Bubble-phobic Civic CEO, Vinny Lingham, has been sounding off about blockchain and cryptocurrency at an event in Johannesburg. His address covered mass adoption in the blockchain industry, and the likelihood of another bitcoin bubble.
Still in its infancy
Lingham cited lack of use cases and scaling issues as current barriers to mass adoption of cryptocurrency. Although the primary uses of cryptocurrency are money transfers and trading, he saw this broadening as the market matures.
He also felt that developers and startups should be in it due to belief in their project goals, rather than the amount of money they can make. Lingham said: