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> although you could argue that some are jealous of the bitcoin millionaires I suppose I would argue that technologists who missed out not only are jealous but
by Kiro 9y ago
> although you could argue that some are jealous of the bitcoin millionaires I suppose
I would argue that technologists who missed out not only are jealous but feel ashamed since it's "their" area and they should have known. I personally think this is as big driving force as the holders wanting to pump the price. That's why I can't take any side serious.
- simias 9y agoShould've known what exactly? Cryptocurrencies are a huge success as a speculative asset but beyond that I see a lot of whitepapers and marketing pamphlets but very few actual results. I suspect the average speculator doesn't even use the technology themselves, instead keeping their coins on a centralized exchange for safety and convenience. When's the last time you've actually used a Blockchain? What is there even to use in the wild today? There are a few Dapps PoCs that rely on 3rd party cloud storage services like Azure because storing data on-chain is too expensive, have a rather dubious business model and probably fewer actual users than lycos.com. Given the amount of money poured into cryptocurrencies these past years I'm not impressed, if anything every passing day without a Blockchain killer app reinforces my belief that it's mostly wind.
- Kiro 9y agoIt's the perception that they should have known. "Why didn't you invest in Bitcoin, I thought you were good with tech?"