Choas is a market characteristic. You better get used to it and look for opportunities to make the best off it.

Simple but golden rule, " Never risk more than you can afford to lose".

Well, ladies and gentlemen. Boys, girls and binaries. The New World order is here.

Though I agree that crypto is a great investment in times of uncertainty, I also feel that with a global recession, money will flow to traditional assets, there will be lack of liquidity for people to put money into crypto which can have an effect on crypto markets too. Just a humble thought.

I have had this debate with may different people from different walks of life. In many parts of the world, cryptocurrencies are considered an asset and most of us might be well aware of this too. However, there are many reasons it is still not considered an asset, many( especially regulators ) believe it to be mainly due to the lack of legal rights. This can probably change completely in the future when serious regulated players like Banks get involved. Governments surely see value in it, but they are still skeptical. I think this will change over the due course of time once crypto starts gaining more mainstream traction.

Another interesting approach I came across is trying to introduce a layer by leveraging Blockchains like Concordium which claim to have regulatory compliance and Identity verification at a protocol level. Attempts like this sure might give more confidence among banks to start cryptocurrency custodianship/ interaction. 

With the advent of such practices, cryptocurrency may start being viewed more seriously in the legal world and smart contracts can be legally enforced too. So cryptocurrencies can probably finally be seen as an asset even according to local laws of that particular country.

It isn't going to happen overnight, it sure will be a tough battle,but I see it as a sensible way forward. Is cryptocurrency legal in your country? What are your thoughts?

Using smart contracts in business can help streamline a lot of internal and external processes. It can help automate a lot of internal tasks and help save time , money and resources. Businesses learn this quite early after they saw the potential of blockchain when it was introduced to mainstream public adoption. However, what the businesses did not realize is the true potential of decentralized public blockchain versus a private blockchain.

Since smart contracts are self enforcing, it is easier to implement complex tasks that might have taken a few days of time in just a few hours.

Take Blockchains like Concordium for example which has an extremely sophisticated technology stack, comprising multiple layers that enable it to achieve the aims of high throughput, fixed low transaction costs, and easy-to-deploy smart contracts which is really important for businesses. However, the unique selling point of the platform is in its ability to ensure that enterprises can meet any legal order to identify counterparts to their transactions, so that the relevant authorities can verify who is involved.

At the same time, in the normal run of business, users are guaranteed that they can transact in private without airing their operations or financials on the public blockchains.

Some of these advantages could never have been thought of in a public blockchain but were only available in a private DLT are now accessible in public blockchains like Concordium which we spoke about with the power of privacy and various other regulatory features obtained in private blockchains.

Public blockchains have now understand the pain points of private businesses and are now better equipped to handle their woes. At the same time, businesses and enterprises have understood that the true power of blockchain lies with public blockchains and are now opening up to them as they realizes that they need not have to compromise on anything ( infrastructure wise )  to benefit the full potential of blockchain and can finally move on from a private DLT.

I saw a lot of noise being made in the Beam community, perhaps someone knowledgeable from the Beam community might have a better take on this.

I would be careful with farming projects. Lots of rug pulls, and scams. There maybe legit projects out there nonetheless it depends on your risk appetite.

I agree, for every 10 scam projects there maybe one legit project. But that one legit project maybe enough to makeup for all the scam projects. Keep researching and find the gems.

I very well understand that 5 -10 years in the blockchain world can be a very longtime where lots of changes may happen. However, I think it is a sufficient amount of time for enough for any major technological adoption to happen. It is estimated that the IoT market will have a market size that of $1,436 Billion by the year 2027, that would mean lots of devices connected to the internet.

Lots of connected devices would also mean potential hacks and security breaches. Deploying blockchain to monitor these devices would be the only practical solution. Blockchains such as Concordium can help used the inbuilt ID verification systems to enable seamless interaction of humans and IoT connected devices or even between different devices, legal regulation is another hassle that can be tackled by a blockchain like this.

Number of blockchain and crypto users would have increased by a large number, that would also mean more scrutiny, so we can expect that regulation will be the only way for blockchain projects to stay relevant in the space. It would also mean that users have access to a large choice of Blockchains that would have matured over the many years.

A lot more people being being considered "digitally finance literate". Hence, the entry to barrier will not be too much. We will be closer to hyper bitcoinization. Global Debt will be at an all time high and we may see another cycle of economic collapse. 

We will all have alternative means of financial freedom Blockchain technology in itself would have evolved so much. I expect a large number of projects to have moved to advanced security algorithms by then. It will be interesting to see how the tech evolves.

IoT homes, self driving cars, decentralized companies and decentralized autonomous organizations bigger than corporations will be fun to watch and participate in.

I know I missed many more things, but what is your take on how the future of blockchain might look like?

The profit of freedom, the sense of owning your time, one satoshi at a time.