5 Benefits of Trading Cryptocurrencies

When it comes to trading cryptocurrencies, you need to consider whether your chosen market will rise in price up or down. And most interestingly, you never own a digital asset. In fact, trade is done with derivative products such as CFDs. Let’s take a look at the benefits of cryptocurrency trading. Read on to learn more.

Volatility

While cryptocurrency is a new market, it is quite volatile due to short-term speculative interest. The value of bitcoin in just one year dropped to $ 5,851 from $ 19,378 in 2018. However, the value of other digital currencies is fairly stable, which is good news.

What makes this world so exciting is the variability in the value of cryptocurrency. Price movements offer many opportunities for traders. However, it also carries a lot of risk. So if you decide to study the market, just make sure you research and compose a risk management strategy.

Hours of operation

Usually the market is open for trading 24/7 as it is not regulated by any government. In addition, transactions are made between buyers and sellers around the world. There may be slight downtime during infrastructure upgrades.

Improved liquidity

Liquidity means how quickly a digital currency can be sold for cash. This feature is important because it allows you to speed up transaction time, increase accuracy and increase prices. As a rule, the market is illiquid, as financial transactions take place on different exchanges. Thus, small deals can lead to big changes in prices.

Exposure with debt exposure

Because CFD trading is considered a product of borrowed funds, you can open a position regarding what we call “margin”. In this case, the value of the deposit is a fraction of the trade value. This way, you can enjoy great exposure to the market without investing a lot of money.

A loss or gain will reflect the value of the position at the time of its closure. So if you trade on a margin, you can make a huge profit by investing a small amount of money. However, it also increases losses that may exceed your deposit in trading. So make sure you consider the total cost of the position before investing in the CFD.

It is also important to make sure you follow a solid risk management strategy, which should include appropriate restrictions and stops.

Quick account opening

If you want to buy cryptocurrencies, make sure you do so through an exchange. All you need to do is sign up for an exchange account and keep the currency in your wallet. Keep in mind that this process can be restrictive and time consuming and labor intensive. However, once the account is created, the rest of the process will run smoothly and without complications.

In short, these are some of the most well-known benefits of cryptocurrency trading here and now. I hope you find this article very helpful.

Is Bitcoin Safe?

Bitcoin is reportedly coming out on banned grounds as it creates controversy among “high” society and savvy digital investors. These digital marketers are trying to get their share of the digital pie by a billion dollars a day, while corporate society is looking to cut the spiraling rise in value that appears to be a “money threat”. Some who seek to exploit the poor and vulnerable do not feel this, trying to instill the masses, trying to stifle this “digital monster” that is growing.

These seemingly corporate crooks continue to stifle how the less fortunate spend money trying to create financial cartels around the world, but thanks to digital technologies bitcoin has revolutionized money control in the 21st!

Cons

Despite the rise of digital currencies such as bitcoin, it would be inappropriate not to disclose the disadvantages of these virtual currencies. Due to the fact that their digital footprints are encrypted, they cannot be traced online. While a person enjoys privacy and security when trading, it provides another gateway for concealing and committing illegal transactions.

If this happens, drug dealers guilty of terrorism and other faults will continue to trade illegally without detection when using bitcoins.

Pros

However, amid the monetary chaos, bitcoins provide anyone with tremendous investment opportunities and growth potential. No one controls the virtual currency because it can be accessed by the public in cyberspace, and its value continues to be assessed until society stumbles over the garbage of inflation.

The average person on the street can buy, save, trade, invest and increase their chances of becoming financially successful without the intervention of government restrictions, controls and trust rules; thus, spiraling inflation becomes a thing of the past.

Many really believe that the number one problem in our society is the creation of financial monopolies. When one corporation decides to control foreign exchange, gold and fuel, it uses its power to dictate how to spend money.

The rules set by large and affluent multi-corporations are only aimed at adding more wealth and power to their portfolio, not to the benefit of borrowers seeking financial assistance. Also, those upstairs are trying to drain the swamp so others can depend on them until they get richer, but can’t control the digital currency!

The brighter side of the coin

It’s time to open the eyes of the world, and that’s what bitcoin is all about. Those who try to rule the world are threatened by this Frankenstein, but I doubt they can stop it or make a shot. Currently, 1 bitcoin is worth 844099.07 Jamaican dollars or 6895.80 US dollars. The cost of 1 bitcoin in 2009 was $ 05!

What Is an E-Currency

This currency is issued independently by several companies. Some of the most popular of these are Liberty Reserve, Pecunix and WebMoney.

These digital units of value are used in online stores, point of sale services, payments from business to business and from person to person. Some organizations even pay their employees and charities at the expense of such money.

The digital currency in gold is backed by real gold, which is stored in vaults, through unallocated or dedicated gold vaults.

Its unit is a gram of gold or a troy ounce. It offers a payment system regardless of exchange rate changes and political or any kind of manipulation.

Moreover, deposits are protected from inflation, devaluation and other economic risks affecting fiat currencies dictated by the monetary policies of governments that harm the value of paper currencies, such as the fall of the investment market, bankruptcy, war and social unrest.

One of the most important features of digital units of value is the fact that they are non-refundable. Due to this, the operating costs of the system are significantly reduced because it does not have to resolve the payment dispute.

In addition, it allows you to instantly clear transactions, making funds immediately available to the recipient, as opposed to card and check payments.

As a result, millions of people today are dealing with digital currencies. This phenomenon later led to the emergence of several different types of digital currency. The following is a list of some of the most popular ones:

* EuroGoldCash: registered in Panama, but headquartered in Europe, it has a void in the market of private financial transactions in a safe, honest and polyphonic jurisdiction.

* Global Digital Pay: a private offshore online payment system with Digital Trade Network Ltd that handles foreign exchange reserves that back up the entire system.

* Reserve freedom: instant real-time currency for international trade; it is safe, secure and confidential

o gold (LR unit is represented by gold),

o USD (LR USD is equivalent to the dollar at face value),

o Euro (LR euro is equated to euro at face value)

* Pecunix: an offshore system with gold. If you want to keep digital gold in real vaults, in Switzerland Pecunix is ​​probably the best choice. Gold balance can also be converted to physical gold.

* C-Gold: A digital currency of gold backed by gold stored in vaults. It is fully redeemable for genuine physical gold bars, making the balance on the weight of the c-gold.com user account the same as buying physical gold without taxes and surcharges.

* WebMoney: an online payment system that allows you to make transactions with other WebMoney users or merchants in a number of currencies; WMG wallets are denominated in grams of gold.

However, a new trend when it comes to digital currency is that more and more people are choosing Liberty Reserve. Available in several forms, the Liberty Reserve is convenient, reliable and consistent in price.

You can turn your money into valuable LR units. The specific type of Liberty Reserve currency you buy depends on your individual needs and comfort level.

Bull Market Early or Bear Market Trap?

For virtual currency investors, the more important question is whether this round of rising currency prices is a reset of the bull market or a bear market trap.

Last night bitcoin experienced a high price in just one hour. The price has risen from a violence of about $ 6,800 to a maximum of $ 8,100. During the day it grew by almost 20%. Under the leadership of bitcoin, other virtual currencies have also started a strong rebound, profits in one currency have even exceeded 50%. Faced with the collective warming of the virtual currency market, many investors have shouted that the “bull market is back”.

According to CoinMarketCap, the market value of bitcoin has increased by almost $ 20 billion a day, and the entire virtual currency market has also experienced overall market growth. There was no “search” effect. According to the daily volume of bitcoin transactions, which exceeds 9 billion US dollars, billions of additional funds should enter the market yesterday, not stock funds.

In fact, during the bitcoin boom Bitfinex, a platform for digital currency trading, also recorded a number of major purchases. With the growth of bitcoin purchases, many shorts have been forced to close their positions, further expanding the market growth trend. In connection with this phenomenon, Nick Kirk, director of data according to “Cypher Capital”, also expressed his approval. At the same time, he also believes that this sharp rebound is likely to be a response to the release of early regulatory pressure.

Pantera Capital Management, one of the world’s largest hedge funds in the field of digital currencies, said bitcoin has bottomed out. $ 6,500 is the minimum copper for the bearish bitcoin market. For most of this year, bitcoins will be above that price and may even surpass the record of $ 20,000 last year.

Fundstrat founder Tom Lee also expressed confidence in bitcoins. He believes that the current Bitcoin P / B ratio and other indicators are almost the same as the bear market in late 2014, and has formed an important technical correction. Based on that, he said the value of bitcoin this year could more than triple and by the end of this year had risen to $ 25,000.

Historical data show that bitcoin did grow in the second quarter of the calendar year. In the second quarter of 2011, bitcoins grew by 1964%, by 36.25% in 2012 … 61.98% in 2016 and 131% in 2017.

Of course, the volume of OTC bitcoins is also showing signs of market recovery. Since March, bitcoin trading volumes in Canada, Europe, Vietnam, Mexico and Vietnam have grown to record highs.

With the consistent admission of major financial institutions such as hedge fund giant Soros and Rockefeller’s major financial group, the financial size of the virtual money market will be further expanded.

However, it should be noted that despite the fact that bitcoin is currently growing strongly, it is still in the downstream channel and has not yet been effectively disrupted. It remains to be seen whether the virtual currency market has really changed. Investors should always be vigilant and pay attention to position management.

More importantly, the world’s major bitcoin markets, including the US, have sought to create a regulatory framework. Uncertainty of regulation will inevitably have a greater impact on the short-term development of the virtual currency market. In the long run an orderly, healthy market can go even further.

Economics Book Review – The Ascent of Money, a Financial History of the World by Niall Ferguson

A cryptocurrency is a digital asset that is used primarily as a transaction tool to secure financial transactions, control the creation of additional assets, and verify any asset transfers using strong cryptographic technology. It is also known as a form of digital currency or virtual currency. Unlike central banking systems, it is a decentralized system of control and financial operations that operates through a blockchain that is used primarily for financial transactions.

The first decentralized virtual currency developed in 2009 was bitcoin, known as the virtual currency, and it operated on its own without the help of a central bank or administrator. Since then, about 4,000 altcoins of various bitcoin variants have been developed. Bitcoin is seen as a peer-to-peer electronic money system where users make transactions directly without intermediate products.

Blockchain is a data file consisting of many blocks, which keeps track of all previous bitcoin transactions, as well as the creation of new ones. The normal average time between each block is about 10 minutes. The most common use of bitcoins is supported by external software called Bitcoin wallet. Using this software, you can easily store, retrieve and manage bitcoin unit transactions. In order to make transactions using bitcoins, you need to have an account on any of the bitcoin exchanges around the world and transfer fiat currency to this account. This way, the account holder can make future transactions using these funds. Apart from bitcoin, other sources of cryptocurrency are oil, which is mainly used for oil reserves and minerals.

There are several pros and cons associated with using digital currency. The main advantages of using virtual currency are as follows: –

• Provides a fast layer of transparency: –

Usually bitcoin works through a book called Blockchain, which records and monitors each transaction. If a transaction is made and recorded in this book, it is considered static. These transactions can be further verified at any time in the future, and in addition, it also provides security and privacy with respect to all transactions made through a particular account.

• Fast processing and portable use: –

Billions of dollars in bitcoins can be easily transferred from one place to another without detection with a single memory drive. In any transaction, the involvement of any third party can be eliminated using this bitcoin technology. This will result in an easy and fast transaction without the permission of a third party,

• Low transaction costs: –

The transaction costs associated with exchanging these digital currencies are very lower, making it more affordable than real currency for people around the world. Thus, the cost of any transactions made is very small, which proves to be a beneficial feature for the public when they make any transactions.

• Fighting and eradicating poverty: –

Often banking systems and financial institutions do not provide assistance and assistance to particularly backward classes in rural areas. Bitcoin serves as an alternative in cases where it extends its reliable financial services to those who have access to the Internet. It often serves as a support for the poor and oppressed classes, who in most cases are not given a viable alternative.

With the advent of new or new technology with its use are also associated with some negative factors, which are as follows:

• Lack of knowledge and distrust of the population: –

Due to the lack of knowledge about digital currency, people often become distrustful of its widespread use. Thus, there are very few business systems that accept these sources of cryptocurrencies, hence the limitation of business systems that prefer to use virtual currency in their daily transactions.

• Non-traceable transactions: –

Because transactions made by bitcoins are impossible to trace, this provides room for criminal transactions. In such cases, drug dealers and unscrupulous individuals use such virtual currency to illegally detect their illegal activities.

• Volatile and uncertain nature: –

Cryptocurrency is sometimes volatile and continues to change frequently on a large scale. Sometimes people earn a considerable amount when the market rates of these virtual currencies rise rapidly, and sometimes they also face large losses when the price falls.

Cryptocurrency is an innovative but amateur concept that can potentially disrupt the entire financial market. True, this digital currency has attracted the world’s attention in a short period of time. Every new technology that emerges in the market always has advantages and disadvantages. To make the most of it, you need to make a decision on both sides.

The Basics of Cryptocurrency and the Way It Works

In the times we live in, technology has made incredible strides over any time in the past. This evolution has revised human life in virtually every aspect. In fact, this evolution is an ongoing process, and thus human life on earth is constantly improving day by day. One of the latest inclusions in this aspect is cryptocurrencies.

Cryptocurrency is nothing more than a digital currency that has been designed to impose security and anonymity in online money transactions. It uses cryptographic encryption to generate currency and verify transactions. New coins are created by a process called mining, while transactions are recorded in a public ledger called a “Chain of Transactional Blocks”.

A little way back

The evolution of cryptocurrency is mainly attributed to the virtual world of the Internet and involves the procedure of converting legible information into code, which is virtually impossible. This makes it easier to track purchases and transfers involving currency. Cryptography since its introduction in World War II to ensure communications security has evolved into this digital age, mingling with mathematical theories and computer science. Thus, it is now used to provide not only communication and information, but also money transfers via a virtual network.

How to use cryptocurrency

Ordinary people find it very easy to take advantage of this digital currency. Just follow these steps:

  • You need a digital wallet (obviously to store currency)
  • Use your wallet to create unique public addresses (this allows you to receive currency)
  • Use public addresses to transfer funds to or from your wallet

Cryptocurrency wallets

A cryptocurrency wallet is nothing more than software that is capable of storing both private and public keys. In addition to this, it can also interact with various blockchains so that users can send and receive digital currency as well as keep a balance on their balance.

The way digital wallets work

Unlike regular wallets that we have in our pockets, digital wallets do not store currency. In fact, the concept of blockchain has been so elegantly mixed with cryptocurrency that currencies are never stored in a particular place. They also nowhere exist in cash or in physical form. The blockchain stores only records of your transactions and nothing else.

An example from real life

Suppose a friend sends you a digital currency, say in the form of bitcoin. This friend transfers ownership of the coin to your wallet address. Now, if you want to use that money, you unlock the fund.

In order to unlock the fund, you need to match the private key in the wallet with the public address to which the coin is intended. Only if these private and public addresses match will your account be credited and the balance in your wallet increase. At the same time, the balance of the sender of the digital currency will decrease. In digital currency transactions, the actual exchange of physical coins never occurs in any case.

Understanding the address of a cryptocurrency

By its nature, it is a public appeal with a unique string of characters. This allows the user or owner of a digital wallet to receive cryptocurrency from others. Each public address that is created has a corresponding private address. This automatic coincidence proves or establishes ownership of the public address. As a more practical analogy, you can consider a public cryptocurrency address as your email address to which others can send emails. Emails are the currency that people send you.

Understanding the latest version of technology in the form of cryptocurrency is not easy. You need to get a little interested and spend time online to understand the basics.

The Catch-22 Of Legal Enforcement of Crypto-Currency Hacking

The other day I was discussing cryptocurrencies with an acquaintance at our local Starbucks, and he informed me that he was working with a couple of entrepreneurs who had previously been academic experts in IT security. Of course, for cryptocurrencies, everything has to do with secure data transmission and confidence in the intrinsic value of these and zero, or Q-bits. Perhaps I could take a look at their business plan, although these digital currencies have suffered misfortune on the way to the future, I’m sure that will be the norm in the future – this is what the world looks like.

Does this mean that we will have a distribution currency, such as distribution energy in an intelligent network, or distribution information like the Internet? Well, people usually do what works, and it happens both good and bad with centralization and with a distribution backup strategy.

Now, what’s the latest you ask? Well, there are two articles that I read no later than an hour after this meeting when I was making my way through the information I had previously saved to write on the subject later; It’s easy to use – bitcoin itself may fail as a currency, but the underlying technology is starting to offer new valuable additions, “- Paul Ford (February 18, 2014). Note this article was written a few days before the theft of bitcoin from one of their top -exchanges.

Another article was written by Naeth Bynes the day after the results hit the news on February 25, 2014. “Bitcoin is in a hot spot – a major bitcoin exchange is stopping, raising questions about cybercurrency.” Are you surprised? No, me too.

The second article went on to say; “Tokyo’s Mt. Gox, once one of the largest bitcoin cybercurrency exchanges, closed on Tuesday amid rumors that millions could be stolen from firms, and growing concerns about the long-term prospects of an unregulated digital currency. the Hawks and claim they are still open for business. The currency itself has fallen sharply by the middle of the day to just over $ 500. In November, it reached a record high of $ 1,100. “

What do you say to that? Oh. Does this prove that the disbelievers who call it the Ponzi scheme were right? Are they the last to laugh, or is it just an expected evolutionary process of failure, since all the inflections are worked out? Well, consider this thought experiment.

Let’s say there was a hacker in it, let’s say someone hacked the system or stole digital currency. Now digital currency is flying under the radar because it is not recognized even by all the new rules about banks “Too big to refuse” etc. How can digital currency have value? It’s hard to say how indifferently a printed piece of paper with a $ 20 mark can be worth something, it’s not, but it’s worth what it represents if we all agree with it and trust the currency. What’s the difference, it’s a matter of trust, isn’t it?

Okay, let’s say regulators, the FBI, or other industry authorities intervene and bring charges – if they file criminal charges that someone cheated someone else, then how much of that cheating was that? When the State Department of Internal Affairs and Justice set the figure in dollars for this, they involuntarily agreed that the digital currency is real and therefore has value in recognizing it. If they don’t get involved, any fraud that may or may not happen rejects the whole concept, and the media will continue to lower confidence in all digital or cryptocurrencies.

So it’s an insult to the government, regulators and law enforcement, and they can no longer look the other way or deny the trend. Is it time for rules. Well, I personally hate regulation, but isn’t that how it usually starts. Once the concept is regulated, trust is given, but its concept of a digital currency can also undermine the entire strategy of the single world currency or even the paradigm of the US dollar (Petro-dollar), and it can also be paid for. Can the global economy withstand such a level of disruption? Stay tuned, guess what we’ll see.

At the same time, what happens next will either make or disrupt these new changes in the way we view monetary value, wealth, online transactions and how the real world will enter our future blurred reality. I just don’t see many people thinking here, but everyone should, one wrong step, and we could all find ourselves in a world of resentment – of all humanity that is. Please consider all of this and think.

Crypto TREND – Fifth Edition

As we expected, since the publication of Crypto TREND we have received many questions from readers. In this edition we will answer the most common.

What are the changes that could change the game in the cryptocurrency sector?

One of the biggest changes that will affect the world of cryptocurrencies is an alternative method of checking blocks called Proof of Stake (PoS). We will try to maintain this explanation at a fairly high level, but it is important to have a conceptual understanding of what the difference is and why it is an important factor.

Remember that the basic technology of digital currencies is called blockchain, and most modern digital currencies use a validation protocol called Proof of Work (PoW).

With traditional payment methods, you need to trust third parties such as Visa, Interact, a bank or a cash center to pay for your transaction. These trusted structures are “centralized,” meaning they keep their own private ledger that stores the transaction history and balance of each account. They will show you the transaction and you have to agree to the correctness or start a dispute. It is seen only by the parties to the transaction.

In the case of bitcoins and most other digital currencies, books are “decentralized,” meaning everyone on the network gets a copy, so no one should trust third parties, such as banks, because anyone can directly verify the information. This verification process is called “distributed consensus”.

PoW requires “work” to verify a new transaction to log in to the blockchain. In cryptocurrencies, the test is performed by “miners” who have to solve complex algorithmic problems. As algorithmic tasks become more complex, these “miners” need more expensive and powerful computers to solve problems that are ahead of all others. Computers for mining often specialize, typically using ASIC chips (integrated circuits dedicated to applications) that are more knowledgeable and faster at solving these complex puzzles.

Here is the process:

  • Transactions are combined into a “block”.
  • The miners argue that the transactions in each block are legal by solving a hashing algorithm puzzle known as the “proof of work problem”.
  • Miner, who solved the “problem of proof of work” block, is rewarded with a small amount of cryptocurrency.
  • After verification, transactions are stored in a public blockchain throughout the network.
  • As the number of transactions increases and so does the complexity of solving hashing problems.

Although PoW has helped take down blockchain and decentralized, distrustful digital currencies, it has some real drawbacks, especially in how much energy these miners consume, trying to solve “evidence of work problems” as quickly as possible. According to the Digiconomist Bitcoin Energy Consumption Index, bitcoin miners use more energy than 159 countries, including Ireland. As the value of each bitcoin grows more and more miners are trying to solve problems by consuming even more energy.

All of this power consumption just for checking trades has forced many people in the digital currency space to look for an alternative way to check blocks, and the main candidate is a method called “Proof of Bid” (PoS).

PoS is still an algorithm, and its purpose is the same as in job validation, but the process of achieving the goal is quite different. There are no PoS miners, but instead we have “validators”. PoS is based on trust and knowledge that all people who check transactions have skin in the game.

Thus, instead of using energy to respond to PoW puzzles, the PoS validator is limited to checking the transaction percentage that reflects its ownership share. For example, a validator that owns 3% of the available airtime could theoretically check only 3% of the blocks.

In PoW, the chances of solving a proof of work problem depend on how much computing power you have. With PoS it depends on how much cryptocurrency you have on the “bet”. The higher your bet, the more likely you are to decide a block. Instead of winning crypto-coins, the winning validator receives a commission for the transaction.

Validators enter their bet by “closing” part of their fund tokens. If they try to do anything harmful against the network, such as creating an “invalid block,” their bet or deposit will be forfeited. If they do their job and do not break the network but do not win the right to check the unit, they will get their share or deposit back.

If you understand the basic difference between PoW and PoS, this is all you need to know. Only those who plan to be miners or validators should understand all the intricacies of these two verification methods. Most people who want to own cryptocurrencies will simply buy them through an exchange rather than engage in actual mining or verification of blocked transactions.

Most of the crypto sector believes that in order for digital currencies to survive long, digital tokens need to move to the PoS model. At the time of writing, Ethereum is the second largest digital currency after bitcoin, and their development team has been working on its PoS algorithm called Casper for the past few years. We are expected to see how Casper will be implemented in 2018, putting Ethereum ahead of all other major cryptocurrencies.

As we have seen in this sector, major developments such as the successful implementation of Casper can significantly raise Ethereum prices. We will keep you informed in future issues of Crypto TREND.

Stay tuned!

Virtual Currency Games

The dream of every little boy (and many adult men) to make a living playing video games is approaching reality. The recent release of HunterCoin and the development of VoidSpace, games that reward players in digital currency rather than in virtual princesses or gold stars, point to a future when the scoreboard can be rewarded in dollars as well as in pounds sterling, euros and yen.

The story of the millionth (virtual) real estate agent …

Digital currencies are slowly gaining maturity both in terms of their functionality and financial infrastructure, which allows them to be used as a reliable alternative to a non-virtual fiat currency. Although bitcoin, the first and most famous of the cryptocurrencies, was created in 2009, in virtual games there have been forms of virtual currencies for over 15 years. Ultima Online 1997 was the first notable attempt to incorporate a large-scale virtual economy into the game. Players could collect gold coins by conducting quests, fighting monsters and finding treasure, and spend them on armor, weapons or real estate. It was an early embodiment of virtual currency, as it existed exclusively in gaming, although it reflected the real world economy to the extent that Ultima’s currency experienced inflation as a result of gaming mechanics that ensured a constant supply of monsters to kill and thus collect gold coins.

Released in 1999, EverQuest made gaming games with virtual currency a step further by allowing players to trade virtual goods with each other in the game, and although the game designer also banned the sale of virtual items to each other on eBay. In a real-world phenomenon that was entertainingly explored in Neil Stevenson’s 2011 novel “Reamde,” Chinese gamers or “gold farms” were busy playing EverQuest and other similar games in order to score experience points to level their characters thereby making them more powerful and in demand. These characters will then be sold on eBay to Western gamers who were unwilling or unable to invest hours to raise the level of their own characters. Based on EverQuest’s exchange rate, Edward Castronov, a professor of telecommunications at Indiana University and an expert in virtual currencies, estimated that in 2002 EverQuest was the 77th richest country in the world, somewhere between Russia and Russia. and its GDP per capita was greater than that of the People’s Republic of China and India.

Launched in 2003 and reaching 1 million regular users by 2014, Second Life is perhaps the most complete example of a virtual economy to date, when it is a virtual currency – a fake dollar that can be used to buy or sell gaming goods and services. . exchange for real currencies through market exchanges. In the 10 years between 2002-13, $ 3.9 billion was recorded in virtual goods gaming transactions. Second life became a market where players and businesses could develop, promote and sell the content they created. Real estate was a particularly lucrative commodity to trade, in 2006 Eileen Graf became the second millionaire of Second Life when she turned an initial investment of $ 9.95 into more than $ 1 million over 2.5 years through the purchase, sale and trading of virtual real estate other players. Examples like Eileen are an exception to the rule, however only 233 users earned more than $ 5,000 in 2009 on Second Life activities.

How to pay in dollars for asteroid mining …

To date, the ability to generate non-virtual cash in video games has been secondary because the player has to go through unauthorized channels to share his virtual booty or he has to have some creativity or business acumen. which could be traded for cash. This may change with the advent of video games that are built from scratch around the “plumbing” of recognized digital currency platforms. The approach used by HunterCoin is “gamification,” which is usually a fairly technical and automated process of creating digital currency. Unlike real-world currencies, which emerge when printed by the Central Bank, digital currencies are created by “mining” by users. The basic source code of a particular digital currency that allows it to function is called blockchain, an Internet-decentralized government book that records all transactions and currency exchanges between individuals. Because digital currency is nothing more than intangible data, it is more prone to fraud than physical currency, because you can duplicate a unit of currency by causing inflation or changing the value of a transaction after it is done for personal purposes. To prevent this, the blockchain is “guarded” by volunteers or “miners” who verify the authenticity of each transaction, so that with the help of special hardware and software they ensure that the data will not be tampered with. This is an automated process for Miner software, albeit extremely time consuming, that involves a lot of computing power from their computer. To reward Miner for verifying the transaction, the blockchain releases a new unit of digital currency and rewards them with it as an incentive to continue to maintain the network, thus creating a digital currency. Because a person can successfully mine coins from a few days to a few years, user groups pool their resources into a mining pool, using the combined computing power of their computers to extract coins faster.

The game HunterCoin is in such a blockchain for digital currency, which is also called HunterCoin. The act of the game replaces the automated process of extracting digital currency and for the first time makes it manual and without the need for expensive equipment. Using strategy, time and teamwork, players are selected on the map in search of coins, and if they find them and return safely to their base (other teams there try to stop them and steal their coins), they can cash their coins by depositing them in their A digital wallet is usually an app designed to receive and receive digital payments. 10% of the value of any coins deposited by players is sent to miners who support the HunterCoin blockchain, as well as a small percentage of any coins lost when a player is killed and their coins are dropped. While game graphics are basic, and significant rewards take time to accumulate HunterCoin – this is an experiment that can be seen as the first video game with a cash prize built as a main feature.

Although VoidSpace is still under development, it is a more appropriate approach to gaming in the current economy. A massively multiplayer online gaming game (MMORPG), VoidSpace is located in a space where players explore an ever-growing universe, extract natural resources such as asteroids, and trade them for goods along with other players in order to create their own galactic empire. Players will be rewarded for mining in DogeCoin, a more established form of digital currency that is now widely used for micropayments on various sites on social media. DogeCoin will also be an in-game currency between players and a means to buy in-game. Like HunterCoin, DogeCoin is a legitimate and fully functioning digital currency, and like HunterCoin, exchanges such as Poloniex can trade in both digital and real currency.

The future of video games?

Although in terms of quality early days, the release of HunterCoin and VoidSpace is an interesting testament to what could be the next development of the games. MMORPGs are now seen as a way to simulate outbreaks of epidemics as a result of a player’s reaction to an unintentional plague reflecting recorded hard-to-simulate aspects of human behavior on outbreaks in the real world. It can be assumed that ultimately gaming virtual economies can be used as models to test economic theories and develop responses to massive failures based on observations of how players use digital currency with real value. It is also a good test of the functionality and potential application of digital currencies that promise to go beyond simple vehicles and, for example, move into the exciting realms of personal digital ownership. At the same time, players now have the ability to convert hours in front of the screen into digital currency and then into dollars, sterling, euros or yen.

But before you quit your day job …

… it is worth mentioning the current exchange rates. It is assumed that the player can comfortably reimburse their down payment of 1,005 HunterCoin (HUC) for joining the HunterCoin game for 1 day of play. Currently, HUC cannot be exchanged directly for USD, it needs to be converted into a more established digital currency such as Bitcoin. At the time of writing, the exchange rate of HUC to bitcoin (BC) is 0.00001900, and the exchange rate BC to USD is 384.24 dollars. 1 HUC traded in BC and then in US dollars, before taking into account the transaction fee, it would have been … 0.01 US dollars. This is not to say that as a player becomes more aware that he cannot grow his team of virtual CoinHunters and may use multiple “bot” programs that will automatically play the game under the guise of another player and earn coins for them . but I think it is safe to say that at the moment even such efforts can really only lead to a change in the number of daily McDonald’s. If players don’t want to be subjected to intrusive game advertising, share personal information, or join a game like CoinHunter that is built on a bitcoin blockchain, it’s unlikely that the rewards can be more than micropayments for the average gamer. And maybe that’s a good thing, because maybe if you get paid for something, it will stop being a game?

Online Store Sells Gold Product Based on Digital Currency

Forces fought and burned the city to the ground to extract metals. All the while, every time gold has stood the test of time, it is much easier to own it than it was before. There are gold bars approved for individual retirement accounts and also certified. So much is offered in 1-ounce and 1/10-ounce gold rounds at the best prices that people can find. Legal choices of gold coins offered in sizes 1/20 Oz, 1/10 Oz, ¼ Oz, ½ Oz and 1 Oz. They are approved by the IRA, which means it’s good for individual retirement accounts, and certified, which means senior citizens and other targeted investors from the U.S. can rest painlessly on their assets. There are many wealth builders for buyers who are looking for them with lots of pieces purchased daily. Some are considered historical. A purchase from a commercial website is a purchase directly from the supplier without the need for retail transactions. A website that does not provide additional fees guarantees secure delivery and handling. The consumer is not worried about getting factory cartridges that could be ordered just minted at a wholesale company if someone makes an order for 100 coins or more. The product will be new and original. Customers regularly shop online to purchase high quality. 9999 gold round bars and gold coins from The Mint.

One coin in the latest menu app on the site is dedicated Cryptocurrency collection. Size – 1 ounce. It is called Gold Bitcoin .9999 Circle of Thin Ingots. Customers look at the display with help Bitcoin an icon designed on it in physical form on the front and an image of the globe on the back.

The coin was minted in the form of gold bars. This is 9999 pure gold or 24 kt

The condition is not intended for expenses not intended for cash flows. It is a work of art.

It weighs 1 troy ounce. It costs $ 1289.40 or $ 1341.00

This reed in its creation. This coin has a Latin phrase that means a lot of people called vires. Sku CRYPTOBITC1.0AU number

Bitcoin is the first digital cash flow that has transferred power from the central point to local government, and is now remembered in Gold. Some people can purchase from one to dozens on a site that sellers have called a mint. Voters who enjoy Blockchain (a certain type Bitcoin wallet) buy this coin in the United States.

Wholesale source provides free shipping on all orders from $ 500 and up, and shipping is safe in the United States. A smaller number of deliveries was subject to export legislation.