02-04-2021, 07:44 PM
Why crypto has no future
<!-- SC_OFF --><div class="md"><p>Just some really old news from 2018 </p> <p>Why do Bitcoin and cryptoassets have no future…</p> <p>when the NYSE is creating the cryptocurrency trading platform <a href="https://www.reuters.com/article/us-ice-cryptocurrency-bakkt/nyse-owner-ice-to-form-new-company-for-digital-assets-idUSKBN1KO1QN">Bakkt</a> in collaboration with Microsoft and Starbucks with physically backed Bitcoin futures contracts.</p> <p>when <a href="https://www.investinblockchain.com/fidelity-investments-cryptocurrency/">Fidelity</a> is offering it to its clients and has been mining it since 2015.</p> <p>when <a href="https://www.ccn.com/apple-pioneer-steve-wozniak-has-co-founded-a-blockchain-investment-firm/">Steve Wozniak</a> is co-founding a cryptoasset investment firm. </p> <p>when <a href="https://techcrunch.com/2017/06/01/brave-ico-35-million-30-seconds-brendan-eich/">Brendan Eich</a>, creator of JavaScript and Mozilla, started Brave Browser with a built-in ad-blocker and Basic Attention Token (BAT) to reward content creators.</p> <p>when <a href="https://www.investinblockchain.com/qtum-partnership-amazon-web-services-china/">Amazon Web Services</a> partnered with QTUM.</p> <p>when the <a href="https://www.coindesk.com/gates-foundation-use-ripple-interledger-tech-mobile-payments-push/">Bill & Melinda Gates Foundation</a> is utilizing Ripple’s interledger protocol to help with payment services for the financially impoverished and unbanked.</p> <p>when <a href="http://fortune.com/2017/10/16/ibm-blockchain-stellar/">IBM</a> is partnering with Stellar Lumens (XLM) for cross-border payment solutions.</p> <p>when <a href="https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/">Jamie Dimon</a> tells all that it Bitcoin is a “fraud” and that if he catches any employees who own it he would fire them, while in the background JP Morgan and Morgan Stanley bought Bitcoin ETNs on the dip. And then they launched <a href="https://www.jpmorgan.com/global/news/digital-coin-payments">JPM coin</a>!</p> <p>when the <a href="https://www.theverge.com/2018/7/13/17568766/mlb-cryptocurrency-baseball-game-summer">MLB</a> has a licensing agreement for a crypto-based game on the blockchain using the ERC-721 standard for non-fungible tokens. </p> <p>when <a href="http://fortune.com/2018/04/06/george-soros-cryptocurrency-hedge-fund-bitcoin/">George Soros</a> initially bashed cryptocurrencies, only to later buy a stack of Bitcoin at $6k.</p> <p>when <a href="https://www.coindesk.com/alibaba-ibm-lead-global-blockchain-patent-drive-says-report/">Alibaba and IBM</a> have the most blockchain patents in the world.</p> <p>when <a href="https://www.cnbc.com/2018/10/05/yale-investment-chief-david-swensen-jumps-into-crypto-with-bets-on-two-silicon-valley-funds.html">Yale’s endowment</a> invested $400 million in cyptoasset funds.</p> <p>when the <a href="https://www.theverge.com/2017/12/4/16732952/winklevoss-twins-bitcoin-billionaires-surge">Winklevoss twins</a> took $11 million of their Facebook money and put it into Bitcoin in 2013 when it was $120 each. </p> <p>Should I go on?</p> <p>when <a href="https://www.marketwatch.com/story/cybersecurity-legend-bets-his-manhood-that-bitcoin-reaches-500000-mark-with-three-years-2017-07-18">John McAfee bets his manhood</a> that Bitcoin is going to the moon.</p> <p>when <a href="https://www.bloomberg.com/news/articles/2018-05-16/square-s-dorsey-is-all-in-on-bitcoin-as-currency-of-the-future">Jack Dorsey, CEO of Twitter and Square</a>, thinks Bitcoin is the currency of the future.</p> <p>when <a href="https://news.bitcoin.com/richard-branson-blockchain-revolution/">Richard Branson</a> thinks Bitcoin will bring an economic revolution.</p> <p>when <a href="https://www.marketwatch.com/story/goldman-sachs-backed-circle-goes-live-with-currency-linked-stablecoin-and-anyone-can-issue-it-2018-09-26">Goldman-Sachs backed Circle</a> launched a crypto finance company.</p> <p>when <a href="https://www.digitaltransactions.net/first-it-was-trading-through-cash-app-now-square-patents-a-network-for-crypto-acceptance/">Square’s Cash App</a> allowed users to buy and sell Bitcoin.</p> <p>when <a href="https://www.newsbtc.com/2018/10/03/coinbase-to-be-valued-at-8-billion-after-500m-investment-crypto-community-bullish/">Coinbase</a> is valued at $8B.</p> <p>when the founder of YouTube and the founder of Twitch are advising <a href="https://www.forbes.com/sites/johnkoetsier/2017/11/21/new-vr-streaming-service-bittorrent-meets-blockchain-meets-youtube-meets-twitch/#659f5f6a30f8">Theta Token (THETA)</a>.</p> <p>when <a href="https://techcrunch.com/2018/08/10/crypto-mining-giant-bitmain-on-target-for-10b-revenue-this-year/">Bitmain</a> is on track for $10 billion in revenue this year after around $4 billion last year.</p> <p>when <a href="https://finance.yahoo.com/news/crypto-exchange-binance-more-profitable-131925667.html">Binance</a> made more in profit in Q2 2018 than Deutsche Bank.</p> <p>when <a href="https://finance.yahoo.com/news/reddit-co-founder-im-betting-bitcoin-despite-volatility-140356264.html">Reddit co-founder (and husband of Serena Williams — dont forget that) Alexis Ohanian</a> is betting on Bitcoin as a hedge to economic crises. </p> <p>when <a href="https://www.ethnews.com/blockchains-llc-acquiring-over-60000-acres-in-nevada-to-showcase-blockchain-applications-yes-ethereum-no-mining">Blockchains, LLC bought 60,000 acres</a> for their company that will incubate and innovate Ethereum-based blockchain ventures.</p> <p>when the co-founder of Wikipedia is now working on its decentralized counterpart <a href="https://www.forbes.com/sites/peterhigh/2018/02/20/with-everipedia-wikipedias-co-founder-takes-aim-at-his-old-organization/#fd9590d62fbe">Everipedia (IQ)</a>.</p> <p>when <a href="https://www.bbc.com/news/newsbeat-44560789">Akon is launching his own cryptocurrency Akoin</a> to help bring security to the currency system in Africa.</p> <p>when <a href="https://dailyhodl.com/2018/09/30/ashton-kutcher-and-vc-sound-ventures-strive-for-social-impact-through-ripple-for-good/">Ashton Kutcher donated $4 million in XRP to Ellen DeGeneres’ charity</a> by transferring it to her in a matter of seconds.</p> <p>when <a href="https://www.cnbc.com/2017/12/12/social-capitals-palihapitiya-says-bitcoin-is-going-to-1-million-in-the-next-20-years.html">Chamath Palihapitiya</a>, co-owner of the Golden State Warriors and head of Social Capital, invested early in Bitcoin and thinks it’s going to $1 million per coin.</p> <p>when <a href="https://www.ibm.com/blogs/systems/plastic-bank-deploys-blockchain-to-reduce-ocean-plastic/">Plastic Bank</a> is helping those in developing countries earn cryptocurrency while also curing plastic ocean pollution — I know you’ve seen those IBM commercials.</p> <p>when <a href="https://www.coindesk.com/investing-app-robinhood-launches-crypto-trading-in-5-us-states/">Robinhood</a> offers the purchase of cryptos commission-free.</p> <p>when <a href="https://www.nytimes.com/2018/06/14/technology/steve-bannon-bitcoin.html">Steve Bannon</a> is betting on Bitcoin and launching his own cryptocurrency.</p> <p>when <a href="https://www.forbes.com/sites/yoavvilner/2018/10/03/bill-clinton-speaks-at-swell-by-ripple-as-regulatory-concerns-grow/#118851ea22fc">Bill Clinton</a> spoke at the Swell Conference in support of Ripple and blockchain technology. </p> <p>when former <a href="https://cryptoslate.com/former-trump-aide-and-goldman-sachs-exec-gary-cohn-joins-blockchain-startup/">Trump aide and Goldman Sachs exec Gary Cohn</a> is joining a blockchain startup.</p> <p>when the <a href="https://www.coindesk.com/national-football-league-union-partners-with-blockchain-startup/">NFL</a> purchased a stake in blockchain startup SportsCastr.</p> <p>when the NBA goes crypto as the Sacramento Kings mine Ethereum, Bitmain sponsors the Houston Rockets, and former commissioner David Stern backs FanChain.</p> <p>when <a href="https://news.bitcoin.com/first-soros-now-rockefellers-move-into-cryptocurrency/">Rockefeller-owned Venrock</a> is investing in cryptocurrency.</p> <p>when <a href="https://money.cnn.com/2018/08/10/technology/overstock-blockchain-bitcoin-investment-earnings/index.html">Overstock.com</a> is going full-on crypto.</p> <p>when <a href="https://www.forbes.com/sites/nikolaikuznetsov/2017/07/24/how-emerging-markets-and-blockchain-can-bring-an-end-to-poverty/#56dbd1cc4a0c">cryptocurrencies can end poverty</a> and provide financial freedom to those in financial need.</p> <p>When Facebook, with mega partners such as Visa, Mastercard, Lyft, Spotify, Uber, and eBay is <a href="https://www.theblockcrypto.com/2019/06/18/facebook-libra-cryptocurrency-calibra-launch/">launching its Libra cryptocurrency</a> and open source blockchain. </p> <p>When Microsoft is building a <a href="https://www.wired.com/story/microsoft-wants-protect-identity-bitcoin/">decentralized digital ID solution</a> on the Bitcoin blockchain.</p> <p>When <a href="https://www.ft.com/content/54dd4854-bd06-11e9-b350-db00d509634e">New Zealand</a> legalizes companies to pay their employees’ salaries in cryptocurrencies.</p> <p>When <a href="https://fortune.com/2019/05/13/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency/">Flexa</a> partnered with Gemini to launch an initiative that will see major retailers such as Whole Foods, Crate & Barrel, Nordstrom, and Gamestop accept BTC, ETH, BCH, LTC, ZEC and GUSD using Flexa’s SPEDN app.</p> <p>When <a href="https://www.ccn.com/youtubes-biggest-star-pewdiepie-swaps-stream-to-blockchain-video-platform/">PewDiePie</a> partnered to stream exclusively on DLive’s decentralized video streaming platform.</p> <p>When search engine powerhouse Google is partnered with <a href="https://decrypt.co/7527/google-blockchain-plan-chainlink-ethereum">Chainlink</a> and <a href="https://cloud.google.com/blog/products/gcp/working-with-hedera-hashgraph-to-support-the-next-generation-of-distributed-ledger-technology">Hedera Hashgraph</a>. </p> <p>Yeah. This has no future.</p> <p>Accumulate, HODL, and think outside the blocks?!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/fuyumiarakaki"> /u/fuyumiarakaki </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lcidit/why_crypto_has_no_future/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lcidit/why_crypto_has_no_future/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Just some really old news from 2018 </p> <p>Why do Bitcoin and cryptoassets have no future…</p> <p>when the NYSE is creating the cryptocurrency trading platform <a href="https://www.reuters.com/article/us-ice-cryptocurrency-bakkt/nyse-owner-ice-to-form-new-company-for-digital-assets-idUSKBN1KO1QN">Bakkt</a> in collaboration with Microsoft and Starbucks with physically backed Bitcoin futures contracts.</p> <p>when <a href="https://www.investinblockchain.com/fidelity-investments-cryptocurrency/">Fidelity</a> is offering it to its clients and has been mining it since 2015.</p> <p>when <a href="https://www.ccn.com/apple-pioneer-steve-wozniak-has-co-founded-a-blockchain-investment-firm/">Steve Wozniak</a> is co-founding a cryptoasset investment firm. </p> <p>when <a href="https://techcrunch.com/2017/06/01/brave-ico-35-million-30-seconds-brendan-eich/">Brendan Eich</a>, creator of JavaScript and Mozilla, started Brave Browser with a built-in ad-blocker and Basic Attention Token (BAT) to reward content creators.</p> <p>when <a href="https://www.investinblockchain.com/qtum-partnership-amazon-web-services-china/">Amazon Web Services</a> partnered with QTUM.</p> <p>when the <a href="https://www.coindesk.com/gates-foundation-use-ripple-interledger-tech-mobile-payments-push/">Bill & Melinda Gates Foundation</a> is utilizing Ripple’s interledger protocol to help with payment services for the financially impoverished and unbanked.</p> <p>when <a href="http://fortune.com/2017/10/16/ibm-blockchain-stellar/">IBM</a> is partnering with Stellar Lumens (XLM) for cross-border payment solutions.</p> <p>when <a href="https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/">Jamie Dimon</a> tells all that it Bitcoin is a “fraud” and that if he catches any employees who own it he would fire them, while in the background JP Morgan and Morgan Stanley bought Bitcoin ETNs on the dip. And then they launched <a href="https://www.jpmorgan.com/global/news/digital-coin-payments">JPM coin</a>!</p> <p>when the <a href="https://www.theverge.com/2018/7/13/17568766/mlb-cryptocurrency-baseball-game-summer">MLB</a> has a licensing agreement for a crypto-based game on the blockchain using the ERC-721 standard for non-fungible tokens. </p> <p>when <a href="http://fortune.com/2018/04/06/george-soros-cryptocurrency-hedge-fund-bitcoin/">George Soros</a> initially bashed cryptocurrencies, only to later buy a stack of Bitcoin at $6k.</p> <p>when <a href="https://www.coindesk.com/alibaba-ibm-lead-global-blockchain-patent-drive-says-report/">Alibaba and IBM</a> have the most blockchain patents in the world.</p> <p>when <a href="https://www.cnbc.com/2018/10/05/yale-investment-chief-david-swensen-jumps-into-crypto-with-bets-on-two-silicon-valley-funds.html">Yale’s endowment</a> invested $400 million in cyptoasset funds.</p> <p>when the <a href="https://www.theverge.com/2017/12/4/16732952/winklevoss-twins-bitcoin-billionaires-surge">Winklevoss twins</a> took $11 million of their Facebook money and put it into Bitcoin in 2013 when it was $120 each. </p> <p>Should I go on?</p> <p>when <a href="https://www.marketwatch.com/story/cybersecurity-legend-bets-his-manhood-that-bitcoin-reaches-500000-mark-with-three-years-2017-07-18">John McAfee bets his manhood</a> that Bitcoin is going to the moon.</p> <p>when <a href="https://www.bloomberg.com/news/articles/2018-05-16/square-s-dorsey-is-all-in-on-bitcoin-as-currency-of-the-future">Jack Dorsey, CEO of Twitter and Square</a>, thinks Bitcoin is the currency of the future.</p> <p>when <a href="https://news.bitcoin.com/richard-branson-blockchain-revolution/">Richard Branson</a> thinks Bitcoin will bring an economic revolution.</p> <p>when <a href="https://www.marketwatch.com/story/goldman-sachs-backed-circle-goes-live-with-currency-linked-stablecoin-and-anyone-can-issue-it-2018-09-26">Goldman-Sachs backed Circle</a> launched a crypto finance company.</p> <p>when <a href="https://www.digitaltransactions.net/first-it-was-trading-through-cash-app-now-square-patents-a-network-for-crypto-acceptance/">Square’s Cash App</a> allowed users to buy and sell Bitcoin.</p> <p>when <a href="https://www.newsbtc.com/2018/10/03/coinbase-to-be-valued-at-8-billion-after-500m-investment-crypto-community-bullish/">Coinbase</a> is valued at $8B.</p> <p>when the founder of YouTube and the founder of Twitch are advising <a href="https://www.forbes.com/sites/johnkoetsier/2017/11/21/new-vr-streaming-service-bittorrent-meets-blockchain-meets-youtube-meets-twitch/#659f5f6a30f8">Theta Token (THETA)</a>.</p> <p>when <a href="https://techcrunch.com/2018/08/10/crypto-mining-giant-bitmain-on-target-for-10b-revenue-this-year/">Bitmain</a> is on track for $10 billion in revenue this year after around $4 billion last year.</p> <p>when <a href="https://finance.yahoo.com/news/crypto-exchange-binance-more-profitable-131925667.html">Binance</a> made more in profit in Q2 2018 than Deutsche Bank.</p> <p>when <a href="https://finance.yahoo.com/news/reddit-co-founder-im-betting-bitcoin-despite-volatility-140356264.html">Reddit co-founder (and husband of Serena Williams — dont forget that) Alexis Ohanian</a> is betting on Bitcoin as a hedge to economic crises. </p> <p>when <a href="https://www.ethnews.com/blockchains-llc-acquiring-over-60000-acres-in-nevada-to-showcase-blockchain-applications-yes-ethereum-no-mining">Blockchains, LLC bought 60,000 acres</a> for their company that will incubate and innovate Ethereum-based blockchain ventures.</p> <p>when the co-founder of Wikipedia is now working on its decentralized counterpart <a href="https://www.forbes.com/sites/peterhigh/2018/02/20/with-everipedia-wikipedias-co-founder-takes-aim-at-his-old-organization/#fd9590d62fbe">Everipedia (IQ)</a>.</p> <p>when <a href="https://www.bbc.com/news/newsbeat-44560789">Akon is launching his own cryptocurrency Akoin</a> to help bring security to the currency system in Africa.</p> <p>when <a href="https://dailyhodl.com/2018/09/30/ashton-kutcher-and-vc-sound-ventures-strive-for-social-impact-through-ripple-for-good/">Ashton Kutcher donated $4 million in XRP to Ellen DeGeneres’ charity</a> by transferring it to her in a matter of seconds.</p> <p>when <a href="https://www.cnbc.com/2017/12/12/social-capitals-palihapitiya-says-bitcoin-is-going-to-1-million-in-the-next-20-years.html">Chamath Palihapitiya</a>, co-owner of the Golden State Warriors and head of Social Capital, invested early in Bitcoin and thinks it’s going to $1 million per coin.</p> <p>when <a href="https://www.ibm.com/blogs/systems/plastic-bank-deploys-blockchain-to-reduce-ocean-plastic/">Plastic Bank</a> is helping those in developing countries earn cryptocurrency while also curing plastic ocean pollution — I know you’ve seen those IBM commercials.</p> <p>when <a href="https://www.coindesk.com/investing-app-robinhood-launches-crypto-trading-in-5-us-states/">Robinhood</a> offers the purchase of cryptos commission-free.</p> <p>when <a href="https://www.nytimes.com/2018/06/14/technology/steve-bannon-bitcoin.html">Steve Bannon</a> is betting on Bitcoin and launching his own cryptocurrency.</p> <p>when <a href="https://www.forbes.com/sites/yoavvilner/2018/10/03/bill-clinton-speaks-at-swell-by-ripple-as-regulatory-concerns-grow/#118851ea22fc">Bill Clinton</a> spoke at the Swell Conference in support of Ripple and blockchain technology. </p> <p>when former <a href="https://cryptoslate.com/former-trump-aide-and-goldman-sachs-exec-gary-cohn-joins-blockchain-startup/">Trump aide and Goldman Sachs exec Gary Cohn</a> is joining a blockchain startup.</p> <p>when the <a href="https://www.coindesk.com/national-football-league-union-partners-with-blockchain-startup/">NFL</a> purchased a stake in blockchain startup SportsCastr.</p> <p>when the NBA goes crypto as the Sacramento Kings mine Ethereum, Bitmain sponsors the Houston Rockets, and former commissioner David Stern backs FanChain.</p> <p>when <a href="https://news.bitcoin.com/first-soros-now-rockefellers-move-into-cryptocurrency/">Rockefeller-owned Venrock</a> is investing in cryptocurrency.</p> <p>when <a href="https://money.cnn.com/2018/08/10/technology/overstock-blockchain-bitcoin-investment-earnings/index.html">Overstock.com</a> is going full-on crypto.</p> <p>when <a href="https://www.forbes.com/sites/nikolaikuznetsov/2017/07/24/how-emerging-markets-and-blockchain-can-bring-an-end-to-poverty/#56dbd1cc4a0c">cryptocurrencies can end poverty</a> and provide financial freedom to those in financial need.</p> <p>When Facebook, with mega partners such as Visa, Mastercard, Lyft, Spotify, Uber, and eBay is <a href="https://www.theblockcrypto.com/2019/06/18/facebook-libra-cryptocurrency-calibra-launch/">launching its Libra cryptocurrency</a> and open source blockchain. </p> <p>When Microsoft is building a <a href="https://www.wired.com/story/microsoft-wants-protect-identity-bitcoin/">decentralized digital ID solution</a> on the Bitcoin blockchain.</p> <p>When <a href="https://www.ft.com/content/54dd4854-bd06-11e9-b350-db00d509634e">New Zealand</a> legalizes companies to pay their employees’ salaries in cryptocurrencies.</p> <p>When <a href="https://fortune.com/2019/05/13/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency/">Flexa</a> partnered with Gemini to launch an initiative that will see major retailers such as Whole Foods, Crate & Barrel, Nordstrom, and Gamestop accept BTC, ETH, BCH, LTC, ZEC and GUSD using Flexa’s SPEDN app.</p> <p>When <a href="https://www.ccn.com/youtubes-biggest-star-pewdiepie-swaps-stream-to-blockchain-video-platform/">PewDiePie</a> partnered to stream exclusively on DLive’s decentralized video streaming platform.</p> <p>When search engine powerhouse Google is partnered with <a href="https://decrypt.co/7527/google-blockchain-plan-chainlink-ethereum">Chainlink</a> and <a href="https://cloud.google.com/blog/products/gcp/working-with-hedera-hashgraph-to-support-the-next-generation-of-distributed-ledger-technology">Hedera Hashgraph</a>. </p> <p>Yeah. This has no future.</p> <p>Accumulate, HODL, and think outside the blocks?!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/fuyumiarakaki"> /u/fuyumiarakaki </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lcidit/why_crypto_has_no_future/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lcidit/why_crypto_has_no_future/">[comments]</a></span>Kind Regards R