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  1. #1
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    Do not know which exchangers offer the best deals? BestChange will help you!

    Greetings, dear forum users!

    That you are here, makes it likely that you are interested in selling and buying e-currencies. Perhaps you are already trading with e-currencies, and have started to get to grips with how to exchange one e-currency for another in order to maximize profits? Or perhaps you are just now hearing about his exciting new way of trading, and are visiting forums like this in order to learn more?

    Either way, we have some news that you will probably find quite interesting. By visiting
    E-currency exchanger listing, best rates from reliable exchangers you gain access to a service that will make your e-currency trading both more streamlined and potentially far more profitable.

    The reason for this is simple. One of the biggest obstacles e-currency traders face, if the quest to always find the best rates for the exchange they wish to make. Basically, different e-currency exchanges online offer different rates on different e-currency pairs. Only by finding the best ones, are you going to make real money over time.

    The great thing about BestChange.com is that the service allows you to find a full list of the current rates being offered for any given e-currency pair. This enables you to find the best deals in the flash of an eye.

    This is how it works:

    • You go to the BestChange.com site
    • There, you select your currency pair – the e-currency you have, and the e-currency you want to change it into
    • You will then see a list with the current rates being offered for your chosen exchange at various, different exchanges
    • Pick the one you prefer, and complete your trade

    To say that this is easy is no exaggeration! You basically get hours of research done by just clicking a couple of times on a website.

    But this isn’t all that BestChange.com has to offer. The service has been around since 2007. That is well over 10 years of solid experience. This has been put to good use in writing in-depth reviews about several leading online e-currency exchanges. You will also only ever find the most reputable exchanges being featured on BestChange.com. The site makes sure to vet the exchanges carefully. Of course, this adds a comfortable feeling of security.

    If you have any questions, or require further information, why not get in touch? This is an exciting marketplace. Many are curious and eager to learn more. The BestChange.com team are here to help.

    Check out our website: E-currency exchanger listing, best rates from reliable exchangers

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  2. #2
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    Did you know that only one third of mined bitcoins participate in the turnover? The rest of bitcoins do not move among the wallets.

    Of course, this can partially be blamed on hodlers, but it is highly likely that the access to inactive wallets was simply lost or the coins were forgotten by users.

    The reason for that could be a loss or breaking of private key containers, impossibility to restore passwords from online-service or their closure, incompatibility of hierarchical generation of keys and lots of other options. If you have lost a password/key to your bitcoin wallet, you wonÂ’t be able to restore it, this is how the system works.

    But what about the fact that every 10 minutes miners create more and more new bitcoins?

    There is a limit after which the growth of the total amount of bitcoin in the network will stop, and this limit is 21 million of coins. Moreover, every 4 years the amount of new bitcoins is reduced two-fold.

    For the 10 year and a half of bitcoinÂ’s existence there has been generated around 17,7 million of bitcoins, which constitutes around 84 per cent of their total amount. If the access to two thirds of the coins has already been lost, then around 9 million of coins are left in the turnover, 3 million coins out of which do not yet exist.

    Even if we do not take into account the possibility of losing an access to wallets in the future, it still turns out that we may face a shortage much larger, that it seems at first glance.

    If bitcoin ceases to be a speculative asset and turns into one of the main reserve currencies of the worldÂ’s central banks, its total capitalization will be less correlated with the actual amount of available funds.

    For instance, if now bitcoin would substitute the US dollar as the main reserve currency and its capitalization was at the level of the USA national debt, then the price of one bitcoin would be a little over $1 million. And if we take into account that the real volume of bitcoins available for turnover currently is about 6 million of coins, then bitcoin would have to have the price of $3,5 million to be compatible with US debt by capitalization.

    And do you believe in the future of bitcoin? What price deems fair for the cryptocurrency number one?

    If you trust in the future growth of Bitcoin or other cryptocurrencies, our monitoring BestChange.com is at your service: with our help you can easily find the best exchanging rates for any e-currency and have a safe transaction.

  3. #3
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    How Safe are Bitcoin Paper Wallets?

    A bitcoin paper wallet is a public and private key printed on paper or a piece of plastic. It is an offline wallet and is referred to as a type of “cold storage”. This means that it is an extra-secure storage that is not connected to the Internet which can be hacked. Although its security can be debatable.

    The piece of paper (or plastic) contains printed private and public keys, usually accompanied by QR code, which also serves as the address. You can simply copy and paste the keys onto a text document and print it out (making sure to delete the document from your PC). You can also use free online services that generate the printable wallet. The key generation is usually done in your browser, so they are not transmitted on the internet. But to be on the safe side, you are advised to clear your browser after printing. Keeping an image of the paper wallet on your computer or phone is a definite no-no.

    Some paper wallet services offer a handy design that you can cut, fold and seal, making them a lightweight and relatively secure form of storing your bitcoins offline. You send your bitcoin to the public address displayed on the wallet, and then store the paper in a secure place.

    The security of paper wallets stems from the fact that they are absolutely offline, and hackers cannot reach them. But, on the other hand, you need to keep this piece of paper secure to protect your funds.

    There is a risk that somebody can find your printout and withdraw your funds without your knowledge. As an extra precaution measure you can fold the printout covering the private key and seal the fold with a tamper evident seal.

    Also, you need to bear in mind the physical vulnerability of the material. To protect the paper wallet from water (for example, in case of flooding) you may want to keep the printout in a sealed plastic bag. But there does not seem to be a good protection against fire.

    But these risks are not very likely, use common sense to keep your wallets safe the way you would jewels and ordinary cash. In general paper wallets are by far the safest option to store your digital assets.

    Whatever your preferred method of storing e-currencies, you can always buy or sell your crypto money choosing the best rates at bestchange.com !

  4. #4
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    Blockchain and bitcoin based on it, as any new revolutionary technology, have their drawbacks. The mechanism of ‘proof-of-work’ consensus uses enormous volumes of electricity, cryptocurrency is used for speculations and sometimes in illegal activities.

    But to say that because of that the technology faces a failure, is the same as saying in 1995 that the Internet will not work because it’s clumsy and unorganized.

    Bitcoin has been living for over 10 years now despite numerous predictions of its demise. And it is constantly developing. The first cryptocurrency is no longer a “toy for geeks” as it used to be in 2009. Today Blockstream satellites allow making bitcoin transactions even without Internet.

    Blockstream company which deals with bitcoin blockchain pilot projects and New Zealand developer goTenna have united their efforts to improve the project that allows sending and receiving bitcoins without Internet with the help of data translation via satellites using radio frequencies which are supported by goTenna devices.

    The users will be able to receive bitcoins via satellite and goTenna Mesh network without direct connection to the Internet. If you do not like the control of the local provider or your connection is down for some reason, for example, because of a natural disaster, you will still be able to make a transaction.

    With all the innovative features, this technology is quite easy to use. With an electricity generator, satellite dish, Raspberry Pi, a Wi-Fi point and the necessary software you could make global bitcoin transactions.

    At first sight, it sounds rather expensive. But if you divide the expenses among people, for instance, if the whole village chips in for the purchase of the equipment, the costs are not so high. To use this service, you need a small satellite dish that uses USB port to connect to PC or specialized equipment such as Raspberry Pi. To manage connection, you can use free software with open source code, for instance GNU Radio.

    And the service itself has demonstrated “excellent” uptime and its network has excess capacity to ensure reliability.

    And do you still think that bitcoin does not have any future and nobody uses it?


  5. #5
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    Blockchain is not a financial pyramid.

    To see this, one should understand what a financial pyramid (also called an investment pyramid) is. This is a system for receiving profit via constantly attracting money from new participants. That means the profit of the first participants is paid at the expense of funds of their followers.

    It is obvious that if bitcoin does not have any dividend yield, that is, if you do not receive additional funds just because you own cryptocurrency, then bitcoin, as most of other significant cryptocurrencies, cannot be a financial pyramid by definition.

    Then why such confusion? Most likely that the reason behind such a poor analogy was the poverty of intellect in most cryptocurrency critics after the events of 2017. They did not even try to learn about the principles and technologies behind cryptocurrencies but started without any reason calling them a financial pyramid. Partially they can be understood, because the previously unknown project that made it possible for people to increase their capital several times over a few months sounds very suspicious.

    But what happened is that people earned profit due to the increase in the price of the active, and not because of the means of new users. Yes, to some extend it was the dramatic increase of popularity that brought about price increase, but these concepts should not be confused. Situations when demand starts to dramatically exceed supply are always accompanied by similar price increase. These can be company shares, investment fund units or even salt that can rise in price against the backdrop of false rumors. Price increase due to the growth of demand is a typical market situation, and not a disguised financial pyramid.

    That being said, blockchain-based pyramids can sometimes be found, for instance, PonziCoin and Bitconnet. But these are particular cases of the misuse of the technology in creating a financial pyramid, and not vice versa.

    It should be noted that there are financial pyramids that are disguised as cryptocurrency projects, only exacerbating the suspicion of inexperienced crowd. For example, they can promise profit thanks to a “unique trading robot” that multiplies your investments, or something of this kind. Of course, they have nothing to do with cryptocurrencies, and the illusion of work is maintained at expense of new client’s investments.

    We hope that we have made our point clear. And what other unreasonable definitions of bitcoin have you come across? We would be happy to discuss it with you in our next articles.


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