RE: In Some Ways, Even 23-cent Steem Doesn't Look so Bad...
I just read this rather related post. The cheerleaders weren’t there when we lived the idealism back then.
https://link.medium.com/GowG97wftS
While I appreciate their passion, let’s not forget that many may even not have gone through the dotcom crash.
We’ll get there. But Satoshi’s white paper can at best be compared with the work done at CERN leading up to 1993. It took the Internet much more time to mainstream after that. Arguably until 2007 even.
And, of course, disruptive potentially totally profitable concepts are going to find lots of opposition, even more so if fiduciary duties bound by regulations prevent the big holders to buy in and make money from it.
The dinosaurs didn’t get extinct because they couldn’t fight. Or didn’t fight. They ruled and it took something outside of their control to extinct them.
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That's a good article, and I totally understand the sentiments expressed there.
I think it's part of the particularly western capitalist way of thinking that everything goes through a certain process: (1) the idealists come up with a great concept/idea (2) someone sees it and asks "How do we MAKE MONEY with this?" (3) uncontrolled exploitation happens.