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Showing posts from 2018

Bitcoin ABC or Bitcoin SV?

This article was written by Greg Wyche . This does not represent the opinion of Jared Schlar. Bitcoin prices fell significantly on 11/14, as a response to the impending fork by bitcoin cash, according to Brian Kelly [1], CEO and Founder of cryto-investment corporation BKCM LLC. [2] Ars Technica reported a 24 hour decline of over 12% Wednesday. [4] Meanwhile, Roger Ver of Bitcoin ABC alleges that November 3rd, Roger Ver sent him a vitriolic e-mail, expressing his willingness to freeze trading of Bitcoin Cash for 2 years, that he hates Ver and that he would prefer Bitcoin "die" rather than become dominated by Bitcoin ABC. He states that he regards the conflict between SV and ABC as a war and that Ver is his enemy. [3] One wonders if a large 687,000 transaction spike on Aug 1st, described by the BCH stress test team through twitter as proof of BCH's scalability [11] will make an impression that lends confidence to those users who believe that Bitcoin Cash is already c

How Do I Run Ads On Bitcoin Cash With Memopay?

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I recently had to opportunity to speak with TracySpacy, Founder of  Memopay , a new and very unique advertising network built on a the Bitcoin Cash blockchain. This project is a service which allows business to send messages and run ad campaigns targeted directly to BCH users. Intrigued? Read on to learn more about how this could be a game-changer for driving BCH adoption in the long term and for disrupting the way businesses run ads and communicate with their customers. Jared: How did you come up with the idea for memopay? Please provide a bit of background about yourself and your team (if applicable). TracySpacy: Memopay initially started as an extension to the memo.cash social network. It allows people to send funds to any BCH address outside of the memo.cash network (which was not possible before). One day, one of the memopay users from the BCH community asked if there was a way to add a note to the payment. The question made us think that adding a note to payments might

Human-Friendly QR Codes May Drive BCH Adoption: A conversation with QaRT Wallet developer Kim Jinryul

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QaRT Wallet I recently had the opportunity to interview Kim “Randy” Jinyrul, a developer based in South Korea who you may be hearing quite a bit about in the the near future. Randy is quickly making a name for himself in the Bitcoin Cash community with the Beta version of the new QaRT Wallet, a new app that fundamentally changes the way QR codes are used, and increase BCH adoption in the process. Making QR Codes Human QR codes are an incredible innovation. The idea of encoding information and making it quickly and easily scannable goes back decades, to the invention of RFID and barcodes. But just like these older technologies, QR codes have a problem: only a machine capable of scanning and deciphering the code can make any sense of what it means. If you were to look at a QR code right now, would you be able to tell what information it contains without some sort of contextual information or additional explanation? Of course not. Let’s say you got your QR codes mixed up, or

Crypto Market Update 3

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Here is my estimated price target for Bitcoin in the short term ($9,000) - https://www.newsbtc.com/2018/07/29/bitcoin-price-weekly-analysis-btc-usd-could-test-9000/ If you haven’t noticed most cryptos are highly correlated with the movements of Bitcoin right now. So wherever Bitcoin goes, until something changes, I imagine most other cryptos will go. There is an opportunity to margin trade Bitcoin right now. The way it was explained to me is basically, you could buy small cryptos with what is called in equities as high Beta. Or you could just buy a bigger coin with a lower Beta, take on some leverage and goose your returns with lower risk. Keep in mind, margin trading is incredibly risky. This data is thanks to - Sifrdata Some pundits including Tone Vays are still saying that we will be going to $5,000 per Bitcoin before the next full on bull market. Right now, I believe that is false. I think we have a chance to break out and gain some positive momentum right now. I ac

Peak Facebook?

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Now that we have crypto, facebook and other FANG related stocks are less valuable. The private ledgers of these FANG companies don’t provide as much public good as the public blockchains. In the future they will become less relevant. For example, this author describes peak facebook as a result of lower daily active users and monthly active users associated with the countries that generate cash for the company. Interestingly, the United States and Europe provide more revenue than most other regions. https://hackernoon.com/the-one-graph-that-shows-again-that-facebooks-epic-run-has-ended-41d28a13203 Also, note that these FANG companies briefly disallowed ads related to cryptocurrency projects on their platforms. They have since retracted that block, probably because they are desperate for the revenue provided by high growth crypto. In my opinion, investing in crypto is like skiing downhill vs cross country skiing. It’s more fun because gravity is your friend. The world is going

Bitcoin Cash Development Series

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If you've had the opportunity to visit Coin Dance's development page, there’s a lot of creative energy evident. Several concepts are under discussion, six are classified as under development and five are completed. In an effort to raise awareness of the diligent efforts of our fellow BCH enthusiasts, this is the first of a series of articles on development projects relating to either the BCH source code or the manner in which BCH is processed by financial software. In this article, I will highlight four proposed upgrades to the BCH ecosystem in various stages of development. In a later article, I will discuss two additional development proposals in progress, as well as interview some BCH developers about the challenges they face as innovators in this burgeoning and impactful blockchain space. Finally, in a third article, I will describe the 5 development projects described as complete on Coin Dance. The 4 projects I will summarize today are: BUIP078: Enable Binary Contra

Crypto Market Update 2

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I believe the crypto market is going to go down in the short term based on the fact that many ERC-20 tokens could be considered securities. Also, the Ethereum-blockchain size has exceeded 1TB, and yes, it’s an issue. If you couple this with evidence that suggests Ripple’s XRP is a security (based on investor lawsuits), then one could postulate that there is a downward adjustment needed. Here are a few news sources to back up my thoughts: https://www.linkedin.com/pulse/surviving-upcoming-erc20-crash-john-gotts/ https://www.coindesk.com/another-investor-lawsuit-claims-xrp-security/ https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

Should Traditional Finance Surrender To Bitcoin?

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I used to work in the “Bad Finance” industry. And then I left. Why because in my opinion, traditional finance is deeply unconscious. Firms operate solely for the profit motive. Anything that opposes them is something to be destroyed. At the end of college, I started YouBux.com a personal finance portal for young people to help them make better financial decisions that they will live with for the rest of their lives. Interestingly, the verdict from the startup was that people didn’t care enough to make changes. They weren’t in enough pain to make the switch to a more prudent personal financial plan. If I had known about Bitcoin back then, I probably would have focused on it. Today, the movement against traditional finance or what I would call “Bad Finance” is back in full swing. See traditional finance has caused more problems for humanity than it has solved. It has enriched 1/7th of the world at the expense of 6/7ths. To me that doesn’t seem fair. Luckily, now there is an altern

Financial Crisis 2018

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You wake up today and check the news to find out that the stock market has crashed 40% overnight. We haven’t had a financial crisis since 2008. But guess what? Nothing has changed since then. Banks take on the same or more risk than they did back then. There are more derivatives outstanding than ever. The global economy is even more complex. I just checked recently and the 90 day S&P average returns are approximately -12%. Is this the start of something ugly? Many experts think the gains in the stock market have already been taken. This information makes me go full contrarian and buy crypto as a non-toxic asset. It literally acts as a hedge against the fall in traditional asset classes. My personal favorite right now is Bitcoin Cash (BCH) which has outperformed all major crypto coins and tokens recently. What is it going to take for people to jump into crypto? I talk to a lot of Americans and many are unwilling to make the switch to crypto because they haven’t experienced en

How To Increase The Price Of BCH

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Based on 9 years of research and development as a Search Engine Optimization expert, I know (BCH) needs additional marketing to create price stability. I’ve been doing marketing for the Crypto Industry unpaid since 2014 in many forms. BCH is currently at a critical juncture to benefit from price stability. I have the tools to enable more value creation through marketing but I will need larger marketing budgets from you, my readers. If you value the BCH price or general crypto holding prices for that matter, please contribute to my projects to encourage price stability. I have owned Web Marketing LLC, an SEO Agency since 2010. If you need additional proof that I will do as directed, visit my company website: http://www.StrategiesSEO.com/ and my Crypto Blog:  https://www.jaredschlar.com/  I also hold a Finance degree from Northeastern University in Boston. How to contribute to Crypto Projects by Jared Schlar? Vote, Share and Tip my posts on: https://www.yours.org/@jaredsch

Summer 2018 Crypto Markets: Why This Year Could Be Different

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The cryptocurrency market has come roaring back, and if this trend continues, it looks like BTC could be back on its way to 10k in a matter of weeks— a rising tide that will lift other crypto boats. Many who kept the faith during these bearish past few months have pointed out that the cryptocurrency market follows an annual cycle that goes something like this: Things start off strong in January, followed by a significant correction. Bearish trend remains until late spring, giving way to a smaller bullish uptick, followed by a flattening off in the summer months. Starting in September, prices begin to rise again, culminating in a bull market every year in November and December. There are numerous theories as to why this pattern has repeated in recent years, ranging from family discussions of cryptocurrencies at the Thanksgiving table spurring huge November buy-ins across the US, to the Chinese New Year in late winter/early spring, which is associated with sell-offs across Asia by

That’s One Sexy BCH*— Exciting Developments Coming up for Bitcoin Cash

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Bitcoin Cash Upgrade There will be major changes for Bitcoin Cash next month— changes which could solidify its reputation as the fastest, most reliable cryptocurrency for everyday use. While some people (mostly BCH detractors) are labeling this a “hard fork”, the reality is that this is really an upgrade to the BCH network. There is not going to be a new coin created; instead the BCH we know will be replaced by a bigger and better one. Think technological superiority. On May 15th, there will be two big changes: 1) Block size will be increased from 8 MB to 32 MB. As we all know, the issue of scalability has been a consistent problem for cryptocurrencies ever since they first appeared, and in many ways, it is still the primary obstacle that hinders their wider adoption. Quadrupling the block size of BCH will go a long way toward tackling this challenge through an update called Bitcoin Adjustable Blocksize Cap, or “Bitcoin ABC”. Blocks will still confirm with an average of

Why You Should Surrender to Bitcoin Cash (BCH)

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The Bitcoin (BTC) vs Bitcoin Cash (BCH) has been raging since last summer. While BTC continues to get more media attention, things could change very soon (as I’m sitting here typing this, BCH is up 13%). Today I’m going to give you 3 good reasons why you WILL regret ignoring BCH— and, no transaction speed isn’t one of them. Look, it’s already been established that Bitcoin Cash is superior to BTC for use as an everyday currency. The transaction speeds are incomparable, and with the upgrade to 32MB blocks coming in May, it’s only going to get better. There simply is no debate anymore; despite all the hype surrounding the Lightening Network, BTC still has not caught up to BCH in terms of practicality as a digital currency. The transaction speed war is over, and Bitcoin Cash won. Now that we’ve got that out of the way, there are 3 more reasons why you should not be sleeping on BCH: Memo.cash Now this is an interesting one… Memo  is basically a blockchain-based social media pl

Puerto Rico, Taxes, and a Bitcoin Utopia

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It’s tax time, and many Americans are waking up to the harsh reality of the gains on their crypto trades. The process is complicated, confusing, and costly. Everything from bitcoin purchases to airdrops are subject to capital gains tax, and the Internal Revenue Service (IRS) is lighting a fire under holders to collect what is owed. In November , federal regulators ordered Coinbase to release records of users that had more than $20,000 in transactions between 2013-2015, impacting more than 14,000 traders. It is no wonder crypto traders are looking for alternatives. One group of crypto entrepreneurs, led by Brock Pierce of the Bitcoin Foundation, headed to Puerto Rico to escape some of the tax drama of the mainland. Their plan? To build a crypto-utopia. And the process has already begun. Currently, the group, which they’ve named Sol, has already started the process of searching for properties on the island. “The Monastery,” a 20,000 square foot hotel the group has rented o

Telegram and the Future of ICOs

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As regulators worldwide begin to crack down on ICOs, start-ups are becoming more weary of the risks associated with public offerings. In many cases, companies are skirting these regulations with air drops, or the distribution of free tokens, at least for the time being. One of the most notable ICOs that may be skipping its public offering is Telegram . Despite the cancelation rumors, the messaging app already enjoys the position of first ever billion-dollar ICO. EOS also had a big raise. So far, Telegram has already raised over $1.7 billion in private sales, as confirmed by recent SEC filings. "The goal of fundraising is to gain access to capital to allow a team to build a product and company. It appears Telegram has already achieved their goal so there would be no reason to conduct a public sale," explained Anthony Pompliano of Morgan Creek Capital Blockchain. Telegram has remained silent regarding the possible delay or outright cancelation of their public offerin

Is this Bitcoin Rally Just a False Flag?

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The world was taken by surprise this past week when BTC surged above $8000 for the first time in weeks. On 4/12/18, BTC shot up an incredible $1000 in only 30 minutes, one of the fastest price increases ever recorded in such a timeframe. Currently, the price hovers just under 8k, and the crypto space is on fire with speculation that the long bear market is finally over. But are we really out of the woods? Let’s examine what may have caused this recent spike, and determine whether it’s time to pop the champagne and celebrate, or if this all just a mirage before yet another drop. First, what happened on 4/12? There are a couple different theories about what triggered this. In no particular order, they include: Institutional money getting in on the game: world renowned firms like Soros Fund Management have announced this past week that it will begin trading cryptocurrencies, in spite of Soros himself dismissing cryptocurrencies are recently as January. Venrock (the venture ca

The Bitcoin Chain Death Cycle In 2018

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Chain Death Cryptocurrencies have struggled to gain their footing in 2018 following a barrage of regulatory concerns, hacks, and high-profile scams. While many headlines suggest that this is the beginning of the end for cryptos, the tremendous amount of institutional wealth flowing into the space suggests otherwise. It may get much worse though, before it gets better. Still, it is important for any investor to recognize the hurdles ahead. Many cryptocurrencies, including King Bitcoin, still face blockchain destroying vulnerabilities. While the recent additions of the Lightning Network and SegWit removed some of the most daunting concerns of a potential ‘Chain Death,’ the threat still exists, and it’s more than just Bitcoin at risk. Bitcoin vs. Bitcoin Cash Last year’s Chain Death Spiral fears stemmed from the battle between Bitcoin and the Bitcoin Cash hard fork / airdrop. Following the August fork, miners migrated between the two coins, testing the profitability of each.

Crypto Trading Terms

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Here is a great infographic by  https://cryptojh.com/ . They have left out FA - Fundamental Analysis but otherwise its a very nice list. Enjoy!

Why America Can’t Regulate Bitcoin Review

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I recently read an article titled “Why America Can’t Regulate Bitcoin”. It literally blew my mind. I will provide a brief summary of the contents but the reader should read the entire article to understand just how accurate the author is - https://twitter.com/Beautyon_ and how much diligence and research into case law was performed. Basically, the reason you can’t regulate Bitcoin is because it is hexadecimal code which is just text. This code and the blockchain can be printed on paper, if desired. The text is protected by Freedom of Speech in the US Constitution. In order to regulate Bitcoin you have to remove the First Amendment. This article references case law which was proven in courts in the United States that Bitcoin is not money and judges had to throw out money laundering cases using Bitcoin because it’s not money. At some point soon we may see exchanges denominate Bitcoin as zero dollars since it is not money. Read the full article here - https://hackernoon.com/w

Vinny Called The Crypto Bottom

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Vinny Lingham called the crypto bottom - https://twitter.com/VinnyLingham/status/975381719238004737 In my opinion the bear market is largely over. In a near future article, I will write about my new positions, including 2 new positions I took today. Bitcoin bull Tom Lee says alt-coin bear market largely over. You can read the article on Bloomberg now - https://www.bloomberg.com/news/articles/2018-03-20/bitcoin-bull-tom-lee-says-alt-coin-bear-market-is-largely-over I think things are going to start getting very exciting in Crypto Valley very soon! Stay tuned!

Crypto Market Update

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In my best estimate, the price of Bitcoin (BTC) is going down in the short term. Some traders online are saying that the BTC price will hit $8000 once again. I’m waiting for more deals to appear before making new moves. Some facts that are true regarding crypto right now are that social media companies are censoring posts related to crypto. As I mentioned in a previous post, some of the 2017 crypto growth is attributed to social media related to crypto. If censorship by major media continues, it will be harder to educate new users about crypto using these channels and onboard them. Another major marketing point which attracts new users is increases in the price of cryptocurrencies as highlighted by the news. If the price does not move up quickly, then this marketing bullet simply does not work. Also, since Coinbase was forced to stop allowing credit card transactions, new gateways and onramps to crypto have slowed down. If you would like to know my opinion on new value drivers f

What is the Next Value Driver for Crypto in 2018?

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What I'm looking for is the next big driver of value to the crypto markets. In 2017, we had credit cards and social media. What I'm trying to figure out is what will the 2018 killer value app be for crypto? What can we do to increase adoption to the crypto markets? My goal is to find direct ways to contribute. For example, I have a crypto blog which you can read for free. Some drivers of value to Crypto in 2018 include: Working decentralized marketplaces for physical and digital goods to disintermediate from middlemen.  Inter-blockchain communication. Killer deployment tools.  (DEX) Decentralized Exchanges. I've used https://token.store and it works wonderfully for ETH tokens. The UI is quite intuitive. The exchange doesn't hold your private key.  More gateways (on ramps). More smart contracts on Ethereum and other networks.  Please add any additional ideas to this list by tweeting me. https://twitter.com/jaredsc Thank you.

Ripple vs XRP - Explained

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Hacker Noon wrote an excellent article about the differences between Ripple and XRP in a January article. It looks to clear up the misinformation and fake news regarding this coin. I personally learned a lot just by reading this one article and feel I'm a lot more educated on the subject now. One snippet is that apparently Ripple and XRP are not the same thing. Ripple is the company and XRP is one of the multiple product offerings they offer. Banks don't use XRP. They use the Ripple software. Before you invest in XRP, it is recommended that you read this article. https://hackernoon.com/4-alarming-reasons-ripple-might-not-be-what-you-think-9debc3c86985

What Is My Bitcoin Net Worth?

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There is an ongoing debate about Bitcoin and its utility value. The answer to the question “What is my Bitcoin net worth” is ZERO because I don’t own Bitcoin (BTC). I’m a big proponent for Bitcoin Cash (BCH). If you like friction, buy Bitcoin (BTC). Google “Bitcoin High Fee Coin” and you will get tons of information. There is not enough time for that discussion in this article. Also, view this link for a great comparison of Bitcoin Legacy vs Bitcoin Cash: https://www.yours.org/content/two-videos-anyone-interested-in-bitcoin-and-bitcoin-d0377afd806a I like Bitcoin Cash (BCH) and EOS (EOS) because I believe they enable freedom, equality and world peace. Although today BCH may not have as many network effects as Bitcoin (BTC), it is growing fast in all regards. Not to mention Dr. Craig Wright has publicly stated that Bitcoin Cash is patenting everything. In a perfect open world, patents may not be ideal but if it is nChain that owns the patents versus a big bank, I sleep well kno