Those who’ve been drawn into this craze don’t seem to realize the risks involved. I’ve had several people with barely any technical literacy who’ve “invested” or asked about what it is. None of them understood the purpose, mechanisms of transfer, or risks.
When your your dry cleaner is telling you about a sure thing, you know the bubble is already over.
Once cryptos are roped off from money laundering, we’ll see the prices fall back down to Silk Road levels because black markets were and seem likely to remain their sole utility for some time.
Blockchain tech is really interesting. I think there’s some amazing stuff that could come out of the space. But anyone watching this closely should realize that there is a lot of magical thinking going on, largely because of the deflationary nature of many of the coins.
When your your dry cleaner is telling you about a sure thing, you know the bubble is already over.
Once cryptos are roped off from money laundering, we’ll see the prices fall back down to Silk Road levels because black markets were and seem likely to remain their sole utility for some time.
Blockchain tech is really interesting. I think there’s some amazing stuff that could come out of the space. But anyone watching this closely should realize that there is a lot of magical thinking going on, largely because of the deflationary nature of many of the coins.