man, this article/report is disturbingly stupid.
The price of bitcoin could nosedive to zero, Jeff Schumacher, founder of BCG Digital Ventures, said during a CNBC-hosted panel at the Sanctuary in Davos.
Jeff, didn´t you get the memo? If bitcoin goes to zero all alts will have been there long before. If the most robust one, the only decentralized coin will go to zero, where is the reason to buy any shitcoin?
All agreed that the value of tokens will be derived from how useful the underlying protocol is.
wtf, yes of course! bitcoin up for a decade, flawless, robust, unfonfiscateable with plenty of real life use cases in contrast to all the thousands of shitcoins with no use case at fucking all.
"I do believe it will go to zero. I think it's a great technology but I don't believe it's a currency. It's not based on anything," Jeff Schumacher, founder of BCG Digital Ventures, said during a CNBC-hosted panel in Davos, Switzerland.
Jeff... oh dear. uncensoreable 24/7 value transfer, quick and cheap, outside of governments and banks is a major breakthrough. and..what exactly are alts based on?
Schumacher is a big investor in blockchain-focused companies.
the "blockchain-not-bitcoin" narrative is dead. All those millions invested in "blockchain" - where the fuck are the results? the products? the use-cases?
...Brad Garlinghouse, CEO of Ripple, that the focus for him as an investor is on the underlying technology known as blockchain.
lol, ripplescam doesn´t even run on a blockchain. ripple is as innovative as airline miles.
Schumacher said the industry is now trying to create "open decentralized systems."
Jeff... bitcoin already exists. what are you talking about?
similar to cloud computing today.
wtf?
what a shit(coin)show.