fnew on Nostr: If you look back over previous #Bitcoin cycles, you find a lot of evidence that while ...
If you look back over previous #Bitcoin cycles, you find a lot of evidence that while history doesn't repeat, it definitely rhymes.
This time the waffle is 'tokenisation of RWAs'. We've had this before, with 'tomatoes on the blockchain' in 2017. Previously, we also had NFT mania, 'blockchain not bitcoin', metaverse tokens, AI tokens, you name it.
Sadly, 'the blockchain' seems to be THE most efficient vehicle ever for tokenising and selling absolute bullsh!t to unwitting investors.
All this will fall away, and in the end, at the start of the next cycle, #Bitcoin will still be standing, but likely knee-deep in the effluent from a cloaca of pitch decks, all attempting to sell you something, which you should studiously ignore.
Some examples of this madness:
https://www.bloomberg.com/news/articles/2017-11-09/the-internet-of-tomatoes-is-coming-starting-with-boston-salads
https://www.forbes.com/sites/jeffkauflin/2018/10/29/where-did-the-money-go-inside-the-big-crypto-icos-of-2017/
https://www.coindesk.com/markets/2021/12/31/here-are-the-top-10-cryptocurrencies-of-2021/
https://www.forbes.com/uk/advisor/investing/cryptocurrency/top-10-artificial-intelligence-ai-cryptocurrencies/
https://inc42.com/features/2021-in-review-nft-mania-and-the-celebrities-that-caught-it/
https://hacken.io/discover/rwa-tokenization/
https://www.coindesk.com/consensus-magazine/2023/06/26/step-aside-blockchain-technology-imf-and-bis-have-a-new-buzzword-to-peddle/
This time the waffle is 'tokenisation of RWAs'. We've had this before, with 'tomatoes on the blockchain' in 2017. Previously, we also had NFT mania, 'blockchain not bitcoin', metaverse tokens, AI tokens, you name it.
Sadly, 'the blockchain' seems to be THE most efficient vehicle ever for tokenising and selling absolute bullsh!t to unwitting investors.
All this will fall away, and in the end, at the start of the next cycle, #Bitcoin will still be standing, but likely knee-deep in the effluent from a cloaca of pitch decks, all attempting to sell you something, which you should studiously ignore.
Some examples of this madness:
https://www.bloomberg.com/news/articles/2017-11-09/the-internet-of-tomatoes-is-coming-starting-with-boston-salads
https://www.forbes.com/sites/jeffkauflin/2018/10/29/where-did-the-money-go-inside-the-big-crypto-icos-of-2017/
https://www.coindesk.com/markets/2021/12/31/here-are-the-top-10-cryptocurrencies-of-2021/
https://www.forbes.com/uk/advisor/investing/cryptocurrency/top-10-artificial-intelligence-ai-cryptocurrencies/
https://inc42.com/features/2021-in-review-nft-mania-and-the-celebrities-that-caught-it/
https://hacken.io/discover/rwa-tokenization/
https://www.coindesk.com/consensus-magazine/2023/06/26/step-aside-blockchain-technology-imf-and-bis-have-a-new-buzzword-to-peddle/