Blockchain: Shifting From Internet of Information to Internet of Value

Shifting From Internet of Information
to Internet of Value

There is a growing trend of Blockchain implementation

in the social media industry. This development is changing how the public approaches an ecosystem which has before now been at the mercy of a few individuals in terms of security, commerce, functionality and general control. The significance of social media to everyday life keeps growing with each passing day. In the areas of education, politics, e-commerce and even relationships, the social environment built upon cyberspace is continually proving its relevance as a tool for effective communication between individuals and groups across different parts of the world.

Blockchain can overhaul social media

The emergence of Blockchain technology brings a revolution to this industry which is already visible in the areas of improved reliability and earning opportunities.

Derin Cag, founder of Richtopia says:

“With the rise of Blockchain technology, socio-economic transactions are improving and becoming more democratic as we shift from the Internet of information to the Internet of value.”

According to Cag, there are numerous benefits of having Blockchain technology frameworks within social media platforms.

  • First, it could help tackle fake news through establishing a rewards-based 'credit ratings system' for journalists and bloggers, which then could get embedded to all websites.
  • Second, it could improve user data privacy by providing people an option to opt-in for sharing programmes where they automatically get paid in cryptocurrencies when their data gets sold to third parties.
  • Third, it could improve automation through the use of smart contracts where Blockchains could interact with multiple platforms simultaneously on a user’s behalf. For example Facebook could speak with Twitter, could speak with Instagram, could speak with Reddit and so forth on a much deeper level than available at the time of writing.
  • Fourth, if the social media platform itself is based across distributed ledgers, this could help improve security because for example Bitcoin is one of the only valuable things online which has never been hacked itself.

One major problem that exists within the social media ecosystem and cyberspace, in general, is the significant lack of privacy and indiscriminate sharing of personal data across major social media platforms.

Be careful what you sign

It may not be particularly accurate to assume that these platforms make use of the data of individuals without their permission because almost every single one of these platforms have a ‘Terms and Conditions’ documents which most users agree to without even reading a single line of the usually extremely long document.

Most of the time, the ambiguous statements within these documents empowers the platform owners and administrators to exercise the level of control that we see today. However, this extensive control by the centralized platform owners does not only enable the indiscriminate exposure of users, but it also shuts them out from any possible benefits that they could achieve by the use of their personal data and identity. These are some of the problems that are already being addressed by Blockchain implementation in social media.

The five-year forecast

Abhishek Bhandari, co-founder and VP of Bloomatch tells Cointelegraph that Blockchain is revolutionizing each and every industry at the moment. He notes that the major attraction of various sectors towards Blockchain is the basics of Blockchain for maintaining data on multiple and

decentralized nodes.

“I assume in next five years most of the platforms in digital space would use Blockchain.”

Bhandari affirms that Social Media has become a very important and indispensable part of human existence and Blockchain technology would give a sense of protection and satisfaction to all users. He explains that current social media platforms have many drawbacks in terms of data security and cyber crimes, problems which he is certain that Blockchain technology will eventually address effectively

All about attention

Dor Konforty, CEO of Synereo elaborates that the primary purpose of the marketing, content, and features of Facebook, YouTube and most other modern media platforms is to increase the number of hours each user engages with the platform, to the point where it may disrupt their lives, so that they can capture and sell more of their attention as well as information about their behavior. However, Konforty explains that without a centralized entity profiting from this, and with value generated flowing directly to users through intermediary-less interactions, new platforms will adapt their business models to rely on added-on services rather than on practices which have already been proven to be harmful to the health of their userbases.

Konforty also notes the complexity of monetization on social media:

“Monetization is another deep trouble; creators of original content are in a position where the method they chose for publishing their creations defines their method of monetization, if existent. While YouTube shares some of their proceeds with creators, Facebook, Twitter and the like don't do even that.”

Ultimately, without intermediaries shaping the discourse and being in full control of the available content, all geared towards their bottom lines, the space of possible social and economic interactions will expand greatly, benefiting all involved. Likewise, without huge datastores immediately available to centralized entities, dystopian scenarios such as allocating scores to citizens based on their online activity and adherence to the mandated way of living may be averted. This is the promise of the Blockchain.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Qtum Bridging Gap Between East and West With BlockShow Asia

Qtum Bridging Gap Between
East and West With BlockShow Asia

Cointelegraph continues updating you about the companies

that made significant input to the recent BlockShow Asia conference in Singapore. This time we will discover a company called Qtum and speak with the CEO Patrick Dai. Qtum joined BlockShow Asia because they hope that they can enlighten people with the value of their technology and they know if they want to do that they need to support the industry. Qtum is claimed to be a Blockchain project that bridges the gap between Bitcoin, Ethereum and the other parts of the whole

Crypto/Blockchain field.

“Combining East and West, the advantages of several projects with our own innovations it’s what makes our team and our technology so great.”

What is Qtum?

Qtum is an open source Blockchain project that is developed by the Singapore-based Qtum Foundation. Qtum is a hybrid Blockchain application platform. Qtum’s core technology combines a fork of Bitcoin core, an Account Abstraction Layer allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus aimed at

tackling industry use cases.

“We believe this will allow Smart Contracts and Decentralized Applications to run on a familiar foundation while offering a robust environment for developers.”

Patrick Dai joined the Blockchain project in 2012. He was the first of 50 people in China who knew anything about Bitcoin. In 2015, he wanted to create something new to help the industry- that was the birth of Qtum. Patrick stated at

BlockShow Asia:

“The whole cryptocurrency is a small circle we need to work together, we need a union so that’s the reason we built Qtum.”

From the open source software evolution he believed he should make something more edgy, reinvent the wheel. Qtum uses Bitcoin and proof of stake as a consensus. Patrick wanted Qtum to become a layered design. They have a decentralized governance protocol where everyone can make a decision if you are a coin holder. Most of Blockchain is based on the proof of work- Satoshi’s original decision – but now the idea is changing the Blockchain is becoming more centralized.

He comments:

“I believe that proof of stake is the new trend, that is a part of the reason why Qtum from the very beginning is using proof of stake. Also, I think right now the usability is a disaster for a lot of people, its super hard to manage your private key, to manage your money. Right now for the smart contract we are using Solidity, but Solidity is a new development language, we do not have too many developers who are masters in Solidity.”

Part of Qtum’s appeal to IoT comes from our proof-of-stake design, Qtum’s ability to execute smart contracts from light clients, and their lightning network and x86 virtual machine which are in the works. At BlockShow Asia Patrick explained how the IoT industry’s little regulation allows it to innovate faster, especially when it comes to Blockchain technology. Devices and things can be given identities and accounts to interact machine-to-machine in ways never before possible.

Qtum at BlockShow Asia

At BlockShow Asia 2017, Qtum was not only one of the main sponsors, but also participated in the event as an exhibitor. That’s how the Qtum team explains the company’s main goal in being part of

the BlockShow Asia exhibition:

“Since our industry changes so rapidly, we need to be aware of all the innovations coming onto the scene. I think engaging with the community, seeing how sentiment changes, and what technologies have made recent breakthroughs is important for Qtum to stay up-to-date”.

According to John Scianna, Marketing Director at Qtum, the audience which came to visit the company’s booth during the conference was quite diverse: “It ranged from people just hearing about Blockchain to Qtum fans.” Moreover, Qtum CEO Patrick Dai performed as a speaker on the first day of the conference, speaking about the future of Blockchain and IoT, which he believes is one of the most promising sectors to be empowered with Blockchain technology.

Patrick comments:

“We believe that Blockchain IoT applications will really take off in this coming year. Blockchain technology offers a number of advantages to this industry. Currently, there’s several competing communication technologies for IoT devices, but if we can develop a framework and some standards, we can make some advancements.”

Future plans

Qtum is building the bridge between the Blockchain and traditional worlds. For far too long, the industry has been limited by the amount of developers that could be trained to learn Solidity. They will have an x86 VM prototype running on the test network in early 2018 along with a whole range of wallets and developer tools that will increase the accessibility and utility of the network. Qtum is highly ambitious on Qtum’s x86 VM accessibility: “With Qtum’s x86 VM we will help give access to the millions of developers that know traditional programming languages like C, C++, Rust, Haskell, etc. so that they can become dapp developers.”

In addition, Qtum just released their latest Qt wallet, which allows people to interact with smart contracts and QRC20 tokens. This is a significant milestone for the Qtum community since now they can unleash the full potential of their dapps. Stay tuned and excited about their release of an updated roadmap with even more details coming shortly! Make sure to stay up to date with Cointelegraph! We will be making updates of interviews and influential insights learned from BlockShow Asia. You can enjoy more BlockShow-related materials at our official Social Media channels and make sure to stay tuned for some fresh announcements which are coming up soon.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Hit On Net Neutrality Could Be Blow To Bitcoin/Breaking:

Hit On Net Neutrality Could
Be Blow To Bitcoin

FCC head Ajit Pai has managed to deal a major blow

to free and neutral Internet usage by repealing the so-called Net Neutrality laws. Effectively, this allows broadband companies the power to potentially reshape Americans’ online experiences. Effectively, the likes of AT&T and Comcast now have the ability to block certain websites to their customers or even charge more for usage of them. Now, the broadband providers can influence what sites of the Internet are used. For Bitcoin, this could have huge implications as the digital currency operates totally online and within the sights of these companies. Bitcoin and its related sectors have also been eyed suspiciously by traditional monopolies, and their stance in the eyes of these broadband providers is yet to be known.

Choosing a preferred exchange

For the everyday Bitcoin user, in the US for this instance, there is a pretty familiar pattern. The man on the street logs on to Coinbase buys his Ethereum, Bitcoin or Litecoin and operates from there. The exchange is the on-ramp and the exchange is also an easy target without Net Neutrality laws. Marvin Ammori, lawyer for the advocacy group Fight for

the Future told Motherboard:

“The average person goes to Coinbase to buy Bitcoin, Ethereum or Litecoin—the average on-ramp is an exchange, and those are easy to block. If Comcast is the monopoly provider in an area, the provider could decide there’s a preferred Bitcoin exchange.”

Potential catastrophe

While this is still hypothetical, it essentially means a new weapon has been minted in the fight against Bitcoin. For instance, these ISPs, under the pressure of governments or other major institutions, could set in motion ways to stop access to cryptocurrency exchanges. The likes of Coinbase and other major exchanges have worked hard to grow their reputation and assure people of a safe cryptocurrency space. But if they are shut down or hindered to a point where they are unusable, many crypto-enthusiasts will be left stranded.

However, if these ISPs do decide to let Bitcoin live on, there is every chance they will use their new-found power to squeeze the most out of them. Prefered Exchanges will be given preference – and preferred will no doubt mean centralized. According to Cornell University computer science professor Emin Gün Sirer, even if popular sites like Coinbase can pony up and pay a service provider for faster traffic in the name of good business, individual uses of

Cryptocurrencies could still suffer.

“Peer-to-peer applications may be greatly affected because they’re not in the top 100 most popular destinations on the web. Providers can make the case that supporting those non-top-100 services costs more, and users have to bear that cost.” “My worry is it will affect the ability to run your own node.”

A ‘node’ is one of many computers that communicate with each other to run the decentralized network of a cryptocurrency. Throttling nodes would require a service provider to manage traffic at the IP level, and not simply look for a particular protocol.

Where to go?

This could put an end to many’s foray into the world of cryptocurrency, shutting down the disruptive force on many different established sectors. However, those who do stay would then be forced back down the dark path of Bitcoin’s past – onto the darknet and other illegal marketplaces.

Researchers Reveal First-Ever Complete Quantum Chip Architecture

Researchers at the University of New South Wales

have revealed an architectural structure that solves some of the stability issues that are facing quantum computing scientists, according to a recent report. The new architecture, which the report compared in significance to landing a man on the Moon, utilizes currently available processors to organize how each ‘spin qubit’ is kept stable and interacts with those around it. By building a grid of silicon transistors to control the spin and interaction of each qubit (qubits are the building block of a quantum computer), the researchers have been able to stabilize interactions between them, the sticking point of quantum computing to date.

The author, Menno Veldhorst, says:

"By selecting electrodes above a qubit, we can control a qubit's spin, which stores the quantum binary code of a 0 or 1. And by selecting electrodes between the qubits, two-qubit logic interactions, or calculations, can be performed between qubits.”

While the research moves the technology forward, the report indicates that there is still more to do to create a commercially viable technology.

Quantum Blockchain security

According to researchers at Carnegie Mellon, quantum computing could theoretically be used to break through the encryption mechanism of Blockchain technology, putting the security of the network at risk. The risks associated with the quantum computing, however, are somewhat distant, potentially giving researchers time to build encryption ‘patches’ that will handle the quantum computing risks.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

One in Three Millennials Will Own Cryptocurrency by the End of 2018

One in Three Millennials Will Own Cryptocurrency by the End of 2018

Bitcoin continues to attract a lot of attention all over the world.

Whether or not it makes for a great investment remains to be determined by the masses. Even though the initial Bitcoin craze has died down quite a bit, there are still plenty of Millennials who are showing an interest in the world’s leading cryptocurrency. In fact, it is expected that one in three members of this demographic will invest in any cryptocurrency by late 2018.

Cryptocurrencies Remain Very Popular

It is evident the recent Bitcoin price growth has attracted a lot of attention over the past year. With its value soaring to new heights, everyone wants to ensure they are on the Bitcoin train before it leaves the station. At the same time, one has to acknowledge there may not be too many more Bitcoin price gains in the next few weeks and months, although anything can happen in the world of crypto. Most people will acknowledge this ecosystem is about so much more than Bitcoin, though, as the major altcoins have appreciated in value as well.

Thanks to the Millennials, things will get very interesting moving forward. Right now, around 5% of this demographic has already invested in various cryptocurrencies, which is a more-than-solid number already. However, this percentage will keep on growing, and it is expected that nearly 33% of all Millennials will hold at least one cryptocurrency by the end of 2018. Which currencies those will be exactly remains to be determined. London Block Exchange recently performed a study to determine how this demographic feels about different cryptocurrencies. While Bitcoin is still incredibly popular, most people also acknowledge 2018 may very well be the year of prominent altcoins. How high these values can soar is anybody’s guess, though, as most major currencies have seen major gains this year. No one will even come close to challenging Bitcoin, although it is evident the world’s leading cryptocurrency is far from perfect in its current form.

Millennials are turning to cryptocurrency

because it is more attractive than traditional investments. Moreover, a large portion of this demographic feels left behind by these traditional options. Neither properties nor pensions are necessarily all that profitable for the younger generation to invest in right now. Pensions may not even be around by the time most Millennials reach retirement. Things are not looking all that great in the world of traditional finance right now; that much is evident.

Combine this lack of appeal with the general distrust most Millennials have for banks and financial institutions, and it only becomes clearer why cryptocurrencies will continue to surge. There is a vast difference between the younger generation’s view of money and finance and how older people perceive them right now. Whether or not this means we will see an even larger influx of new cryptocurrency investors remains to be seen. For now, it seems such growth is almost inevitable.

There is also a general sense of regret among Millennials for not having bought into cryptocurrency sooner. Rest assured a lot of people around the world share this sentiment, as all values have soared beyond people’s wildest expectations. Although it remains to be seen what the future holds in regard to various cryptocurrencies, things may certainly intensify over the next few months as Millennials continue to invest in these markets.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

2018: The Year of the Cryptocurrency Craze

The Year of the Cryptocurrency Craze

Every successful new technology

undergoes a Cambrian Era-style explosion of growth in which we try to use it for everything. Email, search, social networking—each passed through its “this will solve all our problems!” phase before we figured out what its best applications and limitations were. With the Bitcoin bubble testing astronomical prices every day, cryptocurrencies and the blockchain technology that drives them are now taking their turn in this one-tech-fits-all role. A blockchain is a cryptographically protected distributed ledger—it’s what protects you or anyone else from making a copy of that Bitcoin you just bought. You’ve probably heard about the popularity of blockchain tech in the financial business.

In fact, anything that you can make a list of, you can manage with blockchains. Ambitious developers and entrepreneurs are aiming to use them to rework everything from how we track land ownership to how we distribute medicine and how we grant diplomas. Some of these ideas are brilliant, while others are ridiculous. Do we really need a blockchain to run an online encyclopedia or pay for news? Whether we do or not, in 2018, we’re probably going to see it tried. That’s partly because of a glut of venture capital and the salivation of investors thrilled by Bitcoin’s wild ride. But it’s also because this is the exuberant but wasteful process by which the tech industry determines what each new platform is actually good for. And it’s a process that will play out whether the Bitcoin bubble keeps soaring or finally pops.

In the coming year, the motto of financial-tech developers is going to be “cryptocoins for everything!” Initial Coin Offerings (ICOs), which introduce new cryptocurrencies to the world, have raised $4 billion so far, mostly in the last year—and that has turned them into a craze of their own. A future in which each of us has our own personal currency remains improbable. But one in which each big tech platform issues a token as the coin of its realm is probably not far off. Before that can happen, here are three issues that the industry will need to resolve: Are ICO tokens primarily investments, or tools? Can we give up the idea that cryptocurrencies are a new species of traditional cash? And can developers end the plague of technical problems surrounding Bitcoin and every other cryptocoin? The continued rise of cryptocurrencies in 2018 will depend on how much progress the crypto world can make on these questions.

What Is a Token?

Initial Coin Offerings (ICOs) started out as an alternative means for funding new protocols and infrastructure in the crypto universe. Through this process, companies create and sell tokens; the tokens can be hoarded as investments, or used to accomplish tasks on their platform. Some projects, hoping to reassure skeptics and qualify for more institutional capital, explicitly model their cryptocoin projects on traditional investment vehicles. The startup incubator Science, for instance, raised $12 million in an ICO aimed at taking advantage of ICO-mania to kickstart a whole venture fund’s worth of investments in blockchain-related companies. Science structured its ICO to meet Securities and Exchange Commission rules, and buying into the Science ICO was not that different from buying into any other seed investment round.

The Smartest Move on the part of Companies making ICOS and Bitcoin-Related products will be to wean the Public and the media off the "Digital Cash: Concept.

Others take a more complex view of the role of tokens: Sure, they can fluctuate in value and serve as investments, but we’re creating them because they have a job to perform in making a new technology work. Engineers building new protocols and platforms don’t just take the cash raised in the ICO; the tokens they sell also create incentives and perform basic functions in the systems they’re building, so the tokens won’t just sit in investment accounts. That’s the approach that lay behind the recent $50 million ICO by Blockstack, a startup that envisions a decentralized, blockchain-based web in which your direct interactions with businesses, organizations, and other individuals are powered by its tokens. Blockstack’s system uses its own browser and plans prototype apps from independent developers for data storage, Airbnb-style home rental, music publishing, and personal health records.

Right now, the ICO world happily embraces both these models. A year from now, we should have more evidence to show which one makes more sense. The investment model offers more assurance that any particular ICO won’t be an outright scam; the “put tokens to work” approach opens up more revolutionary technical possibilities.

The Future is Cash-Free

Bitcoin was first explained to the public as a form of digital money, and that is how its successors and competitors—like Litecoin, Filecoin, and Ether—have been framed as well. Each of these “currencies” resembles traditional money in certain ways—they’re abstractions of economic value; they can be traded; they each use unique symbols. But none of them is suited to playing the most basic role of currency, as a relatively stable medium of exchange—that is, as a simple way to buy and sell stuff. There’s too much friction involved. Each transaction takes too long, uses too much energy, and involves too many risks. (Bitcoin, for instance, is shockingly easy to lose—one misplaced password and you’re in trouble.)

More Predictions for 2018

Nearly a year ago—back when Bitcoin was trading for a mere $1000 and people rolled their eyes!—Cade Metz was arguing in Wired that “Bitcoin will never be a currency.” But that idea isn’t dying gently. Here, for instance, is the latest sad tale of a Bitcoin owner who tried to sell some of his holding and found himself in a labyrinth of trouble. As he lamented on Twitter, “It’s still either super complex to use, either woefully insecure and/or unsafe. but now you also have ridiculous high fees, long confirmation times, super impractical exchanges with zero .” (His Twitter ID says he’s a Google engineer, so he’s likely neither a rube nor a technophobe.) In 2018, the smartest move on the part of companies making ICOs and Bitcoin-related products will be to wean the public and the media off the “digital cash” concept. It’s a metaphor that no longer makes sense, and it’s getting in the way of our properly understanding a new technology that’s looks like money but really isn’t.

Still Working Out the Bugs

The biggest problems with Bitcoin have emerged because the mechanics of buying and holding bitcoins are so inscrutable that nearly everyone pays third parties to handle them. Those wallet-service middlemen become points of failure for the whole system. They get hacked; their systems go down; they get ordered by governments and regulators to report transactions that users thought would be anonymous. In 2018 you can expect to see an escalating competition among providers of these wallet services to earn users’ trust. It won’t be easy, since the inflation in Bitcoin’s price has driven a frenzy of participation that strains these companies’ capacities. But if the Bitcoin world doesn’t solve this problem, it will sour the entire industry’s prospects, as it crops up for each new coin or token that catches fire.

Each of these three challenges that cryptocurrencies face comes down to a question of trust. Ironically, the libertarian dreamers who conceived of Bitcoin and its brethren imagined a world of “trustlessness,” in which you didn’t have to assess the reputation of the counterparty in any transaction, or any middleman institution, because the whole process was guaranteed by the blockchain’s irrefutable, crypto-secured record. But nothing that’s happening in the world of ICOs and Bitcoin today has moved us any closer to such a trustless state. People are still making gut-driven bets based on faith: Is my wallet company the most reliable? Which token is most likely to last and appreciate? Which developers are moving in the smartest direction?

Those bets will continue as long as the market keeps rising. The cryptocurrency boom has been built on abundance—both in capital (because interest rates have been so low for so long) and in technical resources (because there were lots of idle CPUs before the cryptocurrency frenzy commenced). As BitTorrent inventor Bram Cohen says, “Bitcoin does a very good job of wasting every available resource it can get its hands on.” The technical resources have begun to dwindle, which is why gamers have to pay more for their graphic cards—the Bitcoin miners have bought up all the hardware. The slightest whiff of a financial crisis will tighten the available financial resources, too. The real test for cryptocurrencies, next year and beyond, will be whether they can evolve to be more efficient. Remember: The Cambrian Era ended in mass extinction.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Why Blockchain Will Save the Agency Business

Why Blockchain Will Save
the Agency Business


Now it's time to turn our attention

Last month, I proposed a new disruptive agency model that outlines the operational and organizational structure of the agency of the future. Now it's time to turn our attention to the most important jigsaw piece: the question of the disruptive agency's business model. Like the scene from "The Graduate" in which Benjamin (Dustin Hoffman) learns the secret to success in one word, "plastic," the silver-bullet answer for agencies is "blockchain."

I realize there's a lot of "buzzy" talk about blockchain. But blockchain isn't about technology at all. Rather, it's about new business models that fundamentally change how business will be done. As Emily Becher, SVP AT Samsung NEXT International, explains: "Blockchain is a distribution of trust that can shift the distribution of power …." Don't be put off by the geek-speak. Blockchain represents the biggest new revenue opportunity for agencies since 2005, before the industry was taken over by a few big ad networks, black box platforms and fraud. In 2005, ad tech was approached with a "wait and see attitude" because agencies didn't see the business model. Ten years later, the business model is clear and agencies took the biggest hit.

In a reversal of fortune, instead of technology creating more opacity as usual, blockchain is the technology of trust agencies need to protect and act on their clients' best behalf. What's disruptive about blockchain for agencies is that it powers a new and vital "trust" role for agencies, ensuring the quality of the entire advertising supply, heretofore impossible for agencies to execute. With blockchain, "trust" can become a monetizable asset for agencies three ways.

Blockchain allows agencies to diversify campaigns efficiently by breaking the lock of the big ad duopoly.

Facebook and Google capture 70% of all U.S. ad dollars because, for agencies, these platforms scale easily. Yet this concentration of so many ad dollars into so few outlets puts agencies and their advertisers at a huge disadvantage, with little control over campaign execution. Blockchain solves this problem because it decentralizes "transactional" control, so that agencies can efficiently deal directly with many digital outlets, like local media, to improve the quality of campaigns. In this new environment, savvy agencies can create engaging user experiences organized around verified audiences who are engaged on specific topics in real time.

Blockchain eliminates the need for "black box middlemen" who bleed ad budgets (and results) for advertisers.

Blockchain aims its "decentralization arrow" at the heart of ad tech middlemen (ad networks, exchanges and SaaS platforms) because its distributed ledger architecture is a trusted framework with which parties can directly interact. No need for "transaction arbitrators" or external SaaS players, all of who saw spectacular financial growth at the direct expense of advertiser results, due to an erosion of active media dollars.

Blockchain breaks the financial influence tech firms have on marketing.

Let's face it. Technologists drove ad tech to suit the needs of investors first and marketers second, which is why we are left with a complex, dysfunctional landscape of epic proportions. Right now, blockchain is being largely left to the technologists, who have a propensity to solve technical problems in complex ways. For instance, one blockchain venture plans to run 100,000 simultaneous blockchains to overcome the severe blockchain transaction limit of 7-10 per minute. This approach may be imaginative, but its complexity is daunting, covering issues as diverse as energy management (blockchain consumes crazy amounts of energy) to latency issues. Yet this is what is getting funded. The nascent blockchain business is being shaped by technologists, not agencies, and that could mean agencies will miss a new revenue opportunity, one they haven't seen in over a decade and are unlikely to see again for another decade.

The most important change agencies need right now is a change of attitude. Blockchain can disproportionately allow agencies to save the industry, as they save themselves. If agencies had 2005 to do again — I bet a lot would be different. It's a "back to the future" moment when Dr. Brown declares: "If my calculations are correct … you gonna see some serious stuff," and for the disruptive agencies, this is gonna be awesome.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Ripple Price Surges 84% In A Day To New Record High. Is XRP The Next Crypto Rocket ‘To The Moon’?

Ripple Price Surges 84% In A Day To New Record High. Is XRP The Next Crypto Rocket 'To The Moon'?

Ripple seizes the #4 spot with $18B market cap.

Alongside major developments in Bitcoin, Litecoin, and Ethereum, other altcoins are beginning to gain traction in the broader eye. One such coin is Ripple (XRP), a cryptocurrency known for its connection with the banking world. 24 hours ago, the price of XRP was $0.27. Earlier this morning (PST), it hit $0.51—an increase of 84 percent. At the time of this writing the price is $0.46 (CoinMarketCap).

What you need to know about Ripple

Alongside its cryptocurrency, Ripple operates as a payment network called RippleNet. The goal of the platform is to optimize easy transfer of funds—to almost any other currency or cryptocurrency in the world in 4 seconds. Ripple is working with banks and financial institutions to become the premier cryptocurrency of record, offering a quick, cost-effective way to transfer funds globally. For example, if you wanted to send your friend in Italy $50, you could trade for $50 worth of XRP, and they could quickly trade that out for Euros.

So why has XRP gone up so quickly?

The increased activity in Bitcoin following Cboe launching bitcoin futures trading on Dec. 10, is generating more activity around the entire cryptocurrency world. As the #4 (and occasionally #5 when Litecoin surpassed it) cryptocurrency, of course Ripple has felt the, well, ripple effect. Another explanation is that as the Bitcoin craze cools off, more people are trading for Ripple—which some see as a more stable asset.

"I think that markets view XRP as a very stable digital asset, so they feel safe parking funds in XRP when they exit other assets. If someone wants to get out of BTC, but doesn't want to necessarily move into fiat, he or she moves the value into XRP," said Miguel Vias, head of XRP markets at Ripple in an interview with Coindesk. Especially as network speeds lag and transaction fees soar on Bitcoin, Ripple may be an appealing trading alternative with its super-fast speeds.

AMEX Partnership

Unlike many cryptocurrencies, whose ethos moves away from traditional banking and financial institutions, Ripple seeks to use the new technology to optimize how money is moved. To that end, a recently announced partnership with American Express could be driving buzz around XRP. Ripple will be working with AMEX to "solve liquidity shortfalls in remittances by offering instant blockchain-based payments."

"American Express has a long history of integrating new technologies…,” said American Express Chief Information Officer Marc Gordon, in a statement. “This collaboration with Ripple and Santander represents the next step forward on our blockchain journey, evolving the way we move money around the world.” Another explanation is that as the Bitcoin craze cools off, more people are trading for Ripple—which some see as a more stable asset.

"I think that markets view XRP as a very stable digital asset, so they feel safe parking funds in XRP when they exit other assets. If someone wants to get out of BTC, but doesn't want to necessarily move into fiat, he or she moves the value into XRP," said Miguel Vias, head of XRP markets at Ripple in an interview with Coindesk. Especially as network speeds lag and transaction fees soar on Bitcoin, Ripple may be an appealing trading alternative with its super-fast speeds.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Saudi, UAE Central Banks Team Up to Test CryptocurrencySaudi, UAE Central Banks Team Up to Test Cryptocurrency/more

Saudi, UAE Central Banks Team Up to Test CryptocurrencySaudi, UAE Central Banks Team Up to Test Cryptocurrency

The central banks of the United Arab Emirates and Saudi Arabia Saudi,

UAE Central Banks Team Up to Test CryptocurrencySaudi, UAE Central Banks Team Up to Test Cryptocurrencyare reportedly launching a pilot initiative that will see the two institutions test a new cryptocurrency for cross-border payments.

Regional news sources such as The National and Gulf Digital News report that Mubarak Rashid al-Mansouri, the UAE central bank's governor, unveiled the initiative at a meeting of the Arab Monetary Fund (AMF). Though a press release tied to the Dec. 13-14 meeting does not directly relate to cryptocurrency, it does reference that financial technology topics more generally will be up for discussion among the group of central bankers and financial regulators.

According to GDN, al-Mansouri praised the effort as a first for the region. "This is the first times[sic] the monetary authorities of two countries cooperation to use blockchain technology," he said. As quoted by The National, al-Mansouri described the project as a "digitisation of what we do already between central banks and banks." The involvement of Saudi Arabia's central bank is notable, given that the institution to date has not commented on the tech or indicated that it was looking into potential use cases.

By contrast, the UAE is home to a number of private and public sector-driven initiatives, including Dubai's Global Blockchain Council. A number of financial institutions have explored uses of the tech in recent months, include Emirates NBD, which is developing a blockchain-based service for validating bank cheques.

Crypto hedge funds are beating their benchmarks

Decisions, decisions.

Hedge fund managers have been under pressure of late, criticized for charging high fees (paywall) while often failing to outperform inexpensive index trackers. But investors in hedge funds that bet on cryptoassets have less reason to gripe: these funds are comfortably beating broad measures of market performance.As usual with cryptocurrencies, the returns are mind boggling. Crypto hedge funds have gained 1,641% in the year to November, according to data-tracking firm HFR. The funds in HFR’s index hold a portfolio of assets like bitcoin, ethereum, litecoin, as well as tokens from initial coin offerings (ICOs).

A value-weighted index of the 10 biggest cryptoassets has gained a mere 1,226% over the same period, according to the HOLD 10 Index. A measure of bitcoin prices provided by CME Group—the CME CF Bitcoin Reference Rate—is up 857%. The funds’ bumper performance could be explained by their investments in ICOs, which blend aspects of digital tokens with crowdfunding. Just about every government watchdog has warned investors to think twice before investing in them. But despite their slippery legal status, some ICOs have recorded immense gains, either on their own merits or often simply because the tokens are denominated in ether, which has gained more than 6,000% in price this year.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Bitcoin ‘dwarfs’ nearly all bubbles, Bitcoin Has Gone Mainstream.

Bitcoin 'dwarfs' nearly all bubbles, including the 1929 stock market crash, investor Ken Fisher says

  • Bitcoin, which has soared this year, has some market participants warning of a bubble.
  • "This one in magnitude, whether it's a bubble or not, the price move around that dwarfs every bubble that's ever occurred," Ken Fisher says.

Whether or not bitcoin is in a bubble,

the cryptocurrency's performance "dwarfs" nearly all bubbles, including the 1929 stock market crash, investor Ken Fisher told CNBC on Wednesday. Bitcoin, which has surged more than 1,500 percent this year, has many market participants warning of a bubble. Fisher suggested looking at the peak of prior bubbles with that of the popular digital currency.

"If you look at bitcoin coming up to this point today and overlay it with the peak, it dwarfs all those other bubbles," the executive chairman and co-chief investment officer of Fisher Investments said. "Gold a couple of times, 1929. Nineteen-ninety with the Nikkei, 2000 with the Nasdaq. You can just go down the list: boom, boom, boom, boom, boom."

"This one in magnitude, whether it's a bubble or not, the price move around that dwarfs every bubble that's ever occurred," Fisher added in an interview on "Squawk Box." Birinyi Associates studied bitcoin versus 10 large financial bubbles. If the cryptocurrency is a bubble, it's already larger than the Nasdaq in the 1990s, the Dow in the 1920s and silver in the 1970s, the study showed.

Bitcoin futures, trading under the ticker symbol XBT, debuted Sunday night on the Cboe. The futures price climbed 10 percent in the first two hours and triggered at least two trading halts due to rapid price gains. The new futures were slightly higher on Wednesday. Critics, including JPMorgan Chase CEO Jamie Dimon, have doubted the legitimacy of bitcoin. Proponents argue bitcoin is a good medium of exchange and a way to store value like gold.

Bitcoin Has Gone Mainstream.
That's a Big Deal Bitcoin Has Gone Mainstream.
That's a Big Deal..!!

Last week, my eighth-grader came home saying

that all the boys at school were talking about bitcoin. Some might describe this vignette, and many others like it from the past few weeks, as a 2017 version of that ominous 1929 moment when shoeshine boys started giving stock tips. But whether or not they signal the bursting of a bubble, these stories also mean something far more important: bitcoin has gone mainstream. I'm not talking about the long-awaited mass adoption point in which a critical mass of users owns, earns and spends bitcoin. We're still a long way from that notion of "mainstream."

Rather, it's a moment of global awareness and dialogue. Even without user adoption, it opens up an immeasurably large array of possibilities, both positive and negative. As crypto-asset prices have gone haywire this past month, the whole world has started talking about bitcoin, cryptocurrencies and blockchain technology – around dinner tables, at holiday parties, in boardrooms, at trade conferences, in government meetings. At this stage, it's not a sophisticated conversation. Knowledge and understanding are still seriously lacking. But people are gripped with curiosity, and that's no small matter.

This human conversation can't be separated, either, from the widening engagement of institutions, big and small. Business news shows and websites are now running the BTC ticker on their home screens alongside the Dow Jones Industrials. Every day, mainstream newspapers and online publications run high-profile articles on bitcoin, ICOs and decentralized approaches to everything from ridesharing and supply chain management to social media and healthcare.

Established companies are forming research consortia with their suppliers, vendors, competitors and new crypto startups to define the future open-source protocols of their industries. The World Bank, the IMF and other multilateral institutions are setting up blockchain labs for development and humanitarian objectives. Central banks are exploring programmable, digital fiat currency prototypes that, despite being government-controlled and centralized, could disintermediate banks and stoke a global competition for new monetary models. Meanwhile, tens of thousands of entrepreneurs in dozens of different countries are launching moon-shot ideas to disrupt virtually every market on earth. There is no turning back. The age of cryptocurrency has arrived.

More than market mania

To battle-hardened cryptographers and Wall Street veterans alike, it all looks a bit disturbing. They cringe as newbies pile into digital assets while touts of varying integrity woo them with blockchain schemes based on untested, undeveloped or often non-existent technology. The cynics' concerns are justified. People will lose money. A lot. Fingers of blame will be pointed. Mostly at the wrong parties.

But there's much more to this than the hype-stoked crypto markets. The intense attention on this unprecedented economic phenomenon is prompting people to ask some key, probing questions. Where does this fervor for bitcoin come from? What's underlying it? Why does blockchain technology matter? Is it an opportunity for me, for my business, for society? Or is it a threat?

In the end, it matters not whether it's bitcoin, ethereum, or some other decentralizing technology that ends up framing our economic future. The most important thing is that people everywhere are starting to think about how a decentralized system of record-keeping and value exchange can flatten organizational hierarchies, reduce friction, expand access, open new markets and promote shared prosperity. It's early days, but this unplanned global conversation could give rise to a "Big Bang" of crowdsourced ideas and entrepreneurship, one that evolves into an unstoppable wave of world-changing innovation.

Welcoming the chaos

What's exciting about this – and, let's face it, also scary – is that it's near impossible to predict where it will all go. The important thing is to let the conversation and ideas happen while also encouraging as wide public input as possible into how this technology is governed, tested and allowed to evolve. We know this from the history of the internet. The value of TCP/IP and of the various other open-source protocols of the internet was that, together, they formed an extensible platform. Anything could be built upon it. We just didn’t know what.

Engineers at DARPA, MIT, Stanford and other places who worked on what was then known as Arpanet say that, when first contemplating its possibilities, they imagined sending DOS-based text messages to each other or sharing files without having to carry a floppy disk from one computer to another. But that was about it. They couldn't foresee everything else: blogs, Wikipedia, social media, online search, streaming audio and video, the cloud, e-marketplaces or ridesharing, much less how the internet would become the backbone of the entire global economy.  That unforeseeable future required a much richer, collective imagination, one with global input.

What those engineers also couldn't foresee was that a failure to establish a truly decentralized trust-management system would allow new, centralized institutions to monopolize control of the global digital economy – the Googles, Amazons, Alibabas and Tencents of this world. Now, at the dawn of the age of cryptocurrency, we have an obligation to get it right, to build a more open economy.

We must let the ideas flow, from every corner of the globe and from every community and interest group. And let those who generate them find the opportunity and the resources to turn them into something they can test, deploy and, hopefully, bring to market. We must promote a decentralized system of open-access that gives everyone a chance to succeed. If the past few weeks are any indication, we're in for a chaotic ride. But our world's problems are too big to entrust to anything less than chaos.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Bitcoin Price Will Hit $1 Million, Says Social Capital Founder/Your Brain into the Blockchain

Bitcoin Price Will Hit $1 Million,
Says Social Capital Founder

Chamath Palihapitiya, founder of Social Capital

and co-owner of the Golden State Warriors, voiced his opinion on the value and potential growth of Bitcoin in an interview on CNBC on Tuesday. The business leader, who first invested in Bitcoin in 2012, indicated that he sees the price of Bitcoin rising massively in the next 20 years as adoption continues to grow. His analysis echoes other commentators and investors who have seen the potential for Bitcoin’s price to reach levels close to $1 mln. Palihapitiya explains his prediction as based on the evaluation of Bitcoin as a store of value comparable to gold.

He said:

“This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly…I think this thing is a $100,000 a coin in the next 3-4 years, and in the next 20 years will be $1 mln.”

Bitcoin as a hedge against banks

The main argument, according to Palihapitiya, is that Bitcoin presents a hedge against potentially massive problems being caused by the current banking infrastructure. Should the banking structure 4l, Bitcoin is “fundamentally disconnected” from the current platform. His final advice? Put at least one percent of what you invest into Bitcoin — it “may actually save us all”

Put Your Brain into the Blockchain –
An Interview with Crystal Rose

At BlockShow Asia 2017 Cointelegraph

had the opportunity to sit down with Crystal Rose, the Co-Founder and CEO of Sensay. A coder since she was very young, Crystal has many insights into the world of Blockchain, artificial intelligence and a decentralized future.

How it all began

Cointelegraph: How did you start off your journey and how has it led you to sitting with us today?

Crystal Rose: I've been in technology my whole life, I started coding when I was eleven. I was taught through an AOL chatroom, anonymously, how to code html to start and I've learned more computer languages than human languages. My first company was a digital agency and from there I learned that social media was rocking the world and started a social media platform and I've since moved onto deeper technologies; machine learning and A.I. with a primary goal of connecting all of the world's humans together.

Building a community: learn the basics

Today more than ever, it's becoming easier to leverage technology and even build businesses on top of it without understanding the underlying protocols too deeply. We have so many companies building infrastructure that allow you to easily plug in. Certainly, the Internet is a great source for figuring things out and even trying it yourself. Coding is actually really easy so trying to use something open source from GitHub and do something for yourself for the first time gives you a lot of insight. One of my favorite things to do is have designers actually code their designs for the first time through front-end coding just to see how the process goes. I think in terms of Blockchain, it's important to really talk to the people behind it. A lot of them are very accessible. Look at the Telegram groups or any other group that's happening, the forums, and just really connect directly to the people. That's the best way to learn.

CT: What is the number one thing needed to really grow this community in terms of consumers?

CR: Adoption in this space, while we're moving really fast, is still very slow because it is very hard for consumers to use. We are somewhere around one percent of the total mobile population who are currently using digital currency, at least in known users. That is about fifty million, earlier this year it was about five mln. These are studies done by MIT and Cambridge and still it is extremely hard to quantify. I think the space is going to move incredibly fast as we've seen even this year alone. Yesterday Bitcoin hit over $10,000 and I think that is showing us that we certainly have traction and the system is going to keep moving forward. I'd like to see more people be able to adopt it faster so for the consumer applications that are out there; I think it's important that more developers get on board with building bots. We at Sensay have an API that we've opened up, we've opened our entire underlying technology. We are moving from a centralized company to a decentralized company giving away all of the technology we've built over the last three years because we want to encourage more people to build on top of it so if more companies can open source, if more developers can come on board and if more consumers can start using the applications, we're going to see the world radically transform in a very positive way.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614