Inventor Of Smart Contracts “Central Banks Will Hold Crypto” - Nick Szabo
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On today’s episode of The Cryptoverse…
How cool would it be if in-game Gold tokens where tied to real Gold? That might be coming.
Bitcoin took a sudden hit on the 6AM candle, we’ll look at that.
Now that Ethereum Classic has experienced a 51% attack, we’ll look at the probability of this happening to Bitcoin, including some figures provided by Bitstamp.
The Ethereum hardfork upgrade is coming in under a week, so pay attention to this, which i think is the next major event in crypto.
The Yuan may end up being forced into being backed by Gold.
And Nick Szabo, the investor of smart contracts is of the opinion that central banks will start holding Bitcoin as a reserve asset.
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The ETH Scale will not only impact ETH but all the ERC-20 tokens that run on it. This correlation should make a major news impact, and that also helps adoption, buying, etc.
I surmise that buying pressure right now is extremely low for BTC (pending ETF) and ETH (pending forks). Once those are relieved, perhaps buying interest will increase.
3 day trial for the classes is a great idea!
Possibly. Especially when major currencies will be cryptographic, and I guess they will hold some "free market" coins too. That seems like a natural development to me.
Ethereum scaling to the potential you mention could be a catalyst for more adoption as plenty of development continues to happen in their ecosystem. I would assume a downstream impact to blockchain in general once that happens. Given the bitcoin mining rewards also being reduced next year, it could be a multiplier effect!
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I hope he is right. Crypto is the future for sure, but we must wait still a bit, maybe a lifetime :-) maybe less.