Shervin Pishevar: Blockchain Decentralization and the Future of Online Transactions

Shervin Pishevar believes in blockchain technology. Why? Well, there are a lot of reasons, but the objective here is to examine the decentralization aspects. The first thing to understand is that technology is no longer being developed by hobbyists in their garage. Far from it. A few big corporations decide much of the fate of technological innovation.

Now the objective of blockchains is not purely toward decentralization. The new industry is not directly opposing any administration. In fact, blockchain technology is concerned with the secure transaction and recording of digital data. Cryptography is more fundamental to the technology than decentralization. The emergence of private blockchains demonstrates this fact.

Online transactions are more than money. This is apparent in the unending tweets and image shares. The difference between cryptocurrencies and blockchains can be thought of in the same way. Shervin Pishevar understands the importance of both. On the one hand, blockchains can provide the efficiency that the Internet so sorely needs. It would reduce clutter and open up opportunities. In regard to online finances, cryptocurrencies provide an answer to Shervin Pishevar’s discussion about the Federal Reserve.

Permanent digital transactions can be quite transformative. Consider Shervin Pishevar’s comments about the stifling of innovation in the small business sector. How often are smartphones thrown away? Cloud storage is a rapidly growing enterprise because new devices and software are in constant need. It makes less sense to store precious images and valuable data on an external hard drive if it will quickly become incompatible. Additionally, the world is now mobile first.

What if we could choose that our information is permanently recorded on the Internet? Not housed by a private company on a server, but rather, cryptographically secure such that only the owner could gain or grant access. Remember, those private cloud companies often have direct access to their clients’ information. If not direct, then for security reasons, a back door just makes sense. This is not the case with blockchain technology. Quite a different world, right? Imagine the possibilities. Some are calling it (blockchain) the next evolution of the Internet.

 

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Shervin Pishevar Takes to Twitter to Vent About the Economy

If you follow Shervin Pishevar on social media, you know that he has a tendency to be long winded. He famously spent 21 hours posting his thoughts about the state of the American economy to Twitter in February 2018. His tweets touched on everything from Bitcoin prices to the deterioration of America’s infrastructure.

Now Could Be a Time to Sell Stocks

The stock market is going to lose as many as 6,000 points throughout 2018 if you trust the words of Shervin Pishevar. Typically, it would be a good idea to transfer money from stocks to bonds during times of sharp losses. However, this sharp downward movement will be caused by volatility in the bond market. Therefore, it may not be the safe haven that it usually is during times of stock market instability.

Bitcoin Isn’t the Best Investment Right Now

At its peak, Bitcoin was trading at about $20,000 per coin. Shervin Pishevar sees the currency’s value falling back to at least $5,000 a coin before stabilizing and going up in value. If you are looking for a place to put your money, Pishevar suggests gold as its price will likely appreciate greatly during a period of uncertain economic conditions.

We Need to Think Long-Term

If we don’t start thinking long-term, we won’t have the infrastructure necessary to retain our role as the world’s largest power. Shervin Pishevar believes that the United States needs to start thinking about ways to improve our airports, train stations and roads. He cited the Chinese ability to make a new train station in a matter of days as a reason why they can compete with us in the long run.

The Startup Landscape Is Changing

Large companies are likely going to keep smaller players from gaining a foothold in the United States. Pishevar thinks that Uber is the last company that is going to get past the likes of Facebook, Google and Amazon in the United States. Going forward, most startups will be created in other countries.

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