The New York Times has a huge article out on Crypto Currency! "Grandpa Had a Pension. This Generation Has Cryptocurrency."
When you see a mainstream "news" source like this grab ahold of something you care about -- it is important to read it.
These are some of MY reasons why even though Lamestream Media is actually fake news a lot of the time as we know leading people astray:
1/ To see if they are reporting accurately.
2/ To check for false information that may wilfully or innocently misdirect people.
3/ To observe the ANGLE or filter they are taking or their slant.
4/ To see how what and how the masses will be reading this.
Mainstream adoption is key to the CryptoNomics ( I have made that word up and used it this last year LOL, it has likely been used before, I have not seen it ) world we live in as early adopters and pioneers on this trail we are on together.
Therefore, mainstream news is important to filter so we can see what the masses are reading we hope to onboard.
Topics discussed / TLDR:
-- Various coins named and how they are being used. (Use cases)
-- Hacks / Exchange hacks
-- Barriers to entry ie regulation, government/exchanges, etc.
-- The generational differences btw. groups involved.
-- How people feel about government regulation and (another) financial collapse.
-- Discussion of skyrocketing prices and then crashes / dips and potential bubbles.
-- Interviews with several users of Crypto.
Quoted verbatim:
To avoid misinterpretation apart from some of my formatting and images.
Most readers have probably heard of Bitcoin, the digital coin that dominates the cryptocurrency market. It has gained notice both because of its skyrocketing value (from less than a cent in early 2010 to around $2,600 currently) and because it is frequently a key player in hacking- and black-market-related stories, from the looting of nearly half a billion dollars in coins from the Mt. Gox exchange in 2014 to the recent demand for payment in Bitcoin in the WannaCry ransomware attack.
But do you know Ethereum, with a total value of coins in circulation of close to $20 billion? Bitcoin Cash, which split off from the original Bitcoin on Aug. 1, lost about half its value within hours, then nearly quadrupled by the next day? Or, rounding out the Big Four, Ripple — whose currency is known as XRP — which shot up to about 40 cents by mid-May from less than a cent at the end of March? (Full disclosure: I owned but unloaded three of these currencies before writing this article.) Then there are over 800 lower-value and often creatively named coins among those listed on Coinmarketcap.com. One can buy FedoraCoin (its jaunty symbol being the Justin Timberlake-approved hat), CannabisCoin (one guess what it looks like) or, to choose one of many bringing up the rear, Quartz, currently priced around three-thousandths of a cent. (Bad news for those who bought it at just under $2 at the end of May.)
After years as a niche market for technologically sophisticated anarchists and libertarians excited about a decentralized financial network not under government control, digital coins may be on the verge of going mainstream. “It’s the wild, wild West,” said Ron Ginn, 35, founder of a private photo-sharing service called Text Event Pics in St. Augustine, Fla., who has taken all his money out of the stock market and put it into Ripple and real estate. “This is like getting to invest in the internet in the ’90s. I’m obviously very bullish, but I expect to make a couple million dollars off very little money. This is the opportunity of a lifetime. Finance is getting its internet.”
Cryptocurrency has understandable appeal to millennials who came of age during the 2008 financial crisis and are now watching the rise of antiglobalist populism threaten the stability of the international economy.
“There’s a low cost for entry, you don’t pay a lot of fees and millennials are the most tech-savvy,” said John Guarco, 22, a recent Duke graduate living on Staten Island who, like most of the people interviewed for this article, asked that names of the coins in which he has invested not be published for fear of being targeted by hackers.
Unlike previous generations, many of these greenhorn investors don’t have pensions or 401(k)’s, are mistrustful of socking money away in mutual funds and are fully accustomed to owning digital assets that have no concrete properties. As traditional paths to upper-middle-class stability are being blocked by debt, exorbitant housing costs and a shaky job market, these investors view cryptocurrency not only as a hedge against another Dow Jones crash, but also as the most rational — and even utopian — means of investing their money.
Sebastian Dinges, 33, the director of operations for Cheeky, a company that makes mealtime products, started his first job after college in 2007. Once he had enough money to invest in the stock market, he said, he “wanted to be risky and get a big return.” Within six months, the market crashed.
“So there’s definitely disillusionment,” he said.
The majority of Mr. Dinges’s holdings are now in cryptocurrency. His skepticism of traditional markets is shared by a number of cryptocurrency enthusiasts in his age bracket who have observed the recent political and economic upheavals.
“I do feel we’ve reached a new level where nobody knows what’s going to happen,” said Gabe Wax, 24, who runs the Rare Book Room recording studio in Brooklyn. “The things we’ve been able to rely on aren’t as reliable and we have a president who knows absolutely nothing about how the economy works, and he’s appointed people who have twisted views about how it works. That, more than anything, is what scares me.”
Mr. Wax was still in high school when the 2008 crisis unfolded, but he was paying attention to the headlines. So was Mr. Guarco, who said cryptocurrency was a “safeguard against the volatility in the rest of the world.”
“Investing in cryptocurrencies is a hedge,” he continued. “We’re entering a period of long-term deregulation and tax cuts to the wealthiest. It’s not the best recipe for stability.”
Mr. Wax also invests in cryptocurrency to shore up his finances as a freelancer in the precarious music industry.
“I constantly feel like I’m looking over the edge of a cliff,” he said. “I don’t like the idea of money just sitting in a savings account — with the way inflation works and how low interest rates are, you’re losing money. There’s less money than there’s ever been in the history of recorded music, so that gives me anxiety. It’s weird to say that owning cryptocurrency soothes that anxiety, because it’s counterintuitive, but it does.”
He is far from the only one hoping cryptocurrency will assuage his financial worries. Internet forums and Twitter accounts devoted to the subject abound with speculators who view digital coins as a lottery ticket, forecasting “moonshots” with, perhaps, irrational exuberance. For office drudges, the underemployed or those crushed by college loans, the slim chance that a $100 investment may someday reap close to $100 million — as would have happened with an investment of that amount in Bitcoin in 2010 — is too enticing to pass up.
But there are plenty of dissenters who are less sanguine about the future of cryptocurrency, arguing that we are in the midst of the biggest bubble yet, fueled by speculative trading in Japan and South Korea, and pointing to previous Bitcoin crashes as justification for their skepticism.
Nevertheless, it’s not just twentysomethings in the gig economy who are losing faith in traditional investment tools. Mr. Ginn quit working at Fidelity Investments the day before the market crash in 2008.
“It’s not investing,” he said of his old job. “It’s just sticking money somewhere. The investment advisory industry has to give out watered-down, averaged-out advice. When you get into mutual funds, you lose a lot of the ability to beat the markets.”
Tom Berg, 44, a founder of BloKtek Capital in Northbrook, Ill., which invests in digital currencies and assets, said: “I got out of the stock market years ago. “My personal opinion was I’m not going to fight for 2 or 3 percent. It’s a conservative place.” By contrast, digital currencies — his preferred term to cryptocurrency, which he says carries the stigma of black-market money laundering — have disrupted the internet and created a major opportunity for those willing to jump in early, Mr. Berg believes. “At first it was an internet of information,” he said. “Then it evolved to an internet of things — social media, I can buy this, I can sell stuff. Now it’s the internet of value.”
In his view, cryptocurrency left the “dark ages” six months ago, when it was still the domain of “a lot of people who believed in anarchy.” He thinks that cryptocurrency is a good five years from going mainstream and that the bubble will burst some time after that, at which point he will sell his assets.
“If my landscaper ever asks me about crypto, that’s the day I get out,” he said.
There are some barriers to mass popularity. Investors must have enough familiarity with and trust of the internet to send money through a cryptocurrency exchange, such as Coinbase or Poloniex. Some of the exchanges also have elaborate and slow identity-verification processes, and certain states do not permit users to invest on them yet. But it’s continually getting easier, and various exchanges allow credit cards for speedy purchases.
Once one has bought digital coins, the threat of hacking remains a serious concern. Even users savvy enough to use two-factor authentication on their phones may not have the know-how to set up “cold storage,” or a system of storing coins offline (such as on a computer or dedicated piece of hardware not connected to the internet). There is no Federal Deposit Insurance Corporation insuring lost money; once it’s gone, it’s gone.
Assuming one’s money is protected, there are, of course, the standard risks of investing, amplified by the volatility of cryptocurrency. It’s common for a coin to fluctuate double-digit percentages within a day, often because of “pump-and-dump” techniques from coordinated users trying to manipulate prices in completely unregulated free markets.
For this reason, none of the investors I spoke with engage in short-term trading but instead choose, in the online parlance of cryptocurrency enthusiasts, to “hodl” (“hold on for dear life,” rather than sell off for temporary gains). Mr. Dinges and his wife recently bought a house in Los Angeles, but he didn’t use his Bitcoins to help with the renovations.
“This is a great opportunity to pull it out and put it toward fixing the house,” he said, “but the future potential is not worth it.”
Mr. Berg would agree, advising BloKtek Capital clients to “set it and forget it” and not fall prey to the temptation to make short-term transactions.
“My wife and I use it as our bank account,” he said. “Every paycheck, we put a percentage into long-term holdings. We do not expect to become rich overnight. That’s a way to become very poor in one hour.” (Though his wife works at his company, it bears mentioning here that the vast majority of cryptocurrency investors seem to be male, and their Twitter discourse tends to be less than refined, with insults often lodged at devotees of rival currencies.)
Even those in it for the long haul, however, admit to monitoring the prices compulsively, scratching the gambler’s itch.
“If I have a moment where the price has left my mind, I’ll want to reinsert it,” Mr. Wax, the record producer, said. “I check it as much as any social media. It’s become as distracting as anything else on my phone.”
As he works in the cryptocurrency world, Mr. Berg maintains an even more observant — and most likely exhausting — regimen.
“I’m always watching the markets,” he said. “The saying is, ‘Crypto never sleeps.’ It’s 24/7, it’s global, it doesn’t have a stock market, it doesn’t have a bell.
“I sleep about four hours a day.”
Beyond its potential long-term financial rewards, many holders of cryptocurrency view it as a vehicle for social change. While many coins have no value beyond serving as a potential alternative currency, or began as larks that have since been popularized by speculators (such as Dogecoin, whose logo is an internet-meme dog and which now has a market capitalization of about $200 million), others — namely Ripple and Ethereum — have meaningful real-world utility and are being adopted by banks and financial institutions.
“The financial gain is fun, but it’s really about improving the world, improving the financial system, transparency, cost, increased speed,” Mr. Ginn said. “It’s the double-sided tape for society. When financial markets collapse, the tape rips people apart and you have a system collapse. Finance got away with it in ’08; it almost took the world down, and nothing changed.” In lieu of more stringent government oversight, he believes that Ripple can help “reduce systemic risk.”
That safety-net altruism drives Yoni Saltzman, 24, who designs robotic mechanisms for aerospace and medical applications. Mr. Saltzman has holdings in four different cryptocurrencies and is working with a small team in New York to develop a digital coin it hopes to introduce within a year. “It’s not just about making money,” he said. “We like the idea of not only changing the world, but saving the world.”
This is, of course, the same vaguely idealistic rationale Silicon Valley executives routinely trot out to justify their ventures, not all of which seem especially concerned with the greater good. In the meantime, those who have boarded the crypto-train frequently proselytize to friends and family. Unsurprisingly, they have more luck with their younger peers. Mr. Guarco, the Duke graduate, has persuaded a few friends to take the plunge.
His older relatives, however, unaccustomed to coins that one can’t pluck out of a lint-filled pocket, are a harder sell.
“They usually respond, ‘Crypto-what?’” he said.
https://www.nytimes.com/2017/08/03/style/what-is-cryptocurrency.html
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
Images: Engadget.com, 99Bitcoins, Fortune, CoinStreetNews,
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
When you see a mainstream "news" source like this grab ahold of something you care about -- it is important to read it.
These are some of MY reasons why even though Lamestream Media is actually fake news a lot of the time as we know leading people astray:
1/ To see if they are reporting accurately.
2/ To check for false information that may wilfully or innocently misdirect people.
3/ To observe the ANGLE or filter they are taking or their slant.
4/ To see how what and how the masses will be reading this.
Mainstream adoption is key to the CryptoNomics ( I have made that word up and used it this last year LOL, it has likely been used before, I have not seen it ) world we live in as early adopters and pioneers on this trail we are on together.
Therefore, mainstream news is important to filter so we can see what the masses are reading we hope to onboard.
Topics discussed / TLDR:
-- Various coins named and how they are being used. (Use cases)
-- Hacks / Exchange hacks
-- Barriers to entry ie regulation, government/exchanges, etc.
-- The generational differences btw. groups involved.
-- How people feel about government regulation and (another) financial collapse.
-- Discussion of skyrocketing prices and then crashes / dips and potential bubbles.
-- Interviews with several users of Crypto.
Quoted verbatim:
To avoid misinterpretation apart from some of my formatting and images.
Most readers have probably heard of Bitcoin, the digital coin that dominates the cryptocurrency market. It has gained notice both because of its skyrocketing value (from less than a cent in early 2010 to around $2,600 currently) and because it is frequently a key player in hacking- and black-market-related stories, from the looting of nearly half a billion dollars in coins from the Mt. Gox exchange in 2014 to the recent demand for payment in Bitcoin in the WannaCry ransomware attack.
But do you know Ethereum, with a total value of coins in circulation of close to $20 billion? Bitcoin Cash, which split off from the original Bitcoin on Aug. 1, lost about half its value within hours, then nearly quadrupled by the next day? Or, rounding out the Big Four, Ripple — whose currency is known as XRP — which shot up to about 40 cents by mid-May from less than a cent at the end of March? (Full disclosure: I owned but unloaded three of these currencies before writing this article.) Then there are over 800 lower-value and often creatively named coins among those listed on Coinmarketcap.com. One can buy FedoraCoin (its jaunty symbol being the Justin Timberlake-approved hat), CannabisCoin (one guess what it looks like) or, to choose one of many bringing up the rear, Quartz, currently priced around three-thousandths of a cent. (Bad news for those who bought it at just under $2 at the end of May.)
After years as a niche market for technologically sophisticated anarchists and libertarians excited about a decentralized financial network not under government control, digital coins may be on the verge of going mainstream. “It’s the wild, wild West,” said Ron Ginn, 35, founder of a private photo-sharing service called Text Event Pics in St. Augustine, Fla., who has taken all his money out of the stock market and put it into Ripple and real estate. “This is like getting to invest in the internet in the ’90s. I’m obviously very bullish, but I expect to make a couple million dollars off very little money. This is the opportunity of a lifetime. Finance is getting its internet.”
Cryptocurrency has understandable appeal to millennials who came of age during the 2008 financial crisis and are now watching the rise of antiglobalist populism threaten the stability of the international economy.
“There’s a low cost for entry, you don’t pay a lot of fees and millennials are the most tech-savvy,” said John Guarco, 22, a recent Duke graduate living on Staten Island who, like most of the people interviewed for this article, asked that names of the coins in which he has invested not be published for fear of being targeted by hackers.
Unlike previous generations, many of these greenhorn investors don’t have pensions or 401(k)’s, are mistrustful of socking money away in mutual funds and are fully accustomed to owning digital assets that have no concrete properties. As traditional paths to upper-middle-class stability are being blocked by debt, exorbitant housing costs and a shaky job market, these investors view cryptocurrency not only as a hedge against another Dow Jones crash, but also as the most rational — and even utopian — means of investing their money.
Sebastian Dinges, 33, the director of operations for Cheeky, a company that makes mealtime products, started his first job after college in 2007. Once he had enough money to invest in the stock market, he said, he “wanted to be risky and get a big return.” Within six months, the market crashed.
“So there’s definitely disillusionment,” he said.
The majority of Mr. Dinges’s holdings are now in cryptocurrency. His skepticism of traditional markets is shared by a number of cryptocurrency enthusiasts in his age bracket who have observed the recent political and economic upheavals.
“I do feel we’ve reached a new level where nobody knows what’s going to happen,” said Gabe Wax, 24, who runs the Rare Book Room recording studio in Brooklyn. “The things we’ve been able to rely on aren’t as reliable and we have a president who knows absolutely nothing about how the economy works, and he’s appointed people who have twisted views about how it works. That, more than anything, is what scares me.”
Mr. Wax was still in high school when the 2008 crisis unfolded, but he was paying attention to the headlines. So was Mr. Guarco, who said cryptocurrency was a “safeguard against the volatility in the rest of the world.”
“Investing in cryptocurrencies is a hedge,” he continued. “We’re entering a period of long-term deregulation and tax cuts to the wealthiest. It’s not the best recipe for stability.”
Mr. Wax also invests in cryptocurrency to shore up his finances as a freelancer in the precarious music industry.
“I constantly feel like I’m looking over the edge of a cliff,” he said. “I don’t like the idea of money just sitting in a savings account — with the way inflation works and how low interest rates are, you’re losing money. There’s less money than there’s ever been in the history of recorded music, so that gives me anxiety. It’s weird to say that owning cryptocurrency soothes that anxiety, because it’s counterintuitive, but it does.”
He is far from the only one hoping cryptocurrency will assuage his financial worries. Internet forums and Twitter accounts devoted to the subject abound with speculators who view digital coins as a lottery ticket, forecasting “moonshots” with, perhaps, irrational exuberance. For office drudges, the underemployed or those crushed by college loans, the slim chance that a $100 investment may someday reap close to $100 million — as would have happened with an investment of that amount in Bitcoin in 2010 — is too enticing to pass up.
But there are plenty of dissenters who are less sanguine about the future of cryptocurrency, arguing that we are in the midst of the biggest bubble yet, fueled by speculative trading in Japan and South Korea, and pointing to previous Bitcoin crashes as justification for their skepticism.
Nevertheless, it’s not just twentysomethings in the gig economy who are losing faith in traditional investment tools. Mr. Ginn quit working at Fidelity Investments the day before the market crash in 2008.
“It’s not investing,” he said of his old job. “It’s just sticking money somewhere. The investment advisory industry has to give out watered-down, averaged-out advice. When you get into mutual funds, you lose a lot of the ability to beat the markets.”
Tom Berg, 44, a founder of BloKtek Capital in Northbrook, Ill., which invests in digital currencies and assets, said: “I got out of the stock market years ago. “My personal opinion was I’m not going to fight for 2 or 3 percent. It’s a conservative place.” By contrast, digital currencies — his preferred term to cryptocurrency, which he says carries the stigma of black-market money laundering — have disrupted the internet and created a major opportunity for those willing to jump in early, Mr. Berg believes. “At first it was an internet of information,” he said. “Then it evolved to an internet of things — social media, I can buy this, I can sell stuff. Now it’s the internet of value.”
In his view, cryptocurrency left the “dark ages” six months ago, when it was still the domain of “a lot of people who believed in anarchy.” He thinks that cryptocurrency is a good five years from going mainstream and that the bubble will burst some time after that, at which point he will sell his assets.
“If my landscaper ever asks me about crypto, that’s the day I get out,” he said.
There are some barriers to mass popularity. Investors must have enough familiarity with and trust of the internet to send money through a cryptocurrency exchange, such as Coinbase or Poloniex. Some of the exchanges also have elaborate and slow identity-verification processes, and certain states do not permit users to invest on them yet. But it’s continually getting easier, and various exchanges allow credit cards for speedy purchases.
Once one has bought digital coins, the threat of hacking remains a serious concern. Even users savvy enough to use two-factor authentication on their phones may not have the know-how to set up “cold storage,” or a system of storing coins offline (such as on a computer or dedicated piece of hardware not connected to the internet). There is no Federal Deposit Insurance Corporation insuring lost money; once it’s gone, it’s gone.
Assuming one’s money is protected, there are, of course, the standard risks of investing, amplified by the volatility of cryptocurrency. It’s common for a coin to fluctuate double-digit percentages within a day, often because of “pump-and-dump” techniques from coordinated users trying to manipulate prices in completely unregulated free markets.
For this reason, none of the investors I spoke with engage in short-term trading but instead choose, in the online parlance of cryptocurrency enthusiasts, to “hodl” (“hold on for dear life,” rather than sell off for temporary gains). Mr. Dinges and his wife recently bought a house in Los Angeles, but he didn’t use his Bitcoins to help with the renovations.
“This is a great opportunity to pull it out and put it toward fixing the house,” he said, “but the future potential is not worth it.”
Mr. Berg would agree, advising BloKtek Capital clients to “set it and forget it” and not fall prey to the temptation to make short-term transactions.
“My wife and I use it as our bank account,” he said. “Every paycheck, we put a percentage into long-term holdings. We do not expect to become rich overnight. That’s a way to become very poor in one hour.” (Though his wife works at his company, it bears mentioning here that the vast majority of cryptocurrency investors seem to be male, and their Twitter discourse tends to be less than refined, with insults often lodged at devotees of rival currencies.)
Even those in it for the long haul, however, admit to monitoring the prices compulsively, scratching the gambler’s itch.
“If I have a moment where the price has left my mind, I’ll want to reinsert it,” Mr. Wax, the record producer, said. “I check it as much as any social media. It’s become as distracting as anything else on my phone.”
As he works in the cryptocurrency world, Mr. Berg maintains an even more observant — and most likely exhausting — regimen.
“I’m always watching the markets,” he said. “The saying is, ‘Crypto never sleeps.’ It’s 24/7, it’s global, it doesn’t have a stock market, it doesn’t have a bell.
“I sleep about four hours a day.”
Beyond its potential long-term financial rewards, many holders of cryptocurrency view it as a vehicle for social change. While many coins have no value beyond serving as a potential alternative currency, or began as larks that have since been popularized by speculators (such as Dogecoin, whose logo is an internet-meme dog and which now has a market capitalization of about $200 million), others — namely Ripple and Ethereum — have meaningful real-world utility and are being adopted by banks and financial institutions.
“The financial gain is fun, but it’s really about improving the world, improving the financial system, transparency, cost, increased speed,” Mr. Ginn said. “It’s the double-sided tape for society. When financial markets collapse, the tape rips people apart and you have a system collapse. Finance got away with it in ’08; it almost took the world down, and nothing changed.” In lieu of more stringent government oversight, he believes that Ripple can help “reduce systemic risk.”
That safety-net altruism drives Yoni Saltzman, 24, who designs robotic mechanisms for aerospace and medical applications. Mr. Saltzman has holdings in four different cryptocurrencies and is working with a small team in New York to develop a digital coin it hopes to introduce within a year. “It’s not just about making money,” he said. “We like the idea of not only changing the world, but saving the world.”
This is, of course, the same vaguely idealistic rationale Silicon Valley executives routinely trot out to justify their ventures, not all of which seem especially concerned with the greater good. In the meantime, those who have boarded the crypto-train frequently proselytize to friends and family. Unsurprisingly, they have more luck with their younger peers. Mr. Guarco, the Duke graduate, has persuaded a few friends to take the plunge.
His older relatives, however, unaccustomed to coins that one can’t pluck out of a lint-filled pocket, are a harder sell.
“They usually respond, ‘Crypto-what?’” he said.
https://www.nytimes.com/2017/08/03/style/what-is-cryptocurrency.html
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
Images: Engadget.com, 99Bitcoins, Fortune, CoinStreetNews,
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
Every generation has there own way to their rest of the life, like we had Cryptocurrency which is far awesome from them though.
This aint your grandpas pension. This is digital currency accepted worldwide, this is Bitcoin!
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
And whatever is next will probably make our way of life archaic
true that.
Above all you are right, any time a major news outlet like this does a feature on cryptocurrency it is a boost to the crytpoconomy and all invested early! Even my parents asked me something about it the other day because they saw it on the news.
Do you think this is the start of mainstream adoption?
Your question is a good one..... that is why I tried to sort of address that in my first few paragraphs....... my 4-5 points there near the top.
I know we are early being here in this space........ I am not sure how far along the bell curve to mass adoption we are- I have seen a few theories/graphics on it.
Articles, in huge papers like this, that are not STATIST slanted too badly, are a KEY for sure, 100%.
And when you parents ask you
LOL
Yeah, it caught me aback when my Mom mentioned it to me and that she was reading my blog!
I think it's time for things to ramp up!
Get her on Steemit and get her a cold storage Crypt wallet, it will be a lovely Christmas at your house
LOL
I am reading and watching videos, and learning everything I can about crypto (while checking my meager Bittrex account several times a day, just to see how much it's changed).
I just watched a video last night on how to make a paper wallet. Once My portfolio is worth a certain amount (more than I'm willing to risk getting hacked), I'm going to make one. :) Knowledge is power.
Which person/video made it?
I was on a Bitcoin show once with a Canadastan Crypto brother in arms who is on here too.
Look up his stuff online, he specializes (like I do a lot of the time, or try to) -- speaking so new people can understand, with so many new crypto ppl. coming daily.
Here: @benperrin117
Twitter - https://twitter.com/BTCbenny
Look up BTC Sessions anytime to find him quickly too on the YouTube, he is a good guy.
His paper wallet tutorial is super.
I recommend anyone reading this to find his stuff online, it is entertaining, and he speaks plainly, you can learn and follow him easily.
The user name of the person who made the video I watched is Cryptocurrency Edutainment. It's just a short, four and a half minute video, but told me more about paper wallets than I previously knew. Here's the link. Maybe you know him? I'm going to watch the video you posted now. :)
I came back to tell you -- on my page a few mins ago is a LIVE stream link to Benny's channel, starting in 12 mins or so--- drop in and say hi! People are there now!!!
https://steemit.com/bitcoin/@barrydutton/live-in-30-mins-ben-from-btc-sessions-will-be-live-here-at-this-link-about-10-pm-est
Also we are gathering as every Friday nite on my page at the every weekendly
#SteemitCampfire
--
if you are bored and not doing paper wallets LOL
Haha! You never know. I may show up one of these times. After the paper wallets are all made, of course. ;)
Hahah now that would be something!
The government has to sell my generation on the idea that I need to put money into social security but I will NEVER see a cent of it. People my parent's age are stressing over if they are going be the last ones to enjoy social security or if it’s already too late and just a dream at this point. They change the formula for how it pays out, they increase the age. It still self-bankrupts and it will always because it’s researched a critic failed point. Birth rates and income have stagnated too much to support it.
They need my generation still believe that we can somehow retire one day. That is the American dream for so many. Work hard for a large part of your life then retire and enjoy things for a while. The next logical step for them is the stock market. Except, people are sick and tired of the front loaded, back loaded, and being taxed to death on it. Far too many put people in are told the stocks that were invested in made a profit but they lost money. They can only sell the stock market is where we are supposed to put our “disposable” income only for so long. The truth is, far too many people are struggling to even be investing in the stock market either. Many do not have any plans for a retirement plan but they know they need one someday.
With the middle class shrinking, social security being a dream, stock markets not paying out they need to one day still sell us on the retirement dream. Cryptocurrency for the younger generations who are tech savvy is the perfect place to sell us that dream. In the end, they will be forced to allow it even more so than they are once they are certain they can tax it to death.
There is also another issue. Taxes, they just can’t spend like a reasonable and responsible people. Far too many people cheat the tax system because they feel themselves cheated by it. How do they fix this? Remove the hard cash you can hold in your hands. Most of it is only a number these days anyway. If they were to create their own cryptocurrency where they can see 100% every single transaction per tax payer and get their fair tax. Well then suddenly cryptocurrency is the best thing in the world.
I suspect over time they will continue decreasing the negative news, and the spin of it downward. It solves just way too many issues for them. It will allow them to sell a dream, tax people to death, and control us by holding the end points of the money supply. They will get the dream they always wanted. Seeing every single cent ever spent, accepted, traded, and change hands. They just got make it there own first for control.
Well, there's your next post.
Again.
Well said as always.
Mainstream adoption depends in part on the media, but also on applications, vendors using crypto. I think steemit, it's a nice example
It is true!!!!
I have noticed many people I know my age(47) or older feel like crypto is just something that will just come and go and they have not much interest. I try explaining it to many of my co-workers and they give me the look of no interest and I'm crazy. When I mentioned to my nephew, who is early 30's), something about Bitcoin, he was pleasantly surprised I knew about it.
There is some generational stuff that is good there man, just like the article talks about.
I am younger than you by about 2 yrs so I know what you are saying.
I come from the Real Estate and finance sector related end of things ----but as an activist, I am so sick and tired of the gov't lies with their fake news, fake fiat currency backed by ignorant statists, and all the uninformed / manufactured consent in the sector --- and in life in general.
I want no part of this BS system, with its lies and corruption. I have lived it first hand for years learning the truths.
exactly! I have a lot of older friends and many of them think it is a scam for some reason. Anyone my age or younger seems to get it.
I didn't even know there were alternatives to bitcoin/cryptocurrency until yesterday when I found steemit. I still don't really get how it all works. I think I've read three different explanations of steem and it still goes over my head. It just appears like money is being generated from nothing at all.
I suppose that isn't much different than fiat currency, though. Its still pretty wild to me.
Money is being generated off you on Twitter, Google and Fedbook too, but they don't pay you.
I am glad you are here.
https://twitter.com/BarryDutton/status/893583697370337282
Well done Mr. @barrydutton
Heyyyyyyyyyy
It is nice to see your name again!!!
Thanks for the article. I have few more years or more before retirement. I find using my extra money for crypto more enjoyable than going to a casino. In most cases I still have the crypto at the end of the day. The key point of the article is that the mainstream need to be aware of the currency , if everyone becomes aware then some real excitement will happen with the values.
mainstream is the key!!
Nice article! I think we'll see many more like this in the mainstream media going forward. Very exciting times!