Cryptocurrencies Are Changing The World!
The total value of the world's money is $90,4 trillion. This post aims at enthusing, uplifting and helping people.
My name is Guillaume Cardinal. I learned about Bitcoin in the summer of 2011 and began investing in 2013.
The Cryptocurrency Revolution Explained
I highly recommend Dan Larimer's most recent talk: "Introduction to Blockchain: Daniel Larimer at Virginia Tech"
"My missions in the past decade has been to find free-market solutions for securing life, liberty, property, and justice for all. And what I mean by that is nonviolent, voluntary solutions for securing the things that matter the most to us, our liberties and freedom, our property rights and blockchain technology happens to be the most effective tool we've ever created for doing just that." @dantheman
Some Hard Economic Facts
Some cryptocurrencies have no transaction fees.
- Total value of the world's money is $90,4 trillion (cia.gov)
- USD's purchasing power is 5% what it was in 1913 (link)
- Global Stock Market $73 trillion (link)
- The world's gold $7.7 trillion
- Bitcoin market cap $131 billion (link)
- Cryptocurrencies market cap $346 billion (link)
- Global Debt $215 trillion (link)
- Global Real Estate $217 trillion (link)
- Derivative Market, low end estimate, $544 trillion (link)
- Stock of broad money per country (cia.gov)
- Global GDP $80 trillion (link)
- $5.1 trillion traded everyday on Forex Exchange (link)
- List world largest public companies (forbes)
- IPO raised $196 billion in 2017 (link)
- ICO raised $5.6 billion in 2017 (link)
- ICO raised $6.3 billion in 2018 first quarter (link)
- Bitcoin transaction fees rough estimate 0.4-3.8% (link)
- Bitcoin mining reward in the last 24h, $14 millions (link)
- Venezuela's 2018 inflation 25,000%+ (link)
- Zimbabwe's 2008 inflation 79.6 billion percent (link)
- The 20 countries with the highest inflation rate in 2017 (compared to the previous year)
- Largest IPOs worldwide as of March 2018 (in billion U.S. dollars)
- The State of the Token Market: A Year in Review & an Outlook for 2018
- The Reality of America's Finances
- Projected Bitcoins Short Term
- Bitcoin combined order book at $7,700 - (2018-06-07, 07:06:56)
Most Interesting Crypto News
Edit: International Monetary Fund Suggests Cryptocurrency Could Replace Fiat Currencies
SEC Chairman Clayton: Bitcoin is not a security.
Coinbase Acquires Financial Services Firm to Become SEC-Regulated Broker Dealer
Bitcoin ETF Dreams Kept Alive With New SolidX, VanEck SEC Filing
The fund will be physically-backed, which means it will hold actual Bitcoin, and will be insured against loss or theft of the cryptocurrency, according to the firms.
Ripple (XRP) Expects a Bullish Trend Shortly – Currencies Direct adopts Ripple
Ripple will save the bank and its client from 40% to 70% in transaction costs and fees and the speed is overwhelming. A transaction takes about two minutes to complete, compared to the traditional SWIFT system which takes much longer.
Bitcoin Mining’s Electricity Bill: Is It Worth It?
I don't think that the current level of energy consumption is worrisome. We are only at 0.2-0.5 percent of the worldwide electricity consumption. Like Morgan Stanley researchers said in their reports cryptocurrency miners are currently just a "blip on the radar" for utilities”
China State TV: Blockchain Is '10 Times More Valuable Than the Internet'
‘Almost Irresponsible’ to Not Invest in Bitcoin: Billionaire Mike Novogratz
Billionaire Mike Novogratz is most bullish on EOS (Bloomberg on June 5, 2018)
Full interview here. Duber interesting!
EOS Core team to have another Go / No Go voting on Friday 0100 UTC
Google Courts Ethereum Founder for Possible Cryptocurrency Project
Quantum Computing ‘Poses No Realistic Threat’ To Bitcoin: Research
Popular fears about the continued rise of quantum computing and its security implications for blockchain technology are misguided and blown out of proportion.
This is the professional opinion of Jeffrey Tucker, Editorial Director at the American Institute of Economic Research. Tucker is of the view that the fear of quantum computing as an existential threat to bitcoin and other blockchain applications is based on scare-mongering and ignorance.
Another Cryptocurrency Experiences 51% Attack, Following Bitcoin Gold and Verge
Once the investigation was finished, the ZenCash team still found that there were two double-spent transactions. This meant that the hacker, whoever it was, was permitted to spend their 19,000 ZenCash two times, effectively doubling the worth of their ZenCash.
At current market values, the over 19,600 ZenCash which the hacker double-spent is worth around $558,000, not a figure to laugh at.
Here’s how much it costs to launch a 51% attack on PoW cryptocurrencies
The actual app can be found here.
Google, Facebook and Uber: Has Their Blockchain Time Arrived?
British company Juniper Research recently published a study which suggests that the use of blockchain technology by multinational companies is just a matter of time. Analysts report that nearly 6 out of 10 corporations are considering application of this technology or already in the process of developing corporate blockchain services.
Earlier, Cointelegraph reported that Microsoft and Amazon were considering the possibility of integrating blockchain technology into a number of their platform services. These are not the only cases where multinational corporations are making waves in the crypto space. For example, Huawei is loading its phones with a built-in Bitcoin wallet, Samsung revealed its plans to use blockchain for managing its global supply chain, and IBM has announced a partnership with Nestle, Unilever and Walmart to assist with identifying and preventing contaminated products from reaching consumers.
Meet Bestmixer, the Bitcoin Tumbler Trying to Outwit Chainalysis
Bitcoin tumbling service Bestmixer has added a slew of new features designed to enhance anonymity. A triple-tier service provides varying levels of privacy, all geared around outsmarting the blockchain forensic tools deployed by companies such as Chainalysis.
Is Ripple (XRP) Becoming a Global Currency Reservoir as Bulls Set in?
With a sizeable reserve, Ripple is able to help Zover 75 partner banks settle inter-bank debts within seconds. The Ripple products have proved it only takes a few seconds to send through banks to help in humanitarian emergencies across the globe. It no longer makes sense to use the banking system to send aid to affected communities while it is faster through Ripple xRapid.
Ripple (XRP) Just Went Live in Europe: Santander Releases OnePay FX
Santander has officially released OnePay FX app which means that millions of users that have put their trust into the Santander bank can now use this mobile application in order to send fast cross-border payments globally.
How bitcoin and cryptocurrencies went from Wall Street to the high streets of Southeast Asia
“[Digital token-based loans are] absolutely much better than the traditional ones,” said Sachaknisay Sov, who used to borrow money from friends and local lenders. “It has a lower interest rate.”
Previously, he paid at least 18 per cent interest for every penny he had borrowed. Now, he pays 5 per cent.
Other Interesting Crypto News
An old Alcoa plant in Upstate New York is going to be converted into one of the world's largest bitcoin mining centers
Bitcoin Down in Google Searches But Still Bigger Than Beyonce
Major Wall Street Firm Secretly Traded Bitcoin for Over Two Years
This hacker made $120K in a week by finding bugs in EOS cryptocurrency
Apple Co-Founder Steve Wozniak: "What an Incredible Thing Bitcoin is"
Watch Billionaire Tim Draper ‘rap’ about Bitcoin at #TNW2018
Cryptocurrency Exchanges Are Drowning in Tokens
NASDAQ supports Stellar (XLM) in a move to enter the crypto world
Bitcoin’s Chance at the $20 Trillion Offshore Tax Haven Market
Depending on the study, as much as $20 trillion is hidden away from government tax farmers. However, loopholes are closing as lawmakers discover them, perhaps creating just the use case bitcoin needs to thrive in the near future.
Ripple to get listed on NASDAQ powered DX.Exchange
The exchange in question here is DX. Exchange. According to its website, DX.Exchange is touted as the first complete crypto community that allows individuals as well as institutions to trade cryptos, purchase cryptos with fiat and then convert them back to fiat.
The exchange is built on the market-leading matching technology of NASDAQ. In a way, it also represents one of the world’s biggest stock exchange’s entry into the crypto market, however indirectly it is.
The exchange is scheduled for the release this month but the date for the same is not decided yet.
Internet Giant Baidu Unveils Energy-Efficient ‘Super Chain’ Blockchain Protocol
Dubbed ‘Super Chain,’ chief scientist at Baidu’s blockchain division Xiao Wei revealed the protocol at a local conference over the weekend.
EOS Mainnet Status
Brock Pierce LIVE On EOS Launch Day
Very interesting talk by billionaire Brock Pierce
"Money is backed by men with guns. Bitcoin is not, so why would this thing have any value?" Paul Krugman, Nobel Memorial Prize in Economic Sciences (Source)
My Best Post
- Thank You Dan Larimer! You're A Great Mentor! (re-tweeted by Brock Pierce and 90 other people)
Some Of My Previous Posts
- What Truly Matters!
- Understanding National Currencies
- Cryptocurrencies
- Understanding Bitcoin
- Understanding Bitcoin Cash
- Buying Bitcoin
- Knowledge Is Power!
- Governments
- Exquisite Beauty
- Cryptocurrency Stats
- Proof Of Positive Influence
- Technological Abundance
- In The Name Of Freedom
- Guillaume Cardinal
- Steem Overview
Understanding Steem
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- SteemSpeak.com (24h/7 Voice chat)
I strongly agree to the title of this post. The cryptocurrency are really changing the world for the better. I am bullish in Steem for long term and dont have any plans to dump any of my valuable Steem token. The world are turning in to e-cash society and the need for the corrupted government are becoming the thing of the past.
Many overnight millionaires has been created as a result of cryptocurrency
It wasn't exactly "overnight", they had to have mined/bought and held for long enough without selling. So many people sold everything they had when bitcoin hit $10 cents, $1, $10, $100, $1000, and $10,000, only to buy back in at a fraction of what they originally held.
Totally true. It sounds easy to say that that people just became millionaire overnight... IT took them years and holding for long a very clear vision of what they thought the outcome will be even when the nobody believed in it.
Yep I had hard drive fail (no backup of btc wallet) then purchased then sold. Then purchased then sold. If I held then I would have my lambo now.
damn... I believe something similar might happen with Steemits some years down the line... fingers crossed.
Well Said!
:)
I disagree, people who held and forgot about it made a fortune, it was definitely not overnight. Some people doubled their money and then didn't come back in.
Indeed, I wrote down the same here... It's not as easy as it sounds.
years ago yes, but nothing but losses since last December, crypto market is dead currently
Yeah, very catching title that will make you want to read over and over
I suppose that not only cryptocurrencies but also blockchain technology itself should be highlighted as very promising brand new paradigm which can actually totally change (and is changing) the world around us
Too many people only think it's about crypto currencies. It's really about blockchain technology and how it will revolutionize the world. Cryptocurrencies are just the way to transact or transfer value on blockchains...
That is true!
Yo Estoy feliz de poder ser parte de este cambio y poder de una vez por todas sacar a mis hijos y mi hermosa esposa de un enorme pozo economico que estamos sufriendo saludos a todos desde URUGUAY
Espero me sigan amigos
Thank you so much for writing this important piece!
I couldn't agree with you more.
What is future of Crypto in India and China? I heard some of the countries already planned to ban Cryptocurrencies. Is it really true? I am little confused. :(
Hey @samandsam, actually cryto currencies are not banned in India. Recently The Apex Bank of India has passed a circular in which government warns people to clear out their transactions within July 6th. Debate and discussions have been going on and government too in a great puzzle whether they should allow access to crypto currencies or not. They also want to imply 18% GST (Goods and Service Tax). We Indian people are waiting for the hearing on crypto currencies holding our fingers crossed.
If the government doesn't provide services then there are so many ways that we can get our hard work money. simply, we can go to foreign exchanges ,where they provide us dollars and directly deposit to our bank account in Inr.
I tried my best to reply your question. Hope you understand.
Thanks, Got it.
A real decentralized coin can only be banned, if they put down the whole internet. Of course they can do censorship on websites like Binance or whatever (like what China does with google), but today there are several ways. Don't worry, if it could be banned that easy, many countries would have done it yet... it aims at the heart of their system, they d kill it if they could. ;)
Yes, It's really, I agree with you!
Dear lord..
Definitely....and for better !!! :)
There is no other way
Crypto currencies, namely Bitcoin is allowing the world that doesn't have access to a credit card or paypal to make and accept payments online. Its a global currency that is treating everyone as one -truly the worlds first global decentralized currency... USD watch your back!
They definitely are :D
Life is changing as they are growing.
We are facing the perfect society! <3
in that you have all the reason .... this society is changing to an alarming ricmo
in that you have all the reason .... this society is changing to an alarming ricmo
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in that you have all the reason .... this society is changing to an alarming ricmo
It's amazing how much cryptocurrencies are changing the world. Thank you for the research done to present such information. xo
They are definitely changing the world!! I grew up in Venezuela and i totally can tell you how things are working there and how their citizens can benefit.
As you mentioned, the inflation percentage is in the 5 digits and increasing. The minimum wage there is about $2 a month. Now let's take steemit for example. Imagine they make $2 extra a month writing articles and curating content, that's already an extra salary!! What if they make $10? $100? It definitely can solve a lot of their problems, at least helping them to put food in their tables, which is scarce nowadays...
Of course there are some logistic problems with the exchange and all that but it's definitely not impossible. Moreover they could use crypto to buy goods online from other countries 😊
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Infact the chart explained it all, I am happy to be part of the revolution. Thanks for putting up this information.
All we have to do is stay in the game! Anyone in the crypto game now, just stay in it! You will reap the rewards .
I agree this is the start of a new order. Decentralisation of wealth and power.
I'm not shaking because I strongly believe in crypto
We don´t need much to see that we have a global problem, look at the debt from america's finances, it's ridiculous, and it is an exponential growth.
Ponzi Games is the world we live in, Ponzi was arrested because he created a scheme doomed to failure. My point is, the countries around the world are using debt to pay older debt, and it is getting bigger and bigger, is just a matter of time until something goes wrong and explodes the whole system.
Cryptocurrency through decentralization, and transparency is definitely shaking up organizations and nations as a whole. There is a lot of room for growth and adoption coming up that I feel would lead to a more honest and individual distribution of responsibility for how the future turns out for everyone on planet Earth.
I don't think that quantum computing would stay a problem, even if it initially starts that way. With every type of breach, there will always be new advances made by blockchain to counteract it. Just because operating systems get viruses, doesn't mean that they can't be updated!
Crypto currencies are changing the world and I am happy to become part of this through steemit. Nice article .
i fully agree, crazy how many people are still skeptical about crypto
Different type of business are starting to include cryptocurrencies. I think that eventually it will really change the future for the better.
We have to begin to understand that this is going to be a change in the way we relate to the economy
Best of luck
Nice post
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Nice comment
That's a very detailed information about Crypto's I hope it will do good as time pass by. Thank you for this!
Congratulations