Showing posts with label Bitcoin investment. Show all posts
Showing posts with label Bitcoin investment. Show all posts

Monday, July 20, 2015

The Economic Reformation: A New Ninety-Five Theses

The government is corrupt and needlessly violent and insane. The politicians who run it are in cahoots with banks and they are exercising monetary dictatorship over the population. Their abuses are legion. They are printing money arbitrarily and using it to shield their extortion rackets and build bombs to kill people. The individuals involved in this ugly empire are also typing their own salaries into computers, and selling the future labor of the unborn to the highest bidders. The whole system has failed on a fundamentally humanitarian level; it has caused the financial ruin and heartache of many innocent, hard-working people. It is time to abolish it.

It is time to nail the people's Ninety-Five Theses on the wall of the banking cartel, display their abuses with the world, and enforce demands. Their own selling of political indulges to their supporters and child-eaters must end.


But this new Ninety-Five Theses is not merely a description of the evils and a request to cease and desist. This letter is a program, a protocol, a consensus, a mathematical methodology to obliterate systemic methods of totalitarianism. It is the panacea that will be used to halt the evils of white-collar, bureaucratic crime. It is called Bitcoin. It is Jesus returned in the form of hash functions and private keys.

Bitcoin works as the redeemer of finance by being totally decentralized and removed from the grubby paws of the political elites. There is no way any one individual can control Bitcoin, because the network of which it is built is based on peer-2-peer, open source technology. In other words, for anything to change in the system, everyone involved in network protocol has to agree. Thus, no arbitrarily printing money. No controlling interest rates. No freezing assets. No keeping failed businesses solvent by bailing them out. No more lies. No more central enforcement via the currency supply.

This actionable version of the Ninety-Five Theses allows people to control their own money. They are their own banks. The Bitcoin network functions so that each person maintains his own private keys, so only he controls the money flow from his wallet.

This tech is revolutionary in that it allows the person to sidestep authority without lifting a firearm. This is economic self-defense. This is a kind of financial treatise against the system that Martin Luther would be proud of, and he would gladly nail it upon the walls of all evil everywhere, because this one is stamped globally, for eternity.

Bitcoin also provides a transparent domain through the blockchain ledger. This means, even if a nefarious company devolves into criminality and hurting innocent people, their machinations would be quickly revealed. Therefore, it would be in a businesses best interest to publicize their accounts if they are honest. The new Ninety-Five-Theses, then, provides ample ways not only to name evil and fight back, but it has built in protections against future problems.

This is the state of the world and it intensifies with the global economic revolution through the insurgency of Bitcoin and other Cryptocurrencies. The playing field is finally leveled and folks are able to reroute their hard work into sound money, and simultaneously ignore the commands and dictates of people in power who only care of their own interests and agendas.

Every sovereign soul has spoken. The people have unleashed the digital Ninety-Five Theses upon the world. The resulting paradigm shift is well under way. The game is over for the power-mongers and their abuses. Bitcoin has arrived, and it is here to stay, in one form or the other.

What does Bitcoin mean to you, do you see it as freedom?

Image Source: Bookmasters.com
Sterlin Lujan

Sunday, July 12, 2015

Chicago Bitcoin Center: Chicago's Bitcoin Incubator

Bitcoin is growing. Adoption rates are rising in every major city and Bitcoin business keep popping up in those cities. Cryptocurrency and financial tech are capitalizing globally. This precedence is taking place in the city of Chicago at a vast rate. Chicago is home to 4,300 financial trading businesses and generates close to one quarter of the world’s derivative trading volume. On July 11, Chicago's Bitcoin Center added a bitcoin-focused incubator launched at 1871.

Also read: Ben Lawsky's Revolving Door
“The viability of digital currency is increasing.” ~ Howard Tullman, CEO of 1871

Established in January, The Bitcoin Center will engage with startups that are in tune with blockchain technology, “which provide a secure and trusted network for transmitting and transferring bitcoin and other forms of value," founder and CEO Matthew Roszak said. The newly formed incubator has backing by many leaders of the financial tech ecosystem.

Companies backing the center include Roszak’s own Chicago-based business, Tally Capital, as well ass DRW Trading, Chicago Ventures, and the Washington-based Chamber of Digital Commerce. Roszak’s Tally Capital is a firm dedicated to blockchain, and Bitcoin investments. With a massive growth of $904 million in financial tech growth, Chicago’s sights are set on the digital currency. The center's site reads:
“Anyone who is interested in the future of Bitcoin, Digital Currencies, and Blockchain Technology is encouraged to attend – New Users and Professionals are all welcome!”
The Bitcoin Center has regular meetings at the Chicago House of Blues, and 1871. Howard Tullman, CEO of 1871 told the local tribune, “the viability of digital currency is increasing.” He also said that 1871 now accepts payments in bitcoin, but “we’ll be rushing to the bank to convert it to dollars,” since some investors are afraid of the currency's stability.

Tullman also spoke about Citicoin, Citibank's venture into the blockchain world. Tullman said: 
“When you have the biggest banks in the world starting to acknowledge that this is a viable currency and everybody has to be involved in it, we think it’s going to have implications for our companies”  

With financial tech growing in Chicago at rapid speeds, Bitcoin seems to be finding a natural habitat in the city. With companies such as Fundology, Kahuna accounting, and Bolstr, FinTech businesses in the area are taking over in great strides. Tally Capital and 1871 are no different -- focusing on investing in the digital currency ecosystem. Tally Capital has invested in several leading crypto companies, including: BitFury, BitGo, GoCoin, Kraken and Xapo.
How would you rate Chicago as far as Bitcoin adoption is concerned? Let us know in the comments below!


Images: Shutterstock, Crypto-Graphics.com

Wednesday, July 8, 2015

China's Bleeding Stock Market


While many eyes are watching Greece, another large market bleeding. China's stock market opened on Sunday, July 5, 2015, following an incredible three week plunge, losing $2.36 trillion in market value. Many investors wonder if the losses in Chinese markets will billow outwards towards other countries.
Also read: Gold Takes a Backseat to Bitcoin During Greek Debt Crisis

Frederic Neumann of HSBC Holdings in Hong Kong said:

"What happens in China will turn out to be far more consequential than any sting that Greece may deliver over the coming weeks or months."

With 1.4 billion people and the world's second largest GDP, financial experts think that China's problems might have global consequences. "What happens in China will turn out to be far more consequential than any sting that Greece may deliver over the coming weeks or months,'' said Frederic Neumann, at HSBC Holdings in Hong Kong. The Shanghai Composite and Shenzhen Composite have both plunged about 30% from their highs over the course of this month. Government officials in Beijing are putting forth measures to ease the financial burden.

The Chinese government has offered a credit line to encourage leverage margin trading. In addition to this effort with other businesses, they've shown commitment to buy billions in stock and new IPOs. Officials stated that China’s central bank will give capital to China Securities Finance corp, in trade for the company to offer margin lending. The practice is “high risk” and allows users to purchase stocks with borrowed money.

On July 7, commodities across the board hit a low. Silver dropped under $15 USD, showing a significant drop in the past six months. Crude oil fell 4% and Bitcoin dropped from a high of $275 USD down 5% over the course of Monday evening. When commodities drop this low, the typical reaction is to buy in anticipation of heightening economic hardships.

With China’s markets floundering, the people of the country may turn to safe-haven assets like Bitcoin to keep their wealth safe. In a Goldman Sachs sponsored analysis called “The Future of Finance,” the bank claims that 80% of exchanged Bitcoin is traded for Yuan. The Chinese bitcoin surge comes from lack of confidence in the Chinese economy. The yuan has weakened against the strengthening dollar and capital outflows increased at record rates.

China has had problems in the past with the PBOC warning the country about cryptocurrency. There currently is no explicit ban on buying, selling, or owning bitcoin. The central bank of China has classified the digital currency as a commodity. Without any regulatory commision on the subject, trading continues at full speed.

With countries surrounding Greece buying Bitcoin at vast rates, the question remains: will China follow suit, hedging the cryptocurrency?

Images courtesy of Shutterstock and Bloomberg.com