Hey yo what is going on viewers of the tube.
If you don’t know by now, I’m your host Tyler and welcome to the channel, that is
the talledega speedway of cryptocurrency.
You know our Ricky Booby….it’s time for Chico Crypto!
So let’s begin today's show off with a tiny bit of accountability, because we are trying
to prove ourself to be the white trash of crypto, yet the most honest.
So we did a top 5 altcoin video, 2 weeks ago for the beginning of 2020.
Our picks were this, Cosmos, Algorand, Waves, my Ethereum DeFi picks & Ethereum combined
with Ethereum Classic.
Let’s just see how the picks have been doing since the video dropped on Janaury 3rd.
Well Cosmos, has been performing mighty well.
Janaury 9th we get the first bit of good news, as Cosmos atom got added to Coinbase pro.
Which started the first mini pump.
Usually with a Coinbase pro listing, comes a regular coinbase app listing.
Not always, but a majority of the time yes.
Well January 16th rolled around & coinbase announced atoms’s listing on the regular
app & that shot Cosmos up like a rocket.
Next pick Algorand, hasn’t performed as well, but it still is positive over the past
2 weeks & pushing up in conjunction with Bitcoin and not falling in reverse is a good sign
as Algoran, is a largely institutional investor coin, meaning it has had to deal with downward
pressure since launch.
Like I said in my video, I think we have found the early investor dumping limit, and upside
for Algo will come, because it is a highly anticipated, and funded proof of stake blockchain,
that is functioning aka not cardano.
After this, was Waves, which I said in the video to hold off & wait, if you were looking
at waves, because it pumped like a son of a gun before I made the call.
And the price has come down since the pick & it may deflate even more, but I’m accumulating
waves, because the reason it was my pick, hasn’t come true.
Waves is a russian crypto, which already is working with state owned companies like russian
railways.
Remember what happened when Xi Xingping announced support for blockchain?
Chinese cryptos went mad.
Vladamir Putin, will do the same IMO & waves is the hands down leading russian blockchain.
Next pick, was my Ethereum DeFi basket of altcoins.
Including iexec, chainlink, kyber network & enigma.
And each one of those has performed very well since the video.
Iexec and chainlink the best, then kyber & finally Enigma.
And these projects, I’m always accumulating.
Final pick was 2 of them.
Ethereum & it’s fork Ethereum Classic.
Ethereum has been pushing up nicely...but Why did I choose both?
Well Ethereum is moving to proof of stake, thus a major argument & fight will happen
between the fork, which is staying proof of work.
Proof of stake vs proof of work.
So I thought Ethereum classic would pump because of this...and boy howdy has it.
This was my plan all along, ride the Eth classic pumps, and then use the profits to increase
my ethereum stack.
I said Pumps, by 2020 we will see a few, from Eth classic because Ethereum 2.0 will see
many snags & delays IMO.
But why am I recycling me gains into Ethereum?
Well, an Adam Cochran on twitter posted such a beautiful list of all the enterprises that
are building on Ethereum...an exhaustive list with references for each build including nike,
morningstar inc, ernst & young, accenture, banco santander, bny mellon, barclays, ubs,
td ameritrade, cisco, walmart canada, the UN, Fedex, and the list goes on & on.
This is Enterprise ethereum, and it's something other projects are lacking.
And just last week, the Enterprise Ethereum alliance, dropped something major, that slid
right under the rug.
They dropped the official EEA testenet.
Which will be a place for these business building, to test their applications and collaborate
with others in the testing environment, before going live on the EEA mainnet.
From the post, Leveraging the TestNet, the EEA’s Testing and Certification Working
Group will begin to build and launch a world-class EEA Certification Program that ensures solutions
conform and interoperate with EEA standards.
The EEA Testing and Certification Working Group members currently include Aion Foundation,
AZHOS, BlockApps, Chainstack, ConsenSys, Crowdz, Fnality International, Intel, J.P. Morgan’s
Quorum, Microsoft, PegaSys, Standard Chartered Bank, Wanchain, Web3 Labs, Wizkey, among other
global leaders.
So two crypto interoperability solutions are there, to make sure they conform and interoperate.
Aion & wanchain.
Which one of these projects is more involved with interoperability?
Well if we go to their working group leadership, we can see they already have a cross-chain
interoperability task force.
And the Chair, is Weija Zhang of Wanchain & just in February of last year, Zhang moved
up in the rankings with the EEA, they appointed him, as Asia and China’s regional head,
to spearhead EEA growth in China, and Weijja has been doing just that….
Now moving onto the EEA testnet, with a testing environment out, it usually means a mainnet
is coming soon.
Well I found a protected working group in the EEA, of which you need a password to enter.
EEA Mainnet working group, forms task force “eminent” ethereum mainnet integration
for enterprises.
So going back to the working group leadership, who is heading this task force?
John Wolpert, our boy, Yorke Rhodes founder of Blockchain at Microsoft, and Kartheek Solipuram,
Blockchain Lead Solution Architect at Ernst & Young.
So big boys on the list, and they are working to create the mainnet, which is basically
like a middleware for enterprises and their solutions to connect back to the public blockchain,
Ethereum.
John put out this tweet, on January 12th.
“Enterprises using #Mainnet as middleware, going into 2021, will need custodian services
to take their dollars and manage gas reserves used for writes.
#magicbus”.
Well in the tweet thread..there were a ton of responses from the crypto twitter, but
what’s funny is the most important answers are all the way at the bottom.
Andrew Keys, co-founder of consenys, says You should talk to @_JohnWhelan
about this as he and I had a similar discussion.
Who is John Whelan?
Only the digital asset investment banking head of Banco Santander.
But back to Andrew, someone replied to him.
Aaron Wright said “@OpenLawOfficial has this as part of its toolkit.
We’re thinking about generalizing it and opening it up” Aaron is the co-founder of
OpenLaw…
And Open Law, has something built called OpenFinance, released back in July of this year, and from
the blog post, With OpenLaw Finance, you also can plug-in a variety of exchange software,
identity services, hardware/software wallets, and even different oracle providers (like
Chainlink) to build a variety of financial products…
Hrmm and below The release of OpenLaw Finance is just the beginning.
Over the next several months, we’re going to incorporate Ernst & Young’s Nightfall,
enabling private token transactions using zero-knowledge proofs.
With this integration, every transaction on OpenLaw Finance will be private and managed
in a peer-to-peer manner between parties all on mainnet Ethereum.
We will also integrate one or more custodial solutions….sounds like what John was tweeting
about?
Well we did see how OpenLaw mentioned Chainlink, but they are so much more than just an oracle
open law can use.
Chainlink & Openlaw annoucned a partnership all the way back in August of 2018.
And Chainlink is directly integrated into Open Law, and their smart contract stack,
called the OLEstack.
From Open Laws blog post, they show the simple smart contract stack.
It contains an oracle, a ricardian contract, and a blockchain.
A simple visual of the Olestack?
Chainlink, OpenLaw, and Ethereum.
And Open Law even put out this graphic, showing how their stack and John Wolpert’s EEA Magic
bus vision, are going to complement each other and flawlessly communicate, through API endpoints.
So if you don’t get why I think LINK is sooo stank…..like Ricky Bobby says…..I
know what your talking about.
Cheers I’ll see you next time!