Search content
Sort by

Showing 14 of 14 results by decentralvirtue
Post
Topic
Board Off-topic
How blockchain can be implemented in the real estate market.
by
decentralvirtue
on 26/11/2018, 09:21:13 UTC
The global real estate market has been long overdue for a huge blockchain disruption.

A future-proof, blockchain real estate market could help create a new business models of connecting potential buyers and sellers.

How Can Blockchain Technology Improve Real Estate

It is also important to note how blockchain uses could potentially revolutionize rental property payments. Cost-efficiency and better decision-making in leasing
transactions can be achieved with a shared database, where a whole vertical of stakeholders including owners, tenants and service providers can interact with
ownership information, or transaction history in an open, secure way.

Combined with new models of flat ownership that could potentially span the global market, decentralized payment projects could be used to facilitate low-cost,
high-speed transnational micropayments which would distribute the payment among all stakeholders concerned. Within the context of payments, introduction of smart
contracts into blockchain real estate ledgers and transactions, has clear potential in streamlining various real estate processes, such as releasing apartment
ownership, or rental documents upon a completion of a cryptocurrency transfer. The benefits of this aspect of blockchain use cases when applied to real estate are
already being recognized by a variety of private institutions and governmental bodies.

For example,

A blockchain firm Fluidity is currently in a partnership with a broker-dealer Propellr.

Propellr states that

“When we started to look at the real estate industry, it’s probably one of the most inefficient industries that exists currently. A lot of middlemen, a lot of
lawyers, a lot of bankers.”

The idea behind the partnership is to allow investors to buy shares in a $36.5 million block of condors. The alternative was to sell each of the 12 luxury apartments
individually, But now the same can be tokenised shares and sold to those who wish to add the Manhattan real estate opportunity to their portfolio. These tokens
will be issued on a blockchain and should therefore allow for higher transparency, security, and efficiency which was thought not possible before.
By tokenising the sale of the property, they will be able to start repaying the loan that allowed for its construction earlier.

“We have a bank deadline on us where we have to sell a certain amount of units or repay the entire loan by a certain date. If construction has been delayed, if the
market turns, if competition pops up, and we’re not gonna be able to hit that deadline, what do you do? So, by tokenising the debt it gives everyone breathing room
to sell at a normal pace with the market instead of against it.”


“Literally 25-30 million people can own a piece of this at a dollar a pop. When has that ever been possible?”

Post
Topic
Board Bitcoin Discussion
Re: Goldman Sachs is Signing up Customers for its Bitcoin Trading Product
by
decentralvirtue
on 31/10/2018, 09:41:17 UTC
This is just news. Honestly I don't even understand why you have posted this. I mean you have provided a link to a site that does not even provide appropriate details. This forum is a place for discussion and question that otherwise cannot be googled. News like this would be worth it with at least a link that provides more detail.
Post
Topic
Board Bitcoin Discussion
Re: How bitcoin and blockchain came to be.
by
decentralvirtue
on 31/10/2018, 09:28:14 UTC
Do you really expect anyone to read this textbook you've copied out here, it's just so impossible to read, we aren't studying for an examination

And we all know how the bitcoin and blockchain came about
And those who do not know could surf the internet for it..

Try making your texts as concise and readable as possible

Thanks. I'll keep that in mind for the next time.
Post
Topic
Board Bitcoin Discussion
Re: Why does the government hate bitcoin?
by
decentralvirtue
on 29/10/2018, 07:19:58 UTC
Does it ? i don't think it hates in reality, it is just some fear because btc may bring great changes and they aren't ready for them and this will lead to some new future they didn't plan

The government hates what it can't control. Maybe not all governments but there are many. If you think about it people fear what they don't understand. This can cause them to react violently. In today's world that means hatred.
Post
Topic
Board Speculation
Re: Bitcoin is about to collapse this week
by
decentralvirtue
on 29/10/2018, 07:04:21 UTC
I get it that you had plans to buy bitcoin in a dip that never happened and now you are frustrated because you can no longer day trade and make the little profit you were making but I don't get this silly title talking about "collapse of bitcoin" just because you can no longer make profit thanks to bitcoin stability Cheesy

Exactly. This seems to be an impulsive thread. I mean if the bitcoin prices become stable the government is more like to adopt it. After all the government did not like too much volatility.
If anything this means that the government will undoubtedly rule in favor of cryptocurrencies.
Post
Topic
Board Speculation
Re: Bitcoin is about to collapse this week
by
decentralvirtue
on 29/10/2018, 06:56:03 UTC
This seems more like a panic attack than a logical decision. Bitcoin has faced far worse and has still up. Prices of the bitcoin don't exactly determine its future. Rather the fact that SEC and various other governments are to provide their verdict is a clear depiction of bitcoin being taken seriously. You should have at least researched a little bit before you made this post. I get that you are a newbie because I am too. But causing unnecessary concern is mainly due to the lack of research.

Hope you do learn from this.
Please research the next time.
Post
Topic
Board Bitcoin Discussion
How bitcoin and blockchain came to be.
by
decentralvirtue
on 29/10/2018, 06:49:11 UTC
Note: This might help all those who want to know what bitcoin exactly is if not in-depth at least a starting point. This is in no way an experts opinion so please do your research.
Disclaimer: This post does not cover ICOs 

Introduction
Before the invention of bitcoin we used to transact using physical money and maybe store these physical money in digital form by using banks like Axis Bank, Swiss Bank, HDFC Bank etc.. which we can use to mae payments using debit cards, credit cards and various other means but then we started having digital wallets like Due, MobiKwik, Paytm and so on which helped us make payments by recharging our wallets using our bank account.

Problem
Now all this was working well but the main issue was we had to rely upon middlemen or basically banks which meant that we had to trust them with our money. This also meant that a fee was charged from the account holder for maintenance and other services. Not only this companies like Paypal acted like agents who would verify the transaction and ensure the solution to the double spending problem. Basically a payment gateway. Now again we would have to trust Paypal.

Why?
Because they will ensure the transaction is successful and now only one party has the money not both.

Didn't make sense?
Well in order to understand what the above means we need to know what is Double Spending problem.

Our current Internet works on the principles of copies which means that almost everything accessible on the internet is a copy of the original. When we download a file it is a copy of the original. Similarly with the transfer of money digitally a copy of it would be sent to the recipient and now both the sender and the receiver would have the money. In order to avoid this we needed middlemen, payment gateways to verify that such a situation does not occur.

What is Blockchain and how is it related to bitcoin? [In short]
Bitcoin is based on a technology that implements a decentralized network. The term you often hear of is 'Blockchain'. This technology uses a peer to peer connection. If you want an example of this kind of connection we can take the ideal example of torrents. Now bitcoin does operate on a decentralized system but also when a user is trying to access any information it is the original information and not a copy being presented to you. If you want to know at a glance what blockchain is I'll link another post at the end.

What is bitcoin?
Bitcoin is just another cryptocurrency.
But it isn't that simple, bitcoin is a cryptocurrency which means that it is a digital currency that does not follow the principles of the way the rest of the digital currencies operated before it. Since it is based on a decentralized network the situation that results is that now bitcoin is a digital currency that can be transferred using crypto wallets like Jaxx, Electrum. The transaction that takes place is verified by people called miners. Who are provided bitcoins for mining and not just this once the transaction is verified it is added to a block which is stored on a decentralized network. The way it solves the double spending problem is that when a bitcoin is transferred from one person to another the original is sent and not a copy of the original.

Who are miners?
Miners are people who verify the transactions using hardware specifically made for this purpose. Some hardware miners are
Antminer, Innosilicon A10 ETHmaster, STRIKER Light Mine Professional etc.
Fun fact: Bitcoins could be mined before using a normal laptop or a CPU which later proved to be insufficient.

How is bitcoin better?
It basically facilitates transparency by ensuring that the transactions are all public and it is like a big open ledger. It has a high degree of security mainly because the network is distributed and no data can be tampered with. If someone does desire to tamper with the data then they would require
51% control of the decentralized network. [It has been proven in the case of bitcoin gold]
In the event of the ownership of 51% of the decentralized network the following are possible
1. Prevention of new transactions
2. Halt payments
3. Reverse transactions
4. Double spend coins


But existing blocks cannot be modified.

Conclusion
Bitcoin seems to be a very reliable and secure means of payments and various other financial transactions. Although it is highly volatile there does seem to be a trend towards its adoption and labeling it as a valid means of financial transactions or payments as even the SEC is now about to provide its verdict in december.
There has been an up rise in cryptocurrencies similar to bitcoin like Bitcoin Gold, Bitcoin Clashic, Bcash, Bitcoin Core etc.
Side Note: A cryptocurrency that is the next version of bitcoin is Ethereum.
But a future where bitcoin is accepted as a means of payment in department stores, automobile showrooms and various other outlets might not be too far away.

Hope this helps   Smiley

Link: https://www.google.com/url?q=https://bitcointalk.org/index.php?topic%3D5042773.0&sa=D&source=hangouts&ust=1538806722512000&usg=AFQjCNFjNbRtfO1aKU9VlAyEdywwAUTvUw
Post
Topic
Board Tokens (Altcoins)
Re: ⭐⭐⭐[⚡️ANN] [🔥LAUNCH] [NHCT] BLOCKCHAIN POWERED ECOSYSTEM FOR TOTAL HEALTH⭐⭐⭐
by
decentralvirtue
on 24/09/2018, 05:54:11 UTC
What is the transaction rate per second likely to be ?
Post
Topic
Board Tokens (Altcoins)
Re: ⭐⭐⭐[⚡️ANN] [🔥LAUNCH] [NHCT] BLOCKCHAIN POWERED ECOSYSTEM FOR TOTAL HEALTH⭐⭐⭐
by
decentralvirtue
on 21/09/2018, 10:42:15 UTC
With the SEC about to take a decision on 30th of september what do you think this would mean for NHCT in both cases
i.e whether the government rules in favor or against cryptocurrencies.
This is just so that I can get an idea of what to do next.
Post
Topic
Board Speculation
Re: Bitcoin (BTC) down $200
by
decentralvirtue
on 20/09/2018, 04:54:28 UTC
Bitcoin (BTC) down $200
Is this a click bait or you just didn't comprehend what your link was all about?

Crypto markets have seen a sharp decline today, September 18, with Bitcoin (BTC) down $200 and market cap dropping as low as $192 billion within a few hours. As of press time, 93 out of 100 top cryptocurrencies by market capitalization are in the red, while losses among the top 20 coins reach over 10 percent, according to CoinMarketCap.

Bitcoin falling in such amount is too way far from reality even we will be in a worse case scenario. Preferably, people are trusting bitcoin more than their partners and still seeing moon despite this intense ride. Only those who have balls will be enjoying their wine later on.

No this is not a click bait. The subject is Bitcoin (BTC) down $200  which implies 'by $200' and not 'to $200'.
Post
Topic
Board Speculation
Re: Bitcoin (BTC) down $200
by
decentralvirtue
on 18/09/2018, 10:55:18 UTC
true, the trend of bitcoin in the past 6 months is not what they like this trend is what they LOVE. because now they can buy a lot more bitcoin compared to before since now $6k is considered a huge bargain of bitcoin uderpriced for them to buy more of it.

it is the altcoins you should worry about since now everyone is abandoning them after seeing their true nature.

The market cap of bitcoin which was once valued at $950 Bn way back in December 2017 has come down to  $200 Bn. Correct me if I'm wrong but don't you think this is not a very positive turn and this could ultimately lead to a failure ?
Post
Topic
Board Speculation
Bitcoin (BTC) down $200
by
decentralvirtue
on 18/09/2018, 09:36:44 UTC
Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.

Are you optimistic about the price of bitcoin ?

Do refer the links below

Source: https://cointelegraph.com/news/crypto-markets-drop-sharply-ethereum-loses-weeks-earlier-gains
            https://charts.bitcoin.com/bch/chart/price
Post
Topic
Board Tokens (Altcoins)
Re: ⭐⭐⭐[⚡️ANN] [🔥LAUNCH] [NHCT] BLOCKCHAIN POWERED ECOSYSTEM FOR TOTAL HEALTH⭐⭐⭐
by
decentralvirtue
on 18/09/2018, 07:00:59 UTC
When would the bounty be launched ?
Post
Topic
Board India
Will Bitcoins ever be legal in India ?
by
decentralvirtue
on 14/09/2018, 06:36:08 UTC
After the recent developments in the world of cryptocurrencies especially bitcoins in specific we have come to see a drastic change in the mindset of people towards the adoption of cryptocurrencies and the potential it holds. For example a dealership in houston texas is accepting bitcoins as a means of payment for the purchase of Rolls Royce cars and a major store in Japan is accepting bitcoins. But amidst all this what about India what does India have to say about all this ?
Well it seems to me that India might be late to the party but I strongly do believe India will eventually adopt bitcoins and this is more likely to happen if the verdict of the supreme court is in the favour of cryptocurrecnies for which the verdict has been postponed to Setember 17th.
What do you guys feel about this ?