Ethereum could be the market indicator in the future.

A year ago, the average human did not know what cryptocurrency was. The market was limited mostly to a techy crowd of developers and very early adopters, considering Bitcoin was the only major currency on the block back then. But thanks to a number of really smart entrepreneurs, rising prices, and a powerful community, everything is changing and crypto is going mainstream.

Entire governments, such as China's, are considering utilizing a national digital currency. Even the president of Russia, Vladimir Putin, met with the founder of Ethereum, Vitalik Buterin. All of this good press and positive outlook has caused many billions of dollars to be added to the market in the last year.

Bitcoin May Be Down, But It's Actually Ahead of Schedule to Hit $1 Million by 2020

The excitement about the cryptocurrency market has attracted a lot of entrepreneurs who are looking to disrupt big industries through Blockchain technology.

Ethereum, Litecoin, EOS and others are leading the charge of the technological revolution that is blockchain. Cryptocurrency-based crowdfunding known as Initial Coin Offerings (ICOs) are also a major player in the revolution. Blockchain startups like The Bancor ICO raised $153 million dollars in a matter of a few hours. This new wave of Blockchain startups, such as Sia's Storage Platform e.g. leverages underutilized hard drive capacity. If they are even remotely successful, we are looking at many 10s if not 100s of billions of dollars being added to the overall cryptocurrency market as they continue to grow.

Current blockchains, such as Bitcoin and Ethereum, can only process ten’s of transactions per second while other mainstream payment process systems, such as Visa or Mastercard are able to process thousands of transactions per second. Undoubtedly, a scalable version of  blockchains like Ethereum would make cryptocurrency the payment method of choice and project it into the mainstream.

The cryptocurrency market can seem volatile compared to traditional markets. There is more up and down movement, but the general trend line is a strong uptrend. A lot of people believe Ethereum alone will be worth over $1,500 a token in the next year or two. That will drive the prices of many other currencies up a lot.

In the future, Ethereum could be more of the market indicator than Bitcoin currently is. Meaning, if Ethereum goes up, everything else tends to go up, which has been the case for Bitcoin recently, as it tends to control the market.

The market as a whole has been particularly stable in recent weeks. Ethereum was worth as much as $620 a token and as little as the $580 range in the last few weeks. But the strength of the market really shines when the $580 "drop" happened and it quickly re-tested $620 multiple times and showed that $580 was the current floor price. This creates a sense of security in the market and helps people believe in it more long term when they see these quick rebounds from drops in price.

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Sheeple 12:19 PM  No comment

Die waarheid rakende blokketting

Ooorspronklikke artikel in Engels - vertaal


HONG KONG (Reuters Breakingviews) - Deesdae word die vernuwing bekend as blokketting byna altyd in samewerking met twee dinge genoem. Eerstens, as die tegnologie wat die Bitcoin muntstuk ondersteun, en die tweedens as die breinkind van Satoshi Nakamoto, die anonieme persoon - of persone - wat die witskrif uitgereik het wat die kripto-munt vermoedelik ontwerp het.

Trouens, die konsep van 'n verspreide rekord van digitale transaksies is ouer en het baie breër

https://www.amazon.com/Truth-Machine-Blockchain-Future-Everything/dp/1250114578

toepassings. Dit is maklik om te vergeet, aangesien bitcoin se wilde pryswisselings in die eerste sewe en 'n half maande van 2017 gekenmerk word deur die uitreiking en nuwe besighede wat bykans $ 1,5 miljard ingesamel het. Die gedesentraliseerde aspek van die tegnologie is die eksistensiële vraag waar dit begin, Michael Casey en Paul Vigna argumenteer in “The Truth Machine: The Blockchain and the Future of Everything”.

Al in die 1990's het voorstanders van die blokketting-tegnologie begin met 'n alternatiewe status quo, waarin individue kriptografie kon beheer. Vir hierdie sogenaamde "Cypher-punks" het die idee revolusionêre aantrekkingskrag gehad. 'n Databasis wat iets van waarde op 'n "peer-to-peer" netwerk van rekenaars kan opneem, bied 'n onveranderlike rekord wat nie betwis of verander kan word nie. Dit was vanselfsprekend aantreklik vir libertyërs wat gretig was vir 'n wêreld wat vry was van die boeie van die regering en ander groot sentrale instansies en banke.

Casey, 'n senior dosent aan die MIT Sloan Bestuurskool, en Vigna, 'n verslaggewer vir die Wall Street Journal, vertel nie net die storie van bitcoin nie. Hulle beveel aan dat die leser dieper kyk na die talle toepassings van blokketting - die digitale waarheids serum van hul titel. Die boek beskryf die maniere waarop die tegnologie die potensiaal het om die manier waarop ons oor eiendomsbediening dink, op te los, aanbodkettings te ontwrig en eiendomsregte aan die annonieme eienaarskap te gee.

Die skrywers deel 'n paar wonderlike voorbeelde. In Jordanië, die Verenigde Nasies se Wêreldvoedselprogram se Azraq blockchain-vlieënier, koördineer voedselverspreiding onder 10,000 Syriese vlugtelinge. Intussen bied MIT Media Lab se Digital Currency Initiative, tesame met die Inter-Amerikaanse Ontwikkelingsbank, aan die Latyns-Amerikaanse boere die vermoë om krediet te verkry van kommoditeitspakhuise wat deur blokke-bewese rekords ondersteun word. Meer algemene toepassings sluit dienste in om betalings oor landsgrense te betaal, sowel as aanvangskapitaal wat kriptografies veilige, anonieme geldeenhede ontwikkel.

Die deugde van blokketting staan in kontras met die groot tegnologie-titane wat beheer - en soms misbruik maak van - persoonlike data, soos die nuutste Facebook-privaatheid debakel toon. Die skrywers beweer dat 'n blokketting-oplossing vir sosiale media een sal wees waar digitale munte uitgereik word en boodskappe deur gebruikers geverifieer word, wat 'n wêreld van slegs hoëgehalte inhoud behoort op te lewer. 'n werklike gedesentraliseerde oplossing wat toegepas word oor 'n groot aantal  nywerhede sal toelaat dat selfregerende individue as hul eie ekonomiese agente optree en die regte op hul data terug kan kry.

Dit lyk egter onrealisties dat hierdie idee die nodige kritieke massa kan bereik, veral omdat gebruikers toenemend afhanklik is van bestaande platforms. Daarbenewens is 'n gevoel van onderlinge verbintenis, sentraal tot die sosiale aanslag van sosiale netwerke.

Ten spyte van al die veronderstelde deugde van desentralisasie bly die meeste blok-gebaseerde oplossings embrionies. En die ontluikende projekte (ICO's) wat tans aan die gang is, is om die minste te sê, problematies. Desentralisering van enigiets neem werk, en verbruikers se gewoontes is moeilik om te verander. Daarbenewens is daar diep gegronde redes waarom mense finansiële rekords, mediese inligting en ander sensitiewe data aan bewaarders en regeringsliggame oorlaat.

Dan is daar die vraag oor watter organisasies die tegnologie toepas. Soos die skrywers erken, is sommige van die groot eksperimente in blokketting nou - enigswyd paradoksaal - deur die oorspronklike poortwagters wie se krag dit veronderstel was om te beperk. Finansiële instellings soos JPMorgan en Accenture het die hoofrolspelers van projekte soos die Enterprise Ethereum Alliance geword, wat ondernemingsgehalte-sagteware bied. Monex, wat in Tokio gebaseer is, het Vrydag aangekondig dat hy Coincheck sal verwerf.

Intussen het China 'n blokketting-navorsingsinstituut gestig en gespog oor die uitreiking van 'n soewereine digitale geldeenheid, terselfdertyd het hulle die aanbod van private munte verbied. Dubai sê dit wil die hele regering op blokketting hê in 2020. Mees onlangs het die direkteur van die Internasionale Monetêre Fonds, Christine Lagarde, aangevoer dat owerhede "vuur met vuur kan beveg" deur gebruik te maak van blokketting-innovasies om kripto-bates te reguleer.

Dit is sekerlik nie wat die oorspronklike Cypher-punks in gedagte gehad het nie. Terwyl sommige fantaseer oor 'n wêreld waarin selfregerende individue die enigste argitekte van transaksies is, is dit meer waarskynlik dat tussengangers en tradisionele poortwagters betrokke sal bly. Miskien is ons nie gereed om met vertroude tussengangers weg te doen nie. Miskien sal ons nooit wees nie.

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Sheeple 10:26 AM  No comment

Bitcoin en die Anatomie van die 2008 finansiele krisis.

Die waarde van 'n enkele bitcoin het onlangs WEEREENS  die finominale $ 11,000 oortref. Dit is nie slegs 'n nuwe kerf wat meer as net 'n aansienlike toename in die prys van die geldeenheid verteenwoordig na die insinking nie. 

Hierdie vinnigge terugkeer toon dat daar steeds verwagtings vir die mark as geheel is. Bitcoin onder ander digitale geldeenhede word al hoe meer hoofstroom in die finansiële wêreld aangesien hulle 'n groot hoeveelheid daaraan begin deelneem. Die groot teenstand teen Bitcoin is ook een van die grootste redes hoekom die finansiele sektore so "Skepties" is oor die tegnologie.

Bitcoin het gedurende die begin van die jaar teen sowat slegs $ 960 verhandel en die geldeenheid het sedertdien aansienlik gestyg. Die munt het met meer as 1,000% gegroei, iets wat in die beleggingswêreld ongekende is.

Sommige in die bedryf soos die hoof uitvoerende beampte van JPMorgan Chase, Jamie Dimon, het die bedryf bedrieglik en niks meer as 'n borrel genoem nie, maar dit word vinnig beproef. Mense is nie te seker dat bitcoin gereed is om die termynmark te betree nie. Een voorstander van hierdie idee is Themis Trading Principal, Joe Saluzzi. Hy het onlangs gewaarsku dat aangesien die geldeenheid so gevaarlik ongereguleer is, herinner dit hom weer aan die 2008 "finansiële krisis."Hy het ook gesê dat die hoë vlak van onbestendigheid verseker dat die munt nie in enige hoofstroom finansiële stelsel gebruik kan word nie. Dit word ook redelik vinnig beproef, aangesien die munt meer en meer wydverspreid aanvaar word. Bitcoin kan in werklikheid as die USD gesien word van Kripto geldeenhede waarvan daar ver oor die 1000 reeds bestaan.

HIER IS DIE ANATOMY VAN 'n TIPIESE FINANSIELE BORREL

Laat ons nie vergeet wie eintlik verantwoordelik was vir daardie "krisis" nie. Banke, het te veel geld uitgeleen aan mense wat dit nie kon terugbetaal nie. Dit is dus ironies dat banke so teen die Kripto wereld staan. Hulle druk meer geld in die Federale reserwes as wat daar goud voor is, en dus is die Doller self ook nie meer enige iets anders as Bitcoin in beginsel nie.

Aangesien kriptokurrency deur meer deur die finansiële stelsel aanvaar begin word, is dit net 'n kwessie van tyd voordat die hoofstroomaanneming oor die hele finansiële stelsel en regoor die wêreld versprei word. Tot dan sal kritici en ondersteuners steeds nie saamstem nie.

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Sheeple 10:43 AM  No comment

Rusland se eie kripto geldeenheid

Die Russiese regering beplan om by die wêreld se kripto-gemeenskap aan te sluit deur 'n virtuele roebel te skep. 'N Soortgelyke aanslag is deur Amerika en die ontwikkelde lande van Asië en Europa geneem. Aan die einde van Desember is 'n vergadering van myners in Duma gehou, wat deur verteenwoordigers van 16 lande bygewoon is. Daarbenewens is die konsepwet op die regulering van die digitale mark reeds vir oorweging aan die afgevaardigdes voorgelê.



Kenners voorspel dat die kripto-industrie in die nabye toekoms sal slaag na 'n kwalitatief nuwe stadium van ontwikkeling. Dit is nie uitgesluit dat sommige lande Bitcoin in die status van 'n amptelike betaalmiddel sal bou nie. As gevolg van hierdie stap sal digitale geld in 'n plaaslike geldeenheid verander. Sommige lande het 'n ander pad gekies en die skepping van hul eie virtuele munte aangekondig. Laasgenoemde behoort ook aan die Russiese Federasie, wat reeds 'n Russiese
cryptorub ontwikkel het.


Volgens Arseni Scheltsin, die direkteur van Rusland se Cryptocurrency en Blockchain Association, sal die voorstelle oor die skep en reguleer van 'n nasionale cryptocurrency amptelik in Julie 2018 aangebied word, terwyl 'n full-launch lancering 'n jaar daarna sal neem. Die ontwikkeling van regulatoriese dokumente vir "crypto ruble" word uitgevoer deur.

Die toekoms van die cryptorubl

Verlede jaar het spesialiste begin om 'n huishoudelike digitale geldeenheid te skep. Die

ooreenstemmende bevel is gegee deur beide die president en die regering. Daar word beplan om 'n geslote model te skep en vooraf die volume van die uitstoot te bepaal. Eienaars van munte sal onderhewig wees aan persoonlike inkomstebelasting teen 'n koers van 13%.

Die funksionaliteit van die kriptor sal redelik beperk wees. So, ons sal moet vergeet van anonimiteit. Die uitgifte van munte sal deur 'n enkele uitstootsentrum beheer word. Daar is geen spasie vir mynwerkers in die stelsel nie. As gevolg daarvan sal die hoofgedagte van die kripto-geldeenheid, wat onafhanklik van regerings en die anonimiteit van betalings is, verlore gaan. Daar moet kennis geneem word dat ontleders so 'n uitslag voorspel het.



Programmeerders beplan om die werk so gou as moontlik te voltooi. Jy kan immers nie agter ander lande in hierdie kwessie bly nie. Eerstens sal die goedkeuring van die produk uitgevoer word. As die toetse suksesvol is, sal die cryptoruble die nodige infrastruktuur begin bou. Daar word beplan om dit in die finansiële stelsel in te voer.

RuCoin Project

In die somer is 'n nuwe RuCoin-aanvang op die plaaslike mark geloods. Benewens die uitreiking van munte bied hy 'n interessante lojaliteitsprogram. Die inisieerders van die projek beplan om 'n soort brug tussen die werklikheid en die wêreld van kripto-geldeenhede te skep. Dus, die virtuele beursie vir RuCoin sal die balans in tradisionele geldeenheid weerspieël. Bykomende opsies vir digitale berging sal 'n gratis oordrag van fondse en 'n interne ruil wees om muntstukke in Bitcoins and Ethers te omskep. Daarbenewens sal die deelnemers aan die stelsel goedere en dienste by vennote se winkels teen afslag koop. Tans werk ongeveer 80 maatskappye saam met die aanvang. Vir elke aankoop ontvang kliënte 'n bonus in RuCoin.

Ten spyte van die indrukwekkende lys van betroubare maatskappye wat by die lojaliteitsprogram aangesluit het, word fondsinsameling taamlik traag vorder. Vir verskeie maande was dit moontlik om minder as $ 400,000 van beleggers in te samel, terwyl daar beplan word om meer as 12 miljoen te lok.

Sekure kripto geldeenheid

In Tatarstan het 'n nuwe soort virtuele geld verskyn - ItCoin. Die naam van die geldeenheid kom van die woord "vleis", wat in die Tatar-taal daarvan lyk. 'N Eiesoortige kenmerk van die nuwe kripto-aktiewe is die binding van munte tot die prys van vleis van stamboombeeste. So het sy skeppers die risiko van verhoogde onbestendigheid verminder, wat die grootste nadeel van elke digitale geldeenheid word. Elke dier is toegerus met 'n spesiale chip, waarmee jy enige tyd die nuutste inligting oor sy gesondheid kan leer.

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Sheeple 9:51 PM  No comment

How to buy Ripple(XRP) in South Africa

One of the problems which most investors of Ripple coin investors face is the problem to buy Ripple coin with bank, debit card and credit card. There is very limited cryptocurrency exchange services platform which allows you to purchase Ripple coin directly by paying money through Credit or Debit card. Mostly, the website required you to purchase Bitcoin first and then convert them into Ripple coin. Due to double transition, you lost some coin because the rate of BTC changed very fast, second, you have to pay double transaction and exchange fee; first, the fee to change USD to BTC and then BTC to XRP. But Changelly has solved this issue.

Changelly Voted Best CryptoCurrency Exchange For 2017 Read Our Review

Changelly is a popular cryptocurrency exchange website which is specially created for the digital currency. Changelly was founded in 2013. In the start, it was not very popular because the digital currencies were not very popular in 2013. But with the popularity of digital currencies and interest of people to invest in digital currencies like Ripple coin and Bitcoin, the Changelly also got equal popularity.

Changelly has introduced a new option to the investors which allow them to buy Ripple XRP coin or any other types of the coin which supported by their company simply by paying through Credit or Debit card. This is the main reason which made Changelly one of the most popular cryptocurrency exchange websites. They are offering this option to all type of digital currency.

The process of purchasing Ripple coin with a Credit card through Changelly is not difficult. It takes no more than few seconds to few minutes to get Ripple coin in your Ripple wallet.

Requirements to buy Ripple coin with Credit or Debit Card:

There is not much requirement for this purpose. All you need to be a registered user on Changelly website(Which is totally free) and you must have a Ripple wallet address to receive the Ripple coin. The Ripple wallet account can be created on CoinPayment for free. They charge a fee only when you make a transaction.

Step by step guide to buying Ripple XRP Coin on Changelly with Credit Card:

Follow these steps to buy XRP by paying through Debit card or Credit card,in Bitcoin or EFT:

Step 1: Register on the website:

Registration on Changelly is totally free for all investors. The website will charge a fee only on transactions. There is no fee to create and maintain an account on Changelly. To register on Changelly, you need to click on Sing up button which can be found on the top of the website, on the right-hand side. For registration purpose, you need to have a valid email ID where the website will send you your username, password, and other details.

Step 2: Select the currency:

Once you register on the website and follow the guide by creating your profile, the next step is to buy Ripple coin with Credit/Debit Card. For this purpose, you need to visit the home page of Changelly. From there you need to select the currency you want to purchase e.g. Ripple Coin (XRP) and enter the amount in USD in other bar. Once you done with this, click on exchange button. If you are already login to the website, it will take you the payment process page; otherwise, it will ask you to log in on Changelly first.

Step 3: Confirm your order:

On this page, you need to confirm your order by checking the amount in USD and XRP. You will get other information on this page including estimated time of arrival of XRP in your Ripple wallet. Click next if you agree with this.

Step 4: Enter the Ripple wallet address:

You need to create a Ripple wallet (some wallets give you Destination Tag to complete the transfer safe), where you would like to receive your Ripple coin. You can use CoinPayments network for this purpose because it is free and charge a very low fee on every transaction. (For long term investment i high recommend Ledger Nano S wallet,For more information about Best Ripple XRP . Once you enter the address of your wallet and destination tag, you need to click on Next button to proceed.

Step 5: Confirm the information:

Changelly will ask for the confirmation before making the process. Look on the detail, if everything looks fine, click on the button called “Confirm and Make Payment”.

Step 6: Enter the Credit card details:

In the previous step, your transaction has been created to buy Ripple coin with your Credit or Debit card. Simply, click on Pay With Visa/Master Card button and enter your card details with valid thru and CVC details. Click on Pay button which will also show you the amount which you have to pay.

Step 7: Confirm your payment by SMS:

For this confirmation, you need to enter your phone number. You will receive a 4 digit code on your mobile for this purpose. If you do not receive the call, you can use the alternative way for the verification purpose. For this purpose, you must have a camera on your computer or mobile through which you are buying the Ripple coin. You will need to record a video by holding your passport with the picture in your hand. You will receive the code within 15 minutes if you choose the second option on your computer screen.

Step 8: Receive your Ripple coin:

Once you entered the four digit code, your transaction will be processed. It may take from 5-30 minutes to receive Ripple coin in your Ripple wallet.

The time of receiving Ripple coin in your Wallet also depends on the wallet website. If you choose Coinpayments as your Ripple coin, the process time will be very fast. Also, keep in mind that the first transaction on any website takes time because on the first transaction the company verifies the identity of the person to minimize the chances of fraud.

Different websites have different policies when it’s come to purchase Ripple XRP coin due to which the process could be time taking but Changelly does not have any complex process of purchasing Ripple coin with Debit or Credit Card, so as compared to other cryptocurrency websites, the process on Changelly is relatively fast.

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Sheeple 4:29 PM  No comment

South Africa Wants to Track and Tax Bitcoin Trading

It’s said that nothing in this world is certain, except death and taxes. And at least for the latter we can be sure that the powers-that-be are not going to let this change without a fight. The latest country now known to be looking at taxing bitcoin trading is South Africa.

South Africa Wants to Track and Tax Bitcoin Trading Bitcoin use has been rapidly growing in South Africa, mostly for trading, becoming so popular people can even pay their driving tickets with the cryptocurrency. This has prompted the South African Revenue Service (Sars) to explore ways to ensure it gets its cut from all the action. The agency is reportedly in talks with leading international technology companies to find an efficient method to track cryptocurrency trading in the country for taxing proposes.




Dr Randall Carolissen, Sars group executive for research, said: “As you can imagine it is very difficult – the blockchain technology. Without revealing too much – we are talking to some of the top technology companies in the world that are doing similar work for Canada and the UK and we are hoping to get that technology.”

He added that the agency is also solidifying its connection with the South African Reserve Bank (SARB), the country’s central bank, to see how they can better match cross-border outflows and inflows of money to try and make sure people have less “room to hide things.”

International Cooperation

South Africa Wants to Track and Tax Bitcoin Trading. Dr Carolissen explained that “At the moment, we are treating cryptocurrency in the same way as capital realisation – so in other words, it is like a Krugerrand. If you buy it at a particular point and you then sell it, you will be faced with a capital appreciation and then we will treat it as Capital Gains Tax.”

The South African tax man revealed that Sars is working with similar agencies from different countries on implementing new policies for tackling the issue via the Organization for Economic Cooperation and Development’s (OECD). This collaboration is said to provide them with detailed recommendations for handling cryptocurrencies.

“We were part of the OECD working groups and that has certainly been incorporated into our policy environment. So we are on top of it. In fact, South Africa is cited as one of the leading implementers of this cryptocurrency environment,” Carolissen said.

The international interest is not surprising considering we have only recently seen the U.S. IRS, South Korea’s National Tax Service and the Income Tax Department of India involve themselves with bitcoin. It is not clear what each regulator can do to track trading involving at least one party from their country, other than force local exchanges to report all transactions and compel citizens to reveal all their trades.

Are tax authorities around the world going to be able to track bitcoin trading soon? Share your thoughts in the comments section below!

source: bitcoin.com
Avi Mizrahi: Economist and entrepreneur who has been covering Bitcoin as a journalist since 2013.

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Sheeple 1:38 PM  No comment