Ledger vs Trezor: Top Leading Crypto Cold Wallet

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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:

Coindesk SlideShare on 2013/2014

Mt. Gox catastrophe: https://insidebitcoins.com/news/bitcoin-2014-bitcoins-biggest-nightmare-the-collapse-of-mt-gox/28074

Total VC investment in cryptos in 2018: https://newconomy.media/news/venture-investments-in-cryptocurrency-companies-in-2018-reached-3-9-billion/

How to find BTC accepting merchants: https://www.virtualcoinsquad.com/

5 years ago in Crypto History:

BTC price: $631
Litecoin price: $17.35
XRP (always the bridesmaid, never the bride) price: $0.01
AuroraCoin price: $9.79
SpainCoin price: $3.02
Peercoin (HONORABLE MENTION) price: $3.21

Bitcoin- The first Proof of work cryptocurrency
Litecoin- proof of work cryptocurrency
XRP- Not mineable, all coins already created. payment network designed to bridge worldwide currencies.
AuroraCoin- Cryptocurrency designed specifically for Iceland citizens
SpainCoin- Mineable cryptocurrency that is now inactive
Peercoin- uses a modified proof of stake consensus as a security model

Let’s set the stage shall we?
The top coins according to market cap 5 years ago consisted of decentralized networks that were aiming to disrupt how money can work.
Looking back on the year of 2014 we see that it began with one Bitcoin exchange called Mt. Gox come to a fiery end after having lost something like 850,000 Bitcoins. At that time, that amount of BTC was 7% of the total Bitcoin in circulation. Talk about centralization. What have we learned from this one? It seems not much, but at least new solutions are being built and tested, looking at you decentralized exchanges and atomic swaps.

It’s also worth it to note that in October of 2013 the Silk Road was shut down, with Ross Ulbricht AKA Dread Pirate Roberts and Bitcoin being at the center of that mess. 2014 was a year of Bitcoin fighting bad press, trying to recover from one of its most popular exchanges from going under and just an overall uncertainty of its future (at least that was the story from mainstream media…)
2014 was also the year when venture capitalists began taking note and investing in Bitcoin related companies and services with VC investments totally $98M that year. As of 2018, that number has now reached over $3.9B.

It was also the year where a shift began to change from pure investment speculation to merchant adoption and acceptance as a form of payment. In 2014 that number was around 3,000 merchants. Only two years later that number would grow to over 100,000 merchants accepting Bitcoin. As for that number today, I couldn’t find an official count. If anyone here knows this number in regards to the year 2018 or 2019, please share it in the comments down below!

Also, Bitcoin ATMs began sprouting up as well as meetups and conferences. Bitcoin was beginning to take root in the physical world.

How has this space changed over the past 5 years? The explosion of independent news sources found on Youtube, Steemit, BitTube, Twitter and more.
An onslaught of new applications of blockchain technology and cryptocurrencies that are flipping the script of revenue models for a number of other industries like social media, farming, and shipping to name a few. We are still disrupting the banks and still learning how to maintain privacy and security at scale.

We have second and third generation blockchains that have taken the ideas presented to us thanks to Satoshi Nakamoto and are building on them, experimenting with what can be done, pushing the limits and learning from mistakes made.

Still think Bitcoin and this world of cryptocurrencies is dead? With all due respect, I think it’s time that you break free from that cyclical mindset and try to see the bigger picture. We are still here. There is still a long way to go but so far time has done nothing but prove that the existence of decentralized networks, immutable ledgers, peer to peer transactions are a thing of beauty and something that every single person can benefit from.

What do you think is in store for us in the next 5 years? What innovations are being built today that have caught your attention? Leave them in the comments down below.

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34 COMMENTS

  4. Awesome crypto video! So much has changed, and xrp always the bride never brides maid that is so funny and true. I do want to mention this however, regarding the next massive bull run coming in crypto soon. If you actually thought the late 2017’s bull run in cryptocurrency space (late dec 2017) was a big deal, oh no. No, no, just wait until the trillions of dollars allocated to alternative assets begin to roll into crypto market.

    I see clearly that the next very massive crypto bull market will be more gigantc than anything we have ever seen before in the cryptosphere.

  5. Isn't the #8 coin Omni still being used nonstop? (That's Tether in a way if I'm not mistaken). So they basically have succeeded and live their dream. Too bad for the investors who sponsor an otherwise successful project but have lost money at the end. It's philanthropy! If investing in things that are used by everybody was a successful strategy we would all make a fortune investing in shoes. What I love about Bitcoin is that what you see is what you get! Simple and tested.

  6. I am opening my Keep Key with the app. Then I go to this (damn) NEW MEW and select the NEW feature to connect MEW to my Keep Key and it says no device found. I have Chrome loaded and I have access to my Keep Key but still "no device found. WHY!!
    I like the old method to open My Ether Wallet. I'm old school crypto and do not like using my seed to access MEW. Wish this was fixed. I'm angry right now.?
    Love your show…HELP!!

  10. We have banks jumping in with there private chains and stable coins, and institutions like Fidelity n Nasdaq instututing there own platforms.Will this help or disrupt BTC and alts? Time will tell but another aspect I see is more coins n projects jumping into ventures of decentralized gaming..!!

  13. #1 Decentralized crypto currently such as DGB LTC BTC etc.. being used on a regular basis. #2 Finally having a decentralized video platform such as Theta and bittube. 3# Elastos for real internet security and privacy.

  15. I imagine a future where blockchain and AI replace our political class with an incorruptible governing algorithm that frees humans from their power-hungry and greedy neighbors who are apparently hell bent on making life more difficult and miserable than it needs be.

  22. I think in general the future is bright for crypto and the technology, but not as a speculative tool to just buy in and buy out and get back to dollars,
    but a stable tool to stay in ( and I don't mean the current "stable coins" which are just used to park money between trades, etc.).
    The tech is just too good to die, but the current space is just speculation and gambling with coins and 99% just use it to gamble and get back to their dollars and move on.

  24. Dear friend I see you are promoting Ledger wallet. I bought Leger nano s and it only let me to install Bitcoin and Ethereum only being new I was wondering if you have any idea on how coin apps I could install thank you and you are doing a great job I am learning a lot from you.

  25. At first glance I thought you weren’t wearing a shirt at the end there. ?Glad you showed the top coins from years ago. Puts it into perspective that things will look different in another 5 years. It does concern me as this shows how Alt coins die. I am sure we all try to invest in good projects/Alts but I am concerned they could potentially die off. Guess that’s the name of the game. Crypto is risky. Still glad I got skin in the game though.

  26. A lot has changed in last few years. Many crypto projects have come and gone. Funny, many that come in seem so honest and true. But many seem to leave with their tail between their legs, and on bad terms. More less some not all. Still the wild west of it all. Wow didn't realize the conferences started then. Many things have happened in the last few years. Be interesting to see what happens 5 years down the road. Let's hope something amazing happens soon. Thanks for sharing. Always a fan, sincerely JR

  29. Blockchain is currently 1990's internet. So don't for a moment think you're late to party. Soon enough we'll see ledgers for not only finance, but identity, property, assets management and even the derivatives market, which no one can track so complicated it is despite carrying trillions of dollars.

  33. I am personnaly very excited about the Brave browser and Basic Attention Token and what they are trying to do with the online advertising world. I really hope they succeed. Just tipped you some BAT by the way 🙂

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