Solving This One Problem Would Unlock Trillions in Crypto Profits
I make bones about the fact that I don’t think human beings will be able to invest competitively ever again once artificially intelligent competition arrives on the market. A.I. competitors will be superior in every way; they’ll be unemotional, able to trade instantaneously, and will have immediate recall of everything there is to know.
We’re investing in cryptocurrency projects underway right now that support and facilitate the gigantic machine-learning efforts necessary to bring AI out of its adolescence and into maturity.
We’ve already seen incredible changes and incredible profits; Digital Heavyweights readers who’ve been playing along with my crypto recommendations since just this December have had a crack at as much as 1,771% gains, way better than the 10X we’ve been shooting for.
No matter what kind of profits we’ve banked, no matter what kind of changes we’ve seen, there’s always more coming. We can expect the cryptos we’ll see in the next 10 years, five years, even two years, to look different from the tokens we own today.
Adoption will increase steadily along the way, to the point where “hyperadoption” – when cryptos are just as common and useable as greenbacks – will be the rule. There’s one thing in particular I’m looking for that’ll tell me it’s happening…
There Are Too Many Blockchains Right Now
This messed-up hypothetical will tell you a lot…
Imagine logging on to the internet to check with your crypto brokerage account to see how your portfolio is doing today. You type in the web address…. and you get an error: your browser tells you you don’t have the right Internet provider to access that account.
Maybe it tries to push you to the one brokerage they do give access to (which you have no account or portfolio with). Maybe they just tell you you’re out of luck altogether.
Or maybe you have the correct provider for your brokerage site, but not your favorite news site. Or maybe your Internet provider doesn’t offer access to AICI. What are you supposed to do, use one ISP for your home WiFi and another for your cell phone?
It’s a bananas scenario, and fortunately, we don’t live in that kind of world. Generally speaking, any ISP will get you to any website you want to pull up.
Trouble is, for the time being, crypto doesn’t work that way!
Any blockchain application that you might want to use right now is going to have been developed in association with a single blockchain. It will only work on that blockchain. If you don’t use that blockchain, but you like an app that runs on it, well, now you have to learn it and start using it or else pass on that app.
Eventually, this could mean learning half a dozen or more blockchains, and switching between them, just to maintain all the different apps.
Crypto owners with no interest in or need for programming, who just want to transact business between blockchains, need to use “bridges” between them. Many of these bridges are extremely vulnerable, by definition a weak point. Hackers had swiped around $1.4 billion worth of crypto in bridge attacks as of August 2022.
It’s a pain in the neck, frankly, and separate blockchains are a big, ugly gummed-up “dam” holding back crypto adoption; it keeps some of crypto’s most powerful applications and features in the hands of a clued-up few. Kind of like how it was really only computer scientists or dedicated enthusiasts who accessed the Internet from the 1960s and 1970s well into the 1980s.
And imagine how much harder it would be if an entire company wants to adopt an entire collection of useful crypto apps. Keeping track of all the different blockchains would tax any I.T. department to breaking point, let alone any writers, chemists, accountants, photographers, salespeople, mechanics, or any number of jobs a company might have on payroll that have no software expertise whatsoever but still need to use computers, including possible crypto applications, to do their jobs.
Here’s the Top Job for Crypto Developers
Crypto needs the “broken-up blockchains” problem solved yesterday. If I were running a project, that’s the no. 1 job I’d tackle. I’d want to create a platform that can create apps that you can run on any chain you’d like – the broadest possible variety of blockchains at your fingertips.
It’s only a matter of time before a project out there finds a way to bring the blockchains together without sacrificing an ounce of strength or security. There’s a major incentive to do this: The broadest possible variety of blockchains adds up to the widest possible userbase, which adds up to sharper, faster token price appreciation.
A huge barrier to hyperadoption would fall just like that, pushing crypto – which has already entered the mainstream – further into that mainstream