Bitcoin and ICOs are in 1999-like bubble; they'll crash but will produce the next Google and Facebook and all the great and scary things the internet gave us
The true believers won't stop until they've remade the world. Some of it will be thrilling. Some of it will keep us up at night. Tweets: @waldojaquith , @ahmed , @ameliasbrain , @riskreversal , @fintechfrank , @felixgillette , and @brendancbyrne Tweets: Waldo Jaquith / @waldojaquith : My favorite bit of @ftrain's piece on blockchain etc. is this recollection of 2002. Many of us thought—and said—"now we'll find out who was in this for the money, & who is a true believer." I lost my business in the crash, but loved our collective refocus. http://www.bloomberg.com/... http://twitter.com/... Ahmed Al Omran / @ahmed : What if the most important thing the blockchain offers isn't a replacement for money but a new way to build culture? http://www.bloomberg.com/... Amelia Bellamy-Royds / @ameliasbrain : A new @FTrain essay on economic bubbles as cultural fads. Luxuriously written, with enough insights poking out to ruffle existing assumptions as it slides by. Worth a read, even if your mute list contains the word that starts with bit and ends with coin. http://www.bloomberg.com/... Dan Nathan / @riskreversal : Bits gonna coin. “Consider Bitcoin a grand middle finger. It's a prank, almost a parody of the global financial system, that turned into a bubble” http://twitter.com/... Frank Chaparro / @fintechfrank : “On the days when bitcoin crashes, a holiday atmosphere takes over in my corners of the internet. People tweet screengrabs of Reddit fights. It's always good fun to watch strangers grieve as their digital nonsense nickels melt...” Via Paul Ford @business http://www.bloomberg.com/... Felix Gillette / @felixgillette : “Most things that the blockchain promises to do can be done more easily with other technologies, including good ol' fiat currency. But I know a mind virus when I see it.” http://www.bloomberg.com/... @brendancbyrne : best use of the blockchain yet, from @ftrain: “a distributed magazine called Information of Vital Public Interest About Peter Thiel that would be awfully hard to sue into oblivion.” http://www.bloomberg.com/...