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      "body": "<html>\n<p><img src=\"http://dcebrief.com/wp-content/uploads/2015/12/26954180_l.jpg\" width=\"2508\" height=\"1672\"/></p>\n<p><br></p>\n<p>&nbsp;Are you ready to put your new iPhone 6S to good use? If you love &nbsp;Bitcoin, it is time to fill the iPhone with the best Bitcoin apps on the &nbsp;market. Use your Bitcoins anywhere you go, with the best wallets, &nbsp;games, and convenient services that the world’s most advanced currency &nbsp;provides. Apple struggled with the new Bitcoin currency app concept, but &nbsp;got on board last year and are finally offering great apps for the &nbsp;Bitcoin community.<strong>Read the full story below.&nbsp;</strong></p>\n<p>Here are the Top 8 Bitcoin Apps that work on your iPhone, and are free, with convenient links to them.<br>\n <strong>Blockchain Wallet App</strong><a href=\"https://itunes.apple.com/us/app/blockchain-bitcoin-wallet/id493253309?mt=8\">Blockchain</a> &nbsp;claims over three million Bitcoin wallets, and to be the most popular &nbsp;Bitcoin wallet provider online, and their app can be an asset to any &nbsp;Bitcoin owner. Blockchain offers PIN protection, open source, it &nbsp;supports over 20 local currencies worldwide and allows you to easily &nbsp;send and receive Bitcoin payments. Text or email notifications, QR Code, &nbsp;merchant maps, swipe between screens and more. It’s rating is lower &nbsp;than Coinbase, at four stars overall. You will need 8.0 to run this app.<br>\n <strong>Coinbase Wallet App</strong><a href=\"https://itunes.apple.com/us/app/coinbase-bitcoin-wallet/id886427730?mt=8\">Coinbase</a> &nbsp;has designed this new app for iOS to provide great digital money &nbsp;operation on any mobile with Apple iOS 8.0 and up. Store your Bitcoin &nbsp;with no fees, buy and sell Bitcoin instantly, and shop with Bitcoin all &nbsp;from your iPhone. Check Bitcoin balances and transaction history for all &nbsp;your accounts in a glance. Send bitcoin via email or QR code, without &nbsp;fees. Bank level security means your bitcoins are safe. Set a passcode &nbsp;to protect the app. Remotely disable your phone’s access if it is lost &nbsp;or stolen and get real-time and historical bitcoin price charts. 130 &nbsp;reviews give it 4.5 out of 5 stars. <strong>Coin ATM Radar</strong>If you ever want to find a local Bitcoin ATM, especially in a foreign city, this app is for you. The&nbsp;<a href=\"https://itunes.apple.com/us/app/coinatmradar/id944855781\">Coin ATM Radar</a> application represents the up-to-date bitcoin ATM map, which can be used to find locations of bitcoin ATMs in your vicinity.Locate &nbsp;the closest Bitcoin ATM and check details before you visit (fees, &nbsp;limits, bitcoin ATM type), get directions how to get there. The most &nbsp;comprehensive data of ATMs includes all well-known bitcoin ATM types: &nbsp;Lamassu, SkyHook, Robocoin, BitAccess, Genesis Coin, GeneralBytes and &nbsp;other manufacturers.It will even help you can find dogecoin, litecoin and blackcoin ATMs! It has a 4+ rating and requires iOS 7.0.<br>\n <strong>Airbitz</strong>This app has a 4.5 rating over 50 reviews and requires 8.0 to operate. With <a href=\"https://itunes.apple.com/app/airbitz-bitcoin-wallet-directory/id843536046?mt=8&amp;ign-mpt=uo%3D4\">Airbitz</a>, &nbsp;only you have access to your funds or transaction data, not Airbitz or &nbsp;any 3rd party. You get the financial privacy and autonomy Bitcoin was &nbsp;designed for with the ease of use even grandma could handle.With a &nbsp;focus on delivering an amazing user experience, the Airbitz wallet &nbsp;allows you to pay using Bluetooth (BLE) without needing QR codes. Simple &nbsp;account creation using just a login &amp; password (no printing of &nbsp;PDFs, writing down passphrases, or adding encryption settings). &nbsp;Automatic encrypted wallet backup to redundant peer-to-peer cloud &nbsp;servers. And users get One-touch 2-Factor Authentication for the &nbsp;easiest-to-secure wallet in the world.<br>\n <strong>Fold</strong><a href=\"https://coffee.foldapp.com/\">Fold</a> &nbsp;is NOT available as an app on Apple iOS, yet, but the unique selling &nbsp;proposition is so good, I had to share it here. How would you like to &nbsp;save 20% on anything you buy at Starbucks? Load $8 in Bitcoin to Fold, &nbsp;and you will get $10 in credit at Starbucks! Pretty sweet, huh?Here is the link to their site, and you can add your email to get updated on when their iOS mobile app is released shortly.<br>\n <strong>BTC Miner</strong>Leave your mining rig at home and stay up to date no matter where you are with <a href=\"https://itunes.apple.com/us/app/btc-miner/id648411895?mt=8\">BTC Miner’s</a> &nbsp;Apple Mobile App. Enjoy having all your mining statistics provided by &nbsp;one or multiple pools right in your pocket. Data will automatically &nbsp;refresh every minute or, you can do it manually by pressing the bitcoin &nbsp;button.BTC Miner can support multiple pools simultaneously. If &nbsp;you have more than one account/pool set, you can browse them separately &nbsp;or see all results combined. BTC Miner also lets you convert all your &nbsp;mining results to USD, EUR, RUB, SEK, GBP and many other currencies, &nbsp;based on the latest available exchange rates.You’ll only need iOS 5.0 and it currently sports a 4.5 rating after almost 70 reviews.<br>\n <strong>Bitcoin Billionaire</strong>Compatible with iOS 6.0 and above, <a href=\"https://itunes.apple.com/en/app/bitcoin-billionaire/id911117141?mt=8\">Bitcoin Billionaire</a> &nbsp;is an idle clicker that’s all about raking in bitcoins and building up a &nbsp;massive fortune! You start with almost nothing: a run-down office, a &nbsp;rickety old desk, a crummy computer. By tapping the screen, you can mine &nbsp;virtual bitcoins and slowly increase your wealth. Spend digital dough &nbsp;to upgrade that awful furniture into swanky things like entertainment &nbsp;centers and priceless works of art.If you’re smart, you’ll spend &nbsp;some of that money on investments to help you earn while you’re away. &nbsp;And don’t worry, investments aren’t as boring as in real life. How could &nbsp;robot butlers, virtual reality, and holographic dating be anything but &nbsp;awesome? Over 2400 reviews have given it an aggregate overall 5.0 rating &nbsp;(even though there are some featured reviews that are less than &nbsp;5-stars)<br>\n <strong>Game of Birds</strong><a href=\"https://itunes.apple.com/us/app/game-of-birds/id920680395?mt=8\">Game of Birds</a> is the first Apple game app to allow users to earn Bitcoin.In &nbsp;the town of Nesteros, a little chick has been trapped under an &nbsp;avalanche of owls! Strategically place bombs to blow them up and let the &nbsp;chick fly to freedom! Set in a Medieval time zone Game of Birds or &nbsp;“GoB” is the new puzzle game that runs on your iPhone and iPad. You can &nbsp;use a variety of different bombs but watch out for Foxes, Zombie &nbsp;viruses, and Wild Fires! Collect real Bitcoin Tips along the way and &nbsp;have it sent to your wallet! 44 owl exploding levels spanned over two &nbsp;worlds, with extra levels constantly being added in the future!You &nbsp;will need iOS 9.0, and keep up with the updates religiously, to &nbsp;continue to earn BTC with this entertaining app, but it is so worth it! Source: DCEBrief</p>\n<p>http://www.bitcoinsahoy.com/top-8-bitcoin-apps-for-iphone/</p>\n<p><br></p>\n</html>",
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      "author": "blockchainbilly",
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      "body": "\"It's money 2.0, a huge huge huge deal.\" - Chamath Palihapitiy",
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      "body": "<html>\n<p><br></p>\n<p><br></p>\n<p><img src=\"https://www.wired.com/wp-content/uploads/2015/07/GettyImages-185759196-1024x768.jpg\" width=\"1024\" height=\"768\"/></p>\n<p>&nbsp;For bitcoin fans, the&nbsp;notion &nbsp;of a “brain wallet” has long seemed like the ideal method of&nbsp;storing &nbsp;your cryptocurrency: By simply remembering a complex passphrase, the &nbsp;trick allows anyone to essentially hold millions of dollars worth of &nbsp;digital cash&nbsp;in their brain alone, with no need to keep any records on a &nbsp;computer. It turns out, however, that your mind is a surprisingly vulnerable &nbsp;place to put the key to&nbsp;your crypto-liquid assets. And now one hacker is &nbsp;releasing the brain-thieving software to prove it. Next month at the hacker conference DefCon, security Ryan Castellucci &nbsp;plans to release a piece of software he calls Brainflayer, designed to &nbsp;crack bitcoin brain wallets and let any hacker suck out the digital cash &nbsp;stored in them. In fact, wise bitcoiners have known for years that &nbsp;brain wallets—despite their promise of hiding crypto treasure in the &nbsp;most private depths of the user’s mind—are often unsafe. Castellucci &nbsp;says his cracking program is designed to serve as a public demonstration &nbsp;of that insecurity for those who still haven’t gotten the message, and &nbsp;put an end to the practice for good. “People still want to use brain wallets because they like the idea of &nbsp;a key stored in your head…They’re in denial about how bad the situation &nbsp;is, and some of them are going to get screwed,” says Castellucci, a &nbsp;researcher&nbsp;for the security firm White Ops. He says his software, which &nbsp;he plans to publish online at the time of his talk next month, is meant &nbsp;to serve as a warning: “Please move your bitcoins to somewhere where &nbsp;they won’t get cracked. I want to undeniably prove to everyone that this &nbsp;is&nbsp;not safe.” Brain wallets work by taking a chosen passphrase&nbsp;and putting it &nbsp;through a mathematical function known as a “hash.” The resulting string &nbsp;of random-looking numbers is then used as a bitcoin private key—the long &nbsp;string of secret characters that controls a stash of the cryptocurrency &nbsp;at a certain bitcoin address.&nbsp;Because the same passphrase can be hashed &nbsp;again at any time to create the full private key, the user doesn’t need &nbsp;to remember that long key string, only the passphrase.&nbsp;The user can &nbsp;even delete the private key&nbsp;from his or her computer and walk around &nbsp;knowing that no one, not even cops&nbsp;who seize the&nbsp;machine, can access his &nbsp;or her mentally hidden treasure. The problem, says Castellucci, is that humans don’t choose strong, &nbsp;random passphrases as well as they think they do. And any hacker can &nbsp;patiently guess millions upon millions of passphrases, converting them &nbsp;into private keys and trying them on every bitcoin address on the &nbsp;blockchain, the public ledger of all bitcoin locations.&nbsp;Even when a &nbsp;bitcoin&nbsp;user&nbsp;thinks she has&nbsp;chosen a sufficiently strong passphrase for &nbsp;her brain wallet, Castellucci says it often can’t stand up to the &nbsp;cracking resources&nbsp;of thieves&nbsp;motivated by&nbsp;an instant cash reward. “The &nbsp;usual&nbsp;bitcoin private key is long enough that no one is going to guess &nbsp;it before the sun burns out,” says Castellucci. “But if they just have &nbsp;to guess your passphrase, they’re going to do it, because people are &nbsp;terrible random number generators.” Castellucci first wrote the brain wallet passphrase cracker that &nbsp;would become Brainflayer in 2013, shortly after he read about brain &nbsp;wallets for the first time. He left his program running, scanning for &nbsp;vulnerable bitcoin addresses, while he went to a picnic for a few hours. &nbsp;By the time he got back, it had found a wallet containing 250 &nbsp;bitcoins—more than $66,000 at today’s exchange rates—ready to be stolen &nbsp;by anyone who had run a similar program. (Castellucci eventually managed &nbsp;to contact the wallet’s owner and convince him to move the bitcoins to a &nbsp;more secure wallet.) There are plenty of <a href=\"http://www.reddit.com/r/Bitcoin/comments/1c13ld/i_invested_all_of_my_bitcoin_to_a_brain_wallet/\">reported</a> <a href=\"http://www.reddit.com/r/Bitcoin/comments/1ptuf3/brain_wallet_disaster/\">incidents</a> of <a href=\"http://www.reddit.com/r/Bitcoin/comments/2850rn/someone_has_cracked_my_brain_wallet/\">actual</a> brain wallet <a href=\"https://bitcointalk.org/index.php?topic=421559.0\">thefts</a>. &nbsp;One of those victims, Reddit user “thonbrocket,” describes how they had &nbsp;used a phrase from an obscure poem in Afrikaans as a passphrase, and &nbsp;was shocked to find that it was guessed. Castelucci wouldn’t say just how many passphrases Brainflayer is &nbsp;capable of guessing on a single PC, a detail he says he’s saving for his &nbsp;DefCon talk. But he hints that if his program were running on a botnet &nbsp;of malware-hijacked computers, it could try as many as a hundred billion &nbsp;passphrases a second. More than other passphrase crackers, he says the &nbsp;program is optimized for the problem of quickly generating bitcoin keys &nbsp;and scanning the blockchain to try them. He used a technique known as a <a href=\"http://billmill.org/bloomfilter-tutorial/\">Bloom filter</a>, &nbsp;for instance, to most efficiently store and check the blockchain for &nbsp;matches. His results still aren’t quite as fast as the trillion &nbsp;passphrases a second that Snowden <a href=\"http://www.wired.com/2014/10/snowdens-first-emails-to-poitras/\">once warned the NSA is likely capable of</a>. But it could nonetheless surprise many people who believe their passphrases are safe. There’s no reason to think that Brainflayer is an especially powerful &nbsp;passphrase cracker compared with other bitcoin brain wallet crackers in &nbsp;the hands of criminals. But that’s the point, says Dan Kaminsky, the &nbsp;founder of the White Ops security firm that employs Castellucci and a &nbsp;well-known security researcher with an interest in bitcoin. Brainflayer &nbsp;is designed to level the playing field and prove to anyone that their &nbsp;insecure brain wallet can be hacked. “Ryan is not the first person to &nbsp;write a brain wallet cracker,” says Kaminsky. “But if he puts it out &nbsp;there, he’ll be the last person to have to write one, because everyone’s &nbsp;going to have it.” Kaminsky argues that’s still a lesson bitcoiners need to hear. &nbsp;Despite brain wallets’ security issues, the idea is still too tempting &nbsp;to people who relish the thought of a perfectly private stash of virtual &nbsp;currency. “The thinking is, ‘this is the safest possible version of &nbsp;putting money under my mattress,'” says Kaminsky. “The reality is that &nbsp;there’s a lot of room under your mattress. There’s not enough room in &nbsp;your head.” &nbsp;</p>\n<p>https://www.wired.com/2015/07/brainflayer-password-cracker-steals-bitcoins-brain/</p>\n</html>",
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      "body": "<html>\n<p>&nbsp;</p>\n<h1><strong>Cash Inflow In Emerging Markets Can Be Positive For Bitcoin</strong></h1>\n<p>Posted on <a href=\"http://www.newsbtc.com/2016/07/23/cash-inflow-emerging-markets-can-positive-bitcoin/\">11:00 pm July 23, 2016 </a>Author <a href=\"http://www.newsbtc.com/author/jp-buntinx/\">JP Buntinx</a>Categories <a href=\"http://www.newsbtc.com/category/bitcoin/\">Bitcoin</a>, <a href=\"http://www.newsbtc.com/category/news/\">News</a>, <a href=\"http://www.newsbtc.com/category/opinion/\">Opinion</a> &nbsp;&nbsp;&nbsp;16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>\n</p>\n<p><em>\t\t\t\t\tJamie Anderson, a managing principal at Tierra Funds, seems &nbsp;convinced there is data showing these countries are recovering. At the &nbsp;same time, these inflows are only a drop of water on the boiling plate &nbsp;at this stage.\t\t\t\t</em> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>For those people who were dreaming of a cashless future, that &nbsp;situation will not become a reality anytime soon. Emerging markets are &nbsp;suddenly receiving bucketloads of cash, to buy stocks and bonds. &nbsp;Interestingly enough, both emerging markets and developing countries are &nbsp;reaping the benefits of this change. </strong>&nbsp;It has to be said, a record amount of cash funds have been flowing to emerging and <a href=\"http://www.newsbtc.com/2016/06/14/ethereum-hits-1-5-billion-market-cap-amid-bitcoin-surge/\">developing markets</a> &nbsp;over the past week. Emerging markets aw US$4.9bn entering the bonds &nbsp;market, whereas developing countries saw US$4.7bn worth of stocks being &nbsp;purchased. This is quite a change from the<a href=\"http://www.newsbtc.com/2015/09/06/could-chinas-strict-capital-control-boost-investments-in-bitcoin/\"> cash outflows</a> all of these countries had to deal with for several years.&nbsp;</p>\n<h2><strong>Emerging Markets And Bitcoin Pick Up Steam</strong></h2>\n<p>According to some investors, these &nbsp;markets are at a turning point. It is still a bit early to say whether &nbsp;or not this is true, as it depends on many different factors. Unless <a href=\"http://www.stanlib.com/EconomicFocus/Pages/theresacloserelationshipequities.aspx\">commodity prices</a> and export pick up in these countries, it is doubtful any significant changes will be happening soon. &nbsp;Jamie Anderson, a managing principal at <a href=\"http://www.tierrafunds.com/\">Tierra Funds</a>, &nbsp;seems convinced there is data showing these countries are recovering. &nbsp;At the same time, these inflows are only a drop of water on the boiling &nbsp;plate at this stage. Investors pulled out a lot more cash out of these &nbsp;regions over the past year than they are putting in right now. Interestingly enough, both US and European <a href=\"http://www.newsbtc.com/2016/06/16/btcs-stocks-fall-time-low-future-uncertain/\">stocks </a>are &nbsp;seeing an outflow of funds once again. Both markets combine for US$67bn &nbsp;in outflows for the year 2016 to date, and there are still a few months &nbsp;left on the calendar year. The low-interest rates maintained by the Fed &nbsp;are good news for these emerging markets, as it makes paying back debt &nbsp;less expensive. But that is not all, as it is rather &nbsp;cheap to get involved in emerging markets right now. With stocks trading &nbsp;at prices valued at 12 times their future earnings, it is not hard to &nbsp;see where this renewed interest is coming from. The same could be said &nbsp;for Bitcoin, though, which is<a href=\"http://www.newsbtc.com/2016/05/22/cryptocurrency-experts-predict-exponential-bitcoin-price-growth/\"> still trading at a much lower price</a> than what its value could be right now.&nbsp; This creates an attractive scenario &nbsp;for investors who are looking to keep a finger in the pie across the &nbsp;world. Emerging markets, cryptocurrency, and precious metals seem to be &nbsp;the three go-to investment opportunities right now. Exciting times are &nbsp;ahead for alternative investment options; that much is certain. &nbsp;<strong>Source: </strong><a href=\"http://money.cnn.com/2016/07/22/investing/emerging-markets-stampede-cash-investing/index.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+rss%2Fmoney_latest+%28CNNMoney%3A+Latest+News%29\"><strong>CNN Money</strong></a> <em>Header image courtesy of </em><a href=\"http://thumb1.shutterstock.com/display_pic_with_logo/175180/211804684/stock-photo-world-map-of-continents-gray-with-blue-on-dark-background-bric-region-211804684.jpg\"><em>Shutterstock</em></a> &nbsp;<a href=\"http://wlbitstars.adsrv.eacdn.com/C.ashx?btag=a_375b_181c_&amp;affid=267&amp;siteid=375&amp;adid=181&amp;c=\">&nbsp;&nbsp;</a>&nbsp;&nbsp;&nbsp;&nbsp;16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>\n<h2>Published by</h2>\n<p>&nbsp;&nbsp;&nbsp;</p>\n<h3>JP Buntinx</h3>\n<p>\t\t\tJP is working hard to bring more credibility to the Bitcoin and &nbsp;blockchain news industry. Outside of being Europe Editor at Newsbtc, JP &nbsp;is also an active writer for the website, and does not shy away from &nbsp;letting his opinion be heard.\t\t\t<a href=\"http://www.newsbtc.com/author/jp-buntinx/\"> \t\t\t\tView all posts by JP Buntinx\t\t\t</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>\n<h3>source: http://www.newsbtc.com/2016/07/23/cash-inflow-emerging-markets-can-positive-bitcoin/</h3>\n</html>",
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      "body": "Hi! I am a content-detection robot. This post is to help manual curators; I have NOT flagged you.\nHere is similar content:\nhttp://www.altcointoday.com/experts-skeptical-of-new-digital-currency-steems-economy/\nNOTE: I am too dumb to tell if you are the author, so ensure you have proper verification in your post for human curators to check!",
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      "body": "<html>\n<p>&nbsp;&nbsp;<a href=\"http://www.coindesk.com/author/charles-bovaird/\">Charles Bovaird</a> | Published on July 23, 2016 at 14:32 BST News &nbsp;&nbsp;&nbsp;</p>\n<p>While &nbsp;steem recently became the third-largest digital currency as measured by &nbsp;market capitalization, surpassing $400 million this month, some market &nbsp;experts are skeptical of steem and have expressed doubts about its &nbsp;economics. The digital currency’s market capitalization surged in July, rising &nbsp;more than 2,000% from $17.9M to $411.9M between 04:14 UTC on 6th July &nbsp;and the same time on 20th July, CoinMarketCap figures reveal. The &nbsp;digital currency’s price climbed more than 1,800% during this period, &nbsp;increasing from $0.24 to $4.63. For those new to the digital currency, users can obtain steem by <a href=\"http://www.marketwatch.com/story/new-digital-currency-sees-2000-price-rise-in-a-week-2016-07-15\">posting content</a> &nbsp;on social media platform named Steemit. When users publish popular &nbsp;content, as measured by upvotes, they receive steem tokens. By &nbsp;developing such a platform, Steemit’s creators have stated that they &nbsp;want to allow users to receive a reward for the content they create. \"The concept itself is interesting, it is a Reddit and Quora mashup &nbsp;with a strong monetary incentive to produce good quality content,\" Joe &nbsp;Lee, co-founder and CIO of digital currency trading platform Magnr, told &nbsp;CoinDesk. \"Whether steem succeeds as a digital currency will be more a &nbsp;reflection of Steemit’s success as a platform as opposed to the &nbsp;economics of the coin itself. This is a good example of a digital &nbsp;currency whose value will be closely affiliated to its utilitarian value &nbsp;as a social networking and sharing platform.\"&nbsp;</p>\n<h2>Market Observers Skeptical</h2>\n<p>While Lee offered some positive remarks about both the digital &nbsp;currency and its underlying social media platform, several market &nbsp;observers quickly voiced their doubts. “I’m skeptical about &nbsp;'appcoins'/'appchains,' and Steem is very much one,” stated algorithmic &nbsp;trader Jacob Eliosoff. \"It’s great to set up a site that rewards upvoted content,\" he noted. &nbsp;However, doing so is \"borderline illegal\" unless it is done very &nbsp;carefully. Past that, he asked why the platform needs a new currency, &nbsp;instead of using an existing digital currency like bitcoin or ether. Eliosoff also expressed concerns about steem’s use of a dollar peg, which <a href=\"https://ark-invest.com/\">ARK Invest</a>’s &nbsp;Chris Burniske described as being made possible through the use of a &nbsp;decentralized marketplace which sets interest rates that in turn \"keep &nbsp;steem dollars properly pegged to the U.S. dollar.\" \"Real dollar pegs are very expensive,\" said Eliosoff, adding that \"to &nbsp;my knowledge no (or next to no) cryptocoins have pulled one off.\"&nbsp;</p>\n<h2>Potential Scam</h2>\n<p>Some market observers expressed their concerns that steem in and of &nbsp;itself might be either a pump and dump scam or a Ponzi scheme. \"My first impression is that it is a 'pump and dump' crypto where &nbsp;accumulators (founders, early adopters) will be looking to cash out on a &nbsp;major pump in price (distribution),” stated Petar Zivkovski, director &nbsp;of operations for full-service bitcoin trading platform <a href=\"https://www.whaleclub.co/\">Whaleclub</a>. \"Whether it survives longer term remains to be proven.\" Kong Gao, overseas marketing manager for bitcoin trader Richfund, &nbsp;provided similar concerns about steem. \"Most of the articles on Steemit &nbsp;are promoting steem, which makes it seem like a variation of a Ponzi &nbsp;[scheme]. Furthermore, it is the same group of people behind Bitshares.\" &nbsp;As a result, \"I don’t think it is sustainable and I don't take it &nbsp;seriously. I've also spoken with a couple of serious altcoin traders in &nbsp;China” and they have their doubts as well. Eliosoff reiterated Gao's point that steem might be a Ponzi scheme, &nbsp;predicting that the digital currency \"will grow and grow until there are &nbsp;no fresh users to suck in and then quickly collapse,\" a situation he &nbsp;described as being \"the Ponzi way.\"&nbsp;</p>\n<h2>Steem Power</h2>\n<p>The creators of Steemit have responded to criticisms like these, &nbsp;emphasizing that they have built certain safeguards into the system to &nbsp;provide users with greater incentive to hold on to their steem tokens. &nbsp;One such feature is Steem Power. \"Because Steem wants to encourage long-term growth, it is hardwired &nbsp;to allocate nine steem to Steem Power (SP) stakeholders for every one &nbsp;steem it creates to fund growth through contribution incentives,\" the &nbsp;steem <a href=\"https://steem.io/SteemWhitePaper.pdf\">whitepaper</a> &nbsp;stated. \"Over time this drives the ratio of the total Steem value of &nbsp;Steem Power balances to the total of steem balances toward nine-to-one.\" \"Long-term holders are almost completely protected from the dilution &nbsp;used to fund growth\" as a result of this setup, the white paper &nbsp;continues. Past that, the \"Steem power can only be converted back to &nbsp;steem over two years via 104 equal payments.\" Burniske spoke to the benefits of Steem Power, telling CoinDesk it &nbsp;could help provide the digital currency with the stability it needs. \"Locking people into Steem Power for 2 years is a good way to secure &nbsp;long term capital commitment that will help the platform retain a steady &nbsp;base, hopefully giving it the runway it needs to establish sustainable &nbsp;user and developer network effects,\" he stated. \"This is an interesting &nbsp;neutralizer to the 'burn fast, burn bright' that we often see with new &nbsp;cryptocurrency platforms.\" While steem’s innovative approach has helped it rise above the vast &nbsp;majority of crytocurrencies and become the third-largest in terms of &nbsp;market capitalization, only time will tell whether its business model &nbsp;will be sustainable. Until that point, the digital currency will &nbsp;probably not lack for attention, as many market observers will be taking &nbsp;a closer look at steem to see whether its approach is sustainable. <a href=\"http://www.shutterstock.com/cat.mhtml?lang=en&amp;language=en&amp;ref_site=photo&amp;search_source=search_form&amp;version=llv1&amp;anyorall=all&amp;safesearch=1&amp;use_local_boost=1&amp;autocomplete_id=&amp;search_tracking_id=RLG7ZfnTCVWmNUEOVDBfkQ&amp;searchterm=steam%20gauge&amp;show_color_wheel=1&amp;orient=&amp;commercial_ok=&amp;media_type=images&amp;search_cat=&amp;searchtermx=&amp;photographer_name=&amp;people_gender=&amp;people_age=&amp;people_ethnicity=&amp;people_number=&amp;color=&amp;page=1&amp;inline=51817135\"><em>Steam gauges</em></a><em> image via shutterstock</em> <a href=\"http://www.coindesk.com/tag/steem/\">steem</a>&nbsp;</p>\n<p><br></p>\n<p>source: http://www.coindesk.com/steem-provokes-doubt-market-observers/</p>\n</html>",
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      "body": "<html>\n<p>&nbsp;Thomson Reuters is sponsoring this Ethereum focused event with prizes for improving security and contracts.</p>\n<p><a href=\"https://www.cryptocoinsnews.com/hackethon-bring-data-analytics-smart-contracts/\">HackETHon</a></p>\n<p><br></p>\n<p><br></p>\n<p><br></p>\n<p><br></p>\n</html>",
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