> then that infrastructure manages to survive and continue to provide value even after the cryptocurrency house of cards collapses.
That's my optimistic forecast for what happens after the current speculative bubble pops. We'll be left with e.g. universal sign-on via crypto wallet that's not owned by any corporation and can be used for cryptographic signature / voting / &c. We'll also have increasingly robust decentralized infrastructure like zero-knowledge rollup L2s on top of Ethereum to make increasing complex decentralized applications. The money making stuff is about as vacuous as everyone seems to think but the substance it's attached to is a movement away from walled gardens and towards increasingly empowered individuals.
> That's my optimistic forecast for what happens after the current speculative bubble pops. We'll be left with e.g. universal sign-on via crypto wallet that's not owned by any corporation and can be used for cryptographic signature / voting / &c.
This seems entirely self-contradictory. How do you certify that a nominally anonymous cryptographic ID represents a particular individual for the purposes of signature/voting without some real-world (likely centralized!) entity establishing a connection between the two?
This seems like fundamentally the same problem that SSL certificates are trying to solve for website identity and I don't see how blockchain removes the need for a central authority somewhere if you want guarantees like "one person, one vote".
That's my optimistic forecast for what happens after the current speculative bubble pops. We'll be left with e.g. universal sign-on via crypto wallet that's not owned by any corporation and can be used for cryptographic signature / voting / &c. We'll also have increasingly robust decentralized infrastructure like zero-knowledge rollup L2s on top of Ethereum to make increasing complex decentralized applications. The money making stuff is about as vacuous as everyone seems to think but the substance it's attached to is a movement away from walled gardens and towards increasingly empowered individuals.