Great article. I want to underscore a point you alluded to, which is the difference between public and private blockchains. A lot of people don’t get it, even among the current crypto investors, who are all early adopters. That’s why they fall for Ripple Labs publicizing their private blockchain’s adoption by financial institutions, as if that had anything to do with the value of the XRP token.

At some point maybe this will start being reported on accurately by the press. Or maybe these centralized coins will always prosper to some extent. But what’s certain is that even if they succeed in some circles, the true blockchain revolution, which requires crypto to secure public blockchains, is going to dominate.