I love what @choicebyKT does to advance bitcoin. They've been pod sponsor for awhile.
*DYOR. @choicebykt does not provide tax, legal, or investment advice. The contents are for informational and educational purposes only and should not be construed as anything other than that.*
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I recently talked with legendary investor @kevinolearytv about the potential for new institutional money to flow into Bitcoin and the world of crypto.
Mr. Wonderful has been diving down the rabbit hole, and we talked about Bitcoin mining, NFTs, and how regulations are keeping lots of institutions on the sidelines.
@kevinolearytv talked about working with regulators and his own compliance team to take advantage of fixed-rate crypto yields for the first time.
βWhat man really fears is not so much extinction, but extinction with insignificance.β - psychologist Ernest Becker
Becker: Man is driven by an essential dualism.
He needs both to be a part of something and to stick out. He needs at one and the same time to be a confirming member of a winning team and to be a star in his own right.
The faster we move away from random strings of letters and numbers as the default for wallet addresses, the faster we will reach true mass adoption.
Humans are error prone, which is exasperated by having wallet addresses that are difficult for humans to comprehend, share, and remember.
This isn't the first time that we have seen this problem in history.
Historical timeline to know:
1969: ARPANET processes first message
1971: Email created
1983: DNS created
1984: .com domains + 5 others available
1986: Domain registration becomes public
It took almost 20 years from the first message on ARPANET to public domain registration.