I remember the time when I used to apply for the Frontend developer jobs in some of the tech companies. And I used to get a lot of calls from the blockchain startup founders and the HR recruiters who used to pitch the role. I used to attend those interviews to understand if I could fit myself into their company. Over a time I realized a lot of them are nothing but a bubble.

Global recession every 10 years filters out a lot of bad ideas from the market. A lot of bad financial actions are often controlled using the hyper liberal views and the leadership in the world. But hyper liberalism requires a lot of funding for it's thought propaganda. Remember the Remote working propaganda? Now everyone in tech is just against it to reclaim back their health and talk against it.

Since 2015, the blockchain industry too has gone through a bubble due to the hyper liberal community in tech being busy trying to put idea bubbles in the hope they can build ecosystem around it. A lot of them created the idea of "Universal basic income" without even traveling in countries which are overpopulated in small places. Yet they continue to put out ideas and trying to push them on the world as if they are ideals worth following.

Here are some of the ideas that would get knocked by Global Recession.

Tokens with Zero Utility & No Accountability

A lot of tokens are created in the market. They literally have zero value. And the rich people pump them out to get the attention of public and make exit once the public starts to invest into it. Coins that promote with "women empowerment", "girl boss" and "save the kids foundation" type tokens have shown signs of pyramid scheme and a lot of them have ran away overnight.

Does your token has corporate structure? But does not have utility value? Expect such type of the coins to go away or become scam eventually. You are going to find a lot of facts to support that such type of the tokens and the coins are nothing but scam and don't help the community anymore. So people will learn to get out of such type of the tokens and let market take care of their downfall.

Blockchains with Agenda

Let's admit the fact that 90% of our funds given to charity never reach the cause. This is one of the reason Africa and Asia never managed to solve the water, food and the tribalism problems by taking the funds from the 1st world. Middle men always eat up the charity funds. Imagine what if Social Justice gang is doing the same to the society just like they did while supporting Amber heard type people while gaining funds too? But eventually society wakes up and and people like Johnny depp get justice. But it gets too late for some of the things to happen. Same applies with blockchains who have social justice agenda.

People will walk off such fake narratives in the society and think for their own instead of standing up for some left propaganda. Those tokens, those blockchains etc would eventually gets buried when the whales wake up to see the reality. You can hate me for writing this but facts are out there. Woke generation that survives on the funding, donations would eventually won't able to sustain the blockchain's token based culture either.

In future we'll go to the Moon

Have you seen shark tank? Where a lot of pitchers ended up saying - "You missed a good opportunity". All the unproven concepts have to say this in order to fish an investor into their pitch. Blockchain has a huge bubble where people are being sucked into. Like some of the basic concepts of the blockchain are cool. But blockchain creation by itself does not remove poverty, does not get gender pay gap reduced, does not make women girl boss, does not stops discrimination.

All of those claims by the blockchain startup pitchers are nothing but a lie. You have to understand that those pitches for any blockchain didn't come true. Sure Ethereum and Bitcoin has done some changes in the tech. But none of them have done any magic. People in grass roots continue to be where they are. In case of tech you have to adopt it to change your life and not vice versa.

Just because a coin says - "to the moon" does not mean you would get there in numbers. Global recession has proven otherwise. A lot of tech startups are often designed as exit-lies. Where the pitch is made to get the investors engaged into long term investment and the founders quit after some time without any burden. Until the regulations kick in those small things world just doesn't improve.

And yes, we did this to ourselves by "Misbehaving" in the market.