LEH isn't a great example because investing in crypto is different than investing in an equity. With a traditional equity, if a company goes under, you lose your money. With DLT, if the organization that governs its development goes under, the DLT remains and is available to be picked up by others. You will never lose your tokens. If you find a DLT with a huge community backing, partnerships with governments and tech companies, and technology that in some way makes it superior to others for a given market, then why not invest?
By and large the folks who voice the loudest criticism of cryptocurrencies typically have very little or no grasp on exactly what they are and why DLT is such a ground breaking and disruptive technology. Why is removing banks from digital transfer of value important? How big is the IOT market projected to be in a few years? Is it possible to monetize IOT using traditional methods of payment? Imagine being able to send funds to anyone instantly with zero fee and no middleman in a secure auditable way. Imagine a payment network that can grow without limit and with each additional transaction gets faster. One of my favorite presentations that gives a fantastic high level vision of one of my favorite DLT projects (IOTA) was given by Terry Shane and can be found here: https://www.youtube.com/watch?.... As a developer, I find it amazing to be able to use a simple IOTA library to accept payments in iota -- programmatically adding them to the DLT -- and then receiving an event that can be reacted to once payment (or data with no money... you can send anything) is confirmed... all without banking apis, payment processors, etc.
I'm personally still in the green with regard to my own crypto investments. No money has been lost, and I am comfortable with the possibility of losing my investment.
In the words of Warren Buffett, it's called "the greater fool business model" and it's the belief that a greater fool will come along and pay you more than you paid.
That doesn't exactly apply here.
It's not about whether or not some fool will come along and buy something you purchased for more money than you paid - it's about believing the value will rise naturally due to speculation + adoption + technical advancements (in cases like IOT data monetization).
It's a high risk + high reward investment, and you need to go into it understanding that you could very easily loose your entire investment. If you are young, it probably makes sense to put a small percentage of your portfolio into crypto, but don't be stupid about it. 5% of my portfolio is currently in crypto, and as a strong believer in DLT + potential to disrupt many industries, I'm using this bear market to increase that percentage through dollar cost averaging (buying small amounts each month).
Bitcoin is an effective means to store value, which is bestowed upon it by a global market interested in decoupling economy from government and centralized control. I can now send relatives money instantly and with zero fee by trading (easy and free) BTC for IOTA. If I want to purchase something privately without worry of ever being associated with the purchase, I can trade my BTC for Monaro. This is not a bubble-it's the birth of an entirely new asset class which has a market cap that has yet to be even close to realized.
Have you checked out the code view enhancements in DW8? This is obviously something that Macromedia put a lot of attention to in this new release. It is far better than previous versions of DW code view. In my opinion, it was a smarter choice for macromedia to extend the code view portion of DW than focus their attention on an entirely seperate product like homesite that would be used for the same purpose.
I wonder if flashpaper had a role in Adobe's decision. PDF is Adobe's bread and butter and Macromedia's flashpaper posed a serious threat to it as an alternative vector document format that's just as (and arguably easier) to use.
Also, since Macromedia flash in installed on over 90% of machines surfing the net and PDF is right up there also, Adobe has software running nearly 100% of user's machines, regardless of operating system - this is a powerful position for Adobe to be in! Ever stop to ponder just how many markets Adobe will now dominate with the industries (arguably) best web development, video streaming technology, vector and bitmap media and document formats?
One thing I'd like to see happen to Photoshop as a result of this merger is a context sensitive properties panel. This is what makes Fireworks so intuitive and easy to use--is there any reason not to add this to photoshop?
As for Fireworks and Freehand... It seems to me that Macromedia has even stopped improving this products. For Fireworks, virtually nothing interesting has been added since MX 2004 and freehand doesn't even come with Studio anymore.
Dreamweaver and Flash are really the only hot items to debate about IMHO.
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LEH isn't a great example because investing in crypto is different than investing in an equity. With a traditional equity, if a company goes under, you lose your money. With DLT, if the organization that governs its development goes under, the DLT remains and is available to be picked up by others. You will never lose your tokens. If you find a DLT with a huge community backing, partnerships with governments and tech companies, and technology that in some way makes it superior to others for a given market, then why not invest? By and large the folks who voice the loudest criticism of cryptocurrencies typically have very little or no grasp on exactly what they are and why DLT is such a ground breaking and disruptive technology. Why is removing banks from digital transfer of value important? How big is the IOT market projected to be in a few years? Is it possible to monetize IOT using traditional methods of payment? Imagine being able to send funds to anyone instantly with zero fee and no middleman in a secure auditable way. Imagine a payment network that can grow without limit and with each additional transaction gets faster. One of my favorite presentations that gives a fantastic high level vision of one of my favorite DLT projects (IOTA) was given by Terry Shane and can be found here: https://www.youtube.com/watch?.... As a developer, I find it amazing to be able to use a simple IOTA library to accept payments in iota -- programmatically adding them to the DLT -- and then receiving an event that can be reacted to once payment (or data with no money... you can send anything) is confirmed... all without banking apis, payment processors, etc. I'm personally still in the green with regard to my own crypto investments. No money has been lost, and I am comfortable with the possibility of losing my investment.
In the words of Warren Buffett, it's called "the greater fool business model" and it's the belief that a greater fool will come along and pay you more than you paid.
That doesn't exactly apply here. It's not about whether or not some fool will come along and buy something you purchased for more money than you paid - it's about believing the value will rise naturally due to speculation + adoption + technical advancements (in cases like IOT data monetization). It's a high risk + high reward investment, and you need to go into it understanding that you could very easily loose your entire investment. If you are young, it probably makes sense to put a small percentage of your portfolio into crypto, but don't be stupid about it. 5% of my portfolio is currently in crypto, and as a strong believer in DLT + potential to disrupt many industries, I'm using this bear market to increase that percentage through dollar cost averaging (buying small amounts each month).
Ah, but the alt-coins are BOOMing. A modest $3k investment in raiblocks in November and you'd be a millionaire today. Amazing time to be in crypto.
Bitcoin is an effective means to store value, which is bestowed upon it by a global market interested in decoupling economy from government and centralized control. I can now send relatives money instantly and with zero fee by trading (easy and free) BTC for IOTA. If I want to purchase something privately without worry of ever being associated with the purchase, I can trade my BTC for Monaro. This is not a bubble-it's the birth of an entirely new asset class which has a market cap that has yet to be even close to realized.
Have you checked out the code view enhancements in DW8? This is obviously something that Macromedia put a lot of attention to in this new release. It is far better than previous versions of DW code view. In my opinion, it was a smarter choice for macromedia to extend the code view portion of DW than focus their attention on an entirely seperate product like homesite that would be used for the same purpose.
I wonder if flashpaper had a role in Adobe's decision. PDF is Adobe's bread and butter and Macromedia's flashpaper posed a serious threat to it as an alternative vector document format that's just as (and arguably easier) to use.
Also, since Macromedia flash in installed on over 90% of machines surfing the net and PDF is right up there also, Adobe has software running nearly 100% of user's machines, regardless of operating system - this is a powerful position for Adobe to be in! Ever stop to ponder just how many markets Adobe will now dominate with the industries (arguably) best web development, video streaming technology, vector and bitmap media and document formats?
One thing I'd like to see happen to Photoshop as a result of this merger is a context sensitive properties panel. This is what makes Fireworks so intuitive and easy to use--is there any reason not to add this to photoshop?
As for Fireworks and Freehand... It seems to me that Macromedia has even stopped improving this products. For Fireworks, virtually nothing interesting has been added since MX 2004 and freehand doesn't even come with Studio anymore.
Dreamweaver and Flash are really the only hot items to debate about IMHO.