The Current State and Importance of Crypto To Freeing Humanity - Jeff Berwick on Cryptogasmic

in #crypto3 years ago


Jeff Berwick is interviewed by Scott Sorenson for Cryptogasmic podcast. Topics include: central banking is a scam, central banks and war, crypto here to stay, the coming disruption, mainstream media, the implications of decentralization, private courts and titles on the blockchain, the corrupt medical profession, accelerating change, Ethereum vs EOS, nothing should be regulated, unregulate-able crypto, self ownership, bitcoin, bitcoin cash, Dash, crypto prices and investment, panic selling vs hodling, smart investment and tax avoidance, get out of the UA, Anarchapulco 2019

Cryptogasmic website: https://www.cryptogasmic.com

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I'm glad you covered EOS and you called it around $1-2. You are a seer Jeff and you have great forbearance! I'm predicting EOS will be the fuel to the 2018 Crypto Rally just like Ethereum was in 2017. Mcafee had a prediction the other day of $32 EOS, Bitcoin $15,000, and Golem (GNT) of $5 by end of July. McAfee has been historically right in predicting the skyrocketing prices of Tron and Verge. HODLers will be rewarded handsomely :)

Thanks again Jeff! You are the main reason I bought some BTC last year!!

I didn't know you were applying to be a block producer, good shit! #libertyblock #anarcheos

You got a 36.47% upvote from @botcoin courtesy of @infoslink!

thanks for it. all have to be informed.

image
Ripple CEO Brad Garlinghouse argued bitcoin, the flagship cryptocurrency, could soon stop influence the price of other cryptocurrencies.
This, as he sees the market highlight the differences various cryptocurrencies have.

For a period of time now, the prices of cryptocurrencies have been highly influenced by bitcoin – the first and most famous cryptocurrency among thousands. According to Ripple CEO Brad Garlinghouse, this influence may soon come to an end as crypto markets begin to understand the differences between different digital assets.

On CNBC’s “Power Lunch,” Garlinghouse stated:

"There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies… It's early, over time you'll see a more rational market and behaviors that reflect that."

Brad Garlinghouse
It should be noted that San Francisco-based Ripple is a company that developed a network for faster global financial payments and the XRP token, which financial institutions on Ripple’s network can use to transact quickly.

Garlinghouse stated that Ripple had signed 20 production contracts with new firms in the first quarter. These included the largest bank in Kuwait and MoneyGram. Despite the company’s performance, during said time period its XRP token lost over 80% of its value, making it the worst performing coin among top cryptocurrencies. According to CoinMarketCap data, bitcoin lost over 50% of its value during the first quarter, and the entire cryptocurrency market dropped with it.

Garlinghouse added that “this is "still a nascent industry,” in which speculation dominates trading. Per his words, it’s a matter of time until people “better understand the different use cases." The chief executive officer predicted that about 99 percent of the over 1,500 cryptocurrencies in circulation won’t exist in 10 years as “there’s gonna be a bit of a correction along the way.” This correction, per Garlinghouse, is going to wash out “players in the space that don’t actually solve a real problem.”

The CEO added that while some cryptocurrencies do not have a proven use case, they have been accused of conning investors through initial coin offerings (ICOs). He said:

"The SEC is getting involved as they should because there have been frauds committed. We have been an advocate of yes the government should get involved, the government should be protecting investors and companies but there's also examples of real utility.”

Brad Garlinghouse
Garlinghouse made it clear that: "If you own XRP, you don't own rights to the profits or any dividends to the company, [because] XRP has real utility."

Wow this is so knowledgeable content ,so glad of this amazing ways.

Awesome post guys, keep up the enlightening work

image
Ripple CEO Brad Garlinghouse argued bitcoin, the flagship cryptocurrency, could soon stop influence the price of other cryptocurrencies.
This, as he sees the market highlight the differences various cryptocurrencies have.

For a period of time now, the prices of cryptocurrencies have been highly influenced by bitcoin – the first and most famous cryptocurrency among thousands. According to Ripple CEO Brad Garlinghouse, this influence may soon come to an end as crypto markets begin to understand the differences between different digital assets.

On CNBC’s “Power Lunch,” Garlinghouse stated:

"There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies… It's early, over time you'll see a more rational market and behaviors that reflect that."

Brad Garlinghouse
It should be noted that San Francisco-based Ripple is a company that developed a network for faster global financial payments and the XRP token, which financial institutions on Ripple’s network can use to transact quickly.

Garlinghouse stated that Ripple had signed 20 production contracts with new firms in the first quarter. These included the largest bank in Kuwait and MoneyGram. Despite the company’s performance, during said time period its XRP token lost over 80% of its value, making it the worst performing coin among top cryptocurrencies. According to CoinMarketCap data, bitcoin lost over 50% of its value during the first quarter, and the entire cryptocurrency market dropped with it.

Garlinghouse added that “this is "still a nascent industry,” in which speculation dominates trading. Per his words, it’s a matter of time until people “better understand the different use cases." The chief executive officer predicted that about 99 percent of the over 1,500 cryptocurrencies in circulation won’t exist in 10 years as “there’s gonna be a bit of a correction along the way.” This correction, per Garlinghouse, is going to wash out “players in the space that don’t actually solve a real problem.”

The CEO added that while some cryptocurrencies do not have a proven use case, they have been accused of conning investors through initial coin offerings (ICOs). He said:

"The SEC is getting involved as they should because there have been frauds committed. We have been an advocate of yes the government should get involved, the government should be protecting investors and companies but there's also examples of real utility.”

Brad Garlinghouse
Garlinghouse made it clear that: "If you own XRP, you don't own rights to the profits or any dividends to the company, [because] XRP has real utility."

We have been in so much darkness that the thought of light scares the hell out of us... But with the onset of Blockchain tech and the subsequent embracement* by youths and freedom minded professionals, there is more than hope... The future is now, and we own it. Thanks for the links, I will follow religiously

The truth! Only the truth!

All new applications and changes in technology ... implies resistance to change in an almost natural way. History indicates that with the passage of time when seeing the economic improvements and the advantages, those resistances are changing, for that reason always it is necessary to adapt, of there arise new and better ideas like which it describes, successes!

Great video..

King regards!

Great video Jeff. Interesting time to be alive and been part of the blockchain movement.

Please follow me everyone! :)

Ka vote friend

Many are predicting that EOS will reach great new heights

What about unrecoverable accounts over-inflating the value of a currency listing them as assets when they are unrecoverable to the currency itself.

https://steemit.com/crypto/@stephenthorburn/crypto-bombshell-cryptocurrency-s-dirty-little-secret

i like your video. I'll be back to see more interesting videos on your channel

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