Darryn Pollock

Roger Ver Defends Bitcoin Cash’s Claim Amidst Ongoing War of Words

Roger Ver still maintains that Bitcoin Cash deserves the exclusive ownership of the name Bitcoin because it is much more akin to real cash
Roger Ver Defends Bitcoin Cash’s Claim Amidst Ongoing War of Words

 

The ongoing battle between the proponents of Bitcoin, and the new Bitcoin Cash, which forked from the main chain back in August 2017, is not showing any signs of easing. Neither side is giving an inch with threats of lawsuits towards Roger Ver for fraud and misdirection going hand in hand with his steadfast belief that Bitcoin Cash is the true Bitcoin.

Ver has come out once again and stated that Bitcoin Cash has to be deemed the true Bitcoin because it was always intended to be as usable as cash, and as it stands, the original cryptocurrency is not ticking that box.

Pressure mounting

Ver, an early adopter and fervent evangelist the community once called "Bitcoin Jesus," has been adamant in his support of Bitcoin Cash, to the point where he has denounced the original chain as Bitcoin, as it is understood to be.

Recent moves by Ver have seen his site, Bitcoin.com labeling what many consider the "Bitcoin cash protocol," as, "Bitcoin." This has prompted some to go as far as to suggest he should be trialed for fraud and be sentenced to jail time.

A community of more than 600 people has coalesced on Telegram who say they are planning to pursue legal action against Ver.

Still steadfast

However, even in light of this ire against him, Ver is steadfast in his belief that Bitcoin Cash is now what should be thought of as Bitcoin.

“The original title of the Bitcoin white paper is ‘a peer-to-peer electronic cash system,’” Ver told CoinGeek.com. “If you don’t think Bitcoin should be usable as cash, it’s not Bitcoin. That’s why Bitcoin Cash is Bitcoin, and Bitcoin Core is something else.”

“If things are slow, expensive and unreliable, people aren’t going to switch to it and that’s exactly what we saw happen with Bitcoin Core with the last couple of years. The amount of merchants using it around the world, the adoption rate basically came to a halt or even had reverse adoption and new people stopped getting interested in it,” Ver added.

“But now we are seeing a rebirth with Bitcoin Cash. It’s the same version and economic formula for Bitcoin that we always had, which were fast, cheap, reliable transactions.”

No end in sight

There really does not seem to be any end in sight when it comes to the war of words between the supporters of Bitcoin and the supporters of Bitcoin Cash, with Ver at their head. Although, some on one side of the fence are eyeing out what they call the flippining, where Bitcoin Cash will potentially become more valuable than Bitcoin.

Bitcoin Cash has been on a bit of a tear away in the last couple of weeks, thanks to a few reasons, such as its upcoming upgrade which sees it move to 32mb blocks, as well as the fact that miners have been increasing its scarcity by burning some profits.

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Darryn Pollock

Bitcoin Growth Has Always Been Organic, Why Panic Over Ad Bans?

Bitcoin does not need marketing or glitzy adverts, so why should ad bans effect it?
Bitcoin Growth Has Always Been Organic, Why Panic Over Ad Bans?

 

Two recent hit out at the cryptocurrency market have come from major players in Internet usage, that of Facebook and Google. When these announcements were made, Bitcoin price was affected negatively.

However, it is strange that it happens that way, as, even stated by these companies, the target of the ban is not Bitcoin, and any of the major coins, it is the scams. There are hundreds of dodgy ICOs, coins, scams and other dubious cryptocurrency businesses out there, but it has all but been unanimously agreed that Bitcoin is not one.

In fact, even if Bitcoin was targeted in this ban, it should not have much effect as the growth of Bitcoin over the years has been almost solely organic.

Bitcoin is not the target

In Google’s recent statement on their ban of crypto adverts, they stated:

“This year, we updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs).”

While this is a board swipe at an entire market, the goal of the ban is to protect individuals from being scammed by the dubious side of the burgeoning market.

Similarly, with Facebook, they stated that the ban on adverts is aimed at those “not operating in good faith.”

“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, many companies are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”

Thus, it is quite clear that Bitcoin is not the target of these beans, and that it has proven itself not to be dubious. It may be risky, but these moves by Google and Facebook are not to mitigate risk, but to protect from scams.

Bitcoin doesn’t even need adverts

Additionally, for those who have been inundated with Google and Facebook ads surrounding the crypto market, when was the last time a Bitcoin ad was seen? The decentralized coin has no marketing department, no content team pushing different campaigns, it is a coin that has garnered its reputation organically.

The Bitcoin brand has grown of its own accord, so, even if there was a ban on it’s advertising, really, there would be no effects to feel.

Still, Bitcoin’s price is taking a hit on this news, but really, it should be seen as positive news because the amount of dodgy and deceitful coins impersonating Bitcoin will be taken down and pushed to obscurity. Tags: Google, Facebook, Advertising, Ban, Bitcoin

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🕵️‍ ICO Watch Eric Eissler

Status, a Community Project That Raised over $100 mln: Past ICO Review

👁 ICO Watch
Blockchain OS is on its way. Are you ready for the next level of computing?
Status, a Community Project That Raised over $100 mln: Past ICO Review

Status OS  is a lite client of Ethereum. It is a small operating system that has encrypted services such as web browsing, chat, and payments - in Ether only.

The ICO raised $102 mln during a one day only sale on June 14, 2017. The entry price per token was $0.0366 and it is now trading at $0.95273.

The platform is based on the Ethereum Blockchain. This means that users can design their apps via smart contracts. Status is thus also connected to the Ethereum peer-to-peer network and can exchange data via the decentralized network.

Status’s Light Client offers a good opportunity for many users to work with the Ethereum Blockchain without having to download it completely.

The Status platform sees itself as a community project that functions via an open source system. Anyone who wants to participate can work on the platform. This ensures that users ensure the network design. Interestingly, Status sees itself as a new form of social media platform.

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Seven dapps and more to come

That sounds like a lot of functions, so what can Status do for me?

There are seven dapps on Status so far, with more to come in the future. First, it is possible to receive, send and save Ethereum or other cryptocurrencies. Status has an eWallet built into the dapp so you can use it for payments, sending or receiving money.

Also, users can also trade in Ether or use it as a means of payment in shops, provided that that store will accept payment in ETH.

The app provides the service to use its own encrypted and mobile identity to make digital interactions more secure. When you visit the site, you can download many different dapps which are all associated with Status and can be used within the Status OS app.

Messaging, payments, smart contracts and more

Additionally, there is an encrypted messenger, such as telegram, which can be used to send or receive Ether, complete Smart-Contracts and simply chat with friends.

In regards to payments, the Status Hardwallet is a particularly innovative solution as currently no other hardware wallet or mobile wallet in the industry supports transaction settlement through NFC.

Since the wallet will be compatible with all major cryptocurrencies including Bitcoin, Ether, and ERC20 tokens, users outside of the Status network will be able to use the Status Hardwallet to store and transact using other cryptocurrencies.

Seven dapps within the OS:

uPort

Declare digital independence. uPort is a self-sovereign identity system.

Gnosis

Crowd sourced wisdom. Make complex predictions on the go with an easy to use prediction market.

Oasis Exchange

Enjoy a near-instant decentralized digital asset exchange between ETH and ERC20 tokens.

Ethlance

The decentralized jobs marketplace. Hire or work for cryptocurrency, with no fees.

Aragon

Create unstoppable companies and organizations, and value without borders.

Etherisc

A decentralized insurance platform. Buy a policy on the go, and be paid claims automatically.

Ujo

Ujo is a home for artists. Create and control your creative content, and share it with the world.

The low down

This is a new take on the traditional OS for sure, but what we won’t know is how it will be received when it launches. When it comes to any product or service, it is the metrics and the number of units sold that matter to the market and to, most importantly, the investors. While the token is not worth much, it does not mean that the company is not worth anything. Until then, investors and users alike are awaiting the release of the software. Only after that point will Status be able to prove its status.

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Coins Guide George Shnurenko

What is EOS - Simple Explanation for Beginners

🎓 Coins Guide
EOS poses as a combination of Bitcoin’s highly secure blockchain and Ethereum’s unique system of smart contracts
What is EOS - Simple Explanation for Beginners

EOS: General Description

EOS.IO is a platform that allows its users to develop, host and run decentralized applications (DApps) with the help of groundbreaking horizontally scalable architecture. It functions as a blockchain-based operating system for app development (similarly to such heavyweights as Play Store and App Store). Among EOS’s main features one can point out the scheduling of DApps on various CPU cores as well as the creation of accounts, databases and real-time communication. The EOS network is able to achieve an incredibly fast speed of transaction processing: it takes a single second to scale millions of transactions because of the innovative DPoS algorithm. Moreover, users are not charged any fees (high transaction fees are considered to be one of the major Bitcoin’s drawbacks).

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Main Features of EOS

EOS poses as a combination of Bitcoin’s highly secure blockchain and Ethereum’s unique system of smart contracts that uses a special cryptographic code for enforcing a relationship between parties. Dan Larrimer, the creator of EOS, also applied some of the features from his previous projects such as Bitshares and Steem:

  • delegated PoS algorithm;
  • parallel processing that makes it possible to conduct over 10,000 transactions per second (TPS) and functions similarly to multithreading;
  • 2 degrees of separation;
  • hierarchical authority system.

The EOS network also employs Tezos’s l on-chain governance mechanisms while Bitcoin, for example, has off-chain governance. The system has its own ratified constitution that can be consensually amended by the users. Every single transaction is governed by the EOS constitution thorough a P2P User License Agreement (ULA).

One of the key innovations of the EOS network is the aforementioned operating system with in-built code framework that allows developers to create original applications with less effort. Furthermore, parallel processing ensures that the global system is not disrupted while modifying separate apps. That basically means that numerous hard forking cannot affect EOS. This feature is truly groundbreaking, and no other system can offer it.

EOS Blockchain

It is also worth mentioning the most important advantages of the EOS network:

  1. The inflation rate cannot exceed 5% in a single year. The ongoing blockchain emission of EOS tokens helps to fund the entire system. Again, this is fundamentally different from the Ethereum blockchain where every transaction is paid with gas. When it comes to EOS, the automatic emission is capable of permanently providing funding for the whole project.
  2. Free transactions. As mentioned above, all transactions are completely free which makes the currency more accessible for ordinary users, not just for crypto investors. You do not have to obtain any tokens in order to use EOS-based games or apps.
  3. The system swiftly responds to the needs of app developers because of its extremely high TPS rate. Furthermore, Dan Larimer is currently working on the implementation of sub-second latency in the EOS blockchain. That would make the fastest blockchain on the market even more efficient.
  4. Complicated addressed are simply replaces with usernames.
  5. Consensus mechanism replaces hard forking if there is a need to fix the account’s code. Thus, this helps to avoid creating numerous chains that are competing with each other.
  6. Users can communicate with each other in real time instead of relying on a timer because of asynchronous smart contracts. It eliminates any delays that are typical for sequential transaction processing.
  7. EOS has recently adopted WebAssembly (WASM) as its main programming language in order to achieve a higher TPS rate.

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Coins Guide
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Eric Eissler

Tokenization of Real Estate Brings More Liquidity to Market

The real estate market is a massive one and one that is ripe for Blockchain tokenization and the liquidity it can bring
Tokenization of Real Estate Brings More Liquidity to Market

As the concept of tokenization is being realized more and more, the ability to turn illiquid assets into liquid ones is becoming very attractive to investors. The real-estate market is the most traditional and perhaps the largest market globally, with the total value of all developed real estate in the world at $217 tln in 2015.

While the real-estate market is relatively liquid, it still takes weeks to buy or sell the property and the fees to transact are high, generally $5,000 to $10,000 in closing costs for residential property, in addition to all the parties that are involved in a sale besides the buy and the seller.

An additional issue is the high cost of construction of new developments, which usually limits who can invest based on buying in at a minimum of $25,000 and higher for Real Estate Investment Trusts (REIT).  

Tokenize property

Tokenizing property is as easy as creating a token on a smart contract, such as Ethereum, and instill value to that token in relation to the real asset. The important matter is how you want to manage the tokenized property.

An example of how this would work in real estate is illustrated as follows. Instead of putting down hundreds of thousands of dollars to buy only one piece of real estate, tokens for the property could be issued. You could pay a few thousand to buy a token from one house and then a few thousand dollars to buy a token from another house or development; these tokens could be priced lower to allow more buyers.

In this way, one spreads out the investment to create a portfolio. Tokenization also helps to make these assets liquid through the ease of selling them.

Proof-of-Asset Token

Let’s look at how the proof-of-asset (PoA) token would apply to a Real Estate Fund (REF). A REF is A real estate fund is a type of mutual fund that primarily focuses on investing in securities offered by public real estate companies. The majority of real estate funds are invested in commercial and corporate properties.

The primary digital trust fund divides its shares from a fund into smaller pieces and then turns them into tokens that can be bought and sold for the assets that are in an REF. After tokenization, the shares are securely stored by a custodian.

The digital asset manager sets up a digital trust fund that holds the assets that are backing the PoA tokens in an investment account with the custodian.

To ensure the safety of the underlying assets, the digital trust fund will hold exactly the same fund shares as that of the tokens which were issued. In this manner, each token is backed by a share.

Investors receive PoA tokens, upon depositing the crypto funds for the investment option. The PoA tokens are the key to the real-estate assets acquired on a digital platform.

Another investment approach based on PoA is to sell tokens based on square feet of future apartments. After the tokens are released and sold, all the investors have the possibility to sell.

Selling their tokens will allow them to obtain the money invested in the apartment project. Furthermore, token price is stable and appreciates while the apartment is built.

Tokenization has great potential to transform one of the biggest and most traditional investment assets in the world.

The tokenization of real estate will bring in more investors by lowering the minimum to invest in new construction and investors can build a larger portfolio by not having to purchase physical assets but rather their token equivalent, thus making the real estate market more liquid and opening the door to new investors.

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Wikicoin Alex Morris

How to Buy Bitcoin with Prepaid Cards: Beginner’s Guide

📚 Wikicoin
U.Today has reviewed the best ways to buy Bitcoins with your stack of prepaid cards
How to Buy Bitcoin with Prepaid Cards: Beginner’s Guide

The major difference between an ordinary debit card and a prepaid card is that the former is not pegged to a checking account in a bank. The funds are loaded on such cards in advance so that you can spend them. Case in point: reloadable MyVanilla prepaid cards that can be easily bought in your local Walmart store. The card’s current balance can be checked on the official website of its issuer.          
In most cases, prepaid cards are used as gifts — it is a very convenient way of sending money to a specific person if cash is not an appropriate option. Subsequently, it gives much more flexibility to a person who receives the gift since VISA prepaid cards are accepted all over the globe. One can buy clothes, electronic devices or...Bitcoin, the world’s biggest cryptocurrency.  

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Can you buy Bitcoin with gift cards on Coinbase?

Of course, Coinbase is the most obvious choice. The $8 bln startup, which is spearheaded by Brian Armstrong, is among the world’s most famous exchanges. Even with the recent listing spree, Coinbase still has a very meager choice of assets, but Bitcoin is on the list. However, prepaid cards are not accepted there despite some websites claiming otherwise.   
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US customers are able to make instantaneous purchases with their debit/credit cards, but Coinbase requires everyone to complete ID verification before adding a card. It is safe to say that the Armstrong-led exchange will never accept prepaid cards due to security concerns.

In July, however, the exchange launched its own Coinbase VISA gift card for European customers. These Coinbase prepaid VISA cards are accepted to propel the merchant adoption of cryptocurrencies. As of now, there is a huge gap between people investing in Bitcoin and people buying their Starbucks coffee with it. To tackle this issue, Crypto.com has already introduced the first crypto debit card.  

How to use Paxful?

After obtaining your prepaid card, you have to look for an exchange that actually accepts it. It is worth mentioning that buying Bitcoin with a prepaid VISA card is not an easy feat since exchanges are afraid of opening a Pandora’s box of financial manipulations. However, we’ve still managed to find some ways of purchasing crypto with practically any prepaid card.

First, we are going to cover a fairly popular website called Paxful. The website allows you to buy and sell Bitcoin while using a myriad of payment options (up to 300). Paxful accepts gift cards issued by VISA/Mastercard (the aforementioned MyVanilla prepaid cards), Walmart, Amazon, and so on.
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For more options, you can click the “Buy Bitcoin” button in order to open a new page with a search bar where you can manually find any payment method after choosing the suitable currency.
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This is the long list of all open offers that are sorted accordingly to the exchange rate. The seamless process of purchasing Bitcoin with gift cards comes with draconian fees. For example, if you want to buy Bitcoin with an iTunes gift card, you would have to pay a hefty commission that may go as high as 60 percent — for every dollar you spend, you get only $0.40 worth of Bitcoin. Usually, sellers offer the highest exchange rates (you lose less than 10 percent) if you meet them in person. In order to buy BTC with a prepaid card, simply click the green button on the right.
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Paxful also allows you selling Bitcoins. Simply choose the “Sell Bitcoin” option and decide what kind of payment method you would like to accept (whether these would be gift cards, cash deposits or online transfers).  

Paxful Pros and Cons  

Pros  

Cons

A beginner-friendly exchange

Different exchange rates

An enormous number of payment methods  

A lot of scammers

Buyers are not charged with any fees

A one-percent fee for sellers

Remember about safety


How safe is it? Paxful claims that their sellers’ Bitcoins are held in a secure escrow until the transaction is completed, which eliminates the possibility of a fraud. The peer-to-peer exchange creates a temporary Bitcoin wallet in your personal account. In order to enhance their security, users are recommended to enable 2FA.

Paxful and LocalBitcoins are both well-known peer-to-peer exchanges with a huge user base, but they cannot ensure that every seller is reliable. Hence, we recommend you to pay attention to the following rules:

  1. The system features feedback rating of a certain seller (any negative comments would obviously be concerning).
  2. We recommend you to make sure that you take a screenshot of every transaction.
  3. Also, protect your personal data — any private information shouldn’t be disclosed. You don’t want to lose your money, right?


Things may get even way worse than wasting your $20 gift card — as U.Today reported earlier, a man from Norway was brutally murdered during a LocalBitcoins meet-up. This is why it is important to have at least a quick live chat before having a direct contact with this person.      

Transaction cancellation is another point that has to be covered in order to prevent financial losses. Do not reveal any gift card details to the seller if you are not 100 percent sure whether the transaction has to take place. While it’s possible to call off the purchase, the seller will certainly be tempted to get access to your gift card.    
    

Alternatives to Paxful


Paxful isn’t the only option on the table if you want to buy Bitcoin with a gift card. You are also able to do this on LocalBitcoins.
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LocalBitcoins is the most well-known peer-to-peer exchange whose modus operandi is very similar to that of Paxful. The popularity of this exchange is skyrocketing in Russia as well as in some Latin American countries. With that being said, popularity is not necessarily a good thing because it brings more sketchy frauds, so follow all the above-mentioned safety measures.

Cointal is yet another peer-to-peer exchange for those who have no idea what to do with their gift cards, but it has a very questionable reputation with some users accusing it of being a fraud.

The bottom line

There are only two reputed exchanges that allow purchasing Bitcoin with a prepaid card. Despite the draconian exchange rates, it’s an excellent way to get rid of your stack of old cards.

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