Letting the hype die / red markets but more useful / the inclusivity paradox in crypto
blockchain·@drpuffnstuff·
0.000 HBDLetting the hype die / red markets but more useful / the inclusivity paradox in crypto
Yoyoyo everyone. Its been a minute since I just posted some thoughts, often times I wonder if they are my own or if I am just stealing them from things I've seen or read. Surely some combination of both. Regardless of what the market says, things are good! <center></center> I was looking at the coin market cap earlier and I noticed that many a project that at one point or another were buzz projects have found themselves nearing floors well below the highs the were once at. It's easy to get swept up in the hype for new projects, as a long term investors when I do this, I buy before the high. But since I hold, I end up with coins that are priced right around where I bought them. Granted, if the project is good and succeeds.. the usefullness will propel the coin far above where the hype once got it. The coins that have really good projects being built, that are mostly void of hype currently are priced very well to get in, before the useful gives them real value. Sure we are not at all time highs as far as the total market cap. We are at all time highs of use, user adoption, and corporate interest. Up until recently most of the value of alt coins have come from speculation. Soon the use will drive the price more than the forks, more than the announcements, and more than the hype. This will be the time the good projects with working products, and useful coins will get the credit they deserve. So cryptocurrency and blockchain as a whole is supposed to be all inclusive. No matter where you are, you can buy Bitcoin. You can take part in corporations and organizations in a decentralized manner with people from all over the globe. We see slogans like unbank the banked, and bank the unbanked. Then once you get into the community of cryptocurrency things are not so inclusive. It's more like sports. If your team loses, you riot in the streets of twitter and Reddit. You claim scam, say it has no use, call everyone idiots. Without a doubt, many cryptocurrencies will not survive. Let them die, no need to point it out and be spiteful. The comradere that Vitalik and Dan Larimer have recently showed should be taken note of. The best coin should win based on merit. Not who's troll army is the the loudest.. and if your going to be a troll, be funny, be nice, be like @piedpipercoin! Woot woot, @drpuffnstuff
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