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La pandemia por el Covid-19 y los últimos eventos políticos fortalecieron al bitcoin y al oro como los principales activos para el resguardo de capitales.
Según datos de Tradingview, en los últimos 6 meses el oro incrementó su precio un 20%, mientras que el bitcoin, a pesar de haber mostrado un comportamiento más volátil, aumentó un 25%.
Al momento de esta redacción el oro cotizó en $1973 por onza, y el bitcoin en $11.134 con una capitalización de $205.002.138.787.
Ambos activos son utilizados como reserva de valor a largo plazo, pero la criptomoneda tiene ventaja como método de pago por su forma digital.
Además, el BTC tiene un suministro máximo de 21 millones de unidades mientras que para el oro no se tiene muy claro cuánto queda por extraer. Los dos son escasos, pero la oferta limitada del bitcoin podría ser más atractiva para la demanda.
Binance, la mayor exchange del mundo, publicó el siguiente análisis en el que compara los aspectos más importantes del bitcoin y el oro como activos:
La resistencia falsificadaEs un término que mide la calidad de la unicidad de un activo específico. Los activos propensos a la falsificación conllevan un alto riesgo de devaluación y, a menudo, requieren métodos o herramientas de detección de falsificaciones. Es muy difícil verificar la calidad y pureza del oro, o si es oro, sin las herramientas adecuadas.
El oro físico es propenso a la falsificación y a la reducción de su pureza, mientras que el bitcoin es totalmente resistente a la falsificación. Esto es posible gracias a la red blockchain, que verifica y registra cada moneda y transacción extraída.
La portabilidadEs un rasgo importante que te permite transferir sus activos sin problemas en poco tiempo. Ya sea que poseas oro físico o un pagaré (IOU), el oro no es fácil de transferir. Lleva días, si no semanas, transferir oro físico a una ubicación diferente o realizar una transacción.
El oro físico requiere medidas costosas de transporte y seguridad, mientras que el bitcoin se puede transferir a cualquier parte del mundo en menos de 20 minutos usando tu teléfono inteligente.
La descentralizaciónSe aplica tanto a la emisión como a la gobernanza de activos valiosos. La emisión y el gobierno del bitcoin están completamente descentralizados, ya que no hay una entidad central que emita o extraiga nuevos bitcoins, regule su suministro o gobierne la red.
El oro, por su parte, tiene un proceso minero muy centralizado, con solo unas pocas empresas mineras que controlan el mercado. Además su comercio también está muy centralizado, y las transacciones directas o entre personas son mínimas e ilegales en muchas partes del mundo.
DivisibilidadSignifica que el activo se puede dividir en componentes más pequeños. Este es un rasgo especialmente importante en el comercio y el intercambio de bienes. Puedes dividir el oro, pero difícilmente puedes hacerlo en casa.
Un solo bitcoin se puede dividir en 100,000,000 satoshi, y la cantidad más pequeña de satoshi que puedes transferir es de 546. ¿Te imaginas pagar por productos con granos de oro? La unidad más pequeña de oro, el «grano», pesa solo 0.0648 gramos.
La durabilidadEs un rasgo esencial de cada inversión a largo plazo o depósito de valor. Su riqueza debe almacenarse donde no se disuelva con el tiempo y permanecer en perfectas condiciones en los próximos años.
Las monedas fiduciarias, principalmente los billetes de banco, son propensas a daños físicos, descomposición u otras disminuciones de calidad. El bitcoin se almacena digitalmente y, por lo tanto, no puede deteriorarse. También es imposible destruir bitcoins.
El oro también es muy duradero y conserva bien sus características físicas, pero puede destruirse o devaluarse. Tanto el oro como el bitcoin son muy duraderos, pero por diferentes razones.
La fungibilidadEs la capacidad de un activo para ser intercambiado por otros bienes o activos. Los activos fungibles simplifican el proceso de intercambio y comercialización, ya que la fungibilidad implica el mismo valor entre los activos. Tanto el bitcoin como el oro son fáciles de intercambiar por diferentes activos o bienes, y ambos obtienen puntajes altos.
BonificaciónLa facilidad de uso y la conciencia es un rasgo que a menudo se olvida en el debate bitcoin vs.Oro. La facilidad de uso y las expectativas afectan directamente la demanda, y sabemos que el aumento de la demanda de un activo limitado influye positivamente en el precio. El modelo de oferta y demanda es el modelo principal de determinación de precios utilizado en la teoría económica.
El uso prolongado del oro le ha dado un estado casi «sagrado». El oro es un activo casi universalmente reconocido sin importar a dónde vaya en el mundo.
Sin embargo, el bitcoin todavía está emergiendo, y solo un porcentaje relativamente pequeño de la población mundial lo sabe. También debemos tener en cuenta que para que el activo sea ampliamente adoptado debe ser fácil de usar.
¿Qué debería comprar? ¿Oro o bitcoin?Siempre es mejor hacer tu propia investigación antes de invertir. Este artículo es una gran simplificación de un problema complejo, y no es fácil hacer predicciones basadas solo estos aspectos que hemos cubierto brevemente.
Estamos en un ecosistema criptográfico, por lo que es natural que gravitemos más hacia el bitcoin, pero no subestimemos el oro. El historial es claro.
Ambos demuestran ser una atractiva reserva de valor e inversiones a largo plazo. No esperes multiplicar tu riqueza de inmediato, invertir requiere paciencia, y entre todas las inversiones disponibles, el bitcoin y el oro favorecen especialmente a los inversores a mediano o largo plazo.
Con Binance puedes comprar bitcoins en monedas locales de Venezuela, Colombia y ArgentinaEn Binance, ahora con su plataforma P2P puedes comprar y vender bitcoins y otras criptomonedascon bolívares, pesos argentinos, colombianos, mexicanos, reales brasileños y soles peruanos.
Si todavía no has utilizado esta opción para comprar y vender bitcoins en tu moneda local puedes hacerlo en el siguiente enlace:
How financial system has changed its rigid views in favor of cryptocurrencies.submitted by Stealthex_io to StealthEX [link] [comments]
It goes without saying that the real value of anything can be judged only through practical, everyday use of it. With Bitcoin, as with cryptocurrencies in general, it is no different. Although the concept of a decentralized digital ledger as it is represented by the leading cryptocurrency may seem enticing and masterly on its own, ultimately, it still comes down to the actual application and usability in real life. And this is where BTC adoption within the existing financial system comes into play as one metric to gauge its genuine success or utmost failure, arguably the most telling and important one.
A medium of exchangeBitcoin was envisioned as a peer-to-peer electronic cash system, synonymous with the idea of using it as a medium of exchange or means of payment (the latter two being essentially six of one and half a dozen of the other). As everything big out there, Bitcoin started small. What went completely unnoticed in 2008 now came to be a major factor capable of affecting the entire global financial system.
But before that, Bitcoin was used as a means of exchange and payment in the markets which shouldn’t have been there in the first place. These were the days when the Dark Web was the primary and likely only driver behind Bitcoin adoption rate, and that’s also happened to be the reason why so many governments turned heavily against it back in the day. Bitcoin had received a bad rap as a currency for conducting illegal operations, mostly selling drugs on black markets like now-defunct Silk Road.
It was not until late 2012 that Bitcoin started to attract attention of the general public after the launch of Coinbase in the summer of that year. Around that time the first attempts to regulate the top cryptocurrency had begun, and the overall negative attitude toward BTC started to change. All in all, the period between 2008 and 2012 was likely the only time in Bitcoin’s eventful and intense history when most of its adoption came about through using it as a real currency and a means of payment, even if primarily for illegal purposes and criminal activities.
A store of value and investment assetBitcoin today as we know it has only become possible after many thousands of speculators and investors started to pour their money into the cryptocurrency in the hope of earning off the future growth. No matter how you look at it, whether you like it or not since 2013 Bitcoin adoption has been expanding mostly by attracting people who are interested in it as an alternative, non-sovereign store of value and investment asset. Today Bitcoin as an investment asset and store of value totally took over the Bitcoin as a means of payment and exchange.
The godfather of all cryptocurrencies has seen plenty of ups and downs, which posed a valid concern regarding how it would perform as a grown-up investment asset. Now that we have seen oil prices go into negative territory and fall as low as -37 dollars per barrel, a lot of these doubts have been dispelled. It is little wonder that institutional investors are nowadays looking into Bitcoin as a robust hedge against inflation and sinking economies in a world fraught with recession risks and plagued by the coronavirus pandemic. For example, in 2019 alone cryptocurrency assets under the management of hedge funds more than doubled – to over 2 billion dollars, with around 150 hedge funds actively investing in cryptocurrencies today.
It is no surprise either that during the last couple of years Bitcoin has risen substantially in the eyes of the institutional beholders, all the way up from the bottom, from an outcast, and sometimes even an outright outlaw, to a level on par with such an established store of value as gold. The famous hedge fund manager and billionaire Paul Tudor Jones, who manages around 22 billion dollars through his BVI Global Fund, recently confirmed that he has invested a few percent of his assets in Bitcoin as a hedge against inflation and central banks printing money out of thin air. Altogether, this leaves no doubt that Bitcoin has become a viable and legit investment choice in the realm of institutional money.
A value transfer vehicleInternational money transfers have always been a pain in the neck – slow, costly, complicated. As Bitcoin needs no banking institutions to conduct money transfers, be it domestic or global, it has become a value transfer vehicle of choice for people willing to send money with no involvement of banks and payments processors. Historically, making overseas remittances with Bitcoin was among the first use cases of this cryptocurrency.
Cross-border remittances have been recognized as an important source of private capital flows for developing countries. Bitcoin and its crypto brethren have firmly established themselves in this niche for the simple reason many people in poor countries don’t have a bank account and thus can’t access bank services, aside from overall poor banking infrastructure there along with reasonable concerns about the stability of national currencies in backward economies.
Without cryptocurrencies, it would be impossible to receive financial support from abroad provided by migrant workers to their families. This led to an emergence of a wide variety of bitcoin-based remittance services such as BitPesa, Rebit, Bloom, Payphil, to name but just a few, that offer such services for African and Asian countries. They are typically using Bitcoin as a value transfer medium concealing the cryptocurrency from users by converting the sender’s fiat currency into bitcoins and then converting back to the receiver’s fiat currency.
Problems and solutionsOne of the major problems Bitcoin faces is not strictly specific to it as it stems from an innate conflict between the two major functions of money. As it happens, a medium of exchange function doesn’t live quite well with a store of value function. A good medium of exchange, or means of payment, should be inflationary to facilitate its use as a currency that you pay with, say, in a grocery store. On the other hand, a good store of value should be the opposite of that to maintain and possibly increase its value over time. Realistically, such a dilemma cannot be effectively resolved from within Bitcoin itself.
As a result, the main cryptocurrency has developed into a trusted, battle-tested investment asset which already established a firm foothold in the corporate investment sector. This is in stark contrast to its promise as a functional currency where Bitcoin still massively lags behind fiat. Is there any way to fix that? The solution probably lies in the separation of different functions between Bitcoin and altcoins. The former will most certainly continue to evolve as a solid store of value. Whether the latter can live up to their collective role of an efficient means of payment, we have yet to find out.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
Original article was posted on https://stealthex.io/blog/2020/07/07/bitcoins-mainstream-adoption/
“those who remain “unbanked” point to not having sufficient funds, high and unpredictable fees, banks being too far away, and lacking the necessary documentation”.It seems that they forgot about two other reasons that were given in the World Bank paper that they cited: some people don’t need a bank account (30% of people) and some rely on family members with bank accounts (26% of people). Even so Facebook’s system will only solve two of these problems (high fees and distance) and will do nothing about the biggest reason people don’t have a bank account, not having enough money (66% of people).*
“The very people who say they lack the money to open a bank account are actually not saying that they have no use for modern financial services. They’re just saying they can’t afford to access the system, so they remain on the fringes and are forced to use services that charge exorbitant fees and rates.”I guess he never read the report used by Facebook, where excessive fees was a separate reason cited by 26% of respondents.
“People using digital payments need to be able to deposit and withdraw cash safely, reliably, and conveniently at cash-in and cash-out points”.One example is a post office. However, post offices are probably not going to accept anything other than legal tender, which means no Libra. Physical infrastructure is important, especially to serve developing countries. Facebook seems to have forgotten about that.
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Oracol Xor platform is designed with three core pillars of development to drive our innovative mission. We arrived at this model by identifying key elements and trends related to cryptocurrency creation, adoption and distribution. The three core pillars are as follows:submitted by yurdi to ICOAnalysis [link] [comments]
1. A solution to facilitating mass adoption at the grassroots level.
Since the inception of Bitcoin, the traditional means of acquiring crypto assets has been through digital exchanges. The procedure has always involved interacting with a bank or financial institution. From here, fiat funds are transferred to the exchange, offering users the opportunity to convert fiat currency in crypto. The process is long, tedious, and requires moderate computer literacy. Recently, efforts have been made to directly connect consumers with point-of-purchase platforms via crypto ATMs located in large metropolitan areas in a few select countries and direct cash purchasing.
However, crypto ATM’s are not a sustainable solution to stimulate mass adoption as long as the machines are dispersed in a restricted area in only developed countries. It is our belief that mass adoption cannot happen while crypto ATM’s remain the only physical means by which everyday consumers are exposed to cryptocurrency. With the lack of technical computer literacy presenting a formidable barrier to access to the public, the adequacy of current solutions to mass adoption are dubious. The idea that everyone ought to carry a public cryptographic key (and guard their private key - otherwise known as a crypto wallet where purchased coins can be deposited) represents a further constraint on mass adoption as these technical concepts remain out of reach for the general public. As long as current crypto infrastructure remains in place, adoption levels will remain stagnant as mid level consumers remain reluctant to proceed with transactions. Nevertheless, relevant to this discussion is the contemporary crypto ATM network, the distribution of these ATM’s globally, and the cryptocurrencies currently contending for adoption. The tables below display ATM distribution by cryptocurrency type and ATM distribution by continent.
While it is easy to spot the shortcomings of this method, when it comes to mass distribution and usage, it is worth noting that most of the areas with low ATM penetration have strong mobile phone usage. Thus it follows that the use of phone cards is wide spread across these regions. By imitating the mobile phone card distribution model, Oracol Xor will become an instant success, enabling anyone in any part of the world – connected or not – to become a crypto currency holder. Furthermore, through this process the consumer will become part of the Oracol Xor Platform, allowing them to immediately start making mobile payments and purchases using Oracol Xor crypto currency.
• The Oracol Xor solution is as simple as it is common worldwide. We present you our LowTech solution – XOR denominated cards.
Issuance of Oracol Xor denominated cards to be sold in local currencies will be available at local stores worldwide using a distribution/marketing method similar to those of mobile phone cards. This simple but effective solution is as easy to use as a phone card, and once registered (using our data less browser solution for mobile phones) in our Gateway/Exchange the funds are instantly available without the need for any other complex processes. Funds are free to transfer between users of Oracol Gateway/Exchange and are convertible into other crypto currencies via cryptocurrency exchanges everywhere.
• Such distribution networks are easy to model after successful supply chains for phone cards that already exist.
• Finally, our grass roots method leverages decentralized distribution to build brand recognition and network participation worldwide.
2 – Develop a proprietary global telecom solution that connects areas with low data coverage to Oracol Xor mobile money.
Due to infrastructural constraints, over 3 billion people use mobile phones without reliable data access in the developing world. As a result, trading or paying with phone credits is common practice. Mobile phone solutions using 2G or 3G networks such as M-Pesa are already a success, representing a unique opportunity. Oracol Xor platform is ready to enter the market as a disruptive technology, and coupled with pillars 1 and 3 is sure to change the existing industry landscape. In 2016 $216 billion dollars were transacted through the mobile payment networks (mobile money) averaging to some 30,000.00 transactions per minute. Below are some stats and industry trends:
3 – Creating the Oracol Xor Social Network and Online presence
Social Media - No successful platform thrives without a strong social network component, with the most successful examples being Facebook and YouTube. Subscriber count and the number of average daily users across all social networks is currently staggering. However, not a single social network has yet successfully incorporated crypto currency into its ecosystem. One of the main goals of Oracol Xor platform is to develop a social media network that will incorporate the use of XOR cryptocurrency either through monetization or as a form of online payment. Once operational at full capacity the Social Media website will encourage further adoption and create its unique imprint with XOR flavor.
Given current market conditions and the complicated legislation governing most the popular social US-based media companies, Oracol Xor social media platform will locate its servers in a jurisdiction where freedom of the internet is guaranteed. It is confirmed that the number of subscribers to these companies is declining as we speak due to various factors and practices and that currently a veritable “war” for supremacy and the biggest piece of the advertising space pie is being conducted online. Oracol Xor will step in as an independent player without the restrictions that currently are hampering other companies (except the common sense restrictions such a violence, porn etc). As indicated in the statistics below, it is expected that the declining subscription numbers will continue as consumers look for alternative social networks, free from censorship and “throttling” policies. This presents us as a platform, a perfect opportunity to introduce the world to a new and innovative social networking solution that integrates cryptocurrency as a method of payment. Rumors have it that Facebook is working on integrating a possible use of Ethereum but there are no confirmed reports to date.
By pioneering this integration, Oracol Xor social network and platform will establish itself as a major force in the industry through its innovative approach to best practice, paving the way for exponential revenue growth and subscriber count. Additional income from advertisement revenue will consolidate the XOR economy and increase the overall value of the digital asset.
At this time Oracol Xor has already launched its incipient version of the Social Network website and is working towards further developing components that will enhance the use and make it more user friendly.
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This list showcases 10 popular mobile apps in Africa created by Africans, and not owned by one of the Big Five tech companies. The categories include farming, mobile payments, healthcare, entertainment and more.submitted by levi_d-19 to Redeeem [link] [comments]
The most popular mobile application in Africa is WhatsApp. The list is likely to continue with Facebook, Messenger, Instagram, Skype, Gmail, Google Maps and dozens of other apps created by the Big Five) tech companies — Facebook, Amazon, Apple, Microsoft, Google. But there are a lot of other highly successful and even life-changing apps being developed in Africa — some with millions of daily active users — that don't get enough of the spotlight.
This list showcases 10 popular mobile apps in Africa created by Africans, and not owned by one of the Big Five tech companies. The categories include farming, mobile payments, healthcare, entertainment and more.
1. M-PesaM-Pesa is the #1 payments app in Africa.
M-Pesa ("pesa" means "money" in Swahili) is Africa's leading mobile money service with over 37 million customers operating across seven countries: the Democratic Republic of Congo, Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania. Safaricom, the largest mobile phone operator in Kenya as of 2016, launched M-Pesa in 2007. They provide a range of services like international transfers, loans and health provision.
2. iCowiCow creates mobile apps for dairy farmers.
As an ambitious social enterprise, iCow makes millions of Africa’s farmers more productive and prosperous by offering easy access to relevant knowledge and connecting them with other agricultural players.
3. FarmCrowdyFarmCrowdy empowers farmers.
FarmCrowdy is a digital agriculture platform that empowers rural farmers by providing them with seeds, farm inputs, training on farming techniques and a marketplace for the sale of their produce.
4. M-FarmM-Farm gives timely information to farmers.
M-Farm provides a collaborative platform for the farmers to interact with cooperatives, specialists, suppliers and agro-vet stores to receive timely information about prices, weather and other agricultural aspects.
5. FlutterWaveFlutterWave makes it easier to accept payments.
FlutterWave is building payments infrastructure to connect Africa to the global economy. They make it easier for Africans to build global businesses that can make and accept any payment in Africa and around the world.
6. PaxfulBuy and sell bitcoin for gift cards and bank transfers.
Paxful is an Estonia-based peer-to-peer bitcoin exchange. The Paxful Bitcoin Wallet app makes it easy to send, receive and trade bitcoin on the go. We also recommend Redeeem for trading gift cards for bitcoin. :)
7. RefuniteRefunite helps reunite families.
With more than 1 million registered users, Refunite is non-profit organization established with a mission to help refugees and displaced persons search for their missing loved ones and family. It is the world’s largest missing persons platform in Africa for refugees and displaced populations. They also manage LevelApp which helps refugees in Sub Saharan Africa build a pathway out of poverty.
8. MedAfricaMedAfrica connects Africans to health information and services.
MedAfrica is focused on increasing access to health related information and services in emerging markets. MedAfrica provides direct access to health-related content and services to save lives and build a healthy population. You can search, filter and view health information and local services as well as connect with doctors on the go.
9. GiftedMomGiftedMom gives health advice to mothers.
GiftedMom is a leading mobile health information provider in Africa, serving the 400 million people who lack access to basic healthcare. They offer pregnant women and new mothers free access to health information and work to make referrals to ancillary healthcare services like lab testing and babysitters. Their mission is to prevent maternal and infant deaths.
10. IROKOtvIROKOTV has thousands of streaming shows.
The Nigerian movie and TV series app IROKOtv has over 6,000 Nigerian and Ghanaian films, along with a selection of Bollywood, Hollywood and Korean movies. It is available to users worldwide for about $2.50 per month. Users can even save shows to their local device and watch offline.
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The next exchange on my list of best bitcoin exchanges in Kenya is Coinbase. It is located in San Francisco, California. Coinbase was launched in 2012. And presently, it has over 30+ million customers worldwide. You can buy/sell in Coinbase using your local currency. Also, the exchange has a mobile app that makes transactions a lot easier. Provider of wholesale cryptocurrency liquidity and exchange with fast settlement. Buy and sell bitcoin at low fees, with reliable service and a simple setup. Buying Bitcoin Anonymously in Kenya. Buying bitcoin anonymously isn’t easily done person to person, with the arrest of the local bitcoin money launderers, the P2P trading market in Kenya is a little rough.You can still trade shillings through the few exchanges allowing bank transfers, credit cards and even gift cards for buying bitcoin anonymously. The new exchange is both a peer-to-peer and centralized exchange that will enable Kenyans and Africans in general to purchase crypto using a variety of outlets including mobile money. PesaMill Africa looks to revolutionize and change how crypto exchanges operate in Africa by enabling easy crypto purchases making it accessible to just about anybody. Paxful Bitcoin Exchange is to Kenya Bitcoin Traders as MPESA is to Kenyans. If you are thinking of doing anything with Bitcoins in Kenya, you should have a user account on Paxful Bitcoin Exchange. I will show you the usefulness of having a Paxful Bitcoin Exchange account shortly especially for Kenyans.
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How to EASILY Make Over Ksh 100,000 Per Month in Kenya by Trading Bitcoins. (Changehigh.com Review) - Duration: 11:27. E News Kenya 24,330 views After much anticipation, PesaMill Africa crypto exchange is finally here. The new exchange is both a peer-to-peer and centralized exchange that will enable Kenyans and Africans in general to ... M-Pesa is a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and ... MPesa Bitcoin Onecoin In Kenya - Documentary. This video is unavailable. Watch Queue Queue In this video I will show you how easy it is to Withdraw or Send Money from Skrill to Mpesa. This service is more than one could ask for when it comes to mon...