PURA and bitcoin are two heavyweights today
http://cryptocurry.com/news/russia-officially-legalizes-bitcoin/
Topic: [ANN][PURA] Pura | Anonymous | X11 | Masternodes | Privatepay | Instapay - page 35. (Read 35426 times)
February 23, 2018, 01:41:41 AM
February 22, 2018, 03:20:16 AM
How much are daily mining Pura coin with D3 miner?
February 21, 2018, 09:44:07 AM
PURA 101 – Cryptocurrency Basics Part 3
by JU | Feb 21, 2018 | Pura Coin | 0 comments
PURA 101 – Cryptocurrency Basics Part 3
From DAO over ETH to FUD…
….exploring cryptocurrency terminology
PURA Vida everyone! Back to our ABCs where our last entry was the letter C as in cold storage. For those of you just tuning in now, PURA 101 is a series on terminology of cryptocurrencies and blockchain technology. Read here for the first part of the series. The PURA team wants to ensure that find as much information as possible here in our PURA blog. Feel free to contact us if you want to find out more on a certain term. We will try to include your questions in an upcoming article.
So let’s start this session with a very important PURA term:
D as in DAO
The letters DAO stand for “Decentralized Autonomous Organization”. The main difference between a DAO and a traditional hierarchical organizational model is that a decision requires consensus of all stakeholders. DAO is an organizational structure that is based on rules put into code in smart contracts. These smart contracts involve a variety of tasks, such as distributing funds on a certain date. Or when a certain percentage of voters agree to fund a project. Read more here for a great visualization of DAOs.
Concurrently, PURA believes that the political empowerment of masternode operators with a democratic vote on the spending of treasury funds will bring a social breakthrough. Activities of DAOS involve governance around network issues, and treasury decisions around proposals that relate to development of the network, software layers, functionality and various marketing activities. Correspondingly, find the current version of the PURA Whitepaper here for more details.
Daytrading
In the world of cryptocurrency, this term refers to short-term speculative buying and selling of coins within one day.
ETH
The abbreviation for Ether, a unique piece of code for paying for the computational resources for running an application or program of Ethereum.
Fiat
Fiat money is issued by governments as legal tender without intrinsic value. For that reason, its value originates in the relationship between supply and demand. Example for fiat currencies are the US Dollar, Yen, Euro, British Pounds,…
FOMO
FOMO is an acronoym for the “fear of missing out”. It is a type of social fear or worry to miss out on a social interaction, an unusual experience or another event that may result in gratification. In the cryptocurrency world, it is the fear of missing out on the profits if you don’t buy a coin that is rapidly rising in price.
Fork
The modification of the source code of an existing blockchain result in a new blockchain. The new blockchain forms a path off the existing blockchain. Cryptocurrencies and their blockchains are “open source” and develop on an ongoing basis. Consequently, the source codes need to be modified from time to time. However, if the miners of a blockchain do not reach consensus on modification, two different blockchains result. More information on this term can be found here.
FUD
The acronym “FUD” is short for “fear, uncertainty and doubt”. It is an unfair strategy by investors, mostly through media, to make another currency appear flawed and inferior in order to promote the currency they are invested in.
Stay tuned in for the fourth part of PURA 101 for more terminology coming up soon.
https://pura.one/pura-cryptocurrency-basics-terminology/
by JU | Feb 21, 2018 | Pura Coin | 0 comments
PURA 101 – Cryptocurrency Basics Part 3
From DAO over ETH to FUD…
….exploring cryptocurrency terminology
PURA Vida everyone! Back to our ABCs where our last entry was the letter C as in cold storage. For those of you just tuning in now, PURA 101 is a series on terminology of cryptocurrencies and blockchain technology. Read here for the first part of the series. The PURA team wants to ensure that find as much information as possible here in our PURA blog. Feel free to contact us if you want to find out more on a certain term. We will try to include your questions in an upcoming article.
So let’s start this session with a very important PURA term:
D as in DAO
The letters DAO stand for “Decentralized Autonomous Organization”. The main difference between a DAO and a traditional hierarchical organizational model is that a decision requires consensus of all stakeholders. DAO is an organizational structure that is based on rules put into code in smart contracts. These smart contracts involve a variety of tasks, such as distributing funds on a certain date. Or when a certain percentage of voters agree to fund a project. Read more here for a great visualization of DAOs.
Concurrently, PURA believes that the political empowerment of masternode operators with a democratic vote on the spending of treasury funds will bring a social breakthrough. Activities of DAOS involve governance around network issues, and treasury decisions around proposals that relate to development of the network, software layers, functionality and various marketing activities. Correspondingly, find the current version of the PURA Whitepaper here for more details.
Daytrading
In the world of cryptocurrency, this term refers to short-term speculative buying and selling of coins within one day.
ETH
The abbreviation for Ether, a unique piece of code for paying for the computational resources for running an application or program of Ethereum.
Fiat
Fiat money is issued by governments as legal tender without intrinsic value. For that reason, its value originates in the relationship between supply and demand. Example for fiat currencies are the US Dollar, Yen, Euro, British Pounds,…
FOMO
FOMO is an acronoym for the “fear of missing out”. It is a type of social fear or worry to miss out on a social interaction, an unusual experience or another event that may result in gratification. In the cryptocurrency world, it is the fear of missing out on the profits if you don’t buy a coin that is rapidly rising in price.
Fork
The modification of the source code of an existing blockchain result in a new blockchain. The new blockchain forms a path off the existing blockchain. Cryptocurrencies and their blockchains are “open source” and develop on an ongoing basis. Consequently, the source codes need to be modified from time to time. However, if the miners of a blockchain do not reach consensus on modification, two different blockchains result. More information on this term can be found here.
FUD
The acronym “FUD” is short for “fear, uncertainty and doubt”. It is an unfair strategy by investors, mostly through media, to make another currency appear flawed and inferior in order to promote the currency they are invested in.
Stay tuned in for the fourth part of PURA 101 for more terminology coming up soon.
https://pura.one/pura-cryptocurrency-basics-terminology/
February 16, 2018, 06:28:24 AM
avx93124 (aditim):
cryptocurrency
by JU | Feb 16, 2018 | Pura Coin | 0 comments
PURA news featured on NASDAQ and Yahoo FinanceOutstanding community support is paving the way
Thanks to the great support of the PURA Community, PURA is getting increasing exposure worldwide. Efforts to become a stable payment coin are well under way. With the upcoming release of PURA Aurora, PURA is receiving acclaim by international media. Find out more in these articles on NASDAQ and on Yahoo Finance.
PURA is the world’s first socially and environmentally conscious cryptocurrency that is programmed by protocol design to contribute up to 10% of its mining rewards to the common good.
PURA allows you to interact worldwide privately, directly and instantly with fast transaction times. PURA is based on an advanced and successful cryptocurrency protocol with built-in mass adoption strategies. Correspondingly, the coin’s objective is to achieve mass acceptance by the mainstream. PURA wants to provide an alternative to centrally organized social contribution. The number of merchantsaround the world accepting PURA is growing on a daily basis. In order to sustain a high number of coins in circulation, PURA sets proof of ownership for a masternode at 100,000 PURA.
To emphasize, PURA is going to be the first coin to introduce a “Proof of Adoption” protocol. This means one part of the block rewards will go towards rewarding those partners who accept PURA as payment. With this additional network in place, applications of PURA will continue to grow. This concept is completely novel on the market. Therefore, PURA is entirely different from all projects that only aim to satisfy investors. Possible applications for mass adoption form the foundation for all coins that will survive in the long term.
Find out more about starting with PURA and read our PURA Whitepaper. Stay on top of what is going on in the PURA community – simply download Telegram to your desktop and follow the discussion
cryptocurrency
by JU | Feb 16, 2018 | Pura Coin | 0 comments
PURA news featured on NASDAQ and Yahoo FinanceOutstanding community support is paving the way
Thanks to the great support of the PURA Community, PURA is getting increasing exposure worldwide. Efforts to become a stable payment coin are well under way. With the upcoming release of PURA Aurora, PURA is receiving acclaim by international media. Find out more in these articles on NASDAQ and on Yahoo Finance.
PURA is the world’s first socially and environmentally conscious cryptocurrency that is programmed by protocol design to contribute up to 10% of its mining rewards to the common good.
PURA allows you to interact worldwide privately, directly and instantly with fast transaction times. PURA is based on an advanced and successful cryptocurrency protocol with built-in mass adoption strategies. Correspondingly, the coin’s objective is to achieve mass acceptance by the mainstream. PURA wants to provide an alternative to centrally organized social contribution. The number of merchantsaround the world accepting PURA is growing on a daily basis. In order to sustain a high number of coins in circulation, PURA sets proof of ownership for a masternode at 100,000 PURA.
To emphasize, PURA is going to be the first coin to introduce a “Proof of Adoption” protocol. This means one part of the block rewards will go towards rewarding those partners who accept PURA as payment. With this additional network in place, applications of PURA will continue to grow. This concept is completely novel on the market. Therefore, PURA is entirely different from all projects that only aim to satisfy investors. Possible applications for mass adoption form the foundation for all coins that will survive in the long term.
Find out more about starting with PURA and read our PURA Whitepaper. Stay on top of what is going on in the PURA community – simply download Telegram to your desktop and follow the discussion
February 16, 2018, 12:50:41 AM
#EraOfTheBankBranchesAllAroundIsOver
Why?
#ConsumersAreEmbrasingCashlessSociety (forced by banks)
Solution?
#CryptoCurrenciesWillDoJusticeToConsumers
#PURA #MassAdoption ❤️
Graphics shows us more than 400 branches closed by commercial banks in #Thailand the past 2 years...in preparation for a new era.
Graphics shows #Sweden as a top ranked cashless society and #Thailand & #Asia as transitioning/inception countries on the move towards cashless.
Banks are adapting to the new era, which Thai bank has closed the most branches? Kasikorn Bank (see below)
Historically, the bank had to race and open branches to reach people all over the country. Today, banks want to reduce the number of branches in an effort to stay current with the consumers increasing .
During the past 5 years, the number of bank branches has continuously been growing to support the welcomed transaction volume from the e-Commerce era. But in just 2 years, the number of branches reduced to prior levels. A hundred branches are like proof of Bill Gates's statement that "banking is necessary - banks are not."
The preparation for a cashless society has begun all around the world and FinTech is preparing for the banking in a new era. Developed countries like #Sweden and #Norway, have already grown into non-cash societies, while other countries like #Thailand are entering a non-cash society too (see graphic below).
When we enter into a full-cashless society, walking into the bank to make bank transactions is no longer necessary. Whether it's rent, employee fee, cash fee, or a utility bill; if the bank brings you any technology solution, then it helps to reduce the cost and actually help make things more convenient.
In 2016, global smartphone accounts grew by 64%, while Thailand had an increase of accounts by more than +50% or about 21 million accounts, making the mobile banking application a "must have."
Now many bank branches, especially the stand-alone ones, are closing down. In 2015-2017, there were 406 branches closed:
a) Kasikorn Bank closed => 95 branches (most)
b) KrungThai Bank closed => 93 branches
c) ThanaChart Bank closed => 36 branches
d) Siam Commercial Bank closed => 48 branches
e) CIMB Bank closed => 36 branches
f) Thai Military Bank closed => 22 branches
...while Bangkok Bank and Bank of Sri Ayutthaya are back from Holiday Season in Europe. Their number of overall branches increased by 30 and 27 branches respectively.
All foreign banks to adapt, too.
Of course, the digital age affects the global banking system, and the giant banks of major economies like Japan, America and England also have closed a great many bank branches as well.
During the past 10 years, U.S. banks have closed more than 7,000 branches. While the bank of England has closed more than 1,000 branches in just 2 years. In Japan, the bank section, reduced both branches and employee salaries.
As the banks around the world push and aim to grow into a cashless society, the rising star of #CryptoCurrency certainly has an easier way into the global financial market with many people having had enough of the abuse from the banks and turning to alternative replacement options.
In my opinion, Crypto Currencies will continue to rise in popularity and as banks work on a cashless society (controlled by banks), they are at the same time educating the consumers on smartphone technology, which will transition everyone into blockchain users of crypto currency wallets and independent financial control (freedom) to the people
Source:
Bank of Thailand [last updated 10 January 2018]
https://brandinside.asia/japan-gov-allow-bank-close-weekday/
https://brandinside.asia/bank-close-branch-us-uk-japan/
https://brandinside.asia/lloyds-shut-100-brunch/
https://www.mangozero.com/the-future-of-mobile-banking-in-thailand-by-kbank/
skype: nguyenanhhoanh
Why?
#ConsumersAreEmbrasingCashlessSociety (forced by banks)
Solution?
#CryptoCurrenciesWillDoJusticeToConsumers
#PURA #MassAdoption ❤️
Graphics shows us more than 400 branches closed by commercial banks in #Thailand the past 2 years...in preparation for a new era.
Graphics shows #Sweden as a top ranked cashless society and #Thailand & #Asia as transitioning/inception countries on the move towards cashless.
Banks are adapting to the new era, which Thai bank has closed the most branches? Kasikorn Bank (see below)
Historically, the bank had to race and open branches to reach people all over the country. Today, banks want to reduce the number of branches in an effort to stay current with the consumers increasing .
During the past 5 years, the number of bank branches has continuously been growing to support the welcomed transaction volume from the e-Commerce era. But in just 2 years, the number of branches reduced to prior levels. A hundred branches are like proof of Bill Gates's statement that "banking is necessary - banks are not."
The preparation for a cashless society has begun all around the world and FinTech is preparing for the banking in a new era. Developed countries like #Sweden and #Norway, have already grown into non-cash societies, while other countries like #Thailand are entering a non-cash society too (see graphic below).
When we enter into a full-cashless society, walking into the bank to make bank transactions is no longer necessary. Whether it's rent, employee fee, cash fee, or a utility bill; if the bank brings you any technology solution, then it helps to reduce the cost and actually help make things more convenient.
In 2016, global smartphone accounts grew by 64%, while Thailand had an increase of accounts by more than +50% or about 21 million accounts, making the mobile banking application a "must have."
Now many bank branches, especially the stand-alone ones, are closing down. In 2015-2017, there were 406 branches closed:
a) Kasikorn Bank closed => 95 branches (most)
b) KrungThai Bank closed => 93 branches
c) ThanaChart Bank closed => 36 branches
d) Siam Commercial Bank closed => 48 branches
e) CIMB Bank closed => 36 branches
f) Thai Military Bank closed => 22 branches
...while Bangkok Bank and Bank of Sri Ayutthaya are back from Holiday Season in Europe. Their number of overall branches increased by 30 and 27 branches respectively.
All foreign banks to adapt, too.
Of course, the digital age affects the global banking system, and the giant banks of major economies like Japan, America and England also have closed a great many bank branches as well.
During the past 10 years, U.S. banks have closed more than 7,000 branches. While the bank of England has closed more than 1,000 branches in just 2 years. In Japan, the bank section, reduced both branches and employee salaries.
As the banks around the world push and aim to grow into a cashless society, the rising star of #CryptoCurrency certainly has an easier way into the global financial market with many people having had enough of the abuse from the banks and turning to alternative replacement options.
In my opinion, Crypto Currencies will continue to rise in popularity and as banks work on a cashless society (controlled by banks), they are at the same time educating the consumers on smartphone technology, which will transition everyone into blockchain users of crypto currency wallets and independent financial control (freedom) to the people
Source:
Bank of Thailand [last updated 10 January 2018]
https://brandinside.asia/japan-gov-allow-bank-close-weekday/
https://brandinside.asia/bank-close-branch-us-uk-japan/
https://brandinside.asia/lloyds-shut-100-brunch/
https://www.mangozero.com/the-future-of-mobile-banking-in-thailand-by-kbank/
skype: nguyenanhhoanh
February 15, 2018, 11:12:20 AM
#PURA Community
...on behalf of the PURA Dev. team we want to thank you!
You did a really great job yesterday! Our number of Telegram members nearly tripled (3x) in the last 24 hours! Thank you for your contribution!
Here is the link of an article about #Pura on #Nasdaq and #Yahoo:
https://www.nasdaq.com/press-release/pura-cryptocurrency-examines-the-future-prospects-of-digital-money-20180207-01705
https://finance.yahoo.com/news/pura-cryptocurrency-examines-future-prospects-015500153.html
#PURA is starting to make some noise on the market!
Moreover, PURA staff agreed to become the major currency provider for 2 major exporting companies out of Costa Rica!
Stay tuned for more major announcement(s)!!
Please share and invite as many as possible into Telegram:
�>>> https://t.me/puraofficial
...on behalf of the PURA Dev. team we want to thank you!
You did a really great job yesterday! Our number of Telegram members nearly tripled (3x) in the last 24 hours! Thank you for your contribution!
Here is the link of an article about #Pura on #Nasdaq and #Yahoo:
https://www.nasdaq.com/press-release/pura-cryptocurrency-examines-the-future-prospects-of-digital-money-20180207-01705
https://finance.yahoo.com/news/pura-cryptocurrency-examines-future-prospects-015500153.html
#PURA is starting to make some noise on the market!
Moreover, PURA staff agreed to become the major currency provider for 2 major exporting companies out of Costa Rica!
Stay tuned for more major announcement(s)!!
Please share and invite as many as possible into Telegram:
�>>> https://t.me/puraofficial <<<
...on behalf of the PURA Dev. team we want to thank you!
You did a really great job yesterday! Our number of Telegram members nearly tripled (3x) in the last 24 hours! Thank you for your contribution!
Here is the link of an article about #Pura on #Nasdaq and #Yahoo:
https://www.nasdaq.com/press-release/pura-cryptocurrency-examines-the-future-prospects-of-digital-money-20180207-01705
https://finance.yahoo.com/news/pura-cryptocurrency-examines-future-prospects-015500153.html
#PURA is starting to make some noise on the market!
Moreover, PURA staff agreed to become the major currency provider for 2 major exporting companies out of Costa Rica!
Stay tuned for more major announcement(s)!!
Please share and invite as many as possible into Telegram:
�>>> https://t.me/puraofficial
...on behalf of the PURA Dev. team we want to thank you!
You did a really great job yesterday! Our number of Telegram members nearly tripled (3x) in the last 24 hours! Thank you for your contribution!
Here is the link of an article about #Pura on #Nasdaq and #Yahoo:
https://www.nasdaq.com/press-release/pura-cryptocurrency-examines-the-future-prospects-of-digital-money-20180207-01705
https://finance.yahoo.com/news/pura-cryptocurrency-examines-future-prospects-015500153.html
#PURA is starting to make some noise on the market!
Moreover, PURA staff agreed to become the major currency provider for 2 major exporting companies out of Costa Rica!
Stay tuned for more major announcement(s)!!
Please share and invite as many as possible into Telegram:
�>>> https://t.me/puraofficial <<<
February 15, 2018, 08:10:32 AM
Partnership with OpenLedger (February 14)
https://coindar.org/en/event/pura-pura-partnership-with-openledger-3854
https://coindar.org/en/event/pura-pura-partnership-with-openledger-3854
February 14, 2018, 12:26:28 AM
PURA’s new partner – the ecosystems behind OpenLedger
https://openledger.io
OpenLedger DEX
On Galaxies, Ecosystems and Graphene
After PURA trading began on OpenLedger yesterday, we promised you more information on this unique and innovative trading platform. OpenLedger is much more than just a cryptocurrency exchange – their services are a collection of “ecosystems” referred to as OpenLedger DC (Decentralized Conglomerate). OpenLedger regards their ecosystems as similar to a collection of solar systems in a galaxy. Hence the beautiful visual on their website.
OpenLedger DEX, the cryptocurrency exchange, constitutes the center of the galaxy. Other OpenLedger ecosystems, such as OBITS and ICOO, revolve around the platform. All ecosystems run on the BitShares platform and run on Graphene.
OpenLedger is very active in the development and establishment of the BitShares blockchain. In line with this, the team is working on “Blockchain as a Service” (BaaS) solutions, offering customers a way to test technological developments through cloud services before choosing to employ them in-house. Graphene is an open-source blockchain implementation with a modular design, making it adaptable to many different uses.
At the hub is OpenLedger DEX, a decentralized exchange for trading in all capacities and for all experience levels. PURA trading on OpenLedger started yesterday. Deposits and withdrawal of both cryptocurrencies and traditional fiat funds (government-issued currencies such as USD and EUR) are available.
OBITS are the official share tokens of the OpenLedger DC for earning profits from the organization, highly similar to ordinary shareholding in a traditional company. HubDSP is OpenLedger’s advertising platform to enable optimal targeting of end-users at the lowest possible cost. Other ecosystems are OpenLedger’s crowdfuding solutions and token sales.
PURA is very proud to be listed on a decentralized exchange such as OpenLedger, a state-of-the-art player in the fintech industry. We are certain that the vast range of innovative blockchain solutions for private investors and businesses will change the landscape of cryptocurrencies.
This is a PURA community group, please link right now for great info
https://t.me/puraofficial
https://openledger.io
OpenLedger DEX
On Galaxies, Ecosystems and Graphene
After PURA trading began on OpenLedger yesterday, we promised you more information on this unique and innovative trading platform. OpenLedger is much more than just a cryptocurrency exchange – their services are a collection of “ecosystems” referred to as OpenLedger DC (Decentralized Conglomerate). OpenLedger regards their ecosystems as similar to a collection of solar systems in a galaxy. Hence the beautiful visual on their website.
OpenLedger DEX, the cryptocurrency exchange, constitutes the center of the galaxy. Other OpenLedger ecosystems, such as OBITS and ICOO, revolve around the platform. All ecosystems run on the BitShares platform and run on Graphene.
OpenLedger is very active in the development and establishment of the BitShares blockchain. In line with this, the team is working on “Blockchain as a Service” (BaaS) solutions, offering customers a way to test technological developments through cloud services before choosing to employ them in-house. Graphene is an open-source blockchain implementation with a modular design, making it adaptable to many different uses.
At the hub is OpenLedger DEX, a decentralized exchange for trading in all capacities and for all experience levels. PURA trading on OpenLedger started yesterday. Deposits and withdrawal of both cryptocurrencies and traditional fiat funds (government-issued currencies such as USD and EUR) are available.
OBITS are the official share tokens of the OpenLedger DC for earning profits from the organization, highly similar to ordinary shareholding in a traditional company. HubDSP is OpenLedger’s advertising platform to enable optimal targeting of end-users at the lowest possible cost. Other ecosystems are OpenLedger’s crowdfuding solutions and token sales.
PURA is very proud to be listed on a decentralized exchange such as OpenLedger, a state-of-the-art player in the fintech industry. We are certain that the vast range of innovative blockchain solutions for private investors and businesses will change the landscape of cryptocurrencies.
This is a PURA community group, please link right now for great info
https://t.me/puraofficial
February 13, 2018, 02:26:04 PM
this coin is a scam!
its developers are scammers!
conducted an illegal coin swap icash.
stay away from this coin!
icash forever!
pura scam!
its developers are scammers!
conducted an illegal coin swap icash.
stay away from this coin!
icash forever!
pura scam!
February 12, 2018, 05:47:12 PM
Listing on OpenLedger (February 12)
https://coindar.org/en/event/pura-pura-listing-on-openledger-3585
https://coindar.org/en/event/pura-pura-listing-on-openledger-3585
February 12, 2018, 06:46:36 AM
PURA list on OpenLedger !
https://twitter.com/PuraSocial/status/962997079672016896
Congratulation !
Wish you very happy trading !
https://twitter.com/PuraSocial/status/962997079672016896
Congratulation !
Wish you very happy trading !
yaapp, its Good..
February 12, 2018, 05:30:32 AM
PURA list on OpenLedger !
https://twitter.com/PuraSocial/status/962997079672016896
Congratulation !
Wish you very happy trading !
https://twitter.com/PuraSocial/status/962997079672016896
Congratulation !
Wish you very happy trading !
February 10, 2018, 11:44:33 PM
PURA +PURA IS FINISHING THE LAST STEPS TO BUY BLOCKCHAIN TECHNOLOGY
1. Amazon.com
Amazon’s is the most monopolistic and well positioned marketplace the Western world has ever seen. Last year they did $136B in revenue with double digit growth every year.
2017 estimates show a staggering 44% of US ecommerce occurred on Amazon.com (Source: Recode). And Amazon has been growing at least 13% YoY (year-over-year) for each of the last 5 years. It isn’t just a monopoly, it is accelerating.
But there is another layer to unpack — Amazon Basics, where Amazon analyzes 3rd party seller data and copies the best performing products.
Ultimately Amazon wants to replace ALL 3rd party sellers/products with Amazon Basics versions. Amazon wants to (and will) own the customer, and every ounce of margin that comes with it.
Marketplaces die when the creator becomes the competitor.
2. Amazon Web Services (AWS)
(NOTE: I think Amazon should spinout AWS before regulators start antitrust actions)
Amazon built AWS for their marketplace. They needed the ability to host images and information for Amazon.com and Bezos being Bezos, built the product in a modular fashion.
As AWS grew, Amazon constantly cut prices to crush competition, making AWS the easy choice.
“Your margin is my opportunity.” — Jeff Bezos
Today ~42% of the web is powered by AWS. That is more than double Microsoft, Google and IBM (combined). Yet given the easy to use system and affordable pricing, it makes sense.
And growth isn’t slowing, quite the opposite actually. AWS accounts for 10% of Amazon’s overall revenue, with $4.6B in Q3 of 2017 (up 42% over last year) and $1.2B in profit (up 36% over last year).
Source: GeekWire
Amazon owns the infrastructure the majority of the internet is built on, can decentralization change that?
How blockchain beats Amazon
I have my money on Amazon. They are the best positioned of the tech giants to own the future.
That said, blockchain can create challenges for Bezos’ beast, it depends how it is implemented, incentivized and evolves.
1. Ecommerce
While Amazon owns ecommerce today, there are many projects focused on building decentralized marketplaces.
Most miss the point though. The issue isn’t Amazon’s ~15%+ transaction fee, that is par for the course and the cost of doing business. And besides, consumers could care less how much sellers pay in fees, it doesn’t affect them.
(Plus 10% is a fraction of the 5–10x improvement needed to switch — it wouldn’t be meaningful enough for sellers to abandon Amazon entirely).
Yes, sellers care about fees, but what is more important is control. As referenced previously, Amazon sellers (like myself previously — more on my backstory here) play on Amazon’s playground.
You never knew if/when you will be uninvited — or Amazon could copy your product (Amazon Basics) and cut you out.
This creates a constant fear of suspension. If 80%+ of your business is on Amazon, what happens if you lose access?
A decentralized marketplace NEEDS to be built first and foremost by sellers. That is doable in my opinion.
Most sellers would do ANYTHING to control their company’s destiny. If that means promoting a blockchain based ecommerce platform (BBEP), you can bet your ass they would — even without tokenized incentives. Adding incentives further accelerates adoption among sellers.
But buyers is another story. Here tokenized “discounts” or “bonuses” could be used to lure buyers to the platform.
The challenge is that most sellers cannot easily access their customer base on Amazon. And to contact them and try to bring them off-Amazon can result in suspension.
Plus sellers wouldn’t want to send their own customers (ie from their standalone site or email list) to an unproven, competitive marketplace, unless it was as an affiliate for other products.
Here an Amazon Affiliates type program would be necessary (ie: I sell X and recommend Y related products to past customers on the BBEP, earning tokens for each signup/sale).
This could also be employed for heavily incentivized buyer-to-buyer and publisher-to-buyer referral programs to get customers “in-the-door.” If sufficient supply and trust was built, the platform would start to take off, with crypto-economics driving adoption. If the user experience is inferior however, this would take a lot of time.
Plus consider the options. If Amazon has 100x the product selection, why would consumers use a BBEP? You need better prices or a huge token incentivizes initially — or today’s massive “speculative-esque” belief in the business and team to drive token appreciation.
2. File storage & web services
To be honest, decentralized file storage seems like overkill for many applications. With dirt cheap cheap AWS/S3 file storage, you need a compelling case to justify relatively unproven blockchain based web services (BBWS).
Even the CIA (and 2000 other US government organizations) prefer AWS to their own systems — the security is superior and the price is unbeatable.
Currently the only use case that seems valuable is decentralized file storage for other decentralized apps and protocols. When full decentralization is necessary (or wanted), it makes sense to use a service like Sia or Storj.
But even then, it will take time to scale the eco-system, ie primary customer base. Without enough dApp traction, who will blockchain based storage systems (BBSS) serve? This creates a bit of a chicken-egg scenario…
Storj claims a fully decentralized storage system where users are able to buy/rent harddrive space autonomously will make that storages cost 10–100x cheaper than centralized solutions.
I am a bit skeptical. To store 1T of data on Storj today costs $15/mo plus additional bandwidth fees (for downloads). Google Drive is a flat $10 for that same Terrabyte (plus comes with all the additional functionality of Google Docs etc…)
Compared to AWS S3, Storj does better. While AWS/S3 is $0.023/GB/mo, Storj is only $0.015/GB/mo. But that is only a 34% improvement, well shy of the 5–10x improvement typically needed to switch products/service providers.
That said, some of the top VCs like Union Square Ventures, Sequoia Capital and Andressen Horowitz all invested in Filecoin so maybe I am totally wrong here.
A BBSS is the simplest blockchain model to understand. Users are easily incentivized to provide storage space and customers/enterprises can save a little money on storage.
But usually when an opportunity is obvious, it isn’t a great opportunity and becomes pretty competitive, so only time will tell…
Facebook
As of June 2017, Facebook hit an unprecedented 2B MAUs (monthly active users). That is nearly ⅓ of the population.
While there are several divisions within Facebook (thanks to a few successful acquisitions), Facebook is at its core a social media and communications company. We will focus on Facebook.com, Instagram and Whatsapp/Facebook Messenger as these are their three primary businesses and those most ripe for blockchain disruption.
(For a deeper dive into Facebook and the future of the company, see this longform breakdown and analysis)
The Big 4 - Part 3: The Future of Facebook - Zuckerberg's Friends with Benefits
We are entering an era of unparalleled tech dominance where companies like Google, Amazon, Facebook and Apple control…
medium.com
1. Facebook.com
Facebook has over 2B monthly active users — yet despite the massive market penetration, they are still growing 16% year-over-year. How is that possible?
Source: TechCrunch
This is due in large part to the brilliant leadership of Mark Zuckerberg where Facebook bet the farm on mobile — it worked. They were able to go from ~135M MAUs (mobile only) in early-mid 2012 to over 1.15B in Q4 of 2016.
The lionshare of growth has been mobile advertising — with mobile now accounting for 86% of their revenue — better than ANYONE expected.
Today digital advertising is a duopoly, with Google and Facebook attracting between 57–84% of global digital (outside of China) depending on source.(Source — FT.com, Recode).
Scarier still is the fact that the duopoly is taking >99% of new growth is digital ad spend (as of Q3 2016).
Source: Fortune
2. Instagram
Facebook acquired Instagram in 2012 for a $1B for a pre-revenue company with 30M users (formed only 2 years prior).
After waiting 3 years to monetize (to focus on growth), Instagram turned on ads and became a cash cow.
And with 100M new MAUs every 6 months, Instagram is exploding in popularity. Copying Snapchat Stories certainly helped (which Zuck was 100% happy to rip — pixel by pixel).
NOTE: Snap’s stock has dropped 50% since the ill timed (controversial and greedy) IPO.
Plus Instagram addresses a different market (millennials) and use case than the Facebook— building their advertising base even larger.
Source: eMarketer
3. Whatsapp and Facebook Messenger
NOTE: I refuse to consider Facebook messenger a messaging app as it is just the messaging feature of Facebook — thus messages from Facebook come through and grossly distort the usage numbers. Either way Whatsapp and Facebook Messenger are the two largest “messaging apps” worldwide.
Facebook bought Whatsapp in February of 2014 for a whopping $19B, which again seemed absurd.
But Facebook’s business has ALWAYS been built around attention, eyeballs and waiting to monetize. And if Instagram is any indication, they know what they are doing.
Stern Agee, the financial services company estimates Whatsapp could be generating close to $5B in revenue with over 2.3B users by 2023. I would go bigger.
Due to Whatsapp’s more private, intimate nature, it creates growth opportunities that an outward facing site like Facebook and to some extent Instagram cannot match. Essentially even if/as people become more reserved about social media, sharing and controlling their data, Whatsapp can still win — rigging the game in Facebook’s favor.
How blockchain beats Facebook
Of all the Big Four, blockchain poses the largest threat to Facebook. Facebook’s business is built upon attention, advertising and collecting user data.
A network out of Harvard originally built for college hookups is now worth $524B — and users never saw a dime. They see quite a few ads though.
1. Facebook.com
A decentralized version of Facebook seems obvious at this point. In a social ecosystem without a centralized party, algorithms can be optimized for user happiness, rather than engagement.
The biggest problem with Facebook (and Google) is that they are advertising based businesses. Facebook makes their money on impressions, making it more and more user hostile over time to drive ad revenues.
From a purely economic standpoint, this means Zuck wants users on Facebook as close to 24 hrs a day as humanly possible. Obviously this isn’t sustainable, and studies show social media usage (especially Facebook) have a net negative impacts on happiness. In the long term this is not sustainable for Facebook — the more you use Facebook, the worse you feel.
Russian election hacking and Jew hate based targeting aside, Facebook could have a serious problem on its hands if more and more users start to churn — which appears to be the case.
Why else would Facebook be actively trying to reduce user addiction?
Enter a blockchain based competitor…
The token incentive structure should be pretty straightforward. Like Airbnb’s refer a friend and you both get $10 credit, a blockchain based social network (BBSN) could rewards users with BBSN tokens for referrals, creating popular content, posting daily etc…
Tokens could represent virtual economies in the network (buying/selling stickers, access to certain bonuses, or even upvote/downvote micro payments) or they could be positioned as advertising prerequisites, where users could “sell” their attention or engagement to advertisers.
It seems highly likely a BBSN will pop up to compete with Facebook. The question is, will tokenized incentives be enough to overcome Facebook’s enormous network effect? I believe yes, but think it will take at least ½ a generation.
2. Instagram
Same as above, plus with the added bonus of influencers. Because Instagram is more focused on one-to-many communication, users that build followings could sell access tokens to advertisers looking to promote products in a more transparent and simple fashion.
Although outside of the target market here, I would give a blockchain based social photo site (BBSPS) a decent chance at gaining significant traction
3. Whatsapp
The odds of a blockchain based messaging app (BBMA) taking off are pretty slim. There are so many messaging apps, why build a blockchain based one? Most messaging apps are encrypted anyways so the trust and security level is relatively high.
The big challenge however is scale. As of July 2017, there were over 55B Whatsapp messages sent every day (Source — AndroidPolice).
Crypto kitties crashed Ethereum’s network, and that was only a few hundred thousand “transactions”.
But cryptocurrencies built on a centralized service is a different story.
The popular messaging app Kik just completed a successful ICO, raising $98M to build a “KIN” currency into their app. With 300M users as of May 2016, it is no surprise that Kik had to quickly switch off ethereum’s net to handle their volume.
Rumors are circulating that Facebook may be looking to (or starting to) implement Litecoin for p2p payments. This would be a landmark moment not just for Facebook but for cryptocurrency — bringing decentralized, non-governmental payments to the masses.
If this is the case, Facebook could set itself up as the dominant p2p payment system. Here is why.
The banking and financial services infrastructure is old, outdated and expensive. Even newer, leaner companies like Paypal charge $0.30 + 2.9% on every transaction they process. And Venmo is in the process of starting to charge as well.
And while these may seem tiny, especially compared to traditional banking, cryptocurrencies unlock a totally new dimension of money — one that approach 0% fees with no middlemen or hoops to jump through.
As we have seen, the peer-to-peer payments market is exploding, forecasted to reach $86B in 2018 in the US alone. And with global mobile payments expected to exceed $930B, this opportunity dwarfs the digital advertising space.
If Facebook goes big on implementing either an established cryptocurrency or creating FBcoin, they could own the messaging and p2p payments spaces.
Apple
Apple is the most valuable company and arguably the most beloved brand worldwide.
It is also a money printing machine to the tune of $215B in 2016. And that was a down year…
(Here’s the full scoop on Apple. Enjoy)
The Big 4 - Part 4: The Future of Apple - ThinkGrowth.org
As expected the iPhone, iPad and Mac make up the majority of the revenue. But with growth in services and several new…
medium.com
The iPhone and iOS
The iPhone makes up the lionshare of Apple’s revenue, 69.4% of (Q1 2017).
And if we are being honest, the iPhone is the connection with consumers — the driver of iTunes, the App Store, AirPods, accessories… pretty much the whole shabang.
This creates potential potential problems going forward…
How blockchain beats Apple
Of all the tech giants, Apple is the least threatened by blockchain because ~80% of revenue comes from hardware.
That said, there could be issues with decentralized apps and token economies inside Apple’s closed ecosystem. The largest implications center around iOS and the App Store.
iOS + the App Store
Apple is the antithesis of decentralization. A future of dApps built on a decentralized blockchain could create a nightmare scenario for Apple.
The most obvious issue is monetization. How could Apple justify charging users to download freely distributed, open-source apps?
I don’t see that ending well. And the App Store is incredibly valuable for Apple, bringing in $8.6B per year.
It has also given iOS a big leg up on Android, bringing in 75% more revenue than Google Play despite difference in downloads.
Source: MacRumors
But in a blockchain based future that revenue probably goes away.
More importantly however, Apple isn’t friendly with outsiders — they love control. In an open-source world, would Apple become more developer and user-friendly? I do not know.
Given the fact that Apple slows down your old iPhone when they launch a new one seems to indicate they are milking the smartphone craze for all it is worth.
Consumer Hardware’s a Horrible Business Model, So Apple Slows Down Your iPhone
Hardware is hard. Consumer hardware is worse - so Apple screws customers to force upgrades, surprise surprise. Here’s…
thinkgrowth.org
And up until recently, consumers were also lied to concerning the “upgradeability” of iPhone parts. No one knew iPhone batteries were interchangeable…
I cannot see a company so focused on secrecy adapting well to blockchain based applications and transparency. That said, Apple has better security than their Android counterparts which will be increasingly important as consumers store cryptographic assets directly on their mobile devices.
If Apple adapts, this could be a big win. If not, it could accelerate their undoing — especially because ALMOST everything depends on the iPhone ecosystem.
Closing thoughts
Blockchain technology is creating an interesting and ever changing world. While we have seen hundreds of ICOs promising everything under the sun, little has actually been accomplished or implemented to date. And though I am bullish on blockchain in the long run, I believe we are headed for a coming crypto winter where teams build, markets (and market caps) crash and only the strong survive.
Thinning the herd will benefit the community, forging stronger teams and bonds among blockchain devs and the ecosystem at large.
The big questions to be answered are timeline and scale. Crypto enthusiasts claim Bitcoin and blockchain are the best thing since sliced bread, but actions speak louder than words.
What are your thoughts? Which tech companies are you betting on and where do you see dApps, tokenization and blockchain based tech taking over the world?
Would love to hear predictions and educated guesses in the comments section below.
Which areas of the economy will be most impacted in the coming 5 years? 10 years?
Before you go…
If you got something actionable or valuable from this post, click 👏 button below or share the article on Facebook and Twitter so your friends can benefit from it too.
Hold down the clap button if you liked the content! It helps me gain exposure .
1. Amazon.com
Amazon’s is the most monopolistic and well positioned marketplace the Western world has ever seen. Last year they did $136B in revenue with double digit growth every year.
2017 estimates show a staggering 44% of US ecommerce occurred on Amazon.com (Source: Recode). And Amazon has been growing at least 13% YoY (year-over-year) for each of the last 5 years. It isn’t just a monopoly, it is accelerating.
But there is another layer to unpack — Amazon Basics, where Amazon analyzes 3rd party seller data and copies the best performing products.
Ultimately Amazon wants to replace ALL 3rd party sellers/products with Amazon Basics versions. Amazon wants to (and will) own the customer, and every ounce of margin that comes with it.
Marketplaces die when the creator becomes the competitor.
2. Amazon Web Services (AWS)
(NOTE: I think Amazon should spinout AWS before regulators start antitrust actions)
Amazon built AWS for their marketplace. They needed the ability to host images and information for Amazon.com and Bezos being Bezos, built the product in a modular fashion.
As AWS grew, Amazon constantly cut prices to crush competition, making AWS the easy choice.
“Your margin is my opportunity.” — Jeff Bezos
Today ~42% of the web is powered by AWS. That is more than double Microsoft, Google and IBM (combined). Yet given the easy to use system and affordable pricing, it makes sense.
And growth isn’t slowing, quite the opposite actually. AWS accounts for 10% of Amazon’s overall revenue, with $4.6B in Q3 of 2017 (up 42% over last year) and $1.2B in profit (up 36% over last year).
Source: GeekWire
Amazon owns the infrastructure the majority of the internet is built on, can decentralization change that?
How blockchain beats Amazon
I have my money on Amazon. They are the best positioned of the tech giants to own the future.
That said, blockchain can create challenges for Bezos’ beast, it depends how it is implemented, incentivized and evolves.
1. Ecommerce
While Amazon owns ecommerce today, there are many projects focused on building decentralized marketplaces.
Most miss the point though. The issue isn’t Amazon’s ~15%+ transaction fee, that is par for the course and the cost of doing business. And besides, consumers could care less how much sellers pay in fees, it doesn’t affect them.
(Plus 10% is a fraction of the 5–10x improvement needed to switch — it wouldn’t be meaningful enough for sellers to abandon Amazon entirely).
Yes, sellers care about fees, but what is more important is control. As referenced previously, Amazon sellers (like myself previously — more on my backstory here) play on Amazon’s playground.
You never knew if/when you will be uninvited — or Amazon could copy your product (Amazon Basics) and cut you out.
This creates a constant fear of suspension. If 80%+ of your business is on Amazon, what happens if you lose access?
A decentralized marketplace NEEDS to be built first and foremost by sellers. That is doable in my opinion.
Most sellers would do ANYTHING to control their company’s destiny. If that means promoting a blockchain based ecommerce platform (BBEP), you can bet your ass they would — even without tokenized incentives. Adding incentives further accelerates adoption among sellers.
But buyers is another story. Here tokenized “discounts” or “bonuses” could be used to lure buyers to the platform.
The challenge is that most sellers cannot easily access their customer base on Amazon. And to contact them and try to bring them off-Amazon can result in suspension.
Plus sellers wouldn’t want to send their own customers (ie from their standalone site or email list) to an unproven, competitive marketplace, unless it was as an affiliate for other products.
Here an Amazon Affiliates type program would be necessary (ie: I sell X and recommend Y related products to past customers on the BBEP, earning tokens for each signup/sale).
This could also be employed for heavily incentivized buyer-to-buyer and publisher-to-buyer referral programs to get customers “in-the-door.” If sufficient supply and trust was built, the platform would start to take off, with crypto-economics driving adoption. If the user experience is inferior however, this would take a lot of time.
Plus consider the options. If Amazon has 100x the product selection, why would consumers use a BBEP? You need better prices or a huge token incentivizes initially — or today’s massive “speculative-esque” belief in the business and team to drive token appreciation.
2. File storage & web services
To be honest, decentralized file storage seems like overkill for many applications. With dirt cheap cheap AWS/S3 file storage, you need a compelling case to justify relatively unproven blockchain based web services (BBWS).
Even the CIA (and 2000 other US government organizations) prefer AWS to their own systems — the security is superior and the price is unbeatable.
Currently the only use case that seems valuable is decentralized file storage for other decentralized apps and protocols. When full decentralization is necessary (or wanted), it makes sense to use a service like Sia or Storj.
But even then, it will take time to scale the eco-system, ie primary customer base. Without enough dApp traction, who will blockchain based storage systems (BBSS) serve? This creates a bit of a chicken-egg scenario…
Storj claims a fully decentralized storage system where users are able to buy/rent harddrive space autonomously will make that storages cost 10–100x cheaper than centralized solutions.
I am a bit skeptical. To store 1T of data on Storj today costs $15/mo plus additional bandwidth fees (for downloads). Google Drive is a flat $10 for that same Terrabyte (plus comes with all the additional functionality of Google Docs etc…)
Compared to AWS S3, Storj does better. While AWS/S3 is $0.023/GB/mo, Storj is only $0.015/GB/mo. But that is only a 34% improvement, well shy of the 5–10x improvement typically needed to switch products/service providers.
That said, some of the top VCs like Union Square Ventures, Sequoia Capital and Andressen Horowitz all invested in Filecoin so maybe I am totally wrong here.
A BBSS is the simplest blockchain model to understand. Users are easily incentivized to provide storage space and customers/enterprises can save a little money on storage.
But usually when an opportunity is obvious, it isn’t a great opportunity and becomes pretty competitive, so only time will tell…
As of June 2017, Facebook hit an unprecedented 2B MAUs (monthly active users). That is nearly ⅓ of the population.
While there are several divisions within Facebook (thanks to a few successful acquisitions), Facebook is at its core a social media and communications company. We will focus on Facebook.com, Instagram and Whatsapp/Facebook Messenger as these are their three primary businesses and those most ripe for blockchain disruption.
(For a deeper dive into Facebook and the future of the company, see this longform breakdown and analysis)
The Big 4 - Part 3: The Future of Facebook - Zuckerberg's Friends with Benefits
We are entering an era of unparalleled tech dominance where companies like Google, Amazon, Facebook and Apple control…
medium.com
1. Facebook.com
Facebook has over 2B monthly active users — yet despite the massive market penetration, they are still growing 16% year-over-year. How is that possible?
Source: TechCrunch
This is due in large part to the brilliant leadership of Mark Zuckerberg where Facebook bet the farm on mobile — it worked. They were able to go from ~135M MAUs (mobile only) in early-mid 2012 to over 1.15B in Q4 of 2016.
The lionshare of growth has been mobile advertising — with mobile now accounting for 86% of their revenue — better than ANYONE expected.
Today digital advertising is a duopoly, with Google and Facebook attracting between 57–84% of global digital (outside of China) depending on source.(Source — FT.com, Recode).
Scarier still is the fact that the duopoly is taking >99% of new growth is digital ad spend (as of Q3 2016).
Source: Fortune
2. Instagram
Facebook acquired Instagram in 2012 for a $1B for a pre-revenue company with 30M users (formed only 2 years prior).
After waiting 3 years to monetize (to focus on growth), Instagram turned on ads and became a cash cow.
And with 100M new MAUs every 6 months, Instagram is exploding in popularity. Copying Snapchat Stories certainly helped (which Zuck was 100% happy to rip — pixel by pixel).
NOTE: Snap’s stock has dropped 50% since the ill timed (controversial and greedy) IPO.
Plus Instagram addresses a different market (millennials) and use case than the Facebook— building their advertising base even larger.
Source: eMarketer
3. Whatsapp and Facebook Messenger
NOTE: I refuse to consider Facebook messenger a messaging app as it is just the messaging feature of Facebook — thus messages from Facebook come through and grossly distort the usage numbers. Either way Whatsapp and Facebook Messenger are the two largest “messaging apps” worldwide.
Facebook bought Whatsapp in February of 2014 for a whopping $19B, which again seemed absurd.
But Facebook’s business has ALWAYS been built around attention, eyeballs and waiting to monetize. And if Instagram is any indication, they know what they are doing.
Stern Agee, the financial services company estimates Whatsapp could be generating close to $5B in revenue with over 2.3B users by 2023. I would go bigger.
Due to Whatsapp’s more private, intimate nature, it creates growth opportunities that an outward facing site like Facebook and to some extent Instagram cannot match. Essentially even if/as people become more reserved about social media, sharing and controlling their data, Whatsapp can still win — rigging the game in Facebook’s favor.
How blockchain beats Facebook
Of all the Big Four, blockchain poses the largest threat to Facebook. Facebook’s business is built upon attention, advertising and collecting user data.
A network out of Harvard originally built for college hookups is now worth $524B — and users never saw a dime. They see quite a few ads though.
1. Facebook.com
A decentralized version of Facebook seems obvious at this point. In a social ecosystem without a centralized party, algorithms can be optimized for user happiness, rather than engagement.
The biggest problem with Facebook (and Google) is that they are advertising based businesses. Facebook makes their money on impressions, making it more and more user hostile over time to drive ad revenues.
From a purely economic standpoint, this means Zuck wants users on Facebook as close to 24 hrs a day as humanly possible. Obviously this isn’t sustainable, and studies show social media usage (especially Facebook) have a net negative impacts on happiness. In the long term this is not sustainable for Facebook — the more you use Facebook, the worse you feel.
Russian election hacking and Jew hate based targeting aside, Facebook could have a serious problem on its hands if more and more users start to churn — which appears to be the case.
Why else would Facebook be actively trying to reduce user addiction?
Enter a blockchain based competitor…
The token incentive structure should be pretty straightforward. Like Airbnb’s refer a friend and you both get $10 credit, a blockchain based social network (BBSN) could rewards users with BBSN tokens for referrals, creating popular content, posting daily etc…
Tokens could represent virtual economies in the network (buying/selling stickers, access to certain bonuses, or even upvote/downvote micro payments) or they could be positioned as advertising prerequisites, where users could “sell” their attention or engagement to advertisers.
It seems highly likely a BBSN will pop up to compete with Facebook. The question is, will tokenized incentives be enough to overcome Facebook’s enormous network effect? I believe yes, but think it will take at least ½ a generation.
2. Instagram
Same as above, plus with the added bonus of influencers. Because Instagram is more focused on one-to-many communication, users that build followings could sell access tokens to advertisers looking to promote products in a more transparent and simple fashion.
Although outside of the target market here, I would give a blockchain based social photo site (BBSPS) a decent chance at gaining significant traction
3. Whatsapp
The odds of a blockchain based messaging app (BBMA) taking off are pretty slim. There are so many messaging apps, why build a blockchain based one? Most messaging apps are encrypted anyways so the trust and security level is relatively high.
The big challenge however is scale. As of July 2017, there were over 55B Whatsapp messages sent every day (Source — AndroidPolice).
Crypto kitties crashed Ethereum’s network, and that was only a few hundred thousand “transactions”.
But cryptocurrencies built on a centralized service is a different story.
The popular messaging app Kik just completed a successful ICO, raising $98M to build a “KIN” currency into their app. With 300M users as of May 2016, it is no surprise that Kik had to quickly switch off ethereum’s net to handle their volume.
Rumors are circulating that Facebook may be looking to (or starting to) implement Litecoin for p2p payments. This would be a landmark moment not just for Facebook but for cryptocurrency — bringing decentralized, non-governmental payments to the masses.
If this is the case, Facebook could set itself up as the dominant p2p payment system. Here is why.
The banking and financial services infrastructure is old, outdated and expensive. Even newer, leaner companies like Paypal charge $0.30 + 2.9% on every transaction they process. And Venmo is in the process of starting to charge as well.
And while these may seem tiny, especially compared to traditional banking, cryptocurrencies unlock a totally new dimension of money — one that approach 0% fees with no middlemen or hoops to jump through.
As we have seen, the peer-to-peer payments market is exploding, forecasted to reach $86B in 2018 in the US alone. And with global mobile payments expected to exceed $930B, this opportunity dwarfs the digital advertising space.
If Facebook goes big on implementing either an established cryptocurrency or creating FBcoin, they could own the messaging and p2p payments spaces.
Apple
Apple is the most valuable company and arguably the most beloved brand worldwide.
It is also a money printing machine to the tune of $215B in 2016. And that was a down year…
(Here’s the full scoop on Apple. Enjoy)
The Big 4 - Part 4: The Future of Apple - ThinkGrowth.org
As expected the iPhone, iPad and Mac make up the majority of the revenue. But with growth in services and several new…
medium.com
The iPhone and iOS
The iPhone makes up the lionshare of Apple’s revenue, 69.4% of (Q1 2017).
And if we are being honest, the iPhone is the connection with consumers — the driver of iTunes, the App Store, AirPods, accessories… pretty much the whole shabang.
This creates potential potential problems going forward…
How blockchain beats Apple
Of all the tech giants, Apple is the least threatened by blockchain because ~80% of revenue comes from hardware.
That said, there could be issues with decentralized apps and token economies inside Apple’s closed ecosystem. The largest implications center around iOS and the App Store.
iOS + the App Store
Apple is the antithesis of decentralization. A future of dApps built on a decentralized blockchain could create a nightmare scenario for Apple.
The most obvious issue is monetization. How could Apple justify charging users to download freely distributed, open-source apps?
I don’t see that ending well. And the App Store is incredibly valuable for Apple, bringing in $8.6B per year.
It has also given iOS a big leg up on Android, bringing in 75% more revenue than Google Play despite difference in downloads.
Source: MacRumors
But in a blockchain based future that revenue probably goes away.
More importantly however, Apple isn’t friendly with outsiders — they love control. In an open-source world, would Apple become more developer and user-friendly? I do not know.
Given the fact that Apple slows down your old iPhone when they launch a new one seems to indicate they are milking the smartphone craze for all it is worth.
Consumer Hardware’s a Horrible Business Model, So Apple Slows Down Your iPhone
Hardware is hard. Consumer hardware is worse - so Apple screws customers to force upgrades, surprise surprise. Here’s…
thinkgrowth.org
And up until recently, consumers were also lied to concerning the “upgradeability” of iPhone parts. No one knew iPhone batteries were interchangeable…
I cannot see a company so focused on secrecy adapting well to blockchain based applications and transparency. That said, Apple has better security than their Android counterparts which will be increasingly important as consumers store cryptographic assets directly on their mobile devices.
If Apple adapts, this could be a big win. If not, it could accelerate their undoing — especially because ALMOST everything depends on the iPhone ecosystem.
Closing thoughts
Blockchain technology is creating an interesting and ever changing world. While we have seen hundreds of ICOs promising everything under the sun, little has actually been accomplished or implemented to date. And though I am bullish on blockchain in the long run, I believe we are headed for a coming crypto winter where teams build, markets (and market caps) crash and only the strong survive.
Thinning the herd will benefit the community, forging stronger teams and bonds among blockchain devs and the ecosystem at large.
The big questions to be answered are timeline and scale. Crypto enthusiasts claim Bitcoin and blockchain are the best thing since sliced bread, but actions speak louder than words.
What are your thoughts? Which tech companies are you betting on and where do you see dApps, tokenization and blockchain based tech taking over the world?
Would love to hear predictions and educated guesses in the comments section below.
Which areas of the economy will be most impacted in the coming 5 years? 10 years?
Before you go…
If you got something actionable or valuable from this post, click 👏 button below or share the article on Facebook and Twitter so your friends can benefit from it too.
Hold down the clap button if you liked the content! It helps me gain exposure .
February 10, 2018, 11:42:10 PM
PURA
1. Search
A blockchain based browser/search engine could solve the problem of misaligned incentives. I have started using DuckDuckGo (a privacy focused search engine) after my research for the book (The Big Four — How Today’s Tech Companies Monopolize the Future) revealed the extent of Google’s power and control over my life.
Rather than collecting my personal information to sell better ads, DuckDuckGo (DDG) only occasionally shows ads — and solely based on the actual search query. Imagine that.
NOTE: DuckDuckGo has only a 0.20% market share worldwide (Source — NetMarketShare)
DDG’s approach has major advantages for users, namely disintermediating value with personal data — but there are issues as well.
The reason Google is dominates is their data and AI expertise. They know us better than we know ourselves and are able to deliver better experiences as a result. It is the reason Antitrust action will almost never occur in the US — our definition of monopoly is based upon consumer price gouging and poor experiences — the opposite of what today’s top tech companies deliver.
You want the best results for you, and you want them now. Google delivers this.
A blockchain based search engine (BBSE) could theoretically win here. Combined with an identity coin like Citizen, a BBSE could use consumer data and preferences (without ever owning/controlling them) to display better, more personalized search results for users.
And if advertising was added, BBSE users would benefit as well, earning tokenized “commissions” in exchange for seeing the ads — removing the adversarial relationship that exists today.
Unfortunately I foresee this as being a long ways off. To change user behavior, you need a 5–10x better solut than the existing product. To get to the point where a BBSE which surpasses Google’s market share (currently 77–80%) will take years.
Most people too freely give up their data and information without reading the terms of service (myself included).
2. Video
Competing with Youtube presents many of the same challenges as tackling search. There is one major advantage however, the creators create the platform and value.
And because Youtube advertising isn’t effective for the vast majority of creators, this could be interesting.
“According to our analysis, the average CPM that can be expected from YouTube videos is between $0.50 and $5.00. That means that for every 1 million views of your videos, you can expect to make between $500 and $5,000.” — Monetize Pros
That is pretty horrible, especially considering podcast ads earns 5–20x higher CPMs (cost per 1000 impressions).
Because Youtube is so competitive and the ability to earn is limited, it makes logical sense that creators would cross-populate content. On a new blockchain based video platform (BBVP), there would be less competition and thus a greater percentage of attention.
If incentives were added for creators to create content and onboard audiences, the rewards suddenly get more interesting. The first mover advantages create inherent network effects and time urgency — bring over your subscribers before some other Youtuber does.
That said it would still take time, especially to bring sufficient eyeballs to make good money. But with strong enough token incentives and quality content, it seems safe to say that news would spread.
The question is how fast. Odds are a BBVP would take several years to mature. Youtube has over 100 hours of video uploaded every minute — that is a lot of evergreen, SEO rich content.
And because Google favors Youtube, it would be hard to steal search traffic.
NOTE: Steemit/Dtube is currently working on building a Youtube killer but has a long long way to go to create a credible threat. That said Steemit is one of the most active blockchain projects/cryptocurrencies with a market cap of $1.49B and processes over 1M transactions per day (820k/day as of July 2017) — things are happening!
3. Adsense
Advertising ruined the internet, and journalism. When the world switched from subscriptions to display ads, quality started to slide.
Today clickbait is king. More eyeballs and pageviews (hence those annoying freaking slideshows) has created a world where artificial attention is rewarded. We have seen the quality of journalism and content degrade — prioritizing provocative headlines, flashy thumbnails and accidentally promoting an asshole like Trump.
NOTE: Trump won because he created controversy, driving eyeballs (ie ad dollars) and thus rankings/ratings around the globe. Our disgust forced us to read and forced his image and message everywhere like an unescapable evil billboard.
A blockchain based publication model (BBPM) could in theory solve this. Medium does a decent job of illustrating the point (although not profitably), by allowing users to upvote/Clap for articles they enjoy (up to 50 Claps). A similar model could redistribute dollars to the sites and publications we appreciate most.
And there are companies/organizations trying to do just that, both with and without blockchains. This is a hard proposition though because the majority don’t understand the power/risk of personal information.
Most people are fine with “being the product” and profiting (receiving free content/access) for their contribution to the system.
In my opinion the one and only way a blockchain based answer to Adsense could succeed would be tokenized incentives for early adopters (users and publishers) to the system where Adsense ads had an if/then statement attached. If user is BBPM member, no ads. If not then display ads.
In order to participate in the BBPM, publishers could jointly collude to “monopolize” the market, creating a linearly sliding scale of advertising intrusiveness across all web properties to encourage laggards to convert (ie overtime sites across the internet become less and less usable and more and more ads/spammy until readers joined the BBPM)
That said, I don’t see a “mafia-like” approach like this being adopted or believe change can happen in under a generation (hard to go from free to paid and be okay with it).
Hopefully I kids help kill clickbait…
Amazon
The company Bezos built to sell books online is now arguably the most dominant and diversified company on earth, and the odds on favorite to crack the $1T market cap first.
This seems to be the consensus, at least among technologists. But the majority are often very wrong, so let’s dive deeper (see the article below for a more in-depth analysis of Amazon’s future).
The Big 4 — Part One: Amazon — The Company that Consumes the World
The inside scoop on Amazon’s 2018 acquisitions, expansions and biggest weaknesses — here is how Bezos thinks about…
thinkgrowth.org
Understanding the empire
Amazon’s business is made up of five primary divisions: Amazon.com, AWS, Alexa, Whole Foods Market and Amazon Prime.
Each on its own would be an impressive business. Combined they create the world’s largest flywheel.
I don’t believe Alexa, Whole Foods or Amazon Prime have any risk of blockchain based disruption (at least in the foreseeable future). The nature of these business models isn’t easily decentralized.
And while decentralized AI/compute could be an interesting component to building an Alexa killer, I believe the bulk of the effort to be merging multiple technologies and disciplines (voice, AI, APIs, hardware) which seem highly unlikely in the foreseeable future
1. Search
A blockchain based browser/search engine could solve the problem of misaligned incentives. I have started using DuckDuckGo (a privacy focused search engine) after my research for the book (The Big Four — How Today’s Tech Companies Monopolize the Future) revealed the extent of Google’s power and control over my life.
Rather than collecting my personal information to sell better ads, DuckDuckGo (DDG) only occasionally shows ads — and solely based on the actual search query. Imagine that.
NOTE: DuckDuckGo has only a 0.20% market share worldwide (Source — NetMarketShare)
DDG’s approach has major advantages for users, namely disintermediating value with personal data — but there are issues as well.
The reason Google is dominates is their data and AI expertise. They know us better than we know ourselves and are able to deliver better experiences as a result. It is the reason Antitrust action will almost never occur in the US — our definition of monopoly is based upon consumer price gouging and poor experiences — the opposite of what today’s top tech companies deliver.
You want the best results for you, and you want them now. Google delivers this.
A blockchain based search engine (BBSE) could theoretically win here. Combined with an identity coin like Citizen, a BBSE could use consumer data and preferences (without ever owning/controlling them) to display better, more personalized search results for users.
And if advertising was added, BBSE users would benefit as well, earning tokenized “commissions” in exchange for seeing the ads — removing the adversarial relationship that exists today.
Unfortunately I foresee this as being a long ways off. To change user behavior, you need a 5–10x better solut than the existing product. To get to the point where a BBSE which surpasses Google’s market share (currently 77–80%) will take years.
Most people too freely give up their data and information without reading the terms of service (myself included).
2. Video
Competing with Youtube presents many of the same challenges as tackling search. There is one major advantage however, the creators create the platform and value.
And because Youtube advertising isn’t effective for the vast majority of creators, this could be interesting.
“According to our analysis, the average CPM that can be expected from YouTube videos is between $0.50 and $5.00. That means that for every 1 million views of your videos, you can expect to make between $500 and $5,000.” — Monetize Pros
That is pretty horrible, especially considering podcast ads earns 5–20x higher CPMs (cost per 1000 impressions).
Because Youtube is so competitive and the ability to earn is limited, it makes logical sense that creators would cross-populate content. On a new blockchain based video platform (BBVP), there would be less competition and thus a greater percentage of attention.
If incentives were added for creators to create content and onboard audiences, the rewards suddenly get more interesting. The first mover advantages create inherent network effects and time urgency — bring over your subscribers before some other Youtuber does.
That said it would still take time, especially to bring sufficient eyeballs to make good money. But with strong enough token incentives and quality content, it seems safe to say that news would spread.
The question is how fast. Odds are a BBVP would take several years to mature. Youtube has over 100 hours of video uploaded every minute — that is a lot of evergreen, SEO rich content.
And because Google favors Youtube, it would be hard to steal search traffic.
NOTE: Steemit/Dtube is currently working on building a Youtube killer but has a long long way to go to create a credible threat. That said Steemit is one of the most active blockchain projects/cryptocurrencies with a market cap of $1.49B and processes over 1M transactions per day (820k/day as of July 2017) — things are happening!
3. Adsense
Advertising ruined the internet, and journalism. When the world switched from subscriptions to display ads, quality started to slide.
Today clickbait is king. More eyeballs and pageviews (hence those annoying freaking slideshows) has created a world where artificial attention is rewarded. We have seen the quality of journalism and content degrade — prioritizing provocative headlines, flashy thumbnails and accidentally promoting an asshole like Trump.
NOTE: Trump won because he created controversy, driving eyeballs (ie ad dollars) and thus rankings/ratings around the globe. Our disgust forced us to read and forced his image and message everywhere like an unescapable evil billboard.
A blockchain based publication model (BBPM) could in theory solve this. Medium does a decent job of illustrating the point (although not profitably), by allowing users to upvote/Clap for articles they enjoy (up to 50 Claps). A similar model could redistribute dollars to the sites and publications we appreciate most.
And there are companies/organizations trying to do just that, both with and without blockchains. This is a hard proposition though because the majority don’t understand the power/risk of personal information.
Most people are fine with “being the product” and profiting (receiving free content/access) for their contribution to the system.
In my opinion the one and only way a blockchain based answer to Adsense could succeed would be tokenized incentives for early adopters (users and publishers) to the system where Adsense ads had an if/then statement attached. If user is BBPM member, no ads. If not then display ads.
In order to participate in the BBPM, publishers could jointly collude to “monopolize” the market, creating a linearly sliding scale of advertising intrusiveness across all web properties to encourage laggards to convert (ie overtime sites across the internet become less and less usable and more and more ads/spammy until readers joined the BBPM)
That said, I don’t see a “mafia-like” approach like this being adopted or believe change can happen in under a generation (hard to go from free to paid and be okay with it).
Hopefully I kids help kill clickbait…
Amazon
The company Bezos built to sell books online is now arguably the most dominant and diversified company on earth, and the odds on favorite to crack the $1T market cap first.
This seems to be the consensus, at least among technologists. But the majority are often very wrong, so let’s dive deeper (see the article below for a more in-depth analysis of Amazon’s future).
The Big 4 — Part One: Amazon — The Company that Consumes the World
The inside scoop on Amazon’s 2018 acquisitions, expansions and biggest weaknesses — here is how Bezos thinks about…
thinkgrowth.org
Understanding the empire
Amazon’s business is made up of five primary divisions: Amazon.com, AWS, Alexa, Whole Foods Market and Amazon Prime.
Each on its own would be an impressive business. Combined they create the world’s largest flywheel.
I don’t believe Alexa, Whole Foods or Amazon Prime have any risk of blockchain based disruption (at least in the foreseeable future). The nature of these business models isn’t easily decentralized.
And while decentralized AI/compute could be an interesting component to building an Alexa killer, I believe the bulk of the effort to be merging multiple technologies and disciplines (voice, AI, APIs, hardware) which seem highly unlikely in the foreseeable future
February 10, 2018, 11:40:09 PM
WHY PURA WILL GET TRACKED?
DO NOT LIKE THE COIN DIFFERENCES BOM + TIME
1. Google Search
Google is the dominant search engine with over 77% of global searches going through Google (Source: NetMarketShare.com).
Despite the fact that 1.3B people (there are only 7.6B people globally) live behind China’s Firewall, Google still owns over ¾ of the search engine market. This dominance has fueled Google’s historic rise.
86.5% of Alphabet’s revenue comes from advertising, primarily search ads (Source: Statista).
2. Youtube
Youtube is the second largest search engine in the world, and easily the largest user generated video platform. Users upload an impossible 100 hours of content to Youtube every minute.
And Credit Suisse believes that in 2015, Youtube and Google Play accounted for ~15% of Google’s revenue (up from 4% in 2010), and forecasted to reach 24% by 2020.
Considering Google only paid $1.65B to acquire them in 2006, that is one hell of a deal.
3. AdSense — display advertising
The other piece of Google’s advertising supremacy is their partner network, AdSense. AdSense allows sites to monetize through Google’s advertising platform without worrying about the backend or finding advertisers. Instead Google handles everything and takes a between 32 and 49 percent of ad revenue generate (the rest going to publishers).
According to Investopedia, AdSense revenues accounted for $15.5B, ie 23% of Google’s total revenue in 2016.
Unfortunately advertising as a business focuses on eyeballs over quality, leading to much of the degradation and click baity titles of today. I don’t see the advertising model changing drastically anytime soon, meaning Google’s great success with AdSense is likely to continue (and grow).
How blockchain beats Google
Google’s business is all about eyeballs, attention and “supposed transparency.”
Their slogan of “don’t be evil” and mission to openly share information with the world are notably at odds.
This creates a scenario where Google’s platform is god and only those that play by his/her rules are allowed in the garden of Google.
But, crypto complicates things for Google.
Google’s dominance is primarily driven by the network effects of big data and AI combined with force of habit — a near perfect storm.
At the same time however, many in the tech community are worried about the role tech giants play in our lives, especially as it relates to selling our personal data.
And as we have seen, the tech community is taking some shots from politicians and users over their role in the recent US election.
****PURA PURA CONCENTRATION
DO NOT LIKE THE COIN DIFFERENCES BOM + TIME
1. Google Search
Google is the dominant search engine with over 77% of global searches going through Google (Source: NetMarketShare.com).
Despite the fact that 1.3B people (there are only 7.6B people globally) live behind China’s Firewall, Google still owns over ¾ of the search engine market. This dominance has fueled Google’s historic rise.
86.5% of Alphabet’s revenue comes from advertising, primarily search ads (Source: Statista).
2. Youtube
Youtube is the second largest search engine in the world, and easily the largest user generated video platform. Users upload an impossible 100 hours of content to Youtube every minute.
And Credit Suisse believes that in 2015, Youtube and Google Play accounted for ~15% of Google’s revenue (up from 4% in 2010), and forecasted to reach 24% by 2020.
Considering Google only paid $1.65B to acquire them in 2006, that is one hell of a deal.
3. AdSense — display advertising
The other piece of Google’s advertising supremacy is their partner network, AdSense. AdSense allows sites to monetize through Google’s advertising platform without worrying about the backend or finding advertisers. Instead Google handles everything and takes a between 32 and 49 percent of ad revenue generate (the rest going to publishers).
According to Investopedia, AdSense revenues accounted for $15.5B, ie 23% of Google’s total revenue in 2016.
Unfortunately advertising as a business focuses on eyeballs over quality, leading to much of the degradation and click baity titles of today. I don’t see the advertising model changing drastically anytime soon, meaning Google’s great success with AdSense is likely to continue (and grow).
How blockchain beats Google
Google’s business is all about eyeballs, attention and “supposed transparency.”
Their slogan of “don’t be evil” and mission to openly share information with the world are notably at odds.
This creates a scenario where Google’s platform is god and only those that play by his/her rules are allowed in the garden of Google.
But, crypto complicates things for Google.
Google’s dominance is primarily driven by the network effects of big data and AI combined with force of habit — a near perfect storm.
At the same time however, many in the tech community are worried about the role tech giants play in our lives, especially as it relates to selling our personal data.
And as we have seen, the tech community is taking some shots from politicians and users over their role in the recent US election.
****PURA PURA CONCENTRATION
February 10, 2018, 11:36:13 PM
PURA DOES NOT PREVENT THE DEVELOPMENT AND BEFORE YOU CREATE A WORLD OF SUSTAINABLE TECHNOLOGIES FOR US
Blockchain vs The Big Four
How Cryptocurrencies and Decentralization Affect Google, Amazon, Facebook and Apple
In the eyes of “experts,” when it comes to blockchain, there is often no middle ground — it will either be boom or bust, nothing in between.
I for one have become a big proponent of blockchain technology, especially the crypto-economics used to jumpstart powerful network effects (more on this below).
But with so many opinions and noise floating around, I thought it would be beneficial to take a deep dive on the ramifications of blockchain technology as it relates to today’s top tech companies.
Will blockchain based alternatives unseat Google, Amazon, Facebook and Apple? After in-depth research into the business models, here is what I found…
A quick explanation
For those new to the space, blockchains are immutable (unchangeable), often trustless ledgers — creating digital scarcity and the possibly for much more. Due to their decentralized nature (run by a community vs a single entity) and their economic incentive models (tokens), they potentially represent a major threat to the status quo — at least that is what enthusiasts would have us believe (more on this later in article).
Basically this means that anything that was once done/stored on paper can now be accomplished and recorded on the blockchain, creating an infinite and unchangeable “paper” trail of ownership records, programmable contracts, financial information, personal data and much more.
And at least in theory, it would be owned by the users — something unheard of
The GAFA tech gods
As we enter 2018, we are entering into an era of unparalleled tech dominance. Companies like Google, Amazon, Facebook and Apple control more and more of our everyday lives — owning our data and everything around it. The inherent network effects and flywheels these companies built are unprecedented — both in their scope and ability to stave off competition.
In this connected world where things are constantly changing, I thought it could be beneficial to analyze/theorize blockchain based competitors to combat the tech giants of today — specifically to focus on what it would take to win.
Google
(For a in-depth analysis of Google’s core business model, strengths and weaknesses, future focuses and potential acquisitions, see this post)
Google is one of the most complicated companies today, with dozens of divisions and products that dominate our daily life.
We will skip most of these areas and instead focus on their primary business model — advertising.
Blockchain vs The Big Four
How Cryptocurrencies and Decentralization Affect Google, Amazon, Facebook and Apple
In the eyes of “experts,” when it comes to blockchain, there is often no middle ground — it will either be boom or bust, nothing in between.
I for one have become a big proponent of blockchain technology, especially the crypto-economics used to jumpstart powerful network effects (more on this below).
But with so many opinions and noise floating around, I thought it would be beneficial to take a deep dive on the ramifications of blockchain technology as it relates to today’s top tech companies.
Will blockchain based alternatives unseat Google, Amazon, Facebook and Apple? After in-depth research into the business models, here is what I found…
A quick explanation
For those new to the space, blockchains are immutable (unchangeable), often trustless ledgers — creating digital scarcity and the possibly for much more. Due to their decentralized nature (run by a community vs a single entity) and their economic incentive models (tokens), they potentially represent a major threat to the status quo — at least that is what enthusiasts would have us believe (more on this later in article).
Basically this means that anything that was once done/stored on paper can now be accomplished and recorded on the blockchain, creating an infinite and unchangeable “paper” trail of ownership records, programmable contracts, financial information, personal data and much more.
And at least in theory, it would be owned by the users — something unheard of
The GAFA tech gods
As we enter 2018, we are entering into an era of unparalleled tech dominance. Companies like Google, Amazon, Facebook and Apple control more and more of our everyday lives — owning our data and everything around it. The inherent network effects and flywheels these companies built are unprecedented — both in their scope and ability to stave off competition.
In this connected world where things are constantly changing, I thought it could be beneficial to analyze/theorize blockchain based competitors to combat the tech giants of today — specifically to focus on what it would take to win.
(For a in-depth analysis of Google’s core business model, strengths and weaknesses, future focuses and potential acquisitions, see this post)
Google is one of the most complicated companies today, with dozens of divisions and products that dominate our daily life.
We will skip most of these areas and instead focus on their primary business model — advertising.
February 10, 2018, 03:20:25 AM
Pura not only relies on integrity, but also believes in the belief of non-profit and pro social programs. The project is socially responsible. This belief will be welcomed by everyone. We should support this project. I think it is the trend of block chain development in the future.
What is real is the most reliable
What is real is the most reliable
February 09, 2018, 10:50:37 AM
Investment – the Royal Road to Learning
Cryptocurrencies are beginning to get support in high places…
…but PURA is for everyone!
As cryptocurrency markets have slowly begun to ease back into the swing of things this past week, there have been a number of pro-cryptocurrency statements by opinion leaders. Words such as these regarding investment are significant in light of uncertainty surrounding impending regulations and legal issues.
For instance, one of the world’s oldest monarchies is considering using the world’s most modern technology. Crown Prince Alois of Liechtenstein told CNBC that he and his family have been considering to invest in cryptocurrencies.
“Particularly with this whole new digital economy, it is something to look more into in the future,” Crown Prince Alois said to CNBC. The small German-speaking state is located between Switzerland and Austria. Liechtenstein has a population of less than 40,000 people. Liechtenstein is well-known for being a tax haven and developing into a legitimate financial center.
After the end of the Second World War, then Liechtenstein family had had to sell nearly all the art collections in their possession. In the late 1970s, thanks to corporate tax rates, the country went on to become one of the wealthiest country in the world. Crown Prince Alois of Liechtenstein himself is among the 6th wealthiest monarchs in the world. As the country’s financial situation has improved, the family has been looking into investing into new assets, such as cryptocurrency.
…on the road of learning
Crown Prince Alois also noted that blockchain technology could yield benefits for efficiency in governmental administration. However, the Crown Prince also said that he was aware of the “risky” nature of investment in cryptocurrencies and that he would still need to educate himself more on cryptocurrency investing.
Analogous to this positive interest, PURA will continue on its road towards mass adoption. We will keep providing informative and valuable background information on blockchain technology. PURA wants to ensure that everyone, not just the upper crust, has access to professional and up-to-date information on cryptocurrencies to feel comfortable in starting.
https://pura.one/cryptocurrencies-investment-information/
Cryptocurrencies are beginning to get support in high places…
…but PURA is for everyone!
As cryptocurrency markets have slowly begun to ease back into the swing of things this past week, there have been a number of pro-cryptocurrency statements by opinion leaders. Words such as these regarding investment are significant in light of uncertainty surrounding impending regulations and legal issues.
For instance, one of the world’s oldest monarchies is considering using the world’s most modern technology. Crown Prince Alois of Liechtenstein told CNBC that he and his family have been considering to invest in cryptocurrencies.
“Particularly with this whole new digital economy, it is something to look more into in the future,” Crown Prince Alois said to CNBC. The small German-speaking state is located between Switzerland and Austria. Liechtenstein has a population of less than 40,000 people. Liechtenstein is well-known for being a tax haven and developing into a legitimate financial center.
After the end of the Second World War, then Liechtenstein family had had to sell nearly all the art collections in their possession. In the late 1970s, thanks to corporate tax rates, the country went on to become one of the wealthiest country in the world. Crown Prince Alois of Liechtenstein himself is among the 6th wealthiest monarchs in the world. As the country’s financial situation has improved, the family has been looking into investing into new assets, such as cryptocurrency.
…on the road of learning
Crown Prince Alois also noted that blockchain technology could yield benefits for efficiency in governmental administration. However, the Crown Prince also said that he was aware of the “risky” nature of investment in cryptocurrencies and that he would still need to educate himself more on cryptocurrency investing.
Analogous to this positive interest, PURA will continue on its road towards mass adoption. We will keep providing informative and valuable background information on blockchain technology. PURA wants to ensure that everyone, not just the upper crust, has access to professional and up-to-date information on cryptocurrencies to feel comfortable in starting.
https://pura.one/cryptocurrencies-investment-information/
February 09, 2018, 05:11:58 AM
PURA is now being mined on D3Pool.eu - high profitability multipool
Link: D3pool.eu
ANN: https://bitcointalksearch.org/topic/annpool-d3pooleu-40-x11-coins-profit-switching-auto-exchange-2904614
Fee: only 0.5%
We have an active team & fast responding support - join us on Facebook - Twitter
Link: D3pool.eu
ANN: https://bitcointalksearch.org/topic/annpool-d3pooleu-40-x11-coins-profit-switching-auto-exchange-2904614
Fee: only 0.5%
We have an active team & fast responding support - join us on Facebook - Twitter
February 08, 2018, 07:42:41 AM
Aditim Hoanh Anh Nguyen, [08.02.18 19:33]
https://pura.one/bubble-growing-pains-technologies/
Aditim Hoanh Anh Nguyen, [08.02.18 19:33]
The growing pains of new technologies
Why PURA is not part of the bubble
The distinguishing features of growth
Numerous financial experts and market participants have been warning that the cryptocurrency market may be a bubble. They compare it to the dot-com bubble of the early 2000s or the tulip mania of the 17th century. Warnings are abound that cryptocurrencies will end just the same. Doomsayer predict even worse repercussions than those of previous bubbles.
These types of predictions are common every time new technologies enter the market, on account of their disruptive nature. However, let’s take a closer look at the dot-com bubble and its outcome. Deflagration of economic bubbles always carries the opportunity for consolidation, paving the way for solid and stable growth. Subsequently, only those companies and technologies that have true potential stand a chance in the long term.
For instance, take Amazon after making IPO in 1997. The initial stock price was USD 1,40 and rose to an astounding USD 113 in December 1999 when the dot-com bubble hit its peek just a few month before bursting. In October 2001, Amazon lost 95% of its value and stood at USD 5,51. Nevertheless, the company from Seattle has put in solid and stable growth since to become one of the world’s most successful companies.
Stable development
As can be seen, USD 10,000 invested back then into Amazon stock would be worth USD 3 Million today. So what is the lesson to be learned from this? Instead of reductive talk about a bubble regarding all cryptocurrencies, we should bear in mind first and foremost the chance of new developments and new business. To quote Christopher Giancarlo, US chairman of the Commodity Futures Trading Commission (CFTC): “We owe it to this new generation to respect their enthusiasm for virtual currencies, with a thoughtful and balance response, and not a dismissive one.” So, this holds true for blockchain technology and the cryptocurrency market. Blockchain technology is set to change banking technologies. In this context, only cryptocurrencies like PURA that bring decisive advantages to the mass market will survive.
Above all, fast transaction times, steady work towards mass adoption, choosing the right partnerships and continuous technological development are the hallmarks of PURA that will prove to be critical and game-changing. To stay on top of all developments, make sure that you follow our PURA Telegram group. Simply install Telegram on your desktop and join in.
Aditim Hoanh Anh Nguyen, [08.02.18 19:34]
Blockchain technology is set to change banking technologies. In this context, only cryptocurrencies like PURA that bring decisive advantages to the mass market will survive.
Above all, fast transaction times, steady work towards mass adoption, choosing the right partnerships and continuous technological development are the hallmarks of PURA that will prove to be critical and game-changing. To stay on top of all developments, make sure that you follow our PURA Telegram group. Simply install Telegram on your desktop and join in.
Aditim Hoanh Anh Nguyen, [08.02.18 19:34]
Blockchain technology is set to change banking technologies. In this context, only cryptocurrencies like PURA that bring decisive advantages to the mass market will survive.
Above all, fast transaction times, steady work towards mass adoption, choosing the right partnerships and continuous technological development are the hallmarks of PURA that will prove to be critical and game-changing. To stay on top of all developments, make sure that you follow our PURA Telegram group. Simply install Telegram on your desktop and join in.
https://t.me/joinchat/F6kj1koChG_CJB4SdDRQew
https://www.facebook.com/officialpura/
https://pura.one/blogchain/
skype: nguyenanhhoanh
https://pura.one/bubble-growing-pains-technologies/
Aditim Hoanh Anh Nguyen, [08.02.18 19:33]
The growing pains of new technologies
Why PURA is not part of the bubble
The distinguishing features of growth
Numerous financial experts and market participants have been warning that the cryptocurrency market may be a bubble. They compare it to the dot-com bubble of the early 2000s or the tulip mania of the 17th century. Warnings are abound that cryptocurrencies will end just the same. Doomsayer predict even worse repercussions than those of previous bubbles.
These types of predictions are common every time new technologies enter the market, on account of their disruptive nature. However, let’s take a closer look at the dot-com bubble and its outcome. Deflagration of economic bubbles always carries the opportunity for consolidation, paving the way for solid and stable growth. Subsequently, only those companies and technologies that have true potential stand a chance in the long term.
For instance, take Amazon after making IPO in 1997. The initial stock price was USD 1,40 and rose to an astounding USD 113 in December 1999 when the dot-com bubble hit its peek just a few month before bursting. In October 2001, Amazon lost 95% of its value and stood at USD 5,51. Nevertheless, the company from Seattle has put in solid and stable growth since to become one of the world’s most successful companies.
Stable development
As can be seen, USD 10,000 invested back then into Amazon stock would be worth USD 3 Million today. So what is the lesson to be learned from this? Instead of reductive talk about a bubble regarding all cryptocurrencies, we should bear in mind first and foremost the chance of new developments and new business. To quote Christopher Giancarlo, US chairman of the Commodity Futures Trading Commission (CFTC): “We owe it to this new generation to respect their enthusiasm for virtual currencies, with a thoughtful and balance response, and not a dismissive one.” So, this holds true for blockchain technology and the cryptocurrency market. Blockchain technology is set to change banking technologies. In this context, only cryptocurrencies like PURA that bring decisive advantages to the mass market will survive.
Above all, fast transaction times, steady work towards mass adoption, choosing the right partnerships and continuous technological development are the hallmarks of PURA that will prove to be critical and game-changing. To stay on top of all developments, make sure that you follow our PURA Telegram group. Simply install Telegram on your desktop and join in.
Aditim Hoanh Anh Nguyen, [08.02.18 19:34]
Blockchain technology is set to change banking technologies. In this context, only cryptocurrencies like PURA that bring decisive advantages to the mass market will survive.
Above all, fast transaction times, steady work towards mass adoption, choosing the right partnerships and continuous technological development are the hallmarks of PURA that will prove to be critical and game-changing. To stay on top of all developments, make sure that you follow our PURA Telegram group. Simply install Telegram on your desktop and join in.
Aditim Hoanh Anh Nguyen, [08.02.18 19:34]
Blockchain technology is set to change banking technologies. In this context, only cryptocurrencies like PURA that bring decisive advantages to the mass market will survive.
Above all, fast transaction times, steady work towards mass adoption, choosing the right partnerships and continuous technological development are the hallmarks of PURA that will prove to be critical and game-changing. To stay on top of all developments, make sure that you follow our PURA Telegram group. Simply install Telegram on your desktop and join in.
https://t.me/joinchat/F6kj1koChG_CJB4SdDRQew
https://www.facebook.com/officialpura/
https://pura.one/blogchain/
skype: nguyenanhhoanh
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