Community

I do not agree that

"In the cryptocurrency environment, anonymity is one of the basic foundations of the distributed world." 

Blockchains such as bitcoin and ethereum blockchains allow for pseudonymity. 

Transactions can be masked with private blockchains such as DragonChain and privacy focussed coins such as Monero and Verge. 

Use case 1 and 3 exist. 2 is in progress. 

Use case 1: Eth Lend, Salt

Use case 3: Will be solved by payment focussed cryptocurrencies giving close to zero transaction fees, and conversion to fiat will also be close to 0. 

Millennials are right to think this. If BTC drops 90% it will still have beaten most bonds and funds over the last year.

Crypto's largest value proposition is judgement and censorship resistant money. 

There was never a promise of cryptocurrency being an investment. The promise was for the blockchain to decentralize money. It has succeeded at this in creating a store of value, however high transation fees are reducing it's capacity to function as a means of exchange. 

There must be more regulation in the space so all those involved in token sales/ICOs have a clear understanding of the risks. 

Guidelines must be published so those looking to invest have an opportunity to perform due diligence which clearly signals whether a token will be considered a security, even though it is being marketed as a utility token.

Tulips are not durable, not scarce, not programmable, not fungible, not verifiable, not divisible, and hard to transfer. Naval Ravikant This analogy is 5 years old. It is boring and gives zero insight.

Impressive breakdown - thanks. I think bitcoin will continue to grow as both a store of value and payment method, as the community is incentivized to grow network capacity.