In 1994, I was working for HBO at a low-level programming job. I had begged for the job and I wasn’t qualified but they gave it to me anyway because my boss’s boss’s boss was a fan of chess and he accidentally saw me playing in the park after I failed the interview.
My job was to get HBO streaming interactively on cable lines. Don’t ask.
I said to my boss, “The technology to do this is already done. It’s called the web. Why do I have to invent an entire new way to stream content?”
He said, “James. Calm down. The cable guys know what they are doing. This Internet thing is popular with academics but is just a fad.”
And that was that.
A) Cryptocurrencies are not a fad
Cryptocurrencies benefit from two 5000 year old trends.