​​​đź’ˇ​Brainstorm: Bitcoin Bitcoin Bitcoin….

​​Article List:

​​https://raindrop.io/ship9599/crypto-18069366
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​​Useful Resources:

  • ​​Real-time bid-ask spreads can be found here as Bloomberg, Factset, Thomson, etc… might not be as current/reflect it properly in their currency crosses.
  • ​​Summary List of all Cryptocurrencies & Mkt caps here.

​​Goal

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​​https://youtu.be/o8T095mFdW8
​​What do you hope to get out of this?
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​​Details & General Thoughts

  • ​​Crypto currencies are essentially “New money”, backed by nothing more than a bunch of independently operated computers and user faith in an open source algorithm. Many fans see that as a feature, not a bug. Their faith in technology is higher than their confidence in government or the current banking system.
  • ​​Could governments shut down crypto currencies at some point? 
  • ​​Of course they could, but why would they want to? 
  • ​​Crypto currencies are generating a fresh investment cycle in highly scalable technologies.
  • ​​Most global tech companies (Google, Facebook, Amazon, Netflix, etc) are American. 
  • ​​The opportunity in worldwide “New money” dwarfs even those businesses. 
  • ​​I doubt this point is lost on policymakers in Beijing and Moscow, among other countries.

​​How To Buy:

  • ​​Easiest - Coinbase
  • ​​Safest - Cold Storage
  • ​​Resources:

​​Ideas:

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​​Description
​​Notes
​​"Old money” is profoundly confused by bitcoin/crypto currencies
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  • ​​Everyone from Jamie Diamond to Sovereign Nation Gov’ts
  • ​​“Old money” is the established system of national currencies backed by the power to tax their populations, and where a notionally independent central bank manages the money supply.
​​ICO’s are Threatening Traditional VC
  • ​​Could this phenomenon be similar to PE taking on public markets
​​Only Really Fulfills 1/3 of Money’s Main Functions
  • ​​Medium of Exchange
  • ​​Store of Value
  • ​​Unit of Account

​​First Take:

​​At the end of the day, the Crypto Currency Frenzy can be broken down into two distinct parts:
  1. ​​Currency (Speculative & ST Money Making Side)
  1. ​​Blockchain Technology (here to stay)
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​​Long Term, the trillion dollar question: How Will Blockchain Tech Change the World?
  • ​​The price of these currencies are all over the press, but its the underlying tech that really matters
  • ​​System:
  • ​​Simple
  • ​​Robustly secure
  • ​​Highly scalable
  • ​​Fragmented enough to be unhackable
  • ​​Higher frequency of consumer frustrating events (think Equifax hack) = movement up the demand curve   
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​​Invest?