What is going on?
Over the last week a new article has come out featuring suggestions by Peter Mallouk the chief and founder of Creative Planning. My interpretation is the article basically says: Bitcoin bad - Blockchain Good.
Like all things in life, a second opinion can be extremely valuable. It seems that we have opposing points of opinion in place. Nothing to be surprised about, it just depends on your perspective and what your vantage is giving you.
For example, when you think about the answer to 1+1, what do you come up with? Is it 2? Sometimes it could be 1.59 to 1.99 and some will still round up to 2. Make that a factor of a million and 1 + 1 is definitely something other than 2.
I think the same holds true here.
Bitcoin to $0?
It was over a year ago or so, where I saw another article by Peter Mallouk that talked about how Bitcoin will ultimately end up at zero.
The examples of currencies traveling the rags to riches road throughout history show that very situation can appear. And I don't think about it from a Nostradamus viewpoint. Rather, I don't think we are there yet. Blockchain is a critical link in future of many activities beyond the currency space.
Right now though it seems to me that we are still in the Bitcoin haze until one of a couple things happen either independently or together.
I find it difficult to believe that the biggest regulatory and corporate entities would sit idly by and let an unregulated option continue.
That being said, until there is a better alternative to Bitcoin - Keep Calm and Carry On
Change in Consensus or Stake
Sometimes the perception or thought of what is happening, needed or in motion is different than the reality. We see it all the time. Equity stock investing, politics, even carrying out justice on many levels.
So what will it take to turn the ship in the adoption, use and utilization of blockchain currency solutions?
Over the last year there has been a few different interesting nuggets that keep me thinking that progress is being made. For every Peter Mallouk, there is a Paul Tudor Jones announcement that highlights acceptance at least on the investment level.
So whether someone has a stake in the outcome or there is broader consensus about need, direction, and activity, some combination is needed.
While this is not optimal or desired. The highly polarized environment that is on display around the world in politics, finances and business will yield an outcome, whether we like it or not.
As the pendulum swings from side to side, change is the denominator in a world seeking consistency.
So Now What?
One of the huge positives that I see day in and out on Publish0x is a group of contributors that for the most part are working in a collaborative way, sharing content and lifting each other up. The spirit of use and development of a decentralized nature are complex and potentially ultra in trajectory.
So now what? What is it that we really need to be doing? I'll put two opinions out there and land where they may.
1. As the pendulum ebbs and flows, just ride it back through. No need to get stuck in one extreme or the other.
2. Add a little compassion to your command line. This isn't the woo-woo solution to make everything hope and pixie dust, rather if you have the option to look at a situation through a positive or negative lens. Pick the positive.
We all have our own flare and approach. Use yours to good by those around you.