Cryptocurrencies Are Changing The World!
The total value of the world's money is $90,4 trillion. This post aims at enthusing, uplifting and helping people.
My name is Guillaume Cardinal. I learned about Bitcoin in the summer of 2011 and began investing in 2013.
The Cryptocurrency Revolution Explained
I highly recommend Dan Larimer's most recent talk: "Introduction to Blockchain: Daniel Larimer at Virginia Tech"
"My missions in the past decade has been to find free-market solutions for securing life, liberty, property, and justice for all. And what I mean by that is nonviolent, voluntary solutions for securing the things that matter the most to us, our liberties and freedom, our property rights and blockchain technology happens to be the most effective tool we've ever created for doing just that." @dantheman
Some Hard Economic Facts
Some cryptocurrencies have no transaction fees.
- Total value of the world's money is $90,4 trillion (cia.gov)
- USD's purchasing power is 5% what it was in 1913 (link)
- Global Stock Market $73 trillion (link)
- The world's gold $7.7 trillion
- Bitcoin market cap $131 billion (link)
- Cryptocurrencies market cap $346 billion (link)
- Global Debt $215 trillion (link)
- Global Real Estate $217 trillion (link)
- Derivative Market, low end estimate, $544 trillion (link)
- Stock of broad money per country (cia.gov)
- Global GDP $80 trillion (link)
- $5.1 trillion traded everyday on Forex Exchange (link)
- List world largest public companies (forbes)
- IPO raised $196 billion in 2017 (link)
- ICO raised $5.6 billion in 2017 (link)
- ICO raised $6.3 billion in 2018 first quarter (link)
- Bitcoin transaction fees rough estimate 0.4-3.8% (link)
- Bitcoin mining reward in the last 24h, $14 millions (link)
- Venezuela's 2018 inflation 25,000%+ (link)
- Zimbabwe's 2008 inflation 79.6 billion percent (link)
- The 20 countries with the highest inflation rate in 2017 (compared to the previous year)
- Largest IPOs worldwide as of March 2018 (in billion U.S. dollars)
- The State of the Token Market: A Year in Review & an Outlook for 2018
- The Reality of America's Finances
- Projected Bitcoins Short Term
- Bitcoin combined order book at $7,700 - (2018-06-07, 07:06:56)
Most Interesting Crypto News
Edit: International Monetary Fund Suggests Cryptocurrency Could Replace Fiat Currencies
SEC Chairman Clayton: Bitcoin is not a security.
Coinbase Acquires Financial Services Firm to Become SEC-Regulated Broker Dealer
Bitcoin ETF Dreams Kept Alive With New SolidX, VanEck SEC Filing
The fund will be physically-backed, which means it will hold actual Bitcoin, and will be insured against loss or theft of the cryptocurrency, according to the firms.
Ripple (XRP) Expects a Bullish Trend Shortly – Currencies Direct adopts Ripple
Ripple will save the bank and its client from 40% to 70% in transaction costs and fees and the speed is overwhelming. A transaction takes about two minutes to complete, compared to the traditional SWIFT system which takes much longer.
Bitcoin Mining’s Electricity Bill: Is It Worth It?
I don't think that the current level of energy consumption is worrisome. We are only at 0.2-0.5 percent of the worldwide electricity consumption. Like Morgan Stanley researchers said in their reports cryptocurrency miners are currently just a "blip on the radar" for utilities”
China State TV: Blockchain Is '10 Times More Valuable Than the Internet'
‘Almost Irresponsible’ to Not Invest in Bitcoin: Billionaire Mike Novogratz
Billionaire Mike Novogratz is most bullish on EOS (Bloomberg on June 5, 2018)
Full interview here. Duber interesting!
EOS Core team to have another Go / No Go voting on Friday 0100 UTC
Google Courts Ethereum Founder for Possible Cryptocurrency Project
Quantum Computing ‘Poses No Realistic Threat’ To Bitcoin: Research
Popular fears about the continued rise of quantum computing and its security implications for blockchain technology are misguided and blown out of proportion.
This is the professional opinion of Jeffrey Tucker, Editorial Director at the American Institute of Economic Research. Tucker is of the view that the fear of quantum computing as an existential threat to bitcoin and other blockchain applications is based on scare-mongering and ignorance.
Another Cryptocurrency Experiences 51% Attack, Following Bitcoin Gold and Verge
Once the investigation was finished, the ZenCash team still found that there were two double-spent transactions. This meant that the hacker, whoever it was, was permitted to spend their 19,000 ZenCash two times, effectively doubling the worth of their ZenCash.
At current market values, the over 19,600 ZenCash which the hacker double-spent is worth around $558,000, not a figure to laugh at.
Here’s how much it costs to launch a 51% attack on PoW cryptocurrencies
The actual app can be found here.
Google, Facebook and Uber: Has Their Blockchain Time Arrived?
British company Juniper Research recently published a study which suggests that the use of blockchain technology by multinational companies is just a matter of time. Analysts report that nearly 6 out of 10 corporations are considering application of this technology or already in the process of developing corporate blockchain services.
Earlier, Cointelegraph reported that Microsoft and Amazon were considering the possibility of integrating blockchain technology into a number of their platform services. These are not the only cases where multinational corporations are making waves in the crypto space. For example, Huawei is loading its phones with a built-in Bitcoin wallet, Samsung revealed its plans to use blockchain for managing its global supply chain, and IBM has announced a partnership with Nestle, Unilever and Walmart to assist with identifying and preventing contaminated products from reaching consumers.
Meet Bestmixer, the Bitcoin Tumbler Trying to Outwit Chainalysis
Bitcoin tumbling service Bestmixer has added a slew of new features designed to enhance anonymity. A triple-tier service provides varying levels of privacy, all geared around outsmarting the blockchain forensic tools deployed by companies such as Chainalysis.
Is Ripple (XRP) Becoming a Global Currency Reservoir as Bulls Set in?
With a sizeable reserve, Ripple is able to help Zover 75 partner banks settle inter-bank debts within seconds. The Ripple products have proved it only takes a few seconds to send through banks to help in humanitarian emergencies across the globe. It no longer makes sense to use the banking system to send aid to affected communities while it is faster through Ripple xRapid.
Ripple (XRP) Just Went Live in Europe: Santander Releases OnePay FX
Santander has officially released OnePay FX app which means that millions of users that have put their trust into the Santander bank can now use this mobile application in order to send fast cross-border payments globally.
How bitcoin and cryptocurrencies went from Wall Street to the high streets of Southeast Asia
“[Digital token-based loans are] absolutely much better than the traditional ones,” said Sachaknisay Sov, who used to borrow money from friends and local lenders. “It has a lower interest rate.”
Previously, he paid at least 18 per cent interest for every penny he had borrowed. Now, he pays 5 per cent.
Other Interesting Crypto News
An old Alcoa plant in Upstate New York is going to be converted into one of the world's largest bitcoin mining centers
Bitcoin Down in Google Searches But Still Bigger Than Beyonce
Major Wall Street Firm Secretly Traded Bitcoin for Over Two Years
This hacker made $120K in a week by finding bugs in EOS cryptocurrency
Apple Co-Founder Steve Wozniak: "What an Incredible Thing Bitcoin is"
Watch Billionaire Tim Draper ‘rap’ about Bitcoin at #TNW2018
Cryptocurrency Exchanges Are Drowning in Tokens
NASDAQ supports Stellar (XLM) in a move to enter the crypto world
Bitcoin’s Chance at the $20 Trillion Offshore Tax Haven Market
Depending on the study, as much as $20 trillion is hidden away from government tax farmers. However, loopholes are closing as lawmakers discover them, perhaps creating just the use case bitcoin needs to thrive in the near future.
Ripple to get listed on NASDAQ powered DX.Exchange
The exchange in question here is DX. Exchange. According to its website, DX.Exchange is touted as the first complete crypto community that allows individuals as well as institutions to trade cryptos, purchase cryptos with fiat and then convert them back to fiat.
The exchange is built on the market-leading matching technology of NASDAQ. In a way, it also represents one of the world’s biggest stock exchange’s entry into the crypto market, however indirectly it is.
The exchange is scheduled for the release this month but the date for the same is not decided yet.
Internet Giant Baidu Unveils Energy-Efficient ‘Super Chain’ Blockchain Protocol
Dubbed ‘Super Chain,’ chief scientist at Baidu’s blockchain division Xiao Wei revealed the protocol at a local conference over the weekend.
EOS Mainnet Status
Brock Pierce LIVE On EOS Launch Day
Very interesting talk by billionaire Brock Pierce
"Money is backed by men with guns. Bitcoin is not, so why would this thing have any value?" Paul Krugman, Nobel Memorial Prize in Economic Sciences (Source)
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- Thank You Dan Larimer! You're A Great Mentor! (re-tweeted by Brock Pierce and 90 other people)
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- Understanding Bitcoin
- Understanding Bitcoin Cash
- Buying Bitcoin
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- Proof Of Positive Influence
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They definitely are :D
Life is changing as they are growing.
We are facing the perfect society! <3
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in that you have all the reason .... this society is changing to an alarming ricmo
in that you have all the reason .... this society is changing to an alarming ricmo
in that you have all the reason .... this society is changing to an alarming ricmo
It's amazing how much cryptocurrencies are changing the world. Thank you for the research done to present such information. xo
They are definitely changing the world!! I grew up in Venezuela and i totally can tell you how things are working there and how their citizens can benefit.
As you mentioned, the inflation percentage is in the 5 digits and increasing. The minimum wage there is about $2 a month. Now let's take steemit for example. Imagine they make $2 extra a month writing articles and curating content, that's already an extra salary!! What if they make $10? $100? It definitely can solve a lot of their problems, at least helping them to put food in their tables, which is scarce nowadays...
Of course there are some logistic problems with the exchange and all that but it's definitely not impossible. Moreover they could use crypto to buy goods online from other countries 😊
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Infact the chart explained it all, I am happy to be part of the revolution. Thanks for putting up this information.
All we have to do is stay in the game! Anyone in the crypto game now, just stay in it! You will reap the rewards .
I agree this is the start of a new order. Decentralisation of wealth and power.
I'm not shaking because I strongly believe in crypto
We don´t need much to see that we have a global problem, look at the debt from america's finances, it's ridiculous, and it is an exponential growth.
Ponzi Games is the world we live in, Ponzi was arrested because he created a scheme doomed to failure. My point is, the countries around the world are using debt to pay older debt, and it is getting bigger and bigger, is just a matter of time until something goes wrong and explodes the whole system.
Cryptocurrency through decentralization, and transparency is definitely shaking up organizations and nations as a whole. There is a lot of room for growth and adoption coming up that I feel would lead to a more honest and individual distribution of responsibility for how the future turns out for everyone on planet Earth.
I don't think that quantum computing would stay a problem, even if it initially starts that way. With every type of breach, there will always be new advances made by blockchain to counteract it. Just because operating systems get viruses, doesn't mean that they can't be updated!
Crypto currencies are changing the world and I am happy to become part of this through steemit. Nice article .
i fully agree, crazy how many people are still skeptical about crypto
Different type of business are starting to include cryptocurrencies. I think that eventually it will really change the future for the better.
We have to begin to understand that this is going to be a change in the way we relate to the economy
Best of luck
Nice post
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Nice comment
That's a very detailed information about Crypto's I hope it will do good as time pass by. Thank you for this!
Congratulations
@teamsteem, best wishes for success! You are doing a valuable service for the steemit community. Steem on.
luck man