News, Rants and Thoughts
There is no "The Blockchain"
Government blockchains have nothing to do with it. Tell everyone you know.
First, 2017 was the year of crypto.
I don't use Western Union and I don't use bitcoin any longer either. Like an 8-track tape, the quality and speed are just not there anymore.
Still, 2017 is the year of Crypto
Specifically December of 2017. That is when Japan made it money, China gave up on trying to ban it, Coinbase was overloaded, Youtube started showing 100% ICO and Bitcoin related ads, The USA started crushing Bittrex and Poloniex (to my knowledge) in order to get all documents of all users in order to tax those 19k-coins that people were so happy about. Yes, the USA is a buzz-kill.
Anyone who has watched at least one video on the most annoying video site, knows this guy, "Bitcoin is all over the news!"-Huff huff and I knew nothing about it till now so "Listen to me! Go to my web site." Huff huff.
source = an annoying ad
source = a still annoying ad
He tells the old pizza story that came out when bitcoin hit $100.00 - I have never sat through one of these ads and have no idea how he got his big house or cars and I don' t care.
It is crazy! The sheer quantity of ads dominating everything. Then there are the negative news items from everywhere. The same kind that got trump elected - just put the name out there 24/7 and people need to have it whether it's Trump or Bitcoin. (so glad I am out of it)
Trump Trump Trump Trump Trump Trump over and over got him elected.
Bitcoin bitcoin bitcoin... Will make people want it. They have to have it or die!
Positive press or negative press. It's all good.
It doesn't matter if it is useful for transferring money or costs more than Western Union. Makes no difference if they know how to store their private keys. Who cares if they store it all on Bittrex only to find out they can't get it out without submitting to a financial strip search.
By the way has anyone seen Andreas testifying before the Canadian Congress - an interesting watch...
So much has happened just these last 12 months. One thing for sure. Everyone knows about or has heard about Bitcoin. That's good news!
There are 33 million millionaires and bitcoin cannot even provide 1 BTC to each millionaire. What do you think that will do to the price? Even in the end (when all are mined) there will be 10 million millionaires that can't have one.
Second, "Blockchain" Means Nothing!
There is no such thing as "the blockchain" Get the word out.
Parallel: There is no such thing as "The Burger" either. As if we are all eating bites from the same actual burger. For that reason, "The Burger" must to be good, right? The rhetoric that people should flock here or run there because they have "Blockchain" - Yeah!
No, not good.
Facts
- There are thousands of blockchains.
- Every crypto has its own.
- 95% of them are open source (secure).
- 95% of them are decentralized (the only freedom loving kind).
- The rest are centralized (not safe or even useful).
A centralized blockchain may as well be an email of money!
Hackable. Traceable. Inflatable. Freezable. Seizeable. Stealable.
- Stay Away from that!
Third, Venezuela is Issuing Centralized Crypto
This needs to flop. If he can inflate 20,000 bolivars to a value of $2 then this new crypto which he owns, mines and issues will be no different. Not worth squat!
A simple Startpage search will show you what is happening. This leader thinks his coin will be "The" coin in Venezuela.
He is calling it, "The Petro" which will be al pedo (waste of time, for nothing), and it will end up being like a fart in the wind. (Pedo means fart in Venezuela talk)
So, we need to talk about centralized blockchains and expose them when people talk about their Ripple earnings and such. Get a clear understanding of what kind of crap we are being sold. Blockchain is nothing without its main feature - decentralization.
What is "The Blockchain" then?
When someone refers to anything as "The" something-or-other, they usually speak of the one that is biggest, best, most powerful, most popular, or the only known _________ (fill in the blank).
If I tell you that I spoke to "The President" the other day, your first thought is that I am lying. With good reason, it's hard to believe that I casually met Trump only days ago. I more likely am referring to the president of my tree-house club.
What is being perpetrated on the general public in the year of crypto and 2018, is a classic knock-off.
Many are talking about how they are putting your funds on "The Blockchain" so that you think your money is worth $15,000 or maybe that your money has hundreds of billions of computer graphics cards and ASICS hashing away to keep it safe.
What they really want to say is, "We copied the code and have an empty hard drive with three mined blocks on a local area network. You can't review the changes we made nor the code but we want you to buy our coin. As an added benefit, you can pay 15-40% of every coin you buy, sell or trade to the government in taxes!"
They all claim to be "on the blockchain" or "we use blockchain" but there is nothing special about blockchain. Blockchains did not do anything to secure crypto-coins.
Decentralization and confirmations over time, as blocks are created, is what keeps those $18k- coins safe. That is what solved the double-spend dilemma.
It's our job to tell everyone
That there is only one bitcoin blockchain. The government is welcome to try to get a transaction through on it. Other decentralized blockchains exist. Decentralization makes them valuable and safe from governments who only know how to inflate money and then tax you on the perceived value increase.
The part about Venezuela, hilarious and so true. That is going to be a worthless mess
Some only make $20 per month and the spend a months salary on bitcoin transfer fees. :(
I try to take real issues and present them in a way that is not so boring. Creative wording helps when bringing bad news.
totally agreed about creating wordings helps in bad situations @htooms
This is a really bad situation.. :( @htooms
Petro is shit!, its just a desperate attempt of surviving the terrible inflation our country lives... Maduro have no more way or rewarding his loyal corrupt followers and he is hoping this will help him to get bit longer support and get re-elected... He will attemp to give each Petro a fixed and convenient price, but free market should give him a lesson (again)...
There is nothing keeping his new coin from going the way of the paper... Totally agree!
It is the antithesis of crypto. Why would even Venezuelans put their money into it? Just keep their paper currency. The only reason Venezuelans would buy crypto is to take their money away from being tied to the state. I sure as hell wouldn't put my money in some other country's crypto. Total flop.
good job @htooms
Happy new year boss
Its been a long time i have seen you online
How have you been ??
I have been rockin' the crypto world! Looking at real estate as I hit into my fourth million (just on Steemit). This has been a wild ride!
And it got wilder and wilder in the last 34 hours!
Fourth million
Wow
I hope it gets wilder this year
The Year of Steemit or The breakout year of Cryptos
Nice ring to it
Wohw, impressive. There is the expression in German "den richtigen riecher haben" which literally means to have the right nose (meaning instinct). Well invested sir, are ETH & STR making you happy currently ;)?
They are definitely makinh him happy
He is a smart boss ☺☺
There was a time that I was posting my 53rd place on steemwhales.com. Some people in real life found out my nick, so I had to reduce and make myself less conspicuous. I am not big on Eth, it's pretty steady. Stratus has always made money for me .
Thank you for this in depth review which helps a new Steemian like me make sense of things. I've only been on Steemit and in the cryptocurrency world for a week now and the avalanche of information, whether accurate or false, is difficult to filter through.
I look forward to reading more about your insight on the crypto world.
Crypto-currency put down the value of other currencies
Haha, they were going down way before that. The printing press put down the value :)
just my observations
https://steemit.com/bitcoin/@coinbizpro/how-to-earn-200-per-week
Nice nick! I have actually been there and done that. Well, a little of everything and a lot of crypto - hehe
I have been meaning to vent my frustration. Everyone wants to get in on the bitcoin train though it has left. (I still have a few in cold storage for the day to come when it scales.) Others want to yell "Blockchain!" hoping someone will run up and hand them money.
wow for this first time i know that japan make it currency and the usa was trying to crush bittrex thanks for giving this informative post brother keep sharing good stuff its really nice from you
This post has received a 15.67 % upvote from @booster thanks to: @htooms.
Excellent work dear friend @htooms, as you have us accustomed, however it is to read it carefully and to draw conclusions from his words and interpret the message, thank you very much for the good advice you always give us for the newbies in the cryptographic and financial world.
I wish you a great year dear friend, that life pleasantly surprise you.
Thanks! You are not really a newbie with a rep of 73? I appreciate your consistent support through it all my friend.
A newbie in the world of cryptocurrencies and inversions, these areas really are not my strongest
I wish you a great day
2018 is going to be an interesting year where well see governments trying to create a centralized block chains. Ripple leads the way but mang, since thiss space is so news driven, this coin has some legs.
I normally trade anything that fluctuates, but I had my experience with Ripple when it first came out. It worked well, but you have to undo your trades before you take out the money - the strangest thing I had ever seen. It would be like trying to get the same dollar bills back after the poker game ends - looking for the serial numbers. If that's not bad enough, add to it the fact that it's centralized.
As a matter of principle, I would not trade that coin.
The bitshares UI and ease of use is definitely lacking, if they can fix that, then it'll be a tough competition to the centralized ones!
Happy New Year @htooms, wish you much more success :)
I know. I seem to have to babysit each and every new user and explain how to secure the account, then give them bts so they can create a user friendly password (no edits without paying for them in bts), and finally explain gateways and bridges.
I believe any blockchain based exchange will have similar problems. A gimmeyourdough.com exchange can make things simple, but you are depositing in the owner's pocket. And the owner is subject to USA laws. See Bittrex (doxing ppl) and Poloniex failing on support tickets.
babysitting by @htooms doesn't sound so bad ;) well laziness and comfort is a factor that pulls people (including me) to these centralized ones, but I hope to make some changes soon... And I just wonder the number of airdrops and free coins these centralized stuff receive just for holding people's funds... Personal wallets are must for long term holdings...
With all the fuss being made about Bitcoin and cryptocurrency in 2017, it still made a huge statement, I do not understand how Bitcoin was so marginalised yet made so much name, and investors became do rich, that may be the reason why some countries like Venezuela are fretting, it may be as a result of what we don't know, or fears they are nursing, but like a phoenix Bitcoin is always rising as ever
I know many people from Venezuela and they report that bitcoin has been the only useful currency in the country for over 6 months now. They are putting up with $30 transaction fees and slow block times. The paper there is now free. It costs nothing to get paper bolivars.
A $30 transaction fee is proposterous really!
Gouvernements are freaking out and they are going to try to put something during the G20 , our economical systems living on debt is coming to end some way or another , people do not want to live like this anymore , knowing that banks have total power and that our politics will do all it takes to keep up this way of doing . In 2015 during a labor day , our gouvernement voted a law allowing banks to take from people’s savings to save themselves if needed . I had posted the fact with links to all articles that pointed to it . And what was the mainstream reaction ? Fatalisme. As we could do nothing about it ...... So today I am happy cryptos existe , I am happy that at last mainstream media talks about it . At last people seem to be reacting . When I started talking about btc a few years ago , all I could hear was that is criminal money , no one talked about the fabulous technology behind it . Why ? Btc has become popular because the media has « advertised « it as high money making ...... They are paying attention now , and they can be receptive to learning the technology behind thanks to blogs, youtubers , speakers , this whole crypto community that is being finally heard and followed .
Correct you are. I stopped using banks years ago. I actually don't see a need for them. They are far more risky than the price changes in crypto.
I posted yesterday an article on the Europeen central bank and their desired regulation .....
Wow nice bitcoin
That's great info and good job @htooms
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STOPcrypto is a shock for lots of governments lately,,, even if they are trying to pass lots of laws to fight against cryptocurrencies,, normal people want it and believe in it. thats why we will never see it down.
the word decentralization scares the powerful ones.
Cheers
your thinking really diffrent
good shot batter then last post..
like your post!
just my observations
https://steemit.com/bitcoin/@coinbizpro/how-to-earn-200-per-week
Excellent post friend... @htooms
resteemed
Thank you very much for writing about cryptocurrency in detail.
thanks for sharing @htooms
Happy new year friend and very nice post. @htooms
just try to help
https://steemit.com/bitcoin/@coinbizpro/how-to-earn-200-per-week
great work , yes crypto are the future of the financial system and it will make us multi millionaire
good post, hope crypto can grow rapidly
that's a great post. thanks for sharing
Very good post thanks :)
really nice information..tnx for share
That's a great job dear @htooms
unfortunately those us who live in Venezuela, we must bear the consequences of the mediocrity of those who govern us, there are few options, sadly, the majority has opted to emigrate. REALITY
just my observations
https://steemit.com/bitcoin/@coinbizpro/how-to-earn-200-per-week
Much thanks to you for this top to bottom audit which helps another Steemian like me comprehend things. I've just been on Steemit and in the digital money world for seven days now and the torrential slide of data, regardless of whether exact or false, is hard to channel through.
I anticipate perusing more about your knowledge on the crypto world
nice informative post do you have steem.chat or any other source of communication brother
?
just my observations
https://steemit.com/bitcoin/@coinbizpro/how-to-earn-200-per-week
I used to hang out on Steemspeak, but time has been precious lately. Travel, life, family...
I hope to get back on there one of these days.
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What am sure of is that we are in the crypto world. Government can try their shit but bitcoin blockchain and other decentralized blockchains have come to make lives better.
Happy new year to you @htooms
I learnt a lot of things through this post . I am a new member of steemit and the amount of knowledge that i have gotten here knows no bound.
Excelente post. Gracias por compartir la info!
Good job @htooms .. Fllow and upvote me please...
Ripple (XRP) is a fully centralized banksters coin yet it has a market cap of $124 billion as of posting. Is Maduro on a quest of having some of that "free money" being poured into cryptocurrency market? Ripple's being pumped by hype and greed, although some conspiracy theories arise too. Let's hope free market will discard yet another shitty pseudo-project from a dictator wannabe!
Decir que el Petro tendrá éxito o será fracaso sin haber salido el primero es pura especulación, esperemos que pase los días y veremos los resultados. lo cierto es que ha dado mucho de que hablar en el mundo. Esperemos, veremos que provecho le sacamos lo que estamos en el mundo de las criptomonedas.
Which crypto are you suggesting for use potential such as having the ability to be used in many parts of the world?
friend the PETRO is completely illegal do not know if you know that violates Article 3 of the Organic Law of hydrocarbons that prohibits giving oil reserves as collateral, but still do what they want these are desperate measures to cover the imflation
good job @htooms 🙋♀️
Wow nice bitcoin 👍
Thank you for the valuable information! I'm new to the world of crypto. Thank you for your support! My greetings for you, friend @htooms !
@htooms So true about the your money is on the blockchain hype..
YOUR MONEY <--- see I just put "your money" on the blockchain, hehe wanna invest with me?
BTW, I nominated you take part in the Seven day Black and White Challenge in my last post.
that's the time. @htoms 😊hehe
they save money for a bright future.
which is the problem of many countries should not use viktual money that is coin. will destroy the economy of poor countries.
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