There is a bottleneck looming in this round of cryptocurrency adoption: Sovereign-backed legal protections for corporations. ..
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.. 2 ways for BTC to rise from the ashes after this round: 1. Strategic voluntary adoption by sovereigns 2. IoT gains sovereign-like power.
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If IoT gains sovereign-like power, we will have much greater concerns than medium of exchange, be it bitcoin or
$US as reserve currency.
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That kind of sentence always makes me think 'nonlinearity' (even before examining it carefully).
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To free-associate on a comment
@insurrealist style, this was always one of my fav (if not useful) finance papers... http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.25.2231&rep=rep1&type=pdf …pic.twitter.com/xs4JDunESF
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