By: Denise Simon | Founders Code
It is a new term for alternative tangibles or intangibles of value but they have been around for centuries. Perhaps we are just fearing the unknown or rogue/fraudulent activities in instruments of value and the volatility of that value. Okay, that part is a good thing for sure. But give competition what it deserves, a chance.
John Berlau did an exceptional job with this summary and after having an extended chat with Mr. Berlau, there is more to come on the topic. Meanwhile, enjoy his synopsis. Your comments are invited.
Why Speculative Consumer Goods Are Not “Securities”
Many questions are being asked about cryptocurrency. Is it a major innovation that will improve standards of living in ways we cannot yet imagine? Or is it a trendy phenomenon that will result in a speculative bubble of volatile assets? The answer to these questions may be: both of the above. New technologies have often produced bubbles that result in large disruptive busts. But after the bubble has burst and the dust has settled, the benefits of the innovation survive and lead to new, unforeseen benefits.Continue reading