This week, apart from my weekly explorations of Hacker News, I’ve read a few pieces about cryptocurrencies, NFTs, Blockchain, DAOs, dApps, etc. It’s been quite enlightening.
At this point, I’m pretty much sold on NFTs, especially after listening to this Indie Hackers podcast episode
. There are interesting ideas to explore, and I’m going to think about this in the coming months!
Regarding DAOs, I must say that I’m really far from convinced. I’ve read an excellent article
by Laurie Voss
that rightfully went to the HN front page. In this article, Laurie discusses the good, the bad, and the ugly of crypto in general, and DAOs in particular. It’s a great read, so go check it out!
Finally, while I clearly see myself gambling (there’s no other valid word) a bit of money in crypto in the short term, I think that Warren Buffett is wiser than older regarding Bitcoin and cryptocurrencies in general. As Warren said, investing in crypto is “buying something because you expect that the pool of people who want to buy it because they want to sell it to somebody else will grow. It’s wonderful because it does create a rising price. Does create more buyers and people think: I gotta get in on this”.
And while he’s right, it’s also true that we should enjoy it while it lasts. And the funny thing is that while some cryptocurrencies might crash violently at some point, others will probably continue rising, and the game will continue elsewhere, with some of the same players, and new ones. Is it funny or sad, I don’t know. But it is what it is.