Ep. 70: Four Stages of Crypto with Raymond Aaron
In the very early 1900s, when Henry Ford first started manufacturing automobiles, it didn't make much of an impact. Why? Because only a very few early adaptors were interested. Everyone knew horses would be around forever. And there would always be saddles, and there would always be buggy whips. And there was this weird new thing that made lots of noise and was dirty and its exhaust called the car. So a few early adaptors were interested. And that was the early adopter phase.
And then the second phase is fascinating. It is called unrealistic expectations, where all of a sudden, enough people…
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