interesting thing. The coin market keeps chopping sideways and bleeding, but blockchain consulting firms and dev firms are flooded with client requests right now. That doesn't mean coin prices are about to go up. Most serious clients are moving toward using blockchain as infrastructure, and short term the demand is overwhelmingly for private chains. What they want is a ledger they can control, not a token on a public network. But the limits of private chains will show up before long. The real value of a blockchain network lies in permissionless verifiability and open interoperability, and that's only possible on a public chain. A ledger with pre-approved participants ends up being a well-built shared database, and its network effect only scales with the number of member companies. So I think the market is in a transition period. But the real question is what comes after: the mechanism by which network usage translates into value accrual for the native token. That's the biggest open problem this market has.