24 hour trading volume of the world’s first cryptocurrency, Bitcoin, sits at near US $19.4 billion according to CoinMarketCap.com. Now, some Doubting Thomases in the crypto world have said that CoinMarketCap’s volume averages can be highly inaccurate, and so for comparison’s sake their competitor CoinCap.io shows Bitcoin’s 24 hour trading volume at near US $7 billion… significantly less, but still a tidal wave of interest in cryptocurrency.
Less than a week ago, CoinDesk noted that Bitcoin has hit 1 million daily active addresses again, for the first time since November 2017.
If cryptocurrency is your passion, you’ll be pleased to know that FULCRUM has further plans for working with the blockchain… it’s essential for our content to persist if censorship escalates, so every post here on FULCRUM will for now on also get mirrored over on our Cent page. Cent is a wonderful new blog network, similar to Medium, except it’s decentralized and works with the Ethereum blockchain.
Additionally, we are posting more often and engaging with users all the time on our Minds page, an exciting alternative to Facebook that runs using Ethereum’s blockchain also! Decentralized Web3 is starting to provide real competition to Big Tech, and we think Cent and Minds are two fantastic examples of how new social networks can be built, and grow with better aligned incentive structures.
On Facebook, “you are the product,” as they say, since advertisers are Facebook’s paying customers. On Minds and Cent, there are various ways that users can earn points or cash for posting interesting content. It’s an exciting shift, from an advertiser-driven model, to a more decentralized kind of “crypto patron” model that relies on each other, instead of somewhat predatory multinational corporations getting into our heads, then marketing to us knowing our every preference and fear.