Monday, July 17, 2017

Dotcom v. 2.0: Cryptocurrencies

I was on Kerry Lutz's show and we discussed, among other things, the Cryptocurrency market and how it's eerily similar to the Dotcom bubble.

None of them make money (because, they're well...currencies)
"New technologies" and fancy tech talk are the reasons they have value.
If you don't understand it, don't worry, I guess it's just over your head.

Oh yeah.   I almost forgot.

There's also 970 of them.

3 comments:

Anonymous said...

I have 2 btc and have picked up some litecoin miners on the cheap. I"ll keep you posted on how this goes.

Anonymous said...

It's worthless when the electricity is off.

Tucanae Services said...

Crypto is a case where the tech is more important than the current standing of the players. BitCoin will have a shot only because it has first mover advantage. Ethereum will probably be a player because they are more a platform to build a smart transaction system rather than just a coinage play. Everything else is probably a crap shoot.