“It’s Time to Get SUPER RICH! The Next Gen of Crypto Will Be Massive” – Charles Hoskinson #Finance

the Legacy world has spent centuries regulating and optimizing and figuring out how to answer the question who how to adjudicate the question of who the dispute resolution systems and the property rights systems and the transnational agreements the

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency space doesn’t so how do I bring real world Assets how do I build real world businesses in a space that lacks a who I have to invent one a digital who Horton heard the who I need to have

Identity On The Chain so you have to have identity with privacy because the minute you have who you have to decide who gets to know bitcoin’s recent Market volatility influenced by global macroeconomic factors such as the escalating Iran Israel conflict has sparked concerns over its

short-term stability despite a notable outflow of more than $300 million from us-based spot Bitcoin exchange traded funds in early October there are growing expectations for a price rebound as confidence in the text-decoration: none;">Cryptocurrency’s long-term potential remains strong this shift highlights the urgent need for more secure and scalable blockchain platforms to accommodate increased demand this is precisely the difficulty that cardano’s founder Charles hoskinson is solving

according to hoskinson third generation blockchain platforms must evolve Beyond scalability issues to address governance privacy and identity verification concerns Paving the way for broader adoption as bitcoin’s price increases the need for enhanced blockchain infrastructure becomes even

more critical hoskinson’s vision of a digital who leveraging fourth generation Solutions such as private smart contracts and digital identification could unlock billions in real world Assets and bolster Trust the blockchain ecosystem today’s Reliance on trusted

middlemen which undermines decentralization must be replaced with secure identity verification systems integrated directly into blockchain networks as we bring you clips from Charles hoskinson speech please take a little time to like this CashNews.co subscribe to the channel and turn on post

notifications for more CashNews.cos like this thanks and enjoy the CashNews.co what cardano is dealing with right now how do you build a government because you’re not dealing with a simple utility digital gold teleporting Bitcoin around you’re talking about a programmable system so you

have to upgrade that system you have to evolve that system you have to make that system better okay so the third generation comes in and there’s tons of booths all around you see them and they talk about scalability and interoperability and governance you have your squeeze congratulations on

Circle missing anyone you have your aptose you have all of these people alaran salana and yes cardano and we’re all fighting and we’re in the middle part of the third generation and it’s exciting and it’s fun because every time you have a generation you get a whole new scale

of capabilities when you have scalability it means it’s cheap to use the systems for millions of people when you have interoperability it means your systems talk to each other you can truly build an internet of money you can build an internet of

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance that’s awesome and when you have governance it means you harness the wisdom and the capabilities of millions of people throughout the world the wisdom of the crowds suddenly the people building on your system are

your product managers the engineers building daps and defi are the ones talking about how to improve the protocol and grow the protocol the collective wisdom of this is worth billions of dollars of Labor and we get to harness all of that we couldn’t with the second generation and we

couldn’t even possibly tackle the problems we’re tackling in this industry from defi to intellectual property and other things with Bitcoin why everybody’s trying to upgrade it you’ll hear lots of terms like real world Assets okay security tokens Dows

business on the blockchain all these things why don’t we have them it’s like the flying car it’s like Fusion it’s always 5 years away don’t worry trillions of dollars are waiting they’ll come into our industry why can’t we get there because here’s the

problem blockchains are super awesome at public stuff they’re auditable timestamp transparent mutable good great you put it there like a domain name service you put something there like a financial transaction everybody in the world can see it believe it it has an Integrity awesome but what

about the private stuff what do we do with that do you like running a business where all your HR is public you like running a business where all the money in the cash registers is public how many people want all their Google searches to be public show a hands nobody what about Amazon purchases what

about your political preferences what about who you voted for in the election turns out that privacy is kind of part of the deal and every real world application asset business transnational agreement always has two sides a public side and a private side the public side we do well and we’re

starting to master the art of programming it and scaling it and getting it done but the private side is still something that’s not clear and in practice how we’re solving it is the same way we’ve always solved it yeah pick somebody yeah trust you give them the information and you

hope to God they don’t lie steal cheat manipulate so so if you have a blockchain application with a private and a public side and the private side is offchain and centralized do you have a decentralized application no that’s the first challenge the Second Challenge is in the Legacy

Financial world and frankly the real world you don’t have this idea of transactions without identity you don’t have this idea of businesses and no identity Assets and no identity when you see a plot of land what’s the first question you ask who owns that when you

see a business who owns that who something happened who were the people involved what’s the story behind that so where is this in Crypto we have accounts we have utxo we have

transactions and we have metadata but where’s the identity primitive of these types of things Charles hoskinson emphasized the difficulty of emerging real world Assets and Enterprises in the text-decoration: none;">Cryptocurrency space he emphasized the importance of a digital who a blockchain-based identity with privacy and selective disclosure this concept is crucial in Bridging the Gap between the traditional Financial world and blockchain Technology ensuring that individuals

and businesses can maintain control over their data while participating in decentralized systems the fragmented blockchain space promotes competition and perverse incen incentives Charles hoskinson stated that the fourth generation should encourage interoperability reward cooperation and benefit

customers this will liberate trillion dollars in real world Assets allowing for secure medical records sustainable Supply networks and onchain financial Markets the industry

May unite by making this technology available much like Satoshi nakamoto’s Bitcoin let us watch more clips from Charles hoskinson’s speech the Legacy world has spent centuries regulating and optimizing and figuring out how to answer the question who how to adjudicate the question of who

the dispute resolution systems and the property rights systems and the transnational agreements the Cryptocurrency space doesn’t so how do I bring real world Assets how

do I build real world businesses in a space that lacks a who I have to invent one a digital who Horton heard the who I need to have Identity On The Chain so you have to have identity with privacy because the minute you have who you have to decide who gets to know who gets to see who gets to decide

you have to have this concept of selective disclosure so the fourth generation the generation that’s going to merge the Legacy and the web 3 world and bring billions of consumers in really the two big pillars of this is in addition to being scalable and interoperable and having good

governance and programmability and decentralization must have privacy private smart contracts and must have some concept of identity the challenge is unlike scalability unlike interoperability unlike decentralization where there seems to be an obvious path of where to go and how to do that more is

better cheaper transactions faster transactions and trade off the same for privacy when you look at privacy what are we actually talking about like to whom what guarantees do you get what’s the portability of that how do you disclose that how much overhead is required is it private forever to

the end of time is it private for a little while is it private within a certain security model so this is the next Generation as we talk about these things but then there’s also a meta problem in the blockchain space we’ve gone from too few to too many there’s more than 40,000

blockchains there’s millions of Assets all around we all have perverse incentives to hate each other not pay attention to each other dislike each other why because we have tokens you have token a and token B and token C and token D and you put your names in and you go and

talk to these people and if the person owns the token it is virtuous and good and if it’s competing against another token that token is evil and bad bag holding that’s the world we live in and guess what you can never build an economy where people’s Financial incentives are at

risk people no matter what their politics and beliefs are will always default to their incentives it’s a reality of human nature so then how can we build a space that has interoperability and everybody’s working together and collaborating and it’s good for the consumer if the

system by its very design promotes incentivizes and Rewards fragmentation that’s the fourth generation it’s the generation that brings us together it’s the generation that gives us identity it’s a generation that gives us our privacy and for the first time ever allows

blockchains to keep us secret and it’s the generation that opens up the floodgates and allows us to finally have the trillions of dollars of real world Assets that are waiting on the sidelines that require these things to come into the

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency space that is the last generation we need because at that point everything is just iteration this is what’s going to bring esgn with Supply chains and measure the carbon of every business in the world this is

what’s going to bring the financial Markets in because you don’t have to reveal your trading strategies to trade on chain this is what’s going to allow you to have Dows that

live 100% on chain because the Dows for the first time ever can keep a secret and thus a real business can be on chain and and you know what by giving it away to everybody like Satoshi did with Bitcoin just mine it if you want it it means the whole industry for the first time ever has one thing

that they can care about together and agree about according to Charles hoskinson third generation blockchain platforms address difficult obstacles by expanding Beyond bitcoin’s limits as a digital gold to construct programmable systems meanwhile the recent outflow of over $300 million in

funds from us-based Bitcoin ETFs comes after a significant inflow of funds into Bitcoin none;">ETFs in September which totaled $11 billion furthermore the previous 3 weeks had unbroken inflows of $ 1.91 billion since September 13th however the increasing disagreement has sent bitcoin’s price to a weekly low of $6,450 better than expected us payroll figures on October 4th

comforted the market helping Bitcoin ret take the $62,000 Milestone as a result ETF products received $25.59 million in inflows that day despite this recovery the 3-day outflow streak was not entirely neutralized according to #1a73e8; text-decoration: none;">Cryptocurrency expert Ali Bitcoin miners have sold around $143 million since September Ali warns that selling pressure may increase if Bitcoin Falls below the short-term holder realized price now $63,000 this is the average price at which short-term investors

purchased their Bitcoin Immortal a Cryptocurrency analyst believes the shortterm aim should be slightly higher at $64,000 if Bitcoin breaks over this major resistance level it may Herald the

start of a strong bullish Trend meanwhile experts remain bullish on bitcoin’s long-term prospects citing previous Q4 performance an anticipation of us rate decreases despite short-term volatility prices are expected to reach $72,000 or higher soon what is the most significant challenge facing

the widespread adoption of blockchain technology and how can it be overcome please drop your thoughts in the comments below share this CashNews.co and hit your thumbs on the like button thanks for watching don’t forget to subscribe e