Coin Trading is Crushing Blockchain’s Progress, Big Crypto Adoption Debate Reveals
Cryptovest
Published Aug 10, 2018 10:03AM ET
Updated Aug 10, 2018 11:20AM ET
Coin Trading is Crushing Blockchain’s Progress, Big Crypto Adoption Debate Reveals
The 1-hour debate, hosted by Keith Wareing, included CEO’s from Tokenpay, Omnitude and MFChain, as well as the leading crypto advocate John Mcafee. During the discussion, the panel unanimously accepted early on that cryptocurrency trading and the growing obsession with trying to profit from the crypto markets high volatility, has stolen focus away from engaging in real-world use cases of blockchain technology and promoting them to the rest of the world.
“99.99% of transactions are not used for the real world, they’re used for trading and speculation,” said Derek Capo, CEO of TokenPay.
John Mcafee also argued that there are vast numbers of innovative blockchain-based projects on the market already solving mainstream world problems, but nobody seems to be interested in using these new platforms to replace their existing centralized counterparts because of the pull of the luc...
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