It’s not still the early days of blockchain
A few months ago I agreed with her entirely. Tether is an unbacked fraud and NFTs are being front-run [1, 2]. The mid-level marketing Ponzi vibe is crazy. The latency of applications on the blockchain is atrocious. But more recently after learning from and interacting with people building in the space my assessment changed. There is an interesting intersection between tech, communities, and economics.  There exists a transparency in the open-source code of smart contracts that will disrupt the current gatekeepers like the internet did.<p>Certainly, there are problems, but some things will live beyond the crash that is coming and change things in ways no one can be sure of. The internet started in the 1960s and was opened up commercially in 1989.[3] It feels like we are somewhere between 1995 and 2000. The energy feels similar with people trying to shove old paradigms into a new world, vaporware companies, and insane investments. I don’t think we’ve seen the top and it will likely make the crash of 2001 look small by comparison. I may be wrong, but if I’m not, it still is early.<p>[1] <a href="https:&#x2F;&#x2F;bitfinexed.medium.com&#x2F;tether-is-setting-a-new-standard-for-transparency-that-is-untethered-from-facts-deec42c473bb" rel="nofollow">https:&#x2F;&#x2F;bitfinexed.medium.com&#x2F;tether-is-setting-a-new-standa...</a>
[2] <a href="https:&#x2F;&#x2F;twitter.com&#x2F;Foone&#x2F;status&#x2F;1457749433844568066" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;Foone&#x2F;status&#x2F;1457749433844568066</a>
[3] <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;History_of_the_Internet" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;History_of_the_Internet</a>