3 ms·

Something I think is forgotten is that people who understand blockchain and Bitcoin don't necessarily understand investing. Bitcoin seems to be the first inves

Something I think is forgotten is that people who understand blockchain and Bitcoin don't necessarily understand investing. Bitcoin seems to be the first investment for a lot of people. Supply-and-demand, cash flow and market psychology is probably something you are not that used to thinking about. (hmm, seems like I said about the same thing as you did, read your comment too quickly)

nxsynonym 9y ago
Good point. There's a lot of emphasis in tech around "disrupting". While in general that leads to a ton of innovation and technological progress, I don't think disrupting fiat/the economy as we know it is as easy as a tech-driven payment alternative. And just to be clear - I support the development and experimenting around Bitcoin/Cryptocurrency. I really believe there are yet-to-be-seen uses for the blockchain technology that could have severe, lasting impacts (hopefully for good!). What I have a major problem with is the money-grubbers pushing the technology as a get-rich-quick scheme. It overshadows any discussion around progress or development and is just another way for the rich to get richer.