“We don’t believe in bitcoin, we do believe in blockchain.” Large companies such as JP Morgan, Facebook, Walmart and IBM want to build products based on blockchain. With this they hope to reduce costs and to speed up the transfer of information and transactions. Even a notorious anti-bitcoiner such as Warren Buffet has commented positively on the potential of blockchain. And to top it all off, Prince Charles has called blockchain an interesting development.
Blockchain does not hit the mark
Yet not everyone is convinced. Yahoo Finance spoke to Bryant Barr, who manages the SC30 investment fund of former MVP Stephen Curry. He is not satisfied with the practical applications of blockchain.
“In theory, I love blockchain and I think the world needs it someday. But I haven’t seen anything that looks like a practical application, “says Barr. With this statement, he refers to the lack of products that use blockchain in a meaningful way.
Who understands blockchain?
He also thinks that no normal consumer really understands blockchain. Barr has yet to meet the first person who can explain a blockchain to a lay person. And laymen must understand the blockchain before they board. He illustrates this with an example: “On Yahoo I can register for fantasy football (online game in which you assemble a fictional team). I transfer $ 20 and it’s super easy. Why should I use blockchain fantasy football? “
About Serena, Ashton and NAS
Curry is not yet a fan of investing in blockchain. But many celebrities and athletes invest millions in startups in the blockchain and cryptower world. Earlier this year it was announced that Serena Williams is investing in blockchain companies with its “Serena Ventures”. She is concerned with “diverse leadership, individual empowerment, creativity and opportunities.”
One of the most active and famous investors is Ashton Kutcher. He acted in That 70’s show, among others. In 2010 he started A-Grade Investments. With this, he invested in BitPay in 2013 and invested 12 million dollars in BitGo. So he arrived early.
Nasir bin Olu Dara Jones, better known as the rapper Nas also sees potential in blockchain and bitcoin. With his QueensBridge Venture Partners (QBVP), he invested 20 million dollars in Bitfury in 2014. Later he also invested in BlockCypher, Coinbase and Robinhood. Nas says the bitcoin industry is getting bigger than the internet.
Related posts:
Why do cryptocurrency Exist – Institutions 
Bitcoin and independent property rights 
NASDAQ on market manipulation: Everyone is now talking about regulating bitcoin and cryptocurrency 
Pilot Porsche on Ethereum blockchain to trace provenance materials 
Xfers from Singapore is going to use blockchain Zilliqa 
Make your own tokens with the Guarda wallet
