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Warning: Network Engineer talking economics!
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Re: US Federal Reserve adds new 'FRED' chart
It's too bad the index only includes dinosaur coins that don't have a bright future.
Hindsight is 20/20 for those willing to look at the data objectively.
Bitcoin was the trade from 2010-2013, it has actually dramatically underperformed the altcoins since. Although I was fortunate enough to have heard of bitcoin in the summer of 2010, I unfortunately did not invest.
Ripple was the trade from 2013-2017 (up over 600X) - went up primarily because of the scalability debate (it was the most scalable). Thankfully, this is a trade that I did make, despite all of the geniuses on the internet telling me ripple was the dumbest thing ever.
The next big debate will be about fungibility - which entails a whole new coin. In the meantime, still waiting for bitcoin to fall below $5,000/btc.
p.s., I find it deceitful when bitcoin proponents show log-scale charts, especially after each crash. Log-scale charts are useful for exponential datasets like bandwith (crypto is not exponential), or very long-term datasets where you want to see early deviations (e.g., DJIA).
For a concise, readable summary of iTulip concepts developed over the past 16 years and a vision of a challenging next decade and how to navigate it, read Eric Janszen's book "Post Catastrophe Economy".
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US Federal Reserve adds new 'FRED' chart
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