"The government", imo, isn't actually as boorish as the people who believe in it.
haha. You just spoke my mind right there, bro, and even more succinctly in the next paragraph. I think most people just choose to say things like that for whatever reason, like you said, just to say things. The government are rational; rational enough to know that
that banning it doesn't actually make it go away.
I also totally agree with the fact that not every frigging thing needs blockchain. But its freaking amazing how many Whitepaper is floating around concerning basically any aspect of life. It's crazy cos obviously most of them are totally unnecessary scammy things but of course they find a reason or another to justify the space on the Whitepaper.
I remember when I first became interested in Augur (it's a prediction market on Ethereum -- not built yet), and even showed it to people as like an interesting thing and maybe good investment. And then it kind of gradually dawned on me like that it isn't built yet, and basically all you'd be invested in is this handful of people.
Like you see Augur on coinmarketcap (and it was pretty high at one point) and there's a community behind it talking about it on Reddit, and then you stop and realize, all this is is Joey Krug and a few other dudes.
Now, I don't think Augur is a scam. (At least, I have no idea.) But I just mean it was eye opening how it can feel like there's something real going on, and then you realize it's just some guy, like that's all that's going on here, is this guy from New Jersey or whatever is coding something.
And Augur I think is actually one of the better concepts, in terms of like what you actually need a blockchain for.
All that's to say I think we're a ways away from blockchain apps being practical or used much. So when they're built now there usually isn't a real reason they should be valued at all (even if the idea is good, someone else can improve on it whenever the market is ready for it). Like just because a few shmoes code something, it doesn't mean this will actually initiate a network effect that makes this the winning project in a couple decades when the world is ready for it.
So even if a lot of ideas are good, whether the projects themselves should capture any value or attention is a different question.
Definitely! I nodded in affirmation all through this.
Its so amazing how small things get when you really look at them, like wth how did this get to become such a big deal in my freaking eyes. Worst part is most people never stop to consider.
Nobody could have said it better!