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's treatment of the underlying technology to the point that we are going to have our own "No wireless. Less space than a nomad. Lame." 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'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'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't going to happen overnight but it'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's still building time. But don't assume it'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.