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Crypto Community Must Unite, Speak With One Voice to Make Movement Successful

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  • George Shnurenko
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    The past year has brought incredible things but has also revealed weaknesses in the cryptocurrency movement.

Crypto Community Must Unite, Speak With One Voice to Make Movement Successful
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For the crypto community, 2017 is marked by both astounding progress and disturbing imbroglio. Bitcoin has broken into the mainstream financial market with the launch of Chicagoan futures products. New investors flocked to exchanges unprepared for mainstream interest, bought up all kinds of coins and excitedly participated in conversations.

The crypto community may have never seen so many new curious members joining since Bitcoin’s inception in 2009. At the same time, the Bitcoin Cash hard fork pitted one part of the community against another, with anxious onlookers stuck in between. Governments are also beginning to watch the surge of investor interest with wariness.

Communication, governance necessary

Everything that happened last year, the good and the bad, should serve as a wakeup call for people that consider themselves part of the crypto community or even those who think they can just hodl some crypto, sit on the sidelines and watch. This is paradoxical considering the trustless nature of Blockchain, since making cryptocurrencies work requires communication, negotiation and ultimately governance. In fact, governance may be most important of all, as the canceled SegWit2x and the four-year scalability debate has shown. Even more ironic is that the crafting of a healthier ICO market may require anarchists to sit down with government officials.

So far, communication and the ability to work together is lacking in the cryptocurrency community. Instead, what we have are mysterious whales doing unknown things in the marketplace and Wild West pump-and-dump Telegram channels. Unifying voices are lonely and quickly drowned out.

While it’s probably wise to constantly look out for one’s own interest and reputation, it’s probably not wise to only look out for oneself. All who remotely care about the intermediate-term prospects of crypto would better serve themselves and others as both a member of a newly rising community and member of a new form of economy.

Community must unite

Bitcoin was born as a rebellion against the existing financial system. The roles of cryptocurrencies and tokens today are less clear. One way or another, as more money pours into coins, government action from different parts of the world is almost sure to follow. What will be the community’s reaction then?

At the end of the day, no one can stand alone.

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About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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Bexplus Exchange Platform Launches $50,000 Giveaway

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    Bexplus, a Hong Kong-based exchange with 100x leverage, has invited crypto traders to take part in its giveaway. Rewards for all registrants, even with zero deposit.

Bexplus Exchange Platform Launches $ 50000 Giveaway
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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.

A new promotional campaign is set to occur but is limited to 500 registrants. It seems to be reasonable, yet rich beginner's reward pack: $10 registration bonus (no deposit necessary), $100 deposit bonus, a 10% discount for all the commission fees, and 10 free Bitcoins (BTC) for anyone who practices trading via the built-in trading simulator.

Bexplus Giveaway Registration Manual

Everyone who creates an account on the Bexplus exchange via special promo link will be rewarded with a 10% discount on transactional fees. After registering on the exchange, the trader needs to deposit some BTC onto his/her Bexplus account address.

In order to be eligible to receive a $100 deposit bonus, the deposit amount needs to be at least 0.008 BTC. Those who deposit more than 0.01 BTC will receive a 100% bonus on futures trading. The deposit bonus cannot be withdrawn, but all profits made with the bonus can be withdrawn. 

With the deposit, the user can immediately start trading with the rewards, $100 or 100% deposit bonus. In order to participate in this campaign, the user needs to contact support via online chat or by e-mail. Chatbox can be found in the lower right corner.

Bexplus, Multi-Currency Exchange with 100x Leverage

Bexplus offers perpetual future contracts on all major crypto assets: Bitcoin, Ethereum, Litecoin, XRP, and EOS. Launched in 2017, the service charges no funding fee (margin amount held by the system for paying the next funding). It also works with no spread (difference between buying and selling price), offers an on-board trading simulator, and 24/7 customer support.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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