You are viewing a single comment's thread from:
RE: SCARY Trend in Bitcoin & Other Cryptocurrencies
Very well-written. I agree with you, but I bring up the whole price over tech deal because so many people think they're in it for the "tech" which is USUALLY a flat out lie not only to whoever they tell it to, but also to themselves. Many people like the ideologies of cryptocurrencies without realizing the work it will require to achieve those ideologies (or how many of them can never be achieved). Thank you for the comment.
Of course crypto is cleary in a buble (as you've said and continue to say) and even in short term the price isn't very stable; but the tech still has some value > 0
Things like Steemit are one of the reasons I haven't tottaly given up.
The fact that something without a inherit value can have pecived value can bring a lot of attention and interest to a topic wich would otherwise be ignored. And greed is the engine on whice all of these values are mesh together and thrown in as fuel;
Just like politic interests gave us things like space travel or atomic science,
Greed, speculation and in-it-for-the-tech guys can give us things like Steemit (and, of course, CryptoKitties)
Maybe I sort of glossed over this in my initial comment but thank you for the video. Really enjoyed it. I image the ideas I explored earlier as branches that are all connected to what you said and form a larger picture together (as pretentious as that sounds). The three points are indicative of the fact that price must have been a stronger factor in the recent growth and fall of interest because none of the tech changed really.