Traditional media sources have one way or the other tried to muzzle information concerning distributed ledger technologies (DLT’s), cryptocurrencies, and blockchain technology.
E-Crypto News was bothered about this and the many implications that have followed following this “censorship”. We reached out to Joshua Tate who is the CEO of Bloxlive.tv. Here is what he had to say.
Joshua Tate, CEO of Bloxlive.tv
1. In your opinion, what is the biggest factor that is holding back the adoption of cryptocurrencies?
I wouldn’t say there is one biggest factor, it’s a compound problem. If I had to call it out – I would say volatility, simply because volatility impacts acceptability and thus adoption.
There is a consensus amongst economists in the mainstream and crypto communities that cryptocurrency is superior to traditional currencies in five of the six characteristics of money (i.e. durability, portability, divisibility, uniformity and limited supply).
The sixth characteristic of money, acceptability, is where crypto is severely handicapped against fiat, meaning simply that you can’t use crypto for most transactions (i.e. to purchase goods and services in your daily life).
As demand for cryptocurrency increases due to transactions, the demand curve shifts to the right and a higher equilibrium price and a higher equilibrium quantity are observed. This removes the barrier to adoption whilst also increasing the value.
2. How did you get involved with the crypto-space?
I am involved with a company (System73) that solved many of the complex barriers to delivering scalable, broadcast-quality live, and linear video content over the internet.
My analysis of the OTT content landscape led to the conclusion that there was insufficient coverage of the rapidly growing digital finance market.
Furthermore, digital and social media platforms are notorious for blocking, alienating, and demonetizing content related to crypto and blockchain.
Applying our solutions, along with a talented and passionate team of journalists, techies, finance professionals, and producers, we launched the OTT channel Bloxlive.tv.
Bloxlive.tv launched on October 1, 2018, and has since become a reliable source of daily crypto and blockchain programming capturing the attention of even some of the largest traditional finance networks in the world.
We have provided exclusive content from some of the biggest conferences around the world including the World Economic Forum in Davos.
We built a dedicated and engaged network of viewers which is comprised of not only crypto and blockchain enthusiasts but also casual viewers and industry experts.
We have features and exclusive interviews with the biggest names in crypto, blockchain, and traditional finance with many becoming regular collaborators and contributors.
3. In your opinion, do you think that the big technology companies are doing their best to restrain cryptocurrency, blockchain, and DLT content? Why are they doing this? What solutions can be proffered to this?
Big technology companies are restraining cryptocurrency, blockchain and DLT content mainly to protect their users.
Recently, YouTube removed a number of these content creator accounts seemingly arbitrarily and without warning – this was likely a mistake in their algorithms as most of the impacted accounts were later reinstated.
Nonetheless, the centralization of these platforms is a major concern for content creators. Emerging sectors that have yet to be fully regulated leave room for plenty of illegal and undesirable activities, so this caution can be understood.
This creates the opportunity for smaller platforms such as Bloxlive.tv, with a better understanding of the industry and tools to monitor and select content without unnecessary censorship, to thrive.
4. What effect do you think a continuous video streaming of crypto-space content will have?
Mainstream financial broadcasters such as CNBC, Bloomberg TV, etc., broadcast topics related to the financial markets around the clock – opening bell, closing bell, shareholder announcements, mergers, acquisitions, listings, and so on and so forth.
They are a critical source of information for finance professionals and individuals across the globe. Unfortunately, they pay little to no attention to crypto or the DLT market at large.
People with an interest in finance, be it personally or professionally, expect and rely upon that content to be informed and advised. As Gordon Gecko said, “money doesn’t sleep” and neither does Crypto.
Bloxlive.tv and others will fill that void for the growing crypto and DLT marketplace by informing the individuals and professionals in our industry around the clock.
5. Do you think that the crypto-space has reached a watershed moment as regards stratification? Are some fingers more equal than others? Why do some DLT/blockchain and crypto firms feel and act elitist while others know that we are all in the same boat?
The Bitcoin whitepaper was published less than 12 years ago. This was a very small community during its infancy and even now is still a developing sector.
Accordingly, there are naturally many changes yet to come as more and more very smart people are joining the cause which will help guide and change the landscape.
6. In your opinion, is there a future for the altcoins? Why does Bitcoin still dominate the crypto-space?
There is certainly a role for altcoins – some of them simply have different features that are not yet applicable to say, Bitcoin. Privacy is a good example.
It is important to keep in mind that we are still in the early stages of a new and rapidly developing technology and a lot will change in the coming years.
Bitcoin’s dominance slid during the ICO craze, but it dominates once again. Some would opine that Bitcoin’s position is even more significant than it appears on market metrics websites if you adjust for stablecoins and digital assets without currency attributes.
This is likely partially a result of “first mover” advantage compounded with some of Bitcoin’s unique attributes which have yet to be replicated.
7. What do you think governments need to be doing more in terms of regulation?
A quote from Laurence Peter (The Peter Principal) comes to mind. “Bureaucracy defends the status quo long past the time when the quo has lost its status.” We all know that regulation is a necessary evil to protect consumers.
Governments simply need to be flexible in providing those protections whilst also encouraging innovation.
8. Have internet media platforms been helpful or harmful in spreading the crypto gospel? What do you think they need to do more?
It depends on the outlet. Generally, I believe most independent platforms without a specific agenda (aside from adoption) are very helpful.
The further we reach, the more likely we are to gain adopters. Media giants internet or otherwise naturally allow for an agenda to develop, which is not helpful.
We created Bloxlive.tv to disseminate independent, reliable and informative content like many others such as E-Crypto News.
9. What plans does Blox Live TV have for the next few years? Give us the inside scoop!
So long as the community continues to supports our efforts, we will continue to grow and broadcast great content and important information about our industry.
Bloxlive.tv builds upon its network of viewers, influencers, and partners every day. Stay tuned to what we have in store as we continue to grow alongside our community.
10. If you had three wishes for the cryptospace and a genie who could answer those questions what would they be?
What will happen with Satoshi Nakamoto’s fortune?
Will decentralized solutions become the new standard in finance, or will it live in harmony with existing standards?
When will Bitcoin hit $1,000,000?