Crypto Market Crash Leaving Bankrupt Startups in Its Wake
I think everyone can agree that cryptocurrency got way ahead of itself but HN almost seems Luddite in it&#x27;s treatment of the underlying technology to the point that we are going to have our own &quot;No wireless. Less space than a nomad. Lame.&quot; moment that people will link to for years to come.<p>The underlying technology is actually pretty worthwhile. Ethereum is providing a base layer protocol for apps that never go down, never fail, and are fully trusted. That&#x27;s something that future generations will take for granted but HN is largely ignoring right now. Even Google goes down (sometimes once or twice a month). Take a moment to imagine a few of the things you could do better if you had 100% reliable hosting that was safe and private. And basically free. (Either the user pays a penny or two when using your app or you pay a penny or two for each user).<p>You wouldn&#x27;t look at the internet in the early 90s and say it was useless because all it does is carry short messages on Usenet which take a while to appear. The tech was being improved. Those short pieces of messages evolved into images and then later video and now we have the internet of today. This isn&#x27;t going to happen overnight but it&#x27;s going to happen faster than the improvement of the internet since Ethereum is just software and no hardware needs to be rolled out.<p>Go ahead and ignore it right now. It&#x27;s still building time. But don&#x27;t assume it&#x27;s useless or beanie babies. In a few years the layer 1 protocols will be good enough for something useful and I would bet that we see something truly unique come out of the blockchain space that we never before knew we needed.