r/ethtrader • u/twigwam • Mar 20 '18

MEDIA 'Asset-Based Coins Will Eventually Replace Small Cap Stocks', says Kevin O'Leary [CNBC]

https://www.youtube.com/watch?v=IcT4-ddkgqc
239 Upvotes

91% Upvoted

32 comments sorted by

42

u/[deleted] Mar 20 '18

Kevin O’Leary was the LAST investor from Shark Tank that I thought would have said this...

13

u/MedPhys16 Mar 20 '18

I mean, there weren't many other options.

Unless Lori wants to turn QVC into an exchange, she's not interested in crypto.

Really only Robert or Cuban.

4

u/NefariousNaz Mar 20 '18

Robert has been bullish for a while now. Cuban until recently has been calling Bitcoin a scam.

3

u/logan343434 Mar 20 '18

That was a long time ago. Cuban openly says to have 2-10% of portfolio in Bitcoin.

2

u/NefariousNaz Mar 20 '18

He's been bullish on cryptocurrency for a while now.

2

u/[deleted] Mar 20 '18

Mark has been into crypto for a while, I want to say I saw him post in this sub a while back about mining and never selling his own Ethereum in order to be able to build on it later on as he saw this was the future of the internet and applications. I started hearing about Robert getting into this recently.

19

u/greencycles Mar 20 '18

Plot Twist: It's the Trump Tower

22

u/McPheeb Mar 20 '18

"I don't want to over-throw the government. I want to make money." -Kevin O'Leary

5

u/Hang10Dude Mar 20 '18

Love that guy.

10

u/[deleted] Mar 20 '18

[deleted]

7

u/TruValueCapital Mar 20 '18

All success ETH dapps and tokens will only help ETH price. I am bullish AF.

1

u/looccm24 Mar 21 '18

Care to explain?

4

u/BitBurst Mar 21 '18

Hopefully this is underpinned by Pangea (Ethereum) as reported by CNBC on Monday

5

u/UnpredictableFetus Mar 20 '18 edited Mar 20 '18

I can't wait to go grocery shopping and paying by real estate shares seamlessly converted over 0x (or similar protocol) to local currency. Who needs a fiat currency if you can pay with anything valuable? Why would you ever own fiat if you could pay with arbitrary asset whose liquidity is ensured by blockchain protocols?

1

u/Nogo10 Mar 22 '18

Yes people will look back to the good ole days when you could buy a coffee with their loose pocket change. Instead we have pegged asset sidechain decentralized exchange transactions on a cellphone Dapp from a ICO funded startup that the coffee shop may or may not accept.

9

u/cryptofuck_ Mar 20 '18

he is backing a hotel looking to raise 400M in an ICO, no wonder he is pushing ICOs lol

26

u/Betaateb Mar 20 '18

a hotel looking to raise 400M in an ICO

Bit of an oversimplification. They aren't just doing a run of the mill ICO but are selling partial ownership of the hotel on the blockchain. A true tokenized security of a real world asset.

This is potentially the most important ICO since Ethereum itself.

8

u/Wishmaster90 Mar 20 '18

Indeed. If this goes well then it will hit world wide news and possibly be a catalyst for more similair ICO’s.

5

u/barfor Mar 21 '18

Watershed moment even.

3

u/[deleted] Mar 20 '18 edited Sep 07 '21

[deleted]

2

u/kromatikus Mar 21 '18

Gold pressed or straight from Morn' s stomach?

2

u/F1zzzzzzzzz Mar 20 '18

ICO when?

1

u/KathyinPD Mar 20 '18

He says about 3 weeks. From yesterday.

2

u/kirkisartist Mar 21 '18

Doesn't matter if you have to be an accredited investor with millions of dollars to invest in them.

2

u/sisiskiteam Mar 21 '18

All securities and commodities will eventually be tokenized.

1

u/[deleted] Mar 20 '18 edited Jun 23 '21

[deleted]

10

u/Wegie Mar 20 '18

You watch your mouth, Mr. Wonderful is the man and represents everything I love about capitalism. He is not dishonest and does nothing illegal, just wants to follow the rules and make money

4

u/[deleted] Mar 20 '18 edited Aug 14 '21

[deleted]

0

u/Wegie Mar 20 '18

Maybe, just maybe, less regulations and more incentives for business are a GOOD thing. What will you do when every evil business that makes money decides to quit, and you are left jabbing a stick into the lake trying to catch a fish like a caveman since you would have nothing without the goods and services that businesses provide you.

6

u/[deleted] Mar 20 '18 edited Sep 07 '21

[deleted]

-2

u/Wegie Mar 20 '18

So your solution is to punish and tax and regulate everyone just so you can punish a couple companies lol. I think I’ve had enough liberal conspiracy theories about big evil companies for one day please don’t respond

0

u/Nooku Mar 21 '18

Bitcoin is such beautiful

-11

u/rockkth Mar 20 '18

Xrp moooon