Crypto's fall heralds a bright future - The Washington Post
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Bitcoin, ethereum and other digital tokens have lost more than two-thirds of their value since November. Andrew Keen: History is littered with technologies that crashed but still proved transformative. Keen: Boom-bust cycles can’t tell you much about whether a technology will triumph. Keen says the real test for crypto is whether it creates non-crypto services that people care about. Keen argues that soaring valuations are no guarantee of success during the up cycle, plunging share prices are equally signals. On this, the jury is still out, but the tentative evidence is tentative evidence that digital tokens can create a more sophisticated version of air-to-near money remittances across borders, games and other non-digital assets. Source