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FinTech

Given diminishing returns or cycle… what price BTC?

Given diminishing returns or cycle what level of return might we look forward to in the next cycle once BTC bottoms?

Video recording date: December 19, 2022

Categories
FinTech

The Ethereum Killers Are All Zombies Now

The Merge made it starkly visible to the world, but blockchain insiders have known for years that Ethereum’s assassins have fired their shots and missed.

If the best technology doesn’t seem to win, what separates long-term winners out in these standards battles? I hypothesize that there are two answers. First, developer ecosystem maturity and, second, management team.

[Ethereum has both ecosystem & management maturity.]

What does this mean for Ethereum’s well-funded would-be assassins such as Solana, Terra, Avalanche and others? I think it means they are zombies, technically still alive but running on borrowed time. How much time? It could be quite a few years. Competitors to the PC kept on going for more than a decade after Windows became the dominant platform. It won’t surprise me if some Ethereum killers are still trucking along with ever-diminished market share and crowds of online influencers shilling them in 2030.

From https://www.coindesk.com

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FinTech

Upcoming Event: Ethereum Merge

This is tuesday September 13, ethereum will transition from proof of work to proof of stake in a day or so.

Why is it important? It’s been a talking point of evolution for the ethereum blockchain since it’s beginnings in July 2015. What it does is change how new blocks are chosen, moving from proof of work (lots of computers using a lot of electricity), to proof of stake (basically a lottery from stake holders). It saves a lot of electricity.

Bitcoin (the largest cryptocurrency) also runs on proof of work, but there are no current plans to migrate it to proof of stake.

Cryptocurrency is a financial and technological product (fintech). Money goes everywhere! And now technology is developing means for working with money, in terms of crypto tech. It will disrupt traditional finance like the internet is disrupting newspapers for instance.

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FinTech

Will Defi Change the World?

Here are 7 Crypto RIPCORD properties that will change the world!

In this Youtube Bitcoin and Open Blockchain Q&A, Andreas gives his answer and explains how a currency with RIPCORD properties will change the world.

R revolutionary: real change

I immutable: no cooking the books

P public: audit?

C collaborative: participation?

O open: can anyone participate?

R resistant: to censorship

D decentralized: can’t shut down

Categories
FinTech

Four ordinary people share how they got rich from crypto

They once were average workers, with regular jobs and modest paychecks.

Now they’re loaded….

“The cool thing about cryptocurrency is that anybody can do it, and I’m one of those anybodies who did it,” she said.

“I was a substitute teacher with no serious technical knowledge that went to college for theater, and I made millions of dollars in this market via conviction, via education. I believe that anyone could follow that path, if they were dedicated to it.”