I guess this isn't the kind of thinking that's very popular lately, but I don't now nor have I ever had long positions in anything blockchain related, for prett

I guess this isn't the kind of thinking that's very popular lately, but I don't now nor have I ever had long positions in anything blockchain related, for pretty simple reasons. I don't try to time markets, and I avoid things that seem volatile or overbought, most of the assets in this class have consistently seemed to be both. Currencies of any kind aren't really exciting to me aside from the utility they provide when utilized for something new that wasn't possible without them, and sure there is some of that activity within the blockchain sphere, but nowhere near enough of it to account for the current capitalization. Technically, blockchain isn't very remarkable to me aside from the mining Proof-of-Work scheme being an amusing hack when I first heard of it, but is in practice a pretty large detriment. Even if these data structures and algorithms were radically revolutionary, I wouldn't speculate in them. From my survey, coin schemes gain only attention from being implemented atop blockchain -- no real reason to use the technology and be wrapped up in the volatile markets or to pay the price of the mismatch in design between a trustless distributed system and whatever their actual problem domain is. Most could provide their supposed value proposition while being a boring centralized system, a small trustful distributed system, or (very rarely) a more purposefully designed byzantine-tolerant system, and the only thing they'd lose is publicity. Aside from all of the problems specific to blockchain, in general I see no reason as an individual investor to be in long positions on commodities or currencies as they are systems of zero-sum exchange; I much prefer to capitalize into the positive-sum system that is industry and owning diversified stakes in the productivity and growth there.