Friends, it is
not too far of a stretch today suggest that Cryptocurrencies and Trading
Exchanges are going through a “Wild West” early growth phase where almost
anything goes and attempts by governmental entities worldwide are viewed with
great skepticism at best. The quintessential example is Bitcoin and the US SEC. Flying under the
radar has suited first gen Crypto traders, ICOs and Exchanges just fine. So why
not keep it that way? As the aggregate value of Cryptocurrencies, including the
advent of sovereign ICOs, and Exchanges has increased exponentially over the past
18 months they are now nearing the center of the radar screens of governmental
regulators, most notably the US
SEC and the UK FCA
(Financial Conduct Authority). Bottom line: Will the impending level of “appropriate”
government regulation impede the near-term explosion of Cryptocurrencies or
pave the way for a more legitimate next wave of legitimate growth undergirded
with governance, transparency and integrity which could bolster Cryptocurrency
mainstream adoption for years to come? Let us know your thoughts today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
Saturday, March 31, 2018
Friday, March 30, 2018
Bitcoin is to Cryptocurrencies as Blackberry was to Smartphones
Friends, our
thesis is that the market leader(s) in the early phase is of as new technology
or business paradigm is likely to be usurped by a new solution or vendor in the
late early adopter and mass market phase of market adoption. Case in point –
the race toward a multi-function mobile communication device for the masses.
For several years RIM’s
Blackberry phone was viewed as an innovative and market leading device.
However, after years of trial and error, false promises and failure to meet
expectations Apple’s iPhone became
the breakthrough product which revolutionized the mobile communications segment
worldwide. The same principle likely holds true in the global Cryptocurrency
arena. Bitcoin is the unrivaled leader in the Phase I of Cryptocurrency
solutions. Nonetheless, our thesis is that within three-five years a new
transformational (2nd or 3rd generation) product will dominate
the Cryptocurrency space … just like the iPhone transformed the smartphone
sector. The obvious questions are which currency with which features and
ecosystem will emerge … and when? Share your prognostications with us today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Thursday, March 29, 2018
Cryptocurrencies Test the US First Amendment: Should Crypto Ads be allowed on Social Media Sites?
Friends, this
post concerns the nexus of Cryptocurrencies, Social Media and the US
Constitution. Social media in general and Facebook in particular, are under enormous
scrutiny around the world for their integrity, security and transparency. And
while Cryptocurrencies
as of early 2018 are aggressively seeking to go mainstream, many in the “traditional”
side of currency trading still view them as highly speculative instruments.
Thirdly, in the US free speech is highly protected via the 1st Amendment
to the US Constitution. Yet, where does that leave us when we consider placing online
ads (aka free speech) for the Cryptocurrency ecosystem (which most would
acknowledge is undergoing birth pains … at best) on largely unregulated Social
Media a la Facebook, Twitter and for good measure … Google AdWords?
Purist will likely respond absolutely yes, however, our perception is that
there is growing antipathy towards this three-way marriage among practitioners
and regulators alike. What is your assessment? Send us your thoughts today. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Thursday, March 22, 2018
How Will Enhancements to Smart Contracts Bolster Blockchain Adoption?
Friends,
Blockchain, promises the ability to improve the
business processes that occur between companies and lowering the “cost of
trust.” This technology may offer significantly higher returns for each
investment dollar spent than most traditional internal investments.
Credit
Suisse has published a nice primer on this topic - download here and take a
look. A Smart Contract is simply a piece of
code which is stored in the Blockchain network (on each participant database).
It defines the conditions to which all parties using contract agrees. So if
required conditions are met certain actions are executed. As the smart contract
is stored on every computer in the network, they all must execute it and get to
the same result. This way users can be sure, that outcome is correct. These smart contracts are extremely
valuable across a wide variety of industries. They eliminate the need for (and
fees of) intermediaries and allow transactions to run extremely smoothly. As
the regulations and security behind these smart contracts grow stronger in
2018, their adoption will increase. Smart Contracts essentially remove the need for expensive
third party involvement to process a transaction. Speed, security and
especially OPEX reduction lie at the very core of Blockchain’s value proposition.
What is your assessment of Smart Contracts? Send us your thoughts. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Wednesday, March 21, 2018
When Will Amazon Begin Accepting Crytocurrency Payments?
Friends, with Amazon's market leadership and voracious appetite for innovation begs the question regarding when the behemoth will begin accepting cryptocurrencies as payment for goods and services? Likely beginning with Bitcoin and subsequently expanding into more robust second and third generation cryptocurrencies, Amazon is poised to rise a payments tsunami and reap the incremental sales and revenue benefits. But not so fast you say, a Global 100 transaction-based B2C firm will undoubtedly conduct multiple customer trials to both hone their payment processing model ans well as determine the sweet spot when it comes the number and selection of one or more cryptocurrencies it accepts. Transaction speed, security, scalability and integrity are all "red flag" issues which must be addressed bore this type of payments paradigm shift will occur on a high-volume and global scale. Let us know your predictions here at the Cryptocurrency Academy (https://coinmarketcap.com/all/views/all/), Lawrence
Tuesday, March 20, 2018
Can Hashgraph Accelerate the Global Adoption of Blockchain?
Friends,
as Blockchain begins to move beyond the cryptocurrency arena and transition
from its early adopter phase into the mid-market for mass adoption it surely
will face many barriers. Enter Hashgraph.
Unlike Blockchains in use today, Hashgraph employs the Gossip Protocol,
which is a computer-to-computer communication based upon the similar method
used by social networks to disseminate information. Every event in a Hashgraph-based Blockchain
occurs immediately and is communicated to all other computers in the network.
Thus ensuring secure, fair and faster transactions. Bitcoin’s seven transaction
per second is exceeded by a quantum leap with Hashgraph which processes
hundreds of thousands of transactions per second. Let us know your assessment
of Hashgraph’s potential impact on Blockchain adoption within and beyond
cryptocurrency transactions. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Monday, March 19, 2018
How Effective Can Blockchain Token Credits be in the Battle against Climate Change?
Friends,
we all know that the potential applications of Blockchain go far beyond the
realm of cryptocurrencies. Despite the US’ departure from the Paris Accord can
Blockchain be used to successfully manage tokenized credits for carbon
emissions between the private sector and government regulatory bodies
worldwide? Commercial entities – especially in the manufacturing sector – likely will manage excess carbon
emissions throughout their supply chains to create carbon neutrality while
firms such as privately held Zerofootprint Software and CarbonX Personal Carbon Trading can enable
and individuals to manage their carbon emissions. Undoubtedly other vendors and
exchanges will rapidly enter this niche. Send us your predictions today!
Lawrence, Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com)
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