Some of the Best Crypto-Currencies to Invest in Now for Free and Secured Financial Exchange

Posted on April 9, 2021 by dayat

Crypto-currency as a modern form of the digital asset has received a worldwide acclaim for easy and faster financial transactions and its awareness among people have allowed them to take more interest in the field thus opening up new and advanced ways of making payments. With the growing demand of this global phenomenon more,new traders and business owners are now willing to invest in this currency platform despite its fluctuating prices however it is quite difficult to choose the best one when the market is full. In the list of crypto-currencies bit-coins is one of the oldest and more popular for the last few years. It is basically used for trading goods and services and has become the part of the so-called computerized block-chain system allowing anyone to use it thus increasing the craze among the public.

Common people who are willing to purchase BTC can use an online wallet system for buying them safely in exchange of cash or credit cards and in a comfortable way from the thousands of BTC foundations around the world and keep them as assets for the future. Due to its popularity, many corporate investors are now accepting them as cross-border payments and the rise is unstoppable. With the advent of the internet and mobile devices,information gathering has become quite easy as a result the BTC financial transactions are accessible and its price is set in accordance with people’s choice and preferences thus leading to a profitable investment. Recent surveys have also proved that instability is good for BTC exchange as if there is instability and political unrest in the country due to which banks suffer then investing in BTC can surely be a better option. Again bit-coin transaction fees are pretty cheaper and a more convenient technology for making contracts thus attracting the crowd. The BTC can also be converted into different fiat currencies and is used for trading of securities, for land titles, document stamping, public rewards and vice versa.

Another advanced block-chain project is Ethereumor the ETH which has served much more than just a digital form of crypto-currency and its popularity in the last few decades have allowed billions of people to hold wallets for them. With the ease of the online world,the ETH have allowed the retailers and business organizations to accept them for trading purposes, therefore, can serve as the future of the financial system. Also being an open source the ETH assists in collaborating the projects of various firms and industries thus increasing their utility. Again unlike the bit-coin which is used for money exchanges in a digitalized network the ETH can also be used for multiple applications besides financial transactions and do not require prior permissions from governments due to which people can use them with their portable devices. The price of Ether has also remained stable and it avoids the disturbance of any third party intermediary such a

Posted in Uncategorized | Tagged , | Comments Off

The Catch-22 Of Legal Enforcement of Crypto-Currency Hacking

Posted on January 9, 2021 by dayat

The other day, I was discussing crypto-currencies with an acquaintance at our local Starbucks, and he let me know he was working with a couple of entrepreneurs who’d previously been academic experts in IT Security. Of course, for crypto-currencies it is all about safe transfer of the data, and the trust in the intrinsic value of those one’s and zero’s, or Q-bits. Perhaps, I might take a look at their business plan, although these digital currencies have had some bumps in the road to the future I am sure will be the future norm – that’s the way the world is headed it appears.

Does this mean we will have a distributive currency like distributive energy on the smart grid, or distributive information like the Internet? Well, humans usually do what works and there is both good and bad with centralization and with a distributive redundancy strategy.

Now then, what’s the latest you ask? Well, there are two articles I read not more than an hour after that meeting, as I was cruising through the information, I’d previously saved to write on this topic later; Marginally Useful – Bitcoin itself may fail as a currency, but the underlying technology is beginning to suggest valuable new applications,” by Paul Ford (February 18, 2014) and mind you this article was written just days before the Bitcoin theft from one of their top exchanges.

The other article was written by Naette Byrnes the day after those findings hit the newswires on February 25, 2014 “Bitcoin on the Hot Seat – A major bitcoin exchange shuts down, raising questions about the cybercurrency.” Are you surprised? No, me either.

The second article went on to state; “Tokyo-based Mt. Gox, once one of the largest exchanges of the bitcoin cybercurrency, stopped operating Tuesday amid rumors that millions may have been stolen from the firm and rising concerns about the long-term prospects for the unregulated digital currency. Other bitcoin exchanges quickly moved to distance themselves from Mt. Gox and assert that they were still open for business. The value of the currency itself dropped sharply to just over $500 by mid-afternoon. It hit an all-time high of $1,100 in November.”

What do you say to that? Ouch. Does this prove that the naysayers calling it a Ponzi Scheme were right? Do they get the last laugh, or is this just an expected evolutionary process of disruption as all the kinks are worked out? Well, consider this thought experiment I had.

Let’s say there was hanky-panky involved, let’s say someone hacked the system or stole the digital currency. Right now, digital currency flies under the radar as it is not recognized even with all the new Too Big To Fail regulations on banks, etc. How can a digital currency have value? Hard to say, how can a fancily printed piece of paper marked $20 be worth anything, it’s not, but it is worth what it represents if we all agree to that and have trust in the currency. What’s the difference, it’s a matter of trust right?

Okay so, let’s say that the regulators, FBI, or another branch of government interferes and files charges – if they file criminal charges that someone defrauded someone else then how much defrauding was involved? If the government enforcement and justice department put a dollar amount number to that, they are inadvertently agreeing that the digital currency is real, and it has a value, thus, acknowledging it. If they don’t get involved, then any fraud that may or may not have occurred sets the entire concept back a ways, and the media will continue to drive down the trust of all digital or crypto-currencies.

So, it’s a catch-22 for the government, regulators, and enforcement folks, and they cannot look the other way or deny this trend any longer. Is it time for regulations. Well, I personally hate regulation, but isn’t this how it usually starts. Once it is regulated credibility is given to the concept, but his digital currency concept could also undermine the whole One World Currency strategy or even the US Dollar (Petro-Dollar) paradigm, and there could be hell to pay for that as well. Can the global economy handle that level of disruption? Stay tuned, I guess we shall see.

In the meantime, what happens next will either make or break this new change in how we view monetary value, wealth, online transactions and how the real world will mind-meld into our future blurred reality. I just don’t see many people thinking here, but everyone should, one misstep and we could all be in a world of hurt – all of humanity that is. Please consider all this and think on it.

Posted in Uncategorized | Tagged , | Comments Off

How “Crypto” Currencies Work – A Brief Overview Of Bitcoin, Ethereum & Ripple

Posted on January 9, 2021 by dayat

“Crypto” – or “crypto currencies” – are a type of software system which provides transactional functionality to users through the Internet. The most important feature of the system is their decentralized nature – typically provided by the blockchain database system.

Blockchain and “crypto currencies” have become major elements to the global zeitgeist recently; typically as a result of the “price” of Bitcoin skyrocketing. This has lead millions of people to participate in the market, with many of the “Bitcoin exchanges” undergoing massive infrastructure stresses as the demand soared.

The most important point to realize about “crypto” is that although it actually serves a purpose (cross-border transactions through the Internet), it does not provide any other financial benefit. In other words, its “intrinsic value” is staunchly limited to the ability to transact with other people; NOT in the storing / disseminating of value (which is what most people see it as).

The most important thing you need to realize is that “Bitcoin” and the like are payment networks – NOT “currencies”. This will be covered more deeply in a second; the most important thing to realize is that “getting rich” with BTC is not a case of giving people any better economic standing – it’s simply the process of being able to buy the “coins” for a low price and sell them higher.

To this end, when looking at “crypto”, you need to first understand how it actually works, and where its “value” really lies…

Decentralized Payment Networks…

As mentioned, the key thing to remember about “Crypto” is that it’s predominantly a decentralized payment network. Think Visa/Mastercard without the central processing system.

This is important because it highlights the real reason why people have really began looking into the “Bitcoin” proposition more deeply; it gives you the ability to send/receive money from anyone around the world, so long as they have your Bitcoin wallet address.

The reason why this attributes a “price” to the various “coins” is because of the misconception that “Bitcoin” will somehow give you the ability to make money by virtue of being a “crypto” asset. It doesn’t.

The ONLY way that people have been making money with Bitcoin has been due to the “rise” in its price – buying the “coins” for a low price, and selling them for a MUCH higher one. Whilst it worked out well for many people, it was actually based off the “greater fool theory” – essentially stating that if you manage to “sell” the coins, it’s to a “greater fool” than you.

This means that if you’re looking to get involved with the “crypto” space today, you’re basically looking at buying any of the “coins” (even “alt” coins) which are cheap (or inexpensive), and riding their price rises until you sell them off later on. Because none of the “coins” are backed by real-world assets, there is no way to estimate when/if/how this will work.

Future Growth

For all intents-and-purposes, “Bitcoin” is a spent force.

The epic rally of December 2017 indicated mass adoption, and whilst its price will likely continue to grow into the $20,000+ range, buying one of the coins today will basically be a huge gamble that this will occur.

The smart money is already looking at the majority of “alt” coins (Ethereum/Ripple etc) which have a relatively small price, but are continually growing in price and adoption. The key thing to look at in the modern “crypto” space is the way in which the various “platform” systems are actually being used.

Such is the fast-paced “technology” space; Ethereum & Ripple are looking like th

Posted in Uncategorized | Tagged , | Comments Off