CRYPTOSILV

Part 6. Between the poor and the rich, there is a gap that can't be jumped or swum. You can be the best in your field but if you don't come to this realization, you might remain mediocre all your life. If you don't believe me, lets examine Edison and Tesla. Nikola Telsa was one of the brightest mind of the 20th century. A winner of the War of currents. On a contract with Thomas Edison's company he recoiled the electric dynamo and created the A. C circuit. As if that's not enough, he postulated inductive electricity in which power can be beamed from masts, much like radio waves. Of course he did all of this but it's a shame, Tesla died in poverty. The reason? he didn't care about the gulf between the rich and the poor. Telsa was a scientist, not a businessman. He thought he could 'smart' his way through. He thought intelligence is the only factor of success and little wonder he failed. Thomas Edison on the other hand attended only...

Part 5. Show me a winner and I would show you an hard worker. It's true, the workaholics are mostly the winners and champions. But before you head to the gym poised to work yourself to death, let him give you a rude awakening, this is not so all the time! Hard work only gets you to the door, it doesn't get you the deal. Of course you have to get yourself to the door to stand any chance of winning, but if you don't have that extra something, you might consider all your work for naught. The reward for hard work is more hard work not success. Success is a gift not won but something you qualify for if you play by the rules of life. In life you would see people who do everything but don't succeed. Then also there are people who don't do much and success flows. It's all about chance and positioning. You can land the best job of your life, if you position yourself well. And by hard work and chance you would ride the highs of success. The chances of lif...

When the game is rigged, you don't have to play by the rules. Once upon a time God created man on a earth filled with beautiful lush resources. To access this wealth, Man created an institution, a system of rules and regulations which determines and controls who had access to the wheels of this power. This institution is the financial market and like it or not, like a Magician waving his wand, it controls a chunk of your life. Money makes the world goes round, it's the wheel  of progress and when you gat no dime in your pockets, getting the basic life necessities becomes a World War. I haven't been in a war mate, but I know it ain't fun. Now how do you get money and sort out your finance? When you were in school you learnt that if you studied well and got a good certificate you would be set in life. Well, that's crap, isn't it. I believed that for a long time, I held on to it for ages. Not until I finished school and I enrolled into the school of ...

Someone ask me on Quora: How do I start investing in crypto currency smartly? Is it too late to start? My Reply: The best was probably in 2011. But you are not too far behind. I can say entering while the weak hands are exiting is a perfect time. The market is red, everyone is panicking. I'll suggest you start with Bitcoin. The reason is not farfetched. It is the first and the most secured cryptocurrency there is. Concerning investing smartly, well continue to ask questions from people who have been there, done it make mistakes and learnt vital lessons along the way. You can't avoid mistakes, but you can minimize it if you follow people who know a lot about cryptocurrencies. Crypto Twitter will be a place to go. Also I answered a question about investing in Bitcoin. You can read it  here . Want to gift your love ones customized watch for this holiday? Visit our  website to order yours.

Someone ask me on Quora: How much will 1 Bitcoin be worth in 5 years? My Reply: Given the fact that Bitcoin needs wide spread adoption, the minimum value of Bitcoin in five years time will be at $100, 000.00 in the least. These are my reasons: 1.        The last bull run nearly push the price of Bitcoin to $20, 000.00 2.       The fact that more people will learn more about Bitcoin most especially the millennial generation. 3.       The traditional institution by then would have invested in it pumping the price to the moon. 4.       Solutions to scalability problem. 5.       The lost in value and trust in state owned currency i.e. National Currency These are what I could think of right now that will drive the price up. It could worth more than that. Want to gift your love ones customized watch for this holiday? Visit our  website ...

Someone ask me on Quaora " Do you think cryptocurrency is going to go back to being as valuable as it was? " Actually I can't just speak for every Cryptocurrency but Bitcoin is going to shoot past the previous All-Time high and set a new price record. Bitcoin is the next evolution of money. Even though it has not ticked off all the boxes of an hallmark of currency, it is currently serving as a good  store of value . With the rate inflation is destroying National Currency (Zimbabwe Venezuela, Turkey…) as just few examples the natural evolution of money is for humans to move   on to something that's scarce, fungible, valuable… Bitcoin is fitting the bill each day. So Bitcoin for me. Other cryptocurrencies I am bullish on includes: 1.        Ethereum 2.       BitcoinCash 3.       Dash 4.       Litecoin

Today, cryptocurrency mining operators could benefit from taking out loans while using their mined coins as collateral to cover their expenses and persevere during the current bear market. MINERS CAN’T HODL…OR CAN THEY? Large-scale miners have enormous fixed costs, which they must pay regardless of the price their mined coins are currently worth. Indeed, many mining farms operate on thin margins and a shoestring budget, where expenses like electricity, rent, and other overhead costs must be covered monthly or the operation goes under water. Bitcoin and cryptocurrency mining, in general, is a cutthroat business where even the tiniest of advantages can give your competitors the advantage.  Renewable energ y sources, algorithm optimizations, superior cooling systems, and government subsidies are just some ways certain miners try to edge out the competition. But regardless of whether you’re running  AsicBoost  or not, miners must still pay thei...

Scholars from a number of leading research universities have recently come together to tackle the issue of how blockchain technology and regulatory frameworks can co-exist and promote the adoption of blockchain technology. Abelian, the “Accountable Privacy” initiative, is a collaborative effort between the research institutes of Nanyang Technological University (NTU) of Singapore, Shanghai Jiao Tong University (SJTU) of China, and the University of Wollongong (UoW) of Australia. The development is handled by Hong Kong based blockchain development firm CryptoBLK, which is well-known for its previous development work for HSBC and ING. “When a new technology emerges, there is generally period of grey zones as markets and regulators figure out ways to adapt to each other,” says Professor Huaxiong Wang at Singapore’s Nanyang Technological University. He is joined by three other scholars in cryptography on this project Abelian.   “Today’s financial regulatory framework is bu...

The longest fiat currency in the world is the British pound. It has been in existence for more than 300 YEARS . I saw an article online talking about it. Not well articulated but draws out the fact that "the pounds sterling has lost 99.5% of its value". This goes to show that for someone who has decided to use the fiat currency as it store of value, it is in for the losing game. The constant devaluation of our currency make it the worst form of store of value. In this generation, savers are losers. You can not save your way to be a millionaire. You have to invest. This is not a Financial Advice!  Do your own research. One of the most liquid investment around is cryptocurrency. Bitcoin which is the oldest and most important of it all is working like Gold. Since inception, bitcoin has performed incredibly well against the US Dollar. As impressive as it sounds, it does not come without some demerits. It is highly volatile. The risk is solely yours i.e. you are resp...

Author of the book ‘Mastering Bitcoin’ and noted bitcoin advocate Andreas Antonopoulos believes that a Bitcoin ETF is imminent. However, he insists that the long-term implication of such fund will do more harm than good for the original cryptocurrency. Intermediary Bitcoin ownership Antonopoulos described an exchange traded fund(ETF) as a fund that has a custodian or a manager who creates a financial instrument that can be traded like a stock but in the actual sense of it, it isn’t a stock. So for a Bitcoin ETF, this fund is expected to hold Bitcoin, and then sell shares in the Bitcoin reserve that represent the price of Bitcoin. This system of investment allows people to buy the eventual shares as ‘stocks’ through their regular brokers, and traded on the stock market. Practically, in this case the investors do not hold or own actual Bitcoins. They simply own shares of Bitcoins owned and held by the custodian. So essentially, it only provides opportunities for market prac...

Vocal cryptocurrency skeptic Paul Krugman is offering a more complete picture of his views on Bitcoin and blockchain. At ChainXChange, a recent blockchain conference in Las Vegas, Krugman joined Fundstrat co-founder Tom Lee and Ripple’s chief marketing strategist Cory Johnson on a panel focused on the future of money. From the start, Krugman admitted he hasn’t looked at the entire cryptocurrency industry at large, and has instead focused on trying to learn how Bitcoin works. “Bitcoin is the only one I halfway understand,” Krugman said, reports Nulltx. Krugman then admitted that despite his concern that Bitcoin mining uses a lot of energy, the leading cryptocurrency already has more utility than gold. Gold is dead… Bitcoin has more utility than gold. There is some chance for Bitcoin to be valuable in the future.” When comparing Bitcoin’s utility compared to fiat, Krugman says his major issue is the cost of transactions used to transfer BTC. He believes if those fees were...

PayPal has come in for fresh criticism as commentators renew claims the company has all but failed in its mission to transform money usage. PAYPAL SLIPS UP IN TURKEY Now, amid reports of fresh account freezes in order to bend to regulatory demands in some jurisdictions, cryptocurrency industry figures are more skeptical than ever of the company whose original remit was to break down borders associated with payments and give consumers borderless freedom. “PayPal’s original vision was to prevent governments from doing exactly this,” Messari CEO Dan McArdle tweeted August 14 in response to PayPal’s admission it had blocked access to customers from Turkey. “We have no choice but to suspend processing payments in your region. We will continue to seek to obtain the necessary approvals to enable us to recommence PayPal services in Turkey in the future,” the agent explained. Responses to the message quickly turned to suggest those affected use Bitcoin instead. …BUT BIT...

Jeffrey Tucker, economist and editorial director for the American Institute for Economic Research, is calling out banking elites and governments for their long-standing monopoly on money, which has led to “world wars, depression and inflation, enormous government indebtedness, and the rise of leviathan states that learned to print their way to power and riches.” In a recent report, Tucker advises central banks and governments to stop meddling in the world of crypto — where they’re not wanted, not qualified and not going to succeed. But banks are hardly lying down and rolling over. They’re lining up solutions to kick Bitcoin and crypto to the curb, challenging the fintech startups that are vying to take away their monopoly and world dominance. Tucker addresses their central scheme to stop the competition: issue their own digital currencies. But a government-backed, central bank-branded coin would have nation-state borders and would live on a permissioned blockchain. It would ...

Dash CEO and former Wall Street executive Ryan Taylor spoke out about the recent Wall Street activity seen in the cryptocurrency space recently, with ICE establishing a bitcoin market and financialization coming in from other avenues of the traditional finance world. Dash CEO Explains Why He Left Wall Street to Go All in on Crypto In an exclusive interview “I was led away from Wall Street for two primary reasons. The first is the tremendous opportunity I believe is inherent in the space. This is an incredibly immature industry with enormous potential for well-run projects. The second reason is that this technology has the potential to change the world for the better by empowering some of the most disaffected people in the world with a greater degree of financial freedom. It is truly an exciting place to be working.” Dash is a cryptocurrency and a digital autonomous organization (DAO) aimed at enabling merchants to handle private payments in crypto. The currency has been ad...

Ecobank Report Finds Significant Presence of Crypto in 36 African Countries A report published by the pan-African bank, Ecobank Transnational Inc., has found that despite cryptocurrencies exerting a notable presence in each of the 36 African countries in which the company operates, only South Africa and Swaziland have adopted a “generally favorable and permissive [regulatory] stance” pertaining to cryptocurrencies. Africa’s Regulators Adopt ‘Wait and See’ Approach Regarding Cryptocurrencies Ecobank’s report finds that “As in many other parts of the world, African governments and central banks are mostly adopting a ‘wait and see’ approach when it comes to regulating cryptocurrencies.” The report states that “Many African governments and regulators recognize both the risks and the potential positive impacts of cryptocurrencies,” and that some African governments have shown an “appreciat[ion of] the difference between cryptocurrencies and the underlying blockchain technology....

Bob Goodlatte, the chair of the House Committee on the Judiciary, has reported his private cryptocurrency holdings – making Mr. Goodlatte likely the first member of the United States Congress to disclose private investments in the form of virtual currencies. Member of U.S. Congress Holds Between $17,000 and $80,000 USD in Crypto Representative Bob Goodlatte, the chair of the House Committee on the Judiciary, has reportedly become the first member of the United States Congress to report private cryptocurrency investments. As per Mr. Goodatte’s annual financial disclosure report that was filed on the 10th of May 2018, Mr. Goodlatte owns Bitcoin Core (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). The report indicates that Mr. Goodlatte then owned between $15,001 and $50,000 worth of BTC, whilst also holding positions in BCH and ETH valued at between $1,001 and $15,000 each. Representative Goodlatte a Likely Candidate for Crypto Holdings Mr. Goodlatte’s private ...

The author of the best-selling finance book “Rich Dad, Poor Dad”, Robert Kiyosaki, expressed his concerns about the US dollar and the fact that there’s nothing to back it up. He also holds that cryptocurrencies will eventually replace it. ‘FAKE MONEY’ The finance book “Rich Dad, Poor Dad” went on to sell upwards of 32 million copies, turning it into a multinational sensation. The book advocates the overall importance of financial literacy. Its author, Robert Kiyosaki, shared his concerns about the current state of the US economy and its currency – the dollar, which isn’t backed by gold since President Nixon conclusively took it off the gold standard in 1971. The author of the bestseller holds that this turned the US dollar into “fake money”: I’ve always been a gold bug. My latest book coming out is called Fake. There’s so much fake money. In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money. https://bitcoinist.com/rich-dad-poor...