Man, this is the best advice for the current PPT situation i think. But at the moment PPT is growing up (2.27$+), it is also a question for what price it has to be sold to gain much profit for those holders, who missed the first wave of growth.

Major mining pool and bitcoin exchange Viabtc has announced the launch of their new mining pool designed for “Bitcoin Cash” (BCC). These tokens are the result of plans to hard fork Bitcoin and run the Bitcoin ABC client.

Viabtc Introduces the Bitcoin Cash Token

Cryptocurrency mining pool and exchange platform Viabtc published their statement concerning the possible upcoming Bitcoin User Activated Hard Fork (UAHF) on Sunday, stating:

        "We decide to make precautions for the upcoming UAHF and provide a new option for users, on the basis of our support of Segwit2x under New York Agreement. We will designate the token “Bitcoin Cash” (BCC) to the possible split coin led by the activation of UAHF."

ViabtcViabtc Launching Bitcoin Cash Token and Mining Pool for Bitcoin ABC is the world’s 8th largest mining pool with ~5% of total hashrate currently. The Shenzhen-based company also offers cloud mining and has its own cryptocurrency exchange which trades bitcoin, ether, litecoin, and zcash. The exchange was launched after the company closed a 20 million CNY Series A funding round in March led by Bitmain, operator of the world’s largest bitcoin mining pool Antpool.

Read more
https://news.bitcoin.com/viabtc-launching-bitcoin-cash-token-mining-pool-bitcoin-abc/

Ok Guys, bounty campaign has been started. Only 9 hours left to make you decision about participating in this innovative wallet project. I hope the team will collect all 264,000 ETH for financing works.

That is the problem that have to be solved. In my region site works well, but there is an unnecessary ICO day counter on the main page, some problems with page layout, etc. Considering that Humanique team now has a lot of money, it`s wonder why they cannot solve this. Web Site is a wrap for company and investor`s expactations.

What is happening with the price, why is Wings tokens so cheap? I remember that there were news, that wings platform must be started in a month. Bancor forecasting was a first project which was started on the Wings platform? So, must be price pump...

You are very brave man. The only asset that holds tight on todays market is bitcoin or fiat money. I was away, and it was surprise for me to know that the current price for ptoy is only 0.00004900. Too chip. I hope developers will do something new with platform, and do fast.

If one have some excudo tokens in the excudo cabinet, from twitter of facebook campaign. Is it possible now to withdraw it to myetherwallet or elsewhere? I heard that the current price is 1000 excudo for a chocolate bar, because of mults, is it true?

As i understand bounty was not paid even to the waves wallets. Etherium withdrawal gatewey still under construction? When is it expected PBT appearence on exchanges ?

https://www.youtube.com/watch?v=34Z-DHP2c5k

Mike B выпустил видео, где рассказывает о будущем потенциале популуса, что платформа выйдет в сентябре и это абсолютное безумие продавать токены по текущей цене. Видео я так понял снималось когда токен был по 7$. Этот самый Майк еще месяц назад снимал видос где пиарил популус, что он в него очень верит. Сейчас он говорит, что огромный потенциал инвойсов сам по себе заставит людей покупать токены, так как их количество ограничено.

Вообщем, интересно ваше мнение по этому вопросу, насколько авторитетно мнение Майка.

How authoritative is the opinion of Mike relatively to Populus? Who is he? Did he make a lot of profit on cryptocurrencies?

On the 8th November 2016, the Indian government announced its demonetization plans that would see 86% of all the cash money in the nation rendered useless. This rather drastic action was taken as a measure to quell illegal activities and attempt to destroy the shadow economy in the country. The Indian government aimed to prevent the use of illicit and counterfeit money to fund activities such as terrorism. India had begun their war on cash.

Although the Indian government were publicising this positively, the disruption it caused was severe. The severity of this policy was largely fuelled by a number of reasons but the sudden nature of the announcement caused a nationwide frenzy followed by cash shortages and a significant disruption to the economy.

With the Indian population now over 1.3 billion people, potentially more than China, such a drastic change hit many hard in the largely cash-based country and led to nationwide disillusionment. As a result, people wanted to find an alternative that they could use and trust to transact, store wealth and evade government intervention.

Why is India Perfect for the Bitcoin Revolution?

It is often a topic of discussion about Bitcoin’s place in the developing world. In the developing world, only 41% of people have bank accounts compared with 89% in the developed world. Within developing nations, cash is king and has been for many years. Most individuals in these nations won’t have experienced the modern forms of banking that the developed world are used to and any change to this would require a gradual introduction of change to ensure an efficient deployment. However, people in developing nations now have a chance to skip the current banking infrastructure we have in place and move straight towards a trustless, decentralised and immutable financial system.

India has announced their aggressive plans to become the first digital society and Bitcoin will play a major part in that.

Indian’s and Banking

Infrastructure

One of the major reasons as to why India is perfect for the Bitcoin revolution is due to their population’s lack of banking infrastructure. India is the 7th largest economy in the world, based on their nominal GDP of $2.5 trillion. However, there are 233 million people in India who do not have a bank account, which is one of the highest figures in the world. To put that in perspective, the population of the UK is 65 million. This means there are 3.5 times more people in India that do not have a bank account then people living in the UK.

Bitcoin has the potential to bridge that gap. In order to get a bank account, a person must have a form of identification and a fixed address, alongside some other information, which for many people in India just isn’t a possibility. As a result of this, these individuals are limited to a cash based system by no fault of their own and thus stifling their economic reach. Bitcoin does not discriminate in the same way. Instead, the unbanked in the world can essentially skip the troublesome financial system today and utilise a transnational cryptocurrency called Bitcoin.

Banking Disillusionment

Another major reason why India is a perfect place for Bitcoin adoption is due to the overall population’s attitude towards their existing financial system. As mentioned at the beginning of this article, India recently went through an aggressive demonetisation period that forced people to deposit their high-value Rupee notes into banks, so that they can be removed from the money supply. This resulted in 86% of the country’s cash to be rendered worthless should people not deposit money into their bank accounts. The problem with this is, as mentioned, a large number of people simply do not have bank accounts and therefore were unable to exchange their currency. Prior to this, India was largely a cash based society with people opting not to use banks due to a lack of trust, infrastructure and also to keep their wealth away from the prying eyes of the government.

The demonetisation in India resulted in the country experiencing a Bitcoin boom. New startups were being formed and a large premium was placed on the price of Bitcoin as the demand was so high. At times this premium reached $300 a coin and is symbolic of the emotions felt by the Indian population towards demonetisation and India’s war on cash, as people were now waking up to a new type of system away from government and bank control.

Digital India

On the 2nd July 2015, Indian President, Narendra Modi, announced his digital reformation plan called Digital India. This campaigned aims to make the Government’s services available electronically, improve the digital infrastructure in India and increase the internet connectivity in the country. This digital aim to empower technology in India has also aided in the positive outlook on Bitcoin on a governmental level as well.

For a number of months now, it has been widely speculated that India is about to legitimise Bitcoin in a similar method to Japan. The meteoric rise of Bitcoin in India has not gone unnoticed by the Government and more specifically India’s finance minister, Arun Jaitley. According to local reports, Jaitley had attended and inter-ministerial meeting in order to discuss the risks involved with cryptocurrencies. The meeting was attended by some key figures from the Indian parliament in which the risks associated with Bitcoin were discussed. Following this, Jaitley made an official statement highlighting an in-depth report on Bitcoin will be released in July and will outline the vision of Bitcoin moving forward.

Bitcoin legitimisation in India could be just months away, despite the Government highlighting risks associated with Bitcoin which seem to be focused on companies as opposed to the technology itself. The precedent has been set by Japan and India look likely to follow.

https://www.cryptocoinsnews.com/why-india-is-perfect-for-the-bitcoin-revolution/

A massive sell off of Bitcoin and other cryptocurrencies has resulted in the total market cap of the cryptocurrency market dropping to below $66 billion. The decrease marks a 43% decline from this year’s record-setting high of $116 billion back in late May.


Market Thrown into a Tailspin

With the market cap in a nosedive and Bitcoin prices seeming to drop almost daily, the past two weeks have been a stomach churning roller coaster ride for investors. In the past week especially, fear, doubt, and uncertainty have reigned supreme.

While it is next to impossible to correctly predict any market, let alone the cryptocurrency market, there are a handful of significant events that have happened and that are going to happen that can be pointed to as catalysts for Bitcoin’s plummeting value.

A Tale of Two Blockchains

For more than two years, a battle has been fought on the battlegrounds of social media, conference rooms, and cryptocurrency forums to decide the best way to scale Bitcoin in order to avoid inflated transaction fees and unacceptably long transaction times. While several solutions have been proposed, Segwit2x has emerged the front runner, with close to 90% of mining pools indicating their intent to support the scaling protocol.

Two dates related to the implementation of Segwit2x are looming and causing investors to sit on the edge of their seats in nervous anticipation of what is to come:

July 21, 2017 – This is the day on which miners, instead just showing the intent to support Segwit2x, should actively begin supporting the protocol.

August 1, 2017 – This is the day that has many investors and exchanges sweating bullets. UASF will be implemented by its supports and will begin to check to see if subsequent bitcoin transactions are in compliance with Segwit2x. A minimum threshold of 80% of the network’s hashing power is required in order for Segwit2x to activate. Should the threshold fail to be met, a blockchain split seems likely.

Read more
http://bitcoinist.com/bitcoin-price-drops-below-2000-first-time-since-may/

Bitcoin mining has grown into a vast economy over the past few years as large ASIC-powered mining farms process transactions for the $32 billion dollar market. In the early days, people could mine bitcoins using their central processing units (CPU) and they still can, but the undertaking is extremely inefficient. However, a few people still mess around mining bitcoins using older computers and retro devices merely for the fun of it and for experimentation purposes.

Bitcoin Mining With Classic Computers and Retro Gaming Consoles

The bitcoin mining ecosystem is a competitive environment of pools processing transactions while simultaneously securing the network. Miners run special software and use application-specific integrated circuitry (ASIC) to mine bitcoins these days, using chips far more efficient than your standard CPU. Currently, older computers can mine bitcoins at a prolonged rate, but it’s still pretty cool to see if a classic system can perform the task of bitcoin mining.

One bitcoin enthusiast has done just that a few times with older computers. Ken Shirriff is well-known in the bitcoin community for his work on getting the bitcoin symbol added to Unicode. Shirriff also has a popular blog where writes about his projects and how he has mined bitcoins using classic devices from the past. Just recently Shirriff has been working on a Xerox Alto restoration and managed to get the seventies built computer to mine bitcoins at 1.5 hashes/second. The Xerox Alto is a well-known computer classic that was the first device to support a graphical user interface (GUI) in 1973.

“I’ve been restoring a Xerox Alto minicomputer from the 1970s and figured it would be interesting to see if it could mine bitcoins,” explains Shirriff.

        "I coded up the necessary hash algorithm in BCPL (the old programming language used by the Alto) and found that although the mining algorithm ran, the Alto was so slow that it would take many times the lifetime of the universe to successfully mine bitcoins."

The computer’s 1.5 blocks per second is significantly slower than the chips used today. Shirriff details the Xerox Alto’s speed would take “5000 times the age of the universe” to mine one block. For demonstration purposes, Shirriff used the input of a successfully mined block to see if the algorithm succeeded. Shirriff’s code is available on Github for those who would like to try out Xerox Alto mining.     

Read more
https://news.bitcoin.com/mining-bitcoin-old-computers-retro-gaming-consoles/

Bitcoin miners at large have missed the first BIP 148 “deadline” to prevent a “split” in Bitcoin’s blockchain.

As Bitcoin’s scaling dispute appears to be heading for a climax, the next couple of weeks could prove pivotal. One scaling solution in particular, Bitcoin Improvement Proposal 148 (“BIP 148”), is scheduled to trigger activation of Segregated Witness (SegWit) on August 1, 00:00 UTC. As a User Activated Soft Fork (UASF), all users that run a BIP 148 node will then start rejecting any and all blocks that do not signal support for SegWit by the “deadline” — or, perhaps more accurately, “ultimatum” — set by BIP 148 users.

BIP 148 and SegWit are backward-compatible protocol upgrades, which means that non-upgraded nodes will still accept SegWit-signaling and SegWit-utilizing blocks. Therefore, if a majority of hash power in one way or another adopts SegWit before August 1, all current Bitcoin nodes would follow the same blockchain.

However, if only a minority of miners activates SegWit through BIP 148, Bitcoin’s blockchain and currency would “split” in two. This would result in two types of “Bitcoin”: one that activated BIP 148 and one that did not, while even more types of “Bitcoin” could emerge as a result. A split between BIP148-nodes and non-BIP148 nodes would last at least until a majority of hash power joins the BIP 148 chain, or until the BIP 148 chain is abandoned by all users and miners for good.

Miners essentially have three options to avoid such a split. This first option was to lock in SegWit before August 1 through the activation mechanism proposed by Bitcoin Core and implemented in many nodes on the network. This required 95 percent of hash power to signal support for the upgrade within a two-week difficulty period. Specifically, such a difficulty period consists of 2,016 of these sequential blocks, which means that a minimum of 1,916 blocks must signal support. Or, in other words, if more than 100 blocks — at least 101 of them — do not signal support for SegWit within a single difficulty period that ends before August 1, this BIP 148 deadline is missed.

Ignoring extreme statistical deviations or other unexpected events, the final difficulty period to end before August 1 started on Friday (UTC). And out of the first day and a half worth of blocks within this difficulty period, only about half of them signaled support for Segregated Witness. This means that the threshold of 101 blocks not signaling support has now been reached.

With two more BIP 148 deadlines ahead, the first one was probably also the most likely to be missed. Its threshold was the hardest of the three to achieve as it required the highest level of hash rate to succeed. Additionally, a large majority of miners (by hash power) indicates that they will activate SegWit through BIP 91 instead. This is the next BIP 148 deadline.

This next deadline will be on July 29. This is the last day that BIP 91 can activate in time to be compatible with BIP 148. In order to do so, 80 percent of hash power must have signaled support for SegWit2x within 2 1/3 days. As such, miners should at the very latest start signaling support for BIP 91 on the 26th of July. Though like the now-missed BIP141 deadline, which is technically not until August 31, the BIP 91 deadline could actually be either missed or met before July 29 as well.

If this next BIP 91 deadline is missed too, miners will have one more chance to avoid a “split.” A majority of hash power would have to activate SegWit through BIP 148 itself by August 1, 00:00 UTC. Alternatively, a majority of hash power could switch to the BIP 148 chain even after August 1 to reunite both chains, but this will likely cause significant disruption on the Bitcoin network(s), and potentially a loss of funds for users not aware of the risks.

Read more

https://bitcoinmagazine.com/articles/bitcoin-miners-miss-first-bip-148-deadline/

The price for Etherium  is quite low now, and most likely will only grow in the future. Considering that investments in Pillar  can be made in ETH, and the etherprice will be the same throughout the sale, this seems a good project for long therm investment.

How much is the price for Pillar tokens on early investing basis? What else bonuses  early investors will get? Thanks.

PBOC Should View Bitcoin as an Equitable Global Remedy, Not a Threat

Banks around the world, particularly in Asia, have, over the years, realized the changing currents in financial technology, and as such many have begun to consult the likes of Ripple Labs in an effort to integrate 21st century solutions into their 19th century models. Asian banks in particular have been on the move, as CCN reported earlier this year.

However, a counselor/executive at one of the largest banks in Asia, the central bank of China or People’s Bank of China, believes that all this movement toward the blockchain, “virtual”/crypto/digital currencies could potentially be dangerous. Sheng Songcheng gave an interview to Yicai Global this month in which he said that Bitcoin is “not money, in essence” and that it could destroy a national economy if it were attempted to be used as a national currency. Most experts agree on the last point, but Songcheng went much further in his demonstration of abject arrogance.

An excerpt reads:

"Bitcoin is a string of code generated through a complex algorithm, and does not have inherent value, Sheng said. Being virtual is the most salient characteristic among virtual monies, and whether bitcoin can serve as a medium of value exchange completely depends on trust in it, he said. Virtual currencies have technical value and are therefore an asset, he said. […] “Project financing based on a volatile virtual money also entails risks.”

The interview nowhere mentions native Chinese cryptocurrency platforms such as NEO, but certainly, the Chinese Ethereum equivalent will be subject to any influence Shengcheng can wield.

Shengcheng also believes that the deflationary nature of Bitcoin and other cryptocurrencies (he didn’t appear to realize that not all cryptocurrencies are deflationary – some are very inflationary) would make it logistically difficult or impossible to implement as a national currency.

Perhaps Sheng’s viewpoint is purely that of a central banker whose role is to control the money supply in a large-scale economy, but making such statements without proper background borders on malicious. For instance, using cryptocurrencies to fund and invest in projects often works out much better for both parties, as experienced traders are able to capitalize on the volatility he decries. He neglects to note that in real terms investing with the Yuan will not be much more “stable” on a global scale – you may, in fact, get more mileage with your currency by using something which can be instantly deposited on the other side of the world without exchequer fees, duties, and the like. The opportunity cost of fiat investments becomes more evident by the day – cryptocurrency investors and traders are on an entirely new level in terms of how quickly they can realize massive profits purely based on technological means.

As a communist, Sheng should appreciate the global nature of cryptocurrencies, which enable people and states anywhere to access the global economy without permission. It would seem to mesh well with certain parts of his philosophy that enabling instant access to better means of production, more affordable resources, and so forth, is a by-product of cryptocurrency innovation and development.

The world order of the future very much depends on the central banks of today and how they respond to disruptive financial technology, and central bankers from China to the United States to Russia still seem to be planning to fail by failing to plan, instead wielding their considerable influence to denigrate and discredit – a telling tactic indeed.


Read more
https://www.cryptocoinsnews.com/pboc-view-bitcoincryptocurrencies-equitable-global-remedy-not-threat/

The Central Bank of Russia has been asked to follow Japan’s example on legalizing bitcoin by a prominent Russian politician.

Russian Central Bank Learns About the Japanese Model

Boris Titov is a Russian politician and the Presidential Commissioner for Entrepreneurs’ Rights. In a letter to the head of the Russian Central Bank Elvira Nabiullina, he proposed that the bank follows the Japanese model in regulating digital currencies like bitcoin and ether, reported the Russian business daily Vedomosti on Friday.

Titov pointed out that Japan has recognized digital currency as a means of payment, not as money. He then outlined three outcomes of the Japanese regulations applicable to Russia.

Firstly, cryptocurrency exchanges are now regulated in Japan. They are required to register with the government as well as implement strict anti-money laundering (AML) and know your customer (KYC) measures. For example, they must regularly monitor and report any suspicious activities to the authorities, Titov explained.

Secondly, he noted that the regulations are imposed on the management of assets, and the exchanges are subject to regular audit by the financial authorities. This is to protect cryptocurrency-using customers. “Japan has also introduced procedures for dealing with claims,” he added.

Thirdly, he conveyed that Japan has removed VAT on purchases and sales of digital currency but not VAT on purchases. However, he noted that the Japanese National Tax Agency has not yet clarified how to deal with income tax or corporate tax levied on digital currency transactions.

Read more
https://news.bitcoin.com/russian-politician-central-bank-japan-legalize-bitcoin/

I`d rather to wait Etherium withdrawal gateway fixing for a few weeks, than spending time and creating waves adress. In any case, selling primalbase tokens at the nearest future price would be bad decision.

Hi, i finally got my bounty reward for signature campaign. It was a great pleasure to advert so promising project. Hope the price will go to the moon very soon.