Crypto Explosion: A Crisp Overview of Marc De Mesel's Video Interview
On December 25, 2021, the notification of my Odysee-dot-Com account showed a new video upload, that writes "After a long hiatus I'm back with a great conversation with Thomas from Golddust, ..." That means the video has now been published for public view. There is no need to pay any BCH to view the video interview. This video is a Christmas gift to all crypto enthusiasts and the quasi-experts.
Image 01: Screenshot source: Marc's video of 25th Dec on Odysee-dot-Com
I wish to express gratitude to @MarcDeMesel from the bottom of my inner core. Thank you so very much for posting your video interview for public view. It is a genuine gesture of a warm heart. I may term it explosion of empathy and love.
I am glad that I watched the video on Odysee-dot-Com. Although, I could have viewed the same video on YouTube, a mainstream platform notorious for censoring and discriminating content creators.
I have read the comment of @Pantera on YT (dated 20 Dec 2021 or earlier), who first posted an article about Marc's new interview on read.cash almost a week ago.
The crypto field has become so vast
Nobody can claim they are aware of all the cryptocurrencies. Even one subscribes to most of the top channels in the crypto communities, and it is next to impossible to track all the cryptocurrencies.
In this world, there is no need to know everything. As I am going to view Marc's interview and learn from his experiential knowledge. It will be a tiny vignette of his vast experiments with cryptocurrencies, Bitcoin, and especially Bitcoin Cash.
Image 2: Screenshot of a part of BCH Logo download page https://bitcoinbch.com/resources/logos
Every blogger at read.cash knows that the tipping coin of our platform is BCH. And Marc's contribution is well-known in the initiation of read.cash, which is thriving with growing communities of bloggers from around the globe. In what follows, I try to briefly note down the most intriguing points from Marc's recent video interview.
Cryptos have become the target of the government tax regulators
Image 03: Bordered screenshot from Marc's video of 25th Dec on Odysee-dot-Com
Government regulators worldwide are trying hard to regulate and tax crypto income. Although there is no way the government regulators or any other entity can track the decentralized transactions and correlate them with the real-world identity of persons, the tax deductors are after the crypto income of the global citizens.
Marc explained his past experiences about how his crypto gifts to global friends had been in complex processing juggles in different fiat banks. His friends got false accusations with harrasments from local police. They had to take legal help.
My thoughts
In only a few countries, crypto income is exempted from income tax deductions. For example, in Portugal, crypto income is probably not taxable. It may change sooner or later, and the govenment may start impose income tax on cryptos.
In many countries, the citizens can't transfer crypto income directly to fiat bank systems. In India, the government is on the verge of creating a new crypto law to restrict, tax, and punish the citizens engaging in crypto transactions. The crypto exchanges are facing stricter KYC rules every day. There is no positive sign that the situation may improve soon.
Bitcoin Cash evolved as a better crypto instrument than Bitcoin
Image 04: Bordered screenshot from Marc's video of 25th Dec on Odysee-dot-Com
There is no doubt that Bitcoin Cash has been pretty dear to Marc for quite some time. He made it clear earlier and also in the present video.
Marc explained how he had been a passive investor in a variety of crypto instruments including Bitcoin Cash. In this video, Marc explained why he has taken an active interest in the new developments and innovations of Bitcoin Cash.
Marc clearly said, "But, actually my role has it been changed from being a passive investor to being ... much more actively involved in making many seed investments in Bitcoin Cash."
My thoughts
The innovative consensus algorithm makes Bitcoin Cash better than Bitcoin.
The crypto technology developments require a good amount of funds and time. The innovations in the core blockchain technology cannot be made without creative leadership. The code developments need expert computer professionals and software architects to guide from the forefront.
Don't worry about crypto rankings which constantly fluctuate
Image 05: Bordered screenshot from Marc's video of 25th Dec on Odysee-dot-Com
Crypto rankings are bound to fluctuate with its volatile market price cap. Crypto investments have risks and gains which happened earlier. The flow of funds and ever-increasing crypto transactions show a positive vibe.
Marc explained referring to the sudden high ride of Bitcoin during the end of 2017 how crypto may get slow but reverse swing. Bitcoin Cash was also very high earlier soon after its initiation in 2017. Other cryptos also rode nicely.
Then, again the opposite swing came. Most cryptos went down including BTC. But, BTC could still maintain its top spot. The crypto investors were having doubts over the behavior of the crypto market in general.
The crypto market boomed again in the recent past. All cryptos went higher, and BTC rose to its top lifetime price, which was as expected by the community.
It is interesting to hear Marc saying, "It is my impression that something similar is happening this cycle, but not first for BTC, but first for Ethereum. And, Ethereum is a very very strong performer untill now, and most people regret selling any Ethereum for any other coins have been sold today, and that me included ..."
My thoughts
The crypto market is weakly similar to stocks in its fluctuating market price, and investments. But, the technology of cryptos are absent in the stock market.
The common mass can't afford to invest their hard-earned little money, which is too limited to run a decent livelihood. But, the evolving online platforms, such as read.cash, Hive blog, Odysee-dot-Com, etc. are showing hope. NFTs are a new product selling avenue that projects unique earning goals to ordinary citizens. The common people can create and share insights, solutions, and real-life products, in cyberspace and keep some parts of the crypto earnings as savings for crypto trading.
End of the first part of my crisp overview of "Crypto Explosion"
Image 06: Bordered screenshot, from my articles list https://read.cash/@Unity
The overview is not complete yet. Here I end the first part of the article. I am still watching the video interview of Marc De Mesel. I will continue to watch it and explore to find more insights. I hope to post the second part soon.
Check Marc's Odysee Channel
In the meantime, I request all users of read.cash and noise.cash to visit Marc's Odysee-dot-Com channel. View his content and other beautiful content by many global content creators.
Image 07: Bordered screenshot from Marc's Odysee-dot-Com channel.
You may consider joining Odysee-dot-Com by clicking my invite, which will benefit both of us by earning LBRY Credit or LBC coins. Click here to join Odysee.
Merry Christmas @MarcDeMesel Is it delayed greetings? May we consider every day of our life as a tiny celebration? Accumulation of all the fractional life incidents gives rise to our complete life.
I praise the spirited celebration of life you projected. Take my best wishes for a happy, peaceful, and empathetic life ahead.
Image 08: Photo by Olya Kobruseva from Pexels (modified by me a little bit)
Postscript
Unless the cryptos are widely accepted by many global payment systems, people can't buy directly goods for their day-to-day living items, such as groceries, pay bills, book air tickets and hotel reservations, or any other incidental expenses.
I am a practitioner of STEM - Science, Technology, Engineering, Mathematics. I am into developing technology solutions in cybersecurity, data privacy, especially authentication technology, and password security.
My technologies would be directly applicable to solving the private key-loss problem of any blockchain application, including all types of cryptocurrencies.
I wish to get your frank feedback to correct my errors and shortcomings in the next part of the overview.
Cheers!
Lead Image: I created the animation with my texts, a slightly modified Photo by Olya Kobruseva from Pexels, and screenshots from Marc De Mesel's Odysee-dot-Com channel. Sources of all these images are mentioned below the respective images.
Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, or business. Do your research before adopting any options.
Unite and Empower Humanity.
I am also on noise.cash ... click the link if you are there.
December 29, 2021
