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I think cryptocurrency has reached or has perhaps just passed the peak of inflated expectations on the hype cycle chart and is now decending into the trough of
by deevolution 9y ago
I think cryptocurrency has reached or has perhaps just passed the peak of inflated expectations on the hype cycle chart and is now decending into the trough of dissolutionment. There are some pretty wild claims out there - it does seem like lots of the rhetoric out there is that cryptocurrency and blockchain technology will solve ALL of the problems. But i think blockchain has a ways to go before we see which problems it is particularly good at solving. People will learn, overtime as companies fail in their attempt to apply blockchain to every aspect of life. When a few of these companies to succeed, which im certain at least one will, we will see the real, unhyped value of the blockchain.
Edit(spelling)
- quantdev 9y agoThinking 'blockchain', which is just a linked-list with hashes, is going to solve anything is silly. It's even sillier than thinking internal intranets or TCP/IP would create huge value, when really the Internet, something much more than internal intranets and TCP/IP, was the innovation. Bitcoin is an open, borderless distributed network with an economic and social system built on top of a data structure called a blockchain. The real innovation has very little to do with the 'blockchain' hype corporations are pushing.