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…)
Dec 162015
 
The Cryptoconomy Cryptocommerce and Cryptofunding Expanding the implementation of my cryptocommerce pursuits, I now have 2 sites started. One, as I have said in the last article, is an cryptocommerce WP website for retail. The other is a crytpofunding WP site for a worthy project. Setting the crypto donation system up has become rather interesting process. The site, the “crypto” payment gateway, they all come together rather normally. The crowd funding campaign, using cryptocurrencies to fund, has a different kind of aura about it. It developed while I was creating my own unique currency basket. Think about the opportunity an entrepreneur has with the ability to create a unique personal or business alternative means of business exchange. Setting up the wallets takes time. I have, in my business exchange, 7 wallets for 7 cryptocurrencies; Bitcoin, Litecoin, Dogecoin, Dash, Reddcoin, Paycoin, Peercoin. Each of them has a little different personality, some are focused on trade, some social and some just as a currency of value. These icons are linked to the home site of each. Establishing your “basket of currencies” should be a careful process. Do you Due Diligence. Know your exchange. The wallets take time to established. I follow a simple rule when asked if I take a different cryptocurrency than I have listed. My answer has become, I do if it is listed on an established cryptocurrency exchange. I like Cryptonator, Take a look here: https://www.cryptonator.com/ For Cryptocommerce payment gateway I am using GoUrl plugins for WordPress. GoUrl is the only cryptocurrency payment gateway that I found and was comfortable with managing. GoUrl.io is an automated payment processing system for the bitcoin, dogecoin, litecoin, reddcoin, feathercoin, vertcoin, potcoin, vericoin, darkcoin, speedcoin currencies. It enables online merchants to accept cryptocoins, as a form of payment, just as easily they accept payments from credit cards, debit cards, or Paypal. This is the official website: Gourl.io I am using the Woocommerce shopping cart on my cryptocommerce site with GoUrl as the payment gateway. For the cryptofunding site I am using the GoUrl Bitcoin Paypal Donations – Give Addon plugin for WP. Bitcoin/Altcoin & Paypal Donations on Your Website. Provides a Bitcoin Payment Gateway for Give 0.8+ – wordpress donation plugin. Easy to Use! It is easy to use but only when you have a donation campaign designed. It is flexible enough to fit almost any campaign. The campaign dictates elements that have (more…)
Dec 042015
 
from the anonymous-sources-say dept In the wake of the tragic events in Paris last week encryption has continued to be a useful bogeyman for those with a voracious appetite for surveillance expansion. Like clockwork, numerous reports were quickly circulated suggesting that the terrorists used incredibly sophisticated encryption techniques, despite no evidence by investigators that this was the case. These reports varied in the amount of hallucination involved, the New York Times even having to pull one such report offline. Other claims the attackers had used encrypted Playstation 4 communications also wound up being bunk.  Yet, pushed by their sources in the government, the media quickly became a sound wall of noise suggesting that encryption was hampering the government's ability to stop these kinds of attacks. NBC was particularly breathless this week over the idea that ISIS was now running a 24 hour help desk aimed at helping its less technically proficient members understand encryption (even cults help each other use technology, who knew?). All of the reports had one central, underlying drum beat implication: Edward Snowden and encryption have made us less safe, and if you disagree the blood is on your hands.  Yet, amazingly enough, as actual investigative details emerge, it appears that most of the communications between the attackers was conducted via unencrypted vanilla SMS: "…News emerging from Paris — as well as evidence from a Belgian ISIS raid in January — suggests that the ISIS terror networks involved were communicating in the clear, and that the data on their smartphones was not encrypted.  European media outlets are reporting that the location of a raid conducted on a suspected safe house Wednesday morning was extracted from a cellphone, apparently belonging to one of the attackers, found in the trash outside the Bataclan concert hall massacre. Le Monde reported that investigators were able to access the data on the phone, including a detailed map of the concert hall and an SMS messaging saying “we’re off; we’re starting.” Police were also able to trace the phone’s movements. The reports note that Abdelhamid Abaaoud, the "mastermind" of both the Paris attacks and a thwarted Belgium attack ten months ago, failed to use any encryption whatsoever (read: existing capabilities stopped the Belgium attacks and could have stopped the Paris attacks, but didn't). That's of course not to say batshit religious cults like ISIS don't use encryption, and won't do so going forward. Everybody uses encryption. But the point remains that to use a tragedy to (more…)
Nov 112015
 
  A peculiar feature of Cryptocurrency — and a reason why so many people have a hard time wrapping their brains around it – is that it is both a payment system and an emerging monetary system. Those two systems are usually separate. The payment aspects of Cryptocurrency is the financial backbone of the cryptoconomy. Cryptocurrency is uniquely suited to a digital age. Real property is exchanged, not just a promise to pay, and it is done person to person, without having to go through banks and large institutions. This is crucial for ending the plague of identity theft, forgeries and online fraud. When you really think about this you'll come to understand what a profound change this really is. The payment dimension might not seem that important in the United States, but when you broaden the perspective to global commerce, you can easily see it. There are huge swaths of the planet in which you cannot use credit cards at all. Even now, if you try to buy something on Amazon with a home address in one country and a delivery address in another, your transaction is likely to be refused. The anti-fraud measures have been necessary, but they have frustrated the development of the global marketplace. It was at this point that it finally struck me. This is not a currency only for the rich tech world; it is a currency for the world’s poor, who are desperately trying to become part of the global division of labor. It allows anyone from anywhere to buy or sell anything securely, privately, and reliably. It suddenly started making sense to me why Cryptocurrency is so wildly popular in Africa, Latin America, and the outer reaches of the Russian empire. But even domestically, it is clear that this market is expanding. As of only a few weeks ago, you could pay for anything at hundreds of mainstream merchants with Cryptocurrency. One example is BitPay uses a smartphone application called Gyft. You buy a gift card from Gyft with Cryptocurrency and the merchant scans the card. The operation takes under a minute. I have been watching this happening, it’s fascinating. It was only a few months ago that people were saying, “Oh, this stuff can’t really be money because I can’t spend it at Target.” Well, now you can. Where are these doubters now? Are they taking back their previous rebuff? The (more…)