Just an opinion. Double-entry bookkeeping combined with the printing press revolutionized the way businesses conducted themselves and how information was transmitted in the middle ages. Analogously, blockchain tech + the internet does this same thing today, though at a greater scale and with more velocity. Having a fundamental understanding of the entire ecosystem is required so that one may identify where there is fragmentation. . Then one should study different projects and the solutions they provide to find the ones believed to fill in those gaps best, ideally before everyone else. Studying web3 and having an idealized mental model for what it *should* look like helps, as philosophy guides the development of this space far more than commercial interests, at least relative to traditional markets.. Anyhow, It's really not unlike traditional investing, besides requiring a disproportionately high understanding of technology, philosophy, and economics.. in addition to the unique nuances of the crypto space such as privacy, security, scalability, tokenomics, and more.. Objectively, there are business metrics that measure the performance of every protocol/chain such as TVL, volume, MAU's, etc., however these only represent the current performance. To evaluate the longevity of a project, one must study the tokenomics and how there is value accrual for the holders of the token in the form of governance, fee distribution, airdrops, and exclusive access to various services, among other things that may be project-specific. More importantly, determine how well it fits into the aforementioned idealized model, which ought be primarily driven by the philosophy of decentralization and security. If one knows how to invest in traditional markets and understand technology, it's a lot of fun.
I voted that bitcoin is going to zero btw.
Why is that? Isn't the world moving in a direction where more things can possibly be backed by BTC?
I'm kidding, I make my living passively off this space
There is like 2 trillion dollars worth of crypto out there useless. Instead of betting that 2 trillion will become 0, why not make something that helps people actually use that crypto for something useful? (Other than exchanging one coin for the other)
100% of the "success" of cryptocurrency to date is due to psychology, not any actual use case/solution to a problem/technology. Does that mean it's going to 0 because it's actually useless? Fuck if I know, psychology is unpredictable.
op how would you suggest someone really dive into a topic like crypto? i have tried in the past, but i don’t think i have any passion for the space, but i do see that i have left a lot of money on the table by not leaving and forgetting.
Just buy these and listen to Bankless. Here's where you should start: https://youtu.be/karddOiv4ZA
Op what coin you recommend, I am having tough time to follow crypto though i have invested in top ones. But due to job, hardly get time to get early into something like solana or ohm. Advice?
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Internet obviously supercharged a lot of things. What did blockchain do? All I see are promises
People said the same thing about Ethereum in 2015. Is it still just vaporware?
Pretty much, ya