I've been in crypto since 2013 and heavily involved in the last madness run in 2017. I was the promoter of the 4-th industrial revolution and even ran digital magazine about it.
But actually, I've also seen the darkest side of the ICOs, where greed & fraud take place in the heads of bright founders.
Bitcoin believers rely entirely on the idea that bitcoin is limited in supply making it far more attractive than fiat currencies that are being printed like mad by central bankers around the world. However, bitcoin has already hard forked several times, multiplying the number and type of bitcoins in circulation. In fact, if you put together all the hard forks Bitcoin (and tokens are just forks of EHT) has undergone since it was first created, the number of total bitcoins has actually grown faster than the number of dollars. That's a fact.
By the end of the day people are interesting only in multiplying their gamble, not business dev. 99.5% of the people from the industry failed to deliver anything beyond scam. And we will have another Great Depression 2.0 executed.
For sure we need the new systems of our governance (as you've sharply mentioned in the Hedge), but I'm not quite sure tokenization & cryptozation is the proper answer...
Thanks Alexey. I happen to think that the monetary dimension of the crypto conversation is less interesting than what crypto protocols make possible when it comes to make everything programmable.
What's interesting here with Fairmint is that crypto is confined to the infra—as written in greater detail in Sari and Packy's piece, it's invisible from a user perspective, since users only see a security (option on equity).
I've been in crypto since 2013 and heavily involved in the last madness run in 2017. I was the promoter of the 4-th industrial revolution and even ran digital magazine about it.
But actually, I've also seen the darkest side of the ICOs, where greed & fraud take place in the heads of bright founders.
Bitcoin believers rely entirely on the idea that bitcoin is limited in supply making it far more attractive than fiat currencies that are being printed like mad by central bankers around the world. However, bitcoin has already hard forked several times, multiplying the number and type of bitcoins in circulation. In fact, if you put together all the hard forks Bitcoin (and tokens are just forks of EHT) has undergone since it was first created, the number of total bitcoins has actually grown faster than the number of dollars. That's a fact.
By the end of the day people are interesting only in multiplying their gamble, not business dev. 99.5% of the people from the industry failed to deliver anything beyond scam. And we will have another Great Depression 2.0 executed.
For sure we need the new systems of our governance (as you've sharply mentioned in the Hedge), but I'm not quite sure tokenization & cryptozation is the proper answer...
Thanks Alexey. I happen to think that the monetary dimension of the crypto conversation is less interesting than what crypto protocols make possible when it comes to make everything programmable.
What's interesting here with Fairmint is that crypto is confined to the infra—as written in greater detail in Sari and Packy's piece, it's invisible from a user perspective, since users only see a security (option on equity).