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I do agree with you on a lot of your points, the current state (and "value") of cryptocurrencies is extremely over inflated, but I don't think we can use the do
by invalidusernam3 8y ago
I do agree with you on a lot of your points, the current state (and "value") of cryptocurrencies is extremely over inflated, but I don't think we can use the dotcom bubble as any sort of guide to when the blockchain bubble will burst. They are fundamentally very different things.
I feel like most cryptocurrencies will die a slow death over the coming months with the ones that actually provide value decreasing in price but not dying, with the herd will be culled down to ~20 or so. Blockchain is a useful concept, and tokens of value are a key concept in adoption.
I don't think we've seen any truly useful applications of the technology, but I also feel like its too early to write it off completely. It would only take one great application of blockchain for it to become an important part of our daily lives, but I think the focus at the moment is in the wrong areas.