The events of those times long past capture the same problems of information asymmetry and irrational speculation that leave many seasoned observers concerned about this moment. The South Sea Bubble, the Mississippi Bubble, and Tulip Mania were
The events of those times long past capture the same problems of information asymmetry and irrational speculation that leave many seasoned observers concerned about this moment.
The past 50 years are full of them: the Segway, Google Glass, Betamax, the Concorde, to name a few.
You could ask similar questions about other sectors of the crypto industry that attract significant speculation but also represent potentially powerful, cutting-edge ideas.
History suggests that naysayers like Nouriel Roubini who scoff at the hype and speculation in crypto communities could be blind to the major transformational moment that underpins it.
But it equally offers a warning to crypto enthusiasts: don’t get lost in the hype; create something that lasts; build something that matters to everyone.
