CRYPTO COULD REINVENT THE INSURANCE CLAIM PRE-APPROVER

We are in the early hassle phases now for crypto, the very earliest crypto which is Bitcoin is only just been around for 12 years but in terms of applications with smart contracts, then only been around for 5 years. We are really. I think NFT is just like books, and we don't know whether the publishers will go along. The idea of kids buying books for classes, after buying the book the student decides whether he or she wants to sell it or ship it off to the bookstore. All that process is stressful but in the digital world, it is ridiculous.

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If those books are NFTs, it is better because the NFTs allow you to apply royalties and that means when that book is sold, the author and publisher get a percentage from the sales of this book. The author and the publisher can keep on earning some percentage every time the book is sold whereas with the physical book, they have to hope that the book gets destroyed before they could sell a new one.

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With crypto, you could reinvent the insurance claim are pre-approve creating an environment with thousands of validators and you can see an optimistic rug up. You can train people to approve or don't approve an insurance claim. Basically how the optimistic roll-up side of it works is that the challenger with say you did not approve but an asset that you have staked with be used to keep it honest so that if anything goes wrong, the staked asset will be used to cover up. That kind of application have a scale and impart, it is better in a decentralized world.

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Crypto does not correlate with stock and its correlation has gone up by 20% since 2021 since last year. The collective correlation that the asset class has is due to the FED interest rate increases and you should know that it has been pulling money out of crypto and stock market into the US dollar causing the markets to crash.