Murtaza Hussain
@mazmhussain
I don’t think it really make sense to say cryptocurrency and blockchain are early at this point. The concept has had implementation for a decade and a half now, and the valuation of the assets have already had multiple boom and bust cycles. They may go higher still, but this doesn’t seem to have a necessary connection to practical utilization. Blockchain-based currencies have shown great utility in helping people evade of capital controls, and yet there has been reticence to otherwise use blockchains when databases work well enough. There is still a persistent sense of “earliness” because a new project is always being spun up. Yet it may be that we have reached the peak of utility. Nonetheless I always keep an open mind, and this is why I still play around with it today. Ironically the major exception in my mind could be Bitcoin, as it does have some of the monetary characteristics of gold that could prove useful one day. For this reason I always keep some Bitcoin and recommend others do so as well.
14 replies
1 recast
29 reactions
YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
If we compared to something similar, say... credit cards (which first started in late 40's!!!) one could accurately say, even 30 years after in the 70's, that it was "early" for credit cards. Compare 70's to even the 2000's and then now in 2020's - usage - ubiquity - features - scale - form factor changes (paper slips, strips, chips, mobile phones) - default behaviors of people and I think we can quite easily say we're incredibly early on crypto and blockchain.
0 reply
0 recast
0 reaction
