Bitcoin just stumbled; will Tron (and others) push it out of the way?

We’re in bloggy territory here, right? So, let’s break from an air of reporting and columnizing and just shoot the breeze for a second.

It’s been a while since I last posted. That’s what happens when you welcome a new daughter to the world. She doesn’t sleep much when she’s supposed to, but pretty sure she’s a keeper. Even if she’s already proven capable of firing off biological weapons when diapers aren’t on.

On that note, let’s talk about something else that stunk up the place the past few days.

Just what the hell was the mix-up regarding Bitcoin and Starbucks? I watched the headlines roll out before everybody and their dog blamed the media for a supposed mix-up that first said crypto currencies such as Bitcoin could soon be used for coffee things. Then, Starbucks comes back and decafs everybody by saying you won’t. Instead, you’ll be able to use an exchange to convert crypto into dollars that then can be used for Starbucks.

On a excited scale from 1-10, that news ranked -2009 Satoshis.

What that news also did for me, however, is point out the core issue with Bitcoin – something I hadn’t quite been able to wrap my head around until now.

Everyone wants to see Bitcoin increase in value again, but mass adoption has become the game and nobody knows to make that work with Bitcoin at this point. It’s like they’re just hoping interest picks up again.

Some want it as a currency. Others want it as some sort of investment safehaven like gold or silver. Others still just want to see it get adopted in the general public marketplace. And, there always will be the group that doesn’t care nuthin’ ’bout nuthin’ except for when the next BTC bull will run.

The more I watch, the more it seems there really isn’t a strategy other than wishful thinking that demand for Bitcoin will again go up someday – with a limited supply again driving a huge demand for no good reason at all. Supporters and investors are simply hoping somebody decides to inject Bitcoin into the general marketplace because, “Hey, everybody knows Bitcoin…of course, it will go up again!”

Bitcoin has been the front-runner for a long time and probably will be for a while longer. It had a giant head start. But, other coin and blockchain producers have realized there has to be something behind the currency (and all the value that comes with it) to drive it. It has to be a solution provider.

Ripple gets that like few others. And, so does Tron.

Tron has presented itself as a blockchain solution provider first and foremost – with tokens coming in second. And, in the past year — especially in the past few months — quick digging sees an increasing number of Upside Down-like vines tentacled out from Justin Sun’s creation. Nodes are growing on the system daily, and so are wallets. Businesses around the world are beginning to accept Tron as payment.

As I said on Twitter recently, Tron isn’t trying to be part of “a” system. It wants to be the whole system. The coins are nice because they give investors a chance to grab the moving train, but the real power comes from a fast-building network.

Shit is everywhere, man. And, it’s growing.

So, Starbucks, you want to go ahead and make the next logical grande move to actually accepting crypto for your overpriced drinks? Tron is already making that life easy.

You should look into it.

*****

Have a tip?

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.

Other recent posts:

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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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 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.

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.