An article came out January 21st 2019 titled, “Why These Innovators Left Facebook, Google And More For Crypto”. Microsoft, Airbnb, PayPal and YouTube were also listed in the article. So is it true, “The geeks will find a way, and will become mainstream, it’s not if, but when.? A recent found crypto-related job growth to be outpacing crypto prices.” — Forbes
According to , “The five largest tech companies are collectively worth more than the entire economy of the United Kingdom. Investors value these companies at $3.5 trillion; the gross domestic product of the U.K. was $2.6 trillion in 2017, according to . Only four national economies are larger than the combined tech giants: those of the U.S., , and Germany.
The same five tech companies are worth more than the next 11 most valuable U.S. corporations, a list that includes , Johnson & Johnson and Walmart.” Sounds like a great time to buy worlds most expensive companies! (eyeroll)
Because of these Companies massive profits, The European Union has been trying to impose a “digital tax” (primarily on ad revenues) for some time.
, , and need to be prepared to pony up. European Union leaders were unable to come to an agreement for how to tax digital businesses last year, so now individual member states are pushing forward with their own digital taxes.
The EU has long been frustrated by the lack of unification of digital taxes. Traditional companies pay on average 23% tax in the EU; digital companies pay only 8% or 9%. Low digital tax rates drew many Silicon Valley giants to set their headquarters in Ireland or Luxembourg, where they’d get to preserve more of their total EU profits. Amazon, for example, paid merely €16.5 million on its 2016 European revenues of €21.6 billion.
The initial of a 3% tax on digital companies’ revenues got pushback from Ireland, Luxembourg and Scandinavian states. France and Germany refined the proposal to taxing digital advertising revenue specifically, but talks in December faltered. One major point of contention was that the plan would tax revenues rather than profits. The digital tax negotiations will be rebooted in March.” —
Hmmm. I’ve sure been hearing a lot about advertising lately. ? Are the Tech Giants in trouble? Not if they adopt Crypto and move to decentralized platforms!
“In a major milestone for , the ‘Amazon’ of Switzerland, Digitec-Galaxus, is now accepting and other select as a means of payment.
‘WE WANTED TO DO THIS FOR A LONG TIME’
Swiss of Digitec and Galaxus can now pay with 00 when shopping online. In addition to , other that will be accepted include Cash (BCH), Cash SV (BSV), (ETH), (XRP), Coin (BNB), (LTC), (TRX), OmiseGo (OMG), and NEO (NEO).
“ are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development,” Digitec co-founder Oliver Herren and Chief Innovation Officer. “We wanted to do that for a long time, but the effort was too long for a long time.”
When asked why his company is willing to accept these alternative means of payments, Herren explained: Because you have some and you want to use them. Or because you cannot turn them into real money because your bank does not accept it. Or maybe just because your can and like to try new things.” —
Medium author Michael K. Spencer wrote, “In the past few years consumers and creators are bypassing how the internet used to work.
There’s an increasing momentum towards greater emphasis on peer-to-peer sharing and decentralized governance mechanisms in the business models of the future involving content, Ads, marketing and influencer marketing.
Several new trends depict and content distribution industry that needs to pivot due to:
- Ad-blockers
- Concerns over Privacy online and stricter regulations (GDRP)
- New benchmarks for Ad-Free customer-centric channels (Netflix)
- Ads between video stories that under-perform (e.g. Instagram is less effective for brands than Facebook was in its prime)
As the consumer prefers Ads-free zones and in-app experiences advertising needs to pivot increasingly into user-generated-content, influencer marketing and rewarding audiences, creators and curators more fairly.” —
It’s evident that Crypto is becoming more mainstream in many other countries but what about the U.S.? I’ve heard many people claim the U.S. government just wants to shut Crypto down. I’ll say that’s false as the Joint Economic Committee Congress of the United States published in February 2018, “The 2018 Economic Report”. Read over Chapter 9 starting on page 211.
“Chapter 9: Building a Secure Future, One at a Time”
“Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations.” — Congress
That settles that! The U.S. wants Crypto, they’re just taking forever to get things done as usual. Has me thinking these Crypto ATMs will be popping up just like car charging stations. I’ve seen the chargers in visiting states. Do you think they’re they’ll continue to show up more and more or less and less? This is a pic my wife sent me when she was in Portland, Oregon. She thought it would give me a purple eggplant. It sure did. Crypto ATMs are next!
“VanEck, the major New York City exchange-traded fund () provider with $47 billion worth of assets under management, remains confident that despite its fall from above $19,500 to its current mark near $4,000, “ is not going away.”
Bitcoins Hitting Singles — Not Home Runs
In to investors Monday, the company’s Director for Digital Asset Strategy at VanEck, Gabor Gurbacs, said that rather than expecting a decisive breakthrough or big “home run” for in 2019, look for the industry to continue hitting a number of “singles” with incremental, but major hits:
Gurbacs points to: ’s , states like Ohio for taxes, Samsung Galaxy S10’s , ’s in New York, the expansion of derivatives, NASDAQ collaborations, , and Facebook’s to crypto.” —
“Virtually Certain”
In the meantime, countries like Switzerland and South Korea are embracing Crypto with open arms, beating the U.S. to the punch. Perhaps it catches on here and elsewhere?! Count on it!
“According to fnnews, a mainstream financial media outlet in South Korea, Kakao is crypto for its 44 million local users.
Kakao is the biggest internet conglomerate in South Korea that operates KakaoTalk, KakaoPay, KakaoTaxi, KakaoStory, KakaoStock, and many other platforms that have overwhelming dominance in their respective markets.
On March 18, fnnews reported that following the integration of a crypto by Samsung in the form of Samsung Wallet, Kakao will integrate a crypto into its messaging app to enable casual users to use digital assets on a daily basis.” —
“Google was slapped with another huge EU fine — and investors didn’t bat an eye.” —
Having been invested in Crypto during the peak, I think U.S. stock investors are inhaling the same hopium. I’m a bit confused as to why the U.S. market would boom to new highs when a number of other countries have entered recession. Slow global growth will help the U.S.? Not in my mind I guess. I’m goin’ with opposite of talking head CNBC pumpers. More along the lines of .
I feel I’ve laid out a convincing enough argument that Crypto is here to stay. On it’s way to becoming mainstream everywhere eventually. I’m sure it’ll take several more years, but it’s the continued progress that counts.
I don’t have any money in U.S. stocks except “Crypto Bank” start-up . They’re headquartered in New York but listed on the Toronto Stock Exchange Ventures (TSXV). They invest in all sorts of Crypto/ start-ups. The movement of this stock should be a good indicator of where the Crypto industry as a whole is going. I bought $3,000 worth at $1.60 (just prior to the pop, whoopee).
I’m ready to see the FANG stocks (Facebook, Amazon, Netflix, Google) and/or MANA stocks (Microsoft, Amazon, Apple, and Netflix) take a plummet. These are the sweet little acronyms that talking heads give the “best stocks”. With the exception of Netflix (because I watch and like their original content), I see a massive correction coming. Hopium, cheap interest rates, and Cramers annoying voice (and other talking heads) combined; are what I consider contributing factors in the boom boom talk. I’m not buyin’ it.
Decentralized platforms like Brave Browser will take their market shares. I hear Crypto bashers screaming “IMPOSSIBLE”!
If you read this blog and still come to that conclusion, then I don’t know. Different minds I guess.
Good luck to all! Except Crypto bashers. You can eat a purple eggplant!
Go Bulls!
Published at Thu, 21 Mar 2019 05:58:38 +0000
