Crypto needs a ‘grandma-friendly’ app to grow – here’s the latest.
Billionaire investor Mark Cuban has stressed the need for a “grandma-friendly” crypto app that will attract widespread adoption.
as if Latest cable “Tech Support” section Cuban, best known for his role on “Shark Tank” and owner of the Dallas Mavericks, discussed a variety of topics, including some of the challenges facing the crypto space.
He highlighted crypto's shared relationship with speculation, stating that the real potential lies in creating new applications that improve convenience and efficiency.
The billionaire cited the need for a “grandma-friendly” app that would attract widespread adoption.
It offered a parallel to the iPhone when popular apps like Instagram and Snapchat were available.
Cuban points out that crypto is still waiting for its definition to appeal to the masses.
“Think back to the iPhone. It came out in 2007, but it wasn't until great apps like Instagram, Snapchat, and Facebook moved to mobile that the App Store and the iPhone really took off. Crypto is still waiting for its Instagram moment.”
Regarding non-fungible tokens (NFTs), Cuban argued that the market is currently underperforming.
However, it has drawn comparisons to other industries, such as the Internet stock market crash, when companies like Amazon and Microsoft experienced massive declines before rebuilding.
“I'm not going to tell you what to do or not to do with NFTs other than talking about them. The best time to buy is when you're a collector and you like NFTs,” he said.
Cuban talks about wealth and taxes
During the interview, Cuba shared his insights on wealth, taxes and the potential of cryptocurrencies.
First, The Billionaire emphasizes the role of luck in achieving billionaire status, stating that luck plays an important role in the journey to great wealth.
He rejects the idea that billionaires can easily replicate their success, emphasizing the importance of lucky circumstances in their success.
Expressing a strong belief in the responsibility of the super-rich, Cubans have argued for higher taxes on billionaires.
He emphasized that it is the country's duty to acknowledge the country's contribution and the infrastructure that enables its success.
According to Cuba, wealth should be accompanied by the desire to contribute to the betterment of society.
When asked how he made money from scratch with limited resources, Cuban emphasized his sales skills.
He explained that he wants a sales job and strives to be the best salesman in the industry.
Cuba also discussed the business opportunities that can be provided by technologies like Alexa and language models like ChatGPT.
He pointed out that the individuals can use their knowledge about these technologies to provide services and training to others.
For example, teaching people how to improve the use of Alexa in their homes or guiding businesses to use ChatGipt for their business.
“So if you just get involved and move forward, you'll be the person they're looking for, selling your services on how to push ChatGPT to help businesses or teach kids how to use it better for school.”
