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ACM Opinion

Crypto Is Crashing Again but Blockchain Will Survive


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fever chart shows declining value of Bitcoin

Credit: Getty Images

The crypto market recently plummeted for the second time in a month, in tandem with a sharp drop in global stock markets. The collapse, not the first of its kind, showed again how the violent swings of a largely unregulated market warp the development of a transformative technology.

But crypto is just one aspect of the larger blockchain universe. Its skeptics and fans alike must learn to see it as a technological experiment, instead of just a blatant scam or a speculative path to riches. The practical, real-world work of developing blockchain technology will keep on going, independent of the histrionics of the market.

From The New York Times
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