The Juicero situation points to something horribly wrong with the venture capital industry. I suspect there are big implications to this story that relate to how Blockstream got so much funding.
https://www.reddit.com/r/OutOfTheLoop/comments/66mo57/what_is_the_deal_with_juicero_controversy/
@awemany @Zangelbert Bingledack that Reddit link is just hilarious to read. Thanks.
It's bullish for bitcoin or crypto now that core insist on limiting bitcoin capacity.
I'm in the product development industry and I've heard all the conversations, I've been in all meeting, read the mark research, the unique selling propositions, and interacted with all the decision makers driving such projects more times than I can count over 3 decades.
This is not just a VC failure. It's multiple failures the most obvious to me is technology for technologies sake, the lack of understanding of disposable income usage in the target market, (failing to comprehend growing wealth inequality) inexperienced designers, over saturation of competitive fast moving consumer goods markets, the need to put capital to work and excess manufacturing capacity.
At every level of the development process is someone that has a salary that is dependent on not understand the greater picture.
I think it's a good sign for Bitcoin. Literally the market has solved all the needs in society but one. Sound money. We're getting to the points where competing to solve a need is increasingly more risky than just investing in the need to fix the money system. I say this from first had experiences.
We live in a world where ~60% of the global population is not needed they are outside the capitalist system (they live in poverty and can not contribute in any way) and the 20% that do all the work are fast being replace by automation, (. The result is, economic growth is not serving the vast majority of humanity and new growth is feeding not wage slavery but automation. A new all inclusive class is emerging it will be the creative class, and it needs deflation to prosper.
Understanding the solution to the problem can bee seen through the
Degrowth movement
(Décroissance) . They have one problem they reject free market capitalism when they actually just reject economic growth, what I expect to see with the rise of deflation typical with the adoption bitcoin is decentralized Degrowth philology propagate more widely.
I feel like there is much more of a sense in the popular culture that juicing is a scam,
The juicing craze is a symptom of the malnutrition that manifests as obesity in industrialized nations, its an appropriate reaction to a voluntary caloric restricted diet with increased nutrients. watch
http://www.fatsickandnearlydead.com/ its not the sugar people are after its the nutrients.
[doublepost=1493223923][/doublepost]
@Mengerian
As long as the value of cryptos generally is increasing, that's the only way it can go, isn't it?
it's inflationary if the number of competing cryptos grows, the result is crypto will not be a good store of value.
i think there will be a swing back to bitcoin, I think the ultimate swing will be triggered by the removal of the 1MB transaction limit.
[doublepost=1493223962][/doublepost]
There is, (imho) 100% a connection between CA and CSW. How far back it goes is where things start getting interesting. It seems like it goes all the way back to the beginning. I'm pretty sure there are some out there already but it all blends together.
who is CA?