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I think the only reason right now, is that the people asking these questions are not the same people investing in and being vocal proponents of these protocols.
by donkeyd 5y ago
I think the only reason right now, is that the people asking these questions are not the same people investing in and being vocal proponents of these protocols.
If I look at my own circle, the people who are vocal proponents of crypto are always invested (which makes a lot of sense) but are often also not generally very informed. They are often people who have spent next to no time investing in traditional markets, nor have they actually read up on any of the technologies beyond promotional white papers.
These people think (and maybe they're right, some clearly were) that this is their chance to be part of a great recalibration, a wealth transfer from the rich to the average. They often aren't even aware that the bulk of the rise in market Cap is beneficial to people like the Winklevoss twins in case of BTC or private investors in case of Solana. If this news even reaches them it'll be in the form of: "the token sale was very successful, which proofs that this technology is going to win the market, so you should invest too!.
Who knows what will happen though, maybe we're just blind to a technology that'll eat the world.
- rank0 5y agoI agree with your point. Maybe I should get off my ass and contribute to an open protocol that I believe in... Unfortunately I’ve got my day job to perform and my side projects I really enjoy have nothing to do with crypto.