“Blockchain has been way oversold. I think the fundamental technology is very interesting, but it’s been very slow to roll-out.” Wells Fargo CEO Tim Sloan
When a large company calls for regulation, what they are really requesting are regulatory costs that serve as barriers to entry, protecting them from upstart competitors. It means nothing else. Ever. https://t.co/qdpzlrZvf7
— Michael Arrington 🏴☠️ (@arrington) March 31, 2019
“There are interesting possibilities with blockchain and to ignore that would be a bad idea. We’re just saying we don’t know the business model yet.” Mastercard CEO Ajaypal Banga
Blockchain is dead – I used to blog about blockchain and distributed ledger technology (DLT) almost once a week … four years ago. Today, I hardly blog about it at all. I guess it just shows what’s top of mind and what’s not at any time in FinTech… https://t.co/XrhmbUgkFv
— Chris Skinner (@Chris_Skinner) March 29, 2019
“What we are seeing is a collection of standards being created [that] will inevitably converge over the next three to five years to create a situation where you can move information and value between all these different systems ー not just Bitcoin to Litecoin to Ethereum to Cardano ー but also your regular bank account.” Charles Hoskinson, CEO and Founder, IOHK
This week in crypto:
1. Tagomi wins Bitlicense
2. Kraken launches security lab
3. Coinbase announces staking
4. Rakuten’s crypto exchange gets Japanese license
5. Arrington XRP Capital crosses $100M in assets
6. eToro acquires Firmo
7. Bitcoin still not dead 🙂Onwards!
— Pomp 🌪 (@APompliano) March 30, 2019
“Tech can look big and flashy, and like it can solve all our problems…but the Big Mac burger never matches up to the one in the ad.” Aanchal Anand, a Land Administration Specialist in the World Bank’s Global Land and Geospatial Unit
BTC Maximalists are the anti free speech faction of the crypto space. pic.twitter.com/ssRFpp0ZtT
— Roger Ver (@rogerkver) March 27, 2019
“I haven’t seen one (blockchain use case) that even scales beyond an individual or a small set of transactions. All of the big tech companies will come and say ‘blockchain, blockchain, blockchain.’ I say, ‘Show me the use case. You bring me the use case and I’ll try it’. I want it to work. Spiritually, I want it to make us better, faster, cheaper, more transparent, more, you know, all of those things.” Bank of America Tech and Operations Chief Cathy Bessant
All assets are only worth what someone is willing to pay for them. https://t.co/CInZNyGvSe
— Mati (@MatiGreenspan) March 26, 2019
“The cypherpunks’ attempts to get into the money business forced them to realise some other things along the way. And [one of those things] is that money is a fundamentally social thing in a much deeper way than, say, two-party encrypted communication,” Buterin continued. “You have to start thinking about governance, social contracts … common shared expectations in this community, how do changes get made, how do we decide how changes get made, how do we discuss things … These are all very political things.
To this day, there are people who will disagree with me,” he continued, “People who will say things on Twitter like, ‘Oh, there is no Bitcoin community, there are just a bunch of people who use the same cryptocurrency.’ I disagree with this attitude.” Ethereum Co-Founder Vitalik Buterin
A mute button for crypto Twitter, but instead of filtering words, it filters any tweet composed above a certain threshold blood pressure/elevated heart rate.
— Nathaniel Whittemore (@nlw) March 25, 2019
I feel sorry for proper journalists trying to cover #crypto and give balanced viewpoints.
Every project has lazy opinions, disinformation and outright lies about it.
Even good projects have been called a scam & every good Journo is obligated to reference it as insurance.
— Jamie Burke ⛺️ (@jamie247) March 25, 2019
“I’m good at computers, which means I must understand finance, whereas finance guys don’t understand computers. Hence, I’ll make a fortune in cryptos, while they’ll be out of a job.”
*Loses everything in an obvious Ponzi scheme*
“The banker lizard people control everything!”
— Trolly McTrollface 🇱🇹🇺🇦 (@Tr0llyTr0llFace) March 25, 2019
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.