Welcome back to another intriguing chapter in the life of Revain. While there was quite a lot of interesting stuff going on in the wild and wonderful world of crypto, we have also been busy. For one, our site layout has changed, in case you haven’t noticed (we always try to look our best for you).
For those who missed out on our news, the version 1.0 has recently been out of beta testing. The platform is now fully blockchain-based. Revain AI which is developed by our data science team checks the reviews, filters out poor-quality reviews and makes good ones eligible for rewards.
There’s been quite a lot of work going on and things are pretty exciting on our end, although, if you’re into clickbait texts, you’ve probably heard quite a lot about the prices in the market leveling, which could be a sign of the market bottoming out. We’re not going to try to avert your gaze from those of little faith. After all, studying every angle is what fair journalism is all about. So if you’re looking at articles that claim the doomsday for crypto is already here, no disrespect to the authors. Just notice that we have seen many (many) articles like those on our long journey. Some of them even come from Forbes and date as far back as 2011, before blockchain started getting used by hundreds of transnational corporations. The article, which has a lot to introduce you to besides from God-awful syntax, tells the harrowing story of the demise of Bitcoin:
“No, this doesn’t necessarily mean the end of the Bitcoin experiment, but it’s a pretty good indication of it. For there are certain things that we want from a currency. A medium of exchange, a store of value, we’d also like to it be liquid and security is important as well. No currency can have all of these features (…) to perfection but a currency which doesn’t have any of them in appreciable quantities isn’t going to last very long.”
Surprisingly, it did. Some 7 years later Forbes puts out “The 50 Largest Public Companies Exploring Blockchain”, and little did you know, “a closer look at this year’s Forbes Global 2000 list of the largest public companies in the world reveals that not only are all ten of the largest public companies in the world exploring blockchain, but at least 50 of the biggest names on the list have all made their own mark on technology first inspired by bitcoin.”
You could even go as far as consulting a genuine expert on crypto if you’re of the opinion that blockchain will live forever but Bitcoin is seeing its last days.
Andreas M. Antonopoulos is one of the world’s best authorities on blockchain (check out his degree in Computer Science and Data Communications and Distributed Systems from University College London). His career would take up twice as long as this article is permitted to be, so we will just summarize his religious dedication to the crypto world as unrivaled by anyone who ever lived. Anyway, you probably want to get to the point already.
Andreas, who, by the way, is one of our favorite lecturers, believes in blockchain just as much as he believes in Bitcoin, and maybe even more so:
“If someone comes to you and says, ‘Do I need a blockchain for my business?’ Ask them, ‘Do you need something that is open, neutral, borderless, that no one controls and that resists censorship?’ If yes, then you need Bitcoin, Ethereum, Monero, ZCash — some open public Blockchain… that expresses these capabilities.”
He also firmly believes that blockchain is not necessarily the most exciting thing about crypto.
“It’s basically a very slow database. The reason Bitcoin is interesting is that it’s not controlled, because it can’t be censored, because it’s open, because a lot of the people involved are very, very weird,” he said. […] If you take all that out, what you’re left with — this Blockchain — is a sterile, inexpressive (sic), uninvented environment; a corporate plaything that has been sanitized of every interesting and left as an empty shell.”
He also warns against Ethereum’s progress that we, the public, and the banks have all come to admire so much:
“But they don’t realize that all of the weirdness is still there[…]. The whole point of Ethereum is to make unstoppable code, applications you cannot turn off — and the reason they can’t be turned off is that they’re decentralized apps — DApps. Why make a DApp unless you wanted to make a DApp that somebody wants to turn off and you want to continue working?”
As you can see, there is much more to crypto than meets the eye, so if you’re going to find out the truth about the inner workings of this ecstatically complex system, make sure you ONLY listen to real experts. And, as always, cross-reference reviews and get only quality information from reliable sources that we have prepared for you. Remember, where you get your information from is even more important than when. Stay in touch and let us know how you’re doing!
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