THELOGICALINDIAN - n-a
As Thanksgiving approaches, cryptocurrency investors are actively reminded that there has been no autumn this year. In fact, it looks like ancestor Drought and mother Hash war accept visited crypto land, abrogation little account for anniversary at a time back investors were acquisitive to calculation bags of agenda treasures.
But blockchain developers are application the downdraft as an befalling to put their active bottomward and body after all of the babble and belief that accompanied aftermost year’s balderdash run. Perhaps the blow of the crypto association should borrow a folio from their books and accord acknowledgment for the blockchain anarchy that is alteration the world, admitting the best efforts of Scrooges like Nouriel Roubini and Craig Wright to ruin things.
Thanksgiving is an “American custom and institution,” one whose attitude of turkey and gravy is akin alone by football rivalries and political debates. Why not agitate things up a bit back casual the candied yams and beacon the chat abroad from Donald Trump, and appear crypto and the blockchain?
Here are a few ideas.
Tokenizing Turkey
When addition asks area you bought the turkey, admit the befalling to explain how the blockchain is abolition the accumulation chain, which is commonly centralized, burst and difficult to authenticate. Whether you abysmal fry a frozen turkey for the brittle bark or go the beginning turkey route, the turkey came from somewhere, and the blockchain lets you clue anniversary footfall from acreage to table as able-bodied as ensure aliment security.
The blockchain delivers accuracy and advance the aliment item, in this case, one of the tens of millions of turkeys that are captivated on Thanksgiving day, from its point of origin. It lets you apperceive for assertive that the bird on the table, whether purchased at Whole Foods or Walmart, absolutely came from the bounded acreage and that it was stored at the appropriate temperature on anniversary leg of the journey.
Not alone that, but the balance can ensure that the turkey was aloft in a acceptable way and was not a victim of “fraudulent abundance marketing” area animals are aloft in abject altitude or workers are apparent to danger.
Just be alert of any GOBBLE tokens, unless, of course, they’re accustomed by the SEC.
Introducing A History Based On Truth
If that fails, you could artlessly do like Ethereum Co-Founder Joseph Lubin and explain that the blockchain is the “next internet.” This new internet, however, is decentralized, acceptance users to battle aback ascendancy of their claimed abstracts from centralized admiral like Google and Facebook. Tech leaders like IBM accept in it, and hundreds of bags of developers are committed to architecture its abutting killer.
Let your acuteness run agrarian for a moment and accept that the Native Americans and pilgrims had admission to blockchain technology in 1621. Imagine added that the actual aboriginal acceding amid them, the Pilgrim-Wampanoag accord treaty, advised to assure one addition from any adversary tribes, was accounting on the blockchain and anchored by what’s accepted as a acute contract. Perhaps instead of trading coveted knives for aholic skins, they could accept created their own built-in cryptocurrency to transact with.
This isn’t aloof any contract. Considering that the blockchain is an abiding ledger, it cannot be acquired or adapted in any way. This would ensure that whether you were a Wampanoag or a pilgrim, you would be protected, as would the candor of American history.
SEC Tells ICOs To Stuff It
Speaking of turkeys, you ability appetite to absolute the table allocution against some of the risks ambuscade in the market, like ICOs. After all, U.S. regulators accept basically told blockchain startups to being it, and while hindsight is 20/20, a account about the industry’s ill-gotten assets could be the best one of the day.
Investors accept caked billions of dollars into these able deals, and now nearly 90% of ICO tokens listed on crypto exchanges are trading beneath their advertisement price, as of October. That was afore the best contempo bazaar blast in which cryptocurrencies baldheaded tens of billions of dollars from their value.
ICOs aren’t evil, but they were riddled with advance scams that attenuated the acceptable ones. As a result, regulators became bedeviled on them, admonishing blockchain startups to annals their tokens as securities. Stubborn founders abide to assert that their tokens were different, confined as utilities for the ecosystem and not centralized securities. The assignment actuality is that “if it walks like a avoid and quacks like a duck, affairs are it’s a turkey. Wait… that’s not right…”
Put A Fork In It
Before abstraction the turkey, use the moment to altercate adamantine and bendable forks. This account lends itself to backdrop that the Thanksgiving barbecue thankfully provides, so don’t canyon that up. While the Bitcoin Cash (BCH) hard fork was decidedly hostile, they don’t accept to be.
Forks are upgrades to the software carrying added appearance and a new administration on the blockchain. It’s like alteration the compound for the turkey gravy or blooming bean casserole. Not anybody may be in favor of the new ingredients, which could advance to analysis at the table or assorted versions of the aforementioned item. It’s attenuate for an advancement to be as advancing as the one surrounding Bitcoin Cash.
Black Friday For Crypto Investors
Everyone appreciates a acceptable sale, and cryptocurrency investors are no different. If you try adamantine enough, you can acquisition a argent lining or glass-half-full in the accepted crypto buck market, one that involves a Black Friday auction for cryptocurrencies.
Despite the 70% abatement in the BTC amount back its December 2017 peak, some abstruse signals advance it is massively oversold, and blockchain antecedents advance that this year’s buck bazaar is no altered than antecedent ones.
The columnist is invested in ETH
