The start-up Sirin and the electronics giant Foxconn are planning a smartphone with a built-in digital wallet. This should be much easier - but the mobile phone will not be cheap.


Virtual money like Bitcoin and the smartphone - this is not a real love, on the contrary. Recently, there have been increasing warnings that cybercriminals are not only attacking PCs to illegally dig cryptocurrencies, but also mobile phones. Now a start-up and a large contract manufacturer want to make it clear to the consumer that the combination of Bitcoin and smartphone can also have their good and safe sides.


The Swiss-Israel company Sirin Labs and the Taiwanese electronics giant Foxconn, which among other things manufactures iPhones for Apple, are planning the first smartphone with blockchain technology. So with the technology that forms the basis of all virtual currencies. Thus, the crypto will finally mass market suitable, says Sirin founder and co-CEO Moshe Hogeg. The device, jointly developed by Sirin and Foxconn called Finney is said to facilitate transactions with digital money and provide protection against hacker attacks.

Use physical switches to access the wallet
The two companies are counting on the fact that there are currently millions of Bitcoin owners, but only a few use Bitcoin for day-to-day business. The complicated technology makes this unattractive. To prevent theft, Bitcoin payers must keep their assets on special memory sticks until needed. Then remember to remember complicated usernames and passwords that can be many characters long. An uncomfortable thing that gets in the way of a really big spread. "No chance my mother will find out how to use Bitcoin. And my mother is smart, "says Sirin boss Hogeg.

MORE ON THE SUBJECT
With a smartphone that basically everyone can carry in their pocket, everything should be much easier. With the Blockchain mobile phone, for example, users should be able to shop on crypto-friendly websites. This promises a high level of security. Finney devices - under this brand, smartphones and PCs are planned - are the first to rely on the applicable as uncrackable Blockchain Technik. They run under the widespread mobile operating system Android, in conjunction with special cybersecurity technologies. With the help of its own physical switch, the owners should be able to cut off online access to the built-in digital purse ("wallet") and thus hinder hacker attacks. This so-called "cold wallet" is considered safer than a "hot wallet" that can be accessed anytime via the internet.

Competitors are also involved
Sirin has already raised hundreds of millions of dollars in project development from investors:  158 million USD in December, and another 70 million USD recently. The Bitcoin smartphone is expected to hit the market in October 2018. First, it wants to market it through its own stores, later on via telecommunications companies. The device is not cheap. Initially,  999 USD are targeted; Later, license agreements with other cell phone producers should push this price down to 200 USD. Among other things, Sirin is in talks with Huawei.

Meanwhile, others have discovered the charm of a blockchain phone - competitors like Zippie and Bitvault. Nevertheless, analysts rate the prospects of success quite ambiguous. On the one hand, the use of Bitcoin is still very limited, on the other hand, there is a danger of constantly carrying its virtual money with it. Criminals could kidnap Finney owners and forcibly gain access to the virtual wallets, so the fear.

Author: Marko Vidrih

https://btcmanager.com/chinese-man-prison-for-stealing-electricity-mine-bitcoin/

Oh well, he took the risk and now he is in jail.  I wonder how much he earn mining bitcoin  because it means that he knows what his doing is wrong but I guess he see the $$$ that's why its worth a try. hehehe.

Facebook is not against Bitcoin but rather intends to avoid the situation of misleading its community members through its paid advertisement. Users of facebook can post crypto and Bitcoin related topics on facebook without any penalty.

I read a number of articles and even read several forums discussing what bitcoin is.

I made this post because many of my friends don't understand what bitcoin really is, and I made this thread to be my Boomark to be read by my friends.

Discussions about Bitcoin are very much discussed on each site if we look for it on "google.com".
But each site certainly has a different view of each site visited, such as:

• On the wikipedia site I read that bitcoin was discovered in 2009 they said that Cryptocurrency was a form of electronic money and bitcoin was made by a group of people whose identities were unknown.
• While the blockgeeks site said that bitcoin was discovered in 2008 they said Occupy Wall Street accused large banks of abusing borrower's money.
• While on the weusecoin site said that Bitcoin was published in 2009 and Satoshi Nakamoto made a statement that he had left the project in 2010, but now Bitcoin has mushroomed in all countries.

In this forum, many have different views about what is bitcoin?

Of the few quotes I read, many were different and had their own views.
However, it is necessary to do your own research according to the criteria of each, so that there is not much wrong in making the meaning of Bitcoin.
Hopefully this will be a reading discourse for my friends.

It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..

In order to understand why the government hates bitcoin we need to understand how money actually works

In the history of the United States, the US dollar has been built on the "silver standard" and the "gold standard,". This means that the value of a dollar was directly tied to the country's silver or gold reserves. This is true in case of all currencies be it the Indian Rupee or The Chinese yen. A more simplified version of understanding this would be that any money you possessed could directly be exchanged for its value in whatever material it was being backed by. This is known as a commodity currency which does not exist in the current economy.

As an example, Lets say that you own a paper currency worth $ 20. Now you can take that paper bill and exchange it for gold or any other material backing it up which had the same $ 20 value.

But in the current economy the world runs on fiat currencies whose value is derived from the government that backs it. Plain and simple, a US dollar has value as legal tender because the US government says it does. Though this system isn't perfect, it has served its purpose for many years.

The government loves fiat currency because it is centralized which means control is also centralized on the production and distribution of their respective fiat currencies via large central banks.

What this means for the banks
They can track the currency's location in bank accounts, dictate its movement, and collect taxes on every financial transaction that includes their currency. This also helps the governments to try and keep their economy healthy by adjusting the amount of money in circulation to try and stimulate Wall Street investors or avoid a financial crisis.

Now why is bitcoin made?

The basic ideology behind Bitcoin is to use a combination of public-key cryptography and peer-to-peer networking to create a virtual analogy of gold,
that is to say, a substance that is scarce and fungible. Satoshi Nakamoto devised did arrange a set of restrictions in order to ensure that bitcoin is not misued to
an extent like the fact that there can only ever be 21 Million bitcoins ever in existence and as time progresses it will become difficult to mine bitcoins.

Nakamoto in 2009 -
.

But is it really that simple

It is not as simple as "The government likes to control and tax the movement of money" that makes them seem evil or greedy. The truth however is that if all currencies are decentralized, who would determines their value?
Bitcoin is only in the virtual form, how can we protect oourself from hackers or technical glitches? These questions are just some of the reasons why there is no telling what the future of cryptocurrencies holds, but it isn't wrong to say that Bitcoin and other cryptocurrencies will not be replacing government-backed fiat currencies any time soon. This however does not mean that there isn't a future where cryptocurrencies will be treated as regulated global currencies. Of course if we include the corrupt institutions, politicians then we can say the government is evil and greedy.

For bitcoin to become truly succesful it must be both a medium of exchange and a reasonably stable store of value.

 

What real world problem is bitcoin solving rn? and to what extent?

To The Moon and back to the ground：2017.9~2018.9
What do you think?

From murders to kidnappings, it seems criminals are targetting Bitcoin hodlers these days. Now why is it that individuals are more careful with fiat than they are with crypto. This is money and more people (even crooks) are realizing that. I read this analysis of Bitcoin related crimes and think we should think of ways of keeping our crypto safe and our lives also. https://cryptoinfowatch.com/cryptocurrency-crimes-surge-as-industry-strives-for-greater-adoption/

What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.

BITCOIN AND LITECOIN NOW ACCEPTED AT THIS NEW JERSEY ITALIAN RESTAURANT

A New Jersey-based Italian restaurant is allowing customers to pay using popular cryptocurrencies – Bitcoin and Litecoin. The establishment situated in Pompton Lakes say the move could help make

Read more:
https://www.trackcoinmarket.com/en/crypto-news/35070/bitcoin-litecoin-accepted-jersey-italian-restaurant

If and when cryptocurrency and/or bitcoin becomes the official currency of the world, do you think there will be a downside to it? If so, what do you think the negative effect will be once cryptocurrency becomes a worldwide currency?

From https://www.forbes.com/sites/billybambrough/2018/10/18/bitcoin-and-blockchain-jobs-in-the-u-s-are-surging/#4780d4af2a14
The U.S. jobs boom, which saw a record 7.14 million unfilled positions in August — coupled with last year's bitcoin mania — has resulted in a 300% increase in the number of jobs related to bitcoin, cryptocurrencies, and blockchain over the last 12 months, according to new research from jobs site Glassdoor.

Despite the bitcoin and wider cryptocurrency market struggling throughout the year, it would seem from job openings that both established and startup companies are taking the possibilities of bitcoin, cryptocurrency, and blockchain seriously.

There is no shortcut in success!!  That powerful word teach me a lot of things in life..

The success of Bitcoin brings good fortune for every people around the world who are using it since when it was started, because they've study a lot the foundation of this coin, from day 1 up to this present day..

Behind the success of all the people who've understand Bitcoin is a contrary with the present situation of every new comers in this so called "Crypto World" because those people who posses the knowledge about cryptocurrency taking advantage of people's ignorance and wrong perspective about cryptocurrency..

Well, I'm not a good writer but I just want you to think, think and think before you enter this world called "CRYPTO."



 

Cryptocurrencies has only made it in to the mainstream media as an apparatus from the dark web when the infamous Silk Road has been turn off. Back then, that was far from getting considered a good investment decision for Wall Street types, nonetheless they soon joined the party.

Suddenly, banks, the thought front-runners of banking and financial institutions all had an opinion on Bitcoin - many of them thought it was a gimmick, or even rat toxic and far too unstable to take seriously, but conversations about Bitcoin were getting to be held in investment circles.

Stories of Bitcoin billionaires in addition to overnight millionaires cropped upwards, plus the individual investors overloaded to be a part of typically the massive wave of Bitcoin mania. This is why volatility was so crucial in establishing cryptocurrencies as a potential asset that will could also be used being a currency in a well-known society. However, this same volatility is additionally what could kill that goal.
A portion of what has cemented cryptocurrencies on the map given that they exploded into the public investor market has already been their volatility. Investors inundated to the likes of Bitcoin when, through Nov and December 2018, the value of the cryptocurrency increased in value tremendously. Conversely, such precariousness is a two-edged rapier, and the cryptocurrency bazaar has shown that in 2018 with Bitcoin’s price trailing more than 50 percent at times from the year finale worth of $13,000. The cryptocurrency market has also felt the ill effects of Bitcoin’s movements because of this of the price drops, Bitcoin’s trading volume, and even interest in the digital money realm also decreases. The danger is that changes can cause a significant exodus of investors to take place which severely dents the hopes of other cryptocurrencies gaining mass adoption standing.

Itai Cohen, CEO of Homelend says, Volatility should be at the epicenter of attraction for crypto if there is to end up being a future through which crypto is employed widely in everyday instances. However, it needs a lot of bravery, plus some tactical know-how, to successfully navigate the lows, to retain oneself safe, and sane, along with contributing positively to be able to a burgeoning crypto overall economy.

Patience is the key here to deal with anything that is related to crypto and blockchain. A calm mind will always get maximum output. Cheers.

Blockchain or Banks: Which has a Better Security for Financial Transactions?

By now, it’s highly likely that most of us understand how Blockchain technology has dramatically changed and how the world operates considerably. The Blockchain system is an openly distributed digital ledger technology behind the cryptocurrency industry. According to Alex Tapscott, the co-author of the Blockchain Revolution, the Blockchain technology is changing the concept of banking […]The post Blockchain or Banks: Which has a Better Security for Financial Transactions?


Read more: https://www.trackcoinmarket.com/en/crypto-news/33301/blockchain-banks-security-financial-transactions

Who here on Bitcointalk has the MOST bitcoin?
I'd like to see the top winners prove it, no fakers claiming 1,000,000 BTC please lol

It would be fun to see who the heavy hitters are and what a heavy hitter is defined as.  I want to get an idea of what is considered a lot, or a little.
I'm not sure if I have a lot or a little, so I will ask the community first. 

I'm sitting on a good amount.  Wonder if I have more than anyone else, or not.   If nobody has close to my amount I might keep my mouth shut.  lol

Peak - 16 Dec: 20.000$

Dip - 30 Dec: 12.600$

Peak - 6 Jan: 17.100$

Dip - 5 Feb: 6.900$

Peak - 4 Mar: 11.500$

Dip - 7 Apr: 6.600$

Peak - 5 May: 9.800$

Dip - 28 Jun: 5.800$

Peak - 24 Jul: 8.400$

Now we are at 6.200 going down to the next even deeper dip

This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral

I managed to articulate my evaluation of Bitcoin as a store-of-value. Let me know what you guys think?

https://hackernoon.com/evaluation-of-bitcoin-as-a-store-of-value-2cb0a7961713

Do clap on medium, that helps me to get more visibility


My old articles which everyone enjoyed was Is Bitcoin redefining money?
https://hackernoon.com/are-we-about-to-redefine-money-again-4bed5344ebaa


Thanks
Arne

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.