[quote=carlsbadworker]
Media makes no distinguishment between block-chain technology and bitcoin. My view is that buying bitcoin or any other crypto-currency is like buying dotcom names in the 1990s. Investing in block-chain technology is also like investing in e-commerce companies in 1990s. One of these will be Amazon, others will be like pets.com or webvan.com. But the technology will spread due to this bubble.[/quote]
Best case is blockchain tech does get picked up and somebody or a couple somebodies have something of value. Worse case it vanishes into thin air. Bit coin by definition sort of has an end to it. This is exactly like the internet bubble of 2000. It will be easy come easy go for the vast majority of people and a couple lucky/smart ones will get out unscathed. Most will loss their ass and be around in 20 years telling the next generation’s bubble seekers they are stupid for getting involved in X just like the 40 something engineers are telling the 20 something crypto fools they are going to get hammered.