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Are you invested in the Iraqi Dinar (currency) ? its about to"revalue" here in 2013!
Iraq is the Wealthiest Nation on Earth. Many countries hold this as a "Reserve" Currency.
Iraq is rich in Oil, Gas, Gold, Agriculture etc.
Iraqi Dinar Currency Exchange Against US Dollar History
Potential Value Increases of 1 Million Dinar
Afghanistan Afghani (AFA) - Trillions of $$ in "Lithium"
Vietnamese Dong (VND) - "Labor" for China
- Do your OWN research before you BUY! -
5 Digital Currencies You've Never Heard Of
Since the theft of depositors in Cyprus, Bitcoin has reached amazing new heights in both popularity and value. Over a $1 billion of Bitcoins are now in circulation. People all over the world are beginning to realize the value of financial anonymity and the utility of using crypto-currencies.
Peer-to-peer digital currencies don't require a central authority or a bank account, they have microscopic transaction fees, are quasi anonymous and can be used to purchase a growing list of real world goods and services.
However, there is a dilemma to the price of Bitcoin rising too fast. Some say it's a bubble, yet as capital controls and the desire for financial anonymity continue to rise around the world, so will Bitcoin's value. If it is a bubble, it's not likely to burst anytime soon.
The real dilemma is why would anyone spend a currency that doubles in value every few months? Bitcoin, at this point, is a good investment but not a great medium of exchange.
The success of Bitcoin has spawned a few emerging competing digital currencies into the market that seek to correct some of Bitcoin's shortcomings. Modeled after Bitcoin's open-source peer-to-peer format, these new currencies may not be riding Bitcoin's coattails much longer as they gain steam in their own right.
For the past several months Bitcoin has been making headlines as its massive growth has outpaced any and all traditional investments. However, the big winner this week in the fledgling crypto currency market was not Bitcoin but the myriad of young crypto currencies that now appear poised for growth.
What are these young crypto currencies? Here are 5 new crypto currencies you've probably never heard of:
Litecoin (LTC) is quickly becoming the most popular competing digital currency. Litecoin is a peer-to-peer digital currency like Bitcoin but with a scrypt hashing system making it is easier to mine. It trades on multiple exchanges, and a new Silk-Road-like free marketplace called Atlantis is being developed exclusively for Litecoin in Tor. Litecoin differs from Bitcoin in that it's Scypt is easier to mine and four times as many Litecoins will be produced (84 million) giving it more room for expansion and a more stable long-term value. Litecoin has risen from about $.25 to nearly $.70 in the last few weeks and is expected to continue climbing as the marketplace for buying goods with Litecoins expands. Get started with Litecoins here.
Namecoin (NMC) is the only other major competitor to Bitcoin besides Litecoin. Namecoin can be merged mined with BTC, but uses an alternative peer-to-peer domain system. Namecoin differs from Bitcoin in that it allows users to attach information to any given transaction, but is similar in that only 21 million coins will be produced. Namecoins are currently trading at around $.20, or .00226 of a Bitcoin. Get started with Namecoins here.
PPcoin (PPC) is a P2P digital currency compatible with Bitcoin mining, but it uses an innovative proof-of-stake system to provide most of the network security instead of proof-of-work like Bitcoin. "Security level of the network is not dependent on energy consumption in the long term thus providing an energy efficient and more cost-competitive peer-to-peer crypto-currency," PPC's white paper says. Up to 2 billion PPcoins are currently allowed to be created. PPcoins trade on a few exchanges where its current value is just shy of $.02 and Find out more about PPcoin here.
Launched in the fall of 2012, Terracoin (TRC) is one of the newest decentralized, person-to-person digital currencies, also modeled after Bitcoin's protocol. Twice as many Terracoins (42 million) will be produced as Bitcoins which makes them easier to mine. With Terracoin, only the "longest" blockchain gets used by the network, thus preventing any malicious nodes making it even more secure. Terracoin trades on multiple exchanges and it's current value is around $.092, or .001 Bitcoins. For more info on Terracoin, go here.
Devcoin (DVC) is a digital crypto-currency that seeks to spur jobs and innovation. It can be merge mined with Bitcoins, but the reward for coin generation goes heavily to open-source developers who get 90%, leaving 10% of the bounty for the miner. Besides developers and programmers, Devcoin rewards artists and writers who can earn DVCs for their work innovating the currency. The concept is to provide jobs to anyone who wants to work, payable in Devcoins. "Devcoins provide an income for everyone who wants to work, even if they live in an area with more job seekers than jobs," it says on their Wiki page. DVC's currently trade at a fraction of a penny. Find out more here.
What is Bitcoin? https://btc-e.com/
Read in FULL here:
Challenging the dollar': Bitcoin total value tops $1 billion
Bitcoin Is The Perfect Asset Bubble -- Prices Could Go Vastly Higher From Here
BBC covers Bitcointo see if "virtual cash can replace money" April 1, 2013
Max Keiser on HuffingtonPost: Is Bitcoin Money?
Posted: 03/14/2013 5:24 pm
Since Bitcoin is now a $400 million market, with its pricehitting new all-time highs, now might be good time to ask, is bitcoin money?
According to Aristotle, for something to be considered money, is has to fulfill four characteristics:
1) It must be durable. It can't fade, corrode.
2) It must be portable. It has to be 'dense' so that you can take it with you when you travel to the market.
3) It must be divisible or, 'fungible.' This means that if you break it up into smaller pieces each smaller piece when you add them up will equal the value of the original piece.
4) It must have intrinsic value. This means it must have value whether or not it's used as money per se.
Let's look at these four characteristics and see if they apply to Bitcoin.
Bitcoin is a peer-to-peer, decentralized form of money; as durable as the Internet itself. Remember, the Internet or DARPA as it was originally called, was created as a fail-safe, global network with no 'single point of failure.' If one part goes down, data takes another route and nothing is lost. So on this point the answer is "Yes," Bitcoin is durable.
Bitcoin is probably the most portable money in the history of the world. I can download any amount onto a thumb drive and walk across any border without any problems. Or, I could commit to memory a line of code that I can then input into the network and save or spend Bitcoins. So on the point of portability, Bitcoin gets an Aristotelian "Yes."
Bitcoin is probably the most fungible currency ever created. You can break it down by 10,000 decimal places and trade it just as easily without it changing in value so on this point the answer is also "Yes."
4) Intrinsic Value.
This is probably the characteristic that most people find difficult to comprehend. The intrinsic value of Bitcoin is very 21st century. If you think about it, what's the one thing that has become extremely scarce over the past thirty years that has grown in desirability? Privacy.
Privacy is an age of universal email collection and spying, with millions of CCTV camera's, and warrantless spying pervasive; privacy has become virtually non existent and therefore extremely scarce and desirable. Bitcoin can be a completely anonymous transaction that maintains the user's privacy beyond the reach of any authority. So on this point too, the answer is "Yes," Bitcoin fulfills Aristotle's need for having intrinsic value. Privacy is a desirable human right and people would want it even if it wasn't encoded as Bitcoins.
In conclusion, using Aristotle's four characteristics of money, Bitcoin fulfills all four. So then according to an Aristotelian definition, the answer is 'Yes.' Bitcoin is money.
Follow Max Keiser on Twitter: https://twitter.com/maxkeiser
Obama Plans on killing the US Dollar:
Obama administration agenda to "kill U.S Dollar"
January 2013 .. Senior Obama Admin Official: "We Are Going to Kill the Dollar" :
January 22, 2013 "We're going to kill the dollar".. The Fed's Plan B
14 Water Stocks:
Badger Meter (AMEX: BMI)
Calgon Carbon Corp (NYSE: CCC)
Claymore S&P Global Water (NYSE: CGW)
Consolidated Water Co (NASDAQ: CWCO)
Energy Recovery (NASDAQ: ERII)
Flow International (NASDAQ: FLOW)
Insituform Technologies (NASDAQ: INSU)
Layne Christensen (NASDAQ: LAYN)
PowerShares Water Resources (AMEX: PHO)
Roper Industries (NYSE: ROP)
Tetra Tech (NASDAQ: TTEK)
Veolia Environment SA (NYSE: VE)
Watts Water Technologies (NYSE: WTS)
Aqua American (NYSE: WTR)
- The Coming Water Crisis That Will Change The Lives Of Every Person On The Planet
- Water Stocks: The Ultimate Commodity
- Guest Post: The Coming Water Wars
Some Websites I Follow:
My posts are NOT a buy/sell recommendation, Do your Own Research, before you buy any stock -
I reserve the right to buy/sell any stock or any security I post about or not.