Bitcoin Price Could Go from Bad to Worse’: Bearish Analyst

Bitcoin Price ‘Could Go from Bad to Worse’: Bearish Analyst

   

The most potential use case of bitcoin today is the store of value.

But an analyst thinks otherwise. Stephen Innes, head of Asia Pacific trading at Oanda, a New York-based forex firm, believes that the world’s leading digital currency is due for another drop because it hasn’t provided the world a “significant use-case” yet. The Bitcoin hype, according to Innes, is far ridiculous than the one seen during the Tulip mania bubble.

Since its all-time high at $19,500, bitcoin has plunged more than 80% this year. Since mid-November itself, the digital currency has noted a 48.5% fall owing to specific macroeconomic crypto factors. Just recently, it established a new yearly low near $3,200, which is 83.5% lower than its good days’ peak. “It’s has been a disastrous year for cryptos,” Innes explained, “and by all indication, the current bear market could go from bad to worse with no fundamental or underlying reasons to buy BTC even more so when the only support offered up is a squiggly line on an analyst chart.”

A History Lesson

Either bitcoin cannot be anything. Or, it can be everything.

The digital currency upon its introduction in 2008 posed itself as an alternative payment system that raised its stakes against the popular payment mechanisms. True, bitcoin was much faster, cheaper and totally decentralized than any of its traditional counterparts. But its evolution brought several use cases on the sideways. Sooner, bitcoin was more than a payment mechanism. To some, it was a tradable asset; and to some, it was a currency of underground online marketplaces. The characteristics of bitcoin changed with every user. But, in a larger context, the digital currency remained a multifaceted technology.

Innes is right in pointing out that bitcoin hasn’t offered the world a significant use-case yet, because all succumbed to only one thing: price volatility. Had bitcoin been lesser volatile than it usually is, the digital currency could gain more trust as a payment medium, more so as a store of value. But aren’t we judging it too early, especially when we can always look back at the chapters of other assets that achieved stability only after a considerably long time? Let’s talk about Gold.

In 1971, when the President Nixon government ousted Gold from being the global value standard and replaced it with the US Dollar, the mighty fiat reserve with an infinite supply, the commodity experienced a period of huge volatility. In 1974, the gold bullion rose 73% against the US Dollar but lost 25% of its gains in the very next year. Another instance is rooted in the year 1981 when gold lost 33% of its value after witnessing a 121% pump prior to the fall.

How is bitcoin any different, you decide. The naysayers do not want to define it as a store of value, expecting that it should remain steady to be one. But they shouldn’t forget that older definitions cannot describe the characteristics of newer assets. Bitcoin, for all its technological issues, is still more likely to attain the status of a store of value, given its volatility goes down as people hold it more often than lose it on the first selling sentiment. And, at the same time, its appreciation should slow down after a rapid pump.

That’s how Gold behaved. And that is how bitcoin is acting in its current state. Then again, does Gold have a use case? Only 10% of it was used for industrial purposes. Get more info on this amazing Quora thread.

Article Produced By
CCN
Bitcoin Price News

https://www.ccn.com/bitcoin-price-could-go-from-bad-to-worse-bearish-analyst/

 

Deb Williams (hodlthrive)

ICOs: One Year Later

ICOs: One Year Later

With the sale of digital coins,

start-ups have taken many billions of dollars of capital last year. For the financiers, however, that has by no means paid off according to a study.

In August 2018, Digipulse declared himself a victim of a hypeship, which it was co-fired with. At the end of 2017, the start-up acquired approximately $25 million in an Initial Coin Offering (ICO) through Ethereum blockchain platform to build a secure digital asset inheritance service. But other ICOs were in demand at that time, so the price of Ethereum units shot up. This, in turn, meant that the use of the network became too expensive for Digipulse. So the young company was radically re-thinking: Instead of storing it in a blockchain, data is now classically stored on cloud servers, and those who want to use the service can only pay in dollars instead of using crypto-money. So you can confidently consider the Blockchain plans of Digipulse as failed.

Higher risks with ICOs

Nevertheless, the company is one of the positive exceptions in the ICOs of 2017, because after all, it still exists and has developed a specific product. The majority, on the other hand, sees things differently: The audit firm looked at the 110 largest ICOs in 2017 and found that 71 percent of them had neither a finished product nor a prototype until October 2018.

Also, the value of the digital coins they issue was well below their first market price in the vast majority of cases?—?here Digipulse is no exception. Anyone who would have invested in a portfolio of the examined ICO coins on January 1st, 2018, would have recorded a loss of 66 percent

until October.

“ICO-funded companies seem to be at higher risk due to a number of factors,” the EY experts wrote.

Researchers at Boston College had calculated this summer that investing in ICOs on average yield high returns. But this consideration covered only a short period. As things stand now, the more experience with ICOs, the more disillusionment it gets.

Up and down again

In keeping with this, the ICO hype?—?along with the price losses in most cryptocurrencies?—?seems to be gradually slowing down. Although in the third quarter of 2018 with ICOs still added about 2.4 billion dollars. However, that was only half as much as in the previous quarter and only about a fifth of the volume in the first quarter, which had been at nearly $11.5 billion. In fact, the numbers found by EY are not as bad as they might seem at first sight. 71 percent without a product or prototypes, in turn, means that at least 29 percent of ICOs have already implemented their plans.

Alex Lielacher of the crypto-market research firm Brave New Coin refers to this point. He compares ICOs with “seed funding,” the first start-up financing by venture capitalists?—?in this phase, normal start-ups usually have to offer only speculation and theoretical considerations.

Not unlike other startups

While the number of seed-funded projects in the US has grown rapidly since 2009, there has been little increase in follow-on financing. For Lielacher this shows how difficult it is not just for ICO-funded companies to get from the start-up phase to a marketable product. He points out that according to a rule of thumb from the venture capital industry, around 90 percent of all start-ups financed by it fail. Against this background, the previous success rate of the ICOs examined by EY is no longer so frightening.

The EY experts also point out that many companies have failed in previous technical revolutions. And for those who fared better, it took a while for them to mature enough to be considered an investment for a wide range of investors. In the meantime, according to their forecast, interest in ICO will probably shift from private investors to professionals “who know what downside risks exist and can handle them”.

Article Produced By
Marko Vidrih

Marko Vidrih
I love writing, and that is why I do it. A passion for not only providing the information but for helping people understand.

https://cryptocurrencyhub.io/icos-one-year-later-14f33d1b8196

Deb Williams (hodlthrive)

Even After 30 Billion Invested Most ICOs Are Doomed

Even After $30 Billion Invested Most ICOs Are Doomed

   

In the course of recent years,

initial coin offering (ICO) ventures in the crypto market have raised harvested more than $30 billion. However, most ICO projects have little to display, particularly relating to end-user development, blockchain adoption, and predominantly, general user activity on decentralized frameworks.

5 ICOs that have delivered

A small number of tokens have exhibited success in substantiating clear vision, growth paths, and credible use cases of blockchain innovation that’s advantageous for users.

Binance Coin (BNB),
example, which at present operates as the base cryptocurrency of the Binance exchange, will be widely used to process peer-to-peer trades upon the launch of the Binance decentralized exchange (DEX). Additionally, countless merchants have also as of late started to utilize BNB to receive crypto payments.

WePower (WPR)
based on the blockchain is a Green Energy Trading Platform and is committed to finding solutions to relevant issues of funds access for energy developers and furthermore coordinate venture access for final consumers. The tokens can be used for long-term investments in addition to earning purposes. The company has a well-developed ICO profile and is currently meeting their milestones and roadmap schedule.

Solve.Care (CC)
is rated as the top healthcare platform on the Blockchain by icoSource. Solve.Care boasts 26 years in Healthcare IT and aims to decentralize and ameliorate healthcare administration utilizing blockchain technology. This will improve the care outcome with the help of effective coordination and reduce the enormous global clinical and IT system costs associated with the current healthcare system. The ICO profile meets all technical requirements and is highly rated by experts.

XYO Network (XYO)
is building the world’s first people-powered location network built on blockchain technology. the world’s first decentralized location verification system with more than one million Bluetooth and GPS devices already around the world. With the acquisition of GEO, which provides a protocol that allows anyone to easily distribute and verify Proofs of Location in a decentralized network, XYO is poised to help bring the promise and the benefits of blockchain technology to the real world on a massive and global scale in location-reliant trade markets that generate a staggering $11 trillion in activity.

Markethive (MHV)
built on the Blockchain has positioned itself to be the world’s first social/marketing platform that offers complete privacy, along with total freedom of speech. With over 200 engineers and a hive of portals, hubs, E-commerce and marketing tools, Markethive’s influence in the sphere of entrepreneurs, business owners, commercial artists will rise to prominence. The system is up and running with Infinity Airdrops about to be executed. This is unprecedented in this industry and with its vision to bring universal income and success to all its members, it is set to be the number one Social/Market Network.

Imminent demise for most

While there are a few coins in the crypto market that represent feasible applications of the blockchain, the vast majority of projects have questionable roadmaps and long-term procedures.

As Uber’s Sam Gellman said:

“After $30 billion invested in the past two years in ICOs there still isn’t a single crypto app with a real user base for anything other than speculating on crypto. The BTC price movement is tough, but the lack of real user base for anything they’re investing in is tougher.”

With regulatory obstructions initiated by the U.S. Securities and Exchange Commission (SEC), the ICO ecosystem will turn out to be considerably more troublesome for both innovators and projects. This week, the U.S. SEC impeded two ICO ventures named AirFox and Paragon, portraying their token sales as unregistered security offerings and requesting

the two tokens to refund all of their investors.

“They have also agreed to compensate investors who purchased tokens in the illegal offerings if an investor elects to make a claim. The registration undertakings are designed to ensure that investors receive the type of information they would have received had these issuers complied with the registration provisions of the Securities Act of 1933 (“Securities Act”) prior to the offer and sale of tokens in their respective ICOs.”

The U.S. SEC affirmed that it supports the blockchain and the employment of newly developing technologies. However, the commission said that market contributors must recognize and

abide by local regulations.

“We wish to emphasize, however, that market participants must still adhere to our well-established and well-functioning federal securities law framework when dealing with technological innovations, regardless of whether the securities are issued in certificated form or using new technologies, such as blockchain.”

The significance of Bear Market

2018 bear market will separate worthy ventures from the fallacious and those that endure will be projects that have a definite vision, direction, zealous user base, and an ambitious model. As the capital in the market drops, speculators who recently put resources in every new venture in the market will become more judicious and it will be a real test for token sales without focused methodologies to interest general society. In time, as investors learn to exact due diligence and the market evolves into a more aggressive area, under-achieving projects will inevitably experience a decline in investment opportunities, user activity, and demand.

Article Produced By
Deborah Williams

I am a freelance writer for the Market Network and crypto/blockchain industry. I’m a strong advocate for technology, progress and freedom of speech and I live for a change.

https://zycrypto.com/even-after-30-billion-invested-most-icos-are-doomed/

Deb Williams (hodlthrive)

Does the Fall of 158M Crypto ICO Show Necessity of Strict Regulation?

Does the Fall of $158M Crypto ICO Show Necessity of Strict Regulation?

   

Recently, Sirin Labs, an initial coin offering (ICO) project that raised $158 million

during the bull market of 2017, made the headlines for its controversial pivot from a hardware-based business model to supplying software to mobile phone manufacturers. According to a report released by Bloomberg, nearly a year since the ICO, the company has not been able to generate any profit and its mobile phone called “Finney” was met with underwhelming demand from the market. The project is now facing a serious funding crunch and its capital is set to run out within 6 to 12 months.

Is Strict Regulation Required?

Last year, the project secured a mega-round from investors in the public cryptocurrency market to develop a mobile phone that uses cryptocurrencies as its native currency and allows users to trade and utilize digital assets. The vague business model of the company set out to compete against giants like Samsung, Apple, and Huawei in a highly competitive market.

At $999, the pricing of the mobile phone of Sirin Labs is right up there with Samsung’s Galaxy series and some of Huawei’s latest mobile phones that are considered to have the best specifications in the mobile phone market. Sirin Labs responded to the Bloomberg report stating that the Google Pixel camera module budget cost around $200 million, implying that the budget was not enough to develop a proper mobile phone.

However, the company could have adjusted to the initial capital it raised during its ICO and determined that the integration of cryptocurrencies is simply not enough to compete in the mobile phone market. The company’s entire business model can also be at risk of becoming redundant if a major mobile phone maker directly integrates cryptocurrencies into its models, and HTC has actually done it last month.

The company said:

“SIRIN LABS raised a little over 200,000 Ether, which is currently approximately $16m. We managed our risk efficiently by converting enough Ether to develop an amazing phone (for example, the Google Pixel camera module budget cost around $200 million to develop). I believe we have enough money to make SIRIN LABS a profitable company, even in today’s market, even though our task is more challenging these days, unfortunately.”

Individual investors, given the state of the market in 2017 wherein the valuation of every cryptocurrency and ICO project was rising through the roof, put in a substantial amount of money in projects like Sirin Labs that established vague and unrealistic business models. Even with the pivot, if it intends to provide software to mobile phone manufacturers, then it is competing with Android and Google, which supplies every major mobile phone brand in the market.

ICOs are struggling to find relevance in the market and the problem that Sirin Labs is currently dealing with is not exclusive to the project. Large-scale companies like ConsenSys have realigned their vision and long-term strategy to focus on delivering products that can realistically be adopted by the mainstream.

ICO Regulation

Regulation cannot force investors to make more intelligent investment decisions, as investors lose out in strictly regulated markets like the stock and real estate markets. But, in some regions like Japan and South Korea, the government has started to restrict ICOs to institutional and accredited investors that have the means to properly evaluate the vision, business model, and scope of a project before engaging in a large funding round.

Article Produced By
Blockchain News

https://www.ccn.com/does-the-fall-of-158m-crypto-ico-show-necessity-of-strict-regulation/

Deb Williams (hodlthrive)

Bitcoin Mining Industry Under Considerable Stress’ 13 Million Devices Switched Off

Bitcoin Mining Industry ‘Under Considerable Stress,’ 1.3 Million Devices Switched Off

   

For much of the year, the bitcoin mining industry appeared to be impervious

to the crypto market downturn, as the flagship cryptocurrency’s hash rate continued to climb even as the BTC price halved — and then halved again. In recent weeks, however, cracks have begun to form in this sector as well.

Bitcoin Hash Rate Drops as Miners Turn off Older Devices

Earlier this month, Bitcoin network difficulty, which adjusts dynamically every 2,016 blocks (a roughly two-week interval) in response to hash rate fluctuations, fell by 15.1 percent — its second-largest drop in history and the greatest since Oct. 2011. Just one period earlier, BTC difficulty declined by 7.4 percent, which was the most significant drop in nearly six years. While this does not, as some bears have suggested, mean that bitcoin has begun a death march, it does demonstrate the extent to which the downturn has begun to put the squeeze on miners with higher costs and thinner profit margins, many of whom had anticipated a crypto market that would look very different heading into 2019.

According to BitMEX Research, the Bitcoin hash rate has declined by more than 31 percent since the beginning of November, which is the equivalent of 1.3 million Antminer S9 miners being switched off completely. CCN previously reported that while miner overhead varies wildly based on the size of the operation, energy costs, and other factors, the market decline had hastened the obsolescence of older miner models such as the Antminer S7, which for most users are now little more than expensive paperweights.

Miner Revenue Falling Faster Than Bitcoin Price

Notably, the recent market sell-off has hurt miners even more than ordinary investors. BitMEX Research estimates that cumulative bitcoin mining revenue has declined to $6 million per day at the start of December from $13 million at the start of November, outpacing the bitcoin price’s already-steep decline.” The reason for this is that because network difficulty adjusts at set intervals rather than in real time, a hash rate drop will reduce the number of found blocks until the beginning of the next difficulty adjustment.

As the report explained:

“In the six-day period ending 3rd December, 21.8% fewer blocks than the expected 144 per day were found, as miners left the network before the difficulty adjusted, and as a result, fewer blocks were found. Therefore in the short term, there was a 21.8% fall in mining incentives on top of the impact of the declining price.”

At this point, BitMEX Research estimates that almost all cryptocurrency miners — regardless of scale and overhead — are operating at a loss, though some may have hedged profits or at least trimmed losses by shorting the bitcoin price throughout the year.

Not a ‘Death Spiral’

According to some analysts, this likely means that Bitcoin has entered the outer ring of a “death spiral,” wherein it endures a vicious cycle of miners turning off their machines before the difficulty can adjust lower, preventing the network from processing blocks at regular, 10-minute intervals and further prolonging the interval between difficulty adjustments. Thankfully, as Andreas Antonopoulos recently explained, these ominous predictions fail to account for the fact that most miners are heavily invested in the cryptocurrency industry and thus operate with a long-term perspective that recognizes they may have to temporarily mine at a loss in pursuit of greater profits in the future.

“Part of the reason that’s unlikely to happen is that miners have a much more long-term perspective, meaning that they have existing investments in equipment and they usually purchase electricity on long-term plans, they don’t pay it by the week,” he said. “And therefore, if they have to wait to become profitable another three months and they have the equipment in place, they’re not turning it off.” Consequently, the mining industry’s current struggles shouldn’t have any long-term impact on Bitcoin itself, though that doesn’t make things any easier for the individual cryptocurrency mining firms that must navigate this increasingly rocky landscape.

Article Produced By
Bitcoin Analysis

https://www.ccn.com/bitcoin-mining-industry-under-considerable-stress-1-3-million-devices-switched-off/

Deb Williams (hodlthrive)

6 ways to create a highly shared newsroom

6 ways to create a highly shared newsroom

   

Most organizations consider it essential to have dynamic newsrooms

these days, downplaying press releases in favor of journalism-style content. But how easy is it for others to share what your organization is up to on social media? In an online world that runs at warp speed, are you getting the most out of the people who read your posts or watch your videos? “Social media sharing is the lifeblood of our newsroom content,” says Jake Jacobson, director of public relations at Children’s Mercy Kansas City. “Whether we’re working with media coverage—the ‘In The News’ section—or content we’ve created—'Our Stories’— we rely on our highly active social media channels to spread the word.”

Social media, boosted by a social-friendly newsroom, helps readers share stories with their friends and followers, thereby driving traffic to Shepherd Center, an Atlanta-based brain and spinal cord injury rehabilitation center. “Using social media to boost Shepherd Center’s content allows us to cost-effectively reach a much broader audience than if we just hosted content on our website,” says Kerry Ludlam, associate director of public relations at the center. Here are some ways your newsroom can encourage such sharing:

1. Make it easy to quote and share.

Most organizations’ websites include buttons that make it easy to “like” and share their content on Twitter, Facebook, LinkedIn and other platforms. Take it a step further, making it easy for readers to share quotes from your stories, and you’ll gain an advantage over most websites—and even mainstream news sites. Shepherd Center frequently writes about successes, such as a former patient who speaks at high schools about making safe and smart decisions around cars.

A reader impressed or moved by a quote—say, “The doctor who treated Andrew while he was in a coma … said his prognosis ranged from ‘Andrew 100 percent’ to ‘he never wakes up’”—can simply highlight it and tweet it or share it on LinkedIn (a function PressPage enables).

2. Offer expertise your audience is looking for.

Recently Children’s Mercy featured its Parent Support Program coordinators in its intensive care nursery in a story that suggested 10 things you can do to help “when a friend’s baby is in the Neonatal Intensive Care Unit.” The article was targeted toward the consumer audience, but the writer’s daughter spent time in Children’s Mercy NICU, “so she’s able to appreciate and empathize with the parents’ perspectives as well as the caregivers,” Jacobson says.

News media coverage turned this into one of Children’s Mercy’s more popular posts on Facebook that month, with nearly 300 likes and more than 140 shares. By reaching 23,000 people and sparking 4,300 engagements—all organic, no paid support—more than half of the nearly 3,000 visits to the hospital’s newsroom were driven from Facebook. The success of this post “reinforced that when we’re talking to the right audience—in this case, our moms—with helpful content and knowledgeable experts they can relate to, the best way to get them engaged with the story is through social media,” Jacobson says.

3. Unleash your employees.

SAS , a North Carolina-based software analytics company, recently encouraged its social media team to use the organization’s employee base to drive share of voice by recommending certain content on social media, says Kirsten Hamstra, senior global social media manager. SAS rallied its 14,300-strong workforce, including 600 employee advocates who are trained on social media. The organization suggested hashtags to promote the company’s expertise in AI and machine learning, setting a challenge of increasing share of voice 20 percent.

“We performed extremely well, reaching the challenge,” Hamstra says.

Many hospitals use this approach. OhioHealth tells how its emergency clinical resource team runs practice drills in case of mass casualty events. Cook Children's Health Care System in Fort Worth, Texas, recalls a teen who leaves a mark on nurses who cared for her through cancer journey. "If you walk into a room and see a 6-month-old child, and it doesn't make you beam, you shouldn't go into pediatrics," one physician says.

4. Maximize your supporters.

Few people—inside your organization or out—will spout talking points from your mission statement. They will share something that relates to their own lives. “A key thing with this is that people generally want their messaging to be ‘all about them,’ not ‘all about you,’” says content marketer Lin Grensing-Pophal, adding, “If they see the benefit to them or their organization, they're more likely to share.” Shepherd Center’s pre-Thanksgiving tweet promoting a podcast expressing gratitude for caregivers drew shares and likes recently:

5. Spin a yarn.

Few people are going to share that talking point you crafted, but they will remember a story of selflessness that subtly underscores your mission. “You’re more likely to remember it and retell it as a consumer and an audience member if you hear it as a story than if you hear it as an announcement or a press release or a tag line,” says Jacobson. Take, for example, the story of a Children’s Mercy nurse who donated a

kidney to a friend:

Christa Jordan had several reasons not to donate a kidney a few months ago.She had just gotten married, and her husband was about to start graduate school. And her brother might need a kidney some day.But the Children’s Mercy Hospital nurse had one very good reason to donate: a patient who also happened to be her friend needed a kidney, and she had one to give.

6. Provide quality content.

You can tweak your site all you like, but if you can’t offer interesting content, don’t expect even your most loyal followers to wrap a LinkedIn post around it. On the other hand, quality content boosts your reputation. Says Pophal, “You become known as an expert or go-to resource in a particular area, which will lead to new business, clients and customers.” Building a great newsroom for your brand stories shouldn’t be complicated. PressPage is an online newsroom software that makes building and running your newsroom a quick and painless process, so you can focus on telling the stories that matter to you.

Article Produced By
Russell Working

 

Russell Working is a staff writer for Ragan Communications. A former reporter for the Chicago Tribune, he has also freelanced for The New York Times,The Atlantic Monthly, Columbia Journalism Review, The Boston Globe, the Los Angeles Times, the South China Morning Post, The Japan Times, and many other publications worldwide. Before moving to the Chicago area in 2003, he was based in the Russian Far East and Cyprus for six years. He has reported from throughout the former Soviet Union, China, Japan, South Korea, Mongolia, the Philippines, Turkey, Greece, the Middle East, and aboard the USS Theodore Roosevelt. He holds an MFA in creative writing from Vermont College of Fine Arts, where he has also taught as a visiting faculty member.

https://www.prdaily.com/Main/Articles/89802d51-d7fa-4077-aa52-d35f11540372.aspx

Deb Williams (hodlthrive)

Cryptocurrency Used by Nearly 40 of FreelancersLightning Network Growing Despite Crypto Winter’ Up 300 This Month

Cryptocurrency Used by Nearly 40% of Freelancers

A survey of 1100 freelancers recently conducted by Humans.net,

found that cryptocurrency is becoming extremely popular among the self-employed. According to the study, 38% of the 1100 people surveyed said that they have used cryptocurrency before, while 41% had never used the technology, and only 24% had never heard of it. For many freelancers, cryptocurrency is appealing because there are no intermediaries for payments, even for international transactions, which are typically slow and costly.

Some of the advantages that freelancers found in crypto were illustrated  below

Freelancers are also drawn to the technology because it allows them to deal with clients who they may not know or trust. Humans.net also found that 29% of freelancers would actually prefer to be paid in crypto than through the legacy banking system. 11% of those surveyed said that they would like to receive a portion of their income in cryptocurrency, while 18% said that would prefer to receive their entire income through crypto. Earlier this month, Humans.net announced that they will be using blockchain technology for their freelancing platform. Founder and CEO of Humans.net, Vlad Dobrynin,

told Coinpedia that:

"We are using an advanced AI to drive the search process on the platform which will radically alter how we connect online with peers and businesses. People will get swift and accurate search results irrespective of geographical location. By leveraging decentralized networks, power is given back to users ensuring no one can use their data without their permission. In today’s world of data driven economies, this is a radical but far-reaching step."

Article Produced By
John Vibes

John Vibes is an author and activist who has been writing for various online publications since 2012. In his research of central banking and the financial system, John discovered cryptocurrency, and has since taken a special interest in the technology. In addition to his writing and activism, John also hosts a number of large events and helps first time authors publish their own books.

https://www.cryptoglobe.com/latest/2018/12/lightning-network-growing-despite-crypto-winter-up-a-whopping-300-this-month/

                                                —————————————————————-

Lightning Network Growing Despite ‘Crypto Winter’, Up 300% This Month

Bitcoin’s second-layer settlement solution, the so-called Lightening Network,

is growing by leaps and bounds, even as the preeminent cryptocurrency sinks in value versus fiat currencies to new yearly lows. The Network has grown in the last 30 days across all metrics: in terms of the amount of nodes, channels, and bitcoin living on the network, according to the 1ML statistics website dedicated to tracking the network.

The amount of bitcoin stored on the network is of particular note, growing a whopping 300%+ in just one month. Nearly $1.6 million worth of bitcoin, in current valuation, is now stored in Lightning channels. The number of channels is up over 40% versus last month, to 13,000; and the number of nodes is up 9.5%, to about 4,400 nodes. Longhash reports that the amount of Lightning channels has increased sixteen times since the start of 2018. Users store bitcoin in Lightning Network payment channels, in order to have it ready to conduct peer-to-peer transactions off-chain. Once the channel is closed, the transactions are then settled on-chain – on the Bitcoin blockchain.

All About Lightning

The news comes as a ray of sunny good news for those still watching the cryptoasset industry and its developments – except, of course, if one is in the camp that opposes off-chain solutions for Bitcoin’s scaling problems. The question of how to scale the Bitcoin network – on-chain or off-chain – is a long standing bone of contention that mostly prompted last year’s fork of Bitcoin to Bitcoin Cash. The issue prompted one of Bitcoin’s earliest developers, Mike Hearn, to quit his role in development and completely leave the space a couple of years ago. Opponents of the Lightning solution argue that all transactions should be stored on the blockchain, with their prefered solution being to increase the file size of blocks.

It is important to note that not only bitcoin can be sent using the Lightning Network. Other blockchains can transact on the Network if they support its protocol. The Lightning Network also has a mobile solution called Neutrino in development, which is operational at an alpha stage.

Article Produced By
Colin Muller

Colin studied history and political economy at some pretty good universities. He also did other things. He thinks changing the nature of money will change the nature of humanity. 

https://www.cryptoglobe.com/latest/2018/12/lightning-network-growing-despite-crypto-winter-up-a-whopping-300-this-month/

Deb Williams (hodlthrive)

Entrepreneur Associate Leads Report

Leads are not only important…

They are the lifeblood of your business

Bitter.io campaign report (December 8, 2018)

Deb Williams is a Markethive subscriber, Entrepreneur upgrade and Markethive staff writer as well as my Marketing Manager. Now aint that a mouth full. This is her report. I will editorialize at the end:


The popular advertising site, Bitter.io is proving to be very lucrative. A simple system that attracts cryptocurrency, ICO and blockchain enthusiasts on a global level. The users on this platform are very crypto-conscious and are looking for opportunities in the industry. They are also advertisers and marketers requiring a system such as Markethive.

I recently started a campaign spending only $10 worth of Bitcoin, which gives a total of 10,000 clicks. Generally, these campaigns run for around 3 days, or until all 10,000 hits have been executed. Although results can vary, this particular campaign resulted in 25 signups intoMarkethive over the 3 day period.

So $10 worth of bitcoin produced 25 new Markethive associates which equate to $0.40c a lead! That is very inexpensive considering the information I was able to capture. I now have their email, phone number and Social Media account they clicked on to sign up.

Additionally, they have subscribed to the Markethive autoresponder email system and receiving emails daily for the next 30 days. As we move forward with the system updates and launch of the Airdrops and micropayments, the email broadcasting feature is a great way to nurture the relationship.

As Bitter.io focuses on cryptocurrency, I used the Airdrop capture page with the short video explaining the marketing tools. The text I used addressed being the first Market Network on Blockchain, as follows;

The 1st Market Network On Blockchain! – Get Paid to Engage PLUS GET 500 COINS FREE with our INFINITY AIRDROPS just for Subscribing – Join FREE – STAY Free

Given the current trend and news of ICO's also airdrops and the impact it has had on the crypto community at large, I believe was the reason this campaign was a success. Furthermore, the changes taking place along with the privacy and data issues of Social Media are escalating and people are looking for other options.


Here is how I see this. The Markethive system was designed to create these results. After all, we are giving away a system very similar to what an Inbound Marketing company called Marketo (sold for over $2000 per month) away for free. Plus we are also offering our first Airdrop of 500 coins just to sign up into Markethive for free. A pretty attractive offer, yes?

With the Entrepreneur upgrade program, we also match those 500 coin drops to your account. In other words, When someone signs up through your account, AND, you are upgraded to the Entrepreneur program, we also give you 500 coins.

Deb has shown some data that I can use to illustrate the lucrative nature of what we have delivered to you. She put 25 people into Markethive, in 3 days, for $10.

Now the assumptions. Assuming we average 25 people per $10 campaign and run a $10 campaign 10 times per month (One month divided by 25 people per 3 days for $10) So that cost $100 per month. Spread that out to one year (12 months) and the cost is $1200 for 3,000 subscribers 

In one year we can speculate Markethive coin running at a nickel per coin? I mean Steemit's coin is at $35 as of this writing and the entire crypto coin market is way way waaayyy down. So .05 per coin is reasonable to make this example. Are we good with that? Because at one nickel per coin times your 500 coins you get for signing up into Markethive and the 3000 subscribers that you brought through you while upgraded to Entrepreneur, 3000 x 500 + 500= 1,500,500 (One Million Five Hundred Thousand and Five Hundred) coins x .05 (nickel) = $75,025 return. Not too bad. Now you see why Deb is so excited she is screaming day and night. Well not really, but she should be.

You also have to take into consideration the Entrepreneur program costs $100 per month as well, that being an additional $1200 at the end of the year. But the Entrepreneur program is generous, and also pays you back more than you pay in. Literally! It returns a 10% of an ILP. If you know what an ILP is, well more excitement.

Do you want to know how to do this? It is pretty simple. And we show you how to live, every weekend. Check the calendar. Oh and the site we are using for leads is @ http://bitter.io 


Thomas Prendergast
CEO
Markethive

 

 

 

Deb Williams (hodlthrive)

What in heck is a Markethive ILP?

 

It is important you understand the nature and differences of an ICO and Markethive’s ILP. The ILP is being used to drive our pre-launch and full launch crowdfunding and is far superior, more profitable and stable than the ICO being used today.

What is an ICO? It is similar to an initial stock offering but applies to the virtual digital sphere of online business often integrated with the new phenomena called the “blockchain” . ICO stands for “Initial Coin Offering” and sells the future value of their crypto coin as a token. The promise of the ICO is totally speculation that in the near future the token will be open to trade in the “exchanges” and the value will grow, thus appealing to the investor, but alerting the authorities because of the nature of such an investment is often scurrilous. Case in point, over 90% of the ICOS launched in 2017 – 2018 have never produced anything at all, and the unknown anonymise founders of these ICOs, raising literally millions even billions of $s worth of Bitcoin and Ethereum, just run off into obscurity to later be known as “whales” selling their ill begotten coins on the exchanges, causing huge market shifts, further damaging the small guy and gal who buy these coins legitimately investing in the future.

ICOs have become dark and looked down upon by governments, institutions and the average person. There is a far better option!

The ILP defined: The solution is offering a share of the company revenue via an assumable note. This means you are not buying tokens, nor engaging in speculation. What it means is you are lending Markethive money and in return, you receive a debt note. The agreement is you will receive 1 share of about 1000 shares may be a few more, or a few less, paid from 20% of Markethive's revenue for a period of 20 years. The note is assumable, transferable and renewable. In 20 years you will have the option to renew it with a small administration fee.

The ILP is not exclusive to Markethive, another blockchain enterprise, not related to Markethive headquartered in Estonia called BlockHive coined the term and have built a turnkey solution for new blockchains to utilize the ILP via their service.

Unlike buying an ICOs token and hoping (speculating) the coin gains value, the ILP is based upon the company’s performance and viable services. Services that are competitive and purposed to produce revenue. This is exactly what sets Markethive apart from 99% of today's ICOs. Not only are we planning to have viable services and subscriptions, we already do with our Entrepreneur upgrade (more about that later)

The following video will help you to understand the ILP and why it is poised to become the standard used by viable Blockchain Crowd Funding offerings.

Also check the calendar for our many live meetings, some of which we go into ILP details and open up for your questions. To be informed is very important in today’s world of scams, ponzis, and deceptions.

Thomas Prendergast
CEO
Markethive

Deb Williams (hodlthrive)

Markethive’s Entrepreneur Alpha and BOD news

Entrepreneur, Alpha and BOD news

I get feedback from many of our older subscribers that indicate a certain level of limited activity. This email hopefully will address some questions and some concerns for you old timers and Veretekk legacy members.

  1. Logging in. Many of you have not logged in in years, some many months. Those of you that have depended upon Facebook for logging in, Facebook changed the rules and we had to set up a new API. What that means your current Facebook configuration will not work. You will have to log in with a different social account like LinkedIn, Gmail or Yahoo. If none of this is an option, you will have to depend on the LOST ACCOUNT RETRIEVAL link and follow the instructions.

    Or just set up a new account. As we are revitalizing the new Markethive within the blockchain, old accounts not logged into beyond 6 months will be deleted soon.
     

  2. The Alpha accounts have been converted to ILP shares. ILP shares are the new asset of Markethive and now being in Phase two a full ILP share is selling at $15,000 per share. Your Alpha account(s) represent 10% of that share. Don’t know what this means? You will need to attend our Sunday meetings and ask us to explain our new crowdfunding strategy as we are still in a pre-launch in that regard. Phase one has sold out already with shares listed at $10,000. There are 4 phases of the crowdfunding. Remember we are a new company with Markethive converting to the blockchain for many reasons.
     
  3. The original BOD (Bond of Debt) notes were sold at $4800 via a failed company called Shell Holdings. We have grandfathered them into Markethive ILPs at 50% of a share. Again want to understand the details, come to the meetings. We have been moving forward with this new Markethive blockchain prelaunch since April of this year with 4-10 meetings in this regard per week for over 6 months now. If you are still in the dark, perhaps you should wake up and pay attention. Markethive is your system after all.
     
  4. The Entrepreneur program trumps the other older legacy programs. Primarily because the new Markethive is now a blockchain and with it comes asset coins like Bitcoin. And this allows us to offer coins (of value) as an incentive to join Markethive. This was our primary reason to make this move. But there are other solid reasons as well. Security, privacy, autonomy, and economy. I will explain:

    The Airdrop: Startup Blockchain companies have utilized a relatively new concept called airdrops. In doing so they have exploded awareness and growth. Case in point is a start-up ICO called Omisego. They gave away 5% of their total coin supply and increased subscribers into the millions and drove the value of the coin up over 500%.

    “Airdrops combine the best of paid referral programs with stock options. Potential users get paid for joining or using the network and have the potential upside if the network increases in value.” – Brayton Williams to CoinDesk

    Prior to the Airdrop OMG coin was valued at .50 but increased to peak at $24 per coin. It is now trading steadily at about $3.50. How would you like 500 of these coins? How would you like 5000 of these coins?

    Then there is Paypal who raised awareness by giving away $20 for new accounts and $20 for referring others. It then dwindled to $10 then $5 then tapered off and went away. But not until increasing memberships into the millions and subsequently turned Paypal into a multibillion-dollar company valued at more than $40 billion dollars

    Matching Bonus: Markethive is planning on creating an infinite Airdrop with our first wave of subscribers getting 500 coins for joining and giving you (If you upgrade to Entrepreneur) a matching 500 coins for each referral (called an associate) through your account (the profile page), This being a fundamental new direction of Markethive.

    Customer Acquisition: As Markethive raises millions at least half is going to advertising, press releases and sponsored articles, all designed to drive traffic and new registrations into Markethive. As an upgraded Entrepreneur, and active (actively logged into Markethive) you will receive your share from the new referral registrations (associates)

    Associates Leads control panel: (available to Entrepreneur upgrade) Everyone always wants leads. Everywhere you hear other systems claim they lead nurture. Basically, the majority of lead systems consider spying email and additional spamming as lead nurturing. Not at Markethive. We nurture your “associates” by paying them to learn via our tutorial system (another blockchain advantage), we nurture them by teaching them the power of adding all their social networks into the Markethive > settings > Social Networks so they can increase their own reaches as well as prosper by subscribing to other pertinent Markethive blogs.

    Markethive Profile Associates leads are the best leads in the industry. They are real, email delivery is above 97%, cell numbers are verified, and engagement is virtually 100%. It does not get better than this. We do not like even referring to them as leads. This is why they are called “associates”.

    Banner Program: (available now only through the Entrepreneur upgrade) Banners used to be available to everyone, but it costs credits you either earned via certain actions, or transfers or buying them. We ended that program for several reasons. Firstly because we now have crypto coins and that trumps ad credits. Also, members rarely ran banners. So I have to assume that the old banner program did not work. Getting banner credits for clicking on banners guarantees bad traffic. We don’t do it you should not join systems that do. With that said, to run a 30 day banner in one category on the Warriorforum, which by the way is a great place to do so, will cost you about $4000.00 There Alexa ranking is 11,000 and ours is 55,000 doing the math $4000 x 20% = $800 so you can see our inclusive banner program is a valuable addition to the Entrepreneur upgrade.

    Traffic Portals: The Entrepreneur program is required to be a seller in our traffic portals. The following traffic portals are in production; Markethive.exchange (Entrepreneurs can exchange coins with no exchange fees); Beelancers.com (Only Entrepreneurs can sell on the platform and there are no transactional fees); Bigcaboodle.com (Only Entrepreneurs can receive business via this portal); Aboutbitco.in (Only Entrepreneurs can sell Press Releases and receive income from the sale); Hiveroom.com (Only Entrepreneurs can receive business via this portal) and there will be ongoing more Traffic Portals ad infinity.

    ILP Shares Portal: As Markethive prepares for our official crowdfunding launch each Entrepreneur will have their branded ICO portal to promote the crowdfunding and by doing so, if that Entrepreneur should sell any of the ILPs will get an equal Shadow ILP in the process.
     

  5. Matching ILP Shares: When you upgrade to the Entrepreneur program, we match your monthly payments, when you consecutively make your payment every month for 12 months. In other words, after 12 consecutive monthly payments, you will earn a 10% ILP share which is worth right now $1500. We are basically giving you your money back and way more

The urgency and importance of getting on the weekly events, rallies, and webinars as things are beginning to move and faster at that.  You took the time to register; if you’re not interested just tell us and we will terminate and delete your account. If you are frustrated and cant find your original account, use the LOST ACCOUNT RETRIEVAL and if all else fails, join our Telegram support group for assistance.

And if all that fails, email me, call me just join the conferences. Access is easily found in our calendar and that is clearly listed in our root domain at http://markethive.com

I really hope to see you all there. The show is starting and after all we have been through, do you really want to miss it?

God Bless you and God Bless Markethive

 


Thomas Prendergast
CEO and Founder

 

Douglas Yates
CTO and Founder

Deb Williams (hodlthrive)

The revolution from Deb Williams