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      "body": "What is the Blockchain?\n\nBlockchain software technology facilitates secure peer to peer transactions without an intermediary. Invented in 2009, the idea behind blockchain is decentralisation. It is not administered by one person or company, transactions cannot be reversed, accounts cannot be deleted and new currency cannot be created out of nowhere. The system is maintained by a distributed file sharing network. BitTorrent and Napster were among the first to exploit the file sync and sharing platforms.  Bitcoin, Ethereum and Synereo are examples of applications that run on the blockchain technology.\n\nGlobal trade as we know it has become complex.  We use trusted third parties such as governments, banks, accountants, notaries and paper money to approve and facilitate transactions. Bookkeepers keep track of transactions which are often closed to the public.\n\nBuilt on sound mathematical principles the blockchain is programmed to maintain a collective bookkeeping which is distributed across the entire network. All transactions are logged and made available to everyone. In the case of Bitcoin, transactions are verified by bitcoin miners who maintain the ledger, ensuring multiple confirmations and that all the different nodes continuously agree on the ledger balance according to every transaction that has taken place.  If anyone attempts to corrupt the transaction or enter false information the nodes will not arrive at a consensus and refuse to incorporate the transaction into the blockchain. Everyone has access to a shared single source of truth. The blockchain is the foundation to create a digital currency and a secure payment system.  Taking the blockchain to the next level, “Ethereum is a public blockchain-based distributed computing platform, featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), that can execute peer-to-peer contracts using a cryptocurrency called ether.”  (Wiki/Ethereum)\n\nWhy is it called Blockchain?\n\nBlocks are made to contain lists of transactions. Algorithms are used to mathematically prove the person releasing the coins has the right to do so. The transaction is published to the network and then for the transaction to be valid it must be cryptographically signed before being assigned to a block. Blocks are continuously being filled up and new ones are being created, resulting in a long chain of sequenced blocks describing the entire history of transactions.",
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      "body": "This post serves as an introduction to investing and trading in the emerging  blockchain technologies by starting with an amount that won’t hurt too much if it gets lost.\n\nEthereum was launched on July 30, 2015 and is showing promise. Ethereum price has grown 54 times and has generated a trading profit of over $1.2 million during an 11 month period. Ethereum has a greater degree of software complexity than Bitcoin.  This may prove beneficial as the applications for Ethereum are numerous, it is more than a cryptocurrency, on the other hand this complexity may result in more security problems. “There has been a lot of talk of Blockchains in different spheres lately but before anything can become mainstream, it needs a lot of real world testing. This is especially true in fields where there is a lot of regulatory oversight like banking and finance.” -Gennaro ‘Jerry’ Cuomo. (Cuomo has been with IBM since 1987)\n\nEthereum enables the possiblity to build decentralised applications, it is a general-purpose, global blockchain that can govern both financial and non-financial types of application states. Ethereum is synonymous with smart coding and smart contracts. (More on this later). The legal implications of this are as yet unknown which makes investing in Ethereum a rather high risk affair. Nonetheless it is an exciting venture and still in its infancy which presents investors with opportunities for high gain returns.\n\nEthtrade provides a way to earn a passive income of up to 25% a month by investing in Ethereum. First time investors can start by investing Ether (the Ethereum currency) for as little as $10. Registration is free, simply open an account by entering  your email. https://ethtrade.org/@959700 Choose a payment system, bitcoin or ethereum, enter the amount you would like to invest and then click on “Create a Portfolio”. A side window will open providing you with an address into which your investment can be paid and confirm the amount you are going to send. Using the given address, transfer the funds from your wallet or exchange and that’s it, watch your balance grow daily.\n\nOnce you have transferred the funds it may take a few hours before the invested amount shows up in your newly created portfolio. After 60 days you will be able to withdraw your funds without charge.",
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      "author": "juma",
      "body": "Hi delphia16. I can only give my opinion. Thing only thing I am quite sure of, is that it is not a scam. I believe what they say on the website. Blockchain technology is becoming ever more popular. There are going to be some winners. Ethereum sounds like a contender with a future and they have an easy entry level plan to get active in the new ways of investing, trading and exchange. These methods of transacting and simplifying how contacts are made and stored are relatively new and not yet tried and tested so they are risky.",
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      "body": "@@ -471,18 +471,18 @@\n  relativ\n-it\n+el\n y new an\n",
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      "author": "juma",
      "body": "You're right in future I'll call it a minivestment :)",
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      "body": "Hi delphia16. I can only give my opinion. Thing only thing I am quite sure of, is that it is not a scam.  I believe what they say on the website. Blockchain technology is becoming ever more popular. There are going to be some winners Ethereum sounds like a contender with a future and they have an easy entry level plan to get active in the new ways of investing, trading  and exchange. These methods of transacting and simplifying  how contacts are made and stored are relavity new and not yet tried and tested so they are risky.",
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      "author": "juma",
      "body": "This post serves as an introduction to investing and trading in the emerging  blockchain technologies by starting with an amount that won’t hurt too much if it gets lost.\n\nEthereum was launched on July 30, 2015 and is showing promise. Ethereum price has grown 54 times and has generated a trading profit of over $1.2 million during an 11 month period. Ethereum has a greater degree of software complexity than Bitcoin.  This may prove beneficial as the applications for Ethereum are numerous, it is more than a cryptocurrency, on the other hand this complexity may result in more security problems. “There has been a lot of talk of Blockchains in different spheres lately but before anything can become mainstream, it needs a lot of real world testing. This is especially true in fields where there is a lot of regulatory oversight like banking and finance.” -Gennaro ‘Jerry’ Cuomo. (Cuomo has been with IBM since 1987)\n\nEthereum enables the possiblity to build decentralised applications, it is a general-purpose, global blockchain that can govern both financial and non-financial types of application states. Ethereum is synonymous with smart coding and smart contracts. (More on this later). The legal implications of this are as yet unknown which makes investing in Ethereum a rather high risk affair. Nonetheless it is an exciting venture and still in its infancy which presents investors with opportunities for high gain returns.\n\nEthtrade provides a way to earn a passive income of up to 25% a month by investing in Ethereum. First time investors can start by investing in Ethereum for as little as $10. Registration is free, simply open an account by entering  your email. Choose a payment system, bitcoin or ethereum, enter the amount you would like to invest and then click on “Create a Portfolio”. A side window will open providing you with an address into which your investment can be paid and confirm the amount you are going to send. Using the given address, transfer the funds from your wallet or exchange and that’s it, watch your balance grow daily.\n\nOnce you have transferred the funds it may take a few hours before the invested amount shows up in your newly created portfolio. After 60 days you will be able to withdraw your funds without charge.",
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      "body": "Bitcoin was released on the 9th of January 2009 and three days later when 1 Bitcoin was worth $0.06 the first transaction was placed between Satoshi Nakamoto and Hal Finney.  Three years later, in early 2011 Bitcoin rose to parity with the Dollar and Satoshi Nakamoto the inventor, disappeared.\n\nOn the 16th of August 2016,  1 Bitcoin(BTC) is worth 569.33 US Dollar or 505.01 Euro and Satoshi is still nowhere to be found.\n\nTo see the opportunities Bitcoin offers and how to apply them, some understanding of how this innovation works is helpful. In this article I will explain what is Bitcoin and why I think it has the potential to continue gaining popularity.\n\nBitcoin, the Blockchain and Cryptocurrencies are revolutionzing the way we transact, you are at the right address.\n\nWhat is Bitcoin?\n\nBitcoin is a method of exchange, to send and receive virtual coins, from the smallest Satoshi which is 100millionth of a Bitcoin to very large amounts. Online transactions can be securely executed between individuals operating independently of a central bank. The transfers are borderless, fast and considerably cheaper than current rates. There are currently over 300 ways to buy Bitcoin. \n\nSatoshi’s unleashed the Blockchain Technology which is the main technical innovation behind Bitcoin. It is the public ledger for Bitcoin transactions. The Blockchain keeps a real-time record of all transactions on the network and is made available to all users.\n\nThe transactions are verified and the ledger is maintained by Miners. When blocks of data are verified by Miners then new Bitcoins are released to them as rewards for their efforts. As Bitcoin’s popularity grows Miners need huge computing power to verify transactions and keep the system updated.  The limit to how many Bitcoins there can be circulation is 21 million.  Today there are currently 15 387 375BTC in circulation. \n\nFor a more in depth explanation, Satoshi Nakamotos’s paper describes the Bitcoin Digital Currency. \n\nWhy it is Worth Knowing About Bitcoin.\n\nBitcoin, the first and most promising cryptocurrency uses the Blockchain software technology.  The bitcoin/blockchain design has been the inspiration for other applications. Currently there 740 cryptocurencies that have sprung up since Bitcoin’s inception.\n\nMost electronic spending systems require banks or a central system to authorise payments between individuals. Costly security systems and organisations are in place to prevent electronic fraud and theft. Blockchain effectively solves the problem of Double-spending. Double-spending is the result of successfully spending some money more than once. Bitcoin protects against double spending by verifying each transaction added to the entire Blockchain ledger to ensure that the inputs for the transaction had not previously already been spent.\n\nBitcoin is likely to become a global currency, accessed from a mobile phone. Micro-payments are not affected by high fees, they have no border constraints and transactions are completed within minutes. It has opened up wider possibilities for entrepreneurs from anywhere in the world to apply for a small business loan on Bitbond. \n\nAlthough 2 of most significant Bitcoin exchanges Mt. Gox and Bitfininex  we victims of hacking attacks and lost  $460million and $60 million respectively, confidence in Bitcoin has remained.\n\nAs applications for Bitcoin grow its value will increase but you can be sure banks, governments and regulatory bodies taking a close look at the Blockchain technology.\n\nAs for Satoshi, he remains a mystery. Before withdrawing completely, he mined himself  1 million BTC and even with all the ups and downs Bitcoin has seen his stash is worth a cool $500 million.",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"crytocurrency\",\"blockchain\",\"satoshi\"]}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "bitcoin-basics-and-the-mysterious-satoshi-nakamoto",
      "title": "Bitcoin Basics and the Mysterious Satoshi Nakamoto"
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