Another BITCOIN Crash!? Panic? No! Pump in 3..2..1

by birtanpublished on August 17, 2020

hey yo what is going on and what is up with the Chico army and any new soul whoo I like to call a viewer of the tube my name is Tyler the host of the crypto Channel looks like a hippie but blows you away with that talent kind of like

This group of beach bum so I made a big mistake try to see you once my way you know our Alice in Chains it's time for Chico crypto well would you look at

That Bitcoin goes down once again but looking back at the charts we can see that 9k level is a tough support level something or someone is not letting it drop further I wonder what it could be could it be those chunky stones while

Pulling out the Dow Jones over the same time period it reeks of strong correlation pretty much following each other 280 dips pump or whatever you want to call it now keeping only the Dow chart up we can see the liquidity pumps

Each and every time to save the markets this week three times there was a spike this was when the markets looked bleak like they were going down or when they started trading sideways I wonder who could be doing this well we know it's

Blackrock doing that funny business they were hired to do by our current administration save the stock market at all costs which means I don't believe crypto will be going down anytime soon like I've

Been saying let's enjoy the summer of market euphoria while it lasts because come fall things are going to get ugly and ugly quick in my personal opinion but we'll talk about that the closer it comes a fourth of July is coming and

Stocks got to be red-hot for that fireworks you know what I mean it's America's day come this weekend and do you think for one second they would let a significant collapse happen then or even for the markets to look bearish no

Way in hell so short term and midterm to me the markets look great for crypto and I'm buying an opportunity of which I touched on two days ago with centrifuge in their 10 Lake product which takes invoices and mints them as NEP tees and

Companies from their invoices can access liquidity from investment pools by individual defy users as long as they provide our return to the investors which come in the form of token shares in the pools

So the tokenization of assets in the real world like invoices and the digital world like investment shares drop in 10 in centrifuge example is going to be a big wave coming and guess what you don't have to look

Far to see the big wave is coming tokenization is on the top of tech powerhouses minds like Microsoft they published this paper tokenization establishing digital representations of value as a medium of exchange in October

Of last year and in it they say however hidden in plain sight at the core of one of the most hyped and misunderstood technologies blockchain lies an immensely powerful concept that will forever change the way transactions

Between parties execute and that is tokenization they specifically mentioned non fungible tokens in the report and then they mentioned their token taxonomy framework the TTFN of which I have covered before but from a blog post

About the framework release from Microsoft it says the initiative brings together some of the most important blockchain platforms from the etherium ecosystem hyper ledger and IBM Intel r3 and digital asset out of all the block

Chains they mentioned a theorem and its ecosystem first I wonder why because that is what they're choosing to build the TTFN tools on first and then the their block chains for examples like github for it which as we can see the

Overview was updated in May of this year going down to the section on tooling and taxonomy it says other github repositories can link to the taxonomy repository to link implementation specific code to specific taxonomies

Symbols like a behavior or token specification this code is then mapped as a platform specific implementation of that artifact for example in the etherium community open Zeppelin there is a popular open source repository for

Solidity source code that developers use and is mapped to the several artifacts and the TTFN so why is this important well in non crypto news outlet in the payments industry explained it well from a payments journal article titled look

Out payment providers a standard is born for defining a tokens properties and behaviour article says card payment networks have implemented proprietary tokens that establish a unique mapping between card numbers card accounts and

The network's issued token that resides in a digital device more recently both MasterCard and Visa have announced that they intend to use a new tokenization process that will enable direct access to bank accounts I have no

Card associated with them these private tokenization efforts will now compete with a new open standard for designing and implementing tokens created by the enterprise aetherium alliance that is the TTFN yes

My friends I'm talking this is what allows crypto to go mainstream where a token whether it be aetherium an ER c20 a stable coin in NFT the loyalty point and more could be accepted for payment at your local stores soon so why didn't

I talk about other block chains and their tokens well the article goes on to say while the press release touts that the token taxonomy framework is independent and is operational on any technology including block chains or

Databases it appears that the github repository leans towards the etherium environment for example the article goes on to identify a Santander implementation of a TTFN token that is tied to an ethereum smart contract which

Restricts access to entities who pass the know your customer regulatory process hmm you need more confirmation that they're going with aetherium let's just go to Microsoft's azores blockchain tokens which as we can see developers

Can easily define and create token taxonomy framework compliant tokens that represent digital or physical assets then let's go a bit deeper and look into Azure blockchain documentation and then scroll down to development tools and

Samples and lookie there Azure blockchain development kit for aetherium and then an aetherium blockchain connector as well as github code samples so the signs they are all there on the surface level but what

Exactly has Microsoft the company built themselves well enough T is based on the etherium ERC one one five five standard and I'm sure you're like wait Tyler who created that token standard I know Microsoft didn't well it was a

Blockchain company and it was engine and it happened in December of last year from the blog post about the NFP rewards badges they created it was a collaborative pilot program between Microsoft Western Europe and end

Zor heroes rewards developers with blockchain based digital badges styled as badgers for various achievements verifiable acts of impact and meaningful contributions in the developer community and there was even a custom blocked in

Explorer for the NFP badges created with nginx and Microsoft logo plastered right there and then going to the transactions action we can see that yes the badges are being earned by the public to aetherium addresses and they are being

Transferred back and forth the pilot program is working so personally I see the opportunity for an FPS as it's a brand new arena the end of 2017 can be considered the beginning of the NFT era so basically it's just over a couple

Years old then going to non fungible comm which began tracking NFC sales volume they have almost a hundred million dollars USD tracked and traded for digital representations since they began tracking so I'm sure some of you

Are like 100 million since the beginning it's not that great crypto exchanges do that in a day and just Bitcoin trading well again this is a new concept I'm sure for some of you even remember n FPS have only been around 2.5 years compared

With bitcoins over 10 years so Chico's opinion defy token Stander's fungible tokens and n FPS are going to rock this world one industry at a time cheers viewers I'll see you next time you

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