Yahoo Finance The blockchain/crypto week in quotes
The recent Bitcoin price rebound does not mean the cryptocurrency will be heading back to its all-time highs of near $20,000 any time soon, according to Kevin Dennean, tech analyst at UBS. “The argument here is that Bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past,” he wrote in a research note to clients. He flagged up previous bubbles such as the Dow Jones in the Great Depression, the Nikkei in 1989, the Dotcom Boom and Bust, oil in 2008, and China’s recent stock market crash. “We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22
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“Finance is realistically the first blockchain application that will probably achieve wide scale adoption…With finance you’re competing with banks that take five days to do something interesting. With anything that’s not financial, chances are there is some internet thing that does what you want, that’s just centralised. So it’s a bit of a harder pitch.” Ethereum Co-Founder Vitalik Buterin
large banks being bad actors at times – and Wells Fargo is one of the worst actors of late – does not excuse the fraud and follies of actors in the cryptocurrencies markets. https://t.co/bTiRwUKlQf
— pascalb©uvier ≠ (@pascalbouvier) March 10, 2019
— Peter McCormack (@PeterMcCormack) March 14, 2019
this is the anti scaling trolls trying to censor an event that will prove all of them wrong. The fact that everyone can attend one of my famous parties at the end is only a bonus 🙂 See you all there!https://t.co/CrLsjyiPr6 https://t.co/vvfPKAA4mR
— Calvin Ayre (@CalvinAyre) March 16, 2019
Even I get sucked into issues that, in the long run, do nothing to help free ourselves from the burden of our insane government. I apologize to my folliwers for my digressiond. As to Mr. Ayers: we dont live in isolation. Your actions impact everyone.https://t.co/ocxzuNnYvU
— John McAfee (@officialmcafee) March 17, 2019
“Bitcoin is a technology rather than a business opportunity…I think we are facing the next wave of the internet.” Tron’s Justin Sun
How I use Twitter
I seek and provide positive energy
I block negativity/annoyance
I be myself, a normal guy, nothing fancy
I interact with our supportive community
I retweet when you shill @binance
I shill #BNB once in a whileI thank my 300k followers. pic.twitter.com/V7iuTfRYkK
— CZ Binance (@cz_binance) March 16, 2019
“It’s good to see the US SEC taking a more rational approach to crypto. Classifying all tokens as securities, regardless of purpose, was an irresponsible choice, which could have seen cryptocurrencies regulated out of existence.
However, we’re not quite out of the woods yet. Global crypto organisations will still be waiting to see how the US moves to regulate crypto going forward. This is because US authorities have a controlling stake in the development of cryptocurrency globally. So far this has meant crippling fines and sometimes criminal proceedings on companies, regardless of whether they are legally operating their own jurisdictions.
Looking ahead, regardless of US regulatory moves, governments must introduce more measures to protect the businesses operating within their borders, or risk the US ruling unchecked in the development of the crypto-economy.” Gavin Smith, CEO, Panxora
It’s amazing that something so truly huge and profound was created with the World Wide Web.
And the likes of Google etc have been created. Trillion dollar companies
Yet Sir Tim Berners Lee isn’t the wealthiest of all the tech guys, far from it.
— Phillip Nunn 🚀 (@PhillipNunnUK) March 12, 2019
Thread
1/ Tying a technology to a currency drastically complicates the economics of improvements to the technology. Keeping them separate allows for competition without splitting the economy itself. This is why the same dollar can be used to buy an iPhone or a Samsung Galaxy.
— Eric Lombrozo (@eric_lombrozo) March 14, 2019
“I think artists in the music industry on average capture about 11 or 12% of the value in the industry and those big record companies are sucking up 70 or so %. We can replace those record companies with smart contracts on the Ethereum platform.” Ethereum Co-Founder and ConsenSys creator Joseph Lubin
“Facebook Coin could be a $19 billion revenue opportunity.” Barclays internet analyst Ross Sandler
Americans now have more than $4 trillion of collective debt for the first time in history.
$4,000,000,000,000
At some point, the bubble will pop….
— Pomp 🌪 (@APompliano) March 12, 2019
“STOs may be the way forward as alternatives to ICOs but they do not solve the issue of delivering a high-quality project to investors. Whether pitched as ICOs or STOs, new projects must deliver value creation for investors to get a return on investment. Using STOs to tokenize existing assets adds a regulated framework to protect consumers but also bolsters liquidity, offers easy management of fractional ownership, and allows for faster settlement and immutable proof of ownership.
It is good news that the market seems to be moving towards regulation, and the emergence of STOs is a harbinger of this overall push. One would very much hope a renewed growth in STOs is predicated on projects and ideas of better quality than what we saw with many ICOs.
We believe blockchains will be required to deliver on-block KYC/AML capabilities, a challenge for Bitcoin and Ethereum but which we see as an opportunity for Concordium and other new blockchains with integrated ID-verification.” Lone Fønss Schrøder, CEO, Concordium
Another Shitcoin! https://t.co/JVH8E3gTkt
— Nick Ayton (@NickAyton) March 16, 2019
“The past few years have seen a growth in cryptoassets. While the cryptoasset market remains small relative to that of the global financial system, and banks currently have very limited direct exposures, the Committee is of the view that the continued growth of cryptoasset trading platforms and new financial products related to cryptoassets has the potential to raise financial stability concerns and increase risks faced by banks.” BIS
Having watched the Netflix documentary on the Flat Earthers (which was only an okay not amazing documentary) I have concluded there are many similarities between the Flat Earth movement and the Cryptocurrency movement.
— Izabella Kaminska (@izakaminska) March 11, 2019
Never forget that @jobyboughey made money conning people in uFun, OneCoin, and My Advertising Pays. Too many scammers in crypto as it is. They just want your money and don't care about ruining lives. https://t.co/VlFfnlVBL7
— Jon Walsh (@walshjonwalsh) March 11, 2019
“One really important thing to remember is that people regulate eachother in their interactions with one another, and that’s the whole purpose of the Bitcoin idea, that it would be a community that would be able to regulate itself. As problems arise, people in that community are thinking about how to deal with those problems. One model would be to have a government regulator, but I don’t think that’s the only model.” US Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce
It is truly inspiring to see strong #women leading the whole world into the financial future. #womenintech #WomensHistoryMonth #Stellar #xlm #IBM https://t.co/NIctHMqFkx
— Mrs.MoneyMatrix (@Adobe_iLLusions) March 16, 2019
"….a huge milestone along the journey for mass global adoption of the #DigiByte ecosystem…" https://t.co/V0fGlQmc9a
— Rudy Bouwman (@RudyBouwman) March 14, 2019
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