"Crypto" - or "crypto currencies" - are a type of software system which provides transactional functionality to users through the Internet. The most important feature of the system is their decentralized nature - typically provided by the blockchain database system.
Blockchain and "crypto currencies" have become major elements to the global zeitgeist recently; typically as a result of the "price" of Bitcoin skyrocketing. This has lead millions of people to participate in the market, with many of the "Bitcoin exchanges" undergoing massive infrastructure stresses as the demand soared.
The most important point to realize about "crypto" is that although it actually serves a purpose (cross-border transactions through the Internet), it does not provide any other financial benefit. In other words, its "intrinsic value" is staunchly limited to the ability to transact with other people; NOT in the storing / disseminating of value (which is what most people see it as).
The most important thing you need to realize is that "Bitcoin" and the like are payment networks - NOT "currencies". This will be covered more deeply in a second; the most important thing to realize is that "getting rich" with BTC is not a case of giving people any better economic standing - it's simply the process of being able to buy the "coins" for a low price and sell them higher.
To this end, when looking at "crypto", you need to first understand how it actually works, and where its "value" really lies...
Decentralized Payment Networks...
As mentioned, the key thing to remember about "Crypto" is that it's predominantly a decentralized payment network. Think Visa/Mastercard without the central processing system.
This is important because it highlights the real reason why people have really began looking into the "Bitcoin" proposition more deeply; it gives you the ability to send/receive money from anyone around the world, so long as they have your Bitcoin wallet address.
The reason why this attributes a "price" to the various "coins" is because of the misconception that "Bitcoin" will somehow give you the ability to make money by virtue of being a "crypto" asset. It doesn't.
The ONLY way that people have been making money with Bitcoin has been due to the "rise" in its price - buying the "coins" for a low price, and selling them for a MUCH higher one. Whilst it worked out well for many people, it was actually based off the "greater fool theory" - essentially stating that if you manage to "sell" the coins, it's to a "greater fool" than you.
This means that if you're looking to get involved with the "crypto" space today, you're basically looking at buying any of the "coins" (even "alt" coins) which are cheap (or inexpensive), and riding their price rises until you sell them off later on. Because none of the "coins" are backed by real-world assets, there is no way to estimate when/if/how this will work.
Future Growth
For all intents-and-purposes, "Bitcoin" is a spent force.
The epic rally of December 2017 indicated mass adoption, and whilst its price will likely continue to grow into the $20,000+ range, buying one of the coins today will basically be a huge gamble that this will occur.
The smart money is already looking at the majority of "alt" coins (Ethereum/Ripple etc) which have a relatively small price, but are continually growing in price and adoption. The key thing to look at in the modern "crypto" space is the way in which the various "platform" systems are actually being used.
Such is the fast-paced "technology" space; Ethereum & Ripple are looking like the next "Bitcoin" - with a focus on the way in which they're able to provide users with the ability to actually utilize "decentralized applications" (DApps) on top of their underlying networks to get functionality to work.
VoIP on WiMax will make the latest 3G technologies obsolete before they are completely installed. The reason is because 3G cell phone technology is capable of 2Mbs while WiFi is at 11Mbs in bursts and WiMax will be even greater therefore 3G is not needed as VoIP over WiMax is going to provide more data, faster speeds and greater numbers of users. WiFi and WiMax may actually solve the goals of conquering the digital divide. There will be a small price for this disruptive technology. There will be small legal battles fought such as this one over territory with government agencies and private sector. In the WiFi Online Newsletter commenting on a Wall Street Journal Article we saw Verizon fighting with the City of Philadelphia over their city wide WiFi and if you think about it they do potentially have quite a bit to lose don't they?
There will also be issues with frequency pollution from other uses in close proximity of the frequency band being sent out. There will be issues with the human biological system, birds, animals and pets. There will also layoffs caused by such disruption and some bluff layoffs to sway political intervention through careful manipulation of "K-Street" style guerrilla lobbying. There will also be issues with first to market and frequency allocations from the FCC. There will be consumer complaints due to bandwidth being used up and services too slow for users.
There are already some heated battles going on with the use of power lines to deliver Internet to the home because it will disrupt Ham Operators. The layoffs in Telecom have been astronomical in recent years. New technologies while they give the industry new life, new directions to grow they also provide for some fierce competition between players. One of the most recent issues was the VoIP FCC ruling, which said that VoIP couldn't be taxed by states, as it is an Internet Service not a phone service. This was a major ruling for the VoIP Industry and will add billions of dollars in capital from investment banks and venture capital firms.
Recently I was at a WiFi Verizon Hot Spot and there were six people with computers there, two playing video games on the Internet, One using VoIP another downloading a big file, needless to say surfing at any acceptable speed or collecting 1000 emails (most 90% SPAM) was out of the question. Although patrons have paid $19.95 per month for internet access there will be issues with speed and bandwidth as the Internet is soaked up by VoIP and excessive emails. WiMax promises to solve this problem with speeds of 75MB per second as opposed to the WiFi burst speeds of 11MB or the mobile satellite solutions at 1-2 MB per second. Still all of these solutions blow out of the water the old dial up speeds. 3G Wireless was thought to be the savior, yet with speeds on the very lowest end of the spectrum, even devices like the Blackberry (RIMM), or the AT & T iGO do not stand a chance on such services.
Right now 3G network is nearly complete and works good for phone calls and instant messaging, but is quite lacking for video or picture emailing. As new devices come out such as movie watching, music downloads, projection video, hologram messages, 3G, 4G even 5G and what some in the industry call 6G will not be able to use with the current 3G towers across the nation. Even with 1000:1 algorithm compression there is a limit on the devices and system. The Telecom Industry has taken a huge hit in the last five years with massive layoffs, accounting irregularities and overpriced bidding for frequency allocation, which amounted to investments based on pie in the sky wishful thinking potential consumer numbers even from a monopolistic standpoint, it was simply not possible. The frenzy to over pay for these frequencies was out of control and we saw the fallout occur as predicted by many an insider.
The De Facto Crypto Currency for the Telecom Industry
Telecoin (TCN) is an open source, peer-to-peer, community driven decentralized crypto currency with its own economy, the telecom economy. Telecoin allows its users to purchase, subscribe and pay for telecom products and services such as recharging their mobile phones, paying for data subscription and cable television bills from within their wallet using their coin balance.
Telecoin also serves as a means of wealth storage and investment in a non-government controlled system called the decentralized blockchain.
Telecoin is the De facto crypto currency for the global telecommunication industry. It is the digital currency used as a means of exchange and barter for the telecommunication industry. It is digital currency used for purchasing, subscribing and making payments for telecommunication products and services.
for more information visit :https://telecoin.co/
https://bitcointalk.org/index.php?topic=3262718.msg33995884#msg33995884
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