Is cryptocurrency the future of money?

What will be the future of money? Imagine going to a restaurant and looking at a digital menu board for your favorite combo dish. It is shown as 009 BTC instead of just $ 8.99.

Can crypto really be the future of money? The answer to this question depends on a general consensus on several key decisions, from ease of use to safety and regulations.

Let’s look at both sides of the (digital) coin and compare traditional fiat money to cryptocurrency.

The first and most important component is trust.

It is important that people trust the currency they use. What is the value of the dollar? Is it gold? No, the dollar has not been backed by gold since the 1970s. What is the value of the dollar (or any other Fiat currency)? The currencies of some countries are considered more stable than others. As a result, it is people’s belief that the government that gave the money is behind it and, in essence, guarantees its “value.”

How does trust work with Bitcoin because it is decentralized, not a governing body that issues coins? Bitcoin sits in a blockchain, an online accounting ledger that allows you to see every transaction around the world. Each of these operations is approved by the miners (people working on a computer on a peer-to-peer network) to prevent fraud and ensure double spending. In return for block chain integrity services, miners are paid for each transaction they verify. Since there are countless miners trying to make money, each of them investigates each other’s mistakes. This proof of the workflow is that the blockchain is never hacked. In fact, it is this trust that gives Bitcoin value.

Then let’s look at the security, the closest friend of trust.

What if my bank is robbed or my credit card is fraudulent? My bank deposits are covered by FDIC insurance. My bank is likely to refund all payments I have never made on my card. This does not mean that criminals will not be able to shoot at least nervous and time-consuming stunts. Most likely, the comfort that comes from knowing that I will get rid of any sin committed against me.

There are many options on where to store your cryptocurrency. It is important to know if the transactions are insured to protect you. There are reputable exchanges like Binance and Coinbase that have a proven experience to correct mistakes for their clients. Just as there are fewer reputable banks around the world, there is the same thing in cryptocurrencies.

What if I fire a twenty-dollar bill? The same goes for cryptocurrency. If I lose or exchange my credible documents in a certain digital wallet, I will not be able to gain access to those coins. Again, I can’t stress enough about the importance of working with a reputable company.

The next issue is scaling. At present, this may be the biggest obstacle that prevents people from doing more operations in the blockchain. When it comes to transaction speed, fiat money moves faster than crypto. Visa can handle about 40,000 transactions per second. Under normal conditions, the blockchain can only run for 10 seconds. However, a new protocol is being adopted that will increase it to 60,000 operations per second. Known as the Lightning Network, it could become the future of cryptocurrency.

The conversation would not end without talking about comfort. What do people like about traditional banking and spending methods? For those who prefer cash, it is obviously easy to use most of the time. If you are trying to book a hotel room or a rental car, you will need a credit card. Personally, I use my credit card wherever I go because of my convenience, security and reward.

Did you know that there are companies that provide all this in the crypto space? Monaco now issues Visa logo cards that automatically convert your digital currency into local currency for you.

If you have tried to transfer money to someone, you know that this process can be very tedious and expensive. Blockchain transactions allow a user to send a crypto to anyone in just a few minutes, regardless of where they live. It is also much cheaper and safer than sending money to the bank.

There are other modern methods for money transfers available in both worlds. Take apps like Zelle, Venmo and Messenger Pay, for example. These programs have been used daily for millions of years. Did you know that they also started using cryptocurrencies?

Square Cash’s application now includes Bitcoin, and CEO Jack Dorsey said: “Bitcoin doesn’t stop with buying and selling for us. We believe it’s a transformational technology for our industry and we want to learn as soon as possible.”

“Bitcoin offers an opportunity for more people to enter the financial system,” he said.

While it is clear that Fiat’s costs still dominate the way most of us move money, the emerging crypto system is growing rapidly. Evidence is everywhere. Prior to 2017, it was difficult to find information in the general press. Now, almost every major business news outlet covers Bitcoin. From Forbes to Loyalty, everyone is overwhelmed by their thoughts.

What is my opinion? Perhaps the biggest reason Bitcoin can be successful is that it is fair, inclusive, and gives financial access to more people around the world. Banks and large institutions see this as a threat to their existence. They are at the point where the world’s largest transfer of wealth has been lost.

Still undecided? Ask yourself, “Do people trust governments and banks more or less every day?”

The answer to this question can only determine the future of money.

Good reasons to use Crypto-Currency Bitcoin

Bitcoin is a relatively new type of currency that is just starting to hit major markets.

Critics say the use of Bitcoins is dangerous because –

  • They have no original value

  • They are not regulated

  • These can be used to make illegal transactions

Still, all major market players are talking about Bitcoins. Below are a few good reasons why it is worth using this cryptocurrency.

Fast payments – When payments are made using banks, the transaction takes several days, and money transfers are often time consuming. On the other hand, virtual currency Bitcoin transactions are generally faster.

“Zero confirmation” transactions are instantaneous, where the trader takes the risk, which is not confirmed by the Bitcoin blockchain. If you need the approval of the merchant, the transaction takes 10 minutes. This is faster than any interbank transfer.

Cheap – Credit or debit card transactions are processed immediately, but a fee is required for you to use this privilege. Payments in Bitcoin transactions are generally low and in some cases free.

No one can take it away – Bitcoin is centralized, so no central authority can take interest on your deposits.

No refunds – After trading bitcoins, they are over. You cannot take them back without the buyer’s consent. Thus, it is difficult to commit repayment fraud, which is often encountered by people with a credit card.

When people buy goods and see that they are defective, they turn to a credit card agency for an effective refund. The credit card company does this and charges an expensive refund ranging from $ 5 to $ 15.

Secure personal information – Credit card numbers are stolen during online payments. Bitcoin transaction does not require any personal information. To make a transaction, you need to combine a private key and a Bitcoin key.

You must ensure that your private key is not entered by strangers.

Not inflation – The Federal Reserve prints more dollars as the economy collapses. The government injects newly created money into the economy, causing the currency to depreciate and thus causing inflation. Inflation reduces people’s purchasing power as commodity prices rise.

Bitcoins are in limited supply. The system is designed to exit more Bitcoins when it reaches 21 million. This means that inflation will not be a problem, but will be a deflation that will reduce the price of goods.

Semi-anonymous transactions – Bitcoin is relatively private but transparent. The Bitcoin address is displayed in the blockchain. Anyone can look at your wallet, but your name will be invisible.

Easy micro payments – Bitcoins allow you to make micro payments as free as 22 cents.

Substitute for Fiat currencies – Bitcoins are a good choice for owning national currencies that have capital controls and high inflation.

Bitcoins become legal – Big organizations like the Bank of England and the Fed have decided to take Bitcoins for trading. More and more outlets like Reditt, Pizza Chains, WordPress, Baidu and many more small businesses are now accepting Bitcoin payments. Many binary trading and Forex brokers also allow you to trade Bitcoins.

Bitcoin is the forerunner of a new crypto-currency era, a technology that gives you a look at the currency of the future.

2018 is the year of Masternodes Cryptocurrency

Digital currencies like Bitcoin and Ethereum appear in the headlines every day. What makes these cryptocurrencies unique are their ability to act as a storehouse of value, and with lightning speeds, or at least the introduction of a lightning network for Bitcoin, and the transition to Ethereum ‘Casper pos and smart contract opportunities, cryptocurrencies simply become more than money. Now Masternodes coins are all the rage due to the extra incentive they have to own a percentage of a certain currency.

If you could imagine your old blue-faced hundred-dollar bill being a steroid, then you would be close to imagining a masternod coin. In the world of cryptocurrencies, share proof is a method of checking a transaction hash that confirms consensus and keeps all records on the same page, so there can be no double cost of any transaction, and everything is in network consensus. Lock your money, use the amount of currency you have, and sync with the network to help protect your digital wallet, and in return take an initiative to help validate transactions. To run a masternode, you must have a specific coin running on a network and follow the instructions for setting up Masternodes, depending on the currency in which you plan to invest. Additional incentives are sometimes weirder than tying your money upwards. 1500 per cent per annum. This astronomical investment income that really brings a ton of attention and investment to the Masternodes market.

One cryptocurrency that plans to issue the Masternodes coin in early 2019 is the Tattoo Allince Token to be a side chain in the Egem blockchain, which is breaking the forging industry by creating a miraculous reward system for those who want to get a tattoo and look. forward to apply works of art in exchange for tokens. We believe this will be an incredible and refreshing idea and will be a great way to add long-term benefits to tattoo artists who have never had a 401k or promotion program so far. I am optimistic about this cryptocurrency because it is trying to win a big prize and add value to the cash heavy industry. I believe that in addition to the capabilities of Masternodes, it will have both a decentralized autonomous management and a stake and smart contract protocol, offering a membership reward program. Learn more about the TAT Masternodes sign coming early next year.

Bitcoin Cryptocurrency – Understand the Basics

It has been more than a decade since cryptocurrency began to fascinate people on social media and especially on the Internet. Bitcoin has managed to become one of the best cryptocurrencies today, no one knows the exact origin of the currency, but in mid-2008 it appeared under the Japanese pseudonym “Satoshi Nakamoto”.

So, what exactly is this Bitcoin Currency and why was it able to maintain its place in the financial markets. The reasons listed below can give an idea of ​​its popularity and provide evidence that it is safe in the future.

  • Bitcoin is the first decentralized digital currency.

  • Bitcoin is an independently floating currency that does not belong to any government or is linked to another currency to influence the economic indicators that regulate the value of traditional currencies.

  • With its growing popularity among the masses, it now has an increasing level of acceptance at all levels, for example, you can buy products directly with Bitcoin cryptocurrency and trade on different platforms such as CoinBase, Bitfinex, Bitstamp, Kraken and more. .

  • All you need is a wallet and an internet connection to review your Bitcoin transfer.

  • In most cases, transfers are instantaneous.

  • Ease of operation with a few clicks on the Internet or your mobile phone.

  • Privacy is safe compared to other payment regimes on the Internet where your important information can be leaked and misused.

  • You have to pay for the volume of money transfers using traditional methods and more, these transfers are subject to special regional and provincial rules. Although trading in Bitcoin cryptocurrency does not require you to comply with any state regulations, you do not charge a large fee for transactions.

  • Because you are the only one who has access to your e-wallet, your coins are always with you and no one can steal your money. Thanks to the shared public book, the processes and operations are transparent, and anyone can confirm a transaction from anywhere in the world using the Internet at any time.

  • Another advantage of having a Bitcoin cryptocurrency wallet is that your account is not frozen.

Given the growing popularity and acceptance of the Bitcoin cryptocurrency, we can assume that the future of Bitcoin alone is not bright enough, and that this innovative payment method will remain here.

Is it possible to invest in Bitcoin?

No doubt you think you are embarrassed by the value of the $ 20,000 you read in this article after the recent rage of the Bitcoin value jump. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some reasons:

TO COME

The first thing many people think when they hear the current price is that they are very late and people who still buy Bitcoin just skip something. In fact, with the advent of the mining years and the fact that the currency is still in its infancy (more like a teenager), its value is still rising and it is a healthy investment.

AUTOMATIC TECHNOLOGY

Blockchain is not just about cryptocurrency. This is the future of the supply chain and the fight against fraud. Super-smart protocols, such as the DAO (Decentralized Autonomous Organization) and Smart Contracts, are just a few of the things that come from a blockchain that automates an organization’s work and money transactions.

SAFE

Every day people are robbed and bank robbers are killed. Bitcoin and Blockchain ensure that the money stored in your digital wallet is at a much more secure level than the virtual number that reflects your cash in your local bank.

SAVE MONEY

You have had a bad experience where you have to send a little money to one side of the world and you have to deal with currency conversion, opening a letter of credit, bank charges and so on. Did the costs hurt you? Bitcoin destroys all of them. When it comes to cryptocurrencies, there is no intermediary like a bank because there is no banking system. You can avoid all these extreme charges by sending money directly to the intended recipient.

TIME IS MONEY

Did we say you can send money directly yourself? This saves you time as you do not have to fill out a form and application. It is enough to ask for the open address of the buyer and enter the required amount.

There is no inflation

Because the number of Bitcoins is limited (only 21 million will be produced), the value of this cryptocurrency cannot be depreciated as a limited supply, but the growing demand indicates that it is a self-floating currency. No inflation turns into an excellent investment.

Yourself

Remember the Greek financial crisis, when municipal councils were asked to hand over extra cash to the central bank? With normal currency, the central bank is the owner, not you, and can force you to return them. Bitcoin does not belong to anyone, it belongs to you according to the amount in your hand. No one can force it on you.

It’s not too late to invest in Bitcoin and Blockchain, but like other currencies, the future is unpredictable. Carefully study your preferred bitcoin exchange charts before making an investment.

Preparation for the world of cryptocurrency: China Edition

Over the past year, the cryptocurrency market has received a number of severe blows from the Chinese government. Market hits were perceived as a warrior, but the comb showed its impact on many cryptocurrency investors. The market is performing poorly compared to its 2017 percent earnings.

What happened?

Since 2013, the Chinese government has taken steps to regulate cryptocurrencies, but nothing has happened compared to what was introduced in 2017. (See this article for a detailed analysis of the official statement issued by the Chinese government)

2017 was a banner year for the cryptocurrency market with all the attention and growth it gained. Excessive price volatility has forced the central bank to take more drastic measures, including a ban on initial coin offerings (ICOs) and disruptions in domestic cryptocurrency exchanges. Mining factories in China were soon forced to shut down under the pretext of excessive electricity consumption. Many exchanges and factories moved abroad to avoid regulation, but remained accessible to Chinese investors. However, they still can’t escape the Chinese Dragon’s claws.

In a recent government-led effort to track and ban cryptocurrency trading among Chinese investors, China has expanded its “Eagle’s Eye” to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of engaging in transactions and related activities with foreign crypto exchanges are subject to measures ranging from limiting withdrawal limits to freezing accounts. There are constant rumors among the Chinese community that more extreme measures will be applied on foreign platforms that allow trade between Chinese investors.

“As to whether there will be more regulatory action, we must wait for orders from higher authorities.” Excerpts from an interview with the group leader of the Public Information Network Security Supervision Agency under the Ministry of Public Security of China, February 28

WHY WHY WHY !?

Imagine that your child is investing his savings in a digital product (in this case cryptocurrency), there is no way to check its authenticity and value. You can be lucky and get rich, or you can lose it all when the crypto bubble bursts. Now apply this to millions of Chinese citizens, and we are talking about billions of Chinese Yuan.

The market is full of fraud and meaningless ICOs. (I’m sure you’ve heard the news that people are sending money to random addresses with promises to double their investments and meaningless ICOs). Many reluctant investors are in the money and pay less attention to the technology and innovation behind it. The value of many cryptocurrencies stems from market speculation. Join any ICO with a well-known consultant, a promising team or a decent noise on board during a crypto-boom in 2017, and secure at least 3 times your investment.

The lack of understanding of the company and the technology behind it is a recipe for disaster with the proliferation of ICOs. Members of the central bank say that almost 90% of ICOs commit fraud or illegal fundraising. I think the Chinese government wants to ensure that cryptocurrencies are ‘managed’ and not too big to fail within Chinese society. Although aggressive and controversial, China is moving towards a safer, more regulated cryptocurrency world. In fact, this may be the best move the country has taken in decades.

Will China issue an ultimatum and make cryptocurrency illegal? I doubt it, because it is pointless to do so. Currently, financial institutions are prohibited from owning any crypto assets, but individuals are allowed to carry out any form of trading.

State-run cryptocurrency exchange?

The annual “Two Meetings” (named after the two major parties – the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC)) take part in the forum in the first week of March. Gather to discuss the latest issues and make the necessary legal changes.

NPCC member Wang Pengjie was interested in the prospects of a digital asset trading platform operated by the state, and also launched educational projects related to blockchain and cryptocurrency in China. However, an approved account is required to allow trading on the proposed platform.

“A well-regulated and efficient cryptocurrency exchange platform in cooperation with the People’s Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC) to establish related regulations and achieve capital valuation while protecting the digital assets of companies (ICOs) and investors” Pengjie’s presentation.

The march towards the Blockchain Nation

Governments and central banks around the world have struggled to cope with the growing cryptocurrency; but one thing is for sure, they all embraced the blockchain.

Despite the cutting of cryptocurrency, the blockchain is gaining popularity and mastery at various levels. The Chinese government supports blockchain initiatives and adopts technology. In fact, the People’s Bank of China (PBoC) is working on digital currency and conducting fraudulent transactions with some commercial banks in the country. It has not yet been confirmed that digital currency will be decentralized and that cryptocurrency will offer features such as anonymity and immutability. Given that anonymity is the last thing China wants in its own countries, it would not be surprising if it turns out to be just a digital Chinese yuan. However, the digital currency, created as a close substitute for the Chinese yuan, will be subject to existing monetary policy and laws.

Zhou Xiaochuan, Governor of the People’s Bank of China. Source: CNBC

“Many cryptocurrencies have seen explosive growth that could have a significant negative impact on consumers and retail investors. We don’t like products that use a great opportunity for speculation (cryptocurrency) that makes people dream of getting rich overnight,” Zhou Xiaochuan said in a report on Friday, March 9.

Zhou Xiaochuan, chairman of the People’s Bank of China, criticized the cryptocurrency projects used to cash the cryptocurrency boom and increase market speculation during a media speech on Friday, March 9th. He also noted that the development of digital currency is ‘technologically inevitable’.

At the regional level, many Chinese cities are promoting blockchain initiatives to promote growth in their regions. Known as Alibaba’s headquarters, Hangzhou said blockchain technology will be one of the city’s top priorities in 2018. Local authorities in Chengdu have also been asked to set up an incubation center to encourage the adoption of blockchain technology. financial services of the city.

Local conglomerates such as Tencent and Alibaba have also partnered with blockchain firms or launched projects themselves. Blockchain companies, such as VeChain, have also established numerous partnerships with Chinese companies to improve the transparency of the supply chain in China.

All indications are that China is working towards a blockchain nation. China is always open-minded to emerging technologies such as mobile payment and artificial intelligence. After that, China will no doubt be the first country to support the blockchain. Will we allow the Chinese government to withdraw and allow its citizens to trade again? Probably when the market matures and becomes less volatile, but not in 2018.

If You Think You Have Missed The Internet Income Revolution, Try Cryptocurrency

When most people think of cryptocurrency, it can also be an encrypted currency. Very few people seem to know what it is, and for some reason everyone seems to know it. This report will cover all aspects of cryptocurrency so that you can understand what it is and what it is about.

You may or may not find that cryptocurrency is for you, but at least you will be able to speak with a degree of confidence and knowledge that others will not have.

There are many people who have reached the status of millionaires engaged in cryptocurrency. Obviously, there is a lot of money in this new industry.

Cryptocurrency is a short and simple electronic currency. However, it is not so short and simple, it is exactly what it is worth.

Cryptocurrency is a digital, virtual, centralized currency produced by the application of cryptography, which, according to Merriam Webster’s dictionary, is “computerized encoding and decoding of data.” Cryptography is the basis for debit cards, computer banking and e-commerce systems.

Cryptocurrency is not supported by banks; not supported by a government, but by an extremely complex algorithm regulation. Cryptocurrency is electricity encoded in a series of complex algorithms. What makes money worthwhile is their complexity and protection from hackers. It is very difficult to replicate the method of making cryptocurrency.

Cryptocurrency is in direct opposition to what is called fiat money. Fiat money is a currency that derives its value from government decrees or laws. The dollar, the yen and the euro are examples of all this. Any currency defined as a legal tender is money.

Unlike Fiat money, another thing that makes cryptocurrency valuable, like a commodity like silver and gold, is only a limited amount of it. Only 21,000,000 of these extremely complex algorithms have been produced. No more, no less. It can’t be changed by pushing more, like the government printing more money to pump without supporting the system. Or something that the Federal Reserve will instruct banks to adapt to inflation by a bank that is changing a digital ledger.

Cryptocurrency is a tool for buying, selling and investing that completely avoids both government control and banking systems that track the movement of your money. In an unstable world economy, this system can become a stable force.

Cryptocurrency also gives you great anonymity. Unfortunately, just as money can be abused on a regular basis, it can also be misused by a criminal group that uses cryptocurrency for its own purposes. However, it can protect the government from monitoring your every purchase and from asking for your privacy.

Cryptocurrency comes in several forms. Bitcoin was the first and is the standard that all other cryptocurrencies created themselves. All are produced by alpha-numerical calculations from a complex coding tool. Some other cryptocurrencies are Litecoin, Namecoin, Peercoin, Dogecoin and Worldcoin. These are called altcoins as a generic name. The price of each is regulated by the supply of a particular cryptocurrency and the market demand for this currency.

The way cryptocurrency is created is very attractive. Unlike gold, which needs to be extracted from the ground, cryptocurrency is simply the entrance to a virtual book stored on various computers around the world. These inputs must be ‘mined’ using mathematical algorithms. Individual users, or more likely a group of users, perform computational analysis to find certain series of data called blocks. ‘Miners’ find information that creates a clear example of a cryptographic algorithm. At that point, the series is applied and a block is found. The data block is not encrypted after an equivalent data series in the block is matched to the algorithm. The miner receives a reward for a certain amount of cryptocurrency. Over time, as cryptocurrency becomes scarcer, the amount of rewards decreases. In addition, the complexity of the algorithms in the search for new blocks is growing. It is difficult to find a suitable series in terms of calculation. Both of these scenarios come together to slow down the emergence of cryptocurrency. This mimics the difficulty and scarcity of extracting a commodity like gold.

Now anyone can be a miner. The creators of Bitcoin have turned the mining tool into an open source, so it’s free for everyone. However, the computers they use work 24 hours a day, seven days a week. The algorithms are extremely complex and the CPU is fully bent. Many users have special computers designed specifically for cryptocurrency. Both user and specialized computer miners are called.

Miners (human beings) keep transaction books and act as controllers to ensure that a coin is not repeated in any way. This ensures that the system is not attacked and the amok does not work. They earn money by buying a new cryptocurrency every week as they continue their work. They store cryptocurrencies in specialized documents on their computers or other personal devices. These files are called wallets.

Let’s praise some of what we have learned:

• Cryptocurrency: electronic currency; digital currency.

• Fiat money: any legal means; support the government system, used in the banking system.

• Bitcoin: the original and gold standard cryptocurrency.

• Altcoin: Other cryptocurrencies that are modeled on the same processes as Bitcoin, but with minor changes in coding.

• Miners: an individual or a group of people who use their own sources (computer, electricity, space) to issue digital coins.

o A special computer designed to find new coins by calculating special algorithms.

• Wallet: A small document where you store your digital money on your computer.

Briefly conceptualize the cryptocurrency system:

• Electronic money.

• Mining by individuals who use their own sources to find coins.

• A stable, finite currency system. For example, only 21,000,000 Bitcoins are produced for each time.

• It is not required to be employed by any state or bank.

• Valuation is determined by the number of coins found and used, combined with the requirement to own the people.

• Bitcoin is first and foremost a cryptocurrency.

• It can bring great wealth, but like any investment, there are risks.

Most people find the concept of cryptocurrency amazing. For many, the next gold mine may be a new field. If you think there is something you want to learn more about cryptocurrency, you have found the right report. But in this report, I barely touched the surface. There is more to cryptocurrency than I have mentioned here.

What will your government do about crypto?

Many people are now actively thinking about what to do with cryptocurrencies (CCs) because they do not want to lose tax revenues and think they need to regulate this market area to protect consumers. It is commendable to consider consumer protection at this level, knowing that there are cases of fraud and hacking and theft. The Securities and Exchange Commission (SEC) was formed in the United States for this purpose, and the SEC has already introduced some rules for exchanges and transactions. Other nations have similar regulatory bodies, and most are working to develop appropriate rules, and it is likely that “rules” will be dynamic over a number of years as governments discover what is good and what is not. Some of the advantages of the CC are that they are not controlled by any government or the Central Bank, so it can be an interesting debate for many years to see how much regulation and control will be applied by governments.

A greater concern for most governments is the potential to increase revenue by taxing profits in the CC market space. The central question to be addressed is whether to consider CC as an investment or as a currency. Most governments tend to view CCs as an investment as a capital gains model for every commodity whose profits have so far been taxed. Some governments view the CC only as a currency that fluctuates in its daily relative value and will use similar tax rules for foreign exchange investments and transactions. It is interesting that Germany walks along the fence here, it was decided that the CC was used directly to buy goods or services. If we used all our capital gains to buy something directly, it would seem a bit chaotic and unprocessed if we could not be taxed every time we said a new car. Maybe Germany will adjust its policies well or reconsider as it continues.

Given the lack of consistent global laws requiring CC exchanges to report CC transactions to the government, it is more difficult for governments to enforce tax rules. The global and distributed nature of the CC market makes it impossible for any nation to know all the transactions of its citizens. Tax evasion already occurs because there are many countries that provide global banking services, are used as a tax haven, and take refuge in taxes. Nature CCs were born in a field of little regulation and control by governments, and this has both disadvantages and disadvantages. It takes time for governments to do all of this through trial and error – it’s still new, and that’s why we’re introducing CC and Blockchain technology as “game changers.”

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Catch-22 of Crypto-Currency Hack Legal Protection

I was discussing cryptocurrencies with an acquaintance at a local Starbucks the other day, and I mentioned that I had worked with several entrepreneurs who had previously been academic experts in IT Security. Of course, for cryptocurrencies, everything is about secure data transmission and trust in the internal values ​​of these and zeros or Q bits. Maybe I can take a look at their business plans, even though these digital currencies have some blows on the way to the future, and I’m sure the future will be the norm – that’s the way the world looks.

Does this mean that we will have a distribution network such as distribution power on a smart network or distribution information like the Internet? Yes, people generally do what works, and with centralization and distribution redundancy strategies, there are both good and bad.

What is the last thing you ask now? There are two articles I read less than an hour after that meeting, because while watching the information I had previously saved it to write about; Slightly Useful – Bitcoin itself may fail as a currency, but the underlying technology is starting to offer valuable new applications “Paul Paul (February 18, 2014) and I think this article was written the day before Bitcoin was stolen. Top exchanges.

Another article was written by Naette Byrnes the day after the findings hit news agencies on February 25, 2014: “Bitcoin in the Hot Seat – A large Bitcoin exchange closes and questions about cyber currency arise.” Are you surprised? No, so do I.

The second article said; “Tokyo-based Gox Mountain, once one of the largest Bitcoin cyber exchanges, closed on Tuesday amid growing rumors of millions being stolen from the company and concerns about the long-term prospects of unregulated digital currency. Other bitcoin exchanges are rapidly moving away from Gox and still in business They claimed to be open. The currency itself fell slightly below $ 500 in the afternoon. It reached an all-time high in November. “

What do you say to that? Many. Does this prove the brothers who call it the Ponzi Scheme to be right? Will they get the last laugh, or is it just a disruption process that is expected because all the seats are designed? Consider this meditation practice.

Let’s say there was a hanky-panky here, let’s say someone broke the system or stole digital currency. Currently, all the new Big Big To Fail rules in digital currency banks and so on. It flies under the radar because it is not even recognized by. How much can a digital currency cost? It’s hard to say how a fantastic printed paper with the $ 20 mark can be worth anything, but it’s worth it if we all agree and trust the currency. What is the difference, it is a matter of trust?

Well, let’s just say regulators, the FBI, or some other branch of government are interfering and making accusations – if someone is being prosecuted for cheating on someone else, how much fraud is that? If the state’s executive and justice department puts a dollar on it, they mistakenly accept that the digital currency is real and has a value. If they do not intervene, any fraud that may or may not happen puts the whole concept one way back, and the media will continue to undermine the credibility of all digital or cryptocurrencies.

Thus, it is a capacity for the government, regulators, and executive members, and they can no longer look at it or deny this trend anymore. It’s time for rules. I personally hate regulation, but it doesn’t start that way at all. Once regulated, the concept is credible, but the digital currency concept can also overturn a World Monetary Strategy or even the US Dollar (Petro-Dollar) paradigm, and it can be hell for that. Can the global economy cope with this level of disruption? Follow us, we will see.

In the meantime, what happens next will either make or break this new change in how we look at the value of money, wealth, online transactions, and how we think about the future blurred reality of the real world. I just don’t see a lot of people thinking here, but let everyone take one step and we can all be in a world that is tormented – all of humanity. Please consider and think about all this.

Crypto trend – Second edition

In the first issue of CRYPTO TREND, we introduced Crypto Currency (CC) and answered several questions about this new market area. There is a lot of news in this market every day. Here are some points to take a look at how new and exciting this market space is:

The world’s largest futures exchange to create a futures contract for Bitcoin

Terry Duffy, president of the Chicago Mercantile Exchange (CME), said, “I think the second week of December was once our [bitcoin futures] sign a contract for the list. You can’t shorten bitcoin today, so there’s only one way to go. You either buy it or sell it to someone else. So you create a two-way market, I think it’s always more efficient. “

CME plans to launch its futures by the end of the year, waiting to review Bitcoin regulations. If successful, it will give investors a convenient way to go “long” or “short” in Bitcoin. Some sellers of stock trading funds have also applied for bitcoin ETFs that track bitcoin futures.

These developments could allow people to invest in the cryptocurrency space without directly owning a CC or using exchange services. Bitcoin futures can make digital presence more profitable by allowing users and intermediaries to protect against foreign exchange risks. This could increase the acceptance of cryptocurrency by traders who want to accept Bitcoin payments but are wary of variable value. Institutional investors are also accustomed to regulated futures trading, which does not face money laundering concerns.

CME’s move shows that bitcoin has become a big deal to ignore since it recently ruled out crypto futures. Bitcoin is about everyone who talks to brokers and trading firms who are suffering in expensive but unusually attractive markets. If stock futures had risen, it would have been almost impossible for any exchange like CME to mature, because scale and liquidity are important in derivative markets.

“You can’t ignore the fact that it’s becoming more and more of a story that won’t go away,” Duffy told CNBC. There are “major companies” that want to get Bitcoin, and “there is a huge demand” from customers, he said. Duffy also thinks that bringing institutional traders to market could make bitcoin less volatile.

The Japanese village will use cryptocurrency to raise capital for municipal revival

The Japanese village of Nishiawakura is exploring the idea of ​​holding an Initial Coin Proposal (ICO) to raise capital for the municipality’s revitalization. This is a very new approach and may require national government support or seek private investment. Several ICOs have serious problems, and many investors are skeptical that a new miracle will be worthwhile, especially if the ICO is another joke or scam. Bitcoin was definitely not a joke.

EXTRA BRIBE OFFER – (ICO)

We did not talk about the ICO in the first issue of Crypto Trend, so let’s mention it now. Unlike a First Open Offer (IPO) in which a company owns a real product or service for sale and wants to buy shares from its companies, it can be caught by anyone who wants to start a new Blockchain project with the intention of creating an ICO. a new sign in the chains. ICOs are unregulated and some are completely treacherous. A legitimate ICO can raise a lot of money to fund a new Blockchain project and network. It is typical for an ICO to generate a high token price near the start and then return to reality. If you know the technology and have a few dollars, it’s relatively easy to catch an ICO because there are so many and there are about 800 tokens in our game today. All of these tokens have a name, they are all cryptocurrencies, and they are called sub-coins, except for very well-known tokens such as Bitcoin, Ethereum, and Litecoin. At the moment, Crypto Trend does not recommend participating in the ICO, because the risks are very high.

As we said in issue 1, this market is currently a “wild west” and we recommend that you be careful. Some investors and early practitioners have made huge gains in this market space; However, there are those who have lost a lot or all of them. Governments are reviewing regulations because they want everyone to know about each transaction to be taxed. They all have huge debts and cash is closed.

So far, the cryptocurrency market has escaped many government and traditional banking financial problems and pitfalls, and Blockchain technology has the potential to solve more problems.

A great feature of Bitcoin is that the creators have selected a finite number of coins that can be produced into 21 million, thus ensuring that this cryptocurrency is never inflated. Governments can print as much money (Fiat currency) as they want and inflate their currencies to the point of death.

Future articles will look at specific recommendations, but make no mistake, your early investment in this sector will only be your most speculative capital, for the money you will lose.

CRYPTO TREND will be your guide when you are ready to invest in this market space.

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