New York City is doubling downon crypto despite the bitcoin bear market. The NYC Economic Development Corp. opened a 4,000-square-foot Blockchain Center on Thursday (Jan. 10) amid the Crypto Winter. Why? Because the EDC is in it for the long haul, says an executive.
“We are playing the long game,” Ana Arino — the chief strategy officer at the EDC — told Bloomberg. “It’s a nascent technology, so there’s bound to be uncertainty around this evolution from year to year.
While we don’t know what the future holds, we want to make sure we have a seat at the table shaping it.
Article posted 10/01/19 (link: https://www.ccn.com/nyc-bets-on-crypto-opens-4000-sq-foot-blockchain-center-amid-bitcoin-bear-market)
This is fantastic news for us who have fundamentally believed in the tech and/or envisioned #BITCOIN & #Blockchain playing a pivotal role in the future of finance
It’s also a key indicator that while for over a decade; NYC (in particular, #WallStreet) has made great strides towards disparaging & discrediting blockchain/crypto. There’s no denying it’s absolutely unique, invaluable & monumental intrinsic value. It is that same tech which allows for #cryptocurrencies to exist; how they can be fungible, malleable, scalable, and operate as a global economic disrupter 24/7
However there seems to be a common misconception amongst those new to learn about Blockchain.com & FTX — Cryptocurrency Derivatives Exchange.
While it is true that blockchain can exist without crypto; it is not true that crypto can exist without blockchain. For without blockchain; #crypto is merely no different than PayPal. A digital, centralized asset. It’s the cryptography & genius level transparency, tethered to no central banks, that makes #blockchain fundamentally unique & provides that level of value to the community & market as a whole.
With that being said; I recently attended a seminar introducing #blockchain hosted by a phenomenal educator at the New York Blockchain center. In the lecture; a packet (courtesy of #NYCbigAPPS) that is, IMO, invaluable in that it sums up (better than I ever could) what #blockchain is.
Peace & Love.
P.S. For you Forex traders out there; the market is very choppy, lots of volume with over 10 billion in & out of total global circulation in just under 48 hours. It’s also extremely volatile.
Remember NEVER to Fear Of Missing Out or fud — make your decisions wisely and use a calculated methodology.
If you need one to start, I suggest you check out my 10 Crypto Commandments (URL below and in another publication)