Cryptocurrency or crypto or blockchain could sometimes sound very technical and jargon to many of you. But it is not as alien anymore as many people are learning, understanding and getting hands-on in the technology.
Although there are not many institutions that offer courses on blockchain technology or cryptocurrencies, we are still able to get information and tutorials through books or better with online platforms.
Digital assets are basically growing every single day, from having only one, Bitcoin (BTC) to now more than 2000 coins available. Although many people feel that the cryptocurrency’s value is very inconsistent, those who are involved in trading or foreign exchange (forex) market will understand that it is normal.
On a general note, it is very common for us to learn something from people instead of other mediums such as books or anything in that line because we tend to believe people and their experience more than anything else.
So, here we are going to share about successful cryptopreneurs and the things we can learn from their experience and quotes.
Vitalik Buterin, previously the co-founder of Bitcoin Magazine and now the inventor and co-founder of the second-largest cryptocurrency, Ethereum (ETH). The Russian-Canadian programmer and writer created ETH as he was inspired by a few drawbacks of BTC blockchain that he faced while building applications on it.
Talking about regulatory actions, it has been a recent topic of interest for the crypto community as smaller countries like Malta have set up regulations, whereas other bigger countries are still struggling to come up with actions that would help advance the cryptocurrency market and blockchain space.
According to Buterin, the regulatory openness that would be useful now should focus on ways to make it easier for people to sell small amounts of cryptocurrency. “Allowing people to use small amounts of cryptocurrency is valuable within crypto, and also particularly for use cases of blockchains that go beyond cryptocurrency.”
“Cryptocurrencies are still a new and hyper-volatile asset class and could drop to near-zero at any time, don’t put in more money than you can afford to lose”, Buterin tweeted as a reminder to cryptocurrency owners.
Charlie Lee who worked for Coinbase till 2013, is the creator and Managing Director of Litecoin (LTC) and a computer scientist by profession. LTC has always been a coin that is overlooked despite its 6th rank on market cap, at the time of writing.
Lee has worked with various well-known companies like Guidewire Software and Google, which has made him involved in YouTube Mobile and Chrome OS projects. During his service in Google, he learnt about BTC from an article, which eventually made him inspired to create LTC.
Lee feels that we’re still maybe five years away before people actually start using bitcoin and litecoin in real-world use as a currency. “I just want to warn people that they should invest responsibly. Don’t spend all of your life savings to buy a cryptocurrency in case it drops 80 per cent. “I think increased regulation will help to reduce the volatility of the coin”, he stated.
Marc Andreessen is one of the most prominent entrepreneurs and investors who strongly believe in Bitcoin and the blockchain technology. It is remarkable that Andreessen has kept his positive outlook on cryptocurrencies despite the collapse in the market.
Andreessen’s trust in digital asset and blockchain is that the technology could realign incentives between platforms and users. “Bitcoin is still working today, exactly the same as it worked last year and the year before and the year before that. By all the noise and all of the stuff and all of the crashes and this and that and the other things, it just continues to work. It’s becoming like air or water. It just is, like it or hate it, it just is” Andreessen once tweeted.
Like the others have mentioned, Andreessen also believes that the regulation itself is not the problem, whereas, it’s the lack of clarity around crypto regulation that our companies and the crypto space overall grapple with.
Finally, let us see what the ‘Bitcoin Jesus’ who preaches the gospel to crypto startups with his entrepreneurial spirit, has to tell us as he is one of the early investors in Bitcoin and pioneer promoters too.
The Bitcoin Cash founder recently made headlines after a clash during a heated panel where his statement of more than 100,000 websites accept Bitcoin Cash was repudiated by Dr Doom who said no one uses cryptocurrencies. The debate concluded with questions from the audience, and in this, Roger Ver, supporting cryptocurrencies because of the financial freedom they offered to users, was a clear winner.
Despite all the negativities, Ver’s strong opinion is, “if hackers are trying to hack it, means that there’s something valuable in cryptocurrencies, and this sends bullish signs that crypto is here to stay. Nobody knows whether it’s going up, down or sideways and I think that’s the interesting thing about cryptocurrencies.”
As a conclusion, it’s clear that cryptocurrency and the blockchain technology are definitely a good idea to lessen quite a number of hassles. It just depends on how we decide to implement it in our lives, be it trading, investing or data storage purposes.
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