David Dinkins

Ripple Will Not Be Next Bitcoin, But That’s Not Bad

Ripple will not be the next Bitcoin, but it could still be wildly successful
Ripple Will Not Be Next Bitcoin, But That’s Not Bad

Voltaire famously wrote that the medieval Holy Roman Empire was neither holy, nor Roman, nor an empire. In the same way, at least according to the MIT Technology Review, Ripple is neither decentralized nor a currency. But lest we judge it too harshly, it’s wise to remember that it was never intended to be either.

Next Bitcoin?

For years, cryptocurrency languished in obscurity. Assuming they didn’t make too many missteps along the way, early adopters of Bitcoin became millionaires. Many of those who were a little late to the Bitcoin party became early adopters of altcoins, and also became millionaires. Now that crypto has burst into the mainstream and made many people fabulously wealthy, crypto newcomers are desperate to pick the next Bitcoin. Every new investor seems to think if they can buy a digital asset for less than a dollar, they’ll become ridiculously rich when that asset eventually hits $10,000, as Bitcoin did.

While it can’t be definitely said that there isn’t another nascent Bitcoin waiting in the wings somewhere, if there is one, it certainly isn’t Ripple. The currency’s wild ride last year made it the best performing crypto asset in a year of incredibly well-performing cryptocurrencies. Ripple ended the year up by 38,000 percent. No, that’s not a typo.

Those who invested before last summer are all incredibly wealthy now, even after Ripple dropped back under $1. Nonetheless, an important fact remains.

Ripple is not the next Bitcoin.

Different animal

Ripple is something entirely different. While Bitcoin seeks to be a decentralized, peer-to-peer means of digital value exchange with a strong anti-establishment bent, Ripple does not. In fact, Ripple is almost the opposite- it’s highly centralized and extremely friendly with big banks. There’s a good reason for this: Ripple doesn’t intend to be a currency used by ordinary folks buying coffee. Ripple wants to be used by banks to move large numbers of very big transactions each day.

Ripple is an extension of a system banks already know and understand. Ripple is a centralized company whose network relies on “trusted” servers. Banks are cool with that because that’s what they understand. Ripple has premined all 100 bln coins and keeps the remaining 50 bln in escrow, which is fine, because that’s what big companies understand. Companies are used to an IPO where large numbers of shares are created all at once, from nowhere, and distributed to investors. They can understand premines, too.

As the MIT Technology Review states:

“Ripple’s big bet is that XRP will become a ‘bridge currency’ that many financial institutions use to settle cross-border payments faster and more cheaply than they do now using global payment networks, which can be slow and involve multiple middlemen. Bitcoin could be used to do this too, but Ripple can settle 1,000 transactions per second, compared with Bitcoin’s seven, and its transaction fees are much lower.”

Ripple without XRP

The MIT Technology Review also notes that unfortunately for Ripple investors, while its technology is popular, Ripple’s XRP token is not:

“Here’s the catch, though: Ripple’s Blockchain-based payment network doesn’t need a bridge currency to work, and nearly everyone using the network has so far chosen to exchange digital IOUs instead.”

This could certainly change, and CEO Brad Garlinghouse has hinted that it will, but for now, XRP is a fairly speculative play. Ripple is not another Bitcoin, but if everything goes really well, it could be another SWIFT or Visa. The only remaining question is whether the company’s bank customers will use the native XRP token, or settle in dollars as they currently do.

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Wikicoin George Shnurenko

How To Protect Your Bitcoin From Hacking - Guide For Saving Your Money

📚 Wikicoin
This guide shares some of the most secure options you can rely on for keeping all your Bitcoin safe at all times
How To Protect Your Bitcoin From Hacking - Guide For Saving Your Money

How to protect my Bitcoin is probably the hottest question today. With cryptocurrencies becoming ever more valuable, a significant increase in hacking attempts has been observed of late. And, with Bitcoin being the most popular crypto coin available today, there are serious concerns in investors on how secure Bitcoin is.

Remember, once your accounts have been compromised and hackers manage to claim their control, it’s just a matter of seconds for them to rob you of all your Bitcoin. So, that’s probably why you should be proactive and must know how to protect your Bitcoins and other cryptocurrencies you own. In addition, you need to keep a regular check on your Bitcoin wealth to make sure it is where it should be.

With that being said, it’s not too difficult, however, to keep your Bitcoin away from the reach of hackers. All you have to do is to implement some simple Bitcoin security tips and you can easily ensure the safety of every single Bitcoin you own. However, before we get into that, let’s first try to find out the working mechanism of Bitcoin wallets.

How Bitcoin wallets actually work

First and foremost, Bitcoin isn’t some physical commodity that you have to store somewhere safe. Bitcoin isn’t some object; rather it is an address on Blockchain that is stored after encryption.

When you are in possession of a Bitcoin, you actually have a particular unique key which can be used for unlocking a certain Bitcoin location. So, you have to protect that key by keeping it in a reliable wallet so that someone can’t steal it away.

Now, coming back to Bitcoin security, there are several ways of storing your cryptocoin and ensuring that hackers stay away from it at all times. Let’s check out what options do you have.

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Bitcoin security guide for keeping your wealth safe

This Bitcoin security guide shares some of the most secure options you can rely on for keeping all your Bitcoin safe at all times. You can even use these options in combination to ensure maximum protection.

1.     Always have a backup

Regular backups of your Bitcoin wallet will ensure that you have your Bitcoin keys safe with you in a second location should something goes wrong. With a regular history of your backups, your currency can easily be recovered from your digital wallet. You should backup each and every wallet.dat file and keep it somewhere safe. For added security, keep the backup in multiple locations and guard it with some solid passwords.

2.     Keep software updated

If you’re concerned about Bitcoin security, make sure that your wallet software is updated. But if it’s not, your Bitcoin would potentially be a very soft target for the hackers. Wondering how latest software can protect your Bitcoin?

Well, it comes equipped with better overall security system and can offer better security against latest hacking techniques being implemented. Besides, any security glitches are also patched in the latest security protocols and it can certainly help keep the most seasoned hackers away from your Bitcoin.

3.     Have 2-factor authentication in place

Activating 2-factor authentication on your Bitcoin wallet is, probably, among the very first steps you should take for ensuring better safety of your Bitcoin. With 2-factor authentication activated, you’re sure there’s an added layer of security that hackers would have to bypass in order to access your Bitcoin.

Also, no one would be able to access your cryptocurrency unless they have access to your phone as well. It’s, probably, among the initial advice when someone asks how to protect my Bitcoin and the option is available with almost all major cryptocurrencies.

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4.     Use multi-signature

Multi-signature is quickly getting popular as a source of added security for Bitcoin. It requires several people to approve a transaction before it is actually carried out. As a result, the treat of Bitcoin being stolen is minimized as there’s not a single server or controller that can carry out Bitcoin transactions. You’re required to specify the people authorized to transact at early stages of the process and when a transaction is initiated by one of them, other authorized individuals must approve it before it can actually happen.

5.     Encrypt the Bitcoin wallet

Encrypting your Bitcoin wallet is also a source of enjoying added security. When you are dealing with encrypted files, folders or messages, you must have right key for unlocking it and accessing everything inside. So, when you encrypt your Bitcoin wallet, it means that anyone trying to access it would need the right key or password to be able to do so. When you are using mobile, hardware or desktop wallets, encryption becomes imperative for protecting your Bitcoin.

6.     Use secure devices to access your Bitcoin accounts

Probably one of the most important Bitcoin security tips, you really need to understand the importance of accessing your Bitcoin accounts only from the most secure devices. Never use public Wi-Fi networks or public computers to use your Bitcoin accounts or to make any transactions. Doing so will ensure that nobody can ever know your password and use it for stealing away from you.

Furthermore, rather than downloading different applications directly, you should only be using official sources for moving your Bitcoin or checking your account. Doing so will ensure that your Bitcoin, and other cryptocurrencies for that matter, remain protected.

7.     Rely on cold storage

When we talk about Bitcoin, cold storage actually refers to keeping your Bitcoin stored in a safe location offline. There can be different options that you can try in this regard and they include:

·       USB drives or any other offline storage media

·       Bearer items like physical Bitcoin

·       Paper Wallet

·       Offline Bitcoin hardware wallets

If you’re concerned about how to store Bitcoin on any of these offline storage options, you’ll have to explore them further. However, rest assured that there’s nothing too difficult about it and you’d be able to do without much of a hassle.

So, hopefully, this Bitcoin security guide will help you in keeping your Bitcoin safe and away from the access of hackers. Just make sure you implement the above security ideas to perfection. In fact, using a few of them in combination would turn out to be an even better idea.

And, once you do that, you can easily focus on your Bitcoin trading and making more money than ever without having to worry at all about those hackers and other such elements who are always on the verge of robbing you of your Bitcoin and other wealth you may have in the form of different cryptocurrencies.

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How to Store Lisk Offline (on USB)

🎓 Coins Guide
In a nutshell, Lisk is an open source blockchain network powered by LSK tokens that enable developers to create decentralized applications using the JavaScript.
How to Store Lisk Offline (on USB)

Since the emergence of cryptocurrency industry, so many altcoins have joined the market. While several of them collapsed shortly after for various reasons, there are also those that have thrived over time. Launched in 2016, and currently, with a market cap of 45 US dollars (Eighth biggest), Lisk is one of the resilient cryptocurrencies.

An Overview about Lisk

In a nutshell, Lisk is an open source blockchain network powered by LSK tokens that enable developers to create decentralized applications using the JavaScript. It gives developers the capability to develop applications on a sidechain that they own and link it to the network. Developers also get to have custom tokens.

Forked from Crypti by Oliver Beddows and Max Kordek in May 2016, Lisk became no. 2 on the most popular cryptocurrency list after Bitcoin. It's founders aimed at making blockchain development more reachable.

Lisk provides a next-generation network that allows for the creation and distribution of JavaScript oriented blockchain presentations. It avails a user-friendly interface and access to an all-inclusive ecosystem. With Lisk, developers can create, distribute, publish and monetize their innovations within a platform that permits the use of smart contracts, computing nodes, customized blockchain and cloud storage solutions. In addition to the above, the blockchain boasts of being modular, scalable, reliable, secure and independent among other things.

With its increased popularity and value, its demand and thus that of its secure wallets is bound to surge. Therefore, this article seeks to explain the various offline wallet options available to LSK on the market.

Offline (USB) Storage Alternatives for Lisk Users

Lisk coins are quite valuable digital assets and therefore need to be stored safely. Cryptocurrencies are a new medium of trade that although not fully accepted, are catching up with conservative currencies quickly. In addition to being a medium of exchange, these tokens also provide an excellent investment opportunity. Therefore, in addition to learning how to produce and use these tokens, you should even get to know how you can store your LSK tokens safely.

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Cold Storage Vs. Hot Storage

Hot storage or wallet is an address that allows the user to have full-time access to their tokens. Basically, with this wallet, you can receive and spend your altcoins at any time. It is connected to the network and therefore, access is unlimited. With cold storage, on the other hand, limits your access to the stored money when it comes to expenditure. However, you can receive coins at any time. The latter is a safer wallet since it is not connected to the blockchain.

Ledger USB wallets

Offline wallets such as USB wallets are generally more secure when it comes to thwarting possible attacks. They use NAND storage chips to ensure safety from hackers and theft. The ledger USB wallet, however, is even better as it incorporates a second security level. Instead of the NAND chip, this wallet uses Nanotechnology, which also enhances its usability. The ledger USB is also designed with improved aesthetic factors and comes at an affordable price.

You should keep in mind that the Ledger USB wallet was not designed to be a stand-alone tool. It relies much on the host computer for set up and performing transactions. The host computer poses a weakness that may be exploited by hackers. This is when the extra security protocols become useful. The second security layer mitigates these weaknesses thus ensuring the safety of your tokens.

 

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Highway to Hell: Bitcoin Price Drops to $8,600 As Buyers Remain Helpless

Pricewise
Someone needs to wake up the buyers! Bears are tearing up the market without resistance, as Bitcoin price drops to $8,600
Highway to Hell: Bitcoin Price Drops to $8,600 As Buyers Remain Helpless

It’s fortunate that the color black does not have shades; otherwise, we would be obliged to say that Thursday turned out to be even blacker than the “Black Wednesday,” as we dubbed it yesterday. The fall of the market continues at the same pace, and the lack of a silver lining is draining the reserves of investors’ composure, patience, and enthusiasm, which serves the bears well. Buyers are in no hurry to part with their savings (even if they still have them), keeping in mind the rule “don’t try to catch a falling knife” and awaiting a clear sign of renewed growth.

Harsh statistics are not giving us that sign yet: market capitalization fell by another $40 bln, down to $350 bln which is close to the value from the beginning of February. Bitcoin price fell by another 15 percent to $8,600 which, interestingly, also corresponds to the levels of last month’s beginning. History repeating? Only Bitcoin dominance remains stable at 42 percent, the same as the previous day.

Nothing extraordinary happened in the top 10 altcoins: average price reduction for most positions fluctuates in the range of 10-11 percent. Only Cardano (again) and Monero stand out from the list, with losses of 15 and 19 percent respectively. Monero had been doing reasonably well up to this point, supported by the expectation of the upcoming fork. But during a global correction, forks tend to lose their significance, so now Monero is “catching up” with its colleagues at an accelerated pace.

Manipulating minds rather than prices

The media cycle is not changing, yesterday’s negative news pieces have been joined by a few more. The most discussed one concerns the sale of 35,000 Bitcoin and the same amount of Bitcoin Cash by а trustee of the infamous Mt. Gox. Converted to US Dollars at the current BTC rate, this makes up about $400 mln. Until recently, this would have been one-thousandth of the full cryptocurrency market capitalization and one four-hundredth of Bitcoin capitalization. Doesn’t it seem that the influence of just one, though powerful player on the market is somewhat exaggerated?

BTC/USD

During Thursday's trading, Bitcoin reached the next decline target, which we described in yesterday's review- $8,900. From the point of view of graphical analysis, the situation does not look good: the price chart of the underlying asset continues to draw new bearish flags and pennants. On the hourly chart this is less noticeable, but going down to lower time frames, the picture becomes clear.

Highway to Hell: Bitcoin Price Drops to $8,600 As Buyers Remain Helpless

The good news is the decline in volumes for sale. There are two pieces of bad news, though: first of all, the price is slow to push away from key levels, and second, after an unsuccessful retest, Bitcoin returned to the long-term descending channel. Together, this means that the culmination of the correction is still ahead. All the previously indicated levels remain relevant, so the next target is in the zone of $8,400-$8,250. It’s too early to speak of transitioning to growth, for that, we would need a clear signal of reversal with large purchase volumes. We recommend extremely cautious purchases from the level of $8,400 with a mandatory stop loss at $8,200.

ETH/USD

Despite the ongoing panic in the market, those readers who followed our recommendations and put out stop loss orders at $770 can observe the situation with equanimity. At the moment of writing, the price is balancing at $660, near the 0.786 Fibonacci correction. Additional support is provided by the lower boundary of the descending channel and the mirror resistance level. 

Highway to Hell: Bitcoin Price Drops to $8,600 As Buyers Remain Helpless

The last reliable level that can be constructed based on available data is $650. Lower than that, there is just the minimum reached during the February correction- $570. The longer the price is forcibly kept at $650 level, the more dramatic the fall will be if/when investors finally lose their nerve. Just in case, we’ll repeat the evident truth- now, everything depends on Bitcoin price. In case of continued correction, Ethereum can be “caught” at $570-$580, again with a mandatory stop loss at a slightly lower level like $555.

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Next Facebook will be Federation of Decentralized Networks: Bill Ottman of Minds.com

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What can be a strategy for the future of social media?
Next Facebook will be Federation of Decentralized Networks: Bill Ottman of Minds.com

The Cambridge Analytica scandal and Mark Zuckerberg’s Senate hearings brought issues of privacy and data ownership starkly into the public eye, prompting even the least technologically advanced users to give some thought to the way their information is being used by major media companies.

Bill Ottman was quite ahead of the curve, launching Minds in 2011 with the aim of creating a different social network – one that would not only let users post the genius exploits of their pets, but also foster a certain kind of community with a specific set of values.

While Minds has enjoyed slow but steady organic growth over the years, the increasing awareness of decentralized technologies could now put Minds into the spotlight. It might not single-handedly topple Facebook overnight, but that’s not how Bill Ottman sees the future of social media, anyway.

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Katya Michaels: You started Minds in 2011, the web and mobile apps were launched in June 2015. What has been happening since then?

Bill Ottman: We have been constantly growing– over a million users now. It’s mostly steady organic growth, with a few big jumps based around big privacy breaches or changes in algorithms on major social networks. These types of events cause people to search for alternatives.

We considered it very unethical what Facebook did with their algorithm.

It used to be possible to drive a lot of traffic to websites through Facebook, but with algorithm changes, you couldn't even reach your own fans anymore. This really affected the whole media industry.

Now, small to medium sized creators are finding it easier to grow an audience on Minds than on Facebook, even though we are literally a thousandth of the size because we have a way to break out of the void.

When we launched in 2015, we had a point system for boosting posts. This quickly became the most popular feature on the network. Now, our Ethereum-based token system works essentially the same way, but on a Blockchain. We reward people for the engagement that they receive and referrals that they make.

Then, they can use those tokens to boost their posts through the platform or through other users. For example, they can offer another user 100 tokens to share a photo – it’s pure peer to peer advertising with no middleman. An application concurrent with tokens is a crowdfunding tool, so creators can set tiers of rewards and offer monthly subscriptions with exclusive content.

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KM: Where are you with your token? How do you expect it to be affected by regulations?

BO: Currently we're on the Ethereum Link testnet. These are not real tokens yet. We're doing going through extensive security auditing to make sure all of our smart contracts are rock solid and consulting with legal.

Before we implemented crypto over the last six months, users could send each other points or  dollars with Stripe. We took all of that out to focus fully on crypto and our revenue in the future is going to be in tokens.

On day one of any potential token sale, the tokens will be immediately usable. There will be no future products, we're not doing any kind of presales, we're not doing lockup. We're really trying to check off all the boxes to fall into the utility category.

I'm actually glad that we waited because a lot of social apps that have launched crypto over the last year are in a difficult situation now because they did SAFT agreements for future tokens or they didn't have a product.

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KM: When Minds got started seven years ago, there were fewer people who recognized the issues with major platforms like Facebook. Will rising awareness of privacy breaches and Blockchain technologies give decentralized platforms a boost?

BO: Absolutely. Without spending money on marketing, we're seeing fully organic growth directly in line with Cambridge Analytica or similar events. I think that people are becoming much more aware, they're starting to care more.

We think people deserve to be rewarded for their energy. Facebook, Google, Twitter, proprietary social media – they have an extractive model. They're assuming that you're lucky to be using the platform for free and they're going to use your data as your form of compensation.

Now, people are starting to understand that users, influencers, content creators are valuable. The people are actually what constitutes the network. Some of these independent creators on Youtube have more social reach than CNN. They are big brands, and the proprietary networks have to be very careful about driving them away.

Our strategy is the reward mechanism. Earning tokens for your contribution – that's something that everyone cares about, even if you're into Internet freedom, privacy and open source technology.

There’s a learning curve with crypto. First you need to appeal a little to the common human aspect, and as they come to the platform, they are exposed to the other layers of value such as freedom, privacy, transparency.

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KM: Facebook has billions of users and they're not going to offload en masse anytime soon. How does Minds face the adoption challenge? Would you try to get big content creators to come over?

BO: We already have some big Youtubers and Twitter influencers on the platform A lot of our big growth spurts are when a content creator with a million followers says “follow me on Minds” and overnight we will see 25,000 more users.

Certainly, the influencers hold a huge amount of the power. That is where the waves of migration to more decentralized, incentivized networks will come from.

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KM: I feel there would be a self-selection process for decentralized social network adoption, with people who are more concerned about data ownership being more likely to make the switch.

BO: For sure. Probably 90 percent of our current user base are people who are very aware of these issues and personally invested in helping to build solutions. We had an equity crowdfunding round last year, actually setting the record in the US for fastest to raise a million – and it all came from 1500 members of our community. That's a lot of people who are invested in these causes and are willing to become shareholders.

KM: Some new entertainment platforms are trying to change the advertising model to a framework where users choose to engage with advertising and get rewarded for it. Is that something that Minds is considering – third party advertisement for token compensation?

BO: We're certainly looking into having users watch ads and get compensated for that, with a distribution model that will support the creator as well. But we're staying away from third-party ad networks. We actually built our own internal ad network specifically because of issues with surveillance. I would say probably 99 percent of ad networks out there are basically spyware.

KM: With user generated content, there are always going to be issues with content quality control, legal considerations. How is Minds handling that? What is your stance on curation and censorship?

BO: In terms of copyright, we handle it like anyone else. If we get a DMCA request, we take content down, but that hasn't been much of a problem at all. We spent a lot of time over the last year working on our reporting, blocking and filtering tools, so that users can have as much control over their experience as possible.

This is actually one of my main interests right now – content policy and the best strategy for diminishing hate speech online.

Dozens of studies show that censorship amplifies hate speech.

Networks that have extensive hate speech policies think that they're fixing the problem, but what's actually happening is that they aggravate the trolls and the discussions get inflamed. If you look at the rise of political polarization in the last year or two, it is directly related to what's happening on Youtube and Twitter and Facebook.

We're not standing up for free speech just for the sake of it – we believe this is the strategy the Internet needs on a long-term macro basis. We have that larger mission to not polarize politically and create an honest, open and positive tone for the network.

People really appreciate that, even if they have drastically different ideas.

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KM: That’s a very challenging thing to do because it seems like the system selects for extremity, and then it becomes difficult to defend moderate positions.

BO: I can't agree more. It's called the Streisand effect – when you silence something, it makes it louder. If you ban books, it makes people want to read them more. It's certainly tricky, but the right to freedom of speech and First Amendment protection exists for the purpose of defending ideas that most people find controversial. You don't need freedom of speech for things most people agree with.

I do think that we need to start having this conversation with the bigger networks. Reddit knows as much as anyone that the amplification of extremism happens when you censor, but they’ve gone down the rabbit hole over the last couple of years, censoring things arbitrarily. They've fallen away from where they originally were, and so has Twitter. It's very hard because the public pressure to cave is intense.

KM: A lot of these social media companies started out as mavericks, giving users freedom of expression, but years go by, they get big and they become the establishment. Do you think that’s something that can affect crypto and Blockchain companies as well?

BO: Well, look at what just happened to Coinbase– it banned Julian Assange. First he got banned from PayPal and there was a big uproar. Then he started taking donations in Bitcoin, and now Coinbase said no.

That's a perfect example of a crypto company that ends up becoming the establishment, but it’s very nuanced. Nuance for me is the word of the year, if not the last few years.

Obviously Coinbase is essential to the growth of crypto in general and it's a great company, but it’s also fully, totally proprietary. They've had transparency issues a little bit over the years.

Now there are also issues with privacy and Blockchain because Blockchain is immutable and forever. When people talk about publishing things to the Blockchain, but then wanting to delete them – you're getting into a complicated situation. Which would you prefer? The ability to delete or the decentralized power of the blockchain?

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KM: What's the roadmap for Minds over the next months? What are you hoping for?

BO: We're certainly aiming for a token sale this year. I think that we are seeing other examples like Steemit working – the SEC is not taking them down. Also, we are definitely focusing on further decentralization, but balancing that with the nuance of privacy versus the immutability that comes with Blockchain.

Our technology is fully open source and decentralized, so anyone can take our stack and start their own app. That's really important because those apps can be independent, but they can also potentially federate together.

We don't see the next Facebook being a singular centralized entity. It really can't be. Realistically it's going to be some sort of a federation – whether it's a federation of networks or individuals in control of their own data joining networks that are a decentralized.

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KM: So you see the future of media as stepping back from monopolization – being fragmented, but interoperable?

BO: For sure. It’s naive to expect everything in social media to be decentralized all at once. Sure, that's a great goal to have. But pragmatically and realistically, there's a reason that it hasn't been achieved yet. A lot of this tech is still very immature.

There's value in having a big community and making the process easy for everyone. Our strategy is more of centralization moving towards decentralization, as opposed to starting off in a scattered mess and trying to get everyone involved that way.

In order for Blockchain and open source, privacy networks to compete with Facebook, we have an obligation to become competitive functionally.

We're getting much closer. Our mobile apps are much better, we have a lot of the tools that they have. If you look at what's happening with Instagram, Snapchat, Google – all these apps tend to coalesce, they have the same features and compete with each other. What we want to do is provide those services, but with a different set of core values.

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Bitcoin, Ethereum, Ripple, EOS, NEM Bulls Take Control, Significant Gains Across Board: Price Analysis, July 17

Pricewise
Bitcoin price, altcoins go up, bulls take control of the market again
Bitcoin, Ethereum, Ripple, EOS, NEM Bulls Take Control, Significant Gains Across Board: Price Analysis, July 17

Bitcoin price and the prices of altcoins developed their upside progress Monday. The currency pairs have had significant gains in the past 24 hours. A bullish mood is returning to the market which may result in higher prices.

In the news, the Shanghai Stock Exchange looks to introduce distributed ledger technology to improve the  security of trading operations. This will include registration procedures and other important factors.

Coinsuper crypto exchange made a significant step forward as this platform is among the most popular exchanges now. However, some experts accuse the exchange in fake trading volumes.

Bitcoin (BTC/USD) price analysis, July 17

More than five percent added in the past 24 hours. Bitcoin looks very bullish currently as the currency pair is close to July’s tops. We think that BTC/USD is likely to develop this positive tendency and establish new highs in the nearest future.

Bitcoin (BTC/USD) Price analysis, May 25

Bitcoin has reached our targets on Monday as BTC price had a significant momentum. BTC/USD has jumped over a couple of resistance levels including $6,510 and $6,701. This upside momentum is likely to continue on Tuesday.

As for the main scenario, we think that Bitcoin will develop its growth targeting the next resistance at $6,943. There are no signals currently, but the currency pair is above the support at $6,701 and still looks bullish.

However, if bulls will be unable to develop their progress, bears may start a correction targeting the support area at $6,510.

Ethereum (ETH/USD) price analysis, July 17

Ethereum has added more than seven percent in the past 24 hours. The bullish flag is done currently but it helped traders to make the right decision we hope. The currency pair is close to its July’s highs and we think ETH/USD is likely to develop this positive trend in the nearest future.

Ethereum

Ethereum has jumped over a couple of resistance areas including $453.24 and $473.39 and currently is above the last one. ETH/USD looks bullish and we think it is going to reach July’s highs within Tuesday-Wednesday.

The main scenario for today is bullish as well. Ethereum is likely to reach the next resistance area at $500.36. Buyers seem to dominate the market and are likely to develop their progress. However, if sellers take short-term control over the market, they will be able to start a correction towards the support area at $453.24.

Ripple (XRP/USD) price analysis, July 17

Ripple has reached the targets we have set on Monday. The currency pair added almost eight percent in the past 24 hours and looks very strong. Buyers have taken control over the market and drive XRP/USD higher targeting July’s highs.

ripple

Let’s have a closer look at the currency pair and the current situation. XRP/USD has passed two resistance areas at $0.4495 and $0.4744 already. Ripple is trading above the last one at the moment of writing. However, we think that XRP/USD looks very promising and is able to reach new tops.

The main scenario for Tuesday-Wednesday is growth towards the next resistance at $0.5088. We think that this target will be reached in the nearest future. There are no patterns currently, but XRP/USD looks very promising currently.

As for the alternative one, Ripple may decline towards the support area at $0.4495. However, sellers will have to jump over the closest support at $0.4744 in this case.

EOS (EOS/USD) price analysis, July 17

More than 10 percent in the past 24 hours! This is the result of EOS’ growth on Monday. The currency pair seems to develop is progress as buyers are controlling the market currently. EOS/USD is likely to grow again, but it is still far from July’s highs.

eos

EOS has worked out a flag pattern and moved higher. The currency pair has broken through the resistance area at $7.65 and failed to reach the next resistance area at $8.29. However, we think that this is just a matter of time.

We think that growth is the main scenario for Tuesday. Buyers and investors are hungry for a bullish trend and they have total control over the market currently. Targets for this bullish trend are at July’s highs at least. EOS/USD is able to reach the resistance area at $9.03. However, buyers will have to jump over the closest resistance at $8.29 first.

As for the alternative view, bears may also gain control (but unlikely to). If this happens, they will push the currency pair lower targeting the support area at $7.10. They will also need to jump over the closest support area at $7.65 in this case.

NEM (XEM/USD) price analysis, July 17

NEM has added more than nine percent in the past 24 hours. The currency pair looks very promising and follows the allies. Buyers seem to have full control over the market and they are able to reach new tops on Tuesday-Wednesday.

nem

XEM/USD has jumped over the resistance area at $0.1682 and went higher on Monday. However, NEM failed to reach the next resistance at $0.1873. The currency pair stays below this level at the moment of writing.

The main trading idea for XEM/USD is a bullish scenario. We think that XEM/USD is likely to jump over the closest resistance area at $0.1873 in the nearest future and target the next resistance at $0.2002, where July highs lie.

However, bears can start a correction, with a  target at the closest support area of $0.1682 at least.

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