Cryptos Assemble! 6944
Analysis
Arun Yeldho
Apr 24, 2018 at 1:58 AM

Working on an analysis of the crypto landscape can be quiet drab. And reading through it maybe just as so. So in an attempt to take a break from the usual routine and make things more……...... “MARVELOUS,”let's try something different when approaching the analytics of the crypto industry.

To say the Marvel Cinematic Universe has been successful in the film industry would be a colossal understatement at this point. What started off as just an idea to create an expanded universe through movies had become one of the most fabulous real-world underdog tales of the century. Ten years later and 18 movies, this idea has all but taken the industry by storm.

With the whole world about to face its greatest comic book threat yet in a few days, let's compare the world of the MCU characters with a few big players from the world of cryptocurrencies.

Bitcoin as Iron Man

May 2, 2008, a not so well known superhero was coming to the big screen and by no means was this movie the first of its kind. We’ve been introduced to Superman, Batman, and Spider-Man before. And this guy wasn’t even that well known compared to the man of steel. Most people thought he was just a robot! So it would be putting it likely in saying that Tony Stark had a risk at shitting the bed even before it got on it. And to everyone’s surprise, he instead revolutionized it (the mattress and all!). And thus, the MCU was born.

Much like Iron Man, Bitcoin, in hindsight, signaled a new era in the digital currency. A whitepaper was written in 2018 by an unknown figure, Satoshi Nakamoto, detailed the mechanics of a new currency built on blockchain technology. By leveraging the advantages of the blockchain, i.e., authenticity, decentralization, and immutability. Bitcoin was able to address the deficiencies in the digital money that came before it. This elegant solution of marrying digital currency with blockchain caught the attention of early adopters who saw the potential power of such a solution.

It’s hard to imagine a crypto world without Bitcoin. In fact, just like Iron Man and the MCU, today’s crypto world, would arguably not have been possible without Bitcoin to have boldly laid the groundwork.

Ethereum as Captain America

Cap is often called the First Avenger, a guy who went from a zero to hero. His tale is a romantic one and has the touch of idealism that is later fleshed out in the later standalone movies The Winter Soldier and Civil War, where we see him grapple with the challenges of inhabiting our modern world. While Iron Man provides the flash, glitz, and glamour, it can be said that Steve gives the real world substance that gives an added layer of depth to the MCU.

In much the same way, while Bitcoin laid the foundations for the digital currency, Ethereum pushed the boundaries with the concept of “smart contracts.” A new way to harness the incredible potential of blockchain that would prove useful in many industries.

Ethereum was the brainchild of Vitalik Buterin, who envisioned other uses for blockchain beyond what Bitcoin was offering. In the whitepaper in 2013 a proposal was made for the development of a platform that would allow for the development of decentralized applications. The Ethereum blockchain would have “a built-in fully fledged Turing-complete programming language that can be used to create “contracts,” eventually leading to the development of the “smart contract.” A self-enforcing code created on the blockchain that has the basis of many applications in the market today.

Stellar as The God of Thunder

When we look back at it, in the grand scheme of things, Thor introduces us to the massive scale of the galaxy within the MCU. It is through Thor, that we know of the Nine Realms, and get a sense of the vastness of the MC universe. This knowledge that the shared universe involves more than just Earth becomes more prevalent as we go deeper into the MCU. Thor, therefore, is the one who expanded the storytelling in breadth and depth, and connected us, the to the greater galaxy.

Likewise, Stellar’s aim is to “connect people, payment systems, and banks” and “achieve a more inclusive digital economy.” Multi-currency transactions are made more accessible and simple. While Bitcoin brings an alternative form of currency, Stellar brings the possibility to connect and integrate with the existing infrastructure in our financial systems.

Just as Thor links Earth and the wider galaxy in the MCU, Stellar can potentially link our current financial system and the emerging digital economy. Stellar could be the rainbow bridge that brings more businesses and people into the blockchain world.

Cardano as The Incredible Hulk

Banner’s smarts and the Hulk’s brawn, plus Ruffalo’s everyman quality, makes this character interesting and dynamic to watch.

Banner’s intellectual approach to problems could equate to Cardano in the crypto world. Out of most of the blockchain projects that exist today, Cardano has the distinction of being one that uses scientific research and analysis first in order to evaluate and solve its problems. It aims to create a decentralized platform for financial payments that balance both the needs of users and the regulators.

Consensus

From what we know, even after its long and successful career so far Marvel Studios isn’t planning on slowing down anytime soon, even after the conclusion of the infinity war arc. They have a blackboard of movies planned until 2022, so although this first era of the Avengers seems to be coming to a close, there’s still more to look forward to.

Blockchain and cryptocurrency are similar in that regard. The market has grown exponentially in the last two years, and even in the bear market in 2018, a feeling of excitement still permeates the air. So even though it had its fair shares of highs and lows the universe of cryptocurrencies looks like it is still just getting started.

Image from Marvel.com