Wednesday, February 14, 2018

Blockchain technology has not achieved much

"Conventional wisdom that Cryptocurrencies may crash but that the underlying technology, blockchain, is great & useful is still unproven. Most overhyped & underachieving new technology ever; it still has to deliver a single killer app."

"Blockchain is the most over-hyped technological innovation ever : a shaky solution looking for a problem that may not exist as intermediaries are necessary and evolving to sharply reduce transaction cost even without blockchain."


via twitter

Monday, February 12, 2018

Bitcoin the mother of all bubbles

"Bitcoin is THE biggest bubble in human history by a factor of 10X." 

"And the US Hearing on cryptoscams is only a day away. So a $5K handle looks highly likely unless the crypto-manipulation gangs starts pumping and dumping or wash trading again. So HODL nuts: be ready for a 75% loss from recent peaks."

"HODL nuts will hold their melting Bitcoins all the way down to ZERO while scammers and whales dump and run..."

"I have ZERO financial stake in any crypto-currency, ICO or blockchain business, either short or long or otherwise. Not talking my book like the thousands of conflicted, manipulative self-serving crypto insiders do."

via twitter