Connect with us
[crypto-donation-box]

Blockchain

Here’s why these 10 crypto personalities say Bitcoin is the BEST money

Republished by Plato

Published

on

The debate on Bitcoin being money or not rages on. The world’s original, and current biggest, cryptocurrency was initially founded in 2009 by its pseudonymous creator Satoshi Nakamoto to replace fiat money, but price gyrations have since made it an asset class akin to “digital” gold.

But despite that, popular crypto influencers, builders, and developers are propelling the notion of Bitcoin still being money, one whose deflationary nature, fixed supply, and lack of centralized state actors give it its superiority.

Today, Cryptonites, the edutainment channel run by crypto investing app Swissborg, dove into why some personalities consider Bitcoin money. Featuring host Alex Fazel, the show features snippets of past interviewees like Ray Youssef, Girl Gone Crypto, Dan Held, Max Keiser, and several more.

Here’s what they all said.

Dan Held, growth lead at Kraken

I think Bitcoin’s mission is massive, like if you look at so there’s a terminology in tech called TAM, [for] total addressable market. So when you build a product or service, how big could you get, for example, like Amazon could get as big as all things sold, right, which is a huge TAM.

“So with Bitcoin, the TAM is $250 trillion. Like that it’s that’s its total potential value. It could be because you’ve got real estate, gold stocks, and bonds, and Fiat, those all represent store value.”

He added, “And so when people go, oh, it’d be really boring if Bitcoin only did goals like if it was only digital gold, and like, that use case is 30 x larger than all the other ones combined. So you know, I think Bitcoin blockchain technology is built to build Bitcoin. Bitcoin solves a fundamental problem in society that I think is ultimately a human rights issue.”

MM Crypto, trader and Youtuber

Bitcoin is not only decentralized and not only peer to peer, but it’s also censorship-resistant, but you can also send whenever you want money from A to B and you can set stored data on it like you have nice secondary solutions and no one can prevent you from doing all of that and taking advantage from all of that and, YouTube is centralized banking is centralized. 

And I mean “central” banking, it’s the word that already gives it away. So I think crypto and Bitcoin especially, is really here to stay and to disrupt all different kinds of industries

That Martini Guy, Bitcoin news Youtuber

People are struggling to buy watches at the moment because nobody is really wanting to sell and that’s keeping the prices quite high. Now eventually all these luxury goods, they’re going to decline. And Bitcoin may get lumped in with that. So that’s a big concern of mine. Is Bitcoin a store of value or is it a speculative asset that will only be decided at the point when the luxury market starts crashing? 

“Only time will tell is Bitcoin speculative or is it digital gold. I don’t think it’s digital gold. I’d much prefer it to be cash.”

Not only that, but they offered up $3 trillion of worthless government bonds that the public could buy to essentially loan the government money because they can’t print any more money because, at that point, you’d have hyperinflation essentially devaluing the nation’s currency. 

Lark Davies, The Crypto Lark

Bitcoin dominance has been falling. It’s been falling steadily for a couple of months. Now basically, since Bitcoin has flatlined, which has been happening since a little bit before the Bitcoin halving the price of bitcoin not moving has meant that altcoins are now able to finally breathe again and we’ve seen just massive moves in the altcoin market and the more that altcoins gain the more Bitcoin dominance falls.

“Now, a lot of people are under the false perception that a falling Bitcoin dominance is somehow bad for Bitcoin but that’s absolutely not true.”

We have to remember that Bitcoin hit its all-time high at the height of an altcoin season. So a falling Bitcoin dominance is actually good for Bitcoin because it means that the entire crypto-economy is seeing a lot of activity and if we know one of Bitcoin’s main use cases right now, well outside of just huddling your Bitcoin is actually trading Bitcoin and what people trade Bitcoin for. 

Charles Hoskinson, founder of Cardano

The first thing everybody tells you is a warning is don’t roll your own crypto. But unfortunately, we don’t have that luxury because we’re inventing the crypto as we go along to make these protocols work.

This is like complex heart surgery on very delicate protocols that if you screw up, you introduce all kinds of attacks, like side-channel attacks and other things. So you need a special breed of a developer who’s very elite to be able to do this type of work. 

And people say, Oh, well, no, you don’t Well, then, you know, look at all the hacks and flaws. And you know, how many things have occurred over the last 10 years in our space as a consequence of people not knowing what they’re doing? 

And it’s just common sense. You know, when you get sick and you need surgery? Do you want your butcher to do that? Or do you want your surgeon to do that? Why do you trust the surgeon with your life? Because that person spent more than a decade of his life or her life studying to become worthy of that? 

So similarly, why would you trust an amateur with your privacy, your identity with your money, these types of things, you should aspire to say that the system that you’re using was built on bedrock? 

“It was built by really smart people who knew what the hell they were doing.”

The Moon Carl, Bitcoin trader and Youtuber

I think that in 2020 (recorded last year), halving will be the biggest story, for sure, it is such a huge thing to see the supply, the newly created supply gets cut in half the stock to flow. 

“And I think that this will further create more and more attention towards Bitcoin as a form of money and make more people aware of this inflation schedule that will eventually reach zero.”

As I said, this is the first time in history, we’ve seen something have absolute scarcity, nothing else in the world has 0% inflation, it’s not possible, except in the digital world. So it is the first time we’ve seen something being digitally scarce, absolutely scarce.

Crypto Finally, cryptocurrency marketer

I understand the concept of the market cap, and the idea of someone really large getting involved, you know, all it’s gonna really take to see major price movement is like a billionaire to, you know, put all of their assets into Bitcoin, we’re gonna see big price movement, that’s really where we’re at, there’s a very small percentage of people who are invested. 

And the more that we grow, I can see it growing larger, you know, it’s all speculative. So again, you know, it’s gonna go up, or it’s gonna go down. And I am not a technical analyst. I’m not someone who does price predictions. So I will just preface with all that. I’m not someone who necessarily does those things. 

But I do understand the reasoning as to why people believe that it would grow in the future. I also think that the Goldman Sachs incident was a little strange and its own nature. I think that email was very emotional. I think that there was a lot of stuff that was written in it that you know, well, maybe being true isn’t untrue of other traditional assets.

Girl Gone Crypto, crypto educator and influencer 

Bitcoin and crypto just fit into my whole world philosophy. So much in terms of self-sovereignty, personal freedom, personal responsibility. And so when I found crypto, it just was really the, it just makes a lot of sense. 

“It’s a tool that I think we can use to help get closer to the type of world and the type of society that I would actually want to live in.”

Ray Youssef, CEO of Paxful

(Regarding Africa’s crypto adoption.) [They said] there’s no way they’re going to figure out Bitcoin. Now Africa is actually leading Bitcoin adoption. A number of Google searches and the sheer number of peer to peer transactions as well. Yes, this is happening right now.

“It was the people of Africa that taught us what the killer app of Bitcoin really was, and that is a universal translator for money.”

For Youssef, unlike a majority of the current crypto participation and interest, Bitcoin is not an asset that nets thousands of dollars solely for those in the know. Instead, it forms a strong, wholly-decentralized means of exchange for people who are drastically underserved by banks and financial institutions.

Max Keiser, Bitcoin educator

So I think we’re seeing that in the market is that gold is flatlining against Bitcoin, and the industry is moving to Bitcoin, sovereigns are moving to Bitcoin, and corporations are moving to Bitcoin. 

“You know, the US dollar, as Paul Krugman says, is backed by violence. Bitcoin is backed by peace.”

What comes next for Bitcoin? Where is the Bitcoin market going ten years from now? How does the broader crypto space evolve? All that and MORE in the entire video, available for streaming right below.

Posted In: Bitcoin, Videos

Source: https://cryptoslate.com/videos/heres-why-these-10-crypto-personalities-say-bitcoin-is-the-best-money/

Blockchain

MasterCard Poll: 40% of Surveyed Will Use Cryptocurrencies Within the Next 12 Months

Republished by Plato

Published

on

The COVID-19 pandemic changed people’s beliefs and approach to finances as they are more openly embracing digital options, including cryptocurrency payments. A MasterCard survey showed these results as 4 out of 10 people said they plan to use digital assets in the next year.

40% of People to Use Crypto?

It’s safe to say that the COVID-19 pandemic changed everyday lives. Apart from affecting people’s health severely, the coronavirus challenged their perspectives on finances. Digitalization became the most talked-about topic as people started to steer clear from physical engagements.

The global payment systems were not exempt, and a recent survey with over 15,000 people conducted by MasterCard highlights this. The US multinational financial services giant wrote that “consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping.”

Furthermore, the results indicated that 93% will consider using at least one emerging payment method, such as cryptocurrencies, biometrics, contactless, or QR code. Of those, 40% said they will choose digital assets.
Somewhat expectedly, the younger generations were most opened to virtual assets.

“Millennials globally and those in the Middle East and Africa are especially engaged in the cryptocurrency conversation, with more than half (67%) agreeing they are more open to using cryptocurrency than they were a year ago.

In addition, 77% of millennials are interested in learning more about cryptocurrency, while 75% agree they would use cryptocurrency if they understood it better.”

Although MasterCard’s research said BTC is the most popular and understood asset, it claimed that users are getting more familiar with some of the altcoins as well.


ADVERTISEMENT

MasterCard’s Crypto Endeavors

Perhaps to respond to customers’ demands, the New York-based giant has announced several cryptocurrency-related initiatives since the start of the year. CryptoPotato reported in February the firm’s plans to enable support for a select number of digital assets later in 2021, which actually followed a similar decision made by Visa a few weeks earlier.

Thus, millions of merchants employing MasterCard’s services will receive direct exposure to cryptocurrencies. Shortly after, the company partnered with the US crypto exchange Gemini.

As a result, the Winklevoss-run firm will introduce a credit card offering up to 3% cashback in bitcoin. The initiative saw substantial interest as over 140,000 users were on the waiting list after the announcement.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/mastercard-poll-40-of-surveyed-will-use-cryptocurrencies-within-the-next-12-months/

Continue Reading

Blockchain

AAX Announced AAB Buy Back From Secondary Markets

Republished by Plato

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Despite recent uptake, AAB is still deemed undervalued. As such, the AAX team has decided to conduct AAB buybacks from the secondary market and will do so in phases with an expected buyback size of 30% of AAB in circulation. At the same time, AAB will be listed on UniSwap! The listing will be paired with USDT.

Immediately following the announcement at 6 pm, 7 May, the price of AAB shot up by 30%, breaking through 0.8 USDT.

Following the continuous development of the AAX platform, the AAB ecosystem has also been gradually improved and enriched. In addition to enjoying a 20% discount on transaction fees when settled with AAB, AAB holders also enjoy many benefits such as buying tokens with a 50% discount, receiving random airdrops, and as a trading volume booster in trading competitions.

At the same time, AAB holders also enjoy preferential withdrawal fees and a higher percentage of referral commission rebates. Such utility will be further expanded as AAX grows.

AAX has achieved explosive business growth in the year 2021. Local currency deposits reached a daily average of $10 million in April and are expected to grow by more than 30% each month in the future. AAX has been well-recognized and favored by users and the market.

As AAX has improved, user numbers have increased and the scale of the business has exploded in many countries and regions. The number of accounts opened by VIP clients and institutional investors has nearly tripled. In addition, AAX has recently launched an “existing user activation program”, inviting inactive users to return to AAX and experience the platform’s upgraded products and services. As of now, monthly active users on AAX platform have increased 20 times compared to January 2021.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/aax-announced-aab-buy-back-from-secondary-markets/

Continue Reading

Blockchain

Polars DeFi announces Beta Release Testing Program

Republished by Plato

Published

on

[PRESS RELEASE – Please Read Disclaimer]

The decentralized platform Polars, which seeks to solve the liquidity issue in the prediction market, has recently announced beta testing of the protocol on the Ethereum rinkeby testnet. Since the announcement over 27,5k users have signed up to participate.

Community feedback will help the Polars team to build a better platform that users can trust and rely on. Beta testing will include interaction with the base pool, the secondary pool (Liquid Pool), trading pool, farming contract, incentive contract, and event betting system. Overall, it will allow detecting all the bugs and defects in the protocol, subsequently getting them fixed by the developers. Participants, on the other hand, will be able to get acquainted with the platform and existing features.

To make the process more efficient and smooth, beta testing was broken into several sequential stages, which users are encouraged to complete step by step. All the testers will be granted access to the pre-sale of POL management tokens and will be eligible for airdrop in POL governance tokens after listing on Uniswap and launching the mainnet. Besides that, users who end up with the most test funds within a week will receive real allocations of POL governance tokens!

At the end of May Polars plans to conduct Phase 1 of the public sale, after which the platform will be launched in the BSC mainnet. Currently, the Polars team is negotiating the final conditions and timing of the token sale with several IDO platforms.

Finally, in the middle of April Polars team has announced a strategic partnership with Zokyo’s highly professional team who will perform Polars smart contract audit. According to the latest update, the audit is already in the final stage.

To learn more about Polars and its beta testing program please visit their website or follow them on Twitter and Telegram.

About Polars

Polars is the new DeFi platform that seeks to solve the long-term liquidity problem in the Prediction market. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform’s commission income. The first polar token pair available for trading on the POLARS platform is the BLACK and WHITE polar tokens.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/polars-defi-announces-beta-release-testing-program/

Continue Reading
Blockchain4 days ago

Major Law Firm CMS Adds Stratis (STRAX) to its Legal Accelerator Program

Blockchain5 days ago

eBay could add a crypto payment option, says CEO

Blockchain5 days ago

Starcoll To Issue Limited Edition Star Wars Collectibles as NFTs

Blockchain4 days ago

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Blockchain5 days ago

Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021

Blockchain5 days ago

‘This ain’t no game’ as DOGE briefly flippens Nintendo and takes #4 spot from XRP

Blockchain4 days ago

China’s Central Bank to Partner With Alibaba’s Ant Group on Digital Yuan

Blockchain5 days ago

S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether

Blockchain4 days ago

WallStreetBets launches blockchain-powered app to decentralize indices

Blockchain4 days ago

Bybit Launches Ether (ETH) Cloud Mining Service as Demand Booms

Blockchain4 days ago

Bitcoin Miners Moving Away from China, F2Pool Observes

Blockchain4 days ago

Bitcoin and Ethereum Indices Debut on S&P Dow Jones

Blockchain4 days ago

40% intend to use crypto for payments in the next year: Mastercard survey

Blockchain4 days ago

Here Is Why XRP Volume Has Recover Across Payment Corridors

Blockchain5 days ago

eBay is Considering Adding Crypto Payments & NFT Sales

Blockchain4 days ago

Another XRP lawsuit update: SEC accuses XRP Holders of ‘reciting’ Ripple’s litigation position

Blockchain5 days ago

Bank of England Used as Bitcoin Advertising Board Stoking Inflationary Fears

Blockchain4 days ago

‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper

Blockchain5 days ago

The Reason for Ethereum’s Recent Rally to ATH According to Changpeng Zhao

Blockchain5 days ago

Bybit to Launch Cloud Mining to Democratize Ethereum Mining

Trending