50 million People worldwide are somehow involved into Crypto. They log onto Binance once every 3 weeks. They follow Crypto related accounts on Twitter, YouTube. Are involved into Telegram Groups or shitpost. They know the basic terminologies of this "sphere" and base their knowledge on hearsay. They only interact with the technology on the surface layer: UX/UI. Sending tx/s back and forth frow Hardware Wallets and Exchange Interfaces. The vast majority are probably more or less technical inclined "normies", to put it into the lingo of this board. After all they all are Gen-Z and early millenials that are exposed to internet since their early age and pressing some buttons on a asian crypto currency doesnt really exceed the difficulty of setting up a Instagram Account.
The point is: all these millions of people involved currently bring nothing to the table, atleast nothing outstanding in the grand scheme of things.
Bitcoin's Innovators (2009-2015) had skin in th e game and therefore got rewarded.
When studying Bitcoin cycles you discover one thing: The last Cycle topped at December 4th 2013 at ~$1130; the subsequent bottom was in at the January 15th 2015 at ~$170. It then made a rally from this exact early Jan 15 to $10.000 in October 2017 without the general public noticing it. Only then it entered maniaphase for 3 months with the mainstream involved.
How likely is that going to happen know with all these people involved in it? Just imagine the possibility pumping to $10k. It would excact continue the maniaphase with all and everyone screaming again.
2019 and the possible Mt Gox sell of could potentionaly break the will of the majority people left. And thus go for another traditional cycle.
But this probably unlikely - it is not deniable that it hit some kind of mainstream during the last bubble.
We are in a point of no return and thus applying old characteristics of old BTC bubbles on future price outcome makes no sense anymore.
did you write this or is there a sauce? Pretty interesting BTW, for Jow Forums at least
Andrew Evans
You make posts like this as if Chainlink doesn't even exist - as if it doesn't represent a whole new category beyond digital store of value.
Lucas Howard
based Talebposter
Brayden Sanchez
This was written while he was sitting in a box (room), on a box (computer), was printed in a box (book), and now the quote is inside a box. Reductionist much? I like the guy but this ain't him at his best.
Jeremiah Gomez
the "mainstream" is the media. as long as the media says its good, its good.
Christian James
>Telegram Groups Kek
Tyler Lewis
Taleb when are you going to do an AMA on Jow Forums. We love you here and we know you lurk. I want to hear some inside stories about fat tony and David Blaine. The good shit you didn’t put in the books
Tyler Adams
Bro 7,000,000,000 people > 50,000,000
Aaron Cook
>all these millions of people involved currently bring nothing to the table, atleast nothing outstanding in the grand scheme of things. nobody brings anything to the table anywhere in the grand scheme of things. if this guy could get his head out of his small intestine for a second though he would have realized that crypto has the highest concentration of intelligence/wealth of any investment class at the moment. blythe masters is a good example
Hunter Wilson
Buttmad December buyer detected
Austin Phillips
The Power Law applies to everything. Never forget
Dominic Lee
You need to add got drunk with random strangers from Jow Forums to your next book. I live in queens and I’d get drunk as hell talk shit and break things with you any time. There’s even weights in my building for the obligatory drunken deadlifting
Carter Reed
I have doubts about the current state of crypto involvement. I mean, I'm involved, I hold some shitcoins. But I definitely wouldn't say I've adopted the technology. I haven't ever bought anything with bitcoin.
Josiah Martin
Well, 50 million people isn't a lot. It's literally the size of the playerbase of some popular video game nowadays(fortnite probabky has even more than that lol). And I think that's the problem, people just aren't interested enough in cryptos. Even after 10 years. Especially in the west. And why would they be?
Oliver Lopez
>I haven't ever bought anything with bitcoin. Damn dude. You should give it a shot. It's kinda neat.
Mason Richardson
its way more than 50 million. every single news station, twitter fag and facebook mom in the world was shilling crypto in december-january. its probably 100-300 million people. coinbase has 13 million customers alone, and thats mainly just comprised of Americans.
If you consider the fact that interest in Asia and Nigeria was several factors higher than the US, you realise a huge huge amount of people got in.
Asher Lopez
>I haven't ever bought anything with bitcoin. its much easier than buying with a credit card. just scan QR code and send. ive bought stuff from shady/small sites with it that i never would have bought if i had to enter my debit card info.
Anthony Ross
Retards. Crypto hasn't even begun. Its mathematically guaranteed to beat its high in the next 10 years.
Gabriel Anderson
You’re not involved
Anthony Reyes
>specific events >in the future >mathematically guaranteed
You are the retard fren :^)
Gavin Thomas
Based Taleb. Loved your foreword in The Bitcoin Standard.
Brody Gutierrez
Digital decentralized currency is the future. I'm buying more crypto.
Joshua Walker
>The point is: all these millions of people involved currently bring nothing to the table, atleast nothing outstanding in the grand scheme of things. they bring dumb money. it's something.
Jaxon Richardson
If you do so thinking it is a future certainty that you will get roi then you are a fool. Crete lost written language for hundreds of years after minoa and barbarian immigration. Just because something is better doesn’t mean it wins.
Joseph Turner
Dumb money is worse than nothing. It’s negative value because it is less rational. Investors learn to bet against it.
James Hall
Scanning a qr code is actually easier than punching in card info. When I do it, I almost feel like an elderly boomer with how autistic I look.
Nicholas Cruz
How is it different from regular erc-20 token smart contracts? I see a lot of buzzwords flying around for the most part
Eli Cook
>it is not deniable that it hit some kind of mainstream during the last bubble.
its always been in the mainstream you fucking newfag
Tyler Lewis
Yea I don't know man, I'm pretty sure most eurocucks buy from coinbase too. At least that's my experience as a nordic eurocuck.
really showing how new you are. bitcoin has had mainstream news coverage since 2011.
Gavin Murphy
Buzzword is such a terrible buzzword, all it means is "I can't be assed to learn this terminology because it doesn't sound right to me". Sometimes you'll need new terms to describe new things.
