This was a while after I first heard about Bitcoin. I have previously posted about this and I have said that I didn't get into Bitcoin despite gaining a lot of interest after reading about it. There was no easy way to get into Bitcoin. There wasn't a sing Bitcoin ATM in my country and I have never seen an ATM for any crypto in my life. This was the time before I became a highschool dropout. I barely had any money and it wasn't even easy for me to figure out how the financial transactions related to the cryptocurrency ecosystem work.
I soon let go of Bitcoin and moved on only looking at few YouTube videos and occasional news. I did understand it was very important. But I didn't know much about how the technology operate. After finally setting up some centralized exchange accounts and getting into mining, cloud mining contracts etc. I was finally acquiring cryptocurrency by 2017. At the time I had already figured out Bitcoin was too much of a technological dead horse. It is merely an asset of speculative value.
I simply bought Ethereum as it was where the really cool things were happening. There were smart contracts. Even as a teenager I was imagining kind of self-executing contracts that take care of everything without having a bunch of people or authorities going over them. It was so easy to connect with the concept of DAO (which are basically unmanned companies as @stan would call them).
The Rise and Rise of Bitcoin (2014)
The Rise and Rise of Bitcoin (2014)
Director: Nicholas Mross
Writers: Patrick Lope, Daniel Mross
Stars: Gavin Andresen, Brian Armstrong, Margaux Avedisian
Genre: Documentary, History, News
Country: USA | Panama | Japan | Canada
Language: English
Release Date: 10 October 2014 (USA)
Also Known As: Bitcoin: en digital pengebinge
Filming Locations: Pittsburgh, Pennsylvania, USA
It's Free and Licenced
We have acquired the rights (at least for specific territories) from the rightholders by contract. If you have questions please send an email to: [email protected], Amogo Networx - The AVOD Channel Network, www.amogo-networx.com
After six years the documentary has been released for free. So much has changed in the industry. 2014 was the year Decentralized Autonomous Organizations became a reality. Dash was the first and BitShares followed soon with their DPoS and massive scalability and impressive DEX.
Dash Article from 2016
The documentray covers much from the time period that I missed from the cryptocurrency industry. The article from 2016 can illustrate how much things had changed in two years from 2014 to 2016. The documentary shows much of the good, but not enough of the good and even great ideas that were shelved.
As @taskmaster4450le replied to me, "speculation is the name of the game for Wall Street" and "When institutions gets involved, they are not doing so they can transact in another currency". With no decentralized funding mechanism, BTC easily became controlled by outside parties that may not always have their interests and incentives aligned with the blockchain itself.
This is what makes me such a fan of any project that follow the ethos of Dash DAO and create some form of on chain governance and decentralized funding mechanism. These are both things STEEM/HIVE/BLURT posses and I see a great potential as long as they are properly exploited for maximum gains.
Few Reviews from Amazon
IMDB Reviews Makes Good Comedy
Google Trends Say Bitcoin Isn't That Interesting
You may think that we are reaching all time high interest in Bitcoin because the prices have made it to an all new ATH. But the statistics paint a very different picture. The interest in Bitcoin is nearly a quarter of its all time high in search volume on Google. DuckDuckGo and other privacy oriented search volume cannot alter the picture painted by the data from world's most popular search engine.
Africa is Interested in Bitcoin
There is a lot this conteinent can gain from blockchain technology. They are not going to get it from BTC with massive transaction fees and no real plans of scalability. Lightning Network has become nothing more that a complete farce. Pegged BTC on EOS with smart contracts will achieve far more that what Lightning Network can dream of.
Africa seems to have caught on to the fact that they can improve their lived with cryptocurrency instead of merely speculating on the price like many developing nations and their bankers are doing.
Full List from Google Trends
Hi @vimukthi
Welcome to PH (project.hope) community :) Hope to hear more from you in the future.
ps. check out comment from project.hope and cyu on our discord.
Cheers, Piotr (@project.hope founder)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I remember when Bitcoin first came out in 2008, and my freind begged me to spend $300.00 on bitcoin, which would have given me 30,000 bitcoin. He did, and I didnt. In 2016, I opened a Coinbase account, and bought a few dozen for around $10, and gave away the majority of them on various platforms to people who were needy in other countries. I have less than one bitcoin now, and its worth over $7,000.00 today. I was going to buy bitcoin earlier, but the Mt. Gox failure made me decide not to. If you want to know what the REAL pyramid scheme is, just look at the Federal Reserve, which allows banks to lend 10X their actual holdings in the form of mortgages and auto loans, etc. I decided that Coinbase is the safest place to store and use Bitcoin and other cryptos, due to the fact it has SEC oversight and is staffed by former members of the SEC and Federal Reserve, et/al, whereas other exchanges arent. I decided to open accounts on other exchanges, so as not to have all my eggs in one basket. Had Coinbase existed in 2008, and I had invested the $300.00, like my freind did in 2008, I wouldnt be eating hotdogs and ramen noodles for Christmas. I still remember the first Bitcoin transaction of 20,000 BTC for 2 pizzas, from a British guy to a man in Florida, back in the day. Hindsight is always 20/20. Im leaving my fraction of a Bitcoin alone in coinbase, hoping that it soars to half a million, so I can pay off the remainder of my mortgage ($70,000) and $15k line of credit, and finally be debt free, with some left over for me to attempt to retire on. Fingers crossed. Always good to read your posts, Vimukthi. Look me up if youre ever in Florida.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I had no idea BTC existed until it was around $1000
One of the great things about STEEM/HIVE/BLURT is that you don't even have to spend anything to give away. I can simply vote on people like @cryptopie regularly and show my support. I recently managed to onboard 2 users because I had claimed accounts. I just made 2 accounts on STEEM and HIVE and sent the users private keys. It barely took any time and they didn't have to provide anyone anything in money or even E-mail.
That is actually one of the better cases. Many countries don't even have a reserve requirement: https://en.wikipedia.org/wiki/Reserve_requirement
Best of Luck! You deserve that. I'm all in on altcoins. I post a lot on https://leofinance.io/@vimukthi You might even have a good time at https://next.d.buzz where you can share short form content. You can use your STEEM private keys for both HIVE DAPPS and Blurt: https://blurt.blog/@marcoagarcia3rd (you've got me as your 1st follower there) You can try reposting your best content back on BLURT. They transferred account balances but not post history or followers there.
Thank you! I'm honored :-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Reserve requirement
The reserve requirement (or cash reserve ratio) is a central bank regulation that sets the minimum amount of reserves that must be held by a commercial bank. The minimum reserve is generally determined by the central bank to be no less than a specified percentage of the amount of deposit liabilities the commercial bank owes to its customers. The commercial bank's reserves normally consist of cash owned by the bank and stored physically in the bank vault (vault cash), plus the amount of the commercial bank's balance in that bank's account with the central bank.
The required reserve ratio is sometimes used as a tool in monetary policy, influencing the country's borrowing and interest rates by changing the amount of funds available for banks to make loans with.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was screaming against this scam. But people can easily be blinded by ideology, personalities and plain old greed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
How are you doing Vimukthi? Im giving up on this site, its become to complex for an old man whos had a stroke. I just wanted to find some people in North Florida to talk to and hang out with. Im giving the steem away if you want it. It was a great site in 2017, but now its a constant "lesson" and I cant find the majority of my freinds anymore, because of this beehive bullshit. Its all yours, I think you can see my wallet. Marco.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello @vimukthi
Thank you for posting within our project.hope community on STEEMit.
Please spare few minutes and read how project.hope is organized and learn about our economy.
That would help you understand more our goals and how are we trying to achieve them. Hopefully you will join our community and become strong part of it :)
Do you use telegram or discord? If you do then join our server and give me a shout. I would gladly share with you goals of our community and introduce to others from our team.
Consider joining our discord server: https://discord.gg/uWMJTaW
Yours,
@project.hope team,
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit