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

What is going on in the Cryptocurrency world..

Here is an overview of what is happening in the Cryptocurrency world right now?With lots of ups and downs, high volatility, unpredictable markets, it is clear to say unless you understand the full power of this concept you may make the wrong decision.

Some People are uneducated and and thought they would double, triple even more their money in a few days with #Cryptocurrency

This is not what this is about and it’s not just an investment it will change money forever!

The concept of Crypto will help billions of people around the world have financial services, conduct business and drive the local and regional economy in a way they have never had before.

The Kenyan farmer can now conduct business with someone in the uk purely over a mobile phone.

When a Cryptocurrency has such high gains in a short period of time and starts to correct itself people panic and don’t understand that is how currency works.

I am glad it’s had this huge correction now because it veins out the weak investors who are only in this for their own greedy short term gains and have no clue what this about. They are joining because of Fear Of Missing Out syndrome.

This is not for the weak, it is very risky but if you truly understand what we have here in our hands is just simply phenomenal. Now watch what it will do in the next year!!

This has not even started yet. We are at such early stages and the best coins/ projects have not even been invented yet..

The greatest financial evolution we may ever see is unfolding before your very eyes.

The time to really start your education is now or you will be left behind!

All of the events I go to and speak at,people don’t care about the price today they care about how it will change the world in a few years time. That is an incredible energy you just can not grasp until you are really in the understanding of what we here.

Up until now it’s just been an experiment , but now we have proof on concept. It works!!

2018 is about usability and having a peer to peer cash payment system that we can transact money anywhere in the world like sending and email..

This is the year we see mainstream adoption unfold and we see cryptocurrency

Become something that writes history. I truly believe that!!

Do not underestimate

the price of #bitcoin and the other Cryptos right now, you have not seen anything yet..

Conclusion

Cryptocurrency as not even started yet. This is just the begging so do not underestimate this concept we have a long way to go to help educate the masses, but. It will. Be worth it. 2018 is the year we see mainstream adoption and the technology become easier, faster and more efficient to use.

The time is now to start learning about and if you are interested please send a message to be included into our education groups.

We are here t help you understand Cryptocurrency and the Blockchain Technology

Here is one off our fan pages you might like;

The Crypto Pro’s fan page

https://facebook.com/thecryptoprosfanpage/

The Crypto Pro’s group

https://www.facebook.com/groups/385693181623850/

What is Bitcoin Cash,

Bitcoin is the first mover in Cryptocurrency and has been the no 1 driving force for some time until recently when it has lost 65% of the market share. In my opinion was due to other coins being born and. faster and more effective technology being released. Then come the high fees and slow processing times and it has caused big dip in the bitcoin market.

The fact that Bitcoin is giving such a bad user experience right now and just not performing as it should do, is a major problem and needs fixing!!

Bitcoin was designed to by Satoshi Nakamoto to be a peer to peer cash payment system. Today that is not the case and now people are having to pay extremely high fees & deal with very slow processing times,sometimes even days to be verified.

This truly goes against everything that bitcoin was designed to do and be.

As much as I love bitcoin and it pains me to write this I need be honest right now, it’s completely useless unless you are mining it of course then it can be really profitable.

We really do need a Cryptocurrency Payment Solution for an eco system that we can rely on with low fees and instant transactions.

I personally believe that Bitcoin Cash (BCH) could be one of the main Cryptos to help answer this problem. Bitcoin will be the gold of the internet and give an intrinsic value to our money again. You will be able to purchase a house ,car with bitcoin but for everyday use like buying a coffee, going for dinner right now it is to expensive and to slow. In my opinion BCH has the all the answers and will become the payment system that bitcoin was supposed to be a peer to peer cash payment system.

Bitcoin Cash is Bitcoin, it is exactly the same protocol with 21 Million coins, but can handle more transactions and follows how Satoshi originally intended bitcoin to be when he wrote the rules of bitcoin back in 2008/2009.

Bitcoin is now slowly becoming a centralised model with one core team of developers who seem to only be in this to make money for themselves by creating a dramatic increase in fees for the users. For 9 years bitcoin was seamless and had no problems, fees were practically zero, processing times were instant. Bitcoin was the competition to the banks we have never had before. Now we may as well use a bank, there is no difference $100 fees and processing times of 4 days it’s complete craziness & goes against everything wee been teaching for the last 5 years.

Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.

This is not how Crypto is designed to be!!

BCH was created on Aug 1st 2017 through a hard fork and a split of the bItcoin Blockchain. So you can look at this as bitcoin 2.0 a faster and more efficient version of bitcoin that has a more advanced technology.

Bitcoin Cash can handle more transactions than bitcoin and has much cheaper fees that are integrated for the longevity of the project. Bitcoin Cash is actually the only forked bitcoin that sticks to exactly the same protocol as bitcoin. Many others forked coins are trying to write their own rules and BCH are working to Satoshi’s rules and vision.

BITCOIN CASH FOLLOWS THE SAME PROTOCOL

At present bitcoin can only handle seven transactions per second and has 1MB blocks. In today’s financial economy and the amount of digital transactions taking place in the Bitcoin Blockchain we have Hundreds of Thousands of Transactions every 24hrs. You can not record and process that many transactions into a 1MB data storage block. So the bitcoin Blockchain is now so full it is taking days to see transactions be verified.

If you want to know what the Blockchain is please read this; https://thecryptoproezine.com/2017/06/19/what-is-the-blockchain/

Bitcoin Cash is designed to handle Thousands of transactions and has an 8MB block size.that is about 40,000 transaction in each block compared to bitcoins average of 2500 per block. BCH can also scale on the Blockchain, so every couple of years the block size will double to 16MB, 32MB 64Mb and so on. This allows BCH to handle the volume of the expanding demand Crypto brings to the world.

We need Borderless, instant Transactions and they are now something we can use and rely on again within the Cryptocurrency world. Bitcoin Cash is how bitcoin is supposed to be. The opportunity that BCH brings to the space when you truly understand this is really special and like being involved in bitcoin 3 years ago.

This coin offers serious potential with a very strong technical division made up of several different developing teams plus years of marketing experience in tow to take this coin forward.

This can only mean one thing for this coin and that is further exposure in the right channels across the world.

Here is a piece from the bitcoin cash website (www.bitcoincash.org)

Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

Bitcoin Cash offers Decentralized Development – With multiple independent teams of developersko o providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it.

Here is a great video explaining Bitcoin Cash

If we look at other solutions to speeding up the transactions and lowering fees, we could possible look at SEGWIT2X, but they only want to double the block sizes to 2MB, that solves a small problem but the blocks are still not big enough. We need much bigger blocks and on chain scalability. Read about Segwit2x here https://thecryptoproezine.com/2017/11/08/what-is-the-bitcoin-segwit2x-fork/

Bitcoin Cash can do this and more.

If we look at the Lightning Network, this is an off chain solution and is still in theory nothing has been proven yet and until it can then we are still in the same place.

Read about the lightning Network here https://lightning.network/#intro

If they can get this technology working it really could be a huge solution to help bitcoin, but until they implement it and we know it works wether it can be durable for the future,we just don’t know!!

Bitcoin Cash is a huge player in the Crypto Markets right now sitting fourth n the entire world, with a value of around $1700 and a market cap of $29Billion + (28/1/18) Not bad for a coin only been around for a few months is it?

If we really want to stick to Satoshi’s vision and the technology he actually created then in my opinion Bitcoin Cash is the solution to take Cryptocurrency forward at a much faster pace, but that is just an opinion…

The only thing I must add as a miner, that I find really interesting is mining bitcoin it is so profitable because of the high transaction fees that are rewarded when winning a block. When processing transactions the fees as part of the reward for the the work we have completed. Mining bitcoin is and always will be profitable at this rate and I do not see that slowing down any time soon.

I believe this will always be the first mover in the space so it has a lot of potential for much more gains but until someone sorts out these extremely high fees and slow processing times who knows what will happen to bitcoin.Only when Someone fixes this then bitcoin may boom again.

If we look back over history and technology it always becomes more advanced and someone always comes up with a better way to make things more efficient, faster, easier to use, but what ever it maybe the first mover is not always the winner.

Right now I would say it is still such early stages that we are probably still in NOKIA mobile phone stages of this technology. who ever creates the most usable currency of any of the coins with low fees and instant transactions will win.

HOW TO PURCHASE BITCOIN CASH

If you want to purchase bitcoin cash (or any other Cryptocurrency) please feel free to use our private broker www.bcbitcoin.co.uk

You must quote reference Crypto Group to get our special discount.

1- email

Info@bcbitcoin.co.uk

2- quote -cryptogroup. to get your oreder processed quicker and get our special discount.

3- You must send picture of you holding your passport 8& a declaration note which bc bitcoin will provide.

4- Place order for coins you which to purchase.

5- If you are buying mining package you must be specific on the first email that you want this & what package you are choosing.

The person who told you about the mining will guide you in right direction for the best package for you.

THE BEST BITCOIN CASH WALLET

To get YOUR BEST Bitcoin Cash wallet please download from bitcoin.com here https://wallet.bitcoin.com/

This wallet is 100% private and you control your own private key.

This is safest way to store your coins and keep them safe or grab a ledger wallet and keep them off line.

You can also check out these.

CONCLUSION

BITCOIN CASH BITCOIN – Cheaper, faster payments, instant transactions and practically no fees. BCH can scale and handle more demand as time goes on. In my opinion BCH has a lot of potential but only time can tell if the people will adopt this coin as their peer to peer cash payment system.

What are your thoughts on Bitcoin Cash?

Please leave us your comments below?

Please subscribe to our blog to keep up with The Crypto Pro’s.

Resources

Bitcoin White Paper https://bitcoin.org/bitcoin.pdf

Bitcoin Cash Website – https://www.bitcoincash.org

Many thanks

The Crypto Pro’s

P.s

If you would like to know how to Profit from mining please contact us and we will be happy to set up an interview and make sure you are a good fit for our private club and community.

We can not promise anything but we would love to chat and go from there.

TCP.

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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Germany’s leading food delivery service now accepts Bitcoin

In this post we are going to talk about Germany’s leading food delivery company now accepting Bitcoin.

The world is changing and Digital payments are here to stay. 
Germany’s leading food delivery service Lieferando.de who have over 11,000 restaurants are now accepting Bitcoin as payment. 

Lieferando announced this week that it has added bitcoin as a payment option. In addition to having over 11,000 partner restaurants, the company claims to have 3.9 million users and 17.3 million orders with an average order value of €19.68.

The sales are in the millions across Germany using this service.They are dominating the market place & are now leading the charge in their region. The parent company to this business is Takeaway.com. So the millions of customers who use this service will now see Bitcoin as a payment method .

This will bring huge attention to the Cryptocurrency space & just shows you that this is growing super fast & the future of payments is here. 

Lieferando.has already included information about how to pay with bitcoin on its website. Bitcoin payment is facilitated by Bitpay, just like other Takeaway.com brands that accept the cryptocurrency. Users paying with bitcoin will be redirected to Bitpay and back after payment has been made. “The bitcoin amount is always converted according to the current exchange rate of Bitpay,” the site detailed. 


In addition, Lieferando.de added, “when paying with bitcoin we do not charge any additional costs.” Paying with credit cards and Paypal, however, will incur a fee of 6%, according to Takeaway.com.
CONCLUSION-  

Bitcoin will now be gaining huge exposure across German with its leading food delivery service Lieferando.de which has over 11,000 restaurants on board. This will grow exposure to millions of people and brings huge credibility to Cryptocurrency space. 

Payments are moving to a digital form and and the new money is here to stay. The journey for any Cryptocurrency is really just getting started & if you would like to know the best Ines to buy right now please go to this post I wrote all about the industry 

https://thecryptoproezine.com/2017/06/07/the-top-cryptocurrencies-you-should-be-purchasing-right-now

How do you think this will effect the Bitcoin market & would you use this service leave a comment below and let us know what you think? 

The Crypto Pro’s 

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Cryptocurrencies back on the rise

The last Few days the media made a frenzy of the little dip in price in the Cryptomarkets!!

My inbox has been non stop since, all I could say to everyone is please do not worry!!! STOP PANIKING was and is my message to everyone who wanted to know are the markets safe? 

I knew it was just a dip and today just showed why the cryptomarkets are the most amazing concept since sliced bread. The currencies are too strong to stay in a downturn for long. 

When a currency is a fixed supply and there is a huge demand for the product, it can only go one way & that is back up. There are literally thousands of people joining the Cryptocurrency communities each day. The eco system is in full swing now and you can not stop it. Experts are saying Bitcoin will go to $10,000 a coin or more in the next few years and beyond. 

Ethereum is said and believed to take over the spot as the no 1 public Cryptocurrency in what the industry is calling the flippening. This is where ethereum will overtake Bitcoin and have the biggest market cap in the industry of public coins. ,

 In fact actually ETH Went No 1 on Poloniex today. 

  

  • Bitcoin  up 
  • Ethereum up 
  • Litecoin up 
  • Ripple up 
  • NEM up 

 

Hope you get the picture about this industry and just how special it is. Yes it can be a little volitile but it will explode again very soon. There is nothing to panick about, so please do not sell your coins. This industry is an opportunity like no other out there and could potentially change yours and families future forever!! 

Why would you sell your coins now?

If anything when it does take a little dip in value, I always look to BUY MORE!!  

BUY LOW SELL HIGH..

With my knowledge & Knowing the industry it does help to my advantage and the more you get educated about it, the more you will see the opportunities out there and will be able to benefit more too. 

Play it safe, take action, the choice is yours .- 

Disclaimer:  I offer no financial advise or guarantees in anyway, I am not a financial advisor. If you chose to play the markets, you play it at your own risk. 

The Crypto Pro’s

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What is an ICO

There is so much talk in the Cryptocurrency space right now about The ICO, but what is it? 

ICO first of all stands for Intial Coin Offering.

An ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for money today. ICOs provide a way for cryptocurrency project creators to raise money for their operations. Most ICOs raise money in Bitcoin or other cryptocurrencies.

The ICO usually takes place before the project is completed, and helps fund the expenses undertaken by the founding team until launch. For some of the larger projects, part of the ICO money goes into a foundation that provides ongoing support to the project. They also work as an initial distribution model for the cryptocurrency tokens.

 The ICO participants are investing in the success of the project. They can help get the word out and raise awareness in the broader community. They also provide early liquidity for the cryptocurrency tokens when they start trading. The ICO participants are also usually motivated by a profit potential if the project takes off and the tokens become worth more than the ICO price.

ICO “coins” are essentially digital coupons, tokens issued on an indelible distributed ledger, or blockchain, of the kind that underpins bitcoin, a crypto-currency. That means they can easily be traded, although unlike shares they do not confer ownership rights. […] Investors hope that successful projects will cause tokens’ value to rise. 

ICO’s are clearly the hottest topic right now. Please do your own due diligence and research into the product that you are looking to enter with. After all no one wants to lose their Cryptocurrency coins, they can be very high risk. 

Not all the ICO’s have worked out and you could be swimming with the sharks in very murky water.

Saying that though Initial Coin Offerings are now going to open opportunities that companies they have never had before. Investors will have the chance to add to projects that are gaining success and adding to a good cause that is already worth while.

 Disclaimer – Any investment you make is solely your choice, and we take no responsibility of your actions. This can be a very risky space, do your research. 

The Crypto Pro’s 

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You may also like this – https://thecryptoproezine.com/2017/06/21/monaco-visa-card-launched-for-bitcoin-ethereum/ 

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