Hey guys,
Do you all remember the buying frenzy in 2017 and how that bubble popped? Closest thing we've had since then is the pop last May. Let's recall the state of the conversation back then to reflect on now.
Back in 2018 as shit hit the fan: - we were promised adoption... But projects just kinda sucked back then. No one had cracked PoS yet even though big players were touting it as THE FUTURE. Cardano just felt like it was in development hell forever. IOTA was betting on robots doing everything and making microtransactions to communicate or some shit. And DeFi didn't really exist yet. Uniswap was advertising their decentralized exchange because everyone believed whales were manipulating everything and everything would be grand if we didn't need an exchange.
That's why winter was so long back then... Ether sucked, metamask sucked, chains all pretty much sucked or didn't exist. There was no products yet, we were all just praying that somehow someone would make Ether or an ether killer not cost your first son to purchase a crypto kitty.
Now look at things. DeFi is robust. Everyone knows what lending protocols do and trusts them. Tons of legitimate decentralized exchanges, indexes, derivatives, yield aggregators, betting protocols. Multiple viable L1 and L2 chains that are basically ready to handle massive volume. If you could go back to 2018 and show us what we'd have today, winter would never have been so damn long.
So now I'm just asking myself... Where will things go from here? What will the next two years look like? Not just from a "line goes up" mentality, but where will the tech be soon?
Here's a couple guesses.
-chains and phone apps will fight a beta vs vhs esque fight for standardization, hoping to become one of the select few apps accepted by most merchants.
- credit histories will begin to manifest, changing the dynamic of lending. (Maybe more?)
-governance will actually be worked out for lots of projects.
-NFTs will begin to be more than just dumbass pictures in ways that will blow our minds.
-CBDCs will start getting adoption, but their centralized nature will always keep classic crypto in the conversation.
-companies will start issuing stock as tokens on various chains. And we'll see the cryptoization of many standard products like lumber futures.
-I won't be a virgin anymore.
These are probably going to be the things that will shoot us right out of bear market blues, even if interest rates are high. I'm still incredibly optimistic about the future. We'll all make it boys, just keep your eyes open as tomorrow becomes clearer to see. (Ladies I'm single)
What else do you guys see coming down the pipeline that I missed?
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