Similar thing happened to me, albeit like 6 or so years ago.
I was very young and had been "in the space" for a couple years. The concept of "decentralization" in general appealed to me as someone frustrated with the abuses of centralized power. I liked the idea of a transparent ledger and wanted to apply it to non-profit initiatives. I even spoke about this at the European Central Bank as a 20 year old (got there via anonymous paper submission -- imagine the surprise).
But very quickly I grew frustrated with how much of the space was scams, people looking to get rich quick, etc. I had been more interested in the applications of blockchain that went beyond crypto but even stopped paying attention to cryptos altogether as a speculative investment. Funny enough, a few people who were "evangelized" by me made a fair bit of money.
I'm thankful though because I got into programming at 18 to write smart contracts, and that actually changed the course of my life quite drastically.
The only useful application of crypto/blockchain tech I've ever seen simply takes advantage of the transparent ledger as a way of tracking receipts.
One of the perfect applications is in shipping and logistics where receipt validation, transparency, and certification, is an essential part of the business.
Is there somewhere that explains this concept? When I "receive" something, there still must be trust that I correctly mark it so. By that point, doesn't it require trust, and therefore you may as well just use a trusted third party data store?
I was very young and had been "in the space" for a couple years. The concept of "decentralization" in general appealed to me as someone frustrated with the abuses of centralized power. I liked the idea of a transparent ledger and wanted to apply it to non-profit initiatives. I even spoke about this at the European Central Bank as a 20 year old (got there via anonymous paper submission -- imagine the surprise).
But very quickly I grew frustrated with how much of the space was scams, people looking to get rich quick, etc. I had been more interested in the applications of blockchain that went beyond crypto but even stopped paying attention to cryptos altogether as a speculative investment. Funny enough, a few people who were "evangelized" by me made a fair bit of money.
I'm thankful though because I got into programming at 18 to write smart contracts, and that actually changed the course of my life quite drastically.