This time in crypto reminds me of the web days in the nineties. We had WAIS/Gopher in early nineties that remind me of things like Paypal. Then we had HTTP/HTML Mosaic which, I guess, is akin to the rise of Bitcoin - open source, distributed. Like Bitcoin it was ubiquitously used by geeks but was largely unknown and unused by the general population. By the start of the mid nineties they all had heard of 'The Web' largely through stories in the press about porn and criminality.
Eventually, by mid nineties, we had platforms like navigator, opera, explorer which allowed interaction and scripting - these remind me of platforms like Etherium, Waves, Ardor, Lisk - however the real massive growth and disruption were the things running on those web platforms - like Yahoo, Amazon, Alta Vista.
Sasha Ivanov, of Waves, alluded to this in the context of cryptos when he said "We’re starting a new cryptocurrency and we don’t want it to be used as currency."
However, back in the nineties, people who invested in Intel, Dell, Netscape or Microsoft didn't get stupidly rich like the people who privately invested in Amazon or Google but they didn't do badly either.
So, my advice would be, pick good platforms like Eth or Waves but also look closely at what people are going to be doing on these platforms in future. It really does remind me of the mid nineties days of the Web - the negative mainstream press, governments panicking about legislation/regulation and the steady uptick of major players entering - like financial institutions with Eth and Waves and even Burger King! I feel we are on the cusp.
Well said. As for me I always felt FOMO about mid-nineties. There were so many opportunities to earn and make my own life better... and I did nothing. Nowdays I feel the same chance as then in nineties. As well as many people in crypto community around I suppose. But I don't agree with "I feel we are on the cusp.". I feel that we are still climbing to it.
