I've been interested in cryptocurrencies since 2013. In 2014 I did an intro presentation to the whole agency at lg2 but it was so new at that time, I mostly received puzzled looks. Still, it refined my thinking on the space and it got me into a few weird corridor discussions. A few years later, I'm still trying to think clearly about cryptocurrencies. Why are we so excited bullish about this? Why does it feel like an 'Internet' moment again?
I think the price discussion (goes up 500$ = article, goes down 200$ = article) is quite toxic these days and even if I like to cheer once in a while, I'm mostly looking for interesting pieces of reflexions to better understand the true value of this new technology.
This tweet and graph by Twitter user @woonomic caught my attention.
It does two things: 1) it put things in perspective regarding the price, speculation, ICOs and whether or not Bitcoin/Ethereum are truly the longterm solutions – none of this matter on the 10k years scale 2) it reinforces the fact that cryptocurrencies can be the money/asset layer of the Internet if you give them enough time to grow – and it makes a lot of sense when you think of it in these terms: gold --> fiat --> crypto