Quote from: aminorex on August 02, 2016, 12:37:38 AM

Quote from: smooth on August 02, 2016, 12:01:23 AM

This is a large portion of my thinking about cryptocurrency. If you were around since 2011 as I was then you can appreciate the enormous shift in public confidence in the incumbent financial system. Crypto is surviving and even to an extent thriving despite a five-year trend in the fundamentals of perception that are hugely negative, but I don't really see a moon type event in any crypto without that trend reversing in a big way.

I am pretty sure that "fundamentals of perception" is not intended to allude to Huxley, but not sure what it does reference. Gox & DAO, perhaps?

Fundamentals meaning likely realizable value based on public perception that the incumbent financial system is broken and either needs replacement or even that there is an opportunity for such a replacement to possibly occur. That perception died a slow death during the period since 2008 (crypto hard core excluded), but mostly since 2010-2011. Prior to that it was still widespread.