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RE: Don't Fear The Fork: The Future of Bitcoin & Steem
I think these crypto currencies are going to move in one direction or another. What they won't do long term is just stay stagnant. Either it going to take off and early adopters will be rewarded nicely, or we will watch whatever money we in these coins go poof and evaporate into the ether..
That is just silly. The money will not evaporate into nothing, and most certainly this is not a bubble and it's not going away. Look at the historical news since 2009 until now. Everybody says the same stupidity every year. "This is a bubble." Then what happens? Markets keep growing exponentially. They double or triple each year and it just doesn't stop. Sure there are up and downs, and to people who don't understand Crypto, they instantly call it a bubble or a ponzi scheme or what ever "Labels" from the old world they can think of. Eventually in the next 5-10 years cryptos will stabilize and we'll have at least a 1 trillion market cap. That is for sure, because blockchain technology is not going away, this technological leap is just beginning. Also, do you see any kind of political stability all around the world at the moment? The more governments and financial institutions continue to fail the people, the more people will jump to Bitcoin or other Cryptos just as a safe heaven. Look at whats happening in Venezuela, the government is failing and collapsing. What does people do? They buy bitcoin and use it to buy food and goods from abroad, because bitcoin has far more value than their crappy government issued money.
Im looking forward to August 1st myself. Nothing to fear. I had already watched Jeff's video in full on YouTube. August 1st just makes me think of that commercial that says "Food You Wanna Fork".
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Headliners from experts on the panel included Balaji Srinivasan, CEO and cofounder of 21.co, a cryptocurrency startup that has raised more in traditional VC funding than almost other one. Another was Peter Smith, CEO and cofounder of Blockchain, a U.K.-based cryptocurrency wallet company that recently raised $40 million from GV, the venture capital arm of Alphabet, parent company of Google goog. And Kathleen Breitman, CEO and cofounder of Tezos, a blockchain startup that this year raised more than $200 million in an initial coin offering, or ICO, and which counts celeb investor Tim Draper among its backers and many more others assures us the future of digital currency is bright