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      "body": "<html>\n<p><img src=\"https://i.imgsafe.org/d4b315005a.jpg\" width=\"638\" height=\"479\"/></p>\n<p><br></p>\n<p>A cryptocurrency is a medium of exchange like <em>normal</em> currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new <em>coins</em>. The first cryptocurrency to be created was<a href=\"https://www.cryptocoinsnews.com/bitcoin/\"><ins>Bitcoin</ins></a> back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as <a href=\"https://www.cryptocoinsnews.com/altcoin/\"><ins>Altcoins</ins></a>.<em>Put another way, cryptocurrency is electricity converted into lines of code with monetary value. In the simplest of forms, cryptocurrency is digital currency.</em>Unlike centralized banking, like <a href=\"http://www.federalreserve.gov/\"><ins>the Federal Reserve System</ins></a>, where governments control the value of a currency like USD through the process of printing fiat money, government has no control over cryptocurrencies as they are <a href=\"https://www.cryptocoinsnews.com/bitcoin/\"><ins>fully decentralized</ins></a>.Most cryptocurrencies are designed to decrease in production over time like Bitcoin, which creates a market cap on them. That’s different from fiat currencies where financial institutions can always create more, hence inflation. Bitcoin will never have more than 21 million coins in circulation. The technical system on which all cryptocurrencies are based on was created by Satoshi Nakamoto.While hundreds of different cryptocurrency specifications exist, most are derived from one of two protocols;&nbsp;<a href=\"https://www.cryptocoinsnews.com/bitcoins-future-proof-of-stake-vs-proof-of-work/\"><ins>Proof-of-work or Proof-of-stake</ins></a>. All cryptocurrencies are maintained by a community of cryptocurrency miners who are members of the general public that have set up their computers or <a href=\"https://www.cryptocoinsnews.com/tag/asic-mining\"><ins>ASIC machines</ins></a> to participate in the validation and processing of transactions.</p>\n<h2><strong>History of Cryptocurrency</strong></h2>\n<p>The first cryptocurrency was Bitcoin. Bitcoin was created in 2009 by a pseudonymous developer named Satoshi Nakamoto. Bitcoin uses SHA-256, which is a set of cryptographic hash functions designed by the U.S National Security Agency. Bitcoin is a cryptocurrency that is based on the proof-of-work system.In April 2011, <a href=\"https://www.cryptocoinsnews.com/turkeys-twitter-ban-push-citizens-namecoin/\"><ins>Namecoin</ins></a>, the first <a href=\"https://www.cryptocoinsnews.com/altcoin/\"><ins>altcoin</ins></a>, was created to form a decentralized DNS to make internet censorship more difficult. In October 2011, <a href=\"https://www.cryptocoinsnews.com/category/litecoin-news/\"><ins>Litecoin</ins></a> was released and became the first successful cryptocurrency to use <a href=\"https://www.cryptocoinsnews.com/zeusminer-global-scrypt-mining-network-next-gen-scrypt-miners/\"><ins>scrypt</ins></a> as its hash function rather than SHA-256. This gave the general public the ability to mine for litecoins without the purchase of specific hardware such as the <a href=\"https://www.cryptocoinsnews.com/purchase-asic-scrypt-miner/\"><ins>ASIC machines</ins> </a>used to mine Bitcoin.Litecoin began receiving media attention in late 2013 – reaching a market cap of $1 billion.<a href=\"https://www.cryptocoinsnews.com/tag/ripple/\"><ins>Ripplecoin</ins></a>, created in 2011, was built on the same protocol as Bitcoin but services as &nbsp;a payment system – think of it like a Paypal for cryptocurrencies that supports any fiat currency, cryptocurrency, commodity or even frequent flier miles.</p>\n<h3><strong>Cryptocurrencies &amp; Market Capitalization</strong></h3>\n<p>Bitcoin is the largest cryptocurrency in both&nbsp;market capitalization,&nbsp;volume, acceptance and notoriety, but it’s not the most valuable coin. <a href=\"http://coinmarketcap.com/currencies/nemstake/\"><ins>NEMstake</ins></a>, while only having&nbsp;a market cap of $1,116,720, trades at $1,117 a coin. Looking at the market cap, <a href=\"http://coinmarketcap.com/currencies/litecoin/\"><ins>Litecoin</ins></a> takes second place after Bitcoin with <a href=\"http://coinmarketcap.com/currencies/ripple/\"><ins>Ripple</ins></a> close behind.One coin that you are more than likely familiar with is <a href=\"https://www.cryptocoinsnews.com/category/dogecoin-news\"><ins>Dogecoin</ins></a>. Dogecoin ranks, on average, thirds in trading volume, but has a relatively low market cap – ranking number six in the largest cryptocurrency.&nbsp;</p>\n<p><br></p>\n<p><strong>What is a Cryptocurrency Hash?</strong></p>\n<p>Cryptocurrency mining power is rated on a scale of hashes per seconds. A rig with a computing power of 1kH/s is mining at a rate of 1,000 hashes a second, 1MH/s is a million hashes per second and a GH/s is one billion hashes per second. Every time a miner successfully solves a block, a new hash is created. A hash algorithm turns this large amount of data into a fixed-length hash. Like a code if you know the algorithm you can solve a hash and get the original data out, but to the ordinary eye it’s just a bunch of numbers crammed together and remains practically impossible to get the original data out of.</p>\n<h2><strong>SHA vs. Scrypt</strong></h2>\n<p>While Bitcoin and a several other coins are mined using <a href=\"http://en.wikipedia.org/wiki/SHA-2\"><ins>SHA-256</ins></a>, Litecoin and many other coins, use <a href=\"http://en.wikipedia.org/wiki/Scrypt\"><ins>Scrypt</ins></a>. This are the two major hashing&nbsp;functions, but several different kinds exists and are used by other cryptpcurrencies such as <a href=\"https://www.cryptocoinsnews.com/tag/scrypt-n/\"><ins>scrypt-N</ins></a> and <a href=\"https://www.cryptocoinsnews.com/pros-cons-x11-algorithm/\"><ins>x11</ins></a>. The different hashing functions were adopted to answer concerns with the SHA-256. Before, individuals were able to mine Bitcoin with their GPU’s, which require a large amount of energy. But as Bitcoin grew in popularity, ASIC SHA-256 machine were built which&nbsp; made GPU mining obsolete.To give you an idea of just how powerful these machines are, a mining rig running 4 GPU’s would get a hash rate of around 3.4 MH/s and consume 3600kW/h while an ASIC machine can <a href=\"https://www.mining-asics-technologies.com/product/titanium-asic-bitcoin-miner-universal-sha/\"><ins>mine 6 TH/s</ins></a> and consume 2200kW/h. This effectively killed GPU mining and left many individuals worried about the security of the network. With less individuals being able to profitably mine from their home computer, the network become less decentralized. Scrypt mining was implemented with the promise of being ASIC resistant due to the memory problem it introduced.Scrypt hashes require lots of memory, which GPU’s are already designed to handle and ASIC machines were not. However, Scrypt mining require a lot of energy and eventually <a href=\"https://www.cryptocoinsnews.com/tag/scrypt-asic-miner\"><ins>scrypt-ASIC machines</ins></a> were designed to address this problem. At this point Litecoin considered<a href=\"https://litecointalk.org/index.php?topic=11864.0\"><ins>changing their proof-of-work function</ins></a> to avoid ASIC mining. Scrypt also taut that their proof-of-work is much more energy efficient than SHA-256. Bitcoin blocks are solved at a rate of 1&nbsp;per 10 minutes&nbsp;while Litecoin blocks are solver at a rate of 1 per 2.5 minutes.&nbsp;</p>\n<p><br></p>\n<h3><strong>Cryptocurrency Security</strong></h3>\n<p>The security of cryptocurrencies is two part. The first part comes from the difficulty in finding hash set intersections, a task done by miners. The second and more likely of the two cases is a <a href=\"https://www.cryptocoinsnews.com/4-lines-defence-51-attack/\"><ins>“51%” attack</ins></a>“. In this scenario, a miner who has the mining power of more than 51% of the network, can take control of the global <a href=\"https://www.cryptocoinsnews.com/bitcoin/\"><ins>blockchain</ins></a> ledger and generate an alternative block-chain. Even at this point the attacker is limited to what he can do. The attacker could reverse his own transactions or block other transactions.Cryptocurrencies are also less susceptible to seizure by law enforcement or having transaction holds placed on them from acquirers such as <a href=\"https://www.cryptocoinsnews.com/paypal-announces-bitcoin-integration-braintree/\"><ins>Paypal</ins></a>. All cryptocurrencies are pseudo-anonymous, and some coins have added features to create true anonymity.&nbsp;</p>\n<h2><strong>Cryptocurrency Legality &amp; Taxes</strong></h2>\n<p>While cryptocurrencies are <a href=\"http://bitlegal.io/\"><ins>legal in most countries</ins></a>, Iceland and Vietnam being an exception – Iceland mainly due to their freeze on foreign exchange, they are not free from regulations and restrictions. China has<a href=\"https://www.cryptocoinsnews.com/pboc-orders-all-chinese-banks-third-party-payment-processors-shut-accounts-15-chinese-bitcoin-exchanges-april-15th/\"> <ins>banned financial institutions</ins> </a>from handling bitcoins and <a href=\"https://www.cryptocoinsnews.com/russia-plans-bitcoin-ban-2015/\"><ins>Russia</ins></a>, while saying cryptocurrency is legal, has made it illegal to purchase goods with any currency other than Russian rubles.In the U.S., the IRS has ruled that Bitcoin is<a href=\"https://www.cryptocoinsnews.com/irs-virtual-currency-guidance-bitcoin-treated-as-property-u-s-federal-tax-purposes/\"><ins>&nbsp;to be treated as property</ins></a>&nbsp;for tax purposes, making Bitcoin subject to capital gains tax. The Financial Crimes Enforcement Network (<a href=\"http://www.fincen.gov/\"><ins>FinCEN</ins></a>) has issued guidelines for cryptocurrencies. The issued guidelines contain an important caveat for Bitcoin miners: it warns that anyone creating bitcoins and exchanging them for fiat currency are not necessarily beyond the reach of the law. It states:</p>\n<blockquote><em>“A person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.”</em></blockquote>\n<p>Miners seem to fall into this category, which could theoretically make them liable for MTB classification. This is a bone of contention for bitcoin miners, who have asked for clarification. This issue has not been publicly addressed in a court of law to date.</p>\n<h2><strong>Cryptocurrency Services</strong></h2>\n<p>There are&nbsp;a host of services offering information and monitoring of cryptocurrencies.<a href=\"http://coinmarketcap.com/\"><ins>CoinMarketcap</ins></a>&nbsp;is an excellent way check on the market cap, price, available supply and volume of crypto currencies. <a href=\"http://www.reddit.com/r/CryptoCurrency/\"><ins>Reddit</ins></a> is a great way to stay in touch with the community and follow trends and <a href=\"http://www.cryptocoincharts.info/\"><ins>CryptoCoinCharts</ins></a>&nbsp;is full of information ranging from a list of crytocoins, exchanges, information on <a href=\"http://www.cryptocoincharts.info/arbitrage\"><ins>arbitrage opportunities</ins></a> and more. Our very own site offers a <a href=\"https://www.cryptocoinsnews.com/bitcoin-winners-losers/\"><ins>list of crypto currencies</ins></a> and their change in value in the last 24hrs, week or month.&nbsp;</p>\n</html>",
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      "body": "Great copy paste from https://www.quora.com/What-is-STEEM-and-how-does-it-work \n\nIs this allowed?",
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      "body": "@@ -59,17 +59,17 @@\n well. Ke\n-p\n+e\n p up the\n",
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      "author": "bola",
      "body": "Nice post, i have some info that can help your viewers as well. Kepp up the good work.  https://steemit.com/ohnoanewupdate/@bola/developers-programmers-will-flock-steemit",
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      "body": "<html>\n<p><img src=\"https://i.imgsafe.org/d48b9d033c.png\" width=\"149\" height=\"149\"/></p>\n<p><br></p>\n<p>Steemit is a social network that looks and functions a lot like Reddit, but with one HUGE difference:<strong>Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work.</strong>This is possible because the Steemit platform is built on top of a new kind of digital currency called Steem. (Think Bitcoin, which is another kind of digital currency that has been around for a while.)Every day, new units of the currency are created by the network and distributed to its users, who can exchange these digital currency units for actual real money. And it’s completely free to get started.<strong>How does Steemit work?</strong>In some ways, Steemit is similar to other digital currencies. For example, Steemit currency units can be traded, bought, and sold on the open market just like all of the other digital currencies.With other cryptocurrencies like Bitcoin, the actual currency units that are created each day are distributed to the people who run a special bitcoin software program on their computers that perform a process called Bitcoin Mining. The amount of computing power you have dictates how much money you get.Steemit allows for currency mining as well, but it’s not the primary way to earn money. Every day, new Steemit currency units that are created by the network and distributed to the people who engage with the site. The more you engage, the more you get.People who create content are rewarded for their content. People who upvote content are rewarded for helping to curate the best content available on the site. Commenters who add to the discussions are paid too.<strong>The 3 Steemit Currency Units:</strong>One big difference between Steem and other digital currencies is that there are three different kinds of Steemit currency units.There is <strong>Steem</strong>, <strong>Steem Power</strong>, and <strong>Steem Dollars</strong>.<strong>Steem:</strong>Steem are the units that are bought and sold for actual money on the open markets. You can trade them as you would bitcoins or a company’s stock.But you don’t want to hold on to these for too long because more Steem Units are created every single day. If you hold onto Steem Units for a long time, they will become diluted and lose value.<strong>Steem Power:</strong>Owning Steem Power Units is essentially like making a long term investment in the currency because you can’t sell Steem Power Units for 2 years. But there are a lot of good reasons to have Steem Power.By keeping your currency as Steem Power Units, you will be able to make considerably more money in the long run because you essentially have ownership in the network. As the network grows, so will your piece of the pie.And you’ll be heavily rewarded along the way. The way things are set up now, 90% of the new Steem Currency that is generated every single day is distributed to the people who already hold Steem Power Units in the form of additional Steem Power Units. (The other 10% goes to content creators and curators).Half of the pay you receive for your content will be in Steem Power Units.Also, the more Steem Power Units you have, the more your curation vote will count. You will have more influence on the site and you will also get paid more for upvoting other people’s work. (When you upvote someone’s work, they will get paid more as well.)Steem Power Units also play one final and very important role. They prevent massive price swings and volatility on the open markets. Because everyone is locked in for 2 years, we can’t all sell our currency all at once if the market starts to dip, which would crash the price were it to happen.<strong>Steem Dollars</strong>:Steem Dollars are the third and final form of the currency and never get diluted or lose their value. They are designed to be a stable currency that you can sell at any time. When you create popular content, 50% of your pay will be in Steem Dollars.And you’ll be rewarded for holding Steem dollars too. It’s not nearly as much as the rewards for holding Steem Power. But because it still keeps the currency in the network, holding Steem Dollars pays 10% interest.<strong>When you earn Steem Dollars for creating content, you have three choices:</strong>1) You can convert the Steem Dollars to Steem and sell it immediately on the open market for real money, essentially cashing out.2) You can hold the Steem Dollars, which keeps the money in the network and pays you 10% interest. You can sell them at any time. If you think the value will go up and want to sell at some point in the near future, this is your best option.3) You can exchange your Steem Dollars for Steem Power. If you want to invest in the future of the currency and reap the biggest rewards, this is the way to do it.<strong>How are the newly created Steem distributed each day?</strong>Every day 90% of the new Steem units are rewarded to the people who hold Steem Power Units.10% of the new Steem units are paid to content creators, curators, and commenters.When you create content that actually earns money, 50% is paid to you in Steem Dollar Units that can be exchanged for actual money right away (or converted into Steem Power). The other 50% is paid in Steem Power. The Steem Power Units are locked up for 2 years.If you want to give it a try, I created this guide for getting started: <a href=\"https://steemit.com/steemit/@mindover/steemit-for-dummies-like-me-everything-you-need-know-to-get-started\">Steemit for Dummies (like me) - Everything you need to know made simple! — Steemit</a>&nbsp;</p>\n</html>",
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      "body": "<html>\n<p><img src=\"https://i.imgsafe.org/d47a51ad0f.png\" width=\"458\" height=\"334\"/></p>\n<p><br></p>\n<p>Ethereum, you would have heard about it by now. If not, then I guess you have been out of touch with the cryptocurrency industry for a while or you are really new to it. Well, don’t worry we will get you up to speed in this article.</p>\n<h4>What is Ethereum?</h4>\n<p>It is a relatively new cryptocurrency that is making waves in the cryptocurrency ecosystem. Unlike bitcoin, it is designed to be a smart contract platform based on the blockchain technology.The crypto tokens on this platform are called ether.&nbsp;Ether is designed to be used for making payments for hosting and accessing applications on the&nbsp;<a href=\"https://www.ethereum.org/\">Ethereum</a> blockchain.</p>\n<h4>What are Smart Contracts?</h4>\n<p>Smart contracts are programmable blockchain-based applications/transactions. These smart contracts can be programmed to execute the transactions automatically once the preprogrammed conditions are met. These smart contracts can be used for a wide range of applications including trade settlements, smart crypto-will and more.</p>\n<h4>Ethereum Mining</h4>\n<p>If you know about bitcoin already, then mining is not a new concept for you. Otherwise, Mining is a process where people who are part of the Ethereum network contribute their processing power to maintain the network. Being a vast, decentralized network, there will be thousands of miners who contribute the processing power to run the applications on the network. The processing power will also be used to create new blocks on the blockchain and process the ether transactions happening over the network as well. The miners will receive freshly minted crypto-tokens (ether) as a reward for their contribution to the network.</p>\n<h4>Ethereum Trading</h4>\n<p>Like any other cryptocurrency, ether has a value and they can be bought or sold for an equivalent value of other cryptocurrencies Or Fiat.<br>\nThere are many cryptocurrency exchanges that allow people to exchange Ethereum for other currencies and vice versa.Ether, like other cryptocurrencies, is dependent on demand and supply, making it volatile. The volatility of ether value makes it an ideal asset for trading. Ether can be hedged against other crypto and Fiat currencies to make gain profits as the price fluctuates.Ethereum has exhibited good growth in its value in the recent months. The increase in value can be attributed to various factors like the developments happening on the platform, it’s usage in different projects, future potential and increased trading activity. The surge in value has proven ether to be a promising tradable asset. This has created a demand on many bitcoin trading platforms. Forcing them to include it along with bitcoin and other cryptocurrencies.</p>\n<h4>Resources</h4>\n<p><em><strong>Ethereum wallets</strong></em></p>\n<ul>\n  <li>Kryptokit</li>\n  <li>MyEtherWallet</li>\n  <li>EtherWall</li>\n</ul>\n<p><em><strong>Ethereum Exchanges and Trading Platforms</strong></em></p>\n<ul>\n  <li>Bitfinex</li>\n  <li>Kraken</li>\n  <li>Poloniex</li>\n  <li>HitBTC</li>\n  <li>Bleutrade</li>\n  <li>Bter</li>\n  <li>Uphold (starting soon)</li>\n</ul>\n<h4>Ethereum Projects</h4>\n<p>There are many companies that are working on implementing Ethereum based projects. The most important ones include the Blockchain Banking Consortium project carried out by <a href=\"http://r3cev.com/\">R3CEV</a> along with 43 international banking institutions. the project involves creating a blockchain network connecting the partner banks to enable fund transfer over blockchain.Another project, taken up by <a href=\"http://digitalasset.com/\">Digital Asset Holdings Inc.</a> is for the <a href=\"http://www.asx.com.au/\">Australian Securities Exchange (ASX)</a>, which is working on replacing their old trade settlement system with a blockchain based system.Ethereum is already being implemented in live projects, while the platform is still in the development stage, giving a brief insight into the potential large scale use of the platform in near future. Hope this gives you a brief idea about the platform. If you want to know in-depth, please visit <a href=\"http://www.ethereum.org/\">www.ethereum.org</a>.&nbsp;</p>\n</html>",
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      "body": "<html>\n<p><br></p>\n<p><img src=\"https://i.imgsafe.org/d445d97a1b.png\" width=\"540\" height=\"700\"/></p>\n<p>Bitcoin was invented as a peer-to-peer system for online payments that does not require a trusted central authority. Since its inception in 2008, Bitcoin has grown into a technology, a currency, an investment vehicle, and a community of users. In this guide we hope to explain what Bitcoin is and how it works as well as describe how you can use it to improve your life.</p>\n<h2>What is Bitcoin?</h2>\n<p>Since anything digital can be copied over and over again, the hard part about implementing a digital payment system is making sure that nobody spends the same money more than once. Traditionally, this is done by having a trusted central authority (like PayPal) that verifies all of the transactions. The core innovation that makes Bitcoin special is that it uses consensus in a massive&nbsp;peer-to-peer network&nbsp;to verify transactions. This results in a system where payments are non-reversible, accounts cannot be frozen, and transaction fees are much lower.</p>\n<h2>Where do bitcoins come from?</h2>\n<p>We go more in-depth about this on the page about&nbsp;<a href=\"http://bitcoinsimplified.org/learn-more/mining/\">mining</a>, but here’s a very simple explanation: Some users put their computers to work verifying transactions in the peer-to-peer network mentioned above. These users are rewarded with new bitcoins proportional to the amount of computing power they donate to the network.</p>\n<h2>Who controls Bitcoin?</h2>\n<p>As we mentioned above, there is no central person or central authority in charge of Bitcoin. Various programmers donate their time developing the open source&nbsp;Bitcoin software&nbsp;and can make changes subject to the approval of lead developer Gavin Andresen. The individual <a href=\"http://bitcoinsimplified.org/learn-more/mining/\">miners</a>then choose whether to install the new version of the software or stick to the old one, essentially “voting” with their processing power. It is in the miners’ best interest to only accept changes that are good for the Bitcoin currency in the long run. These checks and balances make it difficult for anyone to manipulate Bitcoin.</p>\n<h2>How to get started with Bitcoin</h2>\n<p>The best way to learn about Bitcoin is to get some and experiment. We have written articles about <a href=\"http://bitcoinsimplified.org/get-started/how-to-set-up-a-wallet/\">how to set up your own Bitcoin wallet</a>, <a href=\"http://bitcoinsimplified.org/get-started/how-to-buy-bitcoins/\">how to acquire bitcoins</a>, and <a href=\"http://bitcoinsimplified.org/get-started/how-to-use-bitcoins/\">how to use bitcoins </a>to help you get going. We have also written about <a href=\"http://bitcoinsimplified.org/learn-more/\">a number of other Bitcoin topics</a> if you prefer a hands-off approach to learning. If your questions remain unanswered, please <a href=\"http://bitcoinsimplified.org/ask-us/\">contact us</a> and ask us anything you like.&nbsp;</p>\n</html>",
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      "body": "Source: http://cointelegraph.com/news/steemit-may-become-killer-app-as-it-looks-to-draw-1-mln-bitcoin-users-yearly",
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      "body": "<html>\n<p><img src=\"https://i.imgsafe.org/d42e285d51.png\" width=\"149\" height=\"149\"/>&nbsp;<img src=\"https://i.imgsafe.org/d432410770.png\" width=\"130\" height=\"130\"/></p>\n<p>The exponential rate at which <a href=\"http://coinmarketcap.com/currencies/steem/\">Steem</a> grows may put on fast track a solution to the scaling issue that the Bitcoin community faces.Steem is a digital currency behind <a href=\"https://steemit.com/\">Steemit</a>, a&nbsp;decentralized social media platform which rewards posters and voters online. Scaling Bitcoin has become a hot button issue in the community. 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The Steemit team continues to work extraordinarily hard to get things back to normal as swiftly as possible. CEO Ned Scott may post updates to the situation on the Steemit website from time to time, and we plan on sharing those with the media simultaneously whenever possible.”</em></blockquote>\n<h2>Overtaking the DAO</h2>\n<p>With Steemit being touted to be the bridge that has the ability to bring people who have no interest in cryptocurrency into its world, Steem overtook <a href=\"https://daohub.org/\">The DAO</a> to be the world’s fifth most valuable cryptocurrency following its 1000% plus growth in the days following Steemit’s first cryptocurrency payout on July 4. &nbsp;After the $1.3 million giveaway, the number of transactions, posts, votes and new users signing up to Steemit’s decentralized Reddit-like platform tripled.In a media release its CEO, Ned Scott, says:</p>\n<blockquote><em>“After the successful payout on July 4, consumers have seen that our system really works. Everyday users are jumping onboard our social network and many early adopters have benefited. People have started saying that they have paid their rent with money earned on Steemit. Others have bought cell phones, washing machines, and even paid their electricity bills. We have constructed perhaps the first Blockchain application that anyone can use. Content creators and curators have enjoyed earning valuable crypto rewards through a fun and seamless experience.” &nbsp; &nbsp;</em></blockquote>\n<p>Steemit is on track to become one of the largest and fastest growing cryptocurrency projects worldwide in less than three months of its inception. As Steem reaches millions of people in the next year, it could possibly choke Bitcoin's capacity if all the people were to use Bitcoin as a gateway to buy in and/or cash out each month.<a href=\"https://steemit.com/@eeks\">Eeks</a>, in a <a href=\"https://steemit.com/bitcoin/@eeks/steemit-is-bitcoin-s-killer-app-or-evidence-numbers-and-analysis\">post</a>&nbsp;on Steemit, wrote that Steemit is the killer app Bitcoin has been waiting for to bring fresh and diverse people into Bitcoin and into cryptocurrencies.The writer says Bitcoin companies and their products do nothing for people outside the one percent who know and use Bitcoin. He cites <a href=\"https://purse.io/\">Purse.io</a> as the closest thing to a Bitcoin killer app to convince those outside the cryptocurency community but, as yet, hasn’t had much luck. The same applies to <a href=\"https://openbazaar.org/\">OpenBazaar</a>, Bitcoin gambling and P2P lending sites, who have not provided a reason for those people to care about Bitcoin or a need to have it, except for speculative purposes.In an analogy, the writer concluded, based on available figures, that the new social media site could acquire at least a million Bitcoin active onboard users in a year.</p>\n<blockquote><em>“And if it happens as I expect, Steemit will acquire 1 million or more people onboard per year. That's 1 million people becoming more comfortable with crypto, finding it usable and relatable. That's a huge win for Bitcoin and crypto. The value of any cryptocurrency are the people involved and the network effects they bring, all enabled by the underlying technologies and their usefulness. 1 million more active users into the cloistered world of cryptocurrency seems like a valuable breath of fresh air. Steemit, despite not even being a Bitcoin project, looks like it has the potential to be Bitcoin's killer app. Bitcoin holders rejoice.”</em></blockquote>\n<p>In a <a href=\"https://steemit.com/bitcoin/@dantheman/can-bitcoin-scale-to-keep-up-with-demand-created-by-steem\">post</a>&nbsp;by &nbsp;<a href=\"https://steemit.com/@dantheman\">dantheman</a> on Steemit, the writer says:</p>\n<blockquote><em>“If Bitcoin and other cryptocurrencies wish to benefit from Steem's attraction of new people to cryptocurrency, then they will need to solve the scalability problem much faster than previously anticipated. Failure to scale means the market could pass them by altogether.”</em></blockquote>\n</html>",
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      "body": "<html>\n<p><br></p>\n<p><img src=\"https://i.imgsafe.org/d0d89a88c8.jpg\" width=\"439\" height=\"900\"/></p>\n<h3><em><strong>The Awakening Of Psyche is a painting by Guillaume Seignac&nbsp;</strong></em></h3>\n<p><br></p>\n<p>&nbsp;<img src=\"https://i.imgsafe.org/d0d5ec749b.jpg\" width=\"600\" height=\"800\"/></p>\n<h3><em><strong>Burdick - Forest Beauty</strong></em></h3>\n<p><br></p>\n<p>&nbsp;<img src=\"https://i.imgsafe.org/d0fc07c82a.jpg\" width=\"581\" height=\"700\"/></p>\n<h3><em><strong>Steve Hanks</strong></em></h3>\n<p><br></p>\n<p><img src=\"https://i.imgsafe.org/d104d94423.jpg\" width=\"640\" height=\"764\"/></p>\n<h3><em><strong>Alain Dumas</strong></em></h3>\n<p><br></p>\n<p>&nbsp;<img src=\"https://i.imgsafe.org/d16350b092.jpg\" width=\"590\" height=\"900\"/></p>\n<h3><em><strong>Mona Lisa, by Leonardo da Vinci</strong></em></h3>\n<p><br></p>\n<p>&nbsp;<img src=\"https://i.imgsafe.org/d15486a6dc.jpg\" width=\"745\" height=\"600\"/></p>\n<h3><em><strong>Lady Godiva, by John Collier</strong></em></h3>\n<p><img src=\"https://i.imgsafe.org/d15afa0390.jpg\" width=\"900\" height=\"694\"/></p>\n<h3><em><strong>&nbsp;Summer On The Beach, by Paul Fischer</strong></em></h3>\n<p><br></p>\n<p><img src=\"https://i.imgsafe.org/d15df3f991.jpg\" width=\"900\" height=\"706\"/></p>\n<h3><em><strong>&nbsp;The Jewel Case, by Guillaume Seignac&nbsp;</strong></em></h3>\n</html>",
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