 What's up guys I want to make this little quick video talking about the current cryptocurrency landscape If you've been watching my last video you've noticed that I'm gonna kind of spice things up some videos will be about business Who knows I'm gonna have all these different videos because I like I said before I'm a generalist I don't want to specialize on one thing even though my business is in blockchain and my passions over there This channel is my personal channel and like all things blockchain if you're just interested in that There's a link to the block eeks channel right below this video But in this video I do want to talk about the current cryptocurrency landscape because I do see a lot of problems And I do see though a lot of benefits exact same time So let's kind of like do a quick audit of the current landscape currently sorry if there's kind of background noise I'm just outside in the park across my office over here So the current landscape when it comes to the cryptocurrency landscape One one word to summarize right now. I would say greed to be honest Greed and you know one can look at this and be like oh, that's a bad thing and other people can look at that Look at it and be it's a good thing. I like to look at history. I like to look at biology I like to look at the cognitive biases. So if we look at the past Obviously, we are accustomed to greed and greed with food actually because if you look at the fast and famine times We were akin to having a lot of food and akin to not having food And at the period of times when there was abundance of food guess what we ate a lot of food now this this Genetic makeup in us is still with us today and it kind of Transcends beyond food into other things such as money and obviously society has to play a role saying money equal success The money's gonna bring you happiness So if we're looking at the current landscape in the eye, you know, for example in the ICO space right now It's almost like every single day. There's another ICO. It's almost like forget every single day It's almost like every single every single hour There's an ICO and they're raising ludicrous amounts, you know the other day was like another hundred million dollar ICO within 24 hours and Like I said earlier the only way I can summarize it is greed because truth be told majority of these ICOs They just have an idea. It's not even a applicable idea and sometimes I kind of wonder I might do the actual founders Know what they're doing to these investors. Do they know that they're just grabbing money for the sake of money? Or is this is there so much is there such willful blindness? So that's one of the 25 card devices Is it such willful blindness where you are in your own world so much that you actually can't see outside of your own scope and This for the most part is very true for all of us including I so You know, I do see a lot of issues right now because I see a land grab of money Just people going out there and I get emails every day. I'm gonna ICO this I'm gonna I kid you not an individual Emailed me a couple of days ago. I won't name names. I won't name companies. They want ICO some water And I'm like this has reached the tipping point. I see a water like you're gonna put a token to water And it's just greed an absolute greed which ties me into my main topic I do want to talk about right now is actual research academia and developers but Taliq had a great tweet a couple of weeks ago Vlad as well and you're talking about the fact that the greed and the money has outpaced the actual Technicality research and academia behind this actually scale this up and you see it all the time like these ICOs are shutting down the blockchain such as Ethereum For example, even Bitcoin developers saying they need more developers in the space And I see it all the time because what block kicks our job is to train developers and companies come to us and it helps in search Or finding more developers is the fact that there aren't any good devs Really the good devs are either doing their own things or they're getting paid quite a quite a significant amount to work with Amazing companies and startups. So it's a huge issue right now that the fact that the greed the money is outpacing the actual technology itself and you know, it's a warning to everybody out there because if you're actually thinking of Starting a blockchain company, you will come across this problem and that problem is you cannot find legitimate Proper Developers and I'm not talking about white label development, you know, 80% of these ICOs that you probably didn't hear about They're getting white labeled in India. They're they don't actually have devs. It's a third-party service It's copy-paste code probably off a github and they launch your ICO and just like Dinky I don't know how many lines of code they have Which opens up a whole can of worms. I won't even get into it But if you're actually Considering and let's say you're a big company right now or you are even a medium-sized company and you're considering Tokenization for example kick kick is a big company Messaging app against kind of like Facebook, etc. And they're gonna be tokenizing. I believe this year or next year I'm not quite sure for the dates. However, you know, they're not gonna go white label. They're a blockchain They're gonna have a whole division on that. You need crypto economics behind that You need crypto security behind that you need proper developers behind that You need you need a dream team to actually sufficiently create the technological stack that you need to execute this, right? So if you're actually interested in this Developers are few the developers are very few around tell you the truth And so what I'm urging people in the space is do not be sucked up in the greed Do not be sucked up into these ICO stuff It's gonna pass and tell you the truth same thing like the IPOs they pass and 99.99999% of these IPO companies They don't exist anymore. They crash because they don't have sustenance. There's no business model there. There's no What I like to call it There's no there's no human capital and human capital is way more important than how much money you raise or or the idea Do you have and this is why for example? Google goes all around the world in fact 45 minutes just away from Toronto a kitchen or Waterloo Which is a great for engineers Google has a huge massive multi-million dollar building where they actually literally Suck up all the best talent from Canada and bring them down to Silicon Valley on the human capital the human intelligence the human EQ the human ability that creates companies It's not the actual say technology itself or the money itself Which you'll see you know just pay attention to all these companies raising hundreds of millions of dollars Which ones will actually succeed in the next couple years one percent attitude. So You know to summarize don't get caught up in the greed Even though like I said, it's a natural let's say state of human affairs Which you can overcome which you can Definitely evolve from just saying that Joseph Campbell talks about is when will you die from your animal nature and be reborn as a human being a true Spiritual human being and remember, you know this technology the promise of this technology is to empower people It's not to steal from people. So with blockchain technology cryptocurrency. Let's actually focus on You know building out more talent Supporting the community and working on real tangible solutions that are applicable today Not applicable five years from now not applicable 10 years from now But what are some solid solutions that we can solve today bring the best people together? And that's how you actually create something that's going to be successful and actually have a net positive utility in the world Okay, there you have it greed is high research and devs are low Hopefully they'll equalize in the near future. Have a great day. Peace