What would it take for you to leave Facebook today?
Not just Facebook the platform, but all the entities it owns.
Instagram and WhatsApp too.
If you did, you would be cut off from a large part of your social interaction.
You could migrate to a different service, like Snapchat or iMessage,
But it would only make sense if your entire social group did the same.
Right there is the power of Network Effects.
They occur when an each additional network participant enhances the value of the network as a whole.
Let’s look at the world of Crypto through that…
This morning, I woke up to this.
Within hours, BTC and ETH have dropped nearly 15%.
In this space, the question of the carbon footprint and environmental sustainability is always brought up.
With damming headlines over the energy consumption used in mining BTC, large companies and institutions are hesitant to explore crypto as a medium of exchange for their goods and services.
For blockchain technology to cross the chasm, this is a question that needs to be answered.
The carbon footprint of the Bitcoin blockchain is due to its reliance on the ‘Proof of Work’ consensus algorithm. …
Bitcoin, the largest of all crypto assets, seems to be stabilising in price. With a Market Capitalisation of a Trillion Dollars and ongoing investment flows from institutions, 1000% price increases over 12 months may be a thing of the past for BTC.
As Bitcoin goes mainstream, speculative money seems to be flowing away from largest cryptocurrency into ‘Altcoins’. These are assets with a lower a market cap, but at the same time greater latent potential for enormous asset appreciation.
The point of this series of posts is not to speculate on which of these ‘Altcoins’ is best placed too x10…
On 21 December 2017, Long Island Ice Tea PLC announced a pivot.
The New York based corporation had been known in the market for years as the manufacturer of the very best Ready to Drink Lemonade and Ice Tea.
But in the last few weeks of the year, they decided to change their name to Long Blockchain Corp. In the midst of the first Crypto Boom the company decided to refocus, with a public statement claiming it was to redirecting its efforts away from beverages towards the;
“exploration of and investment in opportunities that leverage the benefits of blockchain technology”
Crypto is coming for the world of retail transactions like a tidal wave.
There is an inefficiency in the financial systems that facilitate payments. Since 2008, traditional intermediaries are shrouded in mistrust and transactions through them are expensive.
In the short run, companies like Jack Dorsey’s Square have already taken advantage and created a far more competitive transaction fee offering in response to the inflated fees imposed by banks.
But blockchain technology offers a seismic leap forward. The possibility of Peer to Peer, transparent and entirely secure transactions, without the need for centralised intermediaries.
Even within my e-commerce business, we…
The sharing economy was one the great inventions of the internet.
A population of marketplaces, that enabled a connection between buyers and sellers of goods or services that was never before possible.
For instance, before Uber came to London, the famous Black Cab service was a taxi riders only option.
For a driver, gaining a Black Cab license is a laborious and expensive process. It involves passing a test, known as ‘The Knowledge’ which takes an average of 34 months to complete, and the acquisition of a specific model of car, the Hackney Carriage.
All one needs to become an…
Tesla’s current market cap makes it the most valuable automobile company in the world. By that metric it is 3 times the size of Toyota and 4 times the size of Volkswagen.
If we consider Tesla’s relatively limited manufacturing scale, the valuation simply doesn’t make any sense in present day terms. With regards to revenue generated from automobile sales, it is far behind the pack. It remains the child of the industry.
Part of the companies inflated valuation its clear leadership in the still emerging electric vehicle market. …
Do you consider BlockFi and other centralised DefI Protocols to be safe, looking forward to the future?
The interest rates offered on ETH, USDC and BTC seem too high! Where is the risk going?
A ‘bubble’ is a scary term. It speaks of mania followed by a cataclysmic doom.
When the dotcom bubble burst in the late 2000’s, the Nasdaq entered a 2 year downward turn that would wipe 80% of the index value.
An utter blood bath.
In the aftermath, it was understood that analysts had focused on expected future returns. Traditional logic based metrics, like cash flows a generated revenues were simply being ignored.
Sounds similar to the hype surrounding emerging tech today.
In the past weeks, my friend who shuns using a credit card in favour of cash told me she’d…