RE: Cryptocurrency DIsrupting Film Industry
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The democratizing, decentralized, and high fault tolerance nature of crypto is profound. I think most people, especially the naysayers, get wrapped up in the money-making aspect of it, and don't concentrate enough on the utility.
During credit expansions, money making dominates the headlines, but over the long term, the utility of crypto will dominate the future. One just needs to hold on to BTC, etc…long enough to participate in that growth.
The great thing about all that FUD, especially when it accelerates during credit contractions, is that it just makes crypto cheaper to buy, because we all know it has a bright future.
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It isnt only the naysayers, most of the crypto industry gets wrapped up in the money making aspect only. The entire focus is upon price. How many are actually out there talking about building? People like Vitalik and Hoskinson of course and a few other project leaders but that is about it. The rest are "when moon"?
This is what got the attention of the regulators and politicians. We need to focus upon utility and overcome the full attention on speculation.
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Yeah, I'm a big fan of Vitalik. I have followed his work since I bought ETH. I remember thinking years ago, when I first saw him on YouTube…
“Holy shit, this is a really smart guy!”