What will be the cryptocurrency market in 2019 and how relevant is the "home mining" in today's realities?
We bring to your attention an interview with the famous miner Proton – the author of one of the most popular and useful mining channels in Russian-language YouTube.
How do you see the place of cryptocurrency in the modern economy? Is there a real need and demand for “digital assets” now?
Currently, a cryptocurrency is rather a speculative tool than the real sector of the economy, but the technology behind the cryptocurrency is the future that awaits us not only in the economy, but in other spheres of life (because of the blockchain ).
Is society and business ready for the adoption of a “new form of money”?
At the moment there is no, and the point here is not even in the business itself or in society, but in the state regulation and the attempts of the governments to ban the new technology, instead of comprehending it and helping it to become. Those countries that support the development of the blockchain and cryptocurrency in the future can get a very good advantage in the development of their own economy.
"Home mining" died? Or is it worth taking the current situation as a temporary pause?
"Home mining" is very much alive, unlike industrial, where there are additional fixed costs. And in general, mining was originally conceived as “home”, and “die” cannot by default.
Another thing is that now the profitability from mining is very low, and modern “hamsters” tasted freebies of 2017 and confronted with the harsh correction of 2018 and begin to shout that “mining has died”, not realizing that this is a business like and others, and in any business there can be problems, losses and temporary difficulties, and for enthusiasts, mining is primarily a hobby, and who said that a hobby should be super-profitable?
Will Bitcoin remain the flagship of the cryptocurrency or the future of the tokens that will be issued by large corporations (Facebook, Google, Telegram)?
Bitcoin is likely to remain the No. 1 currency in the future, but it’s not a fact that, due to the shortcomings of its technology, it will become a means of payment (what corporation tokens are striving for) due to limited bandwidth.
I think that Bitcoin will eventually become a kind of measure of the value of the remaining coins (as it is now), and will be something of a reserve currency (well, or a luxury item, like diamonds … they are not very liquid and extremely expensive, while possessing tremendous value in heads of people).
What are the prospects for cryptocurrency in Russia for 2019 (implementation, regulation, mass adoption)?
The prospects are very vague, because cryptocurrencies pose a threat to fiat money, as more technological and advanced assets, and the governments of many countries would not like to lose control over the "monopoly of money."
How do you see the optimal principles of cryptocurrency regulation (at a basic level)?
The basic attributes of “real cryptocurrencies” are in their decentralization and the absence of any regulation from outside (and especially from governments), while there are many centralized tokens that can be completely controlled by the issuer (Ripple for example), such currencies will definitely appear and lobby. , and will probably replace the modern Fiat, but it is pleasing that decentralized cryptocurrencies will not go anywhere.
Will the blockchain technology evolve along with the growing popularity of cryptocurrencies or the adoption of the technology itself can occur regardless of the situation on the crypto market?
Cryptocurrency only visually shows how the technology (blockchain) works, and its development and introduction into other areas of life is beyond doubt.
What trends in the crypto industry you personally expect in 2019?
There is an opinion that in the middle of the year another wave of mining mining will again (begin) again , but as they say we will wait and see.
Publication date 01/31/2019
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