VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS93.01%
Net Worth
11.181USD
STEEM
5.000STEEM
SBD
21.360SBD
Own SP
6.878SP
Detailed Balance
| STEEM | ||
| balance | 5.000STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 6.878SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 0.000SP | SP |
| Effective Power | 6.878SP | SP |
| Reward SP (pending) | 2.286SP | SP |
| SBD | ||
| sbd_balance | 18.038SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 3.322SBD | SBD |
{
"balance": "5.000 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "11200.365406 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "0.000000 VESTS",
"sbd_balance": "18.038 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "3.322 SBD",
"conversions": []
}Account Info
| name | roc |
| id | 55901 |
| rank | 176,250 |
| reputation | 35301522349 |
| created | 2016-08-11T00:39:51 |
| recovery_account | steem |
| proxy | None |
| post_count | 12 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2018-01-11T00:46:24 |
| last_root_post | 2018-01-11T00:46:24 |
| last_vote_time | 2018-01-11T00:46:24 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 9,800 |
| delayed_votes | 0 |
| balance | 5.000 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 18.038 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 11200.365406 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 0.000000 VESTS |
| reward_vesting_balance | 4713.119176 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 1970-01-01T00:00:00 |
| mined | No |
| sbd_seconds | 7,514,729,208 |
| sbd_last_interest_payment | 2018-05-13T22:01:36 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"id": 55901,
"name": "roc",
"owner": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM5tdddLdT3aY2WJeAdZxz1v3nkD4XizUvyMRoUFqdbubgsDLxRC",
1
]
]
},
"active": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM5HedvJ4UiEFN1ckntY27hheoa4ArbrBNDApmGmJP6sT9Nk6uD2",
1
]
]
},
"posting": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM66dZ9zFpKP7rzgKbU5ydPqZBXiEuv9MQpQtkbqqXXmXGYnzEuv",
1
]
]
},
"memo_key": "STM6pbctnDKrf1i1hHtRKLrL5MxNTwY8jwkrFhxCKhc3F1y2cpm8n",
"json_metadata": "",
"posting_json_metadata": "",
"proxy": "",
"last_owner_update": "1970-01-01T00:00:00",
"last_account_update": "1970-01-01T00:00:00",
"created": "2016-08-11T00:39:51",
"mined": false,
"recovery_account": "steem",
"last_account_recovery": "1970-01-01T00:00:00",
"reset_account": "null",
"comment_count": 0,
"lifetime_vote_count": 0,
"post_count": 12,
"can_vote": true,
"voting_manabar": {
"current_mana": 9800,
"last_update_time": 1515631584
},
"downvote_manabar": {
"current_mana": 0,
"last_update_time": 1470875991
},
"voting_power": 9800,
"balance": "5.000 STEEM",
"savings_balance": "0.000 STEEM",
"sbd_balance": "18.038 SBD",
"sbd_seconds": "7514729208",
"sbd_seconds_last_update": "2018-05-19T16:50:12",
"sbd_last_interest_payment": "2018-05-13T22:01:36",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"reward_sbd_balance": "3.322 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "4713.119176 VESTS",
"reward_vesting_steem": "2.286 STEEM",
"vesting_shares": "11200.365406 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "0.000000 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"withdrawn": 0,
"to_withdraw": 0,
"withdraw_routes": 0,
"curation_rewards": 0,
"posting_rewards": 4653,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"witnesses_voted_for": 0,
"last_post": "2018-01-11T00:46:24",
"last_root_post": "2018-01-11T00:46:24",
"last_vote_time": "2018-01-11T00:46:24",
"post_bandwidth": 0,
"pending_claimed_accounts": 0,
"vesting_balance": "0.000 STEEM",
"reputation": "35301522349",
"transfer_history": [],
"market_history": [],
"post_history": [],
"vote_history": [],
"other_history": [],
"witness_votes": [],
"tags_usage": [],
"guest_bloggers": [],
"rank": 176250
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
2019/08/11 02:05:39
2019/08/11 02:05:39
| parent author | roc |
| parent permlink | moxyone-revolutionizing-the-world-of-money |
| author | steemitboard |
| permlink | steemitboard-notify-roc-20190811t020539000z |
| title | |
| body | Congratulations @roc! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@roc/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@roc) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=roc)_</sub> ###### [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"]} |
| Transaction Info | Block #35446292/Trx a54b1ab784dae3f5d0fcbf207225e713470a9cd5 |
View Raw JSON Data
{
"trx_id": "a54b1ab784dae3f5d0fcbf207225e713470a9cd5",
"block": 35446292,
"trx_in_block": 16,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2019-08-11T02:05:39",
"op": [
"comment",
{
"parent_author": "roc",
"parent_permlink": "moxyone-revolutionizing-the-world-of-money",
"author": "steemitboard",
"permlink": "steemitboard-notify-roc-20190811t020539000z",
"title": "",
"body": "Congratulations @roc! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@roc/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@roc) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=roc)_</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\"]}"
}
]
}2018/05/19 23:41:09
2018/05/19 23:41:09
| parent author | roc |
| parent permlink | re-scalextrix-re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t230619759z |
| author | hasan5532 |
| permlink | re-roc-re-scalextrix-re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20180519t234105869z |
| title | |
| body | Hello roc i gave you 3 sbd in my mistack please reternt me my 3 sbd. When i invest in rocky1 then invested in roc . Please reternt to me 3 sbd. hasan5532 |
| json metadata | {"tags":["supercomputer"],"app":"steemit/0.1"} |
| Transaction Info | Block #22580307/Trx e79820543cf3b8a39a052c4a9bfdbb5cf67d3ae3 |
View Raw JSON Data
{
"trx_id": "e79820543cf3b8a39a052c4a9bfdbb5cf67d3ae3",
"block": 22580307,
"trx_in_block": 10,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-05-19T23:41:09",
"op": [
"comment",
{
"parent_author": "roc",
"parent_permlink": "re-scalextrix-re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t230619759z",
"author": "hasan5532",
"permlink": "re-roc-re-scalextrix-re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20180519t234105869z",
"title": "",
"body": "Hello roc i gave you 3 sbd in my mistack please reternt me my 3 sbd. \n\nWhen i invest in rocky1 then invested in roc . Please reternt to me 3 sbd. \n\nhasan5532",
"json_metadata": "{\"tags\":[\"supercomputer\"],\"app\":\"steemit/0.1\"}"
}
]
}2018/05/19 16:50:12
2018/05/19 16:50:12
| from | hasan5532 |
| to | roc |
| amount | 3.000 SBD |
| memo | https://steemit.com/about/@hasan5532/how-to-know-about-the-steemit-in-details |
| Transaction Info | Block #22572089/Trx dd627f6ee2ed460f9dad970d899b2cf12aa6e2ca |
View Raw JSON Data
{
"trx_id": "dd627f6ee2ed460f9dad970d899b2cf12aa6e2ca",
"block": 22572089,
"trx_in_block": 28,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-05-19T16:50:12",
"op": [
"transfer",
{
"from": "hasan5532",
"to": "roc",
"amount": "3.000 SBD",
"memo": "https://steemit.com/about/@hasan5532/how-to-know-about-the-steemit-in-details"
}
]
}2018/05/14 04:10:09
2018/05/14 04:10:09
| parent author | roc |
| parent permlink | moxyone-revolutionizing-the-world-of-money |
| author | johndoer123 |
| permlink | re-roc-moxyone-revolutionizing-the-world-of-money-20180514t041006799z |
| title | |
| body | My dear friend I accidentally sent you 15 SBD.😁 If you could return it, if you ever come back that would be great. If not, I understand, and hope it serves you well. I wish you a great day. And send all my love your way! |
| json metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| Transaction Info | Block #22412914/Trx d101a48b7d9d4650cd46a93ff71abfc38721c4d6 |
View Raw JSON Data
{
"trx_id": "d101a48b7d9d4650cd46a93ff71abfc38721c4d6",
"block": 22412914,
"trx_in_block": 34,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-05-14T04:10:09",
"op": [
"comment",
{
"parent_author": "roc",
"parent_permlink": "moxyone-revolutionizing-the-world-of-money",
"author": "johndoer123",
"permlink": "re-roc-moxyone-revolutionizing-the-world-of-money-20180514t041006799z",
"title": "",
"body": "My dear friend I accidentally sent you 15 SBD.😁 If you could return it, if you ever come back that would be great. If not, I understand, and hope it serves you well. I wish you a great day. And send all my love your way!",
"json_metadata": "{\"tags\":[\"bitcoin\"],\"app\":\"steemit/0.1\"}"
}
]
}johndoer123sent 15.000 SBD to @roc- "https://steemit.com/reward/@johndoer123/what-was-my-son-thinking-reveal"2018/05/13 22:01:36
johndoer123sent 15.000 SBD to @roc- "https://steemit.com/reward/@johndoer123/what-was-my-son-thinking-reveal"
2018/05/13 22:01:36
| from | johndoer123 |
| to | roc |
| amount | 15.000 SBD |
| memo | https://steemit.com/reward/@johndoer123/what-was-my-son-thinking-reveal |
| Transaction Info | Block #22405544/Trx 6d734219ee51c48ce26fccecd2d0bb76d7eef992 |
View Raw JSON Data
{
"trx_id": "6d734219ee51c48ce26fccecd2d0bb76d7eef992",
"block": 22405544,
"trx_in_block": 10,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-05-13T22:01:36",
"op": [
"transfer",
{
"from": "johndoer123",
"to": "roc",
"amount": "15.000 SBD",
"memo": "https://steemit.com/reward/@johndoer123/what-was-my-son-thinking-reveal"
}
]
}forever-galasent 5.000 STEEM to @roc- "https://steemit.com/sport/@forever-gala/my-little-champion-c0ee9799629b1"2018/04/02 06:09:54
forever-galasent 5.000 STEEM to @roc- "https://steemit.com/sport/@forever-gala/my-little-champion-c0ee9799629b1"
2018/04/02 06:09:54
| from | forever-gala |
| to | roc |
| amount | 5.000 STEEM |
| memo | https://steemit.com/sport/@forever-gala/my-little-champion-c0ee9799629b1 |
| Transaction Info | Block #21206569/Trx 8a930149554e0c9c98da6e79ced521f190e1b4e9 |
View Raw JSON Data
{
"trx_id": "8a930149554e0c9c98da6e79ced521f190e1b4e9",
"block": 21206569,
"trx_in_block": 41,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-04-02T06:09:54",
"op": [
"transfer",
{
"from": "forever-gala",
"to": "roc",
"amount": "5.000 STEEM",
"memo": "https://steemit.com/sport/@forever-gala/my-little-champion-c0ee9799629b1"
}
]
}morbid777upvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2018/02/08 23:56:36
morbid777upvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2018/02/08 23:56:36
| voter | morbid777 |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 10000 (100.00%) |
| Transaction Info | Block #19703408/Trx 237e564140f5e7cc5994844ccafc28ceb318de43 |
View Raw JSON Data
{
"trx_id": "237e564140f5e7cc5994844ccafc28ceb318de43",
"block": 19703408,
"trx_in_block": 7,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-02-08T23:56:36",
"op": [
"vote",
{
"voter": "morbid777",
"author": "roc",
"permlink": "supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel",
"weight": 10000
}
]
}2018/02/08 23:56:21
2018/02/08 23:56:21
| voter | morbid777 |
| author | roc |
| permlink | re-scalextrix-re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t230619759z |
| weight | 10000 (100.00%) |
| Transaction Info | Block #19703403/Trx a635daf9e437fcea5a5663eab05d044990648abc |
View Raw JSON Data
{
"trx_id": "a635daf9e437fcea5a5663eab05d044990648abc",
"block": 19703403,
"trx_in_block": 28,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-02-08T23:56:21",
"op": [
"vote",
{
"voter": "morbid777",
"author": "roc",
"permlink": "re-scalextrix-re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t230619759z",
"weight": 10000
}
]
}2018/01/27 01:15:06
2018/01/27 01:15:06
| voter | belatucadros |
| author | roc |
| permlink | re-meysam-how-to-mine-dgb-step-by-step-tutorial-with-all-needed-commands-20170521t233603591z |
| weight | 10000 (100.00%) |
| Transaction Info | Block #19331189/Trx e4166d77ddaf7c174f8ecb48712bd4c3823cf6fa |
View Raw JSON Data
{
"trx_id": "e4166d77ddaf7c174f8ecb48712bd4c3823cf6fa",
"block": 19331189,
"trx_in_block": 27,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-01-27T01:15:06",
"op": [
"vote",
{
"voter": "belatucadros",
"author": "roc",
"permlink": "re-meysam-how-to-mine-dgb-step-by-step-tutorial-with-all-needed-commands-20170521t233603591z",
"weight": 10000
}
]
}2018/01/23 19:20:06
2018/01/23 19:20:06
| parent author | roc |
| parent permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| author | orizon |
| permlink | re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20180123t192001675z |
| title | |
| body | Sure, spending your life savings on GOLEM might have been the best thing you’ve EVER done… But you made the bought GNT, you did it with one thing in mind… SHOOTING FOR THE MOON. GNT has that 10X factor, which you will have to when you wear this shirt in public. You will get the attention of others HODLing GNT, and their girlfriends. This comfy 100% cotton shirt can be shipped out in a few days. Check - https://shirtspice.com/collections/cryptocurrency-t-shirts/products/golem-boom-to-the-moon-shirt |
| json metadata | {"tags":["supercomputer"],"links":["https://shirtspice.com/collections/cryptocurrency-t-shirts/products/golem-boom-to-the-moon-shirt"],"app":"steemit/0.1"} |
| Transaction Info | Block #19237738/Trx e36d077aac21e5c09b9d9b84afae59d845379d5e |
View Raw JSON Data
{
"trx_id": "e36d077aac21e5c09b9d9b84afae59d845379d5e",
"block": 19237738,
"trx_in_block": 8,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-01-23T19:20:06",
"op": [
"comment",
{
"parent_author": "roc",
"parent_permlink": "supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel",
"author": "orizon",
"permlink": "re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20180123t192001675z",
"title": "",
"body": "Sure, spending your life savings on GOLEM might have been the best thing you’ve EVER done…\n\nBut you made the bought GNT, you did it with one thing in mind… SHOOTING FOR THE MOON.\nGNT has that 10X factor, which you will have to when you wear this shirt in public. You will get the attention of others HODLing GNT, and their girlfriends.\n\nThis comfy 100% cotton shirt can be shipped out in a few days.\n\nCheck - https://shirtspice.com/collections/cryptocurrency-t-shirts/products/golem-boom-to-the-moon-shirt",
"json_metadata": "{\"tags\":[\"supercomputer\"],\"links\":[\"https://shirtspice.com/collections/cryptocurrency-t-shirts/products/golem-boom-to-the-moon-shirt\"],\"app\":\"steemit/0.1\"}"
}
]
}abbasmhdupvoted (100.00%) @roc / moxyone-revolutionizing-the-world-of-money2018/01/13 11:28:48
abbasmhdupvoted (100.00%) @roc / moxyone-revolutionizing-the-world-of-money
2018/01/13 11:28:48
| voter | abbasmhd |
| author | roc |
| permlink | moxyone-revolutionizing-the-world-of-money |
| weight | 10000 (100.00%) |
| Transaction Info | Block #18940465/Trx ad8f3cacc35d8db21f9be829ed86217046ec3b07 |
View Raw JSON Data
{
"trx_id": "ad8f3cacc35d8db21f9be829ed86217046ec3b07",
"block": 18940465,
"trx_in_block": 10,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-01-13T11:28:48",
"op": [
"vote",
{
"voter": "abbasmhd",
"author": "roc",
"permlink": "moxyone-revolutionizing-the-world-of-money",
"weight": 10000
}
]
}2018/01/11 00:47:48
2018/01/11 00:47:48
| parent author | roc |
| parent permlink | moxyone-revolutionizing-the-world-of-money |
| author | arthursen |
| permlink | re-roc-moxyone-revolutionizing-the-world-of-money-20180111t004748617z |
| title | |
| body | Excellent report, thank you for writing this. |
| json metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| Transaction Info | Block #18870131/Trx b2c7564d66f78df8c562b66a584905f7552ae249 |
View Raw JSON Data
{
"trx_id": "b2c7564d66f78df8c562b66a584905f7552ae249",
"block": 18870131,
"trx_in_block": 15,
"op_in_trx": 0,
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"timestamp": "2018-01-11T00:47:48",
"op": [
"comment",
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"body": "Excellent report, thank you for writing this.",
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}rocupvoted (100.00%) @roc / moxyone-revolutionizing-the-world-of-money2018/01/11 00:46:24
rocupvoted (100.00%) @roc / moxyone-revolutionizing-the-world-of-money
2018/01/11 00:46:24
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}rocpublished a new post: moxyone-revolutionizing-the-world-of-money2018/01/11 00:46:24
rocpublished a new post: moxyone-revolutionizing-the-world-of-money
2018/01/11 00:46:24
| parent author | |
| parent permlink | bitcoin |
| author | roc |
| permlink | moxyone-revolutionizing-the-world-of-money |
| title | MoxyOne: Revolutionizing the World of Money |
| body | **This up-and-coming cryptocurrency system is making tokens more practical in the retailing space. But the implications are even more profound and extend to geopolitics.** We already live in a world of digital money. We pay for parking on our smart phones, we check out at Whole Foods with Apple Pay and we send up to $10,000 across borders for free. But in many ways, money is still stuck in the archaic notion of paper currency. Cryptocurrency is leapfrogging money into the 21st century. One cryptocurrency firm stands out: the appropriately named MoxyOne. Small tech companies seem to have developed a risky and complicated reputation. The tech boom in the late 1990s and subsequent bust at the turn of the century soured the sector’s allure; investors willing to buy almost any Nasdaq listed stock in 1999 were totally disillusioned just a few years later after the “dot bomb” collapse. That was then; this is now. Initial Coin Offerings (ICO) are accelerating in numbers and the trend shows no signs of abating. Scores of companies are raising development and operational capital through issuing company specific tokens in return for liquid cryptocurrencies. Think Bitcoin and its second closest competitor, Ethereum. The total market capitalization of the cryptocurrency market hovers at about $660 billion. That represents amazing growth, when you consider that the forerunner, Bitcoin was founded in 2009, at the nadir of the Great Recession. This exponential appreciation occurred in less than 10 years. You might wonder how Bitcoin and Ethereum compare with each other. One difference is that Ethereum is more welcoming. The algorithms are somewhat simpler for adding new tokens and for recording transactions. Moreover, Ethereum can accommodate tokens other than ETH. The trade-off is that Ethereum is less secure than Bitcoin. To really understand why requires expertise in computer science, but the basic explanation is that to successfully add to the blockchain in Ethereum you only have to prove you are part of the Ethereum network. Adding to the Bitcoin blockchain requires solving a difficult computer problem that is validated by others in the network, a much more demanding task. But here’s the real crux of the issue that vexes cryptocurrency adherents: only the most liquid and established currencies can be used in real-world transactions. Only a small number of retailers around the world accept Bitcoin, Ethereum and its peers. True, the number of establishments accepting these tokens is rising, but it’s still a scant minority. The upshot: most of these coins can’t be used for normal consumer transactions. Sure, techno-geeks trade them back and forth for various discrete tasks but cryptocurrency remains an abstraction to most shoppers. ### Real Uses in the Real World A fast-rising company called MoxyOne has the answer to this problem. It’s an answer that neither Bitcoin nor Ethereum can provide. MoxyOne is on the verge of launching its own ICO. The company will use the funds raised in the offering to develop a secure payment infrastructure via debit card for every company, project, and ICO that issues cryptocurrency tokens. The company has invented a “digital wallet” and financial transaction system that’s integrated with a mobile device application. This wallet allows users to make payments at millions of points of sale around the world. The company’s token is called SPEND. Combined with the wallet and token, users can execute fast transactions anywhere debit and credit cards are accepted, by using a physical debit card or a mobile device. MoxyOne’s instant access debit card allows any MoxyOne user to spend tokens held in their wallet as fiat in most countries around the world. Fees are low, transactions fast. By using the MoxyOne wallet app, users can choose a default among the tokens that they hold. This enables the debit card holder to make purchases with the chosen cryptocurrency and gives the user total flexibility. The MoxyOne system is unique in the cryptocurrency realm. Let’s break down how it works. The system entails Just In Time Funding (JITF), a protocol that enables nearly instantaneous conversion of a token to the indigenous fiat currency at the retail point of sale. Another crucial element is a liquidity provider, the party that buys the tokens from the individual and consequently facilitates the JITF transaction. In return, these liquidity providers receive the full amount of tokens from MoxyOne. As their fee for assisting the transaction, they also receive extra tokens. When the tokens are received, the liquidity provider refunds MoxyOne for the purchase total. The solution is elegant. When the retail merchant finally receives the funds of the transaction, **they are denominated in the fiat of that particular locale**. In other words, skeptical retailers needn’t be convinced of the validity of cryptocurrency. They don’t need to acquiesce to receiving digital tokens. The conversion occurs behind the scenes, without their involvement. **All they experience is payment in full by the local “real” currency.** The funds are debited from the users account with MoxyOne; the merchant gets paid in the local fiat; and the transaction is recorded on a tightly secure blockchain. This ingenious system is intended to work with SPEND, but the company is ambitious and has devised a way to spread this technology beyond the confines of its own token. MoxyOne is “white-labeling” the system to allow it to integrate with any other cryptocurrency. Companies that would rather trade in cryptocurrencies will be able to use the MoxyOne system to enable their users to make digital currency transactions. Any company, project or ICO can white label the MoxyOne system to provide their users with a company issued and “branded” debit card. Corporate partners that seek to issue their own branded, white-labeled debit card for their token holders can simply do so via the MoxyOne “business dashboard.” Businesses can register with MoxyOne as an organization and begin using the company’s infrastructure and self-serve dashboard to set up secure debit card functionality for their users. Instead of building an infrastructure from scratch, participating companies can adopt MoxyOne’s application program interfaces (APIs) to integrate their token directly into their own customized debit cards. This white label capability will fuel faster and wider adoption of cryptocurrency around the world. It should provide a shot of steroids for a technology that’s already on the fast track for growth. As we’ll explain, this technology also has ramifications for the global balance of power. It could decide which nation achieves primacy in the 21st century. ### Upending the Monetary System MoxyOne’s technology is in the vanguard of cryptocurrency and that’s a big deal not just for users but also for geopolitical reasons. You haven’t read much about it in the mainstream press, but cryptocurrency could be on the verge of upending the world monetary system. Let’s turn to the world’s second-largest economy — China. China recently banned cryptocurrency trading, including the trading of Bitcoin. Yet the government continues to encourage highly skilled computer professionals to “mine” Bitcoin (which are still traded in other countries). China, with its large pool of skilled programmers and its abundance of cheap energy, carries out 70%-80% of the world’s Bitcoin mining. This is all very puzzling, on the surface. Let’s dig deeper. Why would China say “yes” to Bitcoin mining and “no” to Bitcoin trading? Especially since tremendous amounts of energy get consumed in the process? At the current rate, by the end of the decade China will likely be using the equivalent of close to half a million barrels of oil a day simply for Bitcoin and blockchain transactions. That’s a lot of energy for something you don’t approve of. But China, as always, is looking ahead and seeing the big picture. In encouraging cryptocurrency mining, it could be laying the groundwork to create a blockchain to manage a new digital currency, one that ultimately will take over from the gold-backed yuan. That’s a very big deal. In 2009, during the global financial crisis, China’s policymakers started to argue against the use of any fiat currency, not just the U.S. dollar, as a reserve currency. China came up with an alternative, and it’s one that would work out extremely well for China. That alternative: a basket of currencies similar with gold as an additional component. Keeping track of the constant fluctuations among these currencies and gold, though, would be incredibly complicated. That’s where blockchains come in. These exceptionally complex digital entities almost certainly would be essential to keep the system working. Gold, meanwhile, because of its special role in the basket of currencies, would soar. And China, with its large stores of gold and its blockchain skills, would end up first among equals. Blockchain development is part and parcel of Red China, Inc.’s plans to supersede the United States as an economic super power. That’s heady stuff. That’s why China continues to devote enormous resources to blockchain development, the underlying infrastructure of cryptocurrency. MoxyOne is advancing the blockchain industry by creating seamless and secure debit card and payment infrastructure for a wide range of users of cryptocurrency tokens. The company has tapped into one of the biggest trends you can find. As China is showing the world, blockchains have other uses. They let businesses store encrypted data in a ledger. Blockchains are used in finance, supply chains, and data storage. This gives MoxyOne future prospects in commerce that are only limited by human imagination. MoxyOne’s endeavors are part of a larger trend that will change the financial world as we know it. |
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"body": "**This up-and-coming cryptocurrency system is making tokens more practical in the retailing space. But the implications are even more profound and extend to geopolitics.**\n\nWe already live in a world of digital money.\n\nWe pay for parking on our smart phones, we check out at Whole Foods with Apple Pay and we send up to $10,000 across borders for free. But in many ways, money is still stuck in the archaic notion of paper currency.\n\nCryptocurrency is leapfrogging money into the 21st century. One cryptocurrency firm stands out: the appropriately named MoxyOne.\n\nSmall tech companies seem to have developed a risky and complicated reputation. The tech boom in the late 1990s and subsequent bust at the turn of the century soured the sector’s allure; investors willing to buy almost any Nasdaq listed stock in 1999 were totally disillusioned just a few years later after the “dot bomb” collapse.\n\nThat was then; this is now. Initial Coin Offerings (ICO) are accelerating in numbers and the trend shows no signs of abating. Scores of companies are raising development and operational capital through issuing company specific tokens in return for liquid cryptocurrencies. Think Bitcoin and its second closest competitor, Ethereum.\n\nThe total market capitalization of the cryptocurrency market hovers at about $660 billion. That represents amazing growth, when you consider that the forerunner, Bitcoin was founded in 2009, at the nadir of the Great Recession. This exponential appreciation occurred in less than 10 years.\n\nYou might wonder how Bitcoin and Ethereum compare with each other. One difference is that Ethereum is more welcoming. The algorithms are somewhat simpler for adding new tokens and for recording transactions. Moreover, Ethereum can accommodate tokens other than ETH.\n\nThe trade-off is that Ethereum is less secure than Bitcoin. To really understand why requires expertise in computer science, but the basic explanation is that to successfully add to the blockchain in Ethereum you only have to prove you are part of the Ethereum network.\n\nAdding to the Bitcoin blockchain requires solving a difficult computer problem that is validated by others in the network, a much more demanding task. \n\nBut here’s the real crux of the issue that vexes cryptocurrency adherents: only the most liquid and established currencies can be used in real-world transactions. Only a small number of retailers around the world accept Bitcoin, Ethereum and its peers.\n\nTrue, the number of establishments accepting these tokens is rising, but it’s still a scant minority. The upshot: most of these coins can’t be used for normal consumer transactions. Sure, techno-geeks trade them back and forth for various discrete tasks but cryptocurrency remains an abstraction to most shoppers.\n\n### Real Uses in the Real World\n\nA fast-rising company called MoxyOne has the answer to this problem. It’s an answer that neither Bitcoin nor Ethereum can provide.\n\nMoxyOne is on the verge of launching its own ICO. The company will use the funds raised in the offering to develop a secure payment infrastructure via debit card for every company, project, and ICO that issues cryptocurrency tokens.\n\nThe company has invented a “digital wallet” and financial transaction system that’s integrated with a mobile device application. This wallet allows users to make payments at millions of points of sale around the world. The company’s token is called SPEND. Combined with the wallet and token, users can execute fast transactions anywhere debit and credit cards are accepted, by using a physical debit card or a mobile device.\n\nMoxyOne’s instant access debit card allows any MoxyOne user to spend tokens held in their wallet as fiat in most countries around the world. Fees are low, transactions fast. \n\nBy using the MoxyOne wallet app, users can choose a default among the tokens that they hold. This enables the debit card holder to make purchases with the chosen cryptocurrency and gives the user total flexibility.\n\nThe MoxyOne system is unique in the cryptocurrency realm. Let’s break down how it works.\n\nThe system entails Just In Time Funding (JITF), a protocol that enables nearly instantaneous conversion of a token to the indigenous fiat currency at the retail point of sale.\n\nAnother crucial element is a liquidity provider, the party that buys the tokens from the individual and consequently facilitates the JITF transaction. In return, these liquidity providers receive the full amount of tokens from MoxyOne. As their fee for assisting the transaction, they also receive extra tokens. When the tokens are received, the liquidity provider refunds MoxyOne for the purchase total.\n\nThe solution is elegant. When the retail merchant finally receives the funds of the transaction, **they are denominated in the fiat of that particular locale**. In other words, skeptical retailers needn’t be convinced of the validity of cryptocurrency. They don’t need to acquiesce to receiving digital tokens. The conversion occurs behind the scenes, without their involvement. **All they experience is payment in full by the local “real” currency.**\n\nThe funds are debited from the users account with MoxyOne; the merchant gets paid in the local fiat; and the transaction is recorded on a tightly secure blockchain.\n\nThis ingenious system is intended to work with SPEND, but the company is ambitious and has devised a way to spread this technology beyond the confines of its own token. MoxyOne is “white-labeling” the system to allow it to integrate with any other cryptocurrency.\n\nCompanies that would rather trade in cryptocurrencies will be able to use the MoxyOne system to enable their users to make digital currency transactions. Any company, project or ICO can white label the MoxyOne system to provide their users with a company issued and “branded” debit card.\n\nCorporate partners that seek to issue their own branded, white-labeled debit card for their token holders can simply do so via the MoxyOne “business dashboard.” Businesses can register with MoxyOne as an organization and begin using the company’s infrastructure and self-serve dashboard to set up secure debit card functionality for their users.\n\nInstead of building an infrastructure from scratch, participating companies can adopt MoxyOne’s application program interfaces (APIs) to integrate their token directly into their own customized debit cards. \n\nThis white label capability will fuel faster and wider adoption of cryptocurrency around the world. It should provide a shot of steroids for a technology that’s already on the fast track for growth. As we’ll explain, this technology also has ramifications for the global balance of power. It could decide which nation achieves primacy in the 21st century.\n\n### Upending the Monetary System\n\nMoxyOne’s technology is in the vanguard of cryptocurrency and that’s a big deal not just for users but also for geopolitical reasons. You haven’t read much about it in the mainstream press, but cryptocurrency could be on the verge of upending the world monetary system. \n\nLet’s turn to the world’s second-largest economy — China.\n\nChina recently banned cryptocurrency trading, including the trading of Bitcoin. Yet the government continues to encourage highly skilled computer professionals to “mine” Bitcoin (which are still traded in other countries). China, with its large pool of skilled programmers and its abundance of cheap energy, carries out 70%-80% of the world’s Bitcoin mining.\n\nThis is all very puzzling, on the surface. Let’s dig deeper.\n\nWhy would China say “yes” to Bitcoin mining and “no” to Bitcoin trading? Especially since tremendous amounts of energy get consumed in the process? At the current rate, by the end of the decade China will likely be using the equivalent of close to half a million barrels of oil a day simply for Bitcoin and blockchain transactions. That’s a lot of energy for something you don’t approve of.\n\nBut China, as always, is looking ahead and seeing the big picture. In encouraging cryptocurrency mining, it could be laying the groundwork to create a blockchain to manage a new digital currency, one that ultimately will take over from the gold-backed yuan. That’s a very big deal.\n\nIn 2009, during the global financial crisis, China’s policymakers started to argue against the use of any fiat currency, not just the U.S. dollar, as a reserve currency.\n\nChina came up with an alternative, and it’s one that would work out extremely well for China. That alternative: a basket of currencies similar with gold as an additional component.\n\nKeeping track of the constant fluctuations among these currencies and gold, though, would be incredibly complicated. That’s where blockchains come in. These exceptionally complex digital entities almost certainly would be essential to keep the system working. Gold, meanwhile, because of its special role in the basket of currencies, would soar.\n\nAnd China, with its large stores of gold and its blockchain skills, would end up first among equals. Blockchain development is part and parcel of Red China, Inc.’s plans to supersede the United States as an economic super power. That’s heady stuff.\n\nThat’s why China continues to devote enormous resources to blockchain development, the underlying infrastructure of cryptocurrency. MoxyOne is advancing the blockchain industry by creating seamless and secure debit card and payment infrastructure for a wide range of users of cryptocurrency tokens. The company has tapped into one of the biggest trends you can find.\n\nAs China is showing the world, blockchains have other uses. They let businesses store encrypted data in a ledger. Blockchains are used in finance, supply chains, and data storage. This gives MoxyOne future prospects in commerce that are only limited by human imagination.\n\nMoxyOne’s endeavors are part of a larger trend that will change the financial world as we know it.",
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2017/11/28 21:39:42
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2017/11/28 21:39:39
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| voter | bitcoinparadise |
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| voter | fivestargroup |
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}burresqupvoted (100.00%) @roc / investing-in-blockchain-technologies-the-opportunity-of-our-lifetime2017/11/15 21:01:45
burresqupvoted (100.00%) @roc / investing-in-blockchain-technologies-the-opportunity-of-our-lifetime
2017/11/15 21:01:45
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2017/11/15 21:01:39
| parent author | roc |
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| author | burresq |
| permlink | re-roc-investing-in-blockchain-technologies-the-opportunity-of-our-lifetime-20171115t210139429z |
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| body | Blockchain technology is an entirely new way to think about the storage and transfer of value. We should see many new businesses popping up to take advantage of this brand new, and very valuable, tech. |
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"body": "Blockchain technology is an entirely new way to think about the storage and transfer of value. We should see many new businesses popping up to take advantage of this brand new, and very valuable, tech.",
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}rocupvoted (100.00%) @roc / investing-in-blockchain-technologies-the-opportunity-of-our-lifetime2017/11/15 20:44:15
rocupvoted (100.00%) @roc / investing-in-blockchain-technologies-the-opportunity-of-our-lifetime
2017/11/15 20:44:15
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}rocpublished a new post: investing-in-blockchain-technologies-the-opportunity-of-our-lifetime2017/11/15 20:44:15
rocpublished a new post: investing-in-blockchain-technologies-the-opportunity-of-our-lifetime
2017/11/15 20:44:15
| parent author | |
| parent permlink | bitcoin |
| author | roc |
| permlink | investing-in-blockchain-technologies-the-opportunity-of-our-lifetime |
| title | Investing in Blockchain Technologies – The Opportunity of Our Lifetime |
| body | <center></center> # What is Blockchain? Blockchain technology is essentially a publicly distributed ledger. When transactions using this technology are completed, they are recorded on the newest "block." When a block's capacity is filled, it is added to the end of the "chain" in linear order. This way of transferring money, supplies, or other assets eliminates the need for each transaction to go through various middlemen, like brokerages, payment processors and even banks. The fewer third-parties involved in facilitating transactions, the fewer players that take a small cut. # What does It Mean to Investors? Blockchain technology is the most disruptive technology we have probably seen in our lifetime. It has the potential to be the universal, irrefutable depository of all transactions between all parties involved, whether it’s value transfer or record-keeping, it links everything to everything else. It’s about seamless trust, transparency, and efficiency. Blockchain technology has the potential to transform every industry from global shipping, prescription drugs and healthcare to automotive, aviation, manufacturing, banking, finance and even government. The age of prosperity can be found in a blockchain script. Nearly every industry will be disrupted by blockchain technology. Here are a few examples: * **FinTech**: Blockchain and cryptocurrency can resolve critical issues in the $134-trillion conventional banking industry internationally. Blockchain tackles every problem from fees for sending payments through a third party, privacy threats and security risks, even cumbersome lending practices. [That’s why large conglomerate banks have just partnered with FinTech companies to develop new blockchain technology.](http://uk.businessinsider.com/blockchain-technology-banking-finance-2017-9?r=US&IR=T) * **Freight Transport**: Blockchain technology is already being used to track global trade and shipments in a [$7-trillion industry](http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry). Since Blockchain technology enhances security and transparency, it could have a major impact on all types of supply chain transactions. Every time a product changes hands, from supplier to transport company to manufacturer to transport company to consumer, the transaction could be documented, creating a permanent history. This could dramatically reduce time delays, costs and human error that plague transactions today. * **Real Estate**: The real estate industry is also a major beneficiary of blockchain tech. Previously, transacting high value assets such as real estate exclusively through digital channels has never been the norm. Real estate transactions are often conducted offline involving face-to-face engagements with various entities. Blockchain, however, opens opportunities to improve this process. The introduction of Smart Contracts in blockchain platforms now allows assets like real estate to be tokenized and be traded like cryptocurrencies like Bitcoin and Ethereum. [Real estate wonderland Dubai is even putting its entire land registry on a block chain.](https://www.coindesk.com/dubai-land-department-launches-blockchain-real-estate-initiative/) * **Healthcare**: The global healthcare IT market alone – valued at $134 billion last year – will utilize Blockchain to improve care and efficiency. Blockchain has the potential to accelerate innovation in preventative care and community-based healthcare models. The capacity of a distributed ledger technology for ensuring data integrity while sharing information between parties ensures collaboration and security in healthcare, which is vital to the improvement of healthcare worldwide. Blockchain will simplify and align complex team-based healthcare, finance and payment for provided care. The inherent properties of cryptographic public and private key access, proof of work and distributed data, creates a new level of integrity for healthcare information. Blockchain technology also makes it easy to track a drug as it moves from the manufacturer to the patient. This improves the traceability of a drug as it moves across the supply chain and helps prevent drug counterfeiting. The opportunities are endless. # Challenges for Blockchain Investors #### Extreme Volatility Investing in cryptocurrencies involves very risk as prices have been extremely volatile. One of the most popular and shared stories is illustrated by the guy who paid for a pizza with Bitcoin back in 2010. If he had saved the Bitcoin instead of buying that pizza, today he would have a net worth of approximately $20 million. That volatility is also the opportunity. In the past several months, as we witness the massive increase in attention, demand, and volatility of cryptocurrencies, many people are jumping into digital currencies like Bitcoin, trying to make money off of quick trades. Since these cryptocurrency prices are not regulated, as more people enter the market, the prices climb ever higher. However, with such volatility in this space, one might wonder how they can invest in digital currencies when the price can heavily fluctuate in a short period of time. #### Loss of a Wallet File There’s one more problem that is typical of all cryptocurrencies: loss or theft of a wallet. Most users store their cryptocurrency wallet files on their computers. Therefore, they can be stolen due to malware or lost if the hard disk crashes. So most advanced users make hard copies of their secret key and purchase USB hardware wallets. But the number of such users is small. Conventional e-money should be used with extra security measures, such as two-factor authentication and external USB drive backups. #### Hacking When it comes to money remittance, which is the practice of sending money across borders, blockchain has made it fairly simple to remove the middlemen by copying/pasting users’ wallet addresses. But has it? A typical wallet address is a long sequence of characters. However, not every user is vigilant and double-checks an address after copying it. There is a risk of malware altering the address in the clipboard. Additionally, novices can also be tricked into visiting to a phishing website where they unknowingly upload their private keys and submit passwords. Extreme causing must be used to oneself protect in this new frontier. During an ICO, the project team usually starts the fundraising event at a specified time and closes when the required amount has been collected. The collection address is posted on the project website when it opens (it’s not necessary, just common practice). One of the infamous ICO hacks took place when the hacker(s) got access to the project website and tampered the address. The hacker stole $7 million worth of Ethereum before the company was able to halt the token sale. In the case of a traditional banking system, there is always a fairly good chance of cancelling the transfer. With blockchain, none of the transactions can be reversed or cancelled. There are currently almost no remedies for these negative occurrences. What happens in blockchain stays in blockchain. #### A Wild West Investors are at risk of losing money in all occurrences, especially when operating in unregulated channels. Since cryptocurrencies are not currently regulated by government entities or banks, this risk exists when investing in cryptocurrencies. The concern over various legal statuses is one major hurdle in the path of international investors more actively participating in cryptocurrency investments. While they haven’t been declared illegal, cryptocurrencies are not recognized by most central banks or institutional investors. Since cryptocurrencies and ICOs are not currently treated as securities by the SEC in the United States, many price manipulation groups (aka. pump-and-dump groups) are technically “legal,” which often leads to more fear, hype and price volatility in the market. *Traditional investors have difficulty attaining exposure in this space. There are on-boarding challenges and a major lack of expertise with blockchain so average investors do not know which currency to buy or even how to access new ICO’s.* # How to Invest in Blockchain without Buying Digital Currencies The massive opportunity of blockchain currency is nearly matched by the confusion of where or how to invest. Blockchain technology powers Bitcoin and other cryptocurrencies, but there are many ways to invest in blockchain technology without investing directly into digital currencies. Blockchain penny stocks, venture investing, crowdfunding platforms and initial coin offerings (ICOs) offer that alternative. Fortunately, investors don’t have to miss out on these profit opportunities. There is now a unique investment opportunity to add cryptocurrencies and other new blockchain technologies to any existing brokerage accounts, IRA or 401K’s. While Wall Street attempts to thwart the growth of cryptocurrencies, one company trading in Canada is surging into cryptocurrencies, and Americans have the opportunity to join this crypto-party. [Global Blockchain Technologies Group](https://globalblockchain.io/) is creating the first vertically integrated originator and manager of top tier blockchains and cryptocurrencies. Global Blockchain is an investment company providing investors access to a diverse basket of holdings within the blockchain space, managed by an expert team made up of industry pioneers. Global Blockchain is streamlining the arduous, lengthy and complicated process that investors must undergo to gain exposure and expertise to just one digital currency, let alone multiple. They do this by offering one individual security that provides diversified holdings and one world class team that can be accessed through an online brokerage account. In other words, Global Blockchain enables investors to access a basket of cryptocurrency holdings, balanced between blue chip cryptocurrencies (such as Bitcoin and Ethereum), smaller cap cryptocurrencies, cryptocurrency mining divisions and new blockchain technologies that are deemed to have significant upward potential. #### Cryptocurrency Mining Division Blockchain Global is creating the first ever cryptocurrency streaming company in the world, CoinStream Mining Corp., 49% of which has been acquired by Global Blockchain Mining Corp., a subsidiary of Global Blockchain Technologies Corp. The facility, located in a low electricity rate jurisdiction of Manitoba, Canada, has aggregated 10 megawatts of power and high-quality cryptocurrency mining assets. According to the initial agreement, an upfront payment of US $10M from CoinStream Corp. will be delivered in exchanged for 2,500 BTC per year for 5 years at US $1,000 per coin. Over the life of the contracts, the company would receive 12,500 BTC in total, which represents a current undiscounted value of approximately US $82,725,000 at the price of BTC at the time of writing. #### Basket of Blue-chip and Small-cap Holdings Global Blockchain plans to invest in a basket of holdings within the blockchain space, making it the first-ever global investment company with maximum exposure to the entire blockchain ecosystem, including start-up equity and token diversification. The strategy implemented by Global Blockchain diversifies investors’ exposure and reduces the risk by balancing large cap blue-chip holdings (such as BTC and ETH) with specifically chosen high-growth potential small-caps. In addition, Blockchain Global also plans to diversify portfolios by balancing cryptocurrencies based on the pre-defined category. The vision of Global Blockchain is much more than speculating on a basket of currencies. It is a technology company with massive potential, planning to build an investment portfolio based on the token economy. Global Blockchain expects that smart asset allocation has the potential to change this space entirely for the benefit of investors. #### ICO Incubator The Global Blockchain business model is diverse and more innovative than simply holding cryptocurrencies. Global Blockchain will assist blockchain startups to create additional value with its own incubator – Global Blockchain’s in-house token studio. Since new ICOs traditionally have one-dimensional teams that are great at developing but not executing, Global Blockchain will not only help new companies build, but also help maintain, brand and distribute their offerings. This nascent industry is hungry for this type of development lab, operated by a team with real world experience and backed by some of the world’s top blockchain programmers. Global Blockchain is positioned to become the blockchain powerhouse to help create the future of blockchain-based cryptocurrencies. |
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"body": "<center></center>\n# What is Blockchain?\nBlockchain technology is essentially a publicly distributed ledger. When transactions using this technology are completed, they are recorded on the newest \"block.\" When a block's capacity is filled, it is added to the end of the \"chain\" in linear order. This way of transferring money, supplies, or other assets eliminates the need for each transaction to go through various middlemen, like brokerages, payment processors and even banks. The fewer third-parties involved in facilitating transactions, the fewer players that take a small cut. \n# What does It Mean to Investors?\nBlockchain technology is the most disruptive technology we have probably seen in our lifetime. It has the potential to be the universal, irrefutable depository of all transactions between all parties involved, whether it’s value transfer or record-keeping, it links everything to everything else. It’s about seamless trust, transparency, and efficiency. Blockchain technology has the potential to transform every industry from global shipping, prescription drugs and healthcare to automotive, aviation, manufacturing, banking, finance and even government. The age of prosperity can be found in a blockchain script. Nearly every industry will be disrupted by blockchain technology. Here are a few examples:\n* **FinTech**: Blockchain and cryptocurrency can resolve critical issues in the $134-trillion conventional banking industry internationally. Blockchain tackles every problem from fees for sending payments through a third party, privacy threats and security risks, even cumbersome lending practices. [That’s why large conglomerate banks have just partnered with FinTech companies to develop new blockchain technology.](http://uk.businessinsider.com/blockchain-technology-banking-finance-2017-9?r=US&IR=T)\n* **Freight Transport**: Blockchain technology is already being used to track global trade and shipments in a [$7-trillion industry](http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry). Since Blockchain technology enhances security and transparency, it could have a major impact on all types of supply chain transactions. Every time a product changes hands, from supplier to transport company to manufacturer to transport company to consumer, the transaction could be documented, creating a permanent history. This could dramatically reduce time delays, costs and human error that plague transactions today.\n* **Real Estate**: The real estate industry is also a major beneficiary of blockchain tech. Previously, transacting high value assets such as real estate exclusively through digital channels has never been the norm. Real estate transactions are often conducted offline involving face-to-face engagements with various entities. Blockchain, however, opens opportunities to improve this process. The introduction of Smart Contracts in blockchain platforms now allows assets like real estate to be tokenized and be traded like cryptocurrencies like Bitcoin and Ethereum. [Real estate wonderland Dubai is even putting its entire land registry on a block chain.](https://www.coindesk.com/dubai-land-department-launches-blockchain-real-estate-initiative/)\n* **Healthcare**: The global healthcare IT market alone – valued at $134 billion last year – will utilize Blockchain to improve care and efficiency. Blockchain has the potential to accelerate innovation in preventative care and community-based healthcare models. The capacity of a distributed ledger technology for ensuring data integrity while sharing information between parties ensures collaboration and security in healthcare, which is vital to the improvement of healthcare worldwide. Blockchain will simplify and align complex team-based healthcare, finance and payment for provided care. The inherent properties of cryptographic public and private key access, proof of work and distributed data, creates a new level of integrity for healthcare information. Blockchain technology also makes it easy to track a drug as it moves from the manufacturer to the patient. This improves the traceability of a drug as it moves across the supply chain and helps prevent drug counterfeiting. The opportunities are endless.\n# Challenges for Blockchain Investors\n#### Extreme Volatility\nInvesting in cryptocurrencies involves very risk as prices have been extremely volatile. One of the most popular and shared stories is illustrated by the guy who paid for a pizza with Bitcoin back in 2010. If he had saved the Bitcoin instead of buying that pizza, today he would have a net worth of approximately $20 million. That volatility is also the opportunity. In the past several months, as we witness the massive increase in attention, demand, and volatility of cryptocurrencies, many people are jumping into digital currencies like Bitcoin, trying to make money off of quick trades. Since these cryptocurrency prices are not regulated, as more people enter the market, the prices climb ever higher. However, with such volatility in this space, one might wonder how they can invest in digital currencies when the price can heavily fluctuate in a short period of time. \n#### Loss of a Wallet File\nThere’s one more problem that is typical of all cryptocurrencies: loss or theft of a wallet. Most users store their cryptocurrency wallet files on their computers. Therefore, they can be stolen due to malware or lost if the hard disk crashes. So most advanced users make hard copies of their secret key and purchase USB hardware wallets. But the number of such users is small. Conventional e-money should be used with extra security measures, such as two-factor authentication and external USB drive backups. \n#### Hacking\nWhen it comes to money remittance, which is the practice of sending money across borders, blockchain has made it fairly simple to remove the middlemen by copying/pasting users’ wallet addresses. But has it? A typical wallet address is a long sequence of characters. However, not every user is vigilant and double-checks an address after copying it. There is a risk of malware altering the address in the clipboard. Additionally, novices can also be tricked into visiting to a phishing website where they unknowingly upload their private keys and submit passwords. Extreme causing must be used to oneself protect in this new frontier. During an ICO, the project team usually starts the fundraising event at a specified time and closes when the required amount has been collected. The collection address is posted on the project website when it opens (it’s not necessary, just common practice). One of the infamous ICO hacks took place when the hacker(s) got access to the project website and tampered the address. The hacker stole $7 million worth of Ethereum before the company was able to halt the token sale. In the case of a traditional banking system, there is always a fairly good chance of cancelling the transfer. With blockchain, none of the transactions can be reversed or cancelled. There are currently almost no remedies for these negative occurrences. What happens in blockchain stays in blockchain.\n#### A Wild West\nInvestors are at risk of losing money in all occurrences, especially when operating in unregulated channels. Since cryptocurrencies are not currently regulated by government entities or banks, this risk exists when investing in cryptocurrencies. The concern over various legal statuses is one major hurdle in the path of international investors more actively participating in cryptocurrency investments. While they haven’t been declared illegal, cryptocurrencies are not recognized by most central banks or institutional investors. Since cryptocurrencies and ICOs are not currently treated as securities by the SEC in the United States, many price manipulation groups (aka. pump-and-dump groups) are technically “legal,” which often leads to more fear, hype and price volatility in the market.\n\n*Traditional investors have difficulty attaining exposure in this space. There are on-boarding challenges and a major lack of expertise with blockchain so average investors do not know which currency to buy or even how to access new ICO’s.*\n# How to Invest in Blockchain without Buying Digital Currencies\nThe massive opportunity of blockchain currency is nearly matched by the confusion of where or how to invest. Blockchain technology powers Bitcoin and other cryptocurrencies, but there are many ways to invest in blockchain technology without investing directly into digital currencies. Blockchain penny stocks, venture investing, crowdfunding platforms and initial coin offerings (ICOs) offer that alternative. \n\nFortunately, investors don’t have to miss out on these profit opportunities. There is now a unique investment opportunity to add cryptocurrencies and other new blockchain technologies to any existing brokerage accounts, IRA or 401K’s. While Wall Street attempts to thwart the growth of cryptocurrencies, one company trading in Canada is surging into cryptocurrencies, and Americans have the opportunity to join this crypto-party. \n\n[Global Blockchain Technologies Group](https://globalblockchain.io/) is creating the first vertically integrated originator and manager of top tier blockchains and cryptocurrencies. Global Blockchain is an investment company providing investors access to a diverse basket of holdings within the blockchain space, managed by an expert team made up of industry pioneers. Global Blockchain is streamlining the arduous, lengthy and complicated process that investors must undergo to gain exposure and expertise to just one digital currency, let alone multiple. They do this by offering one individual security that provides diversified holdings and one world class team that can be accessed through an online brokerage account. In other words, Global Blockchain enables investors to access a basket of cryptocurrency holdings, balanced between blue chip cryptocurrencies (such as Bitcoin and Ethereum), smaller cap cryptocurrencies, cryptocurrency mining divisions and new blockchain technologies that are deemed to have significant upward potential. \n#### Cryptocurrency Mining Division\nBlockchain Global is creating the first ever cryptocurrency streaming company in the world, CoinStream Mining Corp., 49% of which has been acquired by Global Blockchain Mining Corp., a subsidiary of Global Blockchain Technologies Corp. The facility, located in a low electricity rate jurisdiction of Manitoba, Canada, has aggregated 10 megawatts of power and high-quality cryptocurrency mining assets. According to the initial agreement, an upfront payment of US $10M from CoinStream Corp. will be delivered in exchanged for 2,500 BTC per year for 5 years at US $1,000 per coin. Over the life of the contracts, the company would receive 12,500 BTC in total, which represents a current undiscounted value of approximately US $82,725,000 at the price of BTC at the time of writing.\n#### Basket of Blue-chip and Small-cap Holdings\nGlobal Blockchain plans to invest in a basket of holdings within the blockchain space, making it the first-ever global investment company with maximum exposure to the entire blockchain ecosystem, including start-up equity and token diversification. The strategy implemented by Global Blockchain diversifies investors’ exposure and reduces the risk by balancing large cap blue-chip holdings (such as BTC and ETH) with specifically chosen high-growth potential small-caps. In addition, Blockchain Global also plans to diversify portfolios by balancing cryptocurrencies based on the pre-defined category.\n \nThe vision of Global Blockchain is much more than speculating on a basket of currencies. It is a technology company with massive potential, planning to build an investment portfolio based on the token economy. Global Blockchain expects that smart asset allocation has the potential to change this space entirely for the benefit of investors. \n#### ICO Incubator\nThe Global Blockchain business model is diverse and more innovative than simply holding cryptocurrencies. Global Blockchain will assist blockchain startups to create additional value with its own incubator – Global Blockchain’s in-house token studio. Since new ICOs traditionally have one-dimensional teams that are great at developing but not executing, Global Blockchain will not only help new companies build, but also help maintain, brand and distribute their offerings. This nascent industry is hungry for this type of development lab, operated by a team with real world experience and backed by some of the world’s top blockchain programmers. Global Blockchain is positioned to become the blockchain powerhouse to help create the future of blockchain-based cryptocurrencies.",
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}2017/09/30 04:48:15
2017/09/30 04:48:15
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| body | Solid article. I was about to post a similair post. No matter how populair a coin is. People should always do a proper background check. It surprises me how many coins are out there that don't have their basics right. Personally I always use: https://www.coincheckup.com Supposingly they researched every crypto coin in the scene based on: the team, the product, advisors, community, the business and the business model. They even score the coins stengths. Check: https://www.coincheckup.com/coins/Elastic#analysis To check Elastic Investment research report. |
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"body": "Solid article. I was about to post a similair post. No matter how populair a coin is. People should always do a proper background check. It surprises me how many coins are out there that don't have their basics right. Personally I always use: https://www.coincheckup.com Supposingly they researched every crypto coin in the scene based on: the team, the product, advisors, community, the business and the business model. They even score the coins stengths. Check: https://www.coincheckup.com/coins/Elastic#analysis To check Elastic Investment research report.",
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2017/09/25 19:51:06
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| author | cryptozero |
| permlink | re-roc-meet-sonocoin-the-first-cryptocurrency-you-can-hear-20170925t195104105z |
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| body | WOW! value transfer by sound waves! Amazing tech! Thanks for sharing by the way :) |
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}2017/09/23 18:19:57
2017/09/23 18:19:57
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| author | csreport |
| permlink | re-roc-meet-sonocoin-the-first-cryptocurrency-you-can-hear-20170923t181956215z |
| title | |
| body | Nice info. Thanks for sharing! |
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2017/09/18 20:11:00
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}rocupvoted (100.00%) @roc / icos-enthusiasts-be-aware2017/09/18 20:10:57
rocupvoted (100.00%) @roc / icos-enthusiasts-be-aware
2017/09/18 20:10:57
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}rocupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/09/18 20:10:57
rocupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/09/18 20:10:57
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}rocupvoted (100.00%) @roc / came-across-an-article-myriad2017/09/18 20:10:54
rocupvoted (100.00%) @roc / came-across-an-article-myriad
2017/09/18 20:10:54
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}rocpublished a new post: meet-sonocoin-the-first-cryptocurrency-you-can-hear2017/09/18 20:10:09
rocpublished a new post: meet-sonocoin-the-first-cryptocurrency-you-can-hear
2017/09/18 20:10:09
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| author | roc |
| permlink | meet-sonocoin-the-first-cryptocurrency-you-can-hear |
| title | Meet SonoCoin: The First Cryptocurrency You Can Hear |
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}rocupvoted (100.00%) @roc / meet-sonocoin-the-first-cryptocurrency-you-can-hear2017/09/18 20:03:24
rocupvoted (100.00%) @roc / meet-sonocoin-the-first-cryptocurrency-you-can-hear
2017/09/18 20:03:24
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rocpublished a new post: meet-sonocoin-the-first-cryptocurrency-you-can-hear
2017/09/18 20:03:24
| parent author | |
| parent permlink | cryptocurrency |
| author | roc |
| permlink | meet-sonocoin-the-first-cryptocurrency-you-can-hear |
| title | Meet SonoCoin: The First Cryptocurrency You Can Hear |
| body | <center></center> ## The World SonoCoin Was Built For Rapid developments in blockchain technology have been making headlines since March of this year. The exponential growth in cryptocurrency market capitalization can often take seasoned investors, accustomed to traditional bonds and the stock market, by surprise. But there is no end in sight for blockchain/cryptocurrency as an enterprise. Now, more than ever, there is a high demand for new innovations in the blockchain/cryptocurrency industry, including new storage methods. But first, we must consider where we came from. The very first cryptocurrency, Bitcoin (BTC), along with the concept of blockchains, has been around since the 2008 financial crisis. As Satoshi Nakamoto argued in the [Bitcoin white paper](https://bitcoin.org/bitcoin.pdf) , the main benefit of such a payment system lies in a purely peer-to-peer value transfer without a trusted third-party, while a secure open book (also known as the public ledger), publicly accessible, guarantees the integrity of the blockchain network. Many faithful followers of [regression theorem](https://wiki.mises.org/wiki/Regression_theorem) , including prominent economists, businessmen and politicians all over the world, argue that Bitcoin is based on nothing but thin air because it has no real history as a genuine commodity. But this is not necessarily the case. While many of us may have had trouble wrapping our heads around the concept of Bitcoin, we might have missed the fact that Bitcoin is not a standalone currency but instead it is a unit of accounting attached to an innovative payment network. In other words, Bitcoin was invented merely as an accounting unit bound up with a brilliant payment system. The value proposition of Bitcoin is embedded in a structure, where a currency and a payment network are utterly interlinked together by the code. Fast forward nearly a decade, we have more than 1,000 various cryptocurrencies and assets with a total market capitalization that, according to CoinMarketCap.com, hovers around $140 billion. The reason for the sudden rise of cryptocurrency market is open to debate. However, the blockchain community has received unprecedented support from international enterprises, institutional investors, and government policy-makers this year. [IBM partnered with Nestle and Walmart](https://www.forbes.com/sites/rogeraitken/2017/08/22/ibm-forges-blockchain-collaboration-with-nestle-walmart-for-global-food-safety/#4a223fa43d36) in order to identify ways that the global food supply chain could benefit from the blockchain. Since [the formation of the Enterprise Ethereum Alliance (EEA)](https://www.infoq.com/news/2017/03/Enterprise-Ethereum) back in March, [more than 150 members](https://entethalliance.org/enterprise-ethereum-alliance-becomes-worlds-largest-open-source-blockchain-initiative/) , with heavy hitters such as Microsoft, J.P. Morgan, Intel, the Indian government and others, have joined the organization. Japan and Korea recognized Bitcoin as a legal method payment back [March](https://www.coindesk.com/japan-bitcoin-law-effect-tomorrow/) and [July](https://cointelegraph.com/news/south-korea-officially-legalizes-bitcoin-huge-market-for-traders), respectively. Meanwhile, the technical aspect of the blockchain evolution does not seem to be overshadowed by its increasing publicity. Here are a few highlights. The Bitcoin scaling proposal, SegWit Lock-In, was activated [in August](https://coin.dance/blocks). Furthermore, Vitalik Buterin and Joseph Poon have jointly published the [PLASMA white paper](http://plasma.io/plasma.pdf), a new scaling solution for Ethereum. Ripple successfully sent a single blockchain transaction across 7 different ledgers through its [Interledger Protocol (ILP) in a live demo](https://www.coindesk.com/interoperability-boost-ripple-sends-blockchain-transaction-across-7-different-ledgers/). As we witness the huge amount of capital influx into cryptocurrencies, more blockchain start-ups with bright ideas have also entered the arena. [Storj](https://storj.io/), an encrypted cloud storage service powered by blockchain, raised [$20 million](http://www.the-blockchain.com/2017/05/19/storj-labs-claims-number-two-ico-spot-20-million-raised-less-six-hour/) during its ICO and is determined to challenge centralized storage service providers like Dropbox, Amazon S3 and Microsoft Azure. [Elliptic](https://www.elliptic.co/), a company which identifies illicit activity on the blockchain, has received [$7 million](https://news.bitcoin.com/blockchain-surveillance-tool-banks-visualize-bitcoin-risks/) in funding and hopes to attract law enforcement agencies as potential clients. Universal Sharing Network, a fully automated service by [Slock.it](https://slock.it/), allows customers to locate and rent various assets using smart contracts. [Golem](https://golem.network/) is a decentralized supercomputer network, accessible to anyone, where individuals can monetize by 'renting' out their computing power or by developing and selling software. The global blockchain industry will continue to grow and that trend shows no sign of slowing. The time is ripe for new, more innovative cryptocurrency. Luckily, SonoCoin fits the bill. <center>  </center> ## What is SonoCoin? [SonoCoin](http://sono.money/) (symbol: SNC) is the only blockchain venture of its kind who revolutionizes the monetary transfer of value, and takes remittance payments to another level by introducing audio file-based money transfer. Since SNC is not mineable, the network uses Proof-of-Stake (PoS) algorithms to verify transactions. PoS is an alternative way of confirming transactions in order to achieve a distributed consensus. PoS first surfaced on [BitcoinTalk.org](https://bitcointalk.org/index.php?topic=27787.0) in 2011. However, the first cryptocurrency to use this method was [Peercoin](https://bitcointalk.org/index.php?topic=99735.0) in 2012. Unlike the Proof-of-Work (PoW) model, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, PoS algorithm selects the creator of a new block in a deterministic way, also known as a stake. Therefore, there is no block reward in PoS. Due to the nature of PoS, all coins are created in the beginning, and there is no inflation in such an ecosystem. The total supply of SonoCoin is limited to 100 million, the same amount adapted by [NEO](https://github.com/neo-project/docs/blob/master/en-us/index.md) (formerly known as Antshares). ## Where to get SonoCoin (SNC)? SNC is currently listed on [SonoCoin.money](https://sonocoin.money/) . Each coin costs $2.5 (USD). The users can purchase SNC by trading in up to a dozen different of cryptocurrencies, including Bitcoin, Litecoin, Ether, and other major currencies. When you finish setting up the amount of funds and have filled out your email address, you will only need to click 'exchange,' and you will be shown the web address where your fund will be sent. Within a few minutes, you will receive the SNC downloading link in a confirmation email from the exchange. Besides the SonoCoin exchange service, SNC will likely be available on major cryptocurrency exchanges and SonoCoin partners' websites soon. <center>  </center> ## How to Use SonoCoin? After purchasing SNC, you might be wondering where can you store your coins. The short answer is, anywhere you prefer. Unlike almost all cryptocurrencies in the market today, SNC requires no wallet at all. Let me repeat that. **SNC requires no wallet at all.** While efforts are being made to make desktop and hardware wallets more secure and easy to use, it is not hard to find stories of investors who have lost funds due to forgetting [passwords](https://www.reddit.com/r/Bitcoin/comments/44a9ee/ive_lost_the_password_to_my_bitcoin_core_wallet/)/[backups](https://www.reddit.com/r/ethtrader/comments/6xhc1h/goodbye/)/private keys, [accidentally trashing old hard drives](https://www.forbes.com/sites/kellyphillipserb/2013/11/30/from-treasure-to-trash-man-tosses-out-bitcoin-wallet-on-hard-drive-worth-9-million/#28277f81245c), [email deletion](https://news.ycombinator.com/item?id=14452969), [broken](https://www.reddit.com/r/Bitcoin/comments/1ub573/my_smartphone_with_bitcoin_walled_installed_got/)/[missing](https://www.reddit.com/r/Bitcoin/comments/1ub573/my_smartphone_with_bitcoin_walled_installed_got/) phones, [compromised wallets](https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce), [data leak](http://time.com/money/4473935/dropbox-hack-passwords-leaked/) and other follies. The innovative design of SonoCoin has circumvented these challenges by replacing the wallet with a simple audio file as a way to store and transfer coins. In other words, SonoCoin can be recognized by any device which records or reproduces sounds. Each coin is represented by a digital file or an audible sound, which allows users to share and transfer SNC through emailing services, popular messengers and social networks. More importantly, users can have full control of their SNC without a need for identity verification or any association with financial accounts. Modern desktops, smart phones, USB flash drives and even vinyl records can be convenient choices for SNC storage, meaning a variety of backup media support for better safe keeping. Since each SonoCoin can be password protected, the user's fund is not susceptible to cases of theft and hacks. The SonoCoin mobile app allows SNC owners to re-issue coins, which can be divided into smaller coins or combined into larger ones with arbitrary denomination. The decentralization and stability of SonoCoin network is embedded into a large number of nodes running over the mathematical model of the blockchain. Sound familiar? SNC is an individual version of the blockchain-backed crowdsale platform. Unlike other custom token platforms such as NEO or Waves, SNC offers a straightforward and fee-free approach to personalized tokens in smart contract coding. Thanks to SonoCoin's elegant and simple design, both tech-savvy users and cryptocurrency novices can handle SNC like regular files and carry their coins in an iPod. Here is a brief illustration comparing the differences between SNC, ETH, NEO and WAVE: <center>  </center> Convenience, simplicity and security in peer-to-peer transfers could attract demand for SonoCoin in the foreseeable future. The coin is new, however, and most experts are still awaiting details from its upcoming whitepaper, any plans for an Initial Coin Offering (ICO), risk disclosures, and other details from SonoCoin's founding team. Nevertheless, some blockchain industry leaders are already investing in SNC, thanks to SonoCoin' distinguishing qualities and its potential for growth. SonoCoin is the only cryptocurrency you can literally hear, store on vinyl or iTunes, and transfer simply by broadcasting sound waves between devices. The coin's homepage, which has been updating regularly this September amid the launch, can be found at http://sono.money |
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"author": "roc",
"permlink": "meet-sonocoin-the-first-cryptocurrency-you-can-hear",
"title": "Meet SonoCoin: The First Cryptocurrency You Can Hear",
"body": "<center></center>\n\n## The World SonoCoin Was Built For\n\nRapid developments in blockchain technology have been making headlines since March of this year. The exponential growth in cryptocurrency market capitalization can often take seasoned investors, accustomed to traditional bonds and the stock market, by surprise. But there is no end in sight for blockchain/cryptocurrency as an enterprise. Now, more than ever, there is a high demand for new innovations in the blockchain/cryptocurrency industry, including new storage methods. But first, we must consider where we came from. \n\nThe very first cryptocurrency, Bitcoin (BTC), along with the concept of blockchains, has been around since the 2008 financial crisis. As Satoshi Nakamoto argued in the [Bitcoin white paper](https://bitcoin.org/bitcoin.pdf) , the main benefit of such a payment system lies in a purely peer-to-peer value transfer without a trusted third-party, while a secure open book (also known as the public ledger), publicly accessible, guarantees the integrity of the blockchain network.\n\nMany faithful followers of [regression theorem](https://wiki.mises.org/wiki/Regression_theorem) , including prominent economists, businessmen and politicians all over the world, argue that Bitcoin is based on nothing but thin air because it has no real history as a genuine commodity. But this is not necessarily the case. While many of us may have had trouble wrapping our heads around the concept of Bitcoin, we might have missed the fact that Bitcoin is not a standalone currency but instead it is a unit of accounting attached to an innovative payment network. In other words, Bitcoin was invented merely as an accounting unit bound up with a brilliant payment system. The value proposition of Bitcoin is embedded in a structure, where a currency and a payment network are utterly interlinked together by the code. \n\nFast forward nearly a decade, we have more than 1,000 various cryptocurrencies and assets with a total market capitalization that, according to CoinMarketCap.com, hovers around $140 billion. \n\nThe reason for the sudden rise of cryptocurrency market is open to debate. However, the blockchain community has received unprecedented support from international enterprises, institutional investors, and government policy-makers this year. [IBM partnered with Nestle and Walmart](https://www.forbes.com/sites/rogeraitken/2017/08/22/ibm-forges-blockchain-collaboration-with-nestle-walmart-for-global-food-safety/#4a223fa43d36) in order to identify ways that the global food supply chain could benefit from the blockchain. \n\nSince [the formation of the Enterprise Ethereum Alliance (EEA)](https://www.infoq.com/news/2017/03/Enterprise-Ethereum) back in March, [more than 150 members](https://entethalliance.org/enterprise-ethereum-alliance-becomes-worlds-largest-open-source-blockchain-initiative/) , with heavy hitters such as Microsoft, J.P. Morgan, Intel, the Indian government and others, have joined the organization. Japan and Korea recognized Bitcoin as a legal method payment back [March](https://www.coindesk.com/japan-bitcoin-law-effect-tomorrow/) and [July](https://cointelegraph.com/news/south-korea-officially-legalizes-bitcoin-huge-market-for-traders), respectively. Meanwhile, the technical aspect of the blockchain evolution does not seem to be overshadowed by its increasing publicity. \n\nHere are a few highlights. The Bitcoin scaling proposal, SegWit Lock-In, was activated [in August](https://coin.dance/blocks). Furthermore, Vitalik Buterin and Joseph Poon have jointly published the [PLASMA white paper](http://plasma.io/plasma.pdf), a new scaling solution for Ethereum. Ripple successfully sent a single blockchain transaction across 7 different ledgers through its [Interledger Protocol (ILP) in a live demo](https://www.coindesk.com/interoperability-boost-ripple-sends-blockchain-transaction-across-7-different-ledgers/). \n\nAs we witness the huge amount of capital influx into cryptocurrencies, more blockchain start-ups with bright ideas have also entered the arena. [Storj](https://storj.io/), an encrypted cloud storage service powered by blockchain, raised [$20 million](http://www.the-blockchain.com/2017/05/19/storj-labs-claims-number-two-ico-spot-20-million-raised-less-six-hour/) during its ICO and is determined to challenge centralized storage service providers like Dropbox, Amazon S3 and Microsoft Azure. [Elliptic](https://www.elliptic.co/), a company which identifies illicit activity on the blockchain, has received [$7 million](https://news.bitcoin.com/blockchain-surveillance-tool-banks-visualize-bitcoin-risks/) in funding and hopes to attract law enforcement agencies as potential clients. Universal Sharing Network, a fully automated service by [Slock.it](https://slock.it/), allows customers to locate and rent various assets using smart contracts. [Golem](https://golem.network/) is a decentralized supercomputer network, accessible to anyone, where individuals can monetize by 'renting' out their computing power or by developing and selling software. The global blockchain industry will continue to grow and that trend shows no sign of slowing. The time is ripe for new, more innovative cryptocurrency. Luckily, SonoCoin fits the bill. \n\n<center>\n\n</center>\n\n## What is SonoCoin?\n[SonoCoin](http://sono.money/) (symbol: SNC) is the only blockchain venture of its kind who revolutionizes the monetary transfer of value, and takes remittance payments to another level by introducing audio file-based money transfer. Since SNC is not mineable, the network uses Proof-of-Stake (PoS) algorithms to verify transactions. PoS is an alternative way of confirming transactions in order to achieve a distributed consensus. PoS first surfaced on [BitcoinTalk.org](https://bitcointalk.org/index.php?topic=27787.0) in 2011. However, the first cryptocurrency to use this method was [Peercoin](https://bitcointalk.org/index.php?topic=99735.0) in 2012. Unlike the Proof-of-Work (PoW) model, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, PoS algorithm selects the creator of a new block in a deterministic way, also known as a stake. Therefore, there is no block reward in PoS. Due to the nature of PoS, all coins are created in the beginning, and there is no inflation in such an ecosystem. The total supply of SonoCoin is limited to 100 million, the same amount adapted by [NEO](https://github.com/neo-project/docs/blob/master/en-us/index.md) (formerly known as Antshares).\n\n## Where to get SonoCoin (SNC)?\nSNC is currently listed on [SonoCoin.money](https://sonocoin.money/) . Each coin costs $2.5 (USD). The users can purchase SNC by trading in up to a dozen different of cryptocurrencies, including Bitcoin, Litecoin, Ether, and other major currencies. When you finish setting up the amount of funds and have filled out your email address, you will only need to click 'exchange,' and you will be shown the web address where your fund will be sent. Within a few minutes, you will receive the SNC downloading link in a confirmation email from the exchange. Besides the SonoCoin exchange service, SNC will likely be available on major cryptocurrency exchanges and SonoCoin partners' websites soon. \n\n<center>\n\n</center>\n\n## How to Use SonoCoin?\nAfter purchasing SNC, you might be wondering where can you store your coins. The short answer is, anywhere you prefer. Unlike almost all cryptocurrencies in the market today, SNC requires no wallet at all.\n\nLet me repeat that. **SNC requires no wallet at all.** \n\nWhile efforts are being made to make desktop and hardware wallets more secure and easy to use, it is not hard to find stories of investors who have lost funds due to forgetting [passwords](https://www.reddit.com/r/Bitcoin/comments/44a9ee/ive_lost_the_password_to_my_bitcoin_core_wallet/)/[backups](https://www.reddit.com/r/ethtrader/comments/6xhc1h/goodbye/)/private keys, [accidentally trashing old hard drives](https://www.forbes.com/sites/kellyphillipserb/2013/11/30/from-treasure-to-trash-man-tosses-out-bitcoin-wallet-on-hard-drive-worth-9-million/#28277f81245c), [email deletion](https://news.ycombinator.com/item?id=14452969), [broken](https://www.reddit.com/r/Bitcoin/comments/1ub573/my_smartphone_with_bitcoin_walled_installed_got/)/[missing](https://www.reddit.com/r/Bitcoin/comments/1ub573/my_smartphone_with_bitcoin_walled_installed_got/) phones, [compromised wallets](https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce), [data leak](http://time.com/money/4473935/dropbox-hack-passwords-leaked/) and other follies. \n\nThe innovative design of SonoCoin has circumvented these challenges by replacing the wallet with a simple audio file as a way to store and transfer coins. In other words, SonoCoin can be recognized by any device which records or reproduces sounds. Each coin is represented by a digital file or an audible sound, which allows users to share and transfer SNC through emailing services, popular messengers and social networks.\n\nMore importantly, users can have full control of their SNC without a need for identity verification or any association with financial accounts. Modern desktops, smart phones, USB flash drives and even vinyl records can be convenient choices for SNC storage, meaning a variety of backup media support for better safe keeping. Since each SonoCoin can be password protected, the user's fund is not susceptible to cases of theft and hacks.\n\nThe SonoCoin mobile app allows SNC owners to re-issue coins, which can be divided into smaller coins or combined into larger ones with arbitrary denomination. The decentralization and stability of SonoCoin network is embedded into a large number of nodes running over the mathematical model of the blockchain. \n\nSound familiar? SNC is an individual version of the blockchain-backed crowdsale platform. Unlike other custom token platforms such as NEO or Waves, SNC offers a straightforward and fee-free approach to personalized tokens in smart contract coding. Thanks to SonoCoin's elegant and simple design, both tech-savvy users and cryptocurrency novices can handle SNC like regular files and carry their coins in an iPod. Here is a brief illustration comparing the differences between SNC, ETH, NEO and WAVE:\n\n<center>\n\n</center>\n\nConvenience, simplicity and security in peer-to-peer transfers could attract demand for SonoCoin in the foreseeable future. The coin is new, however, and most experts are still awaiting details from its upcoming whitepaper, any plans for an Initial Coin Offering (ICO), risk disclosures, and other details from SonoCoin's founding team. Nevertheless, some blockchain industry leaders are already investing in SNC, thanks to SonoCoin' distinguishing qualities and its potential for growth. SonoCoin is the only cryptocurrency you can literally hear, store on vinyl or iTunes, and transfer simply by broadcasting sound waves between devices. The coin's homepage, which has been updating regularly this September amid the launch, can be found at http://sono.money",
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2017/09/13 10:38:27
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2017/09/13 10:38:15
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2017/09/13 01:02:51
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2017/09/12 18:08:48
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}anomalyupvoted (1.00%) @roc / came-across-an-article-myriad2017/09/07 20:12:12
anomalyupvoted (1.00%) @roc / came-across-an-article-myriad
2017/09/07 20:12:12
| voter | anomaly |
| author | roc |
| permlink | came-across-an-article-myriad |
| weight | 100 (1.00%) |
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}rocpublished a new post: came-across-an-article-myriad2017/09/07 20:07:39
rocpublished a new post: came-across-an-article-myriad
2017/09/07 20:07:39
| parent author | |
| parent permlink | bitcoin |
| author | roc |
| permlink | came-across-an-article-myriad |
| title | Came across an article - Myriad |
| body | https://steemit.com/cryptocurrency/@csreport/myriad-xmy-a-real-sleeping-giant Agree most part of this one. Nicely done. F.Y.I Cheers! |
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"body": "https://steemit.com/cryptocurrency/@csreport/myriad-xmy-a-real-sleeping-giant\n\nAgree most part of this one. Nicely done. F.Y.I\n\nCheers!",
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}2017/09/05 23:29:48
2017/09/05 23:29:48
| parent author | roc |
| parent permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| author | cryptozed |
| permlink | re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170905t232943833z |
| title | |
| body | Amazing writeup! Would you like to do an article comparing all top decentralised supercomputer projects like - Golem, Elastic, iEXEC, SONM & others? Its a completely disruptive tech, 3 projects in coinmarketcap top 100, huge investment opportunity. I guess the key is to identify which project is a must invest, and which one a must- not :) Thanks a lot! |
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"title": "",
"body": "Amazing writeup! \nWould you like to do an article comparing all top decentralised supercomputer projects like - Golem, Elastic, iEXEC, SONM & others? Its a completely disruptive tech, 3 projects in coinmarketcap top 100, huge investment opportunity. I guess the key is to identify which project is a must invest, and which one a must- not :) Thanks a lot!",
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}cryptozedupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/09/05 23:26:18
cryptozedupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/09/05 23:26:18
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| author | roc |
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}rocreceived 3.322 SBD, 2.894 SP author reward for @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/09/03 23:31:51
rocreceived 3.322 SBD, 2.894 SP author reward for @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/09/03 23:31:51
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| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| sbd payout | 3.322 SBD |
| steem payout | 0.000 STEEM |
| vesting payout | 4713.119176 VESTS |
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}2017/09/02 23:53:18
2017/09/02 23:53:18
| voter | promoted |
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}2017/09/02 21:59:48
2017/09/02 21:59:48
| parent author | roc |
| parent permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| author | flair |
| permlink | re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170902t215948305z |
| title | |
| body | "Despite of the absence of a clear roadmap, they are going to have a major release in 1~2 weeks. " Can you please cite your source for this. Thanks. |
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"body": "\"Despite of the absence of a clear roadmap, they are going to have a major release in 1~2 weeks. \"\n\nCan you please cite your source for this. \n\nThanks.",
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}2017/08/30 23:17:48
2017/08/30 23:17:48
| parent author | roc |
| parent permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| author | maestroq |
| permlink | re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170830t231747712z |
| title | |
| body | Thanks for sharing! |
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}seba1342upvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/08/30 22:48:54
seba1342upvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/08/30 22:48:54
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}2017/08/29 23:21:33
2017/08/29 23:21:33
| voter | awesomianist |
| author | roc |
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}2017/08/29 19:57:09
2017/08/29 19:57:09
| parent author | roc |
| parent permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| author | wuod4n |
| permlink | re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170829t195710491z |
| title | |
| body | Do you have any idea of how githib repos work??? you only had a look into the wallet repo's. Also you have looked into a fork of golem? So i don't know anything about a official fork. Can you please provide more information about that? |
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"permlink": "re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170829t195710491z",
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"body": "Do you have any idea of how githib repos work??? you only had a look into the wallet repo's. Also you have looked into a fork of golem? So i don't know anything about a official fork. Can you please provide more information about that?",
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}chasewestupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/08/29 14:30:39
chasewestupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/08/29 14:30:39
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}astrologupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/08/29 12:03:42
astrologupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/08/29 12:03:42
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}sesisesupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/08/29 01:34:21
sesisesupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/08/29 01:34:21
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| author | roc |
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}2017/08/29 01:02:39
2017/08/29 01:02:39
| voter | shagorshikder |
| author | roc |
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}2017/08/28 23:54:39
2017/08/28 23:54:39
| voter | jaredcwillis |
| author | roc |
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}2017/08/28 23:06:18
2017/08/28 23:06:18
| parent author | scalextrix |
| parent permlink | re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t153256967z |
| author | roc |
| permlink | re-scalextrix-re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t230619759z |
| title | |
| body | Thanks for pointing out GridCoin (GRC). Since this article mainly talks about XEL and GNT, I did not cover GRC. According to [this article at GRC wiki](http://wiki.gridcoin.us/Proof-of-Research), its mechanism is premised on BOINC2, a centralized third-party service. The “miners” use the BOINC software to offer idle CPU processing power to various projects. The amount of computational contribution is then measured in a formula named the Recent Average Credit (RAC). The distribution of Gridcoins (GRC) is up to the miners' individual RAC. The involvement of a central authority could potentially lead to a major concern of GRC network. When an attacker gains access to the centralized service, he/she can tamper The distribution of GRC arbitrarily. In addition, GRC largely relies on the existence of BOINC. If the latter experiences an outbreak, so does Gridcoin unless the Proof-of-Research (PoR) mechanism moves to a different service. Unlike GRC, Elastic does not rely on any other third party service, or payout process on any kind of external (not tamper proof) factors. Instead, the measurement of the amount of computational contribution as well as the payout process is done entirely in the protocol itself. |
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"permlink": "re-scalextrix-re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t230619759z",
"title": "",
"body": "Thanks for pointing out GridCoin (GRC). Since this article mainly talks about XEL and GNT, I did not cover GRC. \n\nAccording to [this article at GRC wiki](http://wiki.gridcoin.us/Proof-of-Research), its mechanism is premised on BOINC2, a centralized third-party service. The “miners” use the BOINC software to offer idle CPU processing power to various projects. The amount of computational contribution is then measured in a formula named the Recent Average Credit (RAC). The distribution of Gridcoins (GRC) is up to the miners' individual RAC.\n\nThe involvement of a central authority could potentially lead to a major concern of GRC network. When an attacker gains access to the centralized service, he/she can tamper The distribution of GRC arbitrarily. In addition, GRC largely relies on the existence of BOINC. If the latter experiences an outbreak, so does Gridcoin unless the Proof-of-Research (PoR) mechanism moves to a different service.\n\nUnlike GRC, Elastic does not rely on any other third party service, or payout process on any kind of external (not tamper proof) factors. Instead, the measurement of the amount of computational contribution as well as the payout process is done entirely in the protocol itself.",
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}2017/08/28 22:11:36
2017/08/28 22:11:36
| voter | blockbloud |
| author | roc |
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}2017/08/28 21:59:24
2017/08/28 21:59:24
| voter | sergiopocasluces |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 10000 (100.00%) |
| Transaction Info | Block #14981304/Trx ebd406faf19ae5ea15fc148aa396f0b9af52b00f |
View Raw JSON Data
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}2017/08/28 19:29:57
2017/08/28 19:29:57
| voter | replichara |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 10000 (100.00%) |
| Transaction Info | Block #14978318/Trx 236bbead072323015a564d0e6d4ffed5b2d35b2b |
View Raw JSON Data
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}2017/08/28 19:06:51
2017/08/28 19:06:51
| voter | kyriacos |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 2900 (29.00%) |
| Transaction Info | Block #14977856/Trx de51245a69b65fa9036e6cc26e1092217d095f75 |
View Raw JSON Data
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}2017/08/28 17:45:00
2017/08/28 17:45:00
| voter | sonzweil |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 4000 (40.00%) |
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View Raw JSON Data
{
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}2017/08/28 16:51:09
2017/08/28 16:51:09
| voter | andersokohler |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
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View Raw JSON Data
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}libertupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/08/28 16:42:39
libertupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/08/28 16:42:39
| voter | libert |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
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View Raw JSON Data
{
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}2017/08/28 16:20:54
2017/08/28 16:20:54
| parent author | roc |
| parent permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| author | lighteye |
| permlink | re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t162052932z |
| title | |
| body | Were there any considerations about misuse of such power? |
| json metadata | {"tags":["supercomputer"],"app":"steemit/0.1"} |
| Transaction Info | Block #14974538/Trx 0f229b63d30ec5f7a34e5438678122e98ce8fb34 |
View Raw JSON Data
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}2017/08/28 16:20:18
2017/08/28 16:20:18
| voter | lighteye |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 1500 (15.00%) |
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View Raw JSON Data
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}madmacupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel2017/08/28 16:09:27
madmacupvoted (100.00%) @roc / supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel
2017/08/28 16:09:27
| voter | madmac |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 10000 (100.00%) |
| Transaction Info | Block #14974309/Trx d31e0f7424027df7c4f1f1de5d556f049dec41fa |
View Raw JSON Data
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}2017/08/28 15:54:54
2017/08/28 15:54:54
| voter | kooshikoo |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 2000 (20.00%) |
| Transaction Info | Block #14974018/Trx eef477971ee9b9b14d307805630a3c03134c1a7c |
View Raw JSON Data
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}2017/08/28 15:50:06
2017/08/28 15:50:06
| voter | decayinjack |
| author | roc |
| permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| weight | 10000 (100.00%) |
| Transaction Info | Block #14973922/Trx deeea8d79c92625caee8a235965eb7b99aa633b4 |
View Raw JSON Data
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}2017/08/28 15:33:00
2017/08/28 15:33:00
| parent author | roc |
| parent permlink | supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel |
| author | scalextrix |
| permlink | re-roc-supercomputer-powered-by-blockchain-technology-golem-gnt-vs-elastic-xel-20170828t153256967z |
| title | |
| body | #gridcoin launched the idea of a block-chain backed supercomputer about 4 years ago, is fully functional on CPU & GPU, has it's own block-chain rather than relying on someone else's, has over 20 currently operational major computing projects, and is almost always top 20 on CoinGecko by developer activity. Elastic looks interesting, but most use cases have already been delivered by Gridcoin. Unfortunately commercial operators just don't want to trust unknown actors with their data processing, so open science projects is the mainstay of work on Gridcoin. |
| json metadata | {"tags":["gridcoin","supercomputer"],"app":"steemit/0.1"} |
| Transaction Info | Block #14973581/Trx a418e3f6b29dd43d782b500b393bedc421ef52a9 |
View Raw JSON Data
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Resource Credits100.00%
Reputation Progress93.01%
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}Account Metadata
| POSTING JSON METADATA | |
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| JSON METADATA | |
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Owner
Single Signature
Public Keys
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Active
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Public Keys
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Posting
Single Signature
Public Keys
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Memo
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}Witness Votes
0 / 30
No active witness votes.
[]