How to Force Your Way into the Blockchain and Cryptocurrency 1%

Everyone wants to be the first to know, do or discover something. Hardly anyone wants to take the time to appraise that new thing before carelessly applying it in a manner which causes more problems than good.

This innate human desire leads to mania and overreaction. Cryptocurrency and blockchain are as revolutionary an invention as any in human history. Their problem has arisen from a fundamental misunderstanding of what the technology is actually for, capable of or how it can be used.

The dot com bubble burst in the early 2000s eradicating innumerable projects which had raised a level of capital that was previously unheard of. The reason the bubble existed was two-fold:

1. Money followed money and greed governed the minds of many looking to make a quick buck — of course, that rarely works
2. The levels of innovation in these companies were effectively 0. Instead of using the technology in a way that achieved things that were previously impossible, people picked the low hanging fruits and replicated the analog world in the digital universe

The replication phase of any revolutionary technology leads to the crash and burn of the industry before it has even been created. Speculators bail in spectacular numbers and the crash leads observers to…