In spite of the FUD, the cryptocurrency/blockchain industry is advancing at a rapid pace. Each day we come across something new that shows we are moving away from the start up phase to establishing companies that are implementing a strategic plan.
Coinbase is one of the best known names in the world of crypto, being the largest exchange in the United States along with being one of the largest in the world.
During the run up in the price of cryptocurrencies in the 4th quarter last year, Coinbase was able to sign up hundreds of thousands of people. This was a significant boost to the amount of people involved in cryptocurrency. Of course, with the drop in price and all the FUD, it remains to be seen how many of those people are still involved. Neverthleless, Coinbase garnered a great deal of attention.
Now, we see Coinbase start to enlarge the scope of its reach. It was announced that they aquired Earn.com.
For those unfamiliar with Earn, this was a start up that paid people to read emails. In other words, if a company wanted to target an individual, it had to pay (usually in Bitcoin) for the read. This was a revolutionary idea of how to stop spam. Opt-in email might end up taking off over time.
As I wrote this morning, each time we see something like this, it is another feather in the proverbial cap for the cryptpcurrency industry. There are so many possibilities for blockchain that it is mind-boggling. People really need to ignore the FUD and focus upon the establishment of an industry that is poised to disrupt most existing structures.
Blockchain is the Internet on steroids. As big as the Internet was, picture something 100 times more powerful. That is the keg we are sitting on.
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