EAST v WEST - Another Reason to buy NEO!steemCreated with Sketch.

in #neo7 years ago (edited)

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I have been working with the Chinese market for many years and as soon as I heard about NEO I jumped for the moon. Ok sorry bad moon Joke - but really - I was excited and due to a few simple reasons;

EAST vs WEST

Facebook? Nope China built http://renren.com/

Twitter? No... China built http://www.weibo.com/login.php

Amazon? Uh hem... China built https://www.alibaba.com/

Ethereum? ...China built https://neo.org/

As I'll dig into more in my upcoming posts, financial/world markets have always been a power struggle ( US V RUSSIA V CHINA ) and I see Blockchain/Crypto no differently. While the U.S put up walls, it seems the forward thinking countries tighten their grip. Russia is pouring millions into mining, China is the Bitcoin powerhouse while the U.S sleeps it seems...

See post here about Russia and their new project > http://fortune.com/2017/08/08/vladimir-putin-bitcoin-ethereum-russia-china/

Another reason why I believe China projects in general is that the Chinese culture and way of thinking is so uniform and in sync unlike their rigid and un-agile western counterparts and we are already seeing this with road-map and roll-out plan.

See here for the english version > http://docs.neo.org/en-us/index.html

HOWEVER

There are some interesting factors to note about NEO/CHINA;

#1 NEO uses Fiat

#2 China is still a communist country and heavily centralized, NEO cannot escape this and but once accepted (as it seem they are now quietly on some level) they will gain mass adoption in the Chinese market.

#3 Apart from Alibaba which is having a harder time penetrating western markets - Chinas homegrown products don't penetrate much further than Asia at best (nor do they care) . I see the same for NEO.

CONCLUSION

I truly believe the EAST v WEST divide will shine through Crypto and follow the path of old. However, there is room for two, will be interesting to see how it plays out.... keep hodling!

Thanks for your time and this was my first STEEMIT POST :D

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