Blockchain technology is revolutionary, and it's first child was Bitcoin.
It's sweeping the scenes, and I wish more people knew about it.
If you are a Bitcoin professional, feel free to move right along. However,
if you are curious and looking for some answers from a normal guy, this a good place to start.
It's sweeping the scenes, and I wish more people knew about it.
If you are a Bitcoin professional, feel free to move right along. However,
if you are curious and looking for some answers from a normal guy, this a good place to start.
The internet is moving, changing, and evolving. Right now, today.
From Ethereum to Bitcrytals, the crypto-economy that is emerging will change our lives - through the Internet.
Let's start with the new trading card game Spells of Genesis.
Thousands of people have been following Spells of Genesis for more than 26 months.
26 months before any iOS app release,
26 months before any substantial proof of concept,
and 26 before the game was accessible to everyone.
What could justify so much support, without any substantial profit to back them up?
The answer is blockchain technology.
No one can touch your cards, you own them -digitally. Spells of Genesis finally digitizes the rarity of trading cards we all grew up with.
They are unique, they are digital assets. A totally new concept that came with Bitcoin.
It's frustrating how few people actually understand the concept of digital ownership (I'll give an example later), and what it will and does mean for us as the human race.
No one can touch your cards, you own them -digitally. Spells of Genesis finally digitizes the rarity of trading cards we all grew up with.
They are unique, they are digital assets. A totally new concept that came with Bitcoin.
It's frustrating how few people actually understand the concept of digital ownership (I'll give an example later), and what it will and does mean for us as the human race.
That's right, for the human race, the blockchain technology that came with the Bitcoin is as revolutionary as Google.
Let me say that again, the blockchain technology that came with Bitcoin is as revolutionary if not more - as Google.
Now, I'm not going to prove that to you because plenty of people already have written better articles than I would.
If you're lost and don't know where to start, Read up:
In summary, the internet without blockchain technology was the wagon without the wheel.
In the realm of online banking:
In the realm of online banking:
We are currently waiting days to clear transactions, and need to search endlessly in order to have any sort of trust online.
Many overlook the impact of proof of purchase and proof of work online. The ability to create something digitally that can't be reproduced has tremendous value.
As an example of my frustration:
As an example of my frustration:
Yesterday in class, I mentioned something about Bitcoin and my German instructor responded "what is the dark web anyway?"
Seriously. Some people only relate the technology to the dark web.
. I said "why do you say that?"
The instructor said, "well, is it applicable anywhere else?"
Well yes, it is applicable everywhere else.
Do we think Bitcoin is only for criminals?
or government-haters?
or conspiracy theorists?
Well yes, it is applicable everywhere else.
Do we think Bitcoin is only for criminals?
or government-haters?
or conspiracy theorists?
What about smart contracts and the UN itself?
Some big stuff is going on:
Microsoft, Chase, J.P Morgan, you name it. They are getting behind blockchain technology. It's much more than a conspiracy.
Anyone who has vested interest in any sort of financial future is getting involved in the technology.
With smart contracts, banks can save thousands of dollars, and cut money transfer by 10 times(conservatively).
For those of you that don't understand Ethereum or what I'm talking about...
Ethereum is a new technology fueled by ether, and represented as the crypto-currency Ethereum. There are thousands of cryto-currencies that mimic bitcoin, further the tech, and alter the concept.
Check out some of the bigger ones on Poloniex.
Ethereum is a new technology fueled by ether, and represented as the crypto-currency Ethereum. There are thousands of cryto-currencies that mimic bitcoin, further the tech, and alter the concept.
Check out some of the bigger ones on Poloniex.
Ethereum specifically,
lays out a platform for developers to apply this revolutionary tech throughout the world..
Okay.. so what?
So imagine a world where I can digitally shake your hand, and move thousands of dollars instantly to your wallet. We don't need governments, banks, 4-day transfer times, weekdays, encrypted keys....
we can instantly move any amount of capital through the internet. In seconds.
we can instantly move any amount of capital through the internet. In seconds.
That's just one application,
Right now, the U.N. is tracking and funding refugees using Ethereum.
Yes, the U.N. is tracking and funding refugees using Ethereum, and trust me,
it's not taking place on the dark web.
Yes, the U.N. is tracking and funding refugees using Ethereum, and trust me,
it's not taking place on the dark web.
We need to have a vested interest in this technology as we move toward a global, instantaneous, and open economy.
The future belongs to decentralization.
Ethereum and Ripple are leading the charge.
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