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RE: Proof of Stupidity | Revolutionary Consensus Algorithm
Wait, @cryptovestor can tell jokes? What?
But in all seriousness, Proof Of Stupidity is what will cause the bubble to burst in the future. My parents told me during the dotcom bubble any random company putting "Internet", "Website", etc in their name would result see massive increases in their stock price. We are in the early stages of that right now in the blockchain bubble. At this rate, the bubble will definitely burst in 2020, if not in 2019 or even 2018 if we are unlucky.
It all depends on how the technology develops. It's hard to predict. As the video showed, in this day and age, as always in history, lots of people tend to be more of a sheep than men. That's why governments, banks and corporations are taking advantage of them everywhere you look. maybe 2020, but I doubt I can Imagine what I would think of 2021, one year from now. If it gets to the point that anybody in the world could readily access the bitcoin network, I don't get surprised If we see extensions of the bubble. the market cap is small in comparison to potentials. unfortunately, it is also not even mature for the current market evaluations. As bitcoin gains price, it grows in popularity. Of course, it could also crash which is a thing we should take in to account. A technology in monetary systems, deeply entangled with IT. It's hard to predict.
"but I doubt I can imagine what I would think of 2021, one year from now"
Implying you are speaking in 2020. Are you from the future? lol
I'm considering the case, In which I'm still alive in 2020. :D
I also can't assign a particular probability to that. It's all stochastic in nature. lol