Cryptocurrency Industry Advancing
In spite of the FUD, the cryptocurrency/blockchain industry is advancing at a rapid pace. Each day we come across something new that shows we are moving away from the start up phase to establishing companies that are implementing a strategic plan.
Coinbase is one of the best known names in the world of crypto, being the largest exchange in the United States along with being one of the largest in the world.
During the run up in the price of cryptocurrencies in the 4th quarter last year, Coinbase was able to sign up hundreds of thousands of people. This was a significant boost to the amount of people involved in cryptocurrency. Of course, with the drop in price and all the FUD, it remains to be seen how many of those people are still involved. Neverthleless, Coinbase garnered a great deal of attention.
Now, we see Coinbase start to enlarge the scope of its reach. It was announced that they aquired Earn.com.
For those unfamiliar with Earn, this was a start up that paid people to read emails. In other words, if a company wanted to target an individual, it had to pay (usually in Bitcoin) for the read. This was a revolutionary idea of how to stop spam. Opt-in email might end up taking off over time.
As I wrote this morning, each time we see something like this, it is another feather in the proverbial cap for the cryptpcurrency industry. There are so many possibilities for blockchain that it is mind-boggling. People really need to ignore the FUD and focus upon the establishment of an industry that is poised to disrupt most existing structures.
Blockchain is the Internet on steroids. As big as the Internet was, picture something 100 times more powerful. That is the keg we are sitting on.
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We are sitting on quite a powder keg indeed. Thanks for your post. You are right that we need to ignore the FUD and focus on the potential of blockchain. Blockchain will change the world and I'm excited to see it.
WHile Cryptocurrency is exciting as a personal investment, the entrepreneur in my is screaming out for the new doors that will open for people who understand and are prepared for the block chain opportunities.
Maybe the FUD will just temper the greed so that we are inspired to read into the details before investing? Maybe the glut of crap-coins being created for the sake of it will lower the bar so that real good uses of crypto/block chain will stand above and get the recognition and support they deserve?
All in all, focusing on block chain application and technology is making investing easier. Also, these bumps in the road will just slow things down so that I can invest and amass more with limited budget.
I too signed up for manna and am following good basic income, environmental and internet 3.0 concepts/block chains/currencies.
Really woke my old brain up!
Thanks for the comment @zekepickleman.
Yes it is really an amazing time to be involved. There are a lot of scams, garbage coins, and projects that wont work. However, we are at a turning point in humanity. So much is changing so quickly..it is incredible.
I also read something about NASA wanting to use the blockchain.
https://www.ccn.com/nasa-researches-ethereum-blockchain-tech-for-deep-space-exploration/
Honestly, it made no sense to me but more and more established organizations are trying to use the blockchain.
It really is amazing what they are looking at using blockchain for.
In reading the article, I am not quite sure how it will work but I am not a NASA scientist, so what do I know?
This is just another example of the potential that we are looking at.
Fortunately, Blockchain technology has attracted some of the brightest developers in the world. For people who are aware of that, it is evident that Blockchain is on an inevitable path of progress. It is an incredibly good solution for a whole lot, especially when you consider it's future interaction with AI and other innovative technologies. I think we are going to see one or two successful crypto companies break through the barrier that exists between Blockchain technology and mainstream groups of people. Crypto companies are slowly getting better at marketing which is very reassuring. Once we start to see mainstream adoption (most likely, without anyone knowing what Blockchain actually is) I think that will have a catalyzing effect.
Will you follow me? 😊 @a-0-0
I had no knowledge about coinbase talkless of Earn.com, thank you for explaining what they are about through this post. It is goodnews to know that coinbase is expanding and becoming successful, it is a good thing in general for the crypto world.
Also, you've made a personal statement that should be taken seriously by all and sundry.......
"Blockchain is the Internet on steroids. As big as the Internet was, picture something 100 times more powerful. That is the keg we are sitting on."
I think blockchain is actually beyond what the government thinks and what we think about it. It's the future! Well done @taskmaster4450
That's right, while everyone is caught up in the negative headlines, the development of crypto keeps marching on. It doesn't care about opinions, headlines and speculation. Happy to be along for the ride.