Tag Archives: markethive

Microsoft to Add Extensive Support for Bitcoin – Describes it as Currency

Microsoft to Add Extensive Support For Bitcoin, Describes it as Currency

"Microsoft, a technology giant headquartered in Washington, officially announced its plans to add extensive support for Bitcoin in the upcoming release of Excel 2017, which would allow users to calculate, format and analyze Bitcoin on the platform."

Martin Butler, account executive at Microsoft, stated:

“In 2017, Excel will be able to recognize, format, calculate and analyze numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS and iOS, and will include Excel Mobile versions as well.”

In the article, written by Joseph Young who writes for CoinTelegraph, he goes on to say: 

"In consideration of past events and Bitcoin’s crucial role in protecting the wealth of most households and businesses in the past 12 months, Microsoft coined Bitcoin as a currency for millions of users utilizing Microsoft Office on a daily basis."

 

I am looking forward to the release of Excel 2017, specifically because of the enhancements Microsoft is making with regard to Bitcoin.

To read this article in it's entirety, and for more articles written by Joseph Young,  Click Here.

 

Judy Curtis,
Contributor

What Does Bitcoin & Blockchain Have to do with Cruising?

 

Justin Connell,  an Associate Editor with the Bitcoin.com News team, wrote yesterday:

“Bitcoin was built on a platform without national boundaries,” the Former Governor of the Bank of China, L H Li, said on CCTV Tuesday in China. “If you want to kill Bitcoin, it will be an impossible task. So it will continue to exist. What is important now is that we should properly regulate it.” 

Rumors in China have led bitcoin exchange executives to expect “forthcoming official guidelines in the coming weeks” by PBoC (People’s Bank of China). “Such regulations could set a global precedent”, says Aurélien Menant, Founder, and CEO of Gatecoin, a regulated blockchain asset exchange based in Hong Kong. “China will probably beat Japan as the first nation to officially regulate cryptocurrency trading and exchange activities.”   

For the balance of the above interesting article, Click Here

Bitoin, blockchain, and crypto currency articles are prevelent today.   However, today I came across an article promoting a Blockchain Cruise.    Yes, I did say Cruise! 

"CoinsBank is proudly announcing the second annual event – the CoinsBank Blockchain Cruise 2017, which will be held at the best and latest cruise ship – Anthem of The Seas. This unique and extraordinary event will bring together the brightest minds, top speakers, media, fintech and blockchain industries representatives to discuss latest trends and shape the better future today, not tomorrow.

The CoinsBank Blockchain Cruise is aim to revolutionize and change the way of running traditional conferences. This is time to Walk not Talk! And let's do it with fun and the highest quality of world known service".

Cool new way of combining learning with relaxation.    Interested?   Need more Information?   I've got you covered ….. just Click Here

Bottom Line is that I believe the Bitcoin is here to stay.   There will be other crypto currencies that come and go, perhaps one day there will even be a crypto coin better than Bitcoin.   But for now,  I perceive Bitcoin to be the head of the crypto-coin pack!

 

Judy Curtis,
Contributor

Bitcoin: The End of Money as We Know It

Bitcoin has been around for a number of years now, but only in the last 6 – 8 months, have I seen more and more articles on Bitcoin.  The price has escalated from around $450 per Bitcoin last May until today’s price of just over $1000 per Bitcoin.

To gain a better understanding of Bitcoin and how it can and does affect financial matters around the world, one can spend hours and hours using Google to find an abundance of articles and videos on the subject.  I have come across a documentary video which provides a very informative and interesting insight on not only Bitcoin, but the financial system in general.  I offer it here for your viewing pleasure.

BITCOIN:  The End of Money as We Know It

It is my hope that you have a better understanding of Bitcoin and it’s importance to our financial future.  While I don’t think that paper currency will be obsolete in my lifetime,  I do think it is a good idea to educate one’s self with Bitcoin, blockchain, ledgers and the rest of the terminology that goes along with digital currency and perhaps get acquainted with how to set up a wallet and make a purchase of Bitcoin.

 

Judy Curtis,
Contributor

 

Save

What’s in a Name? From Bitcoin to Blockchain to Distributed Ledgers

What’s in a Name? From Bitcoin to Blockchain to Distributed Ledgers

(@nelsonmrosario) | Published on February 11, 2017 at 15:42 GMT

Opinion
 

Nelson M Rosario is an intellectual property attorney working as an associate at Marshall, Gerstein & Borun in Chicago. He has years of experience working on patent prosecution matters in bitcoin/blockchain and fintech, as well as other areas.

In this CoinDesk opinion piece, Rosario ponders why we have developed so many terms for what is effectively the same technology – bitcoin.

“What’s in a name? That which we call an electronic payment system based on cryptographic proof instead of trust by any other name would smell as sweet.”

– William 'Satoshi' Shakespeare (probably)

In the beginning, there was 'bitcoin', and it was good. But, bitcoin would end up bearing a nomenclature fruit salad that tests mortal comprehension. Perhaps, that is the natural way of things.

As a new technology develops, the number of people exposed to that new technology increases, and the language used to describe the new technology evolves.

Initially, the language was limited to bitcoin. Now a person is liable to see any of the following words or phrases that theoretically all mean different things: bitcoin, Bitcoin, block chain, blockchain, Blockchain, private blockchain, public blockchain, distributed ledger technology, distributed asset ledgers, decentralized ledger technology, shared ledgers, et al.

Further confusing the matter, the term bitcoin may not always mean the same thing to different people. What happened? Why the change in language?

First, bitcoin has the word 'coin' right in it. This naturally makes people think of currency. Not surprisingly, bitcoin use as a currency is far and away the most successful iteration of bitcoin. The applications for bitcoin are not, however, limited to currency.

This is where much of the confusion arises. Intuitively, the currency implementation for bitcoin (with the word coin in it) makes sense. Trying to convince someone that bitcoin can also be used for purposes as diverse as asset transfers, escrow services, or logistics management is not so straightforward.

Bitcoin also suffers from an image problem. The early publicity surrounding bitcoin included scandals, thefts, a euphoria akin to the Tulip bubble, and in general, bad press. 'Fake internet money', as some people called bitcoin, did not inspire confidence amongst the masses.

Additionally, the main advocates for the new technology were unpolished and unproven. Often if someone had heard of bitcoin they had heard of the failed Mt Gox exchange, or they assumed bitcoin was something a person used to buy illicit drugs or hire a hitman. The reality was not that far off.

How do you get people to forget about the failed exchanges, drugs, and hitmen? Get them to focus on 'the technology underlying bitcoin', and get them to think about the other potential implementations. Once the conversation moved beyond currency, people started searching for a new word. That search led them to the blockchain.

The rise of the blockchain

Negative publicity and conceptual confusion laid the groundwork for people to begin to refer to the blockchain as the real innovation to come out of the bitcoin phenomenon.

The blockchain is a chain of transactions that makes bitcoin possible. The term refers to a collection of bitcoin transactions grouped together into blocks and linked through cryptography. This linkage is part of what makes it virtually impossible to fake bitcoin transactions.

In a sense, the blockchain provides true decentralized trust and distributed consensus, but the rebranding, or reorienting of people’s attention, to the blockchain and away from bitcoin may be just a clever marketing trick.

Many people argue that you cannot separate the blockchain from bitcoin. The thinking is that you cannot break up bitcoin into its component parts because the parts by themselves will not work the same way independent of each other. In other words, the whole is greater than the sum of its parts. Regardless of whether this is correct, that is precisely what people have done.

Once the power of bitcoin became apparent, we started to see article after article touting the 'real innovation' behind bitcoin. Respectable and well-established firms began developing blockchain solutions to their problems.

People consistently discredited bitcoin as boring, while extolling the virtues of the multifaceted blockchain. Large banks, financial exchanges, and the 'Big Four' consultancies all rushed to publish reports on blockchain technology. The hype train that left the station heading to Bitcoinland was diverted to Blockchainville.

There are now hundreds of blockchain startups. Problems related to back end services for large institutions, digital identity, asset transfer, escrow, and logistics, are all being tackled by blockchain solutions. Even tracking pork along a blockchain has been proposed. These companies are doing truly innovative work.

However, to many observers the term 'blockchain' is still conceptually associated with bitcoin. So, if a company describes an innovation that leverages a type of blockchain they have to distinguish it from bitcoin and the bitcoin blockchain. How do blockchain companies talk about what they are doing without referencing bitcoin, or other blockchains? The solution is to talk about ledgers.

The arrival of distributed ledger technology

A ledger can record transactions between multiple parties. The ledger concept is a main building block of bitcoin and any blockchain. Ledgers also benefit from the fact that they are commonly thought of as boring, safe, and dependable tools in an accountant’s toolbox, as opposed to the technological innovation that makes bitcoin possible.

What better way to put thoughts of bitcoin and blockchain out of people’s minds than insisting that you are only talking about ledger technology? Thus, the conceptual chain to bitcoin was broken.

However, there remains considerable debate over whether this is feasible or even desirable. To early adopters, bitcoin is a monolith that cannot exist without distributed trust, consensus, and immutability, but many new industry entrants view the technology as an a la carte buffet. They are free to decide between many concepts including: permissioned vs permissionless, public vs private, tokenized vs no token, etc.

Today any institution or organization that refers to ledgers is free to discuss bitcoin or blockchain related concepts, without the supposed taint of bitcoin. Even the Federal Reserve Board (of Federal Reserve Bank fame), has touted ledgers in their recent report on “Distributed Ledger Technology.”

Over the past two years, hundreds of new blockchains and ledgers have been created. They all draw on the root concepts of bitcoin, but their purposes and the lingo used to describe them have diverged widely. This conceptual repackaging, and public relations approved language replacement, is likely to continue for some time.

What does it all mean?

This story has gone from bitcoin to blockchain to distributed ledger technology. There are companies that operate in all of these spaces, or only one of them.

Outside observers are forgiven if they struggle to keep up with all the different terms. Yet, through all of this evolution and upheaval, bitcoin has remained central to the discussion. Whether bitcoin, the blockchain, and distributed ledgers will be adopted and thrive or consigned to the ash heap of history remains to be seen.

The fact that bitcoin has undergone repeated repackaging is a testament to the strength of the technology. Other blockchains or related technologies may rise and fall, but bitcoin’s inertia and first-mover advantage will continue to make it the most relevant cryptocurrency, blockchain, and ledger.

Evolution image via Shutterstock

Disclaimer: The views expressed in this article are those of the author and do not necessarily represent the views of, and should not be attributed to, CoinDesk.

 

Credit is given to Nelson M Rosario for this informative article.

 

Judy Curtis,
Contributor

Bitcoin Price Sinks Below $1000 as Exchanges Cut Services

Bitcoin Price Sinks Below $1,000 as Exchanges Cut Services

(@mpmcsweeney) | Published on February 9, 2017 at 13:51 GMT

 
 
 

Bitcoin's price has fallen sharply, dropping below $1,000 amid news from China that major exchanges had temporarily cut services.

At press time, prices were down more than 7% after word emerged this morning that two of China’s biggest bitcoin exchanges – Beijing-based OKCoin and Huobi – are freezing bitcoin and litecoin withdrawals for a month following pressure from the People's Bank of China.

Yuan deposits and withdrawals are not affected, the exchanges said.

Markets had been hovering around $1,063 when the news broke, though this has now changed as the market seeks to price in the news.

According to the CoinDesk USD Bitcoin Price Index (BPI), prices fell as much as $80, hitting a low of $958.56. BPI data shows that prices had previously hit a high of $1,077.76 earlier today.

At press time, bitcoin prices are at an average of $988.

CNY-denominated markets were down more than 13% from their peak on the news at one point, according to the BPI, falling from a high of ¥7,598.92 to an average of ¥6,755.52.

However, the price was up 5% on the day at press time, indicating traders were perhaps viewing the news as a buying opportunity.

Real-time response

So far, market observers appear to be reacting with a mixture of surprise and concern when reached for comment.

OTC trader Zhao Dong indicated that he expected further price weakening stoked by traders "since you can only deposit coins and sell" in light of the exchange policy changes.

Kong Gao, overseas marketing director at OTC trading firm Richfund, remarked more simply, stating:

"This is big news."

CoinDesk will continue monitoring this developing story.

Credit given to Stan Higgins who wrote this article for CoinDesk.

 

Judy Curtis,

Contributor

 

Bitcoin – A Quick Explanation & Why I Should Trust It.

Bitcoin – A Quick Explanation

QUESTION:   Why should I trust bitcoin?

ANSWER:   Here are the real questions you should be asking.

Why are more than 150,000 companies in the USA and more than 750,000 world wide accepting Bitcoins as a form of payment?

Why are individuals like Bill Gates and Richard Richard Branson investing millions of USD in Bitcoin?

Why are many governments adopting Bitcoins – Russians, Chinese, Japanese, etc. ?

Why are many companies investing millions of USD in Bitcoin?

Why are many lives still not changed by Bitcoin mining?

The answer is simple!  It’s a personal choice. You move with the times or you stay in the past. Bitcoin is going to be bigger that the internet.

Look at what happened to the Post Office when emails were introduced? Our libraries when Internet took over? What’s going to happen to Paper Money when Bitcoin or Crypto-currencies are the only currencies in the future?

Here’s the answer.   Everyone is going to use bitcoin or other Crypto-currencies. Only difference is that you will only be a user if you don’t get involved early. Just like with Facebook and the internet… many are mere USERS and they don’t have shares. If they had been involved earlier they would be shareholders.

 

Judy Curtis,

Contributor

 

 

Is This The Right Time For You To Become Self-Employed

If you are interested in starting a business, or taking over one, you face a daunting task that carries a level of risk and excitement not possible in the 'employee' world. If the financial independence of self-employment appeals to you – no boss, no income limits as to time and wage, and the ability to let your personal drive determine your compensation – then you will no doubt be eagerly going over the many options available to release you from your current job. However, the rush of financial excitement must be tempered by the necessary cost of time, money and effort in properly setting yourself up independently. Despite income claims made by business opportunity companies, or competing businesses, you must be ready to accept the reality of not seeing personal income for several months – or even years. Starting a self-employed business on the side, while keeping regular employment as your financial security, is a wise method of ensuring your income. Another option is to have substantial savings that permit you the freedom to pursue your dreams unencumbered with other employment. However, the savings must also be capable of carrying the costs of developing a business along with providing for your material needs. Do you also recognize the time that is required in starting your own business? In some ways it is almost unnecessary to bring up the point since your passion will likely drive you to spend many hours in your pursuits. If you have other obligations; family, job, social etc. then you will have to consider if you CAN devote the time needed to get your business off the ground.

Having discussed both money and time, you must recognize that there is much more effort extended BEFORE a business is profitable than at any other time in your business. Yes, once you are getting work and are satisfied with the income level you may be very busy indeed but you will then be compensated for it. When you are still cultivating your business – marketing, doing free jobs, searching for clients and customers – you may not be seeing any income, or a very meager one, which makes your EFFORTS seem immense. Do not falter! If you come to the point when you are working your hardest and doing everything your business requires but still not seeing monetary results, you may hit a psychological wall. This is where truly entrepreneurial individuals see an obstacle to overcome as opposed to a dead-end to their hard work. Passion for their work and the strong desire to work for themselves overcomes any perceived barriers and moves them to keep going and ultimately becoming very successful. By persevering you will certainly see the fine fruits of your labors and prove to yourself and others that the benefits of self-employment far outweigh the mediocre status quo of the typical worker's daily grind.

 

In conclusion,  I hope that you consider self-employment as a viable option.

 

Judy Curtis,

Contributor

 

What About Affiliate Marketing?

 

Affiliate marketing can be a great way for a person or business to make money online. Affiliate marketing is very often over looked but affiliate marketing can be a win-win for every party involved. Affiliate marketing helps out every party in a variety of ways. Many people do not have the means to build a large business and they most likely do not have the name recognition many of the larger companies have. So affiliate marketing can make sense for someone looking to make money online because they are normally given all of the marketing tools needed to market the company, such as banners, links, and signature links.  All they have to do is drive traffic to their links or banners.  Normally most companies pay out about 10% of the total sales per customer, with some companies paying as high as 25%.

Companies love having people join up as affiliates since it is like free advertising for the company.  Affiliate marketing can be great for a business because affiliate marketing will help produce sales. Many Fortune 500 companies use affiliate marketing as a way to help increase sales. What makes affiliate marketing so great for so many businesses is the benefits offered through affiliate marketing. You can literally have hundreds of thousands of marketers selling your product for you, at no cost to you. All you do is pay a percentage when they do make a sale. That is pure profit, plus having affiliates sell your product does not come with the headaches of having employees. One thing to remember  —  the better you take care of your affiliates, the better affiliates you will have selling for you. Some companies offer huge bonuses, cars, and vacations to their top affiliates.

In order to make a lot of money as an affiliate you must have one of two things. You must have a lot of traffic and clicks going to your links and banners. Or you must sell high ticket items or work for companies which give out a nice affiliate percentage.  Affiliate marketing can make you a lot of money but it does take work, it is not something that happens overnight.  It’s now a sophisticated channel that generates anywhere from 5% to 25% of online sales for many of the world’s biggest brands.

Is there a demand for affiliate marketers today? Yes, there is a huge demand. One of the challenges faced in the affiliate marketing industry is that it sometimes sounds too good to be true: advertising that’s guaranteed to work or it’s free!  Newcomers wonder if it’s possible, and skeptics claim that the cost effective prices of affiliate marketing lower the bar for online advertising. But there is a good reason that affiliate marketing has experienced steady growth throughout the ups and downs of online advertising—it works. And affiliate marketing has evolved to become a reliable source of sales for a wide range of marketers.

Almost all major multi-channel marketers have an affiliate program of some kind. The important thing to remember is that affiliate programs now come in all shapes and sizes.  Nearly all marketers agree that affiliates add value to an online marketing effort, but the program must be tailored to meet the marketer’s objectives.  Affiliate marketing has evolved, with affiliates and marketers becoming more sophisticated and programs more integrated with other forms of online marketing.

Affiliate marketing is a great way to earn money whether you are a marketer or a business. You should take full advantage of the benefits of affiliate marketing.

Judy Curtis,

Contributor

 

 

 

Learn How Entrepreneurs Make Millions

 

There are three basic ways of earning money which include trading time for money, trading money for money and trading expertise/value for money. Society and the formal education system promote the first method of earning money which involves trading time for money. In other words, you work for someone else for a specific amount of time and then they pay you. You have a JOB!  Working for someone else drains your energy and you don’t make much money.

The second way to earn money is utilized by a small portion of the population and involves trading money for money. In other words, you are earning money through investing. Investing can be risky; and if you lack additional funds then how can you invest any money in the first place? Therefore, many people can’t even try this option because they only have enough money to meet monthly expenses.

The third way to earn money is the best option. This entrepreneurial option involves trading expertise/value for money. This is the strategy of entrepreneurial experts. You have a flexible schedule, work less, and earn more. You can make thousands of dollars a day in this option.

In order to earn money through trading expertise/value for money you need to first figure out who you are and what you can give to others. What information do you know that could help others? You can find value from previous work experience or even from your hobbies. From this you can create your intellectual property.

What is Intellectual property? How big is the market for Intellectual property? Is there room for you in the Intellectual property market? These may be a few of the questions you have when you are investigating the information marketing business. First of all, anyone can create intellectual property. You don’t need to be a Rocket Scientist. You just need to have an area or expertise, or access to an expert, and a drive to succeed.

Intellectual property combines e-commerce and book publishing. For example, you can write and sell an eBook. Recent research has found that approximately 6 out of every 10 American adults surf the Internet on a daily basis seeking out entertainment, education, and to shop for products. People are more comfortable buying online than in the past. The market through the Internet is global and encompasses millions of people. Therefore, the information marketing business has room for everyone!  When you market on the Internet, you market to your niche. Therefore, you don’t have to worry whether or not your neighbor will want to buy your product. The Internet opens the niche market for you.

If creating and selling intellectual property on the Internet is so simple, why isn’t everyone doing this? The formal educational system and previous societal beliefs are to blame. In school, we are taught to finish school and then become an employee at a company. The entrepreneurial spirit is not promoted; in fact it is almost shunned. Don’t let societal beliefs stop you. The intellectual property market is wide, diverse, and ready to fill your pocket book with cash.

Now is the rise of the entrepreneur. More and more people are finding out that home based businesses are the best way for an entrepreneur to go. Home based businesses are preferred by entrepreneurs because they require the least capital. In most cases of home based businesses, you require very little capital as you don’t really have to rent office space. Just think about all of the money you will be able to save by bringing your business home.

Judy Curtis,

Contributor

 

Do Blogs Bring in More Traffic?

The Blog!  Blogs are popping up everywhere. Your favorite website has one. Your favorite television show has one. Even your teenager has one.   Blogs  —  What are they? Why are they everywhere you look?

Most simply put, blogs are like journals.  Instead of being made of the paper and cardboard kept secret by an even thinner piece of cardboard and a lock your baby brother frequently opened with a paperclip, these journals are online.  Why does it seem like everyone has one?  Well, because almost everyone does; and there is a good reason. Blogs can be used as journals, both private and public; they can be used as ways for fans to discuss the latest episode of their favorite show; or they can be used by major companies, especially those that are Internet-based, because unlike the traditional forms of advertising, blogs bring in more traffic.

For business purposes, there are many ways companies use blogs. For example, a company may have several blogs on its website, each one dedicated to something different: customer concerns, product updates, etc. In addition to being helpful to customers and other website visitors, these blogs bring in more traffic to the website.  Depending on the website, more traffic usually means more money.

So, how exactly do blogs bring in more traffic? The search engine visits your page more each time you update, ultimately moving your blog higher and higher on the SERPs (Search Engine Results Page).

Some pointers? First, the blogger will need to decide what he or she is going to write about. Choose a popular topic, one that people are interested in. Underwater Basket Weaving wouldn’t be a very wise choice as not many people seem to be interested in it. Unless, of course, you’re business is underwater basket weaving, in which case you should by all means write about it. Next, focus on some keywords; these are the words that search engines are going to pick up on. Don’t overdo it with keywords in your blog, but use them whenever you effectively can. Lastly, make sure you write content that will attract, and keep, a strong readership. You want your readers to keep coming back, right?

Go ahead, join the millions of people and businesses alike. Get yourself a blog.  Or corner your boss and suggest writing one for your company.  Explain how blogs bring in more traffic, more traffic means more money!

Judy Curtis,

Contributor