Why WAX Token Is Interesting

Although WAX is relatively high-profile,  I believe it’s undervalued and underestimated.  I could see WAX outlasting and out-performing a lot of the bigger platforms targeting other markets that while more seemingly useful, face a wider range of competition.

There are a lot of use cases for blockchain technology and the most underestimated are those that target niche but growing markets. The WAX token is perfect in that regard, as it’s targeting the virtual item economies, which are a fast-growing market that’s relatively new and not fully capitalized on. In the crypto-space itself, WAX has few prime competitors and has positioned itself to potentially dominate the market.

People don’t understand how big virtual item economies are and will become nor how much value they could derive for a token like WAX. For example, the CS:GO virtual item economy is worth millions and the intermediaries that are capitalizing on it, such as OPskins, which WAX is partnered with, have a great deal of annual revenue. That’s only a single virtual item economy of many, as well as those to be created. Altogether, it’s estimated to be a fifty billion dollar market and growing.

These are the main aspects that make WAX a good choice.

  • Integrated Marketing Via OPskins
  • Targets New & Growing Market
  • Provides Necessary Market Solution
  • Low Exchange Listing Despite High-Profile
  • Relatively Low Circulation
  • Unifies & Benefits From Fragmented Market 

     

    Besides that, it’s also attractive because a single hit virtual economy utilizing WAX could bring the price up significantly.  It has become increasingly common for people to distinguish their virtual profiles by buying specific cosmetic items. With VR and many other developments in the gaming industry, this trend is likely to grow significantly.  So, in my perspective, it’s not an if but when a stand-out economy or platform takes advantage of WAX that makes it appealing.

    Due to the wide range of competition in blockchain technology, a good idea is to focus on platforms that provide a specific solution and do it well. That is why Ripple has performed well compared to platforms attempting to be the ‘jack of all trades’ and why WAX is an interesting but underestimated platform.

Cryptocurrency: What Else To Expect This Year

  • A gradual process of bypassing the intermediary-pairing status of Bitcoin/Ethereum will begin, as alternatives such as Ripple, Stellar, and Bitcoin Cash are used instead. ( See: FairX, ViaBTC, Arrington Hedge Fund, Stripe, Robinhood, etc… )
  • In short, the above will reduce the bottle-necking of Coinbase and  exchanges in general. People will begin to become disillusioned with Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Simply put, when there isn’t only four options to choose from, people will explore other cryptocurrencies that are more capable and promising. It will probably be late in the year, or early next year when this really hits people.
  • The pseudo-intellectual Bitcoin Maximalists are in for a rude-awakening as whale-centric Bitcoin cannot possibly compete with the serious players stepping in from a large variety of angles on a global scale. Bitcoin will be technically out-competed by the industry itself. Perhaps not this year but sooner or later. This idea that the BTC centralizers are actually capable of containing this market and industry is simply absurd. It isn’t going to work in the long-run. The DCG isn’t going to rule this space forever and even if Bitcoin does become accepted as “digital gold”, it won’t stop others assets from outperforming it.
  • Expect more institutional support but resistance, too, whether it be via banking, taxation, or other types of oversight.
  • Big players such as Facebook, Apple, or Amazon, could be entering the space this year. Already, Mark Zuckerburg has stated that Facebook will explore cryptocurrency. It’s inevitable that big players will stake a position either by joining a pre-existing blockchain or creating their own.
  • Regulatory updates and clarity are inevitable. While it’s possible market swings are caused by this, I don’t believe it will threaten the ecosystem at all. In fact, I believe this will solidify and strengthen the space in the long-run.
  • More 3rd generation blockchains will separate themselves from the pack. I would expect projects such as ORBS to be in the upper-echelon by the end of 2018 or early 2019. It’s just  hard to imagine that more competition isn’t on the way and that it won’t be just as viable and ready for use. It will be.
    Remember when Storj migrated to Ethereum from Bitcoin? Well, that’s happening with Ethereum. For example, KIN’s switch from Ethereum to Stellar. Believe it or not, there could be a switch for KIN to ORBS. In short, we can expect more migration from older to newer platforms. It will depend on their needs, really. Many will be  fine on Ethereum assuming the proper upgrades are made, some will require more capacity than legacy networks can currently offer.
  • Despite the ridiculous “no use cases” doomed-to-fail projections that are as equally indulgent and lazy as they are contrarian, the products and use cases are on the way. There are many valid uses for blockchain technology but this is obviously an emerging sector. It’s not a matter of if but when. IT JUST TAKES TIME. The  uses are emerging and will continue to.
  • The tribalism and jealousy gets ugly.  When 3rd generation networks begin to gain their footing, you can expect a lot of salty behavior from the Coinbase kids, who have already reacted with rage when Ripple, Stellar, Cardano, and others were performing better than Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. You’ll see some more of this later this year. I can see it now. Oh my god, how did Mobius and Orbs just jump into top 20 out of no where, it’s obviously being pumped. 
  • I originally thought Coinbase would add more cryptocurrencies since that is, in fact, what they said would happen. Now, I’m under the impression it will maintain the status quo and will certainly NOT support anything that is a threat to Ethereum. So yeah, don’t expect them to add NEO, Cardano or Stellar, for example. Instead, if they are to add support, expect them to add the Ethereum-built assets or trash like DASH or perhaps an affiliated DCG asset, such as Ripple or Zcash. So, I expect many to drop Coinbase as soon as “FairX” and-or “SDEX” and other options are open.
  • Expect a massive Stellar run-up followed by people criticizing it for bogus reasons. It happens every time. For example, no one cared the least about Ripple, until it became a powerhouse. Suddenly, a lot of people came out of the woodwork to scream centralization, XRP won’t be used, the test pilots are a marketing scheme. Simply put, just about any angle they could take to soothe their regret for not having bought the best performing cryptocurrency of 2017. In 2018, those people will be the same people whining about Stellar.I know this will happen because people are overly idealistic and let their personal perspectives create financial biases. It’s easy for an idealistic libertarian to believe in Bitcoin but is Bitcoin going to out perform a corporate driven business model and a high end road map for implementing it? NO. That’s why it doesn’t perform better than Ripple. Likewise, Stellar, NEM, and many others have the right model and the type of market cap that does not defeat the average Joe’s price range psychology.  Even Binance Coin, for example, has a very interesting model to assure its growth.
    2017's Biggest Cryptoassets Ranked by Performance
  • Expect more Ethereum failures, hacks, and bugs this year.  Despite this, Ethereum will rise in price due to the nature of the ecosystem because regardless of its security issues, it’s the Ethereum-built assets that might essentially make Ethereum a valuable asset itself and not Ethereum in itself. The only exception being a massive bug or hack that it can’t recover from or if something like Stellar and-or  Mobius and others mitigate and absorb too much of projects in the works, prompting them to ditch Ethereum thus creating a shift in paradigm that leaves Ethereum in doubt. It’s difficult to predict how things will play out with Ethereum because sometimes lesser technically capable entities outperform others simply because the infrastructure, backing, and team are there to prop it.
  • I’d expect some breakthroughs in blockchain technology this year or the next. Most likely, it would come via Cardano, Ethereum, or a lesser known platform.

What To Expect, Generally Speaking 

 A lot of people expect Bitcoin to surge bringing alts into a bear market while Bitcoin retains its market dominance. I don’t understand the purpose of this projection, it’s remarking upon an obvious pre-existing cycle that’s almost if not guaranteed to repeat itself. That’s not an informed prediction, it’s stating the obvious. It’s a short-sighted “See, I called it” type of prediction that’s just stupid and irrelevant. Personally, I could see that happening but it’s also just as possible that Bitcoin only has a handful of new all-time-highs. That’s to say, it could easily be outcompeted within the next year or two, and gradually left in the dust unless it truly retains its “digital gold” status.

I could see Bitcoin reaching a new high late this year or early next year, and then being overtaken by Ethereum, Ripple, or Stellar in marketcap a week or so later. Perhaps, this could take place sooner than I expect, within 4-7 months.

Perhaps Bitcoin does succeed as digital gold but I’m skeptical in the long-term.  I think this is a new technology and that this is just the beginning. I believe the best and most competitive platforms are yet to have truly distinguished themselves.

In short, I think Stellar, Orbs, Cardano, Ripple, and the like are more likely to perform well in the long-term in contrast to ETH, LTC, BTC, or BCH. I’m not proclaiming with absolute certainty that they can’t retain value or that Bitcoin won’t work as a store of value but it’s just hard to believe that they will be able to compete with Ripple, Stellar, Cardano, Orbs, Mobius, etc…  in terms of performance and technical utility.

Facebook Will Partner With Litecoin? Don’t Bank On It

Recently, we saw some outlets contemplating that the Facebook ad ban on cryptocurrencies was in anticipation of a possible Litecoin partnership.  For example, this Zerohedge article.  The people speculating a partnership with Litecoin and Facebook are dumb. They don’t understand the technology. It’s almost laughable that as soon as this happens, they just assume there’s a Litecoin partnership. It really shows you how uniformed people are about this space, how limited their perception of it is. If anything, it is far more likely that they would use the Stellar Network, perhaps something else down the road such as Orbs or even their own blockchain. They will need far more capacity than what Bitcoin, Ethereum, Bitcoin Cash, OR Litecoin can currently handle.

Let me put it this way. Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and  others weren’t good enough for KIN, which will become integrated with KIK. So, what did they do? They chose the Stellar Network. Well, even the Stellar Network might not have the capacity they’re looking for, so they may switch to Orbs. So…   if none of those were capable enough for KIN, perhaps even Stellar, what makes anyone think that Facebook is going to use Litecoin? It just seems unlikely to me, very unlikely. If Facebook DID partner with Litecoin, I’d consider it foolish when other platforms were performed better.

Trust me, these companies aren’t going to wait around for the almighty promise of the Lightening Network. Like Stripe, like Kin, like so many others, they will ditch the legacy networks for the ones that are most fitting and capable right now.

Did Newt Gingrich Know About The Secret Society: Who Else Knew?

In 2016, Newt Gingrich spoke about why the “establishment” didn’t take kindly to Donald Trump. He said that Trump is not one of them, that he is not a member of “the secret society”.  Notice how he does not say societies but society, as if he is referring to one particularly.

This sounds precisely like the secret society mentioned in the texts from the former FBI agents involved in the Russian probe.

If Gingrich was, in fact, alluding to this very thing back in 2016, which is certainly probable, then who else knows? It should be clear by now, this is the “deep state” or “shadow government”, not to be confused with the MIC deep state or shadow gov.  Another thing we should ask is who else knows?

It’s safe to believe that Trump knew if Gingrich knew, and many of those connected with Trump and Gingrich.

This brings up a ton of important questions.

Is this the same ‘secret society’ Gingrich described? Did everyone know about it already? Did Michael Flynn and Michael S. Rogers know? Was this all a part of the counter-coup efforts of Trump and group to expose this secret society? If this all blows up in their face, what will they do in retaliation against Trump and group?

Seth Rich & Proximity Confirmation

 In the dark depths of political warfare, absolutely tragic things occur. Lives are lost and people are killed to avoid unveiling an inconvenient truth.

In the politicized upper-echelon of the intelligence community, a plot was hatched and a narrative was fabricated as both leverage against Russia and Donald Trump. Perhaps, an incentive and motive was also simultaneously created to keep such a conspiracy under wraps and it could have rendered a life expendable to these conspirators.

I don’t believe Seth Rich was robbed. I believe he was murdered and that it’s been kept under wraps on both sides of the spectrum due to the immense political chaos and fallout that it would create.

How can we know?

Donald Trump is brash but he’s not crazy. He’s not going to confirm such a thing but would his son? Asking these type of questions are  how you use proximity to decipher an inconvenient truth.

Sometimes someone in-the-know can’t unveil something but a person close to them can or at least, will allude to it. Of course, I speak of Donald Trump Jr. acknowledging Seth Rich’s death in relation to Donna Brazile’s controversial statements about him. This is not to mention that Julian Assange himself, the man who actually knows who the leaker was, has seemingly alluded to this all. You’ve not only had correspondence between Trump Jr. and Assange, ( both having alluded to Rich’s murder ) but also have a DNC insider, Brazile,  who has alluded to the same.

If you’ve got multiple people close to the matter on opposite sides of the political spectrum suggesting the same thing, it’s probably true.

Stellar & Ripple: Steady Incline Before Announcements

 There’s a steady incline on Stellar and Ripple and both have confirmed partnerships that are yet to be announced. Due to the expected 2X hard fork which did not occur, most groups were expecting to make announcements after the 16th following the fork. However, due to the conflict launched by the Bitcoin Cash backers and cancellation of 2X, most people simply forgot about what was sure to be an ideal moment for announcements.

With that said, Stellar and Ripple are looking steady and are practically sure to experience a surge after the announcements that are likely to take place soon. I believe this will happen between the 16th-20th. However, it’s possible that shifts are being made for strategic purposes. These announcements may be set for a delay due to Bitcoin Futures, which will absorb most of the attention this December, as well as the developments that follow.  If neither are made soon, then we’ll likely have to wait for January or February.

Both Ripple and Stellar are being vastly underestimated, especially Stellar. Everyone has their eyes on Bitcoin and Ethereum but these two groups are the ones making the most progress. I expect 2018 to be a massive year for both. You could see Stellar with the market cap currently seen in Ripple and Ripple retain its third place market cap by the end of 2018.

Ripple & the Gates Foundation Partnering To “Level Economic Playing-Field” for the Poor

Ripple has announced that it’s teaming up with the Gates Foundation in order to “level the economic playing field for the poor.

“Many of the world’s poor in developing countries — nearly 2 billion, according to the World Bank — struggle to lift themselves out of poverty simply because they don’t have a bank account or financial services.

This is a missed opportunity for the financial services industry that has traditionally focused on the rich and middle class. In fact, developing markets represent the next frontier for economic growth.

Mobile wallets can be an effective, alternative solution for unbanked people, but it’s costly and complicated for banks to develop digital financial services for new markets, as well as make them interoperable so that digital money can be exchanged as freely and fluidly as cash.

This lack of interoperability not only prevents financial growth for the impoverished, but also slows growth for local and national economies.

However, a new collaboration supported by the Bill & Melinda Gates Foundation will change that. Ripple, in partnership with Dwolla, ModusBox, Software Groupand Crosslake Technologies, with funding and support from the Gates Foundation, developed a new open-source software called Mojaloop for creating a real-time, interoperable payments platform on a national scale to reach the world’s poor with essential financial tools.

A New Interoperable System to Bring the Poor into the Global Economy

Leveraging the power of the Interledger Protocol (ILP), Mojaloop offers a way for financial providers, governments and mobile network operators to simplify and reduce the cost of developing inclusive payments platforms.

Mojaloop can be used to connect customers, merchants, banks, providers and government offices across a country’s economy — accelerating progress toward a truly inclusive economy.

The new software is a boon for the 90 percent of the world’s poor that don’t have bank accounts and are covered by different mobile signals.

Now, individuals in developing markets can send and receive payments on any Level One-enabled payment system and store the funds in a mobile wallet.

This revolutionary technology provides a bridge between mobile networks and financial providers in order to drive prosperity in local, national and regional economies — helping to create an Internet of Value.

Ripple’s Chief Technology Officer Stefan Thomas said, “Enabling the poor to make payments to anyone, anywhere, using a mobile wallet has implications beyond increased access to their domestic economies. It has the potential to bring millions into the fold of the global digital economy. We are honored to have been a part of this project.”

Kosta Peric, deputy director, Financial Services for the Poor, at the Bill & Melinda Gates Foundation, added, “We believe that everyone benefits from an economy that includes everyone. This software can help empower billions of new customers and drive massive economic growth in developing markets.”

“The open-source code we have created thanks to the contribution of Ripple, as well as Dwolla, ModusBox, Software Group and Crosslake Technologies, will give billions of people the opportunity to make and receive payments using their mobile wallets. It is our hope that they will be able to buy and sell goods and services in a way that is safe, transparent, affordable and instant,” Peric concluded.

Where Can Mobile Networks Access Mojaloop?

Mojaloop is free of charge and available to developers to use via GitHub. Ripple and the Gates Foundation encourage anyone who’s interested in Mojaloop to explore the software, use it to build or adapt products and services, or offer updates to the software.”
( Ripple )

IBM & Stellar Launch Global Payment Platform: Stellar Explodes Over 150.00%

According to Fortune, IBM and Stellar have launched a global payment platform.  This major announcement has caused Stellar Lumens to experience an increase of over 150.00% within five hours of the announcement.

“In a breakthrough for payments technology, IBM and a network of banks have begun using digital currency and blockchain software to move money across borders throughout the South Pacific.

The significance of the news, which IBM announced on Monday, is that merchants and consumers will be able to send money to another country in near real-time, accelerating a payments process that typically takes days.

The banking network includes “12 currency corridors” that encompass Australia and New Zealand, as well as smaller countries like Fiji and Tonga. It will reportedly process up to 60 percent of all cross-border payments in the South Pacific’s retail foreign exchange corridors by early next year.

The news also comes as an important validation of blockchain technology, which has long promised enormous efficiencies for the financial sector, but has been slow to move from the concept stage to the real world.” ( Fortune )

Monero & Ripple: Top Contenders For Coinbase Support?

 On January 2, 2017, the co-founder and CEO of Coinbase, Brian Armstrong, stated that the exchange was not just a Bitcoin company but a cryptocurrency company. In 2017, we can expect the trend of adding more cryptocurrency to Coinbase to continue, he says.

Despite having Litecoin founder, Charlie Lee, at Coinbase, it took some time to add Litecoin support. This would indicate that Coinbase isn’t in the business of supporting just any cryptocurrency. Coinbase appears to be a standard bearer of exchanges and will probably add only the more stable of cryptocurrencies to its platform, crypto that has serious developer foundation and viability.

Monero

We believe Monero fits that profile and that Coinbase will add Monero to its exchange within the next year.

Monero has private transactions, it’s privacy tech is well-tested, there isn’t high inflation, and there is no tax on miners to pay investors. It certainly ranks higher among the cryptocurrency hierarchy.

As a side note, Monero is followed by Charlie Lee, Coinbase, and Coinbase CEO Brian Armstrong on Twitter. Of course, this isn’t necessarily indicative of future Coinbase support but it shows that Coinbase and its staff are supportive of Monero.

We also believe that Ripple and Stellar could be added to Coinbase in the near future, perhaps before Monero. In fact, if not Monero first, it would probably be Ripple.

NOTE: We are not counting Bitcoin Cash, Bitcoin Gold, or Bitcoin 2x, as these are hard forks and essentially force support that would not otherwise naturally occur. Bitcoin Cash will be added to Coinbase, it’s not known whether or not Bitcoin Gold will be, and the future of BTC 2x is not known.

Is Bitcoin Becoming Too Entrenched To Fail?

 In the analysis of things, there’s always this pseudo-intellectual tendency of subscribing to the seemingly ‘objective’ or safe bet. Ironically, this tendency is precisely what makes it difficult for people to perceive things objectively. To the pseudo-skeptic who is not skeptical of his own skepticism, Bitcoin is obviously ‘in a bubble’ and ‘it will be stopped by governments and banks’. This isn’t an objective perspective, it’s an appeal to the establishment’s power and capacity to crush any innovation that usurps its authority.

If we’re speaking objectively, the expected volatility will decrease over time and the legal framework around cryptocurrency suggests that governments and banks actually aren’t trying to prevent its use, at least not to the extent commonly implied. Instead, what we’re seeing is simply caution but positive reception to potential innovation.

Shifting Tides 

When Jamie Dimon, CEO of JPMorgan, said that Bitcoin is a fraud, he wasn’t met with applause. Instead, he was systematically attacked and overwhelmed with disagreement, even from the mainstream media.

New York Times: What Jamie Dimon Is Missing About Bitcoin
Forbes: Jamie Dimon, Here’s Why You’re Wrong About Bitcoin
Bloomberg: What Jamie Dimon Got Wrong About Bitcoin and Tulips
The Guardian: Don’t Let The Bankers Fool You: Bitcoin Here To Stay
CNBC: Why JPMorgan CEO Jamie Dimon Is Wrong About Bitcoin

Dimon was scrutinized by various sectors, from Zerohedge pointing out that JPMorgan’s ‘Bitcoin-alternative patent was rejected 175 times, his former head of global macro at JPMorgan telling him to “STFU”, media outlets reporting on JPMorgan handling Bitcoin-related trade, Dimon facing a market abuse claim over ‘False, Misleading’ Bitcoin comments, the CEO of Morgan Stanley refuting Dimon, saying it’s ‘not just a fade’, an analyst ‘firing shots’ at JPMorgan and Dimon for calling Bitcoin a fraud, etc…

What I’m getting at is simple. If Bitcoin is becoming entrenched enough to be systematically defended, it’s going to survive and it’s going to succeed. The more interdependent relationships, the more entrenchment into the lives of individuals and nations, the better. On that front, there are countless examples of Bitcoin and cryptocurrency becoming increasingly entrenched.

Escaping Failing Fiat 

 There’s a global shift into cryptocurrency, especially among countries with failing currencies. Specifically, Venezuela, Colombia, Argentina, UK, Belarus, Ukraine, Brazil, Germany, Egypt, and Russia, are all utilizing Bitcoin. In fact, in Venezuela, we could be seeing the first ‘Bitcoinization’ of a sovereign nation.

Legal Framework

The majority of countries allow the use of cryptocurrency, besides Bangladesh, Bolivia, Kyrgyzstan, and Ecuador. These bans aren’t exactly effective, either. In Ecuador, for example, use has growth despite illegality.

Use of cryptocurrency is legal and-or unregulated in Nigeria, South Africa, Zimbabwe, Canada, United States, Brazil, Mexico, Nicaragua, Argentina, Chile, Colombia, Cyprus, Saudi Arabia, Israel, Jordan, Lebanon, India, Pakistan, Hong Kong, Japan, South Korea, Taiwan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Croatia, Czech Republic, Germany, Poland, Romania, Slovakia, Slovenia, Switzerland, Denmark, Estonia, Finland, Iceland, Norway, Russia, Sweden, Bosnia , Bulgaria, Greece, Italy, Malta, Portugal, Spain, Turkey, Belgium, France, Ireland, Luxembourg, Netherlands, United Kingdom, Australia, China, Lithuania, and New Zealand.

This idea that governments and banks will launch a systemic crackdown on cryptocurrency has no basis in objective reality, nor is it even remotely feasible. In fact, it’s actually absurd to believe such a thing because no technical legal consensus of that nature would ever manifest in reality across various nations systematically.

Most countries have already addressed the matter and just want to assure that it’s legally defined and properly regulated. Despite this, any regulatory motion is regularly viewed as the beginning of the big ‘crackdown’, even though most of it is to dismantle the ICO scams, which are a completely legitimate concern. It’s a possibility regulatory bodies eventually move against Bitcoin to an extent but even then, this won’t be the end of Bitcoin and it will not be regulated out of existence.  In the worst case scenario, Bitcoin suffers some significant losses due to other innovations and-or regulations but survives as a reserve cryptocurrency. Bitcoin’s status as a reserve is unlikely to go challenged for quite some time but even when that challenges comes, it will survive.

Mining

Mining has gone from the activity of enthusiasts to that of giant enterprise.

Recently, Abigail Johnson, CEO of Fidelity Investments, one of the world’s largest investing firms, said the company is actively mining cryptocurrencies.

In Japan, Tokyo’s GMO Internet Group is spending millions to develop mining operations. In short, these type of developments are happening all over the place.

In terms of state-level mining, various nations are already actively mining or developing the operations to. In fact, it’s being referred to as the ‘mining race’.

In Russia, an aide of Vladimir Putin is seeking $100 million to rival the former? mining dominance of China and in Leningrad, the governor is inviting miners to create an industrial park for cryptocurrency mining. Furthermore, powers generators in Russia are selling excess capacity to miners.

In Sweden, a Miami-based computing company is developing a major data center in Sweden to mine cryptocurrency. Smaller jurisdictions are developing mining operations, too, such as the Republic of Transnistria.

In North Korea, they are mining Bitcoin and targeting South Korean Bitcoin exchanges as a method to bypass sanctions. For good or bad, mining has even become relevant in a geopolitical context, so it’s actually becoming bigger than corporate enterprise.

Of course, I also want to address China. According to a trusted source, China has not banned mining and probably won’t. Regardless, the mining sector is growing fast and becoming a legitimate enterprise. If one nation decides to ban mining or exchanges, others nations will simply pick up its slack. That has already been proven with the recent developments in China and how Japan quickly obtained market dominance.

Culture 

The culture of cryptocurrency is absolutely dominating and the networking effect is propelling it forward faster than anyone could have imagined just a few years ago.

You’re actively seeing celebrities like Floyd Mayweather, KISS front-man Gene Simmons, Paris Hilton, Jamie Foxx, The Game, DJ Khaled, and more regularly promoting ICOs and cryptocurrency, in general. This isn’t necessarily good in terms of ICOs, as Andreas Antonopoulos points out, but in general terms of promotion of cryptocurrency, it’s a great thing.

In corporate, marketing culture, “Bitcoin” is the market’s favorite buzzword according to Bloomberg and Bitcoin Long is the most crowded trade, according to Bank of America.

Everywhere you look, cryptocurrency is becoming more and more recognized and understood. It takes time for cultural shifts of this nature to manifest into action, though. In time, we’ll begin to see greater shifts into cryptocurrency. If this seems unlikely, remind yourself that years ago, the current state of things seemed too seamless and improbable. Personally, I never expected things to go from such a niche phenomenon to where it is today. We can’t underestimate these things.

Other Developments 

I wanted to compile a big list of positive developments but every day, a new story, a new crucial development, was being covered. I decided to just give up on the list since it felt impossible to keep track of and just created a sample of recent developments instead.

White House Doubles Down On Commitment To Blockchain )

( US Bank Regulator Opens Door To National License For Bitcoin Firms )

( U.S. Lawmakers Drafting Bill To Protect Cryptocurrencies From Government Interference )

( W3C, Microsoft, Google, Facebook, Apple, and Mozilla Working On Browser API For Cryptocurrencies. )

( Japan Issues Licenses To 11 Bitcoin Exchanges )

( IMF’s Lagarde: Bitcoin “Might Give Existing Currencies A Run For Their Money” )

( Two ETF Submitted For SEC Approval )

( Gold Companies, Even Former Nay Sayers, Are Beginning To Embrace Cryptocurrency. Likewise, As Are Some Jewelry Companies. Some Gold Companies Want To Use The Blockchain For Gold Trading / Verification )

( BRICS Considering Cryptocurrency As Alternative To National Currencies )

( Japan Is Pushing Bitcoin Into Retail Use )

( Putin Is Interested In Ethereum )

( In Chiasso, Switzerland, you can pay taxes in Bitcoin )

( Miami real estate will embrace Bitcoin )

( Five Leading Russian Universities Offer Cryptocurrency Courses )

( You’ll Soon Be Able To Pay Rent In Dubai’s City Walk With Bitcoin )

Clarification 

Obviously, this article could appear as mere confirmation bias. It’s not. In the crypto-world, everyone’s always aware of resistance and regulatory struggles.

Despite projections of a dramatic crackdown, in which the whole ‘bubble’ bursts, there actually hasn’t been that much resistance and the upper echelon of governance and banking doesn’t seem hostile to the overall development of these things. In fact, most governments and banks are experimenting with blockchain technology and only seem cautious about decentralized currencies but not hostile to them. Even in such a scenario, there isn’t much governments and banks can do to stop it.

A major part of this misconception about the willingness of governments and banks to accept cryptocurrency has stemmed from China. A big portion of FUD regarding China was fabricated intentionally and perpetuated by people’s own ignorance of the Chinese government and how it operates. While it’s possible a few governments will behave similarly, it’s incredibly unlikely that most will. In Japan and the U.S., for example, you can expect a more measured and positive approach that will ultimately be beneficial.

In my perspective, the actual threat to Bitcoin is the acceptance of another cryptocurrency for widespread use, not regulatory actions taken against it. Even then, Bitcoin could still succeed as a store of value.

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