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One thing I have been remarking recent conversations with other long-interested crypto-friends hasn't been about the price action, or about the drama, or about the lack of transparency on exchanges like Bitfinex -- but rather about the comparability of discussions today to those we were having in 2013. (Disclaimer: I attempt to avoid holding strong opinions in this space) There are certainly patterns in the environment (maybe marketplace) which are repetitive and reminiscent of the early days. Confusion around price is one. Two viscerally opposed schools-of-thought is another. One thing I think, though, that has suffered is the availability of information assessing the market structure or environment on it's merits/deficiencies without bias. This is likely hard to achieve, in general, but these days you cannot find reliable news without being sucked in to the swirl. Coindesk is pulling a CNBC-of-crypto, articles flying out every hour with opposing themes. I totally understand the model, captivating the audience, but it makes it hard to observe what's happening fundamentally (without having a grasp on the core narrative). I continue to follow, in a casual way, but as I said continuously impressed by how the environment remains young -- trends from '13 persist to '17 and probably '18 (still young!). |