The core debate is rarely on the merits of blockchain technology but mostly which stage of the adoption cycle we are in
Stage 1, speculation: Bears believe the market is being driven by a get-rich-quick mentality with little to no real adoption by end-users. So the bubble will pop at some point. But, after a painful period, we will eventually reach stage 2
Stage 2, institutionalization: Bulls believe the largest technology companies and financial institutions are committed to pushing blockchain applications to their captive user bases. The push will bring millions of net new users to the ecosystem, and we will hit critical mass, which will lead to stage 3
Stage 3, mainstream adoption: Bulls believe end-users are already using the technology in their everyday lives. Now we are just dealing with growing pains, such as bringing regulations up to speed and fixing technology scaling problems
Disagreements create healthy, two-sided markets. It helps to clearly lay out and internalize the positions for each side
Which camp are you in?
Disclaimers: http://bit.ly/p21disclaimers
Not any type of advice. Conflicts of interest may exist. For informational purposes only. Not an offering or solicitation. Always perform independent research and due diligence.
