Tag Archives: bitcoin

Public meetings suggested on future business development

Public meetings suggested on future business development

County Commissioners are asking the Industrial Development Board

to host public meetings to gather citizen input about the county’s industrial/business development future.Meeting Monday, the group postponed a vote on another motion setting a joint meeting on the same issue that would bring together Commission, IDB, the Jefferson County Chamber of Commerce, Economic Development Alliance, and others.The search for a way forward comes in the wake of a failed attempt by the IDB to interest Commission in purchasing industrial land in White Pine.

The motion for public meetings came from Commissioner David Seal, who has been calling for a “bottom-up” approach to industrial/business development. His motion, seconded by Commissioner John McGraw, asks the IDB to hold public meetings to gather input before proposing any other projects. Since projects have an impact on local quality of life and could be paid for by taxpayer funds, citizens “deserve to have direct input,” his resolution states.Commissioner David Gaut told the group that Chamber representatives have indicated they can also help facilitate “town hall” style meetings. Chairman Jimmy Carmichael said he will work with the IDB, Chamber, and EDA to help set them up.

Last month, the IDB’s proposal to spend $2 million for 216 acres in White Pine failed, with only a couple of Commissioners voting in favor. Residents in the area of the proposed commerce park opposed it, calling the proposal a gamble with taxpayer money that would be unlikely to pay off.The Board has been trying to find industrial land Commission will buy for over a decade. Back in 2011, they brought three parcels for consideration but were told to continue working. After that, an ambitious plan for an industrial “megasite the junction of Interstates 81 and 40 fell apart in the face of resident opposition.

The debate over the county’s industrial future continued during Monday’s regular Commission session. A vote on Commissioner Russell Turner’s plan for a joint work session was postponed until June on motions from Commissioners Terry Dockery and John Neal Scarlett. Turner said he believes such a meeting can provide a “frame of reference” along with public input sessions – but Dockery and others said they want public input first in the process.

Turner said he feels public input was included in the White Pine proposal from the beginning. The IDB and Town of White Pine hosted town hall meetings about it, and a White Pine survey in 2014 showed that 80 percent of citizens favor industrial development, he said, adding that the project received support from White Pine Council.

Commissioner Rita Musick said the survey involved city residents only – while the project was to occur partially on county land.Citizens continued to give their input on the industrial issue during the comment section of Monday’s meeting.David Nelson suggested that something is “out of sync” about the process when a project receives only a ten percent vote of Commission. He suggested a “walk before you run” approach using smaller tracts of land for business development.

Shonda Griffin, one of the White Pine residents who opposed the commerce park plan, said she is “thrilled” to hear officials welcoming citizen input and looking in other directions besides heavy industry. Ruth Gerard said she believes the town hall meetings should be held on all sides of the county. David Gerard told the group he believes greater scrutiny of its spending on the Economic Development Alliance is needed.

“Over $1 million has been spent over eight years, yet we have yet to see anything profitable come out of it,”
he said.

• Approved a rezoning request from John Hunt and Charlotte Lynn Morgan for property on Chestnut Hill Road. The zoning will change from A-1 (agricultural) to R-R (rural resort). The owners have plans for a marina and cabins on about 40 acres adjacent to Douglas Lake.

• Approved a resolution requesting the governor and state legislature to uphold an article of the state constitution which recognizes the only legal marital contract as between one man and one woman. The resolution passed 15-2, with Commissioners McGraw and Rob Blevins voting “no,” and Seal abstaining. The resolution was introduced by Commissioner Bob Beeler at the request of Greeneville attorney Jeff Cobble, who told the group last week that he believes the U.S. Supreme Court’s decision legalizing same-sex should be nullified.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

Let’s Want to Close the Knowledge Gap on Crypto Currency

Let's Want to Close the Knowledge Gap on Crypto Currency

Cryptocurrency trading has become a way of life

In Asia, Europe, and the Americas, Cryptocurrency trading has become a way of life, but that is not the case in Nigeria and other African countries. In this interview, the Chief Executive and Principal Consultant, Crypto Plus Certified, Mr. Peter Ayoade Moradeyo tells Ndubuisi Francis that his company is poised to close the knowledge gap with the ultimate goal of enlisting Nigeria on the global cryptocurrency exchange.

What is a good way to concisely explain Bitcoin, Blockchain, and Cryptocurrencies?

The success story of Cryptocurrency dates back to 2009, during the financial breakout, when Bitcoin was formed on blockchain technology. Bitcoin was first introduced in Asian countries and gradually to Europe, US etc. It is needful to clarify however, that the blockchain technology is not the same thing as Bitcoin; the relationship between them is only that Bitcoin is deployed on the blockchain technology. Interestingly, Bitcoin seems to be more popular today than the platform on which it stands. Now, there are two things which distinguish Cryptocurrency from the normal currencies.

The first is that it is finite. It has a fixed number that can be taken off and immediately that happens, its value shoots up and we all know that anything that can finish naturally increases in value as it is being taken up. So, as the world gradually adopts cryptocurrency, the available number reduces and value automatically drives upwards, causing it to grow dynamically in value. That explains why Bitcoin has been able to grow like that since 2009.

The second thing is that cryptocurrency has intrinsic value or what some call store of value. Let me explain it this way: each copy of a coin is an address, a location on the blockchain. When one address belongs to a person, that address cannot belong to another person in any part of the world. This is unlike the fiat counterpart where any money reading on a person’s bank account means that the bank owes the account holder to the tune of the said amount, but not necessarily that money is the account holder’s to cash at any time. This is why sometimes the banks would tell an account holder that they do not have enough cash to complete a transaction. The case of the blockchain is different because the value is intrinsic and better preserved.

What is the function of CryptoPlus Certified?

Since 2009, Bitcoin and several other alt coins have been coming up. Alt coins are referred to as alternative coins to Bitcoin which is the first and most popular of them all. At a point, we realized there was an opportunity where Bitcoin and other coins can relate in value; there is value relativity between them. So, we started by trading Cryptocurrency. I can recall that sometime in 2015, there was an upsurge of certain Ponzis in Nigeria. Nigerians sustained the following of Ponzis until it became almost endemic. Unfortunately, very few Nigerians knew about the very essence of the medium of transfer which Bitcoin was during the transaction of these Ponzis. Bitcoin was only used because it did not need a third party like banks to facilitate a transaction between the Ponzis and their victims. So, the Ponzis took advantage of their patronage, cashing in on the anonymity of transaction which was part of the features of cryptocurrency. What was supposed to have been an advantage became a disadvantage because of the ignorance of Nigerians.

Someone needed to educate Nigerians appropriately as to what cryptocurrency really meant and what disruption it was meant to address. So, we now came up because before now, we had a deep background on its trading. We decided to reappraise the image of Cryptocurrency as it were in Nigeria.

Also, at several conferences we have been all over the world, we realised that Africans are non-existent on several cryptocurrency trading platforms. Just like we have the Nigerian Stock Exchange with several companies trading on its platform, there are also several participating bodies that trade value among us. The sad thing here is that Africans are non-existent on any Cryptocurrency exchange whether in US, Asia or Europe. This is also true when one considers Cryptocurrency graph. The Asians are up there; Europe and America are there too, but Africa is non- existent. Our function at Crypto Plus Certified is basically to close the knowledge gap so that people can take advantage available and then Nigeria can be enlisted on what we call the global Cryptocurrency exchange.

We trace the current state of Cryptocurrency trading to a slowness of adoption. The federal government is yet to adopt a framework for the implementation of blockchain that can give rise to participation. Several countries have done that but for some reasons it has not happened in Nigeria.

You have a dream to raise and establish 1,000 Nigerians on the Poloniex Exchange. What is the implementation plan put in place to achieve this and why the choice of Lagos, Abuja and Port Harcourt?

We need to make it clear that Nigeria is a country with many opportunities. We also need to state that Bitcoin came into Nigeria with a wrongly perceived image, and on the wrong platform. So, our first goal is to take the responsibility to repair that image, and then reappraise the benefits and enlist Nigeria as a participator in the normal trading of Cryptocurrency.
In order to achieve that, we launched what we called, ‘Dream 1000’. It is all about trading on Poloniex which is the largest Crypto exchange in America and we are currently working with them on releasing a mobile platform strictly for Nigerians and it will work as an arbitrage with our own exchange which will come from Germany. We want to work as an arbitrage so that they will trade on our own platform via the mobile interface. Nigerians can be taught on how to trade this currency easily, and our strategy is very unique because the mobile application is actually enhanced to be able to reduce all the variables of a trading system. Since we launched the ‘Dream 1000’ recently in Lagos, we have had some of our students who were able to distinguish themselves with the level of knowledge we passed to them and they are going to show Nigerians that we are serious about what we are here to do.

How has the response been like?

I grew up in Nigeria before I decided to relate with other countries for business reasons. One thing I know about Nigerians is that they respond to results. So, the first thing we want to identify is, we want to be able to have people who have had results and that is why all the events we have done, we have been showcasing people that distinguished themselves, those that we gave the knowledge and they applied it and got results. We want to be inspired by results and not just belief.

Can Bitcoin be regulated? What about Bitcoin and taxes?

Those conversant with information coming out of crypto plus certified would have noticed that Nigeria is currently on a discourse on how to regulate Cryptocurrency trading based on several frameworks. I have several write-ups regarding this. Cryptocurrency trading as it were is decentralized and this is why the banking system cannot operate it. It is decentralized because of its nature. For instance, Bitcoin as it were, does not have a management interface and that is why the regulation has not been somewhat forthcoming. But it is found to be very secured and has an ability to store values. That has been the reason for all the inquiries on how do we have a framework for a kind of currency that has thus kind of features? Sometimes, it takes time, but individuals are working and several people have stored values on it and exchanged it with another. The US is an example where Poloniex is operating. So looking at it more objectively, the regulatory framework and the operational climate go hand in hand but they can be mutually exclusive.

 Bringing it to a layman’s understanding, what are the advantages of Bitcoin and how does Bitcoin work?

In a layman’s way, I would like to use the similitude of changing one currency to another, for instance. If you have some Naira notes and you want to change to Dollar, knowing the exchange rate that relates one to the other will be very helpful. Now to a layman if I bring my Naira and want to buy a Dollar, I will change the Naira to a Dollar based on the foreign exchange rate agreed between the person selling the Dollar and myself. Now imagine where you have the Bureau de Change in the middle and you have the buyer, that is, the demand, on one side and the supplier on the other side; that is the way it works. The person at the middle collects commissions from two persons. The buyer sells at a price based on demand and supply. So, if the demand is higher than supply, the price is likely to go up. If I’m able to read that the demand and price for a thing I bought and own have gone up and I sell it, now the difference between what I bought and what I am selling now that the price has gone up is my own profit. That is the basic analysis of how it works.

Demand for Cryptocurrency…what are your training modules like? The fee, process, and duration?

Training is 30 days and we have a huge demand for it and because of this, we have set up world class training hubs in the three geopolitical zones Lagos, Abuja and Port Harcourt. So, demand is already there. We have a structure that accommodates different levels of trading – the strategic portfolio building and robotics. Our modules cover; Introduction to Cryptocurrency Trading – CPC 101, Cryptocurrency Masterclass – Advanced Trading CPC 102, Trading Engaging Robotics – CPC 103. People are already aware of what Cryptocurrency is; it will be wrong for us to say that people are not aware of it. The only thing is that there is a knowledge gap on how to use it and take advantage of the value in it, and that is what we are trying to close up.

Is there any risk attached to Cryptocurrency… Is Bitcoin legal? And how secure is Bitcoin?

The idea of trading Cryptocurrency and the national legal framework is mutually exclusive. Trading on Cryptocurrency can be done when someone knows how to handle it. The reason for the legal framework is to protect the participators because when there is no third party that puts power in the hands of those that know the ‘Whats’ and ‘Hows’. Bitcoin is safe and this knowledge is out there. You are your own bank. Records are protected by mathematical laws and are irreversible. The Blockchain technology protects its addresses and have histories on an open ledger, and is always available and transparent for anyone to confirm.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

ETHBITS Gets Green Light for New Copy Trading Cryptocurrency Exchange

ETHBITS Gets Green Light for New Copy Trading Cryptocurrency Exchange

   ETHBITS Gets Green Light for New Copy Trading Cryptocurrency Exchange

ETHBITS Gets Green Light for New Copy Trading Cryptocurrency Exchange

Cryptocurrency exchange provider Ethbits has reached its minimum funding goal signaling that development on a new iTrade platform will now begin. The UK-based company has already built a peer to peer  Cryptocurrency exchange, called Ethbits Local, to facilitate secure trades between people from bank accounts to cryptocurrency. Ethbits Local will offer the ability to trade face-to-face across a range of cryptocurrencies, a unique feature that is in high demand.

Given the current success of the crowd sale, Ethbits Local will now start development of Ethbits iTrade, an exciting new cryptocurrency exchange which will not only act as a standard exchange but also has a copy trade feature, where new traders can copy professionals and experienced traders can gain followers to maximize their profits. Ethbits Local will launch in May, immediately after the crowd sale ends followed closely by iTrade.

"Reaching our Minimum goal within the 1st week is super exciting, as a result the copy trading exchange is now in development. We are at the start of something ground breaking in the crypto world and the more support we can get, the faster we can grow and the more rewards we can generate for the token holders. We will now implement provably fair profit sharing to ensure the continued confidence in our company." Monty Singh, CEO, Ethbits LIMITED

Support for the platform has been strong with 300 contributors acquiring Ethbits (ETB) tokens. ETB gives the holder access to up to 40% of gross profit from trading fees, depending on how much is raised by the end of the crowdsale. ETB tokens can also be used to pay for transaction fees on the exchange ensuring the volume of the token remains a high as possible, driving both of the platforms. iTrade will launch with the top 15 cryptocurrencies on offer with plans to diversify further as the exchange grows.

Ethbits has just announced that it will partner with BCB ATM – an expanding Bitcoin ATM service based in the UK. Ethbits iTrade platform will be linked to BCB ATM's to help people find crypto traders in their local area. The crowdfund will run until 13th May at 5pm UTC. To get involved visit a website. Participants will receive 100 ETB for 1 ETH until Saturday 22nd April when the price will increase.

Chuck Reynolds
Contributor

 

 

Alan Zibluk – Markethive Founding Member

Cryptocurrency explainer: Everything you need to know

Cryptocurrency explainer:
Everything you need to know

  

Everything you need to know CryptoCurrency Bitcoin Stack

If you’ve ever had a company or friend offer to pay you with Bitcoins or another type of digital money, you’ve encountered cryptocurrency, also called crypto-money or cryptoassets. Cryptocurrency is a digital currency that is created through the use of encryption software. This approach is a solution to security and control issues that prevented a purely digital currency from being successfully developed in the past. If you hear someone talking about one of these currencies, it’s almost certainly in a cryptocurrency format. This type of digitally created and secured money is currently in a period of very cool experimentation, so let’s take a look at how it work, why it’s popular, and where cryptocurrency is heading in the future.

How does cryptocurrency work?

DopaMINE Cryptocurrency Mining Case

How does a currency exist in a totally digital format? What is it based on? While the process varies a little between different cryptocurrencies, they all follow the same general system. First, cryptocurrency chooses a base unit and how much that particular unit is worth when compared to other currencies (often, the U.S. dollar is used as a baseline). Some cryptocurrencies are more imaginative than others at this point. They try to represent debt registries, contracts, or the act of currency exchange itself. It can get a little weird, but ultimately the unit in some way relates to the value of other currency, as is true of all currencies in the world.

Units of cryptocurrency are then created, typically when a transaction occurs. The units are carefully formed and preserved through algorithmic encryption, then linked together in vast chains of data, where the currency can be tracked and exchanged. However, at this point, cryptocurrency is still too vulnerable and too easy to fake. The currency units need to be time stamped processed to make them more concrete and harder to copy. A third party developer can do this, but most cryptocurrencies prefer to crowdsource the process to those with the right hardware and software to “mine” the currency.

Mining uses algorithms to go through each transaction, encrypt the cryptocurrency, and add it to a digital ledger, essentially verifying it and cementing its position online. This process may also be referred to as “consensus protocols” or “consensus platforms,” depending on the currency. This process is meant to make the currency impossible to duplicate, though whether it’s successful is up for some debate. Some cryptocurrencies are highly centralized, with someone — usually the organization that created the process/software — making decisions about how much currency is created and how it is used. Other types are very decentralized, controlled only by how and where people are willing to use them.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

Weekly Round-Up and Cryptocurrency Markets Update

Weekly Round-Up and
Cryptocurrency Markets Update

   

Last week saw Bitfury striking xxxxxx

a deal with the Ukranian government to put the latter’s data on a Blockchain platform. The deal will ensure blockchain recordings for areas like public health and services, state registers, energy and social security. In a twist, High Tech Private Equity Fund SICAV plc is reported to have acquired nChain, a Blockchain company associated with Wright Craig, the man who once claimed to be Satoshi Nakamoto. The company plans to make available their intellectual property assets to the blockchain community via royalty-free licensing and open sourcing.

An initial Coin Offer intended for mining activities to support the signaling of Bitcoin Unlimited has been halted as a result of not reaching its goal. The ICO was allegedly linked to Chinese Angel Investor in Bitcoin and Ethereum Classic, Chandler Guo. On the Bitcoin Network scaling front, the world’s largest Bitcoin mining pool, F2Pool has declared its support for Segwit. Wang Chun, Owner of F2Pool revealed on Friday that 56 percent of his network members are in support of Segwit.

Eventually, the advent toward mainstream adoption of blockchain gets after Mark Carney, Bank of England’s Governor, claimed blockchain technology can save banks tens of billions of dollars a year. The governor was speaking International Fintech Conference last week in London, where he further revealed that the next generation of Britain’s interbank wire system will be blockchain-compatible.

Market Updates (as of Monday)

Bitcoin’s current price recovery

is outstanding despite the fact that the scaling debate is still raging on. Some experts believe it is being driven by mainstream adoption in Japan. As at 22:00 GMT, Bitcoin has appreciated by 0.22 percentage point and its market value was $1180.73 maintaining the number one position on CoinMarketCap. Ethereum is still holding on to the 2nd spot and has kept the velocity from the current altcoin rally although it lost 0.82 percent today. Its market price was $48.49.

After a stratospheric rise that resulted in Ripple ousting Dash from number three, it has slow down to some degree. The cross-border transfer crypto with KYC was selling at $0.033308 with a 1.33 percent downward adjustment. The battle for number four is so titanic. For three days now, Litecoin and Dash has been dislodging each other to take over momentarily. However, at the time of filing this report, Dash was reigning with a 0.21 percent depreciation, posting an exchange rate of $75.23. Litecoin also took a fall of 1.02% and was being sold for $10.71. It must be stated that the decision to implement Segwit has boosted its price and market cap.

Even though Monero was recently indicted in a finding that found out that some of its transactions are traceable, it doesn’t seem to be affected much and is still at the 6th position. It scored a negative 1.76 percentage point and the exchanges listed it for $20.38. Moreso Ethereum didn’t have a good time either. At number seven, it could be bought for $2.65 and dip 0.42 percent. With a market price of $0.024212 and 0.48 percent upward gain, NEM kept its 8th position intact. The consistency for the Smart Contract platform is impressive.

Angur with the selling rate of $11.52 and a 2.55 percent upward adjustment maintained number 9 as well as the biggest gain on top 10. In a surprising move, PIVX has pushed Maidsafecoin to the 11th position and it is now counted among the top 10 Cryptos on CoinMarketCap. This anon digital currency in a few months has established itself among the elites. It bagged a 0.93 percent growth and its price was $2.01.

Gainers And Losers

On the top 20,

Factom rose by a significant 14.37 percent. It is one of the Cryptos below top 10 that must be watched keenly. Sadly Bitconnect which was at top 10 briefly on Wednesday fell negative 26.63 percent to be the biggest loser.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

ICO Report: iEx.ec

ICO Report: iEx.ec

  

The iEx.ec project

is all about connecting Blockchain technology and cloud computing business. It aims to create a decentralized cloud and set up a marketplace for computing resources. Its founders conducted numerous scientific research over the years at prominent research institutions, such as the French INRIA and CNRS. The team has a step-by-step plan for the four years ahead. iEx.ec will rely on a set of its own technological solutions. However, the team has not done a lot of dissemination work till recently. Its track record on Github is quite modest. So the question remains open, whether the iEx.ec technological base is as good as they claim it to be.

Konstantin Lomashuk, CEO of Satoshi.Fund:

“The market of cloud computing is huge and we will see more and more new companies aiming at it. It’s really good for the decentralized ecosystem.”

iEx.ec

iEx.ec stands for “I Execute”. Headquartered in Lyon, France, the project was created in October 2016. It is a spin-off company from INRIA, the French National Institute for Research in Computer Science. iEx.ec aims at starting off as a fully distributed Blockchain-based cloud platform. It is designed for distributed Blockchain-based applications (DApps) with plans to evolving into a market network for decentralized computing products and services. In total, their five editions of the project planned within four years from the launch date. The last outlined edition will represent a fully distributed platform for Blockchain computing.

Potential market

The iEx.ec market network will be designed for various participants of the distributed computing ecosystem. It will enable them to do business with each other to better monetize their products and services. Each new version of the network will be updated to host new types of participants:

  • DApps providers (version 1)
  • application and server providers (version 2)
  • data providers (version 3)
  • mining farms, miners, GPU apps providers (version 4)
  • emerging classes of applications (version 5)
  • at this stage, iEx.ec also plans to partner with telecom companies, attracting the latter, among other, with the possibility to halve their infrastructure costs, distributing small data centers along their network point-of-presence

The market network is to provide its users with

  • full traceability and trust
  • a wide range of customers and, consequently, new markets
  • an innovative Blockchain-based environment, tailored for its users’ features and needs

Competitors

The project’s closest challenger is the Golem Network. It is a decentralized economy of computing power, where one can rent it out or develop and sell software. As pointed out in iEx.ec whitepaper, the key difference between the two is that Golem, with its supercomputer, focuses mainly on High-Performance Computing (HPC) users, while iEx.ec, with its decentralized cloud, will first attract DApps and expect Cloud and HPC users to join later when the Network will evolve becoming more competitive. The economy of DApps is on the rise now, and iEx.ec seems to fit perfectly in it.

Main features

  • Desktop Grid Software XtremWeb-HEP, to enable use of any computing resources to execute compute- or data-intensive applications
  • Blockchain, to coordinate the access of computing resources to distributed apps
  • Claim of Proof-of-Contribution consensus protocol, to certify off chain contributions directly on the Blockchain
  • Matchmaking smart contracts, to pair a resource request with a resource offer according to their description
  • Simplified version of a multicriteria scheduler [MulticritSched], to enable customers to define their own preferences based on specific criteria
  • Market management framework, including API to register bids, a set of template contracts, a web user interface and JavaScript code
  • Result checking algorithm, including escrow mechanisms and a reputation system, to choose business partners from the market based on their provable reputation and on the established budget
  • Native RLC token, to pay for Application, Server and Data providers on the market network

Team

The core team members, including Gilles Fedak, Haiwu He, Oleg Lodygensky, and Mircea Moca, have an impressive research and development background in big data, grid and cloud computing. Gilles Fedak alone co-authored over 80 peer-reviewed scientific papers. The core features underlying the iEx.ec are their own developments. They were produced in the scope of their work at INRIA and CNRS. The team is also linked with the Chinese Academy of Sciences.

The Blockchain part is done by two experts from La Javaness, a French digital innovation accelerator. There are also a data management expert, the Energy Positive Server developer, two PR specialists and a new media expert based in the company’s China office. In the future, the team considers collaborating with several well-known European and Chinese universities in research. It also intends to obtain complementary funding through national and European research agencies.

ICO Details

  • Launch: 19 April, 2017 at 13:00 UTC
  • End: as soon as the max cap of 60.000.000 RLC is reached (otherwise – in 30 days)
  • Max RLC total supply: 87,000,000 RLC
  • Max RLC sold by crowdsale: 60,000,000 RLC
  • RLC minimum objective: 10,000,000 RLC
  • Both BTC and ETH are accepted
  • 1 BTC = 5000 RLC
  • USD/ETH – to be defined at the start of ICO, according to the ETHBTC rate
  • 20% bonus – April 19 to April 29
  • 10% bonus – April 29 to May 9
  • Crowdsale terms and funding URL: http://crowdsale.iex.ec

Token distribution

  • Maximum of 60,000,000 RLC – crowdsale
  • 12,000,000 RLC to 15,000,000 RLC – founders, team and early investors
  • 1,700,000 RLC to 6,000,000 RLC – a fund for developers, to be distributed in the form of bounty grants, marketing actions, and research grants
  • 1,700,000 RLC to 6,000,000 RLC – special contingency reserve (not sold on markets)

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

Meet Bitcoin Plus – The Next Great Cryptocurrency

Meet Bitcoin Plus –
The Next Great Cryptocurrency

Alan Zibluk – Markethive Founding Member

Trade Coin Club Reviews – Is It A Scam Or A Legitimate Opportunity?

Trade Coin Club Reviews – Is It A Scam Or A Legitimate Opportunity?

 

Trade Coin Club

I found out about this company called Trade Coin Club as I was surfing the web. This company is a fresh new company and as always, I have decided to have a detailed look at their business.

I am sure if you are like me, many of you would also like to know more about this new venture. Even more so, those of you, who are looking to invest in this web MLM business.

To help you guys, I have spent some time researching and prepared this Trade Coin Club Review. I have divided this into company profile, products, compensation plan and finally my thoughts.

Let’s check what I dug up about them!

What Is Trade Coin Club? 

Trade Coin Club may very well be the newest of the online bitCoin based MLM business. As for the domain registration, this company just started its operation in November 2016. I am not scared of being involved in a company in its infancy because if it is a good company I can get a head start. 

Like most of the online businesses similar to this one, this company does not have any information about the company owners, stakeholders or management teams., however, they are licensed as a legitimate trading platform. Another point to note they offer all trades to be logged and viewed in the back office. 

They have registered their domain name for 10 years. 

Products Trade Coin Club Offers

Trade Coin Club does not have any physical or digital products to sell or rent.

After becoming an affiliate member, members can sell or promote memberships of Trade Coin Club. Each member is set up with a trading platform that allows them to have their cryptocurrency ie "Bitcoin" traded against the top ten cryptocurrencies. I like this because of the aligator tooth (the up and down price of Bitcoin) this allows members to not really be concerned about the lack of knowledge of trading because it trades on auto-pilot and they choose the level of risk. High, medium, low. More on this later in the study.

The Trade Coin Club Compensation Plan

You can join Trade Coin Club by signing on for one of 3 available investment plans.

  • Apprentice – Invest 0.25 to 0.99 BTC and receive a 0.35% daily ROI for 8 months
  • Trader – Invest 1 to 4.99 BTC and receive a 0.4% daily ROI for 12 months
  • Senior Trader – Invest 5 BTC or more and receive a 0.45% daily ROI for 12 months

However, you have to pay a 25% fee on your earned ROI every four months. So basically, you are actually earning 75% of their promised ROI.

Affiliate members can also earn referral commission on unilevel structure up to level eight. Your unilevel positions can be filled by both your directly sponsored members and their own sponsored members.

  • Apprentice – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on level 4
  • Trader – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 6
  • Senior Trader – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 8

When you advance in affiliate ranks you receive rank advancement bonus.

  • Trader Level 3 – Earn 10 BTC or more in monthly binary commissions and receive a Montblanc pen
  • Trader Level 4 – Earn 50 BTC or more in monthly binary commissions and receive a cruise
  • Trader Level 5 – Earn 100 BTC or more in monthly binary commissions and receive an “international Caribbean travel” cruise
  • Trader Level 6 – Earn 200 BTC or more in monthly binary commissions and receive a Rolex watch
  • Trader Level 7 – Earn 500 BTC or more in monthly binary commissions and receive a Toyota Corolla car
  • Trader Level 8 – Earn 750 BTC or more in monthly binary commissions and receive a BMW 320 car
  • Trader Level 9 – Earn 1500 BTC or more in monthly binary commissions and receive a BMW Z4 car
  • Trader Level 10 – Earn 5000 BTC or more in monthly binary commissions and receive a BMW 18 car
  • Trader Level 11 – Earn 10,000 BTC or more in monthly binary commissions and receive a Lamborghini Huracan car

They also provide residual commissions on binary compensation structure.

Your downline investment volume will be counted every day on both sides of the binary team and you will be paid commissions on the weaker side of your leg. The amount will be dependent on your rank.

  • Apprentice – 8% (capped at 2 BTC a day)
  • Trader – 9% (capped at 10 BTC a day)
  • Senior Trader – 10% (capped at 15 BTC a day)

Additionally, members can earn recruitment commissions through a 3×12 matrix. When an affiliate fills a matrix position they are paid 0.003 BTC a month, as long as each member continues to pay their monthly fee.

So I have researched results from other existing members. A member that I had talked with has earned a documented 174 Bitcoin since December 24, 2016. They were nice enough to show me in their back office and that they have received full withdrawal after the trade period was over. So I do know at this point this is a real trading platform.

To see the company presentation and to make your own decision Click Here

Chris Corey CMO MarketHive Inc

 

Alan Zibluk – Markethive Founding Member

Cryptocurrencies Surge in Value – Threefold Increase since last year

Cryptocurrencies Surge in Value - Threefold Increase since last year

Cryptocurrencies Surge in Value – Threefold Increase since last year

The combined market value of bitcoin and other crypto-currencies is now $27bn, representing a threefold increase since the start of 2016, with bitcoin miners having earned more than $2bn since trading in the electronic currency began in 2009.

These are some of the findings of a new report the Global cryptocurrency benchmarking study by Dr Garrick Hileman and Michel Rauchs of the University of Cambridge.

The authors note that ten years after the publication of a white paper by Satoshi Nakamoto which led to the creation of bitcoin, the crypto-currency markets now have approximately the same valuation as AirBnB, with the value of individual coins, the total number of users and the number of crypto-currencies in use all rising fast.

The prices of bitcoin and "altcoins" such as dash, monero and ether have all rocketed in price in the last 18 months, more than doubling in the case of bitcoin and with monero worth 16 times more than at the start of 2016.

At the same time, the number of daily bitcoin transactions has risen from 201,595 in Q1 2016 to 286,419 a year later, with the ether being traded more than twice as much reaching 47,792 daily transactions in January-February 2017.

With the future direction of bitcoin uncertain due to arguments about the best way to increase its scalability without centralising power in the hands of a few giant "miners" (generally companies operating a large number of powerful servers that verify transactions on the bitcoin blockchain), alternative currencies such as the ether have risen in importance as a hedge for investors.

The alternative approaches threaten to split bitcoin in two, forking the blockchain. This could create difficulties as there would be two different versions of bitcoin in circulation, and other coins and services built on the bitcoin blockchain and currency exchanges would have to decide which way to go. However, despite the feuding, the price of bitcoin against the US dollar is close to an all-time high.

The transaction fees that miners can earn have risen sharply as the number of transactions, and hence the size of the blockchain, has grown, with users opting to pay more for a quicker transaction time. This has left the big miners with a lot of power and a vested interest in the way bitcoin evolves.

The report estimates the current number of unique actve users of crypto-currency wallets be between 2.9 million and 5.8 million, with between 5.8 million and 11.5 million wallets in active use. The industry is thought to employ around 2,000 people worldwide.

David Ogden
Entrepreneur

 

John Leonard

Author

Alan Zibluk – Markethive Founding Member

Bitcoin vs Onecoin

A lot of people seem to think Onecoin is a far better investment compared to bitcoin. While nothing could be further from the truth, it is not hard to see why people would invest in Onecoin rather than bitcoin. To the average consumer, bitcoin makes little sense. However, it is evident bitcoin will always be the superior currency.

2. ONECOIN

Over the past few years, Onecoin has made quite a name for itself. The people responsible for this project advertise Onecoin as a digital currency that will not only make investors rich over time but also provides a gateway to product and services as part of the Onelife ecosystem. However, there are quite a few caveats regarding Onecoin that most less tech-savvy people tend to overlook. After all, the concept looks appealing, but can its creators back up any of their initial claims?

That is where the Onecoin project falls apart almost immediately. While it is true investors will see their account balance update over time, that does not necessarily mean they own said funds. In fact, until they request  a payout from Onecoin, they will never control their profits or original investment ever again. Moreover, the account balances one sees update every so often is nothing more than a number in the Onecoin site database being changed, even though it has no value whatsoever.

Moreover, the Onecoin team claims they have made a digital currency, which is issued over a blockchain. So far, there has been no proof of a Onecoin blockchain, simply because it doesn’t exist. Nor will it ever come to fruition either, as the project team has no idea on how they would create such a technological marvel in the first place. It is evident Onecoin is not even a currency with proper use cases, other than the ones provided by the Onelife network. No one has ever been able to buy food or pay a bill with Onecoin directly, that much is certain.

1. BITCOIN

Which brings us to bitcoin, the so-called “inferior currency to Onecoin”, according to some of the platform’s investors. In fact, one can argue bitcoin is everything Onecoin is not and vice versa. Unlike the scammy counterpart above, bitcoin is an actual currency that can be used around the world without requiring approval from a centralized company that has no honest intentions whatsoever. It is rather interesting the OneLife network does not accept bitcoin payments, nor does any other merchant around the world accept Onecoin payments.

Moreover, bitcoin is a digital currency, as it does not merely exist in one website’s database. The entire world can see bitcoin transactions take place in real-time without having to install special software to do so. Onecoin transactions, on the other hand, have never been publicly documented. This begs the question whether or not there is any value to the Onecoin “currency” in the first place, considering it has no use cases.

Speaking of use cases, thousands of merchants and retailers around the world are accepted bitcoin payments as of right now. Both online and offline purchases can be completed with bitcoin. Additionally, there are also bitcoin debit cards, whereas Onecoin has no debit card whatsoever. That is quite surprising, considering the value of Onecoin seems to increase every so often. Striking a deal with a credit card issuer would not be all that hard in this regard. Then again, bitcoin has a value, and Onecoin does not, which explains why no card issuer wants to deal with Onecoin right now.

Chris Corey MarketHive Chief Marketing Officer

 

author: Jdebunt

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

 

 

Alan Zibluk – Markethive Founding Member