The online world is changing. Artificial intelligence has been expected to make a profound impact for some time. During this time, blockchain has been flying under the radar. One of blockchain’s greatest advantages is its versatility. Shervin Pishevar alluded to this in discussing its economic potential.
Best Uses for Blockchain and Cryptocurrencies
Basically, anywhere there is data, blockchain can be employed to make the system more efficient. Shervin Pishevar was especially concerned with centralized data in the economy. This is where blockchain battles for relevance. Cryptocurrencies are more specialized and are popular within fintech.
Cryptocurrencies: More than Money
It is doubtful that as many people would have heard about cryptocurrencies if the technology was merely being used to tokenize user information. Cryptocurrencies can be used as vouchers and coupons. They can represent tradeable data like gaming skins. Where blockchain is a permanent ledger, cryptocurrencies are transferable. Cryptos are already being personalized by users.
A Tokenized Future
Shervin Pishevar stressed the importance of small business innovation. What better way than for every user to have their own crypto token. Imagine making use of your data. Instead of Facebook marketing its user data to advertisers, imagine if every user could monetize their personal information. Large organizations would no longer be paying for marketing data or contact information. This information would take a new form; one guided by each user’s specifications and needs.
Finance is certainly one of the best use cases for both blockchain and cryptocurrencies. But, you would be amiss if you thought that was all there was behind the ideas presented by people like Shervin Pishevar. In blockchain, the world has the ability to manipulate data in ways never before imagined. What was once the fantasy of data scientists is now a reality.
The potential exists to maximize the world’s resources on a personal level for individuals even in the most remote regions. Like the Internet was overlooked in its capacity to make information available and connect the world, so too are untapped decentralized blockchain applications.
The stock market maintains a reputation for stability. The reputation isn’t entirely deserved. Perhaps “mostly stable” reflects a better description of the Dow Jones. The market has famously crashed at dark times in financial history. Shervin Pishevar went on a pronounced tweet storm in early 2018 to warn the public about a possible 6,000-point drop.
Recently, the Dow Jones rallied. The rally follows a disastrous several-month period in which the market saw steep declines. Now, the stock market boasts of many weeks featuring gains. Shervin Pishevar doesn’t necessarily find the news to be positive. The technology entrepreneur worries that a market crash cannot be avoided. He took to Twitter to launch a 21-hour tweet storm highlighting his concerns about the market and other topics.
Since Shervin Pishevar made a name for himself working with companies such as Uber and Virgin, the media reported on his tweet storm. A significant audience read about his financial musings. The public also learned about Pishevar’s concerns about Bitcoin and the technology sector. Will the public take heed of his warnings? It would not hurt to ponder on his opinions. Yet, many investors remain steadfast in how they put their money to work.
Investors do not change their habits easily. And in some ways, this is a positive trait. However, remaining tunnel-visioned about investing isn’t always a good idea. Refusing to hear out editorial opinions might not be wise either. Even those who do not agree with Shervin Pishevar should at least take time out to read what he has to say. He is an accomplished entrepreneur. While the tweet storm may be bombastic, the tweets come from a successful person. Why not review them?
Shervin Pishevar has not changed his opinion since the original tweet storm. Relatively recent tweets display continued pessimism about the strength of the Dow Jones. He is not alone. Financial opinion pieces by analysts sometimes concur with assessments that the market may suffer a drop. Investors do have their own minds and develop their own opinions. At the very least reviewing the assessments of others may prove enlightening.
Shervin Pishevar stands out as one of the most respected venture capitalists in Silicon Valley, California. He is the co-founder of Virgin Hyperloop One and Sherpa Capital (which he recently resigned from due to legal matters). He is one of the key people to see Silicon Valley become the center for tech innovation and development it is today.
After keeping off Twitter for a while, Shervin Pishevar came back on fire back in February 2018. He made 50, 21 hour-long tweets speaking about the future of the US economy, globalization and tech innovations. These are major fields that dictate the success of America and its potential for more growth.
Being an angel investor, one of the major topics that he talked about was startup companies and their future in Silicon Valley. Shervin Pishevar is keen to note that the Silicon Valley tech industry is somewhat monopolized by some major companies. Shervin says in one of his tweets that “As Silicon Valley monopoly on early stage has shifted abroad its empowered 5 US monopolies: Alphabet, Amazon, Apple, Facebook, and Microsoft.” Frankly, everybody knows these companies, and constantly uses their products. You might be surprised that cities are fighting for Amazon to come to their location. That is how big these companies have grown.
Unfortunately, the dominance of these companies in the market has made it almost impossible for startups to come up in Silicon Valley. Their immense power will continue to run for years to come just like they have been unless they are divided into small companies like the way Ma Bell was divided. Do note that these companies have immense power.
Shervin Pishevar describes this power in his tweets as “These Modern Ma Bells have much more power than Ma Bell ever did. Extreme amounts of power with access to data no sovereign has.” He goes further to say “They have power of a nation-state destroy vulnerable start-ups threatening their monopolies. They’ll use that great power overtly + covertly.” Needless to say, if something is not done about them, they will continue to run Silicon Valley for ages.