If you’re ready for some straight talk from someone with truly clear crypto-vision and a profound sense of economic responsibility, meet Charles Hoskinson. He’s the co-founder of ethereum and IOHK—and, we’re proud to note—a COHERRA Advisory board member.
No investor can afford to remain unaware of cryptocurrencies and block chains. But this realm, where high finance meets high technology, can be difficult to grasp. It’s up. It’s down. It’s called everything from the future of money to a utopian fantasy. Meanwhile, new ICO’s—“Initial Coin Offerings”—sprout up daily. No wonder this emerging industry is for many investors still somewhat shrouded in mystery.
If you’re ready for some straight talk from someone with truly clear crypto-vision and a profound sense of economic responsibility, meet Charles Hoskinson. He’s the co-founder of ethereum and IOHK—and, we’re proud to note—a Global Yield Advisory board member.
In this Bloomberg interview ( https://www.bloomberg.com/news/videos/2017-07-21/iohk-ceo- hoskinson-sees-bright-future-for-bitcoin-video ), Charles looks into the future of BitCoin, identifies ICOs as the new dot com bubble and warns of a future shakeout when international regulators begin imposing order on the wild frontier of tech-driven financial innovation.
Most importantly, Charles reminds us that while there’s a vast potential to liberate the movement of money from traditional institutional and governmental barriers with new financial technology, the timeless values of common sense, genuine value and accountability are still very much the standards to which we all must hold.
“The problem with ICOs is that they’ve “caused some people to forget that basic principles [such as] due diligence… don’t go away because we have new technology,” Charles tells Bloomberg News. “It reminds me of the dot com boom and bust because they say, ‘Oh, it’s a new technology and paradigm, so we don’t really need to make a profit,’ or care about governance.’ I get a little worried that people are raising too much too quickly and they haven’t thought about the consequences.”
We at Global Yield want you to know we’re committed to staying grounded in reality while remaining on the cutting edge of innovation.
Cryptocurrencies have been volatile of late. Bitcoin, the original Golden Goose cryptocurrency, lately has had a jittery value profile with observers who feared that technological limitations would require a fork in the block chain and a split in the currency. This has been averted by software improvements, which was big news in the crypto world. Meanwhile, ethereum has suffered its own growing pains. Achieving a practical scalability remains an issue for all.
Charles’ dead level positions resonate deeply with Global Yield FinTech’s long-range strategy of building robust structures that will withstand extreme fluctuations and disruptions. We believe that aggressive innovation is best served by regulatory observance and other traditional accountability measures.
With visionaries like Charles on the Global Yield team, we’re confident of continued success while we responsibly push the boundaries for innovation within a new economic system.
In the meantime, we hope you’re having a great summer and we’re looking forward to sharing more information in the near future.