Oh! I get it! It’s the same thing, only with “cryptocurrencies” (blockchain).
Daam, I wanted to be first write you (the reader) and ‘Oh! I get it!’.
I agree totally (with the crypto craze). (Article here: VentureBeat)
I was wondering as well, South Korea is solid leader in the blockchain community… huh???? When the hell became number leader in the blockchain community. I’m slowly getting my stroke adjusted, but loads of startup all jumping in, and not just my accelerators and services. Its happening across the field (cryptocurrencies). I am getting 15 to 1 investments, angel investments, and just plain old “Try this service. You’ll like it!” deals just in blockchain/cryptocurrencies.
Blockchain and Korea. How does this blockchain happen in KOREA?
Cryptocurrency/blockchains are nothing new in worldwide (investors). Korea being number one of source blockchain technology. I couldn’t figure it out. I have interviewed a few people, they came up with gambling, youngsters, over speculation, government, money hungry, money hungry led to tech savvy people getting onboard… all of it? But that didn’t quite cover it. And then it hit me.
INNOVATION! That’s what “Innovation” is about all about.
Duh! My brain has gone into stupid mode—-Ah! “stroke-mode”… yah, that what I will call it. Yah… “stroke-mode”. Ahem.
You said it right, Bernard:
“While people in other countries may be hesitant to take the leap on something so new and unproven, South Korea has a track record for quick adoption of new tech offerings — even ones that are truly culture-changing. Koreans created the first online microtransactions and MMORPGs (1996 by Nexon), social networking (1999 by CyWorld), one of the first major VoIP companies (Dialpad Communications founded in 1999), and mobile messaging content distribution (2010 by Kakao). South Korea has also been the worldwide leader in broadband technologies and adoption since the late ‘90s and the leader in wireless technologies and adoption. So it isn’t surprising that South Koreans would move so quickly into cryptocurrencies and blockchain technology.”
That was key point for me.
The pump-and-dump schemes we’ve been seeing with cryptocurrencies, and the short-term mindset many investors in this space have — will pass. Especially once major nations (top 20 OECD nations) launch their own cryptocurrencies and major institutions become truly active within this market. I believe most alt coins will disappear and only the top 10 to 20 will remain, alongside national cryptocurrencies. Then they will become as commonplace as mobile phones and a Neymar injury in a soccer match.
