[2020-07-23] Expert Insights on the Asian Crypto Market amidst pandemic

[S3cco]

Expert Insights on the Asian Crypto Market amidst pandemic
https://bitcoingarden.org/expert-insights-on-the-asian-crypto-market-amidst-pandemic/

Trescon hosted its first virtual edition of the popular World Blockchain Summit (WBS) series on Thursday, 16th July. Amidst the pandemic crisis, WBS was set in an interactive online environment with a special focus on the Asian blockchain and crypto market. The summit convened over 1000 participants that included HNIs, Hedge Funds and Crypto Investors alongside blockchain experts, influencers & gurus from global enterprises to discuss how Asia can thrive in the global blockchain & crypto race.

The first virtual edition of Trescon’s World Blockchain Summit (WBS) digitally connected over 1000 global crypto-blockchain experts & Crypto Asset Entrepreneurs who shared their thoughts on the ongoing Covid-19 crises and its impact on the Asian crypto market. Top speakers at the conference included Changpeng Zhao, CEO of Binance; Don Tapscott, CEO of The Tapscott Group Inc and Co-Founder of The Blockchain Research Institute; David Chaum, Founder of xx network and Roger Ver, CEO of Bitcoin.com; among others.

Don Tapscott, co-founder and Executive Chairman of the Blockchain Research Institute and one of the world’s leading authorities on the impact of technology on business and society, opened the conference on Thursday morning. Don’s opening address centred on blockchain and the transformation of public health, in which he outlined the profound changes that Covid-19 pandemic will cause to the economy, social behaviour, and society. “The pandemic will reveal deep problems in our systems for innovation, commerce, data and technology infrastructure. So, this conference happened at a very appropriate time. The spread of the virus and our ineptitude to deal with the consequences had a lot to do with the lack of data.”....

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[Slow death]

Don’s opening address centred on blockchain...

article title: " Expert Insights on the Asian Crypto Market amidst pandemic "

but from what I read in the article they concentrates more to the blockchain than to talk about the cryptocurrency market, maybe this is because many governments like and approve blockchain and also because if they concentrates to talk about the cryptocurrency market they would be forced to talk about quality, scam cases, cases of lies that many altcoin creators have done, the bad services that many exchanges have... these are the subjects that they should discuss a lot and sincerely

[Darker45]

Don’s opening address centred on blockchain...

article title: " Expert Insights on the Asian Crypto Market amidst pandemic "

but from what I read in the article they concentrates more to the blockchain than to talk about the cryptocurrency market, maybe this is because many governments like and approve blockchain and also because if they concentrates to talk about the cryptocurrency market they would be forced to talk about quality, scam cases, cases of lies that many altcoin creators have done, the bad services that many exchanges have... these are the subjects that they should discuss a lot and sincerely

That's the World Blockchain Summit (WBS) so their focus is expected to be on the blockchain technology more than on cryptocurrency, and against the backdrop of COVID-19. It's a nice and very timely topic, of course, but quite separate from the topic that you wish to be discussed.

And with a discussion on quality of crypto projects, scam cases and lies, and those parts which are causing erosion of crypto trust rather than contributing to its growth, I bet these same guest speakers wouldn't be present. Or else it wouldn't gather much audience.

[bhadz]

There is an on-going battle of a crypto ban against the people of India. If these people are too influential enough, they should help the crypto folks in that country and suggest the government to the extent that they can. They can have unlimited summits that they want and talk about Asian crypto market but at least, they give the Indian crypto community a hand. They are seeing the potential on it as indicated the article but about the possible ban, there's none.

[Kemarit]

There is an on-going battle of a crypto ban against the people of India. If these people are too influential enough, they should help the crypto folks in that country and suggest the government to the extent that they can. They can have unlimited summits that they want and talk about Asian crypto market but at least, they give the Indian crypto community a hand. They are seeing the potential on it as indicated the article but about the possible ban, there's none.

On the contrary hearing CZ talking about Indian market and how it's going to be huge in the next coming years might be a good plus of Indian community who are fighting against the imminent ban coming from the government. Indonesia as well is being mentioned by CZ, so probably this two nations in Asian is going to be his next target for sure, specially India because of the huge market and the potential for a billion dollar cash flow on his pocket.

[Argoo]

The population of the Asian region has always shown great interest in cryptocurrency. After the official launch of the Chinese digitalized yuan, and even more so the Asian regional stablecoin, interest in the decentralized cryptocurrency should grow significantly.
Now, four major banks in China have gradually begun introducing their digitized yuan and we will eagerly await the first feedback on the usability of this stablecoin. This experience can prove invaluable to other states.

[cr1776]

The population of the Asian region has always shown great interest in cryptocurrency. After the official launch of the Chinese digitalized yuan, and even more so the Asian regional stablecoin, interest in the decentralized cryptocurrency should grow significantly.
Now, four major banks in China have gradually begun introducing their digitized yuan and we will eagerly await the first feedback on the usability of this stablecoin. This experience can prove invaluable to other states.

The people of Asia, particularly China, would do well to embrace bitcoin.  These so-called stable coins have few of the benefits of a decentralized system like bitcoin and most of the issues with a fiat currency like the yuan.  A digitized yuan adds nothing of benefit for the people of China, but certainly benefits the Chinese authoritarians.  Anyone who puts their trust in authoritarians of any stripe - socialist, communists, fascist, totalitarian etc - is naive or just plain uninformed.

[stompix]

article title: " Expert Insights on the Asian Crypto Market amidst pandemic "

but from what I read in the article they concentrates more to the blockchain than to talk about the cryptocurrency market, maybe this is because many governments like and approve blockchain and also because if they concentrates to talk about the cryptocurrency market they would be forced to talk about quality, scam cases, cases of lies that many altcoin creators have done, the bad services that many exchanges have... these are the subjects that they should discuss a lot and sincerely

A better title would have been "Businessmen trying to sell their own products amidst pandemic".

For a large part of the world, the worse is gone and with all the hype surrounding the blockchain and cryptos, in general, there hasn't been a single case when the new technology helped where the old failed, one case in which the proclaimed savior of the old managed to do something nothing else could.

From the first paragraph this whole so-called "conference" starts as a farce:

“The pandemic will reveal deep problems in our systems for innovation, commerce, data and technology infrastructure. So, this conference happened at a very appropriate time. The spread of the virus and our ineptitude to deal with the consequences had a lot to do with the lack of data.”

Lack of data on what? Lack on data on the virus? How is the blockchain going to change this, is CZ going to open a binance.virus and all the viruses are going to come and fulfill KYC with their genome? Or, and this is far worse, data on the patients and the suspects? Interesting, are we going to use the blockchain as a surveillance tool? Wow...

“We need to reinvent public health. At The Blockchain Research Institute, we are trying to bridge the gap between the enormous potential of blockchain technology and the actual deployment. Imagine if each had our own self-sovereign health record. In a crisis like this, the state can mandate availability of anonymised data about critical health information. You can have the real-time health data of an entire population. This is possible now because of blockchain.”

In the end, it's all about money, right?
Probably the best title would have been, "Hyenas having a conference"!