Home Les bulletins GEAB GEAB 130 Cryptocurrencies/Blockchain: From tax to democracy, the real ongoing revolution

GEAB 130

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Dec 2018

Cryptocurrencies/Blockchain: From tax to democracy, the real ongoing revolution

Largely criticised by some, glorified by others, cryptocurrencies keep raising questions and represent as many threats as opportunities depending where we stand; whether on the side of citizens, institutions, businesses or governments. After a spectacular rise in valuations, we are currently witnessing a collapse in the capitalisation of most crypto-assets. The euphoria is well behind us and we can now actually speak of a crash. The devaluation of bitcoin for example has exceeded 80% in a year, going from a high of €16,323 in December 2017 to a price hovering around €3,000 in recent days.

What does this major correction represent, affecting as it does the entire “crypto” ecosystem? Is this the death knell of a promising technology, the demise of an enthusiastic community? Can this crash be explained? Or is it actually the contrary, an opportunity to reset the metrics, to allow only the most robust and serious projects to survive? The challenges faced by cryptocurrencies and by the entire ecosystem are important to discuss:

– Too many fundraising actions – ICOs (Initial Coin Offerings) – have been conducted for projects that were not technically and / or economically robust.

Comments

To leave a comment sign up now
In summary

The ‘yellow vests’ (FR), the pro- and anti-Brexit protests (UK), the German political crisis (DE), the Catalan independence movement (SP), the budget battle (IT), the labour law reform (HU), the [...]

Geab.eu also is going through a period of systemic transition! Further to a long process of consultation, reflection, construction and implementation, the new GEAB site is ready to be presented [...]

Future developments: What will be the new normal? President Trump emerged as a champion of those who perceived that they were left behind in the inequality race and who felt [...]

General recommendation: Find shelters!  You will understand when reading this issue that the clouds are gathering during the end of this year and the beginning of the next. Take out [...]

17 Up et 16 Down Each year in December, we release an evaluation of our anticipations presented last January. This time, we end up with a final score of 22.5 [...]

Related articles
Geta Grama-Moldovan
15 Sep 2019

Investments, trends and recommendations (Sept 2019)

#cryptos #finance #investment #oil

Finance – First openings in the Chinese market Our investment recommendations on the Chinese financial market are not easy to follow due to lack of accessibility. However, gradually the Chinese [...]

Geta Grama-Moldovan
15 Sep 2019

Hong Kong 2025: A suburb of Shenzhen

#China #currencies #finance

Between a USD-pegged currency (the HKD) and the reaffirmation of its Chinese nature after its handover in 1997, Hong Kong lies right at the heart of the famous trade war [...]

Geta Grama-Moldovan
15 Sep 2019

2020: IMF, a collateral victim of the US-China trade war

#currencies #euro #europe #finance #governance

It's not only Hong Kong that finds itself in the middle of the crossfire of the US-China trade war. The IMF may also be on the list of collateral victims [...]