Should I buy ethereum now
or wait in this video on,
I talk about the seven reasons why you
should be buying ethereum in the next few
months and so on. But please don't
take this as financial advice.
It's just my personal opinion and why I
believe that this technology has got a
lot of future. So let's jump right in
into the seven different reasons why.
ethereum is a good investment,
we'll go over quick the highlights and
the points that want to go over in this
video. First of all,
the technology is new.
What is the adoption curve? Understanding
where we are on this adoption curve,
the concept of ethereum as a world
computer ethereum unlocks tokenization.
It quickly explaining what tokenization
is and what kind of benefits it has for
us as individuals and for businesses.
Then we've got a real world
examples of tokenization,
future growth of tokenized
assets of the next 10 years,
a censorship free application
running on a few year in blockchain.
I think that's also very powerful and
how to make money with cryptocurrency
based taking a few of them. So
we've got a bunch of things,
a bunch of topics that want
to go over in this video.
All the timestamps will be linked
down below in the description.
So I don't want to waste your time.
You can jump ahead and go to those
juicy parts that you want to watch.
So, so have you heard that
the term early adopt a,
an early adopter is someone who starts
exploring and learning about and new
technology and that is not
ready for mass adoption yet.
It's possible that this technology has a
lot of flaws and these flaws need to be
ironed out.
And early adopters often rewarded for
his patients by gaining knowledge early
and by financial gain. So
if you go back in time,
there's many people wishing they would
have maybe bought Amazon or Apple stocks.
And if we go back to the adoption
curve, it's quite interesting.
You've got here the
innovators, the early adopters,
the early majority and late majority
and the laggards. So since a,
still not that many people
invested in this technology,
there's still not many people that know
about, I mean, yeah, maybe you and me,
we believe that many people know about
it because we're talking about it
constantly.
But I think there's maybe 0.03% that
actually hold any crypto currency if you
look at the whole world population.
So I remember how painful it was to
connect to the internet with this the,
the, the, the bibupbidubi sound
connecting to the internet.
And I think the same pain these us, us,
early adopters having when you're
talking about public keys, private keys,
installing a wallet.
And so this technology is here to stay
and evolve over the next 10 years,
over the next 20 years.
And I think that's very revolutionary,
is the concept of ethereum
as a world computer.
So this might seem a bit farfetched,
like out of a space movie of the 80s.
But bare with me,
this is actually something
that's happening right in
front of your eyes where we
can't really see it. But ethereum is
super new, it's like two years old,
three years actually, and it came out
in 2016 and had iron out a few bugs.
You had the Dao hack and so on,
but instead of having internet
applications running on just like your own
computer,
you have to imagine these applications
running on a bunch of computers,
which is on the,
ethereum blockchain and you can compare
those two applications running on your
computer and you may not realize the
potential of having applications that can
run on a decentralized system.
Think this is fantastic.
You can have all right if we,
if we take online gambling sites is not
the best example because they're a bit
frowned upon, but online gambling sites,
if you know that the odds are real and
it's not just a scam website and so on,
I think people like to have websites
that they can trust ethereum unlocks
tokenization.
So we quickly looked at a tokenization
ideas before in the previous part,
and I quickly explain
what tokenization is.
If you're not sure what it is
because just hearing about it,
it doesn't really explain a lot
about what it is and how it works.
Tokenization is a very highly effective
way of saving private data without
giving all this data to other people.
But other people can know that this
data belongs to you without knowing the
important information. So as an example,
if I want to tokenize my car,
I can put all the information
about the car when it was serviced,
the VIN number, the when it
was bought, when everything,
all the information that a buyer would
want to know about his car can be stored
by the car.
And also my personal information
can be stored in the car.
But I just wanted to say that this car
belongs to me without giving all this
information to other people.
So that's how tokenization can also help
keep all of this information secure and
private. Because I can choose who
I share this information with.
We've got tokenization of important
documents such as birth of health
certificates, degrees, reference
letters, contracts and so on.
And yeah,
the already different companies that
are using a tokenization for degrees
actually in Basel, Switzerland as
the university of Basel that is,
and they've already tokenized a few
degrees and save them on the blockchain,
which allows companies to verify the
information a lot easier and that saves
companies a lot of money. Then you've
also got the tokenization of mortgages.
This will allow people to invest in real
estate until now you've needed a lot of
money to enter into real estate.
Depending on where you live,
buying an apartment or
house is super expensive,
especially if it's a in a good location,
but with the tokenization of mortgages,
you can break up this mortgages and two
thousand ten thousand different small
manageable pieces and yes,
selling your part of the market
is going to be very easy.
You could just be sending that token.
Then you changed ownership of the token.
I think this is very,
very good because it allows people
to diversify their fiat holdings.
Having something else without having the,
maybe the massive chunk of change that
would nominated be required with a real
estate investor.
Then you can also have a tokenization
of artworks. It's the same, same area.
So if you want to own a piece of an
artwork, you can split it up. And yeah,
virtual marketplaces for games such as
Counterstrike for a fortnight for a pub,
G mobile,
I'm not sure if the pubG
computer one has a virtual store,
but with all these
different virtual stores,
game companies can actually provide
weapon skins and customization options to
players.
And the players can actually
have these as their own items,
which could be traded in, in this
marketplace. But these items,
they lose value if there's too many of
these items and by being able to track
them, having these items being
unique also increases the value.
Yeah. People cherish their,
their skins, cherish the,
the items that they combined
to customize their characters.
Since they are spending so
many hours in that game,
I think it's only fair to have these
items actually have a value that can be
traded.
It's important to be open minded about
the different types of economies that
exist. Especially if you don't do that,
then you'll be left behind and
many companies are not realizing.
They think that different
technologies are not worth it.
They're just games and yeah,
and that's a topic for another
day. Let's not, let's continue.
So you've always got and
get to be a transactions,
currency transactions over the
internet nearly instantaneously.
You can also use the etherum blockchain
for voting as it's immutable.
You cannot change what is stored
on the blockchain. And you have,
voting is a big problem depending on
which country you're from. There are many.
There's a lot of fraud in elections.
You look at the U S elections, the, the,
the Russian election chines actually
nearly all the elections are tampered with
and I think if you can implement a
good way of electronic voting over a
blockchain, and especially
if you can find a way to,
to hide the, to know that the,
the voting mechanism is real and what
people are voting for is good, but to,
to keep a certain form of privacy
because that's still important.
And yeah, when you,
when thinking about if ethereum will
have a future in the way information is
stored,
tokenization has always been a good
argument for me and I think this is very
important and when people ask me
if I should invest in in ethereum,
I like to talk about the possibilities
of ethereum and the idea of programmable
money as the concept behind this
new transfer of value because you're
transferring value, doesn't
really matter how you look at it,
you're always transferring
value. And I think it's,
it's a very important aspect and
it goes far beyond just the idea of
cryptocurrency. So,
but when I think when people start
understanding the big picture behind
ethereum, they also realize the potential
we'll have in the next five years,
10 years and so on. And I think people
have not really realized that until now.
It's starting but still got a long way.
And if we look at the future growth
of tokenized assets for an indepth
understanding what kind of assets they
use for their estimation and with their
method,
they protect with their method
they project a tokenization
of around 24 trillion
of financial assets in 2010,
27 2027 in my opinion,
2027 is only at the beginning, very
difficult to look much further.
But as you can see, if we've
got this kind of growth,
I don't think it's just going to
stop. It's just going to continue.
So now we continue with censorship free
applications running on the ethereum
blockchain where we've got the
problems with Julian Asage wikileaks,
that has to, had to be put on
the dark net and because yeah,
people don't like few other
people airing their dirty laundry.
And that's why I think censorship
free applications is very important.
We've got a lot of political issues
around the world at the moment.
We've got political issues
in China with Hong Kong,
but also China with Uyghur,
there was one example with a tick
tock censoring one video of a,
of a girl where she started
talking about eyelashes,
but then continue talking about the
problems with the concentration camps in
China with the Uyghur population
and tick-tock removed that video.
So I think it's very important to have
different applications where you can
share ideas, share information,
and have some free speech without
the big power of companies.
Looking at their books and realizing
this video can't be here because it's bad
for our press. It's bad for
our revenue books. And yeah.
So the importance of a censorship free
applications to share information between
people is around the
world. It's very important.
Yeah.
I made a blog post and a video a while
ago about Chinese students storing
information on the ethereum blockchain
and there was a scandal in a Chinese
school and she wanted to post this
information on different blogs,
but these blogs got censored.
She stored the story on ethereum
in blockchain and it went viral.
And I think it's good because no one
could remove that story from the ethereum
blockchain i'll post the link
down below or somewhere here.
Last but not least on this list of
reasons why it's a good idea to buy into
ethereum is making money with
cryptocurrency by staking ethereum.
Now
staking is pretty good and the reason why
we need staking is because ethereum is
moving
from proof of work to proof of stake
algorithm and that means that the
validators have to check the different
transactions and make sure that they're
good and this allows people who have
bought at least 32 ethereum to become a
validator and you can
by being a validator,
that will cost you around 4,800 us dollar
at the moment when with ethereum at
150 us dollars and by staking
you can expect to earn 4 to 10%.
There's a lot more to be said about
staking by i'll keep that for the next
video. Thanks a lot for watching this
video. If you've got any questions,
don't hesitate to leave them
down below in the comments,
there's also blog posts I made about the
whole topic about buying and investing
in ethereum. I will linke it down
below, and if you've got anything,
if you've got any questions,
don't hesitate to leave them
down in the comments below.
Thanks a lot for watching
and seeing the next one.
Bye bye.
