The Blockchain Cryptonian

A Fusion of Public Policy & Cryptocurrency

How are blockchain technologies and cryptocurrencies impacting the socioeconomic and geopolitical landscape of our planet? The Blockchain Cryptonian articles linked below help to answer those questions. Articles with the community icon () in their title are excerpts from exchanges between "ADALove" (the alias of one of EchoBTG's founders) and the Cardano Community. We share these excerpts here to help others see how deeply meaningful Cardano is for humanity and how passionate our community is about using Cardano to restore trust in capitalism and democracy.

If any of these articles are meaningful to you, please send us your feedback and request an invitation to join the Cardano Community today.

How to Survive Cryptocurrency Storms?

Crypto-Storms-echobtg.com

Since the beginning of 2018, the cryptocurrency markets have been on a wild ride. Total cryptocurrency market capitalization reached $832 billion on January 7th, 2018. As of March 30th, 2018, crypto market cap is down to $272 billion, which is a 67% decline from the record highs in January. That seems bad, but it’s not even …

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Can ADA Reach $10,000 Like Bitcoin?

ADA-analysis-featured-image--echobBTG.com

In our Cardano Community, many people have asked: “Can ADA reach the $10,000 point like Bitcoin?” Below is a summary of my responses. Yes, the Price of ADA Can Reach $10,000 and Far Higher. To understand why this is true, we need to understand how asset prices and economic price levels work. The price of any …

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Fiat Currency Graveyard: A History of Monetary Folly

R.I.P. Fiat Currencies -- EchoBTG.com

Living in Denial About the Economy. I still see many Americans living in denial about the fate of the USD. Even when they know that past performance is not a guarantee of future performance, they still say things like “Yes, the 2008 bailouts were bad, but our economy has stabilized and we’ll be OK.” No, …

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Should You Participate in the ADA Economy?

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“How Much Money Can I Make from ADA Compared to Bitcoin?” This is a question we’re asked frequently. The answer to this question depends on many factors (of course), but we can provide some historical data and an analytical framework that we use to justify our own perception of ADA’s long-run value and potential price …

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Is ADA a Deflationary Currency?

Some people are worried because Cardano’s staking rewards system creates structural incentives to save your ADA, which they think might have negative deflationary consequences. Let’s spend a few minutes debunking the sinister myth that fuels this misconception. The Origin of Deflation Propaganda & Fear-Mongering. This fear of deflation is based on over two decades of propaganda …

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Blockchain Patent War Coming

Bank of America has more blockchain patents than any other company on Earth, including IBM, Google, Facebook, and other Silicon Valley tech companies (Bloomberg). JPMorgan and Wells Fargo also have a relatively large number of blockchain patents. And banking corporations in general have already collected a large percentage of total issued blockchain patents. Why? I …

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We Can Fix Cryptocurrency Volatility & Market Cap Confusion

If you take the time to read this post, you will learn three important things: (1) Why cryptocurrency “Market Cap” is broken;   (2) How to fix the “Market Cap” (actually, what to replace it with);   (3) How to resolve the violent volatility that is holding back all cryptocurrencies from becoming truly stable currencies …

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ADA-Bitcoin Correlation Risk

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A member of our community asked: “When bitcoin drops – EVERYTHING drops. Why does it have to be that way?” Thank you for asking such a good and honest question. Many people don’t understand this issue. So . . . . Correlation Risk. In investment portfolio management, there is a concept called “correlation risk.” In this …

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Finding Purpose in Cardano

I am not 100% sure what the ultimate “function” of the Cardano community is. . . The Socio-Biological Purpose of Our Community. Nothing significant in this world can be accomplished without a community of like-minded humans working together at various levels. “Working together” requires an emotional connection based on some set of shared experiences, shared values, …

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Evaluating the EOS Blockchain/Cryptocurrency

I just spent some more time reading EOS’ whitepaper. Overall, I agree that it is no competition to Cardano, but I think we should be more precise in our evaluation of EOS because it’s not accurate for us to assume their blockchain is based on ERC-20. Most of the people in my network are very …

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Will the Growth of the Cardano Community Destroy its Positive Culture?

What will happen as Distributive Ledger tech gains traction? [In other words, will the growth of the Cardano Community destroy our community’s culture?] The scale of a socioeconomic system doesn’t destroy culture as long as the institutional structure of the system is based on fundamentally sound incentive structures. This is one of the reasons why the …

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Dealing with Naysayers

How Do You Deal with Naysayers in a Project or Company? Even when we have a deep grasp of a given technology or domain it’s important to create the conditions for others to learn so that they can eventually grow and contribute meaningful ideas to our community. With that in mind, the following is an …

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Awareness of True Risks & Opportunities

Are We Underestimating or Overestimating Risks? Those who have either not lived through a major financial/political crisis and/or who have not studied the history of Political Economy usually significantly underestimate the risks associated with unstable financial/political systems. In fact, I’ve seen some people in our community dismiss the threats that we face today with comments like …

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Inspiring Kids to Love Cardano

Cardano Campus Outreach Program. We propose a “Cardano Campus Outreach Program,” which would be a perfect cultural fit for the Cardano ethos, which is already highly academic. I’m sure every school would love to have a representative from the Cardano Community give them a presentation about the blockchain in general and Cardano’s unique virtues in particular. …

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Cardano Bill of Rights

It would be useful and inspiring for our community to eventually adopt a “Cardano Bill of Rights” (CBR). The CBR would enshrine the core obligations and restrictions of the Cardano Platform, which would define the relationship between the decentralized Cardano Government and the members of the Cardano Community (defined as all ADA stakeholders worldwide). Of course, I …

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Fixing Broken Incentive Structures

As I observed our Cardano Community over the past few weeks, I realized that we have so many thoughtful and intelligent people, but there’s no incentive structure in place to reward them for the time and energy that they expend when they contribute their ideas to the community. So, I wrote the following: Feedback Systems …

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Life in a Chinese Bitcoin Mine: A Life Devoid of Purpose

I usually try to focus on the good in people and processes, but when I watched this video, it was impossible not to think, “What a grotesque waste of human, economic, and natural resources!” Obviously, these Bitcoin mines create “jobs” and help to feed some families, but a society/economy that creates factories that merely produce “money” …

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CFTC Begins to Crackdown on Cryptocurrency Scams

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Last year we predicted this would happen in 2018 and now the hammer has dropped: U.S. regulators have begun to assert their control over the cryptocurrency markets. From an economic policymaking perspective, this is very big news. (See the first CFTC Customer Protection Advisory.) Many people involved in the cryptocurrency markets are understandably wary of …

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