Has the Bitcoin Bubble Finally Burst?
Related:
A fascinating read: Beyond the Bitcoin Bubble
Steven Johnson notes:
“The true believers behind blockchain platforms like Ethereum
argue that a network of distributed trust is one of those advances in software
architecture that will prove, in the long run, to have historic significance.
That promise has helped fuel the huge jump in cryptocurrency valuations. But in
a way, the Bitcoin bubble may ultimately turn out to be a distraction from the
true significance of the blockchain. The real promise of these new
technologies, many of their evangelists believe, lies not in displacing our
currencies but in replacing much of what we now think of as the internet, while
at the same time returning the online world to a more decentralized and
egalitarian system. If you believe the evangelists, the blockchain is the
future. But it is also a way of getting back to the internet’s roots.”