Made some videos on SHA2, ECC, Mining and other consensus algorithms in 2018, 2019
https://youtu.be/UziK-Hqzwi4https://youtu.be/FVc-UOHcajchttps://youtu.be/YZafZ3Rvd8II'd say to understand the 2008 blockchain innovation that happened there, one must always highlight that it's digital scarcity at low communication amount.
The security "only" improves a bit over the byzantine fault algos that have existed for many decades prior. Also, the solution is horrible from an environmental aspect and so it should have been a fluke. It's good that this game started rolling though, since it got that whole field of research going. Then again, the space is also full of assholes and the fraction of tech innovators is restricted (some exceptions could be named).
There is something to the technology more broadly, even if it shouldn't go on like it did. That's my technological view.
But if you ask for my prediction on it as a market, then I'd say it will go on even if it doesn't make sense. Too many people are invested (monetarily or otherwise) and so it will go on as an asset platform either way.
Facebook et. al. is also trying to establish themself as digital bank on the continent of Africa, and a dollar coupled local currency (i.e. a global stable coin) would be attractive here. It is an exponentially growing workforce.
Will be interesting what happens.
