Connect with us

Blockchain

History of currency and birth of virtual currency

Electronic currency payments such as cryptocurrencies are becoming widespread, but still most of the physical transactions use paper money and coins. Compared to the days when bartering transactions were used, modern transactions using “money” such as banknotes and coins are very convenient, and such convenient settlement methods have come to be used. Can be said to be a very natural result. Banknotes are said to have been born in medieval Europe. Goldsmiths, who were casting metal coins by mixing impurities such as copper and nickel into gold and silver, found that the value of money was not the original value

Published

on

Electronic currency payments such as cryptocurrencies are becoming widespread, but still most of the physical transactions use paper money and coins. Compared to the days when bartering transactions were used, modern transactions using “money” such as banknotes and coins are very convenient, and such convenient settlement methods have come to be used. Can be said to be a very natural result.

Banknotes are said to have been born in medieval Europe. Goldsmiths, who were casting metal coins by mixing impurities such as copper and nickel into gold and silver, found that the value of money was not the original value of “things,” but the support of power by powers. I was aware that it was a symbol.

In the current monetary system and capitalist economy, since the central bank can manipulate the value of money by adjusting the amount of supply of currency, it is possible to adjust the value of assets held by the people and it is possible to always make them poor.  Blockchain is not a centralized data management system, but a system in which multiple users on the network manage data in a distributed manner. Therefore, the risk of tampering is very low and a high level of security is guaranteed.

Bitcoin market size

Currently, it is said that the total amount of monetary currency in the world is about 5 trillion dollars, and about 1 trillion dollars for the Japanese yen. On the other hand, Bitcoin is about $ 78 billion, as mentioned above.

For Bitcoin, which does not have a country that issues or manages, there is no barrier to its distribution range. It is possible to use Bitcoin anytime, anywhere if you are connected to the internet.

As the Bank of Tokyo-Mitsubishi UPJ has announced that it will issue and manage “MUFJ coins” based on the Japanese yen, it is believed that all currencies will be digitized in the next 30 years. . Among them, there is no more global, safer and fairer electronic currency system except cryptocurrency.

It is easy to imagine that Bitcoin, which threatens the existence of international banks including central banks, will be regulated in various countries in the future, but even if regulated, the potential potential of cryptocurrencies is still We believe that it has the potential to surpass international currency.

Mining and miner

There are various blockchain projects such as Bitcoin and Ethereum these days, but in all of them, “miner” is indispensable.

A miner is a term that refers to a person who performs mining (mining) of cryptocurrency by executing processing defined by each cryptocurrency with specific hardware, such as saving transaction records and executing contracts. When changing the network protocol of each cryptocurrency, the mining share held by the miner becomes a voting right for the network, so it has a great influence on many cryptocurrencies that adopt the P2P type network. I can’t ignore the miners.

Therefore, it is the best way to control “mining”, which is the core of the cryptocurrency, so that we can take advantage of it in various cryptocurrencies that are expected to develop further in the future. Just as goldsmiths created the central bank system and managed the issuance of banknotes in the past, in the next generation of finance, miners can be goldsmiths. There are many mining sites which offer free suggestion to their customer how to do mining and how to make money using these websites.  More info about bitcoin is available here at bitcoin-storm.

Typical crypto assets include Bitcoin and Ethereum.

Cryptographic assets have received a great deal of attention as a mechanism that allows them to exchange their property values without going through a third party such as a bank.

Also, be aware that many cases of fraud related to crypto assets have been reported. For more details, please see “Please be aware of troubles related to crypto assets (virtual currency) by the Financial Services Agency, Consumer Affairs Agency, and National Police Agency”.

Also there are many countries which give permission for the mining and there is no limitation for them. In these countries one can easily do trading without any restriction on them.

This is a sponsored post. As it’s related to crypto trading, you should also read our risk warning. Read more in our editorial policy.

Our site is largely funded by affiliate links and advertising. If you click a link on our site we may receive renumeration. If you are using adblock, please whitelist us to support us, or if you’re a user of Tip us on Brave Browser Brave Browser, we’re a verified publisher, and welcome any tips!

Source: https://bitcoinsinireland.com/history-of-currency-and-birth-of-virtual-currency/

Blockchain

A Face Too Sexy For Social Media

Published

on


Fullmetal Magdalene

Being a 90s kid I don’t remember a time where female sexual empowerment wasn’t a hot topic. When Madonna kissed both Britney Spears and Christina Aguilera in their 2003 VMA performance people were shocked to see such behavior on TV. Fast forward to today where WAP has over 400 million views on YouTube with no age restriction on the video, photos and videos of scantily clad women flood all social media platforms, and popular streaming service Netflix hosts Cuties, a film featuring what some critics describe as ‘soft core porn’ involving girls at the young age of eleven.

As a female artist who explores my own relationship to feminine sexual energy in my works, I began posting my art to my social media accounts with no concern that any of them would be viewed as obscene or breaking community guidelines. None of the women in my pieces are engaged in sexual acts and they were created with the intent of exploring the female experience rather than as visual aids for sexual gratification. In fact, I have been met with criticism from viewers that my work is not sexually explicit enough for their liking.

My current NFT art series titled ‘Crypto Sluts’ plays with tongue-in-cheek sexual innuendo but is some of my most demure work. Each piece in the series features a portrait of a beautiful woman, face flushed and eyes rolled back in ecstasy, with a round item on her tongue sporting her favorite Cryptocurrency’s logo. ‘Crypto Slut’ is a self descriptive term I use for myself as I am not a maximalist for any crypto project but rather I prefer to experiment with them all. The collection itself is a representation of the passion I have witnessed the crypto community showing for their favorite projects, so Crypto Sluts felt like a perfect title. Innuendo aside, each piece shows absolutely no sexual activity nor adult theme. It’s drawn leaving interpretation completely up to the viewer, including what that round item on her tongue might be.

When the art reveal video for my Bitcoin Slut caught some traction on YouTube it was met with a near 50/50 like to dislike ratio and the comments were ‘WTF?’, ‘Why…’, and ‘I am utterly disgusted’. Unexpected but not terrible. Twitter flagged multiple posts of mine for using the word ‘Slut’ but I was able to resolve that. The most shocking was what happened on TikTok. TikTok is a platform where videos of girls under the age of 18 twerking in crop tops and booty shorts, strippers in the club dancing on stage, and women discussing working as Sugar Babies have hundreds of thousands of views. Artwork from my Crypto Sluts collection was flagged as ‘Adult Sexual Content’ so many times on TikTok that I was eventually restricted from posting. Each time my work was flagged I appealed and each time the team said that after review my posts were found to have in fact broken the platform rules of no adult sexual activity and were permanently removed. Compare this to Minds, a platform that requires users to flag NSFW content or face a channel strike. Not only am I not required to flag my Crypto Sluts as NSFW, but they are eligible for promotion across the site (Minds does not allow promotion of NSFW material and all promotions are reviewed by the platform).

I’ve experienced inconsistent censorship of my art before this, but this is the most perplexing circumstance. This and previous instances have created blurred lines of what is too sexy for social media and leaves me confused. Whereas I started publishing my work believing it would be met with general platform acceptance when compared to the content already being hosted, I now lack confidence in my ability to continue to share my art on social media with out fear of losing my entire account.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://medium.com/@fullmetalmagdalene/a-face-too-sexy-for-social-media-1fbb8d181872?source=rss——cryptocurrency-5

Continue Reading

Blockchain

Post-Bitcoin’s Mild Drop, El Salvador’s Bukele Reveals Excitement For A Larger Bitcoin Dip

Published

on

Why Bitcoin Is Unlikely To Ever Experience Another March-Like 50% Price Drop

Advertisement &  & 

Key Takeaways 

  • President Nayib Bukele is unfazed by Bitcoin’s price dip to $60k.
  • Bukele teases need for lower lows in a bid to tap into perfect entry point. 
  • El Salvador shows no sign of disposing its Bitcoin holdings in the long term.

The president of El Salvador is showing himself to be unshaken by Bitcoin’s price volatility. President Nayib Bukele is beginning to adopt the culture of calmness that many Bitcoin proponents have shown over the years when the market is hindered by a price drop.

In a recent tweet, the President is seen asking his followers whether to buy the dip or not. He then proceeds to tease the need for Bitcoin to drop even further, so as to allow him an opportunity to buy the asset at a much lower price.

“Should we buy the dip?

Or is it too small?

Come on guys, we need a better discount here!” said Bukele in a recent tweet.

The concept of buying low and holding till the price of Bitcoin goes higher is one that key players have preached and presented continuously as the least risky and most promising way to hold Bitcoin.

Because maximalists’ views are often tied around the belief that Bitcoin has more upside potential in every market —whether bearish or bullish— the act of holding regardless of how low the prices drop, is an indicator that the holders’ sentiments are bullish in the long term.

Advertisement &  & 
BTCUSD Chart By TradingView

For President Nayib Bukele who has expressed similar views in the past, it is clear where he stands with Bitcoin at this time. Recall that back in September, El Salvador bought an additional 150 Bitcoins, following the selloff that caused Bitcoin to shed $5,000 and sent its price down to $45,000.

Although Bukele’s methods have attracted criticism from many onlookers, his pattern of buying the dip is a bet that could pay off greatly in the long term.

In the past, long-term holders have also seen the most success with Bitcoin. Reports from on-chain analytical platform Glassnode have recorded holders who have not sold their assets for more than 3-years.

Notably, last year, when the price of Bitcoin hit $20,000, these holders saw their asset value surge significantly. However, for institutions and traders, the culture of exiting to avoid a perceived bear trend is normal. But for El Salvador, the question of selling seems to be out of the picture for now.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://zycrypto.com/post-bitcoins-mild-drop-el-salvadors-bukele-reveals-excitement-for-a-larger-bitcoin-dip/

Continue Reading

Blockchain

6 Common Mistakes of Crypto Beginners – Be Extremely Cautious!

Published

on

It takes more than diamond hands to succeed in this space

Don’t let yourself be blinded by greed! Photo by Thought Catalog from Unsplash

First rule: Don’t lose money

Second rule: Make money.

And always follow this order.

You’ve heard of people having 100x gains (or more!) on their crypto assets, it sounds amazing, right…

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://medium.com/yardcouch-com/6-common-mistakes-of-crypto-beginners-be-extremely-cautious-eb848e2c9ac8?source=rss——cryptocurrency-5

Continue Reading
Blockchain5 days ago

MEXC Will Launch ARPAUSDT, REEFUSDT, KEEPUSDT & NUUSDT Futures With 6,000 USDT Bonus Giveaway

Blockchain5 days ago

MEXC Exchange Will Launch BITUSDT Futures With 2,000 USDT Bonus Giveaway

Blockchain5 days ago

Charity and Community Focused Project ‘TheFloorNFT’ Announces New Artistic Collectibles on Ethereum

Blockchain5 days ago

Fozeus AMA: An AMA That Is Quite Promising And Interesting!

Blockchain5 days ago

Ripple CEO Calls Gensler and Clayton’s Meeting Before XRP Lawsuit “Bad Optics,” Here’s Why

Blockchain5 days ago

TA: Ethereum Breaking This Barrier Could Spark a Significant Surge

Blockchain5 days ago

Crypto Scammers Take Over Dating Apps Users’ iPhones

Blockchain5 days ago

Iain Rogers Joins UK Broker Finveo as New CEO

Blockchain5 days ago

Arbitrum extends lead over Optimism as Uniswap posts record volume on L2

Blockchain5 days ago

Binance Coin, Dogecoin Price Analysis: October 19, 2021

Blockchain5 days ago

Ausgaben der Qtum Chain Foundation für das dritte Quartal 2021

Blockchain5 days ago

FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware

Blockchain5 days ago

THEME: Slow week; literally, economies are slowing down (but not asset prices)

Blockchain5 days ago

Ethereum Price Holds Bullish Case Aiming For $4,400

Blockchain5 days ago

How I made $1300 profit from just $130 in 3 months Trading Crypto

Blockchain5 days ago

African Nation Ghana Prepares for the Offline Use of Its CBDC E-Cedi

Blockchain5 days ago

Top 100 Polygon Holders Collectively Own >90% of MATIC Supply

Blockchain5 days ago

TA: Bitcoin Consolidates Gain: What Could Trigger Fresh Rally

Blockchain5 days ago

Sanctions Top-5 for the week ending 15 October 2021

Blockchain5 days ago

Mitsubishi Power Receives Order of Two Gas Turbines for the Hunter Power Project in Australia

Trending