cryptonomics

We live in a day of globalization. Technology has delivered ways to communicate with one another through miles of under water internet cables. Transportation is slowly becoming cheaper and more innovative; from captain-less cargo ships transporting goods across the globe, to the possibility of hyperloops from Dubai to Abu Dhabi or LA to San Francisco in less than 30 minutes.  30 minutes to travel 380 miles which is 6 hours in a car. In this fourth industrial revolution, why are we still allowing banks to take days to complete a transaction? Cryptocurrencies are the next step to globalization for consumers and businesses alike. These digital currencies will break down currency barriers, and allow everyone to exchange goods and services with little to no fees. There will be no need to exchange currencies through a third party, as you have millions of super computers hashing away for you. Hackers? pfff, not really something to worry about as they would have to take over 51% of those su

Most of us are familiar with our country's currency (insert your countries form of currency: USD CAD, JPY, GBP, CNY) wether it is physical or digital we are willing to exchange goods and services for it. For centuries, people of earth have relied, and trusted a third party to hold, and transfer, their currency. From the ancient templars escorting precious metals across the globe on behalf of others, or exchanging them for ancient bank notes; to bankers as we know them today holding our money. As society has advanced, so has the banking system. In the digital world, we have become use to instant access. Instant access to whatever news organization happened to get their hands on a story first followed by a flood of other sources, even if the original is incorrect. Instant access to photos, and status updates. Technology is wild. Hell, last year I was watching kids enter the augmented reality of Pokemon Go on their phone as my girlfriend and I walked the streets of Burlingame, C

For over the last year, Wall Street has been on the verbal attack of Bitcoin. They claim it is a bubble, even as far as saying that it is worse than the tulip bubble, or Enron. "Buy gold, not Bitcoin" they say... Gold suuuuuucks. Bitcoin being somewhat of a decentralized currency has bankers shaking. It removes bankers from the equations. As more and more people adopt Bitcoin and altcoins, bankers edge closer to losing all that they have built. Viewing Bitcoin as more of a commodity, they have tried ushering people into gold instead. It is 2017, why buy gold? If I need to cash my gold it, I have to find someone who buys gold, haul my gold to the person, and probably get ripped off by the guy. If I am holding Bitcoin, I can sell it on an exchange from the comfort of my own home. Regulation. Nobody feels that Bitcoin needs regulation, except Morgan Stanley and other banks lol. Bitcoin doesn't need a central bank, and it doesn't need governmental regulation. China

As we all know, Bitcoin has had a glorious 2017 despite receiving heavy criticism from Jamie Dimon  ( cnbc ),  Warren Buffet  ( fox biz ), and even Saudi Prince Alwaleed  ( fortune ). Its most recent tailwinds: CME Group. First to the scene of Bitcoin Derivatives trading was  LedgerX , and now CME Group start  Bitcoin derivatives  ( bloomberg ) by the end of year. The entrance of CME Group pushed the price of BTC (Bitcoin) from ~$6,000  to ~$7,400. follow me on twitter   @postmattern  and   @bitfuturist