Total 2,900 Bitcoin ATMs coming soon in Australia

100 Bitcoin ATMs coming to Australia

100 Bitcoin ATMs coming to Australia submitted by cryptoanarchy to Bitcoin [link] [comments]

The Rise of Digital Payments

The Rise of Digital Payments

https://preview.redd.it/jm1m2g05uoy41.png?width=3800&format=png&auto=webp&s=74ed4ae1ee25ad25ec0f03c03e6f6e8cea86e30b
When I was young, I remembered my teacher asked: “Hands up to those who think money is not important.” I raised my hand and he asked why. Being a naive 9 year old, I hesitantly answered “There are many other things that are far more important than money – health, clean air, etc. He then answered “True. But, you need money to build a mechanism with the purpose of maintaining clean air. You need money to buy medicine to recover your health. The list goes on. It’s a painful truth. But, the world revolves around money – whether we like or not.” It taught me the meaning of “value” and the impact money had on the world as well as external factors that impact the value of money.

Currently, we are facing a global pandemic that threatens our precious lives. Coronavirus started to create panic in China around November 2019. Little did we know that it had the power to cause such drastic changes especially towards the economy with multiple currency downturn. The most affected currency is the China dollar as well as China’s largest trading partner Australia and New Zealand, affecting their currency drop. Cryptocurrency has been taking a major hit as well with the market crash that happened early in March. The cause of the market crash was, however, unclear.
In other news, Bitcoin, a cryptocurrency that was initially perceived as a “safe haven” asset that is expected to retain or increase in value was seen to be a risky asset. For some, Bitcoin was bought at a low price to be resold at a higher price. Whereas some genuinely utilize it and consider it as a substitute to fiat currencies. Sadly, due to recent events, Bitcoin is once again seen as a risky asset that takes investors in a worry-joy roller coaster ride. According to experts, the crash was due to a general panic on the stock exchanges. Consequently, some investors began to rethink their investment strategies by selling their cryptocurrency assets most probably to pay off urgent debts and prepare for the pandemic by preparing for food and supplies.
History will record the occurrence of global panic buying, deaths, and peculiar drastic trends such as masks, cleaning supplies, and shockingly, a rise in digital wallet usage. As people become more health conscious while the government and doctors learn to contain the spread of coronavirus, thankfully, the economy is slightly improving. Analysts predict that the market will begin to recover gradually in the coming months, following a similar pattern to the SARS outbreak in March 2013, as the currency markets went back to normal after 2 months SARS was under control. However, as the economy slowly reverts, what will happen to consumer’s trend of making digital payments?

Digital Payments Post-Pandemic

When experts revealed that cash is able to transport live virus for up to 17 days, people have immediately switched to digital payments in fear of spreading or getting infected by the virus from money transference. On the other hand, the U.S. Federal Reserve increased the minimum holding period for bills coming from Asia and Europe in an attempt to contain the spread. China and South Korea take it to another level by disinfecting money and burning it. Multiple banks have also encouraged the use of contactless payments such as online banking to avoid overcrowding of ATM terminals to withdraw money. These incidents have led experts to believe that digital payments are the future.
A world without cash. Canada, Sweden, and the UK are among the top cashless countries. But, what would happen if other countries follow their footsteps? The absence of cash could attract many benefits such as crime reduction. People are able to eliminate the risk of being a target by not carrying cash as debit and credit cards can be easily reported and canceled if reported stolen. Whereas, if cash is stolen, it’s impossible to retrieve it back unlike digital currencies such as Bitcoin and online banking that enables you to keep track of your transactions. On the other hand, a complete cashless world is impossible as the poor remain dependent on cash. It might even cause a return to barter among the poor to exchange one thing for another in order to survive. This could, however, be avoided if there is a global strategic plan transforming the way humans live. Is it possible, though?
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Predictions for the future of cryptocurrencies

It was in the year 2017, cryptocurrencies skyrocketed to the next level. But, the future of Cryptocurrency is still getting plenty of predictions every moment. People from different domains have started looking for these predictions. In December 2017, Bitcoin broke the trading charts by surging up to $20k, and became the most worthy cryptocurrency to the world.
Even though Cryptocurrencies will impact the future — the regulations will keep getting tighter. Countries like United States, United Kingdom, Australia have accepted Cryptocurrencies. In future, there are chances that other countries will come forward and accept Cryptocurrencies. We are all hoping that countries like – Mexico, Thailand, and South Africa will take the necessary steps to make crypto legal and adopt the Blockchain. But, what do cryptocurrencies hold for us in the next decade? Here are the 10 fabulous predictions for the future of crypto’s.
Everyone will start to use Cryptocurrencies — and they may not even be aware of it.
Though it has been a decade since the arrival of Cryptocurrencies, there are people who aren’t aware of it. They make use of the traditional method of transactions to manage the money flow. In the future, businesses will start using Cryptocurrencies to pay for their services. With this, businesses will remove the middleman from various processes. And it will reduces costs and makes their services cheaper for the end user. All this will happen even when people aren’t aware of the cryptocurrencies. Bitcoins will hit $1 million.
John McAfee has predicted a very bold thought about Bitcoin hitting $1 million by the end of 2020. He believes that, crypto currencies are the most trusted ones. Once the Bitcoin takes over the global economy, the demand will increase and the traditional dollars will no longer be needed.
The owner of Snapchat, Jeremy Liew and Blockchain co-founder Peter Smith predicts that by 2030, the price will have reached $500.000.
In the future, Bitcoin will act as Remittances for many people. Lack of knowledge can make the people buy Bitcoins as a safer mode of investment similar to Gold. With smartphone transactions, half of the world will march towards non-cash transactions by the year 2030. Cryptocurrencies will replace Fiat currencies. According to Draper, one of the Crypto Enthusiast has recorded his view on the same. He says Fiat currencies will disappear as people will start marching towards cryptocurrencies like Bitcoin, Ethereum, etc. The major reason for this adoption is people believe cryptocurrencies as the reliable storages of value across country borders and political aspects.
If you consider the most popular cryptocurrency, Bitcoin, it has reached the top 30 currencies list by passing the $10.000 hallmark. Thus, most of the experts predict Cryptocurrencies are here to stay by being an alternative for Fiat Currencies. Moreover, it is said that the total lifespan of fiat currencies will be at a maximum of five years.
Government Agencies will soon adopt Blockchain Technology.
Countries with SEC Guidelines will start adopting Cryptocurrencies for their Governments. Currently, Government agencies are maintaining a separate database. Each agency is dependent on the other for its processes. This has been a tedious process nowadays. When Blockchain comes into the picture, the distributed ledger can provide effective data management to enhance the process and make it simplified.
In the next ten years, we can expect powerful cryptocurrencies to rule the Governments and manage the cash flow in the country. Crypto enthusiasts predict Government agencies will soon start adopting this Decentralized systems for their processes. For example, the Estonian Government has already adopted Blockchain Technology called X-Road, which stores the complete credentials of all citizens.
Future of Cryptocurrencies will integrate with Internet of Things.
IoT is already here. When both these giants get combined, we can expect a fantastic future of technologies without any doubts. According to the recent report by IDC, it is expected that Blockchain Technology will join their hands with the Internet of Things soon.
The primary motto of the integration is to render a highly scalable and secure framework for communication between IoT devices. Yet another thing is Cryptocurrencies have the stability to make micro-investments for smart devices in an efficient way.
Cryptocurrency Exchanges Trading.
The Trading enthusiasts in the crypto world are marching towards cryptocurrency exchanges for trading. In the near future, more cryptocurrencies will come into existence. With the growth in the price of cryptocurrencies, users will start trading with different currencies.
As Bitcoin is the popular cryptocurrency till the date, Ripple will also emerge to be the next Bitcoin in the future years. Along with this, Ethereum, Litecoin, Stellar will start to uprise their prices. As the price starts rising, it will have a great impact on crypto exchanges and the crypto world.
Banking and Financial industries will undergo disruption.
Blockchain and Cryptocurrencies have a lot to do with Banking and Financial sectors. Banks will eventually accept cryptocurrencies to reduce their complexities. Here are a few things cryptocurrency will do:
People will start opening Cryptocurrency Bank Accounts. Cryptocurrency Debit cards will become a normal thing. Instead of withdrawing money, one can buy Bitcoin and other cryptocurrencies directly from ATM’s. Banks will be ready to offer cryptocurrency loans to suitable candidates. Cryptocurrencies will make an instant process.
Do you want to send money back to your parents living on the other side of the world? It will just require 5 seconds to send your $5000 to them with fewer transaction fees. You don’t need to wait for 3 days to fill their pockets.
In addition to the fast transactions, Blockchain Technology will bring in the feature of downloading or file transfer within seconds. Blockchain copies of games, music, videos, books will be sent to your cryptocurrency wallets at a higher speed which would eliminate today’s file transfer services.
New Cryptocurrencies will start emerging.
Though Bitcoins, Ethereum, Litecoins are ruling the world for now as they are the first Blockchain products invented. Innovations don’t stop here! Most of the new cryptocurrencies will start emerging and the future lies with them.
These cryptocurrencies will be far different from the present ones. Just imagine a cryptocurrency which can identify the individual’s reputation and lets you in investing in them! Great right? No wonder that we aren’t far away from it!
Cryptocurrencies will still be volatile.
Despite the measures to stop volatility, Cryptocurrencies will still implement the factors to eliminate it. The major factors for low volatility are regulation of the country and the markets. But when cryptocurrency trading emerges at its peak, cryptocurrencies would experience a deep feeling of relief.
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I'm trying to put together a list of what's coming out this year. Have this very simple list so far. Anyone care to add anything or suggest some better dates?

Latest News (most recent first) - Instant channels enable safe Lightning payments with unconfirmed funding Beta - Feb 10, 2019 - Voyager, New trading app from Uber & E-Trade execs announce launch date - Feb 9, 2019 - bumi/blockstream_satellite ruby gem for the Blockstream Satellite API - Feb 8, 2019 - New Zap Desktop 0.3.4 is out. New features, massive performance - Feb 8, 2019 - New release: @lightning desktop app v0.4.0-alpha - Feb 8, 2019 - valerio-vaccaro/Liquid-dashboard - Feb 7, 2019 - Japanese SBI Holdings will allow trading of coins - March 2019 - lnd v0.5.2-beta released - Feb 6, 2019 - Koala studios launches online LN gaming platform - Feb 6, 2019 - Independent Reserve has become the first #crypto exchange in Australia to be insured, with coverage underwritten by Lloyd's of London. - Feb 6, 2019 - Coinbase announces BTC support for their mobile (keep your own keys) wallet - Feb 6, 2019 - Blockstream published a new open source Proof of Reserves tool. - Feb 5, 2019 - RTL release v0.1.14-alpha - Feb 5, 2019 - dr-orlovsky/typhon-spec spec for new trestles side chain published - Feb 5, 2019 - Payment requests coming soon to BTCPay. - Feb 5th, 2019 - Kraken Acquires Futures Startup In Deal Worth At Least $100 Million - Feb 5th, 2019 - Next Blockchain cruise scheduled for June 9-13 - Feb 4, 2019 - Work on a GoTenna plugin to Electrum wallet in progress - Feb 4, 2019 - Bitcoin Candy Dispensers being open sourced - Feb 4, 2019 - New release of JoinMarket v0.5.3 - Feb 4, 2019 - Prime Trust won’t charge its clients to custody digital assets any longer. - Feb 4, 2019 - nodogsplash/nodogsplash wifi access using LN - Feb 3, 2019 - @tippin_me Receive tips using Lightning Network adds message feature - Feb 3, 2019 - Bitcoin-for-Taxes Bill in NH Unanimously Approved by House Subcommittee - Feb 3, 2019 - Full support for native segwit merged into bitcoinj - Feb 3, 2019 - Bitfury is partnering with financial services firm Final Frontier! - Feb 2, 2019 - Now you can open #LightningNetwork channels in @LightningJoule - Feb 2, 2019 - Integrating Blockstream’s Liquid payments on SideShift AI - Feb 1, 2019 - Wyoming legislature passes bill to recognize cryptocurrency as money - Feb 1, 2019 - Casa is open sourcing the code for the Casa Node - Feb 1, 2019 - Casa Browser Extension released - v0.5.2-beta-rc6 of lnd, full release getting very close now - Feb 1, 2019 - Tallycoin adds subscriptions and paywall features in bid to rival Patreon - Jan 31, 2019 - Static channel backup PR merged into LN - Jan 31, 2019 - The NYDFS grants another Bitlicense to ATM operator - Jan 31, 2019 - @pwuille currently proposing the “MiniScript” language to describe BTC output locking conditions for practical composition - Jan 31, 2019 - Fidelity is in the “final testing” phase for its new digital asset business - Jan 31, 2019 - Hardware wallet PR #109 just got merged so that @Trezor no longer requires user interaction for PIN - Jan 31, 2019 - CBOE, VanEck & SolidX filed a new & improved bitcoin ETF proposal. - Jan 31, 2019 - Casa Node code is now open sourced - Jan 31, 2019 - Next Bitoin halving in roughly 497 days - Jan 31, 2019 - BTCPay released 1.0.3.53 - Jan 31, 2019 - @binance now lets users purchase cryptos using Visa and Mastercard credit. - Jan 31, 2019 - Bitfury to Launch Bitcoin Operations in Paraguay - Jan 31, 2019 - Coinbase introduces very generous affiliate program - Jan 30, 2019 - DOJO Trusted Node bitcoin full node. Coming Early 2019 - Jan 30, 2019 - FastBitcoins.com Enables Cash-for-Bitcoin Exchange Via the Lightning Network - Jan 30, 2019 - TD Ameritrade says clients want cryptocurrency investment options - company plans major announcement in 'first half of 2019' - Jan 30, 2019 - Storage component of Fidelity's @DigitalAssets live, with some assets under management, @nikhileshde - Jan 29, 2019 - lightning mainnet has reached 600 BTC capacity - Jan 29, 2019 - Drivechain shows picture of Grin side chain and suggests might be ready in 2 month - Jan 29, 2019 - Lightning labs iOS neutrino wallet in testing stage now - Jan 29, 2019 - Aliant offering cryptocurrency processing free-of-charge - Jan 29, 2019 - Chainstone’s Regulator product to manage assets on the way - Jan 29, 2019 - Fidelity Investments’ new crypto custody service may officially launch in March. - Jan 29, 2019 - Gemini's becomes FIRST crypto EXCHANGE and CUSTODIAN to complete a SOC 2 Review by Deloitte - Jan 29, 2019 - Iran has lifted the ban on Bitcoin and cryptocurrency - Jan 29, 2019 - Confidential Transactions being added into Litecoin announcement - Jan 28, 2019 - http://FastBitcoins.com Enables Cash-for-Bitcoin Exchange Via the Lightning Network - Jan 28, 2019 - Germany’s largest online food delivery platform now accepts btc - Jan 27, 2019 - Launching a Bitcoin Developers School in Switzerland - Jan 27, 2019 - RTL release v0.1.13-alpha Lightning Build repository released - Jan 27, 2019 - The first pay-per-page fantasy novel available to Lightning Network. - Jan 27, 2019 - Numerous tools become available to write messages transmitted with Blockstream Satellite - Jan 26, 2019; - BTCPay 1.0.3.47 released - Jan 26,2019 - WordPress + WooCommerce + BTCPay Plugin is now live - Jan 25, 2019 - Juan Guaido has been promoting #Bitcoin since 2014 is new interim president of Venezuela - Jan 25, 2019 - Morgan Creek funds @RealBlocks - Jan 25, 2019 - Coinbase integrates TurboTax - Jan 25, 2019 - Robinhood received Bitlicense - Jan 25, 2019 - Anchor Labs launches custody - Jan 25, 2019 - NYSE Arca files w/ @BitwiseInvest for BTC ETF approval - Jan 25, 2019 - South Korea, Seoul, Busan & Jeju Island currently working to create pro crypto economic zones. - Jan 25, 2019 - valerio-vaccaro/Liquid-dashboard - Jan 25, 2019 - Bermuda to launch crypto friendly bank - Jan 25, 2019 - Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia - Jan 25, 2019 - BullBitcoin rolling out alpha access of platform - Jan 25, 2019 - Electrum Wallet Release 3.3.3 - Jan 25, 2019 - Bitrefill, purchase Bitcoin and have it delivered directly over LN - Jan 25, 2019 - South Korean crypto exchange Bithumb looking to go public in USA - Jan 24, 2019 - Bitcoin Exchanges Don’t Need Money Transmitter Licenses in Pennsylvania - Jan 24, 2019 - US; New Hampshire Bill Aims to Legalize Bitcoin for State Payments in 2020 - Jan 24, 2019 - Robinhood, LibertyX Receive Licenses from New York Regulators - Jan 24, 2019 - Bakkt Bitcoin futures contract details released - Jan 24, 2019 - Blockstream CryptoFeed V3 now includes 30+ venues and 200M+ updates per day - Jan 24, 2019 - Binance Jersey – The Latest Binance European Exchange - Jan 2019
Commit Activity
Nodes and Market Dominance
Bitcoin
Financial
Lightning:
ASIC Miners:
Will update this section when I hear new developments
Wallets:
Hardware wallets:
LN
LN Apps:
LN Extensions / Launchers
LN Desktop wallets:
LN Mobile wallets:
LN Network:
LN Nodes:
LN Plugins:
LN Services:
Liquid Network
Rgulatory:
Exchanges:
Payments:
Please comment if you have any ideas on dates. Many of these dates are placeholders waiting for me to update. If you comment then I will update the post.
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The Crypto King Report January 8th: KuCoin Picks 6/6 (Today’s Pick: PURA) NEW ICO Picks (2 New Ones!) BNTY (600%), KCS (500%), DRGN (400%), DBC (150%), ELIX (100%), SNOV (70%), TRX, POWR, ADX (NEO link), ENJ(Wallet), NEO, PAY, ICX, STRAT, XEM, ARDR, and CONFERENCES

The Crypto King Report January 8th: KuCoin Picks 6/6 (Today’s Pick: PURA) NEW ICO Picks (2 New Ones!) BNTY (600%), KCS (500%), DRGN (400%), DBC (150%), ELIX (100%), SNOV (70%), TRX, POWR, ADX (NEO link), ENJ(Wallet), NEO, PAY, ICX, STRAT, XEM, ARDR, and CONFERENCES
I appreciate all my loyal followers! For tips and strategy hours before being posted to the message boards follow on Reddit, Instagram: JaketheCryptoKing and Twitter: JbtheCryptoKing. And now on Discord: https://discord.gg/JfkWfUy (join the group to reach me directly and see posts early!). If the title is a foreign language to you read my Cryto-101 post and let’s go from there: https://redd.it/7m48ne . See posts first in the new Subreddit: TheCryptoKingdom. Remember in trading minutes matter, hours are eternities.
Did you see SNOV yesterday!? We are officially 6/6 on KuCoin picks and as promised I have another one for you guys today! None of the KuCoin picks have even shown signs of pulling back. KCS will continue its dominance as KuCoin is one of the few exchanges accepting new traders (referral link below). Another very positive thing for us KuCoin early entrants is that Binance and Bittrex have suspended allowing new traders. That means guys like you are flocking to alternative exchanges (like KuCoin) to get involved in the crypto world. KuCoin has increased their daily volume every single day for the past 2-week, their twitter eagerly displays this info, and they updated their servers to handle significantly higher trading capacity. More money flowing into altcoins means the market caps will increase accordingly. Look for our moons to continue mooning. Remember moonshots are not to be day traded, they will likely end up on major exchanges which is when they will have their true moon. You could have made 70-100% on DRGN or KCS my first week posting moonshots, but if you held them, you would have made 400%. I have increased my portfolio % in moonshots as they’ve been outperforming all other sectors of crypto. This allows me to HOLD while still finding new moonshots!
Pigs get fat, hogs get slaughtered. If you do not diversify and HOLD forever, eventually you will become the hog, and get slaughtered. Traders try to make 10-20% per year, bonds earn 5% on a good year. We are earning 20-200% a day on moon shots daily. I fully support being invested in them, as I am, but this is the riskiest part of the entire crypto world. I would highly recommend removing a % of your profits from your current moonshots and either rotating them into other moonshots you have smaller holdings in, or investing in the 2 below ICOs. This does 2 important things, 1. It locks up your funds for 1 month so you don’t suffer fluctuations in the alt market, and 2. Provides you a discount for a coin that will probably be listed as a moonshot in 2 months because at 4x ICO value it will still be undervalued when compared to the total market!
So now everyone’s favorite part (as it is mine too considering we’ve been making 50% on anything held 24hrs, 100% on anything held 48hrs, and 150%-200% on anything held 72hrs).
Let’s hear it for SNOV, ELIX, DBC, BNTY, DRGN, and KCS. Not only has the moonshot list had huge gains, we have had other 100%ers in the last 10 days. XRP, BNB, NXT (80% if you were late to the party), ENJ, NEO, ICX, and XEM. We have had a very successful week, make sure you don’t forget to tip the dealeresearcheRedditer who is putting in all this effort to share winners with you!
Today’s Moonshot KuCoin Pick: PURA (The early bird gets the worm, get in early!)
Referral link for KuCoin: https://www.kucoin.com/#/?r=1cH1M
PURA is a coin predominantly traded on KuCoin. It is also one of the few that is down a decent % from yesterday with no news to support this drop. With so many alts correcting I suspect PURA will have corrected by the time I finish writing this post, or by late tomorrow afternoon. It’s trading at 4000Satoshis at 9am (as I am writing this), I expect 5500-8000 Satoshis to be approached if not surpassed by the end of day Monday (based on sell walls a spike to just under 8000Satoshis is my best estimate). There are minimal sell walls and this one should be off to the races once a few big buyers are holding. In September PURA updated their systems to have INSTAPAY, PRIVATEPAY, MASTERNODES and FAIRMINING. Unlike the ridiculously slow BTC, ETH and LTC network PURA lets you send coins instantly (seconds literally). This is what makes INSTAPAY so impressive. What about Privatepay? It lets you send the crypto using a private wallet. MASTERNODES allow anyone to mine PURA on their computer creating a larger PURA network. With a wallet already out, a mining platform set up, one of the smallest market caps on KuCoin (98million), and ways to send crypto instantly and privately I expect PURA to rival many of the larger cap coins. If PURA makes it to a larger exchange I see an easy 3x here. If PURA hits $1billion as a market cap which is very achievable within months of arriving at a larger exchange this coin will be a 10xer. Finding coins that can appreciate 10x with an exchange listing and minimal news is a very difficult thing to find. PURA is it. We are 6/6 on the moonshots so far…will we make it 7/7 as of Tuesday?!
SNOV was my pick yesterday and it appreciated nicely. It is still a favorite of mine with room to grow. Yes, we’ve all experienced a nice gain and I always follow my rule, pigs get fat, hogs get slaughtered. However, we have to compare SNOV to other recent moonshots. Anyone who has sold a moonshot to date has lost out as my first 2 picks KCS and DRGN are up the higest %s. This demonstrates that HOLDING is as important as monitoring important times to buy and sell. I’ve added $$ (well BTC) to KuCoin as the opportunities here are much more significant than on Binance and Bittrex with new $$ and traders flowing in and new coins being listed regularly there are endless possibilities. 3 days ago money flooded into BTC as you could see in the BTC price rise. I predicted this 48hrs prior that institutional money would get involved within the next 72hrs, and we had our 20% BTC price climb. What happens immediately following a BTC price climb? The alts respond! I expected SNOV to have overreacted to the BTC climb and was correct. 24hrs prior this coin was trading at 1200Satoshis. SNOV has corrected to the pre BTC price collapse but has yet to excel like the many others located on KuCoin. Sunday’s pick was SNOV, I personally am doubled down by rotating $$ out of stagnant positions in Binance and Bittrex. I am going to continue ride the alt wave all day as SNOV, DRGN, BNTY, ELIX, KCS, and PURA (Today’s Pick!) should all trend north today. I also plan on transferring a decent amount for more KuCoin picks! Diversification is key, but it is important to still HOLD. You can be diversified among moonshots!
Monday’s move is to purchase PURA, set a price target of 60,000-70,000Satoshis over the next 72hr period. Leave a very large % in to allow it the opportunity to continue to moon, but make sure to have some crypto available for tomorrow, if not Tuesday’s next moonshot!
I believe PURA should have the highest return in the next 72hrs when compared to alternatives on KuCoin. However, SNOV should continue to trend north as new traders flock to KuCoin snapping up cheap shares. BNTY should continue its rise as it gets added to a new exchange and provides actual bounties for digital tasks (so cool!). DRGN is not left to die by Disney and is leading the charge to get on Binance (they also have a production deal coming up!). I am extremely bullish on DRGN even at a 400% increase this week. I expect a Disney associated press release in the next few weeks and a new exchange listing. KCS will win because it is one of the few exchanges still accepting new patrons, AND they give 90% of the trade commission back to KCS holders and as referrals. This type of referral and KCS dividend is unheard of in exchange marketplaces. DBC is downright amazing, combining AI and the blockchain. The moonshots have all increased, yes, but a moon is not a 70% increase. HOLD (and accumulate PURA!).
Crypterium and Covesting met their hard caps :/ but the good news is most of you were involved in these ICOs. When an ICO meets its hard cap it is clear there was significant interest and a greater likelihood of mooning immediately after exchange listing. Both the two I am now presenting I expect to reach hard caps in the coming weeks.
ICO 1: KYC Legal: KYC Legal (please use the referral as I make no $ spending countless hours researching these ICOs and coins ) referral: https://bookbuild.kyc.legal/?ref=23734776ffa2051a83eb8bc1
The first I am presenting is a new favorite of mine because of the all so dreaded KYC form. Know Your Customer. If you’ve completed an ICO recently you know the form I’m talking about. The form they give you at the end, after you’ve sent your .5eth but before they will release their tokens. Basically stating you understand this market is unregulated, etc. Well a blockchain token has in essence solved this problem. I HATE KYC forms and if the KYC system was set up in a way in which you wouldn’t have to fill out that form repeatedly for every ICO it would be more convenient for all investors and ICO companies. KYC Legal intends to do just that. According to the founder DR, “This is a simple and quick way to complete client identification procedures, which can then be used to verify the client’s identity during various financial operations (so-called KYC (“know your customer”) requirements that financial institutions and companies working with the money of private individuals use to identify and verify counterparties before starting a financial transaction). This niche is completely untapped and I HATE KYC forms enough to think this is a brilliant idea. They are calling it a “Universal alternative to Personal IDs,” on the block chain. Brilliant concept and there are 2 days left to receive the 38% discount from the final price. A 38% gain prior to token sale completion is significant, imagine what will happen when the hard cap is reached and it hits the first exchange. KYC Legal: https://bookbuild.kyc.legal/?ref=23734776ffa2051a83eb8bc1
ICO 2: HOQU Referral: https://www.hoqu.io/?ref_id=7e8ace30413be0fe224fa60d3e57868f
According to HOQU directly, “HOQU is a decentralized affiliate platform combining the performance-marketing model with blockchain technology. The aim of the project is to create a decentralized ecosystem, which will be used to build CPA services, ranging from affiliate programs to affiliate networks and related products. HOQU integrates advertisers, networks and affiliates into a single platform, significantly reducing the financial costs for all market participants.” Currently we have decentralized markets for advertisers, networks, and affiliates, HOQU intends to combine all 3 into one platform on the blockchain. This satisfies the need to fulfill a niche market. Not to mention their team is exceptionally active posting on twitter and doing shows across the U.S., currently at a crypto convention in Las Vegas. This is an active team (not a scam hiding in Eastern Europe or Asia) with a niche implementable platform. I see this being a true moon candidate following listing on an exchange! Please use my referral, thank you: https://www.hoqu.io/?ref_id=7e8ace30413be0fe224fa60d3e57868f
All below information has been updated on Monday at 1am EST. This will help individuals follow what information has been repeated/edited.
Personally I am using funds that were in BTC, ETH, and LTC to buy new alts. BTC spiked 2 days ago making alts exceptionally cheap! I’d recommend adding funds in FIAT, selling BTC, or selling alts you do not have faith in to reallocate to strong January plays (either on Binance, Bittrex, or KuCoin - My new favorite if you’ve been following our %s).
As expected today was be a big day for ENJ as their wallet and Minecraft plugin debut are approaching quickly! I believe besides moonshots, STRAT and NEO will be the top performers overall in January. NEO has conferences and guaranteed publicity the entire month and STRAT has a new ICO platform.
Make sure to open an account to trade these coins on Binance: https://www.binance.com/?ref=15316928
My 3 favorite conference plays for the next 2 weeks are: WAVES, ARK, and SONM. These 3 are all at events in the next 2 weeks of January (Waves and ARK are at a conference in Miami I will be attending!). The cost of attendance to these conferences start at $1,000 (I will need tips to cover costs !). However, they provide exposure to the top individuals and founders of coins with billions of dollars in market cap. In comparison to other coins speaking at the largest January events WAVES, ARK, and SONM’s price has not appreciated this week in correlation to the others. They are also the smallest market cap coins presenting at these huge conferences. This provides an opportunity to purchase WAVES, ARK, and SONM at an undervalued price. As their conferences in mid-January approach I expect their price to trend north rapidly, peaking on the day of, or day after the conference. These should be focal points if you shy away from moonshots (which you shouldn’t!).
TRX (BUY) Lots of individuals were hating on my Reddit 2 days ago about me calling TRX to recover from .16, here we are back above $.21! The price fell over 30% 2 days ago and has almost completely recovered! TRX has a game coming out this month and I expect it to continue to trend North as one of Binance’s cheapest options with a monetized game on the horizon. I do not know if you played Cryptokitties but it crashed the Ether network. TRX is a much faster and less expensive network to process information on. I expect the game this month to be the second that monetizes gaming through cryptocurrency leading to TRX’s short term success. I’d expect another 100-300% returns leading up to the release of a game on their TRX platform.
STRAT (BUY and HOLD). I have an interesting update!!! STRAT is developing a Breeze wallet with Tumblebit which makes Bitcoin transactions private through the STRAT network. The biggest problems with BTC is its transparency and it’s speed. STRAT will help alleviate the transparency aspects for those who want to conceal how much they send/receive. A wallet that manages to conceal your BTC holdings (makes it similar to privacy coins). STRAT’s money for advertising has been saved with the anticipation of a high volume publicity campaign upon release of their new wallet and ICO platform. Once funds are spent advertising the STRAT ICO platform, their 2 flagships are announced, and their wallet is functional (all happening this month) I expect the price not only to trend north but more than double if not triple. I wouldn’t be surprised to see 100%-300% returns on a fairly safe crypto investment (normally the riskiest coins provide this monthly). Their twitter confirmed the 2 ICOs coming out in the next few weeks, when the official announcement is made we are looking at 100-200% gains.
STRAT is on the cusp of being able to host ICO’s for other companies. This is extremely valuable technology and they’ve announced it will be ready to go this week. Would anyone like to know the going rate of an ICO? 20-40BTC. Per ICO these small companies and their coin holders are making $250k-$600k at the current BTC prices. This is a very big business. They’ve also announced 2 Flagship ICOs that will be available on their STRATIS network in January. The platform to host ICOs goes live this week, and within 2 weeks we find out which ICOs STRAT is hosting, then their wallet and advertising rollout. This should be a very positive 2 weeks for STRAT. As the crypto market continues to expand, the need for new ICO platforms will expand as well. This is my safest, favorite coin for January.
ICX (BUY and HOLD) ICX has had about a 50% run this week and continued to perform yesterday. This is again a good opportunity to buy as I am still very bullish on this coin. The price will trend north until the end of the month where the blast off will occur. The Koreans love this little coin so much it is hosting its first blockchain conference in the tallest building in Seoul at the end of January. This will be enormous exposure for a coin which Koreans are already in love with. Their mainnet although once delayed was promised to be released prior to their January conference. Based on big news and Asian trading volume this should continue to trend North. Asians trade more than Americans. Koreans are the highest volume trading country in Asia, and they happen to love ICX. ICX should continue to trend north leading up to their conference in the end of January. This is an accumulate on dips until the January 25th conference. I am not sure we will see many more dips unless BTC has a run to 25k but continue to accumulate, this should trend north toward $20 by the end of January.
TNB (BUY) has a BETA version of the Android and IOS wallet being released this month. This is one of the few coins that didn’t take a beating yesterday. Being able to take your funds with you is exceptionally important. Having a good looking interface is equally important. TNB looks to accomplish both tasks this month. It is also one of the cheapest coins on Binance, a plus for those looking for cheap coin acquisitions! I like TNB as a cheap Binance coin with truly significant potential.
POWR(BUY), is a semi-finalist in an event coming up on January 9th. This event should provide plenty of exposure for one of the few ICOs supported by a government (Australia). A county that struggles with power grid failure could succeed in implementing the first cryptocurrency related directly to trading power, electricity on the blockchain. I expect a strong 2 weeks from POWR. Expect to see significant returns in the next 72hrs especially if they are not only a semi-finalist but make the finalist list!
ENJ (BUY and HOLD), Did you see yesterday’s gains, almost 30% up from the prior day’s dips!? I hope you listened on this one! Enjin is coming out with a Minecraft Plugin and Digital Wallet for your phone. The coin is a token designed specifically for gaming, a quickly expanding realm for digital currency. With a Minecraft Plugin and Digital Wallet being completed shortly this coin should continue to appreciate. They are also running a promotion giving away free ENJ on the Minecraft platform to get users involved. What could be a better boost to your coin value than a working Minecraft Plugin and a brand new wallet?
ARDR(BUY) Honestly, Bittrex is beginning to frustrate me. I haven’t received my IGNIS and ARDR has been unable to be sold, bought, or transferred in weeks. I recommend moving $ to KuCoin and enjoying these insane %s. However, currently like many of you I have a large holding in ARDR which I still believe strongly in but would like the opportunity to sell if I choose! Their platform successfully launched Jan 1st. All those NXT you’ve been holding for the free IGNIS are used specifically on the ARDR block chain. With a new platform and coins to be used on it this will be a positive week for ARDR with exceptionally high returns correlated with the new platform and IGNIS’s continued appreciation. I believe ARDR and its new network will experience positive publicity and a successful launch of IGNIS. I would continue to buy and hold as the ARDR network gets rolling.
XEM(BUY), They had their pop 2 days ago and has since decreased with the rest of the market! It is time to get XEM on sale prior to their hackathon beginning this week! Each coin has a specific reason for their being undervalued. Catapult, which is version 2.0 of NEM is to be released very soon. Following Catapult is a 4-week hackathon beginning the first week in January. There is nothing better to build awareness and test out their new Catapult network they’ll be releasing this week, then a worldwide hackathon and a new update to their NEM network. XEM will have a pop this week when Catapult goes live, followed by a 4-week awareness rally driven by a worldwide hackathon.
ADX (BUY), has had an impressive run but taken a recent dip. It remains a favorite of mine for multiple reasons. One of my favorite parts about ADX is they have a profitable platform already for coin holders. This is essential for every coin. Without a platform for a functioning coin, the coin is just unique code using up electricity. ADX advertised space on EasyJet boarding passes successfully last month and now is selling over 1 million more advertising spaces. This is a profitable coin with a strong future already occurring. ADX wins because NEO wins, Asian markets enjoy trading even more than the U.S. currently. This trend should continue as ADX continues its trend north. Their next partnership or announcement will lead to the next big pop in price, but as far as a coin goes, this is a safe option with stable returns that has a functioning and profitable platform.
NEO (BUY and HOLD), is an important hold in all portfolios as it is hands down the Asian Ether. NEO has one of the biggest January’s of any coin and is up over 70% since I recommended it originally. NEO has meetups in Dublin, Hamburg, Amsterdam, and London the first two weeks of January. Everyone sees the upcoming calendar and realizes the next 2 months will provide more exposure than any 12-month period in crypto history. NEO is the latest addition to the buy and HOLD list. They end the month of January speaking at 2 of the largest blockchain conferences in the world. This will be one of the strongest plays for January 2018.
PAY (BUY and HOLD I believe they have a strong platform and an upcoming rollout which will allow users to deposit crypto and receive cash at ATMs or use it as a Debit Card. This is an important transition as few enjoy the hassle laden process of transferring back to bank accounts. If you must divest this is one I would divest from.
Some Lovely Followers Requested I Provide Addresses for “Thank You’s and Holiday Cheer” Here are 4 address to help provide my girlfriend with presents so I can spend more time researching! What is 5% of the 200% I earned you this week?
ETH: Address: 0xdef6b4415635d15b0dc50e7039ef73c33e622f22 LTC Address: LiTtwXUMCMmch5oKUXfrXMqXWnG6jLg3qD BTC Address: 1LFLx3cXD1xiqCrupZJKf8p6pR23JRZWtP DASH Address: Xi9637XDyW2Q6wtRyGLsNXbJHj4UZ2M3kN (cheapest way to send!) KCS Address: 0x56d0a5b42a8313c36d8fe7a37ee3ccade7e4e6e1
XMR Deposit Address:44tLjmXrQNrWJ5NBsEj2R77ZBEgDa3fEe9GLpSf2FRmhexPvfYDUAB7EXX1Hdb3aMQ9FLqdJ56yaAhiXoRsceGJCRS3Jxkn XMR Deposit ID: b72e438346259f2828feaec4b04f0a95034b6364853f6f33d2370f57a37a1753
submitted by JakeTheCryptoKing to u/JakeTheCryptoKing [link] [comments]

EVERYONE, Have A Look Here

So, I've come up to the following comment of a video on youtube and since the guy is obviously biased towards EOS, and missing a lot essential information regarding Cardano, I've actually realized he is making a good point in a way or another. Especially considering the fact that the two projects have almost similar life-length.
Let me make it clear, ADA is 99.5% of my portfolio, and i'm in since November of 2018, but let's be honest, there are questions to be raised, and I would start with: how about getting Staking released after 5 official postponements?
Here's the comment:
Some facts about Cardano: - They have a wallet. Its not working very well, takes forever to sync. But, its peer reviewed....like everything else will be. - still running on one server, but promisses to be the most decentralized of all. Some day... - The IOHK contract expires in 2020. - One of the only two dapps that were developing on cardano (sp8do) moved to eos. - Did i mention that they have a wallet?

Some facts about eos: - running with NO FEES and INSTANT transactions (try gaming sites...youll be amazed) on 21 Block Producers out of 500+ from which the voters can choose from, every 2 minutes. - VC founds investing 100s of millions (Novogratz Galaxy digital 325 Million, $100m FinLab AG and BlockOne VC Fund, $50m SVK Crypto and B1 fund, $50m Tomorrow Blockchain opportunities fund, ...___). - $1bn BlockOne commitment to fund Dapps in the Eco system (EOS VC Initiative) - $200m VC fund with Blockchain veterans Michael Cao and Winnie Liu, which will make strategic investments in Asia-focused projects utilizing EOSIO - Bitmain's Jihan Wu investing heavy in BlockOne - PayPal’s Peter Thiel investing heavy in BlockOne - Rob Jesudason, the Chief Financial Officer (CFO) of Australia’s Commonwealth Bank (CBA), has left the bank to join BlockOne as chief operating officer - Tomorrow Ventures, a venture capital linked to former Alphabet Inc chairman Eric Schmidt, is also involved. - sister chains launching (Worbly, Telos, Eosforce, Boid, Evolution, Eoseurope, BOS,..) They will eventually have inter-Blockchain communication (IBC) which will be a revolution in speed and usability. - Activision (call of duty, angry birds) and Mythical games giants already building on eos. Mythical Games $16m founded by VC's. - China government rated EOS number 1 crypto many times. - Weiss Rating rated EOS number 1 crypto - blocktivity shows - 87 million trx per day, more than all other crypto combined and multiplied many times - in its inphancy (In comparison Ethereum average 600k and Bitcoin average 500k) - 17.000 trx pre pecond on testnet, beating every other project many times over - Wickipedia founder launched Everypedia on EOS, growing fast and thinking on launching their own eos sister chain - DappRadar - most used dapps of all other crypto - Second in number of developers, behind ethereum (not for long as they are moving to eos) - free Airdrops and Airgrabs, worth 1/3 of the EOStokens in just 8 months and coming more and more frequent - Bancor launched a decentralised exchange where you can trade ETH, ERC20, EOS and all EOS airdrops directly beetween them, without fees - many DEX exchanges where you can trade EOS airdrops directly from/to your EOS account - no need to send them anywhere!! (jeah, really!) Eos is growing a brand new internal blockchain market of its own. Many tokens atm are only tradable in EOS. - introducing EOSBTC, EOSETH and EOSUSDT..that act like eth, btc and usdt stable coins, but on eos's blockchain speed - Ledger Nano S integration, where you can set up Ledger to be your active or owner key... and so protecting your eos account even if someone steals your Ledger. A revolution in crypto security. - 4,8 BILLION US DOLLARS warchest in CASH - EOS's development funding is the only crypto that is not effected by the bear market - BlockOne is the only one out there hireing lots of developers in a bear market when others are laying them off. - Many Dapps migrating from ETH to EOS (Sense coin, havven, texico, medipedia, sentinel, Eos Dice bet,...). Even one of the only two dapps developing on cardano just moved to eos (sp8do), publicly exposing cardano as too complicated to build on. - incredibly scalable (every future issue can be fixed easily without a fork) - FORTH crypto in trading volume in a BEAR market (only behind BTC, ETH and USDT) - multiple exchanges adding EOS trading pairs regularly - Blockchain with human readable names, makes transferes as easy as possible - Blockchain with top security, the first one with the so called 'owner' and 'active' key pairs. - one of the strongest and largest community there is. EOS reddit, EOS telegram, a huge amount of sub communities too like for Block Producers, Developers, Designers, people who just talk price action... Even the individual block producers have their own communities, sister chains have their own, dapps build on eos have their own communities... - Virginia Tech - the tech school where Dan Larimer is teaching young troops on eos and blockchain...wait till they come out of there... - Chintai lending, where you can lent your eos resources for profit, today. - Huobi just launched a new exclusively EOS based exchange, where voting and other things will be possible. - referendum voting is on, the ultimate decentralisation. Power to the token hodlers. - EVA, the Uber competition dapp built on EOS got an official operating permit in Quebec - Just out - support for Microsofts . NET - Virginia Tech partnering with Block One - pEOS - just Airdroped to all eos holders. Privacy coin on eos mainet! Immagine a monero on eos... That you can send from eos account to another eos account without a trace... ;) - Tapatalk, a forum system that has over 200.000 forums all around the internet, and more that 300 mio users, is implementing their reward system on EOS. - EffectAI (EFX) moving from NEO to EOS in april 19. - Sense, the new telegram on eos, launched. - Wanchain announced it will integrate with EOS. - FCAS standars of CoinMarketCap rates EOS in first place. - Block one released an hardware wallet as an open source library so any HW can use it - cybersecurity veteran Eddie Schwartz joins Block1 as chief information security officer - EOS is listed on CoinBase Pro. - Still to come (and consequently rise the price): - REX renting (voting incentive, CPU congestion solving) - Block One wallet (with all the goodies in one secure place) - Trezor and other hard wallets implementation - banking on eos (yes, they are opening their own bank where the costumers will be the owners, it is called The Good Bank) - dmail - an email beetween eos accounts, just about finished - facebook on eos, - identitiy on eos, - genome on eos - financial markets on eos, - last but not least - Dan Larimer thinking of a Bitcoin on stereoids on the eos chain (so called Shower coin, that made the competition shit in their pants according to the "Dan is leaving" FUD they are still desperately trying to spread) All this in under a year... And June is coming...
submitted by wisecryptosignals to cardano [link] [comments]

CoinCasso - Creating Unique Solutions and Hybrid Crypto Exchange Platform

CoinCasso - Creating Unique Solutions and Hybrid Crypto Exchange Platform
https://preview.redd.it/unn392s1uur21.png?width=800&format=png&auto=webp&s=a89048674d7839141246804e8560c5231e203e22
Earnings on cryptocurrencies are gaining great momentum every day. Even now, it would seem that the digital market is standing still, but some cryptocurrencies manage to give 50-100% profit within a few days. It is already becoming clear that blockchain technology will be able to reliably gain a foothold in various areas of people's lives and platforms with new digital tokens growing.
Thanks to the development of such projects, the number of users is increasing, both the demand and the price of their crypto-currencies are growing, which allows to receive an additional source of income for both traders and beginners. But there is a question of choosing a more convenient, attractive and meeting the requirements of the cryptocurrency exchange.
Many exchanges have already been created, but they are so primitive and still have a number of drawbacks in the form of large commissions for trading, which can be reduced only with considerable volumes of sales and purchases, slow support service, centralization, do not vote with their users to implement changes.
But here is an innovative project COINCASSO which is here to solve all the problems been faced in the crypto exchange market.

About the CoinCasso

The CoinCasso Group — which includes Estonian, a licensed cryptocurrency exchange CoinCasso Exchange creates unique solutions supporting the exchange of cryptocurrencies. In addition, the whole project will also include the ATM-BTC network, which will start in the second half of 2019. Also includes implementation of mobile, PC and POS applications related to the entire infrastructure.
All infrastructure is created to produce the commissions charged in exchange for mediation in transactions. It is the only one system in the world that pays up to 80% of its profits between the owners of holding the CCX token — CoinCassoExchange Token.
CoinCasso Group, a licensed CoinCasso Exchange of Estonia, creates a unique solution that supports the exchange of encryption codes. In addition, the whole project will include the ATM-BTC network, which will start in the second half of 2019. It also includes the implementation of mobile, PC and POS applications for all infrastructure.
CoinCasso is more than just an exchange, it is a multi-layer product. The profit which we share with active users will come from the following parts of the project:
* CoinCasso Exchange 2.0,
* CoinCasso Pay Wallet App,
* Quick exchange,
* Payment gateway,
* A network of ATMs,
* PoS — payment terminal.

How does it work?

  • CCX Token was developed by CCX pro Australia and is based on the renowned and proven Blockchain technology. This is an ethereum based on Ethereum-20. It is a well-known, safe and universal solution that offers a high level of transparency and diversity in the protection and storage of sawdust.
  • The CCX tokens are ready for immediate use and you can immediately cancel special addresses using METAMASK or ImToken.
  • After the event, the guaranteed Token negotiations can be made immediately on our partner’s secret platform.
  • The CCX token allows you to join the company profit and buy services and staff on our platform.
  • Use the token as a common currency, transfer unlimited money between users and services on the CoinCasso platform.

Instant Withdrawal

CCX Tokens are available immediately and you can instantly withdraw to your dedicated address using the METAMASK or ImTokenapplication.

CCX Holders Benefits

CCX Token allows you to participate in share of company profit and to buy services and memberships on our platforms.

CCX Token as Currency

Use token as regular currency with unlimited and free transfers of funds between users & services in the entire CoinCasso platform.

Mobile App Coming Soon


https://preview.redd.it/cxpbu033uur21.png?width=452&format=png&auto=webp&s=d5fd03f73641d156567bd8e34c09b7d889fb4aa7
Using exchanges and cryptocurrencies has never been easier. Discover our new CoinCasso mobile application and get the access to your funds with you.

Different devices compatible

The application will be available to users of our platform with software that allows installation on most popular mobile devices..

Exchange cryptocurrencies with fingertips.

Get access to all functionality of trading platform wherever you are.

Recevie, Send & Pay

CoinCasso Pay is a solution that integrates the wallet and payment system, which makes using cryptocurrencies never easier.

Use Of Funds


https://preview.redd.it/i721n9m4uur21.jpg?width=600&format=pjpg&auto=webp&s=5271d816d94acf1a01cd779a8d237cee58634307

Token Distribution


https://preview.redd.it/bsrl4pm5uur21.jpg?width=600&format=pjpg&auto=webp&s=d10990947c562090567952972d93d87fe9a96b3a
  • Platform: ERC-20 (Ethereum)
  • Max-supply: 100.000.000
  • Contract:0x395dc9a82e3eef962b0355a3d4e6819e9af776d2
CCX tokens work in a similar way as tokens on other exchanges but they have additional value for the users of the exchange. Owners of the tokens have the ability to participate in the company, reduce the transaction fees and give the token holders the right to receive a part of the profit made by the company.
The main elements of the project are: Cryptocurrency operations with a professional trading page and a quick buy / sell. The global network of ATMs is integrated with our platform for quick deposit and withdrawal of funds.
Mobile Wallet application integrated with the platform and external payment services. Payment gateways and integration of sites through an API. COINCASSO Pay is the first virtual card connected to mobile operators. Advantages of the CCIN COINCASSO token: enjoy the benefits of the ALL IN ONE BOX holder.
CONCLUSION
Conclusively, Coincasso will create a large cryptographic network on a large scale, with inventive agreements that depend on the innovation of the blocks. They guarantee an excellent future for delivery and commercial management.
CoinCasso also has confidence in the widespread use of Blockchain innovation and the benefits of cryptographic money in the near future. By entering into agreements around the world, thanks to mechanical improvements and training, cryptosystems will become increasingly easy for all customers.

For more information please visit the links below;
BountyOx Username: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
submitted by Brainerdpaul to u/Brainerdpaul [link] [comments]

World History Timeline of Events Leading up to Bitcoin - In the Making

A (live/editable) timeline of historical events directly or indirectly related to the creation of Bitcoin and Cryptocurrencies
*still workin' on this so check back later and more will be added, if you have any suggested dates/events feel free to lemme know...
This timeline includes dates pertaining to:
Ancient Bartering – first recorded in Egypt (resources, services...) – doesn’t scale
Tally sticks were used, making notches in bones or wood, as a form of money of account
9000-6000 BC Livestock considered the first form of currency
c3200 BC Clay tablets used in Uruk (Iraq) for accounting (believed to be the earliest form of writing)
3000 BC Grain is used as a currency, measured out in Shekels
3000 BC Banking developed in Mesopotamia
3000 BC? Punches used to stamp symbols on coins were a precursor to the printing press and modern coins
? BC Since ancient Persia and all the way up until the invention and expansion of the telegraph Homing Pigeons were used to carry messages
2000 BC Merchants in Assyria, India and Sumeria lent grain to farmers and traders as a precursor to banks
1700 BC In Babylon at the time of Hammurabi, in the 18th century BC, there are records of loans made by the priests of the temple.
1200 BC Shell money first used in China
1000-600 BC Crude metal coins first appear in China
640 BC Precious metal coins – Gold & Silver first used in ancient Lydia and coastal Greek cities featuring face to face heads of a bull and a lion – first official minted currency made from electrum, a mixture of gold and silver
600-500 BC Atbash Cipher
A substitution Cipher used by ancient Hebrew scholars mapping the alphabet in reverse, for example, in English an A would be a Z, B a Y etc.
400 BC Skytale used by Sparta
474 BC Hundreds of gold coins from this era were discovered in Rome in 2018
350 BC Greek hydraulic semaphore system, an optical communication system developed by Aeneas Tacticus.
c200 BC Polybius Square
??? Wealthy stored coins in temples, where priests also lent them out
??? Rome was the first to create banking institutions apart from temples
118 BC First banknote in the form of 1 foot sq pieces of white deerskin
100-1 AD Caesar Cipher
193 Aureus, a gold coin of ancient Rome, minted by Septimius Severus
324 Solidus, pure gold coin, minted under Constantine’s rule, lasted until the late 8th century
600s Paper currency first developed in Tang Dynasty China during the 7th century, although true paper money did not appear until the 11th century, during the Song Dynasty, 960–1279
c757–796 Silver pennies based on the Roman denarius became the staple coin of Mercia in Great Britain around the time of King Offa
806 First paper banknotes used in China but isn’t widely accepted in China until 960
1024 The first series of standard government notes were issued in 1024 with denominations like 1 guàn (貫, or 700 wén), 1 mín (緡, or 1000 wén), up to 10 guàn. In 1039 only banknotes of 5 guàn and 10 guàn were issued, and in 1068 a denomination of 1 guàn was introduced which became forty percent of all circulating Jiaozi banknotes.
1040 The first movable type printer was invented in China and made of porcelain
? Some of the earliest forms of long distance communication were drums used by Native Africans and smoke signals used by Native Americans and Chinese
1088 Movable type in Song Dynasty China
1120 By the 1120s the central government officially stepped in and produced their own state-issued paper money (using woodblock printing)
1150 The Knights Templar issued bank notes to pilgrims. Pilgrims deposited their valuables with a local Templar preceptory before embarking, received a document indicating the value of their deposit, then used that document upon arrival in the Holy Land to retrieve their funds in an amount of treasure of equal value.
1200s-1300s During the 13th century bankers from north Italy, collectively known as Lombards, gradually replace the Jews in their traditional role as money-lenders to the rich and powerful. – Florence, Venice and Genoa - The Bardi and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many other parts of Europe
1200 By the time Marco Polo visited China they’d move from coins to paper money, who introduced the concept to Europe. An inscription warned, "All counterfeiters will be decapitated." Before the use of paper, the Chinese used coins that were circular, with a rectangular hole in the middle. Several coins could be strung together on a rope. Merchants in China, if they became rich enough, found that their strings of coins were too heavy to carry around easily. To solve this problem, coins were often left with a trustworthy person, and the merchant was given a slip of paper recording how much money they had with that person. Marco Polo's account of paper money during the Yuan Dynasty is the subject of a chapter of his book, The Travels of Marco Polo, titled "How the Great Kaan Causeth the Bark of Trees, Made Into Something Like Paper, to Pass for Money All Over his Country."
1252 Florin minted in Florence, becomes the hard currency of its day helping Florence thrive economically
1340 Double-entry bookkeeping - The clerk keeping the accounts for the Genoese firm of Massari painstakingly fills in the ledger for the year 1340.
1397 Medici Bank established
1450 Johannes Gutenberg builds the printing press – printed words no longer just for the rich
1455 Paper money disappears from China
1466 Polyalphabetic Cipher
1466 Rotating cipher disks – Vatican – greatest crypto invention in 1000 yrs – the first system to challenge frequency analysis
1466 First known mechanical cipher machine
1472 The oldest bank still in existence founded, Banca Monte dei Paschi di Siena, headquartered in Siena, Italy
1494 Double-entry bookkeeping system codified by Luca Pacioli
1535 Wampum, a form of currency used by Native Americans, a string of beads made from clamshells, is first document.
1553 Vigenere Cipher
1557 Phillip II of Spain managed to burden his kingdom with so much debt (as the result of several pointless wars) that he caused the world's first national bankruptcy — as well as the world's second, third and fourth, in rapid succession.
1577 Newspaper in Korea
1586 The Babington Plot
1590 Cabinet Noir was established in France. Its mission was to open, read and reseal letters, and great expertise was developed in the restoration of broken seals. In the knowledge that mail was being opened, correspondents began to develop systems to encrypt and decrypt their letters. The breaking of these codes gave birth to modern systematic scientific code breaking.
1600s Promissory banknotes began in London
1600s By the early 17th century banking begins also to exist in its modern sense - as a commercial service for customers rather than kings. – Late 17th century we see cheques slowly gains acceptance
The total of the money left on deposit by a bank's customers is a large sum, only a fraction of which is usually required for withdrawals. A proportion of the rest can be lent out at interest, bringing profit to the bank. When the customers later come to realize this hidden value of their unused funds, the bank's profit becomes the difference between the rates of interest paid to depositors and demanded from debtors.
The transformation from moneylenders into private banks is a gradual one during the 17th and 18th centuries. In England it is achieved by various families of goldsmiths who early in the period accept money on deposit purely for safe-keeping. Then they begin to lend some of it out. Finally, by the 18th century, they make banking their business in place of their original craft as goldsmiths.
1605 Newspaper in Straussburg
c1627 Great Cipher
1637 Wampum is declared as legal tender in the U.S. (where we got the slang word “clams” for money)
1656 Johan Palmstruch establishes the Stockholm Banco
1661 Paper Currency reappears in Europe, soon became common - The goldsmith-bankers of London began to give out the receipts as payable to the bearer of the document rather than the original depositor
1661 Palmstruch issues credit notes which can be exchanged, on presentation to his bank, for a stated number of silver coins
1666 Stockholms Banco, the predecessor to the Central Bank of Sweden issues the first paper money in Europe. Soon went bankrupt for printing too much money.
1667 He issues more notes than his bank can afford to redeem with silver and winds up in disgrace, facing a death penalty (commuted to imprisonment) for fraud.
1668 Bank of Sweden – today the 2nd oldest surviving bank
1694 First Central Bank established in the UK was the first bank to initiate the permanent issue of banknotes
Served as model for most modern central banks.
The modern banknote rests on the assumption that money is determined by a social and legal consensus. A gold coin's value is simply a reflection of the supply and demand mechanism of a society exchanging goods in a free market, as opposed to stemming from any intrinsic property of the metal. By the late 17th century, this new conceptual outlook helped to stimulate the issue of banknotes.
1700s Throughout the commercially energetic 18th century there are frequent further experiments with bank notes - deriving from a recognized need to expand the currency supply beyond the availability of precious metals.
1710 Physiocracy
1712 First commercial steam engine
1717 Master of the Royal Mint Sir Isaac Newton established a new mint ratio between silver and gold that had the effect of driving silver out of circulation (bimetalism) and putting Britain on a gold standard.
1735 Classical Economics – markets regulate themselves when free of intervention
1744 Mayer Amschel Rothschild, Founder of the Rothschild Banking Empire, is Born in Frankfurt, Germany
Mayer Amschel Rothschild extended his banking empire across Europe by carefully placing his five sons in key positions. They set up banks in Frankfurt, Vienna, London, Naples, and Paris. By the mid 1800’s they dominated the banking industry, lending to governments around the world and people such as the Vanderbilts, Carnegies, and Cecil Rhodes.
1745 There was a gradual move toward the issuance of fixed denomination notes in England standardized printed notes ranging from £20 to £1,000 were being printed.
1748 First recorded use of the word buck for a dollar, stemming from the Colonial period in America when buck skins were commonly traded
1757 Colonial Scrip Issued in US
1760s Mayer Amschel Rothschild establishes his banking business
1769 First steam powered car
1775-1938 US Diplomatic Codes & Ciphers by Ralph E Weber used – problems were security and distribution
1776 American Independence
1776 Adam Smith’s Invisible Hand theory helped bankers and money-lenders limit government interference in the banking sector
1781 The Bank of North America was a private bank first adopted created the US Nation's first de facto central bank. When shares in the bank were sold to the public, the Bank of North America became the country's first initial public offering. It lasted less than ten years.
1783 First steamboat
1791 Congress Creates the First US Bank – A Private Company, Partly Owned by Foreigners – to Handle the Financial Needs of the New Central Government. First Bank of the United States, a National bank, chartered for a term of twenty years, it was not renewed in 1811.
Previously, the 13 states had their own banks, currencies and financial institutions, which had an average lifespan of about 5 years.
1792 First optical telegraph invented where towers with telescopes were dispersed across France 12-25 km apart, relaying signals according to positions of arms extended from the top of the towers.
1795 Thomas Jefferson invents the Jefferson Disk Cipher or Wheel Cipher
1797 to 1821 Restriction Period by England of trading banknotes for silver during Napoleonic Wars
1797 Currency Crisis
Although the Bank was originally a private institution, by the end of the 18th century it was increasingly being regarded as a public authority with civic responsibility toward the upkeep of a healthy financial system.
1799 First paper machine
1800 Banque de France – France’s central bank opens to try to improve financing of the war
1800 Invention of the battery
1801 Rotchschild Dynasty begins in Frankfurt, Holy Roman Empire – established international banking family through his 5 sons who established themselves in London, Paris, Frankfurt, Vienna, and Naples
1804 Steam locomotive
1807 Internal combustion engine and automobile
1807 Robert Fulton expands water transportation and trade with the workable steamboat.
1809 Telegraphy
1811 First powered printing press, also first to use a cylinder
1816 The Privately Owned Second Bank of the US was Chartered – It Served as the Main Depository for Government Revenue, Making it a Highly Profitable Bank – charter not renewed in 1836
1816 The first working telegraph was built using static electricity
1816 Gold becomes the official standard of value in England
1820 Industrial Revolution
c1820 Neoclassical Economics
1821 British gov introduces the gold standard - With governments issuing the bank notes, the inherent danger is no longer bankruptcy but inflation.
1822 Charles Babbage, considered the "father of the computer", begins building the first programmable mechanical computer.
1832 Andrew Jackson Campaigns Against the 2nd Bank of the US and Vetoes Bank Charter Renewal
Andrew Jackson was skeptical of the central banking system and believed it gave too few men too much power and caused inflation. He was also a proponent of gold and silver and an outspoken opponent of the 2nd National Bank. The Charter expired in 1836.
1833 President Jackson Issues Executive Order to Stop Depositing Government Funds Into Bank of US
By September 1833, government funds were being deposited into state chartered banks.
1833-1837 Manufactured “boom” created by central bankers – money supply Increases 84%, Spurred by the 2nd Bank of the US
The total money supply rose from $150 million to $267 million
1835 Jackson Escapes Assassination. Assassin misfired twice.
1837-1862 The “Free Banking Era” there was no formal central bank in the US, and banks issued their own notes again
1838 First Telegram sent using Morse Code across 3 km, in 1844 he sent a message across 71 km from Washington DC to Baltimore.
1843 Ada Lovelace published the first algorithm for computing
1844 Modern central bank of England established - meaning only the central bank of England could issue banknotes – prior to that commercial banks could issue their own and were the primary form of currency throughout England
the Bank of England was restricted to issue new banknotes only if they were 100% backed by gold or up to £14 million in government debt.
1848 Communist Manifesto
1850 The first undersea telegraphic communications cable connected France in England after latex produced from the sap of the Palaquium gutta tree in 1845 was proposed as insulation for the underwater cables.
1852 Many countries in Europe build telegram networks, however post remained the primary means of communication to distant countries.
1855 In England fully printed notes that did not require the name of the payee and the cashier's signature first appeared
1855 The printing telegraph made it possible for a machine with 26 alphabetic keys to print the messages automatically and was soon adopted worldwide.
1856 Belgian engineer Charles Bourseul proposed telephony
1856 The Atlantic Telegraph company was formed in London to stretch a commercial telegraph cable across the Atlantic Ocean, completed in 1866.
1860 The Pony Express was founded, able to deliver mail of wealthy individuals or government officials from coast to coast in 10 days.
1861 The East coast was connected to the West when Western Union completed the transcontinental telegraph line, putting an end to unprofitable The Pony Express.
1862-1863 First US banknotes - Lincoln Over Rules Debt-Based Money and Issues Greenbacks to Fund Civil War
Bankers would only lend the government money under certain conditions and at high interest rates, so Lincoln issued his own currency – “greenbacks” – through the US Treasury, and made them legal tender. His soldiers went on to win the war, followed by great economic expansion.
1863 to 1932 “National Banking Era” Commercial banks in the United States had legally issued banknotes before there was a national currency; however, these became subject to government authorization from 1863 to 1932
1864 Friedrich Wilhelm Raiffeisen founded the first rural credit union in Heddesdorf (now part of Neuwied) in Germany. By the time of Raiffeisen's death in 1888, credit unions had spread to Italy, France, the Netherlands, England, Austria, and other nations
1870 Long-distance telegraph lines connected Britain and India.
c1871 Marginalism - The doctrines of marginalism and the Marginal Revolution are often interpreted as a response to the rise of the worker's movement, Marxian economics and the earlier (Ricardian) socialist theories of the exploitation of labour.
1871 Carl Menger’s Principles of Economics – Austrian School
1872 Marx’s Das Capital
1872 Australia becomes the first nation to be connected to the rest of the world via submarine telegraph cables.
1876 Alexander Graham Bell patented the telephone, first called the electric speech machine – revolutionized communication
1877 Thomas Edison – Phonograph
1878 Western Union, the leading telegraph provider of the U.S., begins to lose out to the telephone technology of the National Bell Telephone Company.
1881 President James Garfield, Staunch Proponent of “Honest Money” Backed by Gold and Silver, was Assassinated
Garfield opposed fiat currency (money that was not backed by any physical object). He had the second shortest Presidency in history.
1882 First description of the one-time pad
1886 First gas powered car
1888 Ballpoint pen
1892 Cinematograph
1895 System of wireless communication using radio waves
1896 First successful intercontinental telegram
1898 Polyethylene
1899 Nickel-cadmium battery
1907 Banking Panic of 1907
The New York Stock Exchange dropped dramatically as everyone tried to get their money out of the banks at the same time across the nation. This banking panic spurred debate for banking reform. JP Morgan and others gathered to create an image of concern and stability in the face of the panic, which eventually led to the formation of the Federal Reserve. The founders of the Federal Reserve pretended like the bankers were opposed to the idea of its formation in order to mislead the public into believing that the Federal Reserve would help to regulate bankers when in fact it really gave even more power to private bankers, but in a less transparent way.
1908 St Mary’s Bank – first credit union in US
1908 JP Morgan Associate and Rockefeller Relative Nelson Aldrich Heads New National Monetary Commission
Senate Republican leader, Nelson Aldrich, heads the new National Monetary Commission that was created to study the cause of the banking panic. Aldrich had close ties with J.P. Morgan and his daughter married John D. Rockefeller.
1910 Bankers Meet Secretly on Jekyll Island to Draft Federal Reserve Banking Legislation
Over the course of a week, some of the nation’s most powerful bankers met secretly off the coast of Georgia, drafting a proposal for a private Central Banking system.
1913 Federal Reserve Act Passed
Two days before Christmas, while many members of Congress were away on vacation, the Federal Reserve Act was passed, creating the Central banking system we have today, originally with gold backed Federal Reserve Notes. It was based on the Aldrich plan drafted on Jekyll Island and gave private bankers supreme authority over the economy. They are now able to create money out of nothing (and loan it out at interest), make decisions without government approval, and control the amount of money in circulation.
1913 Income tax established -16th Amendment Ratified
Taxes ensured that citizens would cover the payment of debt due to the Central Bank, the Federal Reserve, which was also created in 1913.The 16th Amendment stated: “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”
1914 November, Federal Reserve Banks Open
JP Morgan and Co. Profits from Financing both sides of War and Purchasing Weapons
J.P. Morgan and Co. made a deal with the Bank of England to give them a monopoly on underwriting war bonds for the UK and France. They also invested in the suppliers of war equipment to Britain and France.
1914 WWI
1917 Teletype cipher
1917 The one-time pad
1917 Zimmerman Telegram intercepted and decoded by Room 40, the cryptanalysis department of the British Military during WWI.
1918 GB returns to gold standard post-war but it didn’t work out
1919 First rotor machine, an electro-mechanical stream ciphering and decrypting machine.
1919 Founding of The Cipher Bureau, Poland’s intelligence and cryptography agency.
1919-1929 The Black Chamber, a forerunner of the NSA, was the first U.S. cryptanalytic organization. Worked with the telegraph company Western Union to illegally acquire foreign communications of foreign embassies and representatives. It was shut down in 1929 as funding was removed after it was deemed unethical to intercept private domestic radio signals.
1920s Department stores, hotel chains and service staions begin offering customers charge cards
1921-1929 The “Roaring 20’s” – The Federal Reserve Floods the Economy with Cash and Credit
From 1921 to 1929 the Federal Reserve increased the money supply by $28 billion, almost a 62% increase over an eight-year period.[3] This artificially created another “boom”.
1927 Quartz clock
1928 First experimental Television broadcast in the US.
1929 Federal Reserve Contracts the Money Supply
In 1929, the Federal Reserve began to pull money out of circulation as loans were paid back. They created a “bust” which was inevitable after issuing so much credit in the years before. The Federal Reserve’s actions triggered the banking crisis, which led to the Great Depression.
1929 October 24, “Black Thursday”, Stock Market Crash
The most devastating stock market crash in history. Billions of dollars in value were consolidated into the private banker’s hands at the expense of everyone else.
1930s The Great Depression marked the end of the gold standard
1931 German Enigma machines attained and reconstructed.
1932 Turbo jet engine patented
1933 SEC founded - passed the Glass–Steagall Act, which separated investment banking and commercial banking. This was to avoid more risky investment banking activities from ever again causing commercial bank failures.
1933 FM Radio
1933 Germany begins Telex, a network of teleprinters sending and receiving text based messages. Post WWII Telex networks began to spread around the world.
1936 Austrian engineer Paul Eisler invented Printed circuit board
1936 Beginning of the Keynesian Revolution
1937 Typex, British encryption machines which were upgraded versions of Enigma machines.
1906 Teletypewriters
1927 Founding of highly secret and unofficial Signal Intelligence Service, SIS, the U.S. Army’s codebreaking division.
1937 Made illegal for Americans to own gold
1938 Z1 built by Konrad Zuse is the first freely programmable computer in the world.
1939 WWII – decline of the gold standard which greatly restricted policy making
1939-45 Codetalkers - The Navajo code is the only spoken military code never to have been deciphered - "Were it not for the Navajos, the Marines would never have taken Iwo Jima."—Howard Connor
1940 Modems
1942 Deciphering Japanese coded messages leads to a turning point victory for the U.S. in WWII.
1943 At Bletchley Park, Alan Turing and team build a specialized cipher-breaking machine called Heath Robinson.
1943 Colossus computer built in London to crack the German Lorenz cipher.
1944 Bretton Woods – convenient after the US had most of the gold
1945 Manhattan Project – Atom Bomb
1945 Transatlantic telephone cable
1945 Claude E. Shannon published "A mathematical theory of cryptography", commonly accepted as the starting point for development of modern cryptography.
C1946 Crypto Wars begin and last to this day
1946 Charg-it card created by John C Biggins
1948 Atomic clock
1948 Claude Shannon writes a paper that establishes the mathematical basis of information theory
1949 Info theorist Claude Shannon asks “What does an ideal cipher look like?” – one time pad – what if the keys are not truly random
1950 First credit card released by the Diners Club, able to be used in 20 restaurants in NYC
1951 NSA, National Security Agency founded and creates the KL-7, an off-line rotor encryption machine
1952 First thermonuclear weapon
1953 First videotape recorder
1953 Term “Hash” first used meaning to “chop” or “make a mess” out of something
1954 Atomic Energy Act (no mention of crypto)
1957 The NSA begins producing ROMOLUS encryption machines, soon to be used by NATO
1957 First PC – IBM
1957 First Satellite – Sputnik 1
1958 Western Union begins building a nationwide Telex network in the U.S.
1960s Machine readable codes were added to the bottom of cheques in MICR format, which speeded up the clearing and sorting process
1960s Financial organizations were beginning to require strong commercial encryption on the rapidly growing field of wired money transfer.
1961 Electronic clock
1963 June 4, Kennedy Issued an Executive Order (11110) that Authorized the US Treasury to Issue Silver Certificates, Threatening the Federal Reserve’s Monopoly on Money
This government issued currency would bypass the governments need to borrow from bankers at interest.
1963 Electronic calculator
1963 Nov. 22, Kennedy Assassinated
1963 Johnson Reverses Kennedy’s Banking Rule and Restores Power to the Federal Reserve
1964 8-Track
1964 LAN, Local Area Networks adapters
1965 Moore’s Law by CEO of Intel Gordon Moore observes that the number of components per integrated circuit doubles every year, and projected this rate of growth would continue for at least another decade. In 1975 he revised it to every two years.
1967 First ATM installed at Barclay’s Bank in London
1968 Cassette Player introduced
1969 First connections of ARPANET, predecessor of the internet, are made. started – SF, SB, UCLA, Utah (now Darpa) – made to stay ahead of the Soviets – there were other networks being built around the world but it was very hard to connect them – CERN in Europe
1970s Stagflation – unemployment + inflation, which Keynesian theory could not explain
1970s Business/commercial applications for Crypto emerge – prior to this time it was militarily used – ATMs 1st got people thinking about commercial applications of cryptography – data being sent over telephone lines
1970s The public developments of the 1970s broke the near monopoly on high quality cryptography held by government organizations.
Use of checks increased in 70s – bringing about ACH
One way functions...
A few companies began selling access to private networks – but weren’t allowed to connect to the internet – business and universities using Arpanet had no commercial traffic – internet was used for research, not for commerce or advertising
1970 Railroads threatened by the growing popularity of air travel. Penn Central Railroad declares bankruptcy resulting in a $3.2 billion bailout
1970 Conjugate coding used in an attempt to design “money physically impossible to counterfeit”
1971 The US officially removes the gold standard
1971 Email invented
1971 Email
1971 First microcomputer on a chip
1971 Lockheed Bailout - $1.4 billion – Lockheed was a major government defense contractor
1972 First programmable word processor
1972 First video game console
1973 SWIFT established
1973 Ethernet invented, standardized in ‘83
1973 Mobile phone
1973 First commercial GUI – Xerox Alto
1973 First touchscreen
1973 Emails made up more than ¾ of ARPANET’s packets – people had to keep a map of the network by their desk – so DNS was created
1974 A protocol for packet network intercommunication – TCP/IP – Cerf and Kahn
1974 Franklin National Bank Bailout - $1.5 billion (valued at that time) - At the time, it was the largest bank failure in US history
1975 New York City Bailout - $9.4 billion – NYC was overextended
1975 W DES - meant that commercial uses of high quality encryption would become common, and serious problems of export control began to arise.
1975 DES, Data Encryption Standard developed at IBM, seeking to develop secure electronic communications for banks and large financial organizations. DES was the first publicly accessible cipher to be 'blessed' by a national agency such as the NSA. Its release stimulated an explosion of public and academic interest in cryptography.
1975 Digital camera
1975 Altair 8800 sparks the microprocessor revolution
1976 Bretton Woods ratified (lasted 30 years) – by 80’s all nations were using floating currencies
1976 New Directions in Cryptography published by Diffie & Hellman – this terrified Fort Meade – previously this technique was classified, now it’s public
1976 Apple I Computer – Steve Wozniak
1976 Asymmetric key cryptosystem published by Whitfield Diffie and Martin Hellman.
1976 Hellman and Diffie publish New Directions in Cryptography, introducing a radically new method of distributing cryptographic keys, contributing much to solving key distribution one of the fundamental problems of cryptography. It brought about the almost immediate public development of asymmetric key algorithms. - where people can have 2 sets of keys, public and private
1977 Diffie & Hellman receive letter from NSA employee JA Meyer that they’re violating Federal Laws comparable to arms export – this raises the question, “Can the gov prevent academics from publishing on crypto?
1977 DES considered insecure
1977 First handheld electronic game
1977 RSA public key encryption invented
1978 McEliece Cryptosystem invented, first asymmetric encryption algorithm to use randomization in the encryption process
1980s Large data centers began being built to store files and give users a better faster experience – companies rented space from them - Data centers would not only store data but scour it to show people what they might want to see and in some cases, sell data
1980s Reaganomics and Thatcherism
1980 A decade of intense bank failures begins; the FDIC reports that 1,600 were either closed or received financial assistance from 1980 to 1994
1980 Chrysler Bailout – lost over $1 billion due to major hubris on the part of its executives - $1.5 billion one of the largest payouts ever made to a single corporation.
1980 Protocols for public key cryptosystems – Ralph Merkle
1980 Flash memory invented – public in ‘84
1981 “Untraceable Electronic Mail, Return Addresses and Digital Pseudonumns” – Chaum
1981 EFTPOS, Electronic funds transfer at point of sale is created
1981 IBM Personal Computer
1982 “The Ethics of Liberty” Murray Rothbard
1982 Commodore 64
1982 CD
1983 Satellite TV
1983 First built in hard drive
1983 C++
1983 Stereolithography
1983 Blind signatures for untraceable payments
Mid 1980s Use of ATMs becomes more widespread
1984 Continental Illinois National Bank and Trust bailed out due to overly aggressive lending styles and - the bank’s downfall could be directly traced to risk taking and a lack of due diligence on the part of bank officers - $9.5 billion in 2008 money
1984 Macintosh Computer - the first mass-market personal computer that featured a graphical user interface, built-in screen and mouse
1984 CD Rom
1985 Zero-Knowledge Proofs first proposed
1985 300,000 simultaneous telephone conversations over single optical fiber
1985 Elliptic Curve Cryptography
1987 ARPANET had connected over 20k guarded computers by this time
1988 First private networks email servers connected to NSFNET
1988 The Crypto Anarchists Manifesto – Timothy C May
1988 ISDN, Integrated Services Digital Network
1989 Savings & Loan Bailout - After the widespread failure of savings and loan institutions, President George H. W. Bush signed and Congress enacted the Financial Institutions Reform Recovery and Enforcement Act - This was a taxpayer bailout of about $200 billion
1989 First commercial emails sent
1989 Digicash - Chaum
1989 Tim Berners-Lee and Robert Cailliau built the prototype system which became the World Wide Web, WWW
1989 First ISPs – companies with no network of their own which connected people to a local network and to the internet - To connect to a network your computer placed a phone call through a modem which translated analog signals to digital signals – dial-up was used to connect computers as phone lines already had an extensive network across the U.S. – but phone lines weren’t designed for high pitched sounds that could change fast to transmit large amounts of data
1990s Cryptowars really heat up...
1990s Some countries started to change their laws to allow "truncation"
1990s Encryption export controls became a matter of public concern with the introduction of the personal computer. Phil Zimmermann's PGP cryptosystem and its distribution on the Internet in 1991 was the first major 'individual level' challenge to controls on export of cryptography. The growth of electronic commerce in the 1990s created additional pressure for reduced restrictions.[3] Shortly afterward, Netscape's SSL technology was widely adopted as a method for protecting credit card transactions using public key cryptography.
1990 NSFNET replaced Arpanet as backbone of the internet with more than 500k users
Early 90s Dial up provided through AOL and Compuserve
People were leery to use credit cards on the internet
1991 How to time-stamp a digital doc - Stornetta
1991 Phil Zimmermann releases the public key encryption program Pretty Good Privacy (PGP) along with its source code, which quickly appears on the Internet. He distributed a freeware version of PGP when he felt threatened by legislation then under consideration by the US Government that would require backdoors to be included in all cryptographic products developed within the US. Expanded the market to include anyone wanting to use cryptography on a personal computer (before only military, governments, large corporations)
1991 WWW (Tim Berners Lee) – made public in ‘93 – flatten the “tree” structure of the internet using hypertext – reason for HTTP//:WWW – LATER HTTPS for more security
1992 Erwise – first Internet Browser w a graphical Interface
1992 Congress passed a law allowing for commercial traffic on NSFNET
1992 Cpherpunks, Eric Hughes, Tim C May and John Gilmore – online privacy and safety from gov – cypherpunks write code so it can be spread and not shut down (in my earlier chapter)
1993 Mosaic – popularized surfing the web ‘til Netscape Navigator in ’94 – whose code was later used in Firefox
1993 A Cypherpunks Manifesto – Eric Hughes
1994 World’s first online cyberbank, First Virtual, opened for business
1994 Bluetooth
1994 First DVD player
1994 Stanford Federal Credit Union becomes the first financial institution to offer online internet banking services to all of its members in October 1994
1994 Internet only used by a few
1994 Cybercash
1994 Secure Sockets Layer (SSL) encryption protocol released by Netscape. Making financial transactions possible.
1994 One of the first online purchases was made, a Pizza Hut pepperoni pizza with mushrooms and extra cheese
1994 Cyphernomicon published – social implication where gov can’t do anything about it
1994-1999 Social Networking – GeoCities (combining creators and users) – had 19M users by ’99 – 3rd most popular after AOL and Yahoo – GeoCities purchased by Yahoo for $3.6B but took a hit after dotcom bubble popped and never recovered – GC shut down in ‘99
1995-2000 Dotcom bubble – Google, Amazon, Facebook: get over 600M visitors/year
1995 DVD
1995 MP3 term coined for MP3 files, the earlier development of which stretches back into the ‘70s, where MP files themselves where developed throughout the ‘90s
1995 NSFNET shut down and handed everything over to the ISPs
1995 NSA publishes the SHA1 hash algorithm as part of its Digital Signature Standard.
1996, 2000 President Bill Clinton signing the Executive order 13026 transferring the commercial encryption from the Munition List to the Commerce Control List. This order permitted the United States Department of Commerce to implement rules that greatly simplified the export of proprietary and open source software containing cryptography, which they did in 2000 - The successful cracking of DES likely helped gather both political and technical support for more advanced encryption in the hands of ordinary citizens - NSA considers AES strong enough to protect information classified at the Top Secret level
1996 e-gold
1997 WAP, Wireless Access Point
1997 NSA researchers published how to mint e cash
1997 Adam Back – HashCash – used PoW – coins could only be used once
1997 Nick Szabo – smart contracts “Formalizing and Securing Relationships on Public Networks”
1998 OSS, Open-source software Initiative Founded
1998 Wei Dai – B-money – decentralized database to record txs
1998 Bitgold
1998 First backdoor created by hackers from Cult of the Dead Cow
1998 Musk and Thiel founded PayPal
1998 Nick Szabo says crypto can protect land titles even if thugs take it by force – said it could be done with a timestamped database
1999 Much of the Glass-Steagal Act repealed - this saw US retail banks embark on big rounds of mergers and acquisitions and also engage in investment banking activities.
1999 Milton Friedman says, “I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that's missing, but that will soon be developed, is a reliable e-cash - a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A.”
1999 European banks began offering mobile banking with the first smartphones
1999 The Financial Services Modernization Act Allows Banks to Grow Even Larger
Many economists and politicians have recognized that this legislation played a key part in the subprime mortgage crisis of 2007.
1999-2001 Napster, P2P file sharing – was one of the fastest growing businesses in history – bankrupt for paying musicians for copyright infringement

submitted by crypto_jedi_ninja to Bitcoin [link] [comments]

BTCP Utility Ideas

Hello, okay so i started posting a little here after watching for a few weeks so let me introduce myself. I am from the gaming world, primarily counterstrike global offensive. I created a somewhat known gaming company called Vox Eminor and ran a rather sizeable esports system in Australia. So i have a little knowledge in marketing and business development etc as i also run my own IT managed services company. So thats me, hello!
BTCP has little utility at the moment, its value falls when BTC climbs, its value falls when BTC drops its going to continue to do this while there is no real point and click use cases for it. BTCP will not rival BCH...BCH has mass adoption, it doesnt mean i think BCH is superior it means i recognise its pro's and its con's vs BTCP's.
So i thought why dont we as a community (why im here to be honest i have been a community person since forever) come together and brainstorm a heap of BTCP real world use cases, like a compendium of wild crazy are just plain old good sense use cases, ill happily sit here and read through them and create a list at the top here if everyone would like to contribute.
If you like the idea of this upvote please so people can see it :)
1: BTCP PAY - Online transaction merchant solution
- IN PROGRESS BY BTCP TEAM
2: Decentralised Exchange, primary trading pairs in BTCP
- Has been mentioned but not going to be done by BTCP team (good idea not to)
3: BTCP to prepaid VISA conversion
- My idea, a means to link prepaid VISA cards to BTCP wallets so you can trigger a BTCP for USD sale and that USD be applied to your visa card (in theory would convert to your local currency). Would require some infrastructure to ship the visa cards, but can probably be done in partnership globally with VISA, and an exchange to act as the converter of BTCP to USD (coinbase etc)
4: BTCP Added to bitcoin ATM facilities
Getting bitcoin private added to existing Bitcoin ATM's alongside other alts
5: BTCP added to Pundi XPOS devices
Getting bitcoin private added as a supported currency for the Pundi X POS terminals so it can be used to make purchases directly at retail stores with no intermediary
6: Merchant Directory on the BTCP website
Easily searchable directory to find outlets that accept BTCP as payment (love this its actually long winded trying to find places to buy things locally that accept BTCP) But it also needs to be locale based so registered merchants need to specify countries they ship to and country of origin
submitted by richardvt to BitcoinPrivate [link] [comments]

The Regulatory/Legal Environment

Hello! My name is Daria Volkova and I am the Head of Platinum Legal Department. Our team believes that these are exciting times for the crypto market. We supported more than 100 clients, created and promoted their STO and ICO campaigns, got from an idea to funding in a matter of 2.5 months! See the full list of our services: Platinum.fund We are more than proud to present our education project. The UBAI can help you to learn specifics about cryptocurrencies and blockchain technologies. Learn all about ICO avenues and opportunities, plug into the world of trading cryptocurrency markets, become an expert in scam projects, promoting ICOs and STOs, launching your own campaigns and many more! What are the different cryptocurrency regulations in major countries? Find the answer after reading this article.
Cryptocurrency Regulations across Major Countries
Cryptocurrency and the blockchain industry may seem sufficiently exciting and attractive to you now. After all, you are taking the time and effort to study this course. You may be planning to work in cryptocurrency and the blockchain industry. Of course, we want to encourage you and help you proceed toward your goal. But it is also important you understand the regulations guiding the blockchain industry to help keep yourself out of trouble.
This year, in particular, seems to be the year in which a lot of countries are looking to finally coalesce the regulations relating to the blockchain industry into a workable legal framework. Some countries are more accommodating to cryptocurrency and blockchain technological innovations while others are still more cautious. We will examine how each major country is forming their own regulatory framework for the blockchain industry.
Canada
Cryptocurrencies are not considered legal tender in Canada. This was clearly expressed by the country’s Financial Consumer Agency (FCA). Canada, like the US, has yet to clearly define or legislate a framework surrounding cryptocurrencies. But Canada still appears to be among the most transparent of countries for the nation’s interpretation and enforcement of the law surrounding cryptocurrencies (aside from Switzerland). For the time being, Canada has clearly stated its reluctance to adopt cryptocurrency as a legal tender, due to its high volatility. “ “The United States of America (USA)
There are certain laws regarding transactions in virtual currency in the US today but there is still no comprehensive legal framework. The Commodity Futures Trading Commission currently regulates virtual currencies as commodities. The CFTC is the first US regulator to allow for public cryptocurrency trading. The Securities and Exchange Commission requires registration of any virtual currency traded in the US if it is classified as a security (e.g. by the Howey test).
The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. Typical of most legislators and regulatory agencies in the US, the Securities and Exchange Commission (SEC) has intensified its focus on the pressing need for comprehensive regulation. And it seems everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and also allow for blockchain and cryptocurrency innovation as well.
If cryptocurrency becomes a form of legal tender in the US, there will likely be stringent laws on its use. However, if cryptocurrency is treated like a security, cryptocurrencies would be regulated under securities law as interpreted by the SEC. Present securities laws place a large number of limitations on who is able to buy securities, how they are traded, and how to ensure transparency in the flow of information relevant to investors. Also note that non-US investors may experience their own difficulties getting a license to trade cryptocurrencies in the country. “ “Japan
Japan has always been one of the most positive and forward-thinking nations regarding cryptocurrencies and the blockchain. Of course, they were cautious at first, and they knew no more than anyone else in government, which means they literally knew nothing. But they took time to research, learn, and develop an approach to regulate the industry without killing it. The official policy is clear: Protect the public interest, but also encourage the growth of the industry with a legal framework that allows for innovation in blockchain and cryptocurrencies.
China
The situation in China is a sad one. The country has been taking increasingly strict actions to discourage and outlaw any activity related to the blockchain industry. China has banned ICOs, frozen all accounts associated with cryptocurrency, stopped bitcoin miners and even ordered a nationwide ban on all forms of cryptocurrency trading.
China has the strictest laws against cryptocurrency. Yet, despite that fact, as of 2017, 50% of the world’s mining population was from China! If you are involved with the cryptocurrency industry it is strongly advised to stay away from China, and avoid transactions with Chinese business because of the unpredictable and negative legal framework.
“ “The United Kingdom & European Union
Brexit is scheduled to take place in March 2019, yet the UK and the EU still remain united in their regulatory attitude toward cryptocurrencies. There are also reports that the UK and EU are planning to end anonymity for cryptocurrency traders.
The UK and EU are both trying to control all the scams and frauds. They are working with cryptocurrency platforms to stop or at least report all suspicious transactions. This adds a degree of regulatory burden on the exchanges as well as increasing the associated compliance costs. Cryptocurrencies are extremely volatile. They are a high-risk investment. Governments across Europe are greatly concerned about the possibility of both retail and sophisticated investors losing a lot of money.
This has led to a situation similar to that in the US. The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. There is an intense focus on the pressing need for comprehensive regulation. And everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and allow for blockchain and cryptocurrency innovation as well. We certainly hope for intelligent and effective legislation from all the major countries. “ “Accommodating & Unaccommodating Countries
Below is a list of countries we have not specifically covered, but they have each taken an active position on a regulatory framework for cryptocurrencies. The following countries are either supportive or at least neutral toward cryptocurrencies:
-Switzerland. -Australia. -Nigeria. -Ghana. -South Africa. -Singapore.
Countries with the most stringent and negative cryptocurrency regulation:
-Venezuela. -South Korea. -India. -Russia.
Did you know?
It is not uncommon to see Bitcoin and other cryptocurrency ATMs throughout Japan.
Exchange robberies and hacks like MtGox, and the recent loss of $530 million NEM coins have led to serious debate in the Japanese government. The industry needs to provide a secure and manageable solution to these problems. Voluntary self-regulation and close cooperation with regulatory authorities is the most favored solution. It seems the regulators are working hard behind the scenes right now leading the industry in the desired direction in typical Japanese fashion. “ “Blockchain Industry Regulations in the USA
Based on the information received from the Columbia Science and Technology Law Review, there was a variety of responses from different government bodies about blockchain regulations. The regulators responses ranged from indifference to suspicion, and to positive expectation and excitement.
The US government has tremendous constitutional power to regulate business and industry, including of course the blockchain industry if it so desires. But basically, the federal government has been relatively indifferent and has even refused to speak on blockchain regulations despite the interest of various federal agencies. As of 2017, eight states in the US were working on bills promoting the use of cryptocurrency and blockchain technologies. It is even reported that a few states have actually begun the final steps before voting and passing legislation into law.
On April 3, 2018 Arizona introduced a law allowing corporations to hold and share data on the blockchain. The governor, Doug Ducey, put forward the legislation after the state began accepting signatures and smart contracts recorded on the blockchain as legally valid documentation. In 2017, Delaware was the first state to pass legislation allowing for shares of stocks to be legally traded on the blockchain.
Other notable developments have occurred in the US at the state or local level. Vermont makes use of blockchain as evidence in trials. Chicago uses blockchain to maintain real estate records. New York is currently evaluating four bills for the application of data storage on the blockchain. “ ” Blockchain Regulations in Europe
The entire European Union has approached blockchain with a positive and welcoming attitude. The EU has taken the position that they want to actively encourage innovation. This philosophy could support the development of cryptocurrencies in two ways:
-Encouraging the exploration of uses testing the impact and effect of the laws in a way that allows for a more finely-tuned and sophisticated understanding for all parties involved.
-Giving entrepreneurs the confidence that their target markets will be more trusting of their solution since they are operating with the explicit legal support of the state.
This approach, along with the EU’s scope as the regulator of 28 different countries, will encourage growth across the entire crypto ecosystem, and may end up transforming Europe into one of the most desirable destinations for blockchain development. Entrepreneurs are likely to move to the EU bloc to access the rich vein of available talent, as well as the positive and supportive laws.
The EU has actually disclosed through its executive arm that it is working on the use of blockchain for distributed ledger based projects. EU officials have constantly stated they are looking for ways to support more innovation with distributed ledger technology. The European Commission said it was “”actively monitoring Blockchain and DLT developments”” and has work in progress to explore “”DLT benefits and challenges as well as fields for application in financial services””.
The official press release stated that the commission clearly wants to “”pilot projects to foster decentralized innovation ecosystems and help reshape interactions between consumers, producers, creators and among citizens, businesses and administrations to the end benefit of society””. “ “Blockchain Regulations in Europe §2
Switzerland has gradually become the favored hub for cryptocurrency and blockchain development in Europe. This position has been enhanced through a Swiss non-profit blockchain and cryptographic technology ecosystem known as the Crypto Valley Association.
The Crypto Valley Association has begun working on the development of an ICO Code of Conduct to take advantage of the ban imposed by China on token crowd sales. They are hoping to capture the Chinese and Asian entrepreneurs searching for a new home.
Other countries are not as accepting of this new DLT technology and have even gone as far as classifying it as illegal and immoral behavior. There have been hyperbolic concerns most notably from China that cryptocurrencies will destabilize world financial markets.
There are various pilot projects and efforts to prove the benefits of cryptocurrencies and the blockchain industry currently being tested all across Europe. Yet even now they are barely scratching the surface of the full potential of the blockchain.
Country-by-Country Cryptocurrency Adoption
Citizens of countries all over the world have varying attitudes about cryptocurrency. These attitudes and sentiments can be very significant to the future adoption of cryptocurrencies because politicians and regulators tend to act in consideration of the collective opinion of the public. Some countries were more accommodating at first but then became stricter, despite positive public interest, basically saying they are still not sure about the possible consequences and benefits of the technology. “ “Country-by-Country Cryptocurrency Adoption
Estonia
Surprisingly enough this small Baltic nation has gained a reputation for being quick to accept technological innovation. Estonia has a tech-friendly government eager to accommodate the innovative use of cryptocurrency in fields ranging from blockchain technology for healthcare and banking services; and even granting citizens the right to become what is known as “e-Residents”.
As e-Residents, Estonian citizens and businesses are provided with digital business authentication. It is also one of the first countries to employ the use of a blockchain-based e-voting service that enabled people to become shareholders of NASDAQ’s Tallinn Stock Exchange.
This fascinating and highly innovative country is now host to a number of Bitcoin ATMs and startups, like Paxful. They are cryptocurrency friendly, and cryptocurrency user friendly as well. Estonia also has highest internet penetration rates in the world.
Estonia may be a fine place to consider basing your ICO due to the friendly legal and regulatory environment.
This and a lot more you can learn on our website: www.ubai.co! “ “Country-by-Country Cryptocurrency Adoption
The United States of America
The USA is the world’s dominant superpower, and it should come as no surprise that it has the highest number of cryptocurrency users in the world. It also has the highest bitcoin trading volume and the highest number of bitcoin ATMs.
Powered by Silicon Valley, which is home to a lot of cryptocurrency and blockchain startups, the US stands at the forefront of all things relating to cryptocurrency worldwide. Many other nations are planning to follow the US lead concerning cryptocurrency regulations. This means the USA will serve as the testing ground for cryptocurrency and crypto-regulation in the years to come. This is likely where the future regulatory framework will take shape.
Bitcoin in particular has shown massive growth in the US. This can only be interpreted as a strong tailwind for a positive regulatory environment because the population at large supports blockchain technology.
For the moment, due to regulatory paralysis and the resultant legal vacuum, ICOs are strongly advised against raising funds or basing operations in the US. The SEC has been particularly strict in its enforcement of securities and investment law which require an ICO to do an oppressive amount of compliance work. “ “Country-by-Country Cryptocurrency Adoption
Denmark
When it comes to technological advancements and the standard of living of its citizens, Denmark is among the world leaders. It is considered one of the most developed countries in the world. It is also at the forefront of countries looking to reduce the use of cash money and advance to the use of 100% digital currency. As such, sentiment among the general public and political sphere actively supports the adoption of cryptocurrencies as a means of payment. The only question left is which particular cryptocurrency system to adopt. It is still unclear whether bitcoin is the one, or BTC will mainly just be accepted as a means of exchange. There are also discussions in Denmark about when to redesign its national financial system; this would be a “world first”, and a radical leap forward for cryptocurrencies.
Another fascinating thing is that the Danish Central Bank has declared BTC as a non-currency; meaning its use is not subject to the country’s currency regulations. Some of the top bitcoin startups and exchanges such as CCDEK have their foundations in Denmark.
With its open market and encouraging regulatory framework, Denmark might very well rival Switzerland in Western Europe for the position of the continent’s preeminent ICO and blockchain industry hub. “ “Country-by-Country Cryptocurrency Adoption
Sweden
Sweden is quite similar to Denmark, for its social and demographic climate, and also for the government’s desire to eliminate cash. The Swedish Riksbank recently introduced negative interest rates. This can cause a spike in the demand for coins in the near future as citizens look for the best way to preserve their wealth. Negative interest rates like we have seen in Europe and Japan also, actively corrode savers’ wealth because people are actually paying a percentage of their savings to the central bank to hold their cash, in addition to losing out to inflation at the same time.
Sweden has taken the boldest step yet in all of continental Europe to legalize cryptocurrency. The country legalized the use of BTC and other cryptocurrencies as a means of payment by official public declaration. It is however expected that exchanges should file for a license in accordance with AML/CTF and KYC regulations.
Sweden is also home to a number of cryptocurrency startups such as the Safello Bitcoin exchange, and Stockholm-based KnCMiner. The gradually increasing trading volume of cryptocurrency has been a good indicator of the country’s appreciating demand for cryptocurrencies. “ “Country-by-Country Cryptocurrency Adoption
The Netherlands
The Netherlands is quite fascinating in its own right. How can a country not be referred to as Bitcoin-friendly when it can boast about having its own “Bitcoin City”? There are over 100 merchants that sell goods that can be purchased with cryptocurrency in Bitcoin City.
There are no regulations restricting the use of BTC in the Netherlands under the Act on Financial Supervision of the Netherlands. This explains why a lot of startups, BTC ATMs, and even a Bitcoin Embassy can be found in the heart of Amsterdam (the capital of Netherlands).
The friendly climate for cryptocurrency has led to a lot of very active bitcoin communities across the nation hosting regular meetups and other events. The country’s banking sector has been looking to incorporate BTC and blockchain to reduce costs and improve banking technology. The Netherlands is also a popular location for many important bitcoin conferences and bitcoin companies such as BitPay.
The Netherlands is increasingly becoming a prominent place for ICOs and blockchain related businesses to base their operations. “ “Country-by-Country Cryptocurrency Adoption
Finland
Well-known as the home of Nokia, Finland has constantly been at the forefront of technological innovation, just like its other Scandinavian neighbors. The Finnish Central Board of Taxes (CBT) has even gone as far as classifying bitcoin as a financial service, exempting it and cryptocurrency purchases from the VAT. What more could be better for Bitcoin?
Finland also boasts a significant number of BTC ATMs despite its small population. The capital of Helsinki alone is reported to have 10 ATMs for BTC. The country is also home to top exchanges such as FinCCX and Bittiraha.fi. As of January 2016, the most expensive bitcoin sale took place in Finland. It involved the sale of a Tesla Model S worth over €140,000 at Auto-Outlet Helsinki Oy.
Canada
Canada is home to a variety of bitcoin startups and ATMs. It is considered to be more favorable toward cryptocurrencies than the USA. The country has two cities on its eastern and western coasts, Toronto and Vancouver, that are recognized as “Bitcoin hubs”.
Canada has a vibrant cryptocurrency community and is home to startups such as Decentral, the Vanbex Group and a large number of merchants who accept cryptocurrencies as payment. Vancouver is known to have over 20 ATMs while Toronto is well-known for holding large cryptocurrency conferences.
There has been constant growth in cryptocurrency trading volume in the country. Canada might be the best location in North America to base an ICO or operate a blockchain business due to its supportive regulatory environment and a rich ecosystem for cryptocurrency, with human talent, ATMs and other tools, etc. “ “Country-by-Country Cryptocurrency Adoption
United Kingdom
The UK is one of the absolute top financial hubs in the world. It is also a center of innovation. There are a large number of bitcoin and blockchain related startups, BTMs and active communities. All of the previously listed crypto-friendly features make the UK a very desirable environment for bitcoin. The UK has identified the inevitable need for a new payment solution and is gradually bracing itself for a widespread adoption of cryptocurrency in the future. There are even a few local pubs that accept BTC as a means of payment.
It is also interesting to note that the Bank of England has been closely monitoring bitcoin technology and has requested ideas from citizens on the improvement of its monetary system. Bitcoin is presently seen as “private money” where VAT is imposed from suppliers of goods and services that accept cryptocurrency as payment. Profits and losses incurred from cryptocurrency trading are also subject to capital gains tax, just as in the US.
In the UK, it has become increasingly clear that BTC can be part of a bigger story, and the trading volume indicates steady growth. There are not clear laws against cryptocurrencies at the present time. But the lack of regulatory momentum suggests we may see more positive developments soon. One thing to keep in mind, while the Brexit is still in progress, the British government may be more likely to legislate on non-core issues. “ “Country-by-Country Cryptocurrency Adoption
Australia
The major banks in Australia have been quite hostile toward bitcoin, but at least the country has removed the burden of “double taxation” on cryptocurrency. This was good news to the local business community because blockchain startups had begun to leave the country as a direct result of unfavorable taxation and closure of bank accounts.
The use of BTC still remains unregulated, there is no law or regulation restricting the use of cryptocurrencies by Australian citizens. Cryptocurrencies are regarded as a form of property in Australia, and purchases with BTC, for example, are referred to as “barter”.
The Australian Securities Exchange (ASX), you will remember, is transitioning its CHESS verification system to a blockchain solution that should go live at the beginning of 2019. Cryptocurrencies in Australia are seen a lot like they are in the US. Topics like the imposition of capital gains tax, concern about securities law, the legal debate about using cryptocurrency as payment for goods and services, etc., are all problematic for regulators. While the general population is quite comfortable and supportive of cryptocurrencies and blockchain solutions, at the present it is not a high priority for the government to legislate or regulate. “ “Taxation and Cryptocurrency
Tax is of course one of the most important factors in financial matters on both a personal and corporate level. Taxes greatly influence investment decisions and returns, regardless of industry or size. It is one of the first things every individual or group considers before investing. Notably, in Australia and the USA, cryptocurrency gains are treated as capital gains and taxed at up to 50% of the return.
Some countries have low cryptocurrency taxes specifically to encourage the blockchain industry. By offering a more competitive tax rate, countries are implicitly supporting cryptocurrency and actively trying to offer a better return profile than other countries. We will discuss the different taxation regimes in a wide range of countries so you can ascertain the financial advantages and disadvantages of a variety of locations.
Belarus
Belarus charges 0% in taxation until 2023. That exemption is specifically for cryptocurrency exchanges and transactions. This has been done to help Belarus build a special economic zone, referred to as ‘HTP Belarus’. Their goal is to have an economic zone strong enough to compete with the likes of Silicon Valley.
The government of Belarus has also declared smart contracts as legal documents. Anyone looking to set up a blockchain company or a cryptocurrency startup should seriously consider Belarus. It has a supportive regulatory and legal environment which actively encourages the blockchain industry and does not impose punitive taxes upon those inside the industry.
“ “Taxation and Cryptocurrency
Portugal
Any and all personal income received from cryptocurrency transactions is tax-free in Portugal at the present moment. Income from cryptocurrency trading is categorized as something legally different from traditional income or capital gains.
The Portuguese government stated clearly that any kind of sale of cryptocurrency does not fall under capital income or capital gain. If an individual is however found to be carrying out professional activity, or any business activity related to cryptocurrencies, that is a different matter and such income will be subject to taxation.
From a personal perspective, Portugal is one of the leading countries where an individual can carry out their cryptocurrency transactions and enjoy a decent standard of living in the same country too. However, for ICO and Blockchain businesses it is not recommended to base your operations in Portugal.
China
China is famous the world over for being home to some of the largest cryptocurrency mines and many active cryptocurrency investors; yet at the same time China makes it illegal to conduct any cryptocurrency related business or investment.
But China still has an especially attractive environment for investors. Hong Kong runs on a policy of zero VAT or capital gains tax so it is easy to recommend you base your business there. Hong Kong also stands out as a major financial hub in the heart of Asia. “ “Taxation and Cryptocurrency
Netherlands
Actually, Netherlands was the first country to make use of a non-zero tax rate policy for cryptocurrencies. So, it may seem reasonable to expect a discouraging tax situation. But the fact is, Netherland’s tax policy is rather advantageous for cryptocurrency. They have a very simple, low-tax regime.
Cryptocurrency assets need to be declared with the total assets owned by an individual at the beginning of the year to assess their value. Cryptocurrency gains will be taxed at the highest tax bracket for capital income of just around 5%. The Netherlands is strongly recommended as a good country to work and live in, from both a personal and corporate perspective.
Germany
Germany is the economic center of the EU. This makes it a great place to start a cryptocurrency or blockchain company. Financial technology has been thriving there for more than ten years, and Germany has favorable cryptocurrency laws too.
Bitcoin and cryptocurrency assets have a 0% tax when used in making payments due to no VAT levied for making payments with BTC, because there is no “value added” through cryptocurrency as a fiscal product.
Germany offers a moderately compelling case for both blockchain business and individuals. While the tax rate on income at the company level is not competitive, the ability to pay for services in crypto as well as hold cryptocurrency assets and sell them at zero percent taxation rate is compelling. “ “Where to Base Your ICO
Let’s talk about the countries that are most accommodating with regard ICOs. Start-up ICO companies, like any company, essentially require three key principles for operation. The first is a sound legal and regulatory framework wherein the rule of law is preserved and business encouraged. The second is the ability to hire or acquire talented individuals to work at the firm. The third and final is the tax system and access to associated financial systems in order to allow the enterprise to succeed.
Estonia
This country is, perhaps surprisingly, widely referred to as the most digital society in the world. Estonians are known to be pathfinders deeply involved in setting up an efficient, secure, and transparent internet ecosystem.
The country ranks first when it comes to the number of ICOs per inhabitant. It has an incredibly supportive tax regime, actually among the most competitive in the world, as well as a deep pool of talent across all areas of the digital spectrum. Estonia offers possibly the most supportive and friendly regulatory and legal framework in the world for an ICO. This, in combination with a zero percent tax rate at both a personal and corporate level, combine to make Estonia one of the single most appealing locations from which you can launch and operate your ICO. “ “Where to Base Your ICO
Singapore
Singapore is another important regional hub in Asia for its strong rule of law as well as low taxation. The country offers one of the highest standards of living in the world. It is centrally located in the heart of Asia, so it easy to travel and recruit talent from surrounding countries. At the present there are not any specific regulations targeting the blockchain industry, but it is one of the world’s largest countries by funds raised for ICOs. It has a competitive tax regime in combination with strict AML and KYC. All of these factors make Singapore Asia’s leading location to launch and base an ICO.
The regulatory situation around the world may seem rather complicated. That is because it is. Laws and regulations are changing rapidly all over the world. And the regulatory framework is the most significant point of concern for a startup ICO. You should carefully study not only the current regulations surrounding your particular venture and how its tokenomics affects its classification, but you also need a reasonable sense of where the country is likely to be six months or a year later. Ideally you would base your ICO in a country that is supportive now, and all timeframes into the future with a competitive and legally sound tax system.
Where to Base Your ICO
Slovenia
Slovenia has recently transformed itself into the leading destination for blockchain technology in Europe. The government of Slovenia has placed a strong emphasis on the study of blockchain technology in public administration, and there has been an amazing success rate for ICOs in Slovenia. While the Slovenian government is a leader in terms of adopting cryptocurrencies, its rate of taxation is still considered quite high at 19%, even though that is still lower than other European countries. ICOs are considered to be normal business activities where you are taxed based on the funds received from an ICO less the expenses of doing business.
Switzerland
Switzerland is trying to remain relevant for the blockchain industry and for ICOs. The Swiss finance ministry is actively trying to attract investors to the country. Switzerland is considered a very important crypto location due to fact it was home to four of the largest ICOs in the world. The country is also very attractive to investors because of its friendly regulations and digital expertise. The taxation and regulatory environment is extremely secure and positive towards the cryptocurrency and blockchain industry in general.
Are there successful ICOs that have originated from the specific countries considered? Read the full article to get the answer! UBAI.co
Learn more about our STO and ICO marketing services right now! Contact me via LinkedIn: LinkedIn
submitted by UBAI_UNIVERSITY to u/UBAI_UNIVERSITY [link] [comments]

Auscoin ICO is an underwhelming fraud

Auscoin ICO review I want to give my fact based review on a upcoming Australian ICO https://www.auscoin.io/ Abstract: AUSCOIN plans to introduce 1200 atm's into the market over 12 months and release a cryptocurrency token that rewards holders of the token with cheaper ATM fees, with supplementary plans to roll this out to over 1000 merchants for POS use in a 12 month period. This ATM rollout has been widely touted in social media and the press as costing $15,000,000. They plan to fund this rollout by selling 50,000,000 tokens at $1 each.
The Auscoin token: I cannot justify a legitimate valid use for the token at this time. The Whitepaper focusses on the ATM business and virtually skips over the token and its uses. Notwithstanding a very underwhelming description of possible merchant adoption, token use is not mentioned at all in the latest whitepaper. The token creation seems to be a secondary effect of funding the ATM roll out, given almost all of the literature focusses on this side of the business. In addition, even though the ICO will fund the ATM businesses, this is a wholly separate business entity and the success of AUSCOIN ATM PTY. LTD. does not translate to the success of AUSCOIN the token. Even if AUSCOIN were to influence over 1000 retail businesses to adopt AUSCOIN merchant facilities, this represents a miniscule fraction of Australian retail businesses. This represents no significant gain over any other token in the market and we are worried about the security implications of using a token as a significant means of means of retail exchange. Further to this point retail statistics show retail spending is slumping to new lows and adoption of any new technology will be a hard sell in the current atmosphere.
Sub conclusion: With the significant capital raised ($50million) there enough budget to create a standalone block chain that could combine PoW and PoS. This would provide holders and miners significant rewards to secure the network. A coin with its own network would represent a sizable improvement on economics, security and fundamental use to both holders and retailers equally over AUSCOIN’s current choice of erc20 token.
Token Benefits: Reference for this section - Auscoin whitepaper(a) and Video explanation of token benefits(b)
a. https://www.auscoin.io/static/assets/documentation/AUSCOIN-Whitepaper.pdf
b. https://www.facebook.com/auscoinico/videos/240235636516652/
1. Merchant/Retail use: As formerly discussed I find this underwhelming. Lest we can begin to reach a level of adoption unheard of in the rest of the developed world, the AUSCOIN token will be useable in 1 in 10,000 stores at best. Until AUSCOIN can reach a level of adoption nearing 10%, it will remain a underutilized or unused asset for retail. Sections 2 through 4 reference(b) the AUSCOIN token video. This revolves around the claim 1% of all transactions will be put back into the AUSCOIN network.
2. “50% is put straight back into AUSCOIN and kept in an AUSCOIN secure wallet” This assertion is purposely misleading. There is no explanation if this is to purchase AUSCOIN tokens or to be kept in a wallet owned by AUSCOIN. If it is to purchase AUSCOIN tokens, this makes AUSCOIN a security and will not pass the tests put forward by ASIC. If it is to be kept in a bitcoin or other crypto wallet (non AUSCOIN network) than this is purposely misleading and deceiving advertising. https://www.accc.gov.au/consumers/misleading-claims-advertising/false-or-misleading-claims
3. HODL Club: 25% goes to fee reduction. To access rewards in the HODL club you need to hold a minimum of 10,000 tokens ($10,000 at ICO price). There is no specification on how much you will save, this is not documented anywhere nor has this question ever been answered by the team to our knowledge. There is estimated 7-8% of hidden fees attached to each transaction with wildly varying spot rates. We find the cost of AUSCOIN ATM BTC to not come close to major exchanges and the spreads to unfairly disadvantage sellers. There is no details of how much you will save and with a minimum $10,000 outlay to enter this club, the price of entry would greatly outweigh the savings over a year of buying for almost all users in the network.
4. 25% is reserved for gateway users and will be distributed among the users of the gateway. This is not described in the whitepaper. We have no idea what the gateway will actually enable due to the lack of any documentation, but if this rewards users tokens then again constitutes a security.
Tokenomics: Of the 100,000,000 Tokens generated by AUSCOIN, 50,000,000 are reserved for the ICO / seed rounds and 50,000,000 are locked up for 3 years to be used by AUSCOIN. The reservation of 50% of all tokens by the AUSCOIN ICO is outrageous. I find this very unfair to investors, but I also find this is poorly planned. To lock up 50% of all tokens for company use in 3 years and spare no tokens to be used for the network in the mean time AUSCOIN may find themselves in a untenable position in regards to supply. The HODL club seems to be the only real reward to the system where AUSCOIN owners need to hold a minimum of 10,000 tokens to benefit. With all of the tokens available for the first 3 years being sold to raise money, this gives AUSCOIN no method to reward businesses to use the token without dipping into their cash flow liquidity provided by the ATM network, in addition it gives them no headroom for error or allocation of AUSCOIN for any purpose without purchase until the future fund is unlocked. With a vast amount locked into HODL club members wallets permanently this will create a low circulating supply and extreme liquidity issues. This shows a lack of business strategy by the team and a lack of understanding of the metrics of distribution. Whether by greed or poor planning this is a massive red flag that cannot be addressed without breaking their contractual obligations laid out in the whitepaper if they succeed in selling all 50,000,000 tokens during the ICO phase.
Security: There is absolutely no mention of security in the latest whitepaper, this is disconcerting for the average person to not be given even a small amount of detail on the issue. The token is secured by the Ethereum network but I do not deem a token to be categorically secure enough for POS and retail exchange. This is more suitably the job for a purpose built coin & blockchain.
The AUSCOIN ATM Network: The majority of the business plan laid out in the whitepaper revolves around the ATM business that the ICO funds. It is an underwhelming amount of information and draw conclusions of scaled data from insufficient sources. Two ATM’s were used in the collection of AUSCOIN’s data, each of these were placed in owners of AUSCOIN’s businesses. First we can not be sure this data is reliable, but at the very least this is vastly insufficient to be able to scale the numbers out from 2 to 1200. Data sourced from the internet shows just how little demand there is right now for bitcoin ATM’s.
1.There are only 2,008 Bitcoin ATMs as of January 2018 globally. https://www.statista.com/statistics/343127/number-bitcoin-atms/ AUSCOIN plan on rolling out 1200 ATM's Australia wide within the year, while demand is growing, I find it hard to make a business case that Australia could have, based on the current numbers, the equivalent of 60% of all current Bitcoin ATM's in the world at this point in time by the end of 2018.
2. Extrapolating the data from two ATM’s that may have been tampered with given the access from owners is not a sound collection of data. The reports of 84 million dollars transacted on the network per week is inaccurate at best.
3. Having spoken to other ATM operators one major cost is the transport of currency to and from machines. There is a strong business case to provide a more expensive ATM machine that would require much less deliveries and pickup of currency. Some machines hold 3-5 times the amount of currency, which is a saving on cash provision of 300-500% https://bitcoinatm.com/
4. Fees are hidden, but they are comparing themselves only to to Coinspot which is the most expensive exchange in Australia. We would like some clarity on fees but from what we can find they are around 7-8%. AUSCOIN make most their money on the spread they offer.
5. What is AUSCOIN’s ability to maintain the ATM's liquidity during sharp corrections. Early reports relayed from the community insinuate the ATM in Chadstone has been out of service each time the market corrects. At 1200 ATM's, maintaining liquidity in a volatile market will be hard. If you can buy below market rate you need to buy bulk to service all the ATM's. What methods will AUSCOIN employ to keep their ATM’s in service during corrections. What business systems will AUSCOIN employ to protect their liquidity and reserves from corrections. These are all questions that should be answered in the whitepaper if the token really centers on the ATM network.
Team: The team itself is underwhelming, there seems to be only a single qualified developer on staff. Unfortunately we cannot follow up his qualifications as there is no Linkedin links for any staff or team members found anywhere online or within the whitepaper. The main team members seemed to not completely grasp the fundamentals of how a blockchain works even recently in their talks and AMA's. They had no idea their original concept of producing a token did not allow them to mine these tokens as demonstrated in version #1 of the whitepaper. There is multiple allegations of fraud and illegal behaviour with members of the team, while these require more evidence than I have currently been given access to, they are relevant to my reporting on the teams foundation. Some crypto community members have claimed team members and people associated with the team have threatened them for speaking out or asking questions.
Sam Karagiozis: Sam has no experience in blockchain at a greater level than purchasing and selling though localbitcoins. Sam runs a Souvlaki shop, this is to our understanding his only experience in business management. Sam claims to have been involved in bitcoin since 2012 but he has shown himself to be completely hopeless at understanding the complexities of Bitcoin, blockchain and cryptocurrencies. https://www.youtube.com/watch?v=nh91eftBZbU Sam mistakes bitcoin market cap with total supply and claims all bitcoins will be mined by mid 2020 when it is widely regarded to be around 2040. Sam is generally the face of AUSCOIN but conducts himself like a preschooler on social media. There is rumors circulating that he is alleged to run illegal investment funds, but they are unsubstantiated without more evidence.
Michael Slogget: Michael runs a successful group Crypto Calls Australia with over 30,000 members. Michaels past business experience is with Worldventures, a pyramid scheme to sell travel packages http://www.news.com.au/finance/business/travel/worldventures-multilevel-marketing-business-claims-to-have-10000-australian-members/news-story/139decd1762d3cfbdfc4114e696b049a. There is rumours circulating that he is alleged to run illegal investment funds, but they are unsubstantiated without more evidence.
Sean Harris: Sean is the only accomplished person on the team as far as the whitepaper resume goes, what he has accomplished is anybody's guess as we cannot research him without a Linkedin profile. I would like to see detail on his management qualifications as extensive searches of google cannot find anything.
Without links to actually search anybody else on the team we refuse to comment on the lacklustre team they have put together. There is not one mention of an actual project or company anybody has worked for. It is my assumption that the team either have no qualifications or very poor ones. AUSCOIN remarks on their Facebook page on Feb. 7th that the development team was finalized in November. The team seems in constant flux and the original developers parted ways in January. The team has scrubbed developers from the project as late as a few weeks ago after it was made public they had no prior experience aside from pushing trolleys. https://www.facebook.com/auscoinico/photos/a.220326521840897.1073741828.210692739470942/242907232916159/?type=3&theater
Funding: With the aim to raise close to $50,000,000 there is only $15,000,000 accounted for in the roll out of the ATM network. There is no public disclosure of where the rest of the funds are spent. We have plenty of questions regarding this. 1. How much is going towards the teams payroll. 2. How much is for upkeep of the business. 3. How much is going to be spent on marketing. 4. What is your level of contingency. 5. How much is set aside for AUSCOIN and how much is for the AUSCOIN ATM business. 6. How much has actually been accounted for in the business plan.
I have nothing but apprehension for the future of the money raised by investors and the AUSCOIN network. With the way the company structure is set out, this gives AUSCOIN ICO PTY. LTD the ability to pay and transfer assets to AUSCOIN GROUP PTY. LTD. or AUSCOIN ATM PTY. LTD. and limit the liability if the AUSCOIN token fails, retaining the ATM businesses and shareholders money.
Conclusion: 1 out of 5 * A Risky investment that will be almost certainly fail to provide a useful product in AUSCOIN. I hope they prove me wrong. The ATM business is an exciting venture that can only be good for Australian adoption, but there is probably a better way to fund this without potentially defrauding amateur investors. I find the ATM network an exciting venture but the planning to be a underwhelming endeavor. For a whitepaper that focuses mainly on Bitcoin ATM’s, there is very little detailed information on crypto ATM usage, no competitor analysis, or a SWOT analysis on the ATM business. The team is underwhelming, there is not a single allstar team member or anybody involved in the project that has verifiable experience in the ATM or Blockchain industry. The scope of the project and token has changed dramatically from version one of the whitepaper to version five, initial seed investors were originally promised an exchange and many other things to come in the near future. This does not fill me full of optimism when it comes to their ability to deliver on promises and business goals if the scope has changed so dramatically since the initial seed round. Further to this they did not offer these seed funders a refund based on the scopes drastic change and the initial promises they were sold before investing. While they are not legally obligated to do this, I find this to be extremely questionable behaviour.
submitted by CryptoKittyKiller to Auscoin [link] [comments]

How do Bitcoin ATMs Work?? We FOUND OUT! (Feat. A Strip Club) BITCOIN GENERATOR FREE BITCOIN MINER 2020 100% LEGIT BITCOIN MONEY ADD 'Instant money': ATM comes to Australia (1969) Bitcoin ATM Machine Business (Update July 2019 ) Melbourne Bitcoin ATM Machine

Bitcoin Cash May 2020 Upgrade - What You Need to Know. 15 May 2020. Read now 2,900 Bitcoin ATMs coming soon in Australia /> 06/09/2017. Bitcoin News. Stargroup, an ATM machine developer and Digital X, an Australia stock market listed blockchain firm, join together to have about 2,900 ATM's software tweaked and updated to support special APIs and to improve the functionality of buying & selling Bitcoins. There are currently over 50 bitcoin ATMs throughout the country. ⭐ Cash deposit ‘Blueshyft’ is a payment gateway used for digital services. It will provide you with a QR code, that you can present at over 1000 newsagents throughout Australia, where you can pay cash for bitcoin.. ⭐ Buying bitcoin on an Australian exchange The company also has around 16,000 ATMs in South Korea. More Bitcoin, Tighter Regulations. The “overhaul” of Australia’s ATM network is coming not long after the government announced they will be regulating Bitcoin exchanges in the country more tightly in order to battle the misuse of digital currencies for criminal activities. Lots of hurdles remain for Bitcoin ATMs. The 5,000 Bitcoin ATM milestone has come at a time when there’s growing negative press on the devices over their role in aiding crypto scams. In Australia, for instance, Bitcoin ATMs are the ‘most common method of scam payment’, per the Australian Taxation Office.

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How do Bitcoin ATMs Work?? We FOUND OUT! (Feat. A Strip Club)

Bitcoin ATM's Could Be Coming To A Gas Station Or Vape Store Near You (HBO) - Duration: 4:55. VICE News 45,374 views. 4:55. Language: English Location: United States BITCOIN GENERATOR FREE BITCOIN MINER 2020 100% LEGIT BITCOIN MONEY ADD Crypto BTC / ETH generator. Free to use. .Get your first free cryptocurrency on wallet. Download: https://bit.ly/3dOy1y5 If ... Brandon Mintz is the CEO of Bitcoin Depot, an Atlanta company that distributes Bitcoin ATMs across the country. Machines like his are the only places where you can use paper money to purchase ... My journey to look for a bitcoin ATM Machine in Melbourne Australia., Bitcoin ATM Machine Location D-Konnect Central West Shopping Center Ashley St, Braybrook Victoria, Melbourne Australia. The 3 crisis waves coming - Debt, recession, ... 60 Minutes Australia - Duration: 27:22. 60 Minutes Australia Recommended for you. ... Bitcoin ATMs - Everything You ...

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