6.20.2018 My Daily Rant

GE removed from Dow Jones

Not much more to say then what business news have mentioned. Gone is General Electric and in is Walgreens. As a tech and science enthusiast I can not help but wonder how technology has change the evaluation of assets over the past century. GE where it is now consolidating once made appliances, electrical equipment, and jet engines. Today is worth less than Facebook! Many Apps are now worth more than century old companies like GE.

All the rich heritage and skills that GE has archived over the years is currently worth less than computer apps. This does not feel right to me. The books and notes that people use to this day and knowledge of engineers and scientists learned from GE can never be replaced. Yet it can be lost in this fast pace world.

It is sad to see such a historical company that was once the forefront of technology now left in the dust by many other tech. companies. This makes me wonder 100 years from now will we still have Google, Amazon, and Facebook or will it be some other companies taking its place? It would not surprise me if any of these big caps get on the Dow Jones.

EOS producers locking out Accounts

7 EOS Accounts locked by Producers

There is a story going around with EOS producers locking out some owners of EOS due to phishing and scamming. The bottom line is there are people that can manipulate the EOS blockchain making it technically not decentralized as first promised. However when looking further into this it seems like the course of action to punish those who have done wrong seems fair and the EOS system is yet to be fully operational. When EOS is fully operating there looks to be a forum where stake holders get to make decisions on what to do on the blockchain. So as of now a few people on the planet is substituting before the full system is operational.

I would like to ponder on this question though. What if these producers will never relinquish their power?

Tron bought Bittorrent

What a move by Tron's creator Justin Sun. Tip hats to him man. To create a crypto and amass enough capital to actually buy out entities is truly entrepreneurial. I totally under estimated Tron thinking that it was used for playing with digital cats. Boy was I wrong.

Now Tron will likely be a token rewarded for users who use Bittorrent. So much infomation is being sent across the internet with the use of Bittorrent that it would be hard to believe Tron will not continue to grow.

This is helping ETH set itself as king of crypto. Not to mention this may likely spread on to other forms of crypto mergers. It can not be denied that crypto is creating a form of asset in today's economy. Bittorrent over a decade company being bought out by another that is less than half its age. Just insane. Power to Tron and cryptos.

What are your thoughts on these headlines and other stories? Drop a comment if you have something to say.

Thanks for reading.

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Date of Post: 6/20/2018