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Showing posts with the label cryptocurrency

Trust and Conviction

cgsociety.org I heard a strange comparison between cryptocurrency and religion the other day. When we look at the number of people who invest a significant amount of their hard-earned savings into multiple blockchain technology schemes, we sometimes wonder what makes people place so much trust into something so intangible. How many times in the history of man have we seen promises of easy wealth through a yet another newer and more novel way to beat the system? How predictably have the bubble repeatedly burst when people, like rats, followed Piped Piper to the caves? Even with the knowledge of previous mayhems and follies, with their great reluctance to be detached from their world material wealth, the promise of multiplying their already burgeoning opulence is too much to resist. There is no central control, hence the lure of concealment. There must be a reason the Blockchain technology is cryptic. Is going to be so mysterious that everything may just go up kaboom into thin...