4 ms·
Like so often, technologies are overrated in the short term and underrated in the long term. Blockchain seems like something revolutionary but, like the interne
by ijidak 9y ago
Like so often, technologies are overrated in the short term and underrated in the long term. Blockchain seems like something revolutionary but, like the internet, it feels like it's probably going to take a decade to discover where the real, solid, lasting value will exist.
For example, how many would have predicted the rise of small, fairly low-tech, text search ads as the multi-billion dollar revenue linchpin for all global search.
Similarly, whatever the core long-term value of crypto-currencies will be, it probably hasn't been truly understood yet.
Most of these ICOs are similar to the period before the dotcom crash when simply adding .com to the name of a failing business was enough to lift it's stock value. Anyone else remember that or can give an example?
Whatever rises from the rubble of this cryptocurrency bubble bursting is what will no doubt be most interesting and what will no doubt end up being truly world changing.
Looking forward to the middle/end-game.