Better than bitcoin???Question #5: What makes “the next Bitcoin” better than Bitcoin?
It has to do with the underlying technology, the “blockchain.”
You see, Bitcoin was a pioneer with this technology… however, their blockchain is essentially only usable for currency.
On top of that, as I mentioned in my article up top, it’s relatively slow (taking 10 minutes per transaction vs. 15 seconds for “the next Bitcoin”).
The genius behind what Vitalik Buterin did is… essentially… he created a new blockchain—a “blockchain for everything.”
That’s why IBM, Microsoft, Samsung, and 11 banks are behind this. And why 31 more banks and the Toronto Stock Exchange are looking into it.
With “the next Bitcoin,” you have a new, more secure and efficient way of doing things in countless industries.
You can have a check “clear” instantly instead of in 5 days… You can buy a stock and have it transferred to you automatically instead of in 72 hours… and all sorts of things.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
this is not related but does anyone out there know the whereabouts of Dr. Joe Duarte….I have not heard a thing from him or about him since he put out the bullish report for reasons to invest in ARGS.
If you subscribe, it is on their website with updates on it. If not, you won’t get an update from a Promo unless they tell you how right they were.
Here’s a teaser sent from the Palm Beach Letter sent from Doug Casey:
e’s been called autistic, a prodigy and even the next Steve Jobs.
But whatever he is, Vitalik Buterin, a Canadian programmer now living in Switzerland, has just developed a secret “currency alternative” that could let early investors turn every $200 placement into a rare, once-in-a-lifetime return of $6,850.
You see, Vitalik Buterin isn’t your average 22-year-old.
Vitalik Buterin—
The Next Steve Jobs?
In 2013, Buterin took a page out of the Steve Jobs playbook and dropped out of college.
A year later, he won a $100,000 fellowship from billionaire PayPal co-founder Peter Thiel. Then he went on to win a “World Technology Award,” beating out Facebook’s Mark Zuckerberg.
But despite these achievements, Buterin has remained largely unknown.
That could soon change thanks to a groundbreaking announcement Microsoft just made…
You see, eighteen months ago, Buterin came up with a novel way to improve Bitcoin, the popular digital currency that lets people buy things (and exchange funds) anonymously—without relying on any government or Central Bank-printed money.
Bitcoin went mainstream in 2013 when it shot up an incredible 8,526% in 11 months, going from $13 to $1,157 a “coin”.
The meteoric rise was fueled by the economic crisis in Cyprus, when the country confiscated as much as 47% of people’s wealth via their so-called “bail ins.”
As a result, people scurried to move their money outside traditional currencies.
Bitcoin soared. And a new class of millionaires was created.
“It’s a bit surreal,” writes Robert S., one of the new self-described “Bitcoin Millionaires.”
“I have used a small portion of my holdings to buy a small house,” writes another one.
The “Bitcoin Porsche”
Once an underground currency, Bitcoin is now accepted by over 100,000 merchants worldwide, including Amazon, Target, CVS and Subway.
People can even buy groceries and cars with it.
In fact, according to Business Insider, a businessman in Texas parlayed a Bitcoin “starting stake” of $1,200 into a $39,000 Porsche.
“I think it’s fantastic,” said 12-term Congressman Ron Paul.
It’s “better than currency,” declared Bill Gates.
And billionaire Richard Branson added, “People have made fortunes (with Bitcoin),” but also cautioned “there will be other currencies like it that may
be even better.”
That is precisely what many people believe the young Canadian has just found.
3,900% Better than Bitcoin?
You see, while Bitcoin has gained a large following, it has failed to make substantial in-roads with major financial institutions.
Buterin’s new currency, on the other hand, has already been tested by 11 major banks around the world.
Wells Fargo, Barclays, BMO, Credit Suisse, Natixis, HSBC, TD Bank, RBS, UBS, Unicredit and the Commonwealth Bank of Australia have all given it a try.
And another 31 banks, including J.P. Morgan, Bank of America, and Citibank are looking into it.
“This is a very exciting development,” said David Rutter, the man in charge of the banking project.
Tech giants have also joined in, with IBM, Samsung, and Microsoft all setting up recent partnerships with Buterin.
According to Marley Gray, Microsoft’s Director of Business Development, a big reason companies are choosing Buterin’s technology is because it’s 40 times faster than Bitcoin.
40 times faster.
What does that mean?
Well, say you want to cash in a check at a bank.
As you know, it can take anywhere from 3 to 5 days for that check to clear.
That’s because the way our current banking system is set up.
It’s essentially using “old plumbing.”
With digital currencies, however, it doesn’t take nearly as long for money to clear.
For Bitcoin, it takes 10 minutes.
But with Buterin’s new currency, the same transaction takes less than 15 seconds.
It’s almost instantaneous.
That’s why everyone is jumping all over this—Speed is king. And for these billion-dollar companies, minutes matter.
In fact, even the $2 trillion Toronto Stock Exchange is looking into Buterin’s currency.
“It’s exciting,” says Anthony Di Iorio, the exchange’s Chief Digital Officer.
Thanks Archives, I just read the same pitch from Palm Beach Group/Letter at $99/yr for the name and way of buying this new mystery “Bitcoin 2.0” and was looking to my fellow “Gummers” for the secret info as don’t need another Newsletter bill (except for Travis of course! and I DID donate to his bike riding fundraiser!) Never quite understood Bitcoin and figured the US Gov would eventually outlaw it and am still confused as to whether it is even a viable currency or investment. (Reminds me of a “MLM set up, if you get in early, make money, too late, good bye money!)
Any ways, does anyone know the name of this new Bitcoin and how to buy/invest in it? All member’s comments and opinions are always welcome and appreciated. I’d consider throwing a $1,000 at it if I thought it would do what Bitcoin did (and then get the hell out right when it maxes out!) Looking for any good insights, opinions and if I did buy into it=how do you purchase it? Where? How do you keep track of it’s value? As mentioned, didn’t pay much attention to Bitcoin but can now see that money can be made in “fads” so long as you time them right. BTW, don’t even know the true name of this new “Bitcoin 2.0”!