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.


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)

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 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:

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.

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

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 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:


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.

Cannabiscoin is a peer to peer digital cryptocurrency that is backed by medical cannabis. Many merchants accept cannabis coin to buy medical marijuana and supplies as needed.

In 23 different states across the U.S. cannabis is legal. Cannabiscoin is what many people are using today to by, sell or trade for the fluffy, sticky green stuff.

Cannabiscoin is simple, fast and safe to use in a variety of situations and enables its users around the world to purchase what they need according to a doctors prescription. There has always been a certain stigma surrounding Marijuana and its users, however this is not as true as it use to be, in the United States there is a huge push to legalize cannabis across the board.

Keep in mind; this is not your parents pot of the 70’s, today Marijuana is much stronger than ever and growers have now learned how to tweak or adjust cannabis depending upon a users personal needs.

There is a variety of reasons that doctors prescribe medical marijuana, these reasons stem from everything from anxiety, sleep disorders, seizures and cancer.

Some medical dispensary owners will even go as far as to donate some of their supply for the cause.

On the other hand studies say that there needs to be much more research on it. Facts show and prove there is no physical withdraws from marijuana compared to the narcotics being prescribed. People do seem to exhibit symptoms like “the munchies” when high so there may be slight weight gain as a result of use, however this is even controversial because if somebody does decide to “munch” they do have the choice to eat something healthy and low in calories.

Some people will argue the point that smoking marijuana is dangerous because of possible lung damage, today people have the choice to vaporize it or consume by eating brownies or other treats available in your local edibles shop or bakery.

In some opinions, vaporizing cannabis is the best way to consume the substance because basically one just vaporizing the pure THC from the plant and leaving the rest behind.

Like cryptocurrency, many believe cannabis is a big part of the future the legalization of marijuana across the board is just on the horizon. The twenty first century is jumping many hurdles and Cannabiscoin offers patients additional methods to pay for cannabis purchases, a method that is much safer than cash in this ever changing world we live.

Litecoin is often referred to as the silver to Bitcoin’s gold. It is one of the oldest and most successful digital currencies.

Litecoin had historically been second in market capitalization to Bitcoin and is still now third, behind Ripple.

Litecoin was released October 7, 2011 by Charles Lee, a former Google employee using the scrypt algorithm.

Legions of Litecoin hard-core miners, armed with their GPU mining rigs, will forever echo the litecoin battle cry and continue make the Litecoin network as secure as they possibly can.

In the past two weeks litecoin had nearly tripled in price, from $3 at the end of June to almost $9 ($8.65 more accurately) on July 10th.

Many speculations of why the price was soaring came to the surface from many sources, mining difficulty, forthcoming block reward halving, a Chinese influenced pump and dump, attacks on the bitcoin network all have been accredited to the relatively quickly soaring price.

Possible causes of the increase might be eliminated by what happened on July 10th when the price dropped, back to sub $4 prices on the same day it was nearing 200% growth.

The price dropping before the estimated Aug 25th 2015 block reward halving seems to be sufficient evidence that the block halving cannot be the cause of the price increase.The block reward halving may be fueling some demand certainly but, cannot be a the single explanation of recent upward movement.

Unlike the block reward halving, mining difficulty can never be projected. For that reason, mining difficulty and any reports suggesting mining difficulty, can surely be discredited as the explanation.

Speculation on the price increase stemming from a retraction coming from Bitcoin because of security concerns of the Bitcoin network can also be discredited given the price drop of Litecoin, so most likely Bitcoin did not reflect the price movements.

The price drop of July 10th, does offer some evidence of bulls in the market creating a pump and dump.

It may have garnered additional support coming from the anticipated block reward halving in the pump phase and that upward pressure from the block reward halving will continue.

The block reward halving means the same amount of electricity will yield half the number of coins.

Of course ignoring any mining difficulty changes and other unpredictable variables, the upcoming block reward halving is a definite signal of stronger demand and quite possibly what we are seeing is a premonition of things to come, in that light keep an eye on Litecoin in the coming days as this recent indecent could be a signal to venture back into the light.

Since mid 2014 we have witnessed the mass extinction of many of the altcoin exchanges that had been in existence at the beginning of 2014.

The question is “what happened”? Many say it is due to regulations while others attribute the disappearance to fraud and abuse.

While a few cases can be chalked up to the above mentioned causes, noting some of the well known examples of Mt. Gox, MintPal and CryptoRush there are still many unanswered questions.

During the same time period and almost simultaneously the number of “Bitcoin Only” exchanges began increasing on a massive scale and yet have not experienced any situation similar to what was experienced with the altcoin exchange, why?

If regulation is the cause why do we see an increase in “Bitcoin Only” exchange and a decrease in the altcoin exchange?

Do not get me wrong, regulation does play a roll and as we have seen recently the popular altcoin exchange “ShapeShift” has left the state of New York in protest of the new bit-license, ShapeShift simply moved to a more suitable location that does not have such “Orwellian” measures in place to maintain corrupt, centralized, financial control. That said, it is possible to get around regulation, even ItBit who by the way chose to remain in New York, found a way to work around regulation in a way that absorbs the impact of regulation and protects it’s users privacy to a certain extent.

Fraud is also another problem that affects the altcoin exchange and it seemed for a while it was almost systematic, hackings here, hackings there, we all understand fraud is a serious problem when it comes to finances however why were “Bitcoin Only” exchanges untouched? Why is it that the onslaught of hacking incidents were targeted at the altcoin exchange? Now, it is reasonable to say that hacking theft or fraud, in some cases can be attributed to an inside job like that of Mt.Gox however, the majority of cases were perpetrated by hackers on the outside, the hacking of Poloniex a popular altcoin exchange is an excellent example of outside interference. Since the attack, Poloniex has beefed up it’s security and is now one of the most used and trusted altcoin exchanges on the planet.

It seems that there is a selective process going on that may or may not include an assassination campaign targeted at the altcoin exchange. The rug is being pulled out from under the feet of the initial foundational concepts and ideals that came together to create Bitcoin and the blockchain in the first place. This technology has always been based on consensus which now is slowly fading to black as most exchanges in existence today are not taking this into consideration. Instead of allowing the community to choose which currencies get listed on an exchange as was initially in place, now the exchange itself makes those decisions which could be considered a conflict of interest to say the least.

Where is it all leading?

Are we witnessing a hostile takeover? Is Bitcoin being co-opted by nefarious parties for their own nefarious purposes? Thus, it would stand to reason that if this is the case, “competition is a sin” as the late J.D. Rockefeller proclaimed, unfortunately altcoins are competition and represent a threat that must be dealt with.

There is a battle waging in the world of digital currency and there are signs of this battle all over the place, if you look close enough, you will notice that something is amiss. There undoubtedly is an attack being carried out against altcoins and the altcoin exchange. If you look closely at the big picture you will begin to see something that is very familiar but extremely bad for bitcoin and the whole ecosystem, what you will see are the beginning stages of the harnessing of bitcoin and the blockchain by individuals who want nothing more than to centralize and control it, they are the same individuals who drove the current fiat system into the ground and now they are attempting to infiltrate and co-opt our only lifeline to financial freedom and possibly a world where transparency in all things is possible.

Those of us who have helped to develop this technology to this point realize what is going on and recognize the importance of educating the masses not only on the technology but also on the threats to our freedoms as we know them today if this technology falls into the wrong hands.

Do not let history repeat itself!

OKCash [OK] is a next generation, social, secure, decentralized and user friendly digital currency. Formerly known as PimpCash the community decided it was time to re-brand the currency to appeal to a wider audience making it easier to integrate into new markets.

Since shedding it’s skin so to speak and announcing it’s new identity OKCash has done some amazing things and has had a major impact on it’s market performance.

OKCash is a PoW/PoS Hybrid cryptocurrency, the PoW phase has long since ended however the PoS functionality is alive and well paying out an annual 69% stake reward after only 8-24 hours in the first year.
With just under 50 million max coins in circulation, OkCash has built a solid community of over 36,245 payment addresses in use with 839 of those addresses carrying balances of 1000+

Transactions are almost instantaneous making OKCash great for sending to family, friends or paying for goods and services anywhere in the world. You can also accept payments anywhere in the world with absolutely no processing fees.
OKCash makes it fun and easy for everyone to share and spend via social networks, bringing people together through social payments.

OKCash wallets available for download for Window, Mac OSX, Ubuntu Linux and Raspberry Pi. OKCash can also be purchased and traded at Bittrex, Bleutrade, Cryptopia, YoBit and C-Cex

Recently, OKCash has has joined the likes of Bitcoin, Litecoin and Dogecoin integrating with Raspberry Pi’s [Raspbian OS] ROKOS V1 & V2 including a synched and fully functional wallet out of the box.

OKCash holds community events worldwide to Support Bitcoin [BTC] and OKCash [OK] awareness, education and adoption.

OKCash has been very active and is looking to take its place among the leading cryptocurrencies on the market. If you are just hearing about OKCash it would be wise to put them on your radar of cryptocurrencies to watch moving forward.

OKCash has BIG plans and has taken the necessary steps to ensure success. OKCash has stood the test of time and has not thrown in the towel, they remain a viable and promising alternative digital currency and looks to be here for the long term.