January 14: Crypto Summary
One of the biggest events in crypto history has just occurred and no one is paying attention.
Gm readers and builders of the new world.
Hope your brew is as good as this edition of CyptoBrew.
Here are today’s market moves:
Here's what you need to know:
A chance for mass adoption
NCR Corp. is one of the most publicly traded fortune 500 companies in US history. They have been traded on the NYSE since 1925 and are worth billions. They are the company behind practically every cash register and self check out kiosk in the world.
Walmart, McDonalds, Starbucks, Home Depot, Wendy's - name a mega business and NCR runs the cash register software for it. Basically the entire global retail and hospitality industries use NCR.
They now plan to offer Bitcoin on all of these devices. Bitcoin payments, bitcoin custody, bitcoin exchange - literally everywhere.
Hyperbitcoinization is imminent and we haven't heard a word about it in the mainstream media yet.
You are the first ones to know about it.
Frens reading CryptoBrew, you are early.
A new way to get into a private club
Imagine you are part of this elite club. It’s top-notch. High connected people all around you. Luxurious lounges and fancy buffet. It’s a private club like The Metropolitan Club in NYC. You meet famous actors and top businessmen and make connections. Life’s good.
To be a member, you pay $5,000 per year, and that earned you the right to enter the building. But when you’re done, you can’t sell your membership. Because it isn’t an asset. It’s just a fee.
Well, crypto changes that.
The new social clubs like FWB and BAYC have memberships that are assets. The assets are NFTs. They can go up or down in price. You can re-sell yours after you’re done using it. It’s a new business model for “membership groups” and they are unstoppable.
Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain
Stablecoin issuer Tether froze three Ethereum addresses on Thursday, holding over $160 million worth of USDT, according to data from Etherscan. In total, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer.
The accounts were frozen at the request of law enforcement. Probably involved in some shady activity.
A DAO to buy back Blockbuster
A decentralized autonomous organization (DAO), BlockbusterDAO, has been formed to bring back our beloved Blockbuster!
We feel this DAO is pretty useful because:
Acquiring film rights is a useful tool for filmmakers looking to finance their movies.
A movie is a digital content that is easily distributed.
A film inspires fandom and community and the community is the core of a DAO.
Film is a traditional industry waiting to be disrupted, where even relatively small amounts of capital and new modes of distribution can unlock new value and creativity.
First studios like Universal got disrupted by Netflix and Amazon Prime Video. Now crypto disrupts the giant streaming platforms in the form of a DAO.
Combine the above points with nostalgic ‘BlockbusterDAO’ and you get a decentralized streaming service that makes a pretty good use case.
Did you hear?
Tesla begins accepting Dogecoin on online store. Displays pricing of several merchandise directly in meme currency.
In 2016, a hacker exploited a flaw in a third-party project called The DAO and stole $50 million of Ether. As a result, the Ethereum community voted to hard fork the blockchain to reverse the theft and Ethereum Classic (ETC) continued as the original chain. Go long on good community, folks!
Research from Visa shows that 2022 has even more in store for mainstream crypto adoption. In fact, a whopping 25% of small businesses in 9 different countries plan to start accepting crypto payments this year.