There is an electric excitement and explosive media buzz about crypto currencies, bitcoin and everything running on blockchain.
Is it a movement that will propel humanity in a new tech driven tokenized economy? Or is it an overhyped bubble that will explode into a million token particles in a few months?
Fact is that there are daily 500.000 new subscribers on token platforms, and the majority of subscribers that join the ‘get rich quick club’ have no idea what it’s all about. Governments are worried about regulation, banks scratch behind their golden ears and try to implement something neutral by composition in their by default biased pyramid structure. Is there something that can potentially survive the token gamble rally and become of real value to real people?
Most of the 900 crypto currencies that are ‘out there’ did their money raising round (ICO or Public Token Offering that is called) on a whitepaper, some good-looking team photos and their network. But no real value behind that. It tastes like the internet bubble in 1998, where every smart nerd with a DOT.COM in their startup was good for millions. Because there was simply the promise of internet. But after the initial ‘the sky is the limit’ euphoria and investors wet dream, all that was left was a financial wasteland with many dead dot.com bodies. The smart ones had exited already selling their promise of simple internet shops for vibrators, the next 100th search engine or something like pets.com, that sold stuff for pets. To give a hot-air balloon example: Petshop.com had 700.000 revenue in a year while spending 12 million on marketing. I guess you can call them dreamers.
Internet soon became a safe haven for porn and sex sites that made millions, from 56k modems and waiting for the tits to show up until the G-networks. And after a decade or 2, well we all know what came of the internet. The reality is that, despite the initial dream of neutral free information, it is dominated by some big-time monopolists in a pyramid structure. Google, Amazon, Facebook and a few others sit on more than 60% of data running in expansive super data centers. On the other hand, internet has brought us a wave of more efficient planning, organizing and connecting to the human field of expanding information. Life has become so…