Some of the world’s richest have been known to make denigrating
remarks on , comments that stem from their natural inclination to defend
their turf, which is fiat. Kevin O’Leary of Shark Tank, also known as Mr.
Wonderful, recently joined the long list of bashers, to the
disappointment of many of his fans in the cryptosphere. Squaring off with
Anthony Pompliano of Morgan Creek Digital on CNBC, O’Leary tore into ’s
current bull run.
Kevin dipped into his bag of colorful words, lambasting as a “scam,” “digital game,” and “total BS.” He tried to corner Pompliano by asking him what the as an asset class was, asking: “Tell me why this, which is basically a digital game, has any intrinsic value. And where is the long-term value? Just this idea that they’re going to cut the number of units in half is just a scam. That’s just total BS…. I think people should understand: today the hot digital is , tomorrow it could be whatever, right?”
But bitcoin (BTC)
is More than Currency
Pompliano took all the jabs like the champ he is, talking
about the recent interest financial institutions are showing . He told
O’Leary,
“Everything that is new seems different in the beginning. And I think what you have got to realize is that with specifically, money is a belief system. So, the US dollar – the only reason why we use it is we believe it has value. has value because two people who exchange it believe it has that value. And what we’re seeing is the volume. Look at people using it. That’s ultimately what matters.”
Any other crypto user would be content with that Pompliano’s clap
back, but real skin in the game diehards were disappointed that that’s
all Anthony had to say of ’s value. One disappointed fan tweeted
to educate O’Leary that “It will be
easy to create the “next ,” if was just software, but
it is not. ’s network effect includes – Highest quality cryptographers –
Incredibly high hash rate – Best brand recall – Passionate community –
Passionate devs – HODLers of the last resort.”
It is Standard
Setting
Amongst its many other strengths, ’s platform has the
highest hash power of all crypto, which makes almost impermeable to 51 percent
attacks. And who has not heard of the king of crypto? In truth, most other ride on the
king of crypto’s coattails, also falling when it does. As vain as popularity in
face value might be, brand recognition can bring success. is globally
recognized and is also very much accessible.
Today, ATMs are popping up all over the place globally,
making it the most accessible to deal with. The king is also the
industry standard. There are tons of tech experts and innovators around the
world, using the to build solutions to real-world problems.
Roger Ver, also known as Jesus, turned to the Cash camp claiming that BCH has the correct Satoshi protocol. Not so, if all the issues surrounding it were to be considered. Recently during the BCH network’s upgrade, the platform temporary stalled due to a mem-pool related bug.
The glitch paralyzed the network’s block generating protocol
filling it with 10 empty blocks consecutively. believers say that just
as there has never been a ‘next Linux’ so will there never be a “next ”.
Published at Thu, 16 May 2019 12:13:57 +0000
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