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Bank of Korea chief says crypto has no intrinsic value, expects volatility

Bank of Korea Governor Lee Ju-yeol has expressed skepticism over the recent crypto rally, stating that the bank is progressing with a digital currency project.

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Amid a major downward correction in the cryptocurrency market, the head of South Korea’s central bank is skeptical about digital currencies like Bitcoin (BTC).

Bank of Korea Governor Lee Ju-yeol said that crypto assets like Bitcoin have no intrinsic value, local news agency Yonhap reports Tuesday. The official said that he expects more price swings on the market, stating, “It is very difficult to predict the price, but its price will be extremely volatile.”

Speaking at the National Assembly, Lee also addressed possible reasons behind the recent sharp crypto rally, which led Bitcoin to become a $1 trillion asset. The BOK governor cited a number of factors including global concerns over excessive inflation, growing institutional interest, as well as a massive $1.5 billion Bitcoin purchase by Elon Musk’s Tesla.

“These assets saw a steep rise in the shortest period of time,” Lee stated. “I would say institutional investors’ assessment of using bitcoins as a hedge could be interpreted as another factor.” 

According to The Korea Times, Lee claimed that the BOK is progressing with its central bank digital currency. “The bank is close to completing our review of designs and relevant technologies regarding bank-controlled digital currencies,” he said. As previously reported, the bank issued a book on legal issues surrounding CBDCs in early February.

Bitcoin saw a steep correction on Feb. 22, with its price plunging from above $58,000 to below $48,000. United States Treasury Secretary Janet Yellen criticized Bitcoin in an interview on Monday, stating that the world’s largest cryptocurrency is “extremely inefficient way of conducting transactions.”

Source: https://cointelegraph.com/news/bank-of-korea-chief-says-crypto-has-no-intrinsic-value-expects-volatility

Blockchain

How to Sell Bitcoin on Paxful in the Philippines

With multiple payment options (over 300 ways to pay for Bitcoin), a global buyers and sellers, and as the biggest P2P marketplace in terms of number of transactions and volume, Paxful is one of the leading crypto marketplaces and as such a great and reliable place for Filipinos to start selling Bitcoin.

The post How to Sell Bitcoin on Paxful in the Philippines appeared first on BitPinas.

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Paxful is a peer-to-peer marketplace where Filipinos can buy and sell Bitcoin. It has been around since 2015 but has since maintained a full team here in the Philippines, following a successful marketing campaign in 2019 that continues to this day.

The crypto market is volatile, but whether the price of Bitcoin goes up or down, there is opportunity to earn profit through arbitrage — buying a crypto at a lower price on one marketplace and selling it on another platform. One place where arbitrage can be done is Paxful.

Table of Contents.

Rules for Selling Bitcoin on Paxful

As a P2P marketplace, Paxful provides an escrow to protect both the seller and the buyer by keeping the Bitcoin funds and releases it once both parties have fulfilled their obligations.

Paxful has a list of rules that guides every seller on its platform. Take a look at the following rules and make sure to be guided by them when transacting on the Paxful platform:

  1. Be accountable. Sellers should accept all risk and liabilities when trading. It is up to the sellers to protect themselves from malicious actors and obvious scams. So always be alert!
  2. Do no broker gift card codes. This means you cannot sell gift cards you buy from a third party into Paxful.
  3. Be responsive to buyers. Sellers should deactivate all offers if they are away from the computer.
  4. Be respectful to buyers. This is pretty self-explanatory.
  5. Write clear offer terms and trade instructions.
  6. Off-escrow trades are not allowed. Do not give other users your contact information outside Paxful and communicate from there. In case of fraud because of off-escrow trades, Paxful will not be able to help you
  7. Do not be open to price negotiations. The buyer must pay the exact price that is set for the trade. 

How to Register on Paxful

BitPinas has an article on how to buy Bitcoin on Paxful. So proceed there if you don’t have any Bitcoin yet.

In this article, we look at the sell side but we already assume that you know how the process of buying works (since you have already bought Bitcoin in the past). Our focus here are important tips and pointers on selling Bitcoin in Paxful that is highly relevant for the Filipino community.

In case you have not registered yet, here’s how:

  1. Go to paxful.com and click “Get started” and then “create an account.”
  2. Enter your email address and a strong password.
    1. Note that you can only change your email within the first 7 days and only if there’s a typo.
  3. Complete the verification procedures.
  4. Paxful will send you an email with the instructions to verify your email address.

Note: If you somehow arrived at this page and you don’t have any Bitcoin, check out our first guide: How Filipinos Buy Bitcoin on Paxful

Disclosure: BitPinas will receive an affiliate earning if you use our link to Paxful. Doing so will support the development of the website.

How to Sell Bitcoin on Paxful

Because Paxful is a marketplace where buyers meet sellers directly, the seller and/or buyer could be here in the Philippines or anywhere around the world. The buyers and sellers agree on a price compared to wallets where you buy or sell based on the wallet’s prevailing rate.

Step 1: Create an Offer

1. Click Create an Offer

As the seller, you set the rules of the trade. First, “Create an offer” to start the sale process, then choose the cryptocurrency you wish to sell and choose “Sell”. We will choose “Sell Bitcoin” in this guide.

2. Select a Payment Method

Next select the payment method. Paxful has more than 300 ways to buy and sell Bitcoin. If you are new to selling Bitcoin, the tip here is to choose options that your potential buyers are familiar with and the payments you are comfortable accepting. Here are some recommended payment options

  • Local Filipino payment methods like PayMaya, GCash, or Bank Account
  • USDT or other cryptocurrencies available

Now, remember that Paxful is a global marketplace, with 300 payment methods available. In this age of interoperability, it’s possible to receive a payment made through MoneyGram and have it transferred to GCash or even Coins.ph. There is no need to go to a MoneyGram branch to claim the payment. 

Here are the global payment options that connects to GCash, PayMaya, or Coins.ph”

  1. Western Union
  2. MoneyGram

Here are global remittance options that connect to local bank accounts:

  1. Remitly
  2. RIA Money Transfers
  3. World Remit
  4. Xoom
  5. Paysend
  6. PayPal
  7. Srkill
  8. Payoneer

There are some buyers of Bitcoin who would like to offer their Gift Cards for Bitcoin. You may choose this, but ask yourself what are you going to use these gift cards for?

At this point, also take note of the escrow fee per payment method. Paxful acts as the trusted middleman by providing an escrow service where the seller sends them the Bitcoin, and Paxful only releases the Bitcoin to the buyer when the payment is made. This way, the buyer and the seller only need to trust Paxful rather than having to trust each other.

3. Choose your preferred currency

Only one currency per offer is allowed. If you want to sell only locally, choose Philippine Peso, otherwise USD is the global currency for trading.

4.  Click “Next Step”

Step 2: Determine Pricing

1. Click Market Price or Fixed Price

  • If you select Market Price, your offer’s selling price will change according to Bitcoin’s prevailing market price
  • If you select Fixed Price, your offer is locked at the price you set

(If you are selling stablecoins, the above options are not available.)

2. Option A: If you select “Market Price”, choose the profit you would like for each sale by specifying an “Offer Margin”.

This is extremely important as it dictates how much you earn at the exact time your sale was fulfilled. How much would you like your offer to be above the market price? Some pointers:

  • Choose a profit percentage that you think will be attractive to the buyers.
  • Research the market and your competition – be competitive on your selling margin. Not too low that you’re not making a profit anymore, not too high that no buyers are coming in.

Option B: Alternatively, if you choose “Fixed Price”, specify the fixed price you intend to sell. Paxful will immediately calculate how much you will earn from the trade depending on the current market price.

3. Set Offer Trade Limits

Select the minimum trade amount and maximum trade amount that you want to sell. If you have Php 50,000 worth of Bitcoin, 50 people could buy Php 1,000 and you would have to do 50 transactions or you could set limits to that the minimum purchase was Php 25,000 so you would limit your sale to two transactions.

4. Set up the Offer Time Limit

How long should the buyer have to make the payment? As the seller, this is also entirely up to you. Indicate the amount of time that you want the buyer to fulfill their payment. If the buyer fails to pay within that time limit and fails to click “Paid”, the trade will be automatically cancelled. It is recommended you allow a reasonable time to maximize the chance of your trade completing. Many Filipinos may choose to set a time limit between 15 to 30 minutes. We think that’s a reasonable amount of time, considering that internet connection may slow down the buyer’s mobile banking or e-wallet app.

5. Click Next Step

Check all the details are correct before proceeding to the next step.

Step 3: Write the Trade Instructions

1. Choose Offer Tags

“Offer Tags” describes your offer terms. It’s a way for buyers to read ahead what is expected when they trade with you. Some examples include: “same bank only”, “cash in person”, “cash only”, “online payments”, etc.   

Simply put, the “Offer Tags” are a predefined list of tags created by Paxful.  The next step “Offer Label” allows you to create your own eye catching promotional tag.

2. Add an “Offer Label”

These are the labels you add to catch the attention of potential buyers. For example: “Fast Transaction”, “BSP-Licensed”, and more.

3. Write the offer terms.

Clearly outline your Offer Terms on the space provided. Do you require cash receipts? Are they required to submit a photo of their ID? This information will be shown publicly in your sell offer so potential buyers would know before initiating a transaction. The above is the terms from the seller BloomX, which is a licensed virtual asset service provider in the Philippines.

For more tips on writing good offer terms, jump to this portion of the article<anchor link>..

4. Trade instructions

Write here a step-by-step guide on how the trade will proceed. The trade instructions must be as detailed as possible.

This is an example trade instruction for a seller that wants the transfer to be in Western Union.

5. Choose if you need a verification filter

6. Select advanced options

These are just some of the fine tuning options you can do before you post your sell offer:

  • You can select a target country or countries where you would like to get trade partners
  • Set minimum amount of trades limit. This means you limit your offer to users who already transacted X number of times on Paxful.
  • Set limit by countries
  • Adjust proxy/VPN limitations
  • Adjust your working hours

7. Review everything then click “Create Offer”

What are the Paxful Fees When Selling Cryptocurrency?

There is no fee when buying Bitcoin on Paxful because you are buying the rate set by the sellers. 

When selling Bitcoin, the escrow amount is deducted from the seller’s Paxful wallet at the beginning of the trade. This simply means that Paxful secures the token during the trade, ensuring that once the buyer paid, Paxful will immediately release the token in the escrow.

When the trade is completed, Paxful receives the escrow fee. If the trade is not completed, no escrow fee is paid.

Paxful Trading Fees

Payment Group Sell Cryptocurrency Buy Cryptocurrency
Bank Transfers 0.5% no fee
Credit/Debit Cards 1% no fee
Digital Currencies 1% no fee
Online Wallets 1% no fee
Cash 1% no fee
Goods & Services 1% no fee
Gift Cards 3% for all gift card types5% iTunes and Google Play cards no fee

How to Write Good Offer Terms

Your offer term might decide whether a buyer will push through with your transaction or not. Here are some tips:

  1. Offer tags. These are keywords that buyers will immediately understand. For example: “ID required”, “cash only”, “receipt required”.
  2. Create short and concise descriptions. This is how you will describe how the buyer can pay you. Some examples include:
    1. For PayPal: “Your PayPal account must be verified.”
    2.  For Western Union: “Cash Payments only.”
    3. For Gcash: “Your GCash account name should match your name on Paxful.”

Common Payment Methods

As mentioned there are 350+ payment options available on Paxful.

  • Globe GCash
  • Paymaya
  • Local banks via Instapay
  • PayPal
  • Western Union
  • MoneyGram
  • Skrill
  • Payoneer

What To Do After a Trade is Completed?

Consider leaving feedback. This will help other traders to know more about the buyer. The same should be done by the buyer to sellers. 

Sellers and Buyers can also add their trade partner to a “Trade Partners” list. This will allow you to create your own trading community with the users on Paxful that you trust.

More Tips When Selling Bitcoin on Paxful

According to Apryl Albero, Community Marketing Manager at Paxful, Filipino traders on the platform can take advantage of arbitrage opportunities that boils town to this strategy: “Buy low locally, sell high globally.” 

“We are lucky to have vendors on Paxful where users can buy bitcoin locally at very low margin and sell this globally at higher margin.”

Here are some tips shared:

  1. Familiarize yourself with global payment methods available to us Filipinos. As shared on the instruction on the payment methods. The seller can choose “Western Union or Moneygram” as a payment method. Both of those options are available to global sellers. The seller can proceed to have the funds sent to mobile wallets like GCash or PayMaya.
  2. As a seller, you have full control of your profit – set your own margin (or sell mark up) and determine the profit you will make.
  3. You have an option to trade only with ID verified buyers.
  4. Once you have a buyer always make sure to confirm receipt of payment before you release the trade. After the buyer “mark the trade as paid”, this is your cue to check if the payment arrived and reflected in your account. Only then you will release the bitcoin from the trade. NEVER release the trade unless you have confirmed that you received the payment.
  5. Build a good reputation and connection with your buyers – once they trust you, they will not look for another vendor and will keep doing business with you. 
  6. Research the market and your competition – be competitive on your selling margin. Not too low that you’re not making a profit anymore, not too high that no buyers are coming in.
  7. Don’t trust vendors right away. You will eventually build your connection with other vendors but don’t necessarily trust them. As a rule of thumb, you only release bitcoin once payment is confirmed and received. Never trust buyers that ask you to release bitcoin before payment. Trust your instinct when it comes to dealing with suspicious customers.

Overall

With multiple payment options (over 300 ways to pay for Bitcoin), a global buyers and sellers, and as the biggest P2P marketplace in terms of number of transactions and volume, Paxful is one of the leading crypto marketplaces and as such a great and reliable place for Filipinos to start selling Bitcoin. Hopefully the tips above will come in handy as you begin your P2P journey.

Should you ever have questions, you can head out to Paxful’s Telegram channel where the Paxful community can help you if you ever need support.

This article is first published on BitPinas: How to Sell Bitcoin on Paxful in the Philippines

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Source: https://bitpinas.com/learn-how-to-guides/how-to-sell-bitcoin-on-paxful-in-the-philippines/

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Musician Grimes’ debut NFT auction generates $5.8M in 20 minutes

Acclaimed musician Grimes has made $5.8 million in 20 minutes after auctioning eight tokenized artworks in her first NFT drop.

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Candian musician and visual artist, Claire Elise Boucher, or Grimes, has sold a mammoth $5.8 million worth of tokenized art in less than 20 minutes on Nifty Gateway.

On Feb. 28, the popular musician launched her debut NFT collection, “WarNymph,” in collaboration with her brother, digital artist Mac Boucher.

The collection takes elements from mythology and futurism to create the “Oth3rkin universe,” with Grimes’ WarNymph collection comprising a goddess who battles obsoletion and future decay within a fictional realm. The listing on Nifty Gateway states:

“WarNymph is the Goddess of Neo-Genesis. She battles the destructive force of obsolete ideas and systemic decay that threatens the future. She embodies the power of perpetual regeneration that manifests in a state of infinite infancy where she sheds her old skin of corruption.”

The collection included four drawings sold by open draw, three images sold through silent auction, and a regulator auction for a single one-of-a-kind multimedia piece.

. Each of the artworks depicts angelic infants, often featured in dystopian scenarios invoking themes pertinent to popular culture — such as an incubator reminiscent of The Matrix, and a monolith that invokes The Planet of the Apes.

The four open edition tokenized drawings were priced at $20 and limited to 100 copies each, with the buyers of each piece being chosen through a random draw. More than 13,000 people signed up for each open draw.

The silent auctions, which allowed bidders to anonymously vie for one of 10 copies of three artworks, fetched prices from $77,000 to $111,000 — despite minimum bids starting at just $1,000.

The most-expensive NFT sold was “Death of the Old”, an animation depicting flying infant angels circulating a glowing white cross that is accompanied by an exclusive demo track from Grimes. The piece was sold through a regular auction, with the winning bidder paying nearly $389,000 for the one-of-a-kind artwork.

Grimes is a well-known Canadian musician and wife to Tesla CEO and Dogecoin enthusiast, Elon Musk. The entire Musk family is now involved in crypto, with Tesla investing $1.5 billion in Bitcoin on Feb. 8., and Elon purchasing Dogecoin for his 9-month-old son on Feb. 11 so that he could become a “Toddler Hodler”. 

After her tokenized art debut, Grimes has become the top-performing musician in the NFT industry to date. The musician also teased further drops that will be released as she continues to develop the Oth3rkin universe.

Grimes also noted that a portion of the proceeds will go to Carbon 180, an NGO dedicated to reducing carbon emissions.

Grimes’ debut follows moves from other celebrities to embrace NFTs, such as entrepreneur Mark Cuban, actress Lindsay Lohan, vocalist of rock band Linkin Park, Mike Shinoda, and former MLB player, Micah Johnson.

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Source: https://cointelegraph.com/news/musician-grimes-debut-nft-auction-generates-5-8m-in-20-minutes

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Grant Blaisdell on why he is creating an NFT marketplace for digital space assets, his biggest crypto horror story, and more

CryptoSlate recently had the opportunity to chat with Grant Blaisdell, the founder and CEO of Copernic Space, a marketplace for “digital space assets and companies.” Grant has been creating ventures at the intersection of new technologies and media in the US and Central Europe since his late teens.

The post Grant Blaisdell on why he is creating an NFT marketplace for digital space assets, his biggest crypto horror story, and more appeared first on CryptoSlate.

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CryptoSlate recently had the opportunity to chat with Grant Blaisdell, the founder and CEO of Copernic Space, a marketplace for “digital space assets and companies.”

Grant has been creating ventures at the intersection of new technologies and media in the US and Central Europe since his late teens. An early innovator in applying blockchain technology to various industries, companies Grant has co-founded include the leading Blockchain Analytics and AML company Confirm and the digital asset marketplace for the Space industry Copernic Space. As a lifelong musician and hip hop artist known as GB Savant, Grant also applies his technological work to his music with upcoming projects such as Mr. Crypto.

What is your professional background and how/when did you get into crypto?

I was in the LA startup and digital media space mainly focused on distribution and monetization models around digital content on mobile whether music or video. Bitcoin was already something I had heard about and had positive feelings towards based on my understanding and my viewpoint and value towards the world and its systems.

But I think most people have an “Aha” moment as to this technology, mine was around 2013 when I realized that applying this technology in certain ways can help alleviate a major issue I was looking to solve and that was centralized 3rd party platforms and middlemen that provided minimal transparency. I’m coming back around to my crypto roots recently as I’m becoming more and more involved in the digital media and music scene around this technology.

Tell us about why you decided to start Coinfirm?

Really what sits at the core of Coinfirm is providing the bridge between crypto and the mass economy and democratizing the AML market from high cost and low effectiveness to a highly effective near automated utility that a small startup to a major financial institution can use to properly cover their compliance needs for blockchain assets. We saw where we thought crypto was going and understood that for it to reach the point of any mass adoption that it would have to cross the regulatory challenge and more specifically the AML aspect.

On the flip side, our founding CEO and CIO have a deep background in AML, anti-fraud, and related analytics aspects and we understood that not only can we provide the AML bridge connecting crypto to the market but totally change the realities and effectiveness of AML overall. We took it from a high cost 2% effective process in the traditional financial industry and turned that into an easy to use near automated solution that works in 90 percentiles.

With our blockchain agnostic foundation, meaning the capability to technically integrate and analyze across blockchains, and a combination of many other competitive advantages we were quickly able to cement ourselves as an AML and analytics segment leader. Although we were really early and one of if not the first that focused on the AML challenge, our long-term vision is continuously being proven correct and we look forward to showcasing that further with our AMLT Oracle solution for DeFi and other solutions like ReclaimCrypto.

What are the biggest misconceptions about working full-time in crypto?

That its some sort of easy get rich quick market you can just enter and fly through. I’ve personally never been focused on the speculative aspect but more so the solution building and application part, so for me, I’m uniquely invested in the long haul and live and die by what I create.

Although the massive growing interest in the speculative element of crypto has its obvious positives, I think what people don’t see is the countless hours and amazing work being done by people all over the world in this space that is what will at the end of the day get crypto into the hands of a good portion of society whether they know it or not. I can’t tell you many people I’ve seen leave the “industry” as they get frustrated after BTC drops for an extended period etc.

What is your biggest frustration with the industry?

Selling blockchain as the solution and not selling solutions themselves. One thing is also something that has a positive side as well, which is this kind of ideological approach of many people, especially people that were very early. This has proliferated into the products they were pitching or selling and in my view clouded the reputation of other related players by association.

You can’t say hey I’m here to kill you and then sit down and try to work with them or sell them in. These things take time. Also the speculative focus relates to the above and then places the validity of the industry on the speculative rises and falls of the assets themselves.

What is your craziest crypto horror story?

As a Co-Founder of Coinfirm I got many internal views on “crypto horror stories”. But the hacks, the public scams, etc are much more visible, the true “conman” is operating in the shadows of this industry. There’s a bunch of blockchain project founders that have in total spent countless hours and time and even trips for a potential client or investor that ends up being a scam of a very high caliber.

I won’t go into details, but just know that there are organized companies marketed as investment firms with a constant array of switching but copied websites, names, and addresses in Switzerland. They consist of professional con men centralized between Switzerland and Italy that engage blockchain project founders they assume to hold significant crypto assets and then target them to eventually execute transactions that are simulated from their end but real from yours.

Tell us about your new venture, Copernic Space, and what problems it is aiming to solve?

Copernic Space is an NFT-based marketplace for digital space assets and companies. Copernic Space’s story starts three generations ago with my grandfather who was an aerospace professor for the national military academy in Poland. A free market capitalistic-minded guy behind the wall of communism, he began his writings around what we would call now the “democratization” of space based on the true struggle of access. The amazing intellectual capital and property being generated locally weren’t accessible to the West and vice versa.

A demo of how Copernic Space marketplace works
A demo of how Copernic Space marketplace works

This torch was picked up by my mother and handed to me with the beginning stages of our Copernic Space concept starting over 6 years ago. One thing I’ve learned through my various startup ventures, their successes, and failures, is that timing is of great importance, and at that point in time was blockchain technology not mature enough to create the features we felt were foundational for what was needed, but the mentality of the space industry itself wasn’t ready for what we’re attempting to do back then. Just now are these two points capable of aligning to birth a platform that serves to improve the efficiency and scale of the space industry as it is today, but also provide a new digital economy foundation for the space economy and its future.

Currently, in many cases the process to discover, acquire, and access satellite imagery, data, and what we call  The Copernic Space marketplace will allow for digital space assets such as satellite data, imagery, EO, and more to be easily acquired and accessed in one place, unlocking a larger and more efficient market.

Copernic Space Website
Copernic Space Website

Space enterprises can better manage and monetize their digital space assets while the global market benefits from an easy way to discover and access them. With our SmartFund built side by side with the Marketplace, we’re providing the opportunity for projects to showcase themselves and garner funding from the public.

The entire platform is blockchain-powered and built on a tokenized (mainly NFT) and smart contract-based system, providing a transparent, democratized, and much more secure and efficient foundation for the space economy.

We just past our MVP stage and are applying a new UI while working directly with industry partners such as satellite imagery providers on direct commercial use cases and creating the Copernic Space Data Standard, which we’re building to finally create an acceptable standard across the market and help alleviate many of the issues facing it. Along with this process, we’re currently in a funding round that will take us to a public product and lead up to full market launch.

What other projects and/or blockchain developments are you most excited about?

I originally have that background in digital media and music, and I’ve actually stayed involved over the years in applying blockchain tech to that sphere, whether it be helping develop blockchain-based ticketing applications for the industry or something as simple as giving fans bitcoin at my concerts. So the truth is in general I’m heavily into taking digital forms of intellectual property and providing new ways for the creators to better own, protect, and monetize them.

Rarible has shown the great potential of just a sliver of that for example, while projects like ROCKI are applying it directly to music. Although obviously there is so much uncertainty, as usual, attributed to these next 10 years, but when it comes to crypto and further blockchain development it is going to be very exciting.

Do you have any blockchain and/or crypto predictions for 2021 and beyond?

Regulations, specifically AML aspects will enter DeFi soon. The debate around if/who/how to legally pursue true DEX and DeFi like structures and apply these regulations. I don’t like getting into the speculative and related predictive things in crypto, but as we’re still technically in the early stages of all of this, you are going to continue to see the ongoing extinction event of countless tokens, and more up and down waves around major asset pricing.

Along with that probably a few more “bitcoin is dead” articles But in general what we’re seeing in this run in my opinion is pushed by institutional players and companies coming in and is more akin to the .com bubble period although the ICO boom shared similarities to the .com period as well. The next run is going to be pushed by commercial implementations such as Copernic Space and some more mass-market applications around digital media for example. This run might not stop anytime real soon though with that said.

What are the biggest obstacles for the mainstream adoption of crypto?

Obviously regulatory uncertainty or just plain bad regulation. This is going to come in various waves, such as crypto in general, we saw it with ICOs, we’re gonna see it soon with DeFi. Entirely new models are being built and their true integration into segments of the economy will take time and continual waves. I also think that we have to differentiate what we see as the end “mainstream” adoption of crypto.

I’ve always thought that for the majority of people, who aren’t going to be really holding or treating cryptocurrencies as major investments, will be using cryptocurrencies and most likely not even know it.

One of the major obstacles for the mainstream adoption related to that is overall user experience and the exotic thought that regular users will be messing with complicated processes, private keys etc, and the products are going to start reflecting that along with more general adoption.

What is your most controversial opinion relating to blockchain and/or cryptocurrency?

Although I don’t think its technically controversial as it’s general truth for now, I love ethereum and view it as the foundational language of blockchain development, but I can’t trust it enough from a scalability and business end to fulfill what I need for true commercial applications based on it. The swings and high risk in stability and transaction costs are not something that an application that needs to provide true operational trust for companies can rely on.

Although it’s kind of painful to say, Ethereum sets the foundation for our blockchain development but is not going to be the blockchain we deploy the product on.

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Source: https://cryptoslate.com/grant-blaisdell-on-why-he-is-creating-an-nft-marketplace-for-digital-space-assets-his-biggest-crypto-horror-story-and-more/

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3 types of bitcoin investors that ‘should be concerning to central banks’

Blockchain4 days ago

CoinGecko Debuts “How to Bitcoin” Book

Blockchain4 days ago

A PrimeXBT trader explains how he turned $400k into $8.5 million using Covesting Copy Trading

Blockchain3 days ago

Crypto Analyst Michaël van de Poppe Updates Bitcoin Levels to Watch

Blockchain4 days ago

Arca Debuting Bitcoin Trust to Challenge Grayscale

Blockchain3 days ago

‘Bitcoin could reach $1 million or $1, and may do both of those’

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