With Bitcoin's valuation at an average of US$7,000 in August
2018 (its highest valuation was at US$19,8321 in December 2017),
everyone is talking about the burst of the 'Bitcoin
bubble'. But is US$7,000 the burst of an asset
'bubble'? This all depends on whether Bitcoin is seen as
equivalent to Digital Tulip Bulbs or Digital Gold: if you see
Bitcoin as a worthless currency with no meaningful value, then you
probably see a US$7,257 valuation as a sure sign of the burst of an
asset bubble. If, on the other hand, you consider Bitcoin's
intrinsic value to be comparable to gold, then you probably attach
little significance to its recent valuation.
Whatever your school of thought on crypto-currencies and their
usage, crypto-games and crypto-collectibles are on the rise. Last
December saw the introduction of CryptoKitties - digital cats, with
each one having different attributes, and with users breeding,
buying and selling them on Ethereum (an open source,