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Dan Held, bitcoin educator, questions prevailing views on financial bubbles in the context of blockchain technology. Held states that those who label the blockchain sector a bubble either misunderstand its mathematics or have not made an effort to grasp the new paradigm.
He further asserts that bubbles, corrections, and other market events are mathematically impossible within blockchain systems.
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Held has previously weighed in on security issues, stating that Blockstream was fortunate to pay only a 10–15 percent hacker fee, avoiding a total loss in one incident described in a prior article. He has also argued that privacy features are better addressed on Layer-2 rather than Layer-1, as outlined in his analysis of privacy concerns in crypto. Held’s recent comments add to a series of opinions on technical and market matters within the blockchain space.