Quote:
Originally Posted by Tiger
A) I want to point out I really enjoy the discussion going on in this thread now
As for quoting this post. the fact that Walmart is using this for invoicing and logistics means it will probably be adopted by most companies in the future and say it just supply chain it effects then that is huge already. But it’ll will get into much more.
It’ll likely be huge in online gaming same with NFTs. Again another huge market. It is really something that in 20 years will be a technology in most things but it will be behind the scenes
|
This exemplifies how blockchain is a
tool, not an
investment.
It is just like the dot.com craze of 1999. The World Wide Web! was the coolest technology going, and it was going to make people rich! Pet.com quickly became a billion dollar company, as did many others like it, because people thought that whoever utilized the internet was going to win.
But the problem with that is that the technology is available to
everyone. And it is the
best companies that will do the best job of utilizing that technology, not simply the first to make use of it.
And as the technology becomes more usable, and more ubiquitous, it will become more and more apparent that it is in fact, simply a tool, just as the internet is simply a tool. And investing in companies simply because they use that tool, is a fool's errand.
I suspect that the whole crypto/blockchain market craze will end the same way that the dot.com craze did.