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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cryptocoingrowth.com/2018/02/05/virgin-money-joins-banks-ban-on-credit-card-bitcoin-purchases-but-what-does-it-really-mean/",
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      "title": "VIRGIN MONEY JOINS BANKS’ BAN ON CREDIT CARD BITCOIN PURCHASES BUT WHAT DOES IT REALLY MEAN?",
      "body": "This week, The New York Times has reported that Virgin Money has banned the purchases of cryptocurrencies on its credit cards. The news comes as just the latest of this sort of move to hit the press, with a number of big-name banks also banning the purchase of bitcoin with their credit cards – the latest example outside of Virgin Money being Lloyds Bank.\n\nA SETBACK OR NON-NEWS?\nThese developments are being presented as major setbacks for the cryptocurrency space, indicative of what many are saying is the realization of a long-expected pushback from the financial institutions that dominate the industry right now.\n\nAnd the headlines are designed to support this presentation.\n\nIn reality, however, things aren’t nearly as bad as said headlines would have readers believe.\n\nWhy?\n\nWell, the crux of the news is this: banks no longer want you to be able to buy Bitcoin and other cryptocurrencies using your credit card. Note, this doesn’t say that banks no longer want you to be able to buy Bitcoin and other cryptocurrencies. It says that they don’t want you to fund this purchase with credit – credit that is (in many cases) issued on expensive terms, with many credit card holders paying 10% interest or more on balances.\n\nA Setback Or Non-News?\n\nJUST COMMON SENSE\nWhen the price of an asset is as volatile as Bitcoin and other cryptocurrencies are right now, that individuals shouldn’t be buying it with credit is more common sense than anything else. Viewed in this light, the move by big banks to formalize their view that account holders shouldn’t be buying these assets with cash they don’t actually have, isn’t really news at all.\n\nMainstream media is quick to jump on this ban as an indicator that Bitcoin’s days are numbered, but what they don’t tell you that the vast majority of credit card issuers won’t allow people to use their cards to fund trading accounts with stock brokerages or FX companies either – you know, “legitimate” investment vehicles. This is to help people avoid the risks inherent with trading on credit-based capital and, at the same time, doing so with a margin that amplifies the risk of losing what they can’t afford.\n\nVIRGIN’S TAKE\nVirgin Money spokesman said about the move:\n\nFollowing a review of our policies, I can confirm customers will no longer be able to use their Virgin Money credit card to purchase cryptocurrencies… This only applies to our credit cards and not our debit card.\n\nSo, again, this isn’t Virgin Money saying that its customers can’t buy cryptocurrency. They just can’t buy crypto with credit cards. It’s Virgin Money saying that it’s not going to lend its customers the money they require to buy cryptocurrency.\n\nThese are two very different things.\n\nWhile the banks’ ban on crypto credit purchases is inconvenient, when you remove the mainstream media from the equation and examine what the banks are really saying, it ends up being much ado about NOTHING.\nIn my opinion, it's just the medias are playing with us. Who is involved behind these news? \n\nDo you buy bitcoin with your credit card?",
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      "title": "How BUDBO is using blockchain technology to legitimize the cannabis industry",
      "body": "Blockchain technology has the potential to reinvent a huge number of existing global industries, with companies right now trying to shake-up every space, from travel to communication.\n\nBut it’s not just limited to mainstream sectors. Blockchain technology is also being used to tackle issues that exist in industries that might be considered fringe but, at the same time (and almost as a result of this categorization), can benefit as much or more from a blockchain shakeup than can more traditional sectors.\n\nOne of these industries is the medical and recreational cannabis space — and the company that’s positioned itself to drive the shakeup is Budbo.\n\nWHAT IS BUDBO?\nSome reading this might already be familiar with Budbo. It’s an application that’s been dubbed the ‘Tinder of cannabis,’ through which users are able to swipe right or left on various cannabis strains and, based on the preference data pulled from their swiping, can locate dispensaries that sell the cannabis strains they prefer.\n\nIt’s a neat idea and one that’s already drawn a lot of users to the application (at the latest count, the Budbo application had more than 75,000 active users). However, it’s proving to be far more than just a cannabis choice and location application.\n\nBudbo is trying to use blockchain technology to accelerate the use of cannabis as legitimate medicine, especially in the eyes of the general public, and it is succeeding in doing exactly that.\n\n\nDATA IS KING\nData is everything these days. Nearly every application we use collects and stores data about who we are, where we are and what we do, but, with the advent and integration of blockchain technology, the way this data is stored, interpreted and, ultimately, used, is changing.\n\nBudbo has recognized this and is harnessing the power that comes with the application of the blockchain to data collection and manipulation in the cannabis space.\nAs users interact with the application, it collects data based on individual preferences and experiences of the cannabis users with each of the various strains and dispensary locations.\n\nThis data will be collated and stored on the Budbo blockchain, where it can then be accessed and used by a variety of interested parties to inform a wide range of decisions.\n\nUSE CASES\nSay, for example, a dispensary wants to know which strains cannabis users in its vicinity prefer to consume. The dispensary can use the data stored on the Budbo blockchain to find out and can then use this information to inform its inventory purchase decisions. If lots of people who live near the dispensary like a particular strain, for example, the dispensary can ensure it’s always got plenty of that strain in stock.\n\nAs another example, consider an individual suffering from PTSD who wants to know which strain might be the most effective in relieving symptoms of the condition. The individual can head over to the Budbo application and find out from other sufferers who have logged their experiences on the company’s blockchain which strains are likely to be the most effective.\n\n\n\nLEGITIMIZING THE CANNABIS INDUSTRY\nOne of the reasons this industry remains a fringe industry and, in line with this, a ‘shady’ industry in the eyes of many, is its association with criminal use. Through the application of blockchain technology to the space, which, by its nature is open and transparent, Budbo has the potential to legitimize the industry to a large degree, bringing it out from the shadows of criminalization and into the mainstream.\n\nTHE BUDBO UTILITY TOKEN\nIn order to gain access to the data stored on the Budbo blockchain, individuals and companies use BUBO, which is the company’s utility token. The amount of BUBO required will vary according to the individual case demand but the transaction is standard pretty much across the board – BUBO in return for data and information.\n\nRight now, the company is raising development capital by way of a token sale, in which the BUBO token will be issued to participants. As interaction with the data stored on the Budbo blockchain increases so will demand for tokens (which, as mentioned, are used to purchase access). Just like other tokens and cryptocurrencies, the BUBO token will be available for trade on the open exchanges after the close of the crowdsale, currently scheduled for March 5 or until sold out.\n\nThe token sale is ongoing and working with a hard cap of 170 million tokens.\n\nAnyone looking to participate can pick up some early access tokens here.\n\nThe Budbo White Paper is available here (in English). Other languages are available at the company’s website, here.\n\nDo you think that Budbo can make any significant inroads toward legitimizing the cannabis industry? Tell us what you think in the comments below.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://bitcoinist.com/budbo-using-blockchain-technology-legitimize-cannabis-industry/",
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      "title": "How using blockchain technology to legitimize the cannabis industry",
      "body": "Blockchain technology has the potential to reinvent a huge number of existing global industries, with companies right now trying to shake-up every space, from travel to communication.\n\nBut it’s not just limited to mainstream sectors. Blockchain technology is also being used to tackle issues that exist in industries that might be considered fringe but, at the same time (and almost as a result of this categorization), can benefit as much or more from a blockchain shakeup than can more traditional sectors.\n\nOne of these industries is the medical and recreational cannabis space — and the company that’s positioned itself to drive the shakeup is Budbo.\n\nWHAT IS BUDBO?\nSome reading this might already be familiar with Budbo. It’s an application that’s been dubbed the ‘Tinder of cannabis,’ through which users are able to swipe right or left on various cannabis strains and, based on the preference data pulled from their swiping, can locate dispensaries that sell the cannabis strains they prefer.\n\nIt’s a neat idea and one that’s already drawn a lot of users to the application (at the latest count, the Budbo application had more than 75,000 active users). However, it’s proving to be far more than just a cannabis choice and location application.\n\nBudbo is trying to use blockchain technology to accelerate the use of cannabis as legitimate medicine, especially in the eyes of the general public, and it is succeeding in doing exactly that.\n\n\nDATA IS KING\nData is everything these days. Nearly every application we use collects and stores data about who we are, where we are and what we do, but, with the advent and integration of blockchain technology, the way this data is stored, interpreted and, ultimately, used, is changing.\n\nBudbo has recognized this and is harnessing the power that comes with the application of the blockchain to data collection and manipulation in the cannabis space.\nAs users interact with the application, it collects data based on individual preferences and experiences of the cannabis users with each of the various strains and dispensary locations.\n\nThis data will be collated and stored on the Budbo blockchain, where it can then be accessed and used by a variety of interested parties to inform a wide range of decisions.\n\nUSE CASES\nSay, for example, a dispensary wants to know which strains cannabis users in its vicinity prefer to consume. The dispensary can use the data stored on the Budbo blockchain to find out and can then use this information to inform its inventory purchase decisions. If lots of people who live near the dispensary like a particular strain, for example, the dispensary can ensure it’s always got plenty of that strain in stock.\n\nAs another example, consider an individual suffering from PTSD who wants to know which strain might be the most effective in relieving symptoms of the condition. The individual can head over to the Budbo application and find out from other sufferers who have logged their experiences on the company’s blockchain which strains are likely to be the most effective.\n\n\n\nLEGITIMIZING THE CANNABIS INDUSTRY\nOne of the reasons this industry remains a fringe industry and, in line with this, a ‘shady’ industry in the eyes of many, is its association with criminal use. Through the application of blockchain technology to the space, which, by its nature is open and transparent, Budbo has the potential to legitimize the industry to a large degree, bringing it out from the shadows of criminalization and into the mainstream.\n\nTHE BUDBO UTILITY TOKEN\nIn order to gain access to the data stored on the Budbo blockchain, individuals and companies use BUBO, which is the company’s utility token. The amount of BUBO required will vary according to the individual case demand but the transaction is standard pretty much across the board – BUBO in return for data and information.\n\nRight now, the company is raising development capital by way of a token sale, in which the BUBO token will be issued to participants. As interaction with the data stored on the Budbo blockchain increases so will demand for tokens (which, as mentioned, are used to purchase access). Just like other tokens and cryptocurrencies, the BUBO token will be available for trade on the open exchanges after the close of the crowdsale, currently scheduled for March 5 or until sold out.\n\nThe token sale is ongoing and working with a hard cap of 170 million tokens.\n\nAnyone looking to participate can pick up some early access tokens here.\n\nThe Budbo White Paper is available here (in English). Other languages are available at the company’s website, here.\n\nDo you think that Budbo can make any significant inroads toward legitimizing the cannabis industry? Tell us what you think in the comments below.",
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      "author": "cryptosophia",
      "permlink": "re-meyrep-re-cryptosophia-australia-won-t-ban-buying-bitcoin-20180206t144152031z",
      "title": "",
      "body": "Nice strategy, right?",
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      "permlink": "re-cryptosophia-australia-won-t-ban-buying-bitcoin-20180206t084341125z",
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      "body": "Like Japan, Australia is leveraging cryptos to boost its GDP.  Not a bad move by the Aussie government.",
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      "permlink": "re-cryptoaction-re-cryptosophia-australia-won-t-ban-buying-bitcoin-20180206t082449658z",
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      "body": "Well, it's a good start!",
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      "body": "ozzzy rules!",
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