What Cryptocurrency Speculators can learn from the Dot.com Crash

Crashes, bubbles, and busts have little impact on technology’s long-term development. Looking back from 2018, the dot.com bust did not slow ecommerce’s development.

Crashes and busts will make cryptocurrency stronger. For example, the dot.com bust killed off most of the weak, fraudulent, and unrealistic internet stocks. For instance, garbage like Pets.com, Boo.com and Webvan went down the drain. On other hand, good companies like Amazon got stronger.

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Government can end the Housing Crisis by buying Homes

New York City could eliminate homelessness by buying a third of those vacant apartments and making them available to the poor. Interestingly, the solution will be cheaper than housing vouchers, shelters, and “public housing.”

Cities can create large numbers of steady high-paying construction jobs with constant housing construction.

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What you should know about the Trump Trade War

The trade war could soon impact average Americans. America’s largest retailer Walmart (NYSE: WMT) supposedly urged US Trade Representative Robert (Bob) Emmet Lighthizer to leave a variety of goods off the tariff lists in a letter, The Hill reports.

To survive the trade war the United States will have to devalue the dollar. Obviously, there is no way American remain competitive in trade with a strong dollar.

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BNY Mellon eyes a $20 Billion Cryptocurrency Market

The hope is to offer cold storage for up to $20 billion worth of cryptocurrency. Cryptocurrency exchanges and brokers want cold storage because custodians would take the problems and liabilities associated with storage.

For example, many exchanges and brokers have a hard time getting insurance for stored assets. However, established custodians like BNY Mellon already have such insurance.

On the positive side, all that is standing between companies and BNY Mellon and cryptocurrency storage is SEC approval. On the negative side, the cryptocurrency market has dropped dramatically in recent weeks losing up to 80% of its value.

The cryptocurrency market is certainly huge, BNY Mellon estimates that there are 1,000 cryptocurrencies with a market capitalization of $400 billion. On the other hand, US equities have a market capitalization of $25 trillion.

Therefore, cryptocurrency is a small portion of the global economy. However, cryptocurrency is growing fast.

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Kroger Tests Self-Driving Vehicle

In addition, Nuro’s self-driving Toyota Prius cars will make some deliveries. Delivery reportedly costs $5.96 per order and is only available from one Fry’s store.
This is the second self-driving vehicle delivery effort associated with Kroger. The Ocado Group Group PLC (LON: OCDO) is reportedly testing a self-driving delivery van in London. Kroger purchased 6% of Ocado last year.

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Why Uphold is potentially the Most Disruptive Blockchain Application

Uphold has the potential to destroy fiat currencies because it offers fast conversion.

Uphold offers fast conversion of some very shaky fiat currencies. Its currency list includes the Danish Krone, Kenyan Shilling, Mexican Peso, Indian Rupee, Brazilian Real, Polish Zloty, and Philippine Peso.

Importantly, the list also contains some of the most stable currencies including the Swiss Franc, New Zealand Dollar, Australian Dollar, and Japanese Yen. Therefore, anybody could use Uphold to his or her money into gold or Swiss Francs.

For example, if Mexico’s president announces currency devaluation every Mexican with a smartphone can convert her pesos to dollars. Affluent Mexicans can buy Swiss Francs or gold if they wish.

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Will WhatsApp Destroy Facebook (NASDAQ: FB)?

WhatsApp proves that Facebook is a mess. However; value investors should examine the Social Network, because Facebook is a mess that makes a lot of money.

For all its faults, Facebook is still a moneymaking machine par excellence. Facebook generated $11.552 billion in cash and equivalents and $30.757 billion in short-term investments during 2nd Quarter 2018. That gave Facebook an astonishing $42.309 billion in cash and short-term investments on June 30, 2018.

Is Facebook a classic Warren Buffett value investment? Uncle Warren loves to invest in moneymaking companies “that somebody’s idiot nephew can run.” Surprisingly, Facebook might fall into that category.

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How Cryptocurrency is changing the World

Cryptocurrency will emerge from the correction stronger than ever and with a greater power to disrupt. Those who expect the market correction to be the end of cryptocurrency will be sadly mistaken.

Cryptocurrencies and smartphones give middle and working class people the ability to create alternative digital economies.

Those economies function outside of the government paper economy. Such economies are developing in Venezuela, Colombia, and Africa. A long-term effect will be to give citizens the ability to ignore government economic policies and potentially central banks.

It is already possible to evade currency controls, price controls, devaluation, and other economic policies at the touch of an app. Uphold claims you can transfer funds through cryptocurrency, fiat currency, and gold through its Android and Apple apps.

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Ominous Parallels the Civil War Era and Modern America

Beware Moderate Compromises. Historians list the moderate efforts to end the conflicts of the 1850 as some of the main causes of the Civil War. Every such effort, the Compromise of 1850, the Fugitive Slave Act, and the Kansas-Nebraska Act made things worse.

Radicalism intensifies. The extremists of the 1850s; the Radical Abolitionists and the Southern Fire Eaters, became bolder, increasingly rabid, and more aggressive as the decade went on.

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