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RE: 7 Thoughts On Blockchain, Cryptocurrency, & Decentralization After Another Three Months Down The Rabbit Hole
Yeah, I think it's way more likely that the large investors are going to refer to experts, which are most likely going to be bitcoin maximalist or they will learn to become cypherpunk themselves. You don't buy into a new asset class to turn it into the the same old failure. I'm looking at you Segwit2x ... a Corp takeover attempt.
I will give this guy who wrote the article credit...for a financial guy, he at least has a clue about what he is talking about when it comes to the technology. I dont know, maybe he did it in other posts on there, but I noticed he didnt use the term bubble. This guy knows full and well the bitcoin train is just getting started.
BTC wasnt phased by BCH...BTC isnt going to be phased by BCG (or whatever they are calling it) and it wont be phased anything else that tries to fork it.
He is right about the feedback loop....stated a little different, the developers take a blockchain and start creating some cool stuff on it which gets the attention of entrepreneurs who hire other developers to create more cool stuff which starts to get the price, garnering publicity, which attracts the speculators who push the price up higher (and more attention) which draws in more developers.
Same basic premise, the Wall Street guys are going to bring a lot of attention to this space, especially bitcoin.