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Any moment now… I think in any other space, if you had millions of people (some of them wicked smart) m looking for applications of a technology without result

Any moment now… I think in any other space, if you had millions of people (some of them wicked smart) m looking for applications of a technology without results, you’d see the space dwindle into irrelevance quickly… Crypto is very special in this sense. Despite massive failures and frauds at scale, people keep flocking to it. Is it the promise of unlimited riches, the romantic aspects of it (“decentralization”, etc.), something else altogether? I don’t know, but to answer your question: I get the feeling that despite the FTX case crypto still has many years ahead of it, regardless of whether it ever produces positive outcomes.

markdestouches 4y ago
> Crypto is very special in this sense. I noticed crypto's quality of being special is in reverse proportion to the Fed's interest rates. Just an observation. In all seriousness, the are two real drivers here: 1) speculation 2) money laundering and avoiding regulation in general. These are the things that keep crypto afloat and cryptomaniacs repeating promises of the next big thing that's gonna change everything tomorrow. The real question is what's gonna happen sooner, Tesla's fool self-driving to Mars or blockchains taking over the world.
- ahstilde 4y ago
  A pretty direct correlation for your observation: https://twitter.com/aakashdotio/status/1593347543739441153?cxt=HHwWgoClxcXJ2pwsAAAA https://twitter.com/aakashdotio/status/1593347543739441153?c...