This is a dream. Come true! Applause, Music, Applause. You know our Plinko it's time for Chico crypto. So yesterday I made a video about what is going on here in the regulatory climate of the United States that just might allow for another all season. A major case. Kiss reverse Wilke has changed our deference and weakened the regulator's defenses against banks and money service businesses and their ability to bring legal and criminal charges against those who fail to adhere to the Bank Secrecy Act, including Kryptos and fin tech companies, so exchanges, altcoins and payment Processors have the peace of mind, knowing that they're relaxed, kyc and AML compliance programs are okay to go and their attorneys know they can win a fight in court. Thus, the amount of garbage that will flood the space is only going to ramp up and the whales will use this time to get rid of their bags of dog poo poo coins that have no future. In my opinion, they will pull off a mini alt season before the bitcoin having and before aetherium 2.0 launched, which seems to be happening around the same time to take BTC and ether from people who FOMO into their pump shack coins and looking at the dominance charts. This is already happening on January 14th. You can see the dip on Bitcoin and the spike on others, AKA, mostly crap coins. Since then, bitcoin has been slowly decreasing, while others has been increasing right now.
Btc dominance is around 60 2.5 and others is nearly 12. I would estimate BTC dominance to decrease to around 55 by late March early April, while others will pump too around 15 to 18 percent. But after that the Wales will dump most of their alts and then the FOMO into Bitcoin will begin reversing the dominance fall. They are setting everyone up, but crypto and blockchain is the future and in a sea of shit that will be created. I hope to identify the projects that are the future and will hold their value even when the whale altcoin dump comes so I mentioned the whales. Will accumulate aetherium as well as Bitcoin, and this is because defy is coming and everyone is going to want their piece of this new financial pie and a good place I have found, which includes projects that are actually building and contributing to a blockchain defy future. Is the enterprise aetherium alliance EA? The EA's overall goal is to accelerate the rate of adoption of aetherium for its long list of corporations, enterprises and institutions who are interested in blockchain technology. They are building an architecture stack which will number one foster a global developer. Community number two allow interoperability between chains, number three provide a myriad of vendor choices and number four provide clear and robust testing and certification and the fire has been lit under the arses of the EEA, as smart contracts and blockchain is becoming mainstream and crucial to their Members future operations so going to the EA board of directors.
There are two members: we need to focus on Jeremy, Millar of consensus and some Marfa law of JPMorgan. These two members are on the leading board. Then earlier in the week it was announced that JP Morgan wasn't talked to merge its blockchain platform quorum with consensus, but the specific financial details of the detail are still under wraps, but according to Reuters, will be announced in the next six months. So is it JP Morgan buying consensus or consensus buying quorum? Well, it looks like the latter because in the article it says, around 25 people currently worked on the quorum team globally and it is unclear whether they will join consensus after the merger people said familiar with the plans now. The reason this is big for consensus is because quorum jp's, private aetherium fork has had a major 2019 in 2017 JP Morgan created the interbank information network I in powered by quorum, which is a cross border payment system, allowing financial institutions to transfer value in real time Ripple and XRP you should shangkun in your boots yet well. The iin has grown rapidly since 2017. If we go to JP's website on the payments Network, it's the largest live application and, according to the website, with an extensive network of banks, '7 high in continues to grow and evolve into a robust ecosystem. Yup nearly 400 banks from all over the world. The Americas, including Banco Europe, including Danks, and even Deutsch asia, pacific, including massive Chinese banks, like China, Zhang Zi Bank, shoot even one of the largest government owned banks in India, Union Bank of India in finally from Central and Eastern Europe, the Middle East and Africa.
A long list of the biggest banks in those regions, ayan, is so much more powerful, bigger and being used more than X. Rp is ledger and ripple suite of corporate tools and that I, in payment network, is now in the hands of consensus, which means it's. Also in the hands of an enterprise etherium and the EEA, because if you go to consensuses website, they have a full section highlighting enterprise, ethereum and the EEA. So the importance of this is surely misunderstood as a theorem it's eating X, our P's entire use case and then some for dinner. Aetherium just acquired the largest active blockchain base Bank network and they acquired the tools already built for this network, including JPM coin and z3. An anonymous transaction protocol built on quorum both being used in real time, so consensus has a member who I have been mentioning on this channel for some time. John Wooper, who is a consensus group executive, focused on aetherium maenette products and technology. He is also leading the theory emmm a networking group for the EEA, so like a couple weeks ago, I mentioned Yuna Brighton chain linked, are on the imminent task force along with any blocks analytics, and they will be focusing on connecting the cerium a net with ERP Crm and other corporate types of Records, like with the giant sa P, then I showed how Yuna Brite has a partnership with digital asset and their Gamal smart contracts, which is huge both those videos, if you want a deeper understanding of these developments, are in the description, But it's so funny how a single John Wolford tweet can bring this all together.
So now we have confirmation that digital asset and chain link are oh, so close and chain link is working on the EA eminent group with Yuna bright, who has a partnership with digital asset and damn all connections becoming more clear, no I'm. Getting a Chico feeling that you know bright might be more involved with the EA. Then we all know so back in November. Before all this EA madness hit the scene, they announced that token taxonomy initiative, TTI and the partners were announced. Accenture hora banco santander consensus, digital asset, hadera, hash, graph, IBM, Intel and r3. Then, around the same time, Microsoft announced its Azure blockchain tokens and they would be built on the standards of the TTI. Well, since November, it has been quiet about this initiative, but seeing what was released by unibrow after November can possibly be a bread crumb of their involvement. A month after the TTI was announced, Yuna Brite released this medium post, Yuna, bright and tokenization, and it dives deep into their plug and play puzzle piece builder of tokens, including stos, which, if we go to John wolfertz medium, he gave this specific article. The clap I've got the clap and I'm giving it to you, meaning he was keen on what they were doing. As we know, John is leading these EE a main networking groups, including those of Yuna bright, but he also retweeted the formation of eminent with these words. Ea is getting stuff organized and getting stuff done thanks to the great members driving the Magic Bus, and that includes chain link and Yuna Bryce, so is clap of the tokenization article.
It means something and if we go to the TTI github, we can see. Images was most recently updated, including the token designer and look at the puzzle pieces and an easy to understand. Builder kind of, like you know bright and going back to you know: brights tokenization, blog post. At the end, they say when we outline and describe our vision, for it – 360 degrees security, token platform. We specifically take a look at the potential that is in it fourth Yuna bright, and that is provide code generation. Token definition in issuing derivatives portfolio building, provide monitoring data analysis simulation and provide integration, tokens platforms, asset managers on and off chain, and unep right has a case study of this with a major german enterprise deutsche bahn railways, were they tokenized their entire ecosystem, bringing together all Connected services, around travel tickets, vouchers, local transport accommodation and the local train networks. This came in the form of a front end consumer facing app and portal called DB connector and, regarding the back end, the unibrow workflow designer different tokens and their interplay were modeled visually. In this case, the conversion rate between two different tokens and from that builder events that may affect the number of tokens needed for redemption can be defined so a simple visual token design for enterprises. Methinks that is something the enterprise's of the EEA are looking for.