The naivety in the blockchain space frequently manages to blow my mind.
And I live in a country where many people admire neoliberalism.
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It's important to remember the industry has three main pop. groups, with some overlap.
- Teenage geniuses
- Autistic technologists
- Predators
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I don't even intend "autistic" in a pejorative sense, but you generally can't expect people on the spectrum to understand consensus reality.
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Teenagers are still mostly idiots, even if they have 4+ standard deviations of IQ on the average person, are hypereducated and billionaires.
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As for predators, they thrive on the naivety of others and do everything they can to create an atmosphere of stupefied awe.
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If you really want blockchain to succeed, the first thing you nees to understand is you can't educate public opinion away.
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We tried with file sharing, we tried with DRM, we have been trying for millenia. It never works.
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You won't get Bob and Jane to understand your space when Regius and Pontificus are flooding them with garbage sophistry. They don't care.
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If you want to be tolerated, you need to both offer something amazing to Bob and Jane *that they can understand*, and...
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... you need to make Regius and Pontificus an offer they can't refuse or they will destroy you. Utterly, unequivocally.
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If you think you rely on neither of those things to succeed, I'm sorry to say this, but you are a deluded fucking idiot.
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And you will be building tech to be exploited by the assholes you so foolishly chose not to fear.
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twitter.com/leashless/stat
Here, does a thread on what blockchain peeps can do to avoid the worst of the establishment bulldozer.
Quote Tweet
So the long anticipated ICO freeze is coming techcrunch.com/2017/12/12/sec is a good example of what's here now, and what's to come. I have three thoughts on this phenomena and how it's going to shape the markets as we go forwards into the regulated portion of the blockchain's future.
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