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16may2017



Ripple is towards Banks, Stellar is towards consumers


give us your view on this

Read More Read More, Posted by: FreeSpeach
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The distributed payments network Stellar has announced it will create a for-profit spin-off dedicated to helping big players integrate its software.
The new project, dubbed Lightyear.io, will allow for growth of the Stellar ecosystem while allowing core progress to remain with the extant development team.

“This is not just a business opportunity but also will greatly accelerate network adoption, increase the overall utility of the Stellar network and overall will be very positive for the ecosystem,” Stellar founder Jed McCaleb wrote in a blog post.

“But…this isn’t what [Stellar Development Foundation] was designed to do. These activities are much better served by a dedicated for-profit company and that is why we are setting up Lightyear.io.”

Prime targets of the splinter company are big banks, a partnership with which will take Stellar to a new level of mainstream functionality.
“Lightyear won’t be a privileged actor in the system and no one will be forced to use it. We expect other companies will come along to compete with it,” McCaleb continued.

“SDF will continue to implement its technical roadmap for stellar core and horizon.”
Stellar’s Lumens token has seen unprecedented growth in value over the last month. Itself an offshoot of Ripple, the latter’s own surge could go some way to explaining Stellar’s new vogue among investors.

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Read More Read More, Posted by: Rufus
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Quote:Cryptocurrencies are booming more than ever, popularity and trading volumes are rising and more and more new alternative currencies are being created all the time.

That's why I have decided to start a new series on my Steemit Blog : introducing Altcoins that are either new or have gained a lot of popularity recently!

The past 2 weeks have been incredible for the crypto world - many different currencies were reaching all-time highs and increasing several hundred percent over just a few days.
One of these coins was Stellar Lumens, with a total increase of approx. 500% in the last 7 days only.

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Overview

Network: Stellar

Currency: Stellar Lumens (XLM)

Market cap: $ 290,000,000 (Top 9)

Current price: around $0,030

Founded: 2014

Mission Statement: Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.



[Image: h9B7eR0.png]


Although Stellar was created in 2014 and is not an entirely new currency, it has gained massive popularity in the last few weeks.
Stellar even became the cryptocurrency with the 9th largest market cap (just one spot above Steem, #10!)
Stellar is a platform that describes itself as "The Future of Banking" - their aim is to provide almost-instant, secure transactions with low fees.


Quote:“Stellar.org is one of a new breed of tech non-profits whose ambition is for technology to help solve some of the world’s most intractable problems such as global poverty and climate change.”
-The Wall Street Journal about Stellar-
[Image: Ye3eCO3.png]


Stellar and Ripple
There are many similarities between Stellar and Ripple, and price fluctuations often seem similar for these 2 currencies.
Why? Stellar was created by the same developers of the Ripple cryptocurrency.
When Stellar first launched in 2014, it was even based on Ripple's protocol.
But in late 2015, the Stellar Development Foundation then updated the protocol with a new consensus Algorithm, with an independent new code.


Lumens Giveaway
Stellar decided to give away 95% of its lumen tokens when the network was established.
Quote:95% of the lumens created when the Stellar network began will be given away to the world. 5% remains with Stellar.org for operational costs. Stellar.org designed the giveaway program to ensure that lumens are given away to diverse groups: - 50% to individuals who want lumens - 25% for nonprofits to reach underserved populations - 20% to bitcoin holders
Why? On their website, Stellar explains that they have come to this conclusion to expand the reach of the network and to achieve a more "inclusive" digital economy by giving away some of the tokens for free.
The last giveaway round took place on march 28, 2017 where tokens with an approx. value of $16 million were given away for free to bitcoin holders.



[Image: giveaway2-1.png]


Conclusion
Stellar is a cryptocurrency that aims to connect banks with people, and offer its users a near-instant, secure payment gateway.
It is similar to Ripple in both their mission and their price developments, it's created by the same developers but is now an independent currency.
Stellar has experienced a price increase of over 500% in the last 7 days and has achieved the 9th largest market cap in the world.




Do you own, hold or trade Stellar Lumens? What are your experiences / thoughts?

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Read More Read More, Posted by: exclude
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Today we are shifting our focus to financial inclusion in the Philippines. Today’s interview features Bloom Solutions out of Makati City, Philippines. Bloom Solutions has extensive knowledge of the country’s remittance landscape and the barriers to providing financial access to its unbanked communities. Their interview paints a clear picture of the struggle that Filipinos go through every day to send and receive money and the solution they are putting in place to alleviate the problems for both remittance centers and their clients. Enjoy!


Tell us about your organization? What project are you working on?
Bloom Solutions is a financial technology company. Our first product is a remittance platform that uses Bitcoin, among other forms of money, as a means of value transfer. Our partners, typically remittance companies abroad, are able to send remittances instantly via API calls.
Our second project, which uses Stellar, is called BloomNet. BloomNet is in its pilot phase. The intention is to create a domestic settlement network for remittance centers, which is the primary method Filipinos remit their money. Roughly 3 out of 5 Filipinos do not have bank accounts, allowing these remittance centers to find a good niche in the remittance space.


What markets/customers are you currently serving?
We intend to connect the different remittance centers with a settlement network to give the unbanked Filipinos a better way to send and receive their money.


What problem are you solving for these customers? Why is it important?
Today, remittance companies are isolated from one another. There are peering arrangements between some of these companies, but they are ad-hoc and different for every arrangement. These peering arrangements are cumbersome to implement and sustain. Moreso, it’s inconvenient for the sender and recipient. If you want to send money to a relative in the province, you will likely have to coordinate to find a branch close enough to both of you.
On the other hand, members of BloomNet would be able to deposit money and get an equal amount of Bloom tokens in return. These tokens are used to send and receive remittances in the network. These tokens are used like digital money within the network. When a member sends a remittance, they have to spend tokens to do so; when a member receives a remittance, they get paid in tokens.
BloomNet helps alleviate the problems for two kinds of customers: (1) the remittance center companies and (2) their clients.


Remittance Center Companies:
  • Leverage the network effect. Through joining the network, companies effectively expand their reach, giving more reasons for senders to use them.
  • Simpler integration. With BloomNet, they would simply integrate with one API instead of dozens of APIs.
  • Instant settlement at the token level. Currently, for every peering arrangement, settlement is done at the end of a period (like a month), and the reports of one company often differ from the other. With BloomNet and the Stellar blockchain, the tokens passed around mean instant settlement at the token level.
  • Single settlement of Philippine Pesos and PHP tokens. If a company sends more remittances than they receive, they will end up exchanging Pesos for PHP tokens. If a company receives more than they send, they will end up exchanging PHP tokens for Pesos.

Senders and Recipients:
  • Convenience. Recipients do not need to look for the branch under the same company that the sender used. This can mean avoiding hours of travel.
What is the biggest barrier to providing financial access to these communities?
The Philippines is famous for its 7,107 islands. This works against any endeavor that requires physical distribution. It is not uncommon to have to travel a couple of hours by boat and land just to claim a remittance.
Cash, being a physical object, falls under this constraint. A remittance of PHP 500 typically costs PHP 30. It’s understandable, too: these remittance companies need to have stores all over the country, agents to keep them open and count money, and a delivery network to deliver physical cash.

What efforts are being put in place by Government and others in your region to drive Financial Inclusion? Are there regulations, targets, initiatives specifically geared towards Financial Inclusion?
Fortunately, the Bangko Sentral ng Pilipinas (or “BSP” – Philippines’ Central Bank) frequently reports on this. The latest one can be found here. There are many initiatives, from increasing the reach of the financial institutions to financial education.

Anything you find particularly exciting?
As it is closely aligned with our work, we keep an eye on developments around the National Retail Payments System (NRPS). NRPS is a set of guidelines set forth by the BSP for the industry to implement. These guidelines envision electronic payments of bills through financial institutions to companies and relevant governmental institutions (like our tax authority).
Relative to other countries, the BSP seems to be doing well. They have initiatives and report on their progress. It also seems that they understand that adding more regulation will make things more expensive for the companies that provide services to the underserved.

In your opinion, what are the key variables that need to be put in place to solve Financial Inclusion in your regions?
The key variable is our ability to get past geographic limitations. With 119% SIM card and 40% smartphone penetration, the road has been paved for digitization of money. We no longer need to convince others to buy mobile phones – we just need to make these services available on their phones.

What does financial inclusion mean to you? Why is it essential to the next financial infrastructure?
Financial inclusion means giving people the chance to access financial services. It’s essential because it gives people more options, and typically allows them to save more time and money. By making it cheap or almost free for the underserved, everyone will benefit. With cheap and efficient payments, operational costs for companies and the government will go down as well.

How will digital innovation expand access to underserved communities? How are you using new technologies to achieve this?
Though BloomNet does not aim to interact directly with the underserved, it will fill gaps needed for digital money.
What we need to do is to continuously close gaps. Between filled needs is a gap of opportunities. If we attempt to close all gaps at once, then even the largest of companies would stretch its resources too thin. Adding remittance centers is a relatively small gap that has immediate benefits.

What challenges (technical, regulatory, acceptance/adoption etc) will need to be solved in order to provide access to the digital economy for these communities?
While the Philippines claims to have invented e-money, adoption has been disappointing. It’s important to know why rates of adoption are low and learn from them. 
Here are some reasons:
  1. Cumbersome registration. For people to even use e-money on their phones, they have to register. Registering means visiting a mobile center, filling up forms, submitting documents, and spending roughly half a day in total. It doesn’t matter if you only intend to put 200 Pesos (about $4 USD today) – you had to fill up the forms.

  2. Few stores accept it.

  3. Not interoperable. You cannot send e-money from one mobile carrier to another
It seems that e-money should behave more like cash. It is ludicrous to expect people, especially if they are from the countryside, to go to some office at the center of town and register themselves before they are allowed to receive paper bills. Why do we expect mobile money to be much different?

What role should regulatory bodies play (if any) in bringing new digital technologies (i.e. blockchain etc) into mainstream financial services?
I would like to see the regulatory bodies place even a lighter hand on regulation, especially for personal consumption. I do not expect them to innovate, but if they want to include more people in the financial space, they ought to understand that every burden placed on the financial institutions, justified or not, means fewer people included in the financial system.

If blockchain will do to the financial system what the internet did to media and commerce, who do you see as the emerging key players in this future digital economy? How should existing players – banks, microfinance institutions etc. – position themselves to take advantage of the new digital economy?
Blockchain technology grants many efficiencies due to its transparent and programmable qualities. Every efficiency lowers the cost of operation on both the regulatory and commercial aspects.
Incumbents move slowly and are less likely to adopt new technology. They are also likely to give away business as the margins become too small for their operations.

I think banks will still play a major role – but perhaps less so in personal banking, and more in corporate and investment banking.
Functions like lending, remittances, and bills payments will become scattered across smaller players that do each of these things well. Just think of Amazon, which dominated online book retailing before Barnes & Noble could react.

If the incumbents want to increase their chances of staying alive in these markets, the biggest chance I see they have is to lower costs by adopting these technologies before the new Amazons hit the ground running. This is certainly easier said than done because it’s partly a cultural shift. In this scenario, I would take the advice of Clayton Christensen and create spin-off organizations that play in this new space.

There is little debate about the future of blockchain tech: it is the direction we’re going. If it is given enough room for innovation, it will be used by companies to get the rest of the 2.5 billion people on board the financial system we take for granted.[color=#5b6a72]

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Read More Read More, Posted by: exclude
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I'm back after a long week off the charts, I've been focusing on new educational content for my private students and I bought a new car so I've been extremely busy, apologies for being inactive! 


Today we have STR/BTC on the 1h chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview. 

As you can see we have just experienced a move from 0.00000400 to 0.00004900 within just 3 days which is around a 1000% increase in price. 

This is extremely similar if not, the exact same as my analysis for ripple during April 2017. 

[Image: UvXEgE7p_big.png]


Currently, price is trading in between the 0.50 and 0.786 retracement levels, if we see a break of the 0.50 resistance level we will be heading straight for 0.00005000, thus providing an excellent opportunity to buy! 

Now taking a look at the 30m chart below, we are holding a great structure whilst respecting the 0.50, 0.618 and 0.786 retracement levels, keep an eye on the trendline for an entry point on the move up. 

[Image: PErjyzk8]


I wish you all the best in your trading, feel free to connect with me below!

16 May
Comment: Well, that happened sooner than expected.

Next target is 4900, see you at the top.

17 May
Comment: Here is what I see going on right now, price is respecting the upper trendline, we may see a temporary drop followed by another big move up.

[Image: v5G5wxYW]

12 hours ago
Comment: To all those panic selling this is a heavily manipulated and volatile market, you need to get used to these kinds of drops in price.

[Image: YrGAIFJW]


Always analyse the chart, you can clearly see we are still making higher highs and higher lows.

Price failed to close below the 0.618 retracement level, I'll be watching this closely over the next 24 hours.

9 hours ago
Comment: Price failed to close below the trendline and 0.618 level again, keep watching this price structure closely.

[Image: PVaLvf0M]


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Read More Read More, Posted by: exclude
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Stellar-Abuja Meetup is for blockchain enthusiasts who are looking for the platform to deepen their understanding of the technology that provides decentralized control, low latency, flexible trust, and asymptotic security. The Meetup will include presentations, question/answer sessions as well as opportunities for informal interactions. It promises to be a smooth blend of both education and fun.

Read More Read More, Posted by: arizal
STR Stellar: Ripple’s Little Brother. You can see positive correlation between the two coins. Stellar and Ripple share the same technology, Stellar seems to be little more decentralized. Stellar started a move from the level of 200 Satoshi (yes, little less than 1400% in a short time …) and this is with massive growth in trading volumes. Worth paying attention.

[Image: STR.jpg]

XRP Ripple: Following our previous reviews, Ripple has gained hundreds of percent, which for now seems far from over. News reports have not stopped appearing often, this news is from the last few hours. The price is currently around the all-time high level. The graph shows upcoming resistance:

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Read More Read More, Posted by: Grimm
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Barclays Africa Group has a market penetration problem.
Though its parent company, the $1.8 trillion-asset Barclays PLC, has had operations in Africa for more than 100 years, today Barclays Africa has only 12 million customers, about 1% of the continent's total population. Clearly, said Stephen van Coller, Barclays Africa's chief executive for corporate and investment banking, "you've got an opportunity to bank significantly more people than you currently are banking."

But to reach the other 99% — to bank the next billion customers — will require more than marketing efforts, more than simply better outreach, van Coller said. It will require building an entirely new bank, a "virtual bank" that will strip out legacy costs and offer new products and services, such as faster, cheaper payments, tailored to the needs of people at "the bottom of the pyramid."

Related For more than a year now, Barclays Africa has been engaged in building this bank, partnering with Deloitte and various fintech startups to get it done. At a time when bank profits often seem to depend more on reducing costs than on growing revenue, Barclays is taking a long-term view: that a dramatic improvement in its bottom line depends on plugging the unbanked en masse into the global economy.

"If you can create financial inclusion for the 80% of the [African] population that doesn't have financial inclusion today, imagine what that does to the GDP," van Coller said. "And if I can grow the GDP, even if my business does nothing better, I'll grow my business."

Barclays' effort to bank the unbanked has implications far beyond Africa. Some 2 billion people worldwide have little or no access to banking services, and many live in countries where Barclays already has a presence.

The bank's attempt to rethink its business from the ground up, though still in utero, could have even larger implications. The virtual bank, when fully developed, is intended to replace the existing core banking system and its attendant cost structures. It will serve not only the formerly unbanked but existing customers as well, starting at Barclays Africa.

"A lot of banks have innovation labs, and a lot of banks are spending money on [fintech] experiments, and a lot of those experiments are focusing on digitization and efficiency," said Thomas Jankovich, the financial services innovation leader at Deloitte, who has worked closely with Barclays on the initiative. "Barclays is doing something unique with the virtual bank, where it is entirely reimagining and re-platforming the concept of what a bank is."


A New Approach
With all banks struggling to find new revenue streams while trying to adapt to customers' ever-changing preferences, Barclays attempt to build a virtual bank alongside a traditional one is likely to be watched closely by other institutions. But building a new approach to banking is not like coding an app. It doesn't happen overnight.

Barclays' initiative emerged out of a months-long program that Deloitte was running on its behalf. Its aim was to forecast the future of the financial services industry and create a growth strategy to capitalize on it.

After priming the pump by immersing Barclays executives in the techno-futurism of Singularity University, a Silicon Valley think tank, Deloitte's team came up with a list of more than 100 new business opportunities. It narrowed the list down to eight and began to develop four of them into real ventures.

The first to be executed, in March 2014, involved Barclays taking a 49% ownership stake in RainFin, South Africa's largest peer-to-peer lender. After working with the bank to refine its credit model and marketplace and expanding loans to small businesses, RainFin has increased its daily lending from about 400,000 rand, or $26,000, to well over one million rand, according to the company's CEO, Sean Emery.

Two of the other business concepts are still in stealth mode. The final idea, said Jankovich, was for Barclays to create a streamlined virtual bank. It would have "extremely simplified processes, simplified architecture and simplified products" that could scale massively and cheaply. It had to be able to handle 1 billion customers — and do it for less than 10% of the current cost per person.

Traditional banking processes, it became clear, were irrevocably mired in legacy costs. So Deloitte began looking for fintech startups that could help the bank achieve its goals.

The move made sense: The virtual bank initiative itself is being run like a startup within the larger bank. An initial team of 14 soon grew to more than 70 people between the U.S. and South Africa.

And like any startup, it has faced resistance or incomprehension from more hidebound executives.

"There's a lot that has to be done just to keep the bank alive," van Coller told an audience at a conference in New York earlier this month. "So people are reluctant to spend too much money on innovating. There's always the naysayers trying to stop you."

His perseverance is due to his belief that pretty soon banks will have to start changing how they charge their customers. Take foreign exchange, he said. Currencies are swapped electronically now, yet banks are still charging the same fees to exchange them as they did in the old days of paper bills. This won't last.

"There are going to be components of the virtual bank that will just not earn income in the way that the old bank did," Jankovich agreed. "That requires some very difficult conversations, where you're basically making a conscious decision to say, 'We used to charge for this, and it used to make us a lot of money, but in the future it has to be free. So let's just go and make it free now.' These are not small decisions."

Moreover, the unbanked are unlikely to be interested in the same products and services as existing, relatively affluent customers. "If you're trying to solve for your current architecture and your current clients and your current products," you're on the wrong track, said van Coller. The opportunity lies elsewhere.


Email for Payments
Van Coller is betting that one of the areas in which old fee structures will no longer be tenable is payments.
With that in mind, Deloitte turned to a nonprofit blockchain startup, Stellar, to build the payments component of its virtual bank. Much like bitcoin, Stellar is a decentralized, peer-to-peer payments network. But whereas only bitcoin can be sent through the bitcoin network, Stellar's payment rails work for ordinary currencies.

In an era of new payments technologies, banks will have to compete by growing their customer networks and slashing their fees, van Coller said. "If you assume that payments are tending to zero, you need massive scale."

In other words, Barclays hopes to make up for the drop in fees by enormously increasing its volume of transactions.

"The goal with Stellar is to make payments work the way that the internet works — to be an email-type analogue for payments," said Jed McCaleb, Stellar's co-founder and chief technology officer.

Just as it's no trouble to send an email from a Google account to a Yahoo account, McCaleb built Stellar to allow the instant conversion of one currency into another. So money being sent from a Londoner's bank account, denominated in pounds, would arrive in the form of rand in a South African's bank account — in a few seconds and for practically no cost.

"If I want to send money to London using my bank account, that will cost me $25 and take five to seven days," Jankovich said. With the Stellar-powered prototype, by contrast, "we can do it in less than six seconds and for less than one U.S. cent."

When British banks, including Barclays, set out in the early 2000s to build a real-time payments system, it took years of consensus-building and development before the system, Faster Payments, finally launched in 2008. The initial prototype that Stellar built with Deloitte took just four weeks.
The "no-brainer use case" for the new technology, said Jankovich, is cross-border payments, because those transactions carry the highest surcharges and are the most painful for customers.

"The stuff we're working on makes payments better everywhere," McCaleb said, "but it makes it way, way better" in the developing world."
There is a mobile app for the prototype, and the technology will also work on feature phones, which are still common in many parts of the world. Deloitte revealed its partnership with Stellar last month, though at the time it didn't identify which bank had commissioned the project.

Van Coller said that Barclays does plan to charge for payments made through its virtual bank, and that at scale it will make it a lucrative service. Its fee model for the prototype was based on 10% of what the bank currently charges.

A test of the prototype found that it could process 36 million transactions an hour using Google cloud servers, van Coller said.
"We've got massive confidence in the underlying Stellar protocol and its ability to handle volume," Jankovich affirmed.

Barclays is now in the early weeks of a pilot program for the technology, making it available to students at select Johannesburg schools. The pilot began after one of the schools approached Barclays looking for an electronic wallet to use in its digital-learning program. "It was just by chance that we stumbled into it," van Coller said.

Barclays has no intention of stopping there, of course, nor does McCaleb want to stop at Barclays; he hopes to plug plenty of other financial institutions into the Stellar network. That's fine with van Coller, who said it was never Barclays' intent to be "100% owner of the platform."
Barclays is also in talks with one African government that wants to run its own pilot of the payments platform.

"My personal view is that every government should be building this," van Coller said, comparing the payments network to transmission lines for electricity. "It's almost like a public asset. Theoretically, every government should have low-cost payment rails within the country."


'From a Telegraph to an iPhone'
Along with the payments platform, several other components of the virtual bank are also complete, at least in prototype form, including a digital "vault" for customer identities. But most of the components won't be debuted in isolation.

"We should start making it real, as the next step, with up-and-running applications that actually work," Joe Guastella, Deloitte's U.S. managing director of financial services, said at the Consensus 2016 blockchain conference in May. "We are now anywhere in between tomorrow and 18 months from now for something to actually happen."

When the virtual bank does launch, said Jankovich, it will be "like going from a telegraph to an iPhone." Customers with accounts on the old system will be transitioned to the new platform. Exactly when this will happen is unclear, however, as is the expected date, if there is one, for applying Barclays Africa's innovations to the parent bank and its other subsidiaries.

"There will be a structural shift when the virtual bank is launched. But how and when that manifests, that's Barclays' decision," Jankovich said. "Whether they run two different versions for some time, or whether they create an entirely new brand that targets an entirely different customer segment, that's their prerogative."

But he suggests, somewhat ominously, that the changeover may be enormously disruptive for Barclays' workforce. "A virtual bank does not have scores of people doing a whole bunch of redundant things," he said.

Deloitte, for its part, isn't standing still. Having "cracked the code on how you match a very large, established brand and highly regulated bank with a bunch of very fast, very powerful but very small fintech players," as Deloitte believes it has, the firm is now offering its expertise to U.S. banks, Jankovich said.

In addition to Stellar, Deloitte has partnerships with a handful of other blockchain startups, including BlockCypher, Bloq, ConsenSys Enterprise and Loyyal.

The challenge is figuring out how to integrate blockchain and other digital applications into each bank's back-end system. But the pace of development is rapid nonetheless.

"We now have a global blockchain development capability," Jankovich said. "We've moved beyond prototypes. These are actually now 'accelerators' that we offer for clients."

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Read More Read More, Posted by: Grimm
khoản tiền thưởng này là kết thúc


[Image: attachment.php?aid=701]
t là một tin tuyệt vời, ngoại trừ các báo cáo khác nhau của bạn bè, rằng họ nhận được một quảng cáo EMAIL từ Stelar.org trực tiếp
bạn bè của chúng tôi nhận được 150XLM miễn phí ở đây là các liên kết  CLICK HEREvì vậy đây là một surprize tuyệt vời, đây là đồng tiền tiền thật
tut more surprize is I GOT MORE.. they send me 500 XLM, equivalent of $26 USD for FREE WOW...!!


here is the email i got=
[Image: attachment.php?aid=702]



HOW TO GET THIS?
no one really sure, because none of us remember what we do in the past, but there is few clues=
1. boys and girls, if you are expecting this reward too, then.. i suggest you often hangout and and grow our community at MyStellar.org 
because, there might a chance this forum database is used to send the extra rewards
2. also subscribe on this link CLICK ME, its on the community sections
   

if previously, you already do this CHECK, your emails NOW, Please write your comments below.. TESTIMONIAL




update please read below.. from stellar.org=
(25-05-2017, 04:09 PM)briangale Wrote:
Hello everyone,

Many people have asked questions about the invites that have been going out. Please note that only people that have received the invite will be able to claim lumens. Sharing invites with others will not allow them to collect the lumens.

Currently, only a small percentage of users will receive invites at any given time. And unfortunately, this means that not every account will receive invites at the moment, even if they are a real and active user. Emailing us or tweeting asking for invites will not help or cause you to get invites. We ask that people be understanding about this.

Khi chúng ta học được nhiều điều từ chương trình, hy vọng là chúng ta sẽ khởi chạy trong tương lai một số loại chương trình giới thiệu sẽ cho phép bạn nhận được lời mời từ những người bạn đang hoạt động trong mạng. Cho đến lúc đó, chúng tôi yêu cầu bạn hãy kiên nhẫn khi chúng tôi tiếp tục làm việc tất cả các chi tiết của các chương trình trong tương lai.


Nếu bạn nhận được lời mời từ chúng tôi và đang gặp vấn đề, vui lòng gửi email cho hello@stellar.org

Cảm ơn,
Nhóm sao

Read More Read More, Posted by: san2ok
[Image: dgb_splash.jpg]
I visit my favorite exchanger today the I see this coin I don't even know until we met today.  I just noticed dgb because I see it's price change with +195% wow the value just tripled in 24hrs.  If I just know this would happen I bought 100k units of this coin...

Read More Read More, Posted by: mmhaimhai
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Amid a flurry of negative publicity for bitcoin, technology advocates are trying to distance themselves from the digital currency as part of a bid to protect the perception of more enterprise-facing blockchain initiatives.

The change of public positioning follows an uptick in ransomware attacks using bitcoin as the medium of payment, the most recent of which (after causing major disruption within the UK's National Health Service and elsewhere) has sparked a global conversation.

At a briefing for congressional staff on Tuesday covering the potential uses of blockchain technology in the US healthcare system, the Chamber of Digital Commerce and a panel of other blockchain specialists acknowledged that the ransomware issue is again opening old wounds caused by the technology's association with illicit uses of bitcoin and cryptocurrencies.

In response, panelists sought to draw clear lines between the two technologies.

"A lot of these initial attacks have been on healthcare systems and healthcare companies. This has come onto our radar because the ransomware is asking for the ransom in bitcoin," Perianne Boring, president of the Digital Chamber of Commerce, told an audience of roughly 70 healthcare and technology-focused staffers from congressional offices.

Elsewhere, the panelists sought to categorize bitcoin as merely "one application" of blockchain technology.
Srinivas Attili, senior vice president and partner at IBM Global Business Services, told attendees:
Quote:
"Blockchain [gets] a lot of bad rap because of bitcoin, in my view. Bitcoin is just one application of blockchain, and you can have hundreds of applications of blockchain."

Blockchain good, bitcoin bad
Just how much regulatory attention is being aimed at bitcoin in the wake of the incidents is unclear, though a member of Congress introduced a bill Tuesday ordering the Department of Homeland Security to conduct a threat assessment regarding the use of virtual currencies by terrorists and criminals.

It's happened before, so advocates worry bitcoin's bad press will rub off on blockchain.

Attili drew the comparison to Amazon being just one among a countless number of businesses built on the HTTP protocol, and highlighted Hyperledger as a promising blockchain technology suite that he believes is isolated from any nefarious activity associated with cryptocurrencies.

"It's built for business. There's no concept of cryptocurrencies on Hyperledger," he said.

Yet, Micah Winkelspecht, chief executive of Gem, a blockchain solutions company, did defend bitcoin, asserting that it's serving a legitimate use as a means of exchanging value.

Winkelspecht said:
Quote:
"Bitcoin is to those types of attacks as the dollar is to the drug trade. Just because the dollar exists doesn't mean that it's the cause of the drug trade. Bitcoin is just a tool that these criminals are using because it is a good form of exchanging value. It's actually serving a really good purpose as an exchange of value. They are leveraging it as a tool."

"Blaming bitcoin for ransomware would be like blaming the Federal Reserve for any illicit transaction that happens in cash," Boring added.

Recasting the narrative
Still, the damage dealt by the ransomware attacks, compounded by past black eyes like Mt Gox and Silk Road, may cut deeper than many in the cryptocurrency community may wish to recognize.

Congressional staffers speaking privately after the event said the concept of blockchain must be, to all intents and purposes, disassociated from bitcoin to gain serious traction in the legislative arena.

Boring tried to flip the narrative by saying that, instead of blaming bitcoin for the attacks, there should be greater focus on the potential of blockchain to protect against ransomware and other cyberattacks in the future.

She said:
Quote:
"I would even argue that when we talk about protecting our healthcare systems or other systems that might be vulnerable to ransomware or other types of cyberattacks, that blockchain technology could be the silver bullet to protecting our infrastructure."

Winkelspecht concurred, arguing that blockchain could provide a better, more secure way to store data as hackers become more sophisticated in the future.

"Before, we used to see attacks that were more DDoS – they were attacks on infrastructure trying to bring systems down," he said. "Now we're starting to see more infiltration. They’re basically putting a ransom on data because that data is so valuable and they know that 
people will pay to unlock it."

Winkelspecht predicted that the next phase of cyberattacks will be "data integrity" attacks that involve breaking into a system and actually altering existing data in a way that "tricks" downstream systems.

"Those are the most dangerous and potentially the most costly types of attacks because you may not know it's happening for literally years," he explained.

The immutability of blockchain technologies, though, could be the only true line of defense against such intrusions, he said adding:
Quote:
"One of the things that blockchains can provide is an immutable proof of data integrity. We can guarantee beyond a shadow of a doubt that data has not been modified or changed.”

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Over the past year and a half Bitcoin has been on a spectacular run, rising in value 140% in 2016 and now an additional 49% in just the past month. This surge in value has invigorated Bitcoin backers convinced this boost in value makes Bitcoin a more credible currency, that it is a sign of the cryptocurrency’s strength. Yet the wild swings, both up and down, in the value of Bitcoin do not make it a more plausible substitute currency; they make it a speculative asset, a get-rich-quick scheme.


The most important feature of a currency is that it be a stable store of value. This credo, ably explained by Steve Forbes here (among many places), is vital for a developing country economy to attract the investment it needs. Even in developed countries, as John Tamny explained here on Forbes.com, a stable currency value is the key to investment because those who invest are expecting a stream of future earnings to earn back their investment plus some profit. Instability in currency values mean that an investor cannot accurately predict the value of those future earnings. This uncertainty makes investments less valuable; thus, less investment happens.

Over the past month the value of a Bitcoin has experienced an average daily change of 2% in value, sometimes down but mostly up. For comparison, over the same month, the exchange rate between the euro and the U.S. dollar had an average daily change of less than 1% and only changed 3% over the entire month. While Bitcoin was rising 49% in the past 30 days, it had seven days where its value changed by over 3%, more than the value of the dollar changed in the entire month. People don’t want investments or debts denominated in a currency whose value can change by 50% in a month.

Another basic feature of a currency, beyond being a stable store of value, is to facilitate transactions. Barter’s big drawback is it is inconvenient. It’s hard to make change and you must find two people who want to exchange goods; three or four way trades get complicated. Currency solves those problems meaning I can buy groceries without having to sell economic services to the supermarket. This convenience is why people moved from barter to currencies (and then from metal to paper, from paper to plastic, and from plastic to electronic bits).

Yet, to protect the security of the blockchain that makes cryptocurrencies like Bitcoin so secure, processing of Bitcoin transactions is very slow. In fact, because of a limit on the number of transactions which can be completed in a day, it sometimes takes days to complete a simple transaction. Resistance to changing these rules from people who mostly like the anonymity and untraceability of Bitcoin mean that Bitcoin cannot become a widely-used currency. Its very security negates its value in everyday use.

Given these drawbacks, the only reasons to own Bitcoins are not to use them as a currency, but to either speculate on their asset value or use them to shield transactions from others. Without a stable value Bitcoin cannot truly be a currency. Rather it is a commodity asset that one trades, like gold or silver, in hopes that its value will rise and yield a trading profit. There is nothing wrong with speculation; the actions of speculators help to add market liquidity and to determine the market value of assets. However, usually the asset being valued also has an actual underlying use: you can invest in gold or use it to make jewelry or electronic components. Bitcoins have no uses other than allowing people to hide wealth, conceal (often illegal) transactions, and make and lose money by trading them.

Clearly, from the popularity of Bitcoin, those limited uses still have quite a bit of value to a nontrivial number of people. I have no objection to these people’s use of Bitcoin for those purposes. However, people should stop expecting it to become a currency that ordinary people use for ordinary transactions. It is destined to stay in its niche as a way to hide things or speculate. A currency, Bitcoin is not, nor shall it be.

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Sandeep Goenka, the co-founder of Zebpay, one of India’s three leading Bitcoin exchanges, believes that Bitcoin price can reach $3,500 by the end of 2017.

Despite a few setbacks, Bitcoin price has maintained a strong rally over the past few months. While Bitcoin is struggling to re-enter the $1,800 region after it experienced a correction on May 11, on a monthly basis Bitcoin price has still managed to record a 30.8 percent surge, increasing from around $1,176 on April 16 to $1,700 on May 16.

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After recording a 30 percent monthly increase in value, Bitcoin price has continued to maintain stability in the $1,700 region for around two straight weeks. Such stability in value should be considered as an optimistic outlook on the mid-term growth of Bitcoin price.

Growing demand
According to Goenka, the current Bitcoin rally isn’t necessarily defined by certain events. In fact, Bitcoin price is able to grow at a stable rate because global awareness toward Bitcoin is increasing and the demand from institutional investors is rising.

Goenka stated in an interview:
Quote:
“Current bitcoin rally is due to increasing awareness and demand for bitcoins globally. Positive news of regulation in major countries like China, Japan and Russia have added fuel to the current rally.”

As Cointelegraph explained in a series of extensive analytical articles, Japan has played a key role in maintaining the strong rally of Bitcoin price. Japan has also established a platform for institutional investors by announcing Bitcoin as a legal currency. Such clarity on the regulatory side of Bitcoin and digital currencies in general allowed institutional investors and multi-billion dollar corporations to participate in the Japanese Bitcoin industry.

Japan’s ecosystem
Most notably, the $1.5 bln Japanese Internet giant GMO announced in January that it is officially entering the digital currency trading business and market by launching its own digital currency and Bitcoin trading platform.

“Just the beginning”
In a statement, the GMO Internet Group stated that it sees highly of Bitcoin’s ability to process both domestic and international remittances with low costs and fast speeds in a secure ecosystem, similar to the Bangko Sentral, the central bank of the Philippines.

Goenka reaffirmed that the Bitcoin exchange market and industry will see the entrance of more institutional investors by offering an entirely new investment category in digital assets. He said:
Quote:
“Since the supply is limited and demand is increasing, prices are moving upwards and touching all time highs almost every year. Bitcoins represent a new investment category called digital assets. This industry is exploding in usage and innovation. We believe this is just the beginning.”

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