Posts

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

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

Crypto Market Update 3

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

Peak Facebook?

Image
Now that we have crypto, facebook and other FANG related stocks are less valuable. The private ledgers of these FANG companies don’t provide as much public good as the public blockchains. In the future they will become less relevant. For example, this author describes peak facebook as a result of lower daily active users and monthly active users associated with the countries that generate cash for the company. Interestingly, the United States and Europe provide more revenue than most other regions. Also, note that these FANG companies briefly disallowed ads related to cryptocurrency projects on their platforms. They have since retracted that block, probably because they are desperate for the revenue provided by high growth crypto. In my opinion, investing in crypto is like skiing downhill vs cross country skiing. It’s more fun because gravity is your friend. The world is going in this direction. If you look at the Brave browser gaining in market share, this also is a bad omen for the o...

Bitcoin Cash Development Series

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

Crypto Market Update 2

Image
I believe the crypto market is going to go down in the short term based on the fact that many ERC-20 tokens could be considered securities. Also, the Ethereum-blockchain size has exceeded 1TB, and yes, it’s an issue. If you couple this with evidence that suggests Ripple’s XRP is a security (based on investor lawsuits), then one could postulate that there is a downward adjustment needed. Here are a few news sources to back up my thoughts:   Resources: https://www.linkedin.com/pulse/surviving-upcoming-erc20-crash-john-gotts/ https://www.coindesk.com/markets/2018/06/08/another-investor-lawsuit-claims-xrp-is-a-security/ https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62 Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original content. Don't miss out—share this post, and thank you for reading!

Should Traditional Finance Surrender To Bitcoin?

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

Financial Crisis 2018

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