> It’s the biggest wealth producing opportunity of the next decade or two and HN doesn’t get it at all.
It HAS been the biggest wealth producing opportunity of the LAST decade , along with Bitcoin.
They are now both priced for world changing paradigm shift and perfect execution doing so. Which means that there is no wealth producing opportunity at all considering that you need everything to pan out great just to mantain the current valuation.
Also everything is an S-curve and once you arrive to 750bn (or whatever they crypto-marketcap is) there is physically nowhere to go to from there.
Distributed applications running on chain have literally just started. Enormous opportunities there.
Already multiple huge apps such as: Uniswap, Opensea, MakerDAO, Compound, Balancer, Curve. A lot of small stuff that could grow like Opulous. Lots to be built. Huge field of opportunity.
They are all priced for perfection. Meaning priced for complete replacement of the legacy financial system. If it happens you get to keep your money, if it doesn't you lose them all.
You can't make money by betting on something with a valuation of 800bn which is the cryptospace.
The cryptospace as a whole you cannot make money from anymore, the only thing you can make money from is betting that the marketcap of old coins such as BTC will flow into new coins such as ETH.
But that if you are gonna do that, then it's better to just do it on the stock market, by betting on new companies replacing old companies and taking their marketcap
The time to invest and also build is when new people and new money are coming into the game , not when everything is cooling down and the early winners enjoy their lead.
2014 was not the time to build a social media company, it was the time to build a social media presence.
It HAS been the biggest wealth producing opportunity of the LAST decade , along with Bitcoin.
They are now both priced for world changing paradigm shift and perfect execution doing so. Which means that there is no wealth producing opportunity at all considering that you need everything to pan out great just to mantain the current valuation.
Also everything is an S-curve and once you arrive to 750bn (or whatever they crypto-marketcap is) there is physically nowhere to go to from there.