{
  "trx_id": "1161a304e35a45c2495c11891b272a8a23973e4e",
  "block": 106141754,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-17T22:50:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "7119.254135 VESTS"
    }
  ]
}

{
  "trx_id": "c15006e79fffeb25bf9832f7a614293845d0134a",
  "block": 105968952,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-11T22:11:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "4407.043730 VESTS"
    }
  ]
}

{
  "trx_id": "85785dc5cf1089a9800a0eee86eb4f2b47ccdf4f",
  "block": 105509445,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-25T22:13:15",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "7131.769891 VESTS"
    }
  ]
}

{
  "trx_id": "d82533b3d429875db756ae0a0eddbd04b802ee4f",
  "block": 102847335,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T04:03:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "4448.590549 VESTS"
    }
  ]
}

{
  "trx_id": "8318a941dd1c50b74b2e76b9a2d43f19fe47faa8",
  "block": 91293735,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-16T23:22:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "4612.809746 VESTS"
    }
  ]
}

{
  "trx_id": "ced15c7c3053294881a3949fd7d83166bd8cd9f8",
  "block": 79847987,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-13T15:07:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "4781.943278 VESTS"
    }
  ]
}

{
  "trx_id": "f996a1520fffa1bd2248e3fe23de7c88248f91e8",
  "block": 78345861,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-21T20:10:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "7719.222064 VESTS"
    }
  ]
}

{
  "trx_id": "05db91773ac892246343f47c1f0903eeca065380",
  "block": 69111428,
  "trx_in_block": 13,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T10:10:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "7940.903502 VESTS"
    }
  ]
}

{
  "trx_id": "58937a835e850245e524308d1c2826886f02cc23",
  "block": 60807742,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T09:33:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "8161.436733 VESTS"
    }
  ]
}

{
  "trx_id": "fb7dca205644acb9d45fbc78de0e02289734468b",
  "block": 54606195,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-13T23:31:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "8345.205391 VESTS"
    }
  ]
}

{
  "trx_id": "ff2f57e67db972604f04a8929317ad8c1d85ece3",
  "block": 49353707,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T09:52:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "8532.627365 VESTS"
    }
  ]
}

{
  "trx_id": "96b1e7c4a47b4fac04004d8cc8a574da1cc1a6f0",
  "block": 49205272,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T03:29:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}

{
  "trx_id": "d067e0075ec8d77c16bdef048cd3d9fce7c05625",
  "block": 49186378,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T11:26:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "8538.994004 VESTS"
    }
  ]
}

{
  "trx_id": "6d5a0512b0d166b846d33bb34fea13cd4adba86b",
  "block": 48254539,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-02T12:51:57",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}

{
  "trx_id": "4799c13971421667a23e8e4c86bf457a6923b3f4",
  "block": 43215501,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T04:25:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "8741.640578 VESTS"
    }
  ]
}

{
  "trx_id": "4db89dde8a36d09fa9692fa3d93d014cb44f648d",
  "block": 43191375,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T07:50:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}

{
  "trx_id": "7fd0f3aea6e8c42b54e91cf3f8857e69a63a126c",
  "block": 39638422,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-01-04T16:33:57",
  "op": [
    "comment",
    {
      "parent_author": "coinyspace",
      "parent_permlink": "cryptocurrencies-are-not-a-bubble-they-are-here-to-stay",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-coinyspace-20200104t163356000z",
      "title": "",
      "body": "Congratulations @coinyspace! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@coinyspace/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@coinyspace) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=coinyspace)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "5d5a0472d99554ebaed853e987501ad0e95165f9",
  "block": 34618912,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-13T06:32:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "8914.376504 VESTS"
    }
  ]
}

{
  "trx_id": "62bd6965c2d493d13ed6b9620bfbdf99da7776c7",
  "block": 29166183,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-01-04T17:17:12",
  "op": [
    "comment",
    {
      "parent_author": "coinyspace",
      "parent_permlink": "cryptocurrencies-are-not-a-bubble-they-are-here-to-stay",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-coinyspace-20190104t171711000z",
      "title": "",
      "body": "Congratulations @coinyspace! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@coinyspace/birthday1.png</td><td>1 Year on Steemit</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@coinyspace)_</sub>\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "e953620180bfd0628a68c33739571b0649f089cd",
  "block": 24463094,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-07-24T18:13:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "9113.168556 VESTS"
    }
  ]
}

{
  "trx_id": "a8931549fd86dff32abf92a9a33621203bf21dc1",
  "block": 22545926,
  "trx_in_block": 35,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-05-18T19:01:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "29495.114254 VESTS"
    }
  ]
}

{
  "trx_id": "930aa8b125a207633ef014e439dce971d6d209ef",
  "block": 21852113,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-24T16:40:09",
  "op": [
    "vote",
    {
      "voter": "coinyspace",
      "author": "iceehot",
      "permlink": "tech-tuesday-week-2-this-week-we-re-covering-segwit",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "cacd6bf9d6834e83b2ea10dc7e784f15804b4723",
  "block": 18952816,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-13T21:47:03",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"vivekkanade\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "fffaa72b18ce893ed1cc494ac9c3d0a1e357fbd6",
  "block": 18952814,
  "trx_in_block": 44,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-13T21:46:57",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"autoresteem\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "18b6e90eaf3d59941626a9ba82c5cb349a8400e2",
  "block": 18946317,
  "trx_in_block": 44,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-13T16:22:00",
  "op": [
    "vote",
    {
      "voter": "moneytree",
      "author": "coinyspace",
      "permlink": "cryptocurrencies-are-not-a-bubble-they-are-here-to-stay",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "ffa7f7c22d47bae8e7a45a5dd2f25ec5d21b7cc4",
  "block": 18914141,
  "trx_in_block": 63,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-12T13:29:39",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "cryptocurrencies",
      "author": "coinyspace",
      "permlink": "cryptocurrencies-are-not-a-bubble-they-are-here-to-stay",
      "title": "Cryptocurrencies are not a bubble, they are here to stay",
      "body": "Everyone who has been advocating cryptocurrencies heard millions of times that the whole theme is nonsense, scam, bubble, hype, you name it. Many people are simply bewildered that some “numbers on computers” can become more and more valuable. As a result, there is a popular notion that cryptocurrencies don’t have intrinsic value, they are not “backed” by anything, and therefore their valuation is nothing but a bubble that will eventually burst.\n\nHowever there is a fundamental flaw in this view. It is based on an assumption that in order to be sound, cryptocurrencies need to be backed by a tangible asset. This is not correct. Traditional currencies like the US dollar or GB pound are not backed by assets, they are backed by governments, i.e. by a social structure. Modern money is an institution, it is a set of rules established and maintained by society (like the army, the police or taxation), and this is how cryptocurrencies should be considered too.\n\nFiat money is a state institution, it derives its value from a government that enforces a currency as a legal tender. Cryptocurrencies are civil institutions, they derive their value from a mutually agreed consensus of voluntarily cooperating individuals. Fiat is backed by governments, cryptos are backed by independent communities. This is the fundamental difference. Fiat is the police, crypto is neighborhood watch. Fiat is tax — crypto is donation. Fiat is the army — crypto is militia.\n\nTherefore when someone says that crypto has no intrinsic value, they do not really mean that bitcoin is not backed by a commodity like gold, unlike US dollar, because the latter is not backed by a commodity either. What they imply, either willingly or unwillingly, is that the power of communities does not hold the legitimacy to enforce its own currency (hence it is scam), or that the bonds uniting these communities are too weak for a sustainable future (hence it is a bubble).\n\nWhat the critics are missing is that civil institutions do not pop out of nowhere without solid reasons. For instance, people unite looking for justice when the police are corrupt and ineffective. Militia are formed when a regular army is not capable of performing its duties, and so on.\n\nThe rise of bitcoin would not have been possible without the financial crisis of 2008, which highlighted how poorly the global financial system is designed. The continuing success of cryptocurrencies is fuelled by the inability of the establishment to reform the conventional monetary system to meet the demands of the 21st century.\n\nSo, the next time you hear that bitcoin is a bubble, and that the entire crypto world is a scam, ask one question: What is the alternative? The debt-based, usurious, speculative, rent-seeking, ineffective, outdated financial system, incapable of delivering peace and prosperity, despite the enormous technological progress humanity has achieved? In fact, the system is so corrupt that it even sees progress as a risk, not an opportunity. For instance, automation is seen as a threat, as a source of unemployment and poverty, not as an opportunity, as a tool to make a huge societal advance from low-wage drudgery to fulfilling, well-rewarded creativity.\n\nCommunities behind cryptocurrencies fill the vacuum. They do what the mainstream financial system is incapable of delivering — they create a new financial paradigm, which addresses the real issues we all face today.\n\nUsing our analogy, the crypto community is the “financial militia” fighting the challenges of the 21st century, whilst the “regular financial army” is passive and ineffective. You can ridicule the “militiamen” for their appearance, inexperience and sometimes naivety, but you cannot deny that it is they who fight the war, and that the “generals” — bankers and public officials — don’t even try to seize the initiative. They do nothing. This is where we are. The conventional financial system has been in crisis since 2008 and no radical effective solutions to fix it have been proposed yet.\n\nCryptocurrencies, like them or not, are the only viable alternative and they are here to stay.\n\n— — — — — — — -\nIn the next post we will illustrate how the conventional monetary system is designed, and we will compare it with the design of cryptocurrencies. This will reinforce the message above in a more technical way.\n\n— — — — — — — -\nOur vision propelled us to build a community platform for cryptocurrency users. Ironically, although cryptocurrencies are at the cutting edge of technology, the community building tools are well behind — old school forums, Google forms, chat groups and so on. We would like to create a tailored platform specifically designed to grow and empower cryptocurrency communities. If you share our vision and our passion, please contribute to help us develop and promote the service.\n\nBTC — 17q3Ybz3H1A5tH4TdyCn5f1EM2Be3ytTG\nBCH — 1MmVqjGbS63fiV1epjXHpE9j8UEVS1ftvk\nETH and ERC20 tokens — 0xa110a53C70B0243D137B41685138b96AbcB5D9c3",
      "json_metadata": "{\"tags\":[\"cryptocurrencies\",\"cryptocurrency\",\"bitcoin\",\"economics\",\"bubble\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "1fa7b411eed3ac96ace6395d4ec3e92d793262ea",
  "block": 18914070,
  "trx_in_block": 45,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-12T13:26:06",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"theprest\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "75428c1c3116f4881d16f713c67c3581d2b54e23",
  "block": 18914070,
  "trx_in_block": 33,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-12T13:26:06",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"sportic\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "4b6a93cea15ebc0c43e9c5e4a2324225362bbc1a",
  "block": 18914069,
  "trx_in_block": 49,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-12T13:26:03",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"ctf\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "de1146b658da98c953a0193582684baec4d246c8",
  "block": 18914069,
  "trx_in_block": 36,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-12T13:26:03",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"best10\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "6236ed068fd1f4c47a4c005f054ae01c978a3e9a",
  "block": 18806288,
  "trx_in_block": 34,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-08T19:33:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "coinyspace",
      "vesting_shares": "29700.594329 VESTS"
    }
  ]
}

{
  "trx_id": "ba9b098b88ec50b2af48a9b2749552c1a13b79da",
  "block": 18789809,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-08T05:47:30",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"rmp\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "3c25be7410f106bc83dffe8cf8ff650be21b3367",
  "block": 18789809,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-08T05:47:30",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"gamemusic\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "2a227bf9d30417887fd9326d8458de5960e1ccf6",
  "block": 18789803,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-08T05:47:12",
  "op": [
    "delete_comment",
    {
      "author": "coinyspace",
      "permlink": "cryptocurrencies-are-not-a-bubble-here-is-why"
    }
  ]
}

{
  "trx_id": "9e114b649daf6c35d1584f842151a17658f4de5a",
  "block": 18788451,
  "trx_in_block": 34,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-08T04:39:33",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"doobby\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "8e87f91bf504958fe1b94c65df22d56e5ccedebf",
  "block": 18788451,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-08T04:39:33",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "coinyspace"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"coinyspace\",\"following\":\"cryptoriddler\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "452ca7402facf2a581e7502a078fdc4d9bca5d9e",
  "block": 18788444,
  "trx_in_block": 43,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-08T04:39:12",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "author": "coinyspace",
      "permlink": "cryptocurrencies-are-not-a-bubble-here-is-why",
      "title": "Cryptocurrencies are not a bubble. Here is why.",
      "body": "<html>\n<p>I have been advocating cryptocurrencies since 2013 and heard millions of times that the whole theme is nonsense, scam, bubble, hype, you name it. Many people are simply bewildered that some “numbers on computers” can become more and more valuable. As a result, there is popular notion that cryptocurrencies don’t have intrinsic value, they are not “backed” by anything and therefore their valuation is nothing but a bubble that will eventually burst.</p>\n<p>However there is a fundamental flaw in this view. It is based on an assumption that in order to be sound money cryptocurrencies need to be backed by a tangible asset. This is not correct. Traditional currencies like US dollar or GB pound are not backed by assets, they are backed by governments, i.e. by a social structure. Modern money is an institution like army, police or taxation. It is a set of rules set up and maintained by society.</p>\n<p>Fiat money is a state institution, it derives its value from the government that enforces a currency as a legal tender. Cryptocurrencies are civil institutions, they derive their value from a mutually agreed consensus of voluntarily cooperating individuals. Fiat is backed by governments, cryptos are backed by independent communities.</p>\n<p>Fiat is police - crypto is neighborhood watch. Fiat is tax - crypto is donation. Fiat is army - crypto is militia. This is the fundamental difference.</p>\n<p>Therefore when someone says that crypto has no intrinsic value, they do not mean that bitcoin is not backed by a commodity like gold, unlike US dollar, because the latter is not backed either. What they imply, willingly or unwillingly, is that power of communities is not legitimate to enforce its own currency (hence it is scam) or that the bonds uniting these communities are too weak for a sustainable future (hence it is a bubble).</p>\n<p>What they are missing is that civil institutions do not pop out of nowhere without solid reasons. People unite looking for justice when police is corrupt and ineffective. Militia is formed when a regular army is not capable to perform its duties. And so on.</p>\n<p>Rise of bitcoin would not have been possible without the financial crisis of 2008, which highlighted how poorly the global financial system is designed. Continuing success of cryptocurrencies is fuelled by inability of the establishment to reform the conventional monetary system to meet the demands of XXI century.</p>\n<p>So, next time when you hear that bitcoin is a bubble and that the entire crypto world is a scam, ask one question: <em>What is the alternative?</em> The debt based, usurious, speculative, rent-seeking, ineffective, corrupted, outdated financial system, incapable to deliver peace and prosperity despite of the enormous technological progress humanity has achieved? In fact, the system is so corrupt that it sees the very progress as threat, not as an opportunity. For instance, automation is seen as a threat, as a source of unemployment and poverty, not as an opportunity, as a tool to make a huge societal advance from the low-wage drudgery to fulfilling well-rewarded creativity.</p>\n<p>Communities behind cryptocurrencies fill the vacuum. They do what the mainstream financial system is incapable to deliver - they create a new financial paradigm, which addresses the real issue we all face today.</p>\n<p>&nbsp;Using our analogy, the crypto community is the “financial militia” fighting the challenges of the 21st century, whilst the “regular financial army” is passive and ineffective. You can ridicule the “militiamen” for their appearance, inexperience and sometimes naivety, but you cannot deny that it is them who fight the war and that the “generals” - bankers and public officials - don’t even try to seize the initiative. They do nothing. This is where we are. The conventional financial system has been in crisis for 10 years since 2008 and no radical effective solutions to fix it have been proposed.</p>\n<p>Cryptocurrencies, like them or not, are the only viable alternative and they are here to stay.</p>\n<p><br></p>\n<p>---------------&nbsp;</p>\n<p><em>In the next post I will illustrate how the conventional monetary system is designed and will compare it with the design of cryptocurrencies. This will reinforce the message above in a more technical way.</em>&nbsp;</p>\n<p>---------------&nbsp;</p>\n<p><em>Our vision propelled us to build a community platform for cryptocurrencies users. Ironically, although cryptocurrencies is the cutting edge technology, its community building tools are well behind - old school forums, google forms, chat groups and so on. We would like to create a tailored platform specifically designed to grow and empower cryptocurrency communities. If you share our vision and our passion, please contribute to help us develop and promote the platform.</em></p>\n<p><em><strong>BTC </strong></em><em>- 17q3Ybz3H1A5tH4TdyCn5f1EM2Be3ytTG</em></p>\n<p><em><strong>BCH </strong></em><em>- 1MmVqjGbS63fiV1epjXHpE9j8UEVS1ftvk</em></p>\n<p><em><strong>ETH and ERC20 tokens &nbsp;</strong></em><em>- 0xa110a53C70B0243D137B41685138b96AbcB5D9c3</em> &nbsp;&nbsp;&nbsp;</p>\n<p><br></p>\n<p><img src=\"https://pbs.twimg.com/profile_images/950214154710904833/9nDUgrZp_400x400.jpg\" width=\"240\" height=\"240\"/></p>\n</html>",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"bitcoin\",\"economics\",\"politics\",\"crypto\"],\"image\":[\"https://pbs.twimg.com/profile_images/950214154710904833/9nDUgrZp_400x400.jpg\"],\"app\":\"steemit/0.1\",\"format\":\"html\"}"
    }
  ]
}

{
  "trx_id": "14ce146ef03d301db0bc96bd47f4d1a7cfe2cc87",
  "block": 18686724,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-04T15:49:36",
  "op": [
    "vote",
    {
      "voter": "coinyspace",
      "author": "kingscrown",
      "permlink": "bitcoin-genesis-block-was-mined-3th-jan-2009-happy-birthday",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "c6e6aac79023731134ee60101d4072e9a5a4c665",
  "block": 18686710,
  "trx_in_block": 33,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-04T15:48:54",
  "op": [
    "account_create_with_delegation",
    {
      "fee": "0.500 STEEM",
      "delegation": "57000.000000 VESTS",
      "creator": "steem",
      "new_account_name": "coinyspace",
      "owner": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM8PT87iVVwDEhzthwiMdtX8k7SCkdWhfYsFr8JRYVK1h1hHGKVK",
            1
          ]
        ]
      },
      "active": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM6YCMvLcTwxscvBPwz9mzepQ1RBjU1DXrPVYNpGjPoDSkAp7xZQ",
            1
          ]
        ]
      },
      "posting": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM7k6XMRGvb2iWp7g1xSL8hi2kzrQaXbKgPRtd6V56EJgvscn4Ea",
            1
          ]
        ]
      },
      "memo_key": "STM8DZ89LQXMzLVutuNMQ4MpogsDDxh2JCnMwgtaBZknTjYkxQfKN",
      "json_metadata": "",
      "extensions": []
    }
  ]
}