Crypto Madness or Just a New Era

So what is so good about blockchains and are they really that amazing.

Lets look at previous booms

1. Dot com boom, 1990s
2. Housing boom, 2000s
3. commodities boom, 2000s

So in the last 30 years we have seen some big booms and then followed by a fall. Inevitivly all booms are followed by a correction or bubble burst and then phase 2 is usually more sensible. Can we compare the current Crypto boom to the above 3. Well in terms of what the concept is no. This is totally different then the 3 above in terms of this distributed system that can not be controlled by anyone. For example on Steem I can post anything and you can never ever ever take it down. On Steemit you can flag it and or then hide it, but its always there on steem, so you can go to www.steemd.com to see the block chain for Steem. So, yes this is a frightening concept at the same time its really really valuable knowledge and could stock corruption, hate, violence agains the people and groups having their way. The crowd in this case wins.

The part we can same is similar to the above 3 are investing in coins or a thing and not caring about what that thing does. For example I am buying bitcoins and will hold. I have no desire to use then to buy tickets or groceries. So the current ratio of that form various sources is about 40 percent. This is high in my opinion and when it gets to about 70 percent then we all need to worry.

ok so we only established one common basis. In terms of other parameters lets look at a use coin like Steem. So Steem has the most transactions out of any block chain, thats right it beats bitcoin. Its also a big incentive to people around writing. It also cuts out the middle people with low transaction cost and we control the eco system. This is a pretty amazing point, that we control the ecosystem and in history the central areas are the one that bring down currency systems.. like central banks and central governments.

ok so what does this all mean are we In a bubble. I would say we are in new territory given the last part, but there will be ups and down given bitcoin is only 20 to 30 billion cap and the money markets are in the trillions. So I think we will see big. big ups ike we have and big downs to balance things out.

I want hear what other people think?