Quote from @Reggie Smith:
Quote from @Eric Carr:
Bahrain is now accepting bitcoin for phone payments
One of Japan's largest utility companies is using excess power to mine bitcoin
Fidelity launched their retail crypto trading platform
Larry Fink at Blackrock says tokenized assets are the future
Harvard tells central banks they need to start buying bitcoin
Terrell and Taylor Swift are already plotting against Harvard.
Bitcoin,crypto is the future...so many companies are adopting and building behind the scenes. There is a reason why Fidelity, and the some of the other big boys are offering crypto trading and custody to there wealthy clients. Adoption is happening and crypto isn't going anywhere. What's your take on XRP?
Mastercard, Visa, PayPal, square, they are all building on and adopting. I bought BTC, just about going on 9 years ago. For the reasons @v.g. mentioned above, plus some. To me, it's the purest form of hard money and the most efficient.
So the alt coin stuff, some of those may win, but 98% of what's out there will probably disappear. Obviously, if XRP wins the lawsuit, that will be good for them. But I also know the SEC can drag this lawsuit out forever until possibly ripple basically goes broke. That's one possibility.
To keep it short, probably a handful of the crypto alt stuff will have a use case and will be adopted. I don't believe it's possible to pick the winners ahead of time, and I'm not a VC. I started buying ether when it was $20 and $60, and have just held. But it's not the thing I'm going to hold for the next 10 years. Being in crypto for the last 9 years, I've seen the cycles, and I've seen the speculative tokens come and go. My advice, understand anything that you're investing in and have the utmost belief in the use case. And for me, I don't like anything with a single point of failure or that can be changed. Vitalic decided that eth was going to be deflationary so they started burning supply. Then he decided they were going to switch to proof of stake - which is basically fractional reserve fiat. They can make any change or change anything back, whenever they want. And as in the case of ripple, there's a single attack point. There's a CEO, and office, employees. My advice to anyone, just buy bitcoin and hold. A lot of the old stuff is a security and the SEC is already going after those, as also in the case of ripple.
