I've been talking about the queen kind of in the short term as of late but I really think it's critical to also address the potential use cases a big point and cryptocurrency well into the future. I'm not just talking a month from now three months from now I'm talking years and years as we go forward and as the technology develops even more. such as this every single day and without further ado let's go ahead and get right into the content. so why is big one going to succeed well into the future welder Quentin blotching or the war short tests of high tech and finance they're seen as either an over hyped speculative digital tulip craze and it's a throwback to the tulip bubble of Holland or the biggest revolution. since the dawn of the information age at press time queen is still in an extended trip although it's making a recovery and more than eight hundred alternative crypto currencies have reportedly quote unquote died during twenty eighteen alone fresh record a workers are published almost daily. upright copy the hundreds more scriptory across precedent fair motorcycle in stiff rejection of skeptics digital currencies and blockchain only arrive back stronger this period is no dissent in this is written by Nick Spano. she was a founder of a major crypto currency trading floor and he says writing is the founder of the world's first ever pick one trading floor let me tell you. what this roller coaster isn't for the faint hearted it isn't as bad as they say first the rate of Philly price using twenty seventeen was forty six percent for tech startups overall the failure rate is over ninety percent in three years. The good news is that thanks to I. CIOS great projects get revenue and capital and don't have to give up control or unhealthy cut of the proceeds to intermediaries hedge funds or venture capitalists most entrenched legacy interest.
Have built businesses as the gatekeepers to capital and I see you as well they are risky on definitely hope circumvent those measures the price of crypto currencies is irrelevant at this point. people must focus on building long term value through technology institutions governments and corporations now see this very clearly and more climb on board every single day. The fair weather speculators who came in late and left early never did and will not to find help watching will go those who got it early have zero regrets each chip is from a previous historic high. If you hold a six year instead of a six month view point of the crypto currencies. you see the astonishing progress of the leading critic currencies related assets end of blockchain innovation record has some bad days don't get me wrong but all assets do the blockchain is not appearance back as influencers and institutions accomplish the appreciate of an unchangeable general inscribe to warehouse tip trace transactions and catch the swelling once mathematically overlie to twenty one million points. people rush to own and hold the coin you already see this phenomenon in Venezuela and Iran were people are desperate for alternatives to their family legacy institutions and paper currencies government's record restoring the people's monetary independence ansible tediously erosion of their totalitarian control nations with legacy financial systems will try to regulate. pick one and crypto currency they will fail the reality is that you cannot regulate math big countries will only frustrate and drive their innovators to flee to friendly smaller countries. which will soon become the makers of the finance it's already happening most early leaves and watching a Dobson are happening in small countries and emerging economies because they don't have legacy institutions fearful of losing power in this is absolutely something that we've seen in the past with commentators. such as Bill Gates and other wealthy individuals looking a cryptocurrency they don't want to talk them up because they're afraid that too many people jump on board now for the three point five billion unbanked people in the world ignored.
I'd like to see banking institutions they can now be connected through existing cell networks with mobile phones anyone can have a crypto wall it remote blockchain voting treat bonds and contain plain refugee help without intermediaries solicit their cross every benefit operant on blockchain and using tokens will be accessible in the for this. Because of the orb these form occasion the quoin a viable confirmand for decorous a mankind fluency as Porter and regularity CEO Jack Dorsey promulgate this is the to come. so in other words folks point is becoming huge and it will continue to be extremely large and extremely viable in the future because it's so unanimous it has the potential to take the power from the banks and from the big financial holders of the world. Entrance route back into the hands of the common people and like this article says the unbanked or is roughly three point five million people are starting to turn to pick one for more security and as an actual useful for of currency for example Venezuelans have a crappy currency right now that is absolutely awful you could buy almost nothing with a huge sum of money in other words they're experiencing hyperinflation. Then I think personally will soon be on the same scale as the German Reich smart after the conclusion of World War one and the treaty of Versailles was signed into agreement. so in other words from the corn matters and it has a ton of use it is really important to adopt not only a shorter term stance in which you evaluate risk but it's also important to understand long term value and the bitcoin and Chris their currencies have a lot of long term value. Anyway folks that is my opinions only get all of your opinions on the comments section below let me know what all of you are thinking.
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