RE: War of the Worlds and Crypto. 1938 and 2018
Heh, this kind of segues out of our conversation a few weeks ago about fiction mirroring the fears of the populace. The alien invasion scenario would have been pretty potent at a time when fears about invasion by a foreign power ran high. Interesting that the radio reboot happened just a few years before WW2 and the last film reboot came out shortly after the invasion of Iraq. Hmmm... 😉
I think the crypto craze was fueled by a lot of residual anxiety from the 2008 financial crisis, with both the decentralized nature of the coins and their potential for outsize returns in a low interest rate environment contributing to the feeding frenzy.
My favorite part about this debate is that we’ll see a first verdict within the next decade. It’s rare to get closure on any kind of any kind of debate, so I’m looking forward to finding out who is right and who is proved wrong. I’m just along for the ride on this one - no real predictions of my own to offer here.
Hey, thanks for the read and great comment ;)
Great point, on the timing for the reboots of HG Wells' story, completely missed that parallel.
Also good point, on the crypto craze following less than a decade after the 2008 crisis, where so many lost so much and were feeling the need to be extra vigilant about taking personal oversight of their finances.
I honestly don't think that anyone can predict the future on this now, although the trends of FOMO3D and Augur and and ICO bull runs showing that the vast majority in crypto are feeding gambling tendencies, makes me wonder how this will affect its long term development.