Despite #crypto's recent noise, it's still the diehards.
It's just >10x the diehards we had in 2016.
It's hard to be adequately prepared for what comes next.
It's just >10x the diehards we had in 2016.
It's hard to be adequately prepared for what comes next.
Once this enthusiasm expands outside the diehards and a mainstream-flywheel gets going, expect the full-blown mania to be >10x what 2017 was. Exciting and terrifying.
I use 2016 not just because it fits the 4-year halving-cycle that pattern matches with 2020, but also because it was a great year of experimentation in #crypto, mostly out of the limelight.
One of the most mind-blowing events of 2016 was #TheDAO, which amassed funds worth >$150M.
In 2020, @compoundfinance & @BalancerLabs have blown our minds with launches that placed fully diluted valuations in the 10x-range from #TheDAO.
And they are much more sturdily built.
In 2020, @compoundfinance & @BalancerLabs have blown our minds with launches that placed fully diluted valuations in the 10x-range from #TheDAO.
And they are much more sturdily built.
We ended 2016 at ~$18B in total #crypto network value.
At $345B in current network value, we're currently ~20x the value at stake.
At $345B in current network value, we're currently ~20x the value at stake.
Ground yourself now; speculation cycles have accompanied promising new technologies for hundreds of years.
While no one can quite control them, we can control how we react, present, educate, communicate & steward the space.
While no one can quite control them, we can control how we react, present, educate, communicate & steward the space.
