To Bitcoin or Not to Bitcoin? That is the Question...Digital Assets, Market Corrections, Profit Taking & Where to Invest
Digital Assets, Market Corrections, Profit Taking & Where to Invest..
The Bitcoin revolution OR evolution has been going on since its inception back in January 2009.
Since then many have taken this technology the 'blockchain' and used it for a variety of purposes. This sector of the market is new and has some big dreams that have been put out there. With statements like revolutionising finance, to the new way machines will interact with each other IOT (Internet Of Things) and a wide variety of other 'things' blockchain can be used for. Like birth certificates and passports etc.
What excites me is projects like bitcoin and the underlying economic premise behind it. Namely that value is according to what the user perceives and that because of it's rigid framework as a digital widget it has taken on a life of it's own. Bitcoin is an asset class in its own right, but it's more than that. The technology that underpins it is full of hope and dreams and thousands of developers, entrepreneurs, technologists, start ups and more are getting on board with it. It is definitely in the innovator phase. The future will most likely be a huge variety of chains with linkages built across these. There is a push by some large institutions and private sector companies to establish their own private chains and there will be merit in these. However the value of public chains like Bitcoin cannot be understated.
The projects that have spawned since Bitcoins birth are full of promise, Ethereum is a variation of the Bitcoin blockchain and has spawned a whole asset class in itself as well as its derivatives that are based on its ERC20 Token.
The innovations that this new form of tech is mind blowing. It has shown that investment in ideas can be open source, global and lucrative. With ICO's booming there are many ideas that are going to see commercialisation because of the amount of funding that has been injected into them.
The most important thing in this space is time, as this whole sector and technology will need time to mature and prove it's robustness, there is no question of its utility.
To Bitcoin or not to bitcoin is really not a question at all. It is possibly the best bit of technological innovation that has come since the mobile phone itself and the two coupled together will transform the world as we know it. There will be a consolidation as BIP 148 plays out and talk of forks in Bitcoin and Ethereum play out. To be sure however that in the medium to long term, these will settle and mass adoption will start to take effect.
Bitcoin has enabled the growth of a new market and technology sector which will change the world forever. Projects such as Golem will change the way computing power is used globally. The scope and impact of this project will not be fully appreciated until it is up and running and functioning. It will change the way computations are made and will hugely enable our next technological evolution by bringing AI and computational mass to a level that has never been seen before. This coupled with The project called Sia bringing mass storage to the same level that Golem is bringing with computational mass will allow both of these technologies to work synergistic-ally. When we fully start to explore the size and scope of the computations that will be possible and the widespread availability of this we will see the breakthroughs in science that have not yet been possible. Especially it will allow home innovation and computation like never before possible. The home enthusiast will be able to explore and model things like, new materials science, molecular modelling, animation, design, AI and more.
The market is waiting for these new platforms and applications to start rolling out as this happens confidence will begin to sure up the market, in the meantime the scam digital assets, currencies & assets will disappear.
Keep an eye on some projects like; DigixDAO, PIVX, IOTA,
Use our cash to Bitcoin ATM the best and fastest way to get into digital assets... Click here to go to our website. Quickbit Bitcon Exchange ATM.
Since then many have taken this technology the 'blockchain' and used it for a variety of purposes. This sector of the market is new and has some big dreams that have been put out there. With statements like revolutionising finance, to the new way machines will interact with each other IOT (Internet Of Things) and a wide variety of other 'things' blockchain can be used for. Like birth certificates and passports etc.
What excites me is projects like bitcoin and the underlying economic premise behind it. Namely that value is according to what the user perceives and that because of it's rigid framework as a digital widget it has taken on a life of it's own. Bitcoin is an asset class in its own right, but it's more than that. The technology that underpins it is full of hope and dreams and thousands of developers, entrepreneurs, technologists, start ups and more are getting on board with it. It is definitely in the innovator phase. The future will most likely be a huge variety of chains with linkages built across these. There is a push by some large institutions and private sector companies to establish their own private chains and there will be merit in these. However the value of public chains like Bitcoin cannot be understated.
The projects that have spawned since Bitcoins birth are full of promise, Ethereum is a variation of the Bitcoin blockchain and has spawned a whole asset class in itself as well as its derivatives that are based on its ERC20 Token.
The innovations that this new form of tech is mind blowing. It has shown that investment in ideas can be open source, global and lucrative. With ICO's booming there are many ideas that are going to see commercialisation because of the amount of funding that has been injected into them.
The most important thing in this space is time, as this whole sector and technology will need time to mature and prove it's robustness, there is no question of its utility.
To Bitcoin or not to bitcoin is really not a question at all. It is possibly the best bit of technological innovation that has come since the mobile phone itself and the two coupled together will transform the world as we know it. There will be a consolidation as BIP 148 plays out and talk of forks in Bitcoin and Ethereum play out. To be sure however that in the medium to long term, these will settle and mass adoption will start to take effect.
Bitcoin has enabled the growth of a new market and technology sector which will change the world forever. Projects such as Golem will change the way computing power is used globally. The scope and impact of this project will not be fully appreciated until it is up and running and functioning. It will change the way computations are made and will hugely enable our next technological evolution by bringing AI and computational mass to a level that has never been seen before. This coupled with The project called Sia bringing mass storage to the same level that Golem is bringing with computational mass will allow both of these technologies to work synergistic-ally. When we fully start to explore the size and scope of the computations that will be possible and the widespread availability of this we will see the breakthroughs in science that have not yet been possible. Especially it will allow home innovation and computation like never before possible. The home enthusiast will be able to explore and model things like, new materials science, molecular modelling, animation, design, AI and more.
The market is waiting for these new platforms and applications to start rolling out as this happens confidence will begin to sure up the market, in the meantime the scam digital assets, currencies & assets will disappear.
Keep an eye on some projects like; DigixDAO, PIVX, IOTA,
Use our cash to Bitcoin ATM the best and fastest way to get into digital assets... Click here to go to our website. Quickbit Bitcon Exchange ATM.
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