Crypto industry has the ‘Tutes?

Crypto media foolishly mixing it up with readers (and later apologizing). An old, crusty, crypto-dumb politician who has your best interest at heart and isn’t hypocritical at all yelling at a crypto dog to get off his paper money lawn.

Boy, it’s been a bit feisty lately in Crypto world lately.

So, how about we break off from that a bit and focus on a bit of interesting discussion that appeared via the Twitters on Thursday:

https://platform.twitter.com/widgets.js

The article in that tweet — Institutional Investors Brought In 56% Of Capital At This Bitcoin (BTC) And Crypto Management Fund — doesn’t really need explanation, does it?

Whale talk, to me, has always seemed to conjure dreams of shadowy figures in dark corners of the Internet. Not really because I think those folks are bad people (unlike @BradSherman, who you should Tweet…he likes that), but because I couldn’t ever be sure of who or where the funds were coming from.

That’s all changing.

The Crypto world has the 'Tutes

 

Crypto discussion this week wasn’t happening just on Reddit, or Twitter, or Facebook among enthusiasts. Instead, hearings happened on Capitol Hill. The SEC just got an open letter. Crypto also has shown of late in government white papers in the United Kingdom as a solution. It’s popping up as a payment option in Iranian hotels and Spanish taxis and coffee shops. India has a Supreme Court fight on its hands. Malta wants to be “Blockchain Island”. I’m not giving up my campaign of Taylor Swift becoming the face of Tron. (RT this article to @taylorswift13 … tell her she should.)

The conversation feels so different now compared to before, when it was “oh, what’s that coin over there? Why’s it worth so much?” It’s now, “How do we, as ‘X’ nation, use the technology and currency?”

Real questions + real discussions = eventual real answers and adoption.

Jesus H. it feels nice to say that out loud.

Feels even nicer to know, if we go back to that referenced tweet graphic above, that governments are having those talks not because they want to, but because they are being asked to. It’s being demanded. All the way down to something specific like ETF funds. Big, fat, hairy, swinging institutional money wants in, in earnest, so it is demanding structure from the politicians it helps put in those seats.

So yeah, Crypto has a deep rumbling in its belly. It definitely has the ‘Tutes.

And it feels like it’s just a matter of time before sh….uh… profit winds hit the institutional fan.

*****

Have a tip? 

Or, what topics would you like to read about as we all grow with Crypto and Blockchain? Shoot an email to kitchenski@gmail.com with “Blog idea” in your subject line, or find me on Twitter at twitter.com/curtiskitchen. And, FULL DISCLOSURE: I am a Tron (TRX) investor. I am not a financial advisor. This content should not be used as a base for or considered to be financial advice.

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Dear Taylor Swift, your music rights unicorn is alive. Its name is Tron.

Dear Taylor,

This letter probably comes 3.5 years too late, but better late than never, right?

In the middle of 2014, you asked Wall Street Journal readers where the music industry would be in 20, 30, or 50 years. You opined that “music should not be free, and my prediction is that individual artists and their labels will someday decide what an album’s price point is.”

Taylor, you finally have a way to cut through the noise of piracy and artists not getting what they deserve. That way is Tron.

You were willing, at that point, to be the example in your industry by pulling your music off of Spotify. (We also know you went back on that later, but hey, business happens.)

Your point was solid then, and it’s better now. Why? Because the technology you, and all artists, desperately wanted and needed in order to protect what’s yours – and be paid for it – now exists. It’s called Tron. (Hollywood is watching after Tron bought BitTorrent, if you hadn’t heard that.)

What does Tron do? It cuts out middle men. It lets you sell your art directly to your fans at the price they and you deserve. It cuts down piracy, finally.

You need Tron. It has the scale to handle your fan base’s requests. It has smart contracts that leave you in control of pricing – and getting paid for every download. It is a blockchain system built for the entertainment industry. It is the content unicorn you dreamed about years ago.

And Tron needs you. You see, because you were smart enough and brave enough to buck the system in 2014, and because you are you – a transcendent, world-loved, public-reaching icon – you are the perfect person to take Tron to the larger general public. Right now, Tron founder Justin Sun is doing great work as a marketer, but he’ll never have your appeal. For many reasons.

This is the cause you picked up in 2014. This is your chance to drive the point home with a real-life example of how things could be so much better for artists going forward.

This is proving to remaining doubters how serious this is to you and how you are a true industry leader.

This is your moment.

There’s no way around calling it one, but I didn’t write this to be a pitch letter. I wrote this as someone who sees a way for you to carry your flag up the last part of the hill. You started this thing. You finally have a way to finish it, and finish it in only a way that you, Taylor Swift, can.

As a content producer myself, I’m pulling for you to do so.

Sincerely,

-ck

****

Have a tip? 

Or, what topics would you like to read about as we all grow with Crypto and Blockchain? Shoot an email to kitchenski@gmail.com with “Blog idea” in your subject line, or find me on Twitter at twitter.com/curtiskitchen. And, FULL DISCLOSURE: I am a Tron (TRX) and Ripple (XRP) investor. I am not a financial advisor. This content should not be used as a base for or considered to be financial advice.

Hollywood eyeing Tron/BitTorrent?

“The old guard are following events, and watching carefully.”

A few weeks ago, the public general reaction to Justin Sun and Tron purchasing BitTorrent ranged on a scale from “BitTorrent is still a thing?” to “What’s a Tron?”

Within the blockchain and crypto communities, however, the move created one hell of a buzz.

In that excitement, Tron loyalists have begun digging into BitTorrent’s history. What they are finding are loads of examples of exactly why Justin Sun made it a priority to add not just any peer-sharing apparatus, but this one. 

Some of what was uncovered in recent days:

– Though it made news this past week by visiting with Sun, Twitter was on board with BitTorrent … all the way back in 2010.

– So was Facebook.

– At its core, BitTorrent’s Paygate service in 2014 was headed in the right direction for putting a lot of money back in the pockets of artists.

– And, an added bonus for you: Want to know why the Tron/BitTorrent match is absolutely perfect? Read this 2014 piece from the Harvard Business Review and keep Tron in your mind as you consider the article’s final paragraph.

Putting ALL of that aside, it’s no secret that Hollywood itself knows BitTorrent’s potential power. It also has been watching BitTorrent’s move. “The old guard are following events, and watching carefully,” a Hollywood production insider told me.

It all has brought legitimacy to Tron’s stated larger vision of decentralizing the Internet and putting creative control back fully in the hands of entertainment creators.*


*If you’re new to this concept, do you know Taylor Swift? She famously wrote an opinion piece for the Wall Street Journal in 2014 and in it said:

“It’s my opinion that music should not be free,
and my prediction is that individual artists and their labels
will someday decide what an album’s price point is.”

Swift was almost right, except, with Tron’s smart contracts abilities, an artist wouldn’t even need the label if they didn’t want to go down that road. Thinking of her words now and pairing her thoughts with today’s Tron option…

Taylor Swift, with her iconic stature, is the unlikely mass-appeal hero that Tron needs and should use to break through to the general public.


But, even still, there seemed to be a large amount of doubt circling Justin Sun’s project – reflected in Tron’s trading price, not to mention in the confidence of pump-addicted detractors willing to share their well-reasoned, logical thoughts via Twitter.

Their issue, of course, is that they don’t, won’t, or can’t see past Tron as anything more than a cryptocurrency. That’s a shame because they’re missing the point.

According to digital content producer Robert S. Seppälä, Tron’s nabbing of BitTorrent is the real deal-maker – far ahead of the Tron token that so many one-pump chumps are hoping to cash in on.

“I agree the ]TRON] currency is cool, but beyond the bean counting, I believe it’s the content and entertainment delivered in the future that will drive this new world of decentralization through Tron,” said Seppälä, who is producer, director, and writer for EverTell. “It’s exciting.”

From many accounts, he’s not alone in that thinking.

****

Have a tip? 

Or, what topics would you like to read about as we all grow with Crypto and Blockchain? Shoot an email to kitchenski@gmail.com with “Blog idea” in your subject line, or find me on Twitter at twitter.com/curtiskitchen. And, FULL DISCLOSURE: I am a Tron (TRX) and Ripple (XRP) investor. I am not a financial advisor. This content should not be used as a base for or considered to be financial advice.

Why people believe in Tron – in their words

Earlier this week, I asked people on Twitter why they believe in Tron. I asked because while I have my own reasons, I wondered if there wasn’t something else I was missing.

I knew I was missing out on something because I’m not an investment professional, and I’m not a developer. Those types of folks, I assumed, are attracted to far different aspects of Justin Sun’s product than I am, even if we all share some level of hope to see an investment take off.

Personally, I’m a big fan of what Tron promises in terms of eliminating middle people and paying content creators directly. I love the entertainment industry and the vast content publishing landscape that now exists. But, I’ve seen how badly some creators have been gouged when the full rights to their own literature, songs, videos, etc. have been compromised as a trade for publishing on centralized platforms. So yeah, something like what Tron is selling interested me pretty quickly.

What I’ve come to realize, though, is that the real enthusiasm I have for it and several blockchain companies stems from their visions and missions. Those that haven’t really established a long-term plan, or those that literally had a plan to fork and that’s it, I’m not drawn to as much. Other people are, and that’s fine. I need more.

How are you going to change my world and everyone else’s? Better entertainment apps? Better financial systems and faster transactions? I get full ownership of my content?

I don’t necessarily want more than a working knowledge of the technologies behind blockchain and crypto (though, it is really stinking cool once you get used to it). I want you to tell me what you’re going to do with it.

And, gauging by many responses I got to the question, “Why do you believe in Tron?”, the platform (and others) are speaking to a growing number of others also – and not just with the allure of financial gain.

See for yourself:

People are stoked for a host of individual reasons. So, here’s to you, whoever you are, getting whatever it is you hope to get from the quickly evolving crypto world.

****

What topics would you like to read about as we all grow with Crypto, Tron, and all the rest? Shoot an email to kitchenski@gmail.com with “Blog idea” in your subject line, or find me on Twitter at twitter.com/curtiskitchen.

FULL DISCLOSURE: I am a Tron (TRX) and Ripple (XRP) investor. I am not a financial advisor. This content should not be used as a base for or considered to be financial advice.