Peeking into the Future of Cryptocurrency with Binance and Coinbase. Part 3

Thank you tuning in again.

I’ve got a great episode on peaking into the future of cryptocurrency today, as I’ve got some great links to explain some of the super cool terminology I’ve learnt from studying and researching these new coins and their newer technology, this includes:

Super Dominance

Network Effects

Metcalf’s Law

More on this in a sec, let me just recap on the last article as it was very interesting to see Big Venture Capital behind these coins rather than smaller developer houses/ groups/ start ups/ idealists etc.

So far I’ve covered:

These coins are from the 17 new additions coming soon to Coinbase, who admits that any new offerings are subject to strict selection policy, (and the eye of the SEC) as they are going straight onto the USA crypto market. Making them great coins and tech to focus on as they are more likely going to stand the test of time by checking these two boxes.

On a side note, Coinbase has about 30% to 40% of the USA market share, depending upon who you listen to. So it is safe to say buying and investing in these coins is going to be a lot easier especially as you will be able to convert fiat currency straight into these.

Poll conducted for USA wallet holders

The barrier to entry for these coins is so much smaller and easier as you don’t have to buy ETH or BTC first, which for certain investors (noobs and possibly older age stock market/ mutual fund investors) it makes a lot of sense. Who use fiat currency to directly purchase stocks, bonds, companies etc, rather than buy one thing first only to exchange it for another later.

I say this as I expect a lot of new people and new money to enter this space for many reasons which I will cover in another article, but very briefly, these new coins could probably advertise in areas where most crypto at the moment cannot. This is because they are safer, lighter on resources and community based, as well as backed by real business men/women with proven track records.

In this article I will look at these 3 coins:

Coda

https://codaprotocol.com/

Have a look at these screenshots, Coda has a very clean, premium looking website feel to it. Look out for those buzz words that I see coming up again and again:

Safe

Light (mobile friendly)

Friendly

Community based

Protocol that allows developers to build on it

More Scalable (than current OG coins)

Pretty nice website eh? Can you see the same qualities that the previous coins have? At this point, I want to say that all these coins/tech/ protocols are also sharing one other Very important distinction.

They are extremely Transparent!

1. They have these great looking website’s with the concept clearly explained

1. Good quality multi social media channel engagement direct to the team (reddit, discord, telegram)

Where else can you get that kind of interaction and personal involvement in today’s coins? Yes there are some, but there are also many that don’t! It does make sense now, why I would buy something in this space without a clearer picture of who they are and what they want to achieve.

Some of us have been crazy optimists looking purely at price and how many exchanges it’s on, rather than sound principles and transparent mission objectives. These coins and tech actually want to make Crypto a much better place... For Everyone, not just early investors or good traders! 👍🏼💯

Here are the last two screenshots that show the team and the investors involved. You can see All the team on the website and All of the investors, which will be another feature going forward to get SEC approval and easy access to all the big exchanges, in my opinion.

These new coins are happy to:

Displaying All the team

Displaying All the Investors

Give you Access to developers via social messaging services

Safe and transparent.

They do kind of go together, don’t they? As for the investors did you recognise some of the same names?

Again we see:

Coinbase Ventures

Polychain Capital

Naval Ravikant

A LOT of these people have their own social media channels or newsletters so you can go and see what they think of the future and what they are saying about it.

I’ve signed up for loads of newsletters and blog updates so I see if I follow and understand their vision of cryptocurrency or new tech businesses so I can be best prepared for what’s next.

Talking about what’s coming next, for these new coins to gain market share and popularity they need to have MASSIVE advantages over the current crypto landscape according to these savvy investors.

So let’s show you a quick cool video on how these new coins/ tech/ protocols expect to do this! It’s all based on those principles I mentioned earlier.

Metcalf’s law and the importance of having a technology that gains the most Network Effects and Super dominance by easy quick adoption. Check this short YouTube video out by another cool investor Cedric Dahl who is completely transparent about investing in Civic CVC and Filecoin on this video as well. 👈🏼🤔

Cedric Dahl
Original Bitcoin and Ethereum Investor

Pretty cool eh?

These new investors understand these laws as they talk about them or people like Cedric have meetings with them (Naval Ravikant) and they discuss these topics as well as opportunity costs, sustainability, competition and SEC regulation.

So far, I would keep on eye out On All these coins, except maybe Avalanche, as it’s so new and doesn’t have a website or social media links (at time of writing) even though it is advertised to be listed on Coinbase. Let’s see how Dfinity compares to what we have seen so far.

Dfinity

https://dfinity.org/

A blockchain computer! That’s sounds freakin’ Awesome!

Is this the future? I certainly hope so...

So Reinventing the internet as a Computer that runs secure software with Super Powers!

According to Dfinity: There are 3 obvious sectors in Crypto right now:

1. Store of Value - like Bitcoin

2. Smart Contract Platforms - like Ethereum

3. Decentralised Cloud Computing

That’s where Dfinity is focussing itself. The project looks fascinating and it’s worth going to the website and scrolling down just a fraction to see the coolest graphic twist and pop up to reveal a 1min 30 second video of Dfinity taking about the future of cryptocurrency and where they in particular are going.

If there coin is anywhere near as good as their website coding then it’s going to be slick and sexy! They also said that -

The Whole World Runs On Software...

Echoing what Andreessen Horowitz said on his website and blog. Hmmm I like it when I see consensus like that in smart minds, who are worlds apart. Dfinity are programmers and Horowitz is a venture caps list, but they agree on this present climate of the world runs on software and they are positioning themselves to take advantage of it...

Dfinity knows that a blockchain computer allows you to build new software systems and services that are hack proof, unstoppable and scalable and offers real world costs and time compared to current methods.

Again all the new buzz words are there and it’s offering a real world solution to current software and cryptocurrencies of old. This is very different to Golem GNT which offers decentralised computer hard drive usage, by loaning out spare resources on all connected computers.

Dfinity reimagines how we build and host software on the cloud by turning the internet into a powerful blockchain computer!

That definitely sounds like exciting stuff! AI and science fiction all rolled into one, but totally relevant and possible with today’s minds as they understand the consensus protocol that we have here in the cryptocurrency space.

Filecoin

https://filecoin.io/

Huge social media community portals: Slack, Wechat, Youtube, Twitter, Github

Which shows that transparency right from the get go and a growing community outreach way before the coin is released or finished. 🙌🏼😁

Similarly to Dfinity, Filecoin believes in the future of a decentralised internet with more peer to peer networks that can overcome any single point of failure, but Filecoin goes one further and sort of mixes Bitcoin with Storj and Siacoin objectives.

As it wants to disrupt the huge data storage industry, by having a coin and blockchain that’s maintained by the miners as well as allowing everyone on the internet to participate as a storage provider.

As it says on their website “On this robust global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price.”

So Filecoin wants to give the every day user a piece of the data storage/ usage pie and let supply and demand dictate price rather than big data centres charging whatever they like. A fairer system that benefits the community not just the investors or good traders, just like we see on a lot of coins in the cryptocurrency market at the moment.

Massive transparency here again. Although the full research and white paper is available to the public this time, which is pretty epic. They are also on plenty of social media messaging services and show their one and only investor at the bottom of the website, who is Protocol Labs.

So another friendly coin it is!

By this I mean, it wants to share its technology with everyone and offer a real world solution to expensive data storage by being a Airbnb of the industry and disrupt it into a fairer place where we as people can participate thanks to their technology.

More power to the people, rather than the big corporations as well as making the service they provide safer and better. I can see this coin being Very Popular with people in this space as it supports the whole crypto movement, where we are taking better control of our future with less central control on our money, content and on potential side income/ business start ups.

I hope that wasn’t too much for one article, but this is fascinating stuff and these new coins are really new technology to me and they are definitely going to make it easier and cheaper for us to operate on the internet in the future.

By either offering better alternatives than we have currently or enabling us to participate in online services and profit from it much easier than setting up our own company.

Brilliant!

Let’s investigate some more Coins tomorrow! On the agenda will be:

Till tomorrow! Peace ✌🏼 ☮️