Quote from: MarquiseMuseum on October 22, 2019, 01:17:51 PM

I am sorry to state the obvious, this but at this point it is evident that world stock indexes and big business will clone high capacity chains like Waves to migrate old world means of production in a regulated censorship enabled environment.

Merchants are bound to the land owned by governments and they cannot physically resist high level decision making because profit is tied to machines of production that are land locked.

It is a bad outcome for this decentralized space as far as merchant onramping but some alts may be able to capture market share and grow by mimicing stock indexes in a decentralized format.

My point here is that Merchants will of course want to launch branded cryptos with high capacity inorder to extract added value of blockchain technology but it is probable that a vast majority of extant resources will be migrated to government controlled indexes like Nasdaq, Nikkei, etc, using custom platforms.

I think Bitcoin and many top coins will find competition difficult against establishment. I think Bitcoin is vastly overvalued.

I also think that in 5 years from now, Google, Darpa or Boston Dynamics will have paired autonomous robots with an AGI powered chain using concept of Ethereums original design.

Onramping mainstream userbase will have little price impact, real wealth is in top 1% of economy as everyone knows, because they own the means of production.

Decentralized space excluding top 5 since it is not decentralized, maybe will become the peoples economy. It is a class division of the world.

Bitcoin is already owned by the old establishment so using it for decentralized and libertarian reasons is a bit redundant. It's a good vehicle of gambling and speculation, so enjoy your continued debate.

What benefits does blockchain provide once you have removed the decentralization and censorship resistance?

In the cases you describe the private organizations would be better off using a more robust and efficient conventional database. Blockchain is big, slow and clunky. There is little reason for companies to adopt it if you take away the reason it is valuable in the first place.

There is a major paradigm shift i n the making. It's confusing to try to predict how it will unfold. But I am not sure I can see your scenario really working.