Social Impact
October 23, 2018

Why Bitcoin and Crypto Have No Future

A light-hearted sarcastic jab at the naysayers.
5 min

Originally published in Think Outside the Blox, Medium

Why Bitcoin and Crypto Have No Future

A popular post on social media over the past week lists out some of the major events/announcements in Crypto space. Taking a light-hearted sarcastic jab at the naysayers.

And, Here We Go!

  • when the NYSE is creating the cryptocurrency trading platform Bakkt in collaboration with Microsoft and Starbucks with physically backed Bitcoin futures contracts.
  • when Fidelity is offering it to its clients and has been mining it since 2015.
  • when Steve Wozniak is co-founding a cryptoasset investment firm.
  • when Katy Perry IG'd this!
  • when Brendan Eich, creator of JavaScript and Mozilla, started Brave Browser with a built-in ad-blocker and Basic Attention Token (BAT) to reward content creators.
  • when Amazon Web Services partnered with QTUM.
  • when the Bill & Melinda Gates Foundation is utilizing Ripple's interledger protocol to help with payment services for the financially impoverished and unbanked.
  • when IBM is partnering with Stellar Lumens (XLM) for cross-border payment solutions.
  • when Jamie Dimon, tells all that Bitcoin is a fraud and that if he catches any employees who own it he would fire them, while in the background JP Morgan and Morgan Stanley bought Bitcoin ETNs on the dip.
  • when the MLB is launching a crypto-based game on the blockchain using the ERC-721 standard for non-fungible tokens.
  • when George Soros initially bashed cryptocurrencies, only to later buy a stack of Bitcoin at the $6k low.
  • when Alibaba and IBM have the most blockchain patents in the world.
  • when Yale's endowment invested $400 million in cyptoasset funds.
  • when the Winklevoss twins took $11 million of their Facebook money and put it into Bitcoin in 2013 when it was $120 each.

Should I go on?

Yeah. This has no future.Accumulate, HODL, and think outside the blox!

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Image source: Think Outside the Blox