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orbat  ·  2262 days ago  ·  link  ·    ·  parent  ·  post: Crypto crash discussion thread

As has been pointed out, it's a turbulent market. "Crashes" like this have happened several times, and will likely keep happening again until the bubble really does burst.

Blockchains / DLTs (distributed ledger technologies) are an interesting technology, but this current wave of enthusiasm for them is pretty much completely divorced from reality; there are very few actual applications out in the real world that use a DLT, so most of this meteoric rise has been backed by speculation.

My guess is that DLTs will end up like Linux: they'll be present in the background of a lot of things we do in day-to-day life, but most people will never actually come face-to-face with cryptocurrencies or the tech itelf.