CRYPTOSILV

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. ...

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

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...

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

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...

Intercontinental Exchange (ICE) teaming up with Microsoft, Starbucks and others on digital asset platform Bakkt makes it “much easier” for a Bitcoin ETF to launch. KELLY: ICE IS ‘HUGE NEWS’ That’s according to Brian Kelly, CNBC’s regular cryptocurrency commentator and BK Capital Management founder, who called the plans the “biggest news of the year” for Bitcoin. Kelly was speaking one day after ICE, which owns the New York Stock Exchange, confirmed its high-profile partnership to build a “global ecosystem for digital assets” with a slated launch date in November 2018. Together, the participants will create a digital asset warehouse for investors to “buy, sell, store and spend digital assets on a seamless global network.” https://bitcoinist.com/biggest-news-year-bitcoin-ice-deal-helps-etf-chances-brian-kelly/

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...

If you have been following the mainstream financial press, and even some cryptocurrency news sources, you could not have missed the hype around the so called “Blockchain”. It feels like every day another established company claims to be testing using the technology to disrupt its own industry. In reality, however, it seems that the overwhelming majority of these pilots will never materialize. A Significant Disconnect Between Hype and Reality Forrester Research Inc. (NASDAQ:FORR), the global advisory company, has determined that 90% of corporate blockchain pilots, usually announced with much fanfare, will never actually materialize into a service or product to hit the market. Companies are reportedly experiencing difficulties handling performance, oversight and operations, as well as failing to agree on a common system among competitors, thus resulting in extended timelines and greatly reduced expectations. https://news.bitcoin.com/90-of-corporate-blockchain-pilots-w...

Before it was turned into an investment asset, the invention of Bitcoin promised to usher in a world where anyone can pay for anything they like without a need for getting prior approval from the powers that be. The demand for uncensorable transactions still exists, and the latest example of this comes from Israel where the largest cannabis community market has turned to bitcoin payments. Telegrass, an Israeli community-based cannabis marketplace with over 100,000 members, has announced earlier today on social media that it will start charging merchants for some services, offering discounts for bitcoin payments. The community works to promote the legalization of recreational use of cannabis in Israel and offers a platform to connect buyers and sellers via the Telegram network. Merchants can still list their products for free in one city but will have to pay in order to expand their coverage. The new funds raised with bitcoin are meant to help pay the Telegrass staff, whi...

I saw an article online and it was well articulated about Bitcoin being programmed to pump. I made a video about it. Highlighting the view of the writer. Despite non-stop criticism, obituaries, and competition from altcoins, Bitcoin has undeniable advantages — ensuring that its value will keep rising for decades to come. It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy. Satoshi Nakamoto, 1/17/2009 Here are the reasons 1. The Hard Supply Cap 2. No One is in Control 3. The Lindy Effect

Recently I have been talking about Bitcoin even passionate about it. I went as far as bagging a certificate in Digital Currency from University of Nicosia. I want to talk about something very interesting with Bitcoin. Do you know that with Bitcoin you can make residual income. You can make money while sleeping. Introducing you to Bitclub Network. It is a mining firm. It specialises in mining bitcoin and the major cryptocurrencies. Check the link on this video: http://bitclub.io/silveret Ayobami  # silveretblack

  INTRODUCTION TO MONEY: TRADE BY BARTER This is the first of the six part video series on Introduction to Money. On my last video, I talked about Bitcoin in 3 minutes or less... There I talked about the solution Bitcoin came to tackle in this era of Information Technology. I'll start by telling the story from the beginning. During the era of wanderers and Nomadic Tribes. Our ancestors the Nomadic Tribes are the tribes that wander from place to place. As the tribes enlarge, some few challenges started coming up. Due to the different age groups, the aged, toddler, pregnant women... The Nomadic Tribes have restricted mobility. With the problem of mobility, they come up with the solution of settling down and forming a community. Even though it solves the issue of aged, toddler and pregnant women..., it came at a cost. The access to resources is quite limited. It resulted in the men going in search of resources that are not available in their community. In the proces...

Bitcoin in 3 minutes or less… What is Bitcoin? We all know how the maniac about Bitcoin is going right now. What is Bitcoin that is driving everyone crazy? It is a digital currency It is a peer-to-peer decentralized electronic cash system It has some similarities to the paper money (fiat currency) It doesn’t have a physical property like paper money It works squarely on digital accessories (computers, smart phones, tabs, pads…) It is powered by Blockchain Technology It is finite (21, 000, 000) total circulating supply and as at the time of this post, 17, 000, 000+ in circulation. New coins are been generated through mining and the last Bitcoin to be mined will be by year 2140. The Bitcoin circulation halves every four years. The last halving was in the year 2016. Why Bitcoin? It can be moved easily. It solve the issue of cross border payment It can’t be controlled/manipulated by the government. If you love this video, why don’t you check my full video on Bitcoin. I...