“No offense to Ripple, but is wiring money the thing that’s going to change our world? Where’s the biomedical ICO that makes it so pharmaceutical companies don’t have a monopoly?” - Tai Lopez

(click to tweet)

The token is just the thing that empowers the network to participate in the technology.

So are you in it for the technology or the prospect of your token rising in price? This is the debate every crypto investor should be having with themselves. Once you become invested in just the profits, you lose sight of the greater blockchain mission, which is a necessary element of participating in this movement.

On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are discussing the further applications of blockchain technology. So many people right now are focused on the get-rich quick strategy of holding onto profitable coins, but what about seeking out the technologies that are going to change the world?

And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“If you plug every person’s brain into an open-source blockchain ledger, you’ll solve every problem that haunts us today. Collaborative intelligence is everything.” - Tai Lopez

(click to tweet)

Points to Keep In Mind

• Frequency of use is what drives a token to value
• There is greater opportunity in pre existing businesses going on the blockchain
• • They would immediately pass the SEC test for utility
• People overthink the problems in cryptocurrency
• If you look at the top 30-40 market cap coins, they aren’t solving the big problems in the world
• Read Nick Bostrom’s Superintelligence
• • He theorizes the moment of singularity will happen by 2090 when computers surpass humans
• 3 types of artificial intelligence: cyborgs, supercomputers, and collaborative intelligence
• All problems can be solved by collaborative intelligence
• Evolution 101 is what we’re seeing right now with the frothy ICO world
• Gold has $7 trillion, and it has no utility at all