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Bitcoin Global News (BGN)

January 02, 2019 -- ADVFN Crypto NewsWire -- The blockchain industry is far from unified. As Jim Radecki points out today in his article for CoinDesk, almost every crypto exchange is vastly different due to its’ regulatory jurisdiction, the assets it supports, and other factors.

To make this fragmentation, as Radecki terms it, worse, the blockchain space also has no sort of set of industry standards of any kind. Every single blockchain project can theoretically choose any type of security measure that it wants with no one there to say it is not strong enough to withstand attacks by hackers. In response to this, Radecki adds a quote that hits home hard for anyone investing in blockchain networks of any kind. The risk of simply being involved in cryptocurrencies could be thought of as greater than the money that you stand to lose by doing so.

At the same time, valuation of crypto assets in nearly impossible, simply due to how new they are and how volatile they remain as an asset class.

When faced with these difficulties, it would be easy to throw in the towel and say that crypto investing is not worth the risk. Even so, strategies do exist that effectively mitigate against these risks. Radecki’s key conclusion on the subject is definitively easy for anyone to grasp.

If you feel that investing is too risky for any of these reasons, why not get even more directly involved with the industry’s growth? For Radecki and many others, the only way to truly change things is to build until the industry is more well-established. All in all, consider becoming a maker in some sense, instead of a speculator.

The blockchain industry needs people that truly shoot for the moon, instead of a shallow version of it based on a quick potential profit. 

By: BGN Editorial Staff