Crypto had a great 2017 with huge gains, while this was great for the space it also brought in lots of people who were only here for the money and not the tech. 2017 was a banner year and that was the peak of the crypto hype, you had your celebrities talking about it, you had your huge news articles talking about it, everyone was talking about it. It was like a wild west, you had your cowboys and your miners, your traders and your speculators, it was a big time for the space.
Fast forward to 2021 and we see crypto in a much different state. We see huge restrictions on withdrawls and KYC, we see companies trying to make their own version of crypto, people are much more skeptical and cautious about investing in crypto. The space has changed and moved away from what it once was. It’s become less about the tech and more about the money. We see more and more people who are just here to make a quick buck, and the news is always about the next big thing. Gone are the days of the crypto evangelists and the sense of community, and it seems like most of the focus has shifted to profits and money.
I think the crypto space has gone backwards since 2017, while we have made some progress in terms of adoption and technology we have lost the sense of community that was so strong back in 2017. We have more restrictions and less freedom, we have more people who are just here to make money and less who are here to move the space forward. We have more news focused on the money and less on the tech. We have more speculation and less innovation. We have more companies trying to make their own version of crypto and less focus on pushing the boundaries of the space.
So there you have it, my plea that the crypto space has gone backwards since 2017. Do you agree or disagree with me? Let me know in the comments.