Crypto Assets are a new asset class and there can be more than one winner

Bitcoin lead the way and will definitely remain a presence always but other coins, other assets will also have a place in the future economy. Crypto assets, or put another way Blockchain assets have already been treated as digital assets by tax authorities around the world, and also be securities regulators.

This not only infers intention for governments to remain accepting of blockchain as an asset class, but also an acceptance of the inevitable. There will be a correction in the balance of power, there will be a transfer of wealth (that is already under way) and there will be a long-term place for blockchain assets at the table. The technology is just too good.

Writing this article from the perspective of a (former) accountant and (former) lawyer (having worked at two of the big 4 accounting firms over 17 years) who retired early to embark on the blockchain journey. Not many people would leave a comfortable prestigious career in their 30s to start again from scratch in programming, but the reward is there.

If that can work in one such microcosm, imagine the potential for prosperity for the rest of society. And there will be more than one cryptocurrency because people, as a market, will share different tastes, and different preferences, and a competitive market, a vibrant market, is a healthy market. And consumers will win in the long run.

Imagine the satisfaction that comes from creating a coin, its more than just the concept, there is the aspiration that it represents, there is the ideas that flow from it, there is the innate technical elements and decisions, even to arrive at the creation of a seemingly simplistic coding, the effect of executing that code sets the foundation for so many other sub-projects and inspirations of thought that form the project of the coin as a whole.

This notion is often lost both on the crypto-fanatic and programmer as much as it is on the mainstream and traditional investors. A coin on a particular network, in our instance, Binance smart chain network is met with derision by many would be experts in the cryptosphere. Yet as one actual programmer pointed out recently, “bsc has fewer nodes which means the risk of shutdown or breakdown due to its centralisation, but conversely also means why it is so much faster and cheaper to send transactions” and this goes to the very core of cryptocurrencies being an asset class and why more than one can and will exist and succeed.

The great counter-argument to the centralisation of a coin is to spread its ownership out so that no one has control and nobody dominates the market. This maybe antithetical to the laws of mathematics and physics but leaving people with more choice to decide on flatter or less skewed market structures is a normal part of the strategic thinking of any person who is taking decisions with their financial future.

We view diversification in every other asset class, whether it is stocks or bonds, or property. There is no reason why the same cannot be for cryptocurrency. And further to that is the hope that government will finally be resigned to its proper place in the economy, and that as a minimalist, restricted and limited exercise of power, in every context and sphere. Only through freeing people to make decisions on their own accord can they be empowered to improve themselves and learn to better advance and protect their own interests.

Responsible leadership, altruistic vision, and unrelenting determination combine in the form of a token: Greenex (GNX). We view our place in the crypto/blockchain asset world as a long term player, with creative new aspects to our project always in the mix, and a value-add that will sustain long term growth in value of our token. That is an irresistible case for holding our token.