WHERE DO YOU SEE CRYPTO in few years from now .... join this challenge and earn solid upvote (up to 100k SP)

2개월 전

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INTRODUCTION

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Just yesterday, I had the pleasure to get to know someone who is quite familiar with blockchain technology and the cryptocurrency space. After our chat ended, I received an email with a few interesting questions, which inspired me to launch another small challenge. A challenge that gives you the opportunity, dear readers, to share your knowledge as well as to earn a solid upvote (50-100k SP) on your comment.

I myself found some of those questions to be quite challenging and they may require some imagination. Hopefully I got your attention already :)

3 QUESTIONS and my personal answers

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QUESTION A)

  • What is the best way to spend your first crypto?

QUESTION B)

  • Who are the crypto industry leaders in your view and why?

QUESTION C)

  • How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

MY PERSONAL ANSWERS

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I wrote my own answers to all those 3 questions in the comment section below. However, I would like all of you to share your own thoughts before checking my comment.

LAST WORD

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Allow me to underline that I do not require replies to all those 3 questions. Focus on those of which you feel comfortable with.

As I mentioned above - I will reward all most valuable comments with a solid upvote (Worth 50-100k SP).

Resteem and SUBSCRIBE TO OUR COMMUNITY:

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I would naturally appreciate every single resteem, as it would help me reach out to a wider audience.

Also if you're interested with topics related to technology, blockchain, AI or economy, business, marketing, social media and psychology, then consider visiting our Project.Hope community and subscribe right away.

Yours, Piotr
@project.hope founder

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My personal answers to questions above:

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QUESTION A)

-What is the best way to spend your first crypto?

This is surely something very personal. I decided not to spend my first crypto (and pretty much every crypto I've ever purchased or earned). Instead - I would purchase more STEEM and power it up (STAKE it), knowing that it will help me grow my influence on our Steemit social media platform.

What would you say if you were ever asked a similar question?

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QUESTION B)

  • Who are the crypto industry leaders in your view and why?

I'm not sure if I can pin point one person which I would consider a strong leader within the crypto industry. If I had to select a few people which work I like to follow, then my pick would be Mark Moss and Raoul Pal from Real Vision.

If you've never heard of any of those 2 amazing people, then I would like to encourage you to invest some time and find their videos on youtube. The knowledge they share is often mindblowing and they both focus on cryptocurrency from a macro-economic point of view. Both of them explain the mechanics behind the current world monetary system and ways that it may affect the cryptocurrency markets in present times and the nearest future.

I also would like to mention the co-founder at Morgan Creek Digital Anthony Pompliano and obviously very well known Vitalik Buterin.

Would you have any favourite leader you like to recommend? And if you do - let me know also "why" would you choose those particular people.

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QUESTION C)

  • How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

This is by far the most difficult question of out all that I've received.

After all, the crypto space is evolving in such a dynimic and rapid speed and it seems to be very unlikely that this would change and slow down. I found it difficult to imagine how the crypto world may look like in a year or two from now. Not to mention in 5 years.

Currently the entire world is entering another global crisis and we're witnessing a massive printing of FIAT currency by FED, ECB and other central banks. At the same time, the monetary policies and regulations are becoming stricter and more capital control is being introduced.

Also, I found it very important to separate the "crypto world" from the "blockchain industry". Those 2 are obviously related, however both are serving different purposes.

I'm sure most of us will agree that even 5 years from now - crypto will not serve as a replacement to FIAT currency and will more likely be used as a store of value (slowly replacing gold).

One thing that I'm very certain is that regulators will shape this industry in ways that we cannot yet imagine.

Greetings to all the members of PH, for me it is a great pleasure to read and participate in initiatives as smart and attractive as she is, and if you are a reader who came here by accident or curiosity I invite you to be part of our community and participate in this and those of initiatives we offer 🙂.

Regarding the questions, here are my answers:

QUESTION A)

What is the best way to spend your first crypto?

Well, because I live in Venezuela, it is quite known that we are one of the countries with the most boom regarding the use of cryptocurrencies and his generation, since due to the crisis we face we have found novel forms of investment and businesses using them.
Among the novel and numerous ways that h handled during these years, I can say with great confidence that the use of steemit has been my favorite, although I have used Splinterlands (with excellent results), and also Telegram through the theme of the different channels that offer news about the new Airdrop which has really made a major difference.in my income. They really are very simple and interesting ways to get a systent during crisis situations, even more so in moments as it is in the you need to work remotely.
I will always choose to Stake and invest in power up here in steemit 🔥🙂.

QUESTION B)

Who are the crypto industry leaders in your view and why?

Well my references without a doubt are @ned that I managed to create this invaluable platform, that supports thousands of people.And of course @crypto.piotr who has shown be an excellent leader, leading from the beginnings (I still remember those times when that made databases for him, about steemit users, what as I remember it was there's beginning of this great project),which now has a huge momentum is one of the most important references among different communities that make life on this blockchain. Impressive work Piotr, thank you very much for all the knowledge you offer us 👍

QUESTION C)

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Well, I have no doubt that Defi and steemit will be (and are) protagonists i.pirtsntes and surely the m valuable to reach that future. I am optimistic about it and I wholeheartedly recommend to any user who the moment to invest time, money and effort is right now, since from here to 5 years the earnings that could be have they are simply going to be gigantic, the learning curve demonstrates it, but of course this is only the humble opinion of steemit user for 2 years.The world in 5 years will be managed by Defi and IOT and I definitely feel very excited about it.

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Amazing feedback @reinaldoverdu

I truly appreciate your time. Solid upvote on the way :)

ps. hope to see you posting within PH more often,
Yours, Piotr

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Thanks Piotr, it's a pleasure.As soon as I have some time I will publish within PH, these days have been very hectic for me.

QUESTION A)
-What is the best way to spend your first crypto?

Surely the great gurus of the economy and the main development will say something like the best thing is not to spend the best is to re-invest, I think that would be the smartest thing to re-invest in the same token or enter is not a bad idea, however I would say that acquiring something that you were wanting or waiting for a long time, would make you more aware of the potential of cryptocurrencies, in me I almost spent the first cryptocurrencies that I earned on food and to be honest, I have not spent cryptocurrency on something other than food is my dream accumulate as many tokens as possible.


QUESTION B)
Who are the crypto industry leaders in your view and why?

Apart from justinsun I do not know another great name, perhaps that of @ned creator of steemit and of course the angel who saved my life @crypto.piotr


QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I can imagine something very organized in 5 years, governments will have strict regulations for cryptocurrencies but it will be a victory for us, for humanity in general because the benefits that are enjoyed today in cryptocurrencies will not be lost, on the contrary I can To anticipate thinking that central and private banks will go in that direction, the direction of financial freedom, of economic freedom, I assume that banks to be competitive will absorb typical characteristics of the blockchain.

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Amazing comment @ramsesuchiha

Thank you. 100k SP upvote (from my account and project.hope) on the way :))

I salute the PH community, I like the challenges we can win with as we learn, my answers are based on my life with cryptocoins and my relationship with the block chain a relationship that is more emotional than logical.

What is the best way to spend your first cryptography?

Considering the factors that led me to the crypto coin ecosystem, it is very easy to answer that question. For me, the best way to spend the coins is to buy food, medicine and pay for basic services. I think it is the best way to spend for three reasons:
1- allows you to understand that if it is possible to live off this ecosystem and that coins are real money that you can use to cover your expenses month by month, from my point of view the most difficult thing for people is to see for themselves that coins are money and that nowadays the forms of payment have evolved, referring to the BTC as real money is something "easy to say difficult to understand

2- if you can pay for all your cats month by month by passively generating coins you will achieve the much desired financial freedom that is more feasible to achieve through coins than with traditional methods.

3- Knowing that your money does not lose value because of bad policies by a group of people is something that allows you to sleep peacefully, I understand the risks of the market but if you generate more than $300 in coins you can live in any Latin American country.

Who are the leaders of the cryptography industry in your opinion and why?

It is relative to say who is the leader, since in the coin ecosystem there are many paths and each path has its own leader. Characters like "Vitálik Buterin" leading the smart contracts or "The Winklevoss twin brothers" seeking the acceptance of the BTC by the US. They are just one of the many leaders leading this industry, so I believe that there is no single leader as there is no single path.

What will the world of cryptology look like in 5 years and what are the most important initiatives today that will take us there?

Some time ago I read a Chinese saying "it is difficult to predict, especially the future of things". I can't know what the future holds for the coins, but if I can say that this is what I expect from me in 5 years in the coin world, I see myself with an investment portfolio which generates more than 10k a month, i believe that i will be able to help entrepreneurs in developing countries to overcome their shortcomings, these are my plans and my goals now if i were to talk about which technology in the near future will be the most profitable i believe that block chain based (IA) is something that will generate a lot of money in the coming years.

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Amazing comment @trabajosdelsiglo

Thank you. 100k SP upvote (from my account and project.hope) on the way :))

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AI (artificial intelligence)

QUESTIONS and my personal answers

QUESTION A)
What is the best way to spend your first crypto?

Answer:

I will say that question looks a bit confusing to me though but I will say to the point I understand it, in what way can you spend your first Crypto been earned.

Well to me, the best way is getting something valuable, durable to always remember. That kind of feeling one will always Get to feel that you bought this with your first Crypto whenever you stare at it. Or perhaps you can find a cool join, bar, beach and get to relax your head and feel been at the top of the world with your first Crypto .

QUESTION B)

Who are the crypto industry leaders in your view and why?

I believe crypto industry leaders are people who are leading the crypto space in terms of the recognition they have gotten, the influence they have been able to build around their name.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

One of the thing I am always certain of is that the future is great for Crypto space. Now take a moment to reflect back to give years ago, the position the Crypto world is and compare it with now and you will see a massive difference and growth couple with development witnessed in the past five years. Now in the next five years to come. Definitely the Crypto space will witness a great development, growth and adoption that will take the crypto space to the higher next level.

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Amazing comment @mandate

Thank you. 100k SP upvote (from my account and project.hope) on the way :))

QUESTION A)
What is the best way to spend your first crypto?

I would look for a way to make more money with it. Why? Because crypto market is way more volatile than stock market and so, you can see some overreaction on the market from a far, and you already know what the market will look like in few days or so... Otherwise you have some financial indicators to give you a clue. So I recommend to play a little. Little bit of stacking and little bit of trading. And also try to buy something cheap. Just so you will get a grip.

QUESTION B)
Who are the crypto industry leaders in your view and why?

I can only name a few, I know. And those are Blockchangers, Soulab, Unicsoft, and the old company Altoros. They deliver smart contract solutions, build dapps, consolidate... Why? Basicly those companies are massively bringing blockchain technology to every company (one way or the other). Companies are bringing this technology to their workers... see where I'm going with this?

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I guess corporations and big banks will try to take over most users with their centralised systems. But I think that's too late, because most people who already use cryptocurrencies daily, will not go into the system where someone can just block your acccount. I think crypto world will be a lot more ...let's say useful for masses and easier to use. Cryptocurrencies will be many times trading between friends instead of central bank currencies. Because by that time, people will know better how to use them further. And most important initiatives today are to make usefulness outside of web in real life...happen. I am talking about local shops, all kind of services including tourism....where you can pay with your crypto if you want. I am talking about stacking your cryptocurrency on you favourite hairdresser account, so you will always have 20% off... did I go too far? :)

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Amazing comment @worldfinances

Thank you. 100k SP upvote (from my account and project.hope) on the way :))

Good evening @crypto piotr and friends!

QUESTION A)
-What is the best way to spend your first crypto?

I wouldn't spend the first cryptography I received, but I tried to study and see what project other than steemit might be appropriate to increase my holdings and gradually start diversifying my portfolio.
A good investor knows the importance of diversification and above all the initial sacrifice that it costs to get hold of capital in order to generate more resources.

We must study and train ourselves in the cryptographic world because it will be the future of finance at a global level.

QUESTION B)
Who are the crypto industry leaders in your view and why?

I will not answer question B) because I do not have the appropriate knowledge and I do not want to risk for the sake of risk.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Personally, I think that in 5 years time cryptomonics will be massively adopted as a payment method or even as a standardization of relative prices worldwide.

Cryptography is here to stay and in a very short time it will transform the traditional financial system. Like everything new it offers some resistance, but the trend will definitely go towards cryptography and especially towards blockchain technology.

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Thank you @pablo1601 for this awesome comment
Solid upvote (around 100k SP) on the way :)

Hi @crypto.piotr, here my entry:

1.- What is the best way to spend your first crypto?
Personally, I think that the best investment is to buy the same token or a variety of tokens that generate a good return on investment in an acceptable period of time, since I believe that not all the income resulting from the economic movement in cryitoactives should be to be spent on its entirety. When I joined steemit in a short time I participated in 2 spud4steem investing all the SBD I had at that time and I think the results obtained have been great.

2.- Who are the crypto industry leaders in your view and why?
At this moment I do not remember in Venezuela any leader in the cryptoassets industry.

3.-How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

In just under 5 years, the most likely thing is that economic transactions will be carried out with crypto assets, because this trend is here to stay, the blockchain is what makes these transactions more reliable and secure. And considering this, the best initiative is to buy cryptocurrencies, keep savings in cryptocurrencies, find alternatives where you can generate income paid in tokens and never have all the crypto assets stored in one place (as we do with savings in banks)

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Appreciate your feedback @tocho2

Thank you. Solid upvote (around 100k SP) on the way :)

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Thanks a lot friend..!

First of all, you lured me into this post with the title, anyway is nice.

#Question A: The best way to spend my first crypto is for me to reinvest part of the earnings into something profiting. Maybe business while the rest part will be used to get myself some treat.

#Question B; Who are the crypto industry leaders in your view and why?

Leaders in cryptocurrency are people who have impacted the system in one way or the other. As for me, I will choose Ned and Dan of steemit. The reason I am choosing them is because they are the one that built a system that rewards users for what they post. It is through steemit that I was able to know what Cryptocurtency is and steemit is my first love.

Another person I will mention is @crypto.piotr. If you are privilege to meet this man, you should count yourself lucky. He is a rate gem who has impacted the blockchain positively.

#Question C; How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Change is the only constant thing in life, in 5 years time, I am seeing crypto getting more use case and solving more life problem. The constant update and invention is what will take us there.

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Appreciate your feedback @tfame3865

Thank you. Solid upvote (around 100k SP) on the way :)

Question A:
I already spent my first crypto to buy some other crypto. Yea, I believe in this stuff! Once it moons and you can afford that Lambo, go buy something practical. Perhaps something that will provide a steady cash flow. Forget about that Lambo, it's just a money-pit.

Question B:
I'm terrible with names and hardly know anyone in the crypto-world. The only name I know is Vitalik of Etherium fame. I watched an interview of Vitalik's father and either he's a great PR man or just a really nice guy. He convinced me that Vitalik has honorable intentions and is truly working to make the world a better place. Who wouldn't want to support such a noble cause? I bought some ETH.

Question C:
I think the crypto-world will look much like it does now in another 5 years. People will still be looking for that magic coin that will 1,000X their investment. They will still play the market and someone will always be trying to scam you out of your money.

I expect that we will have better user interfaces to make dealing with crypto much easier than it is now. Wallets that consolidate the various coins and take the hassle out of managing all the various coins will be most popular. More merchants will begin accepting crypto directly, but it will not be mainstream yet. There are too many coins and making wallets/payment gateways for each one is far too cumbersome. An automated exchange may be required so that customers can pay with their chosen currency/coin and the merchant will receive just the one coin they prefer.

I suspect that while some new coins will appear, a large number of coins will disappear as the strongest coins make the others irrelevant.

Bitcoin might still be the dominant coin, but the lead it has will shrink as other coins gain media attention. The public will become aware of the fact that there are other crypto-currencies besides Bitcoin.

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Brilliant comment @happyme

I appreciate your time and effort buddy. Solid upvote on the way :)

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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Much appreciated.

I haven't been nearly as active on this platform as before. I have too many projects that need my attention. Hopefully in the new year I can whittle that long list down to something more manageable so that I can once again participate more without feeling guilty about it.

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Please, do not ever feel guilty @happyme

If anything - I can only be pleased if you decide to visit our community and share some valuable comment :)

Stay safe buddy,
Piotr

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Feelings are not easy to control. And when we know we should be doing something that has more importance, there needs to be some mechanism that encourages us to do the proper thing.

You know... when I think about that... I'm awe-struck at how perfect we are created. Life is indeed an amazing creation.

Pardon me @crypto-piotr, my conscience does not allow me to restrict my emotions and thought to answer two out of three questions as a comment here, Hence I published it as a post separately. I believe you will read it.

https://steemit.com/hive-175254/@sapwood/reading-habit-an-invisible-unmeasurable-thing-yet-a-key-ingredient-of-a-writer-in-steem-blockchain

Reading is more important than Voting. In fact, that's the need of the hour.

Thank you.

Steem on.

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Dear @sapwood

Thank you for taking the time to share your thought

believe you will read it.
You bet I will :)

Cheers, Piotr

Greetings my dear @crypto.piotr, I did not want to be left out of the euphoria of the participants of your survey and so here I leave my contribution in relation to the questions you pose us:


QUESTION A) What is the best way to spend your first cryptography?

To be honest, in this short time that I have as a content generator for the steemit/hive block chains, I have not seen the need to withdraw the digital assets that I have generated so far, on the contrary I have made an investment of time and have injected my coins in improving my voting power in each of the platforms mentioned above, the purpose is to generate passive income but sustained over time, I consider the most timely way to work for new users we are starting in the digital world.


QUESTION B) Who are the leaders of the cryptography industry in your opinion and why?

I continue with the same line of thought, although somehow I have established a good reputation within the block chains, I have not focused on looking for information about the top of the best characters within the cryptographic industry and I will not do it to answer your question, I consider it would be cheating if I use the internet to find out at this point.

Now, if you ask me who have been the most influential people in the time I have on the platform I would say @lupafilotaxia and @crypto.piotr respectively. The first one for guiding me in a path that undoubtedly has oriented me towards a positive escalation within the block chains and the second one for making me change the conception of the digital world with opportune policies that impel the growth of each one of the users through @project.hope in its dynamics of win-win.


QUESTION C) What will the world of cryptology be like in 5 years and what are the most important initiatives today that will take us there?

Due to recent events that refer to the extraction of a considerable amount of bitcoin by the Chinese authorities, until the fall in value of this currency in recent weeks, considers that there will be years of sustained growth for the digital and cryptographic world, however, we will be in the presence of high governments participating and making transactions through these means, somehow hijacked bitcoin and small users would be the most affected, notes that it is only my perception and that I am not an expert on the subject.

Hello everyone, so i am just gonna answer the first and last question because those are the ones i feel comfortable with and this is my entry for the challenge.

  1. What is the best way to spend my first crypto..
    I actually had alot in mind when i was joining the crypto world, but most importantly, i would reinvest it so it keeps growing, because i know crypto is becoming bigger and bigger.

  2. How the crypto world is going to look like in 5years time.
    I see it replacing the US dollar as the settlement token for international trade and finance and might be like a mainstream in the society. We all know that the Economy cant be reverse like it use to due to the covid19 crisis, i see crypto becoming a technology that will take over the world in every little thing, where you need to have access to digital things like mobile, IOT etc. So the Concept of IOT and Crypto is coming closer.

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Thanks for dropping by @kinkyamiee
Solid upvote (around 100k SP) on the way :)

This is about the first time I will be joining a challenge on Project.Hope and it's surely a topic most steemians and crypto users should constantly ask themselves because the future of cryptocurrencies will be determined by all and sundry.

Where Do I See Crypto in few years?

Cryptocurrency I believe will be the future of all forms of online trading in about 2-4 years from now. Of course usage of cryptocurrencies is reaching new heights as the day goes by. So I see crypto doing very well and more stable few years from now... Now let's answer the questions dropped on this post.....

QUESTION A)

What is the best way to spend your first crypto?

This question seems a bit personal nevertheless it's always fun to share with people of like minds how best you will spend your first crypto.

My Answer

My answer will depend on three factors;

  • If it's on steemit: I'm going to use it for upvote if it's on steemit
  • If it's on other trading or exchange platforms and it's one of the less rated coin, i guess I'm just going to watch it increase
  • If it's one of the highly rated coins, I'll just sell it off immediately.

QUESTION B

Who are the crypto industry leaders in your view and why?

As far as I could tell and also based on my level of exposure to the cryptocurrency world, BINANCE is the leading crypto industry based

Why?

  • It's one of the most reliable crypto trading platform
  • Minimal or Zero glitches
  • No delayed confirmation of coin

QUESTION C

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

As I said in my introduction, crypto world I going to be the future of online businesses... Majority of online businesses already use cryptocurrencies so I can see more dependent on cryptocurrencies in about 5 years from now and I also foresee a more stable cryptocurrency world. The initiatives that's going to take us there are;

  • The different discount rates on each exchange platforms
  • More promotion on cryptocurrencies just like the TRON-STEEMIT incorporation
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Brilliant comment @akeenze11

I appreciate your time and effort buddy. Solid upvote on the way :)

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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Hi @crypto.piotr here my answers in reverse.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I would like to start answering this question because I think that this 2020 has given a strong boost of growth and diffusion to the world of cryptocurrencies and I assume that in the next 5 years there will be a further evolution, certainly a greater mass diffusion of cryptocurrencies but above all of altcoins. and related projects.
People are learning that blockchain is a standalone technology compared to bitcoin, until a while ago there was a lot of confusion. While today there is more and more talk of blockchain being used in many new start-ups and many traditional companies try to keep up by updating their old IT systems to new technologies based on shared and immutable ledgers.
The EU is also pushing member countries to digitize public administrations by investing mainly in projects based on blockchain technology with the main aim of improving communication between citizens and governments to simplify the way they interact with each other and increase the efficiency of the latter thereby strengthening the trust of citizens in them.
So I see an improvement in the coming years where blockchain will be introduced in any public structure and private company.
While as regards Bitcoin I think it will be increasingly institutionalized and less used in day-to-day negotiations.
If the run of Bitcoin does not stop but also continues to maintain this price range, it will increasingly be considered a store of value, what I am noticing in this latest period of rise is that the market is increasingly conditioned by masses of intervention of big Bitcoin capitals that are not only the movements of the big whales we have been used to for some time, but it is the new big institutional investors, such as banks, insurance companies, investment funds, pension funds, etc., who have every interest in deciding the trend of Bitcoin having invested large capital in the most famous cryptocurrency in the world.

We mere mortals are left with the other cryptocurrencies already consolidated for years and the latest generation altcoins, probably traded in decentralized platforms that are increasingly known and established in the coming years and above all, I believe that the stablecoins that will allow us to change our crypto in times of falling market and above all will be used daily for payment services or for financial services will increasingly assert themselves.
But this is only my opinion.

QUESTION B)
Who are the crypto industry leaders in your view and why?

It is clear that there are the classic famous names like Vitalik Buterin, Justin Sun, Chris Larsen and many others.
I like to look at young projects made by young people who are committed to creating useful start-ups that benefit everyone, both investors and end customers. This is the case of an all-Italian project of young university students who have created Young Platform, an innovative startup that teaches inexperienced users to explore the world of cryptocurrencies and through steps to get to buy and sell cryptocurrencies. Then to incentivize users there is a whole system to earn coins through walks, it is not original but it is an incentive to move and collect coins. A good way to introduce Italians to this world. Young Platform

QUESTION A)
What is the best way to spend your first crypto?

Here the matter is complicated because I don't like spending my cryptocurrencies, unfortunately I'm a bit stingy or maybe a Hodler inside. Of course it is still a bit complicated to use crypto directly to make purchases, yes there are some credit cards that convert crypto at the time of purchase but I don't like them. Because I believe that crypto wallets and the possibility of paying via QR code go beyond the concept of a credit card linked to a platform to which you have to pay not so advantageous fees.
I know that it is still difficult to use our crypto wallets in stores directly, so I'm waiting for paypal to accept crypto as a payment system I'm waiting, it would be practical, fast and simple, within everyone's reach. For now it is a project that concerns the USA, but I am sure it will also arrive in Europe. And of course, I am waiting for everything that will come later and thanks to paypal.
Just have a little patience.

Thank you very much for this challenge, it gives us the opportunity to discuss these issues and discover different ideas and thoughts by reading the comments of other users.

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Wow. Amazing feedback @mikitaly

I truly appreciate your time. Solid upvote on the way :)

ps. hope to see you posting within PH more often,
Yours, Piotr

Hi Piotr, here are my answers to your questions:

What is the best way to spend your first crypto?
I would encourage everyone to "wait" with the spending first crypto until some kind of a bull run peak. And then do whatever you wish - turn it into real estate (buy a house, flat, investment apartment), stocks, precious metals, fiat money...something that can also work for you (earn interest). Don't spend it on dumb things such as Lambos and big TVs (well, if you have none, you might to do so).
Before spending, try to educate yourself about the long-term crypto cycles, this is the most important of all!

Who are the crypto industry leaders in your view and why?
In my opinion, crypto leaders are those who educate others. So my picks are Andreas M. Antonopoulos (Bitcoin, Ethereum), Anthony Pompliano (YouTube channel and other activities), Ivan Liljequist (Ivan on Tech YouTube channel, and his Ivan on Tech crypto academy).
From developers, I think the best examples of industry leaders are Vitalik Buterin (Ethereum), Gavin Wood (Polkadot, exEthereum), Charles Hoskinson (Cardano, exEthereum). Well, Vitalik is in my eyes too technical type, but I would encourage you to watch videos with Gavin and Charles all over the internet.

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?
Gavin Wood is trying with the Polkadot ecosystem to fix present Web 2.0 to the decentralized way of Web 3, a must is to read his article why we need web 3.0!. In 5 years, we will already have a functional ecosystem around Polkadot and no giga-corporations will ever owe our own data on the internet (or at least the people connected to those ecosystems).
Now just take a look on facebook, google and other gigants - they are selling your own data to other companies. This will be different.
DeFi - decentralized finances will prove their way and shine on the background crisis of the world's economy due to printing money in big. Inflation will cut a lot from people who are not "on-chain". Those, who will be using DeFi and CeFi will benefit from it and will have options on how they can handle their money without a middleman that makes the rules. The code will do the rules! The future is bright as we never thought a few years ago because the blockchains are here not just to sending value from Alice to Bob limitlessly!

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Wow. Amazing feedback @ritxi

I truly appreciate your time. Solid upvote on the way :)

ps. hope to see you posting within PH more often,
Yours, Piotr

A) Converting to Hive or Steem and then Power Up

B) To my opinion, VitalikButerin. Because an upgrade to the Ethereum blockchain, ETH 2.0. The upgrade aims to enhance the speed, efficiency, and scalability of the Ethereum network so that it can process more transactions and ease bottlenecks.

C) The most important initiatives today is that we can do transaction 7/24. Digitalization has been accelerating faster than before due to COVID-19. And this digitalization together with blockchain technology will replace many fields in economy in five years to come. Even today during the pandemic, we wouldn't work home office, online education, shopping and so on witouth digital tools and technologies.

C) Current financial giants will have swallowed up much of cryptospace. CBDC will be a real thing, so why bother with other cryptos? Some may be large enough to remain as new players - just as some medieval banks had to give way to newer banks in 18th C.

What central banks really hate is giving up their privileged position and the special relationship with their fave bankers. Fractional reserve banking may be a thing of the past as it is not easy to encode without erecting barriers. Something the ECB is considering is how an individual can have direct access to central bank. They don't like that as it levels the playing field. Defi look like experiments in leveraging - which is what FR banking is.

Cryptoeconomic systems such as steem may end up proliferating and serving as yield farms or bond issues. Actual economic systems may fade away due to lack of numbers.

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Thanks for dropping by @accelerator
Solid upvote (around 100k SP) on the way :)

Greeting @crypto.piotr

QUESTION A)
What is the best way to spend your first crypto?
I believe that The crypto market is super undervalued in general.
In fact, I think it would be unwise to forfeit any crypto right now.
There is nothing stopping ETH or LTC(for example) from pulling a 2X over the foreseeable future...
There are also some mouthwatering and promising low cap altcoins which I'm keeping a close eye on, and maybe in due time, I'll venture to invest in them.
So yes, all that I'm trying to do right now is to increase my little holdings of high profile cryptocurrencies, and I don't think that I'm going to spend any of them any time soon.

QUESTION B)
Who are the crypto industry leaders in your view and why?
I think the strongest privilege of decentralization is not having a single leader
There are however great contributors who have helped make the crypto world more sophisticated and popular.
First, we have the anonymous Satoshi Nakamoto who is considered the father of cryptocurrencies
Secondly, I'd like to mention the legend Vitalik Buterin who opened the doors to smart contract projects
Last but not least, I must admit that I have met nice people in crypto who have all the characteristics of great leaders, and of course you,@crypto.piotr, are one of the best of them. :))

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?
This is obviously the most interesting question...
Well, first of all, we must accept the fact that many regulators don't like the idea of a cryptocurrency being a competitor of centralized financial systems on a large scale, so in the coming 5 next years, I would not be surprised if we witness a kind of regulatory wars against Bitcoin and the wider crypto space
I also do worry about how crypto might be used put in the hands of authoritarian regimes. However, they cannot turn the clock back and I believe a victory will be for us
crypto space has opened new horizons and changed the ideas of money.
In the long term, I believe that crypto could usher in a storm of change not seen since the industrial revolution.

Thank you for sharing your thoughts:))

My answers to the questions asked.

QUESTION A

What is the best way to spend your first crypto?

I think the best way to spend your first crypto is with your family and friends. That's what I did and I didn't regret it because I have many friends who now believe in crypto and are into crypto fully such as @lebey1. The general thought out there is Crypto is scam and when you give them gifts bought with crypto money, they will have a rethink. My first and earned was sold and bought some things for my family and friends.

QUESTION B)

Who are the crypto industry leaders in your view and why?

I will go for @dan and CZ of Binance. @dan gave us this opportunity to discuss here on steemit. He saw the flaws in proof of work and started the Delegated Proof of Stake with Bitshares before launching Steemit and moving to Eos. He's underappreciated and undercelebrated but he is a man of vision. Look at Ethereum moving to POS now. @dan has seen this from the onset and should be regarded the father of any mode of POS. Dan Larimer is and should be regarded as one of the top voice in the Crypto world anytime. His leadership skills brought Steem to his heights and would have launched SMTs if not for disagreement with Ned most especially the famed Downvoted for Aggrandisement

QUESTION C)

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

The crypto world is dynamic and fast changing and hard to predict what it will look like in 5 years. I will try my best to say what I think will happen in 5 years.

Most countries organisations, and institutions are feeling the coVid19 effect and this has raised questions on alternative sources of income. Crypto can come to the rescue. I see many institution, organisations launching their ICO within this 5 years. The coins will be used for many perks. Then I also think we will have real use cases coins that will propel Crypto to mass adoption. Crypto will be accepted as mode of payment in all stores worldwide from the big to the small. Organisations will also look at certain coins as their reserve instead of fiat which is prone to inflation.

I imagine football clubs having their fan tokens, Amazon accepting DPoS coins at their malls and many more. 5 years is not a small time when you consider where the crypto world was in 2015 to what is it now.

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I truly enjoyed reading your comment @zoneboy

Thank you for taking the time to share your thoughts with me.

ps. hope to see you posting within PH more often,
Yours, Piotr

Hmm, interesting questions alright!

QUESTION A)
What is the best way to spend your first crypto?

Found this question rather confusing. I think the author meant, "If you were to spend crypto for the first time, what is the best way you would spend it? I would answer this question rather than the original.

I would choose to buy something using crypto because by doing so I would be encouraging acceptance of crypto among the merchants which is sorely lacking now.

QUESTION B)
Who are the crypto industry leaders in your view and why?

There are many but I will limit it to three:

  1. Charles Hoskinson of Cardano

  2. Rong Chen of Elastos.

  3. Ben Goertzel of SingularityNet.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Very different from today.

Government control will become pervasive but not as tight as they have it on fiat because cryptocurrencies don't have borders. This will create a dichotomy between the normal cryptocurrencies and AEC (Anonymity Enhanced Cryptocurrecies). Crypto projects that want to avoid government scrutiny will shift their operations to jurisdictions that are less stringent. Many of these jurisdictions will be the current tax havens.

Except for the AEC projects, the other cryptocurrency projects will impose strict KYC requirements to be compliant with the mandatory AML and CFT requirements of governments.

Blockchain and cryptocurrencies will be used to standardize ethical data collection. The WEC (World Economic Forum) is already working on it with participation from other governments and industry leaders). See here.

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Brilliant comment @devann

I appreciate your time and effort buddy. Solid upvote on the way :)

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

QUESTION A)
What is the best way to spend your first crypto?

Coming to me,I also power up my steem power using that crypto. With is possible earn good returns with in short period and i love steemit platform a lot than others. Because here I learning huge details about crypto so I dont leave this platform at any cost . Thats why I always try to power up my account as much as possible.

QUESTION B)
Who are the crypto industry leaders in your view and why?

In my opinion crypto market now lead by popular social media persons and institutional investors. Both playing big role in crypto growth.

Coming to me I always spend my free time in Twitter,here i get needed information. For crypto Twitter and Telegram is good choice for getting any information about latest crypto updates.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

With in 5 years we can see lot of big changes in financial field. Soon we see lot of projects developed using Blockchain Technology,all most Countries start to use this blockchain technology for new projects and also try to bring all Government related institutions also in this Technology. Because here we get 100% security,faster, open to all and 100% transparent details so they try to adopt this technology.

From this we see crypto development too.

In my opinion Bitcoin becomes Worlds favourite Digital currency . We see huge investment too. One day it beat Gold investment too.

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Thank you for this solid feedback @lavanyalakshman

I truly appreciate your time. Solid upvote on the way :)

ps. hope to see you posting within PH more often,
Yours, Piotr

Hi @crypto.piotr

3 QUESTIONS and my personal answers that I sincerely hope can help you

QUESTION A)

What is the best way to spend your first crypto?

The answer to this question is somewhat repetitive, and I am sorry to say that the country where I live forces me in some way to use my cryptocurrencies in the following way.

Due to the unstable economy in Venezuela and due to the inflation that rises and rises and rises every day. I must sell my cryptocurrencies to be able to receive Bolivares which is the legal tender in Venezuela and then I must immediately buy dollars, it is the only way to be able to withstand this terrible economic situation in my country.

I'm sorry that it has to be this way, I would prefer to be able to invest my cryptocurrencies in others that can give me much more utility.

QUESTION B)

Who are the crypto industry leaders in your view and why?

Okay I'll answer as the question says, it is my opinion to say that for me one of the leaders of the crypto industry is Changpeng Zhao Executive Director of Binance, somehow I refer again to the country issue, the binance platform lends in As for me, a great support for Venezuelans who must exchange our cryptocurrencies and binance offers great advantages to Venezuelans.

QUESTION C)

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Okay in terms of time I think that the future is very uncertain but not in a negative way, in this case I think that every time it becomes much more solid as people realize that the scope that this world has, Of course, undoubtedly it also depends on the country, honestly one of the best initiatives is the blockchain with the creation of content, more and more people are beginning to know it and realize its scope, you and all of us here can attest to that . so content creation is a structure that can go a long way.


I hope that my answers are useful, greetings friend Piotr.

Hello friend @crypto.piotr some very good questions, I particularly have an answer for 2 of them:

The first one: What is the best way to spend your first crypto?

I believe that the best way would be to generate more income, in order to obtain our financial freedom we must walk towards multiple incomes, and that is what I have in mind today, it can be to invest in the same token or simply to invest in another crypto currency, as long as the results are beneficial. Saving without a passive production in my opinion is useless, it is stagnant money, so we must have the money in constant movement.

Of course, this is the case for those of us who can afford it, unfortunately not everyone can make investments since their needs do not allow it, those who live from day to day do not have that facility, as is the case of my Venezuelan brothers.

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I think that in a few years we will see crypto-currencies everywhere, if more initiatives are created in order to educate people it would surely end the FEAR for this digital money. Most people think that this is something from another world and that it is also risky, certainly there is nothing safe, but when we know something we acquire more security in what we do and in ourselves.

So I think that being able to pay or acquire certain things through cryptomonies gives us an idea of what we could achieve in the not too distant future. For some reason the banks are so afraid of it.

Some interesting questions Dear @crypto.piotr

QUESTION A)
What is the best way to spend your first crypto?
I feel the best way to spend crypto for me is to save & invest it.
The best way to invest it would be to find a suitable person & get him/her an account on this platform and use the crypto to power it up by way of delegation.
Teach him/her how to follow our community trail and see some money trickle in.
Show & encourage them to create and post authentic posts and see the account and rewards grow.
QUESTION B)
Who are the crypto industry leaders in your view and why?
Satoshi Nakamoto without doubt though I do not know if that name refers to one person, a team or is a pseudo name yet it all started with this name and it changed the world for good.
QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?
I feel crypto would get more mainstream in 5 years time
Which means hopefully you would not get ostracized or demonized for holding crypto
Sustainable alt coin projects would create a supporting economies and people would be able to pay for day to day stuff with crypto.

The most important initiative would be mass adoption. This is easier said than done. However thanks to the proof of brain concept of steemit this task becomes relatively easy.
Though what is slightly difficult is keeping them there.
To keep them active there has to be a good incentive program, training as to how to write good content and very importantly a Fiat-Crypto gateway so people can encash their rewards into their local currency and experience for themselves what difference it makes to their lives.

Along side this I feel steemit should not just be a platform for content creators and bloggers.
We can have platforms with facebook/twitter like interface where likes where more casual postings and sharing can be done and a user activities earns you crypto.

·

I truly enjoyed reading your comment @thetimetravelerz

Thank you for taking the time to share your thoughts with me.

ps. hope to see you posting within PH more often,
Yours, Piotr

Hello dear friend @crypto.piotr
I appreciate this wonderful initiative in the form of challenge..
I think each people have their own opinion about it..
What is my opinion, I have given below.. please have a look..

◆As far as I understand, if you believe in something, then you wait till you see your destination.
A sailor is not afraid of small waves or thunder.
These things also apply in the crypto market. If we believe in long term investment then we need to be patience. We all know about the crypto market that nothing happens here as per our wish. Everything happens according to time and circumstances.
I also do not say that we should sell to our assets if the price increases, rather we should wait for the price to decrease, so that it can be bought twice or 3 times more at the same price. Maybe that's why I haven't sold my coin yet. Neither have tried to keep it in the liquid. It is another matter that some assests have been lost in gambling. It is not that I have lost everything. Yes, many things have also been learned. Maybe that's why I don't care if the market is going up or down. I want to spend more and more time here. I will think about it when I have enough digital asset. So far, I am thinking of just being active.
●There is definitely some source of inspiration in everyone's life, who keeps inspiring him throughout his life. As far as this blockchain is concerned, I think that every person here is excellent in itself. All people try to give their best on their behalf. It is another matter that not everyone meets the test of the logic of the people. It is not necessary that the person who has a strong hold in the world of technical and economics has an equally strong hold in art, photography, cuisine and other fields. Till now, out of all the people I have come to know, I have found only one who feels stubborn. Never give up How many people objected to the memo you send, but you continued to do your work honestly. Today, as #ProjectHope, you have presented a living example of your hard work. More people are associated with you, but a good leader is the one who keeps everyone organized and motivates them to move forward. Not that other people did not work, instead you tried as much as possible to convert small capital into a big one. Small efforts lead to big tasks. You proved it. If I propose your name as a good leader then you should not mind. Lol
◆I always think positively about all things. So I hope that the next 5 years will be good for the crypto market.
If I talk about my country, very few people were familiar with the world of crypto till I joined here. But today, after about two years, maybe one person from my country is joining this blockchain every day. This means that crypto buzz is reaching people. People are giving more preference to crypto market over other medium of investment like banks, insurance, post office. This means that people here are benefiting more in less time. The best initiative here is that people like to compete more than envy each other, that's why I understand that the coming 5 years is going to be more crucial for the crypto market. There are equal opportunities for everyone here. Now it depends on us how we use our investment or intelligence.
Regards
Your @certain

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Thank you for taking the time to share your thoughts with me @certain

Allow me to suggest to use "enter" from time to time, to separate long blocks of text (it would make it easier to read) :)

Cheers, Piotr

Hello @crypto.piotr, good challenge, they are simple questions but they test us, and clearly each one of us will have a different vision and a way of answering that starts from our personal reality.

  • In relation to the first question:

There are realities that make people look for cryptographic space as the only means of life, especially in countries with serious crises, so I see it difficult that these people want to save or invest their profits, they will spend them on food for sure.
Now, personally I see cryptocurrencies as a great reserve of value, more in the future than today, but they work.
There are options that allow you to stake and generate dividends in a passive way, I think this is a good way to invest the first tokens earned. To make an attack in yesterday is a good way of insurance producing and also benefiting others with stronger and stronger votes.

  • In relation to questions 2 and 3, I will answer them below:

It is difficult to mention a current leader, but, I believe that Vitalik Buterin is one of them, and that without a doubt with the project he leads (ethereum) he is opening many doors to the future.
The intelligent contracts, DeFi, have allowed a lot of capital to enter the cryptographic space, and great powers to be interested.
In 5 years, I have no idea what will be from the world of cryptocurrencies, but it will be present in many fields of everyday life, just like the blockchain. World finances are changing, and in part cryptocurrencies are causing this change, however, there are many power players against this technology and economy, so there will be big controls or attempts to control them.

Hello @crypto.piotr 😊❤️, it's really great to see you organizing such a lovely challenge which has to do with people sharing their opinion or thoughts about the three questions you asked related to cryptocurrency and blockchain technology. I'll also be sharing my view as regards to the questions.

QUESTION A)
What is the best way to spend your first crypto?

Well, different people have different priorities when it comes to spending. I could remember how I spent my first cash i earned from cryptocurrency and I can tell you that I loved how I spent it.

The first thing I did was that I divided the money into three three parts. The first part was for investment in which I was able to buy more cryptos for investment.

The second part was for my friends and family. I'm that type of person that loves to impact others whenever I'm successful most especially when I have more money. I always love it when my friends and family enjoy themselves and with happiness all over their faces, I used the second part of the money to buy things for my friends and family because it won't make sense if they don't spend out of my fortune.

I spent the last part (third part) of the money on myself and I was able to engage in charity by giving out to the poor ones just to make them happy too 😊.

I won't mind spending another crypto cash out this same way because I love the fact that i was able to impact others with the money just like I was also able to invest and spend on myself.

QUESTION B)
Who are the crypto industry leaders in your view and why?

I know lot of people may start saying the whales are the crypto industry leaders but the fact is that my answer may sound funny because I'm having a different point of view as regards to this. Also, it's not that I'm against the whales being the crypto industry leaders though but I'm always fond of thinking from another perspective.

If I'm to answer your question, I'll go for the people or the masses and not the whales. You will definitely agree with me that mass adoption is one of the factors that affect cryptocurrencies. Bitcoin, etherium and many other great cryptos we know about today were able to achieve this because it's being utilized by lot of people.

We the masses are the crypto industry leaders because when we adopt a cryptocurrency it becomes valuable and when we abandon such cryptocurrency it also becomes useless and less valuable.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

There's actually no doubt that the Cryptocurrency industry is really gaining more attention and publicity today and it's also good to know that most people including different big companies are now delving into cryptocurrency system.

In the next five years, we should expect more competition amongst different crypto projects and I won't be surprised if employment opportunities increases in the field of cryptocurrency and blockchain technology. There's also high chances of other popular tech companies like Facebook, Twitter, Google and many others start adopting cryptocurrency system by creating their personal tokens.

Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead 💓💕❤️

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I truly enjoyed reading your comment @hardaeborla

Thank you for taking the time to share your thoughts with me.

Cheers, Piotr

Hi @crypto.piotr


QUESTION A)

What is the best way to spend your first crypto?

In view of such an explicit question, and taking into account that the price of ciptomonies is highly volatile, and that it is moved by the influence of speculation, for me the best way will be to reinvest the first ciptomonies that somehow reach our digital wallets, because it is a way to be able to enter the market, accumulate, and then act as investors and initiate buy/sell movements that will give us possibilities to operate and make our capital grow. I must confess, that unfortunately at first I did not give this use, this because, the economic pressure in my country did not allow me, however, I have been making some modest movements in trading that have already given me some positive results.


QUESTION B)

Who are the crypto industry leaders in your view and why?

For this second question, I do not have specific names, first because I have specific training in this type of technology, and second because I entered the cryptographic world when I was already 10 years old, and in these few years that I have been in the STEEM and now HIVE platforms, Generally speaking, I have only heard of a fictional character named Satoshi Nakamoto who laid the foundation for the blockchain protocols, and the other name is widely mentioned in this cryptographic world, I am referring to the leader Ethereum Vitalik Buterin who is said to have very creative ideas that have positively influenced the developers of the blockchain.


QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Well in this last question, I will be more pragmatic, because I think that in 5 years the ciptomonies will dominate the world economy, and I express it in this way, fundamentally because, I intuit that the digital domain is just entering its phase of decline.


Thank you for sharing, this publication that gives us the possibility to analyze and contextualize ourselves in the cryptographic world.

Hello friend @crypto.piotr a greeting and good wishes for you.

A: The ideal with your first earnings in crypto currencies, is to invest more money in it, either from your own pocket, trading with the same currency or among several (exchanging) based on the most stable. I'll be honest with you, apart from trading initially with Bitcoin, then with Ltc, part of my earnings will be used for my own needs and the other part to save and invest again.

B: Many names or anonymity always come up in this world of digital currencies, as well as whales are mentioned, but I haven't taken those big names as a reference, I've concentrated on working individually, maybe some names I can think of are, Changpeng Zhao(Ceo Binance), Michael Foster (Localcryptos) or the pseudonym under which the creation of Bitcoin was hidden (Satoshi Nakamoto), the names I mentioned may not be in accordance with the question asked, but although I investigate, I know that there are major projects and important initiatives, for one of them based on EOS, I repeat again, I do not work with names, but individually.

C: From my point of view, the use of cryptomonies will continue to grow, people will massify their use, one of the first experiences of people are the exchange houses, this growth will come only, the statistics have indicated it in the last years, a step to continue is that the online stores continue accepting it as a method of payment, more forms of exchange and the rest will come only when they see that the currencies grow above the national currencies and eliminate barriers.

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Brilliant comment @tanhunter254

I appreciate your time and effort buddy. Solid upvote on the way :)

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

• What is the best way to spend your first crypto?

I have bought my first coin it was Bitconnect in 2017, a ponzi scheme that was paying us daily interest. Unfortunately I didn't know anything about blockchain and cryptocurrencies, once bitconnect wen to 0 I lost my money around 300 euros. But I was never sad, because it taught me many things. Before buying a cryptocurrency, many researches should go on. After Bitcoinnect I meet with Steem, bought some and learnt about Steemit. First cryptos while I was earning on Steemit, I spent all on CS GO skins buying directly from a page. I was giving the skins as a gift to my friends on dormitory while studying at University. In 2017 the prices of coins were high, so many websites were accepting cryptocurrencies as a payment. It was so easy with blocktrades to send steem so the receiver can get a BTC in his/her address. This is how I spent already my first crypto.

• Who are the crypto industry leaders in your view and why?

At the moment due to coronavirus crisis, the health sector had a hard hit where many people need medicaments and treating. Potential investors are looking forward to invest on health securities or health insurances. Because gold is losing value, in near future insurances will increase on a value. So health companies right now are getting ready their holdings and shares to convert into bitcoin. They will be a great whales, this view of mine is for near future. But at the present, I do believe that bitcoin pioneers which stake a great about of BTC may make great differences with the amount of the money they have. So basically the leaders are the whales with a great amount of money.

• How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Talking about future, as mentioned many companies will keep their shares or money stored in Bitcoin. The value will go high because of the great demand of institutions. This will push governments to make rules and regulations related to cryptocurrencies. Somehow governments have to earn from taxes. Those steps are the most important ones which I can predict and see for the future. Also other small changes, such as spreading o ATM's of bitcoins and so on.

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Late thank you for such an amazing feedback @enisshkurti

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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I enjoyed the curation trail some days ago, once I figure out better what the community is about, id like to be part of it, why not. Thank you too!

Hi Piotr
Excellent initiative, I really liked it.
Here is my humble opinion to the questions raised:

QUESTION A)

-What is the best way to spend your first crypto?
Definitely the best way is to invest them in cryptocurrencies, preferably those whose trajectory is solid, despite the volatility of the cryptographic world.

QUESTION B)

  Who are the leaders of the crypto industry in your opinion and why?

To be honest I don't have a name at this point, as I get more involved in this world I will be able to give an objective opinion about it.

QUESTION C)

  What will the world of cryptocurrencies be like in 5 years and results are the most important initiatives today that will get us there?

I particularly think that it would be daring to give a 5-year prediction knowing how volatile and unpredictable the world of cryptocurrencies is.
However, I am sure that in a shorter term if one could speculate that cryptocurrencies will be one of the main means that will allow us to save and invest the common citizen like us who allow ourselves the adventure of making the odd investment in this world.

Thank you very much for allowing me to share here.

Hello, buddy. Let's see.

QUESTION A) What is the best way to spend your first crypto?

I usually spend my cryptocurrencies on food, medicine, and personal hygiene, and cleaning products. It is a matter of priorities. Initially, thanks to the Orinoco.io service we could exchange the STEEM and other cryptos into Bolivars, but today Binance offers a much more cost-effective alternative to exchange cryptocurrencies into fiat in a fast, efficient and simple way with its P2P service.

But if I had crypto left over, the safest thing to do would be to invest in a robot, like Bitsgap, which allows me to trade automatically with cryptocurrencies. Or I would simply look for a secure service to do staking. Or I would buy an antminer.

QUESTION B) Who are the crypto industry leaders in your view and why?

I'll keep an eye on the characters you named. But normally I would say Vitalik Buterin, Justin Sun. People who live in the world of blockchain and cryptocurrency. The first one is an innovator from my point of view and the second one is someone who knows about business. Maybe they are all sides of the same coin and are considered leaders in the world of crypto. However, it seems to me that the people you named are more visionary, from the point of view that they can foresee where the world of the crypto industry is going.

QUESTION C) How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I guess my vision has been shortened a lot by being in a country where you have to be thinking about what you are going to eat tomorrow or what will happen tomorrow. It is almost impossible to imagine what level of the underground we will be at in 5 years. More than 20 years ago I had the opportunity to visit Cuba and I was surprised by the way they lived, where you couldn't even buy toothpaste or soap or toilet paper, it was incredible. Twenty years later, today we live in the same situation as Cuba 20 years ago. I don't even want to imagine how far we will get in 5 years.

However, I will do my best to answer your question.

Crypto is the future and it has been demonstrated in a concise way right here in my country. If it weren't for cryptocurrencies there would be no way to survive. It is that they have presented the best platform to generate, get, and keep money without intermediaries and without any financial restrictions. That is, anyone can have a wallet in crypto, but not everyone can have a bank account. Crypto is free (no restrictions or borders).

Representing a perfect medium for the development of a new trend or economic system. The fact that a house as big as Binance has made a system that allows buying or selling crypto in fiat or vice versa. It means that we are a flourishing market. This will open the way for companies, stores, and businesses to join the world of Cryptocurrencies as an alternative method for buying and selling products (especially now that our cash is disappearing)

I would not be surprised to know that airlines, resorts, hotels in 5 years receive cryptocurrencies, companies will pay their employees with crypto and we'll have devices (ledgers, trezors, or the smartphone) in our pockets instead of fiat.

That is from the cryptocurrency point of view.

From the blockchain point of view, we will be keeping (storing) any kind of information, from our history to our identification in order to be recognized anywhere in the world by accessing the blockchain (there will be no escape). The finances, the transactions will also be transparent, so no one will be able to hide what they did with their money, not even the companies, the leaders, the governments, and the wealthy.

After that, artificial intelligence will decide our future, our jobs, our life, our choices based on the patterns that we keep (store) in the records of the blockchain. Entering a new era where there will be no free will until robots supplant our jobs and use us as human batteries for their systems.

I think I overdid it, hahaha

A big hug my friend

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Dear @jadams2k18

Thank you for taking the time to share your thoughts with me. Definetly amazing comment. Upvoted already.

Hope to see you posting within our PH community more often in the future :)

Enjoy your weekend,
Piotr

First of all thank you very much for such a nice event...

I will answer questions with pleasure.

Question A :
What is the best way to spend your first crypto?

Actually, I can say that my meeting with cryptocurrencies is a little different. You can read it in detail here, but I want to explain briefly. Even without knowing what Bitcoin was, I was watching ads on phones and earning satoshi by watching ads from applications that earned satoshi. In those days I was earning about 4,000 satoshi for each ad. 4000 satoshi currently makes about one dollar. And I earned about 1,000,000 satoshi thanks to these ads.

I initially posted half of this on an exchange site, but I found that they charge about 80,000 satoshi commission. At first I regretted not sending all of the satoshis to the stock exchange site. There were about 500,000 satoshi left in my wallet on the phone. I used these lana satoshis about a year later to buy a computer keyboard from a friend. So I can say that this was my first deal with crypto money. Then my friend learned Bitcoin and invested a little bit thanks to me. He made a lot of money.

Question B:
Who are the crypto industry leaders in your view and why?

I think the leader in the Crypto industry is Israel. I talked about this in this article. Or at least I think the country that will be the leader in the future is Israel. Because almost none of the state institutions in any country have made any transactions or investments related to crypto money yet. (Except Venezuela. Because Venezuela had to.) For example, Israel Diamond Exchange is one of the biggest diamond exchanges in the world. Israel Diamond Exchange has issued two cryptocurrencies. Moreover, one of these crypto coins is partially linked to the diamonds on the exchange. So you can think of it as a currency indexed to gold. But of course it's not fully indexed. Currently, there are more than a hundred companies dealing with cryptocurrencies in Israel. And of course there are a lot of Start-Up ones. I think Israel will get stronger in terms of cryptocurrencies in the future.

Question C:
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Five years ago, the number of cryptocurrencies in use or existing was not even a quarter of the current crypto money. And especially Bitcoin ATMs did not exist as much as now. But there are more than 13,000 Bitcoin ATMs all over the world.

Best of all, there are huge differences between the crypto coins that came out 5 years ago and the crypto currencies that came out now. For example, Filecoin is one of the crypto coins that came out in these years. Now we all know the concept of decentralized finance. What about decentralized data storage? Do you know about this? With the Filecoin project, it is promoted for a reliable and secure storage network. And for this storage network, File crypto money is used. Moreover, currently Filecoin's network capacity is said to be 656 petabytes. As Filecoin evolves, it may become a bigger rival to apps like Dropbox. (What I'm saying about Filecoin may be old information for a few weeks or days. So definitely check it out! I don't want to give any false information.)

As I explained in the Filecoin project, as time progresses, systems can start using blockchain. Considering this example I gave, I think that after 5 years, the dominance of cryptocurrencies and blockchain will be much more. Who can imagine the relevance of a cryptocurrency to storage space? But this also happened. And maybe in 5 years, thousands of ideas and projects will come true that we could never have predicted!

What I write is definitely not investment advice! It's just my own ideas. Thank you.

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Dear @aderyn

Thank you for taking the time to share your thoughts with me. Definetly amazing comment. Upvoted already.

Hope to see you posting within our PH community more often in the future :)

Enjoy your weekend,
Piotr

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Thank you @crypto.piotr for the nice comment.
Since I have exams these days, I cannot be very interested in Steemit. I will be more interested again soon.

Hello, I hope you are doing well, mainly thanks @crypto.piotr for the invitation to this Project HOPE activity and community; here my answers:

1- What is the best way to spend your first crypto?

The best way is "Don't spend it" I think the best thing is to INVEST IT, The world of Blockhain has grown in an incredible way and it is a way to be able to work in terms of the future. Trading or using platforms such as Steemit and others, where you can acquire Cryptocurrencies that you can then exchange; they are better chances than spending it.



2- Who are the leaders of the crypto industry in your opinion and why?

Generally I like to honor those who founded and have that risky spirit of undertaking in a desert world giving a significant contribution of growth to the world, for that reason among many I select the creator of Bitcoin and Blockhain technology, Mr. Satoshi Nakamoto Although it is not really known yet if it is his real name or simply a pseudonym of a great work team, what is relevant is that he is the creator of the virtual currency venturing into Blockhain and giving way to the ingenious creators of the following coins. To date, he has collaborated with personal and business growth in the economic area worldwide with the adoption of Blockhain.



3- What will the world of cryptocurrencies be like in 5 years and what are the most important initiatives today that will take us there?

We will go to the moon my people! I will take AMAZON as an example, many years ago it only sold books on the internet, currently it is a monster among electronic businesses worldwide. As it did? I incorporate the payment with cryptocurrencies.

The world of cryptocurrencies It is a great reality that is in the footsteps of winners.

I think a great initiative is the TRON Vs STEEMIT integration, and the best thing about this is that we are inside.



It's my humble opinion… Infinite successes and blessings.

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Late thank you for such an amazing feedback @rypo01

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

Hello there friends, this will be a short trio of answers (I'll try to..)..

Q.A: In more cryptos, and only take some to other places after doubling the initial amount at least, while keeping investing in the crypto currency world.

Q.B: Don't really know who to mention, thou there is one particular individual I do like a lot and think has influenced in a good way, John McAfee.

Q.C: Not sure, the future is uncertain w/ all that is happening still, cryptos came to stay and even if 'they' try to take it out it will still prevail one way or the other, and to progress the crypto world in a positive way, more people should be made aware and taught how to work w/ them, since it has been one of the most common problems I've witnessed w/ "outsiders", they find it very hard to understand and usually say that a good IT background is needed, plus they have all the time occupied w/ something else, work, family, hobbies and don't really understand that cryptos will eventually be the future currency and w/ a few minutes a day they could become 'pros' and even get more free time to do what they like while earning and contributing to "the future"..

A note of appreciation for @Crypto.Piotr for the always great content posted, cheers my friend.

All the best to You, Yours and the whole community,
Cy

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Thank you for dropping by and sharing your thoughts with me @cyberspacegod

Upvote on the way :) And please allow me to encourage you to post within our Project.hope community from time to time :)

Enjoy your weekend,
Piotr

Greetings to @project.hope community and @crypto.piotr.

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I think that if in a period of little more than ten years, decentralization has been promoted through encryption, managing to establish a growing economy based on cryptocurrency as a method of exchanging digital assets.

The next five years are sure to be remarkable progress if we refer to the background already mentioned. Likewise, the adoption in several countries with emerging economies or economic conflicts, makes the population come closer to blockchain in search of economic solutions.

The inclusion of new tokens in ecosystems, such as the case of TRX, recently integrated into the payment of rewards in Steemit, are some clear signs of a growing and frankly evolving economy.

The launch of new blockchains such as: Ecocoin, Wise, SEEDS, telos, which I could consult in some recently published posts on the platform, I see that there is a diversity of ideas that seek to expand the concept of cryptocurrency and reach more people, covering their main needs and personal tastes.

In my opinion, demographics will increase considerably on the blockchain and each of its ecosystems over the next few years. I also predict that investment in infrastructure that guarantees Interoperability and Security will be a decisive factor for the years to come.

Let us remember that the rise of a crypto in the stock market is linked to human behavior and it seems to me that all that amount of new income, attracted by the goodness of Bitcoin and other benefits offered by the blockchain, will demand "Speed, Security and Trust".

According to the historical review of the cryptocurrency, it is remarkable that "Security" has always been the forefront topic.

Indeed, as I said before, the algorithm has been created to handle large volumes of data in a safe, fast and effective way. So, like any economy, encryption involves risks, with the issue of investment in security and platform expansion being perhaps one of the most relevant points in the next five years.

(Google translator was used)

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Dear @nachomolina

i appreciate your comment. However, it's extremely difficult to read such a long block of text.

Could you please edit this comment and user "enter" few times and make few spaces between those sentences?

Yours, Piotr

Hi there. My personal answers as following:

Question A~ As a newbie in this new economy world for me, I'm starting to think about a smart investment in a way of passive income for my first coins. For me, this is one of the best ones right now. There's nothing like that. Nowadays we're having so many things to do but our brains, for the most cases, are not designed to be multitasking and our main concern is maintain a good amount of income to pay some services, feed our family and at the same time having something to enjoy a good quality life. So, why not letting your money to work for you meanwhile you're focused on other tasks. This is possible because cryptocurrency technology never sleeps. No like traditional markets with a limited daily journey.

Question B~It is still not clear who was/were the person or people that created the BTC coin, making possible the initiative to have the whole control of our assets without any extra intervention as banks and institutes used to do. But definitely, these are the current leaders on this new economic ecosystem and they're aware about the possibility to break traditional rules and habits that are needing to be adapted to the advance of this new era. This is the real truth right now.

Question C~Like every new technology that is still needing some improvements, I glorify every effort and innovative iniciative to make the blockchain ecosystem more efficient than traditional ones (for instance, Visa transactions are faster than LTC's but this one is being improved every day with the pass of time. It's a matter of this limited resource where we can finally trust widely on blockchains within five years. In that period I can easily imagine that every single person would be purchasing goods and services thanks to the existence of cryptocurrencies, without necessity of any bank.

Thanks for reading 🤓

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Late thank you for such an amazing feedback @alegnita

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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Thank you sir. Hope to do it soon. Regards. 👍🏼

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I forgot to drop an upvote on your comment. Done already :))

Cyu and have a great weekend

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Ok. Thanks @Crypto.piotr. Don't worry. Happy festive days. 🥳 #venezuela #affable

QUESTION A)
What is the best way to spend your first crypto?

i tend to be a realist so i will try to give a totally realistic answer or point of view if you wish to this question. Firstly we need to define what "first crypto" means for us.

For example, your first crypto can be 1 btc that worths 19.000$, 1 eth=600$ or 1 steem which equals to 0,16 cents. So i will categorize it depending on its worth. If for instance, it had a significant worth then i would simply keep it. The same would apply for me if it had an average type of worth let's say more than 100$ If it was a steem like crypto then i would use it to power up.

Now, in case i was determined to spend it and had let's say a value that you can basically buy something then i would use it to buy other cryptos! That way with my first crypto i could build my crypto portfolio and therefore my crypto fortune! how cool is that?


QUESTION B)
Who are the crypto industry leaders in your view and why?

This is a tough question but i actually have only 2 names to say! The first one is Vitalik Buterin, the co-founder of Ethereum. Not only the guy is everywhere he also has ties with Putin, so Eth won't fail easily and he has broad knowledge cryptos. The second one is Andreas M Antonopoulos a a Greek-British bitcoin advocate. He is a host on the Let's Talk Bitcoin podcast and has written a number of books on cryptocurrency. You probably have heard his name and it was one of the reasons i joined the crypto verse! Also he is greek like me so maybe i am a bit biased as well :P


QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I think we will not see so many changes in 5 years regarding cryptos. Surely more people will using them but i don't think it's gonna be in our everyday lives. There are many barriers they can pass, like governments, laws and regulation,greed and ofc ways for people to use them and understand them with ease.

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Thank you for dropping by and sharing your thoughts with me @filotasriza3

Upvote on the way :) And please allow me to encourage you to post within our Project.hope community from time to time :)

Enjoy your weekend,
Piotr

A) Buy crypto-related merchandise
B) I would say Justin Sun and Vitalik Buterin ... Justin Sun because he is the Donald Trump of cryptos... Business man trying to conquer something that is essentially anti-business. Vitalik Buterin, because he is the man behind Ethereum... Everything that has followed has been an improvement from Bitcoin and its shortcomings.
C) I would say Proof-of-Work and mining will not exist anymore as virus scanner and browser developers are already blocking access to mining software and anything related. I would say there will be something completely new as quite a lot of people think Proof-of-Stake isn't better alternative.

QUESTION A)
What is the best way to spend your first crypto?
Buy daily necessities and let crypto replace the national currency.

QUESTION B)
Who are the crypto industry leaders in your view and why?
BTC, because its promotion is already far ahead

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?
Become the electronic money we usually use for shopping

Hello Piotr!

Thanks for sending the link. My answers are as follows:

The best way to spend your first cryptocurrency is to invest it further into a venture. In that way, there is a chance for it to grow. Prices are going up- a few months ago, my friends are laughing at me for holding on to BTC. Guess who's laughing now.

If I will blatantly spend my cryptocurrency, I would probably invest into technology related things like a laptop/ gadget. People who work in the electronic industry are more likely to adapt cryptocurrency compared to the rest of the world.

There is no such thing as a LEADER or PRESIDENT or RULER of the crypto world. It is called decentralized because no one is in control of the whole thing. Transactions become legitimate because there is only one ledger that we follow- verified by a host of computers from around the world, updated as we go on.

If there is a leader in the crypto world, I do not want to be a part of it. The principle itself betrays the concept of decentralization.

Five years from now, cryptocurrency might take over most of the transactions- its fast, easy, accessible, reliable. I might even be receiving my salary in cryptocurrency instead of hard cash or fiat money!

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Late thank you for such an amazing feedback @nurseanne84

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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I will Piotr That is one of my promises to me

Hello @crypto.piotr, interesting initiative you have proposed to us.

QUESTION A)
With my first Crypto Earn, I would like to say that I would reinvest in more tokens, but living in a country that is going through a great economic crisis, the reality is that I would take it as an additional income and use it to acquire consumer goods. But for the same reasons I would accumulate and then bet on generating a passive income.

QUESTION B)
For this question I find it difficult to give several names, basically my cryptographic world revolves around steem and Hive, so I would mention Ned Scott and Dan Larimer for having created this great social platform that has impacted my life so positively. And I would also dare to name Changpeng Zhao, for leading Binance, one of the largest exchanges in the world, which has an interesting history.

QUESTION C)
I believe that in five years cryptography will have found many more applications and will have earned its place as a financial tool, we could find ourselves using it to pay for a coffee or backing up important information. I personally believe that crypto currencies will gain ground in worldwide acceptance and will become an important means for the payment of goods and services, digital money is increasingly used, and perhaps in the not too distant future crypto currencies will replace fiat money.

QUESTION A)
What is the best way to spend your first crypto?

answer: first i will say true that i invested in my crypto, but i did not withdraw any crypto , so i have no idea , about spending it, but when think i know, first time when i got bitcoin as earning, i lost all my early bitcoin, hacker hacked my money, so if i have chance to spend crypto in my life, first i will spend on poor and needy people,


QUESTION B)
Who are the crypto industry leaders in your view and why?

  • i do not know about any one, but yeah i know about @ned because i am steemit user, and i came to know first about it, and there is also one name JUSTIN SUN also, so i think Justin sun and @ned both are crypto leader and justin sun this time is very much active so also famous

  • How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

in next five year, crypto currency has great future and i am viewing that in next 5 years all world will adopt the crypto and crypto currency has great power this time, all bank will start accepting crypto, online market will adopt payment method in crypto so future is very much bright

yeah i want some change that , in crypto market should be fixed coin price, scam coin should not be listed on crypto exchange, so in this regards exchange should take action that they should not list scam coin, in this way people trust get lost

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Brilliant comment @yousafharoonkhan

I appreciate your time and effort buddy. Solid upvote on the way :)

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

Very pertinent questions. I believe in the future of Blockchain Technology which is why crypto space has immense potential.

In my country, India, son't have freedom to spend crypto. Although I would like to earn passive income on my cryptos, if I had to spend my BTC for anything never will, if I have to spend it has to be another crypto currency. I really want to try doing cross country payments via XRP, heard its fast and cheap.

Future use cases of crypto - banking ofcourse, insurance and already crypto is used in blockchains to earn royalty points in airlines and so forth. Peer to peer solar energy trading, excess solar credits accumulated through crypto and sold peer to peer in Power Ledger technology.

I really looking forward for a my society to use Blockchain Powered solar energy platforms, through which we can transfer excess solar energy directly to buyer rather than sending the power to the electricity grid and stuff.

Also Blockchain for tracking my iteams I order online and stuff like that.

Industry leaders in the space, I say the ethereum founder, Vitalik Beterin , I hold huge respect for him for introduction smart contract capabilities and initiating this treand of further developments in blockchain.

New innovations and developments are happening and its going to be exciting to see the future implementing blockchain technology in real world and stuff.

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Late thank you for such an amazing feedback @mintymile

I absolutely appreciate your time. Comment upvoted already.

Hello @crypto.piotr, here is my entry:

1.- What is the best way to spend your first crypto?
I didn't spend the first coins I earned. I accumulated them, I didn't know much and I asked my son. Then I had to exchange some for bolivars to buy food since the basic salaries were not enough for anything. Despite having my own company, the quarantine meant that there were no money inflows. My children wouldn't let me go to work because of my age and having respiratory problems, they didn't want me to get sick.

2.- Who are the leaders of the crypto industry in your opinion and why?
Look, but in Venezuela at the moment someone in that field does not stand out, despite being one of the Latin American countries that leads its most frequent use.

3.-How will the world of cryptocurrencies be in 5 years and results are the most important initiatives today that will take us there?

I believe that they will become the best platform for economic transactions to be carried out all with crypto assets, this pandemic crisis also accelerated this process that was already seen coming.

QUESTION A)
What is the best way to spend your first crypto?

Crypto is the perfect tool to buy stuff online like digital products, memberships, traffic and so on. For the moment for most people crypto is simply BTC but there are many other crypto currencies that are much better suited for online transactions like Steem or Hive. No transaction costs and transaction speed of 3 seconds. This makes it perfect for free online transactions without middleman.

QUESTION B)
Who are the crypto industry leaders in your view and why?

When I look at this question I think that in the crypto world what makes a difference is not individuals but communities. No single person can make a blockchain work. You need a community of people and the bigger the community the more successful a project will be. The leaders in the crypto industries are the communities...

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

A lot of things have already been developped that have the potential to ultimately change the future crypto world. What in my eyes is the most important aspect of crypto is that it is reinventing money. We are seeing individual people or communities that are capable of creating their own token and to build an economy around it. On the other hand we have crypto currencies that are under no central command and have therefore the potential to be money that considers all users as equals. Our society is based on money and if we reinvent money, this will have a tremendous effect on the society as a whole.

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Thank you for taking the time to share your thoughts with me @achim03

Cheers, Piotr

QUESTION A)
What is the best way to spend your first crypto? I would spend my first crypto on something like a pizza as this was the first transactions it was used on when it first came out. Personally I just invest crypto.

QUESTION B)
Who are the crypto industry leaders in your view and why? I think bitcoin carved the way however now there are so many different exciting projects it is hard to tell. If I new who was the best I would invest in them. I guess Libre from Facebook might make some quantum leaps but will anyone trust there data mining? Also the banks that are using crypto will help to propel and enable more trust in the idea which could drive the whole market.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

In 5 years crypto will either be massive or not there. however I think crypto and especially the blockchain will be massive help companies, government schemes, trust in finance against the banks, very cheap worldwide transactions, just imagine it like the internet and it will open many exciting opportunities ij the future for sure.

what do you think?

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Late thank you for such an amazing feedback @steemingmark

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

QUESTION A) What is the best way to spend your first crypto?
> DIVERSIFICATION

QUESTION B) Who are the crypto industry leaders in your view and why?
> DEVELOPERS

QUESTION C) How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?
> USERS

I answered with a single word to illustrate the certainty of crypto/blockchain success. Now allow me a single sentence to clarify and elaborate each. First though, a comment about this opportunity. Whether the interviewer knows about crypto or not, the nature of the technology requires a back and forth discourse that's uncommon to traditional business operandi.

DIVERSIFICATION - Crypto is to be earned and then leveraged as it is about moving (trading) assets- even those that are considered 'real world' goods.

DEVELOPERS - ATM, it's developers who lead crypto because fundamental systems (both support and functional) need to be completed/solved.

USERS - Peer2peer or user2user is why we need cryptographically secured transactions, and anything that empowers user connectivity will ultimately make mass adoption successful.

I'm open to elaborate on each and since have yet to read your personal answers, do not know how these align. Though, I am certain of each, just not of the stage and relevance.

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Dear @machnbirdsparo

Thank you for taking the time to share your thoughts with me. Definetly amazing comment. Upvoted already.

Enjoy your weekend,
Piotr

Thank you @crypto.piotr for this challenge, my answers to the questions are

QUESTION A

What is the best way to spend your first crypto?

ANSWER

For the period of the time I have been in crypto space, I have not withdraw any of the crypto I am earning rather I am trying to invest it back so that I can grow. I decided to dedicate atleast this year and next year to grow my worth in crypto space before I start withdraw.
So I think the best way to spend my first crypto is to reinvest it and develop myself in crypto world.

QUESTION B

Who are the crypto industry leaders in your view and why?

ANSWER

I will like to go for changpeng zhao as one of the current leader of the crypto because he has a lot of positive influence in crypto world. His Binance exchange is one of the top exchange in crypto world, he is also the CEO of steemit and at the same time TRON. Look at the way his companies are growing and the innovation he keep coming up with show a true mark of a good leader.

QUESTION C

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

QUESTION

Many investor will come into the crypto world in the next five years and we are looking forward to see a massive inflow of people into the industry and one of the initiative that we definitely take us there is the current integration of two ecosystem that is going on. I am look forward to see more of this integration.

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Thank you for dropping by and sharing your thoughts with me @great-a

Upvote on the way :)

Enjoy your weekend,
Piotr

What is the best way to spend your first crypto?


The best way to spend your first crypto is to convert it to normal paper money and purchase any item of your choice so as to see that crypto is actually real and can be use for any purpose which paper money can serve.



Who are the crypto industry leaders in your view and why?

Well, to me the crypto leaders are those who have made it large in this very platform, the likes of @cryptokannon, @bright-obias, @bestcofinder, @sapwood, @trafalgar and many more who have been on this business of crypto for long and actually have their lives changed for good.



How is the crypto world going to look like in 5 years and what are the most important initiative today that will take us there?

Its no doubt that in the next five years crypto will eventually take over the entire universe because many countries all over the world are queuing into it on daily basis. We can achieve that by enlightening more people about it and make our business open for crypto investors as well.

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Late thank you for such an amazing feedback @simonnwigwe

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

Greetings dear friend @crypto.piort, what an excellent initiative, I appreciate the opportunity to share my basic knowledge on the subject.

QUESTION A)
What is the best way to spend your first cryptography?

Without a doubt, the best way to spend your crypt money is to invest in a business in which you have the necessary skills to duplicate it. From my point of view, I would continue to diversify among different Cryptos and start my own agricultural business. Crypto currencies give us financial stability!

QUESTION B)
Who are the leaders of the cryptography industry in your opinion and why?

Since I am in this world of cryptomonies, I have learned in the project.hope community where the financial issues are very common to get them, who leads the community is my friend crypto.piort, who projects himself as one of the great leaders in the world of blockchain and cryptomonies, I imagine that there are other projects, but this one has a great future.

QUESTION C)
What will the world of cryptomonies be like in 5 years and what are the most important initiatives today that will take us there?

As a university professor I observe that one of the most important initiatives is the blockchain steemit, hive, among others of the same style that allow to generate information in different areas and to generate income, the blockchain in five years will be fundamental tools in different areas like the agricultural one, where it will serve as a space of safeguard and education of fundamental statistical data for the production of the crops.

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Dear @amestyj

Thank you for taking the time to share your thoughts with me. Definetly amazing comment. Upvoted already.

Hope to see you posting within our PH community more often in the future :)

Stay safe,
Piotr

QUESTION A
What is the best way to spend your first crypto?

Hi there! if you I'd be ask how or what is the best way to spend my crypto here a quick tips on how I've been spending my crypto.

Basically I've been using crypto for my day to day transaction literally most of my earned and bought crypto asset ain't spent but stored up in my electronic wallet.

Basically I'm a holder, staking my crypto in my wallet and interesting in mining pool.
I spent my crypto by earning more crypto, isn't that interesting spending in essence means investing by staking or buying for value to increase in price

For instance I can use my stored crypto to buy #XRP and hold for couple of months of year for price to increase then sell or maybe buy more.

QUESTION B
Who are the crypto industry leaders in your view and why?

He may not be a leader in the crypto ecosystem he's a source of inspiration in the blockchain industry he believes in crypto and I commend him for that.

#John McAfee has been an inspiration in my crypto journey, a programmer and software developer he founded an antivirus software "McAfee" he took interest in blockchain network after resigning as CEO of his company.

QUESTION C
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I'm very much optimistic about crypto currency leading as major acceptable currency that would be used in various online and offline merchant services in every part of the world in near future.

I see the world of crypto being recognized and recommended by government officials as basic means of making transaction amount users.
How I see crypto world in near future, it will be a game changer in financial system.

#Initiative that will take us there.

The key is mass adoption: if every user will see the need to accept crypto and embrace digital currency, then the crypto space will be unstoppable.

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Dear @mccoy02

Thank you for taking the time to share your thoughts with me. Definetly amazing comment. Upvoted already.

Hope to see you posting within our PH community more often in the future :)

Enjoy your weekend,
Piotr

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Thanks much for considering my feedback and funding quite useful.

What is the best way to spend your first crypto?
Spend my first crypto? No way!!! That was my initial intentions when I newly joined the crypto-world. I came to understand that I need all the steem (which I will eventually power up to SP) and SP to enable me gain more rewards from curation. That is to say, I just have only one option for my first crypto which is RE-INVEST.

Who are the crypto industry leaders in your view and why?
I don't think I can really pin point any one for sure now but with the continuous integration and partnership of different blockchains will clearly show the key leaders in the nearest future.

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Crypto technology has come to stay. With the occurrence of economic recessions already witnessed in some countries and recent economic crises from the pandemic, it is becoming obvious crypto is taking the lead in the financial world unchallenged.
Present reviews shows the following:
(a) People are gradually having the confidence to save in the crypto blockchain than leaving their cash in banks. (b)Transactions done in real economy are already attracting payments via Steem. A spike here would change the scenario.

Crypto needs all the required awareness and literacy know-how to execute transactions in its platforms to all intending user(s).

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Thank you for dropping by and sharing your thoughts with me @xkool24

Upvote on the way :)

Enjoy your weekend,
Piotr

Hi Piotr, This is a post with questions close to my heart. Let me answer to them one by one:

A. What is the best way to spend your first crypto?

In my view it is too early to spend Crypto. It is time for accumulation. Find a solid portfolio of projects

  1. where you have some where you expect the value to increase because they have a solid foundation with a promising product
  2. where you can earn passive income by either staking or contributing like in case of Steem.

Continue to build until you reach the moment when you can use your passive income in crypto to increase the quality of your and your families live. Than start spending only your incremental crypto.

B. Who are the crypto industry leaders in your view and why?

I would name three people here for totally different reasons:

  • Charles Hosikinson founder of Cardano, as he is building the most solid version of a smart contract blockchain which will be a huge competitor for Etherium as it is becoming much more mature, more safe, more accessible and cheaper to use. This in my view will be the future smartcontract blockchain solution for Enterprises
  • Justin Sun founder of TRON. He is building a beast working towards Internet 2.0 run on blockchain. His style is very abrasive and hated by many, but he is building solid products in a great speed all connecting to each other. BTT for decentralized storage, DLive for videostreaming with BTT as a base. JST for decentralized finance with swapping and lending solutions and of course TRON which is the glue binding all together.
  • Shahaf Bar-Geffen, the CEO of COTI (Coin of the internet) this is a payment solution blockchain based, which is on its way to become a huge competitor for Paypal especially for merchants who have received the label of risky business only because of the market segment they operate. As a node operator for this blockchain it is already providing me with a nice base of passive income as indicated in question A
    C. How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

This is the question requesting the highest level of speculation. But where 3 years ago, a project would get a lot of funding only based on a nicely written whitepaper, currently a project gets popular if it has any connection with Decentralized Finance. In my view in the next 5 years, the adoption of crypto will increase and only the projects with a real use case will survive. This is why I am bullish on projects like ORN, Tachyon Protocol and COTI, which are projects which have a real use case with real revenue generated which is shared with people supporting its infrastructure by staking tokens and providing nodes. Besides this I am still looking for the next censorshipfree versions of Twitter, Facebook and Youtube build on blockchain. In the end my prediction is that Internet will run on the blockchain in 5 years time. Where Etherium will be bypassed by some other blockchains, but Bitcoin will remain the king of crypto, as a solid store of value.

This is my contribution. Thanks for the great questions.

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Dear @carapthian

Thank you for taking the time to share your thoughts with me. Definetly amazing comment. Upvoted already.

Hope to see you posting within our PH community more often in the future :)

Enjoy your weekend,
Piotr

QUESTION A)
What is the best way to spend your first crypto?

I prefer to reinvest my crypto. I try to earn some interest or staking rewards on my crypto and then exchange them for other new promising projects that I believe in. I treat new coins like they are early stage startups and I try to be an early investor / early adopter of these new technologies.

QUESTION B)
Who are the crypto industry leaders in your view and why?

For this I would like to pick a few that I think are best in class. They aren't the leaders of the whole industry, but I think they are key to their segments:

  1. Blockchain Decentralized Development - Vitalik Buterin, If Bitcoin had the first mover advantage then Ethereum, as the most well known second mover, was able to learn from what worked and what didn't work with Bitcoin. Ethereum wasn't one of those second movers that tried to just do the same thing as Bitcoin and do it better. Instead, Ethereum was able to extend the boundaries of what Blockchain technology could do. Bitcoin is more of a product and Ethereum is more of a platform. Most of the new projects today are at in some way influenced by Ethereum.

  2. Private Sector / Private Chain Development - IBM is in the process of pivoting towards being a major player in the business operations cloud. While Amazon and Google tend to broadly host a lot of cloud services that are used by consumers in the ecommerce, entertainment, and advertising space--IBM is shifting towards running a cloud systems that uses big data and artificial intelligence to help business people operate their business and make critical business decisions. Blockchain at its core is a distributed ledger technology (DLT). The first key use case for blockchain in the private sector will be in areas where DLTs will disrupt the centralized ledgers. Just as Bitcoin is a decentralized currency that wanted to disrupt central banks. IBM will disrupt centralized ledgers in the accounting, supply chain management, and Enterprise Resource Planning Systems first.

  3. The Public / Government Sector - China, The Chinese government will eventually operate one of the largest government run blockchains. One of the biggest barriers to blockchains is government regulation and interference and a lack of government spending on blockchain technologies. For better or for worse, an authoritarian government like China will be able to direct vast amounts of resources, force the private sector to share technology / Information, and it will be less constrained by the ethical concerns of using this technology for questionable applications like public surveillance or social credit scores. Public surveillance and social credit scores will be rebranded as "transparency".

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

A key element in design is to make technology more seamless and invisible to the user. The current process of setting up wallets and having a ton of keys, too many wallets, high transaction cost between wallets, and waiting for some of your transactions to process feels a little clunky to average users. All of these videos, white papers, and education campaigns on why the user should adopt your coin will start to fade a little as the technology gets better and as the public gains more experience using the technology. A lot of what blockchains do will be invisible to us and we will take the technology for granted and we will wonder how people ever lived without the technology.

Just like with many other new technologies there are a ton of technologies that are solutions that are really looking for a problem. Most of these more useless coins will disappear as people will just not use them or abandon them because more useful technologies become available. The coins that deliver true value by actually solving real problems will be the coins that survive.

On the flip side, just as Google and Facebook started out as companies with lofty utopian goals such as "to organize the world's information and make it universally accessible and useful" or "To give people the power to share and make the world more open and connected", blockchain technologies will have some unintended consequences later on--some consequences that we could've never anticipated.

The most important initiatives today will be the bridge and connector technologies which I call the "evolution" technologies. They are the technologies that will connect the blockchain to old legacy services such as how Western Union and MoneyGram will use Ripple to reduce transaction cost and speed up service. Other bridge technologies will include technologies that allow the blockchain to connect to legacy information providers such as Chainlink and BAND.

The other key initiatives will be the "revolution" technologies. These are the ones that will completely disrupt, upend, and destroy certain industries and services. I think these technologies will be made possible by deployment of artificial intelligence combined with blockchain.

The first place that I think it will happen will be in accounting and this will be followed by the business decision making space. A lot of people make decisions based off of accounting or other business data. AI will be able to make better decisions off of this data. The reason why AI isn't heavily deployed right now is because accounting and other business information isn't always reliable because the information is either stale, of low quality, not credible, not understood, ambiguous, it is incomplete, or there is no consensus or single source of truth. The blockchain will increase data transparency, reconcile the data in real time, make it broadly available, and improve completeness. AI systems will be better at collecting, processing, and making decisions in the absence of complete information than humans. AI is only as good as the information that you can feed it. Machine learning requires that you keep feeding it increasingly higher quality data. The blockchain verified data will be the wagyu beef level of data that these algorithms need to make great decisions.

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Late thank you for such an amazing feedback @therecantonlybe1

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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I'll keep engaging in the community and participating. Thank you for creating these contest and creating a space for people to share their thoughts. I hope to learn as much as possible and share what I know as well.

Greetings friend @cryto.piotr.

A wonderful challenge that you present us in this opportunity since those of us who have basic knowledge on the subject have the opportunity to expand our vision in the cryptographic world:

QUESTION (A)
What is the best way to spend your first cryptography?

Many of us being beginners in the world of crypto currencies and if the economies of our countries are in crisis, what we do is spend our first cryptographic resources in any basic need, however, if we have sustainable resources to meet our basic needs it is best to save all the crypto currencies until they increase their value and make investments that generate greater profits, in my case I know people who at the beginning of steemit what they did was to save all the steem they generated and when they reached several dollars its value managed to make large investments.

QUESTION (B)
Who are the leaders of the cryptography industry in your opinion and why?

Actually when I arrived at steemit, I began to read about Satoshi Nakamoto for being the person or group of people linked to the creation of Bitcoin, now thanks to this interesting challenge I have read other names of characters that have influenced the wonderful world of cryptomontages, I will surely be researching about them and thus expand my knowledge about it.

QUESTION (C)
What will the world of cryptomonies be like in 5 years and what are the most important initiatives today that will take us there?

In fact, as I have expressed on other occasions in a general way, I am sure that the global financial world will be in the hand of the crypto currencies and with the speed of the digital monetary dependence in our economies, and the same in deep crisis, it leads us to think that it is very probable that in a lapse of 5 years the crypto currencies will be positioned as the best alternative for the substitution of any type of FIAT currencies and I even share the idea of seeing the crypto currencies performing functions of storing economic reserves at a planetary level.

I have actually been able to enjoy this wonderful challenge and to learn from each of the diverse and nourishing comments made by each user, there is really a lot of cryptographic knowledge in them. Greetings and many successes to all.

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Dear @rbalzan79

Late thank you for taking the time to share your thoughts with me. Definetly amazing comment. Upvoted already.

Hope to see you posting within our PH community more often in the future :)

Enjoy your monday,
Piotr

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Greetings friend @crypto.piotr, thanks for the recommendation. Successes.

Dear @ crypto.piotr:

I appreciate your invitation to visit and comment on this publication. I like the way you guide the comments, concentrating on three response lines, and it's possible select the best comfort for one. The alternative that most catches my attention is QUESTION C), because it refers to the future and we are in December, when a new year is about to open its doors.

What will the world of cryptocurrencies be like in 5 years? I guess investors are the most interested in getting this answer, especially in terms of current initiatives that will take us to that world, five years in the future. And those of us who work in the blockchain, we necessarily have to venture into that world because the rewards come in cryptocurrencies.

Looking forward five years, I don't see any big changes. The world of cryptocurrencies will continue its course, regardless of the government policies (I hope) of some countries (we have already seen the injections of China and Venezuela).

New tokens emerge frequently, but even though it goes up and down, I see bitcoin as the strongest crypto, for years to come. The steem, in the form of SBD, will stabilize above $ (fiat), although I don't think it will exceed $ 4. The tron ​​will position itself at 50% of the SBD, reaching the $ 1 range.

I believe Blurt will be strengthened as a platform (it has many users of excellent quality) and that is why its currency will also increase in value, so I am going to enter that platform and work on it, taking advantage of the option that Steemit gives.

Other cryptos to watch: hive and read. Leo has a pretty high value and I think it may surprise us after a few years, hive and HBD, will stabilize in ranges below Steem and SBD, but above $ fiat. Content creators will thus have more incentive to flourish on the blockchain and new initiatives will appear to attract them.

In other words, cryptocurrencies are here to stay. The increase in online operations and the ease that they offer means that their participation in the family and business economy is increasing. I think the number of businesses that trade cryptocurrencies will grow.

Have a happy December!

Apreciado @crypto.piotr:

Agradezco tu invitación para visitar y comentar esta publicación. Me gusta la manera como orientas los comentarios, concentrándose en tres líneas de respuesta, y se puede seleccionar la de mayor comodidad para uno. La alternativa que más llama mi atención es la PREGUNTA C), porque se refiere al futuro y estamos en diciembre, cuando un nuevo año está a punto de abrir sus puertas.

¿Cómo será el mundo de las cryptmonedas en 5 años? Supongo que los inversores son los más interesados en obtener está respuesta, especialmente en cuanto a las iniciativas actuales que nos llevarán a ese mundo, cinco años en el futuro. Y quienes trabajamos en la blockchain, necesariamente tenemos que incursionar en ese mundo porque las recompensasllegan en cryptomonedas.

Proyectándome cinco años hacia el fututo, no veo grandes cambios. El mundo de las cryptomonedas seguirá su curso, al margen de las políticas gubernamentales (eso espero) de algunos países (ya hemos visto las injerencias de China y Venezuela).

Nuevas tokens surgen con frecuencia, pero a pesar de que sube y baja, veo el bitcoin como la crypto más fuerte, durante los siguientes años. El steem, en la forma de SBD logrará estabilizarse por encima del $ (fiat), aunque no pienso que supere los 4 dólares. El tron se posicionará en el 50% del SBD,alcanzando el rango de 1 $.

Creo Blurt se fortalecerá como plataforma (cuenta con muchos usuarios de excelente calidad) y por eso su moneda también aumentará su valor, por eso voy a ingresar a esa plataforma y trabajar en ella, aprovechando la opción que da Steemit.

Otras cryptos que es necesario mirar: hive y leo. Leo tiene un valor bastante alto y pienso que puede sorprendernos a la vuelta de unos años, hive y HBD, se estabilizarán en rangos por debajo del Steem y el SBD, pero por encima del $fiat. Los creadores de contenido tendrán así mayor aliciente para florecer en la blockchain y aparecerán nuevas iniciativas, para atraerlos.

En otras palabras, las cryptomonedas llegaron para quedarse. El incremento de operaciones on line y la facilidad que las mismas ofrecen hace que su participación en la economía familiar y empresarial sea cada vez mayor. Pienso que crecerá el número de comercios que negocien con cryptomonedas.
Feliz diciembre

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Dear @mllg

Late thank you for taking the time to share your thoughts with me. Definetly amazing comment. Upvoted already.

Hope to see you posting within our PH community more often in the future :)

Enjoy your monday,
Piotr

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Thank you, dear @crypto.piotr

QUESTION A

The first time I earned crypto, I used it for my personal life. It was around this time in 2017, and I was really broke. I wrote my first post on Steem and earned a little money. I bought food and basic things for my house and it dawned on me how crypto has value.

For me, I think the best way to spend your first crypto is on something that you need at the time because it leaves the notion that cryptocurrency is real money that can be used for solving real life problems.

Question B

There are numerous leaders around crypto space, some have controversy and others, not so much. One crypto leader I admire is none other than Theycallmedan due to his dedication to growing Hive and freespeech.

Another leader that exists, despite somewhat loathing him is Justin Sun. The guy seems shady sometimes but we can't deny he's been a driving force in crypto. That his stunt with Warren Buffet will forever earn my respect, despite being weird.

Question C

There's been increased interest in cryto, particularly with government's worldwide not being in the best financial situation. So, in five years, I expect that the crypto world would have taken giant strides towards mainstream acceptance.

I believe that initiatives that show crypto is real money and businesses that facilitate easy access and spending of cryptocurrency will be the driving force for this future.

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Thank you for dropping by and sharing your thoughts with me @belemo

Upvote on the way :)

QUESTION A)
What is the best way to spend your first crypto?

Being in the US, I believe the most important thing before selling crypto for starters is to wait until the crypto is over a year old to avoid short term capital gains. I have one coin that I spend from to keep my cost basis simple. Although there are times when the price is low that I don't want to spend and just hold or accumulate but due to a cash flow bind I've spent through debit cards and have transferred to a bank account through coinbase. At one point it was a bit of a crap shoot on how many days it would take to get into your account, but my last transaction from coinbase went directly to paypal which made it instantly available.

QUESTION B)
Who are the crypto industry leaders in your view and why?

For education, Andreas Antonopoulos is in my view the easiest person to follow. He covers btc at a wide span of levels and shares it in detail without loosing the listener with too much technical information.

For regulation in the US, Caitlin Long has been highly influential in making North Dakota the crypto hub of the US. Brian Brooks is making great strides in bringing the US up to date with crypto regulation.

For innovation obviously Dan Larimer is right up there with a vision and ability to execute that vision. There are many great minds in crypto, Sergey Ivancheglo, Vitalik Buterin, the team at NEM, the innovators at NEXO it's such a long list it would take an entire chapter to give all of the credit to all that it is due.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

It appears to me via the acceptance and involvement curve things are accelerating rapidly. With the advent of legendary investors starting with Paul Tudor Jones, it seems I'm reading about large money managers jumping on board daily. At the same time corporate CEO's starting with Michael Saylor of Micro Strategy are adding BTC to the companies assets. This coinciding with the regulation leaders I mentioned earlier that are making great strides and to top it off countries are now in a hashrate war and are using btc to avoid us bully tactic sanctions.

It might not be fully realized in 5 years but I believe there's a strong chance that crypto will dominate the financial sector of the world. With fiat loosing its steem and talks of a reset btc may be the greatest asset any player in the world may be able to use to signify their wealth and financial influence.

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Late thank you for such an amazing feedback @bitshares101

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

Hello friend @crypto.piotr
QUESTION A)
What is the best way to spend your first crypto?
Most crypto users don’t think there’s any real-world application for their Bitcoin. Yet for seasoned crypto investors, it’s hard to get trusted and reputable places to trade, use, and spend their bitcoin. The final goal of the industry is to present crypto as a part of people’s everyday lives. There are now a number of market-leading companies making it to earn, spend, easy to buy, and use cryptocurrency as a part of your everyday life. But I still strongly believe that investing in steem is a very good way to spend crypto.
QUESTION B)
Who are the crypto industry leaders in your view and why?
Michael Novogratz, a former hedge fund manager at Fortress Investment Group and partner at Goldman Sachs, is a frequent commentator on bitcoin price action. He is the founder, CEO, and chairman of Galaxy Digital Holdings, an investment fund that trades, manages, and advises on blockchain-related assets.28 29
In September 2017, in the midst of what was then a bull market for cryptocurrency, Novogratz estimated that about 20% of his net worth was comprised of digital assets. He said he had made $250 million investing in bitcoin and ethereum and bought a private jet with the proceeds.
Some economic analysts predict a big difference in crypto is forthcoming as institutional money enters the market. Moreover, there is the likelihood that, crypto will be floated on the Nasdaq, which would further add trustworthiness to blockchain and its uses as an alternative to conventional currencies. Some predict that all that crypto requirements is an ETF (verified exchange traded fund). An ETF would make it simpler for people to invest in Bitcoin, but there still needs to be the demand to want to invest in crypto, which might not automatically be generated with a fund.

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Late thank you for such an amazing feedback @cryptocheta

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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Thanks @crypto.piotr, will surely make it on time in the next project

Hi @crypto.piotr

Thanks for this contest and here I share my answers-

What is the best way to spend your first crypto?

Earlier I wanted to spend crypto for my daily needs but still, I would not spend any crypto now because I have made my crypto goal for the long term and I will only accumulate all coins.

Who are the crypto industry leaders in your view and why?

This is not easy because there are many but still, I would share some of the names from India. In India, we have few leading exchanges like Wazirx, Bitbns, and Zebay and they have some amazingly talented people with them. Nishchal Sheety, Ajeet Khurana, and Gaurav Dahake and are certainly leaders in the crypto space in the country. Needless to say that they working hard to make crypto more popular and easily accessible for all in the country.

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

To be honest, this is not easy to answer as we need to predict the crypto future for the next 5 years but looking at the amount of innovation and action I can say that in next 5 years crypto will grow a lot and hopefully many countries will adopt it as a way to make easy payments. Few instruments like Lending, Crypto Loans, Staking and DeFi will surely help the crypto to get more users and even traditional investor will enter since he will get more returns here as compared to what he is getting now with banks.

Thank you so much PH Family and to @crypto.piotr

So much appreciation to Project Hope for such a great initiative.

My Entry Below;

QUESTION A)

What is the best way to spend your first crypto?

ANSWER)

The best way I would spend my first crypto is to cash out a part of it to buy ebooks online as regards to my interests(cryptocurrency) then I would power up the rest into Steem Power(SP) which would affect my influence on steemit positively.

If steemit can pay bill's, then more attention should be given to powering up and reading ebooks on how to improve on our cryto knowledge and lifestyle.

QUESTION B)

Who are the crypto industry leaders in your view and why?

ANSWER)

The one and only crypto leader in my view is Gauis Chibueze of Tatcoin popularly know as Bitcoin Chief. He is a serial entrepreneur, an author and a master in cryptocurrency. He is one of the most influencial bitcoin Lords in Africa and the world at large who's has tought thousands of people how to become bitcoin kings. His keen interest for cryptocurrency made him wrote two books titled "How Bitcoin Changed My Life" and "Get Rich Off The Net*.

He created ABiT Mobile Application which is a tech platform and also started his own cryptocurrency called Tatcoin which would be a tradable token and official transaction currency on the ABiTnetwork. So in my view, Gauis Chibueze is a crypto industry leader that has achieved a lot at a young age and has also impacted different lives positively. He is an inspiration to me.

QUESTION C)

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

ANSWER)

The crypto world in 5 years time would be full of surprises because new cryptos keep coming out and the old ones try to improve the use of their coins by creating incentives and investment plans for that. Despite speculations of crypto taking over fiat currencies, I don't see that happening in 5yrs time because there is no specific crypto that is generally accepted as form of exchange for goods and services in the world. So in 5 years time, the use and acceptability of cryptocurrencies would increase with the value of the top 3 increasing.

Thank you @crypto.piotr for this wonderful opportunity.

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Late thank you for such an amazing feedback @iamlynxie

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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Thanks for the comment and upvote @crypto.piotr, I would be posting on project hope from time to time.

#twopercent #nigeria

A) What is the best way to spend your first crypto?

My first crypto I will not spend it and I will keep it safe until its prices go to the top. And also reinvested it in more cryptos.

B)Who are the crypto industry leaders in your view and why?

It is a difficult question because there are many industry leaders but if we say who I like the I will say that I like Mark Moss.

C) How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

The Crypto world will be going to change literally change in a good way. After all, the crypto space is evolving at such a dynamic and rapid speed and it seems to be very unlikely that this would change and slow down. I found it difficult to imagine how the crypto world may look like a year or two from now. Not to mention in 5 years.

https://steemit.com/hive-175254/@maazmoid123/where-do-you-see-crypto-in-few-years-from-now-always-100-power-up

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Dear @maazmoid123

Late thank you for taking the time to share your thoughts with me. Comment upvoted already.

Enjoy your day,
Piotr

At first, I want to say that I'm totally new in Crypto world. I joined Steem 2 weeks ago and now I have some knowledge about Crypto.


1)Answer: I've already made 150 SP. I also have 12 Steem. I will use this steem to power up as I don't have any hurry to withdraw Steem. Maybe I will withdraw my first Crypto 1 year later and convert it into our currency. Then I want to donate some of the money to poor people who starve for hunger.


2)Answer: As I said, I'm new here. I don't have much knowledge. But I think Justin Sun is a good entrepreneur in the world of Crypto.


3)Answer: I think, after 5 years, Crypto will dominate the world. Crypto will be a common currency. It will be the currency of whole world. As online shops are dominating now, I think if these online shops create the option of buying with Crypto, the process of making Crypto a common currency will be enhanced.


Lastly, Thanks to @crypto.piotr for inviting me.

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Thank you for taking the time to share your thoughts with me @abuahmad

Cheers, Piotr

  • What is the best way to spend your first crypto?

The best way to spend crypto is using my crypto.com VISA card. I get a 2% cashback and I am generating more crypto while paying for everything.

  • Who are the crypto industry leaders in your view and why?
    The crypto industry leaders are the exchanges, well, the people in charge of the exchanges. They are responsible to fight for the best possible regulations for all the crypto users. Exchanges are in charge to negotiate with governments.

  • How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?
    A lot of assets will be tokenized and in the Blockchain. You will not need to trust anybody as you will be able to see who owns what directly in the Blockchain.
    I love the power that Blockchain gives to people!

Cheers!

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Thanks for dropping by @resiliencia and for sharing your thoughts with me. Continue posting within PH :) I really like to have you around.

Yours, Piotr

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Thank you buddy!
Keep the good work up!😊

Hello @crypto.piotr, I thank you for this valuable opportunity to talk about the future of cryptomonies. Today I want to write about my most sincere thoughts, but I would also like to ask you for some help to clarify some doubts. I hope you can help me.

QUESTION A)

  • What is the best way to spend your first cryptography?

I believe that the best way to spend our first crypto is to invest. Investing and sowing a seed to see how it blooms slowly, I say this because despite my lack of knowledge about blockchain and virtual currencies, I know that we are in a race of resistance. Investments in crypto-currencies are usually long term, and those who have become millionaires throughout this vast world have one thing in common. Patience enough to wait for the right moment and consequently act as the situation warrants.

QUESTION B)

  • Who are the leaders of the cryptography industry in your opinion and why?

To be honest, I don't know who the leaders are in this colossal industry that every day extends more and more, covering every corner of our beautiful planet, however, I think that the future leaders will be those people with a great sense of foresight and enough courage to take a step forward in a world that is still developing.

QUESTION C)

  • What will the world of cryptomonies be like in 5 years and what are the most important initiatives today that will take us there?

I can't say for sure what will happen in five years because there are too many variables involved in the development of cryptomonies, however, more and more people are finding out how cryptomonies work. Governments around the world are preparing for a change that will shake everyone.

Will they be forbidden because of fear of the unknown?

I do not know.

Will they be totally controlled by governments?

I do not know.

Will they completely replace cash?

I don't know.

But I know something is moving, like a snowball falling down a hill. Crypto coins are changing many things, perhaps in five years it will not be strange to see children in schools studying virtual coins.

So I can only say one thing, in five years the world will be more exciting.

This is what I can offer with my limited knowledge. I am very happy that you have invited me to participate @crypto.piotr Before I say goodbye, I will ask you a question that I hope you can answer. If it is within your possibilities of course, if you don't know it there is no problem.

My question is about the Tron-Steemit integration. I have successfully created my Tron wallet and I even have 200 frozen TRX at the moment, but I would like to know how much TRX is being passively generated thanks to the frozen TRX in my account? Is there any way to calculate the TRX generated by the freezing?

Those are my doubts my friend, I would really be eternally grateful if you can answer that question.

Thank you very much.

·

Dear @leonelb

Brilliant feedback!

Late thank you for taking the time to share your thoughts with me. Comment upvoted already.

Enjoy your day,
Piotr

Hi.
Answer to the 1st question
IMHO, it is better not to spend cryptocurrency, but donate. This will increase the digital activity of the world.

Answer to the 2nd question.
I will not know what the name of a modern leader is. But this is not a hindrance, because we still do not know who Satishi Nakamoto is.

An answer to the 3rd question
The world of cryptocurrencies in 5 years will be the same as it is now: it will be in search of an answer to the question "What will the crypto world be like in 5 years?"

Question A)
Answer: It is my personal thinking. I will not spend my first crypto and will reinvest it and purchase more and more Steem or will power up. It will not only help me to grow on Steemit but also support me to earn more and more crypto.

Question B)
Answer: It is hard to answer as choosing one person is not easy after you have many favorite people in the Crypto industry. I personally like Justin Sun and Vitálik Buterin. I like both and a few more people because I don't think this industry wants only one leader.

Question C)
Answer: Ummm! It is quite hard to answer as we can only predict and our predictions are just our thoughts for that thing. But I think next 5 years are golden years for cryptocurrencies as every government will adopt it and world currency will work in crypto. It is my personal thought, you can disagree from me. You can simply see past 5 years to present how much development happened in crypto world. Now in next 5 years, I am confident that it will take over the currencies that we are using today.

·

Late thank you for such an amazing feedback @chasad75

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

just check through my steemit transactions and i saw this, hope am not late even though am late to reply.

first question: What is the best way to spend your first crypto?
To me the best way to spend your crypto should be keeping it or investing it in a good investment that can bring in more reward for you instead of spending. that can generate more crypto reward for you.

second question: Who are the crypto industry leaders in your view and why?

Just realized have not really been following a crypto leaders after from people here in project-hope because we all are leaders in our own little way. will surely check out your recommendations

Third question: How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

let me just use the world big, we really cant predict the future but crypto in the next 5 years will really surprise us and we should hop in while we can. The Global Adoption that is happening day by day will surely make this possible.

thanks for bringing this up

QUESTION A)
-What is the best way to spend your first crypto?

Well for now, is to be saving it in my Steem wallet and also using it to power up my account in other to gain more influence in steemit which will earn me more rewards in future. Since Steem has a promising future ahead it's better for me to power up my account. Secondly I will invest 20% of my rewards at the end each month for trading, while the 80% would be use to power up my account.

QUESTION B)
Who are the crypto industry leaders in your view and why?

Actually since I found this question on this steemit platform which also deal with people that invest in cryptocurrency I will like my choosing my own leader based on this platform. These are the people who I watch and keep on admiring them each time I access they wallet and also praying to become s big time investors like them here on steemit. These people are;
@trafalgar, @sapwood, @cryptokannon, @besticofinder etc.

Looking at these people I think they really know what cryptocurrency is all about which I consider them leader here.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

In the next 5 years I see Digital assets taking over paper money. Countries whom haven't fully make cryptocurrency investment legal will start legalizing it into they financial systems. There would be mass adoption in crypto in the next 5 years to come. Looking at things now cryptocurrency will become the digital asset countries will be using to settle they debt.

·

Late thank you for such an amazing feedback @josepha

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

Here's my own answer and opinion

A. Best way to spend crypto

  • Trading them for other cryptos and/or currencies

B. Crypto industry leaders

  • I will say Andreas Antonop. One of the few btc whales and enthusiasts I know.

C. Crypto in 5 years

  • It would be mass adoption and many people would have adopted crypto currency both in the government and private sector.

Nice challenge buddy. Resteemed

Bagaimana dunia crypto akan terlihat dalam 5 tahun dan apa inisiatif terpenting hari ini yang akan membawa kita ke sana?

Menurut pendapat pribadi saya dunia crypto setiap hari terus terjadi peningkatan demi peningkatan, dan tentu saja inovasi yang terjadi crypto akan semakin mendunia.

Seperti beberapa waktu yang lalu media elektronik di Indonesia memberitakan bahwa di China mulai membayar gaji karyawan menggunakan cryptocurrency.

Dari hal ini sekilas dapat kita asumsi bahwa dalam jangka waktu lima tahun kedepan setiap negara pemerintah dan perusahaan swasta akan menggunakan cryptocurrency untuk membayar gaji karyawan.

Question 1,
The best way to spend cryptos is to have your cryptos converted directly into fiat and after filling up at the gas station you have more coal in your account than before.

Regarding question 2. The best way is adaptation and dissemination. Atari started something that I see very far ahead, playing and trading a coin to swap.
Regarding question 3. We will say goodbye to the Fiat, to what extent will we see how many euros will still be reprinted. 5 years won't change much, the Bitcoin is 11-12 years old and can still be easily put into your pocket by one of the big Apple, Microsoft, etc.

QUESTION A)
What is the best way to spend your first crypto?

I like to powerup my steem account and according to me this is the best way to spend first and every crypto.

QUESTION B)
Who are the crypto industry leaders in your view and why?

According to me justin sun and @crypto.piotr are crypto industry leaders. I like the way that justin sun developing steem that's why i believe in his leadership as well as i like how @crypto.piotr maintained ph community and made it most active community on steem.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

I believe that we will see crypto regulation in next 5 years on international level. People started thinking positive about crypto and bitcoin and they are understanding that crypto is the future.

• What is the best way to spend your first crypto?

Best way to spend crypto is trading but I think for now staking is secure which best will result.

• Who are the crypto industry leaders in your view and why?

I think miners and developers are leaders of crypto industry they can do many things if they want like they can do hard forks.

• How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

Crypto have bright future in 5 years I can see whole world is system this system for payment methods is not limit for traders and holder everyone can use this for buying goods and other things there are multiple initiatives which have capabilities to that will take us there.

·

Late thank you for such an amazing feedback @farhanali

I appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

·
·

Thanks for the vote and Yes I will start posting in Project.hope

Sometimes I think that asking the right question, that can make people think about the future, is some sort of art. You've really made me think on these questions for a long time, and I must admit, I enjoined every minute of it. So first of all, thank you.

Now on the questions.

  1. What is the best way to spend your first crypto?
    I would say to invest in yourself. For example, buy an online course. Investing in your skills and knowledge is always the best investment you can make.

  2. Who are the crypto industry leaders in your view and why?
    TIME gave person of the year to Joe Biden in 2020. In my opinion, the real person of the year is Frontline Health Care Workers. I can say the same for crypto industry. It is supposed to be decentralized in all aspects. The industry is driven by thousands of people all over the word from programmers to users, youtubers and etc. All these people are the leaders in their own way. And that is why the crypto industry has such a bright future.

  3. How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?
    I was thinking about it a lot when a surprising answer came to my mind - I just don't want to know. If a time traveler would appear at my door today and suggests telling me what will be in 5 years, I will reject the offer. I want to live through it myself. Crypto world is shaped by ideas. In the next 5 years we will face new ones we could never think of. So the most important initiative in crypto will always be keeping the world open for new ideas.

·

Late thank you for such an amazing feedback @cryptohumster

I wasn't aware that you're still around :) Did you ever consider posting again?

Cheers, Piotr

·
·

Hi Piotr, long time no speak!

You've helped to build quite a community here. It would be a pleasure to be a part of it. I will return to my blog soon.

·
·
·

Hi @cryptohumster

Thank you for your kind words :)

Check out our discord server: https://discord.gg/uWMJTaW

And also consider joining our PH community: https://steemit.com/trending/hive-175254

Take care of yourself and hopefully I will hear from you again :)
Yours, Piotr

As tempted as I am right now to give replies to the three questions just because I have seen other people doing the same thing, I still choose to follow my mind.
I will be answering the first question which is Question A

The best way to spend your first crypto in my opinion will be to reinvest majority of the coin after probably taking out a little amount to meet urgent needs (that is if there is any). Thanks

QUESTION A)
What is the best way to spend your first crypto?

Ans: A)
Buy Steem And power up in steemit get more money from steemit.

QUESTION B)
Who are the crypto industry leaders in your view and why?

ANS: B) i love waqar zaka from Pakistan. He is always doing to unban the cryptocurrency in Pakistan.....

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

ANS: C)
Become the electronic money we usually use for shopping...

Question A

i think the best way to spend my first cryptography is to invest it in a currency that i have researched and feel can generate good interest, i think the fastest way to multiply it would be by trading but a good way would also be to invest it in voting power within steemit because if you are dedicated and build good relationships within the platform that would help you grow quickly.

Question C

In 5 years time, although it is a short time, I really think that crypto currencies will be something as common as fiat money. Even most people will prefer to use crypto currencies instead of fiat money, especially the younger generations, blockchain technology will be much more integrated in companies, since they are currently offering viable solutions to problems that are threatening us.

QUESTION A)
What's the best way to use your first crypto?

While only used for online shopping

QUESTION B)
Who is the crypto industry leader in your view and why?

The crypto buying and selling industry is still good

QUESTION C)
How will the crypto world look like in 5 years and what are the most important initiatives today that will get us there?

Hopefully there are bitcoin competitors from other cryptos

How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

MY PERSONAL ANSWERS:
Well i think that if the crypto market still looking for easy opportunities in the bets, money trading and games market it is going to look like is looking now. I would like to see the crypto world as an exclusive way to pay some kind of services(because the good things that it brings like speed, DEFI services etc ) like creation, buying, selling art for example.
You may know there is some pages where you can sell your art proyects as pics, digital photos. I think it can be a way to enter in that market.
The other cuestion is loyability, security and estability through time, becuse you all know there is a lot of proyect in the cryptocurrency world, but with all that information it is very easy to get lost along the road, for me it is very important to join forces to compete with the titans in the market. Some of that unmion you can see it with the integration of Steemit and Tron, and i hope they give us some esxperiences of how good can be for all of us that united forces.
Keep steeming.

Just resteemed your post. Keep flourishing.

·

Thank you for that resteem @praditya

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

In the next 5 years, we are going to see the coexistence with traditional finance and the fusion of the crypto world. We are going to see everything tokenized and it will be easy for anyone to take part in this change.

What will make this happen is scalability issues fixed with Ethereum 2.0 as an example and interoperability between blockchains (Polkadot).

Hi @crypto.piotr thank you for your invitation to this exciting post!

As cryptocurrency researcher Hasu explains, “prices in this space are fueled by attention.” (Cointelegraph)

I suppose crypto space in general will see additional attention in the next 5 years. As new, promising technology. But also because money printing, inflation risks.

The biggest threat is: other tech-startups, FinTech companies may steal the ideas from crypto entrepreneurs. National banks and Tech Giants (like FB-Libra) can launch own digital currencies. Eventually with smart-contract capabilities.

·

Thank you for dropping by and sharing your thoughts with me @deathcross

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QUESTION A)
What is the best way to spend your first crypto?

I would recommend everyone NOT to spend their first crypto. Instead let it be the reason they learn more about the cryptoverse. I would suggest them to find ways of turning their first crypto into their portal to getting bigger in the cryptoverse.
The best way I see is to find ways of staking, pooling or something of similar sorts where they could start gaining more instead of spending. If they were too keen to spend, my advice would be to look into steem. Buy, power up, curate and create. All of which would advance their crypto knowledge and give them a lot of exposure from where they could build their portfolio.

QUESTION B)
Who are the crypto industry leaders in your view and why?

I dont have a specific name. And maybe it is a good think. In general I would put cryptotwitter and cryptoyoutube on the top. You can have your pick on who are the most influential, or "leader", from these platforms.
The reason I do not have a name is because I love the variety and depth every other person is able to provide. It gives me a lot to reflect on and forces me into doing research.
Yes, there are people on both these platforms whose content is mind-blowingly enlightening...but I prefer to look at them as guides while I find my own way.
Again, cryptotwitter and cryptoyoutube are life savers!

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

It is hard to pinpoint exactly what crypto world would look like in 5 years. However, one thing is for certain: it will not be slowing down any time soon.
In the recent past we have seen more people adopt crypto into their lives. We have seen multimillion dollar conventional business conjugate crypto into their businesses. We are, at the moment, seeing some of the biggest names within businessmen look at crypto as a serious prospect. Their is no way crypto catches a speed bump at this rate.
More over, more and more countries have started integrating crypto in their society. Look at Ukraine for example. I have made a short post about it. Look at Dubai and their interest in crypto.
One of the reasons I believe that the crypto world will be in a leading position soon is because of blockchain technology. It will be a portal in the size of a black hole.
The reason I say this is because more and more importance is being shed upon blockchain. Dubai had the biggest blockchain conference last year. NHS is looking at blockchain technology for their medical records. The US elections brought up the topic of implementing blockchain technology...and so on. But the biggest and most functional example any body could show anywhere when presenting blockchain technology is how successfully crypto utilizes it. Which causes an indirect marketing effect.