hey welcome back everybody to altcoin daily we have so much to talk about in today's video
take a look at your screen different coins different stories different world events that all
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for 10 off everybody's going to this we will see you there let's get to the news first of all we're
on youtube youtube is one of the biggest content creation platforms in the world and i'd be remiss
if i didn't clue you in to this huge youtube story this is information that continues to
develop youtube is hiring an executive to lead its web 3 strategy the details are as follows
youtube is looking for a new product management director with experience in the crypto space
per a new hiring ad posted on linkedin the google-owned company is scouting for an executive
who will quote define communicate and execute the vision strategy and roadmap
for web3 at youtube web 3 is a term used to describe the next iteration of the internet that
is decentralized and relies on public blockchains like ethereum core feature of web3 is that users
can independently own digital assets whether they be crypto assets or non-fungible tokens
that denote ownership of digital art social media avatars or even virtual real estate to go further
i loved mark cuban's response to lynn alden as he defines what exactly is web3 he says the term is
useless and that's true web3 is this catch-all buzzword term that really needs to be defined
because in actuality anybody can use web3 so the term web3 is useless he says what is different
now between web 3 versus web 2 versus web one what is different now is transparency on the blockchain
auditable smart contracts decentralized decision making all can enable entrepreneurs to create
more productive and appealing dapps nfts are a simple example taking digital files
applying smart contracts to enable royalties slash extractable info blockchain to publicly slash
transparently show providence slash transaction history decentralized makes it more trusted
than centralized more open than centralized and then he continues with more advanced examples
and where he sees the future of web3 going so i like it we're following this and let's check out
what's happening with leader in web3 ethereum the number of ethereum addresses holding 0.1 eth
hits a new all-time high this is what i love to see and even further users users using ethereum
check out this data ethereum user growth in a nutshell a good way to track the adoption is by
following the number of addresses with a balance there are 70.4 million addresses holding ethereum
just in 2021 it increased 18.36 million that means the network was growing at a pace of 1.53 million
addresses per month in a really you know hidden stride after d5 summer of 2020. you can see that
data right here now the cool thing about 2022 is we have l ones like ethereum building growing
partnering and now to a even greater extent than last year layer twos in this case polygon
ethereum layer two polygon is getting a new nft content platform with seer network they're
aiming to decentralize content and empower creators with nfts the bigger takeaway is
these things just continue to get funding and build and integrate at a rapid pace
and now pivoting talking about binance big news with binance ethereum rival binance smart chain is
rebranding and is now called bnb chain the rebrand is part of binance's push to embrace game fi and
metaverse applications so the core details are as follows binance smart chain and binance chain
have rebranded together to be b and b chain the b and b chain comprises the bnb beacon network for
bnb token staking and the bnb smart chain which hosts smart contracts and of course as mentioned
the rebrand is part of binance's push to embrace game fi and metaverse applications and game fi
and metaverse applications we're seeing a huge push with this as well disney reddie's metaverse
push as disney's ceo calls the metaverse the next great storytelling frontier disney has promoted
an executive to lead its metaverse efforts and the ceo said that he's blown away by the firm's work
so far in addition other news jp morgan yes the jp morgan that used to flood a bitcoin to high heaven
and then we found out they were buying bitcoin while they were funding it jp morgan is now the
first bank in the metaverse the wall street bank jpmorgan has opened a lounge in blockchain-based
decentraland pretty cool let's talk about bitcoin because in my opinion from what i see bitcoins
value proposition is becoming clearer than ever so first of all let's start here canoco phillips
huge company a 100 plus billion billion oil producer has announced they are mining bitcoin
in the united states eventually every single major oil producer is going to mine bitcoin now
there is at the devils in the details for this story because in actuality they are not mining
bitcoin conoco phillips is what they're doing is they're selling natural gas to a bitcoin miner
in north dakota that would otherwise be flared and wasted this is still a huge win for bitcoin
but again we need to be accurate with what the information is but still you can see the way the
future is trending and all of these big companies are getting in on bitcoin and cryptocurrency and
you know let's talk about some world news this is well here's the thing trudeau the ceo of canada
has just enacted emergency orders involving the peaceful protests of the truckers in canada and
one of the things that they are doing is they are freezing all bank accounts that they want they're
confiscating all money and crypto that they want and crypto fans are pointing to bitcoin because
of this now so canada's prime minister justin trudeau has invoked the emergencies act something
that's usually enacted for you know something like the pandemic or something like terrorist attacks
and they're threatening to bar truckers protesting vaccine mandates from the traditional
financial system in response the cryptocurrency community has slammed the government's move now
you can think whatever you want about the truckers and about trudeau the fact is the
world is getting more permissioned the world is getting more censored the world is getting more
centralized and we truly need a cryptocurrency that is permissionless decentralized
unconfiscated if you store it correctly and for that the best option at this moment is for sure
bitcoin and i think people are realizing this the bitcoin balance on exchanges just hit
a new low again again again for the first time since november 2018. while fluctuations occur
in the short term it's been interesting to watch this level macro decrease since march 2020 people
continue to buy bitcoin people continue to buy bitcoin whether it's good investment whether
it's good business opportunity whether you know they can they want to opt out of the system
so yeah i'm pretty bullish on bitcoin especially i mean look at this the graph of us dollars
measured in bitcoin not bitcoin in u.s dollars u.s dollars measured in bitcoin over the last 10 years
is just decreasing the dollars losing value bitcoins gaining value tldr it's costly
not to invest in bitcoin see our brains are wired to expect diminishing returns now you might look
and laugh at this chart projecting astronomical prices for bitcoin and you may be right but
the odds of this scenario are probably higher than you think it's just a fact our tiny little
lizard brains cannot fathom exponential growth you know when bitcoin was a hundred dollars they
thought ten thousand dollars was impossible and now we wish we could buy ten thousand dollars
bitcoin game theory aka the inevitable bank run for wanting a non-sovereign decentralized
permissionless currency predicts an acceleration slowly then suddenly either way make your own
decisions i'm bullish on bitcoin for me that's a great place to save and retain my value and
have a grow you know well over time but obviously for the most gains you want to look at altcoins
right you make your own decisions you do your own research but there's just tons of things
going on and tons of opportunity in the space my name is aaron at altecoin daily see you tomorrow