Tag: blockchain

Yeah! It another digest after some time out.

I wish I could keep to the title of the digest series with the daily tag use, but sometimes circumstance can act very naughty against personal goals.

Whichever way, it’s been fun writing about blockchain and crypto related stuff as I found a passion that would be hard to let go within the sphere.

Setting out with this digest series – my aim was to push myself to put something out there every day but I need to take things as it is presently and work towards being fairly independently (a day I can’t wait to experience) then I can start blaming my self more. Who knows ‘crypto might just be the mantle of liberty’ I so much crave.

Enough of the stories.

Let get into today’s digest.

“Silence after a sudden noise” – I couldn’t find a better phrase to qualify the present market condition. The king has chosen to fend off intruders by setting up some resistance at $4,900-$5050 marks. Tested many times but not broken, the fortress seems to be HODLing. It’s now a question of if the exhausted bears would finally surrender and run off into their jungle to allow the King expand his dynasty, or if they will keep fighting until there is no more legacy left in their veins.

Whatever their decision is, their time of merriment seems to be over.

It is understandable why they find it giving up so easily, no one could simply give up after colonizing a place of abundance for so long, the taste of the blood shed by longs still makes butterflies in their stomach, sustaining them even through the harsh winter without a single loss in meat mass.

Now, the juvenile bulls in their big numbers are waiting rather impatiently inside the fortress, picking up every meal they could to build up their strength for the upcoming great run, while their wearing fathers hold up the tiring bears over the walls.

This for sure would be a run that would go down in history, their numbers are that much terrifying.

Some discussions you should be part of.

Reddit

The HODL legacy persists among believers, demonstrated in different ways. This demonstration is truly explicit.

You must have heard of some crypto related suicide which may be very terrifying to your ears, but be ready to hear the shock of a life with the staggering number of suicide the 2008 financial crisis caused.

Undercover reports on bitcoin bull run imminency.

Another exit scam.

A crypto startup that developed wallet without private keys. Incredible!

Twitter

The launch of the widely awaited Binance chain.

English Premier league cryptocurrency sponsorship deal is gaining more exposure.

Russian operative used cryptocurrency at almost every stage in their online efforts to interfere in the 2016 U.S election.

Reports and Updates In The News

It is a famous story in the bible – the story of David and Goliath.

The small boy of few age from nowhere who defeated a full-grown Man with immense strength and reputation. Growing himself to become a great king that ruled a big kingdom.

This story could be compared to a startup that developed so aggressively to become the industrial leader disposing all Goliaths that ruled for many years before its birth.

I am talking of no one but the Binance exchange. The leading exchange that seems to be running on a non-extinguishable volcano.

Binance took the industry by storm, setting new rules and examples as it progresses upward. Now, the company standards are being considered as a template for future developments by other exchanges.

When it comes to marketing Binance is exceptional, talk of the product; the company knows exactly how to mould its mole, what of a sustainable community and growth, they perform incredibly.

As part of its development, Binance recently launched its scalable mainnet chain migrating it token from the Ethereum chain which swap will commence on the 23 of April.

Right before it gets started, a project “Mithril” whose focus is on social mining i.e the act of rewarding content creators by the community of readers and curators, has already taken a spot as the first project to migrate to the Binance chain.

Read more about this migration now on Cointelegraph.

Take Your Crypto Privacy to Another Level

Traditional services we have been accustomed to are making the slogan “be your own bank” a hard nut to crack for the majority. If any crypto follower would tell about his/her greatest challenges, keeping and safeguarding private keys would make the top of the list.

Rewiring from the addicted old ways of trusting centralized services with our wealth and property demanded more mindfulness than we are ready to give.

But our negligence comes with the price of dashing away our magical money straight to the mouth of the masked wolves.

Mostly, the simple mistakes we make comes from the pattern of our behaviors when dealing with these digital assets rather than the direct theft of the coins from our physical devices.

This guide is meant to show you some little steps and precaution you could adopt to strengthen your privacy and improve your online behaviors when it comes to crypto dealings.

Read the guide now on news.bitcoin.com.

YouTube

Crypto market update from Nugget’s news.

https://youtu.be/J0962fVmspE

Other updates and reports in the news

Poloniex supports Tether USDT on the Tron network.

Maker holders debate on whether to raise the stability fee for the DAI stablecoin.

Bitcoin SV is struggling with its large block size after a series of block re-structuring. 

Research shows some America retirees hold some bitcoin while the majority haven’t heard of it before.

Potential benefits and drawback of central bank owned cryptocurrency outlined by The Bank of Russia.

Coinbase saw 60% less than the forecasted revenue for 2018.  

IOTA and Evrything are providing their solution to aid transparency in the supply chain consumer goods sector.

Enjoy this meme as I round up this digest. 

Sourced from a Reddit post.

Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest.

Cheers 🙂

Disclaimer

The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein are linked to their respective sources without being taking word for word except in quotes and references.

We often want it so badly that we ruin it before it begins – Random quote.

Yes! It another beautiful day in the fantasyland of cryptocurrency. As a common saying goes ‘a single day is like a month in the cryptoverse’. Personally, I strongly disagree with this during a bear market as the frequency of time you get to keep on checking your portfolio decrease significantly. Well, maybe day-traders won’t agree on this but this is the reality when it comes to investors and swing traders. 

With the recent positives about a bull run being around the corner base on past weeks price spike; I think this saying kind of tally when the bulls are in their full burst. Tempo is raised, a subconscious alarm is set to get up from the bed as earlier as possible, urgency and emotions overshadow the sense of rationality and calculated move/risk.

Cryptocurrencies price are very unpredictable to forecast and require some bit of luck or would it be appropriate if I say “patient”.
I think it more of the patient. Like many investment legends would say: most successful trades are executed after a long waiting period when an opportunity just turn up out of the blue. Don’t take my generalized text for it.

Jesse Livermore has something to say regarding this.

After spending many years in Wall Street and making and losing millions of dollars I want to tell you this: it was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting right!

Source

So what exactly am I trying to point out from this chunk of words? Note – I am no near the position of giving advice on this but if you would take from the word of experts. Then, I think “Patient” is what I could call the action word that sums up this opening context.

Patient; when those bulls are on a fast run so you could make calculated move to dodge their sharp horns.

Patient when the charge upward is so fast your two legs can hardly keep to the ground.

Patient to see the clear picture and determine if the trade is right for you.

Patient, Patient, and Patient!!!But that doesn’t mean the sense of urgency should be lost. Time is essential after all.

Alright.

Let dive into today’s digest.

Discussions you should be part of

Reddit

The pressure to delist BCH SV got more intense as more influencers are bashing on Craig Wright Satoshi claims.

Some of the exchanges research show to be involved with fake volume.

This project claims to enable the use of Lightning Network by the masses in the foreseeable future.

Youtube

Jamie Dimon testifies about blockchain, cryptocurrency, and consumer security. https://youtu.be/cwDVjIRkklU

Twitter

A very positive tweet about the unrestricted fund transfer using cryptocurrency.

CZ annoyance about Craig Wright claims got really severe.

Some Report and Updates in the News

There is no doubt Ethereum up the game to another level entirely. As much as the introduction of its smart contract brought about many use cases never thought before. Ethereum suffers from huge scalability problem that befalls its predecessor “Bitcoin”.The limitation to scaling according to the fair demand puts the system in a very tight spot of being continually widely used. It would have been the perfect option to tackle this problem right from the core system design, but what is done is done.
In other to remedy this challenges Ethereum is now considering several smaller hard forks.Read the in-depth news on Cointelegraph.

Now, even cryptocurrency wealth can be passed on to offspring.

Only goodness can imagine how much crypto wealth has been lost into oblivion, somewhere on the block(s) of a blockchain but which can never be moved or spent again because of the death of the owner whose private key was buried on the surface of the earth along with him/her.

Cryptocurrency is gaining more and more popularity as a financial tool with different purpose of acquisition, which may be as a payment means, a store of value or long time investment.

People are starting to realize how difficult it is to be pass on without the access to the private key(s) which is generally advised to be kept secret and at different locations making it even more difficult to be discovered by a kin.

One of the fascinating characters of humans is the ability to always making efforts to remedy a problem. Now, many projects are coming to the surface to tackle this issue.

In the news – this project allows crypto inheritance in particular BCH to be passed on to kins. Read about the exciting project now on news.bitcoin.com

Other reports and updates in the news.

Formal engineering executive of PayPal and Google to join the team of the more-awaited Bakkt platform.

Impact of Telegram and Facebook cryptocurrency coins on mass adoption and finance.

Blockstack – a decentralized computing network applied to the U.S securities and exchanges commission to launch a $50 million token sale.

China share plans to curb the mining industry within her region, how will this affect the industry?

Coinbase senior executive is quitting his job after being with the company since 2015.

This digest concludes at this point. Endeavor to always surf around media and discussion rooms to keep up to date.

Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest.

Cheers 🙂

Disclaimer

The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.

According to Luke Nosek (Co-founder of Pay Pal) – PayPal mission was to create a form of digital money that would live on the internet and move across borders, independent from banks and government.
This mission failed to materialized after oppressions and regulations forced the company to restructure its plan and operations, exposing the side-effect of a decentralized move with a body of pioneers who could be identified or held responsible.

In today’s digest, I will write a short briefing about why it is disastrous to have a central point of governance in a mission-focused decentralized establishment before we look into some recent updates.

One of the mysteries surrounding the creation of Bitcoin is why the pseudonymous creator under the name “Satoshi Nakamoto” never revealed himself and later disappeared into thin air after few years of nurturing his juvenile creation poised for something great.
Looking at the whole picture more logically, one would realize Satoshi decision to maintain this status is a very smart move. 

Hardly, there is no establishment that could never to subjected to government rules. As mentioned above with PayPal. Identified individual leader of an autonomous organization is a weak spot that could easily be attacked by the sovereign power if such establishment begins to pose any threat to their authority.

Now, the question is; should blockchain projects with a decentralized mission have a central governing body?

Asking this question, what quickly comes to mind is; how could there ever be a system or product without its designer(s)?.
Well, it quite impossible. As far as the human understanding can comprehend “there is no creation without its creator”.
So, how could a true decentralized move be established?

In my own view, a blockchain project with a focus on building a decentralized ecosystem hosting of dapps and fundraisings like Ethereum, EOS, and co may maintain a structure of a central governance in the core product development, but should try as much as possible to maintain a distributed network of nodes(actual system hosting database) with no central control or access.

On the other hand, any blockchain project whose mission establishment is to provide an alternative means of money in payments and settlements would have a hard time surviving under the nose of the government and so should try as much as possible to remain in the background.

The ability to print and control money supply is a precious mantle of power wielded by the governments, in that knowledge; Satoshi disappearance gave a good chance to the survival of Bitcoin to potentially “change the world”.

Some discussion you should be part of.

Reddit

Eric calls for basic Ethereum Foundation transparency.

This is Exquisite! Do you know you will be able to buy a domain with your EOS name in the future?See what people are saying about this.

A good reason why people need to drop their Ether coins for EOS.

Twitter

Do you agree with this tweet by CZ on blockchain and AI being the tools to fight crimes?

How Traditional Stock Market can accelerate cryptocurrency adoption.

High school students being inspired and exposed to blockchain tech. Cool stuff.

Reports and Updates in the News

The notion of a cashless policy was actualized by the introduction of credit and debit cards. The ease of having your entire savings no matter how big or small directly linked to an 8.5cm plastic flat card is so admirable. It has revolutionized how we handle money. Bringing about new niches in existing businesses. Online businesses were benefited the most. Providing a win-win situation for customers and businesses.

As a process which relies on the use of software and protocols including the internet, it would make a perfect fit to establish additional territory by propagating the use of digital currency or cryptocurrency in payments.

We have seen different kind of project propose or implement this solution, but only a few get fairly adopted.

Busting over the net in recent reports is the Coinbase introduction of a Visa debit card which is able to allow a user with an account on Coinbase spend his cryptocurrency holdings with the exchange in different shops. Read the bullish news now on Coindesk.

EOS to the gig hustlers’ rescue.

If there is any industry that urgently needs the application of blockchain in its operation then, it is the freelance industry. Service providers are been cheated in a lot of artistic ways. 

• There is a deduction fee of up to 25%.

• Payments of work done take some while to be received.

• There is an absence of a fair level of exposure.

Blockchain through proper implementation can address the above-mentioned challenges.

By its funding capabilities and development of a scalable efficient system, EOS took part in a recent funding round conducted by Moonlighting to continue aggressive development of its freelance platform. This move prompted Moonlight to strike another big deal by moving its 700,000 freelancer profiles to the EOS network with individual profile getting linked from the EOS system to the Main database through hashes. Read the in-depth report now on Coindesk.

Other updates in the news

Mozilla beta version of Firefox now blocks web-based cryptojacking.

Augur launch support for DAI stablecoin as part of the major upgrade to its platform.

PewDiePie to begin streaming on the blockchain-based video hosting provider Dlive from April 14.

Telegram launched the private beta of its open blockchain network.

Put some grin on your cheek with this meme as I conclude this digest.

This meme is sourced from a discussion post on Reddit.

Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest.
Cheers 🙂

Disclaimer

The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.