Re <<Bitcoin ... Gold ... oil ... US$ ... Ethereum>>
(1) Continuing to watch the hilarity that is the grey-market bitz.ai as $CSPR at cusp of open-trade w/I hours and the grey-market price should, could, ought to melt away the absurd pricing, for double-digit is not right.
At $20, given Casper total stock of 10 billion (only 400M initially unlock, for the Option #3 ICO buyers @ $0.03) the imputed market cap would be US$ 200B, or ~50% that of Ethereum. Whilst Casper is a project of great merit, but at 1/2 the merit of Ethereum at the get-go starting gate? Silly.
Am guessing that the formal market shall value $CSPR at ~1.00 per token, from the base CSPR should achieve 20 in 18-36 months time. IOW, buy, buy hard, buy furious, but buy smart.
(2) However, as in then again, or OMG, we can connect some dots
(2-i) Dot #1: ledgerinsights.com
IPwe to launch NFT platform for patents using IBM tech Patent market platform IPwe has partnered with IBM to launch non-fungible token (NFT) patents. The patent records will be stored using IBM’s blockchain technology. ... It expects to attract financial institutions, insurers, and other patent stakeholders in the coming months. Separately, in January, the company also partnered with the Casper public blockchain. Meanwhile, the U.S. Customs and Border Protection completed a proof-of-concept of a blockchain platform to protect IP rights.
What if IBM endorses Casper to its clients and WSJ does a story on Casper and whatever?
(2-ii) Dot #2:
https://forkast.news/casperlabs-china-bsn-amazon-aws-blockchain/
CasperLabs wants to help 'morph' China’s BSN into AWS of blockchain
Although Microsoft Azure has been gradually closing the gap, Amazon Web Services (AWS) has topped the world’s cloud infrastructure services in market share again in Q4 of 2020 — a peek into the future potential of how CasperLabs can help “morph” China’s Blockchain Service Network into the AWS of the blockchain industry in the Web 3.0 era.
“People watch Netflix all the time,” said CasperLabs CEO Mrinal Manohar in a video interview with Forkast.News. “Almost the entire infrastructure is on AWS [and] you’re using AWS even if you don’t know about it.”
CasperLabs, an enterprise-grade proof-of-stake smart contracts protocol, recently announced it would be joining both China’s domestic and international BSN networks, even before the launch of Casper’s mainnet scheduled for Q1 of this year.
The opportunities presented by the new infrastructure are endless and only limited by one’s “imagination,” Manohar said.
See related article: China’s BSN will add CasperLabs’s proof-of-stake blockchain to its network
According to Manohar, Casper has already seen some traction and interest from enterprises that are looking to use blockchain technology to preserve uniqueness in the digital realm and prevent counterfeits in the physical domain.
“Things that require digital uniqueness — well what would that be?” Manohar asked. “A patent, the license to a song, the license to a video — these are all instances where having a digital uniqueness or the ability to count the amount of digital copies of something are really, really important.”
Casper has a chain of custody (CoC) solution that is being built in partnership with global patent database and transaction platform IPwe — which publicly tracks licensing of patents in over 200 jurisdictions around the world. “Thousands of companies that interact with these, try to be at the center of a butterfly network like that is hugely, hugely valuable,” Manohar explained. “If they think about why Amazon is so successful, it’s because they’ve bridged a massive butterfly network of a huge set of sellers and a huge set of buyers.”
In the physical realm, blockchain technology can be used to mitigate counterfeits — particularly for China, a nation that has reportedly exported 224 billion face masks from March to December of 2020. Now with Covid-19 vaccines beginning to roll out, enterprises can also look to explore the technology to authenticate their products.
See related article: Using blockchain to bolster vaccines and trust in public health | Part 3
Casper’s pre-launch partnership with BSN hints at the company’s plans to expand further into Asia, where many of their US$40 million funding partners reside. As Microsoft and Amazon have continued to dominate more than 50% of the world’s cloud computing infrastructure market share, Manohar believes that many the East will skip this phase in digitization, and move directly into blockchain, just as it has skipped landlines for mobile phones.
China is the “first move of many,” Manohar said.
Watch Manohar’s full interview with Forkast.News Editor-in-Chief Angie Lau to learn more about how the growing BSN roster will affect the daily lives of people in China, and why China is the first step for the network’s global expansion.
Key HighlightsBSN can become the AWS of blockchain: “BSN was announced a few months ago, it’s not been years. And I think over time there’ll be much more gradation. If you think about AWS, you’re picking like an infrastructure provider there, you have very specific — if you want to run an Oracle, for instance, on your AWS — there’s a very specific page that you can go to and understand how exactly to do that. I think it eventually morphs into that.”Asia will leapfrog cloud computing for blockchain: “Part of that is [that] cloud infrastructure and distributed compute has existed for a long time in American and European tech stacks. And so some people are not seeing the value. I think Asia is kind of leapfrogging. If you think about how Asia basically skipped the landline and went straight to the mobile phone, it’s kind of like what’s happening here. It’s like a lot of cloud computing infrastructure is kind of being skipped and people are just moving directly into blockchain. That’s the way we view it. So we view BSN as a larger part of a very, very comprehensive Asia strategy that we do want to have.”Expecting a form of BSN in the West: “I would be surprised if a Western government at some point doesn’t try to do a similar initiative…. They might be a bit late to the party, but I think it’s almost inevitable someone is. But, you know, that’s healthy. It’s great for BSN to be first out the gate. There’s always a first-mover advantage. And so it’ll always be a viable alternative. It’ll be like the biggest one in China but will also be a viable alternative globally.”Casper brings a patent database to BSN: “Things that require digital uniqueness — well what would that be? A patent, the license to a song, the license to a video — these are all instances where having digital uniqueness or the ability to count the amount of digital copies of something are really, really important.”
Full TranscriptAngie Lau: Blockchain Service Network is China’s efforts to create a blockchain matrix — a technical infrastructure, if you will, designed to support the use of blockchain applications in government and enterprise. What it might truly be doing is setting a new standard of infrastructure for how blockchain could work for the rest of the world.
Welcome to Word on the Block, the series that takes a deeper dive into blockchain and the emerging technologies that shape our world at the intersection of business, politics and economy. It’s what we cover right here on Forkast.News. I’m Forkast Editor-in-Chief Angie Lau.
Read more
Forkast.News is a digital media platform that covers stories about emerging technology at the intersection of business, economy and politics. From Asia, to the world.
(3) News flow:
cointelegraph.com
2 reasons why Casper (CSPR) IOU token rallied 2,300% in one week
CSPR appears to be following DOT’s route to success as its IOU token latched on to the bull market’s momentum and rallied 2,300% before it's even listed on major exchanges.
Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move can make it a challenge for promising new projects that are looking to catch the momentum before the cycle plays itself out.
This reality has led to some projects listed on exchanges in the form of token IOUs so that interested parties can get in on the trading action before the token is officially released. Polkadot (DOT) is one of the most well-known examples of a token that went through this process.
Casper (CSPR), a proof-of-stake blockchain platform, is a relatively new project that has benefited from this IOU process, and its token value has made significant gains since the end of its initial coin offering on April 7 when early investors were able to acquire the altcoin for $0.03.
 CSPR/USD 1-hour chart. Source: CoinMarketCapData from CoinMarketCap shows that the price of CSPR has vaulted 2,300% higher since May 6, jumping from a low of $1.15 to a record high at $28 on May 10 as excitement and trading volume surged.
Major exchange listings spark a frenzyThe CSPR IOU token was listed shortly after the completion of its ICO on some of the more obscure, low-volume exchanges like BitZ where it traded in the sub $3 range until early May.
Price action for the token started to pick up on May 7 as trading volumes began to increase ahead of the May 9 announcement that CSPR would be listed on Huobi, the sixth-largest cryptocurrency exchange, a development that was registered by the Cointelegraph Markets Pro 'NewsQuakes' system ahead of the price rally.
 NewsQuakes™. Source: Cointelegraph Markets ProTrading volume on exchanges that list CSPR increased six-fold following the announcement and this propelled the token price 933 times higher than its ICO price just a little over a month before.
Partnerships point to significant use-case potentialA scroll through the project's Twitter feed shows that there is more than just speculative hype behind the token's rising value as multiple partnerships and protocol developments indicate Casper has a strong foundation and significant growth potential.
Following Casper’s mainnet launch on March 31, the protocol announced multiple collaborations including partnerships with Terra Virtua, BIGtoken, WISeKey and Lead Ventures. The team also initiated the launch of the DEVvDAO, a platform that issues grants for open source development on the Casper network.
The protocol has also benefited from its focus on development and expansion into Africa and the Middle East, two areas of the world that remain relatively untapped as far as the true potential for growth that they offer the blockchain sector.
Even though Casper is not widely listed at major exchanges, the hype surrounding the token, and the performance of other IOU listings like DOT prove that investors are interested in the project.
Aside from speculation from traders, the project already has strong relationships with established crypto-firms like BitGo and the fact that there are a variety of use cases suggest that there's more than the hype surrounding the recent price surge.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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