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RE: Are crypto assets like real estate? Is there a bubble?
It's true that cryptocurrencies aren't companies. But company share value is also subjective and often speculative. Is that really your basis for believing that cryptos can't become obscure and worthless?
I think it depends on the crypto and why it is created. Coins which just are currency are going to be the ones that become worthless but a lot of them actually do stuff so it depends. A currency with a community attached wont be worthless. In any case, I think the shakeout is natural and money will flow to better tokens over time.
Then we're in agreement.
My only point of contention would be that a coin can have a community now but none in ten years, or a very obscure and small community.
True, the problem with having stupid designs for technology is they don't evolve with the times. I like Tezos and Tauchain for a reason. In nature the species best able to adapt is usually the one to survive the changing environment. In a fast changing environment it is adaptability and evolvability which count.
Look into Tezos and Tauchain as soon as you get a chance if you're into the long term game.