Let me make it clear in no uncertain terms that cryptocurrency investments remain highly speculative. They do not have a track record beyond the tip of one’s nose and their use cases as well as the decentralized applications that are being built upon them continue to remain uncertain. That having been said, they also represent the greatest potential and possibility for technological revolution this side of the invention of the internet and no, Al Gore did not invent the internet. But just like the internet, cryptocurrencies have also gone through their boom and bust cycle and in this piece, I will examine why when it comes to investing for the future, investors, if they can even be called that, become gamblers in a seemingly never ending race to the peaks of euphoria and the seemingly bottomless fall to the depths of despair.
The theory is attractive in its elegance and simplicity and is the clarion call of motivational-speaking gurus the world over,
Quantitative hedge funds, computer-powered, emotionless and systematic investing has been the flavor for some time. By actively avoiding human, it was believed that quantitative strategies would also dodge Scylla of greed and the Charybdis of fear. As far as we know, algorithms are emotionless.
Let me begin by saying unequivocally that I have no opinion behind the veracity of Tether’s claims about it’s dollar-backed stablecoins. I do not work for Tether nor am I affiliated with any organization which has any commercial or any other form of dealings with Tether. Legal disclaimer out of the way, I just wanted to go at some length about audit firms, their role in the last financial crisis and their inadequacy in performing their core function and why we expect far more from them than they are likely capable of delivering — especially when it comes to something as advanced as cryptocurrencies.
No they’re not lining up for a Justin Timberlake concert, this is Venezuela, where to get a loaf of bread is to endure hours of a special kind of humid hell. This is what rampant inflation looks like.
Deep learning applications for natural language processing have given AI the ability to emulate human perception and cognition and has moved the technology one step closer to perfectly replicating the human abilities.
Although numerous blockchain benefits are providing immense growth opportunities to companies, several risk factors such as security, the nascency of blockchain, and scalability still exist. This forces experts to ask, “how secure is blockchain?”