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  • The MASSIVE Tether Ticking Time BOMB

    The MASSIVE Tether Ticking Time BOMB

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    Published on Jan 28, 2018

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    Tether is a cryptocurrency designed to be pegged to the USD in a 1-to-1 ratio. Doubts about whether or not this is true have been floating around for months now, but Tether mostly left the news cycle since the $30m hack back in November. However, it’s back in full force now as their relationship with their auditor recently dissolved. Is this the end for Tether? Steemit Post: https://steemit.com/cryptocurrency/@c… Nobody knows, and the reality is that establishing a time-line of such an event is near impossible. However, what we do know is that Tether has been increasing the rate at which they print money. Most of the crypto community is cautious about it even if they use it, suggestings its public perception isn’t the highest. They’ve have many issues with banking – What do you think the odds are that serious individuals and businesses have increasing demand for Tether which matches the rate at which they are being created? Even if Tether ISN’T a scam though, they have massive regulatory risk. The primary function of Tether is to bypass regulations and capital controls that exchanges face with using the real USD or other fiat currencies. As they grow larger and larger, Tether will paint a bigger and bigger target on their heads and eventually the US government or another government will likely take action against them. However, I still suspect Tether is a scam either way as it looks and behaves like one. When Tether retailiates against the accusations made against them by Bitfinexed, they sound like children rather than professionals (a characteristic I have seen as particularly common in the crypto space). The dissolvement of their relationship with their auditor suggests the auditor found details that Tether wasn’t comfortable with revealing. If it looks like a duck, acts like a duck, walks like a duck and quacks like a duck, it’s probably a duck. It is highly probable Tether is a scam and if it is well interconnected with Bitfinex as many suspect, then this poses a huge systemic and systematic risk to cryptocurrencies as a whole. Keep a close eye and be cautious. Thanks for watching / reading! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me – everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn’t bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It’s a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12… If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth…
    1,147 Comments
    Crypto InvestorPinned by Crypto Investor

    In the words of one of the most inspirational men I’ve ever heard: DATSA SCAAAM!!! End of video includes why I’ve been absent recently. Come interact with me on Steemit: steemit.com/cryptocurrency/@cryptovestor/the-massive-tether-ticking-time-bomb. Also will TRY posting once a day on Twitter just so I don’t disappear from social media entirely during times like these: twitter.com/Truth_Investor.

    View all 25 replies
    Viral Killer
    Tetherconnect!!! wasa wasa wasa wasa
    View all 4 replies
    ChelseaLifts
    Been telling everyone this for a long time and just getting angry FUD remarks in return…
    View all 9 replies
    Erick Alden

    Even if it really was pegged to USD on 1:1 ratio, that would still make it rampantly inflationary. lol

    Smart Crypto Trader Club

    Tether is like paper money backed up by Words only ?

    View all 9 replies
    Chinonso Charles

     

    I clicked this video with the speed of light

     

    Sam E

    If I could short tether I would 100%

     

     

    View all 6 replies
    Smart Crypto Trader Club

     

    That’s why Bitcoin Price in USDT is Going Crazy ?

    Sutekh's Crypto

    Tether is great when there is a flash crash or huge Bitcoin selloff as a place holder. Idk why anyone would actually HODL Tether though doesn’t make sense. It’s not a “store” to me, as you say. But a simple escrow medium.

    View reply
    Benji's Boxing Channel

     

    Good video. Never bought Tether never will.

    Mr Omar
    Tether is not a scam, bitfinex have enough money to back it enough at least at a higher ratio than the fractional reserve. Yes most likely the ratio is not 1:1. But it probably is higher than 1:10. The only way Tether will collapse is if everyone decide to get their money out at the same time, now here’s the thing, you’re fine with having fiat instead of USDT, yet fiat has the same issue but worse, and actually, we had historical cases where run up to the banks made the economy collapse, several times. Yes I know, Fiat is not comparable to USDT, but I’m talking about the argument, if not having 1:1 ratio is a scam, then most fiats are giganstic scams. Here is the scoop, american banks have been practicing even lower ratio than the permitted 1:10 fractional reserve, they have used up to 1:100… Now since we shouldn’t compare the real worlds versus crypto markets, let’s talk about crypto. Do you know another threat that is being ignored by people who feel confident with their fiat on coinbase and such, ever thought about what would happen if the same scenario you portray for tether (massive fund transfer) would happen to fiat exchanges? Do you think Kraken has the funds to make every crypto millionaire an actual millionaire? Do you think coinbase and kraken have billions in funds when everyone decide to cash out at the same time? People paid a neo for a 10 USD equivalent (BTC) on Kraken, do you think Kraken has enough money to allow the same guy to cash out for 150, 15x time what Kraken actually received in fiat? Now think that through when you think your BTC or Coinbase account will allow you to cash out when there is a crisis. Tether is in the same situation as banks or crypto fiat exchanges, if one of them fall, it will be for the reason I explained, and there is no reason to think either of these three is safer than the other if that was to happen.
    View all 6 replies
    nep808
    This video provided not a single argument besides ” I think it’s scam “

    View all 7 replies

    DLC 5 Confirmed
    Our Satoshi, who art in Heaven. Bitcoin be thy name. Your miners come. Your blockchain be done, in Altcoins as it is in Ethereum. Give us our Lambos and daily bull runs and forgive us our Fud, as we forgive those who panic sell against us. And lead us not into Fomo but deliver us from Fiat. For Crypto is the Kingdom and the Power. Forever and Ever Amen ETH 0xac44b180de72e506bf33dafb17d30620bd4cc345 BTC 1F73u4V8t6h6Lpc58MfacMFSDgpCzGRKje LTC LY4vuJ2uwZDxPTiksVGJjWpUZ8rnTcWZCT
    View all 2 replies
    dalloll
    WOW. Reading the comments is like a deja vu. I watched his bitconnect video and majority of the comment back then were about how he doesn’t know jack shit and that he does’t prove anything. I went back to that same video and watched the comment all over again. I will do the same when tether’s shit hits the fan I will probably get popcorn or some shit. some people are thick in the brain. lol

    REPLY

    gotnokittys
    You are too negative. As a way of moving fiat into crypto Tether is excellent. As long as my $ for $ is honored buying crypto to trade with who cares? It’s no more insecure than any mined crypto. Think deeper. Just who’s getting scammed? When I use them to buy crypto I not longer have them, and now hold assets made of digital algorythums. No security issues there! Not backed by anything. At least it was paid for with (printed unbacked) dollars. The gubmint has had unbacked digital dollars for years. Not every serial number group has an actual set of $100 bills printed.
    REPLYView all 6 replies
    Crypto Investor English 4KMINING

    That’s a great video, but I would appreciate more facts and less “ducktales”.

    REPLY

    Thomas Shellberg

    Why you got Tai Lopez ads before your vids

    Most exchanges don’t have fiat. Therefore you need Tether as a safe harbour when the market goes into crash mode.
    View all 2 replies
    Alex Smith
    The only coin that has volume higher than market cap is Tether. There is real demand for it, and a lot of people are using it. Check coinmarketcap.com If you want to call it a scam/time-bomb/fraud and all that shit, then please provide evidence. Otherwise, you are just another parrot of FUD articles. I’m not saying that Tether is 100% legit, but you are acting as if it is 100% fraud (or that it will 100% fall) when you don’t have a single evidence to back that up. Compare its volume in October to November to December 2017 to January 2018.. The volume is growing in all exchanges, the demand for Tether is growing, so it does make sense that its having all this “tether printing”
    Show less
    View all 3 replies
    Bit By Bit
    Regarding Tether, so many people are calling it a scam. I think it is a bit overdramatic to call it scam. Bitconnect is a scam, it was created so they eventually could exit scam. I think tether is a way for exchanges to bypass regulations, to allow smooth transfer from crypto to “fiat”. It is not exactly a scam, exchanges just want that functionality. Whether is it sustainable is however very questionable.

    xxxGpakos

    Bitconnect guy: ITS A SCAMM XDDDDDDD

    CherryArmada
    Based on this video I’d say you don’t really know what you’re talking about. Sound like one of those know it all dudes who love the sound of their own voice.
    Christopher St.Louis
    Dude. The coin market cap is over 500 billion. Bitfinex is 1.2B and tether is a couple billion. That shouldn’t shake the market man.

    That’s why USDT is paired with six crypto coins in Binance for example. The pairings include BTC, LTC, ETH, etc. You never convert Fiat currency to USDT directly. That’s why it isn’t illegal. Delusional dude.

    EPLY

    3Travis van der Font

    Couldn’t agree more! I’ve said the same thing since the beginning, and truly, I don’t even understand how this “currency” is still being used by people. Thank you for this video. SPREAD!

    Bill Addison

    Tether have updated their terms and conditions to make them legally bound to issue dollars for Tether for legally verified Tether customers. Presumably Tether-based exchanges like Bittrex are such customers? As the biggest exchange in the world, and apparent owner of Tether, one would think Bitfinex have the funds to back Tether, whether it’s 2 billion or 10 billion, they’re a highly profitable company as per any major crypto exchange currently. If you consider they’re funding Tether to other major Tether-based exchanges like possibly Bittrex, Binance etc. then 100 million dollars isn’t such a large issuance. Of course, I’m just as concerned as everyone else and if this comes to a head, it will be devastating to the market.
    Show less
    I don’t see the ticking bomb. iFinex always had issues with traditional banking and regulations. Tether particularly is on a grey zone, but it’s needed in the crypto space. The auditing problems are related as well to regulations and the issues that financial innovation brings to auditing. Also, some people claim that Tether is running a “fractional reserve” system. If you understand that a fractional reserve system is any system that doesn’t hold instant 100% liquidity, it’s obvious that Tether is doing “fractional reserve”. That’s finance 101. The important aspect is not that, it’s about how liquid their reserves are. Most probably, Tether is using their funds for financing margin positions in BFX and maybe providing credit facilities to other exchanges. As long as they hold a good amount of instant liquidity and financing is short term (in BFX is 2 to 30days, that’s considered “cash equivalent” in classic accounting) they are fine.
    Oldřich Peslar
    Wow. You managed to spend 15 minutes arguing it is a scam yet you did not explain WHY! OMG

    View all 12 replies

    My question to you Crypto Investor do you really understand Tether? If not how can you opine on Tether with credence? Well you can’t treat credence as if it were ipso facto truth. Doing so is nothing but FUD. All your BS is:  I think I think I think mixed with hyperbole.  Did you check some of the sources behind the Tether nonsense? Joe Carey (The Daily Express) on the 28th published a scathe on Tether and a possible Crypto collapse citing an “ANONYMOUS ANALYST”  hahahahahahaha MEDIA BIAS/FACT CHECK says The Daily Express is biased to conservative right wing ideals and uses wording that attempts to influence an audience by using appeal to emotion or stereotypes. Publish misleading  reports and omit reporting of information that may damage conservative causes. Some sources in this category may be untrustworthy.
    View all 3 replies
    mqwer sadgfa
    Man people always need a resource for fud i think. Once they are out of news, they put tether on the table. Anyone who knows economics, knows, that 2bn tether in a growing 600bn+ market, is far away from being a bomb. In the long run, yes i agree.
    View all 7 replies
    Mehr Licht
    I don’t get it. Isn’t Tether just a debit payment provider, just with the difference that a customer has access to his fiat assets via a crypto-token? Why do you always mention Bitfinex? They have only 3% of the Tether volume. And why should a $2B token have any effect on a $600B market?
    View all 11 replies

    Jake McLeod
    This guy did not even explain the fucking issue. You can tell he does not completely understand the situation because he is dissapointed in bitfinex for using tether, YET THE SAME PEOPLE THAT OWN TETHER ALSO OWN BITFINEX
    REPLY
    Red Pill
    The USD isn’t back by anything.
    View all 7 replies
    Jose Duarte
    You again and again prove to me you know what you talk about… YOU, yes, YOU saved me, in December I had 4 friends that did show mw how much they were making in Bitconnect, and I was all ready to get in, I even register and all, but then I decided to watch videos, so many nice videos about, but then I saw your talking about why you did think it was not a good idea… after a short while we all know what happened. There is so many people talking about crypto, and I am totally new, and one f them , did make a good point about having Tether, but then I saw this video and I did listen to you, as I did remember what you spoke about Bitconnect, so I did NOT buy tether… man, TWICE you saved me, you that never met me, made me stop and think about it, nowI trust you even more. Sure what I have to invest it is peanuts for most of the people, but it is a lot for me, and I really want to say thanks to you.

    Perma Bull

    I think it’s FUD. Surely all of those exchanges using USDT bought the USDT for USD. That’s where the 2bil came from.
    View all 2 replies
    Ben Smith
    Ben Smith2 days ago
    I disagree. If Tether is backed by Bitfinex, which at its lowest has a $1 billion trading volume per day – $2 million min revenue a day, Tether might just be a liquid and solvent company. Yes, they have probably taken a knock recently and do not have the cash reserves to give every single Tether holder their USD, but I don’t think their liabilities overshadow their assets, which makes it a safe investment if regulation is not taken into account – But regulation counts for all cryptos.

  • From Bitcoin To Hashgraph: The Crypto Revolution – Hidden Secrets Of Money Ep 8 – Mike Maloney

    From Bitcoin To Hashgraph: The Crypto Revolution – Hidden Secrets Of Money Ep 8 – Mike Maloney

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    Published on Dec 18, 2017

    Bonus Features: http://www.hiddensecretsofmoney.com Today, mankind stands at a crossroads, and the path that humanity chooses may have a greater impact on our freedom and prosperity than any event in history. In 2008 a new technology was introduced that is so important that its destiny, and the destiny of mankind are inextricably linked. It is so powerful that if captured and controlled, it could enslave all of humanity. But if allowed to remain free and flourish – it could foster unimaginable levels of peace and prosperity. It has the power to replace all financial systems globally, to supplant ninety percent of Wall St, and to provide some functions of government. It has no agenda. It’s always fair and impartial. It can not be manipulated, subverted, corrupted or cheated. And – it inverts the power structure and places control of one’s destiny in the hands of the individual. In the future, when we look back at the 2.6 million-year timeline of human development and the major turning points that led to modern civilization – the creation of farming, the domestication of animals, the invention of the wheel, the harnessing of electricity and the splitting of the atom – the sixty year development of computers, the internet and this new technology will be looked upon as a single event…a turning point that will change the course of human history. It’s called Full Consensus Distibuted Ledger Technology, and so far its major use has been for cryptocurrencies such as Bitcoin….but its potential goes far, far beyond that. The Crypto Revolution: From Bitcoin to Hashgraph is our latest episode of Hidden Secrets of Money. It’s about the evolution of cryptocurrencies and full consensus distributed ledger technology, and how they will change our world. I believe that this video is by far the easiest way for the average person to gain an understanding of what cryptocurrencies are and how they work, but more importantly, the immense power of full consensus distributed ledger technology and the impact it will have on our daily lives. I have an absolute passion for monetary history and economics, and I love teaching them. Cryptocurrencies are our future, and there is no escaping it… this is the way everything will be done from now on. But, we now stand at a crucial turning point in history. Full consensus ledgers such as Blockchain and Hashgraph have the power to enslave us, or free us… it all depends on how we choose to use them. If we choose to support centralized versions issued by governments and the financial sector we will be granting them more control over our daily lives. Politicians and bureaucrats will be able raise taxes instantly, whenever they want, on every dollar you make as you make them, and every dollar you spend as you spend them. If they think the economy needs stimulating they’ll be able to enforce huge negative interest rates, effectively punishing you for not spending everything you earn before you earn it. They’ll be able to decide where you can go and where you can’t, what you can buy and what you can’t, and what you can do and whatever they decide you can’t do… and if they don’t like you, they can just disconnect you from the monetary system. So, will the monetary system become fully distributed and help to free mankind, or will it be centralized and enslave us? The choice is in front of us right now, and our decisions will create our future. I believe that this will be a binary outcome, there is no middle ground, it will either be one future or the other. The question is, will it be the future we want? Or the future they want? I’m a precious metals dealer and one thing I’ve learned is that gold, silver, and now free market decentralized cryptocurrencies, represent freedom. Because of this knowledge I started investing in crypto currencies long ago and also became one of the first precious metals dealers to accept bitcoin as payment for gold and silver. I would really appreciate it if you could share this video with everyone you know. I think it’s very important that as many people as possible find out about the changes to the global monetary system that are happening right now… nothing will affect us more, and everyone’s future depends on it. Thanks, Mike If you enjoyed watching this video, be sure to pick up a free copy of Mike’s bestselling book, Guide to Investing in Gold & Silver: https://goldsilver.com/buy-online/inv… (Want to contribute closed captions in your language for our videos? Visit this link: http://www.youtube.com/timedtext_cs_p…)

     

  • Hashgraph vs. Blockchain Is the end of Bitcoin and Ethereum near?

    Bitcoin emerged in 2008, and presented the world with a digital currency that was based upon a groundbreaking blockchain technology that utilized a distributed ledger system. This helped produce a new monetary system that did away with centralized control and helped moved the world towards the adoption of trustless technologies. Despite still being under 10 years old, the blockchain system that Bitcoin uses may already be extinct due to the development of Hashgraph technology.

    What is Hashgraph?

    Hashgraph is a new approach that greatly differs to other interpretations of the distributed consensus and looks to provide an upgrade to the current systems of distributed ledger technology (DLT). Hashgraph can resolve today’s scaling and security issues, while also pushing the use of distributed consensus applications into new areas.

    Essentially, Hashgraph is a data structure and consensus algorithm that is faster, fairer, and more secure than blockchain. It uses two special techniques in order to outperform the blockchain. These include:

    • Gossip about Gossip
    • Virtual Voting

    Gossip about Gossip involves attaching a small additional amount of information to a pair of hashes (Gossip) that contain the last two people talked to. By doing this, a Hashgraph can be built and updated whenever additional information is gossiped, on each node.

    When the Hashgraph is ready, we are also aware of the information that each node has and exactly when they knew it. As a result, it becomes straightforward to know how a node would vote and this data can be used as an input to the voting algorithm and to find whichever transactions have reached consensus quickly.

    Hashgraph vs Blockchain

    Blockchain technology operates as reliable digital ledger that can be used to record financial transactions, ownership, and almost everything of value. Any information held on a blockchain is shared across its existing network and is consistently updated and also incorruptible. This system ensures that data is not stored in any individual location, and that the blockchain cannot be controlled by any single entity.

    Consensus technologies have generally been put into the following two categories:

    • Public networks such as Bitcoin and Ethereum.
    • Private networks using leader based consensus algorithms.

    As we have seen with Bitcoin, public networks can be expensive to run and have a number of efficiency issues tied to the Proof of Work mechanism. Private networks are more cost efficient and boast higher performance capabilities as they restrict usage to known and trusted participants. However, these networks are susceptible to DDos attacks whenever security standards are not maintained.

    Hashgraph is proven to be fully asynchronous Byzantine. This means it makes no assumptions about how fast messages are passed over the internet and this makes it resilient against DDoS attacks, botnets, and firewalls.

    The Hashgraph algorithm works without needing to use the Proof of Work or Leader systems, and can also deliver low-costs and high performance levels without a single point of failure. Hashgraph does away with the need for extensive computation and energy consumption and improves on the performance statistics of the Bitcoin network. Bitcoin operates at a maximum of 7 transactions per second. While Hashgraph is only limited in relation to bandwidth and allows for over 250,000 transactions per second.

    In addition to this, Hashgraph also allows more a fairer system of operations as currently, miners can choose the order for which transactions occur in a block, and can even delay orders by moving them into future blocks, or even stop them from entering the system if necessary. Hashgraph utilizes consensus time stamping and prevents any individual from changing the consensus order of transactions by denying the ability to manipulate the order of transactions.

    Despite its obvious benefits, Hashgraph has some way to go before it can boast of the network effects enjoyed by both Bitcoin and Ethereum. However, in the ever evolving world of blockchain technology it seems we are on the cusp of the next stage of evolution.

    Source: coincodex

  • Hashgraph vs. Blockchain, which one will be the future of decentralised networks

    Hashgraph vs. Blockchain, which one will be the future of decentralised networks

    WEBSITE – http://montecrypto.net INSTAGRAM – https://www.instagram.com/montecryptonet TWITTER – https://twitter.com/MonteCryptoNet PATREON – https://patreon.com/MonteCryptoNet DISCLAIMER: All content on this website is for educational and informative purposes only. My intention is to share my personal opinion on particular coins with fellow investors. Under NO circumstances does this information represent a recommendation for you to buy or sell crypto currencies.

     

  • What is HashGraph and is it replacing Blockchain? Programmer explains

    What is HashGraph and is it replacing Blockchain? Programmer explains

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    Published on Jan 5, 2018

     

    HashGraph has gotten a lot of attention recently due to their big promises when it comes to transaction speed and architecture of the nework. In this video we talk about how HashGraph works, explain HashGraph and discuss their motivation and reasoning. Thanks for watching guys ? ? Join my online academy https://academy.ivanontech.com ? If you would like me to speak at your conference, book me here: https://ivanontech.com ? Join the crypto discussion forum – https://thecrypto.pub ? Get my free e-book on Bitcoin and Blockchain – http://eepurl.com/c0hyc9 you will receive the book in your inbox once you sign up ???Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 ? Buy cryptocurrencies: https://www.coinbase.com/join/529bab0… ? Secure your Crypto with Hardware Wallets: Ledger: https://www.ledgerwallet.com/r/4607 Trezor: https://trezor.io/?a=rvj3rqtje3ph DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make. Ivan on Tech by Ivan Liljeqvist

     

  • What is Hashgraph and how will it replace The Blockchain

    What is Hashgraph and how will it replace The Blockchain

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    Published on Oct 6, 2017

    What is Hashgraph?, Homework: __________________________________ Swirlds: http://www.swirlds.com Hashgraph: http://hashgraph.com Sammantics’ More Detailed But Understandable Hashgraph Blog: http://sammantics.com/blog/2016/7/27/… Whitepapers:http://www.swirlds.com/whitepapers/ SDK Download: http://www.swirlds.com/download/ Hashgraph Youtube: https://www.youtube.com/channel/UCIhE… Join the Telegram group to ask questions and stay updated: https://t.me/hashgraph BLOGS _______________________________ “Swirlds Raises $3M Seed Round to …” – http://www.the-blockchain.com/2017/09… “Swirlds Seeks End to Financial Attacks…” – https://www.securitynow.com/author.as… “Distributed ledger start-up catches eye of credit unions…” – http://www.zdnet.com/article/distribu… ———–?? -??-? — SOCIAL MEDIA — ?-?? -?? ———- Website: https://www.londonstax.com Facebook: https://www.facebook.com/londin.stax.3 Twitter : @LondonStaxUK Instagram: @LondonStax ———–?? -??-? — MINE BITCOIN — ?-?? -??———- To get 3% off of your mining contract @ https://www.genesis-mining.com/ please use my code: kOU3Jm ———–?? -??-? — BUY BITCOIN — ?-?? -??———- BUY BTC/LTC/ETH @ Coinbase, here: https://www.coinbase.com/join/591f85c… – Using this link we both get an extra $10 worth of BTC ———–?? -??-? — DONATIONS WELCOME! — ?-?? -??———- ETH/ERC20 TOKENS – 0x6A16A59982b7ca1A7ED267bEcF9199302691a3e0 LISK – 17262468032063061580L BRO – BcTzcdX7ZegXNG7Xq61FfYjNK1Swgm5R19 BTC – 3HLW4ygc8hqrhpo7JsFDesxY7nPAmp8B9e LTC – LhbDbP4pu7bNVHLyVkB23tGd9ng34YeKaH STRAT – ScpLFVBAMfLUQojtH3FQC1GoSjkny4d32d

     

  • How does a blockchain work- Simply Explained

    How does a blockchain work- Simply Explained

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    Published on Nov 13, 2017

    What is a blockchain and how do they work? I’ll explain why blockchains are so special in simple and plain English! ? Want to buy Bitcoin or Ethereum? Buy for $100 and get $10 free (through my affiliate link): https://www.coinbase.com/join/5928452… ? Sources can be found on my website: https://www.savjee.be/videos/simply-e… ? Follow me on Twitter: https://twitter.com/savjee ✏️ Check out my blog: https://www.savjee.be ✉️ Subscribe to newsletter: https://goo.gl/nueDfz ?? Like my Facebook page: https://www.facebook.com/savjee
    COMMENTS
    GraveDiggerIII
    I don’t understand how that makes the the system so secure. If a new block is added by someone, it is automatically sent to all nodes to keep a record. So couldn’t someone tamper with a block and manipulate the network just as easily? What I mean is, why is it so easy to have the ledger updated with legitimate transactions, but supposedly so difficult to update with fraudulent transactions?
    Savjee
    Well, nothing prevents you from sending a tampered block to everyone on the network. But each node that receives your block will validate it and reject it straight away. They can do this because they check every bit of information inside your block. Is the hash correct? is the proof-of-work correct? Are the transactions valid or not? etc…
    Ducoci Green
    That’s if we assume each node source code is identical

  • Blockchain Tutorial Blockchain Explained- Edureka

    Blockchain Tutorial Blockchain Explained- Edureka

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    Published on Jul 31, 2017

    This Edureka Blockchain Tutorial video will give you a complete fundamental understanding regrading Blockchain and Bitcoin. This video helps you to learn following topics: 1. Issues With The Current Banking System. 2. How Bitcoin Can Help Overcome These Issues? 3. Bitcoin Transaction 4. Blockchain To The Rescue 5. Blockchain Concepts 6. Blockchain Features 7. Blockchain Use Case 8. Demo: Banking Use Case Subscribe to our channel to get video updates. Hit the subscribe button above. Website: https://www.edureka.co/blockchain-tra… Facebook: https://www.facebook.com/edurekaIN/ Twitter: https://twitter.com/edurekain LinkedIn: https://www.linkedin.com/company/edureka #Blockchain #Blockchaintutorial #Blockchainonlinetraining #Blockchainforbeginners How it Works? 1. This is a 4 Week Instructor led Online Course, 20 hours of assignment and 20 hours of project work 2. We have a 24×7 One-on-One LIVE Technical Support to help you with any problems you might face or any clarifications you may require during the course. 3. At the end of the training you will be working on a real time project for which we will provide you a Grade and a Verifiable Certificate! – – – – – – – – – – – – – – – – – About the Course Edureka’s Blockchain Course is designed to introduce you to the concept of Blockchain and explain the fundamentals of blockchain and bitcoin. Blockchain course will provide an overview of the structure and mechanism of blockchain. As a beginner, you will be learning the importance of consensus in transactions, how transactions are stored on blockchain, history of bitcoin and how to use bitcoin. Furthermore, you will be taught about the Ethereum platform and its programming language. You will setup your own private blockchain environment using Ethereum. Also, you will develop a smart contract on private Ethereum blockchain and will be deploying the contract from web and console. The course is fed with various use-cases and examples, which makes the learning more interesting. After completing this Course, you should be able to: 1. Comprehend the cryptography and cryptocurrency concepts 2. Encompass the concept of blockchain 3. Understand the importance of blockchain technology 4. Have a deep insight into bitcoin and its network 5. Perceive, how bitcoin transactions are validated by miners 6. Create and use bitcoin account effectively 7. Understand Ethereum blockchain 8. Learn Solidity: Prominent language to develop smart contracts 9. Deploy your private blockchain on web where you can visually see your chains 10. Send transactions between nodes 11. Develop more than one nodes on same blockchain 12. Making your own cryptocurrency 13. Discuss the compelling use-cases of the blockchain 14. Interpret the prospects of blockchain. 15. Assess, how blockchain can improve your business standards. ———————————– Who should go for this course? Anyone having basic programming knowledge and has a zeal to learn new technology can take up the course. Students and professionals aspiring to make a career in the Blockchain technology should opt for the course. ———————————– Why learn Blockchain? Blockchain is a revolutionary technology. It is an ordered back linked-list data structure of blocks of transactions stored in a decentralized peer- to-peer network. It is the underlying infrastructure for bitcoin, a popular cryptocurrency. In near future, many companies will be adopting blockchain technologies for trading publicly. Apart from bitcoin, it can be used for a wide variety of applications such as tracking ownership, digital assets, physical assets, or voting rights. It can also store and run computer code called ‘smart contracts’. However, blockchain is still new and the communities are still exploring the best ways in which it can be used. For more information, please write back to us at sales@edureka.co Call us at US: 1800 275 9730(toll free) or India: +91 88808 62004

     

  • Blockchain Explained- Shai Rubin

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    Published on Jun 8, 2016

    Blockchain explained. Shai Rubin, CTO of Citi Innovation Lab, explains in an easy and simple way the basics of blockchain.
    Comments:
    Molana Rumi
    This frenzy of bitcoin and blockchain is exaggerated and turned into a global casino for the participants. For now that is all . There is not even one practical application of blockchain at work solving or enhancing enterprise applications. And the reason for this is the fact that blockchain is encumber some , slow, utilizing extensive amount of computation and energy to validate block of transactions. Although the concept of getting rid of centralized trusted parties is the key attribute of blockchain technology, the implementation and speed of process is not yet up to par with the needs and demands that are currently solved by centralized trusted parties. Bitcoin thus is only serving as a token of participating in the Ponzi game of global casino it has created. Every newcomer joins in hoping to sell bitcoin to the next guy for a higher price fueling the demand till it implodes and all the late comers hold the bags. Very unhealthy for masses . And it will not serve or solve any of the promises that have been hyped as a blockchain. There are already others that are at work trying to improve or offer alternative to blockchain in the hope of a practical enterprise application that can immediately be put to work to achieve decentralized transactions through consensus theory. One such model is Hashgraph. Problem with Hashgraph though being licensed to one company as a closed source. Hopefully soon it will be an open source or others will come up with similar improved technology making blockchain obsolete. Hashgraph is capable of 250000 transactions per sec, vs. blockchain of 7 transactions per second. Further it is cheaper and will not consume the massive energy blockchain requires. If one indeed cares about the technology must move on past slow turtle of blockchain into new innovations that are going to leave blockchain in the museums as an old archaic innovation that fueled the birth of other innovations that blockchain promised but could not deliver.
    RH Olson
    Prof. Rubin: If I get this right – we’d be replacing banks with miners. The miners with the best super computers “win”. What prevents present day banks from buying the best computers/talent – and continuing on with their business?

     

     

     

  • The Blockchain Explained Simply: TED Talks

    The Blockchain Explained Simply: TED Talks

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    Published on Dec 23, 2016

    YOcoin based on the Ethereum Blockchain is Bitcoin 2.0 This is the Future of Cryptocurrency… Sign up and purchase YOcoin at the secure link below. www.YOcoinEX.org or www.YOcoinUSA.org Feel free to ask any questions Learn more at www.YOcoin.org Facebook- www.Facebook.com/YOcoinUSA/ Instagram- www.Instagram.com/YOcoinUSA/ Twitter- www.Twitter.com/YOcoinUSA
    COMMENTS
    Brendan Keane

    this model replaces the trusted authority with the manager (trusted authority) governing the miner community, though it seems from this presentation that the Mono-authority is replaced by a Multi-cephalic gossip community. The Beta test will be governed ethically to get the system up and running, but once the tipping point is reached, the new beta authority (who owns Bit Coin’s platforms) can assert whatever insidious spy technology he wants to pervert the community of verifiers with dishonest agents. To ignore this problem is to misunderstand the long-term implications of Bit Coin. I think this blaring problem can be overcome, but not if the implicit authority issue of who owns Bit Coin’s platform is cutely ignored.

    Laurier B

    “decentralized” is the key word…he says….paypal is centralized while bitcoin is decentralized ( ie he says )….in a decentralized environment we have a bunch of coin miners ( bitcoin ) who compete to find coins to supply the demand. This is electricity intensive and the best prepared miners generally win out over the less prepared ( consider that McAfee plays this game and Zuckerberg is likely getting into it ). This ( IMO ) is a potential pitfall for crypto currency…why…because it then has become part of a competition between a few elitists who control the crypto environment ( for profit…big profit – much like the current ( conspiracy theory ) bankers who control central banks ). If so…then bitcoin ( even though decentralized ) is just the same old same old. Or it may be a much worst form of currency since no one can escape being wired ( rfid’d ?? ) to fit the crypto currency world where each and every transaction can be followed all the way along to chain from sender to receiver….. What am i missing ???? Don’t jump to the conclusion so quick…mother always said….Rainer maria rilke

     

     

    I found this presentation interesting, also I am wondering if a corrupt gov will be interested in a block-chain voting system, I vote: “they want” so all this said its a new way to cheat ppl into what perhaps a view powerful block-chain controlled PCs dictate , it might be better than what we have now, perhaps we have more problems because now we dont have anybody to blame anymore for results besides the blockchain, which does not answer because ..Block-chain did the right thing..or what

     

    Emmanuel Tah

    Speaker tried to be basic in explaining & that was really good. Sometimes its preferable to keep humour out especially when not good at it. meanwhile the crowd here was so wooden and icy.