This is another interesting announcement just in https://cointelegraph.com/news/financial-institutions-in-a-race-who-will-bring-crypto-trading-to-the-fiat-masses-first it would now appear that the financial big boys are in a race to make crypto mainstream!
Posts made by CryptoChica
I liked this news story https://cointelegraph.com/news/de-beers-tracks-diamonds-with-blockchain-for-the-first-time - De Beers who basically control the world's diamond industry has developed a blockchain application Tracr. I think it is significant that such an establishment company as De Beers who represent this industry, are embracing blockchain.
These kind of stories are coming thick and fast now - all adding to the respectability of blockchain.
One of the interesting aspects about blockchain and cryptocurrencies for me, is monitoring how it is covered in the mainstream media. Currently, most of the reaction to crypto can be pretty negative – both Bill Gates and Warren Buffett are both very high profile names that have come out strongly against cryptocurrency as a concept. On the other hand, we have had a flurry of reports about leading brands, notably Amazon, who have been buying up crypto/blockchain related domains since the end of 2017, and are widely predicted to start accepting crypto payments soon.
Some mainstream business publications are reporting the growing strength of the market, including this https://www.businesswire.com/news/home/20180108005999/en/Global-Blockchain-Market-2017-2022---Focus-Payments from Business Wire which is a Berkshire Hathaway company (oh yes, that one that Warren Buffett owns). However, there a fair few business and tech journos who have a blanket ban on writing anything about blockchain/crypto.
A lot of the specialist crypto/blockchain titles are serving the eager and growing band of people who are interested in it, but if you ask your average businessman, or traditional CFO, they either glaze over or come out with a very negative opinion. Likewise, very few if any of these titles are included in the main global media databases which are used by PR people (these are the people that feed the majority of information to the journalists). It’s like crypto/blockchain is operating in a separate sphere?
Is that all going to change in 2018? A slew of mainstream retailers are predicted to start accepting crypto this year, McDonalds amongst them. I personally think that if Amazon starts accepting it, then that will be the tipping point. Facebook too are rumoured to be amongst the high profile names as well.
I am pretty confident that things are about to change. What do you think?
@Flodner I think just because you probably won't get caught, it doesn't mean that you shouldn't behave in a professional and ethical manner. As this market matures a little, I think the cream will rise to the top, and those that act within accepted boundaries are the ones who will probably succeed in the long-term. Having said that, breaking away from accepted norms is one of the things that is quite refreshing about this sector
A question for @admin really, are we ok to actually recommend ICOs that we're interested in, and say what we like about them to try to persuade each other?
I know some forums are very rigid about this because I think they are worried about the platform itself being seen to endorse something, but, I hope with a forum like this it can be OK for us to suggest things to each other,
Maybe the rule should be, you have to declare if you are invested already, or anything to do with the advisory team?
For me it sounds really exciting, because of the chance to actually own a bit of the exchange itself and earn dividends from it.
I have been looking at ways that it could be possible to earn a passive income from crypto ,and until there are better fund products, it's hard to find one. But I like the idea of the dividends for token holders here https://www.localcoinswap.com/
Let me know what you think
Can anyone explain to me what the point is, of a stablecoin like Tether? I thought the entire point of crypto was that it was completely independent of fiat currency?
Also surely as soon as any bank starts using Blockchain properly, they will effectively have their own stablecoins anyway?
Confused I am!
So I loved James Altucher when he wrote the Choose Yourself books, and learned so much from him about creativity and bouncing back when you reach rock bottom, the honesty in how he writes and totally just 'bleeds on the page' in the way that he does. And he has some amazing interviewees on his podcast too.
But all the stuff I see him putting out there about crypto just seems to have a bad smell about it, and I signed up for some report of his a few months ago and it was from this company called Agora Financial. And since then I just got SO much hassle from them, like every day - sometimes more than once - I couldn't get unsusbcribed and I just had to block them finally. Buy this report, join this exclusive mailing list, learn these amazing secrets - each list is like $3k to join up with!
And I just can't believe that it's the same James Altucher who has sold his soul to this kind of thing to just rip people off with something so hypey...
Has anyone signed up for his $$$ newsletters? I am not asking you what the exclusive secrets are, just if you have done, can you honestly tell me if you think it's been worthwhile, like have you got trading advice that you think is worth it as a result?
And has anyone ever managed to get Agora to stop f'ing emailing them???
So I got into this conversation the other day with a friend who knows I am involved with this, and they were reluctant to put their money into something without knowing who is really in control of it. I thought I knew abit about this stuff but I found it difficult to answer his questions actually.
How would you answer it? What role do the developers play, the miners, the users? Or organisations like the Bitcoin Foundation?
Is it just me struggling with this, and if not, then do you think this is something which is going to be an issue when it comes to people understanding it more widely and everyday people starting to invest in crypto and use it?
So if you were going to choose, or you had to get someone for a gift who is just getting into crypto, which hard wallet would you buy?
I have a ledger Nano but I find it annoying to use, the little screen and the buttons and all. And I am thinking for a person who is not very technical, it should be as easy as possible, whilst also being as safe as possible… And I am wondering whether I should get a Trezor instead, for this person I am thinking of.
Has anyone tried or compared both? Or are are there any other options I should be looking at besides these two?