Means you signature carelessly, because you are not in pay

While sources differ on the number of millionaires in the world, Credit Suisse estimates the number at about 35 million. This figure accounts for all “financial and nonfinancial wealth,” including assets, collectibles, and homes.

This is a remarkable number when compared to the total number of Bitcoins that will ever exist. While there are roughly 35 million millionaires in the world, there will only ever be a maximum of 21 million Bitcoins. That’s right--there will never be enough Bitcoins in existence for every millionaire in the world to own even a single one.

Why is Bitcoin valuable?
While you let that thought sink in, let’s consider what gives Bitcoin its value. Granted that there are numerous features we could cite, including a global network, an immutable Blockchain and a means to transfer wealth from one person to another without ever involving a middleman.
These are all fine features, to be sure. But what really makes Bitcoin valuable are two properties: scarcity and authenticity.

Digital scarcity
Bitcoin has value for the same reason gold has value: people want it and there isn’t enough to go around. New gold can’t merely be created; one has to find a gold mine and go through the difficult, capital-intensive and expensive process of mining and refining the gold. Because neither governments nor factories can create more of it, gold is scarce. This scarcity imparts value.

Many unusual items have been used as currencies or stores of value in earlier societies. One of the more famous is wampum, a necklace made from a certain kind of seashell that was rare in the Americas. A currency doesn’t necessarily have to be inherently useful in order to function, but it absolutely must be scarce.

This requirement for scarcity is the reason counterfeiting has such severe penalties. In fact, in earlier times, counterfeiting was punishable by death. Counterfeiters undermined confidence in a currency by making it less scarce. Doing so, at scale, could wreck an entire economy.

Authenticity
Gold has another feature that’s extremely important for any store of value or currency: authenticity. For millennia, gold has been used as both a currency and as a store of value. It has been prized throughout its history because of its scarcity. Gold has been used in money, in jewelry, in crowns and in palaces. Gold is universally associated with wealth.
Since Bitcoin lacks the thousands of years of history, culture and tradition that impart so much value and mystique to gold, it's easy to write the currency off as inauthentic.

But in a world that's rapidly moving from analog to digital, even a "new" technology like Bitcoin can be authentic. When it comes to digital money, Bitcoin certainly fits the bill. Of the thousands of different tokens that label themselves “digital currency,” Bitcoin is the very first. That grants it an important claim to the property of authenticity.

There are many great altcoins, but none of them were first. None of them can reasonably claim to be the best. None have a higher market capitalization. Bitcoin is the first, has the largest network effect, is the most universally recognized and is authentic.

Asset or currency?
As Bitcoin inches toward mainstream adoption, economists and finance experts debate whether it’s an asset or a currency. In terms of valuing Bitcoin, that argument couldn’t be more irrelevant. It doesn’t matter how people use Bitcoin; what matters is why people choose to own it.

Bitcoin’s future
The future of Bitcoin is almost certainly a bright one. Various analysts and traders have tried to guess the value of Bitcoin in the future, with some saying it might even reach $15,000 in the near term.

But forget about the near term. If Bitcoin is digital gold, then its long term value is what really matters. Bitcoin is rare. Bitcoin is scarce. The vast majority of people don’t own even a fraction of one.

What’s Bitcoin’s long-term potential? Bitcoin could easily become so valuable that even millionaires can’t afford an entire coin.

Why LTC why not ETH or else if you are in doubt with LTC

The Battle Continues Between Bitcoin and Bitcoin Cash

The less than one-month-old digital currency Bitcoin Cash recently experienced a significant reduction in its mining difficulty following a difficulty adjustment. The code specifies that if not enough blocks are found in a certain period of time, a difficulty adjustment will occur.

As a result of this 60% reduction in difficulty, the cryptocurrency temporarily became more profitable than Bitcoin to mine. Bitcoin Cash, for a time, attracted nearly 40% of Bitcoin’s miners.

Because of the huge surge in hash power and the low difficulty, Bitcoin Cash’s network produced the requisite 2016 blocks very quickly, and now another difficulty adjustment has occurred. Bitcoin Cash is now much harder to mine and is less profitable than mining Bitcoin. Miners have now abandoned Bitcoin Cash in droves, causing block times on the network to exceed six hours.
Bitcoin Cash, was created in early August by developers who were unhappy with Bitcoin’s adoption of SegWit and its shunning of larger block sizes. Since both Bitcoin Cash and Bitcoin use the same proof-of-work to safeguard their transaction histories, both networks  are now effectively competing for hash power as miners continue to mine the more profitable chain.

Bigger question looming
In November, the Bitcoin network is set to once again decide on an upgrade. At that time, the 2 MB blocksize of the SegWit2x agreement will be implemented. While the vast majority of miners and exchanges are apparently supporters of this, Bitcoin’s core development team is strongly opposed.

Since the 2 MB blocksize increase will be a hard fork, there’s a chance that Bitcoin’s core team and their supporters will continue mining the legacy chain after the upgrade occurs. That could result in two different networks competing for the “Bitcoin” name.
Meanwhile, Bitcoin Cash’s price has dropped to slightly below $600 from a high of $1,000. The price of Bitcoin, has maintained stability in the $4,000 to $4,500 range for several days.

You need how many coins

October 11, 2017 United Kingdom

ICO Event London 2017 is one of the first major events dedicated to a popular investment generation tool called Initial Coin Offering. The event will involve blockchain and cryptocurrency experts, venture investors, lawyers and startup founders, raising a great startup capital due to the ICO. Guests will be able not only to talk to speakers but also to attend the exhibition area.

What can you take after work there

Start : Aug 21, 2017
End   : TBD

Enigma is passionate about the role of crypto-currencies in defining the future of personal financial freedom. Inspired by the rapid growth and proliferation of crypto-assets, they propose Catalyst - an off-chain decentralized exchange protocol coupled with the first investment platform focused on enabling developers to build, test, and execute micro crypto-funds. Our long term vision is to create a marketplace of trading strategies that non-developers can use to invest in the wisdom of the quants.

Tim Draper venture capitalist

I'm sure you have not seen the whole thing

Major Japanese customer-to-customer ticket exchange marketplace, Ticket Camp, has announced that it is already accepting the digital currency Bitcoin as a form of payment.

The move is a major boost to the cryptocurrency as the exchange has about five million users across the country.
According to the company, the digital currency exchange Coincheck will handle all the transactions made in Bitcoin.

First in the industry
With its acceptance of Bitcoin, Ticket Camp became the first member of the ticket industry in Japan to adopt the virtual currency and use it in its transactions.
Because the digital currency was already approved by the Japanese government as a form of payment and Ticket Camp is a web-based oriented platform, this move could become very beneficial in the long-term.

Bitcoin, however, will not be used to replace the conventional payment methods currently being used at the ticket exchange marketplace.

Issues on the adoption of Bitcoin
Despite its great potentials, several possible problems could be experienced by the company in using Bitcoin as a form of payment.

One of the issues is how the company will collect its 13 percent fee for every sale transaction.

The fee is evenly split between the seller and the buyer, and it is still uncertain if the firm will keep their cut in Bitcoin or convert it to fiat currency immediately.
Another issue is whether the use of Bitcoin will effectively eliminate the sale of fake tickets.

This problem has already been plaguing the country’s ticket industry for a long time and stopping it has been proven to be very difficult, if not nearly impossible.
Although Ticket Camp utilizes an escrow system to hold payments until the tickets properly reach their buyers, this was not effective in dealing with fake tickets.

It's a scam or not
A lot of good ones are also a scam

Woww  really, what's up to it

The price of the digital currency OmiseGo (OMG) has been experiencing decline as of mid-August 2017, and eventually recovered after the show of support by the Thai Ministry of Finance.

The company is actively operating in Asia, particularly in such countries as Indonesia, Thailand, Singapore and Japan. Among the company’s investors are Golden Gate Ventures and SBI Investment.
Omise’s prominent list of advisors include industry experts Vitalik Buterin, Vlad Zamfir, Gavin Wood and Joseph Poon.

The cryptocurrency has previously reached an all-time high of $9.3 per token recently, but this came down to $7.9 and has recently recovered to $8.02, as of press time.
The Omise team launched the OmiseGo platform with a goal to unbank the banked individuals rather than banking the unbanked. The platform aims to provide real-time peer-to-peer (P2P) value exchange and payment services to participating customers.

It utilizes Ethereum Blockchain in providing its financial services to customers around the world and can be accessed by any user as it does not require a customer’s bank account to conduct business.
Just recently, Omise has successfully completed its digital currency initial coin offering (ICO). The company has raised $25 mln in the crowdsale that paved the way for the introduction of the OmiseGo token.

This token is used in all the services currently offered in the OmiseGo Blockchain, including those in the firm’s decentralized exchange, liquidity provider and asset-backed gateway.
The company’s market cap has increased to $777 mln in recent weeks.

In its essence, Ethereum extended over the Bitcoin payment mean, by adding a rich programming language enabling the execution of smart contracts.

While this innovative technology attracted a great deal of crypto-enthusiasts that saw in it great potential, it also became home to cybercrime in a significant way.
As it is often the case with new technologies, hackers embraced it and stole millions of dollars in the past years.

The first major cybercrime incident
Many cryptocurrency enthusiasts recall the month of June 2016 as the month of the first major cybercrime incident on Ethereum. The network started gaining momentum when The DAO project was announced, and its ICO managed to raise a historic $150 mln.

Such an amount inevitably peaked the interest of hackers that began exploring the project’s code, and ultimately finding a “bug.” It was used to drain $74 mln of the raised pot, which represents nearly 40 percent of the total ICO funds.
While some of it was eventually recovered, the incident rang a first red alarm and called for more security and caution when dealing with Ethereum.

The rise of the Ether thieves

Since Ethereum makes it relatively easy for developers to build complex smart contracts and decentralized autonomous apps (DApps) and given the rising price of ETH, it became the platform of choice for these token sales that became more popular than ever.
Not only do these ICOs cripple the Blockchain on a regular basis, but there is also a significant security risk associated with such projects. Chainalysis estimates that out of the $1.6 bln invested in ICOs this year, $150 mln have ended up in the hands of cybercriminals.

In other words, 10 percent of raised funds end up in the wrong hands. This accounts for approximately 30,000 victims losing an average of $7,500 each.

Exploits, hacks, phishing and Ponzi
The common cybercrimes on Ethereum can be categorized into four categories: exploits, hacks, phishing and Ponzi schemes.

The highest grossing exploit was the DAO, but another $30 mln was stolen from the Parity wallet in June 2017.
While some cyber criminals have opted for high profile hacks and exploits, phishing is actually driving the most revenue today.

It now makes up more than 50 percent of all cybercrime revenue generated this year ahead of exploits which sometimes get the most coverage in the press due to their nature

Statistics on cybercrime on Ethereum are made possible given the public nature of the Blockchain that allows the analysis and auditing of transactions made on the network.

More and more solutions are launched to keep tabs on Blockchain trends and extract intelligence out of it.
The Ethereum technology is improving, and developers are writing more secure contracts which are positive trends. However, protecting users from phishing is a different matter.

The Ethereum Scam Database, which has been created in 2017 by the MyEtherWallet team, regularly identifies and lists the ongoing scams, and it is worth checking before investing in an ICO.

The non-profit Zcash Foundation has announced that it is offering $80,000 worth of new grants to innovators and technologists for the advancement of the privacy-oriented digital currency Zcash.

The foundation said that the grants should be used for software development, science and research, and community outreach.
Zcash is a privacy-focused digital currency protocol that allows its users the option make anonymous transactions through the use of a bleeding-edge cryptography method called zk-SNARKs.

The cryptocurrency was conceived as “Zerocash” in 2014 by researchers at Johns Hopkins University and a group of cryptographers at the Technion – Israel Institute of Technology, Tel Aviv University, and the Massachusetts Institute of Technology (MIT).
The Zcash Foundation was established to supervise the development of the digital currency’s platform, which was officially launched in October 2016.

How to apply for the grants
Those who want to apply for the grants can submit their proposals on GitHub by Sept. 15, 2017. The proposals will then be reviewed and considered by a group of reviewers that include cryptographer and University of Luxembourg professor Alex Biryukov and Vlad Zamfir, a researcher at the Ethereum Foundation.

Other Zcash developments
Meanwhile, the efforts to improve the digital currency have continued behind the scenes. One of the Zcash projects is the major software upgrade called Sapling. The upgrade focuses on the integration of new innovations into the protocol.

Among the proposed changes is the inclusion of a payment disclosure feature in which information can be embedded into the Blockchain in a manner that only the parties involved in the transaction can see it. The developers also intend to add a feature called Cross-Chain Atomic Transactions (XCAT) that will enable inter-Blockchain transactions involving leading digital currencies like Bitcoin and Ethereum.

Wikileaks recently announced that they will now accept Zcash for donations.

Bitcoin prices remain volatile but broadly above the significant $4,000 as belief its value has turned a corner grows.
An analysis of cross-exchange data from Coinmarketcap shows around 4.5 percent volatility in the 24 hours to press time, coupled with continued high trade volumes.

Bitcoin’s price performance continues to outdo the majority of major altcoin assets, many of which continue to slide on lackluster sentiment while investment flows into Bitcoin.
Trade volumes compiled by Coin Dance for LocalBitcoins and Bisq (formerly BitSquare) show new upticks for both platforms after a period of declining activity. Paxful also continues to gain traction.

Bitcoin’s stabilizing above $4,000 meanwhile has led to suggestions it will “never” go below $3,000 again.

Sentiment throughout the industry and beyond remains bullish following the virtual currency’s huge swing upwards this week.
Now, multiple factors are contributing to opinions not only that Bitcoin will reach $10,000, but that it will not dip below levels celebrated as historic highs just one month ago.

These include “prominent” analyst support, one post on Reddit explains, Russia’s Bitcoin mining plans, Blockchain capital influx from what Union Square Ventures’ Fred Wilson termed “dumb money” and others.
Nonetheless, some sources continue to express caution, BlockTower Capital CIO Ari Paul not ruling out a “collapse” to 50 percent of current prices but adding this would still place Bitcoin firmly ahead of alternative assets for 2017.

Call it a coincidence, but the Bitcoin price reached $3,136 per token on its 3,136th day of existence (August 9, 2017).

The digital currency was established on January 1, 2009.

Although this is just a fun and useless statistic, it shows how the cryptocurrency has expanded by leaps and bounds since its creation. This also means that the virtual currency is already effectively worth one dollar for every day it existed.

Sign of Bitcoin’s phenomenal rise
This statistic can be considered as insignificant and could mean nothing to the majority of everyday consumers.
Digging deeper, this coincidence shows how Bitcoin performed solidly over the years as compared to other cryptocurrencies. Based on careful examination, there are very few virtual currencies that are in existence today that can match or surpass Bitcoin’s feat.

One Reddit user pointed out that even the fiat currencies like the dollar cannot match Bitcoin’s performance. In fact, fiat currencies are constantly losing their purchasing power to inflation. Bitcoin, on the other hand, has registered a rapid increase in purchasing power.

History of Bitcoin
Bitcoin is a global virtual currency and digital payment system that was developed by an anonymous programmer or a group of programmers who used the alias “Satoshi Nakamoto.” The cryptocurrency is used directly by the users when they conduct peer-to-peer transactions. The transactions are recorded in a public distributed ledger called Blockchain.

The digital currency can be considered as the first decentralized cryptocurrency as it is used without a central repository or single administrator.

Based on research by Cambridge University, there are already between 2.9 to 5.8 mln unique users of a cryptocurrency wallet in 2017, with the majority of them using Bitcoin.

Following the expected surge in Bitcoin price, Ethereum recorded a staggering 16 percent daily surge in value, increasing from $265 to $317 within a 24-hour period.
Since its initial surge in value, Ether price, the native token of Ethereum, stabilized at around $282, recording a nearly $20 increase within a single day.

Normally, the entire cryptocurrency market fluctuates based on Bitcoin price. When Bitcoin’s value increases, other alternative cryptocurrencies or altcoins tend to follow.
The recent rise of Bitcoin price played a vital role in creating upward momentum for the rest of the cryptocurrency market.

Ethereum increased at a significantly larger rate than other cryptocurrencies, climbing back from its previous $19 bln market cap to over $27 bln.
Often, it becomes difficult to state exact driving factors in the rise of Ethereum. Hype around the initial coin offering (ICO) market has been a major driving factor as ICOs started to raise hundreds of millions of dollars in their campaigns.
But, perhaps most importantly, as BitGo engineer Jameson Lopp emphasized, the best indicator of the growth and stability of a cryptocurrency is developer activity around it.

"We found that the best predictor of a cryptocurrency's exchange rate is the amount of developer activity around it,” said Ivey Business School professor JP Vergne.

Recently, it was revealed that some of the largest technology and financial companies including Visa, IBM, Microsoft and USAA are actively seeking for talents within the Ethereum community.
Mainly due to the creation of the Enterprise Ethereum Alliance, an increasing number of large-scale conglomerates and multi-billion dollar companies have started to build applications on top of the Ethereum protocol.

Visa stated:
“We're seeking a strong developer experienced with Ethereum and Blockchain architecture to be a part of a team tasked with building distributed application. Our ideal candidate has built and released distributed applications, has worked with the Ripple, R3, Ethereum and/or Bitcoin Blockchain, and has experience with Solidity.”

The Ethereum industry itself has also seen massive growth in regions such as China and South Korea, which are relatively new to Ethereum and applications around it.
In fact, China has become such a large market for Ethereum in terms of trading volume and development that Vitalik Buterin, co-founder and developer of Ethereum, have provided several presentations in Mandarin to the Chinese Ethereum industry.

If demand from large-scale companies and development firms toward Ethereum continues to increase and the ICO market begins to demonstrate actual decentralized applications that can serve active user bases and experience success, the value of Ethereum will likely continue to surge in the upcoming months.

Previously, Cointelegraph reported that RT host and financial analyst Max Keiser predicted Bitcoin price to “cruise through” $5,000 in the short term.
With the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit) lock-in achieved, the market and investors are expressing their confidence in Bitcoin and its ability to scale.
The certainty and imminence of SegWit activation has definitely acted as a driving factor in sustaining the upward momentum of Bitcon’s value.

Scaling debate on Bitcoin and its block size has been prolonged since 2015 and the activation of SegWit marks a significant milestone in Bitcoin and the first major step towards scaling.
But it is also inaccurate to attribute the surge in Bitcoin price solely to the activation of SegWit.

Throughout 2017, mainstream adoption of Bitcoin by general consumers, traders, institutional investors, large-scale conglomerates and merchants significantly increased.
Such rapid increase in adoption demonstrated the acceptance of Bitcoin as a widely-recognized digital currency, in addition to being a safe haven asset and digital gold to long-term investors.

Three main reasons why Bitcoin price will continue to rise
Bitcoin price will likely increase at a consistent rate in the upcoming months mainly due to three driving factors: adoption by institutional investors, elimination of uncertainty in Bitcoin’s scaling issues and increased legalization of Bitcoin in major economies.

Bitcoin and the entire cryptocurrency market’s daily trading volume has surpassed $5.5 bln, with Bitcoin and Ethereum accounting for nearly $3 bln of the cryptocurrency market’s daily trading volume.
Through highly regulated exchanges including Gemini’s daily Bitcoin auction and the Chicago Board Options Exchange (CBOE)’s Bitcoin integration, institutional investors will be able to trade and invest in Bitcoin with higher liquidity.

Already, some of the largest investment firms in the world including Fidelity Investments, which oversees over $2.13 tln in assets, have announced that they have invested in Bitcoin and Ethereum.
Fidelity CEO Abigail Johnson stated:

"We have built proofs of concepts that accept Bitcoin micro-transactions. We set up small Bitcoin and Ethereum mining operations, just done in the spirit of learning. But I am still a believer – and it's no accident that I'm one of the few standing before you today from a large financial services firm that hasn't given up on digital currencies.”


Perhaps more importantly, uncertainty around a hard fork execution and Bitcoin’s scalability have been eliminated with the recent Aug. 1 hard fork of Bitcoin Cash (BCH).

For years, the Bitcoin community and industry have expressed their concerns over potential security issues of a hard fork but in actuality, the BCH hard fork had minimal impact on the Bitcoin network and the value of Bitcoin and demands towards the digital currency have never been higher.