Why I'm Long on Blockchain

This 1995 article " Why the Web Won't be Nirvana " from Newsweek is easy to poke fun at from the rearview 24 years later. Read through, lots of [respectful] belly laughs. The "Cyberbusiness" section is particularly fun. From a world of @Amazon defining changes in online and brick-and-mortar #Retail to now mainstream second & third generation airline ticket buying. Gee weren't they foolish? Hardly.

#Internet like #blockchain creates new business models that are outside of traditional business. It's often hard to draw a straight line to understand where adoption and revenues emerge. It takes time and the ability to create a luxury business (where one has time and resources) to invest in creating the New Normal.

After 30 years of investing in and launching edge technologies, I see a constructive disruption in current markets. Blockchain's ability to rewrite the exchange of value (financial, digital), settlement and payment occurs is equally hard for some to fathom. Costs are coming out of legacy processes such as title transfer, to logistics to building secure digital identities and getting us out of the password #EpicFail. That's why Pithia, Inc. continues to invest.

What do you think? Blockchain boom or bust?