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Steve Harmon - Summer of Tech

Tech grows...crypto bellows...big picture throes

Steve Harmon

June 4 · Issue #19 · View online
Beyond the hype, inside the world of venture capital, tech, stocks and trends, from Silicon Valley to Shanghai, from veteran investor and entrepreneur Steve Harmon - followed by many leaders in finance and tech, see more:

Tech grows…crypto bellows…big picture throes

My head’s been down working on a new venture: Ditto. Can’t say too much right now…but will share details later when its ready.

On other fronts, a brief crypto update. Shake out. I expected it and it still looks like a lot more to come. Also why I only own 2 crypto: Ripple (XRP) and Stellar Lumens (XLM). Ethereum (ETH) also looks interesting to me but I don’t wanna jump into it right now.
As for the other 2,000 crypto currencies? Let’s do some startup math. 1 in 20 I think have a chance…so that’s 5%. 100 companies in the world. If you manage a crypto fund consider that.
Regulation may hinder or help the group. Some cry that XRP may be regulated as a security…I don’t know. It’s a digital functioning medium of value in my view, like airline miles.
Does the SEC also want to regulate your grocery shopping reward points, rental car loyalty program?
Either way, let’s pursue that train of reasoning…In the bigger picture if all crypto currencies, tokens, have to be listed as securities then maybe that’s not a “bad” thing… put XRP, XLM and the rest on NASDAQ and open them up to “regular” investors. More buyers, less volatility perhaps.
I think it may be 2 or 3 years before crypto gets done shaking out. Same thing happened with the Internet in 1995-1999. Seen this movie before.
Listen Up
Awhile back I wrote that the battle for your living room is between Apple, Amazon and Google. Expect that to get crazy soon. Some of you may have the listening devices like Alexa, Echo, Home, HomePod or whatever…but privacy is being abused here a lot I think. Talk at your own risk if you own one.
Since I was a teen I’ve been in tech…I sold Apple II, Commodore VIC-20 and many more when the only thing they did was make writing a letter easier than using the typewriter correcting ribbon (or white out).
I’ve been in the web and mobile since they both began as commercial industries.
So listen up when I say to you now in this era of Facebook stalking you, of Google gathering you, of Amazon amassing you…tech is kind of out of control now.
A key part of one aspect of my new venture is giving you back your power that somehow these giants (especially Facebook and Google) have taken from you without even really asking you.
Oh wait, they did ask.
When you’re done reading these you’ll know what they are doing.
Casual Sunday reading before bedtime:
At some juncture we will move beyond these models of use/abuse of our intent, data, privacy.
Don’t think it will be a government regulation thing but perhaps a user awareness one…
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