Dog wrote:e-commerce was a great idea and it happened/is happening. still, the late 90s and early 2000s .com bubble made no sense. blockchain is indeed very promising. that doesn't mean you'll make money by buying random coins and praying.
there's a long history of new tech creating early enthusiasm and a bubble. .coms. railways before come to mind. these were real game changers. still, early enthusiasm lead to bubbles. after that burst, the industry can go on maturing more responsibly. there really is no need to try to jump on so early. lots of consolidation and weeding out the losers to do still.
I agree with all of that. But it's not only about the blockchain, it's also about the tokenization of everything... it will happen. There's no doubt about that, and in order for it to happen, there must be a couple of main chains, weather it's Bitcoin, Ethereum, Caradano, Neo, EOS or a private blockchain lanuched by microsoft (or all of them in different roles), we don't know, but it will happen.
What the space critically needs now is regulation. Define what is or is not a security, what guarantees you have when participating in an ICO, etc. There's a wild amount of speculation clearly, but it's driving the tech and the ideas, and one must be prudent in choosing the right way to regulate while not stifling innovation.
Well at least I'm glad that we went from it's drugs, pedophilia and tax evasion to something of value is unfolding.