Aug 112017
 
The silly season continues. Speculators are piling into the cryptocurrency space in the hopes of–sometimes very literally–making money fast. As I write this Ethereum’s value has halved since June but is still 20x since January. Litecoin is up 12x since then. Even Bitcoin has tripled, again. It seems like everyone now has an opinion on, and a position in, cryptocurrencies. View image on Twitter    Follow Adam Ludwin @adamludwin http://Coinmarketcap.com  is now more popular than http://WSJ.com      And hey, if you want to speculate, and casinos seem too sedate and controlled to you, then more power to you, jump right in. But for those of us who are interested in the technology, not the money — who think that blockchains are primarily interesting because, unlike most modern technology, they decentralize power — so far this has actually been a mostly disheartening year. This has been the year of the ICO, in which an astonishing amount of money has been raised by the issuance of new cryptocurrencies in exchange for existing ones, the value of which is then inevitably measured in… US dollars, which says something. Tezos, which is basically “a more flexible Ethereum” (just as Ethereum was, to vastly oversimplify, “a more flexible Bitcoin”) raised ~$230 million. Bancor, which “enables anyone to create a new type of cryptocurrency,” raised ~$150 million. Status, “an open source messaging platform and mobile browser to interact with decentralized applications that run on the Ethereum Network,” raised $95 million. TenX, “Making Cryptocurrencies Spendable Anytime Anywhere,” raised ~$80 million. Do you notice anything that these massive fundraises have in common? That’s right; they’re projects which benefit cryptocurrencies which manipulate and/or hope to supersede other cryptocurrencies. Much, if not most, of the big-money high-profile ICOs this year have been self-referential Crypto Inception. They’re built on the (often unquestioned) assumption that decentralized blockchain apps will be widespread and enormously valuable, and therefore, blockchain tooling and infrastructure will be as well. That implicit assumption sounds nice; it even sounds plausible, if you squint the right way and accept a few uncomfortable assumptions; but — uh — tooling and infrastructure for what, exactly? Bitcoin has fought its way into a valuable and important niche as a widely recognized, fairly widely used, decentralized currency and alternative to gold, which is remarkable… although as pointed out by Adam Back, CEO of Blockstream, crypto OG, and generally extremely perspicacious guy, the rise of other cryptocurrencies is arguably a threat to the whole notion of blockchains-as-currency. When (more…)
Jul 252017
 
7 Cryptocurrency Predictions From the Experts Crypto currency is here to stay. The Bitcoin purpose is established but stagnate, its application for commercial transactions is limited right now. GreenFire is devloping on the blockchain for industrial and commercial uses. GreenFire uses the blockchain, I.E. and Ethereum, on the other hand, have absolutely fascinating infrastructure application capabilities. No one can say how many tokens and coins and blockchain protocols will eventually win out, but the experts seem to think there’s room for a multitude.  Many say there is yet an unknown coin to be implemented that will be universal on and to most blockchains. As you can see, blockchain development is very dynamic. With the blockchain evolving and maturing at the speed of light it is vulnerable to all of the whims of the power elite whose basic premise in life is control. For the next while anyone using crypto is vulnerable to the same whims. Here is a tip: In doing crypto transactions, it's best to follow he “know your customer” laws. They should be obeyed until the rules are agreed upon, it’s “best to be transparent” about what one is doing. Full Article; http://fortune.com/2017/07/25/bitcoin-ethereum-cryptocurrency-predictions/ Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Jul 052017
 
Central Bank of China In Brief China's central bank has developed its own cryptocurrency, which is now being tested. Cryptocurrencies have the potential to not only benefit China, but the rest of the world, due to their basis in blockchain. Benefits of Digital Currency China’s central bank — the People’s Bank of China — has developed a prototype of a cryptocurrency that it could end up in circulation in the near future. It would be introduced alongside the China’s primary currency the renminbi (also called the yuan). China will be simulating possible scenarios and running mock transactions using the cryptocurrency with some commercial Chinese banks.  Click to View Full Infographic The potential benefits of developing a digital currency are significant, particularly in China. First, it would decrease the cost of transactions, and therefore make financial services more accessible, which would be a big help to the millions of people in the country who are unconnected to conventional banks. Second, as it would be supported by blockchain, it has the potential to decrease the rates of fraud and counterfeiting, which would be of service to the government’s attempts to reduce corruption — a key concern. Third, it would make the currency easier to obtain, which would increase the rate of international transactions, allowing for more trades and faster economic growth. The Rise of Cryptocurrencies Since Bitcoin’s humble beginnings back in 2009 (when it was only valued at around 0.0007 USD) the digital currency, and the very idea of cryptocurrencies in fact, has grown monumentally. The total market cap of cryptocurrencies on April 1st of this year was over $25 Billion. A single Bitcoin is now worth more than $2,500. Now many national economies, as China’s plan shows, are considering the idea of developing their own variant. Although China’s experimental approach to simulate a self-developed cryptocurrency’s usage is the first of its kind, other countries and institutions have made strides in that direction as well. The Deputy of Russia’s central bank has emphatically stated that “regulators of all countries agree that it’s time to develop national cryptocurrencies.” Over 260,000 stores in Japan will begin accepting Bitcoin as legal tender this summer, and big banks like Santander have announced plans to develop their own version. Cryptocurrencies have the potential of revolutionizing not only the business world, but many methods of transaction. There has already been talk of using cryptocurrencies to administer Universal Basic Incomes due to their traceability, as well as for the delivery of human aid; the potential for which was demonstrated by a (more…)
Jun 172017
 
Bancor initial coin offering raises over $200 million in three hours to become the largest crowdfunded project ever DOMINIC POWELL / Friday, June 16, 2017 A demo of the Bancor protocol. Source: Bancor.network A new blockchain startup built on the Ethereum platform has become one of the highest funded crowdfunding projects ever, raising approximately $US153 million ($201 million) through an initial coin offering (ICO) in just three hours earlier this week. The startup is called Bancor, and it offers a platform aimed at making it easier for other startups and users to launch, manage, and trade their own forms of blockchain currency, known as “tokens”. These tokens are managed through the Ethereum network’s “smart contracts”, which enable self-executing contracts enforced and recorded on the blockchain. Combining these two features, the Bancor protocol offers “smart tokens”, which enable “any party to instantly purchase or liquidate the smart token in exchange for any of its reserve tokens, directly through the smart token’s contract, at a continuously calculated price, according to a formula which balances buy and sell volumes”. The ICO was intended to run for an hour, reports Coindesk, with a funding target of 250,000 ether (the main currency of the Ethereum blockchain), or around $US95 million. Due to alleged difficulties with the network, including supposed delayed transactions, the campaign was extended an additional two hours, resulting in a total of 396,720 ether or approximately $US153 million being raised. Over 10,000 investors got on board with the ICO, with Coindesk reporting the largest single purchase was $US27 million, equalling 6.9 million BNT, the token used by the Bancor protocol to fuel its new platform. This was enough to shoot Bancor into the number one spot of highest funded crowdfunds, and continues the recent initial coin offering craze, with blockchain startup Brave raising $US35 million in 30 seconds via a recent ICO. However, due to the transitory value of cryptocurrencies such as Ethereum, the true amount raised by these startups is ever-changing. With the value of ether increasing over 2800% this year alone, a $US153 million raise could be $50 million more, or less, in a matter of days. The Ethereum protocol is proving to be a popular platform for successful crowdfunds, with seven of the top 10 crowdfunding projects having been based on the platform, including the crowdfund for the platform itself. Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Mar 092017
 
Lock in your free spot ! This is urgent. I just got in minutes ago…. There is only 16 days until launch. You should have this in your cryptoeconomy portfolio. –> This is the GreeFire DAO Ads Cash referral link. (no tracking) (Lock in Your Spot at ZERO Cost) This New Crypto Currency System builds your downline on autopilot. The Best Part Just For Creating Your FREE Account you will get 100 Free Ads Cash Coins . Ads Cash Is World’s First Ethereum Block Chain Based Crypto Currency For Online Advertising World that is expected to hit $10 per coin in next 12 months from its current launch price of 2.5 cents … Hence having Free 100 Ads Cash Coins Is Like Having $1000 In The Bank…. –>> Click Here To Create your 100 % FREE Account Now ! Thank You Mike Prettyman – Member GreenFire DAO Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Dec 212016
 
Cash Is No Longer King: The Phasing Out of Physical Money Has Begun (ANTIMEDIA) – As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central banks. The war on cash isn’t going to be waged overnight, and showdowns will continue in any country where citizens turn to alternatives like precious metals or decentralized cryptocurrencies. Although this transition may feel like a natural progression into the digital age, the real motivation to go cashless is downright sinister. The unprecedented collusion between governments and central banks that occurred in 2008 led to bailouts, zero percent interest rates and quantitative easing on a scale never before seen in history. Those decisions, which were made under duress and in closed-door meetings, set the stage for this inevitable demise of paper money. Sacrificing the stability of national currencies has been used as a way prop up failing private institutions around the globe. By kicking the can down the road yet another time, bureaucrats and bankers sealed the fate of the financial system as we know it. A currency war has been declared, ensuring that the U.S. dollar, Euro, Yen and many other state currencies are linked in a suicide pact. Printing money and endlessly expanding debt are policies that will erode the underlying value of every dollar in people’s wallets, as well as digital funds in their bank accounts. This new war operates in the shadows of the public’s ignorance, slowly undermining social and economic stability through inflation and other consequences of central control. As the Federal Reserve leads the rest of the world’s central banks down the rabbit hole, the vortex it’s creating will affect everyone in the globalized economy. Peter Schiff, president of Euro-Pacific Capital, has written several books on the state of the financial system. His focus is on the long-term consequences of years of government and central bank manipulation of fiat currencies: “Never in the course of history has a country’s economy failed because its currency was too strong…The view that a weak currency is desirable is so absurd that it could only have been devised to serve the political agenda of those engineering the descent. And while I don’t blame (more…)
Dec 122016
 
Take Cryptocurrency As Payment On WP Site Free multi-cryptocurrency accounts with instant exchange There are WordPress plugins that are gateways to the Cryptonator exchange. The GoURL series on WordPress.org or the website (https://gourl.io). I have been using these for about 8 months and have had no problems. Cryptonator is an all-in-one online Bitcoin wallet which supports multiple cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE) and others. It enables fast and easy direct transactions and allows instant exchange between different cryptocurrencies in one personal account. Combining usability with high level privacy , anonymity and security, Cryptonator offers free multi-cryptocurrency accounts, which are accessible 24/7 worldwide on your laptop, desktop or mobile devices alike. Cryptonator lets customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it to your bank account. Or just leave your received cryptocurrency payments on your Cryptonator account for future use. It`s up to you! Sign up for a free account https://www.cryptonator.com/auth/signup/101069939 Due Diligence http://www.scamidentifier.com/review/cryptonator.com/ Mike Prettyman, Chief Information Officer at Green Fire Engineered Reclamation For more information come to the website Children of the Landfill Project Green Fire Engineered Reclamation Join our active groups on Markethive Children of the Landfill Green Fire Engineered Reclamation   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Nov 162016
 
 Author Jacob Timp The United States House of Representatives has passed a nonbinding resolution calling for an adoption of “a national policy for technology to promote consumers' access to financial tools and online commerce to promote economic growth and consumer empowerment.” Why The Accelerated Interest? We have seen relatively little developments in the space of federal regulation on the Blockchain technology and digital currencies. A non-profit called Coin Center reached out to United States representatives communicating their concerns on the developing bill. The letters on issue are available on their website. In July, the declaration was introduced which calls the United State government to develop an updated domestic policy related to technology, specifically referencing cryptocurrencies and Blockchain technology. The bill was introduced by United States Congressman Adam Kinzinger of Illinois and is sponsored by Congressman Tony Cardenas of California. Following statements from supporters, the resolution passed by a verbal vote earlier this week. The resolution is non-binding, which may be considered a half-measure, is a rather significant leap forward from Congress for the discussion on Blockchain and cryptocurrencies. The opening remarks on the bill stated: “The House of Representatives that the United States should adopt a national policy for technology to promote consumers’ access to financial tools and online commerce to promote economic growth and consumer empowerment.” The resolution occurred months after the United States House Committee on Energy and Commerce debated the technology. Notes from supporters on the floor demonstrated a very real interest in the issue among the House members. Congressman Michael Burgess of Texas, stated at the hearing: "There’s no doubt that Blockchain innovations are on the cutting edge today." What’s Next? We will see what the next step is for congress and whether or not they will pursue a more substantial bill development for digital currencies and the Blockchain technology. The next session will meet after November's United States elections. The non-leaning characteristics of the current resolution suggests that a new and updated bill may be released by Congress in the time following. Mike Prettyman, Chief Information Officer at Green Fire Engineered Reclamation For more information come to the website Children of the Landfill Project Green Fire Engineered Reclamation Join our active groups on Markethive Children of the Landfill Green Fire Engineered Reclamation Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Feb 082016
 
The future of money is cryptocurrency. We finally reach really incredible stage in the digital universe for ten or fifteen years we were awaiting the arrival of a truly cohesive electronic money and crypto currency the modern-day blockchain based bitcoins star concept has finally broken through. We are starting a cryptofunding campaign to fund the Green Fire Project. There are seven currencies listed in the sidebar that being used for this purpose.  I will present each one individually. Each video has instructions about where to get your wallet and how to set it up. Introductions to the different cryptocurrency exchanges for exchanging and purchasing the currency will be detailed and linked. The donation pages will be announced in the next few days. This video will explain.     Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Feb 082016
 
The future of money is cryptocurrency. We finally reach really incredible stage in the digital universe for ten or fifteen years we were awaiting the arrival of a truly cohesive electronic money and crypto currency the modern-day blockchain based bitcoins star concept has finally broken through. We are starting a cryptofunding campaign to fund the Green Fire Project. There are seven currencies listed in the sidebar that being used for this purpose.  I will present each one individually. Each video has instructions about where to get your wallet and how to set it up. Introductions to the different cryptocurrency exchanges for exchanging and purchasing the currency will be detailed and linked. The donation pages will be announced in the next few days. This video will explain.     Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)