Prediction: A New World Order - Blockchain + Internet 2.0 + Next Gen Cryptocurrencies

Friends, for those who witnessed the “dot.com bust” and “irrational exuberance” of the late 1990s-early 2000s we also observed the re-emergence of tech and social media a decade later which far outweighed the cataclysmic downturn. Enter 2018: It is not unfathomable to anticipate a similar business cycle for Blockchain, the Internet and Cryptocurrencies. We predict with a 50%+ probability that the next 3-5 years will likely see a disruptive shakeout of major proportions. Bottom line: This shakeout is likely to have three crucial elements. First, the widespread adoption of Blockchain across multiple industries and business processes … far beyond the financial sector. Second, the emergence of a Blockchain-enabled Internet 2.0 featuring voice, video, data and AI. And third, next gen Cryptocurrencies purpose-built for the Internet 2.0 used for both individual and institutional along with domestic and trans-border secure transactions and payments. Together these three capabilities will propel the global 21^st century economy beyond anything we have witnessed to date. And yes, much more to come on this topic. Share your comments today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)

What does Facebook’s Future Hold Regarding Blockchain and Cryptocurrencies?

Friends, some 1.2B of Facebook’s 2.2B monthly active users engage with the social media firm’s Messenger service. Moreover, much of Facebook’s business model is based upon centralized systems and databases. Enter Blockchain featuring DLT (Distributed Ledger Technology) and the explosive growth of Cryptocurrencies which by their very design are highly decentralized architectures and value chains. If you we sitting in Mark Zuckerberg’s CEO chair what is your strategy? Well, the company formally announced it will evaluate the potential of Blockchain led by hand-picked David Marcus, Facebook’s VP of Messenger, former President of PayPal and Coinbase board member. Our view is that any large tech company needs to embrace rather than resist the megatrend called Blockchain … even if it involves overhauling its business model. The question then becomes: Does the free world’s largest social media company also pursue the creation and launch of its own Cryptocurrency? And if so, which assets are used to back such a currency? This is a pivotal nexus in the firm’s history – it can choose to lead or follow. Despite obvious uncertainty we believe Facebook needs to take appropriate risks needed to maintain its leadership role starting today. More, much more to come on this topic. Share your thoughts! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)

From Prediction to Reality: Goldman Sachs’ Intent to Launch Bitcoin Trading

Friends, recently we published a post entitled “Prediction: Cryptocurrency Trading Services Will Be Launched on NASDAQ and Leading Financial Management Firms.” Soon thereafter Wall Street’s largest investment bank Goldman Sachs reported that their customers see alternative stores of value in holding Bitcoin or Bitcoin futures. And like any market/customer-driven business Goldman apparently listened. Yes, many questions needs to be answered before launching such a service. Among them: Minimum investment amount? Array of investment alternatives – whether actual crypto tokens and or futures contracts? Will the service be available to any and all Goldman customers or only legacy institutional customers? Externally, top of mind questions which arise include which competing investment firms will follows? The breadth and scope of their services? The amount of overhead (OPEX) such firms will be willing to invest to please their clients, etc? Lesson learned: Successful businesses focus their attention and resources on delivering bona fide “value” to their customers. Share your thoughts today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)

Prediction: Cryptocurrency Trading Services Will Be Launched on Nasdaq and Leading Financial Management Firms

Friends, we believe that in the next 2-3 years Cryptocurrencies will be traded on the Nasdaq and that leading financial management-investment firms will establish dedicated services for both traders and investment professionals … initially in the US and rapidly followed by Asia and Western Europe. CEO Adena Friedman recently said that “certainly Nasdaq would considering become a crypto exchange over time.” Topping the short list of challenges are 1) Cryptocurrencies being officially categorized as securities, and 2) Appropriate regulatory oversight by the US SEC. Other key issues include transparency and security which cast significant fear, uncertainty and doubt around this this topic. Few doubt the growing inertia of the Cryptocurrency juggernaut. As such, it is not untenable to foresee the likes of Blackrock, Fidelity, BNP Pariba, Schwab, Vanguard, Goldman, Amundi, SuMi TRUST and Deutsche Asset Management forming Cryptocurrency trading services for retail and institutional investors. Let us know your thoughts today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)

Fast Approaching the Intersection of Blockchain and Artificial Intelligence

Friends, imagine two opposing technical worldviews racing toward a common destination - to empower and transform society as we know it. This analogy holds true when it comes to Blockchain (a more centralized view) and AI/Machine Learning (a more centralized view). Both technologies have untold value and potential, however, when some of the brightest minds on planet earth envisage their convergence the stakes rise exponentially. Cryptics will introduce an algorithm focusing on predicting changes in the valuation of crypto-assets globally. Neureal’s focus is on peer-to-peer AI supercomputing. KapeIQ’s mission is to deliver fraud detection for healthcare organizations. And EthVentures’ goal is to manage investments on digital tokens. These firms are but the tip of the proverbial Blockchain-AI iceberg which is rapidly moving from the fringe to mainstream business transformation. Just what will the Blockchain-AI arena look like 2-3 years from now may defy one’s imagination? So share your insights today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)

Is the ROI of Conventional Cryptocurrency Mining Farms making them obsolete?

Friends, any commercial entity – large or small – needs to have a long-term positive Return on Investment to succeed. The Cryptocurrency mining ROI comes down to the cost of energy consumption (and hardware) vs. the market value of the currency. With more and more energy required to generate Bitcoin, Litecoin, and Dash we have seen the rise of mining farms and pools such as Ghash.io and Slush. Meanwhile, some crypto theorists have proposed newer and most cost-efficient algorithms like DigiByte and DigiShield. Many believe all roads point to China’s Bitmain yet are weary of the increasing centralized control of Jihan Wu. A new model for Cryptocurrency creation is needed as we look toward second and third generation currencies. But what is the bona fide solution? Share your thoughts today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)

Will the Centralized Blockchain Model Proposed by the PBoC Be Applicable Outside of China?

Friends, to no one’s surprise the Peoples Bank of China (PBoC) has strongly advocated a highly centralized approach to BlockChain implementation. The PBoC digital currency research institute leader Yao Qian believes that is impossible to exercise decentralized, informal Blockchain governance on a scale befitting the world’s 2^nd largest economy and the world’s most populous nation. His solution is for the Blockchain to have a central governor. Yao seeks the benefits of distributed ledger technology (DLT) while maintaining a centralized governance structure. In addition, Wang Pengjie, from the Chinese People’s Political Consultative Conference (CPPCC), suggests that the PBOC and the China Securities Regulatory Commission (CSRC) should create a Blockchain and digital asset management “approval system,” as well as raised the possibility of establishing a digital asset trading platform at a national level. Bottom line: Given the vast advantages Blockchain offers will a heavily centralized and controlled ecosystem for this technology thwart or facilitate its growth and benefits for the PRC? A secondary question concerns whether such a model is viable outside the PRC’s centrally planned economy and financial system. Send us your comments today. Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)