very true.. bitcoins don't grow on trees ! I think quoting from a 400 year old economic situation as themost relevant metaphor is quite transparently desperate thinking. Altcoins are just new digital shares. bitcoin is the keystone currency. It's nothing more than the killer app, the internet has been waiting for. It will economically and socially transform the world. It is no coincidence that on the precipice of economic stagnation a technology comes along that gets people excited.. and is efficient, secure, transparent and dare I say it, with a sniff of the democratic values which we are taught to cherish, but which we rarely taste satisfactorily ! Long Live the BlockChain Revolution
It's like saying e-mail is a bubble.
yeah or like saying the internet's a bubble. The dotcom bubble is possibly a more accurate analogy. if we look at the numbers though, the internet start up investment bubble didn't pop until there were trillions invested. we're still at about 500bn with crypto, times have changed, things move faster and there's a lot more money in the world.. I think a lot of sh*tcoins will disappear and some excellent startups won't make it. also there are a fair few duplicates in the marketplace for various projects. cloud storage has siacoin golem and storjx.. I'd bet there's enough room for them all given the immense requirements for their services. No fear ! crypto is here to stay. I think we're still at the end of DAY1 !
Very good points @outerground, especially the one about democratic values, the blockchain offers us true democracy without the coercion of the so called, 'free market', which is anything but free.
Vive la revolution!
Cg
call me an idealist but I actually believe (perhaps) need to hope that BlockChain will ultimately offer some better ideas. It could certainly do a lot for transparency, accuracy and accountability. Reducing corruption through BlockChain governance would be as revolutionary as the shipping container (which reduced theft and loss from global shipping by 30% overnight).. hang on, I think I wrote an article about that !
here it is.. you might like this.. It's actually about IMMLA BlockChain shipping logistics
https://steemit.com/crytpocurrency/@outerground/the-story-of-the-humble-shipping-container-and-how-it-revolutionised-cargo-transportation-immla-blockchain-logistics