Its no secret that towards Q3-Q4 of 2018; we began to see #NYC take bold & systematic steps towards revealing a future in which it fully intends to not only embrace #blockchain & #cryptocurrencies; but maintain its role as the leading financial world capital and by all accounts, I believe it will happen. From #BAKKT to #JPCOIN; NYC now strides to educate those who are trying to get a better understanding on #blockchain with the new #NYCBlockchainCenter center with quote:
New York City is doubling-down on crypto despite the bitcoin bear market. The NYC Economic Development Corp. opened a 4,000-square-foot Blockchain Center on Thursday (Jan. 10) amid the Crypto Winter. Why? Because the EDC is in it for the long haul, says an executive.
“We are playing the long game,” Ana Arino — the chief strategy officer at the EDC — told Bloomberg. “It’s a nascent technology, so there’s bound to be uncertainty around this evolution from year to year.
While we don’t know what the future holds, we want to make sure we have a seat at the table shaping it.
Article posted 10/01/19 (link: https://www.ccn.com/nyc-bets-on-crypto-opens-4000-sq-foot-blockchain-center-amid-bitcoin-bear-market)
In the above image; NYCBIGAPPS & BlockchainEducators pass out an informational packet hoping to educate those with little to no knowledge on blockchain 101 with a program doing just that, educating those willing to learn... more below
This is fantastic news for us who have fundamentally believed in the tech and/or envisioned #BITCOIN & #Blockchain playing a pivotal role in the future of finance
It's also a key indicator that while for over a decade; NYC (in particular, #WallStreet) has made great strides towards disparaging & discrediting blockchain/crypto. There's no denying it's absolutely unique, invaluable & monumental intrinsic value. It is that same tech which allows for #cryptocurrencies to exist; how they can be fungible, maleable, scalable, and operate as a global economic disrupter 24/7
> However there seems to be a common misconception amongst those new to learn about #blockchain & #crypto.
For one: they are NOT mutually exclusive
While it is true that blockchain can exist without crypto; it is not true that crypto can exist without blockchain. For without blockchain; #crypto is merely no different than PayPal. A digital, centralized asset. It's the cryptography & genius level transparency, tethered to no central banks, that makes #blockchain fundamentally unique & provides that level of value to the community & market as a whole.
