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for context this article is from 2018 when Bitcoin was crashing, author was obviously trying to dunk of the crypto community at the time. The entire crypto mark
by ren_engineer 5y ago
for context this article is from 2018 when Bitcoin was crashing, author was obviously trying to dunk of the crypto community at the time. The entire crypto market is now over 5X larger since he wrote this. Author is also the founder of a traditional FinTech company with 68M raised, so he has obvious bias
https://www.crunchbase.com/organization/true-link-financial https://www.crunchbase.com/organization/true-link-financial
most of his complaints about crypto being hard to use could easily be applied to the internet, cell phones, and computers in their early days. Almost all technology starts off with a niche community that is often mocked before it improves and becomes mainstream. Crypto gets even more hate because people who think they are smart are seething about missing the train and the cognitive dissonance demands that they write off the entire industry as useless
- DebtDeflation 5y ago>The entire crypto market is now over 5X larger On what basis? Certainly not on the basis of volume of transactions used to purchase goods and services in the real economy. Nor on the basis of adoption of other use cases for smart contracts, supply chain provenance tracking, etc. I assume you mean on the basis of trading volumes and market caps, which are completely irrelevant.