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The Next Decade, Part 4: Actual Predictions

Author: Content Editor
The Next Decade, Part 4: Actual Predictions
The article discusses several major shifts and challenges that are likely to occur in the cryptocurrency space over the next decade. The author points out the contradiction between Bitcoin's transparency on the blockchain and the traditional financial system's emphasis on private financial records. They argue that businesses should not target or censor customers for using privacy tools, and predict that this issue may lead to a legal challenge in the future.

The author also highlights the ongoing evolution of the mining industry, with larger players seeking to vertically integrate various aspects of the mining process and minimize risk. They mention Bitmain's restructuring efforts and the potential for governments to exert influence over the mining sector in order to capitalize on the industry's growth.

In addition, the article explores the possibility of the emergence of "binks" - business banks for the cryptocurrency ecosystem. The author suggests that these binks could either operate within a physical jurisdiction as legal entities or exist in cyberspace as extra-jurisdictional darknet businesses. They discuss the potential benefits and challenges of each scenario, including legal accountability and trust-building.

Furthermore, the article discusses the importance of a liquid and massive arbitrage between Bitcoin, fiat currencies, and goods and services. The author predicts that within the next decade, a coalition of nations could begin trading and settling oil against Bitcoin, which would have a significant impact on the cryptocurrency's market capitalization and price.

Overall, the author emphasizes the magnitude of change and evolution that the cryptocurrency space will experience in the coming years and urges stakeholders to take the upcoming challenges seriously.

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