Connect with us

Bitcoin

Bitcoin [BTC] is the perfect solution for the digital world, says Anthony Pompliano

Avatar

Published

on

Bitcoin [BTC] is the perfect solution for the digital world, says Anthony Pompliano
Source: Pixabay

Anthony Pompliano, the founder of Morgan Creek Digital, recently published a blog clarifying his earlier tweet where he posted,

“The reason it is so hard for so many humans to understand crypto assets is because these assets are not for us. They are being built for the machines.”

In his recent blog post, Pomp acknowledged that all physical assets – stocks, contracts, and money, were all useful for the ‘analog world’ whereas they have zero utility in a completely digitized world. And by completely digitized, he elucidated, a world with ‘no borders’ connecting billions of people around the world; a high degree of connectivity with more efficient transmission of information and value and increased dependence on technology.

Pompliano stated,

“The digital world needs digitally native assets.”

Pomp stated that he believes that the largest decentralized crypto asset, Bitcoin [BTC] was the perfect solution for a digital world because of its transparent nature and compatibility with machines, as opposed to traditional money. He further wrote,

“Wide adoption of the digital tokens will catapult the global transactions settlement at low cost and at a faster speed.”

Pomp further called for ‘smart security’ or tokenized security as alternatives to mainstream stocks whose transactions across borders are inefficient and less transparent when compared to smart security ones. He further asserted,

“The securities are highly divisible and can empower an entirely new world of ownership. Rather than simply owning the equity in a large corporation like Apple, the machines will be able to offer ownership in individual divisions of a company, individual product lines, or even claims on cash flow of a single revenue stream.”

Leveraging the blockchain technology, Pomp’s plans include revolutionizing assets to agreements between two parties with “greater efficiencies, less counter-party risk, and higher degrees of trust and transparency.”



Pompliano also believes that within a decade, smart securities will be deployed by major institutional players of the world as default and most countries will employ ‘native digital currency’ in the digital world.

He concluded the post by stating,

“We just need to realize our role is to ensure they have the assets and contracts necessary to help us improve the world.”





Subscribe to AMBCrypto’s Newsletter


Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

Published

on

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending