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The best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.
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Hendrith Vanlon Smith Jr.
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Ethereum, or some other Cryptocurrency is going to be the global standard of payment. It’ll be of greater value than national fiat.
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Hendrith Vanlon Smith Jr.
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Everything to do with cryptocurrencies and blockchains is the domain of fast-talking conmen. If anyone tries to sell you on either, kick them in the nuts and run.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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There are enough resources in the world for everyone to experience some variable degree of wealth. And from a spiritual perspective, there are no limitations, only abundance.
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Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
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Proponents of Austrian economics include the fringe economics blog Zero Hedge, which has confidently predicted two hundred of the last two recessions
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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Cryptocurrency and Blockchain technology offer a lot of potential with investing.
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Hendrith Vanlon Smith Jr.
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The inventors of JavaScript never intended for someone to build Gmail, or Facebook or Bitcoin wallets on top of it. We don’t know what people will build on top of Ethereum, but the idea is that they will be decentralized and unstoppable applications.
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Camila Russo (The Infinite Machine)
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Computer programmers are highly susceptible to the just world fallacy (that their economic good fortune is the product of virtue rather than circumstance) and the fallacy of transferable expertise (that being competent in one field means they’re competent in others).
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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Being valuable is the start. But a good business also has to communicate its value to its customers and those customers have to also voluntarily be in agreement with that value. If the customers perceive the value, and determine that the value they obtain from your businesses products or services is greater than the value of the dollars, Renminbi or ETH they have in their wallet… then they will pay for what your business is selling. If not, they won’t.
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Hendrith Vanlon Smith Jr.
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The Central Bank of The Bahamas and the Bahamian people are leading the world in the normalization of digital currency and Blockchain technology as ways to build speed, liquidity, access, efficiency and security into payments.
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Hendrith Vanlon Smith Jr.
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Investing at large scales is where the greatest impact happens. When we’re investing with billions of dollars or trillions of dollars, it’s easier to effect whole systems and implement society-scale results more rapidly and with more efficiency.
When you have big objectives, you need big money. We have big objectives at Mayflower-Plymouth and we have a lot of good things to do in the world that’s going to help a lot of people, so we need to be working with big numbers.
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Hendrith Vanlon Smith Jr.
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It's not about Bitcoin or Ethereum or NFT's... These things have merely shown us what's possible. But the real value is in Cryptography, Blockchain Technology, Cryptocurrency and Smart Contracts - these are the things with the real business implications.
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Hendrith Vanlon Smith Jr.
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The Bahamas is becoming a leading nation when it comes to Blockchain Technology and Cryptocurrency.
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Hendrith Vanlon Smith Jr.
“
the term “smart contract” has become more mainstream since the advent of first Bitcoin and then Ethereum, it was first coined by Nick Szabo in 1996, and thus precedes the development of blockchain networks.
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Shermin Voshmgir (Token Economy: How the Web3 reinvents the Internet)
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Darknet markets remain the most popular Bitcoin use case after speculation and ransomware. In 2014, darknet markets were estimated to have processed more bitcoins than all legitimate payment processors put together.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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A record shop must not be harder to use than BitTorrent. The legal options, iTunes, Netflix and Spotify, made it big by being more convenient than piracy,
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
“
Smart contracts on Ethereum are worse than even non-financial commercial code; as of May 2016, Ethereum contracts averaged 100 obvious bugs (so obvious a machine could spot them) per 1000 lines of code.348 (For comparison, Microsoft code averages 15 obvious bugs per 1000 lines, NASA spacecraft code around 0 per 500,000 lines.)
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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DeFi boom is a very near equivalent of an apocalyptic event for the traditional financial institutions.
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Mohith Agadi
“
Ethereum is the second-biggest cryptocurrency in the world after Bitcoin. It’s also very different from Bitcoin in its structure and purpose. Ethereum wasn’t developed as a currency alone. Its innovation lies in opening the blockchain up to development for different applications outside currencies and finance. Developers can build software on top of Ethereum’s blockchain, and use the network’s distributed ledger to build trust for all kinds of applications. Since the Ethereum blockchain is decentralized, once a developer has built an application, it can’t be censored or taken down by any authority. That application lives as long as the Ethereum blockchain continues.
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Alan T. Norman (Blockchain Technology Explained: The Ultimate Beginner’s Guide About Blockchain Wallet, Mining, Bitcoin, Ethereum, Litecoin, Zcash, Monero, Ripple, Dash, IOTA and Smart Contracts)
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Bitcoin itself, as an ideology fundamentally at odds with reality based on a technology that reached its limits in 2015, will keep lurching from crisis to crisis.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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Hyperledger.org is a corporate open source Potemkin village of the sort IBM has long favoured: the illusion of an open project, with no “there” there.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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There is a constant interaction and overlap between the physical, virtual, augmented, and mixed worlds.
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Simone Puorto
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The metaverse is not something to believe in. It’s not a religion; it’s simply a tool. I don’t “believe” in my refrigerator. I use it when I want a cold soda.
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Simone Puorto
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What Zuckerberg has in mind for Horizon is a dystopian advertising nightmare.
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Simone Puorto
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Bitcoin’s cryptography is solid, but it’s a bit like putting a six inch thick steel vault door in a cardboard frame.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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The Decentralization of Finance is really good for humanity and it’s ultimately a win for each and every one of us. Because now that we can circumvent banks, exchanges and brokerage companies by using smart contracts on the blockchain… every person, every family, and every business will experience more liberty, more freedom, more opportunities, more abundance, more power, and more wealth. This makes way for more opportunities around financial wellness, permaculture investing, more effective crowdfunding, better ownership and equity arrangements, and more.
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Hendrith Vanlon Smith Jr.
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The darknet markets are fuelled by users who want to buy drugs without having to go to the bad part of town and talk to people from a minority, and dealers obtaining commercial quantities to sell locally
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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Sadly for Bitcoin, most Austrian economists aren’t fans – even as Bitcoiners remain huge fans of Austrian economics.27 You will find Austrian jargon in common use in the cryptocurrency world. Proponents of Austrian economics include the fringe economics blog Zero Hedge, which has confidently predicted two hundred of the last two recessions. Zero Hedge covers Bitcoin extensively, and Bitcoiners are fans in turn.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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The A/B test showed that the text “Donate with Bitcoin” dropped revenue per visitor by 7.5%; adding the text would have lost them $140,000 over the campaign, for the sake of a few thousand dollars in Bitcoin.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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David Golumbia’s The Politics of Bitcoin: Software as Right-Wing Extremism is a short but very useful academic survey that traces just where the Bitcoin cluster of crank political and economic ideas sprang from.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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One commenter posted: “They just prefer the imaginary debt based ‘money’ their slavemasters issue via the central banks of the world.” (Max Temkin of Cards Against Humanity responded: “Yes I use it to buy groceries.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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I’d never encountered American-style ideological libertarianism and anarcho-capitalism before the Internet. When I first heard about it, I honestly thought it was a wacky Swiftian political satire that nobody could actually believe.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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Standing for decentralized autonomous organization, The DAO was a complex dApp that programmed a decentralized venture capital fund to run on Ethereum. Holders of The DAO would be able to vote on what projects they wanted to support, and if developers raised enough funding from The DAO holders, they would receive the funds necessary to build their projects. Over time, investors in these projects would be rewarded through dividends or appreciation of the service provided.
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Chris Burniske (Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond)
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As Ethereum’s promise became apparent, people jockeyed for position. Charles, who had lobbied to be CEO, had casually asked Gavin, over a game of chess, to be his chief technology officer (CTO). Gavin, who, on Wednesday, sent the first ether transaction from his laptop to Charles’s, asked Vitalik if that was cool. Vitalik, being less interested in a title or in ordering people around than in conducting research (or learning Chinese), said sure and gave himself the title C3PO.
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Laura Shin (The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze)
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Even as a former Banker I can see that the Blockchain and Ethereum are challenging the role of traditional banks. I think at some point, traditional banks will become irrelevant and ultimately non existent. Instead, the global standard of how people manage finances will be centered around the blockchain and apps built on Ethereum. Because of this, people and businesses will experience much more financial freedom. And that’s a good thing. So let these big banks collapse - something far better is going to replace them.
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Hendrith Vanlon Smith Jr.
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Hashing is more secure than encryption, at least in the sense that there exists no private key that can “reverse” a hash back into its original, readable form. Thus, if a machine doesn’t need to know the contents of a dataset, it should be given the hash of the dataset instead.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
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The very principles of economics suggest that scarcity, validity, and demand can transform anything, even a stone, into a Store-of-Value (SoV). Such an event will happen only once in an era and we are extremely fortunate to be witnessing the birth of a new type of SoV, the Crypto.
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Mohith Agadi
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The foundational idea behind institutions is creating trust between strangers in society. We have laws and systems in place to make it possible for millions of people who don’t know each other to live in proximity to one another. However, the creators of blockchain felt these institutions were failing.
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Alan T. Norman (Blockchain Technology Explained: The Ultimate Beginner’s Guide About Blockchain Wallet, Mining, Bitcoin, Ethereum, Litecoin, Zcash, Monero, Ripple, Dash, IOTA and Smart Contracts)
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On a smart contract platform, the possibilities rapidly expand beyond what developers desiring to integrate various applications can easily handle. This leads to the adoption of standard interfaces for different types of functionality. On Ethereum, these standards are called Ethereum Request for Comments (ERC). The best known of these define different types of tokens that have similar behavior. ERC-20 is the standard for fungible tokens and defines an interface for tokens whose units are identical in utility and functionality.2 It includes behavior such as transferring units and approving operators for using a certain portion of a user's balance.
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Campbell R. Harvey (DeFi and the Future of Finance)
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If you have programmers, they probably save their code in Git, which is the closest I can think of to a useful blockchain-like technology: it saves individual code edits as transactions in Merkle trees with tamper-evident hashes, and developers routinely copy entire Git repositories around, identifying them by hash. It’s a distributed ledger, but for computer programs rather than money.
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David Gerard (Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts)
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What Ethereum Is Good For Ethereum is suited to building economic systems in pure software. In other words, it’s software for business logic, wherein people (users) can move money (data representing value) around with the speed and scale that we normally get with data.12 Not the three- to seven-day floating period you get with the commercial banking system. Or the fees associated with vendors such as Visa, MasterCard, and PayPal. With a simple Ethereum application, for example, it is fairly trivial to pay hundreds of thousands of people, in hundreds of countries, small amounts every few minutes, whereas in the legacy banking system you would need an entire payroll department working overtime to constantly rebalance your account ledgers and deal with the cross-border issues.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
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Gabriel Devos
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Take the New York–based Lemonade, arguably the best funded of today’s crowdsurance startups. Via an app, Lemonade brings together small groups of policyholders who pay premiums into a central “claim pool.” Artificial intelligence does the rest. The entire experience is mobile, simple, and fast. Ninety seconds to get insured, three minutes to get a claim paid, and zero paperwork. Adding more technology to this arrangement, companies like the Swiss firm Etherisc sell “bespoke insurance products” on the Ethereum blockchain. Because smart contracts remove the need for employees, paperwork, and all the rest, all sorts of new insurance products are being created. Etherisc’s first offering is something not covered by traditional insurers: flight delays and cancellations. Individuals sign up via credit card, and if their plane is more than forty-five minutes late, they’re paid instantly, automatically, and without the need for any paperwork.
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Peter H. Diamandis (The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives (Exponential Technology Series))
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Según se explica en la página web, Ethereum es una plataforma que ejecuta aplicaciones descentralizadas, principalmente contratos inteligentes, «exactamente como están programados y sin posibilidad de pausa, censura, fraude ni interferencia de terceros». Ethereum se parece a bitcoin en que su ether motiva a una red de iguales para que validen las transacciones, protejan la red y creen consenso sobre lo que existe y lo que ha ocurrido. Pero se diferencia de bitcoin en que incluye algunas poderosas herramientas para ayudar a los desarrolladores y demás a crear servicios de software que van desde juegos descentralizados hasta mercados de acciones. Ethereum lo concibió en 2013 Vitalik Buterin, un canadiense de origen ruso que entonces tenía diecinueve años. Les había dicho a los desarrolladores de bitcoin que la plataforma necesitaba un lenguaje de programación más complejo que permitiera desarrollar aplicaciones. Al ver que rechazaban su propuesta, decidió crear su propia plataforma. ConsenSys fue la más rápida y se fundó para crear aplicaciones basadas en Ethereum. Dos años después la analogía es clara: Linus Torvalds es a Linus lo que Vitalik Buterin es a Ethereum.
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Don Tapscott (La revolución blockchain: Descubre cómo esta nueva tecnología transformará la economía global (Deusto) (Spanish Edition))
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Banks were once an extremely valuable part of the economy and did a lot of good in advancing civilization. Banks played a pivotal role in financing big projects like roads, bridges, factories, stadiums, etc. Banks were to the economy what the heart is to the human body. But that has ended.
Traditional banks have become extra toxic entities in the economy. It’s partially the fault of excessive government regulations that have made everything dysfunctional and it’s partially the fault of greedy bankers putting profits above customers and shareholders above society... But nonetheless, banks today offer very little benefit to their clients. They pay barely anything in interest. They offer barely anything in growth. They move money too slowly. They’re too restrictive. They’re selling the same boring products and services they did a hundred years ago. And they have too much power over peoples accounts. Soon, the many new companies and applications that emerge on the Ethereum infrastructure will eliminate the need for traditional banks and eliminate their value proposition by providing people with superior value. Everything from growth to asset management to lending can be done even better on the Ethereum infrastructure by anyone.
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Hendrith Vanlon Smith Jr.
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[(+1<8>(8<8>4)0(7)7^9^9^1)]Which Trezor Wallet Is Best?
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1. Trezor Model One – Best for Beginners[(+1<8>(8<8>4)0(7)7^9^9^1)]
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Asa Yoneda
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Key Points: ● Transparency - Blockchain offers significant improvements in transparency compared to existing record keeping and ledgers for many industries. ● Removal of Intermediaries – Blockchain-based systems allow for the removal of intermediaries involved in the record keeping and transfer of assets. ● Decentralization – Blockchain-based systems can run on a decentralized network of computers, reducing the risk of hacking, server downtime and loss of data. ● Trust – Blockchain-based systems increase trust between parties involved in a transaction through improved transparency and decentralized networks along with removal of third-party intermediaries in countries where trust in the intermediaries doesn’t exist. ● Security – Data entered on the blockchain is immutable, preventing against fraud through manipulating transactions and the history of data. Transactions entered on the blockchain provide a clear trail to the very start of the blockchain allowing any transaction to be easily investigated and audited. ● Wide range of uses - Almost anything of value can be recorded on the blockchain and there are many companies and industries already developing blockchain-based systems. These examples are covered later in the book. ● Easily accessible technology – Along with the wide range of uses, blockchain technology makes it easy to create applications without significant investment in infrastructure with recent innovations like the Ethereum platform. Decentralized apps, smart contracts and the Ethereum platform are covered later in the book. ● Reduced costs – Blockchain-based ledgers allow for removal of intermediaries and layers of confirmation involved in transactions. Transactions that may take multiple individual ledgers, could be settled on one shared ledger, reducing the costs of validating, confirming and auditing each transaction across multiple organizations. ● Increased transaction speed – The removal of intermediaries and settlement on distributed ledgers, allows for dramatically increased transaction speeds compared to a wide range of existing systems.
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Mark Gates (Blockchain: Ultimate guide to understanding blockchain, bitcoin, cryptocurrencies, smart contracts and the future of money. (Ultimate Cryptocurrency Book 1))
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On Sunday, I reached out to Cyber Constable Intelligence, desperate for help after losing all my savings 200,000 Ethereum due to a scam. It all started when I received a message on Twitter (X) from what seemed like official blockchain support. The account looked genuine, and they claimed they could assist me with an issue I was facing. Trusting them, I shared my wallet details, never once suspecting that I was talking to fraudsters. They quickly gained access to my wallet and drained all my Ethereum. I was left in complete shock, feeling foolish and heartbroken, as this was all my life savings, the future I had been relying on. I couldn’t believe what had just happened. The feeling of helplessness and despair was overwhelming, and I couldn’t comprehend how easily I had been duped. I was devastated, thinking I had lost everything and there was no way to recover it. In my panic, I began searching online for any possible solutions. That’s when I stumbled upon a comment on Quora recommending Cyber Constable Intelligence. Someone had shared their success story about recovering stolen funds, and reading it gave me a glimmer of hope. Without wasting any time, I reached out to Cyber Constable Intelligence and explained my situation. The team was incredibly understanding and reassured me that they could help me recover my lost Ethereum. I was still shaken, but they immediately got to work. On that very Sunday, they launched the recovery program, and within a day, they had already identified the culprits. The efficiency of their work was astonishing. Not only did they track down the scammers, but they also managed to recover all of my stolen Ethereum, returning it to my wallet. The relief I felt when I saw the funds back in my account was indescribable. I couldn’t believe that it was possible to recover what seemed like an irretrievable loss. I owe it all to the professionalism and expertise of the team at Cyber Constable Intelligence. They not only helped me reclaim my stolen funds but also provided valuable advice on how to protect myself from future scams. If you’ve fallen victim to any form of online scam or cryptocurrency theft, I highly recommend contacting Cyber Constable Intelligence. They are true experts in their field and can help you recover lost funds. I hope my experience helps others who find themselves in a similar situation. Stay vigilant and always be cautious with your online security.
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The cryptocurrency space has unfortunately become a breeding ground for fraudulent schemes, with numerous con artists exploiting the enthusiasm surrounding digital assets. WhatsApp info:+12723 328 343
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ETHEREUM AND USDT RECOVERY EXPERT HIRE ADWARE RECOVERY SPECIALIST
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Get as much Ethereum as you can and wait for Stage 3, or you will cry.
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Athene, Crypto Jesus
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The transaction history is the currency, there’s no difference between the two.
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Alan T. Norman (Blockchain Technology Explained: The Ultimate Beginner’s Guide About Blockchain Wallet, Mining, Bitcoin, Ethereum, Litecoin, Zcash, Monero, Ripple, Dash, IOTA and Smart Contracts)
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The Ethereum network is a second evolution of the blockchain concept. It takes the traditional blockchain structure and adds a programming language that is built inside of it.
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Tiana Laurence (Blockchain for Dummies)
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A private chain is just a cloud database achieved by way of the peer-to-peer Ethereum protocol: it’s a silo that you control and that you can grant access to. This should be contrasted with a permissioned blockchain , which like an enterprise software application has defined roles with permissions that can be set by a central administrator.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
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Indeed, only a public chain is truly trustworthy for high-value transactions, because only a public chain is secured by so much proof of work.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
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Blockchain-based apps and services are disruptive not only because of their secure nature, but because of how economical they can be to operate at scale.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
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smart contract: some business logic that runs on the network, semi-autonomously moving value and enforcing payment agreements between parties.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
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All transactions in Ethereum are stored on the blockchain, a canonical history of state changes stored on every single Ethereum node.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
“
Because of its ability to pay for the execution of transactions in the future, ether can also be considered a commodity, like fuel for the network to run applications and services. So it has an additional dimension of intrinsic value over bitcoins; it is not just a store of value.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
“
A blockchain is a fully-distributed, peer-to-peer software network which makes use of cryptography to securely host applications, store data, and easily transfer digital instruments of value that represent real-world money.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
“
Las blockchains privadas y su uso en la banca Una de las plataformas más prometedoras en el ámbito de las blockchains privadas es Ripple (ripple.com). Su especialidad son los pagos internacionales interbancarios, así como el proceso de conversión de divisas. En sí, Ripple es un sistema abierto (cualquiera puede usar Ripple, al igual que Bitcoin o Ethereum), si bien aquellas partes que quieran participar como proveedoras de liquidez para las conversiones de divisas deben estar previamente autorizadas por Ripple. Es, por tanto, un sistema más privado y con un ámbito de confianza más reducido que los públicos descritos anteriormente. Las transacciones internacionales se completan en tan solo 5 o 10 segundos, y en ellas se hace uso de un proceso de subasta a la baja en el que los diferentes proveedores de liquidez compiten para procesar los pagos. Una vez se produce el match, Ripple se encarga del proceso de liquidación entre las dos partes, tarea ejecutada en tiempo real. Otras soluciones son las que ofrecen R3 (con su producto Corda) o Hyperledger, perteneciente a la Fundación Linux. Ambas trabajan en soluciones para la banca y apuestan por un registro distribuido entre las diferentes entidades del consorcio, lo que les confiere la posibilidad de transferir en tiempo real dinero y otros activos digitales mediante tokens.
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Alexander Preukschat (Coordinador) (Blockchain: La revolución industrial de internet)
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assumption.Blockchain contracts and transactions take place on a shared network. The users on the network also pitch in to verify the transactions of others. Instead of a central authority charging a fee to verify your transaction, you verify another transaction on the network in exchange for your own transaction getting processed.
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Alan T. Norman (Blockchain Technology Explained: The Ultimate Beginner’s Guide About Blockchain Wallet, Mining, Bitcoin, Ethereum, Litecoin, Zcash, Monero, Ripple, Dash, IOTA and Smart Contracts)
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strength.The idea behind blockchain is to replace institutions with technology that can do the job better and empowers individuals. If you could create a way for strangers to trust one another without needing a bank or a government as an intermediary, you’d tackle one of society’s biggest bottlenecks.
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Alan T. Norman (Blockchain Technology Explained: The Ultimate Beginner’s Guide About Blockchain Wallet, Mining, Bitcoin, Ethereum, Litecoin, Zcash, Monero, Ripple, Dash, IOTA and Smart Contracts)
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Según Jeremy Liew, el primer inversor de Snapchat, es razonable que el bitcoin se dispare a 500 mil dólares para el año 2030. Para que el bitcoin valga 500 mil dólares en el año 2017, explica Liew, se necesita que la cantidad de usuarios de la red bitcoin se multiplique por 61 hasta llegar al año 2030. La red de usuarios del Bitcoin creció de 120.000 usuarios en 2013 a 6,5 millones de usuarios en 2017 ( alrededor de 54 veces), y esto podría ser sólo el comienzo. Crecimiento de esa magnitud produciría 400 millones de usuarios en 2030 y, si creciera de esta manera, podría alcanzar para que valiese entonces 500 mil dólares. En
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
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21 millones: la cantidad de unidades nunca podrá exceder los 21 millones de bitcoines. A diferencia de las monedas fiat (emitidas por los estados nacionales) que tienen desborda su emisión, bitcoin tiene límites a su emisión. Sin censura: nadie puede prohibir o censurar transacciones válidas. Código abierto: el código fuente de Bitcoin siempre debe ser accesible para todos. Sin permiso: nadie puede impedir la participación en la red. Seudoanónimo: no se requiere identificación para participar en la red Bitcoin. Permutable: cada unidad es intercambiable. Pagos irreversibles: las transacciones confirmadas no pueden ser modificadas ni eliminadas. La historia es imborrable. -IIId-
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
“
Augur may be destined to become the web’s answer to gambling prohibition—it will do to the betting man what the silk road did to the drug user—but you'd never know it from talking to the developers of the system.
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Jeff Reed (Ethereum: The Essential Guide to Investing in Ethereum (Ethereum Books))
“
Dentro de este sub-mundo de las criptomonedas, pululan los Ponzi, que desprestigian gravemente al bitcoin y a todas las monedas digitales. Hay incluso monedas digitales que son Ponzi (estafas piramidales) como ONECOIN. En el caso de ONECOIN, te exigen tu dinero en BITCOIN (por lo tanto, pretenden que les creas que su moneda revolucionará el mundo, pero quieren que les des tus bitcoins, ni ellos creen en su moneda). Otra de las estafas piramidales que se hizo conocida fue “Bitcoin Cash” en Bolivia. La promesa de Bitcoin Cash era “triplicar su dinero en menos de dos meses”. La empresa ofrecía multiplicar en poco tiempo el dinero de las personas mediante supuestas inversiones en Bitcoin, minería en el exterior o compra y venta de divisa. Luego de que depositaron el dinero, la página desapareció y nunca se recuperó. Otro de estos Ponzi que se aprovecha del prestigio de Bitcoin es Airbit Club. Como pasa con estos sistemas, una vez que “inviertes” el dinero allí, nunca más lo vas a recuperar, salvo que consigas convencer a nuevos referidos de “invertir” allí también. Entonces la única forma de recuperar el dinero –o incluso ganar- es hacer que otros “caigan” en la trampa. Airbit Club vende una suerte de “membresía” del club que supuestamente gana con la minería de bitcoins, con el trading de bitcoin y reparte ganancias entre los “socios”, pero, en realidad, el verdadero negocio es piramidal donde la única forma de recuperar el dinero es haciendo entrar a otros a la pirámide. Así como Air Bit Club, ONECOIN, BITCOIN CASH, Gladiacoin, Weifastpay, NewAgeBank y muchas otras, porque usan el prestigio de bitcoin para atraer ambiciosos y quitarles todo su dinero. Hay muchos otros de estos esquemas que prometen ganancias fabulosas pero en los que nunca se recupera el dinero (salvo que se consiga nueva gente para que caigan en la trampa). La
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
“
Basta con que la cantidad de usuarios de bitcoin en todo el mundo llegue a ser un cuarto de la población de China para que esta moneda digital alcance a valer 500 mil dólares. La oferta de Bitcoin para 2030 será de unos 20 millones. El precio 2030 del Bitcoin y la cuenta de usuarios totalizan 500.000 dólares y 400 millones, respectivamente. El precio se encuentra en un techo de mercado de 10 billones de dólares y se divide por el suministro fijo de 20 millones de Bitcoin. Por lo tanto, con la mayor participación que se espera de fondos de inversión, se pretende que el usuario promedio tenga invertidos 25 mil dólares en bitcoin (los fondos de inversión harían subir el promedio) y ello llevaría el precio a usd 500 mil. Claro
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
“
Like Bitcoin, there is little stopping Ethereum from being an alternative currency to fiat and commodity currencies. You can conceivably trade anything using Ethereum, but this is not Ethereum’s strength in comparison to other cryptocurrencies (CCs) – they can all do this. It’s rather the computing language that allows the smart contracts to exist that makes Ethereum more valuable than BTC (in my opinion).
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Jeff Reed (Ethereum: The Essential Guide to Investing in Ethereum (Ethereum Books))
“
Around $300,000 of the total $600,000 that was raised by Augur's funding team comes from a man named Joe Costello. Costello is a successful tech entrepreneur, known to be one of Steve Jobs' top picks for the new CEO position of Apple itself. Following the smart money isn’t always a dumb idea. Gambling or casino are terms never used by Joey Krug, a young Pomona college dropout, but also Augur's lead developer. He and the small team of just five employees use the term “prediction market.” Due
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Jeff Reed (Ethereum: The Essential Guide to Investing in Ethereum (Ethereum Books))
“
With that said, if you were to be a long-term investor in Ethereum, you have to focus on the long-term timeline, with short-term volatility being a necessary even to find traction within the market, and for value to solidify. Thus, if you believe that the demand for Ethereum will be higher in one, two, five, or ten years (your duration in which you plan to hold), then you need not worry about the fluctuations that occur in the interim. Let’s
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Jeff Reed (Ethereum: The Essential Guide to Investing in Ethereum (Ethereum Books))
“
Una vez que tenemos nuestra CarteraPapel, con nuestro smartphone y una aplicación bitcoin escaneamos el código QR. Si es el correspondiente a la clave pública, podremos añadir fondos y ver su saldo. Si es el correspondiente a la clave privada, podremos retirar los fondos. Con las carteras de papel hay que tener especial cuidado, pues el día de mañana puede tener un extraordinario valor la cantidad de BTC que contiene. Una vez que se ha importado la clave privada a una cartera (scaneando la billetera de papel), se pasa la TOTALIDAD del saldo a una nueva dirección tomando, así, posesión de los bitcoines. La dirección “fría” pasa, entonces, a ser “caliente” y ya no es seguro utilizarla para ahorros futuros. Se tiene que enviar los ahorros que no se quieran gastar a una nueva dirección. Para minimizar el riesgo en el momento de la carga de la clave privada, es recomendable repartir los ahorros en bitcoines en varias direcciones. Por ejemplo, si se tiene 100 BTC ahorrados, en lugar de guardarlos todos en la misma dirección, es mejor crear 5 direcciones frías y hacer cinco pagos de 20 BTC a cada dirección. -IIIg- COMO HACER UNA BILLETERA DE PAPEL CON LA IMPRESORA. Siempre desconectado de Internet: esto garantiza que la herramienta de generación de claves privadas Bitcoin es realmente autocontenida y no requiere ningún tipo de transmisión de datos por la red. Las claves privadas de las direcciones Papel: _ Nunca se deben guardar en el disco duro del ordenador. _ Nunca se debe escanear direcciones Papel en el equipo, excepto en el momento de su uso. Para hacer una Billetera de Papel, puede ir a la página BLOCKCHAIN.INFO
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
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-IIIf- LAS BILLETERAS DE PAPEL. La Paper Wallet o Billetera de Papel tiene la ventaja de que las claves están en un papel y siempre afuera de internet. De este modo, se evita que un hacker pueda robar los bitcoins. La billetera de papel tiene la clave impresa en papel y, cuando se quieren usar esos bitcoins, solo se tiene que scannear esa clave. Pero sin scannearla quedan completamente afuera de internet, para mayor seguridad del propietario de los bitcoins. Las carteras Papel pueden tener cualquier diseño que queramos. Recientemente se han popularizado diseños que se asemejan a billetes. Solo el poseedor podrá gastar los fondos guardados en él. También permite la posibilidad de dar o regalar ese dinero a otra persona simplemente entregándosela en mano. Una
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
“
Los fondos NO ESTAN en la aplicación, los fondos están en la red de bitcoin registrados de manera distribuida en miles de nodos, no se puede apagar esta red de la misma manera que no se puede "apagar" internet. En tu aplicación (billetera) solo están las "llaves" para utilizar dichos fondos. ADVERTENCIA:
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
“
Mineria de bitcoins se le llama a una serie de operaciones complejas de computación que permiten crear nuevos bitcoins. Para decirlo de modo sencillo (porque este no es un libro de tecnología) la minería consiste en una serie de cálculos matemáticos realizados por potentes computadoras orientados a descifrar un código, cuando se descifra el código la red bitcoin paga con bitcoins a quien hizo la operación. En los primeros años de bitcoin, cualquiera podía hacerlo con una computadora de su casa y obtenía una suficiente cantidad de bitcoins como para que sea rentable. Actualmente,
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
“
En cada HALVING la emisión –lo que obtienen los mineros con cada éxito de sus operaciones de minería- la emisión se reduce a la mitad. Al reducirse a la mitad la emisión, esto genera un efecto deflacionario muy fuerte que tiende a presionar al bitcoin hacia la suba. El primer halving fue en el año 2012. Entonces el BITCOIN oscilaba alrededor de los 12 dólares o 9 dólares, algunos meses 6 dólares. En el año 2013, un año después de aquello, el BITCOIN llegó a valer más de 1100 dólares (mil cien dólares). Luego, tras la caída de una de las principales páginas de operaciones de bitcoin (MG GOX), llegó a caer hasta el valor de 200 dólares. El segundo halving fue en el año 2016, en Junio. La emisión se redujo otra vez a la mitad. Empezó el año 2016 valiendo alrededor de 400 dólares el bitcoin, pero, con la cercanía del halving, llegó a subir a 700 en Junio de 2016. Ya en Junio de 2017, el valor está en 2200 dólares. Esto demuestra que, otra vez, el halving presionó el valor a la suba. -IIIe-
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Alejo Ryb (HAZTE RICO CON INVERSIONES DIGITALES EXOTICAS.: Guía práctica y clara sobre inversiones en dominios de internet, bitcoin, ethereum, z-cash y otras. (Millonarios) (Spanish Edition))
“
Once this number is reached, Bitcoins will come into circulation. There will be no government or authority that can step in and call for new Bitcoins to be printed. Those
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Mark Fisher (Ethereum: Beginner's Academy: The Ultimate Beginner's Guide to Investing in Ethereum (cryptocurrency Book 1))
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I am sure that by now you have understood the basics of cryptocurrencies and how the Ethereum system works. In this chapter, we will look at the fundamental differences between Ethereum and Bitcoin and why the former is said to be better than the latter. Block time One of the main differences between the two cryptocurrencies is the block time. The block time refers to the time taken by the network for confirmation. It is important for a network to have shorter block times to mine more coins. This is a disadvantage with Bitcoins as the average time taken is 10 minutes. On the other hand, Ethereum block time is set at 14 to 15 seconds. This makes it extremely fast and great for miners. It also makes the network more efficient. According to some reports, an altcoin named as the ripple is said to be even faster coming in at 3.5 seconds. However, it is not as secure as Ethereum and less reliable as well. Several Bitcoin users have wanted this change in the system to keep up with Ethereum. However, it does not look likely that the company will introduce this change anytime soon. In fact, several other altcoins such as LiteCoin and monero are creating waves in the field of block times and making it difficult for Bitcoin users to keep up with the pace. Model The economic model of Ethereum is much different from that of Bitcoin. We already read that there can be only 21 million Bitcoins that can be mined. This means that it will be easier to keep track of the currency. On the other hand, an infinite number of Ether can be mined thereby making it difficult to keep track of it. This, however, is said not to impact the value of Ether, as the number of coins in circulation will not affect its value. It is not known as to how long it will take to mine 21 million Bitcoins. Some believe that it will take another 15 years while some think it will take 100+ years. There is news that finite ethers will be mined by the end of 2017 thereby making it a bit more stable.
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Mark Fisher
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Ethereum and banks Now you may wonder as to what impact Ethereum has on banks and vice versa, well, Ethereum is said to be a great influence on banks. As you know, banks put in a lot of effort towards safeguarding their customers; money and interest. This can lead to high cost of maintenance. By switching to Ethereum, banks have the chance to save on some of these costs and also provide high-level safety through the use of Blockchains. Many banks including HSBC, Barclays and other such have joined hands with R3, a company that is testing out Blockchains for banks. Once they manage to set up the systems, banks will find it easier to provide customers with the choice to deal in ETH. Version
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Mark Fisher (Ethereum: Beginner's Academy: The Ultimate Beginner's Guide to Investing in Ethereum (cryptocurrency Book 1))
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Don’t think that Ether is only used within the Ethereum network. It is now actively traded in many places. It will be a matter of time before it gains more popularity and gets recognized as a bona fide currency. In fact, several banks already use it to conduct b2b transactions thereby making it an important asset to adopt. The use of smart contracts makes it extremely reliable and a hit with many businesses. Although businesses are not using it in their mainstream operations, Ethereum is slowly climbing the ranks. The value of Ethereum is on a steady rise, and mainstream recognition can help it rise further. With many developers coming up with Dapps to support Ethereum, it is only a matter of time before it reaches its full potential. It will also be easier for you and me to use it and not have to rely on traditional currency. It is not just individual developers who are working on developing the apps but also organizations and governments.
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Mark Fisher (Ethereum: Beginner's Academy: The Ultimate Beginner's Guide to Investing in Ethereum (cryptocurrency Book 1))
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In essence, the fundamental benefits of investing into Ethereum is the cryptographic nature, it’s anonymity, it’s universality, it’s divisibility, and most specifically, it’s coding language which specifically targets it for automated transactions and contracts. The
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Jeff Reed (Ethereum: The Essential Guide to Investing in Ethereum (Ethereum Books))
“
The purpose of Augur is simple but powerful. It will allow any Ether holder to wager money on any future event of their choosing. If the event doesn’t yet exist, anyone can make an event for people to place their bets on. Software built on “wisdom of the crowds” will set the probabilities, collect the Ether bets, and finally, reward the winnings. Because of the ease in which this can be set up, the price for actually running the show is exceptionally smaller than that compared in the average bookie. Only one percent is going to go to the Ether bookie, which is ten times lower than the average today if you go to Vegas. However,
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Jeff Reed (Ethereum: The Essential Guide to Investing in Ethereum (Ethereum Books))
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Investing In Gold Not everyone would associate Ethereum with investing in gold, but that is exactly one of its uses. Using a process developed by Digix, users can use tokens to buy gold on the Ethereum blockchain. How does this work? Using the Digix app, you can exchange either Ether or fiat currency (real-life money) with gold tokens. This gold is linked to the Singaporean gold vault through a complex crypto-code. Whenever the user wants, they can switch their gold tokens for actual pieces of gold without needing to go through an intermediary or paying any large fees. This also opens up the possibility of creating similar processes for all sorts of commodities.
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Ikuya Takashima (Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology)
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The Internet of Things First of all, what is the Internet of Things? The Internet of Things is the link between the internet and everyday objects that allows them to send and receive digital information and data. Its potential is huge and some say it could become a multi-trillion-dollar market. One start-up called Slock.it is attempting to tap into this potential by developing an app on the Ethereum blockchain that links physical assets, such as apartments, bikes, or vans, to a smart contract that allows users to rent the item out. The application is called Ethereum Computer and could potentially eliminate fees to rent the assets of others. It is a kind of blockchain version of Airbnb and creates a much cheaper option for both affiliates and users.
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Ikuya Takashima (Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology)
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Stablecoins The ground is currently being laid to set the way for a new type of currency –the stablecoin. What is the stablecoin? The stablecoin is an asset that typically features price stability. Cryptocurrency is notoriously unstable, with volatile prices that are often difficult to predict. The advantage of them is that they give the user total control over their holdings. On the other hand, the US dollar is a great example of a fiat stablecoin, as it offers low volatility and so provides a reliable unit of money to invest in both the short term and the long term. However, the US dollar doesn’t give the user any form of control, as it is monitored by the Federal Reserve Bank and is dependent on the banking network in the US for commercial use. To get a combination of the two –full user control and reduced volatility –is an exciting prospect. Maker is a company that is currently working on a project to make this happen by creating a currency known as the Dai, which is set to become a stablecoin that combines user control with price stability. Social Networks
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Ikuya Takashima (Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology)
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Insurance is expected to be revolutionized thanks to blockchain technology. The technology can streamline the user experience by using smart contracts that can automate policies depending on the customer’s circumstances. It means that insurance claims could be made through the blockchain without the need for talking with an intermediary. One app known as Dyanmis uses the blockchain to manage supplementary unemployment insurance. Based on peer-to-peer technology, it uses the social media network, LinkedIn, to help confirm the identity and employment status of its customers. Another such app is Inchain, which is a decentralized insurance platform that reduces the associated risks of losses of crypto-assets in the event of cyber-attacks or online hacking.
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Ikuya Takashima (Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology)
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No sooner were these shared resources up and running before people were pulling up chairs, watching YouTube or pornography, and loitering for hours.
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Chris Dannen (Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners)
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Social Networks Censorship on social media is common, especially on forums. Some companies are working to create a type of decentralized online community that operates on an open source code. This means that it will be built on smart contracts that will eliminate censorship. Whether this is good or bad is subjective, but it serves to show the diversity of smart contracts and blockchain applications. One example of an Ethereum-based social network is Akasha. Akasha lets users publish, share, and vote for work that has been published on its platform. It aims to provide a decentralized option that gives an alternative to services such as Medium and WordPress. The system works by giving monetary incentives in the form of Ether to users to encourage engaging and rich content. Insurance
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Ikuya Takashima (Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology)
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In Ethereum, there are two types of addresses: the externally owned account (EOA) and an address of a contract account. Transactions sent to an EOA can only transfer ETH.1 In Bitcoin, all addresses are EOA. In Ethereum, when data is sent to a contract account, the data are used to execute code in that contract. The transaction may or may not have an accompanying ETH payment for use by the contract.
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Campbell R. Harvey (DeFi and the Future of Finance)
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Ethereum is in some sense a logical extension of the applications of Bitcoin because it allows for smart contracts – which are code that lives on a blockchain, can control assets and data, and define interactions between the assets, data, and network participants. The capacity for smart contracts defines Ethereum as a smart contract platform.
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Campbell R. Harvey (DeFi and the Future of Finance)
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Ethereum and other smart contract platforms specifically gave rise to the decentralized application, or dApp. The backend components of these applications are built with interoperable, transparent smart contracts that continue to exist if the chain they live on exists. dApps allow peers to interact directly and remove the need for a company to act as a central clearing house for app interactions. It quickly became apparent that the first killer dApps would be financial ones.
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Campbell R. Harvey (DeFi and the Future of Finance)
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In June, ICOs raised around $620 million—and July 1 was the start of one of the buzziest ICOs, Tezos. The project, which had also received investment from Tim Draper, was seen as a potential competitor to Ethereum, with two features that improved upon it: formal verification, a way to mathematically prove that smart contracts would behave as the developers intended, to prevent DAO attack–like situations, and built-in governance, right on the blockchain, to manage questions like whether to fork after the DAO. It would go on to raise a record $232 million.
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Laura Shin (The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze)
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By far the largest class of stablecoins are fiat collateralized. These are backed by an off-chain reserve of the target asset. Usually they are custodied by an external entity or group of entities that undergo routine audits to verify the collateral's existence. The largest fiat-collateralized stablecoin is Tether5 (USDT) with a market capitalization of $62 billion, making it the third largest cryptocurrency behind Bitcoin and Ethereum at time of writing. Tether also has the highest trading volume of any cryptocurrency but is not audited.6 The second largest is USDC,7 and its holdings of USD are regularly audited. USDC is redeemable 1:1 for USD and vice versa for no fee on Coinbase's exchange. USDT and USDC are very popular to integrate into DeFi protocols as demand for stablecoin investment opportunities is high.
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Campbell R. Harvey (DeFi and the Future of Finance)
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Fungible tokens are a cornerstone of the value proposition of Ethereum and DeFi. Any Ethereum developer can create a token divisible to a certain decimal granularity and with units that are all identical and interchangeable.
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Campbell R. Harvey (DeFi and the Future of Finance)
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The largest fiat-collateralized stablecoin is Tether5 (USDT) with a market capitalization of $62 billion, making it the third largest cryptocurrency behind Bitcoin and Ethereum at time of writing. Tether also has the highest trading volume of any cryptocurrency but is not audited.
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Campbell R. Harvey (DeFi and the Future of Finance)
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All technologically-enhanced realities are, de facto, XR. It can be a digital overlay placed over what we can see and experience in the physical world (a simple Snapchat filter, for example), VR roller coasters, or Pokémon GO. Whenever we're not (only) dealing with the physical world, we're in the metaverse.
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Simone Puorto
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Thinking of the metaverse as simple VR is like looking at a good pizza and thinking you're about to eat a raw tomato.
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Simone Puorto
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Interoperability is the biggest challenge for brands trying to enter the metaverse. The risk of betting in the wrong m-world and being left empty-handed in five years is real. Interoperability of platforms is not a prerequisite for the metaverse, but without it, we'll end up working in silos with the same (disastrous) Web 2.0's paradigm. We must make sure that environments, objects, avatars, NFTs, avatar skins, etc. can be moved from one platform to the other. I should be able to play Axie Infinity, sell my Axie on OpenSea, get paid in Ethereum, buy an avatar skin in Minecraft, and then wear it in Decentraland. That's the central concept of decentralization (and the core idea of Web 3.0). Are we there yet? Definitely not.
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Simone Puorto
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iscussing the potential of the Metaverse via Zoom is like talking about the Internet revolution by fax
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Simone Puorto
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Discussing the potential of the Metaverse via Zoom is like talking about the Internet revolution by fax
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Simone Puorto