EDIT: I’m not saying most people should deep dive into the tech. I’m saying that people who don’t understand the tech shouldn’t be playing “bigger fool” games over that tech (I’m not talking about hodling, I’m talking about active traders who, in their current proportions induce chaotic price behaviors that could have been avoided.)
Trading is important, but when it come to proportions you want more interest in technology rather then traders and not the other way around.
Randomly selected human: “Should I build something in the new world? Nah better play bigger fool games”. And that’s how you get google-link nft culture, all sorts of avoidable bubbles and FUD vulnerability. Well, unfortunately many people will suffer instead of prospering financially due to “””human nature”””.
I’m not saying “This or That is better for YOU”, I just know one thing. That this whole industry is life-breathed by a “handful of geeks” while constantly being judged as “bad/good”, “cheap/expensive” “will-survive/will-lose”, “some-layman’s-opinion/other-form-of-nonsense” by the vast majority who combined knows the least in the industry they create huge financial waves in.
Throwback to 2011. Silk road. Bitcoin despite being trackable is used as the darkweb currency because governments can’t control the transactions. Boom, crypto won, game over, can’t be practically stopped while in infancy. The rest of the events upto and including the present and the near\* future are miscellaneous from between when crypto won life to technological singularity. But who cares about that though? People care about “red graph sad meme green graph happy meme” and to out-trade their fellow men. I’m not trying to be inclusive, just to pass on my point, and maybe if a single person develops a more encompassing point of view due to this post then that’s awesome =)