BITCOIN IS BITCOIN BECAUSE OF THE BLOCKCHAIN. PART 2

The underlying technology behind the success of bitcoin is the blockchain. What then is the blockchain?

I will explain it in the simpliest way that I can. You and me are the blockchain. How? Simple, As long as you have bitcoin and the software running on your system and you are also involved in mining of some sort then you are part of the blockchain.

The blockchain consist of group of miners ranging from 2 to as many as possible connected in a peer to peer manner.

Miners are the ones that bring more bitcoin into existence but that would require them to successfully confirm every transactions and the process of confirming every transactions require the solving of complex mathematical   equations with the help of their computer power. When this process is completed, there are rewarded with bitcoin. This is the process called mining.

What features make the blockchain so unique

1. It is technically impossible to hack.
2. It has no central authority.
3. Every transactions are recorded in a public ledger for every one to see.
4. It is trustless and yet every transaction are legitimate.
5. It has so many uses and application yet to be deployed apart from the area of money. Eg bitcoin.

Money is one the most prominent application of the blockchain that we are all used to. For example, Bitcoin is able to function as money on the internet and accepted as money on the internet world wide because of the properties the blockchain has.

Well, it is not only money that the blockchain can be used for. Let me tell you another use of the blockchain.

The voting system

It is strange right but it will work if properly implemented.

We have all heard of rigging, stealing of ballot boxes, manipulation of results, tampering of election materials, bribing of voters to secure votes and every form of negative vices characterized in a typical election period.

If the blockchain technology is implemented and used for election purposes, all this vices mentioned above will be eliminated totally. There will be no need to go to court to file an appeal, there will be no need to spend so much money on election materials and so on and so forth. Infact the cost of running a successful election will be reduced from a 100% to about 20% if not less. Thereby saving the government of any nation a lot of money.

Dalemat you are very funny. How do you think this will work?

Well, this is my theory of how it will work.

1. Firstly, a certain amount of  digital token is created just like bitcoin with no value of course.
2. One token is  issued to all eligible voters with their token address either on their mobile device or online wallet. This can be confirmed on the blockchain just to make sure every eligible voter has only one token.
3. The candidates say governorship are also issued their own token address without any token in it.
4. A QR code can be generated for each candidate for easier voting.
5. On election day, the voter simply scans the QR code and sends his or her token to the candidate of choice address. If you don’t have a phone it can also be done on the online wallet with the candidates details there to choose from and cast your vote.

With this, voting , collation and result can be concluded in less than 2 hours all in the comfort of your house.

No need for long queues, there will be no harassment, no bribing and all that. You can get the result and know the winner immediately all on the blockchain.

This is an amazing technology if you ask me.

BITCOIN IS BITCOIN BECAUSE OF THE BLOCKCHAIN. PART 1

There will be no bitcoin without the blockchain.
It is this breakthrough technology called the blockchain that gives bitcoin this prominence.

Let me explain it with what will help us understand better.

Take for example A SUPERMAN MOVIE.

Any one who watches it will see superman has the main guy. Intact the movie will not be interesting without the superman character right.


Now let me tell you something that may surprise you. The superman character is nothing, can achieve nothing, without the people in the background. Directors, producers,makeup artist, graphics expert etc.

The irony of it is that these background people don't even appear in the movie. And without them superman has no value.

It is the same way bitcoin is to the blockchain. I shall talk about possible application usage of the blockchain in part 2.

BUSINESS PROPOSAL: A BIG TIME INVESTOR NEEDED.

I require a big time investor who as enough funds to spare in acquiring 100 bitcoins or more for trading and speculative purpose.

Benefits to the investor

1. Funds are not lost during trading activities unlike FOREX where all funds and investments can be lost. I will clearly explain how I shall achieve this to the investor.
2. The investor is in full charge of the account as only him/her shall have the access to withdraw funds at any time of the day. I shall only have access to the accounts only for trading purpose.
3. I shall give daily or weekly report to the investor either by soft or hard copy.
4. Profits may be generated on a daily, weekly or monthly bases depending on the strategy I may choose to use and data available to me at a point in time.
5. The investor doesn’t need to release any funds or money to me because every transactions in terms of acquiring the digital asset(bitcoin) will be initiated from his/her bank account. 
6. I shall open a multi currency international bank account with a bank in Europe for the investor with prepaid cards denominated in (USD, EUR, GBP). All this shall be in the investors name at no cost to the investor.
7. A profit of about 5% to 70%  or more can be made on a weekly to monthly bases depending on volatility without affecting the initial investment.
8. With the above required  minimum  investment, I can guarantee any investor of not loosing any investments all things been equal. I shall clearly explain how this can be achieved.

My terms and conditions

1. Profit shall be shared on a ratio of 50: 50 anytime the said profit is made. And I shall only be paid with the digital asset bitcoin only.
2. I shall have unrestricted access to the account only for trading purposes with the investor fully aware anytime I logg in.
3. A 2 factor authentication or email authentication shall be setup so that only the investor shall have access to withdraw funds from the account.

Any person willing to invest with the minimum amount of 100 bitcoins and above and in agreement to my terms can contact me on phone or email on how to setup everything and commence immediately.

07031527001

dalematslimited@yahoo.com

A CRYPTOCOIN FOR THE SCOTISH PEOPLE CALLED SCOTCOIN

It is amazing to see how some countries are very passionate about crypto currencies to the point where they create one for themselves and try to adopt it as a national currencies.

I just stumbled on an article about this scotcoin which was quite interesting and out of curiosity i decided to see how coin has fared so far and i was surprised to see that the coin has a fairly significant growth in less than a month.

What does this mean? As more citizens of the country begin to adopt it and accept it as a form of money there will be demand which will lead to an increase in the value of the coin.

Speculators do i need to spell it out for you? I see a future for this coin.

here is the link to the article

http://cointelegraph.com/news/a-coin-of-independence-scotlands-own-cryptocurrency-vs-british-pound

MAIDSAFECOIN IS TRYING HARD TO STAGE A COME BACK

At this point, for any one who bought about 24 hrs ago will be smiling now. But for those who bought above 25000 sats will still have to wait a bit unless they applied DALEMATS STRATEGY.

With this strategy, it is very difficult to run at a loss. i can assure you of that. provided you are able to meet up with the few basic requirements.

SOME COINS TRYING TO PICK UP GRADUALLY

I just notice that some coins are trying to pick up gradually. lets see what happens in days ahead

WHICH IS A BETTER INVESTMENT? CRYPTO CURRENCY, FIXED DEPOSIT OR TREASURY BILLS

I have personally experienced all the 3 investment opportunity and i must be frank with you that there is no other investment opportunity that brings a better return on investment like cryptocurrency. The truth be told.

Please, dont get me wrong, i am not in anyway saying fixed  deposit or treasury bills are not  good investments. I even maintain a fixed deposit myself.

What i am saying is that instead putting all your funds in just one of them you can split it into the 3 investment opportunity.

All of them as its advantages and disadvantages though. Overall, they are all good.

WHAT HAPPENS IF BANKS WORLDWIDE ADOPTS AND IMPLEMENTS THE BLOCKCHAIN TECHNOLOGY INTO THEIR SYSTEM

It is simple. Wire transfer becomes faster and cheaper.There will be no need to start sourcing for foreign currency any longer because your local currency can be used.

Let me paint the scenario for you

 Let assume i want to send 2,000 yuan to china.

1. I simply walk to the bank and request for a transfer of 2,000 yuan
2. The bank simply deducts the naira equivalent from my account.
3. The bank in turn now sends an equivalent in crypto currency to the beneficiary bank in less than 30 mins  .
4. The beneficiary bank upon receipt of the crypto currency then converts to the countries currency and then credits the account of the recipient.

All this can be done in less than 30 mins at most 1 hour.

Bank of America is in the forefront of adopting and implementing this technology to their system and hopefully other banks all over the world will follow suite. 

This i believe is a way forward for banks all over the world if they still want to remain relevant as far as wire transfer is concerned.

BANKS IN EUROPE AND AMERICA TRYING TO ADOPT THE TECHNOLOGY BEHIND BITCOIN: THE BLOCKCHAIN

This is quite interesting if you ask me. Apart from the fact that bitcoin as attained a phenomenal growth over the years, the technology behind it is another marvel on its own.

Many banks abroad  are beginning to see the need to follow this change if not some of the normal banking service they render will become irrelevant.

Take for example, wire transfers takes about 3 to 5 days to get to the beneficiary coupled with the fact that you have to pay high charges for the transfer to be initiated.

But with bitcoin and the blockchain, the same amount can be sent at lesser time of 30mins for little or no cost at all. So, if Mr A in nigeria wants to send $1,000 to Mr B in USA all he has to do is buy bitcoins from a local exchanger at the prevailing market price equivalent to $1,000 and sends to Mr B bitcoin address.

The bitcoin arrives at Mr B wallet in less than 30mins and he in turns sells it in his country and receives dollars with little or no fee at all. And all this is done in the comfort of their house. no queues no stress.

So banks abroad forseeing this change and in their bid to still remain relevant are begining to embrace this blockchain technology.

From my understanding if fully implemented and banks all over the world begins to adopt it then it means that the traditional wire transfer may likely be phased out.

read more
http://www.coindesk.com/bank-of-america-cryptocurrency-wire-transfer-patent/

http://www.nasdaq.com/article/big-banks-are-hopping-on-bitcoins-blockchain-bandwagon-cm546238

WEBSITE WITH USEFUL INFORMATION ON CRYPTO CURRENCY

If you are looking for information on crypto currency. Then i will recommend some of this site for you.

http://www.cryptocoincharts.info/
http://coinmarketcap.com/
http://www.coindesk.com/
https://bitcointalk.org/
http://cointelegraph.com/

Enjoy

BEWARE OF SCAMS RELATING TO CRYPTO CURRENCY

You will hear of things like

1. multiply your bitcoins in few hours
2, send 0.1bitcoin and get 2 bitcoin
3. mine bitcoin for free
4 free sites that pay you bitcoin every minute

and many more schemes like that.

It is either these folks have little or no knowledge about crypto currencies or there stone hearted scammers ready to collect peoples hard earned bitcoins. Please be careful of such schemes.

Let me enlighten you a bit incase you dont know. The only legitimate way i know of getting more bitcoins is by 1. mining 2. trading and probably speculating on a long term.

All the above mentioned ways all come at a cost unless of course you steal someone else's coin. Even a farmer needs to part with a seed in order to have an harvest.

Mining gives you these coins no doubt but you need to invest in hardware equipments to do the computations for you. These hardwares don't fly and appear from the skies, you spend money to get them.

Trading and speculating also gives you more of these coins. But how do you acquire theses coins in the first place. you have to spend money to get them before you can use them to trade and speculate.

Unless of course somebody donates them to you for free. Any other means is a SCAM as far as i am concerned.

I stand to be corrected.

PLEASE I BEG YOU NOT TO FALL VICTIM OF THIS CHEAP SCAM. YOU NEED MONEY TO GET MONEY

A LOT OF COINS SHOWING RED

Many coins are showing red which is indicative of people selling off their coins there by making the prices of this coins to fall. it has become a reoccurring decimal during weekends and holiday period for coins to fall in value.

Well, this is a great opportunity to start buying some of them especially ethereum that is if you have enough bitcoins to follow up as the price falls. Remember and refer to my earlier post on ethereum. I am almost so certain that there will be a significant rise in value of ethereum in the nearest days to come if you keep faith and don't panic.

Remember that it is in the DNA  of cryptos to fluctuate and to be volatile. That is its nature. Having this at the back of your mind will keep you calm and make you ready for a big HAUL. Trust me.

 

A HUGE BUY OPPORTUNITY FOR ETHEREUM. BUY! BUY!!

Ethereum has fallen and it is a good time to buy. if it falls further buy again. From the chart data i just studied i forsee a significant and profitable hike in price in a few days to come.

STORJCOIN X IS PULLING A FAST ONE

A one week chart shows a very impressive growth on storjcoin x. It is sitting comfortably at number 3 in terms of volume at poloniex exchange.

Below is the 1 week chart

This is more than a 25%  increase in less than a week.

COINS HAS BEEN KIND OF DULL THIS WEEK

Many coins has been on the low this week, thereby making the suspense high and the anticipation very intense.

Although, this is a typical characteristics of crypto currency and very needed as far as crypto trading is concerned.

One thing to be noted is that during this period, there are a lot of buy opportunities and fewer sell opportunities.

A crypto trader who is able to discern this times will definitely make money on the short and long term.

SELL CHEAP BUY CHEAPER

This another great strategy to eliminate or reduce loss when you notice the coin you bought is falling in value. How can you know when to use this strategy?

When you notice a very rapid 10% and above fall in coin value after purchase. Then you can adopt this method.

Assuming you noticed a 10% fall in price and sold at a 15% loss, chances are that the coin could fall by 35% or more. when you buy back at the 35% loss point then you have gained about 20%.

For it to work well for you always ensure to monitor the buying and selling data and the rate at which they rise and fall.

BUY OPPORTUNITY FOR MANY COINS TODAY

if you are interested in making some extra cash before this week runs out or early next. then i would like to inform you that some coins are showing signal of BUY ME, BUY ME.

It should be noted that this is just a suggestion based on the data available to me and may not  be 100% accurate. So, before buying into any coin, ensure that you do your own research too.

Thanks

CHECKING COIN WEBSITES AND BLOG AS ITS ADVANTAGES

If you want to improve your level of profits then you must learn to visit the developers website and blog so as to learn about any upcoming developments. As this will give you an hint on what might likely happen to the price or value of the coin in future.

20 UNHEALTHY COINS (PICTURE ONLY)

20 MOST HEALTHY COINS. (PICTURE ONLY)

A NEW COIN ADDED AT POLONIEX CALLED SYNERO AMP

I just noticed the coin now and i am yet to analysis yet. however it will be to early to know its potentials because that was how radium started.

let us watch and see.

SYSCOIN MAY RISE TO OR ABOVE 3000SATS SOON

This speculation is based on data available to me over the past 2 days. I have been watching syscoin closely, despite its fall some days ago. it still maintained its health and gradually i notice the buy support increasing and the trading volume increasing too.

some days ago it was in 7th 0r 8th position in terms of trading volume. it is at no 4 now.

What does this indicate? only time will tell.

THE BANE TO CRYPTO TRADING IS GREED GREED GREED

You have clearly made a 10% profit but instead of counting your profits and reinvest you say i can as well make 30% and then somehow it goes your way. At this point, any desire to go above the 30% you have just made with out a clear cut reason is what we call greed.

This is one of the main reason that will prevent you from maximising profits. Remember that cryptos are very volatile.

A 10% profit that is sure now is better than a 60% profit you are hoping for because it may never come soon.

A SURE WAY OF MAKING MONEY EVERYDAY

It is very possible to make money everyday from coins.how?

diversify your coin portfolio and invest in healthy coins. then apply dalemats strategy.

you cant go wrong with this.

LIST OF HEALTHY COINS TODAY. JUST PICTURE LIST

DOGE COIN LOOKS VERY VERY HEALTHY TODAY

Dogecoin looks very healthy today. it seems a lot of multivitamins has been pumped into it.

if i were to look at what has happened in last 48hrs and 1 month ago. i think it will be fair to buy a small portion of it then monitor the market and see what happens.

SYSCOIN IS STILL HEALTHY DESPITE ITS FALL

The health of a coin is what should be given consideration first before buying. An unhealthy coin is best suited for speculation purpose.

syscoin has fallen in value . yes we can see that, but it is still looking healthy.

In my opinion, for the fact that it is still healthy despite the fall. i will still stick with it. supposing as it fell and becomes unhealthy then that should call for concerns.

I will still stick to syscoin for a while because as far as i am concerned it still looks healthy.

i will choose the health of a coin anyday as a yardstick before considering any other parameter.

VCASH(XVC) 24HR CHART AND A BUY OPPRTUNITY SURFACING

Let us analysis the vcash (xvc) 24hrs chart critically and see if we can make some money out of it. from the chart you will notice an increase in price from about 26600 sats to about 35000 sats. That is about 31.57% in profits in less than 24hrs which is huge for anybody who keyed into it. Now when you look at the chart after that peak of about 35000 you begin to see a downward trend as in a fall in price.

from the arrow mark it is about 32500 sats. That is a buy opportunity coming up gradually. be that as it may, i will advice and recommend you wait a bit and see if it will falls below 30000 sats. If it does then dont hesitate to buy. still follow it up with a buy order if the price falls further.

if there is a rebound just stay put

This is what i will personally do, if i have bitcoins now.

Note: This is just an honest review and recommendation. You are not obligated in any way to follow this review.

Make sure you do you personal research and be convinced about it before buying and selling any coin.

DONT BUY A COIN BECAUSE IT IS CHEAP

Dont buy a coin just because it is cheap. that is not a sufficient reason to buy a coin.

An expensive coin might be a better coin to buy instead of a cheap coin.

A coin worth buying must have the following characteristics

1. A decent market capitalisation that tends to increase either monthly , quarterly or bi annually.

2. A very high trading volume.

3.A decent amount of buy orders or buy support.

4. If it is a cheap coin then that would be an added advantage.

DO NOT BE AFRAID OR SIDELINE CRYPTO CURRENCY TRADING AS AN INVESTMENT OPPORTUNITY

I will always say this without mincing words. crypto currency trading is one of the best and most rewarding investment opportunity one can venture into.

It is one of the easiest, cleanest and very legal ways of making money.

By April 2016, i will be one full year trading cryptos. And from my experience. it has earned me more money than some regular job and my investments is very much intact. i only live on my profits noting more.

Take this from someone who has almost one year of crypto trading experience.