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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:
Coindesk SlideShare on 2013/2014 bitcoin-2014/5-Key_Bitcoin_events_and_price” goal=”_blank”>https://www.slideshare.net/CoinDesk/coindesk-state-of-bitcoin-2014/5-Key_Bitcoin_events_and_price
Mt. Gox disaster: bitcoin-2014-bitcoins-biggest-nightmare-the-collapse-of-mt-gox/28074″ goal=”_blank”>https://insidebitcoins.com/news/bitcoin-2014-bitcoins-biggest-nightmare-the-collapse-of-mt-gox/28074
Total VC funding in cryptos in 2018: cryptocurrency-companies-in-2018-reached-3-9-billion/” goal=”_blank”>https://newconomy.media/news/venture-investments-in-cryptocurrency-companies-in-2018-reached-3-9-billion/
How to search out BTC accepting retailers: https://www.virtualcoinsquad.com/
5 years in the past in Crypto History:
BTC value: $631 Litecoin value: $17.35 XRP (all the time the bridesmaid, by no means the bride) value: $0.01 AuroraCoin value: $9.79 SpainCoin value: $3.02 Peercoin (HONORABLE MENTION) value: $3.21
Bitcoin- The first Proof of labor cryptocurrency Litecoin- proof of labor cryptocurrency XRP- Not mineable, all cash already created. fee community designed to bridge worldwide currencies. AuroraCoin- Cryptocurrency designed particularly for Iceland residents SpainCoin- Mineable cryptocurrency that’s now inactive Peercoin- makes use of a modified proof of stake consensus as a safety mannequin
Let’s set the stage lets? The prime cash in response to market cap 5 years in the past consisted of decentralized networks that have been aiming to disrupt how cash can work. Looking again on the yr of 2014 we see that it started with one Bitcoin change referred to as Mt. Gox come to a fiery finish after having misplaced one thing like 850,000 Bitcoins. At that point, that quantity of BTC was 7% of the full Bitcoin in circulation. Talk about centralization. What have we discovered from this one? It appears not a lot, however no less than new options are being constructed and examined, you decentralized exchanges and atomic swaps.
It’s additionally value it to notice that in October of 2013 the Silk Road was shut down, with Ross Ulbricht AKA Dread Pirate Roberts and Bitcoin being on the middle of that mess. 2014 was a yr of Bitcoin preventing dangerous press, attempting to get well from certainly one of its hottest exchanges from going beneath and simply an general uncertainty of its future (no less than that was the story from mainstream media…) 2014 was additionally the yr when enterprise capitalists started taking word and investing in Bitcoin associated corporations and companies with VC investments completely $98M that yr. As of 2018, that quantity has now reached over $3.9B.
It was additionally the yr the place a shift started to alter from pure funding hypothesis to service provider adoption and acceptance as a type of fee. In 2014 that quantity was round 3,000 retailers. Only two years later that quantity would develop to over 100,000 retailers accepting Bitcoin. As for that quantity right now, I couldn’t discover an official rely. If anybody right here is aware of this quantity regarding the yr 2018 or 2019, please share it within the feedback down under!
Also, Bitcoin ATMs started sprouting up in addition to meetups and conferences. Bitcoin was starting to take root within the bodily world.
How has this house modified over the previous 5 years? The explosion of impartial information sources discovered on Youtube, Steemit, BitTube, Twitter and extra. An onslaught of latest purposes of blockchain expertise and cryptocurrencies which can be flipping the script of income fashions for various different industries like social media, farming, and transport to call a couple of. We are nonetheless disrupting the banks and nonetheless studying easy methods to preserve privateness and safety at scale.
We have second and third era blockchains which have taken the concepts introduced to us due to Satoshi Nakamoto and are constructing on them, experimenting with what may be achieved, pushing the boundaries and studying from errors made.
Still suppose Bitcoin and this world of cryptocurrencies is lifeless? With all due respect, I feel it’s time that you just break away from that cyclical mindset and attempt to see the larger image. We are nonetheless right here. There continues to be an extended technique to go however up to now time has achieved nothing however show that the existence of decentralized networks, immutable ledgers, peer to look transactions are a factor of magnificence and one thing that each single particular person can profit from.
What do you suppose is in retailer for us within the subsequent 5 years? What improvements are being constructed right now which have caught your consideration? Leave them within the feedback down under.
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