Salesforce better not be a “blockchain, not Bitcoin” company: 3 To The Moon, 3 Rekt
Hit us up on Twitter @UncryptWill and @Uncrypt_Vlad to let us know what you think. Also make sure to check out our podcast, Sunset Crypto, now streaming on SoundCloud, iTunes, and Google Play.
Sunset Crypto update: The goal is to get you not one but TWO new episodes this week, so stay tuned.
People are starting off the week by getting all excited over Salesforce CEO Mark Benioff’s announcement that his company is going to work on a blockchain and cryptocurrency solution. Good, great, grand, wonderful!
Slow your roll, cryptoids. At this point, any company that doesn’t at least explore a blockchain solution of some kind is turning a blind eye to something that could render its business completely useless. The point is, rejoicing over Salesforce tinkering with blockchain is like getting excited that you’ve convinced your friend to eat in order to survive. It should be pretty standard stuff at this point.
All the excitement-tempering aside, I have Salesforce in my TTM category for a reason! Scroll down and find out why.
To The Moon
Expect a lot more stories like this in the months ahead. The smart money is going to start to see the long value of crypto, which will clam skittish retail investors and push prices up with strength. Volatility is going to be there for a while, but stories like this one are steps toward a more stable future for crypto.
Perhaps the only downside here is that the already-rich are taking control of crypto during a time when the upside is at its highest, which goes against the whole “helping the unbanked” thing. Freaking buy Bitcoin, people.
I’m not sure if Zcash is really the coin to save Venezuela, but it’s a hell of a lot closer than the Petro. This is what gets me fired up about crypto — seeing projects go beyond shady token economics, flimsy value propositions, and fiat returns to actually make an impact. It will likely be tough to skirt some of the evil tactics employed by Maduro to really improve Venezuelan lives — I’m not sure how crypto alone solves the problem of the government withholding scarce food and medical supplies from its people in exchange for votes in a sham election, for example — but you can see how it might make a dent in the long run. If people get control of their financial future, they can escape the country and make a life elsewhere. It just sucks to have to take baby steps in a situation so dire.
For some reason the headline only mentions “blockchain”, but Benioff specifically mentioned cryptocurrency as well. I particularly love this because “blockchain, not Bitcoin” needs to die a painful death and I am hopeful that smart people like Benioff refusing to decouple the two take us that direction. Expect other tech companies to wake up and launch their own crypto initiatives, if they haven’t already.
Rekt
Um, you sure about that? Lightning Network is a solution designed to help Bitcoin (and others) scale. That’s pretty clearly not an altcoin or a coin of any kind.
Apparently they’re not that sly, because here we are talking about it.
Look, this is really dumb. If you’re a crypto company and you sidestep these rules, you’re putting your fledgling startup right in the crosshairs and you make the whole industry look shady. I’m not necessarily a fan of the crypto ad bans, but knock off the brazen rule-breaking.
I guess by certain standards this should be in the TTM category, but BCH is redefining “rekt” lately. Craig Wright got bullied by Vitalik and now Roger’s deceptive @bitcoin account is getting shut down and re-purposed by Twitter.
Per the below, NBD/KBD.
