As the price of Bitcoin skyrocketed, I noticed an uptick in people adding me on LinkedIn that claimed to be Cryptocurrency experts. Admittedly, I don’t know much about cryptocurrency and blockchain, but I know enough that it inhabits the upper echelons of computer science and cryptology.
The “experts” that purport to know everything about blockchain were focused on real estate just a couple of years ago and whatever the hot thing was before that. I have not doubt that blockchain will eventually find some use in the near future for something other than just cryptocurrency, but I have the sneaking suspicion that there are lots of experts out there that are not advertising their expertise.
To see what I mean just search Bitcoin and Cryptocurrency on LinkedIn and prepare to be astounded. I may be in the minority, but I feel like to be a true expert you need a computer science degree or similar and not just a passion for a new thing.
Bitcoin seems to be a fascinating concept, but I struggle to understand how it is a currency and not just a way to gamble. I get that its based on blockchain and avoids the central government controlled currencies, but I fail to see the differentiation between Bitcoin and every other cryptocurrency which has similar rare and secure aspects. For this reason, I am watching from afar and doing my best to understand what will become of this new realm of cryptocurrency.
Thoughts? Add me on Linkedin!