"Casino Killed the Computer Star"

Cryptocurrency's market valuations arrived before any proven social utility, a sequence that is described as a mortal threat to blockchain's potential. The global crypto industry's market capitalization is cited as well over $2 trillion USD, while an estimated 22,000 developers work on blockchain projects, a number reported as decreasing. Chris Dixon's book "Read, Write, Own" is credited with dividing the field into the "casino" of speculation and the "computer" of underlying technology, but the problems are said to run deeper, citing ransomware use and industry lobbying and self-dealing as evidence that the industry became "evil" before it became useful.