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Bitcoin scaling solutions are not all that difficult to come by these days. Segregated Witness, Bitcoin Unlimited, BIP 100, and Extensions Blocks are just a few of the possible solutions. Plus, there is also the user-activated soft fork to take into account. However, it appears a new solution is on the horizon which claims to have the potential of scaling bitcoin in “mere weeks”. Time to take a look at what Moonbeam has to offer.

It has to be said, the Moonbeam solution offers a rather elegant solution to make bitcoin scale. Rather than focus on a direct block size increases, this project uses Bitcoin payment channels to provide off-chain transactions. Moreover, this solution can operate between different platforms without friction. In a way, it removes the need for all of the aforementioned scaling solutions as well as bigger blocks. On paper, there is nothing not to like about this concept, assuming it can gain some traction.

Moving certain bitcoin transactions off the main blockchain will effectively create room for other bitcoin transfers. Moreover, MoonBeam is – in theory – capable of providing virtually instant off-chain payments for high-volume platforms, such as bitcoin exchanges, conversion platforms, and companies dealing with bitcoin debit cards. It is always refreshing to see such a solution come from someone else other than Bitcoin developers, as more solutions to make bitcoin grow is never a bad thing.

Regular bitcoin transactions revolve around a user sending a payment with a unique transaction ID. These transactions always include a fee for the miners so they will include it in the next network block. Moonbeam, on the other hand, sends bitcoin payments in the form of batches, while still settling them as one individual transaction. The miner fee associated with the transfer is paid only once the settlement transfer is accepted by the miners. This results in a practical solution that offers benefits for everyone involved in making transactions happen on the network.

Note from the author: SegWit does things differently, as it removes transaction signatures and carries those separately. While this allows for more transactions in the same block, it is very different from creating transaction “batches”. 

It is important to note Moonbeam is not designed to compete with the Lightning Network, should that ever come to fruition. The two concepts can peacefully coexist, even though they both offer a similar solution. Making payments faster at a lower cost is more than welcome, yet Moonbeam does not require fundamental changes to bitcoin, unlike the Lightning Network. As a short-term solution, this project seems to be well worth considering, as it can effectively be deployed within minutes from now.

One major change the Moonbeam protocol would bring to bitcoin is how it uses a different wallet structure. Regular bitcoin addresses start with “1” – or “3′ if its multisig – whereas Moonbeam addresses start with “m”. However, these addresses will also be compatible with traditional wallet software not supporting this implementation. A part of the address – after the  “+” sign – can be pasted into the recipient field of a regular bitcoin transaction. It’s nice to see this protocol being backward compatible and provide service providers with an option to either use Moonbeam or not.

Last but not least, the Moonbeam code is all but ready to go right now. The developers have deployed a reference implementation on the testnet, yet it will take a bit more work to create a production-ready version for the mainnet. This process should only take a few weeks, though. It will be interesting to see if service providers and bitcoin users will give Moonbeam a try once it goes live on the mainnet. There are clear advantages to this project, that much is certain.

Read More Read More, Posted by: treyxion
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Countries like France, Germany and the UK have already established regulatory frameworks for Bitcoin companies, users and traders. Other European countries have offered their unique regulatory frameworks with clarity, to ensure there exists no conflict between local businesses and regulators due to ambiguous regulations and policies like India.

Smaller countries such as Malta, an archipelago in the central Mediterranean between Sicily and the North African coast, have begun to consider Bitcoin as a legitimate currency and revolutionary technology.

Bitcoin and Blockchain included in national strategy
In particular, local publications including Malta Today reported that the country’s prime minister Joseph Muscat announced the approval of a national strategy to promote Bitcoin and Blockchain technology.

Muscat said at a conference organized by the financial affairs parliamentary committee:
“This is not just about Bitcoin and I also look forward to seeing Blockchain technology implemented in the Lands Registry and the national health registries. Malta can be a global trail-blazer in this regard. I understand that regulators are wary of this technology but the fact is that it’s coming. We must be on the frontline in embracing this crucial innovation and we cannot just wait for others to take action and copy them. We must be the ones that others copy.”

Although Muscat raised several positive use cases of Bitcoin and Blockchain technology, Muscat specifically addressed the Bitcoin Blockchain’s ability to handle, store and process sensitive data such as lands registry in a secure, immutable and decentralized ecosystem.

Land records
Most recently, Ubitquity, a US-based Blockchain startup, partnered with one of the land records bureaus of Brazil to utilize the Bitcoin Blockchain technology to integrate land records to the public Blockchain of Bitcoin. Such method enables land bureaus and other government organizations to store data within an unalterable ledger.

“We are incredibly excited to announce our partnership with the land records bureau, a Cartório de Registro de Imóveis [Real Estate Registry Office] in Brazil. This partnership will help to demonstrate to government municipalities the power and benefits of using Blockchain-powered recordkeeping,” said Ubitquity founder and president Nathan Wosnack.

Malta to become the Silicon Valley of Europe?
The rest of the government, including Labor Minister of Parliament Silvio Schembri, revealed the government’s vision to transform Malta into the Silicon Valley of Europe. The country will focus on the development of innovative technologies such as Bitcoin and Blockchain technology to stay at the forefront of European technological innovation.
Schembri stated:
“We should aim to have the world’s best environment for the development and commercialization of fintech models and disruptive innovation. The government should ensure that Malta has the appropriate regulatory framework, the right tax system and the best infrastructure to support this ambition. With our geographical position and weather conditions, strong financial system, skills base, entrepreneurial spirit and can-do approach, Malta can truly serve as a test-bed for new sectors and foreign firms to test their new technology and products locally.”

Read More Read More, Posted by: treyxion
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BitTorrent Founder Bram Cohen has said he wants to create a “storage based” cryptocurrency to combat “centralization in Bitcoin mining.”
The veteran tech entrepreneur told TorrentFreak that a “new currency” is required to tackle what the publication describes as “Bitcoin flaws.”
He says:
“My proposal isn’t really to do something to BitCoin. It really has to be a new currency. I’m going to make a cryptocurrency company. That’s my plan.”

While the exact details are still forthcoming, Cohen apparently intends to use a Proof-of-Capacity (PoC) algorithm to reduce mining expenditure. Bitcoin, by contrast, uses a Proof-of-Work algorithm.

Currencies that use PoC rely on stored data banks to verify blocks, which reduces the energy load required to run the network considerably on the miner’s end.

“Another benefit of storage based things is actually that there’s a lot less centralization in mining. So there’s a lot less concern about having a 51% attack,” he continues.

Cohen is a fair few stages behind fellow tech mogul Kim Dotcom in his entry into the cryptocurrency realm, the latter having already demonstrated the latest incarnation of his Megaupload file-sharing site.

Incorporating a Bitcoin-based content distribution system called Bitcache, the project makes direct use of Bitcoin wallets to allow content creators to receive payments for the material they publish.

In preparation for Bitcoin’s latest rival, meanwhile, Cohen says he will shortly begin spending all his time on development.
“In the next few months I’m going to devote myself full-time to the cryptocurrency stuff,” he concludes.

Read More Read More, Posted by: treyxion
The recent demonetisation initiative was a bold move by the government of India towards abolishing a parallel economy in the country. However, the big question is this: is this a sustainable model? Will the government seek the help of technology to maintain and renew multiple business processes?

A few months ago, news reports quoted an RBI official saying that the central bank may soon set up a committee to study the use of "blockchain" technology in reducing the consumption of paper currency. Back then very few people might have understood what it really meant.

Quote:Blockchain exposes exactly what happened, when it took place and who was involved... it kicks out intermediaries that can easily manipulate records.

Here I will succinctly explain the concept of blockchain as well as the practical use cases of this innovative technology in the Indian context.

In a nutshell, blockchain is a new technology underlying Bitcoin and is popularly and rightly called the operating system for business transactions in many circles. Technically, it is a distributed, append-only, fault tolerant, time-stamped, secured, immutable, and when required, a transparent database.

Blockchain can either be public or private, just like the Internet. Transactions on a public blockchain are completely transparent and visible to anyone who wishes to explore. A private blockchain restricts access to a selected few, who have been given permissions. However, the biggest advantage of both these types lies in the elimination of an intermediary to complete the transactions, as well as the detailed audit trail that it creates. It exposes exactly what happened, when it took place and who was involved. In a sense, it kicks out intermediaries that can easily manipulate records for the benefit of additional fees.


The biggest question that arises from the demonetisation drive is whether it will actually benefit the average citizen of India. And the answer is yes, it can. Here is a list of initiatives that can add to the impact of demonetisation if the government embraces the new technology.

1. Blockchain can make all government contracts transparent and cashless

Often, intermediaries in the system try to take out an unaccounted portion of fund allocation whenever a contract is awarded, thereby robbing taxpayers of their hard-earned money. Blockchain can put an end to this by recording each and every transaction and making it transparent. It would enable public access to all the contracts awarded, transactions done by the government, businesses, contractors, public and everyone who is responsible for any decision-making and deals with money in such transactions. Funds allocation and cost incurred against it at each level can be fairly audited and accounted for. Every action will be recorded on a ledger and this ledger can be made public for scrutiny and transparency.

2. The entire voting process can be recorded on blockchain

Indian politics has been time and again accused of influencing the decisions of electors by giving out money in order to secure a vote bank. With blockchain, the entire process of elections—from awarding a ticket to a candidate to campaign spends to the final stage of voting—can be made public. This move will ensure a more fair and transparent electoral system in the country.

3. Make all government offices cashless

With new regulations in place, any payments made to and from the government must be mandated to be made cashless. Recording such transactions on blockchain and making it public will eradicate unfair practices in government offices. Blockchain will certainly help curb corruption. For instance, the government has already enabled a bank account with zero balance to its citizens. It means, practically every person in this country can get their wages deposited in their bank account. A contractor cannot underpay or overpay a labourer.

4. Make all transactions, penalties, fees etc. above ₹1000 cashless

With the emergence of new technologies, smartphones and robust networks, the digital banking era is already here. Sending and receiving a major part of payments digitally and recording it on blockchain can help our economy match income against cost and savings far more easily. Filtering out black money becomes simple.

5. Bring transparency to transactions and not people or companies

Instead of emphasising on proposals and names of non-meaningful political candidates on big hoardings, big contractor companies responsible to build infrastructure can have a QR code printed on public displays, as well as big government spends etc for a transparent audit at any time (like RTI). This is feasible if all the actions and transactions are recorded on blockchain.

6. Target major sources of black money

The major sources of black money—liquor houses, toll-tax, property registrations, medicines and drugs, city corporations etc.—should be on the blockchain platform with no intermediaries and cash Account for all liquor production and trade; bring every property registration recorded on blockchain and make it intermediary free; make all property transactions registrar-free by developing a system on blockchain; make all toll-tax contractor free by capturing the payments directly in the government accounts through cashless payments. These are just some of the examples by which transparency can be brought to transactions.

7. Mandate newer initiatives such as payment banks to build their entire infrastructure on blockchain

It would certainly take huge efforts to modify the existing infrastructure but we can start with the new establishments dealing with public money. Payment banks could lead by example by showing the path to becoming a cashless economy. Blockchain will help them lead this endeavour and in the process bring substantial reduction in their implementation and maintenance cost.
Demonetisation is possibly the biggest revolution since independence. We, as common people of the nation, want to build a better India for the coming generations. A future-proof technology can help us achieve that dream.

Read More Read More, Posted by: mosers76

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Read More Read More, Posted by: mosers76
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The Bitcoin network has seen a sharp increase in U.S. dollar denominated transaction fees and the average amount of time it takes for a transaction to receive its first confirmation over the past year due to blocks becoming increasingly full. While some have claimed these perceived issues are extremely detrimental to the adoption of Bitcoin in developing countries, Bitwala CEO Jörg von Minckwitz told Bitcoin Magazine that this is not necessarily true.

Bitwala is a Bitcoin-focused international money transfer startup that also aims to provide blockchain-based banking services that are accessible to anyone on any part of the planet.

According to Minckwitz, the changes in the Bitcoin network over the past year have not had much effect on the particular types of use cases that have become popular on the African continent. Bitwala as a company also likes Bitcoin as it exists today, although they believe off-chain solutions such as the lightning network are the right path forward in terms of future improvements to the network.

What Is Bitcoin Used for in Africa?
According to Minckwitz, North Africa is the most popular region of the continent when it comes to new signups and website visits; however, the Bitcoin startup is also seeing a daily rise in signups and generally increased interest from users in other areas.

According to data recently released by Bitwala, 30 percent of their new signups are coming from a combination of Africa and South East Asia.

“Bitcoin is also becoming very popular in Sub-Saharan and East Africa where it fills the need to serve underbanked communities and where the cryptocurrency steps in place of sometimes absent currencies,” Minckwitz said.
Minckwitz went on to claim that Bitwala has seen a lot of businesses, especially in Nigeria, that utilize bitcoin to provide bank-like services such as offering loans.

“Bitwala has emerged to fill the gap left by money transfer intermediaries and banks when it comes to cheaper and faster international transfers,” Minckwitz said. “Although we cannot tell for sure, judging by the amounts transferred, people in Africa are using Bitwala for sending money to friends and family, but business-like transactions are also on the rise.”
In a past interview with CoinJournal, Kenya-based fintech blogger Michael Kimani shared similar statements, noting the use of Bitcoin for filling the gaps between the various online payment systems in the country.

Bitcoin’s Network Congestion Not Causing Problems in Africa
When asked if Bitwala has been negatively affected by higher fees and longer confirmation times on the Bitcoin network, Minckwitz bluntly responded, “To be honest, no.

“We like Bitcoin as it is and we don’t see higher fees as a threat,” Minckwitz continued. “Higher fees make companies [optimize] their payment flows. Many transactions of a day-to-day life don’t need to be settled on chain. With higher fees, the spam (useless transactions) on chain gets reduced, which is in our opinion a good thing. Bitcoin was not meant to be a payment network. It is the value that the payment network should carry.”

Some in the Bitcoin community would dispute the claim that the P2P digital cash system was never meant to be a payment network. After all, the introduction of the Bitcoin white paper discusses the need for an “electronic payment system based on cryptographic proof instead of trust.”

Having said that, the earliest of adopters, such as cypherpunk Hal Finney, who received the first-ever bitcoin transaction from Satoshi Nakamoto, have also noted the digital commodity’s gold-esque properties, which could signify its importance as a store of value.

In Minckwitz’s view, the bigger Bitcoin companies should settle their bitcoin payments in a manner similar to how traditional banks work today, at least for now. “They calculate their debt or balance during the day and once a day they do one transfer instead of hundreds back and forth all day long,” he explained.

“I think it all comes down to the perspective,” Minckwitz continued. “When you take a look at the current system in Africa, it is way worse than Bitcoin’s transaction fees. When you transfer money to Africa with Bitcoin it is just a fraction of the amount you pay for companies that serve Africa at the moment.”

Minckwitz added that the use of bitcoin as a store of value in Africa should also not be forgotten. “Most countries in Africa have really unstable currencies, so sometimes they lose almost everything overnight,” he said. “We see Bitcoin as the first solution where they are in charge themselves.”

Scaling Bitcoin via Off-Chain Solutions
From Minckwitz’s perspective, the best path forward for scaling Bitcoin is through the use of off-chain solutions. In addition to having users improve the organization of their payment flows and the bank-esque settlement techniques mentioned previously, Minckwitz would like to see this process improved further through the adoption of Segregated Witness and the lightning network.

“It enables people [to] do transactions off chain during a certain time period,” Minckwitz said of the lightning network. “In the end of this period, there is one transaction on chain to rebalance the accounts. That is an infinite scalable solution and proven since it is in a similar way commonly used today in the banking system already, so I think that is the way to go.”

Read More Read More, Posted by: treyxion
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Most cryptocurrency enthusiasts are well aware of how there are multiple forks of Bitcoin Core’s branch of development. In fact, we recently highlighted three of such concepts, all of which offer their own advantages. As it turns out, there are quite a few more Bitcoin Core forks, and we will highlight Bitcoin Knots and Bitcoin Addrindex in this article.

Prominent figures in the world of bitcoin development often create a fork of Bitcoin Core to tinker around with in their spare time. BTCDrak is one of the many Bitcoin developers in the world today, and he launched his own Bitcoin Core fork back in 2014. Under the name Bitcoin Addrindex, this copy of Bitcoin Core lets users look up bitcoin addresses to discover previous transactions, similar to how block explorers work.

Although this fork of Bitcoin Core may not have a big appeal to the average bitcoin user, it is an invaluable tool for building applications on top of the bitcoin blockchain. Rather than using an API or other third-party data providers to retrieve blockchain information, developers can implement Bitcoin Addrindex to obtain the information through the client directly. In fact, services such as Counterparty and the Blockscan block explorer have seen the value in Bitcoin Addrindex so far.

It is good to see Bitcoin Core forks that are not necessarily oriented towards consumers. Bitcoin Addrindex has no convenient user interface, yet provides a great deal of functionality that may end up replacing the need for third-party block explorers and APIs altogether. Everyone can run their own instance of Bitcoin Addrindex at any given time. Quite a valuable tool for coders who are venturing into the bitcoin world.

Another popular bitcoin Core fork goes by the name of Bitcoin Knots, which is a creation by Luke Dashjr. Bitcoin Knots has been around since 2011, yet still receives timely updates to keep up with Bitcoin Core development and features. The name “Knots” was not chosen randomly either, as it has a biblical reference. Moreover, it also refers to how code is merged, which is especially true in the world of bitcoin and cryptocurrency.

Bitcoin knots differentiates itself from Bitcoin Core in quite a few different ways. First of all, the solution provides more mempool policies. Second, node operators and miners can make use of advanced mining configuration tools. To be more specific, it is possible to enable first-seen opt-in replace-by-fee or just sticking with full replace-by-fee mempool policies. Unconfirmed transactions can also be accepted or rejected, plus miners can lower the block size of blocks mined by them.

Anti-spam measures are found within Bitcoin Knots as well, including determining how many low-fee transfers are included. It is evident Bitcoin knots can serve as a Bitcoin Core testbed, In fact, there are quite a few additional features listed on the website, even though not all of these additions have been tested by the public per se. It is an intriguing branch of bitcoin development to keep an eye on, that much is certain.

Read More Read More, Posted by: treyxion
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Holger Zschaepitz, the senior editor of the financial desk and market maniac at Welt, shared a chart which demonstrated Japan’s struggling economy and its poorly performing 10-year yields.

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As seen in the chart above, for the first time since 2007, Japan’s 10-year yields declined back to zero percent. Zschaepitz noted that the yields could drop to a negative percentage rate at any time in the near future, as the Japanese government continues to print massive amounts of cash.

In conventional finance, a yield is referred to as the income return on an investment usually expressed as an annual percentage rate. Therefore, Japan’s zero percent yield demonstrates a zero percent profit margin or return for its investors.

Seeking alternatives
As the Japanese government continues to print large amounts of money, the inflation rate of the Japanese yen will likely increase proportionally and the value of the Japanese yen will likely fall in the mid-term. Analysts expect that such performance of Bitcoin’s largest exchange market could potentially affect the Bitcoin price.

An increase in Bitcoin price is usually correlated with economic instability and financial uncertainty of a large Bitcoin market. For instance, when the Chinese Bitcoin exchange market was believed to be the largest Bitcoin market in terms of trading volume, the devaluation of the Chinese yuan caused by rising US inflation rates led to a sudden surge in Bitcoin price.

In other words, as the Chinese yuan weakened, traders and investors in the region sought out for alternative wealth management products (WMPs) and safe haven assets such as Bitcoin.

41 percent of the global Bitcoin exchange affected
According to various Bitcoin market data providers including Brave New Coin, the Japanese Bitcoin exchange market currently holds over 41 percent of the global Bitcoin exchange market share, followed closely by the US at 30.6 percent.

Thus, the economic instability of Japan and the weakening of the Japanese yen have a significant impact on the demand for Bitcoin in the local market.

In the past week, the daily trading volume of the Japanese Bitcoin exchange market increased substantially and as a result, Bitcoin price surged from around $1,175 to $1,257. Bitcoin price in the Japanese exchange market also demonstrated a 1.47 percent increase in the past 24 hours, showing a consistent increase in demand for Bitcoin.

Read More Read More, Posted by: treyxion
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[Image: 952666afcc7b0b3c5c92421fae39ef11.png]

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Read More Read More, Posted by: hanafi16

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Read More Read More, Posted by: Nigelator
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Bitcoin inspires hope among many of its owners, investors, and users. Its culture is deeply steeped in the hopes of “being your own bank” and not having to rely on third parties such as government and financial institutions to guarantee, protect, and transfer your wealth. However while I love Bitcoin and want to believe in these sort of ideals as well, more and more I feel like Bitcoin may suffer some very similar problems that fiat economies have.

This is one of the most troubling aspects of Bitcoin that I can think of. We’re approaching having mined into existence about 80 percent of the 21 Million Bitcoin hard limit. Even though that limit will not be hit until about 2140 well beyond my and everyone reading this article’s death -barring some insane medical advancements-, the percentage of new coins that will be made available will be lower and lower.
I do not think that I am the only one who thinks that Bitcoin’s price will continue to explode as the available supply dwindles either. That is where the heart of this problem may be for me: Larger concentrations of coins will be in the hands of fewer people.

I believe that the individuals who have the fortitude and insight to be hodling onto their coins deserve to be rewarded for their risk. It is also my hope that I am hodling more coins if/when the price skyrockets. This will create Bitcoin oligarchs though. Those who bought in or mined early will become immensely wealthy and powerful.
Regardless of good intention, concentration of power like that historically has not worked out well. We also see large wealth disparity in our world today -which is still mostly dealing in fiats- and the levels of civil unrest that it engenders. I think that Bitcoin may share this problem and may even have it worse considering how low the population of Bitcoin users is.

Miners are necessary for processing transactions and bringing new coins into the economy. However the increasing difficulty of blocks and the insatiable thirst for electricity creates situations where only large mining farms and pools are even able to put up the hashrates needed to grab those blocks.
This is centralized. I’m far from the first person to realize or point this out, but it does mean that the Bitcoin network is starting to form these sorts of things it meant to free us from. We’re trending toward having very few holding the (metaphorical) keys to the coins.
As reward halving continues, even more of these pools and farms will shut down, again leading to even more centralization of the network. It would lead us closer to a system not too far from what we have today.

While Bitcoin has many similar problems to the current prevailing financial systems it also has a very unique one: Lost Coins. This is when a wallet private key is lost and the coins in that wallet are unable to be accessed, even by the owner. While projects like the Large Bitcoin Collider may be looking for ways of cracking keys, it is generally agreed that these coins are gone until the private key is found or remembered. This adds a dynamic to Bitcoin that Banks and Governments do not really have: hard deflation. Governments and banks can always print more money. Bitcoin will only have 21 Million. Ever. So any lost coins or fraction of coins will be 21 Mill minus that amount. This could even lead to a further exacerbation of the wealth disparity problem I outlined before.
Bitcoin is a radical take on what economies should look like: trustless, secure, and reliable. However it still seems to have to address and move away from the pitfalls that our current financial system has created. To continue further without trying to address these would be foolish in my opinion.

Read More Read More, Posted by: treyxion
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Bitcoin price is nearing its all-time high price, prior to the official decision of the US Securities Exchange Commission to decline the Winklevoss twins’ Bitcoin ETF COIN set at $1,277.

On Saturday, the global Bitcoin exchange market opened at $1,257, maintaining Friday’s momentum. On April 21, Bitcoin price briefly surpassed the $1,270 mark, positioning itself to surpass its all-time high price. At today’s peak, Bitcoin price increased up to $1,259 but stumbled, moving back down to $1,220. The market closed at $1,243, with a slight 1.23 percent decrease over the past 24 hours.

Still, Bitcoin price increased by over four percent on average in the past week, from around $1,180 to $1,243. Considering the optimistic trading activity of the Japanese exchange market and increasing interest in Bitcoin in the Indian market, Bitcoin price is expected to carry its momentum throughout next week.

Japan’s factor
The Japanese Bitcoin exchange market. which holds almost 50 percent of the global Bitcoin exchange market share with a $121.5 mln daily trading volume, is demonstrating a high level of trading activity, with an increase in Bitcoin price and trading volume.

As shown in the price chart provided by digital currency market data company Brave New Coin below, the daily trading volume of the Japanese Bitcoin exchange market has increased consistently over the past week, distancing itself from the US Bitcoin exchange market in terms of trading volume and market dominance.
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There exist two main reasons why the interest in Bitcoin is increasing at a rapid rate in Japan, as shown in the trading volume and price chart above. First, as noted by financial analyst and Welt Senior Editor Holger Zschaepitz, Japan’s 10-year yields dropped back to zero percent for the first time since 2007.

In conventional finance, the yield represents the income return on an investment that is normally expressed as an annual percentage rate. Japan’s zero percent yield shows a severe economic instability and as Zschaepitz explained, the Bank of Japan is attempting to print massive amounts of the Japanese yen in order to increase the inflation rate and keep the economy afloat.
If the inflation rate in Japan rises, like China, investors usually move to alternative safe haven assets and wealth management products (WMPs) such as gold and Bitcoin. In terms of liquidity and mid-term profitability, Bitcoin appeals to a larger market and thus, in times of financial instability and economic uncertainty, the demand for Bitcoin increases.

Mainstream media
Moreover, the Japanese mainstream media have been offering extensive coverage on Bitcoin, particularly due to the acceptance of Bitcoin by Bic Camera and the legalization of Bitcoin by the Japanese government.

Read More Read More, Posted by: treyxion
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has existed for less than a decade, but it has achieved amazing popularity across the globe, and its value has risen along with its use. Shortly after its creation in 2009, one could buy the virtual currency for less than a penny per bitcoin. Now, a bitcoin is worth about $1,250, and many believe that the upward trend for bitcoin could continue indefinitely. Despite there being plenty of skepticism about the inherent value of bitcoin, the currency has survived dramatic volatility without losing favor among its core users.

During the first couple of years of its existence, bitcoin saw dramatic gains in price. From its penny valuation in 2009, bitcoin rose to $0.10 by 2010 and first hit the $1 mark in early 2011. That ignited a huge wave of new demand for bitcoin, sending the currency up to more than $10 by mid-2011.

Yet at that point, bitcoin showed its propensity for big ups and downs. Within just a few months, bitcoin prices dropped 80%, punishing those who had gotten in at the top and were looking for quick gains. Still, those who stuck with bitcoin earned back their losses, with the currency reaching the $10 mark again in late 2012.

From there, the next wave of interest in bitcoin took the currency to the $100 mark and beyond, climbing to nearly $200 by early 2013. The bankruptcy of the Mt. Gox bitcoin exchange briefly took a big toll on prices, cutting bitcoin's value in half, but before the year was out, the digital currency climbed above $1,000 as market participants increasingly believed that bitcoin would achieve global currency status and prove to be a better alternative to traditional government-issued currency. The frequency of financial crises across the globe during the first several years of bitcoin's history certainly helped feed that theory and added to bitcoin's appeal.

Since then, bitcoin has remained volatile, but not to the same extent as it was earlier in its existence. Prices sank to around $200 in 2015, but the currency picked up steam again more recently. This year, bitcoin regained the $1,000 level and has climbed as high as nearly $1,300.

One concern that some have expressed about bitcoin is that the currency has no intrinsic value. Gold coins, by contrast, represent a given weight of an actual commodity with practical applications, and gold investors take comfort in the fact that their bullion is worth something beyond monetary terms. That's not true of bitcoin, which one receives as a reward for solving complex mathematical problems.

Yet bitcoin advocates note that the same is true of paper currency. It used to be that Federal Reserve notes were tied to the value of gold or silver, but those days are long gone. Just as a dollar bill only has whatever value a buyer and seller assign to it, so too does bitcoin have practical value to the extent that those who make exchanges of the digital currency agree on what it's worth.

One reason why bitcoin has become more valuable likely has to do with the fact that one can use it more widely now than early in its history. Many major technology and retail companies accept bitcoin in the same way they would older currencies, and small businesses have jumped on the bitcoin bandwagon as well. Moreover, with relatively low transaction fees for transfers, bitcoin has become a popular way to move money while avoiding the costly charges that banks and other financial institutions often impose.

Bitcoin has seen dramatic price increases recently, but the one thing investors in the currency can be certain of is that volatility in both directions will continue. With some calling for continued exponential growth in the value of bitcoin while others believe it's a bubble waiting to burst, the market for bitcoin is sure to be exciting for the foreseeable future.

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                                                                                      Minexcoin ICO
                                                                  15 MEI 2017  -  13 JUNI 2017


                     Website      Karunia      Laporan Resmi     FAQ .      Facebook     Twitter


Apa itu Minexcoin?

MinexCoin (MNC)adalah sistem pembayaran global didasarkan pada volatilitas cryptocurrency rendah yang merupakan bagian dari ekosistem Minex. Berkat dari nilai tukar yang stabil, MinexCoin adalah suatu sarana yang dapat diandalkan dalam pembayaran, sementara harga koin dikendalikan sehingga membuat ketertarikan dalam penyimpanan nilai. Penahanan volatilitas dan pertumbuhan harga dipelihara oleh sistem algoritma gerak otonom seperti bank sentral, ialah MinexBank. Instrumen keuangan tersebut memperkejakan akan kemungkinan pedagang untuk mendapatkan dari marjin nilai tukar tanpa merusak ekosistem koin. Sebaliknya, mereka akan mendukungnya.

Platform Minex menggabungkan fungsi infrastruktur sederhana lalu aman dalam pengolahan untuk belanja dan operasi cryptocurrency online, pertukaran aset digital online, dan platform investasi.

Instrumen yang tersedia di Minex memungkinkan anda untuk menyimpan uang anda secara aman, menghabiskan uang dengan beberapa klik, dan bahkan mendapatkan pendapatan dijamin oleh hanya membantu sistem untuk tetap stabil.

Mengapa Anda harus bergabung

MinexCoin (MNC)berbeda dari alternatif koin lainnya karena kestabilan volatilitas rendah cryptocurrency, dengan pertumbuhan tahunan tetap. Pertumbuhan MinexCoin ini dipatok untuk pertumbuhan per tahun dari 10 cryptocurrency dengan nilai pasar tertinggi. Pada 2016 pertumbuhan telah diindeks di 33,6%. Tidak masalah jika Anda ingin menggunakan MNC untuk perdagangan, investasi jangka panjang atau kegiatan keuangan sehari-hari, dengan MNC Anda akan selalu mendapatkan nilai.
  • MinexCoin adalah suatu alternatif koin bisnis online namun tidak akan pernah kehilangan nilai jika mereka memilih untuk menerimanya sebagai alat pembayaran.
  • MinexCoin adalah mata uang yang stabil tetapi akan menguntungkan bagi investor menengah dan jangka panjang karena dikendalikan pertumbuhan tahunan dan bunga pembayaran untuk “parkir”.
  • MinexCoin adalah sistem pembayaran berkat volatilitas yang rendah ini cadangan cryptocurrency yang kuat dan akhirnya dapat diadopsi sebagai uang global.
Volatilitas yang rendah dan pertumbuhan yang stabil dicapai melalui algoritma pintar kita yang sebut MinexBank (karena tidak mirip dengan bank sentral karena mereka menjaga stabilitas mata uang nasional). Seluruh ekosistem akan diatur oleh algoritma kekuatan ini didasarkan pada formula yang telah ditentukan, yang ditulis oleh ekonomi secara profesional.

Bagaimana ini bekerja

Singkatnya, MinexCoin diatur oleh MinexBank - sebuah algoritma pintar yang mandiri mengambil tindakan untuk mempertahankan harga MNC di koridor diprediksi.

Instrumen utama MinexBank ini memerintah di volatilitas yang parkir dan intervensi.
Parkir berarti sementara menangguhkan sejumlah koin di dompet Anda yang akan memungkinkan Anda untuk menerima bunga. suku bunga akan berfluktuasi sesuai dengan periode parkir yang dipilih dan keseimbangan pasokan / permintaan saat ini, secara efektif menginsentifkan pada investor untuk parkir koin ketika pasokan mengalahkan permintaan di pasar.Ketika permintaan meningkat, suku bunga menurun dan investor insentif untuk menjual. Selain itu, MinexBank menggunakan cadangan sendiri untuk melakukan intervensi - menjual atau membeli MNC untuk mengurangi tekanan pasar.

Baca laporan resmi kami untuk mempelajari lebih lanjut tentang algoritma.

Ekosistem Minex

Tim Minex Sistem bermaksud untuk melaksanakan fungsi perpanjangan Ekosistem Minex dengan memasukkan aplikasi seperti Minex Market, Minex Exchange, dan Minex Platform. Pelaksanaan produk mereka berusaha untuk memperluas bulatan sirkulasi koin , sehingga mendorong permintaan untuk itu.

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Memenuhi inti dari Tim

Boris Shulyaev (Founder, CEO) - pengusaha, ahli ekonomi profesional dan peminat blockchain. Boris memiliki salah satu peternakan pertambangan terbesar di Eropa.

Ruslan Babych (CTO) - memiliki minat yang mendalam dan pengalaman kerja yang luas di keuangan dan IT. Membuat jauh dari New York Stock Exchange untuk cryptoscene dan diatur pada pelaksanaan fitur terbaik dari kedua dunia dalam proyek ini.

Vladislav Zaychuk (Pimpinan pengembang) - ahli teknologi yang terpesona dengan teknologi futuristik. Menciptakan sebuah aplikasi membangun model 3D dari otak manusia untuk penelitian ilmiah internasional. Sekarang dia ke menciptakan model perbaikan keuangan global dengan Minex.

Daniel Shulyaev (Manajer komunitas) - Strategi penasehat PR. Baru-baru ini mengadopsi kepercayaan blockchain namun telah terbukti menjadi anugerah yang luar biasa untuk tim.

Untuk komentar dan umpan balik yang berharga kami ucapkan terima kasih :

Universitas Ekonomi Nasional Kyiv
S. Arzhevitin, Kepala Asosiasi Bank Ukraina
V. Lavrenchuk, Ketua Dewan di Raiffeisen Bank Aval
Alexander Solop, Ketua dewan pengawas di Asuransi Arsenal

Rincian ICO dan pendistribusian token

Kami telah berhasil melakukan putaran pertama ICO (Berlangganan), mengamankan pra berlangganan untuk 2 juta MNC dan membangun komunitas yang kuat dari investor.

Selama putaran kedua ICO hanya ada 150.000 MNC akan dijual. Tujuan dari Tahap Dua adalah untuk menentukan harga pasar dari koin segera sebelum memasuki bursa. harga akan dihitung sesuai dengan rumus berikut:

Y = ( X + Х1 ) / Z

di mana Y adalah singkatan dari nilai tukar pasar (nilai dasar dalam algoritma MinexBank ini); X untuk volume dana investor yang terlibat; X1 untuk volume mutlak bonus yang masih harus dibayar oleh peserta awal; Z untuk jumlah koin yang tersedia untuk ICO.
Tahap Dua akan berlangsung dari 15 Mei 2017 untuk 13 Juni 2017.

Bonus bagi peserta awal menjadi Dua Tahap:

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Koin-koin tersebut tunjuk pada distribusi dikalangan investor hari setelah selesai ICO ini.

Spesifikasi MinexCoin

MNCmerupakan turunan dari kode sumber bitcoin. perubahan tertentu diperkenalkan untuk melakukan pembayaran lebih cepat dan seluruh sistem lebih stabil.

Jumlah Total: 19 000 000 MNC
Block Reward : 2.5 MNC
Block rewards: 2.5 MNC
Hashing algo: Mars
Block size: 2 MB
Block time: 2 menit45 detik

Peta jalan
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