Wikicoin Darryn Pollock

Dash: Faster Bitcoin That Governs Itself by Blockchain

📚 Wikicoin
Dash is a digital currency in the truest sense of the word as it aims at being functional for big buys, as well as the microtransactions that busy Blockchains struggle with.
Dash: Faster Bitcoin That Governs Itself by Blockchain

As the name suggests, Dash has been created as a digital coin that is trying to solve the problem of slow transactions that have recently been dogging the likes of Bitcoin, as well as working to slice down on the fees.

Dash is a digital currency in the truest sense of the word as it is aimed at being functional for big buys, as well as the microtransactions that busy Blockchains struggle with.

Similar to Bitcoin in the fact that its core function is to be a monetized digital asset that can be spent and stored, but Dash operates somewhat differently in its running.

Voting on the changes

Cryptocurrencies have always had a democratized aspect to them, in the case of Bitcoin, it is purely based on the majority as to what direction the coin takes. Dash provides more of a governance structure, but it is still set in a voting system.

This voting system helps changes happen far quicker than in other coins.

Dash is also self-funding as 45 percent of newly created Dash is handed to the miners, another 45 percent to the master nodes, and that final 10 percent goes to a treasury for funding the development team, marketing, customer support centers and so forth.

This is known as the Decentralized Governance by Blockchain (DGBB) and makes Dash the first decentralized autonomous organization powered by a Sybil proof.

Formerly known as DarkCoin

Dash, in the time where the Dark Web held the keys to the cryptocurrency universe, was firstly released as XCoin, then rebranded as DarkCoin.

The creator and lead developer of Dash is Evan Duffield, he along with the core development team, have grown to 30 full-time employees, 20 part-time employees and dozens of unpaid volunteers.

These core developers are all paid from Dash’s budget system which helps keep the focus and lead to less conflict of interest when other sponsors and donors are paying the bills.

Dashing up in value

Dash has, for a long time, been one of the top five coins by market cap. However, in recent times the instant payment coin has seen its value rise but its standing slip. Dash currently sits in 12th at the time of publication, yet its value in 12 months has gone from around $14 to a high of $1,542 at the end of last year.

Having begun in January 2014, Dash is one of the more stable and settled of the cryptocurrencies. It's development strategy and voting system is also quite unique and adds an extra edge of stability. Yet, Dash’s core ability to be fast and cheap has never been stretched far enough in a scaling situation.

Regardless, Dash saw a great year in 2017 after remaining almost on a flat line compared to the dollar price for its first few years. From February to December 2017, Dash’s trajectory was skyward throughout; it is only since the mass crypto drop just before Christmas that the coin has slowed its gain.

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Wikicoin George Shnurenko

Where to Spend Your Crypto Earnings in 2018

📚 Wikicoin
“Stores that accept Bitcoin near me” used to be a very difficult question to answer, but now there is this list of stores that accept Bitcoin
Where to Spend Your Crypto Earnings in 2018

Bitcoin is fast becoming the means of exchange in many businesses now with its dominance in the virtual currency. As such, many companies now are employing the use of virtual currency, Bitcoin for payment of goods and services.

The emergence of Bitcoins as a means of trade

Now, we have small and big companies who have incorporated cryptocurrency into their operation. We have several online stores that accept Bitcoin in exchange for goods and services. This was not so a few years back.

However, it is important to note that some stores and companies are still reluctant in accepting the use of Bitcoin into their businesses. Some companies are not ready to take risks and they still nurse the fear of virtual currencies. These companies still believe that cryptocurrencies are a high-risk investment and they can’t handle it.

But companies ready to adapt to the new technology have accepted Bitcoin and other cryptocurrencies into their businesses as means of exchange. Below are the lists of online stores that accept Bitcoin and other forms of cryptocurrency.

List of major stores that accept Bitcoin

These are the list of the major stores that accept Bitcoin and cryptocurrency as means of exchange for their goods and services.

1.  Overstock

This retail shop deals with the sales of household items such as laptops, TV sets and pillows. They offer a good number of discount prices for household goods bought. They claim they are the first retailer to accept the use of Bitcoin into their payment methods.

2. eGifter

eGifter runs the sales of different types of gift cards for the various celebrations we have. If you are looking for where to buy that beautiful gift card with your Bitcoin, eGifter is the right place. There, you can convert your Bitcoin into any of the numerous gift cards there.

3.  Harvard and MIT Coop Stores

Harvard and MIT Coop Stores is a campus bookstore that serves the communities of Harvard and MIT. They accept cryptocurrency as part of their payment methods for the sales of their books.

4. Shopjoy

Shopjoy is an Australian online retailer that deals on the sales of novelty and gifts. They accept the use of Bitcoin as payment for their goods and services.

5. Shopify.com

This is an online that gives you the privilege to sell their products online. They also accept Bitcoin as a means of payment.

6. Newegg

This is an electronic online retail store with the site name as newegg.com which accepts payment through Bitcoin. They offer sales if different gadgets, so if you are a gadget lover and you use Bitcoin, you can make your purchase here via Bitcoin.

7. Gyft

Gyft stores give its customers the option of buying gift cards for their loved ones for different occasions and seasons using Bitcoin. You don’t have to worry about cash. When you need to buy that card that will make your loved ones happy, go to Gyft stores and purchase some with your Bitcoin.

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List of companies that accept Bitcoin and cryptocurrency 2018.

Here is the list of some of the big and small companies that accept Bitcoin and cryptocurrency for the exchange of their goods and services.

1. Intuit

Intuit is an American software company that deals on the production of some products like TurboTax. They encourage small business owners to incorporate Bitcoin into their means of exchange by offering PayByCoin into their online QuickBooks invoices.

2. Steam

With more than 125 mln users, they remain the most popular online gaming platform. They have partnered with Bitpay, a Bitcoin payment service to bring every game lover’s cryptocurrency to this online gaming platform. You can purchase your different games online with your favorite cryptocurrency.

3. Wikipedia

Wikipedia foundation which owns the worlds most popular free encyclopedia has started accepting donations in the form of virtual currencies like Bitcoin. The announcement was made via the official blog.

4. Expedia

Expedia has enabled their users to use the Bitcoin payment option in booking for hotels since 2014. The company which teamed up with Coinbase are the largest travel booking agency online. They run flight and hotel bookings amongst other activities. However, they only accept Bitcoin payment in the booking of hotels now, but in future, it is expected they will extend it to other activities.

5. Virgin Galactic

Virgin Galactic is a commercial flight company owned by Sir Richard Branson. This company has other companies integrated under it. These companies include the Virgin Airline and Virgin Mobile. They started accepting Bitcoin as a means of payment for space travel and other services they render since 2013.

6. Zynga

Zynga, an online gaming platform for online gamers which have their headquarters located in San Francisco accepts Bitcoin as part of their payment option for the purchase of games online. They partnered with Bitpay for their Bitcoin payment services. Even, players can now make an in-app purchase using Bitcoin.

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7. Microsoft

The renowned company is known for the production of computer software also accept Bitcoin for their various services. As a Microsoft user, you can now buy your games, movies and apps in the Windows and Xbox stores. You can also buy these things online in Microsoft online stores with the use of your Bitcoin.

8. Tesla

Bitcoin is fast taking over the cryptocurrency market and is rapidly being considered as a trusted means of running different transactions online. This has led to Tesla accepting Bitcoin as a means of payment in the company.

9. Lionsgate Films

This production company known for their blockbuster movies, The Hunger Game and The Day After Tomorrow has employed the cryptocurrency payment option by using Gocoin to transact businesses. This shows how the virtual currency is rapidly being accepted globally as a household name in the running of businesses.

10. Badoo

Badoo is a popular online dating network which has been in existence for a long time now. They have incorporated the use of digital currency for the purchase of premium membership features.

11. Square

Square market is a payment processor which aids micro businesses in accepting credit cards through the use of Android, iPhone or iPad. Recently, they have started accepting Bitcoin as a payment method and they also allow micro businesses use this payment method through their services.

This is an exhaustive list of some of the computer stores that accept Bitcoin. Without a doubt, it is becoming clear that cryptocurrency is becoming the next best thing in the world of finance and trading. Do you still have questions about what stores accept Bitcoin? You can contact our helpdesk.

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📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS, NEM Remain Flat, No Significant Price Changes In Past 48 Hours: Price Analysis, June 27

Pricewise
Bitcoin, Ethereum, Ripple, EOS, NEM remain neutral on Wednesday, the price is consolidating
Bitcoin, Ethereum, Ripple, EOS, NEM Remain Flat, No Significant Price Changes In Past 48 Hours: Price Analysis, June 27

The crypto market seems to make another stop as Bitcoin and its rivals had no significant price changes within the past 48 hours. General market players’ moods remain neutral but cryptos have some room to decline.

As for news and events, there is nothing to worry about, but some information may be useful and interesting to traders. Binance resumes its operations after two days of maintenance. The famous exchange stopped trading and withdrawal procedures a couple of days ago and was supposed to resume them on June 26. However, they have notified their users that they need more time to complete all their tasks.

Another interesting news is about the Reserve Bank of Australia and Bitcoin. The head of the regulatory authority underlined in his comments that there is no need for Bitcoin in Australia as the local fiat currency is strong enough. He stated also that BTC may be useful in other countries where traditional currencies are weak.

Bitcoin (BTC/USD) Price analysis, June 27

BTC/USD Hourly General

Bitcoin has lost more than two percent in the past 24 hours, but in general, the currency pair has no direction in the moment of writing. BTC/USD fluctuates below the descending trendline meaning we still have the local downtrend and sellers are able to push Bitcoin lower at any moment.

BTC/USD Hourly Closer

Let’s have a closer look at the hourly chart. Bitcoin has tested the resistance line at 3.618 retracement level a couple of times but failed to go higher. Cryptocurrency remains below this area in the moment of writing. The possible ways for BTC/USD are the following:

  1. Red scenario (bearish). Bitcoin will fall below the support area at 4.236 retracement level and move lower.
  2. Orange scenario (neutral). BTC/USD will remain within the current border, limited by the support at 4.236 and the resistance at 3.618 retracement levels.
  3. Green scenario (bullish). The currency pair will move higher and after successfully testing the resistance area at 3.618, it will target the next resistance at $6,510.

Ethereum (ETH/USD) Price analysis, June 27

ETH/USD Hourly General

Ethereum has lost more than five percent in the past 24 hours. However, in general, there is no direction currently. The currency pair has crossed the descending trend line from below, but Ethereum approaches it again, ready to test it from above.

ETH/USD Hourly Closer

When we look closer at the hourly chart we can see that ETH/USD has tested $473.39 resistance area but failed to jump over it and started to decline. Ethereum has broken through the support area at $453.24 later and managed to fall below the next support at $431.42. The possible ways for Ethereum are the following:

  1. Red scenario (bearish). The currency pair will fall below the support area at $417.28 and develop its downtrend.
  2. Orange scenario (neutral). Ethereum will remain within the current range limited by the support area at $417.28 and the resistance area at $431.42.
  3. Green scenario (bullish). ETH/USD will break through the resistance at $431.42 and move higher, targeting the next resistance at $453.24.

Ripple (XRP/USD) Price analysis, June 27

XRP/USD Hourly General

Ripple has lost more than four percent in the past 24 hours but looks neutral in general. The currency pair went above the descending trend line on the Hourly chart. However, Ripple goes downwards at the moment of writing aiming at this trend line.

XRP/USD Hourly Closer

Let’s have a closer look at the hourly chart. The currency pair has tested the resistance area at $0.4918, but failed to cross it and reversed finally. XRP/USD has broken through the support area at $0.4744 and reached the next support at $0.4495. The possible ways for XRP/USD are the following:

  1. Red scenario (bearish). The currency pair will jump over the support area at $0.4495 and move lower.
  2. Orange scenario (neutral). Ripple will stay within the current borders, formed by the resistance at $0.4744 and the support at $0.4495.
  3. Green scenario (bullish). The currency pair will break through the resistance area at $0.4744 and move higher targeting the next resistance at $0.4918.

EOS (EOS/USD) Price analysis, June 27

 EOS/USD Hourly General

EOS suffered more significant losses in the past 24 hours. However, the currency pair shows no direction in general. The currency pair is above the descending trend line and looks neutral mid-term. It seems like market participants are preparing for something great.

EOS/USD Hourly Closer

When we look closer at the hourly chart we can see that EOS/USD reached the resistance area at $8.29, but stopped there and declined later. The currency pair has crossed the support at $7.65 and fluctuates below in the moment of writing. The possible ways for EOS/USD are the following:

  1. Red scenario (bearish). The currency pair will break through the support area at $7.10 to move lower.
  2. Orange scenario (neutral). EOS will stay within the current range with no significant price changes, limited by the support at $7.10 and the resistance at $7.65.
  3. Green scenario (bullish). EOS/USD is going to cross the resistance at $7.65 and move higher, targeting the next resistance at $8.29.

NEM (XEM/USD) Price analysis, June 27

XEM/USD Hourly General

NEM was bearish in the past 24 hours as the currency pair has lost more than five percent. However, in general, XEM/USD is neutral as there is no direction currently. The currency pair went above the descending trend line  but is trying to reach it again from above.

XEM/USD Hourly Closer

NEM failed to reach the resistance area at $0.1682 and declined later towards the support at $0.1539. The currency pair jumped over this line and fluctuates below it in the moment of writing. The possible ways for XEM/USD are the following:

  1. Red scenario (bearish). The currency pair will reach the support area at $0.1459 to test it. If successful, sellers will be able to push XEM/USD lower.
  2. Orange scenario (neutral). NEM will stay within the current range limited by the resistance at $0.1539 and the support at $0.1459.
  3. Green scenario (bullish). The currency pair will test the resistance area at $0.1539 and if successful, buyers will drive it towards the next resistance at $0.1682.

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Darryn Pollock

Bitcoin’s Transaction Value Overtakes PayPal and Points the Coin Back Towards Being Currency

Those who think BTC isn’t being used as a digital currency need to look at its transaction value this year as it overtakes PayPal
Bitcoin’s Transaction Value Overtakes PayPal and Points the Coin Back Towards Being Currency

The ebbs and flow of Bitcoin continue as the major cryptocurrency continues to find its true identity. It has flittered between being a currency of the Internet in its dark web days, and it has more recently become a store of value- a digital gold- for varying reasons.

However, there are factors and indications that are showing that Bitcoin could well be pushing back to being a functional currency. Aspects like a clear mempool, cheaper and quicker transactions, less volatility in an upward trend, and more transaction value, seem to show that Bitcoin can be used and spent effectively.

In fact, Bitcoin’s transaction value, rather than the more favored metric of transaction volume, shows that more money has been processed in Bitcoin than through popular digital payment solution, PayPal.

Value over volume

So often, Bitcoin’s progress and performance are measured by its price increasing and decreasing, but also by its transaction volume. However, delving deeper into that metric and measuring the actual dollar amount and one can derive a lot of insight into the digital currency.

Yassine Elmandjra, who works at New York-based investment firm ARK Invest, has pointed out that Bitcoin’s transaction volume has reached $1.3 tln this year, and that puts it ahead of PayPal and Discover- although meager compared to Visa which is closer to $9 tln.

Pointing towards currency?

Bitcoins transaction value reaching the heights of a payment network like PayPal could be indicating a move towards the digital currency being used more and more as a currency.

Bitcoin, at its prominence in terms of price, was considered too valuable to use and spend, or send, and as such, it became a true investable asset. However, as time has gone on and the digital currency has lost its value and struggled to pile on the gains, its value as an asset has shrunk.

However, in that, the scaling debate that was slowing its adoption as a functional currency has also abated as there is no congestion in the mempool, and the price of transactions is back to being very low.

That being said, there will still be a big percentage of transactional volume in Bitcoin that comes from speculative trading that is not present in things like Visa, Discover or PayPal.

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Wikicoin Eric Eissler

10 Reasons Why You Should Avoid Investing in Bitcoin and Other Cryptocurrencies

📚 Wikicoin
Volatility, scams, legality: those are just a few issues that face investors in Bitcoin and altcoins. Remember, invest only what you can afford to lose.
10 Reasons Why You Should Avoid Investing in Bitcoin and Other Cryptocurrencies

Bitcoin and other altcoins have been making big headlines over the past few years, laced with stories about incredible gains and devastating losses. It’s the losses that are a hard pill to swallow. Many people ask, is Ethereum a good investment or Bitcoin? Let’s look at the top 10 reasons why you should not invest in Bitcoin and other cryptos. Remember, only invest what you can afford to lose.  

1. Volatility

Bitcoin and altcoins are very volatile, meaning that you could lose your shirt and your trousers if you buy high and sell low. In December 2017, Bitcoin hit its highest price at about $20,000. Fast forward to April 2018, when one Bitcoin is worth about $6,700, a 66.5 percent decrease in value. If you bought in the hype of December 2017, you would be out about $14,000 and for many people, that’s big money.

2. Security

In many countries of the world, banks are backed by the government. In the US the FDIC will ensure your bank account up to $250,000. Many exchanges do not insure your funds in crypto. If they are hacked and your proceeds are lost, you just lost all your money, unless the exchange can reimburse affected users.

3. Value or lack thereof

Bitcoin and cryptos are not backed by anything except belief. But then again, fiat currencies are backed only by the belief in the government that controls it, but at least cash is accepted everywhere. Crytpo derives its so-called wealth from mathematic formulae that are only understood by few.

4. Legality

Crypto is still very new, especially to governments. They are not sure how to regulate it or how to tax it. In some countries, there is a call to have it banned. Imagine being vested heavily in crypto and then finding out it is banned. How can you get your money back? Will you face fines and penalties for owning it? It’s not safe to own in a country that is about to place a ban on crypto.

5. Environmentally unfriendly

The power required to run mining rigs draws so much electricity, that it has become an environmental issue, that consumes valuable resources, pollutes the earth and even disrupts time. In China, Bitcoin mining is estimated to use up to four gigawatts of electricity, equivalent to three nuclear reactors' production levels.

6. Scams

Nothing is worse than being scammed out of your hard-earned cash. Scams and Ponzi schemes abound on the Internet with fake exchanges, fake ICOs, and other ways to steal your money. Whatever seems like an amazing way to double, triple, or quadruple your money in a short time, it probably is. You might also face long withdrawal periods to get your gains out of a rigged system. These are all part of Bitcoin investment scams and should be avoided.

7. No understanding of what crypto is

Many people ask if they should invest in Ether because it is not Bitcoin. Yes, it has a different function other than a store of value, but what makes it different is that it has smart contracts which are fuel and executed by “gas” another sub-set currency of Ethereum. Confused yet? As the old adage goes, don’t invest in something you don’t understand. “Can I invest in Ethereum?” you might ask, and sure you can, but don’t do it unless you understand it. More about Ethereum.

8. Decentralization: who do you trust?

Would you give your money to some guy on the street, who is touting a Bitcoin investment plan? I doubt it. Then why would you place your money into a system that has no central authority to regulate the inner workings of your investment and where your money is going? Could a state-backed cryptocurrency be the answer?

9. Anonymous or not

While Bitcoin is supposed to be anonymous, wallets are transparent. For some types of sales, especially in real estate, your funds need to be verified, it is a bit tricky to do with Bitcoin. Also, the US government is working with a firm to try to identify the individuals who may owe capital gains taxes on sales of Bitcoin. If the government can find you, then the promise of anonymity is false. Better not to get caught up in this trap.

10. Use on the dark web

The dark web is a place where all sorts of online crime take place, such as selling drugs, information, human trafficking, etc. Since Bitcoin is an incorruptible ledger system, that coin could be traced back to illegal dealings and might connect you to a crime: dirty money in other words.

Wikicoin
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🤷 Opinions Alexander Goborov

From Russia with Love: Moscow's Affair with the Blockchain

Opinions
While many think of Russia as conservative and backward, the country is seemingly finding its progressive side in the fintech sector
From Russia with Love: Moscow's Affair with the Blockchain

Most people know that Russia is the biggest country in the world by size, a major political player on the world stage, and a country with huge reserves of timber, oil, and natural gas.

Fewer know that Russia is now also becoming ever more involved in the world of Blockchain and cryptocurrencies; in fact, it is believed that most programmers who work on the Blockchain today speak Russian in addition to English and Chinese.

To top it off, Russia has now also become home to many international crypto events, such as the Blockchain Life forum held in St Petersburg.

Mining

Statistics from this year, corroborated by the Russian Association of Crypto Industry and Blockchain (RACIB), show that more and more companies in Russia are doing mining: the numbers have grown by around 17% this year taking the total number of mining companies in Russia ― the ones that have been accounted for ― to around 80 000.

According to many fintech specialists, Russia, particularly the Eastern region of the country known as Siberia, is an ideal place for mining because of its abundance of mining resources, namely inexpensive electricity.

This must have something to do with the fact that today, as some sources claim, around 3 million individuals own cryptocurrencies in Russia against 2.5 million individuals from last year. The crypto figures are said to be growing.

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Huobi

One of the top crypto exchanges in the world, Singapore-based Huobi has recently moved in to conquer the Russian market. Although those who trade cryptocurrencies in Russia are no strangers to exchange platforms, Huobi is the first platform to have an actual office in Russia with a Russian-speaking call centre. According to those much satisfied, this is one of the key features Huobi has to offer that no other platform currently has, i.e. ease of real-time client to representative communication in Russian, which has long been overdue.

Huobi
Huobi’s phone app

The new office opened in Moscow at the start of last week. While at present deposits in Russian roubles are not permitted due to regulatory reasons, those who wish to trade will be able to buy cryptocurrencies using roubles and have them put in trading accounts via Huobi’s OTC service. Moreover, Huobi will also offer loans to potential  miners to purchase mining equipment, an important additional service which is to be made available in early 2019.

To make their intentions even more recognizable, Huobi will also be training its future specialists at the Department of Entrepreneurship and Logistics in Moscow’s Plekhanov University of Economics.

LocalBitcoins and Other Players

Helsinki-based LocalBitcoins is one of the most popular Bitcoin to local fiat currency exchange platforms. What is fascinating to learn is that the Bitcoin to Russian Rouble exchange pair is actually the most popular one of all, trading at close to 2 million USD every day: all that despite the Russian government’s ongoing ban of access to the LocalBitcoins domain since 2016.

LocalBitcoins
A LocalBitcoins ATM

Not only does it show that the BTC-RUB trade is strong and plentiful, but also that the crypto traders and owners in Russia have moved way past any government-imposed web regulations in technological terms.

But this is not all. According to independent sources, some places in Moscow exchange cryptocurrencies for roubles in numbers totalling close to 9 billion USD, which is five times LocalBitcoins’ turnover. Among such places are believed to be the large shopping centres “Moskva”, “Sadovod”, and “Food City”.

Sadovod
One of the entrances to the “Sadovod” shopping centre in Moscow

 

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