Most experts agree that the future of money is digital. A solid technology is needed to ensure that the digital transactions are secure. The blockchain technology that powers cryptocurrencies could very well become the standard technology adopted by central banks around the world for creating their respective digital currencies.This kind of future may not be so far away. The Bank of England, for example, is already looking at creating its own cryptocurrency and has even come up with an experimental cryptocurrency framework called RSCoin. Under this system, the Bank of England would continue to issue money but instead of physical notes, it would issue digital money. Like Bitcoin, RSCoin would use the blockchain technology with a public ledger and a cryptographic system to distribute money. The big difference is that RSCoin would not be so easily speculated on because the Bank of England could control its value by regulating how many RSCoins would be in circulation. It’s basically just replacing paper money.So is this the future of cryptocurrencies — that its underlying technology will be co-opted by central banks to issue national cryptocurrencies? Perhaps but who knows. Cryptocurrencies might evolve in ways that we can’t anticipate.Cryptocurrencies and the blockchain technology that powers it are reminiscent of the early days of the Internet with its dotcom bubble. Eventually that bubble did burst and there were many flame-outs. But amongst the dotcom rubble were some real big winners like Google and Facebook which are today indispensable aspects of our daily lives.Will the likes of Bitcoin become like Google and Facebook or will they become more like Yahoo or AOL? It’s impossible to tell but one thing is for sure, cryptocurrencies and the blockchain technology are not fads. They will be an important part of our future. We just don’t know in what form yet.

If you’re aware of the risks and still willing to take the plunge, this is what you need to know about investing in bitcoin: Crypto-Currencies exist in an unregulated, decentralized digital sphere without involvement by (or protection via) a central bank. This is part of bitcoin’s appeal. People or entities can buy and sell Crypto-currency anonymously, and there are fewer middlemen taking a cut of transactions. But it also means you can’t just buy bitcoin via mainstream investing tools like a brokerage account.Beyond that, for most people, the best (i.e. simplest) way to invest in bitcoin starts with setting up a cryptocurrency wallet. Some of the better-known sites where you can do this are Coinbase, Bitstamp & Bitfinex, although there are a number of other platforms out there, as well. Once you establish an account, connect it to your payment source — a bank account or a credit or debit card — via two-factor authentication.Once you have purchased a bitcoin, it stays in your digital wallet until you trade it — either by using it as currency for a purchase, or by selling it (which is technically “trading” it for American dollars or another currency of your choice)...

There are advantages and disadvantages of having a cashless world...The good thing is that there will be less tax evasion given that most tax evasion occurs with cash. That is the main reason why Modi tried to move to less cash society in India. The additional tax revenue will help the economy and fund other government programs that will hopefully help society. Plus, it makes the world more equitable as everyone pays taxes.The bad thing is that there will be less privacy. Now someone may know what you like to buy and when do you buy it. So there will be limited privacy in your consumption.However, let us remember that we have cryptocurrencies that will keep things private. And also, there will always be some sort of cash because electronic systems will fail time to time. So always good to have cold hard cash...

Inflation is the increase in prices of services and commodities. From a different standpoint inflation can be interpreted as decrease in the value of money.
In a cashless society services and commodities are exchanged for other commodities and services(barter system). So any change in the exchange rate of these services can be viewed as increase in value of one commodity or services and decrease in the value of another. So this can be interpreted as inflation with respect to a commodity and deflation with respect to another commodity.Alternatively in a cashless society services and commodities can be exchanged for a common commodity such as gold. In this case gold can be viewed as a currency and any increase in prices relative to gold can be viewed as inflation.

I have been spotting ICOs since the beginning of last year and I was involved in most of the true game changers, like icon, wan, cardano, quantstamp.
Now, here comes GEMS.Like any ICO, ingredients must be the right ones and looks like Gems has it all: idea, team, impact on the blockchain space, technical approach.You will find many reviews out there but in this one i would like to focus solely on the technicalities in the whitepaper to demonstrate what is so great about this project ...
>gems protocol is a blockchain based one to connect requesters and miners (humans)
>some advantages of using the gems protocol: removing the middleman, collective verification, creating reusable interfaces, removing need for banking, fair incentivising miners and requesters
>creating the gems network by allowing creation of micro task miners
>a staking mechanism which ensures verification and validity
>implementing a trust score for measuring the quality and results of both parties
>a platform built on top of the protocol to allow the connection of requesters and miners
>a payment system
These are only a few of the features this project brings, but here are some problems which the aforementioned platform brings
>fees: removing the network fees and finding the equilibrum between payer and payee for the micro task
>participation: removing the need for identification in order to complete a task
>payments: removing the middleman and banking system. Payment is done in Gems tokens
>usability: the ui, ux and modules will be made open source
As a conclusion Gems comes to compete with Mturk and crowdflower bringing agility and fairness.
This is a fantastic project which will change the way workers are incentivised and requesters are able to get the tasks completed.
To participate in this project make sure you follow the telegram channels (https://t.me/gemsorg) and their medium channel as well (https://blog.gems.org).

The easiest way to buy altcoins with fiat currency is through Coinbase. However, with Coinbase you’re limited to only buying and selling Bitcoin, Bitcoin Cash, Ethereum and Litecoin. If you want to buy a wide range of altcoins then you’ll have to purchase them on another exchange like Binance or Bittrex.

There are a couple options for wallets that store multiple alt coins.KeepKey is a hardware wallet that can store about 5 different alt coins in the most secure way possible in the crypto space. KeepKey is integrated with ShapeShift so you can seamlessly trade between the alt coins that are supported.Jaxx is a mobile wallet on both iOS and Android. Jaxx is capable of holding about 6 or 7 alt coins and is seamlessly integrated with ShapeShift for trading between these few cryptos. Jaxx is a great wallet for holding these coins while still maintaining access to them all.A new service is also about to launch called, Prism. This is a service that allows you to use Ethereum to collateralize a digital asset portfolio with the help of Shapeshift. This acts as a sort of online wallet that stores alt coins and it is going to be a huge step forward for the crypto space.Unfortunately, the two wallets I mentioned above only hold about 7–10 currencies between them all so if you want to hold any of the roughly 600 alts, you will need to do some searching for wallets that can hold them. Prism is going to change this.

Bytecoin seems a promising coin. Is the grandfather of Monero, was the first to implement CryptoNight algorithm. I don’t like to be biased answering question on Quora, hence I will let you figure it out by yourself with these points.Bad Things that happened to Bytecoin....
1.Did not have a development face
2.Stood behind on development by a long period of time
3.Even is the oldest is not the most known
4,It has a huge market cap, HUGE 184 Billions. (The reason of such low price)
5.Did not kept pace involving on emerging markets.
6.FUD was spread before because some exchange sites did not receive proper support, hence a couple of coins were lost in the process.
7.The wallet was not good, didn’t sync, and was really complicate.
The things are happening on Bytecoin NOW!
1.There's a team since around 8 months from now working hard to make it work.
2.Is the most private coin you will find completely anonymous
3.A new Beta Wallet for desktop has been released on Feb 6th
4.The Web Wallet is top of the art, you can check at http://bytecoin.money
5.A new API will be released on June .
6.A Hard Fork is expected to make the market cap more competitive later this year.
7.They are working to introduce the digital coin in the markets for daily transactional use, actually some businesses already receive it.
8.Transaction fees are really low.
9.The community is more centralized and active right now.
There are some rumors that the coin will be $7 by the end of the year, but as much as this may be possible, there’s the same amount of possibilities that does not happens. Crypto market is VERY volatile, hence a prediction is really hard to make.

The value of a bitcoin lies in its unique technology to store an immutable record of transactions from the genesis block in 2009 to the end of time immemorial without even the hint of possibility that someone could cook the books or double spend the same unit of currency. It is a tasteless, odorless, borderless, soulless store of value that is accepted around the world.To me, however, just a mere finance professor toiling away for bread crumbs by the flourescent-pure halogen light of his office, the most underappreciated determinant of the value of Bitcoin lies far beyond all that bleeding-edge tech...
Bitcoin comes with a fantastic community that loves, supports, and nurtures it. For some reason, they even passionately argue about whether its data blocks should be 1 MB or 8 MB, to the point that they even call each other names and get into virtual fistfights about it. That's true passion!
What is the power of that community? And why does that bring value to the currency? Well, let us set aside the fact that in this day & age, we really should celebrate all aspects of society that bring us together, instead of cleave us, and let me explain by example.Money 20/20 recently held a payments race where they pitted 5 racers, each with one form of payment method only, to a race across the United States. Against seemingly all odds, do you know who one?Bitcoin.Because of the community that has organically sprung up around a revolutionary technology and its "imaginary" currency created by an anonymous man.That’s power.And THAT is the true value of Bitcoin - the people who love it, the people who fight for it, the people that put their lives and their future on the line to educate, familiarize and proselytize the Bitcoin gospel.So when you ask what determines the value of bitcoins? The best answer is you, dear reader. It is you - the curious, the ostentatious, the visionary firebrand, the sampler, the educator…The bitcoin community attracts some of the best people in the world.

Banks are still extremely oblivious to how powerful Bitcoin (and all other virtual currencies for that matter) is and how it will eventually start to prove their business model as obsolete.Banks fear bitcoin, because they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it...purely because the technology is so powerful and out-does all banks by people preference by far. The only reason bitcoin has not taken over yet, is because of the peoples unawareness of it.

Yes and because of following factors:Majority of trading platform use Bitcoin as the primary coin that enable one to buy any other coin.
Block chain technology enhances its security wih the number of entries it has. Since Bitcoin is the first and mostly traded platfom, it becomes more and more secure as time passes by.It will be dominant up and untill everyone starts trading in crypto currency. If everyone start trading in cryptocurrency just because of preferences and belief system other coins will also be used. Just like how we have various religions in the world even if Christianity is the most prevelant.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.Bitcoin is the trading standard of the industry. Most investors I know don’t look at the USD price of tokens, but look at the BTC price and gauge value that way. It is the universal standard of valuation. It is not a great platform or particularly easy to use.

Yes Absolutely it can boost the economy of a country. However, let’s first clarify that cryptocurrencies are just one application of blockchain technology, which is the real enabler for all the crazy changes that we’ll see in the near future.Let’s only consider the obvious for now, such as eliminating middlemen & their fees in multiple types of transactions (financial, real estate, insurance, supply chain, etc.). Speeding up transaction time securely for a fraction of the cost is in itself a huge productivity boost.Benefits aren’t only monetary though. Consider how blockchain will change society by drastically reducing corruption and fraud. No more voting fraud, no counterfeit money & products, no more cooked accounting books.A lot of bad guys will need to re-train for their next criminal career after losing their jobs. They won’t be happy campers.Only the above is mind-blowing. And those are only 2 benefits. Now imagine the exponential growth in benefits that will be enabled by the above and have yet to be discovered. It hurts my mind to think about it.

There are many things I would consider before starting a business. The following are a must..Number 1 is Viability..The viability of a business is measured by it’s ability to sustain profits over time. Is it just a cash and burn idea? What are the long term goals to make it profitable...Funds..Money can’t buy you happiness but it can surely help you accelerate your business to another level. Without sufficient funds you’ll have to rely on low quality of work, which will ultimately lead to the company’s downfall. So make sure you’ve enough money before burning up..Third is Market.Is there a market for your idea? Are there people who will actually go and buy your product. For example, let’s say you want to sell designer socks, people may like your product but they won’t buy it because socks is often worn with formals. So make sure your passion meets business before you start.Next is Competitors..You might not be the first one with this idea, there maybe a dozen more people who operate with the same model you have in mind. So make sure you do your research before starting. What makes my product better than the ones already available in the market?Is there absolutely no space for me? For example, the search engine market is dominated by Google and it’s almost impossible for a new player to make it’s mark.Last but not the least is Strategy, you need to have multiple action plans for your business. If plan A fails, what next? plan B!Once you’ve sufficient answers to all these questions, you can go ahead and start your venture.

Yes there are banks - they allow you to store Bitcoins online and to do transactions from a mobile device (as it's impossible to do a real mobile BTC client because you need to carry the whole transaction chain in your pocket...), or change your bitcoins into other currencies. They're not called banks due to regulatory issues, in fact they'll probably go out of their way to claim they're NOT banks, but in practical terms they are.One of them was MtGox - and there you can see all the regulatory issues they're dodging... if a real bank had "lost" money belonging to their customers, the CEO would be in jail now (or the government would bail the bank out)..

When users come in and continue to Buy bitcoin and invest more money into Mining and all that then it increases the price because the demand for it is increasing. When the demand increases then so does the price.Though when people start selling either due to they believe the price will drop because say it got some bad press or something serious happened with maybe a exploit found then the price would drop because people will be scared and start trying to sell it so they don’t lose the money that they have earned. What this results in is the price going down because more people are selling then buying.

Currently, Bitcoin is seeing a low value due mostly to the effects of hearing that Google will be restricting advertising and listing access to Bitcoin related listings. Now would be a good time to invest in Bitcoin because it isn’t going anywhere and has increased and stood the test of adverse actions and restrictions in the past. A recovery in the price of Bitcoin is almost assuredly coming in the next month or so.

Token is a digital asset. Projects usually release tokens when they have an ICO. Let’s look for example at PTX token from Paytomat. It is digital asset and on top of PTM blockchain that incentivizes end customers to pay with crypto within the Paytomat ecosystem.

ICO- Initial Coin Offerings:An initial coin offering (ICO) is a means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, some quantity of the crowdfunded cryptocurrency is pre allocated to investors in the form of "tokens," in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum. These tokens become functional units of currency if or when the ICO's funding goal is met and the project launches.

Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’, but Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.It is also known as digital cash, cryptocurrency, an international payment network, the internet of money – but whatever you call it, Bitcoin is a revolution that is changing the way everyone sees and uses money.