🤷 Opinions Katya Michaels

BlockSocialChain: How Blockchain Can Become a Tool for “Little Man”

🤷 Opinions
Blockchain is a tool for “little man,” but are they really that little?
BlockSocialChain: How Blockchain Can Become a Tool for “Little Man”
Contents

In 1932, the year before Adolf Hitler was appointed as Chancellor, German writer Hans Fallada published a novel called “Kleiner Mann, was nun?”, known as “Little Man, What Now?” to the anglophone reader. Describing the bleak and hopeless socio-economic reality of life in the last years of the Weimar Republic, the book gained immense popularity and continues to be considered a classic of German literature.

Kleiner Mann, Was Nun? Nun is Blockchain

Fallada’s novel is far from being the first or last appearance of the “little man”– the insignificant clerk with a tiny salary, dependent on the system to provide for his family, caught in bureaucratic loops, powerless to change anything about his situation…

This archetype, as well as his conflict with the machinery of governmental indifference and leviathan financial institutions, makes an appearance in most literary and philosophical works of significance from the Industrial Revolution to the late 20th century. Consider works by Gogol and Dostoevsky, Kafka and Dickens, not to mention dozens of dystopian novels.

As Americans discovered in the second half of the 20th century, the desperation born of powerlessness and socio-economic immobility is not limited to the impoverished and the disenfranchised. In the 1950s, the attainment of the American Dream had become marred by a “general lust for conformity” and a “blind, desperate clinging to safety and security at any price,” as author Richard Yates characterized the context that inspired his 1961 novel Revolutionary Road.

The pressure to conform to a limited worldview became its own kind of centralized power, and society’s willingness to give up diversity and freedom for comfort and convenience, hollow as they may be, turned out to be a harbinger of the social media challenges we face in the early 21st century. The modern “little man” of the West has been appeased with adequate bread and circuses, but as it turns out, remains trapped and exploited. What now?

💼 Related Article
The Acromegaly of Leviathans
🔥 Hot
4 months 1 week
256
The Acromegaly of Leviathans

Catching a break(through)

Technological advances have always been a double-edged sword for human progress, but if there is anything that can help us overcome natural and socially constructed boundaries, it is the application of scientific knowledge. As science and technology advance, people are empowered to strive beyond centralized control to better awareness and freer choices. Telecommunications allowed us to peek beyond our circumscribed worldview, the pill gave women more control over their fate and a better shot at equality, while genetics showed us how our differences are, and are not, defined by a universal human codex.

Blockchain is the next major technological advance that can enable humanity to break from geographic, societal and economic constraints. As more platforms emerge and underlying infrastructure is developed, a device with Internet access and a will to learn about Blockchain applications is all that’s required to become part of the new global economy.

For people in developing countries, access to a secure decentralized financial system, smart contracts and a corruption-proof ledger can make the difference between relentless generational poverty and economic independence through investment or self-employment.

Crystal Rose, a developer and entrepreneur who has been very active in Puerto Rico’s recovery through decentralized solutions, has seen the potential of Blockchain for poverty relief: “My heart is in getting every human to become their own sovereign entrepreneur…. Having seen what kind of impact Blockchain can have on a place that is in need of literally every resource- that's a really big mission.”

💼 Related Article
The Human Soul of Technologically Advanced Web 3.0
🔥 Hot
5 months 3 weeks
256
The Human Soul of Technologically Advanced Web 3.0

The revolution will be incentivized

All Blockchain-based solutions, whether cryptocurrencies, identity tools or entertainment platforms, are built to incentivize good actors and reward behavior that adds value to the network. The incentives include direct financial compensation to those who choose to be active and trustworthy participants of the economy.

Toni Lane Casserly, one of the most vocal proponents of Blockchain-based governance, emphasizes the way Blockchain will redefine the value of human life: “Looking at another human being and seeing their only value as an economic asset is unacceptable…. The only way we're going to [empower] every human life is if we are fundamentally incentivizing people to have economic liberation through real open markets.”

Thus, as users find more gainful options for engagement in the global economy, big business has to vie for their loyalty and cooperation through incentives, rather than guarantee commitment through limitations. Perhaps, with the help of Blockchain technologies in the 21st century, the “little man” will finally gain independence and call the shots.

💼 Related Article
On Fanboy Wars: Opinion
🔥 Hot
4 months 2 weeks
256
On Fanboy Wars: Opinion

Ghosts in the machines

Before that can happen, though, Blockchain technology has to be more widely adopted. Are people prepared to understand and trust cryptographic ledgers?

Alongside the government and financial institutions, the role played by big technology in the subjection of humanity is another running concern in 20th-century literature. In Brave New World and The Minority Report, in Do Androids Dream of Electric Sheep? and Neuromancer, we have envisioned ways in which advanced technology runs away from its creators.

With a gadget placed in the hand of half the world’s population, constant and omnipresent surveillance has become a reality of modern time, even if governments deny it and users prefer not to dwell on it. According to studies, most Americans think that technology plays a large part in improving life now and in the future, but at the same time they are highly concerned about the implications of increased automation and would like to see big technology companies more regulated.

Keeping new technology on our side, such that can take advantage of its possibilities without letting it corrupt our intentions is a delicate balance. Just like the Internet, Blockchain runs the risk of serving the masters it came to undermine. Truly decentralized public Blockchains are as of yet not the right fit for many implementations, but private Blockchains are more susceptible to manipulation. Overall, whether the benefits outweigh the risks is an evaluation that all participants of the new economy and the emerging crypto community will have to make for themselves.

💼 Related Article
On Crypto Anarchy and Cyber Liberty: Opinion
🔥 Hot
4 months 2 weeks
256
On Crypto Anarchy and Cyber Liberty: Opinion

B for Blockchain

Only a short time after the publication of “Kleine Mann,” the world was hurled into a series of conflicts culminating in the Second World War. Hitler’s success is attributed in part to the frustrated and demoralized spirit of the German people at the beginning of the 1930s. The revolt of the “little man” against oppression can become a vengeful and bloody affair– when the pendulum of dreams deferred and dignity denied swings back, history shows that it’s easy to go too far.

But Blockchain hailed as the truth machine and as the cryptographic guarantee of trust, may forever change the dynamics of social change. By transparently promoting values of decentralization, inclusiveness, political freedom and economic independence, blockchain might reveal to us that we were never the “little man” to begin with– we just didn’t have the right tools yet. We do now.

💼 Related Article
The Ridiculously Centralized World of Crypto
🔥 Hot
4 months 2 weeks
256
The Ridiculously Centralized World of Crypto

Subscribe to the official U.Today Telegram channel. Get news first!
🤷 Opinions
65 views views
👓 Recommended articles
something-wide
something-wide
🤷 Opinions Vera Thornpike

Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

🤷 Opinions
Litecoin price forecast 2019: The coin has the chance to reach the value of $230. What are the factors contributing to LTC growth?
Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230
Contents

Following Bitcoin’s path, Litecoin seems to be on the rise: it’s becoming quite popular among investors and is slowly gaining in price. There’s a very high probability that it will trade higher than $30 all year long, but what about its highest points?

Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

Focus on numbers: Litecoin’s future in 2019

Although the bearish period seems to be over, the crypto market is still highly volatile. That’s why making any short-term predictions is quite hard. However, it doesn’t discourage analytical websites and people from making their own forecasts.

Thus, according to publications on various crypto websites, Litecoin has enough potential to reach the $1,000 edge. Some articles mention the number $2,000 – it seems to be far from reality. What are these suggestions based on? It’s not clear.

However, these forecasts are on par with predictions from some experts. For example, George Tung, a cryptocurrency analyst, claims that Litecoin will reach $1,500 towards the end of 2019. Brian Kelly, the head of BK Capital Management (LLC), is sure we might witness an LTC price of $500 or even $600 by the end of this year. Though conservative, this approach seems to be close to reality.

In November 2017, Litecoin was traded at $100 and investors managed to enjoy 25x ROI. If the market is hit by the bullish wave again, the scenario can repeat: LTC might jump from its current $48 to $1,200. But what if that won’t happen?

Our guess is that Litecoin can reach the range of $150-$230 by the end of 2019. How can it crawl to such numbers? First, in August 2019, the block reward for miners will be cut by 50%, which might provoke the growth of demand for LTC.

What will kick-start Litecoin growth?

Here’s the whole gamut of factors that can make Litecoin soar separately or altogether:

  • The rate of accepting Litecoin on exchanges and online websites will gradually increase. One of the adoption examples is the Surf Air store that started accepting LTC payments.

  • Of course, Litecoin’s growth is partially defined by Bitcoin’s performance. At the moment, BTC is on the rise. However, Litecoin seems to recover from the bearish period much faster and better.

  • At the same time, while Bitcoin’s gaining in traffic, users start complaining about growing transaction fees and slow performance. That’s when their attention switches to Litecoin, with its lower commissions and better speed.

  • A big influx of traffic on Coinbase is expected – it backs three major crypto assets, including LTC.

Thus, Litecoin is getting more and more media attention, which only contributes to its growth. Some Internet users are sure that it has to reach the $50 mark to get back on track and start gaining in value. This event is definitely around the corner!

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
🤷 Opinions
5042 views views
👓 Recommended articles
something-wide
something-wide
🤷 Opinions Jack Thomas

Bearish Ripple Chart Analysis Pointing Towards Short Term Price Losses: Is It Time to Sell XRP?

🤷 Opinions
After a week or so of good price growth, Ripple looks as if it could be in for a short bear run, so maybe it's time to take profit
Bearish Ripple Chart Analysis Pointing Towards Short Term Price Losses: Is It Time to Sell XRP?

A look over the charts for XRP shows some good growth since last week. However, there has been a bit of a flattening out, and even an inability to hold key support levels. This is key in trying to predict the next steps of XRP’s price, and technical analysis suggests that a small bear run could be imminent.

Ripple’s price failed to stay above the $0.3250 and $0.3200 support levels and declined against the US dollar. The price also failed to hold gains and declined recently against Bitcoin. XRP/USD could slide towards the $0.3050 support before starting a fresh upward move.

Because of these predictions, it might be time for some smart trading, selling some tokens for profit taking before looking for the bottom again and buying back in.

A look at the charts

Over the last five days, XRP peaked at $0.354 on Wednesday before correcting down and rebounding to $0.352; however, it has since fallen back to $0.342. There was some fight back from the XRP token to try and pick up those gains again over the last few days, but overall it has fallen twice, unable to maintain those support numbers.

Bearish Ripple Chart Analysis Pointing Towards Short Term Price Losses: Is It Time to Sell XRP?

After a period of trading relatively flat, and with indications showing it is struggling to hold its gains, the prediction would be that the price of the coin will face bearish tendencies in the short term.

More small drops can be expected, with undulating rises that fail to stick. It is not gloom and doom for the cryptocurrency, rather a period of correction after a good rise that set off the market growth earlier in the week.

For investors or traders, this is actually good news given that if the prediction is correct, there will be a chance for profit taking as people sell off tokens after the bull run, only to ride out the bearish run in order to buy back.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
🤷 Opinions
881 views views
👓 Recommended articles
something-wide
something-wide
🤷 Opinions Darryn Pollock

EOS Price Expected to Keep Rising After Doubling in Value Since December Lows

🤷 Opinions
EOS is one coin that has shrugged off its lows to double in value since December, with more growth expected
EOS Price Expected to Keep Rising After Doubling in Value Since December Lows

In the current climate, there is optimism returning to the market with Bitcoin pushing the $4,000 mark. However, a lot of this positivity has come from an altcoin rush of late. Coins such as Tron, Ethereum, Ripple and Stellar have played their part in boosting the market, but one particular coin has been striving since its lows in December last year.

EOS, a cryptocurrency that is currently ranked fourth by market cap, has quietly been going about its business, growing not only in price but also value as a blockchain company. It is showing some medium to long term bullish tendencies, outperforming many others.

The coin reached a low of $1.54 on December 7th, 2018, but at the moment, it is heading beyond the $4 mark, having doubled in value since that late last year low. It currently sits at $3.38.

Many are expecting the coin to keep growing, with its highest point touching $4.05. This move represents a 161% gain in only 74 trading days. If the bullish tendencies can continue across the markets, there is no doubt that EOS will cash in.

EOS Charts

More to come

EOS is seen as a rival to Ethereum, and because its intention is to improve upon the original smart contract blockchain, it will feel it has an edge in terms of adoption in the coming months.

It is a double-edged sword, as added adoption of the blockchain platform will help increase its reputation, which in turn will boost its price. Then, because EOS’ price is already starting to grow substantially, it will bring the platform to the fore for future blockchain applications.

If EOS can continue to offer a good blockchain service and the market keeps positive, there is every reason to believe that the coin’s price will continue to grow — and also outperform many of its rivals and other altcoins.

Subscribe to U.Today on Twitter, and get involved in all top daily crypto news, stories and price predictions!
🤷 Opinions
211 views views
👓 Recommended articles
something-wide
something-wide
🤷 Opinions Jack Thomas

Ripple XRP Price Prediction: Major Financial Services Group Sees XRP Exceeding Bitcoin’s Market Cap

🤷 Opinions
The president of SBI Holdings in Japan believes that Ripple will dominate global expansion and soon have a bigger market cap than Bitcoin
Ripple XRP Price Prediction: Major Financial Services Group Sees XRP Exceeding Bitcoin’s Market Cap
Contents

The SBI Group, a Japan-based financial services giant as well as a keen partner with Ripple for their bank settlement cryptocurrency, are bullish on the XRP token overtaking the current head of the market cap standings, Bitcoin.

The President and Representative Director of SBI Holdings, Yoshitaka Kitao, has come out and said XRP is dominating international expansion and will become global in the future. This global domination, based on XRP’s propensity to partner with major financial institutions across the globe, means Kitao sees it overtaking Bitcoin.

Bitcoin has stood at the head of the market cap standings in relation to cryptocurrency ever since it was invented some 10 years ago. Other coins have come close to knocking it off, but the decentralised coin has stood firm. But, if Kitao is right, XRP could overtake the market cap with a huge growth in price from global adoption.

International adoption

Ripple’s XRP token is as a cryptocurrency global and borderless, just as Bitcoin, because of its decentralised nature. However, Ripple has been looking to run XRP like a business with its xRapid product.

Thus, its growth is based on its adoption by financial institutions around the globe, and as this adoption grows, the worth and interest in XRP will increase, and thus its market cap will begin to rise.

“Because XRP is already beginning to become international, xRapid will be used for fund transfers in 2019. By increasing the so-called XRP’s plastic use, we anticipate that the [Ripple] market capitalization will easily exceed the market capitalization of Bitcoin,” Kiato said.

Ripple has already shown its power in growth as opposed to other major cryptocurrencies, often stealing second spot from Ethereum in the recent past. Ethereum was once a coin that was almost overtaking Bitcoin, but it is now under threat by a much more compliant and potential-full XRP token.

Better use cases

Because Ripple is trying to build XRP’s use cases for financial institutions, it has an advantage over other tokens in that it will be useful rather than just a cryptocurrency experiment. It is highly believed that once crypto finds its killer application, the price of it will skyrocket as people flock in demand.

If XRP does become more globally adopted, there will be an influx of interest in the coin and thus its price will shoot up, allowing it to overtake Bitcoin’s market cap in no time.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
🤷 Opinions
3991 views views
👓 Recommended articles
something-wide
something-wide
🤷 Opinions Jack Thomas

EOS Price Jumps 25% as Market Flattens Out: Is There More to Come?

🤷 Opinions
The cryptocurrency market’s best performer in the last 24 hours has been EOS as the rest of the growth plateaus – what’s next?
EOS Price Jumps 25% as Market Flattens Out: Is There More to Come?
Contents

Ever since last week Friday, where there were small indications that a rally could happen, the cryptocurrency market has shown some good growth, with Bitcoin, the head of the market, topping off at just under $4,000.

What has been typical of this small rally has been the effect of some of the major altcoins in pushing the cryptocurrency market. It began with the likes of Binance Coin, Stellar and Tron, and then saw Ethereum take over, but now EOS has shown a huge 25% growth spike in the last 24 hours.

It would seem that this rally has flattened out for the moment, with a lot of the coins levelling out. It is now important to see what comes next as another rally following this levelling could be massive for the medium to long term growth of the entire market.

EOS Drive

The now-fourth biggest cryptocurrency based on market cap has advanced nearly 25 percent in the last day to reach $3.47 and is currently neck-and-neck with Litecoin, whose own value has also ballooned 11 percent since year-end 2018.

Today’s gains reflect support from the EOS community and could have something to do with Block.one, the creator of EOS, recently providing greater clarity on the roadmap.

Block.one CEO Brendan Blumer addressed some of the community concerns on social media, reminding them in a message entitled “Great Things Take Time” that there is more ahead than meets the eye.

Of course what is important to note in regards to this kind of reaction is that these altcoin projects are putting out positive news, and that is having an effect not only on the coin, but the market in general.

There is positive news being met with results which are driving the market, and this has not been seen for a long period. The bullish market tendencies being seen could be indicative of a change in the sentiment.

What next?

It is still early to call, and quite tentative, but it certainly feels like a bull run could be developing. It may be based off the altcoin news and sentiment, but Bitcoin will play a important role. The major cryptocurrency came $30 short of cracking the $4,000 mark.

If Bitcoin is able to breach that resistance, even if it is through the drive of another altcoin, it could open up a whole new level of potential gains across the market and could possibly start a new bull run.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
🤷 Opinions
312 views views
👓 Recommended articles
something-wide
something-wide