Eric Finman, an 18-year-old Bitcoin millionaire, develops a virtual currency against Bitcoin with other crypto money-holders around the world
At the age of 19, Eric Finman had come up with a $ 1 million Bitcoin fortune. Finman is not satisfied with the current state of the crypto money that he owes his great fortune. According to Finman, Bitcoin and other crypto money societies are considering their own interests rather than their well-being.
Finman describes the failure of block-chain technology, which is at the base of today's most popular crypto money, not yet at the ideal level. Going forward, the young entrepreneur describes the crypto money market as "corrupt" and points out that the original point of view is reversed. Crypto moneys emerged as an alternative asset to politics. Finman believes that today's popular crypto paranas will soon be crushed under their own weight. "What we see today is the first generation of crypto money, and they are likely to disappear." Finman can not complain about the crypto money world. The young entrepreneur who travels the world for a new project wants to "fix" the crypt money. Traveling from San Francisco to Dubai, Finman is looking for Bitcoin millionaires like himself and inviting them to a consortium.
Finman wants to bring together the richest crypto money riches in the world, and he says they will develop a new crypto money with them a few months later. While the technical details of the new crypto paranoid will be shared in the future, Finman claims that the new crypto paranoid will have exactly the opposite characteristics of Bitcoin. While Bitcoin's price is too stable to be used for payments, the value of the crypto money that will emerge with the Finman project is more "predictable". Today, the transaction fees for Bitcoin transfers can go up to $ 37. Finman underlines that members of the consortium are convinced that their own money will keep the transaction fee as low as possible, and that even if the money is very popular, it will not change. Another criticism of the consortium Bitcoin is that the deadlines for transferring are days. Finman says they will work to make their crypto money transfer faster. The electricity needed for Bitcoin mining and transfer is also one of the big problems.
Some estimates agree that mining activities can speed up climate change. Finman says the consortium has innovative ideas to reduce the use of electricity. To use Bitcoin, users need to download a complex digital wallet first. According to Finman, the wallet they will develop will have a user-friendly interface and easy handling. Experts of the crypto money world point out that the solutions of these problems are easy to express. Finman's fingerprint problems are known to the industry, but many are considered to be the borders of block-chain technology. In order to solve these problems, there is a need for an intermediary to centralize all the infrastructure and operations, which is already in the current banking system.
However, centralized brokerage houses are not seen as an option by the intellectual sector, as crypto money has been developed in response to the structure of today's financial system, which is governed by central banks.