The rise of the digital currency

Innovation Sometimes Requires Us to Take Two Steps Backwards in Order to Move Forward  "I can relate to the sleepless nights of Edison who failed over and over again to solve the mystery of a functional light-bulb as we press forward to build the 1st “Abundance-Based” currency. I can also relate to the great Steve Jobs who failed many times publicly, and through all the embarrassment and emotional fits of rage and depression managed to build one of the greatest computer empires. I have some good news and some bad news, so I’m of course, I’m going to give you the bad news first…  The backlog on TBC transactions continues to increase.  This is not a small problem, this ever increasing backlog of about 50,000 TBC transactions at this time, is screwing up our tests as we experiment with the crypto-currency code in our attempts to get TBC transactions to complete fully (100%) and do so quickly.  We are completing thousands of TBC transaction daily as you can see by watching the

This was posted on the TBC blog, so the information here goes to the TBCians Please Watch: https://youtu.be/ZPfTg3_wjtc Why are some people so anxious to sell their TBC coins right now, when we have asked everyone to avoid doing transactions during this period of technical difficulties with the TBC coin transactions?  TBC has demonstrated the power to debug many software issues over the 18 months we have been around, and at this time most of the TBC coin transactions are confirming on both the Seller and Buyer sides in about 8 hours from the time the transaction was initiated.  This is a very big improvement since the time we first encountered a backlog in our TBC Blockchain about two months ago.  But we still need more time to completely fix this issue so that it will work fast in completing all transactions, like it should.  I have said many times, that doing transactions at this time, is like rolling the dice, you will not win every time right now, so it is risky for now. Have

Even if  bitcoin  – known to some as digital gold – is stealing the metal’s spotlight, one analyst points out that the cryptocurrency has a longs way to go before it catches up to bullion, at least in market cap. In dollar terms, bitcoin has surpassed gold prices by a landslide, recently hitting an all-time high above $4,000; meanwhile,  gold prices  continue to hover near $1,300 an ounce. However, if we look at the market cap of both these markets, gold is still king. “It's gold that could still mop the floor with bitcoin if we compare the two based on market cap,” wrote Sean Williams, a Motley Fool contributor since 2010, in a post Thursday. “Despite its recent strength, this writer continues to believe that avoiding bitcoin is a smart move…We've witnessed numerous assets increase in value like this before throughout history, and practically every one wound up having its bubble burst eventually. My suspicion is bitcoin will be no different, and uninformed investo

Just a few weeks after  bitcoin announced  that it was splitting into two separate entities, the initial version of bitcoin and it's new "bitcoin cash," the network is adding a third version,  per Motherboard. Bitcoin first split in two as a result of the initial network's failure to keep up with the market's rapid transaction growth. With the introduction of bitcoin cash (#2), the currency could offer a transaction capacity eight times the size of the original bitcoin, which developers hoped would ease some of the currency's current back-log issues (and so far bitcoin cash has done just that). But now,   a different group of bitcoin developers are urging for a third option, one that will combine the best of the two currencies; essentially a new bitcoin blockchain with its own set of rules. Potential problems:   Three separate currencies could spur a debate over which currency is understood as the "true bitcoin." And juggling three crypt

BTC/USD  Since the beginning of August a very powerful uptrend has formed in the BTC/USD pair. Positive news has attracted lots of new money to the market. The popularity dynamics of Bitcoin search inquiries is beating all records. All of this has impacted the exchange rate in a very positive way. If we turn to tech analysis, here is what’s going on: Volatility rise. $3900 support zone; the price has quickly bounced off this level several times. $4400 resistance zone; it does not look very strong, since there’s been no clear retest. The uptrend continues, there’s been no signals for reversal. There are no signals for selling, and most likely the rally will continue. However, in the current situation one should be very cautious, especially if you are a short-term trader. The $4400 resistance zone is an important point. If $4400 turns out to be a strong level, then a $3900 correction is possible. $3900 is a good level for buys. If the price goes above $4400 without resista

Bitcoin wallet startup Blockchain is today launching an option for users to create ethereum software wallets, a move that marks the first time the startup has integrated a new cryptocurrency since it launched in 2011. Announced today, the launch also coincides with a new partnership with cryptocurrency exchange service ShapeShift that will enable users to transition funds between their bitcoin and ethereum wallets, without first needing to send funds to a centralized service. But while Blockchain executives largely kept the focus on how this would enable retail users to continue to experiment with cryptocurrencies, in comments, they also hinted at the possible business applications that could be available should the service. CEO Peter Smith said in a statement: "As popularity of ethereum has grown, so has the desire from our customers to have the option to manage multiple digital assets within their blockchain wallets. We are thrilled to introduce this new functionality t

As expected, XRP prices took a cautiously bullish step yesterday, rising 1.03% on Ripple news about an expansion to China, the world’s largest market. Volatility in Ripple prices appeared to ease during the early morning hours, although that might be because fewer tokens exchanged hands this morning than they did last night. While that lower volatility reduces the chance for spectacular one-day gains, it likely gave Ripple investors some confidence after a week of hard losses. Bitcoin has been sucking up all the air in crypto markets lately, having successfully ploughed through its currency split. Investors had no idea what to expect when Bitcoin Cash forked off Bitcoin on August 1. There was an incredible amount of uncertainty, but that fog cleared quickly. It took Bitcoin Cash half a day to mine one block, showing us that BTC was in no immediate danger of losing its top spot. Markets were positively giddy after that tension was resolved, which is why Bitcoin prices are u

Bitcoin’s meteoric rise is leading some investors to argue that bitcoin is a better hedge against inflation and turmoil than gold, according to Morgan Stanley. Tom Price, a London-based equity strategist, said he’s been fielding more cryptocurrency questions after prices recently soared past US$4,000 a bitcoin, a five fold increase from November 2016. Both bitcoin and gold offer similar benefits as a store of value, such as being fungible, durable, portable, divisible and scarce, but it’s too soon to call bitcoin a superior investment, he says. ”Over millenia, gold has demonstrated its ability to endure and preserve value under all circumstances,” Price said in an Aug. 14 report. “By contrast, bitcoin’s global platform literally requires the lights to stay on.” The enthusiasm for bitcoin has reached a frenzy in recent weeks as more companies roll out improved trading technology. Earlier this month, a plan to move some data off the main network was activated in an effort to quick

Thanks to a subscriber for this report from  Morgan Stanley  which may be of interest. Here is a section: '...so you're a commodity analyst, and you don't track bitcoin? Should I be worried about that?' – bitcoin enthusiast… Better than gold? So for global money transfers – bitcoin's a good medium. Indeed, for this function, bitcoin's better than gold; probably better than conventional fiat currencies too (i.e. transaction costs). But the popular view that this immature currency is also superior to gold as a hedge against inflation/uncertainty, still needs to be tested. Eoin Treacy's view A link to the full report is posted in the Subscriber's Area. Gold is a store of value because of its immutability, relative scarcity, beauty and global acceptance as a fungible asset. The fact it has history on its side as a store of value ensures there will always be investment interest in the “barbaric relic”. Japan: Ignore Autos and Electron

Only a handful of Bitcoin wallet platforms and exchanges are supporting Bitcoin Cash deposits and withdrawals. Bitcoin users who received  Bitcoin Cash (BCH)  after the Aug. 1 hard fork can utilize secure wallet platforms from Trezor, BTC.com and BitGo to safely store BCH. The Aug. 1 hard fork execution of BCH had minimal impact on the Bitcoin network. Since then, Bitcoin has been on an upward trend, achieving new all-time highs amidst rising demand from institutional investors. However, Bitcoin Cash  has struggled to demonstrate consistent growth . Many Bitcoin exchanges and wallet platforms have expressed their reluctance in supporting BCH due to technical difficulties and issues. As Cointelegraph previously reported, even Trezor, which released a beta BCH wallet immediately after the fork was completed, explained that the integration of BCH was significantly harder than the team expected. In an official blog post, Trezor revealed some of the difficulties its development t

An Open Letter From CCB Master Team Leader Paul Morris First, let me say that 99% of the world does not own or ever has owned any part  of a Bitcoin.   When CCB 1st pre-launch Bitcoin was as low as $1950 a Bitcoin. This means if CCB encouraged you to buy even 1/10th of a Bitcoin when it launched for $195 less than 30 days ago when it pre-launched it would currently already be worth almost $400 with the potential of growing to over $1000 by the end of the year. Then you add the 2X's pool which would actually pay you back 2x's current or future value of such coin in time. This is an example at just 1/10. Some of you already came it a Bronze for 1.5 Bitcoin at a US $ cost as low as $3,000 and today it is already valued at almost $6,000 a $3000 increase in less than 30 days. Congratulation to anyone who already purchased an FAU Diamond package 30 days ago you are already up over $30,000 then we have to add the 2X's factor which would pay back at today's prices over $

An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It's somewhat similar to an Initial Public Offering (  IPO  ) in which investors purchase shares of a company.  ICOs are a relatively new phenomenon but have quickly become a dominant topic of discussion within the blockchain community. Many view ICO projects as unregulated securities that allow founders to raise an unjustified amount of capital, while others argue it is an innovation in the traditional venture-funding model. The U.S. Securities and Exchange Commission (SEC) has recently  reached a decision regarding the status of tokens issued in the infamous DAO ICO which has forced many projects and investors to re-examine the funding models of many ICOs. The most important criteria to consider is whether or not the token passes the  Howey test  . If it does, it must be treated as a security and

Payza is now offering a wide range of Bitcoins services that makes it easy for users to carry out various activities using Bitcoins. Payza, is a technology driven platform offering online money transfer services that can be used to send and receive money, process payroll, and even online shopping by creating an account quickly. It is used by organizations and individuals for sending and receiving money anytime, anywhere. This service is unique because of its intrinsic features; one of them is that its account holders can trade in different types of crypto currencies. Payza offers best Bitcoin services like no other online payment platform, thus giving a lot of convenience to its account holders. People wanting an account can opt for a personal or a business account. The personal account can be used to send and receive money in more than 190 countries around the globe. The aim of the service is to make available money instantly to people and assist them in using it as and when requ