Why We Should Let The Raging Fire
Hi people, there's a lot of negativity around the current state of Crypto Asset valuations and it seems a crash is inevitable in near future. But, In my opinion, the current "Bubble" is actually doing a great favour for the entire crypto ecosystem although there will be tons of people who going to loose their hard earned money when the Bubble burst.
Human by nature is greedy and anything that promise a good future without being equated in monetary term ... is less sexy and will not motivate one to take action. BlockChain / Distributed Ledger Technology is super cool and a great innovation after "Internet", but it's not sexy enough for the ordinary people on the street nor the rich people in WallStreet.
However, all this change when there's easy money associated with BlockChain and people start talking about how good it is to be an early investor in this coin and that coin... it's been more than 10 years since Satoshi unleashed his creation but only for the last 6 month's we are seeing tons of publicity and crazy load of newcomers placing their bet in the system. The sudden interest is not sustainable but it gives the attention we need for mass adoption powered by GREED!
So for the first part we have the sudden interest on the Crypto Ecosystem with the help of mainstream media hype and crazy level of return in Crypto Currencies. Any coin is the best coin now when people make their investment based on Youtube, Reddit, McAffe Tweets... but this is where it get's interesting, this cycle will keep growing until it's burst and leaving the ecosystem with dead bodies. Like wildfire, the dead bodies will be the fertiliser for the next generation of Crypto Assets that have a solid foundation and stay true to the original idea of BlockChain.
As one can expect the public and mainstream media will label Crypto as the biggest scam in the modern history after the "Burst" but this is what we exactly need at that time frame. When the hype based on greed dies down, the real innovators can now focus on building something that have a real use case without the need to tie it with immediate monetary return. This will be the phase where all the scam coins, ICO's without real world usage, coins with no real adoption will slowly die together with their "Bag Holders".
Any coin or companies that survives these Apocalypse... that will be the Next Generation Asset Class! The new Amazon, Facebook, Google... so, let it Bubble, let the fire rage...
http://www.bbc.com/earth/story/20160722-why-we-should-let-raging-wildfires-burn
Guys, thanks for reading and this is my first post.
Special credit for Photo by Ricardo Gomez Angel on Unsplash![ricardo-gomez-angel-282325.jpg]
Regards,
Mano
AlgoInsider.Com
