A year ago Bitcoin and other cryptocurrencies were selling at record prices, with a combined market value of around $3 trillion; glossy ads featuring celebrities — most infamously Matt Damon’s “Fortune Favors the Brave” — filled the airwaves. Politicians, including, alas, the mayor of New York, raced to align themselves with what seemed to be the coming thing. Skeptics like yours truly were told that we just didn’t get it.
No doubt I’ll hear from many people still insisting that I don’t get it. But it really looks as if there never was an it to get.
Source: Opinion | Blockchains, What Are They Good For? – The New York Times