Peter Harris, the CEO and founder of Resonate, the blockchain based music streaming project recently stated his views talking to team BlockPublisher saying that blockchain is where the internet was back in 2002. The bubble just burst and all the useful technologies are just around the corner.
Team BlockPublisher got in touch with the CEO of Resonate and upon inquiry what he though about blockchain adoption he said,
I think blockchain is where the internet was in 2002. Bubble just burst, but all the useful technologies are just around the corner. Then: broadband, SSL, web libraries. Now: wallets, identity solutions and scalability.
He also thought that blockchain was progressing in scalability and chains were being formed that supported thousands of transactions per second, one of the examples that he quoted was of Rchain cooperation. He said,
Not necessarily on scalability. Rchain Cooperation has 1K transactions per second on their test net. 40K per second planned for launch of main net next year.
Upon discussion that if side chains and individual chains for each tasks were the solution to scalability issue, specifically of Ethereum, he stated that,
There’s quite a lot of transaction volume to migrate onto blockchain so yes, might be that there are different chains for different specialties. (Already seeing that to a limited degree.)
Lastly, the hot topic of blockchain of the debate between Vitalik Buterin and Nouriel was brought up. Nouriel challenged Vitalik Buterin for a debate with a neutral moderator regarding any aspect of blockchain. Nouriel has been pretty active on his twitter relating to topics of blockchain and crypto. Vitalik Buterin agreed to his challange creating a twitter crypto storm. Peter Harris believed in this regard that that, “Nouriel is a buzzing mosquito, nothing more.” Similarly, other names in crypto had their opinions about the topic. Jameson Lopp recently stated that,
Bitcoin is not going to succeed due to its proponents engaging in successful debates with skeptics and antagonists. It will succeed by offering a superior product to the global market that outcompetes banks and nation states.