LOOK for Genius: Find eBTC
Looking for Genius:
If you read my stuff you most likely think by now that I hate crypto. In actuality, I hate cheats and scams. Someday I’ll tell you why. But for now, I promise you that is not the case at all. I see REAL cryptocurrencies as hope and think they represent the future of our world and mankind’s next step to a cultural epiphany. I love blockchain companies too. But, I do not, however, love all the tokens and coins pretending to be cryptocurrencies. Their genius only lasts for so long.
I explained the difference in prior posts, but the short version is that you might think you are buying into what will be the future money used by billions globally when what you are buying is in fact: nothing. The core of me hates the way that real people who work so hard for their money are losing it, and at the hands of millionaires. Ever-despising those crooked people at the top of blockchain tech and crypto that are making so much money from the ever-increasing size of the market that they won’t tell you that their token or coin is not a true cryptocurrency.
While it may or can be true, that every token or coin was created by a legitimate company that may someday do great things, that greatness or value is not in any way transferable to 99.9% of coins and tokens. Why, because not all coins and tokens are or can ever be cryptocurrency or money in any form.
My Job
I take it as my job to help open eyes. That’s why my content will remain free to all here. Jon and the rest of us pay to run this site from our own pockets because we believe. We audit crypto companies for legitimacy, and we crusade for Crypto 2.0 to help our neighbors, known and unknown because it’s the right thing to do. We know it’s going to take information and education to fix crypto. We know crypto can change our world.
Think of a time when 99% of mankind could not read. That was not very long ago. There were geniuses then that could not read. They expressed that genius with their hands and deeds. Look at how mankind and our world has changed since the inverse became true and 99% of people became literate?
We have geniuses everywhere now. So many so that perhaps we need to redefine the term altogether. Some of the people here qualify. But none of us are likely to change the world. It takes more than IQ. Most geniuses work for non-geniuses. Bet you did not know that. Something to do with focus and intellectual myopathy. True genius types, the kind that shape our world share a common trait. They can get the rubber to the road. They improve our world. I can define true genius in two ways, tool users and the tool makers. And then there are visionaries. They are not all necessarily geniuses. Sometimes they are more, much more. Try to decide from the list below who is what.
TOOL USERS, MAKERS and VISIONARIES
The people below changed our world. Some built on the work of others who I would define as tool users. Others gave us new products, tool makers. And still, others simply shared visions that consolidated new tech with existing products and services to create more efficient delivery. These people are all geniuses, tool makers, tool users and sometimes visionaries. Every now and then we got combinations of all of the above. They all created wealth. Millions of everyday people became millionaires or billionaires from their work. If you look closely you will see two trends, one obvious and one extremely subtle. In their time each was a pioneer. Many of the people on this list found ways to build and improve the work of the visionary before them. Bezos took the analog Wall Mart model to the internet. Consolidation.
Geniuses?
Sam Walton - Walmart Founder. In 1962 Sam Walton created big box stores. He was the first to bring the power of retail consolidation to a level that drove all the large retailers of the times to their knees. He changed retail globally.
Home Depot brought the Walmart type model to construction, and Lowes founded much earlier in 1946 was forced to copy the Home Depot model.
Mervyn Weich: 1984 BJs Founder. James Sinegal: 1983 Costco Founder, the Waltons: 1983 Sams Club. All envisioned the next great step after big box in consumer interface and created the open box, big box, near wholesale, direct to consumer model.
Bezos: True Genius
Jeff Bezos: Amazon book and then Amazon. Bezos brought us on-line book sales and everyone laughed. He closed virtually every brick and mortar bookseller nationwide. He then leveraged that into Amazon’s basic online retail and again people laughed. Then he leveraged the private delivery companies, like Fed X and UPS, USPS, etc. into the most integrated, direct to consumer sales platform on earth; a digital Walmart model. This is consolidation. What’s truly amazing is that eBay was years ahead of Bezos. They had created their own payment engine (Pay Pal) and could have easily been Amazon, but simply lacked the vision to take that next step because eBay became a bureaucracy.
UPS and FedEx
UPS was founded 1907 to fill the voids of the US mail system. It filled that void, but then floundered for decades, fat and happy until it was forced to evolve or die by FedEx.
FedEx was founded 1971 by Fred Smith. How was Fred Smith able to create FedEx when UPS had a 60-year head start? The UPS of 1971 was an old and tired model. FedEx forced the creation of the USPS, UPS, and DHL of today. Fred was a visionary. He leveraged the use of the airlines and airports to deliver overnight packages to major cities. Then he bought airplanes. He built a mail delivery system in reverse. Fred built air to ground. UPS and the US mail businesses were forced to become ground to air.
Robert Kahn and Vint Cerf, in 1983 they created the internet and made possible the world we live in today. Visionaries like eBTC and TIM now use the internet to consolidate basic systems that can be easily adopted by countless other businesses. This is genius.
Berners Lee created the World Wide Web in 1989 and built the WWW on the Internet. WWW was an internet passenger that made the .com world possible.
Bill Gates: Microsoft: Enough said.
Steve Jobs: Apple: Enough said.
Larry Page and Sergey Brin gave us Google in 1998.
Mark Zuckerberg: Facebook. 2004
Elon Musk: Tesla, 2003- Space-X 2002
Jack Dorsey , Biz Stone, Noah Glass, Evan Williams: Twitter
Travis Kalanick and Garret Camp: Uber
There are certainly a few more men and women who have shaped our modern world. The second trait is this: the world, God, nature, or luck do not bless us with these people in vast numbers. Look closely, there are perhaps only 40 to 60 people in this group over the past 50 years. Yes, they and their works created infinite amounts of wealth for everyday real people lucky enough to have been there in the beginning. But, these are extremely rare and special humans. Now look at crypto, compare it to the .com craze. Crypto is following the .com madness because people forgot then and have forgotten now that the world does not conspire to pass out these visionary geniuses like discount coupons.
Behind every rags to riches story you ever heard, stands one of these very special human beings. It might be seven layers or companies removed, but if you look deep enough you will find our world is built on their works. In the 90s, people thought it likely that every .com company was founded by the next Bill Gates. Of course, they never bothered to look. They never digested the story and asked if there was new tech or true consolidation. Yes, we need paper shredders. A laser paper shredder might seem like a wonderful thing, but ask, will it change the world? Has the market been waiting for it? Is the world looking or waiting for this exact thing? Most importantly: Is it revolutionary? Can it fit outside the box or just one more thing to be stuffed into the box? People today are investing in crypto as if they believe every person who can say “blockchain” is the next Mark Zuckerberg. I simply want you all to think rationally.
Your Part is Simple: Look for TRUE Genius
Read. Investigate.The odds are that somewhere in crypto right now the next Bezos is 27-years-old and changing our world. Find him or her and do not settle for less. Find the story of every crypto you think of investing in and ask questions. Is it a stand alone Tech with no other uses? Does it have utility for other businesses? Does it consolidate existing business or service in a way that will make the products cheaper or more available? Is it unique? Does it have anything about it that would keep others from copying it? Does it have local, regional or real international prospects? Here's one of my favorites; does the implementation of the company's claims depend on legislation or other legal roadblocks? Think of legal record storage. Well if the law, courts, land registries, IRS do not recognize these digital documents as legally binding or accepted then the company is a joke.
Remember, much of the tech we rely on and use daily fought long and costly legal battles before it made anyone a cent. Ask if the company has a person or group of people who just seem different, express a well conceived and rational global view of a market, or use that just seems larger than other companies? And I have found this to be the most important requirement, will this tech cause or open the door for new companies to be created? You find a company expressing a global model that not only has the ability to become a driver of world economy, but has that mission built in and these are the people you hitch your wagon to.
Conclusion
The world gives us on average one or two Bill Gates' each year. But greed can make millions believe that the world has now changed it’s mind and has gifted us with 5,000 special humans in the past 4 years who all just happen to be starting crypto companies. Yes, it's the future, but the numbers don't add up. It is simply not possible that there is a Bezos, Gates, Jobs or Kalanick in every damned crypto currency/block chain company. And without one, you are extremely unlikely to own coin in a company that is going to change the course of mankind or make you wealthy.
Look, read, know what you are buying and why: "Because my friend bought it." Is not an investment strategy.
Cases in point, eBTC, and TIM. I've only brushed on their genius in other posts. These people (plural as in the team of people) have taken a new technology born in 06-07 (blockchain) and leveraged the internet to create a blockchain vehicle for other businesses and visionaries to build upon. The technology that TIM incorporates into it's GPS technology for crypto geolocation is a first and true genius. While thousands of here-today gone-today cryptos were rushing to cash in on ICOs, eBTC stayed home and created a global ecosystem, (economic system) currency, support for that currency, partners and a global team of visionaries.
Today eBTC is nearing 100 employees, with hundreds of partners in dozens of other companies all working behind the scenes to bring you perhaps, THE BLOCKCHAIN SOLUTION. eBTC has created a system the world economy could run on. They have created a model for other companies to thrive on without having to manage tech themselves. Think of how many more investment opportunities eBTC will have brought to us over the next 5 years? This is how real innovation comes to us. Tool users find a vehicle to drive their visions, our world changes and people get rich. Creating a blockchain company and a true crypto currency with space for millions of other blockchain companies to adapt to and grow; that is VISIONARY.
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