I was talking to my friend last night who is a pretty conservative investor, he's not in the crypto space and probably won't be. He was saying that he thought that there would be success with blockchain technology, he just didn't know where and which companies.
This is the big risk, figuring out who is for real in the space, who is going to make the products that actually work and change the world. Luckily, being on steemit gives us a huge edge as far as information goes, we just need to keep informed. Otherwise we are just investing in progress, and in some cases like steemit, actually using and directly supporting the products
Look at the companies to invest in shows a complete lack of understanding of blockchain. It is not the apps (companies) on the blockchain where the value lies, it is in the blockchain itself. Sure, you can look at a NVDA as a company that will profit from the move since they produce chips for this purpose. However, looking for the "next facebook" on the blockchain will result in failure. Steemit will not have the value, STEEM will.
Plus, he will end up with tokens anyway since it is going to be a tokenized world.
I guess I mean which tokens to purchase, not which companies to invest in.
Do you think that eventually we will be able to trade any tokens between each other instead of just being able to use BTC to use on exchanges (and sometimes things like BTS)? Is this what ARK is looking to do, or do you know of any other upcoming solution?