Crypto, Reflections

Crypto Winter? What’s Web3?

Shucks, I know that feeling of a downward falls after going through that high peak and stuff. My portfolio suffered and I decide to shut off the app and come back in another 5 years. šŸ˜

It’s obviously a coordinated move by the institutional and with all the geopolitical stuff happening, this hit was exceptionally bad. However in Crypto, the other way from down is up so give it some time, the bounce back will be real. #HODL

As I took a break from the intense rat race, I realised a few things that there’s a paradigm shift from the concept to creation and many focus too much on the hype instead of what the exact values it can bring.

I came across a few projects and while chatting over dinner with D, Martin and 2 business associates previously, we spoke about the essence of Web3. Alot of people have the misconception about it bring just a digital economy focusing on virtual currency.

I personally feel its more than that. Blockchain is a technology that highly emphasized on being a trusted and secured network. Note the difference yeah~ D’s POV is that it’s decentralized, no monopolization of regulators making it a fair and unbiased view. I think it’s very important and it’s a huge step to leap, be it from a technology perspective, a hedge fund perspective or anything else in particular. šŸ™‚

Am looking forward to it as the new generations are a generation who are more open minded with decentralized economy as compared to other generations.

Winter or not, it’s really HODL and to phase this out with time and a wise eye.

Crypto, Rants

OPINION: China’s role as the leading blockchain-powered Nation.

Opinions are my own.Ā 

On 25th October, $BTC spiked and major uptrends can be seen for some anchoring coins perhaps largely due to the #FOMO mentality as President Xi announced that China should seize the opportunity of blockchain, egging on to be at the forefront of the race.

And everyone in the industry knew for the fact that cryptocurrency is banned in China however cryptocurrencies are strongly backed by blockchain technologies. It’s somehow linked as majority of the successful decentralized applications (DApps) are either found in China or US.

It’s a good breakthrough as it meant that more companies, especially the major corporations would explore the usage of blockchain technologies as many are afraid to take that bold step when the blockchain technologies are mostly in their infant stages.

At this present time, there is still a lack of successful use-cases to validate. With support from key leaders, the key of confidence is then injected and definitely, a boost is seen.

The future is hopeful, at least with the current factors and the boost. šŸ™‚