Recent CFTC Ruling Challenges Bitcoin And Digital Finance …

Since its inception, digital currencies like Bitcoin and digital finance have troubled governments and regulators across the globe. Some countries have chosen to classify these digital assets as legally recognized currencies because of their use by consumers, while other nations have chosen treat them as an illicit tool and banned their use outright. The United States is no exception to this legal scrutiny: the Internal Revenue Service has deemed Bitcoin is property, Obama released an executive order earlier this year allowing the government to seize digital currency without prior notice or due process, and most recently, the Commodities and Futures Trading Commision (CFTC) issued a statement that Bitcoin is indeed a commodity. This new decree is causing the legal teams of every major exchange in the space to scramble for regulatory compliance, lest they be forced to close doors like the unfortunate California based exchange Derivabit/Coinflip. One such firm has patiently awaited legal clarity regarding financial compliance and is preparing to go live.

Alt-Options is a Boston-based financial services company that offers a platform to trade Bitcoin derivatives in order to hedge risk and speculate efficiently. Their advance trading platform allows for scalability, as their exchange is not limited to a single derivative product or digital currency; additionally, their website is available in both English and Chinese Mandarin. The company has just released their public beta for paper trading and is filing paperwork to be compliant with the recent change in CFTC regulations.

Mining and Bitcoin storage is a risky venture due to price volatility. A financial option offers alternatives to miners selling their holdings by using the AOEX platform to either mitigate risk or gain extra income from selling contracts. Additionally, one can lock in the price they wish to buy or sell Bitcoin for a small premium. The AOEX platform attempts to mitigate price risk for its users in the safest way possible, by offering a wallet service that will be insured up to $250,000.

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Likewise, the Alt-Options updated platform caters to the needs of seasoned option traders. A new, robust analyzer engine allows traders to back test their option trading strategy and related risk without committing to any positions. The P&L (profit and loss) graph and scenario analysis give user a clear expectation of their potential earning/loss from each potential trade.

Analytics Page Includes:

• Advanced profit and loss graph
• Sensitivity analysis on expiration date & underlying
• Real time portfolio Greeks & risk analysis
• Strategy analyzer (multi-leg positions)

Source: Alt-Options

Alt-Options is working with several partners in the Bitcoin space to hold a paper (mock) trading competition to test their platform. A number of organizations such as the College Cryptocurrency Network and notable universities (Boston University, Yale, Carnegie Mellon) have already signed up for this event to compete alongside professional traders. Participation is completely free and top winners will receive cash and other prizes. The competition will be held during the first week of October more info can be found here.

Sign up for Alt-Options Bitcoin Trading today.

*Content Provided and Co Authored By Carole Anne Vetter


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Originally Launched in March of 2014 Canada eCoin [CDN] is a scrypt algorithm digital currency with merge mine-able support that over the course of the last year has seen it’s share of challenges within the cryptocurrency ecosystem.

The original developers seem to have all but given up on the project over the course of the last few months but just recently their has been a resurgence of this coin as it looks as if community members have taken over the development moving forward…

Community members have released the following statement with regards to Canada eCoin [CDN]:

“Please keep in mind, we are not the creators of the Canada eCoin [CDN] nor are we affiliated. We are just interested parties who wish we would have seen more from this coin from the start. So, we are going to do what we think should have been done in the first place. We are not aware of what happened to the original creators of this coin and we hope we are not stepping on any ones toes as
the community will take over development path of Canada eCoin [CDN] from this point on. Thanks for all the support from community members around the world, it is obvious we are all now on the right path.”

“DISCLAIMER: We are not affiliated in any way with the owners/creators of the Canada eCoin project or with any government or government agency. We are all Canadians, this is a team thing.

TO THE NAYSAYER: We don’t believe our coin or any other are intentionally created to be used for bad things. We think that the abilities wrapped up within a blockchain are exciting and interesting. We also believe that when governments around the world learn how to use one properly they will be joining in on all the fun.”

New developers of Canada eCoin [CDN] are currently working on bringing applications together to serve as consensus gathering and distribution tools, a general forum and will also be updating the core of Canada eCoin [CDN] to include all bug fixes from it’s mother-coin Litecoin.

Developers are planning to create the Canada eCoin Foundation for tracking of projects, people and funding and will be asking the users of the Canada eCoin to vote forward the features and structure of the organization. The Canada eCoin team encourages all users to join the Canada eCoin Foundation when launched as it will serve as a body for a unified voice.

Details of specific applications and time-lines are unpublished currently due to re-organization and schedule changes which depend on funding and manpower. As the foundation gets established all of these details will become public knowledge and consensus driven.

Developers further state:

“Patience is appreciated as we are all family oriented employees who donate their time to do this work out of the goodness of our hearts. We are working for free now so our children can be free later.“

A published ‘birds eye view’ of a work-path for expanding blockchain technology into service delivery using Canada eCoin and Ethereum as public ledgers with the intention of creating GigaGeek DAO, a peer-to-peer service delivery platform which will be publicly owned using a third blockchain (Asset, GigaGeek Peer Share) http://todo.ourcoin.ca

Addition of Canada eCoin CDN into Coinomi (Universal Bitcoin Wallet & the launch of two Mercury Servers (more Electrum) has been successful giving Canada eCoin CDN an extra boost in it’s goal of also being added to ShapeShift.io in the near future.

Developers are also working on a community social network using BitVote and Ethereum for consensus gathering, a rewards program for contributors (and on/off-line verification) as well as a new Twitter-Bot to engage users and give away Canada eCoins (@CanadaeCoin)

They also have outlined a road map here for more information: https://github.com/CanadaeCoin/announcements/blob/master/ann-cdn e08-25-2015.md

The new regime of developers stem from GigaGeek headed by Jason (koad) Zvaniga (owner & operator of GigaGeek Industries, a digital living concierge and consultancy company)

About The Developers:
“We are a team of Bitcoin enthusiasts that came together to pick up where the creators of the Canada eCoin project left off. We have been working on this project like it’s our full time job because we are excited about the blockchain and the possibilities it affords our evolution in and out of the financial sector”

Canada eCoin runs 20x faster than Bitcoin. This results in lightening fast confirmations so Canada eCoin can be used in face-to-face retail with ease. Canada eCoin’s 30 second block target means you can have 10 confirmations within 5 minutes.

The Canada eCoin and Sidechain Development Team, est 2015 is User Experience Centric. This means that the main focus in the development of this bleeding edge technology will always be based around the comfort and trust of the user.

Along with the standard Bitcoin style apps that are well known and easy to use, Canada eCoin has many projects evolving to help make it superior to those who are new to the cryptocoin world while making it super effective and efficient for the expert.

Canada eCoin is an open-source cryptography project featuring a public blockchain, merged-mining support and an all Canadian advanced multi-agenda research and development team.

Specifications:
Operating Metrics:
– 30 second block/confirmation target
– 100 million coins total
– Mining Algorithm: Scrypt – Merged minable as per Unified Scrypt Coin (USC)      codebase (DEC-2013)
– 120 block maturity
– block halving interval: every 500,000 blocks (or about every 173.6 days)
– difficulty adjustment target: once daily

Network Ports:
– Mainnet – RPC:34331 – P2P:34330
– Testnet – RPC:41331 – P2P:41330

Canada eCoin can currently be traded on Bleutrade exchange and is in the process of being voted onto Cryptsy and Cryptfolio and now has a live pool at http://pool.canadaecoin.ca

Canada eCoin [CDN] also has plans to collaborate with a number of projects within the ecosystem moving forward into the future though nothing is in concrete just yet… developers have been reviewing collaboration with start-ups Bountyshares, CoinRaQ and others that can show a solid, consensus based, use case driven nature to projects.

In conclusion Canada eCoin has always performed well technically in retrospect but has faced some challenges along the way as many coins including Bitcoin have over the last couple of years.

However, Canada eCoin has weathered those challenges and through it’s dedicated community and development team it looks as if Canada eCoin has a very bright future and should be considered a solid cryptocurrency that has stood the test of time unlike many coins “THAT HAVE COME AND GONE”
ceasing to exist within a 30 day time span…

Canada eCoin has shown to have staying power and the trust of a hard working community who has managed to keep Canada eCoin “ALIVE and KICKING”.

Bitcoin core developer Jeff Garzik has recently proposed a consensus based solution to the bitcoin block size debate and the proposal is drawing attention from some heavy hitters in the bitcoin ecosystem.

The block size debate began back in October 2014 when Gavin Andresen announced a proposal through the Bitcoin Foundation blog entitled “A Scalability Roadmap”. Since then ex-google developer Mike Hearn partnered up with Gavin and both have pushed for a significant increase in block size from 1mb to 20mb and failure to do so would be catastrophic if this increase was not implemented immediately and that this change would take place with or without the consensus of the bitcoin community, this approach was seen by the community as an act of totalitarianism which turned the debate into more of a civil war of sorts with both sides of the issue slinging mud…

Bitcoin XT has offered to reduce the initial increase from 20mb to 8mb with an annual gradual increase however it seems the community is not buying into the protocol with accusations that the XT version contains back doors to allow for 3rd party interference an on and on…

Enter Jeff Garzik and the BIP100 solution who argues that an increase is definitely needed but should be increased through a framework where the network increases block size by consensus which would be a lower risk technically and politically than a hard fork. Block sizes exceeding 1mb may be selected without flag day network upgrade. Small size increments limit the potential for unexpected harm to bitcoin network security and allow the network time for testing, preparing and adjusting to overall behavior. More complex solutions such as extension blocks are rejected in favor of a one time simple change that will greatly reduce the need  for future hard forks in this area.

Protocol changes proposed:

  • Hard fork, to
  • Remove static 1MB block size limit.
  • Simultaneously, add a new floating block size limit, set to 1MB.
  • The historical 32MB limit remains.
  • Schedule the hard fork on testnet for September 1, 2015.
  • Schedule the hard fork on bitcoin main chain for January 11, 2016.
  • Changing the 1MB limit is accomplished in a manner similar to BIP 34, a one­way lock­in upgrade with a 12,000 block (3 month) threshold by 90% of the blocks.
  • Limit increase or decrease may not exceed 2x in any one step.
  • Miners vote by encoding ‘BV’+BlockSizeRequestValue into coinbase scriptSig, e.g. “/BV8000000/” to vote for 8M. Votes are evaluated by dropping bottom 20% and top 20%, and then the most common floor (minimum) is chosen.

BIP100 accomplishes several goals:

  • Demonstrates that change is possible and that the Bitcoin protocol can be upgraded
  • Eliminates 1MB limit as impediment to adoption
  • Removes hard fork risks
  • A “Keep It Simple Stupid” solution in terms of code changes
  • An upgraded path yet restrained until problems and solutions are better understood

This approach introduces friction into the block size increase process making it scalable but giving participants in the system sufficient time to observe system behavior and change course moving to a system where the market decides block size optimization.

Some of the more notable names that have taken a stand for BIP100 include F2Pool, AntPool, BitFury, BTCChina, BW Pool, Eligius, KnCMiner, Slush, 21Inc, Telco 214 and GHash.io to name a few.

This debate has now been out of control for the past 6+ months and has seen it’s share of in-fighting between core developers but it is way too ridiculous at this point and something has to click in order for bitcoin to survive… The bitcoin community has been divided and is primed to be conquered if a solution is not found, a solution for the good of all not just the few! BIP100 seems to be the solution that may achieve this goal.

For more information and to educate yourself on BIP100 visit: http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf

 

Bitcoin has brought with it a plethora of new terminology. Not too long ago, when someone said “hash”, mathematics was not the first thought to enter most people’s minds.

The collapse of Mt. Gox in 2014 brought about the term “Gox’ed”. Millions of dollars’ worth of Bitcoin (not so?) magically disappearing and reappearing in “old wallets” enraged thousands of people.

Protection by bankruptcy filings, lack of a common definition of what type of asset Bitcoins were, and shear geological distance made the situation even more frustrating for people that had placed their life’s savings in the hands of the French born 30 year old Mr. Karpeles.

Some investors even went as far to fly to Japan to and protest the disappearance of their investment outside the office of Mark Karpeles and his, at one time the largest, Mt. Gox Bitcoin exchange.

It would appear now, to be Gox’ed means to be misled, spoofed, and flat out lied to and robbed in the fantastical way.

Some estimations place the missing Bitcoin from Mt. Gox as high as 7% of the total Bitcoins in existence. Hundreds of millions of dollars surly found its way somewhere and someone does know the answers to the question of “where did it all go?”

Finally an arrest was made and the glimmer of hope for answers is finally looming on the horizon.

The impact of the collapse of Mt. Gox was greater than just the tragic losses investors suffered. It, along with the numerous other alleged hacks, glitches, and unexplained “magic” events leaving common people holding the bag, has cast a great shadow of distrust onto the entire industry.

Events like this prosecution and forth coming sentencing are a great sight for honest people. I hope the term Gox’ed gets further defined as paying the price for an attempt of theft in such a grand scale.

Many honest people would like to see the “You got Gox’ed” phrase be re-coined to mean “justice, however long it takes, will be served.” In history, time has had a way of sifting out the evil doers.

Unfortunately, Japanese courts have now ruled against a man seeking compensation over lost Bitcoins, stating the digital currency cannot be owned.

The Tokyo District Court said Bitcoin was “not subject to ownership,” effectively dismissing the lawsuit seeking repayment.

Judge Masumi Kurachi ruled that Japanese law only allowed for proprietorship of tangible entities that occupy space and which allow for exclusive control.

As such, Bitcoin could not be owned. An example the judge gave was that transactions between users must involve a third party and therefore exclusive control over Bitcoins was not possible.

This could be what ultimately ends up being the case for the Mt Gox debacle if left to the Japanese courts to decide, so brace yourself because this may just be the price we pay to have freedom of controls in our financial systems.

Welcome to the “Wild, Wild West” of digital currency!!

Founded August 10, 2014 , Burstcoin [BURST] uses a unique algorithm called Proof of Capacity or (PoC), which utilizes unused hard disk drive space instead of a processor or graphics card while mining for BURST. Miners can pre-generate chunks of data known as ‘plots’ which are then saved to the hard disk. The number of plots stored is effectively the mining speed. Every block a miner skims through saved plots and calculates an amount of time until it is able to mine a block if another block hasn’t yet been found. Plots only need be generated once with a computer processor unit (CPU) or graphic card (GPU) making BURST hardware and energy friendly.

BURST is for everyone, ASICS will never be more efficient than spare hard disk space running mining operations in the background while a PC is powered on.

The way BURST works is like this, miners generate and cache chunks of data known as ‘plots’, which are divided into 4096 portions known as ‘scoops’.

Plots are generated by taking a public address and a nonce, then hashing it, pre-appending the resulting hash, repeating the hash-pre-append cycle many times, and then hashing the whole thing and xor’ing the last hash with the whole thing.

Lots are staggered together so chunks of the same scoop number are together, then written to disk.

Each block has a generation signature which is derived only from the previous block’s generation signature and miner, so it is difficult to manipulate.

When mining, the scoop number to be used for a block is derived from the generation signature and the block height, so the miner reads all relevant scoops (each plot will have 1 relevant scoop, and staggering allows for larger sequential read with less seeking). Only 0.024% of the stored data will need to be read each block.

The generation signature is hashed with each scoop. Eight bytes are taken from the hash, then divided by a scaling factor (inverse difficulty). The resulting number is a number of seconds. If that many seconds passes since the last block without a new one, the address/nonce combination used to generate that plot/scoop is eligible to announce a new block.

Then the miner’s hardware can just sit idle until a new block is announced. The address/nonce is included in the block as proof of eligibility, and the block is signed by that address.

Technically, this mining process can be mined PoW-style, however mining it as intended will yield thousands of times the hashrate, and your hardware will sit idle most of the time.

Continuously hashing until a block is found is unnecessary, as waiting long enough will cause any nonce to eventually become valid.

BURST is not only the first Proof of Capacity (PoC) currency additionally there are no clones are in existence as of yet,  but since the launch in mid-August 2014 the main developer has put immense effort on improving BURST. Often the coin is referred to as simply BURST, as that is the handle on the exchanges.

Recently, with the announcement of BURST being the first and only HDD-mining coin, they have also announced that it has now also become the first cryptocurrency to implement Smart Contracts within a live environment.

You have probably heard of Smart Contracts as Ethereum and Counterparty have been in the limelight with regards to implementing Smart Contracts which both are still in development. However, you can now start writing Smart Contracts with BURST today.

Users today are discovering that Bitcoin is not anonymous but pseudonymous, able to be tracked and traced by third parties with the right resources.

BURST has now also addressed this problem with a solution known as atomic cross chain transactions which is considered to be decentralized trading between different currency platforms. Users can trade BURST with a coin that provides a mixing service for the purposes of privacy, then sends it right back to a new BURST account with no third party interference. Recently this has been successfully achieved by both BURST and QORA another second generation cryptocurrency.

As BURST enters it’s second year it looks as if developers have big plans and are celebrating the 1 year anniversary of BURST by unveiling these new developments to start the new year off in the right direction.

As a community let’s all wish BURST a Happy 1st Birthday and give the new HDD wallets a spin and start cutting back on those high electric bills!!

Bitcoin doublers, gambling, betting, trading bots, investments and other methods of so called “bitcoin opportunities” abound on the internet today. All claim to be safe and secure ways of increasing your bitcoin stash.

After evaluating different so called opportunities, There is one particularly more reliable than most, though loss is still possible.

BTCjam has the mission statement that they “make credit affordable and accessible everywhere.”

BTCjam has provided more than $13 million dollars in over 15,000 loans, and due to the very nature of bitcoin, individuals that may not have the opportunity or access to loans can in many instances, apply for a loan and receive the funds in a matter of a few days.

BTCjam works in two separate areas: borrowing and investing, each has slightly different requirements and risk and rewards vary.

As a borrower, you first set up an account and then, through a verification process start to establish a credit rating.

The process involves verifying through social media platforms including Facebook, LinkedIn, BTC Talk and various others; services like Coinbase, PayPal and Ebay, your address, personal identification, income, banking and credit card information and other details.

As each becomes verified your credit rating increases. This author completed all but two verifications and received a C+ credit score. As an investor, these options are available and recommended, but not required.

Once one has reached minimum verification requirements, including address, a loan application can be completed and submitted.

The major negative for borrowers in the interest rate for those with low credit scores and can be greater than 50% if there is no borrowing or investing history and a minimum D- credit score.

This, of course, is a means to encourage investors and offset a greater likelihood of default. It must be stated, that the more information that is verified, the easier and more economical the interest rates.

As an example let’s say an individual applies for a business investment loan of 0.75 BTC, in order to secure new hosting for development of 5 new free coin faucets as well as a reserve for scaling up to faster and more reliable hosting. It would take an estimated 30 hours to reach 100% of the loan goal, and after accepting an interest rate of say 17.85%, an individual would receive funds deposited into a bank account in less than 4 days after completing the loan application.

The service has shown to be simple, and fairly painless, and after setting up an account simply requires the deposit of some bitcoin.

Once you have some working capital, visit the ‘Browse Listings’ and review loan application. You will see the amount, purpose, interest rate, repayment schedule, yield and the credit rating.

Those with an A credit rating and solid history can receive loans with the low interest rate of 2.85% annually; whereas the highest risk loans can be 50% or greater.

Deciding who to invest in may be a science or an art, depending on who you ask and many investors make it clear they have their own personal strategies.

Loans fund, or become available to the borrower once they are 70% funded, and can remain open for 14 days. The borrower can choose to activate or accept the loan once the minimum investment percentage is met, though they can wait until it is 100% funded or the application deadline has been reached.

The dashboard for both borrowers and investors is pretty simple to use with two exceptions. The first allows you to give or receive references to other users, and it is difficult to figure out how to request a reference from someone that is not showing on your suggestions page. The second is determining if a loan has been accepted by the borrower.

Viewing your loan, payments to be made, investments and other important information is simple and clear. When reviewing ones loans, the dashboard provides easy click payment options, a calendar for payment dates and amounts paid for principle and interest.

For the investor, similar data is available and one really nice feature is the Payments/Status section which tells you graphically how many payments are due in total and how many have been received already. In a few seconds it is clear how each investment is doing.

BTCjam offers an auto investing feature, which currently is yielding better than 19% and is very simple to set up and use. This is a data driven method that helps to reduce overall risk through diversification while increasing investment profit.

In addition to the auto investing, there is a ‘Notes’ market that allows you to sell and purchase investment ‘notes’ in a simple commodity styled format.

The future looks strong for bitcoin and those businesses that follow and innovate in the Satoshi Nakamoto mentality.

BTCjam provides a simple yet effective service, and because of this simplicity, it has been successful in spreading the decentralized economic theme around the world.

According to the BTCjam website, borrowers have received loans in more than 200 countries. Based in the Silicon Valley, the founders and staff are dedicated and highly respected and are clearly motivated to continually move forward in this bold new era.

Nicholas Guccione is the youngest son of the late Bob Guccione Founder of PENTHOUSE and OMNI Magazines and General Media International.
The launch of GuccioneCoin [GCC] is a one of a kind cryptocurrency with a gigantic built-in community primed for the benefits of decentralized, anonymous, low cost blockchain technology.
Nicholas Guccione began his Crypto-Research a little over a year ago. He has helped a few Cryptocurrencies and the coinciding Development Teams primarily through endorsements.  After spending a lifetime growing up around PENTHOUSE he knew the importance of Payment Processors and the Banks that they represent.
Nicholas noticed one of the major failure points in the payments system in regards to subscriptions or other items purchased through PENTHOUSE was the lack of anonymity when utilizing Credit Cards. The customers privacy goes out the window.
From the beginning Nicholas noticed that there could be benefits in using CryptoCurrency instead of traditional methods of banking such as with high interest Credit Cards.
He also noticed that they could be used for micro purchases which Credit Cards still have not been able to achieve due to their fee structure. Protecting the anonymity of customers in the high end Erotica industry is very important.
This can be accomplished and still fall within compliance of the Global KYC/AML Guidelines.
Cryptocurrencies can allow for Micro-Purchases of digital content. These are some of the reasons that Guccionecoin was created. Nicholas has been working successfully for over a year obtaining digital content and media to be used inside some of the first editions of the Online Magazine that he is planning on building.
This Online Magazine will be built in the Spirit of PENTHOUSE and possibly called ‘Pure Guccione’ which is currently the leading title.
Nicholas realizes that there is plenty of competition out there in regards to adult entertainment that is free. In fact most all of it is free. However none of it can compare with the quality of the experience you get from viewing HD Media plus high end live Streaming 3D Video and movies.
The plan here is to create a market with GuccioneCoin, while continuing to build the Online Magazine which is a separate Guccione project that will accept Guccionecoin [GCC] as a merchant for payment on both a large and micro purchase scale of new and existing digital content.
Nicholas Guccione will be starring in a reality show this coming Winter 2015. The reality show will cover his daily life including GuccioneCoin and the building of the Online Magazine. It will also delve into his very private past, dating back to the early 1980’s when his father was one of the 400 most richest men in the world.
It will cover his early experiences when he first began working in the Mailroom at PENTHOUSE INTERNATIONAL to nearly 20 years later when he became the CEO of PENTHOUSE VIDEO.
The crypto-ecosystem could not have a greater person than Nicholas Guccione joining its ranks as a staunch advocate of cryptocurrency.
He has also had the pleasure over the last year to meet and work with TIT Developer Edward Mansfield and Patrick McDonnell ‘The Coyote of Wall Street’ and is also close to the Italian owner of The BitCoin Garden, Secco from Tuscany one of Bitcoin’s finest gentleman and experts.
The technical aspects and allocation of all data for Guccionecoin [GCC] will be covered in the white paper that has now had its due date extended until possibly Fall of 2015.
Everyone is welcome to join in the development of Guccionecoin and become part of the team today!

Batman switches phone service from BatPhone to the new, better and safer alternative.

BitPhone, from Solid Cloud, is changing the world once again using bitcoin technology. BitPhone does not require registration for use, and is in fact an anonymous payphone.

BitPhone is Web RTC (Web Real Time Communications) based that can call SIP (ViOP uniform locator similar to URL) addresses, PSTN (Public Switch Telephone Network) Phones and can provide Peer-to-Peer communication. It allows you to visit the website from any Wi-Fi connected phone or device, Internet Café, local library computer terminal or any place you can connect and simply requires a small deposit of some bitcoin or any other approved altcoin, and you can place your call anywhere in the world to more than 200 countries.

BitPhone allows users to change their ‘Caller ID’ to anything they want and all calls are private, secure and encrypted! The anonymous calls function is implemented by hiding your Caller ID, and works on most devices and smart phone.

No software install is required, you can call directly from your browser. BitPhone allows you a refund of any unused balance, unlike Skype which requires a $10 permanent deposit.

Currently you can pay for your calls using bitcoin, dash, litecoin, dogecoin, startcoin, ripple, mastercoin, namecoin and many other altcoins!

Bitphone does not require you to register or install any special software; however, registered users do receive a savings of 15-25% on call rates.

Keystone 2015 Los Angles is set for August 3rd 2015, and is entitled “How to Harness the Distributed Ledger” and will be discussed in great detail by many of the Financial Tech superstars and leaders.

A few of the cryptocurrency names that will be speaking include Peter Rizzo (US Editor – Coindesk), Vinny Lingham (CEO – Gyft), Will O’Brien (LP – Blockchain Capital), Daniel Palacio (Founder – Authy) and more than a two dozen top specialists in the financial innovation sector.

Keystone 2015 states that “everything you know about ledgers is about to change.” The extent of opportunities for the blockchain and distributed ledger is still in its infancy, yet it seems the sky is the limit.

Every day there is news that another company is considering how this experiment called “bitcoin” has changed the entire operating processes of how money is used, transferred and of course, maintained in ledger.

We in the altcoin community appreciate the power and innovation that has spawned following the release of bitcoin, and may muse from time-to-time as to why everyone else has not got it figured out yet.

Robleh Ali of the Bank’s Financial Market Infrastructure Directorate released in his paper stated that “although the monetary aspects of digital currencies have attracted considerable attention, the distributed ledger underlying their payment systems is a significant innovation.”

Keystone 2015 will address how this innovation can be used and harnessed to bring about global financial change in ways we can not even immagine.

The creation of the cryptocurrency has led to innovation, creation and even financial reform. There are a multitude of coins being released, though some have real power for change.

Kobocoin (KOBO), founded in Feb 2015 and has been very aggressive in building a highly secure and stable platform that is aimed at the African local business and remittance markets, with remittance currently totaling more than $80 billion per year in Africa alone.

Designed primarily as a P2P currency to be used for face-to-face local purchases with fast transaction times of about 2 minutes and low transaction fees.
Kobocoin is a PoS or Proof of Stake currency with 10% per annum growth per year credited daily, paid to every person that holds a funded wallet, continuing until full allocation of new coins have been placed into circulation.

Coins come and go, but what makes Kobocoin such a strong contender for Africa is the massive infrastructure that has been developed rivaling larger and more dominant digital currencies.

Currently, Kobocoin has digital wallets available for Windows, MacOS and mobile wallets for Android and Blackberry. The digital wallets currently allow for transactions in over 150 fiat currencies and are currently being integrated in to payment gateways and market place systems.

Founder Felix Ugoji stated that they have been “happy to be under the radar until now as it has kept the market pressure off Kobocoin and we’ve been allowed to develop organically and build a resilient platform/ecosystem.”

This platform includes geographically dispersed DNS seeders and Abe explorers to further secure Kobocoin.

In conclusion, Kobocoin is a coin that can truly benefit the people of Africa, while still utilizing the world economy.