Search content
Sort by
Showing 20 of 24 results by Julian Page
Re: BNS - A DECENTRALIZED CASHBACK PLATFORM ON THE BLOCKCHAIN
The public sale is focused towards raising funds for the development of an independent crypto-cashback platform. The proposed platform will replace the traditional cashback tools with blockchain-based tokenized tools. The problem with traditional models is mostly related to speed and lower reward returns. Blockchain, on the other hand, makes it possible for people to receive cashback as soon as they make a purchase. In a traditional scenario, the average time spent on rewarding a cashback is two months. 
Bitcoin will change our mentality about money. It is not enforced, so if it is accumulated by few, then there will be no Bitcoins available, and users will use something else. So the accumulators, will lose money. The same happens with fiat currency, but banks issue currency, every time a loan is given. Because fiat currency is enforced, everybody MUST use it. This is the only difference. Since our mentality for money, changes, voila! the world has been already changed.
It's difficult to answer this question.bitcoin and ethereum are unique in their functionality.
Bitcoin is not governed by anyone and only open community is responsible to scale thier functionality,due to segwit hard fork Bitcoin also divided in 2 group .core and BTC.Similar thing happened with Ethereum and ethereum classic.
This forks certainly creates an issue amongst the community and investers .
However ETHEREUM has strong leadership of vitalik buterin and thier vision is clear where Ethereum should go whereas Bitcoin is just currency which store and transfer only values no contracts associated.
Definitely Ethereum has lot of scope for growth due to strong leadership whereas Bitcoin may grow potentially but it's future is uncertain as long as someone owns it.
Bitcoin is not governed by anyone and only open community is responsible to scale thier functionality,due to segwit hard fork Bitcoin also divided in 2 group .core and BTC.Similar thing happened with Ethereum and ethereum classic.
This forks certainly creates an issue amongst the community and investers .
However ETHEREUM has strong leadership of vitalik buterin and thier vision is clear where Ethereum should go whereas Bitcoin is just currency which store and transfer only values no contracts associated.
Definitely Ethereum has lot of scope for growth due to strong leadership whereas Bitcoin may grow potentially but it's future is uncertain as long as someone owns it.
Depends on how much you can lose and why you are doing it.
I think its a great idea to get at least some exposure, but converting 100% of your life savings is highly risky if you dont have emergency money.
I think its a great idea to get at least some exposure, but converting 100% of your life savings is highly risky if you dont have emergency money.
Mining Bitcoins
Isn't it amazing if tell you that you can print your own money ? Yes, you can create your own bitcoins and as much as you want and this can be done using you hardware or cloud services .
Isn't it amazing if tell you that you can print your own money ? Yes, you can create your own bitcoins and as much as you want and this can be done using you hardware or cloud services .
In my opinion, the best and easiest way to earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily. No matter if you have a brick and mortar shop or an online business, no matter if you sell goods or services.
Fried chicken chain KFC Canada is accepting bitcoin for a limited time and for a cryptocurrency-themed bucket of chicken, that is.
The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.
That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register.
Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website.
The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.
That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register.
Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website.
Why should any government care about Bitcoins? In a capitalist system, people have a right to buy what they want with their money, and accept whatever they want for goods or services. Banning Bitcoins would make as much sense as banning DisneyDollars.
Better is subjective, but theres a few differences between them that make it appealing to see Ether as better than Bitcoin.
Theres a few differences:
Bitcoin has a hard issue limit of 14million coins
Ethereum is active with decentralised applications using it to execute tasks / smart contracts. Bitcoin is passive and cannot work in the same way.
Bitcoin is mostly just a currency - Ether is a currency that is used within dapps.
Its this use as an automated system that makes Ether appear better than Bitcoin, as it is embedded in a network of useful transactions.
This utility therefore future-proofs it a bit more in some peoples eyes, and makes it better.
Eventually Ethererum is planning to move to a system which is based on earned volume - so the more stakes a user has in the network the more Ether they receive as a reward. Bitcoins criticism is that it focuses on hardware mining that wastes computational power. By rewarding higher stakes, again Ethereum is more tied to utility.
Theres a few differences:
Bitcoin has a hard issue limit of 14million coins
Ethereum is active with decentralised applications using it to execute tasks / smart contracts. Bitcoin is passive and cannot work in the same way.
Bitcoin is mostly just a currency - Ether is a currency that is used within dapps.
Its this use as an automated system that makes Ether appear better than Bitcoin, as it is embedded in a network of useful transactions.
This utility therefore future-proofs it a bit more in some peoples eyes, and makes it better.
Eventually Ethererum is planning to move to a system which is based on earned volume - so the more stakes a user has in the network the more Ether they receive as a reward. Bitcoins criticism is that it focuses on hardware mining that wastes computational power. By rewarding higher stakes, again Ethereum is more tied to utility.
Bolivia: Back in June 2014, the Bolivian central bank officially banned any currency or coins that aren't regulated by the government. Included in its list of examples was bitcoin. Bolivia's central bank also prohibited its citizens from denominating prices in any currency tha its national institutions haven't previously approved.
Ecuador: Not long after Bolivia's central bank banned bitcoin, Ecuador also removed its welcome mat in July 2014. The country's National Assembly of Ecuador banned bitcoin and other digital currencies while laying the framework for the creation of a new, state-run currency. In other words, the government has the permission to make payments in electronic money, but other digital currencies, like bitcoin, are banned for its citizens.
Kyrgyzstan: In July 2014, the National Bank of the Kyrgyz Republic made it crystal clear that using bitcoin, or any digital currency, as a form of payment is illegal. The only legal tender in Kyrgyzstan is the som, the country's national currency. The Kyrgyz National Bank cited that bitcoin's lack of governmental backing makes public or private regulation almost impossible.
Bangladesh: Bangladesh also followed suit in September 2014. The Bangladeshi central bank cited bitcoin's lack of a central payment system as the reason behind the ban, which it believes would allow people to be "financially harmed." Long story short -- if you're caught trading in bitcoin in Bangladesh, it could lead to legal trouble under the Foreign Currency Control Act of 1947 and the Money Laundering Control Act of 2012.
Nepal: Though it might not be a well-known fact throughout the country, bitcoin is illegal in Nepal, according to Kedar Prasad Acharya, the deputy director of Nepal Rastra Bank. The Nepalese government banned bitcoin on account of not being able to track its transactions, and it has gone so far as to arrest individuals suspected of trading bitcoin.
Morocco: The newest ban, coming as of November 2017, was in Morocco, which ironically came just days after domestic digital services provider MTDS announced that it would accept bitcoin as payment for the first time. Like the other countries before it, Morocco's central bank cited "a hidden payment system that is not backed by any financial institution" as its reasoning for banning bitcoin and other digital currencies.
Ecuador: Not long after Bolivia's central bank banned bitcoin, Ecuador also removed its welcome mat in July 2014. The country's National Assembly of Ecuador banned bitcoin and other digital currencies while laying the framework for the creation of a new, state-run currency. In other words, the government has the permission to make payments in electronic money, but other digital currencies, like bitcoin, are banned for its citizens.
Kyrgyzstan: In July 2014, the National Bank of the Kyrgyz Republic made it crystal clear that using bitcoin, or any digital currency, as a form of payment is illegal. The only legal tender in Kyrgyzstan is the som, the country's national currency. The Kyrgyz National Bank cited that bitcoin's lack of governmental backing makes public or private regulation almost impossible.
Bangladesh: Bangladesh also followed suit in September 2014. The Bangladeshi central bank cited bitcoin's lack of a central payment system as the reason behind the ban, which it believes would allow people to be "financially harmed." Long story short -- if you're caught trading in bitcoin in Bangladesh, it could lead to legal trouble under the Foreign Currency Control Act of 1947 and the Money Laundering Control Act of 2012.
Nepal: Though it might not be a well-known fact throughout the country, bitcoin is illegal in Nepal, according to Kedar Prasad Acharya, the deputy director of Nepal Rastra Bank. The Nepalese government banned bitcoin on account of not being able to track its transactions, and it has gone so far as to arrest individuals suspected of trading bitcoin.
Morocco: The newest ban, coming as of November 2017, was in Morocco, which ironically came just days after domestic digital services provider MTDS announced that it would accept bitcoin as payment for the first time. Like the other countries before it, Morocco's central bank cited "a hidden payment system that is not backed by any financial institution" as its reasoning for banning bitcoin and other digital currencies.
Not an easy one.
I would only invest in bitcoin is you believe fundamentally that the concept is sound and will in the long term be profitable for you.
Is it a revolution? Is it just a false direction? Is it the best thing ever or is it just technology proving it can do something, even if there is no need? British train boom or pet rock?
The true answer wont be known for a while yet. So investing is based mostly on where you feel it will be. Good luck, its about on par with roulette right now I think.
I would only invest in bitcoin is you believe fundamentally that the concept is sound and will in the long term be profitable for you.
Is it a revolution? Is it just a false direction? Is it the best thing ever or is it just technology proving it can do something, even if there is no need? British train boom or pet rock?
The true answer wont be known for a while yet. So investing is based mostly on where you feel it will be. Good luck, its about on par with roulette right now I think.
They don't dislike bitcoin. In that the Chinese government is far more open and supportive of bitcoin than the US government.
It's not a matter of disliking bitcoin. It's more of a matter of regulating it to prevent something bad from happening.
It's not a matter of disliking bitcoin. It's more of a matter of regulating it to prevent something bad from happening.
Is virtual money the same as digital money?
A lot of confusion exists around the terms virtual money and digital money. When we are talking about digital money, this concerns the categories M2 and M3 of the financial system (M1 are the physical notes and coins in circulation). Worldwide, more than 95% of the currencies is digital. Virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming systems). In a later phase, virtual currencies started to expand to the physical world and blurred the line between virtual and digital money.
A lot of confusion exists around the terms virtual money and digital money. When we are talking about digital money, this concerns the categories M2 and M3 of the financial system (M1 are the physical notes and coins in circulation). Worldwide, more than 95% of the currencies is digital. Virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming systems). In a later phase, virtual currencies started to expand to the physical world and blurred the line between virtual and digital money.