The Blockchain Revolution by Jem K Ali

When we talk about the value of Bitcoin then we really need to look at and understand the Blockchain first. I was asked the other day to try and explain this in layman’s terms so here goes.

I am by no means an expert but have definitely spent a lot of years researching and educating myself in the creation and use of currency. The real value of Cryptocurrency lies in its technology, whether we realise yet or not we will be inevitability using it in the near future. Bitcoin, for example, cannot exist without the Blockchain so this is one of the intrinsic values (using the word lightly, ahem) of Bitcoin.

So what is it?

is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. It cannot be hacked, changed or manipulated once recorded. When a transaction is made and recorded on the ledger then that becomes one true source of information validating the peer to peer transaction.

Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency Bitcoin, as its public transaction ledger. The invention of the Blockchain for Bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server. The Bitcoin design has been the inspiration for all manner of other applications.

What does this mean?

Well, in a nutshell, it will bring about accountability to everything we know.

This is a problem the human race has been trying to solve for aeons. It brings trust, consensus and a record that cannot be manipulated by anyone human being.

Imagine if Government department spending was using smart contracts on the Blockchain to record where all the money gets spent! Imagine how that would revolutionise the Government and stop any corruption or human error! If every politician was held accountable and could not lie their way out of their mistakes, that would be an enormous gain to the public. Imagine the NHS spending being recorded on the Blockchain?

Imagine a department being issued tokens instead of money and those tokens can only be spent on a specific resource!? No more wasting of money, no more employing unnecessary agency staff as their will always be someone to hold accountable.

This is something we have never had in human history.

I suppose when Satoshi Nakamoto wrote the original Bitcoin white paper they must have thought the best place to start having some accountability would be our money first, besides that’s the most manipulated thing in the world. Once the banking industry and the creation of our currency are under Blockchain supervision if you will, then all other industries would eventually follow suit.

Being involved in this massive industry and supporting Cryptocurrencies at this early stage is a noble act at least and paramount at best! I commend you all and look forward to this exciting future the Blockchain technology can bring forward for the better for the Human Race and our Mother Earth.

By Jem K. Ali

https://www.facebook.com/jem.k.ali

Why we need Bitcoin and Cryptocurrency

Did you know a Trillion Dollars crashed on the stock Markets just recently?

Not many people do…

This catastrophe was hardly reported anywhere on the news.

Yet you have Panorama reporting on bitcoin and saying it’s crashed and it’s a big bubble, what a load rubbish!!

I wonder why they did this, Was it to scare you off?

The truth is we all know we can not trust the media, banks or government anymore.

Recently on my tour of the UK holding education seminars into bitcoin we asked every audience in every city we visited, with hundreds of people as attendees wether they trusted the Banks Of Government any more?

Surprise surprise you guessed it, not one person did. 100% of the people have no trust in the system anymore!!

Not one person put their hand up.

That’s pretty scary & also a real picture of what’s going on out there.

Fiat (Government issued) currency is Trillions in debt and can never be paid back!!

It’s time for a change and Bitcoin & Cryptocurrency offers a massive solution to a massive problem!

Did you know the Governments took away the Gold standard in 1931 so since then you have had nothing intrinsic backing the currency apart from people believing a £20 note is still worth £20!!

Government issued or other known as fiat currency is worthless since that point? There is nothing backing your beloved pound, Euro or Dollar anymore!!

Every £1 you put in the bank they loan out 0.90 of it to other people creating money out of thin air.

It’s called fractional banking. Banks are just making money out of thin air, or just entering digits on a screen and wallah you have more money,just like magic!!

The biggest scam and bubble in the world is fiat currency. They are having to print themselves out of debt & they can not even print enough of it to do that. It’s a joke!!

If you think your money is safe in the bank think again. The biggest financial crises we may e et see is just around the corner.

Some banks are even charging negative interest rates l, so you have to pay to keep your money in the bank.

The banks are hanging on for dear life & could collapse anytime. When they do it could be worse than 2008 in my opinion.

They are so scared of what Cryptocurrency can do to their power and they are doing all they can to fight it now. The worst thing that they fear in my opinion is You and I start using it.

Cryptocurrency is a peer to peer cash payment system and gives the power back to the people. You can now be your own bank purely from your mobile phone.

The banks have never had any competition to their power and Monopoly before until now.

This is is a Multi Trillion disruption that will change the way we use and transact money forever!!

Many people don’t fully understand this yet, so we have a lot of work to do, but soon millions of people will become aware of this concept and looking to get started,which will drive this even further into mainstream adoption.

Timing is key when it comes to opportunities and movements like this.

The first 9 years of Cryptocurrency was about proof of concept and this now works.

We now move into phase 2 and bring usability,better technology,more efficient ways to use and spend the currencies.

2018 is the year we take Bitcoin and Cryptos mainstream.

This is not just an investment, it’s about how this will change the world in a few years time.

There is only a finite amount of the currency, making it inflation free, debt free, clean , traceable, 100% transparent.

If you really understand what is going on you wouldn’t bescared to get started or panic if the markets dip, that’s natural.

Please do your own research though, i am not offering financial advise and this is just my opinion.

The markets can be volatile yes, for now but it will find its balance and the right price in a few years.

Bitcoin is designed to only drip feed in so many coins every 10 minutes. At today’s value that is 12.5 bitcoin every ten minuets & 1800 new coins every 24hrs.

This is going to get more rare and the value can only increase due to the high demand and limited supply we have right now.

What will happen in the future i don’t know.

This is why I am involved with mining because we are the heart beat and infrastructure of bitcoin. Mining coins allows you to gain a huge discount of the price of the coin if done correctly.

You can get your coins at a wholesale price and sell at a retail price again if done correctly. Please just ask if you would like to know more?

The miners actually are making and bringing the coins into circulation.

This is a big game and a big race between all of the miners who can process the most transactions in a ten minute period. Who ever does this gets rewarded the 12.5 coins and the the transaction fees that were recorded in that ten minute window for the work they just completed.

Who ever has the most power wins!

I can’t recommend mining enough because it gives you a hedge against the markets.and safe way to enter this concept.

if you would like more info on mining please feel free to hit me up and I can explain it all for you privately.

Mining is the infrastructure and the source of bitcoin and cryptos,

Please do not dismiss the biggest financial movement we will ever see in our lifetime. Do what you can to research it and get onboard and protect yourself from the financial downturn of Fiat Currency if or when it happens.

A great source for research is

http://www.thecryptopros.com

Fiat currency is becoming worthless and has lost 97% of its true value since 1931

Cost of living goes up, products get more expensive, you are working harder for less. Does that sound a good trade for your time and hard work?

Here is a video i made last night explaining this in more detail.

i highly advise you watch it and start doing your own research into something that could impact t your life , like it has mine.

https://www.facebook.com/joby.boughey/videos/10156379618965166/

Disclaimer – I offer no financial advise and you enter this at your own risk after you have done your own research and made an educated decision for yourself.

Conclusion –

Cryptocurrency in my opinion is the evolution of money and will change the way we use and transact money forever!

This concept solves a massive problem to the world with 3.5 billion people unbanked around the world who have no financial way of storing or holding money & now we can bank the unbanked.

This is just getting started so do your own research and do what’s right for you.

The Crypto Pro’s

The safest way to to start your Cryptocurrency journey

We run an education programme and Group to thousands of people around the world. I have been in this industry for 5 years and I see a lot of people talking & giving opinions and advise that is not to accurate or correct.

The Cryptocurrency concept is just getting started and you have the potential to really do some good things this year.

Always do your own research and make up your own mind though.

Here is a blog I wrote yesterday giving some advise on some of the best coins to watch out for in 2018 –

https://thecryptoproezine.com/2018/01/01/what-are-the-best-cryptocurrencies-for-2018/

There are 3 strategies you can take getting into Cryptocurrency

1- You can start buying and holding the coins you like & when the time is right for you then you can sell to make a profit.

I believe this is more of a long term strategy but up to you.

I can recommend the best coins right now for you too by reading the blog I posted above.

3- Trading

Unless you have trading experience, I do not recommend it as can be very risky and it’s a skill set that takes years to learn

Neither do I recommend joining sites like Etoro, iq option, plus 500 they are pure scams and are enticing you in to get you bitcoin, Ethereum, ripple etc.

You do not own these coins on there it’s just a cash value not actual Cryptocurrency and if you don not know how to trade you will lose money fast as you put it in, be careful!!

3- The safest and most secure way is to mine coins & yes it is profitable if you know how.

I do not recommend buying your own machines though. I was doing this for a long period of time and the electricity was costing me more than I was actually mining.

I am partnered with one the biggest mining facilities in the world and are in the middle of installing over 200 Million Dollars worth of new equipment and by April will be one of if not the biggest mining facility in the world.

The movements can be very volatile and risky in the markets so this is a safety net into the concept.

I personally do strategy 1 & 2 diversify and spread into many cryptos that I like and have the mining as my hedge and security against the markets.

Mining allows At today’s value costs about $2000 a coin to produce in our warehouse & on an exchange in nearly $15000 a coin. That’s a big difference.

So no matter what happens in the market place you are always safe and in profit.

Your coins are making coins every 24hrs

Win win!

Next week we are actually doing a 4day tour around the south of UK starting on 8th in Kent & on 9th Jan in Hertfordshire, 10th in Bournemouth & 11th in Devon.

Flying over is one of the biggest Bitcoin and Crypto educators to come speak about the industry and show people how to get onboard with a safe and secure manner.

You must come & I highly advise If you want to learn about this concept in a correct way you should come and listen to Max Nilsenius speak he is incredible & one if the the most knowledgable individuals you will ever meet.

✅Tickets for The Crypto Group South of UK Tour

🔵We kick of our Tour in Rochester, Kent @ The St George’s Hotel.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863455323917502

🔵9th Jan at The De Vere Hotel, Theoabalds Park, Cheshunt, Hertfordshire.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863469447249423

🔵Bournemouth 10th Jan @ The SpyGlass & Kettle.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863474637248904

🔵Jan 11th at The Cedars, Barnstaple.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863762707220097

If you need any help learning about this concept please just ask.

Many Thanks

The Crypto Pro’s

JP Morgan Get caught money laundering

Jamie Dimon, head of JP Morgan is at it again after calling Bitcoin a fraud, the swine is up to to no good himself and JP Morgan get busted for Money Laundering!!

How can we trust the banks anymore?

JP Morgan one of the worlds biggest banks are caught Money Laundering!!

What does that tell you about them and just how corrupt they actually are??

Jamie Dimon has offered baseless condemnation on bitcoin for many years, calling it a bubble, a fraud, and a money laundering tool. This week, ironically, JPMorgan was cracked down for money laundering, after being fined $4 billion for mortgage fraud in September, merely two months ago.

The banking system is old, dated and time for an update is a must.

This is why we need Bitcoin, it is the perfect system. A decentralised protocol run on mathematical laws that can not be manipulated in anyway shape or form.

Dimon falsely accused bitcoin of being a money laundering tool earlier this year. Then, JPMorgan was fined $4 billion for committing mortgage fraud, and has been busted for money laundering.

If you have trust in the banks anymore in my opinion you are CRAZY!!

Today, ironically, leading Swiss daily news publication Handelszeitung reported that the Swiss subsidiary of JPMorgan was charged by the Swiss regulator, FINMA, for money laundering and “seriously violating supervision laws.”

FINMA ruled on June 30 that JPMorgan Switzerland had “seriously infringed” regulatory oversight provisions, according to a ruling issued by the Federal Administrative Court on Nov. 8 and published on Thursday.

The case involved a “violation of obligations of diligence on questions of money-laundering,” the court document said.

The court had been examining whether FINMA’s previously undisclosed decision on JPMorgan could be made public, in a case first reported by the Handelszeitung paper.

Both FINMA and JPMorgan declined to comment on FINMA’s ruling and it was unclear what action, if any, the regulator had taken against JPMorgan.

FINMA is not authorized to levy fines, but may confiscate unlawfully realized gains, impose professional limitations on bankers or require an organization to make changes to prevent similar breaches recurring. In severe cases, it may revoke an institution’s banking license.

The hypocrisy and the conceitful nature of major banks and financial service provider will only result in the demise of the finance industry in the long-term, as decentralized networks continue to render intermediaries obsolete.

Banks are running scared of bitcoin they fear what it will do & how it will hurt them. This is the biggest disruption we may ever see. The banking system has never had anything challenge them before and now Bitcoin will be the new monetary system to the world.

Villains like Dimon are abusing their power with public statements about bitcoin being a fraud, a bubble, saying it will never work, blah blah blah now we can see the real truth and just how corrupt they actually are.

What are your thoughts on JP MORGAN caught MONEY LAUNDERING?

What is Mining & How Does it Work part 1

The topic that is hot on people’s lips in and around Cryptocurrency right now is MINING.

There is a lot of confusion on what is it, how does it work & is it profitable?

There are 2 different types of mining;

1- Bitcoin Mining (which is run on an ASIC S9 Machine http://whatis.techtarget.com/definition/ASIC-application-specific-integrated-circuit )

2 -GPU Mining (http://searchvirtualdesktop.techtarget.com/definition/GPU-graphics-processing-unit. -Most alt coins like Ethereum, Dash,Monero, Zcash and many more Cryptocurrency coins can be mined on this machine, which I will cover in part two.)

I will go through bitcoin mining for you in this blog so read to the end to get the full understanding of this concept.

Mining = The Creation of coins & the Verification of Transactions.

Let me explain from the begging..

In late 2008 after the great economic crash diminished the banking system, an anonymous called Satoshi Nakamoto released a white paper, saying he found a way to encrypt digital money with the highest possible cryptography available.

Bitcoin was born & this new encrypted money allows us to now conduct and transact money instantly, anywhere in the world just like sending an email.

This i designed through a secured Decentralised network and not a centralised body like the banking system, western union for example.

We can now eliminate the middle man entirely!!

This new technology and Cryptocurrency solves the double spend problem that cryptographers have never been able to solve until now.

Here is an example of how this works:

If I were to send you a picture, an email, a PDF you are actually receiving a copy not the original.

If I were to send you Money across a digital network, you need to know that I have not sent that copy to 100 other people and that you have the original copy: I.e the Money or anything we can send of a value digitally.

Transparency

The main key to this concept you need to understand is that the Money is safe and secure, upon sending and receiving the money & the store of value assets.

Cryptocurrency is verified across a whole network of data centres called the Miners that record & process the data & transactions every ten minutes.

This new digital economy is born.

We can now conduct transactions outside of the Banking institutions, Government issued currencies and third party authorities.

You can now become your own bank that operates 24 hrs a day, everyday with much more efficiency, security & trust that we have never seen before. Peer to Peer banking and one of the greatest disruptions we may ever see in our lifetime.

The birth of Bitcoin is a day in history that will be monumental for generations to come.

The Bitcoin journey began in January 2009 Releasing the Technology Genie once again out of its bottle upon the world.

Experts are saying this will be a bigger invention than the internet.

How do we have trust that by not using the banking system to record transactions (which is a simple a plus or a minus into the ledger or record books) that the sender has sent the money and the receiver has received the Money?

How on earth do we keep records of what has occurred?

Satoshi Nakamoto released the software in January 2009 with an underline technology called the Blockchain, which is a public ledger run on a Distributed Network or a DLT – Distributed Ledger Technology –

This is designed to give 100% !transparency, safety, security which is now run across millions of computers that achieve a consensus every 10 minutes by recording and verifying transactions. More about this In a minute.

The Blockchain is the serious part of this and one of the most important cogs in the wheel of this system. So it is essential you understand how this works as it is so important to our economic future.

The Blockchain is a public ledger that will record and verify every transaction. Just like a Banking ledger that records plus and minuses in a ledger book that records in the same way. Then when a recorded digital transfer of ownership that is input into the network. So any computer or miner in the network have a verified document of the digital transfer that took place. The data or transactions will be verified accordingly and we know who has what through the transfer of ownership.

Then each Miner in the network will have a copy of that verified time-stamped transactions. Each Block contains a piece of the last block’s data attached forming a chain of the transactions or the data that was entered.

The Miners are in a big game and race & who ever verifies the most transactions in a ten minute period are then rewarded for their work .Upon each block that they win, the miner will receive 12.5 coins at today’s value plus the transaction fees that are recorded in that block.

The way the Bitcoin algorithm was deigned by mathematical laws will take until the year 2140 to complete & mine all 21 million bitcoins available. So we have some time,but the most profitable stage is right now!!

BITCOIN MINING

When bitcoin was first released back in 2009 the block reward for miners was 50 coins, then four years later it halved to 25 then it halved again and is now 12.5, & In 2020 it will be halved again to 6.25 coins per block reward for the miners.

The interesting part is that the miners get also rewarded the transaction fees that are recorded in the 10 min block of data and verified by the Blockchain.

You can see all bitcoin transactions on the Bitcoin Blockchain here.

http://www.blockchain.info

When I first started my journey into Bitcoin there were only a a couple of hundred transactions every 24 hrs. Now we are recording over 300,000 every 24hrs.

This picture was taken just a few weeks after the first one so you can see the magnitude of what has happened the bitcoin market with Billions in Market cap being added and hundred thousand transactions more on average every 24hrs.

The Miners are the ones who are getting rewarded from these transactions!!

Can you imagine when there are 1 million,- 10 million transactions every 24 hrs?

Bitcoin is only designed to only ever have 21 Million coins available. It can never have any more, unlike a Government issued currency where they can print as much as they like which actually devalues your wealth every time they do this.

Cryptocurrency offers a much more secure financial model that can increase in value, because of supply and demand rules.

When you have a finite product and such high demand can only push the value up. It’s just 101 economics.

Bitcoin price started at just 0.01 cents and at today’s value has now climbed to around the $ 15000 dollars mark and is only just getting started.

When every single miner has a copy of that data that was recorded in the Block, you know 100% that the transfer has been recorded and the receiver will have their money, contract, loan, school results, and votes what ever it may be.

The internet was about information, this is about value.

You cannot lie, cheat or manipulate the Blockchain in anyway. Once the transaction has been verified it is irreversible.The Miners job is to secure the network and verify the transactions.

SECURITY

If you tried to attack the Blockchain you would have to attack every single miner in the network at the same time within a ten-minute window. This is physically impossible!!

The effect of creating a chain of blocks from the very first Genesis Block to the current block is simply huge. Each block is guaranteed to come after the previous block chronologically because the previous block’s data would otherwise not be known.

This means we cannot double spend money as the Blockchain would recognise the serial number on the coin and see that the coin has already been used and would reject that transaction.

It is also possible to use the Blockchain algorithm for non-financial purposes. The Blockchain is broadcast to all of the Miners on the network that anything recorded there can be kept for safekeeping on the public ledger. This is now the safest and most secure way you could ever transact money, legal documents, loans, personal ID and much much more.

OPPORTUNITY

There are many Miners around the world and competition is now very tough. It’s a big game and a race to who has the most power to try and win as many blocks in a 24 hr period as you can.

There are only 1800 new coins at today’s value that can be released every 24 hrs. With competition like this makes it harder to mine coins, but it’s the transaction fees that will just continue to grow, the more bitcoin is used and accepted across the world.

Whom ever has the most power wins!!

Here is a recent chart that shows the top Miners in the world running on PETA Hash with is Trillions of hashes per second computing transactions.

Here is a chart that shows what the power means so you can get a visual of how much this actually is because some Miners out there are mining on much smaller power like Mega & Giga Hash per second. So you can see the difference here and magnitude of the Miners who are on this chart above.

Hash rate denominations

• 1 kH/s is 1,000 (one thousand) hashes per second

• 1 MH/s is 1,000,000 (one million) hashes per second.

• 1 GH/s is 1,000,000,000 (one billion) hashes per second.

• 1 TH/s is 1,000,000,000,000 (one trillion) hashes per second.

• 1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second.

• 1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second

In 2009 you could mine bitcoin just on your PC but now you need a warehouse the size of a football field Full of millions of dollars worth of equipment to be profitable. The warehouses I am talking about have electricity costs of millions per month to run the data centres. It’s a very big project.

There are only a handful of Miners out there that really are mining & producing coins on a big scale and actually show their results on the Blockchain. For me if a company say they are mining and can not show you any block trail & the evidence of what they have produced & mined, please stay well away. Mining is 100% transparent there is nothing to hide. If it’s not shown on the Blockchain it’s not mining in my opinion.

There are many companies that offer cloud mining & you are just purchase some hash power, which for me is just rubbish as they can not document or prove what they are mining. They can easily be ripping you off. As they can not prove anything.

Please be careful.

If you are partnered with the right mining facility you can be very profitable.

Please do not worry nothing technical is needed here either.

Mining is one of the hottest topics out in the Cryptocurrency space right now and you can get paid in bitcoin every 24hrs?

You can also mine Ethereum, Monero, Zcash just for an example it is up to you what you want to choose to do.

Please take this seriously though as you are putting up the capital for the hardware & the energy needed to help produce the coins and you can actually produce your bitcoin at a much deeper discount than if you was to purchase it on one of the many exchanges available.

I have partnered with one of the most established, credible mining facilities that have proved them self over the last 3 years. The platform have now mined well over $900Million Dollars worth of bitcoin in the last 2 years alone. The company is about to add another $200Million Dollars worth of new equipment in the next month or so and will put them in the top 3 mining pools with the most power in the world. I truly believe they will be the Number 1 mining facility within the next year due to the professional outtake they have and the 100% transparency they offer as well.

Demand is high & If you you would like to know more about this then please get in touch and I can guide you in the right direction.

CONCLUSION

Mining can offer you one of the greatest opportunities within Cryptocurrency today.

The safest and most secure way to partake within the industry is mining

Mining is the creation of the coins and securing the Network by verifying the transactions that are recorded every ten minutes.

Remember nothing technicall is needed here the mining company I am partnered with will do all of that for you.

You will be putting up the capital for the equipment and hardware needed to produce more bitcoins or other coins available, which we have one of the best companies in the world to do this all for you.

The movements can be volatile in the markets and you never know what the price will be or do. So mining allows you to hedge against the price and you get your coins at a deep discount for putting up the capital for the equipment & energy needed to produce and partake in the mining process.

So no matter what happens in the market place you are always safe and your coins are making coins every 24hrs. The price can fall dramatically and it does not effect the Miners. If the price does drop that means we can mine more coins.

It’s Win Win being a miner so start your journey today and be part of the hottest opportunity in the world right now!!

Many thanks

The Crypto Pro’s

P.S

To learn more and follow us on social media please follow these links

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https://m.facebook.com/thecryptoprosfanpage/

The Crypto Pro’s group

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Twitter pp

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Website – www.thecryptopros.com

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Mining

http://www.thecryptopros.info

China can not ban Bitcoin

The Chinese Government caused a huge stir in the Bitcoin world over the last few weeks. Uncertainty was in the air and people did not know what was going to happen in the Cryptocurrency world over in the Chinese community.

In this blog I want to show you why China can not ban Bitcoin!!

People in China love a money game and love investing into projects with big money,. They really do get excited from gambling and earning fast returns.

So my question is did the criminal world play on the fact that they know so many people would invest into “So called ICO’s “?

So many people were joining these fake ICO’s and getting scammed the government stepped in and put a stop to the all of the fake shenanigans that were accoutring on a regular basis.

I actually think this was a good step by them to stop all the fake money games that were created just to cheap people.

Then in another bombshell that caused major panic & was announced that the Bitcoin exchanges could be banned and stopped, this news crashed the market for a period of time, but bitcoin community stood strong & is far to powerful to ever be shut down and you can not stop something that can’t be stopped!!

Bitcoin is a decentralised peer to peer network that is run by millions of computers all over the world.

The only way you can stop it is by turning off the internet!!

China may be playing a game too, have you ever thought what if they did this on purpose, what if they are a big player in this too?

Did they cause a panic in the market on purpose?

Do they have their hand in the market too?

This question is yet to be answered and only time can tell??

Bitcoin can not be banned though as it is a totally decentralised network, so there is no office to shut down, central body to attack, power chord to pull out of the wall, it is powered by the network all over the world..

This is what makes this such a powerful concept, the people have the power back

China actually tried to ban Bitcoin back in 2012 and failed, now this attempt which really just looks all about control in my opinion.

No matter what happens they can not ban Bitcoin!!

The biggest mining farms in the world are based in China & it was never mentioned that they would be shut down as well. Which is odd considering most of the volume comes from there!!

Here is a great interview with the Dollar Vigilante -Jeff Berwick explaining why Bitcoin can not be banned.

What are your thoughts on this situation in China?

Please leave us your comments below.

P.s

If you want to know more about Cryptocurrency please follow us here –

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Twitter pp

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Bitfinex exits the USA after tough new regulations

The USA government regulations are getting worse and worse towards Cryptocurrency & making it harder for anyone to partake, it's becoming a joke now as Bitfinex trading platform gets shut down from USA members.

More sad news for USA Cryptocurrency trading fans which really makes me angry to hear such a good platform like Bitfinex is now not allowed to operate in the USA because of these new regulations that are being implemented.

I swear they just make up rules as they go along.

Members have 90 days to clear all their portfolios and if you have and US holders of ethereum ERC20 tokens have only 5 days to stop trading them on the exchange.

Leading bitcoin exchange by USD volume, Bitfinex, announced on Friday that it is exiting the U.S. retail marketplace. Effective immediately, the exchange no longer accepts verification requests for U.S. Individuals.

Now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.

The bankers are a running scared to what Cryptocurrency is going to achieve & do them and are doing everything they can to try and keep their power.

This is a clear sign of what is going within the industry inside of the US right now!!

” Bitfinex admitted that “compliant banking solutions for U.S. individuals remain elusive.” Consequently, the exchange stated.

Bitfinex expects the U.S. Regulatory landscape to be even more challenging in the future. “Exchanges based in the U.S. are better positioned to properly service retail U.S. Customers,” it wrote.

In addition, the exchange also announced that U.S. customers will no longer be able to trade ERC20 tokens issued through initial coin offerings (ICOs) on the exchange. This part of the changes will commence at noon UTC on August 16.

The U.S. regulatory agency, the Securities and Exchange Commission (SEC), announced in a report the organization conducted research on the current state of Initial Coin Offerings (ICO) which reported the days of all these token sales and the “Wild West” ICO period is likely coming to an end.

The report conveyed a few key statements that established that U.S. federal securities laws would apply to ICOs and digital token sales. Due to the past six months of ICO excitement, raising millions of dollars in crowdsales based off of the Ethereum protocol.

Any Organization Failing to Comply With U.S. Securities Laws Will Be Held Responsible..

"The SEC’s decision reinforces what the blockchain industry already knew: Federal securities laws apply to all new types of technologies,” Nerayoff told Bitcoin.com.  

If anything sold has the characteristics of a security, one must follow U.S. securities laws. This is the case for all technologies. And it should be expected that any organization that fails to comply with the requirements of U.S. securities laws will be held responsible.

It is now clear that some digital currencies will be viewed as securities, depending on how the tokens or coins are structured. Now we’ll see what happens as companies attempt to fit within the SEC’s guidelines.

CONCLUSION

It seems we can not even breathe without the SEC wanting a slice of the pie in today's Crypto world. The US is shooting themselves in the foot with all these regulations and rules that they just keep making up & spoiling what could be so beneficial for millions of people.

Will they look back and regret these decisions in the future as they fight the Crypto world now, but will only have one choice in the future to join and praise the Crypto concept.

What are your thoughts on Bitfinex getting shut down and all these rules the US have to play by?

The Crypto Pro's

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