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 122017
 
Steven Heap/123RF By Will Nicol — Posted on July 4, 2017 6:30 am If you follow tech or financial news, you’ve probably seen the name “Ethereum” popping up over the last couple years, often in connection with bitcoin. Ethereum is a rising star in the world of cryptocurrencies, entirely digital forms of currency that grew in popularity after the creation of bitcoin by a person or group calling themselves Satoshi Nakamoto in 2009. Demand for Ethereum is so high that it may even be driving up the price of graphics cards, as miners try to generate as much currency as they can. What is Ethereum exactly, and what does it mean for the future of cryptocurrency (and maybe society)? Here’s the rundown. To start — what is a cryptocurrency? People often refer to Ethereum as a cryptocurrency, but that isn’t precisely true. It is a platform that allows individuals to conduct transactions and draw up contracts, using a currency called “ether.” To understand what distinguishes Ethereum from a cryptocurrency like bitcoin, it helps to understand what a cryptocurrency is, as well as the concept of a blockchain. A cryptocurrency is a form of digital currency created through encryption. A cryptocurrency has no physical form — like a banknote or coin — and it is not issued by a central bank or governmental authority. Units of cryptocurrency exist as data on the internet, and are created and managed through something called a blockchain. A blockchain is essentially a digital ledger, shared amongst any number of computers. When transactions occur, they are recorded in blocks; in order for these blocks to go into the ledger, they must be validated by a certain number of computers on the blockchain network. Crucially, the ledger exists, in the same form, for everyone on the network. Anyone can can look at to see a complete history of every transaction that has occurred, and any changes would be visible to everyone. The individuals who validate the transactions — which they do by having their computers solve complex computational problems — are called miners. Mining is a surprisingly intense activity, as our guide explains, that requires powerful hardware and a lot of planning. As a reward for their help in validating blocks, miners are given rewards. This is typically a specific cryptocurrency; Bitcoin miners receive bitcoin, while Ethereum miners receive ether. When you send someone an amount of cryptocurrency, a digital signature is (more…)
Jun 172017
 
By Joshua Althauser https://cointelegraph.com/news/there-will-be-no-bubble-for-bitcoin-and-ethereum-heres-why Tech entrepreneur Mark Cuban has recently stated that Bitcoin is facing a bubble. However, Daniel M. Harrison, the CEO of DMH&CO and managing partner of Monkey Capital, reveals that such a thing is impossible due to the market-influencing capabilities of Bitcoin and Ethereum. Market bipolarity The main factor that makes a digital bubble impossible is market bipolarity. For many people, market bipolarity is confusing but it can be distilled in a few important and understandable viewpoints. Apparently, market bipolarity is directly affected by George Soros’ “theory of reflexivity.” According to George Soros, market conditions are not influenced by equilibrium. Rather, they are “reflexive” due to the synchronization of two functions: cognitive and manipulative function. The cognitive function is a neutral thinking base – this is where economic participants assess facts for what they are. The manipulative function, on the other hand, turns one fact (or a couple of facts) in order to gain an advantage. Once the cognitive mind is affected by the manipulative mind, the neutrality will be “painted” in a different light it becomes a manipulated fact. Therefore, markets reflect the view and perspective of participants, not the full scope of economics. The situation can be represented in two ways: Manipulative Cognitive = Reflexive Manipulative + Cognitive = Equilibrium The aforementioned equations show that a manipulative thinking pattern is the usual baseline and not a cognitive function. This shows the reflexive nature of all markets one of the clear indicators that Bitcoin and Ethereum are far from experiencing a digital bubble. Artificial vs. Natural More importantly, Ethereum and Bitcoin markets are influenced by two thinkers: artificial and natural. Artificial pertains to the Blockchain AI and natural is all about human intervention. Many experts think that Blockchain is adopting an "economic mindset." If markets with manipulative and cognitive participants are suddenly annexed, it will always result in reflexivity or positive feedback loops. In this case, digital markets are bound by reflexivity or states of reflexivity. This is a self-perpetuating situation that can go on for many years. It’s also important to know that artificial thinkers are the “igniters” of self-perpetuating reflexivity. With AI (Blockchain), digital markets will continue to thrive, leading to fluctuating values of Bitcoin and Ethereum. Market bipolarity will always be constant. Through market bipolarity, any episode of a digital bubble is canceled out. The whole Blockchain system will never return to its “roots” but it will continue evolving. Price valuations, on (more…)
Mar 092017
 
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