Major Cryptocurrency News: This Will Help With Mainstream Adoption
Sometimes we need to watch what is taking place because unexpected steps forward can occur.
In this video I discuss how major news came out that could really help mass adoption. It is not direct like we typically think but this could even be bigger than the announcement by El Salvador to use Bitcoin as legal tender.
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This is going to be HUGE!!! NFTs are taking over the game for sure. I just want it to be actual art, lol.
We will see. NFTs certainly are gaining in popularity. This is going to take a year to roll out so plenty of time for the industry to get its act together.
Of course, it could be hype but even if so, it is putting the idea in front of a lot of people.
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NFTs everywhere and news of it if stopped a day it continue for a month
wow! Samsung is going NFTflix!
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LOL very creative. Yes it appears they are.
NFTflix. You might want to trademark that one.
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It's a good think. But I believe it is overrated. Few years ago, when Samsung was the no 1 smart phone producer in the world, they introduced a native crypto wallet on their phones, and where is it today?
Certainly timing is everything in technology. Being early does not produce any results either.
That does not mean that being one of the first with crypto wallet integration is not going to pay dividends. Look at Netflix. It was first to streaming when the service sucked and most of the videos were still viewed via DVD. Half a decade later, the streaming service took over the latter and put Blockbuster and the like out of business.
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The South Korea situation seems a bit weird. I wonder if Samsung knows something we don't know or will only approved vendors be able to use crypto.
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I am not sure they can do anything to control cryptocurrency. People are still looking at the world through the controlled lens.
The Eurodollar market has no control over it. It simply grew as the participants saw fit.
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Ironically the negative news of bitcoin (money laundering, use of the currency in crimes etc) only made the popularity of bitcoin skyrocket a few years ago, there is no bad publicity and great news can come from anywhere.
There are many who subscribe to their philosophy about publicity. Regardless of what they are saying about you, just make sure they are talking about you.
It is interesting the more they threw FUD at Bitcoin, the more interest it garnered. Perhaps it is like the car accident, we simply cannot help but to look.
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The problem with Samsung is that they announce, but they sometimes don't deliver. It was announced that the Samsung Galaxy S10 had a crypto wallet embedded, but nobody saw that. I have the S21 and still no wallet. The news is not to be overlook, that's for sure, but curious if it's really gonna become a reality.
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Summary:
In this video, Task discusses the significant impact of Samsung's announcement to integrate a platform for NFTs (Non-Fungible Tokens) on their smart televisions. He compares this move to when Netflix buttons were added to TV remotes, propelling Netflix to dominant success in streaming. Task highlights the broader implications of Samsung's decision, signaling the growing mainstream adoption of cryptocurrency and NFTs in the tech industry.
Detailed Article:
Task starts the video by reiterating his belief that the adoption of NFTs and cryptocurrency is inevitable and compares it to previous technological advancements that have become integral parts of our lives, such as the internet, Netflix, and digital cameras. He introduces Samsung's groundbreaking announcement, emphasizing the significant impact it will have on the cryptocurrency space, surpassing even El Salvador's adoption of Bitcoin as legal tender.
The discussion shifts to Samsung's stature in the global electronics market, highlighting its reach and influence, akin to Apple and other leading companies. Task explains that Samsung's move to incorporate NFT platforms on their smart TVs represents a strategic decision driven by the booming digital art industry and the need to stay ahead in the market. The integration of NFT browsing, buying, and selling capabilities directly on televisions signifies a major step towards merging technology and art in everyday consumer products.
Task draws parallels between Samsung's NFT integration and the success of Netflix in streaming media, underscoring the role of convenience and accessibility in driving mainstream adoption. The comparison to Netflix's inclusion of dedicated buttons on remotes serves to illustrate how Samsung's initiative may similarly pave the way for NFTs to become more widely accepted and utilized by the general population.
Furthermore, the discussion dives into the implications of Samsung's entry into the NFT space, portraying it as a significant validation of the cryptocurrency industry's growth and potential. Task speculates on the mechanics of Samsung's NFT platform, foreseeing its potential to simplify the complex process of buying NFTs and potentially catalyze further adoption due to enhanced usability.
In conclusion, Task emphasizes Samsung's proactive approach to embracing cryptocurrency and NFTs, positioning itself as an industry leader poised to capitalize on emerging trends. The integration of NFT capabilities into smart TVs signifies a key milestone in the convergence of technology, art, and finance, underscoring the broader trend of mainstream adoption of cryptocurrencies beyond just individual investors to major corporations like Samsung.