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Cryptocoin speculation will likely be remembered closer to beanie babies or baseball cards as opposed to the dot com bubble etc. This was just the first time w
by kokokokoko 8y ago
Cryptocoin speculation will likely be remembered closer to beanie babies or baseball cards as opposed to the dot com bubble etc.
This was just the first time we saw this happen globally and with digital goods. Which, possibly coincidentally, happened to baby boomers right when they were around the same age/point in life as the millennial generation is now.
- abstrct 8y ago> Cryptocoin speculation will likely be remembered closer to beanie babies or baseball cards as opposed to the dot com bubble etc. What exactly do you base this idea on? Are you involved in the technology at all? An economics major? Or do you just believe that Mr Noah Smith has the expertise to opine on such a situation.
- abstrct 8y agoSure, downvote me because I was a bit mean sounding, or maybe because you are sick of hearing about Bitcoin. I feel like it's a fair question though. To say that Bitcoin will be remembered more like beanie babies and baseball cards, rather than the dot com bubble, sounds absurd to me. You have the worlds largest tech companies, banks (the IMF!), the Big Four advisory firms, top lawyers around the world, governments at all levels, and just some incredibly active open source communities, all working with this technology. Why belittle it like what was done in that comment? Can't we at least agree that after ten years, Bitcoin has been an experiment worthy of its own story rather than being lumped on either side of "beanie babies or baseball cards as opposed to the dot com bubble"