Re:The Blockchain Bubble Will Pop, What Next?
by grosjona on Monday July 30, 2018 @04:30AM
(#17642945)
>> Almost everyone talking about it is excited about getting rich from trading currencies
Maybe, but why is it a bad thing? This can create powerful network effects.
Facebook benefited from network effects derived from the fact that people want to be liked.
Cryptocurrencies benefit from network effects derived from the fact that people want to get rich.
The problem is that the network effects of cryptocurrency are so powerful that people didn't even need to offer an underlying product/service in order to benefit from it; I think that will change in the future though because the market is now saturated.
Maybe, but why is it a bad thing? This can create powerful network effects. Facebook benefited from network effects derived from the fact that people want to be liked. Cryptocurrencies benefit from network effects derived from the fact that people want to get rich. The problem is that the network effects of cryptocurrency are so powerful that people didn't even need to offer an underlying product/service in order to benefit from it; I think that will change in the future though because the market is now saturated.