Friday, March 30, 2018

Bitcoin is to Cryptocurrencies as Blackberry was to Smartphones

Friends, our thesis is that the market leader(s) in the early phase is of as new technology or business paradigm is likely to be usurped by a new solution or vendor in the late early adopter and mass market phase of market adoption. Case in point – the race toward a multi-function mobile communication device for the masses. For several years RIM’s Blackberry phone was viewed as an innovative and market leading device. However, after years of trial and error, false promises and failure to meet expectations Apple’s iPhone became the breakthrough product which revolutionized the mobile communications segment worldwide. The same principle likely holds true in the global Cryptocurrency arena. Bitcoin is the unrivaled leader in the Phase I of Cryptocurrency solutions. Nonetheless, our thesis is that within three-five years a new transformational (2nd or 3rd generation) product will dominate the Cryptocurrency space … just like the iPhone transformed the smartphone sector. The obvious questions are which currency with which features and ecosystem will emerge … and when? Share your prognostications with us today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)

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