I visited their site https://www.tendermint.com and one that caught my attention is this: "Lightning Fast: Tendermint supports thousands of transaction per second at 1000ms latencies." I am not wondering anymore why you guys decided in favor of Tendermint instead of the popular and usual Ethereum platform. This can be a good partnership that can benefit all of us. By the way, I also love to pronounce the name Tendermint...sounds easy but unique. Good choice.

Anything is possible but mostly not all of our wishes can come true. Sure, Bitcoin can be that major force which is independent from the control and influence of the government but Bitcoin (being made by man) has not yet reached the level where it can be serving millions of people at the fast and efficient speed...there are still so many things that must be done about though it is slow in making changes partly because it is decentralized. There is no need to be overly optimistic about Bitcoin because it is evolving right now albeit not in a speed which can be classified as revolutionary.

It is a common knowledge that as far as criminals are concerned they are still using the fiat money in majority of the transactions but of course since there are also those who are already into new innovations the name of Bitcoin is just dragged on especially by the mainstream media which have not yet fully grasp what cryptocurrency is all about. some people wanted to strictly regulate Bitcoin because some criminals are using it but what about the fiat money? It is not actually so fair to say the least.

It is destined to be a big failure that am sure. They are issuing the digital version of their fiat money...so where is the excitement with that? It is more of the same thing. And since it is under the control of the government, then it is just another tool which the government can use to further their own agenda. So boring! But am glad that there is a country that can boldly launch their own own national cryptocurrency so that we can see if things can be good or just a ho-hum experiment.

Bitcoin is meant to be the digital version of the physical gold though there are differences in their traits specifically on the issue of volatility as the real gold is more stable that is why it eared the enduring title as the safe haven especially in times of distress and crisis. Right now, Bitcoin is proud to be the official disruptor of the real physical gold as more and more investors are focusing their eyes and resources for the king of the cryptos. Well, no one can blame them as investing in Bitcoin can mean more returns and who would say no to bigger profits, anyway?

Well, this is the problem when there is no clear-cut law specifically made to cover cryptocurrency. Due to lack of legal definition and parameters in which to work on, one can be subject to law violations because the person has his own opinion based on what he thinks and not what can be established by the government. I am hoping that the man can be vindicated later due to lack of jurisprudence on the matter. He should get a better lawyer that can represent him in the case.

Generally speaking, taxes can be levied on people who are converting their Bitcoin to fiat money or physical cash and then maybe their can be some sales tax if you are using Bitcoin to buy something either online or offline. It is just natural that each country and location will have different types of tax and amount or rates can very much vary from place to place. We really have no choice but to pay the tax which is imposed by the government as the sovereign power is exercised by the government

I am sure that CME has already taken into consideration on the possibility that SEC may say no to its application and am sure that CME has a clout in SEC so there is a higher probability that it can get approved if not this year then at least in 2018. In fact, they are saying that futures can mean that soon we might have approved ETFs also in the market. This can definitely push the Bitcoin agenda further into the sky but we have to brace for more volatility (can be good but can also be bad depending on how we look at it).

No matter how we may want to change how it is to be called, the fact is that talking to someone who does not have any inkling on Bitcoin can be akin to talking to a rock. So what should we do..? Don't give someone a sum of Bitcoin instead convert it into the dollar equivalent unless of course your date happens to be another Bitcoin enthusiast then you can both be talking on the same table. Don't say you have 1 Bitcoin...say that you have $7,000 and you are willing to give it all to her...right?

There is no question that Bitcoin is poised to grow for more as years would be passing though based on its history there would be some crashes too but one thing is sure is that Bitcoin has the resiliency not found in other currency or asset. It can crashed but it can also recover so in case there would be one you just have to wait for it to do its work.

However, it does not mean that we have to lost our mind over it...we have to use correct judgement in investing money or hard-earned assets into Bitcoin and always remember to also diversify your holdings when it is already appropriate to do so. Now,in case you still love to splurge on Bitcoin then since it is your money do whatever that can please you...who knows it would turn out to be one of the best decisions in your life.

Banks these days are strictly implementing the guidelines set under the KYC/AML law and they have no choice but to do it otherwise they can be in trouble with government regulators. I am suggesting that maybe if you guys don't need the usual bank services then opening a bank account under the cooperative can be better as they tend not to be too strict with a lot of questioning but you still have to submit the required documents.

We have to live under the bank regulators otherwise we could be denied of their services. We already know why banks are getting stricter and the reasons why the government has to make sure that the possibility of money laundering using banks can be lessen. On our part, we have to make sure that we are following all the things they ask us to produce and make sure to answer the required questions plainly.

Adoption can happen easily if things can be easier not just for developers but also for the intended consumers...things should not be complicated otherwise we can literally be telling people to just go away. Plus there should always be incentives for adopting such a program as we know that human nature is always based on what the person can get as benefits. Now, am sure that OpenMoney team is always looking at these factors and ideas and soon we can see how they would incorporate all positive traits into just one ecosystem.

Scams can be unavoidable ever since the internet came into being because this is the best medium to spread the virus of victimizing innocent victims. These scammers can be the big ground why some governments are really intervening so that they can lessen the problem and supposedly to shield people from being victimized. We have to be careful in joining ICOs as the platform is very easy to use for purpose of scamming.

While reading the above, I just realized that this Scaffold can open up so many ways we can make money out of our ideas with the OPEN Token as the key to get into the OPEN ecosystem. Like, for example, would it be possible that we can then integrate people who are selling information or e-guides? That dating app is essentially more on information and connecting people...the same idea can be done with e-Books. We all know that the information (including the self-help category) are still selling by the millions (and maybe billions) a year. Companies like Clickbank and WarriorPlus are taking advantage of this market. And if we can provide a way for these sellers to come to the OPEN platform they would be interested because I think the other platforms are not yet accepting cryptocurrency as mode of payment.

Bitcoin, though about to celebrate its first decade of existence next year 2018, by all comparison especially with the fiat money, is still considered a relatively very young form of currency or a store of value (you can take a pick or get the two) and we are now witnessing its own evolution and dynamism.

We have been told of the many risks that Bitcoin can be facing today and then into its future. But what is the biggest risk that Bitcoin is currently facing? Aside from government intervention (just like what China did in September), one of the other big risks is the governance within Bitcoin.

There is no question that regulatory risk is obviously visible on many countries where Bitcoin got into. We had witnessed this in China and even South Korea as well as insignificant countries are also closely looking at Bitcoin maybe for clamping down. There are always regulatory risk involved but I think that governance is the greatest risk to Bitcoin and other decentralized entities. Right now, Bitcoin is governed by exit. There’s a consensus mechanism but when people disagree on consensus, they have three choices: Just suck it up,  get away from Bitcoin or sell or they can get into the open source code and fork it.

People in Bitcoin know what forking is. We are facing here the technical risk and community risk. The Segwit2X debate, which could result in a hard fork this November 18, is highlighting the possible risk involved in the governance by exit.

We are experiencing the so-called Balkanization (fragmentation or division) of Bitcoin is not good for the future of Bitcoin and the whole cryptocurrency community.

I am sure that Samsung is just riding the cryptocurrency bandwagon and wants bigger sales from people who are already into the cryptocurrency thing. Or maybe it can really be use for mining but not for Bitcoin and maybe Samsumg is planning to introduce their own version of cryptocurrency more of a token and anybody can mine them using their phones. Companies right now are looking at many ways to they can exploit the new market provided by the crypto revolution.

I think you are watching too much conspiracy theories movies on your television...am just kidding. Well, actually nothing is impossible in this world. In fact, some are saying that 9/11 was actually created by the USA government to bring about new world order meaning that the government killed its own people in that case. We can go so wild with so many speculations but the thing is that if we go that far then we will not have anything to believe on and sadly nobody can also determine if what we are believing can be the truth or just products of our very creative imagination.

What if...?

I understand that there has been a brewing excitement including within the Bitocin community about this move from CME which is the world's biggest market for derivatives...they are about to introduce Bitcoin future contracts. Now, since it is requiring the approval of SEC first...am wondering how much is the chances for it to be approved considering that SEC had been turning down the past many applications for ETF. Le't see what can happen soon. We are hoping it can be approved but of course we all know that futures for Bitcoin can mean more speculations and volatility for the coin.

Actually, it is more concerned about the proliferation of ICO projects and the possibility (it is actually happening as we speak) that many scam artists can use the same platform to victimize innocent people out of their hard-earned money thinking that they stand to gain something but in the end will do the 'cry the river' theme song. I do agree with the idea though but of course people should be watching that the office is not abused because government people has the tendency to use their power to promote their own interest.

Bitcoin has a built-in mechanism to deal with bubble and this is via mini-bubbles or price corrections which can happen from time to time. In fact, Bitcoin had already crashed before but eventually it survived and flourished again before it made the current surge right now. Therefore, Bitcoin is not an innocent kid on the block who does not know what to do and is confused. No sir, Bitcoin has become a tested and tried coin and soon the market would be growing mature as it has already learned to deflect unnecessary noise especially coming from sectors which it will slowly disrupt.