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blackbootz  ·  2378 days ago  ·  link  ·    ·  parent  ·  post: Cryptocurrency sanity check

That letter to Jamie Dimon was excellent--I saw it in a collection of assorted links on Tyler Cowen's blog Marginal Revolution. It gave me a lot more context for what our friends on this here site talk about, what with the early ethereum adopters.

When I look at the "valuation" of cryptocurrencies in circulation--or the market cap of outstanding "crypto assets"--and see that it's at $100bn+, I have trouble fathoming that much demand for decentralized applications. That said, I am operating on strict gut-level thinking, which is obvi incomplete.