DDCT #134 - 6/10/2022 (How Gen Z Is Hooked On Cryptocurrency And NFTs)
29m | Jun 10, 2022#Bitcoin #Cardano #GenZ
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ARTICLES used in today's video:
When a cryptocurrency you never heard of drains your life savings
Steve Insall has watched his life savings disappear by the second in an app on his phone.
He spent most of Tuesday, May 10, in his condo, trying to withdraw anything that remained of the $320,000 balance that was there just days before.
The app wouldn’t let him. While watching Bloomberg TV talk about a cryptocurrency he only learned of the day before, he tried to hide his panic from his wife.
“She was getting ready for work, the baby was eating on the highchair,” Insall said. “The 3-year-old was on an iPad. I was keeping it all inside.”
https://www.slashgear.com/818151/times-technology-went-straight-up-evil/
Why Cryptocurrency Might Turn Out To Be Worthless, According To A Nobel Laureate Economist
Cryptocurrencies have no dearth of skeptics with relevant domain expertise, and now Nobel laureate Paul Krugman has joined that ever-expanding list of vocal pessimists. Krugman, who was awarded the Nobel Memorial Prize in Economic Sciences in 2008 for his pioneering work linking trade patterns with geography and globalization, compared the current crypto-verse with the stock and housing market crash of 2008 that led to losses worth over a trillion dollars for investors.
https://bitcoinist.com/ethereum-merge-not-coming-until-2023/
Cardano Founder Says Ethereum Merge Not Coming Until 2023
The Ethereum Merge is currently the most anticipated upgrade in the crypto space. It has been about two years in the making and has been pushed back due to multiple delays. However, the project has since gotten back on track as the team has assured the public that the Merge will happen sometime this year. Cardano founder Charles Hoskinson has disagreed with this timeline, saying that the merge will not happen in 2022.
https://decrypt.co/102469/web-nyc-gallery-nft-remotely-display-art
This NYC Gallery Lets NFT Owners Remotely Display Their Art From Anywhere
Web3 NYC Gallery is a new NFT gallery opening in Manhattan on June 15.
The gallery’s Genesis NFTs let holders control a display in the space, so they can show off and even sell their NFTs.
How Gen Z Is Hooked On Cryptocurrency And NFTs
It is known that digital tokens have two key characteristics: they serve as a medium of exchange and a means of accumulation. These characteristics influenced the adoption of new technology by different generations. If the older generation is more inclined toward long-term investments, they consider digital tokens to save money; the younger generation prefers to evaluate the liquidity of these tokens and the possibility of using them for a transaction.
Most young investors are confident that cryptocurrencies will make them millionaires. According to a survey conducted among 1030 US residents over 18 years old, 60% of zoomers (Generation Z) expect to become millionaires thanks to investments in cryptocurrencies. According to experts, young people are becoming more interested in crypto and rejecting traditional finance amid rising inflation and rising prices for real estate and education.
https://alternative.me/crypto/fear-and-greed-index/
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Dave
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