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05-10-2018, 10:51 AM
Smart choice. Tokens are too risky for the trouble (execution risk, regulatory risk, counter party risk), lots of hype, and lots of greed corrupting the ICO scene. I don't see that changing anytime soon. The crypto community (investors, VCs, developers, anarchists etc.) are very active on Twitter, due to its anonymity. I follow many of them. Who is just hyping things up to pump the price of cryptos, and who is actually trying to build something is obvious over time.
For public companies dabbling in blockchain, almost all big techs (IBM, Alibaba, Tencent, Google, Microsoft etc.) are very active, especially Facebook (they have entire blockchain division building secret blockchain products, headed by Messenger ex-chief David Marcus).
But there is no one company that is obviously going to dominate this new tech platform yet.
In my portfolio, Square is doing something very interesting by building out cypto wallets and building the Lightning Network on top of it. That would solve the scalability issue of Bitcoins. What's interesting is that they have one of the fastest growing, consumer facing Fintech platform: the Cash App. Do a Google Trend search for "Cash App" and "Venmo"; astounding growth in recent years. That, with Facebook, is a great way to indirectly bet on blockchain tech.
IMO, there is no need to feel the Fear of Missing Out (FOMO) yet. Blockchain tech is too early, the final winners may not even be incorporated yet.
(vested in Square and most other big tech mentions; ymmv)
For public companies dabbling in blockchain, almost all big techs (IBM, Alibaba, Tencent, Google, Microsoft etc.) are very active, especially Facebook (they have entire blockchain division building secret blockchain products, headed by Messenger ex-chief David Marcus).
But there is no one company that is obviously going to dominate this new tech platform yet.
In my portfolio, Square is doing something very interesting by building out cypto wallets and building the Lightning Network on top of it. That would solve the scalability issue of Bitcoins. What's interesting is that they have one of the fastest growing, consumer facing Fintech platform: the Cash App. Do a Google Trend search for "Cash App" and "Venmo"; astounding growth in recent years. That, with Facebook, is a great way to indirectly bet on blockchain tech.
IMO, there is no need to feel the Fear of Missing Out (FOMO) yet. Blockchain tech is too early, the final winners may not even be incorporated yet.
(vested in Square and most other big tech mentions; ymmv)
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger