Tag Archives: Cryptocurrency

Blockchain and Cryptocurrency: Good Investment? (Bitcoin anyone?)

Hey, what's up? John Sonmez here from simpleprogrammercom

Today, we're going to be talking about blockchains Andrei says, "Blockchain Is it the next big thing? What are the skillsets needed? Do you recommend studying it?" I'll briefly talk about the investing side because I don’t think that—I mean yes, a lot of people have made a lot of money in investing in cryptocurrencies, which are based in blockchain I don’t think that it's a good idea because it's not an investment It's a speculation

I'm not for investing "speculating" in cryptocurrencies, even though people have made a lot of money simply because it is a speculation and there's no guarantee I'd like to do things that are guaranteed that have a high chance of success I don’t like to make bets on stuff that maybe will work because even if they do work out, what, don't you give yourself a pat on the back and say you picked the right horse? I don’t know I don’t care to do that I care to like earn the stuff that I achieve in life because those things are more rewarding

Let's talk about blockchain itself and the technology That I'm 100% bare-on on the technology itself because it's a superior technology It makes sense I think that currency is going to go that direction I see it as the future

I mean you see all this kind of futuristic movies or sci-fi novels, then they talk about having credits or cred stick That hasn’t been possible before because of the problems with fiat currencies, with monetary systems and with governments controlling and being able to print up money Whereas, the cryptocurrencies, the blockchain technology, not only allows us to limit the supply of the money to be almost like it was on a gold standard, but it does expand The monetary system does expand, which is important Otherwise, you have a huge, huge deflation which is not—which you still have in cryptocurrency, by the way

I mean you can see it That's why a lot of these coins are going so far out there They're driven by speculation and deflation, really as the currency is more scarce, it becomes more valuable and more people want it What I see is that this is definitely the future I mean I would bet on this technology for sure

I don’t know that cryptocurrencies are going to go up and I don’t know that something better isn't going to come along, but it's going to be based on blockchain That's what I'm saying is that because this makes so much sense It makes so much sense that we finally have the solution where if you think about it, government—we can't trust any government in the world because we can't trust government with monetary supply Every single government that has ever gotten their hands on money to create fiat currency has fucked it up Think about this

Look at all the countries that have had major ridiculous inflations, even here in the United States We still have stagflation all the time and we're messing with money and we're having disastrous results Managing money is something that—especially as we become more of a world society and needs to be handled in a decentralized type of way, and blockchain makes sense Also, if you think about it, blockchain Just the idea, the concept of having this peer-to-peer, this validation happening from multiple nodes

Multiple people verify things, I think that makes sense for contracts You hear about things like Ethereum which uses—there's other cryptocurrencies based off of this that have this contract idea where you can actually create contracts and enforce contracts and verify them from multiple properties Think about property ownership and land ownership, and things like that entitles to things that if we have this blockchain technology, we can verify very definitely who is the owner of the property and what transactions occurred, and we can prevent fraud This stuff all makes sense and is all decentralized What I recommend is I would recommend that if you're interested in this stuff, yes, learn about it in depth

I have a cursory knowledge, but if you're interested in it I highly encourage you to learn it, especially a software developer because I see this is a huge, huge field There's going to be—there are so many companies already now that are investing in the technology and they're going to have to invest in the technology in the future Having this in-depth knowledge is not easy It's a complex thing It really is complex

I tried to go through and understand bitcoin at one point I have the gist of it, but I don’t understand the intricacies of it I'll be honest with you because there's a lot to it This is a good thing I think a good market to move into

I think it's growing and expanding market and there's always going to be jobs here If you're interested, take the time, learn it in depth but don't play around in the market Don't—like that speculation, that's how you're going to lose it So many people that are liked blockchain geeks or cryptocurrency, they're just playing the market just like a stock trader There's nothing wrong necessarily with that

I used to trade stocks for a long time, but what I'm saying is that the real value, the real people that are going to become billionaires, not just millionaires, billionaires after this technology are not going to be the people that trade the currency They're going to be the people that do something with the currency, that invent technologies on top of it Maybe some of the people that create the currencies to some degree That's what it is It's the technology itself

It's not the currency It's not the speculation It's the investment on this Can you build a business, for example, on top of blockchain? Can you build a business on top of cryptocurrency? If you can do that, that's where you're going to see the real value and that's why I'd highly encourage you to do if you're interested All right

Thanks for the question Good question If you have a question, you can email me at john@simpleprogrammercom Make sure you click the Subscribe button

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Why Cryptocurrency is the Future [Blockchain Technology THE NEW INTERNET]

welcome back to crypto lands my name is Matthew Timothy if you're new here to this channel I do cryptocurrency videos every single day so if you're into that consider subscribing today I wanted to do a video talking about disruption and adoption and this is freaking awesome I was talking about the disruption in cryptocurrency and blockchain technology and when I got started with cryptocurrency 3 years ago I didn't even know about all this but like blockchain technology is gonna revolutionize everything and I'm not just saying that but look here there's an article coming out I've been saying this by the way if you go back to my other videos you will see I've been saying this blockchain technology for the taxi industry and it will go like this for the the real-estate taxi for everything you can use this like we don't need the centralized garbage anymore telling us what to do pushing us over and to me that's living upon life but hey that's just me blockchain technology in local transportation or taxi industry is only the continuation of an evolution that has gone on for centuries blah blah blah they go on to say that taxis are still there and blah blah blah here benefits of decentralization the introduction of partially decentralized taxi systems like uber and lyft are introduced some necessary competitions into the taxi industries this has provided community commuters with more options leading to reduced fares and better quality surface however despite the extent of decentralization is that is introduced by these systems they are still governed by a single database and run by a single company blockchain takes it a step further as blockchain implementations are speeded speedily sweeping across every industry signs of the technology overtaking the taxi industry are clear already for an industry that has been continually evolving over time across ages moving into a new face will not be a surprising development at all according to Thomas Fela belicus founder of A to B taxi license taxi drivers are essential for the industry for purposes such as security and appraisals the situation in the markets is an inspiration towards the creation of the platform designed to connect customers with professionals accredited drivers directly providing a mobile application for customers to find a licensed driver as well as a driver to manage their business more effectively efficiently will go a long way in creating a sanitized taxi industry it is an essential tool for both the security of commuters and motivation towards quality service implement implementing the concept of tokenization or using blockchain based app apps to manage local transportation systems is a development that has been long coming it's really that it's likely that many taxi servers based on blockchain or tokenization will spring up this is largely due to various benefits of blockchain offers especially in the area of personal control and the decentralization for example imagine traveling to a new city every where the local currency is totally different from where you are coming from and you need a taxi service to make you to take you to the airport or to the hotel from the airport to the hotel using a blockchain powered service automatically eliminates the need for any form of currency conversion as the value of the token remains the same and is available all over the world making this a technology for the common man this is freaky not this is what we've been waiting for basically and this is the future this is where we're going guys and yesterday I was talking with a buddy three years ago ëthere IAM was 72 cent right now it's 462 dollars right now the opportunities are immense we are moving into a future that is gonna be totally different from anything we've seen before and we are still early believe me when I say this we are still early a 462 dollar etherium is freaking cheap so that's basically what I wanted to share in this video I'm freaking excited about this and freaking excited about the future with cryptocurrency and blockchain technology if you're not in it already shame on you and yeah I will see you on the next video probably tomorrow and until then stop settling and start living the coin life please

Blockchain tutorial : The Spine of Bitcoin and Cryptocurrency

Hi all, this is Rajesh There has been astronomical growth in bitcoin's price

and recently it touched $11000 USD So hows does it work? Today we'll be seeing the platform on which bitcoin runs And its called Blockchain You can say that Blockchain is the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto The main idea of blockchain is to have distributed and not centralized database So that it cannot be controlled by a single entity And has no single point of failure Bitcoin uses P2p network for transactions For any transaction to take place, it must be verified by chain of computers called 'Nodes' transaction is added to a block and then it is completed Block in blockchain contains a digital fingerprint known as 'HASH', along with timestamp and the hash from previous block This was it makes a chain So every transaction must be verified by all the "blocks" eventually making it more robust

Now consider this: Bitcoin was invented in 2008 Since that time, the Bitcoin blockchain has operated without significant disruption Well there are various application of Blockchain Technology Blockchain technology is not limited to the financial sector But many other areas too For example, Land title registration Recently Honduras government has put all land records on a public ledger – in the Blockchain The minute there is a change in ownership, it gets recorded publicly Likewise, The Australian Securities Exchange (ASX) announced this year that it would move Australia's equities clearing and settlement system on to blockchain In October 2015, Nasdaq unveiled Linq, a solution enabling private companies to digitally represent share ownership using

Blockchain-based technology Alright guys, that was about Blockchain if you liked this video, please give it a thumbs up, and for more vidoes like this, do subscribe to our channel Thank you!