WSJCoin: To understand cryptocurrencies, we created a
WSJCoin: To understand cryptocurrencies, we created a
WSJCoin: To understand cryptocurrencies, we created a
In an original WSJ documentary, market reporter Steven Russolillo ventures to Japan and Hong Kong to explore the universe of cryptocurrencies. Its mission: to create WSJCoin, a virtual token for the newspaper industry. From file: Crystal Tai. Video: Clément Bürge
In 2017, bitcoin was one of the greater investment hobbies in recent memory. This year, that the boom has turned into a crisis.
To understand what drives the wild cryptocurrency market, the technology, exaggeration Y innovation, combined with the dry, market manipulation Y increase in regulationWe decided to experiment with our own digital currency: WSJCoin, a virtual token for the newspaper industry.
Traveling to Japan, a hotbed for cryptocurrencies, we discovered that creating a coin is relatively easy: find a blockchain start, notice how the founder writes some code on a screen and a cryptocurrency is born. No wonder there are more than 2,000 of them, according to CoinMarketCap.
The tricky thing is to create a valuable, useful and highly attractive cryptocurrency. So we started a journalistic company to find someone to accept the WSJCoin payment.
Along our way, we met quirky characters who epitomize Japan's cryptography fashion: a popular J-pop band called "Virtual Currency Girls"; a 21-year-old student who spends most of his time mining cryptocurrencies; and a university professor who creates a cryptocurrency for exclusive use on the campus and in the neighboring university city.
There is a major problem for the industry: the mania has failed. Cryptocurrencies have lost more than two-thirds of their value since last year's high. Many people who bought cryptocurrencies at the end of last year have lost a significant part of their investments.
And if the industry really needs thousands of these digital currencies it has been questioned. The massive sale this year has been tougher in the so-called bigger altcoins, alternative versions of bitcoin, than in the bitcoin itself.
But hope is eternal among true believers, particularly those who have faith in the technology of the blockchain that sustains it.
"There is still potential for a significant disruption," says Ivan Zasarsky, a Hong Kong-based partner in Deloitte's financial crimes unit. "This is only the first centimeter in a one-kilometer race."
Write to Steven Russolillo in steven.russolillo@wsj.com and Clément Bürge in clement.burge@wsj.com
.
ORIGINAL ARTICLE THE WALL STREET JOURNAL
Related
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,'script',
'https://connect.facebook.net/en_US/fbevents.js');
fbq('init', '369524843414444');
fbq('track', 'PageView');
.
SOURCE LINK ERESVIRAL.COM https://www.beviral.online
Comentarios
Publicar un comentario