I agree but none of that has anything to do with bubbles though.
I think we are talking about different things - such bridges will ensure long term stability in crypto but they aren't going to do anything about people investing recklessly in vapourware projects.
I know because I have been one of those people in the past.
I'm not sure; Crypto-world is a complex world with little solid information and due dilligence. When Crypto-world become bigger, much bigger, more independent investiagtors and researchers will provide better guidenance in what is risky and what not. Same as in the normal world's financial sector. Crypto-world is simply to small to be relevant for such independent parties to spend time and resources to try and create risk analyses on any existing coin as well as new coins and initiatives.
Again I think you are misunderstanding me - please do some reading on historical market bubbles.
Market bubbles are everywhere. Crypto could be one of them. When not adding value such as in real services around the coins, they will at some point burst. Those who manage to create real services arround it will have a chance to survive. If those coins are currently overvalued, that is the question. I agree that when no real services are added, Crypto-land is in a bubble, since most coins do not havr any value ie services that make use of the coin.
Yes I agree and that is the point I am making - I think we were misunderstanding each other before.
Those projects that have a sound basis will likely survive but it may lead to tough times and some may not make it.
Even some good web companies were destroyed during the post dotcom bubble era because of the overall contraction in the market that was a direct reaction to it.
Agree! Crypto will have to consolidate. Nobody in the world will want to end up with 10s to 100s of different payment coins; contract coins; loyalty coins and what not. It is either consolidation by integration or bankrupty/implossion of many coins out in the market. Those who make it, who survive are those with bridges build to the normal world since the normal world will still be dominant for a considerable time :)
Yes agreed.
It has everything to do with this bubble. If there is no stability of the underlying token, and no places to get low risk interest, and no easy way to spend the token in the outside world, well what else is left?
If you have ETH one of the few things you can do for it to earn more is ICOs. You don't have the ability to buy real estate in the real world with it, or buy real shares in real companies with it. You can't really do much anything except what people are doing with the ICOs.
Cryptos are not investing time and money to get their currencies into the real world.