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GBTC...CCI dropping out of overbought. News is the powers that be said NO on the BitCoin EFT.
Congratulation to those who stayed with the trade at $9.50/9.60...
I wasn't paying attention after I let myself be taken out at $9.28.
Daily...
GBTC...gave a lot of price back today...high $12...
Volume has improve...I may try a trade soon if intraday gets oversold...
60minute...
GBTC I like $10.10 price but will wait and see how 60 minute works off its CCI overbought..
60minute
closed 9.48 at 9.28...stand aside...no buyers,...no follow through...
15minute
GBTC...LONG AT $9.48...hair trigger stop...VOLUME IS SICK...where did all the fanatics go?
15minute
60minute
Daily
15 Minute ...support/resistance...
60minute
EPAZ...
Epazz, Inc.’s CEO, Shaun Passley, Ph.D., said, “Our valuation in the marketplace is not reflecting our true value. We expected our new versions of our cloud business software to assist in growing our revenues and increasing our profits.”
“As we go on in 2018,” continued Passley, “we expect our Zenapay and other blockchain apps to begin to generate revenues. Zenapay is our blockchain payment solution for companies to accept cryptocurrencies like Bitcoin and Ethereum.”
In October 2017 and prior to Zenapay’s release, the company announced that it saw an opportunity for Zenapay in fantasy sports. The Supreme Court recently decided to allow states to legalize sports betting, so there is now a major opportunity to push forward with plans to add fantasy sport features and functionality to Zenapay and other blockchain apps such as Tap Bitcoin.
ZenaPay is being developed to solve a major problem in high-risk industries: getting paid. Traditional banking systems do not allow high-risk industries to access their payment systems. ZenaPay offers a cutting-edge payment solution that gives consumers a way to buy items online or in stores using Bitcoin. The new Bitcoin payment software will allow consumers to use digital currency to make online or in-store purchases with ease. The process will also be anonymous because all transaction details are encrypted through Bitcoin, which will enable stores to accept digital currency instead of only cash. ZenaPay is available on the App Store and Play Store.
May 23,2018 https://seekingalpha.com/pr/17171950-epazz-q1-revenue-profitability-blockchain-mobile-apps-cloud-business-software-new-version
Daily
60minute
60minute GBTC...BOLLINGER BANDS ARE VERY TIGHT...so which way is the move going to go ...
60minute...Hints of weakness...?
GBTC...all the technicals are working ...BUT...VOLUME is very low...
I like GBTC above $10 but I'm not buying more shares...see how volume looks if price goes above $11...$11.10...
Daily...
GBTC...15minute chart...looking at the Bollinger Bands =very tight...just how tight can they get...
Recent low is your stop...I'm tempted...could POP $1...but which way...?
15minute... the trader's momentum indicators say...
30minute...so ask 30minute...UP...UP has a 33% chance... so its still early...actually its saying some accumulation is happening...
GoldCrypto ICO ...this almost makes sense to me...not saying anything about other crypto currencies making sense...
CO Crypto Secure to date- $13,197,600 https://cryptosecure.com
ICO-Gold Crypto to date $9,664,150.00 https://goldcrypto.io
AUX TOKENS AS AN IDEAL CRYPTOCURRENCY FEATURE:
Value – 150% gold-backed and ever increasing, AuX token value is irrefutable and not based on speculation.
Cryptocurrency[color=red][/color] – A global nationless digital currency that recognizes no borders.
Safe and Secure – If hacked (unlikely) then AuX tokens are replaced.
Counterfeiting – Cannot be counterfeited as AuX tokens are fully accounted on blockchain.
Trust – Backed by verifiable increasing gold.
Scalability – Can be traded at many 1,000s transactions per second.
Transferable – Can be used for payments, remittances, be bought or sold or used in stores worldwide.
Authenticity – AuX token authenticity can always be validated and verified.
Portability – AuX tokens are globally portable. Through GoldCrypto wallets/cards, AuX tokens can be realized in multiple countries and fiat currencies, instantly exchanged with other cryptocurrencies and used in stores worldwide.
Fungibility – Able to be used for exchange of most any value services or products and/or for physical gold which is itself highly fungible.
Durability – As a digital currency, AuX token durability exceeds that of all fiat currencies.
Divisibility – Provide for divisibility that will enhance global usage as and when required commensurate with its growth traction as a cryptocurrency.
In a cryptocurrency market where hacking and token theft is rampant, AuX tokens represent a major industry breakthrough providing utility, value, and security.
https://ih.advfn.com/p.php?pid=nmona&article=77695593
In a cryptocurrency market where hacking and token theft is rampant, AuX tokens represent a major industry breakthrough providing utility, value, and security.
GoldCrypto pre-purchases the gold bullion backing its AuX tokens through the Key Capital Corporation (OTCPink:KCPC) Mining Division. GoldCrypto has already pre-purchased over 13,000 ounces of gold. The Key Capital Mining Division team of specialists will monitor gold production from various mining interests through production, minting at Scottsdale Mint, and the final delivery to GoldCrypto-appointed vault storage. For information on Key Capital Corporation, visit: https://www.keycapitalgroup.com
GoldCrypto ICO
The ICO is open until August 31, 2018 and currently offers a 5% bonus. AuX tokens can be secured through exchange for BTC, ETH, LTC, BTC Cash, ETH Classic, or Dash. For details: https://goldcrypto.io
About CryptoSecure
CryptoSecure.com delivers the world’s first operational ultra-secure, scalable, commercial fiat and cryptocurrency integrated platform enabling real-time transactions in multiple crypto and fiat currencies, ATM access, FREE global money transfers, physical store or online purchasing, and trading on the world’s first cybersecurity-guaranteed cryptocurrency Exchange offering replacement of cryptocurrencies if stolen. See https://CryptoSecure.com
Contact Information
GoldCrypto Inquiry:
General Inquiries: info@goldcrypto.io
Darcy Johnston: darcy@cryptoinvestorinc.com
https://investorshub.advfn.com/boards/board.aspx?board_id=24405
60minute
The Bank of International Settlements, the Central Bank for the world’s Central Banks of Central Banks, came out with a report over the weekend bashing the decentralized nature of cryptocurrencies like bitcoin (BTC-USD), saying the way that cryptos are structured could break the internet if, theoretically, all monetary transactions in the world were conducted using blockchain. The amount of electricity that bitcoin and ether (ETH-USD) use even now is enormous. What would happen if everybody actually started using digital currencies for everything? Cyberspace may explode, or at least Iceland would, since that’s where a lot of the world’s miners are situated, taking advantage of thermal vents under the island to power bitcoin mining.
REGULATION
Financial Action Task Force (FATF) will work with the Japanese government to introduce new unified cryptocurrency regulations in the coming months. Last month, the Japanese Financial Services Agency urged the world’s top economies in the G20 to create unified regulations for cryptocurrencies.
GBTC...IT WOULD BE NICE IF gbtc COULD GET A BOUNCE HERE just below $11...
HSSHF...I intend to buy this one...
See post I'm replying to...
https://www.hashchain.ca/hashchain-technology-deploys-another-1625-new-rigs-in-cryptocurrency-mining-facility-bringing-company-total-to-3495/
VANCOUVER, May 30, 2018 – HashChain Technology Inc. (“HashChain” or the “Company“) (TSXV: KASH; OTCQB: HSSHF) today announced the deployment of an additional 1,625 cryptocurrency mining Rigs (“Rigs”) at their Montana, USA data center (“Montana Facility”). With 1,870 Rigs already in operation, the Company is mining with a total of 3,495 Rigs using approximately 4.6 MW of computing power.
HashChain has 100 GPU Rigs in operation for exclusively mining Dash (DASH) digital currency, and 3,395 ASIC Rigs for mining Bitcoin (BTC).
“We are committed to scaling our mining operations amidst a rapidly consolidating market that requires aggressive growth,” says Patrick Gray, CEO of HashChain. “Just a little over five months ago, the Company was operating with only 100 GPU Rigs, and now we are poised to deploy a total of 9,495 Rigs before the end of July 2018 upon successful completion of our recently announced acquisition. In tandem with our growth in this area, HashChain is also allotting heavy resources to our Masternode hosting platform and blockchain accounting and tax software to build upon all revenue streams.”
With the deployment of the 3,495 Rigs, the Company has an additional 1,000 Bitcoin Rigs purchased and awaiting installation and has entered into an agreement to acquire an additional 5,000 Bitcoin Rigs. With all 9,495 Rigs in operation, HashChain will be mining with approximately 12.5 MW of power.
About HashChain Technology Inc.
HashChain is a blockchain company, and the first publicly traded (TSXV: KASH; OTCQB: HSSHF) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining ‘wins.’ HashChain currently operates 100 DASH mining Rigs and 3,395 Bitcoin Rigs with an additional 6,000 to be deployed upon successful completion of its recently announced acquisitions. Once all Rigs are operational HashChain will be consuming approximately 12.5 megawatts of power. HashChain also acquired two Dash Masternodes, which requires a collateral investment of 1,000 DASH coins for each Masternode. Diversifying its business strategy beyond crypto mining, the Company recently acquired NODE40, a blockchain technology company that developed NODE40 Balance, a new SaaS product making cryptocurrency tax reporting simpler and more accurate. The solution allows cryptocurrency users and traders to accurately report their capital gains and losses. NODE40 is also one of the leading masternode server-hosting providers for the Dash network and is seeking additional alternate coin masternode hosting.
Daily...
BitCoin...there is some "fear of the Speculative gods" happening with BitCoin at this time=you can see the fear/panic when price is outside the Bollinger Bands...recent news is about how BitCoin has been manipulated...
Some think price is going to test the $6,00 level...
Daily...(EOD end of day chart)
Daily GBTC...I'm long GBTC so I'd rather BitCoin not go to $6,000 ...but may have to cover and look for a better entry price...
GBTC LONG AT $11.60...HAIR TRIGGER...
Daily
60minute
closed GBTC AT 11.50 minus $0.50...
Coinrail hack, the hackers struck on June 10 and made away with a number of different cryptocoins, including the recently launched Pundi X (NPXS), which makes roughly two thirds of Coinrail's trading volume. Korea's Yonhap estimated that a total of 40 billion won ($37.2 million) of coins went missing.
Coinrail is a fairly small exchange with roughly $2.5 million in daily volume according to CoinMarketCap. "(Coinrail) is a minor player in the market and I can see how such small exchanges with lower standards on security level can be exposed to more risks."
The Coinrail theft is the fourth major cryptocurrency exchange hack this year. In January, $400 million worth of cryptocurrency was stolen from Japanese exchange Coincheck, and in February, $200 million worth of cryptocurrency went missing from Italian cryptocurrency exchange Bitgrail. In April, cryptocurrency exchange Coinsecure said some $3.3 million worth of Bitcoin were stolen from its wallet.
The total market cap of all cryptocurrencies has descended below $300 billion for the first time since early April; it currently stands at $297 billion.
Daily
30 minute GBTC...SOME LIFE...
TEUM price target $3.50...Pareteum Corporation... focus is on cloud communications; the company is also involved in Blockchain technology to its billing and settlement services. This newest service capability enables Pareteum customers to participate in the transformational 'Digital Economy Monetization to the Cloud' and now accept and process Bitcoin, Ethereum, Litecoin, Airtokens and other forms of cryptocurrencies.
May 25, 2018 http://www.taglichbrothers.com/equityuniverse/pareteum.php
Pareteum Corporation, headquartered in New York, NY, is a cloud communications platform company. Cloud communications
involves the integration of multiple communication methods and services that can be accessed over the Internet and are handled and
hosted by a third-party (such as Pareteum) through the cloud.
Key investment considerations:
We are initiating coverage of Pareteum Corporation with a Speculative Buy rating and twelve-month price target
of $3.50 per share.
Worldwide spending on public cloud services and infrastructure is forecast to achieve a five-year compound
annual growth rate (CAGR) of 21.9% with public cloud services spending totaling $277 billion by 2021. One of the
industries projected to grow the fastest is the telecommunications industry with a 23.3% CAGR over the five year
period. Software as a Service (such that Pareteum offers) is projected to be the largest cloud computing category,
capturing nearly two thirds of all public cloud spending in 2018.
At March 31, 2018, the company’s 36-month backlog increased to $200 million from $147 million at December 31,
2017. Over the past year, Pareteum has managed to convert over 100% of its backlog into revenue. In 1Q18, the
company has increased by 94% the number of connections using its technology to 2.2 million compared to the
year-ago period, and 30% since December 31, 2017.
Pareteum’s 36-month contractual backlog and growing number of connections using its technology suggest strong
revenue growth through our forecast horizon. We project strong revenue growth will result in $11.2 million
EBITDA in 2019.
For 2018, we project a 63.2% increase in revenue to $22.1 million and a net loss of $3.8 million or $(0.07) per
share. The increase in revenue should be supported by the company’s 36-month backlog.
For 2019, we project a 95.4% increase in revenue to $43.2 million and net income of $9 million or $0.14 per share.
Growth should be driven by a doubling in deployments that are scheduled for 2019.
GBTC...WHAT HAPPENED TO ALL THE VOLATILITY?
GBTC...not real exciting...and may be waiting on more dollar weakness...the daily volatility hasn't been there...?...which can be a good thing unless you're a volatility adrenaline junkie.
HSSHF 60minute...note how the 65moving average is acting as resistance.
Daily
HSSHF Hashchain https://investorshub.advfn.com/HashChain-Technology-Hsshf-32858/
Hashchain Technologies Inc. is a crypto-currency miner with some big ambitions. In the crazy world of cryptocurrencies, where prices shoot up and down with no warning, Hashchain gives its investors exposure to a broad range of crypto assets.
Think of it as an ETF for the crypt world. Hashchain has 870 mining rigs in operation. When it’s finished upgrading its facility in Montana, it will be able to mine 20 MWs of coins. Coin mining was a major winner last year. The top twenty-five cryptocurrencies paid out big for investors: the currency Verge, for instance, saw a return of more than 250,000 percent. Compare that to gold mining, which brought back a measly 11 percent for investors in 2017.
Hashchain is far more than just a crypto miner. It also owns a “masternode” for the crypto-currency Dash. The node brings a return of 8 percent to Hashchain, which profits directly from Dash investment. Dash is a smaller currency than Bitcoin or Ethereum, but its growing fast. Even with the falling value in crypto, the number of transactions continues to rise. Dash is being produced at a rate 8x faster than Bitcoin.
Hashchain, according to its CEO, is looking to go further than just its mining and masternodes though, it is aiming to give investors access to a lucrative market “that they can’t take advantage of themselves.” As well as this, Hashchain is committed to bringing regulation to the crypto space, where it’s badly needed. Uncertainty, lack of oversight and a lot of shady buyers has created some concern among coin miners. There are worries that various crypto prices are unrealistic. The SEC announced in January that it’s cracking down on the bitcoin market and will be watching new ICOs (initial coin offerings) very closely. Hashchain is working on new regulatory software to make the crypto space safe for investors. Think of them as the Intuit for crypto-currencies. Right now, the makers of TurboTax earn about $4 billion per year.
GBTC...see if 60 minute CCI gets oversold (or corrects some) and would go long. Right now it almost looks like price could start walking the upper Band.
Daily
60minute
GBTC...if you understand this post you can do the same with GBTC...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141014090
All I need to know is where I'm at...it answers the question..."IF you don't know where you're(PRICE) at...HOW are you going to know where you're (PRICE) going.
Daily GBTC is very oversold...10day average is at 13.74...3day is at 12.90.
The only way 3 day is going to cross 5day($13.17) is price needs to be above 12.90 and going higher...
If 15 minute chart is ready to come out of oversold you use it to walk UP to the 60 minute chart signals...
15 minute
60minute...60 minute will be ready when %B says its ready...and the trade is ...ON...
HSSHF...LOOKS LIKE IS TRYING TO REVERSE up...
HSSHF Hashchain https://investorshub.advfn.com/HashChain-Technology-Hsshf-32858/
Hashchain Technologies Inc. is a crypto-currency miner with some big ambitions. In the crazy world of cryptocurrencies, where prices shoot up and down with no warning, Hashchain gives its investors exposure to a broad range of crypto assets.
Think of it as an ETF for the crypt world. Hashchain has 870 mining rigs in operation. When it’s finished upgrading its facility in Montana, it will be able to mine 20 MWs of coins. Coin mining was a major winner last year. The top twenty-five cryptocurrencies paid out big for investors: the currency Verge, for instance, saw a return of more than 250,000 percent. Compare that to gold mining, which brought back a measly 11 percent for investors in 2017.
Hashchain is far more than just a crypto miner. It also owns a “masternode” for the crypto-currency Dash. The node brings a return of 8 percent to Hashchain, which profits directly from Dash investment. Dash is a smaller currency than Bitcoin or Ethereum, but its growing fast. Even with the falling value in crypto, the number of transactions continues to rise. Dash is being produced at a rate 8x faster than Bitcoin.
Hashchain, according to its CEO, is looking to go further than just its mining and masternodes though, it is aiming to give investors access to a lucrative market “that they can’t take advantage of themselves.” As well as this, Hashchain is committed to bringing regulation to the crypto space, where it’s badly needed. Uncertainty, lack of oversight and a lot of shady buyers has created some concern among coin miners. There are worries that various crypto prices are unrealistic. The SEC announced in January that it’s cracking down on the bitcoin market and will be watching new ICOs (initial coin offerings) very closely. Hashchain is working on new regulatory software to make the crypto space safe for investors. Think of them as the Intuit for crypto-currencies. Right now, the makers of TurboTax earn about $4 billion per year.
BitCoin...GBTC...
https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.html
Robert Shiller, best-known for warning about the housing and dot-com bubbles, pointed to the early 19th century when merchants tried to replace the gold standard with "time money." The "Cincinnati Time Store" for example sold merchandise in units of work, and closed just three years after it launched. One hundred years later during the Great Depression, economist John Pease Norton, proposed a dollar by electricity, which also failed to catch on.
"Each of these monetary innovations has been coupled with a unique technological story," Shiller wrote in a blog post Monday. "But, more fundamentally, all are connected with a deep yearning for some kind of revolution in society."
Bitcoin and cryptocurrencies are no different, he said. They were introduced by a community of entrepreneurs who as Shiller put it, "hold themselves above national governments, which are viewed as the drivers of a long train of inequality and war."
The mania around bitcoin today is also due in part to its mystery, the Yale University professor said.
"Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal," Shiller said. "None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough."
GBTC...daily
05/21/2018 Bitcoin and cryptocurrencies introduced by a community of entrepreneurs who as Shiller put it, "hold themselves above national governments, which are viewed as the drivers of a long train of inequality and war."
Daily GBTC says it wants UP...$13.70
GBTC... Daily...weakness continues with the strong dollar?...
$12 or $10...need stochastics to turn...60minute waiting on CCI 20...
Daily
60minute
HACKERS...fyi... Malware authors are using JavaScript code delivered via malvertising campaigns to mine different cryptocurrencies inside people's browsers, without their knowledge. Crooks are currently deploying this technique on Russian and Ukrainian websites, but expect this trend to spread to other regions of the globe. Malicious ads delivered on gaming and streaming sites - The way crooks pulled this off was by using an online advertising company that allows them to deploy ads with custom JavaScript code. The JavaScript code is a modified version of MineCrunch (also known as Web Miner), a script released in 2014 that can mine cryptocurrencies using JavaScript code executed inside the browser. Cryptocurrency mining operations are notoriously resource-intensive and tend to slow down a user's computer. To avoid raising suspicion, crooks delivered malicious ads mainly on video streaming and browser-based gaming sites. Both types of sites use lots of resources, and users wouldn't get suspicious when their computer slowed down while accessing the site. Furthermore, users tend to linger more on browser games and video streaming services, allowing the mining script to do its job and generate profits for the crooks. ...Posted by: Malvertising Campaign Mines Cryptocurrency Right in Your Browser at September 15, 2017 08:41 AM
A few hours ago a cryptocurrency miner appeared on The Pirate Bay website, using thecomputer resources of visitors to mine Monero coins. The operators of The Pirate Bay are testing it as a new way to generate revenue, but many users aren't happy. Many Pirate Bay users began noticing that their CPU usage increased dramatically when they browsed certain Pirate Bay pages. Upon closer inspection, this spike appears to have been caused by a Bitcoin miner embedded on the site. The code in question is tucked away in the site’s footer and uses a miner provided by Coinhive. This service offers site owners the option to convert the CPU power of users into Monero coins. The miner does indeed appear to increase CPU usage quite a bit. It is throttled at different rates (we’ve seen both 0.6 and 0.8) but the increase in resources is immediately noticeable. Posted by: The Pirate Bay Website Runs a Cryptocurrency Miner at September 17, 2017 04:38 PM
This past weekend, Showtime websites were found to be running a script that allows the sites to mine visitors’ extra CPU power for cryptocurrency, as pointed out by users on Twitter. The afflicted sites included showtime.com and showtimeanytime.com, but the script has since been removed following reports from Gizmodo and other sites.
The crypto mining Javascript is called Coinhive, and according to the site, it was made as an alternative to banner ads as a way for website owners to get around pesky ad-blockers. Ironically, some ad-blockers have now included Coinhive on the list of the banned. The script mines the cryptocurrency known as Monero. ...Posted by: Showtime websites secretly mined user CPU for cryptocurrency at September 27, 2017 02:51 AM
A report from the security intelligence group RedLock found at least two companies which had their AWS cloud services compromised by hackers who wanted nothing more than to use the computer power to mine the cryptocurrency bitcoin. The hackers ultimately got access to Amazon’s cloud servers after discovering that their administration consoles weren’t password protected. “Upon deeper analysis, the team discovered that hackers were executing a bitcoin mining command from one of the Kubernetes containers,” reads the RedLock report. Kubernetes is a Google-created, open-source technology that makes it easier to write apps for the cloud. “The instance had effectively been turned into a parasitic bot that was performing nefarious activity over the internet,” the report says. ...Posted by: Forget stealing data -- these hackers broke into Amazon's cloud to mine bitcoin at October 9, 2017 02:21 AM
... CoinDesk reported that two IT workers for the government of Crimea were fired in late September, after it was discovered that they were mining bitcoins on their work computers. In January, an employee for the US Federal Reserve was put on probation and fined for mining on servers owned by the US central bank. Posted by: more... at October 9, 2017 02:24 AM
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June 11, 2018 -- ADVFN Crypto NewsWire -- Credit card fraud of any kind, just might get a little harder thanks to Mastercard’s current Blockchain project. Last Thursday, a patent application went public that shows that MasterCard is experimenting with a public blockchain, which it hopes will improve the identity verification process related to credit card ownership. More specifically, this possible solution is intended to be used when a customer attempts to make a purchase, ostensibly to prevent someone using a credit card that does not belong to them. https://ih.advfn.com/p.php?pid=nmona&article=77637989
June 11, 2018 hypothetical "FedCoinBut, it is most likely that the launch of the bitcoin futures market in late 2017 and the manipulation of the cryptocurrency market eventually led the market to become extremely volatile and experience large corrections on a regular basis.
The massive sell-off of bitcoin by the Mt. Gox trustee and a series of negative events from South Korea and the US-led investors to lose confidence in the cryptocurrency market in the short-term.
Earlier today, Bloomberg also reported that the US government and the Justice Department launched an investigation into illicit trading and bitcoin price manipulation.
The author ultimately concludes that Tether could be responsible for nearly 40% of bitcoin’s current value. That could be a serious problem if Tether is actually fraudulent, which the author of the report argues. “It is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions,” the author said in a summary. Proving that Tether is actually backed by an equivalent number of dollars would require a third-party audit. The company did hire a New Jersey-based firm to conduct this audit, but that relationship has apparently dissolved in recent weeks.
Ethereum’s ERC20 token standard, causing Ethereum’s price to skyrocket. On January 1, 2017, Ethereum traded for $8/coin. On New Year’s Day a year later, it had risen 100 times that price to $800. However, recent moves by Google, Facebook and Twitter to ban crypto ads closes the chapter on the get-rich-quick schemes.
Additionally, heavy-handed regulation is likely, as the SEC recently ratcheted up pressure on a number of crypto firms. Last month, Robert Cohen, head of the SEC’s cyber unit, claimed at least a dozen companies have put their offerings on hold after the agency raised questions.
BitCoin MANIA
If BUBBLES, Fads, and Mania are a human characteristic (mass hysteria = collective obsessional behavior)...Humans be very flawed...Kiy...
BitCoin...?...Sh!tCoin...?...
"I may be a little bit over exposed, I am using a little bit of spidey sense, instincts etc. and I do not like doing that with the math based monkey brain attatched in my head..." (LOL...:) ...from The 2-1/2 Minute Warning
\
Uptown Funk
Nov. 2017 Bitcoin prices have again more than doubled since the last update, and "its price has now gone up over 17 times this year, 64 times over the last three years and superseded that of the Dutch Tulip’s climb over the same time frame."
Miners pay real world dollars to invest into computers commonly called bit mining rigs (capital) and then electricity to operate them (running cost).
If bitcoins cost more to generate than their trade in value in USD, the mining economy would collapse. First the capital would dry up, as it isn’t worth to spend thousands of dollars on new mining rigs and then bit by bit the existing rigs would be shut down as the cost of electricity exceeds the value of the bitcoin generated. No different than the fracking drilling rigs really….
As of Nov. 30, 2018 according to one calculation published on Quora you need 13,684 kWHrs to generate one bitcoin. In comparison a typical US home uses about 11,000 kWhrs per year. At the average rate of electricity of 12 cts/kWhr in the US, that equates to 1642 USD just for the operating costs. The Antminer S9 rig that was used for this calculation is available for purchase on Amazon for about $5,500. For $7,200 you too could get into bitcoin mining. But I wouldn’t recommend it. By the time one Antminer finds a bitcoin block, the goal post will have moved. If someone else finds it first, your work gets discarded and the clock restarts. You are competing with data center size installations, some of them located in Iceland where energy is cheap.
On the Madness of Crowds..."Once the crowd gains momentum in the direction of stupid, there is no stopping it." not so famous quote by some guy...Circlem
....it is official that bitcoin is now the biggest bubble in history, having surpassed the Tulip Mania of 1634-1637
https://seekingalpha.com/article/4130885-bitcoin-modern-tulip-mania-invest-expect
Bitcoin is going up in price, not in value.
Last year 2017, the aggregate value of all cryptocurrencies combined surged from $17.7 billion to $613 billion by years end. In just 12 months' time, the value of all virtual currencies rose by more than 3,300%! Mind you, the stock market, inclusive of dividend reinvestment, has historically gained about 7% per year. Digital currencies have absolutely left traditional assets in their dust.
Leading the charge is bitcoin, which barreled briefly to $20,000 per coin in December. Bitcoin began 2017 below $970 a coin, so it's had an incredible run.
Goldman’s Sharmin Mossavar-Rahmani and Brett Nelson write. They note cryptocurrencies already dwarf both the dot-com bubble and the notorious Dutch “Tulipmania,” a period where tulip bulbs became a prized commodity between 1634 and 1637 and prices went haywire.CoinDesk Bitcoin Price Index's all-time high of $19,783.21 on Dec. 17, 2017
But in a refrain of the moves seen after many of the all-time highs this year, that close encounter with $20,000 was followed just days later by a 30% drop that shaved billions of dollars off of the total cryptocurrency market capitalization. It was one of the biggest market corrections seen to date, sending bitcoin's price tumbling below $11,000, and then plummeted to $5911 on February 6, 2018, that decline was a much larger 70% in only seven weeks.
... WHY you ask...and HOW did things get so f*uckup... https://medium.com/@mariabustillos/you-dont-understand-bitcoin-because-you-think-money-is-real-5aef45b8e952
The US dollar is the reserve currency of the world. A reserve currency is a currency that is held in significant quantities by many governments as part of their foreign-exchange reserves. A side-effect of being the world’s reserve currency is that whenever a country purchases a commodity, they do so using dollars. So when France imports oil, they do so using dollars; they have to buy dollars in order to buy oil. In a sense, the dollar is the US’s largest export and is one reason the US hasn’t collapsed already. The dollar’s days as the reserve currency are numbered, however, as this chart shows:
http://therealasset.co.uk/ron-paul-us-dollar-gold/ (Ron Paul) We frequently hear the financial press refer to the U.S. dollar as the “world’s reserve currency,” implying that our dollar will always retain its value in an ever shifting world economy. But this is a dangerous and mistaken assumption.
Since August 15, 1971, when President Nixon closed the gold window and refused to pay out any of our remaining 280 million ounces of gold, the U.S. dollar has operated as a pure fiat currency. This means the dollar became an article of faith in the continued stability and might of the U.S. government.
In essence, we declared our insolvency in 1971. Everyone recognized some other monetary system had to be devised in order to bring stability to the markets.
Amazingly, a new system was devised which allowed the U.S. to operate the printing presses for the world reserve currency with no restraints placed on it– not even a pretense of gold convertibility! Realizing the world was embarking on something new and mind-boggling, elite money managers, with especially strong support from U.S. authorities, struck an agreement with OPEC in the 1970s to price oil in U.S. dollars exclusively for all worldwide transactions. This gave the dollar a special place among world currencies and in essence backed the dollar with oil.
In return, the U.S. promised to protect the various oil-rich kingdoms in the Persian Gulf against threat of invasion or domestic coup. This arrangement helped ignite radical Islamic movements among those who resented our influence in the region. The arrangement also gave the dollar artificial strength, with tremendous financial benefits for the United States. It allowed us to export our monetary inflation by buying oil and other goods at a great discount as the dollar flourished.
In 2003, however, Iran began pricing its oil exports in Euro for Asian and European buyers. The Iranian government also opened an oil bourse in 2008 on the island of Kish in the Persian Gulf for the express purpose of trading oil in Euro and other currencies. In 2009 Iran completely ceased any oil transactions in U.S. dollars. These actions by the second largest OPEC oil producer pose a direct threat to the continued status of our dollar as the world’s reserve currency, a threat which partially explains our ongoing hostility toward Tehran.
While the erosion of our petrodollar agreement with OPEC certainly threatens the dollar’s status in the Middle East, an even larger threat resides in the Far East. Our greatest benefactors for the last twenty years– Asian central banks– have lost their appetite for holding U.S. dollars. China, Japan, and Asia in general have been happy to hold U.S. debt instruments in recent decades, but they will not prop up our spending habits forever. Foreign central banks understand that American leaders do not have the discipline to maintain a stable currency.
If we act now to replace the fiat system with a stable dollar backed by precious metals or commodities, the dollar can regain its status as the safest store of value among all government currencies. If not, the rest of the world will abandon the dollar as the global reserve currency.
Both Congress and American consumers will then find borrowing a dramatically more expensive proposition. Remember, our entire consumption economy is based on the willingness of foreigners to hold U.S. debt. We face a reordering of the entire world economy if the federal government cannot print, borrow, and spend money at a rate that satisfies its endless appetite for deficit spending.
In 1955, the dollar was fully convertible into gold, so the dollar, until Nixon defaulted on it really was as good as gold. Let the words… FULLY CONVERTIBLE, sink in for a moment. So in 1955, all price discovery of all markets was real and honest and continued as such, save and except for the temporary boosts to aggregate demand from money printing after WW2. After Nixon’s default, all markets have been skewed and confused by much more massive money printing (devaluation or dilution of the currency unit) and real price discovery is no longer possible and market results are no longer trustworthy, especially when viewed from the hockey-stick moment in 2008 when money printing took on new meaning. Accordingly, the only market that has any real meaning, is that of gold and silver that will soon have their own hockey-stick moment as the world uses US dollars as toilet paper and dumps US Treasuries. The US dollar is in its very last last days and will soon find out to the chagrin of the plunge protection team and insane NIRP and ZIRP policies to “stimulate” (manipulate) the economy, that the market is much more powerful than any feeble attempts by the Fed to reverse the effects of way back when they printed their first counterfeit dollar and violated the foundation of economics… that it is impossible to get something for nothing. These mad scientists love part one of Maynard Keynes theory of using printed money to shift the aggregate demand curve to the right in recessions because it used to work but they forgot part two, which was that when the economy recovered and tax revenues went back to normal, it was time to pay off the deficit from the stimulus. Now all they do is print massive and increasing amounts of money and accumulate fantasy levels of debt which can never be repaid, and wonder why nobody is buying more and more. It’s because the aggregate demand curve has shifted all the way to the right where no further demand can be stimulated (because the stimulative effects of debasing the currency no longer work and disposable income is tapped out) and is now climbing the inflation portion of the aggregate supply curve. Their only hope to an end to the coming massive collapse of the US dollar, is to immediately raise interest rates to about 25% and stem the exodus of capital. Either that, or do the right thing and massively devalue the dollar against gold and revalue gold (a la FDR in 1933) to about $10,000, which would be a good start because the $2.6 trillion of US Treasuries owned by the Fed would then be backed by gold. It’s just that I don’t really believe that there is 8133.5 tons of gold in Fort Knox anymore. Tsk tsk! What a mess! And to think that the only way out is for the gold-haters and evil bankers to capitulate and reinvent the gold standard, which was never actually repealed. It has been alive and well ever since Nixon’s default and if you want to argue, just look at a gold chart since 1999. … gold and silver reigns supreme as non inflatable money.
The dollar’s devaluation did not really begin until after the Vietnam War and creation of the Petrodollar. Wages only go up because currency is being devalued. In spite of this, wages have in no way kept up with real inflation and taxes, particularly since the 70s. Most people are living on credit and cheap imports. Debt-based monetary systems are not tracks to prosperity.
According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.
The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it's worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.
Runaway inflation was the reason the federal reserve note was issued in the first place.
There are other options in converting out of a failing fiat currency. Rather than tying into metals, one can tie into other precious resources such as energy, minerals, or military power. Today's American currency is arguably tied to military power (though we should rue the day that this value is tested). If my understanding is correct, Brazil escaped the failing reais by converting to another fiat currency, the real. Instead of tying the two together (which would have destroyed the real), they tied the real to the stability of government (military power). By acting early enough, they prevented the collapse of the state.
When one source of authority is corrupted and becomes plainly undependable, another authority can be created as long as the people will buy into it.
It is a sad reflection on humanity, but the sadder reflection would be massive shortage and warfare because of irresponsible leadership.
"Currency introduced in Germany at the end of 1923 by the president of the Reichsbank, Hjalmar Schacht (1877–1970), to replace old Reichsmarks which had been rendered worthless by inflation. As Germany had no appreciable gold reserves, the currency was guaranteed against the assets of the country, namely land and railways. Schacht's success in stabilizing the currency was largely due to the population's willingness to trust the new Rentenmark. In November 1923, the government issued the so-called Rentenmark. The previous currency could be exchanged at a rate of 1 trillion marks for 1 Rentenmark. Inflation quickly stopped. People spoke of the "miracle of the Rentenmark." But the truth is that it wiped out the savings and investments of large swaths of the German middle class as well as wealthy people who had been forced to finance the war by buying government bonds that had now been rendered worthless."
Here are some graphs of the Weimar Republic runup leading to the rentenmark. http://www.nowandfutures.com/weimar.html
Here is an example of an asset backed currency from history and this is what is happening here, now.
The S&P can go to 100,000. The German stock market rose from 21,400 in January to 26,890,000 in November at the peak in 1922.
What's striking is that the rentenmark was backed by and redeemable in land and business bonds.
Sound familiar?
The Fed is loading up on land and business bonds.
.Would combining an asset backed dollar with negative nominal interest rates create a currency that limits economic growth like a gold backed currency?
Gold is an asset. Gold backed currencies are asset backed currencies. They would behave similarly, except for one major difference:
Paper assets are easily created. Backing a currency with paper assets would create an inflatable currency. NIRP would cause assets to be used to increase assets, not dollars. Negative rates would make stocks more attractive than cash. Negative rates would increase total number of enterprises.
https://www.tradingview.com/markets/cryptocurrencies/
PILLAR ...Pillar Project https://steemit.com/pillar/@lightningraven/what-is-pillar-project
Holders have lottery wins in mind... get in... buy some more if they can afford it and Bitcoin Billy or Captain Coin says it's going to leave new footprints on the moon. Trading the swings you have velocity on your side & compounding... this blows holders (buy and hold players) returns away... FACT. Now consider the swings that have taken place. Thousands of points of potential opportunity... but you have to work for it. These things do not go parabolic or vertical forever and/or always. It is a traders market now... evolve or get eaten. ...from ...TotheMoon100X... https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138809720 (Wow...someone who thinks like me...kiy
https://ih.advfn.com/stock-market/USOTC/atlas-cloud-enterprises-inc-ATLEF/stock-price
ATLEF Atlas Cloud Enterprises is an innovator in the operation of scalable high efficiency blockchain mining operations. The difference between a hobby and a business is capital acquisition and a real plan for growth. Unlike many competitors, Atlas owns its own property and facilities.
Long term planning assures asset value where it matters and it’s because of this fact that Atlas Cloud Enterprises Inc. (OTC:ATLEF) (CSE: AKE) (XFRA: A49) could quickly emerge as the premier blockchain infrastructure and cryptocurrency mining operations.
6 Reasons Atlas Cloud Enterprises Will Change The Landscape For Cryptocurrency Mining
Washington at just under 3 cents per KW/h. Just to put this into perspective, the average price people in the U.S. pay for electricity is about 12 cents per kilowatt-hour; that’s FOUR TIMES the price of what Atlas will pay for large scale mining operations! This is by far one of the biggest advantage. Atlas Cloud Enterprises (OTC:ATLEF) (CSE: AKE) (XFRA: A49) has flipped the model in its head by essentially becoming their own power company and generating power at wholesale prices.Let’s also talk specifically about the amount of money being raised right now as not any company can come out and start raising tens of millions of dollars without having real potential. In fact, Atlas Cloud Enterprises has recently raised $14 million!
5. Diversification Of Mining Much of the competition that Atlas Cloud Enterprises has will focus on mining single style tokens, which has mainly been bitcoin. The Atlas approach will be different and more diversified. The company has clearly stated that it will be 70% dedicated to Bitcoin with 30% available for switching to mine most profitable alternative coins. With excellent infrastructure and access to additional property in Washington State, the expansion potential could monumental.
Think of this for just a moment, the fast-food chain McDonald’s sells burgers and fries but their real business is in real estate. Their approach is simple, own the land, tools, and buildings that they lease to franchisees, collect rent, royalties, and opportunity to resell the land later on for additional revenue.There could be a huge opportunity for Atlas to not only save thousands if not millions of dollars in underlying operating costs for mining but it could also present an opportunity for the company to actually resell their power! At $0.03 per KW/h, Atlas Cloud Enterprises could charge 100% markup and still save average Americans 50% on the cost of power!
Atlas Cloud Enterprises (OTC:ATLEF) (CSE: AKE) (XFRA: A49) is far more than just another cryptocurrency mining company and the street has just started to see this as a ground floor opportunity. Atlas Cloud Enterprises (OTC:ATLEF) has just begun to trade in the US and what has happened with other cryptocurrency stocks could be the writing on the walls for what’s to come. Keep in mind that it is harder to compare Atlas to these companies for the sheer fact that its largest cost, power, is more than 50% lower in some cases than its immediate competition.
ATLEF...CryptoCoin mining...
StockCharts.com made a chart for this in less than a week...fast...maybe more than just me requesting a chart...?
I like this stock...looking for a good entry...try to not chase price...
Block One Capital Inc. (TSXV: BLOK.V) (OTCQB: BKPPF) an investment company focused on high growth opportunities in the blockchain and digital currency mining sector, is pleased to provide an update on its investment company: Finzat Block LLC ("Finzat").
Finzat is a New York, USA based mortgage blockchain company aiming to streamline and digitize the US mortgage market using innovative blockchain applications to create a system which is Simple, Auditable, Fault-tolerant and Efficient (SAFE).
BITCF ... https://finance.google.com/finance?q=BITCF&hl=en&ei=AOZTWpHBLoeU2AbEvo6QCA
BITCF ...Israel ...a prolific generator of more than 100 unique cryptocurrencies and developer of Blockchain supply chain management platforms, has entered the decentralized data storage markets in partnership with "Bitcoin Hero" Sebuh Honarchian.
Mar. 1, 2018 2 for one split https://microsmallcap.com/global-blockchain/bloc-5/original-global-blockchain-announces-go-forward-initiatives-corporate-strategy-updates-spinout-stock-split/?utm_source=Aimtell-DM&utm_medium=push&utm_campaign=Aimtell-DM_BLOC_Stock-Split_21-65-M-US-CA_push_cmt_200401
BLKCF Global Blockchain Technologies Corp is an investment company that provides investors access to a mixture of assets in the blockchain space, strategically chosen to balance stability and growth. Blue chip holdings such as Ethereum and Bitcoin are complemented by best-of-breed “smaller cap” crypto holdings, many of which are not yet available to other investors.
BTCS micro-cap player in the cryptocurrency space
BTCS, Inc. and Global Arena Holding are rapidly becoming well-known names in this space. BTCS, for instance, markets itself as the first "pure play" U.S. public company focused on blockchain technology. The company works to secure the blockchain via its distinctive transaction verification services. Global Arena Holding is currently leveraging blockchain technology for potential in voting verification.
BTCS Inc. focuses on digital assets and blockchain technologies. It intends to create a portfolio of digital assets, including bitcoin and other protocol tokens to provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. The company was formerly known as Bitcoin Shop, Inc. and changed its name to BTCS Inc. in July 2015. BTCS Inc. was founded in 2013 and is based in Silver Spring, Maryland.
***BTLLF BTL Group Ltd... is focuses on chain connecting solutions powered by Interbit, which is a blockchain development platform designed for business innovators and developers to quickly and easily incorporate the best of blockchain capabilities into enterprise applications. "Interbit's blockchain architecture was designed from the ground up with privacy, scalability, and security in mind. Satisfying the demands of enterprise clients has always been our primary concern. Our ability to join chains and control what is shared between them, enables features and functionality that previously required third party integrators and compromised the security and privacy of the network," according to BTL Group.
DNAD...DNA Dynamics develops mobile applications and games for smartphones some of which are currently published in iOS and Android ecosystem. The company also develops video games and applications for mobile devices as well as handheld consoles. In addition, the company has moved to diversify its stream of revenues by targeting emerging opportunities around digital currencies.
Dec. 19, 2017 (GLOBE NEWSWIRE) -- DNA Dynamics, Inc (USOTC:DNAD) announces today that its UK Subsidiary, DNA Interactive Limited, has signed a Binding Term Sheet to acquire a crucial patent that requires any Bitcoin ATM operator to give a royalty on every Bitcoin ATM transaction throughout the US.
DNA reports that the ‘Bitcoin ATM' is relatively new and has seen the number of units grow from 500 just over a year ago to nearly three times that number today. With nearly ten new units now being installed each day across the US the number could reach well over 5000 in 2018 with the number of transactions reaching upwards of 250,000 per annum by 2019. http://www.nasdaq.com/press-release/dna-dynamics-inc-to-acquire-bitcoin-atm-patent-20171219-00657
also... https://www.atmmarketplace.com/news/michigan-company-to-purchase-patent-covering-bitcoin-atm-transactions/
Google chart... https://finance.google.com/finance?q=dnad&ei=0f9LWqGtJYOU2Aby_Z_wCA ;
HSSHF Hashchain https://investorshub.advfn.com/HashChain-Technology-Hsshf-32858/
Hashchain Technologies Inc. is a crypto-currency miner with some big ambitions. In the crazy world of cryptocurrencies, where prices shoot up and down with no warning, Hashchain gives its investors exposure to a broad range of crypto assets.
Think of it as an ETF for the crypt world. Hashchain has 870 mining rigs in operation. When it’s finished upgrading its facility in Montana, it will be able to mine 20 MWs of coins. Coin mining was a major winner last year. The top twenty-five cryptocurrencies paid out big for investors: the currency Verge, for instance, saw a return of more than 250,000 percent. Compare that to gold mining, which brought back a measly 11 percent for investors in 2017.
Hashchain is far more than just a crypto miner. It also owns a “masternode” for the crypto-currency Dash. The node brings a return of 8 percent to Hashchain, which profits directly from Dash investment. Dash is a smaller currency than Bitcoin or Ethereum, but its growing fast. Even with the falling value in crypto, the number of transactions continues to rise. Dash is being produced at a rate 8x faster than Bitcoin.
Hashchain, according to its CEO, is looking to go further than just its mining and masternodes though, it is aiming to give investors access to a lucrative market “that they can’t take advantage of themselves.” As well as this, Hashchain is committed to bringing regulation to the crypto space, where it’s badly needed. Uncertainty, lack of oversight and a lot of shady buyers has created some concern among coin miners. There are worries that various crypto prices are unrealistic. The SEC announced in January that it’s cracking down on the bitcoin market and will be watching new ICOs (initial coin offerings) very closely. Hashchain is working on new regulatory software to make the crypto space safe for investors. Think of them as the Intuit for crypto-currencies. Right now, the makers of TurboTax earn about $4 billion per year.
VANCOUVER, Feb. 26, 2018 (Canada NewsWire via COMTEX) -- Company Recaps Blockchain-related Revenue Streams
HashChain Technology Inc. ("HashChain" or the "Company") (KASH)(otcqb:HSSHF), is pleased to provide updates to its Blockchain-related businesses including cryptocurrency mining, DASH masternode ownership, cryptocurrency accounting software, and masternode hosting service.
Cryptocurrency Mining HashChain is operating 100 cryptocurrency mining Rigs ("Rigs") from their Vancouver data center, with an additional 770 Rigs currently being configured at the Company's 20-megawatt (MW) Montana, USA facility ("Montana Facility"). Upon expected deployment in early March 2018, HashChain will be mining DASH and Bitcoin with a total of 870 Rigs at 1.23 MW of computing power in ideal conditions to maximize return on investment. As previously disclosed, the Company has also purchased 3,000 Rigs, which will be received at the Montana Facility in two shipments of 2,000 and 1,000 by end of March and April, respectively. In May 2018, HashChain estimates 3,870 Rigs will be deployed with approximately 5.8 MW dedicated to mining.
DASH Masternode HashChain purchased 1,000 DASH cryptocurrency in October 2017, the amount required to be maintained in a wallet in order to become a masternode. As a masternode, HashChain can vote on initiatives and important decision regarding the future of DASH, as well as facilitate anonymous ("PrivateSend") and instant transactions ("InstantSend") on the blockchain that prevents double-spending and eliminates bottleneck often displayed in "proof-of-work" blockchains. The DASH network currently rewards each masternode holder 6.67 DASH per month, or .22 DASH per day. As part of the acquisition of the NODE40 business, NODE40 will pay to HashChain certain masternode rewards for a total duration of 36 months following the closing after which time this revenue stream will cease. In total, HashChain will receive approximately 880 coins per year for three years, equating to a total revenue of $693,590 CDN per year at the current DASH-to-CDN conversion rate of $788.17 CDN for February 23, 2018 (source coinmarketcap.com). The Company will not be receiving CDN (or any other fiat currency) as a result of the Company's plans not to convert the Dash from the masternodes into Fiat and until the Company's plans change at which time there can be no assurances that the price of Dash will not significantly decrease due to its price volatility or that the Dash could be converted into CDN (or any other fiat currency) at that time.
****HSSHF With the crypto-currency market worth about $600 billion, that gives a company like Hashchain the opportunity to grow by leaps and bounds. Investors looking to profit from the crypto market without exposing themselves to too much risk should take a good look at Hashchain, it has all the gains from mining and masternodes while also keeping an eye on the horizon for the next big thing in the space. https://finance.yahoo.com/news/see-hype-5-stocks-next-003000183.html
HIVE... (T/$6H-9)(wait 2nd qtr.?) .....Jan. 17 HIVE down 28.8% as of 3:15 p.m. EST Wednesday after the enterprise mobility solutions company announced disappointing preliminary fourth-quarter results. Jan. 2018 many many lawsuits...
December 11, 2017. About 37.8 million additional shares will be released from a hold period following a September 7 private placement done at $0.30 per share. HIVE Blockchain recently released its results for the second quarter ended September 30, 2017. It was an eventful quarter, with HIVE forming a strategic partnership with Genesis Mining Ltd., the world’s largest digital currency mining hashpower provider. In conjunction, HIVE acquired and commenced operations at its initial 2.05 megawatt digital currency mining facility in Iceland. The Company has generated revenues of $170,819 from mining of digital currencies over 12 full days of mining operations at the first Iceland facility and a healthy mining margin of $112,959 (66%).
**HVBTF announced the completion of the first phase ("Sweden Phase 1") of a multi-phase build-out of a large-scale GPU-based mining complex in Sweden. HIVE's Sweden Phase 1 operation commenced mining Ethereum on January 15, 2018 and increases the Company's energy consumption dedicated to cryptocurrency mining by over 175% to 10.6MW. HIVE is fully financed to add an additional 13.6MW of GPU mining capacity in Sweden by April 2018 and a further 20.0MW of ASIC mining capacity, facilities capable of mining Bitcoin and Bitcoin Cash, by September 2018 . HIVE's expansion into Sweden diversifies the Company's existing operations located in Iceland , where it has been producing newly mined digital currency continuously since September 2017
***DON'T TOUCH****LFIN On fire with lawsuits...
https://www.daytraderwayne.com/single-post/2018/04/08/LFIN-my-take
March 26, 2018, Citron Research reported that Longfin was "a pure stock scheme" and its "[f]ilings and press releases are riddled with inaccuracies and fraud." Then on March 27, 2018, Bloomberg reported that the Company was being removed from the Russell 2000 Index, less than two weeks after joining, as well as the Russell Global Index and the Russell Developed Index.
12/19/17 LFIN - There were numerous trading halts throughout the day on Monday, but trading was always allowed to resume after a brief stint in the penalty box. Even after all that, there were still fools buying in the 120's, 130's and 140's expecting to sell at 200 by the end of the day. Some bragged about it on stock twits. They weren't bragging at the end of the day. Circlem
BUT...I say the stock shouldn't have been opened if it was halted in the first place because there isn't enough information to justify a 3 day old stock at $10 let alone $140. When it all of a sudden says its buying into CRYPTO or Blockchain...
Bag holdes got what they deserve... Kiy...
US-based, global FinTech company powered by Artificial Intelligence (AI) and Machine Learning. The company, through its wholly-owned subsidiary, Stampede Tradex Pte. Ltd., delivers foreign exchange and finance solutions to importers/exporters and SMEs. Currently, Longfin has operations in London, Singapore, Dubai, New York, Miami and India. LongFin Corp. (NASDAQ: LFIN), an ever-evolving Global Non-Bank Fintech Alternative Finance company specializing in Structured Trade Finance powered by Technology (Artificial Intelligence and Machine Learning)
Longfin is one of the few players in the global FinTech space in alternative finance and shadow banking, a $72 trillion industry worldwide.
http://disruptnyc.com/presenting-companies/ ;
Cryptocurrencies such as Bitcoin and Ethereum will act as a global financing currency to avail credit against hard currencies of many emerging markets.” Says Venkat Meenavalli, Chairman of Longfin Corp. Ziddu.com is a blockchain-empowered global Micro-lending Solutions Provider. The company provides SEMs with Warehouse financing backed by their commodities in warehouses. Its warehouse financing leverages blockchain technology to finance through Ziddu coins and other cryptocurrencies such as Ethereum and Bitcoin against their collateralized warehouse receipts.
https://finance.yahoo.com/news/longfin-corp-acquires-ziddu-com-133000343.html
MARA (T/$12?) Jan. 18, 2018 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (MARA), today announced that it has entered into a purchase agreement to acquire four patents related to the transmission and exchange of cryptocurrencies between buyers and sellers. “Given our proficiency in identifying and acquiring important intellectual property, we believe that these patents afford us a unique and leverageable position, in addition to complementing our efforts as we enter into the digital asset and cryptocurrency business.” As with any new and emerging technology the Company’s efforts to enter into businesses involving digital asset mining and cryptocurrency patent licensing and enforcement is subject to significant risk and we may not be successful.
On November 2, 2017, Marathon announced that it has entered into a definitive purchase agreement to acquire 100% ownership of Global Bit Ventures Inc. (“GBV”), a digital asset technology company that mines cryptocurrencies.
On December 11th, the company announced that it has agreed to sell 1,000,000 shares of its common stock for gross proceeds of approximately $5.0 million. Each share of common stock is being sold at a price of $5.00 per share. Marathon intends to use the net proceeds of the offering for working capital and general corporate purposes.
On November 2, 2017, Marathon announced that it has entered into a definitive purchase agreement to acquire 100% ownership of Global Bit Ventures Inc. ("GBV"), a digital asset technology company that mines cryptocurrencies. The closing of the transaction is subject to obtaining requisite approvals and customary closing conditions.
SSC ...China's biggest business and entertainment moguls buys 27% of Delaware Board of Trade, a 'dark pool' operator. What's The Delaware Board Of Trade — And What Does It Have To Do With Cryptocurrency? https://finance.yahoo.com/news/whats-delaware-board-trade-does-205246010.html
Seven Stars Cloud Group Inc (NASDAQ: SSC) became the beneficiary of cryptomania Wednesday when it announced the purchase of a 27-percent stake in the Delaware Board of Trade Holdings, Inc., or DBOT, for 1.63 million shares of Seven Stars Cloud common stock.
February 23, 2018), the Company announced via press release that it would slash its previously-issued full-year 2017 guidance by more than half – from $300 million to just $125-$144 million, citing "nanticipated personnel issues that led to internal communication and internal administrative oversights that materialized during the Company's 2017 fiscal year." On this news, Seven Stars shares have plunged more than 25% in intraday trading, causing millions of dollars in losses to investors. Lawsuits followed...
Seven Stars Cloud, a Chinese cloud-based B2B solutions provider, focuses on supply chain and digital finance solutions powered by artificial intelligence. The deal was originally reported as speculation by the New York Post Tuesday. The move by Chinese entertainment mogul Bruno Wu, the man behind Seven Stars Cloud, is an attempt to start trading bitcoin-like securities, according to the Post.
Money manager Jon Najarian tweeted: "One of China's biggest business and entertainment moguls has through $SSC purchased a 27% stake in the Delaware Board of Trade, a 'dark pool' operator & plans to expand into the trading of 'bitcoin-like' securities."
DBOT is the only blockchain-based alternative trading system that's fully licensed by the SEC, according to a release from Seven Stars Cloud. Pursuant to the transaction, Seven Stars Cloud will become the largest shareholder of DBOT. Robert Benya, the chief revenue officer at the Chinese company, will become a DBOT board member.
SSC is aiming to become a next generation Artificial-Intelligent (AI) & Blockchain-Powered, Fintech company. By managing and providing an infrastructure and environment that facilitates the transformation of traditional financial markets such as commodities, currency and credit into the asset digitization era, SSC provides asset owners and holders a seamless method and platform for digital asset securitization and digital currency tokenization and trading.
TEUM March 5, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), the rapidly growing Cloud Communications Platform company, announced today that it has been awarded the IoT Evolution's 2017 IoT Excellence Award from TMC and Crossfire Media, a global integrated media company recognized as the voice of the industry.
http://stockcharts.com/c-sc/sc?s=TEUM&p=D&yr=0&mn=6&dy=0&i=p62831539241&a=572040232&r=1516559572189
On December 26th, TEUM announced that it had completed development enabling it to add support of Blockchain technology to its billing and settlement services. This newest service capability enables Pareteum customers to participate in the transformational ''Digital Economy Monetization to the Cloud'' and now accept and process Bitcoin, Ethereum, Litecoin, Airtokens and other forms of cryptocurrencies.
UEPS S. Africa Payment processing firm’s subsidiary, Masterpayment, specializes in cryptocurrencies and announced Tuesday its new role in the digital transactions of Bitstamp.
YNDX Russia The internet services provider and IT firm recently unveiled its new voice assistant, which positions it to penetrate the Internet of Things and the blockchain sequences leveraged in related computing processes.
VSQTF Victory Square
XALL... https://seekingalpha.com/news/3346061-xalles-holdings-acquires-blockchain-development-company-blockforge-inc
https://www.cnbc.com/2018/02/23/bitcoin-blockchain-consumes-a-lot-of-energy-engineers-changing-that.html
"Businesses have every incentive to avoid bitcoin's waste. It's very, very expensive to run things the way bitcoin runs things," said Cornell University computer science professor Emin Gun Sirer, co-director of the school's Initiative for Cryptocurrencies and Smart Contracts.
"The people who come out with the winning algorithms are going to capture a substantial portion of the many billions of dollars that go into back-end systems," Cornell's Sirer said. "We are in a phase where a thousand blockchains will bloom. And the markets will decide on a few winners."
Life-cycle-of-crypto-currencies-2017-12-22
Ripple is one of the more interesting propositions in the cryptocurrency space. Unlike bitcoin and Ethereum, Ripple’s XRP is a payment system rather than a cash system. It enables users to send virtually any asset across the network instantly and incredibly cheaply. Ripple, the company behind XRP, currently holds 50bn XRP tokens with a further 50bn circulating in the market. Ignoring the value of the yet to be released tokens, XRP’s recent rise to dollar parity has made it the third largest cryptocurrency.
Looking east, NEO’s developers have also been hard at work this year. Often dubbed China’s Ethereum, NEO also offers a decentralised platform for developers that the project’s website describes as “compliant”. Many in the cryptocurrency community are speculating that this is the suggestion that China might soon lift its ban on ICOs and require them to be held exclusively on the NEO platform. Like all other major cryptocurrencies, NEO has surged in value over the year and briefly reached highs of $81 in mid-December. 12/2017 https://themarketmogul.com/2017-cryptocurrencies/
As the above table explains, the most delusional player in the Bitcoin space is the trader who thinks he is trading based on value. And for more perspective, when Charlie Munger was recently asked about Bitcoin (and cryptocurrencies, in general), he said:
"I think it is perfectly asinine to even pause to think about them… It's bad people, crazy bubble, bad idea, luring people into the concept of easy wealth without much insight or work. That's the last thing on Earth you should think about… There's just a whole lot of things that aren't going to work for you. Figure out what they are and avoid them like the plague. And one of them is bitcoin. … It is total insanity."
***XNET Chinese tech company Xunlei actually runs a business with consistent revenue growth. Its core platform, the Xunlei Accelerator, boosts the speed of online transmissions for streaming videos, online games, and other cloud-based content. It also generates revenue from online ads and other internet value-added services.
Xunlei's revenue rose 21% to $157 million last year, fueled by its 230% growth in its cloud revenues, but it's been unprofitable for the past nine quarters. As a result, investors shunned Xunlei for most of the year. But in mid-October, Xunlei introduced its "Wanke coin mining project" for a new cryptocurrency called Wankebi. Many investors assumed that the use of Xunlei's cloud acceleration platform on mining rigs made it a good speculative bet on cryptocurrencies, and the stock surged nearly 250% after the announcement. In late November, Xunlei clarified that Wankebi is "a kind of digital asset and can be used on the company's internet properties and should not be traded on other transaction platforms." It also warned that "Wankebi is only a symbol of proof for these applications, rather than a subject of speculation." In other words, Xunlei is merely testing out Wankebi for its own value-added services, and hopes that other cryptocurrency miners will use its cloud acceleration platform. That business might eventually generate a new stream of revenue for the company, but it could also prove fruitless if the cryptocurrency market crashes. https://finance.yahoo.com/news/avoid-overrated-bitcoin-stocks-143300101.html
Digital Power Corp., a manufacturer of electrical supplies for the defense and medical industries, skyrocketed after detailing plans to start mining digital tokens. Rich Cigars Inc. also rallied after saying it was shifting its focus to mining. Bioptix Inc., a maker of diagnostic machinery for the biotech industry, soared after renaming itself Riot Blockchain Inc. to reflect a new focus on buying cryptocurrency and blockchain businesses. When a company changes its focus from a producer of fruit-related product to a financial technology company and its shares double in value, buyers are playing chicken. SkyPeople International become Future Fintech Group (FTFT) and traders go nuts.
But the thing about the game of chicken is there is usually a winner, which means active, disciplined investors can trade these garbage companies and even make money. Understand, for the most part, if you examine management or finances or any SEC filing, you'll realize you are playing a game of chicken backed by the greater fool theory. Can you find a buyer for your shares?
I'd follow five
Almost every one of these companies will be gone or exist as something else in the next few years. Like the internet, I do believe there will be some huge winners in the blockchain space, but I don't think any of the recent high flyers will be part of that group.
Playing the game of chicken is not for everyone. Do not enter the space lightly, but don't be talked out of it if it fits your trading profile.
This commentary originally appeared Dec. 20 on Real Money Pro.
Bitcoin isn't even remotely as stable or trustworthy as gold. Bitcoin is fool's gold (i.e. it's not nearly as attractive as some people believe). https://seekingalpha.com/article/4134485-bitcoin-fools-gold-top-10-income-capital-appreciation-ideas-2018?li_source=LI&li_medium=liftigniter-widget
Cryptocurrencies Galore
There are now over 1,350 different cryptocurrencies circulating around the world. Moreover, there are 23 digital currencies that have a net worth of over a billion dollars by today’s valuation, 97 are worth over $100 million, and 573 have a market value of over $1 million. In total, the full market value of digital currencies has crossed the half a trillion-dollar mark and BTC accounts for more than half, $278 billion of that value. It is important to mention that Bitcoin is not the most efficient cryptocurrency to use, it is also not the most anonymous one, it is simply the first, and the most popular. https://seekingalpha.com/article/4132006-bitcoin-big-short-coming?li_source=LI&li_medium=liftigniter-widget
kodk Eastman Kodak Company(NYSE:KODK). AVOID The company announced a new KodakCoin and is also offering a financing deal for a cryptocurrency mining product.
KODK stock started to pull back in Thursday’s trading, but it’s still up 167% since its Monday, Jan. 8 close as of this writing. Yet, as InvestorPlace’s Luke Lango wrote last week, KODK stock has little chance of being a blockchain winner. The legacy business actually is in significant decline, and it seems likely that the company is headed for a second bankruptcy. Kodak isn’t even the biggest, or the craziest, beneficiary.
We found that Farber and Rae (who mainly posted at other sites) were listed together as contributors on a handful of weekly roundup articles at Market Exclusive in 2016. Those stories carried the byline of Rich, the fictitious or pseudonymous editor. Farber also has written favorable stories about Honig-related stocks at a third site, 247WallStreet.com. He and Nadeem both posted articles in October calling attention to Riot Blockchain, right before that company’s shares began a big move upward.
The fake Mark Collins posted an even more glowing story about Riot Blockchain on Nov. 17. Its stock soared just after that piece appeared, going from $10.35 on Nov. 20 to a high of $24 four days later, as investors stampeded into almost everything bitcoin- and blockchain- related. Riot Blockchain’s share price peaked at $46.20 in mid-December. SEC filings show that in October or November, certain investors who had provided financing to Riot Blockchain earlier in the year converted some of their preferred stock into common stock, and also exercised warrants. They got roughly 2.7 million shares, or a third of the total outstanding. It is likely that much of that stock went to Honig and his associates. Riot Blockchain previously filed registration statements that listed them among the biggest holders of those classes of securities. Given that Riot Blockchain had just 8.3 million shares outstanding, and that more than 60 million shares traded between Nov. 21 and Nov. 27, it would seem that some members of Honig’s group sold shares during the surge, possibly reaping millions in profits. Honig told the Wall Street Journal in January that he personally sold around 500,000 Riot Blockchain shares after its shares soared. SEC filings show that Honig had acquired slightly more than 500,000 shares in late 2016, when the company was known as Bioptix Inc. (formerly Nasdaq: BIOP). Honig and certain associates were waging a proxy battle for control of the company. He also acquired convertible preferred stock and warrants after that. Honig bought his original shares on the open market; SEC filings show that his average purchase price was less than $3 a share. Blockchain’s stock traded for $23 or higher from Dec. 11 of last year to Jan. 10 of this year. If Honig sold those shares in that period, he would have reaped at least $10 million in gains. O’Rourke said in an SEC filing that he sold 30,383 of his shares on Dec. 29, for just under $870,000. He still directly or indirectly controls 52,000 shares, worth about $560,000 as of March 5. O’Rourke told a Denver newspaper that he sold those shares to cover taxes on stock he had been granted by the company.
The key to trading anything is the recognition that you can control risk. Once you embrace that idea, the wild moves in stocks such as RIOT don't seem so random and unpredictable. You can handle them because you will cut your exposure when they don't cooperate.
The best way to learn to trade highly volatile stocks is to take small positions with very tight stops and become used to taking small losses. Keep trying to understand the movement and don't be discouraged if you take a lot of losses. Losses should be viewed as just part of the trading process and not an indication that you are doing anything wrong. All trading is driven by fear -- either fear of loss or fear of not making enough money. You must address that fear in order to make big money, and the best way to do that is to learn how to control risk.
This sort of high-volatility trading is not for everyone. It requires vigilance and planning. You can't be passive, but you still must be patient at times. Without high risk you cannot earn big rewards, but risk can be controlled if you know how to sell.
We are not in a market where valuations matter, but stories do.
Watch CNBC tonight and you'll probably see the "Fast Money" Pony Tail guy say buy TSLA for the dream even though it loses money. Pony Tail guy is now the most important thought leader on CNBC today displacing Steve LIESman who used to deliver leaks about coming QE programs.
Every bull market cycle ruins a once popular bear for good That is what has happened now to Marc Faber as both CNBC, Bloomberg, and Fox Business have declared that they will not put him on the air again after his remarks last week about whites and blacks. But is that also an opportunity to kick him when he is down? The Wall Street Journal quoted someone from Bloomberg as claiming that he has "waning market influence." At the same time each bull market cycle as it reaches fruition causes a group of bubble bulls to grow in such popularity that they become thought leaders of the markets. This was the case with Jim Cramer in 2007 and Mary Meeker and Henry Blodget in 1999 and with today's Fast Money boys. But it's a lot of hype stocks then and now.
The thing is ...back in 1999 there were stocks that were dormant that would become internet stocks and soar. Books-A-Million in Thanksgiving week of 1999 said it was launching a website and saw it's stock price triple in a few days. Two years ago it sold itself for $21 million, which was a fraction of the market cap it achieved in November of 1999. Will RIOT stock go up again? I'm not sure and that's why I am not buying it today. But if it can digest these gains by consolidating for a few more weeks it can then get in a position to go up again with a good entry point.
I'm going to see if it can do it - that's what watch lists are for. (...AND SPECULATION LISTS...)
If it does, this may become my Christmas Bitcoin block chain play - it's something for a trade and not an investment.
We'll see what happens. Mike Swanson HIS NEWS LETTER IS FREE... http://wallstreetwindow.com/beta/optionsincomereport.htm?utm_source=barchart
Most investors are steady, careful people who seek out the best possible advice before they act. They spend a lot of time trying to understand the investment environment, and have a good sense of the risks associated with any given trade.
Then there are the gamblers. Most of them are also pretty clear about the risks associated with their decisions. Like any good gambler, they take risks — calculated risks.
Then there are the desperate. They are driven by a sense of panic … by the need to make a big score, perhaps to make up for years of financial neglect.
(https://banyanhill.com/dont-get-burned-cryptocurrencies/)
//////////////////////////////////////////////////////////////////////////////// That should be more than enough BitCoin BlockChain information ////////////////////////////////////////////////////////////////////////
//////////////////////////////////////////////////////////////////////////// on to better things than Crypto and Blockchain..../////////////////////////////////////////////////////////////////////////////////////////////////////////
Proof-of-Stake Algorithms and Proof-of-Work Just when you thought you understood BlockChain and Crypto mining.
Minex and Solaris are part of a new breed of exotic coins that use proof-of-stake algorithms to facilitate transactions and take over the work normally performed by miners (computer servers). I should explain: how are these tokens different from more familiar digital coins like Bitcoin and Ethereum? But before trying to even understand the mechanics of proof-of-stake, you need to understand proof-of work and how digital coins are minted (mined) and how transactions are facilitated. "Mining" is the process of spending computing power to process transactions, secure the network, and keeps everyone in the system synchronized together.
Proof-of-work is fancy way of saying that miner(s) need to solve a mathematical puzzle before they are allowed to process a transaction (and get some digital cash as a reward). Proof-of-work incentives miners (computer servers) to join the network, thereby making the network more secure and allow transactions to be processed on time. If there is not enough computing power on the network, transactions can get backlogged (like what happened to Bitcoin in December 2018).
If you want a more detailed explanation of what mining actually involves you can read my article on it here.
Proof-of-Stake does away with the miners and instead hands out rewards to users who have a "stake" in the network. Here is how it works (roughly):
You buy a X number of coins that is mandated by the coin network.
This allows you to register a "stake" or a "masternode" with the network.
Along with the masternode, you need to buy or rent a server. This server is now eligible to process transactions and do other housekeeping duties on the network. Multiple examples of different types of masternodes are written up here.
Your masternode entitles the owners to receive payouts or a "dividend" from the network for processing transactions.
I have written about proof-of-stake coins before, in this article. However, that article focussed on tokens with large market caps like NEM and NEO and Ethereum (which is currently proof-of-work but is migrating to proof-of-stake). ...The New Currency Frontier
Blockchain is a decentralized, digitally disseminated ledger of data. The basis of a successful blockchain system is once a new group of information, or “block”, is added, the information automatically disseminates and is downloaded to each computer on the network. This assures that if one computer tried to change information on a block, the consensus of all the other computers’ blocks would triumph. This process renders all information on a completed block decentralized and theoretically permanent.
A cryptocurrency is a digital currency typically utilizing a Blockchain system for transaction records and cryptography for security. The major differentiator from physical currency is it isn’t issued by a central authority and thus theoretically acts independently of traditional banking and government influence.
05/21/2018 Bitcoin and cryptocurrencies introduced by a community of entrepreneurs who as Shiller put it, "hold themselves above national governments, which are viewed as the drivers of a long train of inequality and war."
October 2017, UBS wrote that blockchain was “akin to investing in the internet in the mid-nineties,” estimating the technology could add as much as $300 billion to $400 billion of annual economic value globally by 2027. Blockchain “is likely to have a significant impact in industries ranging from finance to manufacturing, health care and utilities,” among other market sectors, the bank wrote.
***I don't encourage trading cryptos currencies at this time... Feb. 2018
Kings and nation states know the real golden rule: Control the money and you control the world. And so it’s gone for thousands and thousands of years. The very first emperor of China, Qin Shi Huang (260–210 BC), abolished all other forms of local currency and introduced a uniform copper coin. That’s been the blueprint ever since. Eradicate alternative coins, create one coin to rule them all and use brutality and blood to keep that power at all costs. In the end, every system is vulnerable to violence.
Well, almost every one.
The Hydra In decentralized systems, there is no head of the snake. Decentralized systems are a hydra. Cut off one head and two more pop-in to take its place.
As Bitcoin rises in value, the hunt for Satoshi will only intensify. He controls at least a million coins that have never moved from his original wallets. If VC Chris Dixon is right and Bitcoin rocket to $100,000 a coin, those million coins will shoot up to $100 billion. If it goes even higher, say a $1 million a coin, that would make him the world’s first trillionaire. And that will only bring the hammer down harder and faster on him. You can be 100% sure that black ops units would be gunning for him around the clock. Wherever he is, my advice to Satoshi is this: Stay anonymous until your death bed.
Resistance to censorship and violence are only one of a number of incredible features of Bitcoin. Many of those key components are already at work in a number of other cryptocurrencies and decentralized app projects, most notably blockchains.
Blockchains are distributed ledgers, the third entry in the world’s first triple-entry accounting system. And breakthroughs in accounting have always presaged a massive uptick in human complexity and economic growth, as I laid out in my article Why Everyone Missed the Most Important Invention in the Last 500 Years. But even triple-entry accounting, decentralization and resistance to the violence hack are not the true power of cryptocurrencies. Those are merely the mechanisms of the system, the way it survives and thrives, bringing new capabilities to the human race. The ultimate feature is one that Bitcoin and current cryptocurrencies have only hinted at so far, a latent feature. The true power of cryptocurrencies is the power to print and distribute money without a central power. Maybe that seems obvious, but I assure you, it’s not. Especially the second part. That power has always rested with the divine right of kings and nation-states. Until now.
Now that right returns to its rightful owners: The people. And that will blow open the doors of world commerce, sowing the seeds for Star Trek like abundance economics, leaving the Old World Order of pure scarcity economics in the pages of history books.
There’s just one problem. Nobody has created the cryptocurrency we actually need just yet. You see, Satoshi understood the first part of the maxim, the power to print money. What he missed was the power to distribute that money. The second part is actually the most crucial part of the puzzle. Missing it created a critical flaw in the Bitcoin ecosystem. Instead of distributing the money far and wide, it traded central bankers for an un-elected group of miners. These miners play havoc with the system, holding back much needed software upgrades like SegWit for years and threatening pointless hard forks in order to drive down the price with FUD and scoop up more coins at a depressed price.
But what if there was a different way? What if you could design a system that would completely alter the economic landscape of the world forever?
The key is how you distribute the money at the moment of creation. And the first group to recognize this opportunity and put it into action will change the world.
To understand why you have to look at how money is created and pushed out into the system today.
The Great Pyramid Today, money starts at the top and flows down to everyone else. Think of it as a pyramid. In fact, we have a famous pyramid, with a third eye, on the dollar itself.
Think of economics as a game. Everyone in the system is a player, looking to maximize their advantage and the advantage of their team (a company, their family and friends, etc.) to get more of the money. But to start the game you need to initially distribute the money or nobody can play. Distributing money sets the playing field. Now if you were in charge of the money, how would you distribute it to the network? You’d want to keep as much of it for yourself as possible, so you’d set the rules to maximize your own personal advantage. Of course you would! That’s what anyone in their right mind would do, maximize their own power to keep it for as long as possible.
As Naval Ravikant said in his epic series of tweets on blockchain, today’s networks are run by “kings, corporations, aristocracies, and mobs.” “And the Rulers of these networks [are] the most powerful people in society.” That’s why every single system in the history of the world has distributed the money in one way: From the top down. Because it maximizes the advantage of the kings and mobs at the top. Unfortunately, that means most of the money never really leaves the top. It stays right there, as wasted and frozen potential that’s never realized. There is little to no incentive for the money to move. Since money is power, hoarding it is literally hoarding more power and nobody would willingly give up that power. In other words, the game is rigged.
What we need is a way to reset the game. Up until now, our prospects looked very dim. For example, we could pass a law, like a Universal Basic Income (UBI). That would give everyone a stream of money, pushing it out across the entire playing field and giving more people a chance to participate in the system. If more people can participate, we unlock all kinds of hidden and untapped value. The problem with all of the plans before now, from UBI to socialism (high taxes on the rich to spread the wealth across the game) is that to redistribute the money after it’s already been distributed is nearly impossible. The people with that money rightfully resist its redistribution. And as Margret Thatcher said “The trouble with Socialism is that eventually you run out of other people’s money.” But what if the money is NOT already distributed? What if we don’t have to take it from anyone at all? The inevitable outcome of all fractional reserve lending booms is bust.
That’s the missed opportunity of all of today’s cryptocurrencies. Cryptocurrencies are creating new money. And unlike credit markets, which only pretend to expand the money supply, by lending it out 10x with fractional reserve lending, cryptocurrencies are literally printing money. And they aren’t loaning it to people, they’re giving it to them for their service to the network. It’s like microloans, without the loans. As Naval said: “Society gives you money for giving society what it wants, blockchains give you coins for giving the network what it wants.” So instead of giving all the money to a small group of miners, what if we could do better? A lot better? We can.
I outlined one way in the an article about the Cicada project, How We Deliver a Universal Basic Income Right Now and Save Ourselves from the Robots. The Cicada design flips the idea of mining on its head. Everyone on the network is a miner and nobody can have more than one miner.
Miners are drafted randomly to keep the network running smoothly. You might be walking along, getting coffee and your phone gets called on to secure the network for a few minutes. After that it goes right back to sleep. As a reward, you might win new coins for doing nothing but having the application on your phone. Simple right? Because everyone is eventually drafted, everyone gets paid, in essence creating a UBI right now. And that’s just one way.
If you think about it you can come up with dozens. Oh and don’t get caught up with thinking the only way to do this is with an ID. Lots of ways to randomly draft miners without that too. The key is to free your mind of the “Satoshi box” and think different.
What we really need is to completely gamify the delivery of money, distributing it far and wide at the moment of creation.
Money is a Game. Embrace it. Give it out as rewards for using apps, or as distributed mining fees, or as shared cuts of the mining fees to organizations that provide value to the network are just a few more ways to do it right. Those are just the tip of the iceberg. There are thousands of ways but we just haven’t been thinking about the problem the right way. In other words, we missed the real power of Satoshi’s creation: the distribution of money.
The first system that truly gamifies the delivery of money will rocket to exponential growth, upending the current system for good. That will set the initial playing field dynamically and allow players who never would have gotten into the game to compete. The more people who can participate, the more efficient and valuable the network becomes. “Networks have “network effects.” Adding a new participant increases the value of the network for all existing participants.” Right now, we’re not adding new participants fast enough to the cryptonets of tomorrow. The system is still vulnerable to the violence hack. Gamified money is the answer to exponential growth. If the system can grow large enough, fast enough, it will become an unstoppable juggernaut, and the rest of the economic universe will need to come over to the new playing field. Once the Amazons and Google’s of the world join the playing field, their self-preservation instinct will kick in and they’ll want to protect and expand it. And this new network will behave differently. Instead of rewarding just the people at the top, who’ve been rigging the rules in their favor since the beginning of time, the game will completely reset with a new set of rules. What’s best for the whole network, not just the few players at the top, is best.
“Blockchains are a new invention that allows meritorious participants in an open network to govern without a ruler and without money. They are merit-based, tamper-proof, open, voting systems. The meritorious are those who work to advance the network. Blockchains’ open and merit based markets can replace networks previously run by kings, corporations, aristocracies, and mobs.” Those that join the network and help it grow will thrive and flourish with it. It will amplify their own value, making it grow faster than at any point in history. Every ounce they give to the system will magnify their own rewards. By contrast, economies that stand against the network, attempting to cripple it with arbitrary rules, will pay a heavy price. The system will stretch across the globe and only the most essential rules will take root, because in order to upgrade a distributed system, you need vast consensus across the network. Since people can generally only agree on big, essential solutions, no self-defeating, narrow-minded rules will be allowed. Let’s say that a country decides to restrict ICOs to their citizens altogether or make cryptocurrencies illegal. Instead of killing the network, the rules will blow back on their creators. Only their own people will suffer, as they won’t be able to participate in the explosion of new potential that ICOs bring to the table, draining money out of the economy into rival economies. Even worse, if they make cryptos illegal, they’ll simply drive that money underground, which will keep them from getting tax from their citizens, which will starve them of revenue. As the system spreads it will put people back in control of their own financial power. No one will be able to take your money from you. And that is a good thing. Of course, not everyone thinks so. Some folks always worry that people will do bad things with this power, like commit crimes. But people will always do bad things. They do those things now and they always have. Crippling the system for everyone just to get those people is the height of insanity. It has never worked and it never will. Still, some people will never believe that. They trust their central powers unquestioningly. All you have to do is wrap up your argument in “protecting the children” or “fighting terrorism” and you can generally fool half of the people half of the time about any terrible policy you want. Yet I’ve found that people who see central systems as the answer to everything have usually lived in a stable central system for their whole lives. A few days in an unstable system would change their minds very quickly. Don’t believe me? Imagine you lived in Syria right now. Your central infrastructure is destroyed, as is your money. You don’t want the war, but there’s nothing you can do about it. Now your house is gone, your friends and family are dead, your banks are bombed out and you’re cast out, adrift, homeless and penniless. Even worse, nobody wants you. The world has shifted from open borders to building walls everywhere. You’re not welcome anywhere, you can’t stay where you are and you’re broke.
But what if your money was still there, recorded on the blockchain, waiting for you to download and restore a deterministic wallet and give it the right passphrase to restore it?How much easier would it be to start your life over? Cryptocurrencies finally offer a way for us to control our own destiny. For the very first time in the history of the world, we have a way to generate and distribute money without a central power. People will have control over the money they rightfully earned. And even better, instead of setting the playing field so the game is always rigged, we can set the game up the way it was always meant to be played, with open competition and flexible rules in a dynamic system that allows everyone to compete. But we need to think big. We need to find a way to distribute the money far and wide without taking it from everyone else. Do that and we change the game forever. That’s what my team is working on. Want to talk? Find us in DecStack.com. Centralized money is the ultimate chain.Cut that chain and you free the world. July 31, 2017 https://hackernoon.com/why-everyone-missed-the-most-mind-blowing-feature-of-cryptocurrency-860c3f25f1fb
Clif High - The Top 10 Crypto For 201803/29/18 BitCoin down around 65% WHY ???
Fears of increased regulation in several key Asian markets—including China and South Korea. The move comes amid reports that three cryptocurrency exchanges were raided in South Korea this week over suspicions staff embezzled funds from customer accounts. In addition, the Philippines Securities and Exchange Commission has just issued a warning over a cryptocurrency investment platform it claims has been offering unregistered securities.
Ban of cryptocurrency ads, Twitter, Facebook, and Alphabet's (GOOGL) Google.
European Banking Authority had previously noted there are "particular money laundering and terrorist financing risks associated with innovative payment products and services."
Mar. 28, 2018 Despite market wobbles, Barhydt is confident that prices will recover later this year as institutional investors such as hedge funds and asset managers begin to dip their toes into crypto. Speaking to Business Insider this week during a trip to Europe, Barhydt pointed out that some Japanese financial institutions began investing in crypto at the end of last year and that was partially behind the price rally at the time.
"There really is zero large-scale institutional money from the west in crypto right now," Barhydt said. "That is happening in Japan. Once a arge sizable chunk of Western institutional money starts to come in — watch out.
"Institutional interest is now starting to grow regardless of the Google trends." Barhydt said institutional investment in assets like bitcoin or ethereum will create a "halo effect" for the wider crypto market and he said: "That's going to happen this year I think."
Regulators around the world have been moving to crack down on cryptocurrency markets, which have been plagued by scams and hacks. The US Securities and Exchange Commission has in recent weeks reportedly begun looking at hedge funds that have invested in cryptocurrencies. Barhydt is unphased by this and believes regulation will actually help encourage institutional investors. "We're getting closer and closer to real clarity in the West that it's OK putting half a percent of your assets into crypto," he said. While half a percent is a tiny amount of exposure for big investment firms, it could still work out at hundreds of millions of dollars, which would be a huge boost to crypto markets, Barhydt said. http://www.businessinsider.com/abra-ceo-bill-barhydt-institutional-investors-crypto-price-2018-3?utm_source=markets&utm_medium=ingest&r=UK&IR=T
https://www.heisenbergcap.com/dyor
