posted on Dec, 31 2020 @ 10:06 PM
a reply to:
projectvxn
It seems like Coinbase is developing a new altcoin/blockchain product every week; I get constant emails to try them out.
IMO I am very wary of institutional investors in this space. These are the same people (see Jaime Diamond from JP Morgan, or more recently Ray Dalios)
that were eviscerating cryptocurrency not long ago. These guys are very calculating and strategic in what they say and what they do. If they are
dumping on a particular asset, they are probably hoping to drive the price down so they can buy it cheaper, and inversely, if they are saying good
things about an asset, it means they have added it to their portfolio and are all in on the "pump"
I'm patiently waiting for cryptos to start transcending the use as a store of value/financial token and get more traction with smart contracts and
escrows. IoT was another "buzzword" term that was linked to crypto currencies, but not sure if that was a good fit. I really want to see this tech
applied to the public and governmental domain. The election infrastructure in the US, arguably the most prosperous and advanced nation on earth, is
/crying out/ for an extreme makeover, and IMO block chains and consensus algorithms, IF EXECUTED PROPERLY, could help cull fraud and malfeasance from
our electoral processes. I say IF because of the technological barrier of entry for this space, and it would help no one to switch to a block chain
electoral system that isn't transparent or is presented as some form of "magic" to the public.
I will check out Chainlink; thanks for raising it here.