Completely agree with everything above, especially the fad perspective. I see it in real life with the few people I know that are into it. They’re clueless. They have no knowledge of these markets nor do they have an understanding of what scarcity means in terms of value in this moment. They play with it because it’s the cute crypto and it’s popular right now. Any discussion I’ve tried to initiate about cryptocurrency or blockchain tech in general immediately devolves to blank looks and clueless smiles, and passive nodding.

Having said all that, however, I also agree it’s good for the space as a whole. I think it’s a bit of a double-edged sword, as many people who get burned when the bottom drops out permanently will never trust any of it again, but I think that’s a short term issue, in that it’ll be relatively few, comparatively speaking, and many of them will end up back in the crypto sphere eventually anyway since everything will be built there.

That’s not to say I don’t still want to shake a bastard by the face when they bring it up. I still having a lot of growing to do. 🤷‍♂️