CRYPTOSILV

Part 8. I have always wondered why the Rich seclude themselves to one area of city. Think Beverly Hills in Hollywood or ShunYi and ChanPing in Beijing, Mitte-Tiergarten or Grunewald in Berlin, Ternes and Monceau in Paris, Maitama, Abuja, Ajah and Lagos Island of the ever busy city of Lagos, then you should understand. These are different cities from different countries but they are all the same when it comes to the rich segregating themselves from the poor. Contrary to what you might be thinking, this segregation is not because of pride or contempt for the poor, many rich people now were sometime hustlers and impoverished. So belittling their days of humble beginnings would be a slap on their own face. They separate themselves because they have activated a strange thing called a "millionaire's mentality". Believe it or not there is a millionaire's mentality and the way it works not only baffles the poor, it irks them too. It's your...

Part 7. The game of wealth can be likened to a football match. Twenty Two (22) Players are allowed to play for 90 minutes. Say for the substitution of both teams and few coaching staffs the majority of the stadium are spectators. It reminds me of the game between the old rivals Manchester United and Liverpool played on the 20th of October, 2019 at Old Trafford with much hype and how Liverpool have the edge and probably  the game will be the last of Ole Gunnar Solskjær coaching Manchester United. Too much of hype and prediction favouring Liverpool due to their form. Eventually, the game was played and it was a one all draw. After so much hyping and the likes... The take home from the story above is that the game has been played. The players either win or draw got paid. The spectators on the other hand, didn't get what they were wishing for. Spectators were left for the what ifs, analogy, scrutiny and many more... Like the football game, the game of wealth was desi...

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 ...

When the game is rigged, you don't have to play by the rules. Since the start of time, powerful empires have risen through history. And the one major prerequisites for glory and power had always been a standard financial system. Be it Ancient Egyptian or Babylonia or even recently Rome, wealth have been the driving force that spurred these empires forward. They could command great armies, buy Calvary and acquire the state of the art technology that gave them an edge in produc tion, industrialization and warfare. Not taking anything away from the industriousness of these empires, a spark that ensured they stayed in power is they knew something other nations didn't. They knew that the game of wealth was rigged and you need not play by the general rules to win. Of course they preached about the real 'rules' of the game but then they played by the rigged rules that ensured their victory. That pattern has been carried into modern empires of America and China. ...

There are some foretelling signs that shows that the global financial crises is looming, For some times now, Governments around the world are facing an upward task of balancing there sheet when it comes to financing. But the inevitable is here. The governments are in territories that have never been before. The interest is at its lowest in decades and Quantitative Easing is no longer feasible. Printing more money will lead to hyperinflation. Everything is pointing to a looming doom! Here are the four Events as it unfold 1. Government Debt As said earlier that we are now in the territories we have never been before in history of humanities. The Global Financial Debts is in trillions of Dollar. The world reserved currency ($) is weakening by the minutes. Interest is at its all time low and debts are at all time highs. It is not the matter of when that we are going to succumb to the load of debts. We are only hanging by a thread. 2. Negative Stock Market Returns ...

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 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

Apple co-founder Steve Wozniak, a computer engineer and inventor, is explaining why he trusts Bitcoin and its underlying technology over our current financial system. “Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, and issues new US dollars every year. Bitcoin was immune to that.” https://dailyhodl.com/2018/08/20/steve-wozniak-trusts-math-and-bitcoin-over-humans-and-fiat-backs-blockchain-startup/ F

Cryptocurrencies are designed to be used as a payment method first and foremost. Most top cryptocurrencies have lost track of the bigger picture in this regard. Dash, a privacy-oriented coin, aims to make a big splash in this regard. Their infrastructure has evolved in such a way it caters to merchants all over the world. The Future of Dash Unlike Bitcoin and Ethereum, Dash is not content with being a speculative cryptocurrency. Instead, it is designed to be a payment currency first and foremost. Opinions among financial experts differ greatly when it comes to using cryptocurrencies for payments. Most financial experts don’t see a bright future ahead in this regard. It is up to individual coin developers to ensure the outcome is very different. Ensuring that Dash can become a payment method requires key features. It needs to be fast, secure, and intermix with cash or payment cards. The first two aspects can be solved by most other cryptocurrencies on the market today. I...

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....

Early Bitcoin and Ethereum investor Mike Novogratz is revealing his insight on where the market is heading and what’s needed to trigger a bull run. Novogratz runs Galaxy Digital, which invests directly in crypto businesses, from ICOs to infrastructure platforms to wallets and custody solutions. At the recent Beyond Blocks Summit in Seoul, he explained why he believes in the New World Order crypto developers are trying to create, and what got him to widen his involvement in crypto far beyond his initial speculative investment in Bitcoin. “I looked at my portfolio and I had a lot of Bitcoin and I had a lot of investments. I had an investment in Korbit here in Korea. I had an investment in Bitstamp and Zapo – in all kinds of portfolio companies that I’d made a few years earlier. And I had a college roommate, Joe Lubin, who now runs a big company called ConsenSys. But at that point, it was a very small company. And I decided to go visit him and thought he was a little bit smarter...

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...

Crypto merchant-processing services are receiving less bitcoin than before. Volatility, transaction fees, and an inability to reverse transactions have been cited as the reasons why. Leading crypto merchant-processing services are receiving less bitcoin. In September 2017, companies including BitPay, Coinify, and GoCoin received $411 million. After a low of $60 million in May 2018, the figure now sits at $69 million The numbers suggest that people are choosing not to spend bitcoin for goods or services. This decline coincided with the spike in speculative investing. Consumers appear reluctant to transact with BTC despite the price of Bitcoin $7035.89 -0.06% steadying somewhat in the time since. IS BITCOIN IN TROUBLE? The way Bitcoin is being used is changing. Researchers are casting speculation on Bitcoin’s usefulness due to three factors. Volatility, transaction fees, and the inability to reverse transactions. Several companies have backed away from Bitcoin since usa...

South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Bithumb, South Korea’s largest crypto exchange, announced on Saturday, August 4, that deposit and withdrawal services for nine cryptocurrencies will be resumed on August 4 at 7 p.m. KST. The nine cryptocurrencies are BTC, ETH, ETC, XRP, LTC, BCH, ZEC, QTUM, and MITH. Upbit Audit Report Shows Plenty of Reserves Upbit, South Korea’s second largest crypto exchange, released an audit report Friday. The audit was conducted on June 28 and 29 by Eugene Accounting Corp and focused on 145 coins and the exchange’s deposits, according to Upbit. Korbit Lets Bank Hold all Customer Deposits Korbit, another of the country’s four largest crypto ...

Traders in the US, Russia and China are the most common victims of cyberattacks targeting cryptocurrency exchanges. Another study has found that the demand for services provided by hackers is much higher than what’s currently on offer. The same can be said for experts in cryptography: China is now hiring a crypto specialist for one of its censorship agencies but Chinese citizens have already found a way to circumvent censorship using blockchain transactions. American, Russian, Chinese Traders – Common Victims of Cyberattacks Users of cryptocurrency trading platforms in the United States, Russia and China have been the most common victims of cyberattacks, according to a new study conducted by Russian cybersecurity experts. They have found that between 2016-2017, cases in which private data of people using crypto exchanges was compromised have increased almost 5-fold, or by 369%. The record was set in January 2018 when the number of incidents rose by close to 700% in comp...

Over the last day, BCH proponents have been celebrating the ‘Bitcoin Cash Independence Day’ which marks the anniversary of the August 1 blockchain split that took place a year ago. During festivities, the BCH community sent a ton of transactions over the course of the day and on August 1, 2018, the Bitcoin Cash network processed 687,000 on-chain transactions. The metric outpaced Bitcoin Core’s (BTC) daily transaction record by over 200,000 transactions showing the world some of the benefits of a chain that utilizes larger blocks. BCH Miners Process 687,000 On-Chain Transactions Bitcoin Cash fans are celebrating an extremely productive year as over the last 365 days the BCH network has had many milestones. One significant watershed moment was the number of transactions processed yesterday, on August 1, 2018, as the decentralized cryptocurrency processed over 197,000 transactions more than BTC’s record setting day (12-14-17) of 490K. The Bitcoin Cash network handled a whop...