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  "timestamp": "2022-12-27T00:26:24",
  "op": [
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    {
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      "to": "cryptobanking",
      "amount": "0.001 STEEM",
      "memo": "Free Upvotes Await!!!, Vote @se-witness for one of your 30 witness votes. Once you do so, you will start accumulating free upvotes every 6 hours automatically.  Please check my latests posts for more info.  Thanks!"
    }
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  "timestamp": "2019-10-04T18:33:30",
  "op": [
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    {
      "parent_author": "cryptobanking",
      "parent_permlink": "tether-competitors-transparent-understandable-and-approved-by-the-regulator",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-cryptobanking-20191004t183328000z",
      "title": "",
      "body": "Congratulations @cryptobanking! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cryptobanking/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/@cryptobanking) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cryptobanking)_</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\"]}"
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  "timestamp": "2018-10-04T21:06:27",
  "op": [
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      "parent_permlink": "tether-competitors-transparent-understandable-and-approved-by-the-regulator",
      "author": "cheetah",
      "permlink": "cheetah-re-cryptobankingtether-competitors-transparent-understandable-and-approved-by-the-regulator",
      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://coinmessenger.net/tether-competitors-transparent-understandable-and-approved-by-the-regulator/",
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      "parent_permlink": "steemit",
      "author": "cryptobanking",
      "permlink": "tether-competitors-transparent-understandable-and-approved-by-the-regulator",
      "title": "Tether competitors: transparent, understandable and approved by the regulator",
      "body": "![post32.jpg](https://cdn.steemitimages.com/DQmc4R8mxFZ2W8Utj2RXUXxwUWn5dv3nj1HVnYzJHCAePj3/post32.jpg)\n\nThe cryptocurrency market is critically short of stablecoin Tether (USDT). According to CoinMarketCap, in October, demand for USDT steadily exceeds $ 3 billion, with this digital asset capitalizing at $ 2.8 billion. Tether's regular emissions do not save the situation - crypto traders absorb everything. This prompted the largest participants in the cryptoindustry to take steps to issue their own stablecoins. For the time being, the largest blockchain projects give preference to stablebcoins provided with stable national fiat currency. Stablecoins provided by other cryptocurrencies or controlled emission do not arouse interest in cryptocurrency projects.\n\n\n\nWho entered the market\n\nCircle and USD Coin (USDC)\n\nCryptocurrency company Circle, with the support of Goldman Sachs, released the stablecoin USD Coin (USDC) in late September, backed by the US dollar.\nDeveloper: Centre.io.\nTechnology: ERC20 token on the Ethereum blockchain.\nListing and support: since launch - Poloniex (owned by Circle), OKCoin, CoinEx, Coinbase and 30 more partners.\nDeposit storage: 4 US banks on the recommendation of the investment company Bancorp.\nReserve sufficiency audit: once a month.\nRequirement to the buyer: verification of identity.\nPurpose: replacement of USDT in cryptocurrency pairs to reduce their volatility.\n\nGemini and Gemini Dollar (GUSD)\n\nIn September, the Winklevoss Twin Cryptocurrency Exchange released Gemini Dollar (GUSD), which was also backed by the United States dollar and approved by the New York Department of Financial Services (NYDFS). This allows you to call the coin \"the world's first regulated token.\"\nDeveloper: Gemini.\nTechnology: ERC20 token on the Ethereum blockchain.\nListing and support: since launch - Gemini, as well as HitBTC, Bibox, DigiFinex, BCEX and others.\nDeposit storage: US bank with FDIC insurance.\nReserve sufficiency audit: in accordance with New York Banking Law.\nRequirement to the buyer: verification of identity.\nPurpose: a means of payment in offline and online trading.\n\nPaxos and Paxos Standard (PAX)\n\nIn September, Paxos cryptocurrency startup released Paxos Standard (PAX), which in many ways is a clone of Gemini Dollar - the token provided by the US dollar 1:1, was approved by U.S. Securities and Exchange Commission (SEC) and the New York Department of Financial Services (NYDFS).\nDeveloper: Paxos.\nTechnology: ERC20 token on the Ethereum blockchain.\nListing and support: Binance, BCEX, itBit and others.\nDeposit storage: US bank with FDIC insurance.\nReserve sufficiency audit: in accordance with New York Banking Law.\nRequirement to the buyer: verification of identity.\nPurpose: instant conversion to Fiat and back, and to Fiat - without a platform commission.\n\nLondon Block Exchange and LBXPeg\n\nIn late September, the London Cryptocurrency Exchange LBX released LBXPeg stablecoin, secured by 1: 1 British pound sterling (GBP).\nDeveloper: London Block Exchange.\nTechnology: ERC621 token on the Ethereum blockchain.\nListing and support: since launch - London Block Exchange.\nDeposit storage: unnamed regulated UK bank.\nReserves adequacy audit: in accordance with UK banking law.\nRequirement to the buyer: verification of identity.\nPurpose: performing over-the-counter transactions in the London market, servicing exchanges from the EU that do not have bank accounts, paying out dividends in the cryptocurrency of token projects.\n\nStasis and EURS\n\nThe Maltese platform for financial tokenization Stasis released stablecoin EURS at the end of summer, secured 1:1 to euro. Stasis is in the process of licensing by the government of Malta, which will allow it to gain legal status based on the new Maltese cryptocurrency legislation.\nDeveloper: Stasis\nTechnology: ERC20 token on the Ethereum blockchain.\nListing and support: HitBit, London DSX and others.\nDeposit storage: unnamed regulated bank of Malta.\nReserve sufficiency audit: daily.\nRequirement to the buyer: verification of identity.\nPurpose: instant conversion to Fiat and back.",
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      "parent_author": "cryptobanking",
      "parent_permlink": "tether-confirmed-the-provision-of-usdt-and-ready-for-new-exploits",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-cryptobanking-20181004t132638000z",
      "title": "",
      "body": "Congratulations @cryptobanking! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@cryptobanking/birthday1.png)](http://steemitboard.com/@cryptobanking)  1 Year on Steemit\n<sub>_Click on the badge to view your Board of Honor._</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/introducing-steemitboard-ranking\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/introducing-steemitboard-ranking\">Introducing SteemitBoard Ranking</a></td></tr></table>\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**!",
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  "timestamp": "2018-07-31T05:20:57",
  "op": [
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    {
      "parent_author": "mariequeen27",
      "parent_permlink": "the-blessed-trinity",
      "author": "cryptobanking",
      "permlink": "re-mariequeen27-the-blessed-trinity-20180731t052057036z",
      "title": "",
      "body": "I use to follow the trinity doctrine. However when researching the origins of this belief, I found out that it was started by 'apostle' paul.\n\nPaul magically converted to being a 'christian' after being a terrorist and killing innocent christians. He then said he encountered Jesus (peace be upon him), and then claimed to have all these new revelations.\n\nIts hard for me to buy, what are your thoughts?",
      "json_metadata": "{\"tags\":[\"religion\"],\"app\":\"steemit/0.1\"}"
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  "block": 23519493,
  "trx_in_block": 13,
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  "timestamp": "2018-06-21T15:19:39",
  "op": [
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      "parent_author": "cryptobanking",
      "parent_permlink": "tether-confirmed-the-provision-of-usdt-and-ready-for-new-exploits",
      "author": "cryptoclast",
      "permlink": "re-cryptobanking-tether-confirmed-the-provision-of-usdt-and-ready-for-new-exploits-20180621t151938252z",
      "title": "",
      "body": "Great news! Let's hope for the best (for all the crypto market) for the Tether stuff.\n\nTalking about ICOs, there are many good crypto related projects that are developing now.\n\nIf I can give you guys my opinion, I discovered an exciting one: RAWG.\n\nJust now the RAWG team won TWO blockchain contests in one day. Amazing! Have a look at this article explaining this great result:\nhttps://medium.com/rawg/wizardry-product-transparency-5325fd85557a\n\nLike they say: “This is RAWG’s promise to become one of the trustworthy projects in the sea of fraud and scam”.\nIf you want to have a look and get some information, the ICO will start in a short period and they are at the moment in pre-ICO phase.\n\nThe ICO site is this one: https://token.rawg.io/.\nIt's a video game discovery platform that converts your skills into goods and services.\n\nYou can earn tokens by playing your favorite games. The site is already working, with more than 50,000 games in the database and new games are getting added every day.\n\nHave a look. I hope this information is helpful!",
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  "timestamp": "2018-06-21T14:11:33",
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      "parent_permlink": "cryptocurrency",
      "author": "cryptobanking",
      "permlink": "tether-confirmed-the-provision-of-usdt-and-ready-for-new-exploits",
      "title": "Tether confirmed the provision of USDT and ready for new exploits?",
      "body": "![post31.jpg](https://cdn.steemitimages.com/DQmZqpRsoSKpw9k9jyRFE8YeG9zMGtkpR6dHYWnrZbVazpA/post31.jpg)\n\nTether, which issues USDT crypto-tokens, pegged to dollar, presented a long-awaited report on the adequacy of reserves in its bank accounts. The document confirms that on Tether's bank accounts on June 1 there was $ 2.55 billion, which is enough to provide 2.54 billion USDT, issued on that date. The evaluation was conducted by the legal bureau Freeh Sporkin & Sullivan, LLP (FSS), created by three former federal judges and ex-deputy director of the FBI.\n\nTraders around the world were expecting this document, which was a response to numerous Tether charges in the release of unsecured stablcoins. According to some crypto-experts, unsecured USDT could be used to manipulate the Bitcoin exchange rate.\n\nNow one needs to closely monitor the new issue of USDT - it is possible that it will signal a new bull rally on the Bitcoin market.",
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  "timestamp": "2018-06-08T10:46:33",
  "op": [
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      "author": "cryptobanking",
      "permlink": "tron-eos-vs-ethereum",
      "sbd_payout": "0.014 SBD",
      "steem_payout": "0.001 STEEM",
      "vesting_payout": "14.227208 VESTS"
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  "op": [
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      "author": "cryptobanking",
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      "sbd_payout": "0.016 SBD",
      "steem_payout": "0.001 STEEM",
      "vesting_payout": "16.259907 VESTS"
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  "op": [
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      "curator": "cryptobanking",
      "reward": "6.097465 VESTS",
      "comment_author": "cryptobanking",
      "comment_permlink": "traders-changed-wall-street-for-cryptocurrencies"
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  "timestamp": "2018-06-06T15:00:15",
  "op": [
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      "parent_author": "cryptobanking",
      "parent_permlink": "tron-eos-vs-ethereum",
      "author": "shenlong",
      "permlink": "re-cryptobanking-tron-eos-vs-ethereum-20180606t150010614z",
      "title": "",
      "body": "good",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\"}"
    }
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  "timestamp": "2018-06-05T17:48:39",
  "op": [
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      "author": "cryptobanking",
      "permlink": "traders-changed-wall-street-for-cryptocurrencies",
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  "virtual_op": 0,
  "timestamp": "2018-06-05T07:46:45",
  "op": [
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    {
      "parent_author": "cryptobanking",
      "parent_permlink": "traders-changed-wall-street-for-cryptocurrencies",
      "author": "anealireki",
      "permlink": "re-cryptobanking-traders-changed-wall-street-for-cryptocurrencies-20180605t074635799z",
      "title": "",
      "body": "The best project for monitoring cryptocurrency status - https://masscoinapp.com\nCheck the threshold value with comfort!",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"links\":[\"https://masscoinapp.com\"],\"app\":\"steemit/0.1\"}"
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  "timestamp": "2018-06-05T01:06:00",
  "op": [
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      "author": "cryptobanking",
      "permlink": "traders-changed-wall-street-for-cryptocurrencies",
      "weight": 10000
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  "virtual_op": 0,
  "timestamp": "2018-06-03T19:37:21",
  "op": [
    "vote",
    {
      "voter": "alexeyn",
      "author": "cryptobanking",
      "permlink": "tron-eos-vs-ethereum",
      "weight": 10000
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{
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  "block": 22994745,
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  "virtual_op": 0,
  "timestamp": "2018-06-03T09:26:18",
  "op": [
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    {
      "voter": "marcos1245",
      "author": "cryptobanking",
      "permlink": "traders-changed-wall-street-for-cryptocurrencies",
      "weight": 200
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{
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  "virtual_op": 0,
  "timestamp": "2018-06-02T19:26:27",
  "op": [
    "vote",
    {
      "voter": "crypto-luke",
      "author": "cryptobanking",
      "permlink": "traders-changed-wall-street-for-cryptocurrencies",
      "weight": 10000
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{
  "trx_id": "6eb38f84862fe1231ca36846a57f43475e88562b",
  "block": 22977949,
  "trx_in_block": 53,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-06-02T19:26:21",
  "op": [
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    {
      "parent_author": "cryptobanking",
      "parent_permlink": "traders-changed-wall-street-for-cryptocurrencies",
      "author": "crypto-luke",
      "permlink": "re-cryptobanking-traders-changed-wall-street-for-cryptocurrencies-20180602t192621222z",
      "title": "",
      "body": "I agree. When institutional investors will enter the cryptocurrency market, I think we will see a relevant increase in the overall market cap and the crypto market in general will reach new ATH.",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\"}"
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{
  "trx_id": "d7b3cc28be2b9e73db7193ee7ddec1f31b9a288f",
  "block": 22953669,
  "trx_in_block": 48,
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  "virtual_op": 0,
  "timestamp": "2018-06-01T23:11:27",
  "op": [
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    {
      "parent_author": "cryptobanking",
      "parent_permlink": "tron-eos-vs-ethereum",
      "author": "zahidmoon",
      "permlink": "re-cryptobanking-tron-eos-vs-ethereum-20180601t231124777z",
      "title": "",
      "body": "the image looks like they are both trying to kill eth \nit means eth is much more powerful right now \nwell best of luck for EOS and TRON they also doing great",
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  "timestamp": "2018-06-01T12:57:42",
  "op": [
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      "title": "",
      "body": "NEO, LTC,PPT , Veri, Plr, Verge, and others not so popular",
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      "body": "I don't know this update. Thanks for sharing the things.\nLets see what happens.......",
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      "title": "",
      "body": "Hi, thank you for contributing to Steemit! \n\nI upvoted and followed you; follow back and we can help each other succeed :) \n\nP.S.: [My Recent Post](https://steemit.com/cryptocurrency/@hatu/springrole-huge-impact-on-developing-nations-fight-the-lottery-of-birth)",
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      "title": "",
      "body": "[Source](https://cryptocurrencynews.com/daily-news/crypto-news/bruno-le-maire-passionate-about-cryptos/)\n[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. \r\n\r\nSpam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).\r\n\r\n[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)\r\n\r\nIf you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)",
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      "permlink": "re-cryptobanking-new-malware-mewkit-can-hack-myetherwallet-20180523t152550126z",
      "title": "",
      "body": "[Source](https://cryptocurrencynews.com/daily-news/crypto-news/malware-mewkit-hack-myetherwallet/)\n[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. \r\n\r\nSpam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).\r\n\r\n[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)\r\n\r\nIf you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)",
      "json_metadata": "{\"app\":\"steemcleaners/0.2\",\"format\":\"markdown+html\",\"community\":\"steemcleaners\"}"
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      "permlink": "india-is-going-to-equate-cryptocurrencies-to-goods-and-impose-18-of-gst",
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      "body": "![post24.jpg](https://steemitimages.com/DQmbwa5HDBxENPSpe9uS2mztgtGyt9veTHxf1d5tGdEFknL/post24.jpg)\n\nThe Government of India intends to equate cryptocurrencies to the goods and impose trade on them with an 18-percent profit tax (GST). The Central Council of Taxation and Customs (CBIC) is considering the initiative in an expedited manner. According to Bloomberg sources, the decision will be made before June 1, 2018, which will avoid accumulation of excessive tax liabilities, which are difficult to pay off.\n\nOn taxation, digital assets will be equated to licensed software. Thus, the tax will be charged at the location of the buyer. Cryptocurrency transactions of residents outside India will be treated as import-export transactions and subject to an integrated tax.\n\nEarlier, the government of India estimated the turnover of cryptocurrency traders at $ 30 million and sent them about 500 thousand tax notifications for a total of more than $ 5 million. However, due to the lack of a regulatory framework, the requirement to pay taxes was ignored. As a result, the Reserve Bank of India banned all licensed financial institutions from servicing any transactions with cryptocurrencies before making changes to the legislation since April 5.",
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      "title": "",
      "body": "[Source](https://www.ccn.com/sec-chair-jay-clayton-applauds-operation-crypto-sweeps-crackdown-on-cryptocurrency-fraud-ico-scams/)\n[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. \r\n\r\nSpam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).\r\n\r\n[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)\r\n\r\nIf you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)",
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      "permlink": "re-cryptobanking-bitcoin-pros-and-cons-20180523t152407896z",
      "title": "",
      "body": "[Source](https://cryptonews.com/guides/bitcoin-pros-and-cons.htm)\n[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. \r\n\r\nSpam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).\r\n\r\n[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)\r\n\r\nIf you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)",
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      "title": "",
      "body": "[Source](https://cryptocurrencynews.com/daily-news/ripple-news/ripple-news-xrp/)\n[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. \r\n\r\nSpam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).\r\n\r\n[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)\r\n\r\nIf you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)",
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      "title": "",
      "body": "[Source](https://www.financial.org/News/NewsDetails.aspx?i=5kA%2Fklv0%2Fdzo4psWbfBbAgdShNn5RAFK46%2BQ15L2LmQ%3D)\n[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. \r\n\r\nSpam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).\r\n\r\n[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)\r\n\r\nIf you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)",
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      "title": "",
      "body": "I have a feeling I read this article somewhere else. Deja vu!",
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      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://venturebeat.com/2018/05/22/ai-decentralized-alliance-announces-fund-for-100-blockchain-powered-projects/",
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      "body": "![TERMINATOR.jpeg](https://steemitimages.com/DQmNsWDoenkyCUTAJGxqUzugAqBEp31VqkHLdRtyUU2Fmiy/TERMINATOR.jpeg)\n\nSingularityNET and AI Decentralized today announced the Decentralized AI Alliance (DAIA), an open industry alliance trying to foster the development of decentralized AI technologies.\n\nSingularityNET is best known for powering Sophia, the Hanson Robotics robot. It is also building a decentralized marketplace for AI around the globe. AI Decentralized, meanwhile, aims to connect AI practitioners with blockchain practitioners.\n\nAIDA promises to bring together companies, foundations, and labs operating at the intersection of AI and blockchain technology. The alliance will provide a medium for member organizations to coordinate standards, protocols, interfaces, and other technical matters, along with organizing community events, providing networking opportunities, and giving legal and management guidance.\n\nDAIA will also foster the creation of funds to support AI blockchain-powered projects. The initial DAIA plan involves an affiliated fund that will support 100 projects over the next two years, with funding allowances of $2 million for each of the first 50 projects.\n\n“While I am a strong believer in altruism, I am a bigger believer in having an incentive for folks to contribute to something that has altruism at its core,” AI Decentralized founder Toufi Saliba said in a statement. “The altruism here is responsibility — a responsibility for the future of AI that we feel, and that we hope many more people will feel. This responsibility is about knowing that the AI we create today, and that will impact the world for the next 1000 years and beyond, may be oppressive, or it may be liberating. This is why we are creating mechanisms that will financially incentivize people to create AI that will be liberating and act for the greater good.”\n\nInitial projects being considered include machine learning based cybersecurity solutions, AI-driven reputation management, and collaborative filtering tools specialized for decentralized networks, as well as logical inference engines for validating the properties of smart contracts.\n\nUltimately, DAIA hopes it will provide a way for those in the field of AI and blockchain to stay coordinated and connected, increasing the odds that the democratic, decentralized software ecosystem plays a dominant role in the ongoing rise of AI.\n\n“To me, DAIA is more than just another industry organization,” Dr. Ben Goertzel of SingularityNET said in a statement. “It’s a movement — a movement by a network of adventurous technologists and entrepreneurs around the globe, aimed at wresting control of the world’s AI and the data and computing power that feeds it from the handful of big tech companies and big governments that are currently threatening dominance.”",
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      "author": "cryptobanking",
      "permlink": "bitcoin-pros-and-cons",
      "title": "Bitcoin pros and cons",
      "body": "Many are attracted to Bitcoin by its independence and pseudo-anonymity. But its convenience of use, speed and costs are not always as attractive as one would like.\n\nThe main advantage of using Bitcoin for payment is you do not need a middleman, like a bank, to complete a transaction. In some cases, however, transaction speed and costs are a downside for this currency.\n\nPros\n- You can make payments with bitcoins 24/7 all over the world, even where there’s no banking system.\n- International payments with bitcoins can be faster and cheaper than with traditional banking.\n- You can spend bitcoins in the same ways you spend traditional digital money – from a desktop computer, a mobile phone or a debit card.\n- Bitcoin has valuable features for business, too, like multi-signature authorization and accounting transparency. Multi-signature means that several people need to sign off on a payment, which provides more security. And the very nature of a blockchain – where all transactions are public – improves a business’s transparency.\n\nCons\n- Despite attempts to enable offline bitcoin payments, use of the currency still largely depends on internet availability.\n- While Bitcoin beats traditional banking in international payments, it’s too slow and expensive for retail transactions like buying tea or groceries. The speed can be expected to improve in the future.\n- As Bitcoin is still in development, the transaction speed and fees are not stable.\n- Converting bitcoins into fiat money is costly.\n- Not every shop or service provider accepts bitcoins. The number is growing, though.",
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      "author": "cheetah",
      "permlink": "cheetah-re-cryptobankingwhat-is-a-smart-contract",
      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cryptonews.com/guides/what-is-a-smart-contract.htm",
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