Beginner’s Guide: Introduction to Cryptocurrencies

Introduction: Investing in Cryptocurrencies

The first cryptocurrency to emerge was Bitcoin, which was built on Blockchain technology and was probably launched in 2009 by a mysterious person Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins had been mined and it is believed that a total of 21 million bitcoins could be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin such as Bitcoin Cash and Bitcoin Gold.
Users are advised not to put all their money into one cryptocurrency and try to avoid investing at the peak of the cryptocurrency bubble. It has been observed that the price has suddenly dropped when it is at the top of the crypto bubble. Since cryptocurrency is a volatile market, users have to invest the amount they can afford to lose as there is no government control over cryptocurrency as it is a decentralized cryptocurrency.
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Apple co-founder Steve Wozniak predicted that Bitcoin is real gold and will dominate all currencies like USD, EUR, INR and ASD in the future and become a global currency in the coming years.
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Why and why not to invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to be born and since then around 1600 cryptocurrencies have been launched with some unique feature for each currency.
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Some of the reasons I have experienced and would like to share, cryptocurrencies have been created on the decentralized platform, so users do not require a third party to transfer cryptocurrency from one destination to another, unlike currency trust where a user needs a platform like Bank to transfer money from one account to another. Cryptocurrency based on very secure blockchain technology and almost zero chance of hacking and stealing your cryptocurrencies until you share your critical information.
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You should always avoid buying cryptocurrencies at the peak of the cryptocurrency bubble. Many of us buy cryptocurrencies at their peak hoping to make a quick buck and fall victim to the hype of the bubble and lose their money. It is better for users to do a lot of research before investing their money. It is always good to put your money in multiple cryptocurrencies instead of one, as few cryptocurrencies have been observed to grow more, some on average if other cryptocurrencies go into the red zone.
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Cryptocurrencies to focus on

In 2014, Bitcoin occupies 90% of the market and other cryptocurrencies the remaining 10%. In 2017, Bitcoin still dominates the crypto market, but its share has fallen sharply from 90% to 38%, and Altcoins such as Litecoin, Ethereum and Ripple have grown rapidly and captured most of the market.
Bitcoin still dominates the cryptocurrency market, but it is not the only cryptocurrency to consider when investing in cryptocurrency. Some of the top cryptocurrencies to consider:
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Where and how to buy cryptocurrencies?

While few years ago it was not easy to buy cryptocurrencies but now users have many platforms available.

In 2015, India has two main bitcoin platforms, Unocoin wallet and Zebpay wallet, where users can only buy and sell bitcoins. Users must buy bitcoins only from the wallet, but not from another person. There was a price difference in the buying and selling fee and users have to pay a nominal fee to complete their transactions.
In 2017, the cryptocurrency industry grew tremendously and the price of Bitcoin grew spontaneously, especially in the last six months of 2017, which forced users to look for Bitcoin alternatives and crossed 14 lakhs in the Indian market.

As Unodax and Zebpay are the two major platforms in India that dominated the market with 90% market share, which was only traded in Bitcoin. It gives another organization a chance to grow with other altcoins and even forced Unocoin and others to add more coins to their platform.
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Unocoin, one of India’s leading cryptocurrency and blockchain companies, launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies, apart from trading Bitcoin on Unocoin. The difference between both platforms was that Unocion only provided instant buying and selling of bitcoins, while on UnoDAX, users can place an order for any available cryptocurrency and if it matches the recipient, the order will be executed.
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Other major exchanges available for trading cryptocurrencies in India are Koinex, Coinsecure, Bitbns, WazirX.

Users have to open an account in any of the exchange by registering with email id and submitting KYC details. Once your account is verified, you can start trading with the currencies of your choice.
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Users should do their research well before investing in any currency and not fall into the trap of the cryptocurrency bubble. Users should research the credibility of the exchange, transparency, security features and many more.
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All exchanges charge a nominal fee on each transaction. There are two types of charges: the maker’s fee and the borrower’s fee. Apart from the transaction fee, you need to pay the transfer fee, if you want to transfer your cryptocurrencies to another exchange or to your private wallet. Charges depend solely on the currencies and the exchange, as different exchange has a different price module to transfer the coins.

Major Non-Bitcoin Altcoins

As mentioned above, Bitcoin dominates the market with a market share of 38%, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If any of the coins match your wallet, you must buy it.

But, you have to put the money in the market that you can afford to lose as the cryptocurrency market is very volatile and no government has control over it.

when to buy

There are no hard and fast rules when to buy your favorite cryptocurrency. But you need to investigate the stability of the market. You should only do this at the peak of a cryptocurrency bubble or when the price is continuously crashing. It is always considered the best time when the price is relatively stable at a low level for some time.

Cryptocurrency storage method

Before buying any cryptocurrency, you need to understand how to keep your cryptocurrency safe.

Generally, all the exchanges offer the storage facility where you can keep your coins safely. You should not share your username, password, 2FA details when you have cryptocurrency on exchanges.

Paper Wallet, Hardware Wallet, Software Wallet are some of the channels where you can store your cryptocurrency.

Paper Wallet: Paper wallet is an offline cold storage method to hold your cryptocurrency. Print your private and public key on a piece of paper where the QR code is also printed. Just scan the QR code for your future transactions. Why is it safe? You don’t have to worry about your account being hacked or being attacked by any malware. Just keep your piece of paper safe in a locker and if possible keep two or three pieces of paper wallet under your complete control.

Hardware Wallet: A hardware wallet is a physical device where you keep your cryptocurrency safe. There are many forms of hardware wallet, but the most commonly used hardware wallet is USB. When you keep your cryptocurrency in your hardware wallet, just keep in mind that you must not lose your hardware wallet, because once it is lost, you will not be able to get your cryptocurrency back.

A famous incident, where a person mined more than 7000 bitcoins and stored in his hardware wallet and saved it with another hardware wallet. One day he threw away the hardware wallet where he stored his cryptocurrency instead of damaging the hardware and lost all his bitcoin.

What cryptocurrencies can you buy in India?

Most people assume that buying and selling any cryptocurrency is only for investment and getting the high returns in the long and short term. Bitcoin influencers and investors believe that in the coming years Bitcoin will dominate all fiat currencies and be accepted as an international currency.

Dell is one of the largest e-commerce companies that accepts bitcoin as payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall accepted bitcoin as payment through the Unocoin merchant service. People were booking movie tickets through BookMyShow or recharging their mobiles through the Unocoin platform. According to the report, they have stopped the service but plan to start again in the near future.


Cryptocurrency is one of the growing investment sectors and in the past has given good returns than real estate, gold, stock markets etc. You can buy the cryptocurrency and hold it long term for good returns or go short term for quick profits as we have seen many coins grow by 1000%+ in the past. Since cryptocurrency is a volatile market with no government control over the industry. You need to invest the amount in any cryptocurrency that you can afford to lose.

You can store your cryptocurrency in hardware wallet, paper wallet, software wallet if you don’t want to keep it on the exchange you are trading from.

Latest trends to follow in Cloud Computing in 2020

In today’s corporate industry, the use of cloud computing has become an unspoken norm. Almost everyone has heard of it, and its benefits are far-reaching and wide- it saves costs, increases efficiency, helps get work done faster, and more. In different market studies conducted over time, the results have shown that this trend towards the use of cloud computing by companies and technology houses is bound to increase in the coming years.

So far, there have been some notable changes that have taken place in the field of cloud computing, and it will be important for companies to look at them when investing their time and capital in cloud computing.

quantum computing-

Quantum computing literally means tasks that used to take hours will now take exponentially less time, seconds to be precise. This means that computers and servers will now process information much faster than usual, increasing the speed of the network in the near future. It must be remembered that today’s networks have cloud computing at their core, which means that substantial technological changes will occur in cloud computing due to the development of quantum computing.

Use of Blockchain

Blockchain technology has led to the development of faster network systems. Many companies, especially financial technology powerhouses, have increased the use of blockchain in cryptocurrency analysis and validation. At the heart of it all is cloud computing, which has the potential to host cryptocurrency trading, initial coin offerings, among other things.

Increase digital knowledge-

As the younger workforce enters workplaces over time, we find that they are much more versed in the technological advancements of new technologies, especially cloud computing. With this, companies will see that they have two types of workers: those who are technologically advanced and those who are not so technologically advanced. Companies will have to undertake various training programs and initiatives to maintain the digital awareness of the older generation.

Mobility of workers-

Based on the correlations of the growing digital knowledge among workers, a trend is soon catching up with the new workers, which is about the mobility of workers and their work. With cloud computing, workers do not need to be present in their offices and cubicles every time they work. They can work from anywhere, on any device, and get the job done. Any company that does not offer them mobility will not support loyal employees.

Edge Computing

Edge computing means “bringing computing closer to the source of the data.” Because of this, the communication between the network and the data source is substantially minimized, increasing the computation speed and reducing the costs substantially. How does this happen? With computing it could. This type of technology is used in modern devices such as smart refrigerators, smart speakers, cars, etc. and it is only possible thanks to cloud computing.

AI (Artificial Intelligence): The New Breakthrough Invention-

Artificial intelligence is considered to be the future of digital automation. The automation facilities it offers businesses have surprised even the most optimistic people, and even with its critics, people have started to understand how useful AI can be. With AI, we are expected to see an increase in devices using edge computing, which means that their foundation is only in cloud computing. Artificial intelligence is something every business should be looking into.

Serverless Computing-

This is a newly developed cloud computing model where a dynamic backend system helps you scale up and down based on your application or service usage instead of using default servers. This technology is also considered futuristic, with the likes of Microsoft CEO Satya Nadella backing it. Little by little, you will see open source serverless IT service providers appear, thus reducing the need for server providers that you have to connect to their services.

Data Center Ecosystem-

By combining the power of machine learning, cloud computing and data processing with quantum computing, we will soon see software become a service rather than a subscription-based commodity that will be easy for businesses to use and companies with the help of these newly developed. technologies In this way, the time spent on a project will be reduced, costs will be reduced and we will see a reduction in redundant processes. The way data is viewed today would be seen to be revolutionized, with cloud computing technology at its core.

To conclude, today’s advances in cloud computing are just a glimpse of what’s to come. It’s just a base. On top of all of that, there would be many new innovations and technologies that will be out there to revolutionize the way we do everything we do.

An Introduction to Blockchain Technology for Beginners

These days, technology is scaling new levels of success at an incredibly fast pace. One of the latest triumphs in this direction is the evolution of Blockchain technology. New technology has greatly influenced the financial sector. In fact, it was initially developed for Bitcoin, the digital currency. But now, it also finds its application in many other things.

Getting here was probably easy. But do you still need to know what Blockchain is?

A distributed database

Imagine an electronic spreadsheet, which is copied many times across a computer network. Now, imagine that the computer network is so intelligently designed that it regularly updates the spreadsheet on its own. This is a broad overview of Blockchain. Blockchain holds information as a shared database. In addition, this database is continuously reconciled.

This approach has its own benefits. It does not allow to store the database anywhere. The records they have there have a genuine public attribute and can be verified very easily. Since there is no centralized version of the records, unauthorized users have no means to manipulate and corrupt the data. Blockchain’s distributed database is hosted simultaneously by millions of computers, making data easily accessible to almost anyone via the virtual web.

To clarify the concept or technology, it’s a good idea to talk about the Google Docs analogy.

Google Docs analogy for Blockchain

After the advent of email, the conventional way to share documents is to send a Microsoft Word document as an attachment to a recipient or recipients. Recipients will take their sweet time to go over it, before resending the revised copy. In this approach, you have to wait until you receive the return copy to see the changes made to the document. This happens because the sender cannot make corrections until the recipient has finished editing and resends the document. Contemporary databases do not allow two owners to access the same record at the same time. This is how banks maintain the balances of their customers or account holders.

Unlike established practice, Google Docs allows both parties to access the same document at the same time. In addition, it also allows both to view a single version of the document simultaneously. Just like a shared record, Google Docs also acts as a shared document. The distributed part only becomes relevant when the sharing involves multiple users. Blockchain technology is, in a way, an extension of this concept. However, it is important to note here that Blockchain is not meant for document sharing. Rather, it is just an analogy, which will help to get a clear idea about this cutting-edge technology.

Blockchain Highlights

Blockchain stores blocks of information across the entire network, which are identical. By virtue of this feature:

  • The data or information cannot be controlled by any particular entity.
  • Nor can there be a single point of failure.
  • The data is kept on a public network, which guarantees absolute transparency in the overall procedure.
  • The data stored in it cannot be damaged.

Demand for Blockchain Developers

As mentioned earlier, Blockchain technology has a very high application in the world of finance and banking. According to the World Bank, more than US$430 billion in remittances were sent in 2015 alone. Hence, Blockchain developers are in significant demand in the market.

Blockchain eliminates the profit of intermediaries in these monetary transactions. It was the invention of the GUI (Graphical User Interface), which made it easier for the common man to access desktop computers. Similarly, the wallet application is the most common GUI for Blockchain technology. Users make use of the wallet to buy things they want with Bitcoin or any other cryptocurrency.

Silicone Release Coatings: Back to Basics

If you’re unfamiliar with even the basics of silicone release coatings, you’re on the right page. Typically, these coatings can be applied at different low weights on a large number of substances with the help of different techniques. Read on to find out more.

Basically, the function of these coatings is to create a cross-linked non-stick surface, which is useful when protecting pressure-sensitive adhesives. Other than that, there is a long list of sticky materials it can be used on. Common examples of these materials include foods, prepregs, and bituminous compounds, just to name a few.

The good news is that they can be found in a wide range of delivery systems and use many curing chemistries such as rhodium or platinum catalyzed curing to name a few. So you can choose from many materials to get the most out of these products.

Benefits of silicone release coatings

Silicone release coatings offer a wide range of benefits. They can be used for labels, graphic arts, and health and food items. Therefore, the benefits of the product are almost endless. This is an ideal solution for many applications. In addition to competitive pricing and non-stop supply, they offer the benefits listed below:

Reliability: They offer rapid curing below 35 PPM platinum

High Flexibility: You enjoy great flexibility when it comes to coating, curing or releasing

High line speed: Line speeds are high, so records can be broken without fogging. This is one of the biggest benefits of these coatings. The idea is to make sure that nothing bad happens during the process and that high line speeds are achieved at the same time.

Better Coverage: You enjoy long bath life, high release and anchoring capacity, which is what today’s manufacturers demand. So better coverage is another big advantage of this system.

Conversion speeds: You can enjoy the ease of dispersion and high conversion speeds

Typically, silicone release agents can be used as additives in applications involving mold release. They allow a quick release of the products coming out of the molds. Some good examples of such products are food packaging and tires.

In addition to this, they exhibit slipperiness and lubricity in many applications such as conveyor belts and newspaper presses.

By purchasing silicone release agents from a good supplier, you can enjoy many benefits in paper/filing coating applications, food contact manufacturing and many other industries. The non-stick properties of the agent can allow the following benefits:

  • Longer life of machinery and molds

  • Reduction of material waste

  • Products with clean finishes

  • Faster performance

In short, if you want to enjoy the full potential of silicone release agents, we suggest you buy these products from a good supplier. Hopefully, these tips will help you choose the best products to meet your needs.

How to get free Bitcoin

Everyone is in a different situation. One shoe does not fit everyone. So, we will talk about different ways to get Bitcoins for free. You might be wondering if you can get Bitcoins for free. Is possible. In this article, we will discuss 6 ways to achieve this purpose. Let’s talk about them.

  1. Pay in Bitcoin

  2. Affiliate programs

  3. mining

  4. games

  5. taps

  6. Gambling and scams

Falling for scams

Don’t fall for the scams or you will lose all your money. So if you avoid a scam, you can use any other method to make money. You cannot earn digital currency from these scams. For example, if an offer asks you to pay a certain amount and you have no idea what you’ll get in return, you know it’s a scam.

Since cryptocurrencies are quite expensive, it is not a good idea to take risks and fall for a scam. After all, you don’t want to end up losing your hard-earned money in a second.

Bitcoin games

There are some games that will pay you a small amount of this digital currency if you play it for a while. These games usually have a lot of ads attached to them.

All you have to do is keep playing and watching the ads. This way, developers can earn from ads and pay you a share of their earnings.

If you don’t mind watching ads, you can play these games and earn digital money in return.


A couple of years ago, it was possible to earn tons of Bitcoins through the mining process. Nowadays, it has become much more difficult. Today, the market is dominated by big guns that have special equipment for mining.

If you want to mine the coin, we suggest you invest in a lot of powerful hardware. You can not only use the computer for this purpose.

Use affiliate programs

As far as my opinion is concerned, this is the easiest way to earn free Bitcoins. Is it worth it. Affiliate programs work in every industry and cryptocurrency is no exception. For example, you can choose to refer a friend to get a discount or get paid in Bitcoins.

Pay in Bitcoin

Actually, it is not 100% free. However, it can technically be called “free”. Again, it’s like a game reward. You can do this in many ways. For example, you can ask for Bitcoin donations on your site. You can work with someone who pays in digital currency. You can also ask your employers to release your salary in digital currency. This is possible if your employers already pay in cryptocurrency.

If you are hoping that Bitcoin will increase in value, we suggest you go ahead and pay cash to buy it. This is the safest method so far. But if this is not possible for you, you can choose any of the above mentioned methods. Hopefully, one or two of the methods work for you.

Changeover of Indian currency from print to digital

The end of announcement of 500 and 1000 rupees by Narendra Modi has led to an increase in digital payments, thereby helping India move towards digital India. In the last few days it has been seen that the difficulties among the people to buy goods for their livelihood after the ban of Indian currency notes like Rs.500/- and Rs.1000/-, it seems the nation was formed by more than a billion people. they have realized the advantage of digital currency.

Looking at the Google Trends page, it looks like “buying Bitcoin” is gaining popularity fast. Bitcoins are a digital currency, made by computers, whose prices are validated through a public ledger. Like any digital money, this money can be used to pay for goods and services, such as buying coffee, a meal package at a restaurant or even clothes.

Although digital currency is yet to mature, it has the power to play a key role in the future of financial services. As bitcoin and other related technologies grow in adoption, our financial system will depend heavily on a large centralized institution that has a globally distributed network. With the proliferation of the internet, we have witnessed industries such as the media; software and communications were transformed and energized. Sooner or later we will experience a similar revolution in financial services, where digital currency permanently replaces our old, expensive and time-consuming systems and an entirely new structure emerges that facilitates payments, streamlines accounting processes and enforces contracts with ease and scalability. . In this rapidly developing landscape, digital currency can emerge as the valuable trade that powers the “internet of money.”

“There is no doubt that digital currency will play an important role in the future.”

– John Donahoe, Chairman and CEO of eBay

Cryptocurrency enthusiasts are hopeful that Bitcoin will displace cash sooner or later.

Millions of Indians have limited or no access to financial services through traditional means. This means that Bitcoin can fill a need, should it arise. Benson Samuel, one of the most popular names in the Indian bitcoin community and co-founder of Coinsecure, welcomes the decision. He states, “This is very good for digital currencies in India as people will now be forced to look for alternatives to store value. Decentralized digital currencies will play a vital role in maintaining a variety of options for the people who need to use them.”

“People are receiving remittances in bitcoins, instead of Paypal. They can settle them by paying just 1% transaction fee,” said Sathvik Vishwanath, CEO and co-founder of Unocoin.

Governments around the world have recently announced that they are investigating their own plans for digital currencies.

The Manila-based bitcoin wallet service offers consumers direct access to basic financial services such as sending and receiving money, bill payments, remittances and mobile top-up from a Coins account. Unbanked and unbanked customers have access to online shopping at over 63,000 merchants that accept the digital currency.

Bitcoin and digital currency are heading towards the future of the financial system, but the main challenge is to develop emerging technologies and deliver innovations for consumers and businesses around the world. Also technologies need to be as safe and easy to use as possible, and work with governments to figure out how to enable these innovations mapped to the law.

What about your careers and businesses?

Emerging digital tools can enable organizations to focus not only on finding talent, but also on managing, retaining and developing employees. Digital employee portals will integrate with these tools to help companies expand their employee database, refine their recruitment and selection methods, and deploy their employees more effectively. These platforms can help put the right person in the right job, find skills gaps, help employees achieve new capabilities, chart career paths and drive the development of the next generation of leaders.

More than two million people may already be employed in the creative and digital sectors, bringing £137 billion to the country, but a report published by the UK Commission for Employment and Skills (UKCES) in June 2015 revealed that there are more vacancies in these sectors. sectors than in the rest of the UK economy. It also predicted that 1.2 million web development and programming jobs will need to be filled by 2022. Therefore, web developers and programmers are in high demand as fewer graduates choose to enter the industry.

Customers are better connected as data connects everything enabling competitors and start-ups to outperform established players. Those who adapt their business model around the customer will win in the growing digital age. Companies need to be more innovative and agile in order to adapt to customer demands and market changes. This will enable them to increase customer engagement, grow employees and be more profitable. Ultimately, they need a business strategy for the digital age.

Learn how to sell in the digital age.

Selling in the digital age will help your sales team maximize the power of digital marketing and stay ahead of the competition. The digital age offers online platforms, channels and systems that business owners and digital marketers use to optimize their online businesses. Business owners need to understand today’s digital landscape and how it can drive the success and growth of their business. Primarily, they need to understand the basic functions and principles of digital marketing analytics and what makes an effective branding strategy. Effectively use the power of digital marketing to identify potential customers with social media, search engines, directories, blogs and Twitter. Find and develop qualified leads using the vast resources of the Internet. Interact with and retain current customers. Establish ongoing relationships with customers.

One can get the most out of search engines

Social media can help you sell.

Get the most out of LinkedIn, a business networking mogul.

Use Twitter to sell and gain more knowledge about your industry.

Use Directories to find the right people and information quickly.

Use email campaigns to help your customers buy.

Write blogs to make yourself known as an industry expert.

Build your personal brand online that generates inbound business.

Care and maintenance of electric tools

Power tools aren’t cheap, and there’s nothing worse than spending a fortune on a new drill only to have it break a year later. Unless you’re an avid woodworker, the average person will use their power tools sparingly, probably only a few times a year or even less. To make sure you don’t waste your investment or put your safety at risk, you need to take some regular maintenance precautions to keep your tools in top condition.

Another important reason to carry out regular maintenance routines is to stay safe. A rusted blade or broken gear can cause serious injury to you or a loved one. Never turn on a power tool if you think it has been damaged.

To prevent problems from occurring, it is important to keep tools in a clean, dry area away from dust and moisture. Dirt can get caught in mechanisms that slow them down or stop them altogether. Too much moisture can cause rust, which can easily destroy power tools. This is especially true if they are battery operated. Batteries should be checked frequently for leaks and replaced to factory specifications. Electrical cords and plugs should also be examined for damage before use.

Keeping power tools lubricated is also an important part of regular maintenance. This helps keep the movement clean and can also prevent rust. Oiling keeps your equipment running smoothly and should be done often. It’s cheap to buy and can add years of life to your power tools.

Larger tools will require more thorough maintenance. Filters should be checked and changed often, as well as oil, dust and testing between uses. Screws, hoses and other small parts must be kept tight. Tools like table saws will need to be aligned and balanced from time to time to ensure they work properly. The blades will also need to be replaced periodically. If you are not sure how to perform the necessary maintenance, consult a professional. Never attempt to clean or fix a machine without experience and knowledge. Not only could you damage the tool, but you could seriously injure yourself in the process.

If an object gets caught in the power tool or the mechanisms fail, make sure the machine is completely turned off before disassembling. Always follow all instructions given for disassembling and reassembling any equipment. Do not add or alter any parts without consulting the manufacturer.

The most important part of power tool maintenance is safety. Save all instruction booklets that come with your power tools. These will be invaluable when problems arise or if you rarely use the tool. If you’re not sure how to fix a problem, call the manufacturer or have it professionally looked at. Make sure your tools are also in good condition before lending them to a friend. You don’t want to be responsible for the ramifications of using a faulty tool. Performing a little maintenance will keep your power tools running smoothly for years to come.

What is Bitcoin, how is it different from "Real" Money and how can I get it?

Bitcoin is a virtual currency. It doesn’t exist in the kind of physical form that currency and coin that we’re used to existing in. It doesn’t even exist in such a physical form as monopoly money. They are electrons, not molecules.

But be aware of how much cash you personally handle. You get a paycheck that you take to the bank, or it’s automatically deposited without you even seeing the paper it’s not printed on. Then use a debit card (or checkbook, if you’re old school) to access those funds. At best, you see 10% cash in your pocket or pocket. So it turns out that 90% of the funds you manage are virtual: electrons in a spreadsheet or database.

But wait: they’re US funds (or whatever country you’re from), safe in the bank, and guaranteed by the full faith of the FDIC up to about $250,000 per account, right? Well, not exactly. Your financial institution may only require you to keep 10% of your deposits in escrow. In some cases, it is less. Loan the rest of your money to other people for up to 30 years. It charges them for the loan and charges you for the privilege of letting them lend.

How is money created?

Your bank can create money by lending it.

Let’s say you deposit $1,000 in your bank. Then they lend you $900. Suddenly you have $1,000 and someone else has $900. Magically, there’s $1,900 floating around where there was just a grand before.

Now say your bank lends 900 of your dollars to another bank. This bank in turn lends $810 to another bank, which then lends $720 to a customer. Poof! $3,430 in an instant, almost $2,500 created out of thin air, as long as the bank follows your government’s central bank rules.

The creation of Bitcoin is as different from the creation of bank funds as cash is from electrons. It is not controlled by the central bank of a government, but by the consensus of its users and nodes. It is not created by a mint confined in a building, but by distributed open source software and computing. And it takes real work to create. More on that shortly.

Who invented BitCoin?

The first BitCoins were in a block of 50 (the “Genesis Block”) created by Satoshi Nakomoto in January 2009. At first it had no value. It was just a cryptographer’s game based on an article published two months earlier by Nakomoto. Nakotmoto is an apparently fictitious name – no one seems to know who he/they are.

Who keeps track of all this?

Once the Genesis block was created, BitCoins have been generated ever since by doing the job of keeping track of all transactions of all BitCoins as a kind of public ledger. Nodes / computers that do the calculations in the ledger are rewarded for doing so. For each set of successful calculations, the node is rewarded with a certain amount of BitCoin (“BTC”), which are then newly generated in the BitCoin ecosystem. Hence the term “BitCoin Miner”, because the process creates new BTC. As the supply of BTC and the number of transactions increases, the work required to update the public ledger becomes more difficult and complex. As a result, the number of new BTC in the system is designed to be about 50 BTC (one block) every 10 minutes, worldwide.

While the computing power to mine BitCoin (and to update the public ledger) is increasing exponentially, so is the complexity of the math problem (which, by the way, also requires a certain amount of guesswork) or the “proof” needed to extract. BitCoin and to settle the transaction books at every moment. So the system still only generates a block of 50 BTC every 10 minutes, or 2106 blocks every 2 weeks.

So, in a sense, everyone keeps track of it, meaning every node in the network keeps track of the history of every BitCoin.

How much is there and where is it?

There is a maximum number of BitCoin that can be generated, and that number is 21 million. According to the Khan Academy, that number is expected to surpass around 2140.

As of this morning there were 12.1 million BTC in circulation

Your own BitCoins are saved in a file (your BitCoin wallet) on your own storage: your computer. The file itself is proof of the number of BTC you have and can be moved with you on a mobile device.

If this file with the cryptographic key in the wallet is lost, so will your supply of BitCoin funds. And you can’t get it back.

How much is it?

The value varies based on how much people think it’s worth, just like in the exchange of “real money”. But since there is no central authority trying to keep the value around a certain level, it can vary more dynamically. The first BTC was basically worth nothing at the time, but these BTC still exist. As of 11 AM on December 11, 2013, the public value was $906.00 USD per BitCoin. As I finished writing this sentence, it was $900.00. Around the beginning of 2013, the value was around US$20.00. On November 27, 2013, it was valued at over US$1,000.00 per BTC. So it’s a bit volatile at the moment, but it’s expected to settle down.

The total value of all BitCoin – as of the period at the end of this sentence – is about 11 billion US dollars.

How can I get some?

First, you must have a BitCoin wallet. This article has links to get one.

Then one way is to buy one from another private party, like these guys from Bloomberg TV. One way is to buy one on an exchange, like Mt. enjoy

And finally, one way is to devote a lot of computer power and electricity to the process and become a BitCoin miner. This is well beyond the scope of this article. But if you have a few thousand extra dollars laying around, you can pull it off.

How can I spend it?

There are hundreds of merchants of all sizes that take BitCoin as payment, from coffee shops to car dealerships. There is even a BitCoin ATM in Vancouver, BC to convert your BTC to cash in Vancouver, BC.

And so?

Money has had a long history, millennia. A somewhat recent legend tells us that Manhattan Island was bought for wampum—shells and the like. In the early years of the United States, different banks printed their own currency. On a recent visit to Salt Spring Island in British Columbia, I spent coin that was only good on the beautiful island. The common theme among these was an agreement of trust among their users that that particular coin had value. Sometimes that value was tied directly to something solid and physical, like gold. In 1900 the US tied its currency directly to gold (the “Gold Standard”) and in 1971, it ended this tie.

Currency is now traded like any other commodity, although the value of a particular country’s currency can be propped up or down by the actions of its central bank. BitCoin is an alternative currency that is also traded and its value, like other commodities, is determined by trade, but is not held back or diminished by the action of any bank, but directly by the actions of its users However, its supply is limited and known, and (unlike physical currency) so is the history of each BitCoin. Its perceived value, like any other currency, is based on its utility and trust.

As a form of currency, BitCoin isn’t exactly something new to Creation, but it’s certainly a new way to create money.

Is Bitcoin safe?

Bitcoin is reportedly entering forbidden territory as it creates a wave of controversy between “high” society and savvy digital investors. These digital marketers are trying to earn their share of the billion-dollar-a-day digital pie as corporate society seeks to reduce the spiraling value of what appears to be a “monetary threat.” Some who strive to exploit the poor and vulnerable are not having it as they try to inoculate the masses in an attempt to suffocate this growing “digital monster”.

These seemingly corporate criminals continue to keep a close eye on how the less fortunate spend their money while trying to build financial cartels around the world, but thanks to digital technology, Bitcoins have revolutionized money control in the 21st!

The Cons

Despite the growth of digital currencies like Bitcoins, it would be remiss not to reveal the drawbacks of these virtual currencies. Due to the fact that their fingerprints are encrypted, they cannot be tracked online. While one gets the pleasure of privacy and security when trading, it provides another gateway to hide and conduct illicit transactions.

When this happens, drug dealers, terrorists and other suspected criminals will continue to ply their illicit trade undetected when using Bitcoins.

The pros

However, amidst the monetary chaos, Bitcoins offer anyone enormous investment opportunities and growth potential. No one controls the virtual currency as it can be accessed by the public in cyberspace and the value continues to appreciate as society stumbles through the remnants of inflation.

The average man in the street can buy, save, trade, invest and increase his chances of financial success without the interference of government restrictions, controls and fiduciary regulations; therefore, spiraling inflations become a thing of the past.

Many truly believe that the #1 problem in our society is establishing financial monopolies. When a corporation decides to control currency, gold, and fuel, it uses its power to dictate how the money should be spent.

The regulations put in place by large and wealthy multi-corporations are only geared towards adding more wealth and power to their portfolios rather than benefiting borrowers seeking financial help. Also, those at the top are trying to drain the swamp so others can depend on them while they can get richer but can’t control the digital currency!

The brighter side of the coin

The time has come for the world to open its eyes and this is what Bitcoin is all about. Those trying to control the world are threatened by this Frankenstein, but I doubt they can stop it or tell. 1 Bitcoin is currently worth 844099.07 Jamaican Dollar or 6895.80 US Dollar. The cost of 1 Bitcoin in 2009 was 0.05 USD!

Mom, where do bitcoins come from? Bitcoin Mining Explained

“Mom, where do Bitcoins come from?” Well, you see, when a young, bright Bitcoin catches the eye of an ambitious miner, and because they love each other so much…

Wait, that’s obviously too hard to solve here. Also, my whole point is to keep things simple. Anyway, bitcoins are made by solving complex mathematical problems. This is done by a powerful machine that is built to solve these mathematical problems. This process is called mining. People who own these machines to earn money by mining Bitcoins are called miners. When a batch of problems is solved, it is known as a block. Blocks are verified by other users and, once verified, are added to what is called a block chain. This chain continues to grow and a new block is added approximately every 10 minutes. This chain is really just a ledger that will continue to grow and never end.

Very powerful mining machines use a lot of power and increase the miner’s monthly utility bill. The reason it takes so much power is the genius of the math involved. It requires the mining machine to perform complex cryptographic algorithms. Once a math problem is solved with the machine, a block of coins is born. Every time 210,000 blocks have been created, the miner reward is halved. It takes 4 years to achieve this. So it’s like a Bitcoin Olympics. Currently the block reward is 12 Bitcoins (on June 23, 2020 the reward will be only 6 coins). These coins go to the miner whose machine was the lucky lottery winner at the time. There is a winner every 10 minutes. There are also many competing miners out there. The mining finger now has something of value. Take out enough coins and you pay your electricity bill and a little more.

There is also another way to do it. It’s called cloud mining. With this type of mining you pay to use someone else’s network and this significantly reduces your profits. The positives of this method are that it does not require using electricity or even buying a machine.

It sounds good for me. I want to start mining now. Is this a good idea and can I generate passive income on a regular basis? possibly Hold on for now and you can make that call later.

Let’s try to break this down.

Going back to the original form of machine mining, you should start by buying a quality mining machine. This would cost you about $2,000. Here is a picture of a good machine (Bitmain’s Antminer S9) capable of creating a high hash rate of 14 TH/s. 1 TH/s is 1,000,000,000,000 hashes per second. This machine does 14 times more. That’s a lot of hashing power. A hash is just a very long number that the machine creates every time it tries to solve the algorithm. Again, to use my lottery analogy, all these machines are out there hoping to be the next winner.

Then your chances of winning become more and more difficult with more competition. Further complicating this issue is that each time one math problem is solved, the next problem becomes increasingly difficult to solve. The difficulty of the Bitcoin network changes approximately every two weeks or 2,016 blocks. The number of Bitcoins that will ever be created is finite. This number becomes 21,000,000. Once we reach that number, there can never be another Bitcoin. However, the blockchain itself will continue to expand because it is used to verify each transaction or purchase.

Also remember the Satoshi Nakamoto pseudonym I wrote about? Did you know that math problems today are more than 70,000 times harder for machines to solve than when we mined the first Bitcoin in 2009?! The estimate is that the final coin will be mined in 2140 because the system is halved every four years (210,000 blocks). There have already been 16,400,000 coins mined (78%) and each coin from now on will be mined at a much slower rate. Yes, you read that right. Basically 80% was mined in the first 8 years and it will take over 100 years to mine the final 20%. If any of my great grandchildren are reading this, I hope you feel great about our family’s Bitcoins now valued at 220,000 per Bitcoin. We can all dream well!

Buying a mining machine or buying a cloud mining contract is risky. While there are great success stories out there, be sure to research them thoroughly before deciding whether mining is right for you. For every person who makes money, there are many people who lose money.

By the way, a great place to see all the cryptocurrencies out there and their total coins and market cap, Coin Market Cap is a great resource. You can see the 700+ fly-by-night altcoins out there. An altcoin is just another way of saying any cryptocurrency coin other than Bitcoin. By now you probably know that Bitcoin is like the Rose Bowl, the granddaddy of them all! For now, I would try to limit my focus and research to the top 10. Not that there aren’t success stories of one of the almost worthless ones now. It’s just that finding one is like choosing the right penny stock. Sticking with established companies that are being recognized by mainstream analysts is a much safer bet. The same goes for the exchange you use to buy, sell and trade. This is why I use Coinbase to do my trades as they are the most reliable, secure and convenient exchange. They also have the most thorough verification process when it comes to adding altcoins.

Here is a summary of the key points of this article:

-Bitcoins are created from mining

-Mining is done by powerful machines that solve complex mathematical problems. You can also buy contracts called cloud mining if you don’t want to buy a machine.

-Problems get harder as coins are mined and production rate slows down

-As of May 2017, there are only 72 Bitcoins mined per hour (12 every 10 minutes)

-On June 23, 2020, it will be halved again to only 6 spawns every 10 minutes

– Almost 80% of the finite number of 21,000,000 Bitcoin coins have already been mined

-Competition between miners and increasingly complex math problems make it harder to mine for profit

– The final coin is estimated to have been minted in 2140

If I were 22 again… A father explains real estate investing to his son

My twenty-two year old son asked me a question last night. He said, “Dad, if you were just starting out, like me, and you wanted to get into real estate, what would you do?”

What a great question, and I really had to think about it before answering. What I told him is not original with me. These ideas have been expressed much better by other authors before now, but since the essence of creativity is selective borrowing, here is the advice I gave him.

I said the first thing I would do is become an expert in my target market.

“How long will it take?” he asked.

Ah, young man, always in such a hurry.

“Depends on how much time each week you can spare,” I replied, giving him another of the vague answers he’s become accustomed to.

Predictably, he groaned.

I went on to explain that if he really committed to following my advice, and if he committed to a minimum of 15 hours each week, he should be proficient and confident in about 3 months, which doesn’t seem like that long. . The key is to look at tons of houses and ask tons of questions of the right people.

I told him that if he was just starting out, he would also find the right real estate agent to work with. The right real estate agent will be able to put you in touch with a wealth of opportunities that you can’t find on your own and provide you with a list of foreclosures and vacant properties to look at every day.”

“What would you do next?” he asked.

I said I would work on building a buyer list while learning my market.

“How would you do that?”

“I found and joined my local REIA (Real Estate Investors Association) group and attended all the meetings. If my area didn’t have a REIA group, I would start one. This is the place to start finding, meet and network. with people in your area who are investing in property. You would also read the newspaper classified ads for “Buy Homes” or “Buy Property” ads. These people are active buyers and should be added on your buyer list. Your goal is to have as long a buyer list as possible, at least 50-100 names depending on the size of your area.”

“Because?” he asked me

“I’ll explain in a minute.” i said

He rolled his eyes. Talking to your child is like talking to a nuclear physicist: every time you try to impress them with your knowledge, they make you feel like they can’t believe how long it took you to come to your childish conclusions.

I continued, determined to give my son the advice he was looking for.

“Next,” I said, “Armed with a deep knowledge of my market area and my list of active buyers, I would start making low offers on every foreclosure and vacant property I looked at.”

“Each one?” I saw the doubt in his eyes.

“Well, close to all of them. Every house where your confidence level allows you to make an offer.” I saw the next question coming.

“What do you mean by that?” he asked. So predictable.

“What I mean,” I continued, “is that the knowledge of the market you acquire during your market research will give you a certain level of confidence. The more knowledge you have, the more confidence you’ll build. When you first start bidding there time. There will be many properties that appear to be beyond your skill level, and if they seem to be, they probably are. You simply won’t have enough confidence to bid on those properties.

“As time goes by, though, and your knowledge grows, so will your confidence. Then those properties that intimidated you at first will become less terrifying. Instead of seeing dangers, you’ll see opportunities. Don’t t “You don’t stress about it, because it’s a natural progression. As you spend time learning your craft, knowledge will come, and so will confidence. One follows the other like summer follows spring.”

My son then asked, “But how do you determine how much to offer?”

I proceeded to explain to him my method of determining the proper amount to offer. See my article titled “Real Estate Investing: Is There a Magic Rule?”

“Got it,” my son said, nodding his head knowingly. “What comes next?”

“Okay,” I said. “What happens next is that most of your offers are rejected outright, some might be countered, and one in twenty to fifty will be accepted.”

“That’s all?” he asked, perplexed.

“That’s all, but it’s okay,” I said. You can’t handle a whole bunch at once right at the start anyway. One or two are enough to get you started. What you do next is very important.”

“What is this?” my son asked.

“Start marketing your silly boss.” I answered “You know that list of buyers you’ve been developing? Call each one of them and tell them what a great deal you have and see who’s interested. Put ads in the paper, signs on the property, signs anywhere. in the neighborhood with you can get away. Create a flyer to pass to your REIA meeting. Sell, sell, sell is the name of the game. Whatever it takes, find a buyer for this property BEFORE you close and take possession .”

“What about the title and all the legal stuff you have to do when you buy a house?” he asked. He’s smarter than I give him credit for.

“This is just mechanics, and I can teach you mechanics as you go through each chord. We’re talking strategy here. If you get that strategy, you can learn the mechanics.

“Okay,” he said, “how can I make money?” A very astute question.

“Simple: Just like you make money on any product you sell. You sell it for more than you paid for it. For example, let’s say you get a house under contract for $40,000 that you’ve previously determined is worth after repair (ARV). ) of $97,000 and needs about $12,000 in repairs. If I were you, I’d try to find a buyer between $48,000 and $53,000. That way, your buyer would still have room to make their repairs and make a net profit, and you’d come away with about $5,000 to $8,000 after taxes and fees.”

“Cups and taxes?” my son asked. A rude awakening.

“Yes, paid to your attorney, real estate agent, title company, and government. Of course, you can do a simultaneous closing, and there are other ways to eliminate some or all of these fees, like making the your bids in the name of an LLC and then sell the LLC instead of the property, but again we are talking about mechanics, and that is the subject of another discussion.” (And another article)

“How much would it be reasonable to earn doing this full time?” he asked. A light on.

“There’s no reason why a full-time wholesaler (wholesale is really what we’re talking about here) can’t make $5,000 to $10,000 a month, or more. Not at first, of course, but after a few months or a year of consistent. effort, the sky’s the limit.”

“Wow,” said my son, “I never thought of it that way before. I never quite understood what wholesaling was all about. I think I could do it.”

I think he might too. That’s why you can too. In fact, what is stopping you?

Now go make more deals!