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EOS – How might blockchain technology be used in five years?

Ranjitha Shastry

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EOS- How might blockchain technology be used in five years?
Source: Pixabay

Yesterday, EOS posted a video on Twitter where the EOS core members narrated their ideas on how they view blockchain being utilized in the next five years. The video features Serg Metelin from Developer Relations, Bart Wyatt from Engineering, Daniel Larimer the CTO of Block.one, and Brendan Blumer the CEO of Block.one.

Serg Metelin expressed that it is rather difficult to predict what is going to happen in the five years. However, he is optimistic about blockchains being integrated into different industries. He said:

“Within the course of the next five years, I believe they [blockchain] will be integrated into our insurance, our medical services, in banking and many many different areas in our day to day life.”

Bart Wyatt emphasizes how people will start looking at blockchain in the future. People will have to start using this technology with or without their knowledge. He said:

” it is going to be there and people are going to feel it because what used to be a necessity for a trust and an institution like a governmental agency or even something like a church might be less of a requirement in order to get trust. You will be able to garner trust from these systems, the consensus, and a community. That would be the thing an average person feels that they no longer have to blindly trust these monolithic institutions. I am not sure if they can give blockchain the credit for it, but they really should.”

Daniel Larimer envisions blockchain being used by banks, governments, and businesses. Institutions should be placing their infrastructure with blockchain based infrastructure.



Brendan Blumer, Chief Executive Officer of Block.one said:

“Most people will start to use products and services that will become more competitive and aligned and they may not even know that they are using the blockchain itself. It’s really a resource for developers to build the next generation of products and services”

GrooveTuneZ, a Twitter user commented:

“I suggest all the replyers mark this tweet for two years. I’m not try to prove you’re right or wrong, but you’ll find that you used to be a closed mind.”





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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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