So, now that the bubble is bursting, can Fuzz and I say "I told you so!"? Billions of dollars lost to hacks, hundreds of billions in dollar value evaporated, and we've not hit bottom yet. Some currencies are now effectively worth zero - zero in stodgy old fiat US dollars, that is.
It might sound like I'm gloating, but it makes me more sad than glad - the resources wasted on the 21st century tulip craze could've gone just about anywhere and been more useful. There are people out there who moved all-in on the bubble and are now facing ruin, and you can only hope that this time the lesson sticks for more than a decade or so. Though it won't.
__________________
Better educated sadness than oblivious joy.
|