Jan 10, 2022
Summary:
Do you ever wonder what happened to those that got into
cryptocurrency—specifically Bitcoin—around ten years ago? I sit
down and chat with Mark Basa, one of the crypto kings that set out
to disrupt a centralized system in 2010. His current company (HOKK
Finance) seeks to continue this decentralization, replicating a
traditional bank that operates off of the innovations of the
blockchain. Mark is a visionary who is thinking ahead to imagine
the future of the economy in an age of intense digitization and
exploration. Tune in to hear more about his current pursuits and
ideas.
Highlights:
-Imagine if you had gotten into crypto/Bitcoin 10 years ago (and
held onto some of it)
-Mark Basa is one of the crypto kings who no longer has to work and
can live off of his crypto winnings
-Back in 2010/2011 when Mark Basa and his friends discovered
crypto, they wanted to disrupt a centralized system
-They had a vision of what Bitcoin was going to do, and they
pitched to a lot of traditional financial investors
-They are now rebuilding this concept with Ethereum
-There’s a lot of experimentation going on in the blockchain
-We don’t need all of the currencies, but a lot of them will stay
because of the nature of people
-There are a few major chains that people are going to build
decentralized applications on
-There is a scalability issue because so many people are using
it
-Only a handful of chains will survive in the end
-When big tech creates their own coins/tokens, you have to look at
what these companies are responsible for
-Blockchain is a cure and a disease to the centralized currency we
have today
-Basa’s concern is how power is going to be shifted from
centralized banks to blockchain
-At some point, there’s going to be a fall of power
-Bitcoin nodes are coming from a multitude of places, but China
owns most of the world’s Bitcoin
-If the government tries to ban any of these currencies, people
will find new ways to go about creating them
-HOKK Finance is building decentralized services that replicate a
traditional bank
-NFTs are going to start to replace many things; one example is the
contract
Useful Links:
Financial Survival Network
HOKK
Finance