liked the story about the shoeshine boy, I didnt know that. It is exactly what is happening in social media right now with the herd coming in. unfortunately also the unregulated nature of the entire cryptoworld will likely leave a lot more people empty handed if it does pop any time soon. though I have little doubt it will rise again so long as the Dev's do not scupper the code and make more than 21 million coins possible. Dev issues are also a threat to Bitcoin longer term if you have followed the 'war'on the Reddit sites its been pretty ugly in what was once a community banded together. There is some interesting natural occurences been appearing in the ecology of Crypto as it has grown. I still think it has potential to make a lot of people rich but ruin a much larger number of uneducated gamblers who think it an investment that cannot fail.
Thanks for the comment.
I'm not worried about the lack of regulation. That was part of the appeal and why Bitcoin even took off in the first place. In an 'industry' where regulation is lighter then it required more due diligence on the part of the participants. I'm perfectly happy with this. However, the nature of greed is that many people won't look before the leap.
The dev situation with Bitcoin is worrying. I have limited interested in it now, and haven't had for a long time. I still think it is the best place to start learning about blockchain. If you can't understand Bitcoin and how it works then you will struggle with everything else. However, I do point people towards other projects if they ultimately want to get involved.