2 ms·
No doubt, this is a rare achievement of technology, community and economics. At the same time, if everyone abandoned the project today, it's tough to imagine a
by acjohnson55 8y ago
No doubt, this is a rare achievement of technology, community and economics.
At the same time, if everyone abandoned the project today, it's tough to imagine a measurable impact on the world outside the cryptoscene.
Personally, I feel that everyone has been too obsessed with the desire to hoard assets to actually build shit that's useful to society. The fact that this rent-seeking desire is baked into the core of most cryptocurrency schemes makes me skeptical that the space will amount to much in the near term. I suspect that when it does, it'll come about in a way that avoids rewarding the squatters. Certainly nowhere near the ratio of dumb money to strategic investment we've seen in the past couple years.