Winklevoss' Crypto Exchange Recruits NYSE CIO

Reasons for Crypto Adoption

Cryptos are gonna attract immense amounts of capital, and one consequence will be that the number of cryptos that prosper will be much greater than we thought even just weeks ago. But what might the specific reasons for adoption be? Well, that subject came up in discussion among us IndiaMikeZulu guys; and I found myself clumsily categorizing those reasons:
Hyperinflation (which I’ll class as ‘political’) Demonetization (political) Capital controls (political) War on Cash (political) Anti-Government sentiment (political) Remittance (economic) Crypto-as-payment-method (economic) Partnership-with-legacy-banking-system (economic) Special Bonus Category One: Eurozone disintegration (political) Special Bonus Category Two: increase in smartphone use (technological)
Hyper-inflation: the statistics seem a bit haphazard. However, Venezuela has 800% inflation; South Sudan’s rate is apparently over 400%; and Syria, Suriname, and Argentina are all over 40% -- which is definitely ‘on ramp’ to hyper-inflation. [http://www.tradingeconomics.com/country-list/inflation-rate ]. South Sudan’s hyperinflation may not shake the world, but Argentina’s economy is around the sixtieth-largest in the world, and Argentina’s population is 43 million. Hyper-inflation is considered by CrazyPants.com journalists to be the ultimate economic problem, so this reason for adoption isn't going away anytime soon.
Demonetisation: http://www.visualcapitalist.com/global-war-cash/ Norway, Sweden, Denmark, Belgium, France, the U.S., Kenya, South Korea – the list is long and heavy duty. And India? One might almost think that the Indian government is secretly on our side!
Capital Controls/bail-ins (yes, the categories overlap): consider China, Cyprus, the Ukraine, and India. All have imposed capital controls, and in each case it boosted crypto adoption. Note: very few folks know just how many nations have already legislated for bail-ins. That is, the powers that be obviously intend to increase the use of capital controls.
War on Cash: governments are gonna herd people to a fork in the road. People will then either acquiesce, and go down the path of all-electronic-fiat; or they’ll refuse/resist. Some resisters will go to bullion – but there are limitations there. Others will go to cryptos. One thing is worth noting: many of those who do resist are libertarians; and if they do decide to adopt cryptos, they’ll do a good job of it.
Anti-Government Sentiment (yes, the categories overlap): The first ‘political cryptos’ – Freicoin, Maza Coin, even the ‘country coins’ – fared poorly because the citizens of Planet Krypto forget to connect them to the outside world; but that was then, this is now: http://www.coindesk.com/palestinian-government-bitcoin-currency/ The Eurozone isn’t the only entity set to disintegrate. The era of Ever-Larger-Bureaucracies is over, and it’s easy to see how dissident groups of many types might find cryptocurrencies attractive; and I was amazed at the number of these movements that exist: https://en.wikipedia.org/wiki/Lists_of_active_separatist_movements Note again that such adopters will be highly motivated to use cryptos as currencies.
Remittance: ‘ . . . bitcoin powered remittances now account for 20% of the Asian remittance corridor between South Korea and the Philippines.’ https://bravenewcoin.com/news/bitcoin-remittances-20-percent-of-south-korea-philippines-corrido
Wikipedia lists 15 major remittance nations. The Philippines (with its 20%) is at Nos. 3. These guys -- https://www.javelinstrategy.com/coverage-area/bitcoin-and-global-remittance-market -- claim that the industry involves a half a Trillion bucks a year.* And what IMHO should equally interest us is the potential here for creating ‘trading loops’ in the countries that the cryptos are being sent back to. Thus, an Indonesian maid in Saudi could send crypto to her mum’s smartphone, and her mum can use that crypto to buy stuff right there in their village!
Crypto-as-just-another-payment-method (economic): this angle has been well considered. One thought, though: we all recognize the crazy range of nations’ regulations concerning crypto currencies. We all know that the recalcitrant nations will end up with egg on their faces – imagine that some nation had banned emails in 1980, and stuck with the ban! So, the more crypto-positive nations will soon be siphoning wealth out of the less crypto-positive nations, and us GRS guys wanna make sure that, somewhere somehow, some adoption project is based on GRS.
Partnership-with-legacy-banking-system (economic): if cryptos are in any way popularised by being adopted by the legacy banking-system – a la Ripple in Japan -- so be it. Ditto with Government e-fiats. Ditto: https://www.cryptoninjas.net/2017/05/08/ira-financial-group-introduces-cryptocurrency-ira-tax-deferred-gains/ Ditto: http://www.marketwatch.com/story/heres-one-easy-way-to-get-exposure-to-bitcoin-ahead-of-the-winklevoss-etf-2016-08-29
Special Bonus Category One: Eurozone disintegration: it will be The New Fall of The Roman Empire, characterized by all manner of events that will reveal the worthlessness of banks and governments, and thereby the value of cryptographic currencies.
Special Bonus Category Two: ‘ . . . smartphone ownership rates in emerging and developing nations are rising at an extraordinary rate, climbing from a median of 21% in 2013 to 37% in 2015.’
http://www.pewglobal.org/2016/02/22/smartphone-ownership-and-internet-usage-continues-to-climb-in-emerging-economies/
Practically all cryptos now have android wallets. They are better wallets than they were. More people have smartphones that can run those crypto wallets. More people know of and are prepared to use crypto currencies. More people are available to help others adopt via cryptos. Niiiiiice!
submitted by indiamikezulu to CryptoCurrency [link] [comments]

YouTube YouTube  #SaveYourInternet - Article 17 OPINION OF RAGHURAM RAJAN {GOVERNOR OF RBI} ON CRYPTO CURRENCY’S FUTURE. Bitcoin Q&A: Monetary crisis, law, and supply capture Fairlay - Prediction Markets & Exchange

Bitcoin Value For 2018 - Winklevoss Bitcoin Ownership Bitcoin Value For 2018 Why Bitcoin Limited To 21 Million Bitcoin Computer Scam The Winklevoss twins, who became bitcoin's first billionaires, have devised a novel solution to store their crypto fortune. (See more: Winklevoss Twins Are Bitcoin's First Billionaires.) The Winklevoss Bitcoin Trust (Trust) will issue Winklevoss Bitcoin Shares (Shares), which represent units of fractional undivided beneficial interest in and ownership of the Trust. The Trust’s purpose is to hold bitcoins, which are a digital commodity based on the math-based protocols used by the decentralized, peer-to-peer Bitcoin computer network. Math-Based Asset Services, LLC is the ... Bitcoin is a decentralized digital currency, which uses peer-to-peer technology to manage and create bitcoin transactions. Now. The sentence above doesn’t mean much if you don’t already have any knowledge of Bitcoin and blockchain technology. To break down the bitcoin definition in a more simplified manner, this article is what happened. Bitcoin held indirectly through fractional ownership of an entity that can be defrauded or bankrupted is worth less than Bitcoin I can hold securely myself. But since traders can short the Trust, there's a real possibility that a short squeeze could drive the price of shares much higher than NAV. For example, see what happened to Volkswagen stock when there weren't enough shares for short ...

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Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. The future of bitcoin and other virtual currencies from an Investor's perspective. The New York Hearings on Bitcoin (Day 1 Panel 1). Featuring Cameron and Tyler Winklevoss. Winklevoss twins explain the future of Bitcoin - RobGroove Crypto #1 - Duration: 10:42. Rob Groove 39,115 views. 10:42 . Cryptocurrency Wallets for Beginners (Ultimate Step-by-Step Ledger & Trezor ... Speakers: Nicholas Merten (Founder, DataDash YouTube (236k+ subscribers)) Nimrod May (CMO of SIRIN LABS) Shashwat Gupta (Head of BD and Content, YouTube channel Altcoin Buzz (150k+ subscribers ... We will do our best, but the ambiguity in the text of Article 17 will open the door to possible claims from rights holders because, even if we get the rights, the data regarding ownership is so ...

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