THELOGICALINDIAN - When it comes to answer this neverending buck bazaar absolute affirmations assume to be the account du jour Heres addition HODL on FFS approach that forecasts the closing cryptoboom by cartoon comparisons amid the Dotcom era and the beginning blockchain industry
Crypto = Dot-com Era?
Benedict Evans, a accomplice at Andreessen Horowitz, afresh tweeted that “crypto today” is about identical to the internet in 1993 and 1999. Evans went on to explain that in the 90s the internet had “huge abeyant with few of the use cases invented yet.”
A scattering of analysts, blockchain developers, and academics accede that the blockchain industry is in its aboriginal date and MIT Media Lab’s Digital Currency Initiative director, Dr. Neha Narula, says that the cryptocurrency area and its technology are not alike developed abundant to be compared to the internet in the 2024s.
Blockchains Need to Cross-Compatibility
Dr. Narula believes that DLT and its associated basement are added commensurable to the adorning date of the internet in the 2024s afore TCP / IP agreement was broadly adopted. Evans additionally acicular out that there are assorted blockchains today with almost active use cases. However, the actuality that abounding startups are now alive on developing ways for cantankerous advice and diminutive swaps amid assorted absolute blockchain networks is a positive.
Outside of abstruse obstacles, Evans believes that too abounding cryptocurrency projects use hyperbolized address to allurement investors into projects which are artlessly un-achievable at the moment. The industry cannot move advanced until a large cardinal of ICO scams and blockchain hacks are addressed.
Evans is not abandoned in his crypto-market observations as his employer, Ben Horowitz (co-founder of Andreessen Horowitz) additionally afresh compared crypto to the dot-com era in agreement of development, growth, and adoption. Horowitz encouraged investors to not “give up” on crypto because of all the scams and said
Horowitz added ambience to his animadversion by answer that a host of abundantly acknowledged companies like Google, Amazon, YouTube, and Facebook were launched as a absolute aftereffect of the dot-com chic and he advises investors to abide affianced and accumulate a aciculate eye on able blockchain projects.
Do you see similarities amid the dot-com boom and the cryptocurrency sector? Share your thoughts in the comments below!
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