The key to understanding what to buy or sell and when to hold is to use the tools associated with assessing the value of open source projects. This has been said again and again but to understand the current crypto boom you have to go back to the quiet rise of Linux.
Linux appeared on most radars during the Dot Com bubble. At that time, if you wanted to set up a web server, you had to physically ship a Windows server or Sun Sparc Station to a server farm where it would do the hard work of delivering Pets.com HTML.
At the same time Linux, like a freight train running on a parallel path to Microsoft and Sun, would consistently allow developers to build one-off projects very quickly and easily using an OS and toolset that were improving daily. In comparison, then, the massive hardware and software expenditures associated with the status quo solution providers were deeply inefficient and very quickly all of the tech giants who made their money on software now made their money on services or, like Sun, folded.
From the acorn of Linux an open source forest bloomed. But there was one clear problem: you couldn’t make money from open source.
You could consult and you could sell products that used open source components but early builders built primarily for the betterment of humanity and not the betterment of their bank accounts. Cryptocurrencies have followed the Linux model almost exactly but cryptocurrencies have cash value. Read more from techcrunch.com…
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