Clearly, crypto is no longer a "free standing" proposition.
What I mean by that, is that — for a while — the Cryptosphere seemed to kind of walk its own walk and do its own thing as if it was its own economy.
But — as we saw again this morning — there was economic news here in the USA and it affected the legacy financial markets, but all the cryptos immediately followed suit and also took a nosedive.
Seems to me that we're reaching a point at which the very process by which we have been hoping that crypto would become "more mainstream" is now resulting in crypto making more mainstream movements.
Meaning, that they're no longer excepted living in their own world. Instead when things happen in the economy they also happen to crypto because more and more people are invested in crypto.
Of course looking at that from a logical standpoint and deducing what I just did here is not exactly rocket science!
Hive price today; screen shot from CMC
But it does raise the question of how "alternative" we can really consider ourselves to be, anymore.
Which just goes to show what perhaps has always been the case: you can't both be "special and unique" and "popular with everybody" at the same time.
Perhaps the most poignant example of this tends to happen with restaurants and retail stores. Example time:
You have some place that serves really great food or a store that's really unique and different and gains a lot of local popularity. Business is always going strong and these places are always busy. Then somebody gets the brilliant idea that this "thing" should be everywhere, so why not turn it into a franchise!
Whereas I can superficially see the logic behind this, the people who want to put the places everywhere kind of miss the fact that the very essence of what makes them so special is the fact that they are truly unique and not found everywhere.
Which is why what often happens to that great burger restaurant that suddenly becomes a franchise is that the burgers are not nearly what they once were. The truth is that the ambience, and the food team that spent 10 years putting together something that's "just so" can't be replicated on a mass scale.
Of course crypto is not exactly a restaurant or a retail store, but it is something that has the flexibility to go its own way in doing its own thing as long as there are not too many fingers in the pie.
And so, that mainly leaves us with the question whether Crypto going mainstream will ultimately result in crypto no longer being something that even resembles the crypto that was brought to the world with a great sense of hope and idealism, in the early going.
I suppose only time will tell!
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Posted with proof of brain
