Category Archives: currency

How Bitcoin Mining Works

Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn’t have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

bitcoin is secure

Bitcoin is Secure

Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

How Bitcoin Mining Works

Bitcoin is not a Cryptocurrency (any longer)

https://unsplash.com/@nandreev

This piece may be stating the obvious — indeed I thought the matter was settled — but recently I’ve spoken to some very smart and Bitcoin-literate people who’ve tried to fervently make the case that Bitcoin is a Cryptocurrency.

It is not.

Interestingly, the word currency is mentioned only once in the original Bitcoin white-paper by Satoshi Nakamoto (here). His goal was to create a peer-to-peer electronic cash system. However, cash does not automatically mean currency. For something to be a currency, it has to have a few intrinsic properties. Failure to meet any of these requirements (there may be more) can be a dis-qualifier:

  1. It must be generally recognized as being a medium of exchange. This would need to be a combination of societal acceptance and legal acknowledgement. We can assume Bitcoin has passed this threshold.
  2. It must be readily exchangeable between transacting parties. A currency is of no use if the cost of using it as a currency is high. For example, imagine something heavy and bulky — would you consider using your couch instead of cash to trade? We can assume Bitcoin has passed this threshold; although there is room for improvement here — using bitcoin still requires some level of tech savvy but this can be solved.
  3. Its underlying value must be stable. This requirement is a tricky one, but also the most important one.

It is on this last point that Bitcoin fails as a currency. The rapid rise in the value of Bitcoin creates a dis-incentive for users to think of it as a currency. Broadly speaking, if an asset is inflationary — that is, it tends to lose value relative to other assets over a reference period — then users will have the incentive to get rid of that asset, in the expectation that they acquire some other asset to protect their wealth. Think of the German Mark during the last days of the Weimar Republic (here).

If an asset is deflationary — that is, it tends to constantly gain value relative to other assets — then customers will have the incentive to hoard that asset, in the expectation that its value will rise quicker relative to most other assets. Think of collectible items, real estate (long term), etc.

For an asset-class to be treated as a currency, its price must generally stay within a band where it doesn’t create the incentive to either hoard or get rid of it.

Bitcoin has not gotten into the territory where it will not be used as a currency because its value is rising so quickly. Think of it this way: if you were to go shopping for something legal and the vendor offered you the option of paying by Bitcoin, cash, or credit, would you pay for it using Bitcoin? The answer is no.

Does that mean there is no future for Bitcoin at all? Absolutely not — there is a strong future, but as a cryptoasset. Bitocoin is transforming into a store of value; especially as a hedge to the regularly economy (here, here) and I expect its popularity will only rise as major economies encounter recessions and depressions.

Applications of Blockchain in Business and Economy

The blockchain is a digital ledger of transactions that records all the exchanges of cryptocurrencies in a decentralized manner. Blockchain allows the digital information to be distributed over a network without the need of any centralized mechanism. This technology was devised by a person or a group of people known by the pseudonym, Satoshi Nakamoto. Originally created to empower the cryptocurrency, Bitcoin, this technology has now become a center for innovation. But the meaning of blockchain is still not clear to every person. Here we will discuss the meaning of blockchain and the ways to leverage it.

What is Blockchain? : Read Here

The most common application of blockchain is obviously in cryptocurrencies. There are 100s of cryptocurrencies like Bitcoin and Ethereum that leverage blockchain to successfully complete transactions. Here are some other applications of blockchain apart from cryptocurrencies:

1. Finance:

Traditionally to transfer money from one person to another we needed an intermediary. That intermediary ensured that the money is safely transferred from one end to another. The dependency of the intermediary increased proportionally to distance and value of the transaction. These intermediaries are called banks. With the help of blockchain, it is now possible to eliminate these intermediaries and decentralize the transactions. Bitcoin is the most popular application of this blockchain. If applied on scale blockchain can make transactions easy and simple.

For instance, claims processing in insurance can be a cumbersome process. Insurance processors manually go through fragmented data sources about client’s history, financial conditions etc. This makes the entire process time consuming and prone to errors. The blockchain provides a risk-free and transparent solution to the problem. Its encryption properties allow insurers to know the ownership of insured assets and the financial history of the insured person.

Read More: Impact of Bitcoin on the Economy

2. Cloud Computing:

In the present scenario cloud storage services are centralized — i.e. you the user must place trust in a single cloud storage provider. That storage provider has control over all your online assets. It also difficult to migrate from one provider to another. With the help of blockchain, it is possible to provide decentralized storage solutions thus, mitigating the risks with cloud storage. Anyone on the internet can store your data at a pre-agreed cost. The data security is ensured by having multiple copies over the network.

Storj.io and Factom are two start-ups exploring this idea. Storj is a beta-testing cloud storage solution, leveraging blockchain technology to decrease dependency while ensuring data security. The data is encrypted and then sent out to the network. Basic metadata is used to keep the track of data. You can consider this technology as the Airbnb of data storage.

3. Smart Contracts:

Smart contracts are legally binding programmable digitized contracts created using blockchain. Legal contracts are implemented as variables and settlements can be made using bitcoin network instead of relying on a centralized source. Blockchain can bring in a digital revolution in the legal industry. Whether it a divorce settlement or a mortgage case, lawyers are excellent in creating tons of paperwork. This is done primarily to hide the information or delay opposition from finding valuable insights.

Blockchain can help digitize the process of keeping track of the paper trail and reduce the costs and chances of errors. Firms like Stampery, have started a shared ledger that works as an irrefutable digital proof of a legal event that happened between two parties. This could be anything from a real estate case to a divorce proceeding, basically anything that involves digital proofs.

Read More.

Applications of Blockchain in Business and Economy

The blockchain is a digital ledger of transactions that records all the exchanges of cryptocurrencies in a decentralized manner. Blockchain allows the digital information to be distributed over a network without the need of any centralized mechanism. This technology was devised by a person or a group of people known by the pseudonym, Satoshi Nakamoto. Originally created to empower the cryptocurrency, Bitcoin, this technology has now become a center for innovation. But the meaning of blockchain is still not clear to every person. Here we will discuss the meaning of blockchain and the ways to leverage it.

What is Blockchain? : Read Here

The most common application of blockchain is obviously in cryptocurrencies. There are 100s of cryptocurrencies like Bitcoin and Ethereum that leverage blockchain to successfully complete transactions. Here are some other applications of blockchain apart from cryptocurrencies:

1. Finance:

Traditionally to transfer money from one person to another we needed an intermediary. That intermediary ensured that the money is safely transferred from one end to another. The dependency of the intermediary increased proportionally to distance and value of the transaction. These intermediaries are called banks. With the help of blockchain, it is now possible to eliminate these intermediaries and decentralize the transactions. Bitcoin is the most popular application of this blockchain. If applied on scale blockchain can make transactions easy and simple.

For instance, claims processing in insurance can be a cumbersome process. Insurance processors manually go through fragmented data sources about client’s history, financial conditions etc. This makes the entire process time consuming and prone to errors. The blockchain provides a risk-free and transparent solution to the problem. Its encryption properties allow insurers to know the ownership of insured assets and the financial history of the insured person.

Read More: Impact of Bitcoin on the Economy

2. Cloud Computing:

In the present scenario cloud storage services are centralized — i.e. you the user must place trust in a single cloud storage provider. That storage provider has control over all your online assets. It also difficult to migrate from one provider to another. With the help of blockchain, it is possible to provide decentralized storage solutions thus, mitigating the risks with cloud storage. Anyone on the internet can store your data at a pre-agreed cost. The data security is ensured by having multiple copies over the network.

Storj.io and Factom are two start-ups exploring this idea. Storj is a beta-testing cloud storage solution, leveraging blockchain technology to decrease dependency while ensuring data security. The data is encrypted and then sent out to the network. Basic metadata is used to keep the track of data. You can consider this technology as the Airbnb of data storage.

3. Smart Contracts:

Smart contracts are legally binding programmable digitized contracts created using blockchain. Legal contracts are implemented as variables and settlements can be made using bitcoin network instead of relying on a centralized source. Blockchain can bring in a digital revolution in the legal industry. Whether it a divorce settlement or a mortgage case, lawyers are excellent in creating tons of paperwork. This is done primarily to hide the information or delay opposition from finding valuable insights.

Blockchain can help digitize the process of keeping track of the paper trail and reduce the costs and chances of errors. Firms like Stampery, have started a shared ledger that works as an irrefutable digital proof of a legal event that happened between two parties. This could be anything from a real estate case to a divorce proceeding, basically anything that involves digital proofs.

Read More.

ETH is falling… Chance to buy IML!

Anyone following the cryptocurrency market over the past few months has seen the impressive rise and pretty striking fall of the Ether price. For the month from June 17 to July 17 there was a Eth/$ rate reduction of 55%. The reason for this decline is quite significant sales in order to withdraw fiat money from newly completed ICOs. Only in June there were 34 ICOs, during which were raised $567.4 million. On average, each project has development costs of about $ 2 million / year. We believe that the market was ejected Eths at a volume of $ 68 million, to which were added the volumes of miners, traders, and other participants who do not believe in the long-term future of Ethereum and other cryptocurrencies.

For today, indeed, the technological advantage of Etherium is not refutable. Although, in the opinion of IMMLA team, the IOTA blockchain model can become more effective and reliable in the near future.

At the same time, we also envisaged a plan of action in the event of an even stronger supply of Eth. Also, about 20% of our agreements on payments with developers and marketers are expressed in Eth. We do not doubt that in the near future, the Etherium will cost more, especially considering the stage of the economic cycle and the volume of planned ICO’s.

At the same time, for investors in the IML token, a temporary decrease in the cost of Eth allows to invest at a more favorable rate.

Where is the Best Free Bitcoin Cloud Mining?

We have discussed a lot about getting coins. Many people are a bit afraid of the discomfort associated with mining such as the inconvenience of equipment to be acquired, the loud noise from the working processors and coolers, ventilation, electricity bills, the space occupied in a house, as well as the fact that mining is hardly a profitable deal. Anyway, there is a chance for people who are looking for comfort. Nowadays, most IT-businesses are on the Internet and therefore use online cloud services which lets them store and process information, as well as enabling them to interact with their customers and clients. Mining also follows the trend.

Mining in Clouds

Cloud services offer to their clients an ability to buy some GHs for earning bitcoins. A customer purchases some speed in a remote data center and earns bitcoins, really easy and comfortable. Miners should have only a bitcoin wallet, internet connection and real money to acquire GHs. There are many advantages of using cloud services such as: no electricity bills, no equipment to buy, no problems with space in a house and no need to acquire coolers. Sounds really good, doesn’t it?

However, there is a problem. As we know, mining is not a very profitable deal because of the little income in bitcoins. So, cloud mining is even more so. And this is obvious because data center owners need to pay all bills and costs that miners do not want to pay; this raises the price of mining. Many companies which offer cloud mining, have a free trial period, say, about a month or two. For example, there is a site which gives 250 GHs as a free trial but afterwards, the client has to buy an extra contract to withdraw mined bitcoins. It is terabox.me.

Related: Buy Your Favorite Games with Bitcoin!

At the same time there is a service which offers people to the option of generating bitcoins for free without any payments. Looks like charity. Well, its owners explain it is a funny non-profitable game like a faucet where the user can earn a little piece of bitcoin.

We’re talking about bitzfree.com. It is a service which lets people start mining with 20 GHs, and then purchase extra GHs for bitcoins. By the way, there is also a chance to hack other users and steal their speed-power. Anyone may make an attempt and steal 10% of their victim’s GHs. That makes it like a game. Owners try to maintain the service using advertisements and donations. So, that’s a nice way to try it without any expenditures.

If you are looking for a bitcoin gambling site that has both sports betting and casino games on a highly secure site, you should try Betchain! Website is nicely designed and works perfectly. The all round high quality of operation and customer experience make Betchain one of leaders in the bitcoin gambling industry. Have some fun and find out for yourself!

Best Binary Options Broker

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Originally published at 30btc.com.

トークンアクティベーションのアップデート情報

親愛なるBancorコミュニティの皆さま

Bancorプロトコルのスマートコントラクトの安全性を確保するため、BNTスマートトークンの有効化を数日後にすることになりました。数日後には、BNTはETHと交換出来、逆もまた可能となります。新規のBNTはETHで購入したときに自動的に発行され、清算時には消却されます。

皆さんがBNTのアクティベーションを待ち望んでいらっしゃることを私たちは知っています。チームはこれが安全かつ信頼出来る方法で確実なものとなるよう、24時間体制で取り組んでいます。Bancorプロトコルはこの種のプロダクトの第1号であることを思い出してください。そのため私たちは、すべての方が共有する成功のために格別の注意を払っています。私たちには、プロジェクトを真剣に保護し進化させる義務があります。

皆さまには準備する機会があります。可能な限り早く更新し、アクティベートする24時間前にはお知らせ致しますので、もうしばらくそのままお待ちください。

引き続き宜しくお願い致します。

Bancor開発チーム

Originally published at blog.bancor.network on June 18, 2017.

The Future of the Financial System, if assumed Ethereum is the Future

It’s cheaper, faster, and better. For how long can any fiat currency moving around through legacy financial systems compete with Ethereum?

At the time of writing, https://coinmarketcap.com/ had cryptocurrencies at a market cap of $106B, of which Ethereum representing $34B market cap. That arguably means that in the span of 2 years since inception, Ethereum has already grown to be the larger than the 54th largest financial institution.

With no need to upkeep the legacy systems and complex operations, Ethereum would be like a financial institution with no transactional operation expense.

If a critical mass of people had Ethereum wallets, would people choose to pay each other in Ether? Being instant and without fees, it could likely replace the checking account as we know it. This would be particularly valuable for transferring large sums of currency internationally.

It’s able to program identities and attributes into the wallets. This can lead to greater credit knowledge of the counterparty and can replace the loan officer. Everyone on the network would know the risk, and the market could determine the interest rate and maximum loan to offer. Peer lending may replace the loan system as we know it.

So why have a bank account instead of an Ethereum wallet? One reason might be security of funds. In the US, there is FDIC insurance of $250K for each account. This has led to the emergence of Gemini, a trust founded by the Winklevoss Twins.

They have worked to get Gemini approved under the New York State Department of Financial Services, and all customer USD fiat funds are eligible for FDIC insurance, subject to applicable limitations. As such, insurance of stored value could be replaced with similar trusts.

How about if you have lots of Ethereum and you are scared of being hacked? The solution is cold storage or a “hard wallet”. This means you can put it offline on a flash drive, or even print it out on a piece of paper to hide in a safety deposit box. This is also a common technique used by cryptocurrency exchanges to provide comfort to users that their funds are secure, leaving only the task of physical security.

In recognition of this transition of paradigm, the Ethereum Enterprise Alliance has formed, which has FORTUNE500 corporations supporting Ethereum. One of the goals of the alliance is to develop a robust governance model and accountability, clarity around IP and licensing models for open source technology.

This is likely the area of most opportunity for large organizations. With existing relationships with governments and customers, a financial institution that aligns itself with Ethereum can become a facilitator. An analogy could be how the Apple App Store is for iPhone apps. For example, JP Morgan Chase could open a wallet service, and also run a DApp store for financial service FinTech.

The Future of the Financial System, if assumed Ethereum is the Future

It’s cheaper, faster, and better. For how long can any fiat currency moving around through legacy financial systems compete with Ethereum?

At the time of writing, https://coinmarketcap.com/ had cryptocurrencies at a market cap of $106B, of which Ethereum representing $34B market cap. That arguably means that in the span of 2 years since inception, Ethereum has already grown to be the larger than the 54th largest financial institution.

With no need to upkeep the legacy systems and complex operations, Ethereum would be like a financial institution with no transactional operation expense.

If a critical mass of people had Ethereum wallets, would people choose to pay each other in Ether? Being instant and without fees, it could likely replace the checking account as we know it. This would be particularly valuable for transferring large sums of currency internationally.

It’s able to program identities and attributes into the wallets. This can lead to greater credit knowledge of the counterparty and can replace the loan officer. Everyone on the network would know the risk, and the market could determine the interest rate and maximum loan to offer. Peer lending may replace the loan system as we know it.

So why have a bank account instead of an Ethereum wallet? One reason might be security of funds. In the US, there is FDIC insurance of $250K for each account. This has led to the emergence of Gemini, a trust founded by the Winklevoss Twins.

They have worked to get Gemini approved under the New York State Department of Financial Services, and all customer USD fiat funds are eligible for FDIC insurance, subject to applicable limitations. As such, insurance of stored value could be replaced with similar trusts.

How about if you have lots of Ethereum and you are scared of being hacked? The solution is cold storage or a “hard wallet”. This means you can put it offline on a flash drive, or even print it out on a piece of paper to hide in a safety deposit box. This is also a common technique used by cryptocurrency exchanges to provide comfort to users that their funds are secure, leaving only the task of physical security.

In recognition of this transition of paradigm, the Ethereum Enterprise Alliance has formed, which has FORTUNE500 corporations supporting Ethereum. One of the goals of the alliance is to develop a robust governance model and accountability, clarity around IP and licensing models for open source technology.

This is likely the area of most opportunity for large organizations. With existing relationships with governments and customers, a financial institution that aligns itself with Ethereum can become a facilitator. An analogy could be how the Apple App Store is for iPhone apps. For example, JP Morgan Chase could open a wallet service, and also run a DApp store for financial service FinTech.

BancorとQoinは地域通貨プラットフォームを提供するために提携します

BancorとQoinは、地域通貨の成長と接続性をグローバルに推進することを目指し、パートナーシップを結びました。その目的は、持続的で相互につながった活気のある地域コミュニティを作り出すことです。共に協力することによって、私たちは人々に再び通貨に対する力を与え、グローバリゼーションの恩恵を受けられるよう支援し、同時に健全な地域コミュニティを作ることを目指します。

Qoinは、世界中の地域通貨の構築と運用において20年以上の経験を持っています。ごく最近では、グローバリゼーションの弊害を相殺するために手助けを必要とする西洋地域のために、Qoinは自律的な地域通貨プラットフォームであるSamenDoenを導入しました。SamenDoenとは、QoinのCurrency As A Service(CaaS)デリバリーモデルを通して提供される、地域主体の目的主導の通貨です。

Bancorは、地域通貨のロングテールをグローバルな通貨ネットワークに接続させることを目的とした最初のネットワークトークンとして機能するメカニズムとプラットフォームを提供します。第二次世界大戦中にケインズによって提案された経済モデルにインスパイアされており、少数の人だけでなく誰もが恩恵を受けることのできる、より安定したグローバル経済をもたらすことができます。

Qoinの最高執行責任者であり、パートナーシップの責任者でもあるロエル・ウォルフェルト(Roel Wolfert)は、「短期から中期的には、アフリカ、アメリカ、アジアへの接続の容易さを推進するだけでなく、西側諸国の地域通貨をこれまでよりもはるかに迅速に展開できるようになるので、QoinとBancorとのこの提携について発表できることを非常に誇りに思います。」と語っています。「まもなく私たちは、2017年にBancorプラットフォームを介してローンチされる最初の具体的な通貨について発表する予定です。」

「2013年以降、Bancorの創業者たちは地域通貨のためのソリューションを展開してきています。Bancorプロトコルによって、継続的に流動性のある地域通貨を作成することが初めて可能となります。私たちはQoinとの提携を大変嬉しく思います。この分野でのQoinの豊富な経験が、地域通貨を暗号化経済(crypto-economy)にもたらす際の助けになると信じています。」

Qoinについて

Qoinは、長期にわたって活気のある地域コミュニティを構築するのに役立ちます。地域主体で運営される地域通貨を導入することによって、市民、企業、政府および公共機関が、社会的、環境的、経済的な領域で重要な影響を及ぼすことを支援します。

Qoinは、地域にとって望ましい影響をもたらすという明確な視点を持って、アイデアからその実現と運用の成功までの構想を支援します。より詳しい情報については、www.qoin.comを参照するか、ロエル・ウォルフェルト(+3120-717 35 05 または +316–11887557)までお問い合わせください。

Κοινότητα Μακρών

Τα χρήματα είναι εργαλείο για μαζικές συνεργασίες. Επιτρέπει τις κοινότητες να συνεργαστούν καλύτερα και εξειδικεύει τα μέλη τις. Χρησιμοποιείτε για την συνεργασία με αυτούς που αποφασίζουν να συνεισφέρουν πόρους, ώστε να πραγματοποιηθεί ένα όραμα (όπως η δημιουργία ενός προϊόντος, εμπειριών και άλλων). Με αυτόν τον τρόπο ο καθένας μπορεί να συνεισφέρει.

Η αξία κάθε νομίσματος προέρχεται από τον τρόπο με τον οποίο χρησιμοποιείτε από τον εκδότη και από την κοινότητα που χρησιμοποιεί το νόμισμα. Κρυπτονομίσματα και μάρκες διατηρούνται συνήθως από οικοσύστημα συμπεριλαμβάνουν μακροπροθέσμους και βραχυπροθέσμους κατόχους, χρήστες του προϊόντος όπως και αυτούς που θέλουν να πάρουν μέρος στο οικοσύστημα. Οι επιλογές των διάφορων μελών και ομάδων εν τέλη θα καθορίσει την ανάπτυξη, «συμπεριφορά», φήμη και τελική αξία των μάρκων.

Πιστεύουμε πως είναι μείζων ζήτημα για την μακροπρόθεσμη επιτυχία του Bancor να έχουμε μια κοινότητα οπού αποφάσεις θα βασίζονται στο όφελος ολόκληρης της κοινότητας. Χρησιμοποιώντας μηχανισμούς ελάχιστου χρόνου για την πώληση της μάρκα, κατά την διάρκεια της χρηματοδότησης, ελπίζουμε να προσεγγίσουμε μακροπροθέσμους συνεισφέροντάς, που δεν θέλουν μόνο να «είναι πρώτη» σε μια περιορισμένη χρηματοδότηση που θα είναι μόνο ένα κλάσμα της συνολικής ζήτησης της αγοράς, αλλά να θέλουν να ωφεληθούν βραχυπροθέσμα πριν αποφασίσουν να συμμετάσχουν σε μια διαφορετική χρηματοδότηση. Αυτοί που κάνουν το αντίθετο δείχνουν αδιαφορία και αρπακτικότητα. Θέλουμε αυτοί που αγόρασαν το Ether όταν η τιμή του ήταν 30 cents και που ακόμα κρατούν τις μάρκες τους. Θέλουμε αυτούς που είδαν την επιτυχία του συστήματος και που είναι υπερήφανη που υποστηρίζουν και μοιράζονται ένα τέτοιο έργο.

Πιστεύουμε πως είναι για το όφελος ολόκληρής της κοινότητας να έχουμε τους λεγόμενους «hodlers», όσο και αν πιστεύουμε πως οποίος πάρει μέρος στην δημιουργία της μάρκας μπορεί να το κάνει, χωρίς να χρειάζεται στρατηγικές «βενζίνης», να πάρει την μέρα ελεύθερη η να έχει άγχος έλλειψης η φθοράς ώστε να συμμετάσχει.

Αντίθετα με τα κλασσικά μοντέλα συναλλαγής που μπορούν να παράγουν γρήγορα κέρδη όταν η ζήτηση είναι χαμηλή, οι έξυπνες μάρκες όπως η BNT μπορούν να αγοραστούν απευθείας από το συμβόλαιο, που «λειώνει» την μεταβλητότητα τιμών ενώ αποθηκεύει όλο και μεγαλύτερα αποθέματα (επειδή αυτός είναι ο μηχανισμός του συστήματος όταν κάποιος αγοράζει μια έξυπνη μάρκα, αυτή στέλνετε μέσω της αποθεματικής μάρκας στο συμβόλαιο). Μπορεί να συζητηθεί αν τα παραδοσιακά μοντέλα της αγοράς και πώλησης παίζουν έναν σημαντικό ρολό στο να επιτρέπουν νέους χρήστης να αγοράζουν μάρκες, ωστόσο, με τις έξυπνες μάρκες μπορεί κάποιος να έχει το ίδιο αποτέλεσμα μέσω των συμβολαίων και με πιο ομαλή «επιβίβαση». Για αυτόν τον λόγο πιστεύουμε πως τουλάχιστον μια ώρα απεριόριστων αγορών είναι απαραίτητη. Το μεγαλύτερο πλεονέκτημα, είναι πως η αξία των έξυπνων μάρκων θα ανεβεί όταν αυτές αγοράζονται και διανέμονται, αντί να «υποφέρουν» από πληθωρισμό και διάλυση, όπως έχουμε συνηθίσει με άλλες μάρκες που μπορείς να συναλλάξεις μέσω των παραδοσιακών μεθόδων προσφοράς και ζήτησης.

Έχουμε ακούσει όλες τις ανησυχίες σας για το ότι δεν έχουμε όριο την πρώτη ώρα (εκτός του 1 εκατ. Ether ορίου ασφάλειας) και πως αυτό θα μείωση την τιμή των BNT μετά την μαζική χρηματοδότηση. Ακόμα και αν θέλουμε να πιστεύουμε πως οι κάτοχοι η αλλιώς «hodlers» δεν θα ρευστοποιήσουν σύντομα τις BNT τους, έχουμε αποφασίσει να καταθέσουμε τα κεφάλαια που θα ξεπεράσουν το όριο μετά της πρώτης ώρας, με τον εξής τρόπο:

20% θα κατανεμηθούν στο γενικό απόθεμα, βελτιώνοντας την ρευστότητα τον BNT και αυξάνοντας την σταθερότητα, μειώνοντας έτσι το κόστος απόκλισης τιμών.
80% θα «κλειδωθεί» για δυο χρόνια σε ένα έξυπνο συμβόλαιο που θα αγοράζει αυτόματα κατά αυτήν την διάρκεια BNT για 0.01 ETH (την αρχική τιμή), συμφώνα με την υπολογισμένη τιμή. Η αγορά τον BNT θα προστεθεί στον προϋπολογισμό του ιδρύματος και μετά από δυο χρόνια τα «περιττά» ETH θα κατανεμηθούν σύμφωνα με το διάγραμμα της «Χρήσης των Εσόδων» που περιγράφονται στο Όρους Δημιουργίας Μαρκών.

Πιστεύουμε πως το μοντέλο λύνει πολλές ανησυχίες που έχουν τα μέλη της κοινότητας μας: πως δηλαδή μια μεγάλη χρηματοδότηση θα μπορούσε να έχει ως αποτέλεσμα σε μια μειωμένη τιμή μετρά την χρηματοδότηση, λογού μεγάλης ζήτησης και αειθαλής προμήθειας. Είμαστε ευχαριστημένη με το καινούργιο μοντέλο και θέλουμε να σας ευχαριστήσουμε για ακόμα μια φορά που μας ωθήσατε να το βελτιώσουμε.

La Comunidad de la Moneda

Traduccion del articulo “The Community of the Currency”

Una moneda es una herramienta para la colaboración masiva. Permite que las comunidades cooperen mejor y que sus miembros se especialicen. También puede utilizarse para permitir que los equipos colaboren entre sí y con aquellos que deciden aportar recursos para realizar una visión juntos (como construir un producto, crear una experiencia u otra). Al hacerlo, todos pueden participar de una manera positiva.

El valor de cada moneda se deriva de la forma en que está siendo utilizado como una herramienta por su emisor(es) y por su comunidad de titulares. Las criptomonedas y tokens suelen ser sostenidos por un ecosistema de titulares que pueden incluir el equipo emisor, titulares de largo y corto plazo, los usuarios del producto y aquellos que quieran participar con cualquiera de los otros. Las opciones hechas por los diferentes miembros de estos grupos en última instancia, determinar el crecimiento de la moneda, el comportamiento, la reputación y el valor.

Creemos que es fundamental para el éxito a largo plazo de Bancor que tenga una comunidad diversa que tome decisiones que beneficien a toda la comunidad. Usando el mecanismo de un tiempo mínimo para nuestro evento de asignación de fichas, esperamos construir una base sólida de contribuyentes a largo plazo, que no busquen simplemente la oportunidad de “ser el primero” en una recaudación de fondos de espacio limitado que sólo sirve a una fracción de la demanda del mercado (generada) y con la intención de simplemente beneficiarse de un “momento” antes de saltar al siguiente éxito. Esto parece en el mejor de los casos poco interesante y en el peor, depredador. Buscamos el tipo de contribuidores que compraron Ether a $30 centavos y todavía están sosteniendo la mayor parte de ella. Buscamos a aquellos que ven el éxito del sistema como propio y se enorgullecen de sembrarlo y compartirlo.

Creemos que es para el beneficio de toda la comunidad y el proyecto en general, comenzar con un grupo de hodlers, tanto como creemos que cualquier persona que desee ser parte del evento de creación de tokens debe ser capaz de hacerlo, sin tener que realizar estrategias maestras de gas, tomar un día libre de trabajo o de otra manera experimentar el estrés de la escasez o el desperdicio de la manipulación con el fin de participar.

A diferencia del modelo de intercambio clásico que puede producir picos de precios agudos (y rentables) cuando el suministro es limitado, un Token Inteligente como el BNT puede adquirirse directamente de su propio contrato, lo que suaviza los aumentos de precios al tiempo que acumula un saldo de reserva mayor (Asi es como se compra un Token Inteligente, enviando cualquiera de sus fichas de reserva al contrato, en cualquier momento). Se puede argumentar que la tradicional manera de “comprar” / “vender” juega el importante papel de permitir que los recién llegados y que compraron despues de la venta puedan comprar, sin embargo, los Tokens inteligentes lograr el mismo objetivo a través de sus contratos y con un inicio más suave. Esto es lo que creemos que el tiempo mínimo de una hora alcanza, dejando a aquellos que quieren comprar, comprar. Lo mejor de todo es que los Tokens inteligentes prosperan cuando se compran cada vez más y se emiten, en lugar de sufrir inflación o dilución, como estamos acostumbrados en las monedas de oferta fija que se negocian en los intercambios tradicionales de oferta / demanda.

Hemos escuchado muchas preocupaciones de que no tener límite en la primera hora (que no sea la tapa de seguridad de 1millon de Ether) puede resultar en que el BNT cayera por debajo de su precio inicial después del evento de asignación de tokens. A pesar de que nos gustaría pensar que nuestros tenedores no serán rápidos para liquidar el BNT que han comprado a su precio inicial, hemos decidido asignar todo lo recaudado en la hora mínima que exceda la tapa oculta de la siguiente manera:

El 20% se destinará a la reserva de Ether para el BNT, para mejorar aún más la liquidez del BNT, lo que aumenta la estabilidad y reduce los costos de conversión (desviación de precios) para todos.

El 80% estará bloqueado durante dos años en un contrato inteligente que recomprará BNT por 0.01 ETH (el precio inicial) siempre que esté disponible, según su precio calculado. El BNT comprado se añadirá al presupuesto a largo plazo de la Fundación y después de un período de 2 años, cualquier ETH restante se asignará proporcionalmente de acuerdo con la tabla “Uso de los ingresos” en nuestros Términos de Creación del Token.

Creemos que este modelo puede crear un piso de precios que abordará estas preocupaciones de algunos miembros de la comunidad que hemos estado escuchando atentamente: que un evento de contribución grande podría resultar en una caída de precio posterior a la recaudación de fondos abajo de su precio inicial, debido a la demanda totalmente saturada y por el suministro sin restricciones. Nos gusta este nuevo modelo aún mejor, así que gracias de nuevo a la comunidad por desafiarnos a mejorarlo.

Komuniti MataWang

Matawang adalah platform untuk mencapai kerjasama yang besar. Ia membolehkan masyarakat untuk bekerjasama lebih baik dan untuk ahli-ahli mereka untuk menjadi pakar. Ia juga boleh digunakan untuk membenarkan pasukan untuk bekerjasama antara satu sama lain dan dengan orang-orang yang memilih untuk menyumbang sumber untuk merealisasikan visi bersama-sama (seperti membina produk, mendapatkan pengalaman, atau lain-lain.) Dengan berbuat demikian, semua orang boleh berkongsi segalanya.

Nilai setiap matawang diperoleh dari cara ia digunakan oleh pengeluarnya dan oleh komunitinya pemegang. Cryptocurrency dan token biasanya dipegang oleh ekosistem pemegang yang mungkin termasuk pasukan yang mengeluarkan, pemegang jangka pendek & panjang, pengguna dan mereka yang mungkin mahu melibatkan diri dengan orang lain. Pilihan yang dibuat oleh ahli-ahli lain kumpulan-kumpulan ini akhirnya menentukan pertumbuhan, tingkah laku, reputasi dan nilai mata wang.

Kami percaya bahawa ia adalah penting untuk kejayaan jangka panjang Bancor bahawa ia mempunyai komuniti yang pelbagai yang akan membuat pilihan yang memberi manfaat kepada seluruh komuniti. Menggunakan mekanisma masa minimum untuk acara peruntukan token kami, kami berharap untuk membina asas yang kukuh untuk penyumbang jangka panjang, yang tidak hanya mencari peluang untuk “menjadi yang pertama” dalam kutipan derma terhad yang hanya menyediakan perkhidmatan kepada sebahagian kecil daripada permintaan pasaran, dan berniat hanya untuk mendapat keuntungan daripada “flip” sebelum melompat ke hit seterusnya. Ini adalah pelabur yang tidak menarik dan pada paling teruk. Kita mencari pelabur yang membeli Ether di 30 sen dan masih memegang sebahagian daripadanya. Kita mencari mereka yang melihat kejayaan sistem seperti mereka punya sendiri, dan berbangga dengan kekuatan dan berkongsinya.

Kami percaya ia adalah untuk kebaikan seluruh komuniti dan projek pada umumnya bermula dengan sekumpulan hodlers, seperti yang kita percaya bahawa sesiapa sahaja yang ingin menjadi sebahagian daripada acara penciptaan token akan dapat berbuat demikian, tanpa perlu tahu strategi gas, mengambil cuti sehari bekerja atau mengalami tekanan kekurangan token atau pembaziran manipulasi untuk mengambil bahagian.

Tidak seperti model pertukaran klasik yang boleh menghasilkan kenaikan harga (dan menguntungkan) apabila bekalan terhad, Smart token seperti BNT boleh dibeli daripada kontrak sendiri secara langsung, yang melicinkan kenaikan harga sambil mengumpul baki simpanan yang lebih besar (kerana itu adalah bagaimana seseorang membeli Smart token, dengan menghantar apa-apa token simpanannya kepada kontraknya, pada bila-bila masa). Ramai mengatakan bahawa cara membeli / menjual tradisional “flips” memainkan peranan yang penting untuk membolehkan pendatang baru selepas kutipan derma untuk membeli, bagaimanapun, Smart Token mencapai matlamat yang sama melalui kontrak mereka. Inilah yang kami percaya kepada keputusan masa minimum satu jam boleh capai, dengan membiarkan orang-orang yang ingin membeli, membeli. Yang paling menarik, Smart Token berkembang maju apabila mereka semakin banyak dibeli, dan dikeluarkan, bukannya mengalami inflasi atau pencairan, seperti yang kita sudah biasa dalam mata wang bekalan tetap tersenarai dalam platform pertukaran tradisional. Kami telah mendengar banyak kebimbangan bahawa tidak mempunyai cap pada jam yang pertama (selain daripada cap keselamatan Ether 1M) boleh menyebabkan BNT turun di bawah harga awal selepas acara peruntukan token. Walaupun kami ingin berfikir bahawa hodlers kami tidak akan cepat untuk mencairkan BNT mereka yang dibeli pada harga awal, kami telah memutuskan untuk memperuntukkan apa-apa hasil yang dikutip dalam masa sejam yang melebihi cap yang tersembunyi seperti berikut:

  • 20% akan diperuntukkan kepada Ether Reserve BNT, untuk meningkatkan lagi kecairan BNT, yang meningkatkan kestabilan di samping mengurangkan kos penukaran (kemerosotan harga) untuk semua.
  • 80% akan dikunci selama dua tahun dalam kontrak pintar yang akan membeli balik BNT pada 0.01 ETH (harga awal) apabila ia boleh didapati, mengikut harga yang dikira. BNT yang dibeli akan dimasukkan ke dalam bajet jangka panjang Yayasan, dan selepas tempoh 2 tahun, mana-mana baki ETH akan diperuntukkan pro-rata menurut carta “Penggunaan Hasil” dalam Terma Pengeluaran Token kami.

Kami percaya model ini boleh membuat harga meningkat yang akan menangani isu dari beberapa ahli-ahli komuniti yang kami telah dengar: bahawa acara sumbangan yang besar mungkin boleh mengakibatkan penurunan harga selepas kutipan dana, di bawah yang harga awal, disebabkan oleh permintaan tepu dan bekalan yang banyak. Kami suka model baru ini lebih banyak, jadi terima kasih sekali lagi komuniti kerana memberi cabaran kepada kami untuk memperbaikinya.

Die Währungsgemeinschaft

Eine Währung ist ein Werkzeug zur Zusammenarbeit der Massen. Sie erlaubt es Gemeinschaften, besser zu kooperieren und ihren Mitgliedern, sich zu spezialisieren. Weiterhin kann sie dazu genutzt werden, um Teams die Kollaboration zu ermöglichen, sowohl untereinander als auch mit denen, die sich dazu entscheiden, eigene Ressourcen einzubringen, um zusammen eine Vision zu realisieren (wie etwa ein Produkt aufzubauen, eine Erfahrung zu kreieren etc.).

Der Wert einer jeden Währung leitet sich von dem Verwendungszweck, den ihr Emittent und Besitzer zuschreiben, ab. Kryptowährungen und Token werden gewöhnlich von einem Ökosystem an Inhabern gehalten, welches etwa aus dem emittierenden Team, lang- und kurzfristigen Haltern, Endnutzern und jenen, die sich mit einer der genannten Gruppen befassen möchten, bestehen könnte. Entscheidungen, die von den verschiedenen Mitgliedern dieser Gruppen gefällt werden, sind letztendlich bestimmend für Wachstum, Verhalten, Reputation und Wert der Währung.

Wir glauben, dass eine vielfältige Community, die Entscheidungen trifft welche der ganzen Gemeinschaft zugute kommen, absolut kritisch für den Langzeiterfolg von Bancor ist. Mithilfe des Mechanismus einer Mindestzeitperiode während unseres Tokenvergabenevents hoffen wir, eine starke Basis für Langzeit-Mitwirkende aufzubauen, welche nicht einfach nur nach der Gelegenheit streben, „Erster“ in einem limitiertem Fundraiser zu sein, der nur einen Bruchteil der (generierten) Marktnachfrage erfüllt, mit der alleinigen Absicht, einen schnellen Profit zu generieren. Solch ein Verhalten erscheint bestenfalls uninteressant und schlimmstenfalls räuberisch. Wir suchen nach der Art von Mitwirkenden, die Ethereum bei 30 Cent gekauft haben und immer noch den Großteil davon halten. Wir suchen diejenigen, welche den Erfolg des Systems als ihren eigenen ansehen, und die es mit Stolz erfüllt, ihn zu sähen und zu teilen.

Wir glauben, es ist zum Wohle der gesamten Gemeinschaft und des Projekts mit einer Gruppe von „Hodlern“ zu beginnen, genauso wie wir daran glauben, dass jeder, dessen Wunsch es ist, an der Token Verteilung teilzunehmen, auch dazu in der Lage sein sollte, ohne Gas Strategien meistern, einen Tag frei nehmen oder in sonst einer Weise den Druck der Knappheit oder Manipulation erfahren zu müssen.

Im Gegensatz zum klassischen Börsenmodell, welches bei limitierter Nachfrage scharfe (und profitable) Preiszacken produzieren kann, kann ein Smart Token wie BNT direkt von seinem eigenen Contract gekauft werden, was während der Akkumulation einer größeren Reservebilanz für einen glatteren Preisanstieg sorgt (denn so kauft man ein Smart Token — indem man zu beliebiger Zeit ein Reservetoken zum Contract sendet). Man könnte argumentieren, dass die traditionellen Kaufen/Verkaufen „flips“ eine wichtige Rolle im Buy-In für Neueinsteiger spielen, allerdings erreichen Smart Tokens durch ihre Contracts mit sanfterem On-Boarding genau dasselbe. Wir glauben, dass die einstündige Mimimalzeit genau das erzielt, indem sie die kaufen lässt, die kaufen wollen. Das Beste daran: Smart Tokens gedeihen, wenn sie vermehrt gekauft und emittiert werden, anstatt an Inflation und Verwässerung zu leiden, wie wir es von Währungen mit festem Angebot in traditionellen Börsen gewohnt sind.

Uns haben viele Bedenken erreicht, dass die fehlende Obergrenze in der ersten Stunde (anstatt der 1M Ethereum Sicherheitsgrenze) darin resultieren könnte, dass BNT nach dem Token Verteilungsevent unter den Emissionspreis fällt. Obwohl wir daran glauben möchten, dass unsere „Hodler“ es nicht eilig haben, ihre zum Emissionspreis gekauften BNT zu liquidieren, haben wir uns dazu entschieden, alle Mittel, welche die versteckte Obergrenze der ersten Stunde überschreiten, folgendermaßen zuzuweisen:

20% werden der BNT Ether Reserve zugewiesen, um die Liquidität von BNT weiter zu verbessern. Diese Maßnahme erhöht die Stabilität bei gleichzeitiger Verringerung der Konvertierungskosten (Kursslippage) für alle.

80% werden für zwei Jahre in einem Smart Contract verriegelt, welcher BNT für 0.01 ETH (Emissionspreis) falls verfügbar zurückkauft, gemäß dem berechneten Preis. Die gekauften BNT werden dem Langzeitbudget der Stiftung hinzugefügt und nach Ablauf der zweijährigen Periode werden alle übrig gebliebenen ETH pro rata entsprechend dem „Use of Proceeds“ Chart in unseren Token Creation Terms verteilt.

Wir glauben, dass dieses Modell einen Preisboden errichten kann, welcher die Bedenken einiger Communitymitglieder, denen wir genau zuhörten, adressiert: dass ein großes Beteiligungsevent möglicherweise zu einem Post-Fundraiser Preisabfall unter den Emissionspreis führen könnte, aufgrund der gesättigten Nachfrage und des immergrünen Angebots. Uns gefällt dieses neue Modell noch besser, und wir bedanken uns bei der Community, die uns dazu herausgefordert hat, es zu verbessern.

Bancor in Qoin sta združila moči, da skupaj razvijeta platformo za valute skupnosti

Bancor in Qoin sta sklenila partnerstvo, katerega namen je globalna rast in povezljivost valut skupnosti. Namen je kreacija dinamičnih lokalnih skupnosti, ki trajajo in so med seboj povezane. Skupaj želimo dati ljudem nazaj moč nad denarjem, s čimer lahko vsi pridobijo nekaj pod globalizacije, pri temu pa se ustvarjajo močne lokalne skupnosti.

Qoin ima več kot 20 let izkušenj pri vzpostavljanju in upravljanju z valutami skupnosti po svetu. Najnovejša predstavitev je bila SamenDoen, samovzdržna platforma lokalne skupnosti Zahodnih regij, ki so potrebovale pomoč za boj proti negativnim učinkom globalizacije. SamenDoen je v lokalni lasti z namenom ponuditi valuto preko Qoin modela valute kot storitve (CaaS).

Bancor ponuja mehanizem in platformo, ki funkcionirata kot prvi omrežni žeton, katerega namen je povezati dolgi rep valute skupnosti z globalnim valutnim omrežjem. Navdihnil je prišel iz ekonomskega modela Keynesa med drugo svetovno vojno, kar nas lahko popelje v bolj stabilno globalno ekonomijo, kjer lahko s tem pridobijo vsi, ne samo nekateri.

‘’Qoin ponosno oznanja sodelovanje z Bancor-jem, ki bo omogočil precej hitrejšo splavitev skupnostnih valut na Zahodu, prav tako pa vodil povezovanje v Afriki, v Amerikah in Aziji v kratkem ter srednjeročnem obdobju’’ je rekel Roel Wolfert, glavni izvršni direktor in odgovorni za sodelovanje pri Qoin-u. ‘’Kmalu bomo objavili prvo konkretno valuto, ki jo bomo splavili preko Bancor platforme v letu 2017.’’

‘’Ustanovitelji Bancor-ja razvijajo rešitve za valute skupnosti že od leta 2013. Bancor protokol omogoča prvič kreacijo konstantne likvidnosti valut skupnosti. Zelo smo zadovoljni, da lahko sodelujemo s Qoin-om, saj verjamemo, da njihove široke izkušnje na tem področju lahko pomagajo pripeljati valute skupnosti k kripto ekonomiji.’’

O Qoin-u

Qoin pomaga graditi živahne lokalne skupnosti na dolgi rok. S predstavitvijo lokalnih valut skupnosti pomaga državljanom, podjetjem, vladam in institucijam pri ko-kreaciji in splavitvi pomenljivih učinkov za družbo, okolje in ekonomijo.

Qoin pomaga iniciativam od ideje do realizacije in operative z javnim vidikom dosega lokalnih učinkov. Za več informacij si poglejte www.qoin.com ali pa kontaktirajte Roela Wolferta na +3120–717 35 05 ali +316–11887557.

Topluluk para birimleri için Bancor ve Qoin platform sağlamadaki ortaklığı

Bancor ve Qoin, topluluk para birimlerinin gelişmesini ve bağlantısını küresel olarak yönlendirmeyi amaçlayan bir ortaklık kurdu. Amaç birbirine bağlanmış canlı lokal topluluklar oluşturmak. Birlikte, insanlara küreselleşmeden fayda sağlamaya ve aynı anda güçlü lokal topluluklar yaratmaya yardım eden insanlara para üzerinde tekrar güç verilmesini amaçlıyoruz.

Qoin, dünya çapında topluluk para birimlerini kurma ve işletme konusunda 20 yılı aşkın deneyime sahiptir. Qoin, küreselleşmenin olumsuz etkilerini dengelemek için yardıma ihtiyaç duyan Batı bölgeleri için kendini destekleyen bir topluluk para platformu olan SamenDoen’u sundu. SamenDoen, Qoin’in Hizmet Olarak Para Birimi (Currency As A Service — CaaS) dağıtım modeli aracılığıyla sunulan, lokal olarak sahip olunan, amaca yönelik bir para birimidir.

Qoin powers Bixton Pound, Bristol Pound, SoNantes, SamenDoen ve Makkie

Bancor, topluluk para birimlerinin long-tail olarak küresel para birimlerine bağlamak olan ilk ağ tokeni olarak işlev gören mekanizma ve platform sağlar. İkinci dünya savaşı sırasında Keynes’in önerdiği ekonomik modellerden esinlenerek, herkesin fayda sağlayabileceği daha istikrarlı bir küresel ekonomiye yol açabilir.

Roel Wolfert (İşletme Sorumlusu ve Qoin’deki ortaklıklardan sorumlu) şunları söyledi: “Qoin, Bancor’la bu işbirliğini açıklamaktan gurur duyar, Batı’daki topluluk para birimlerinin çok daha hızlı yayılmasının yanı sıra kısa vadede Afrika, Amerika ve Asya’ya da bağlantı sağlayacak” ve “2017'de Bancor platformu aracılığıyla piyasaya sürülecek ilk somut para birimini yakında duyuracağız.”

“Bancor’un kurucuları, 2013'ten beri topluluk para birimleri için çözümler uyguluyor. Bancor protokolü, ilk kez sürekli likit topluluk para birimlerinin oluşturulmasını sağlıyor. Alanındaki engin deneyimlerinin kripto ekonomisine topluluk para birimleri getirmesinde yardımcı olacağına inandığımız için, Qoin ile ortak olmaktan memnunuz “dedi.

Qoin Hakkında

Qoin, uzun vadede canlı lokal topluluklar kurmaya yardımcı olur. Lokal olarak sahip olunan ve lokal olarak çalıştırılan topluluk para birimlerini tanıtarak, vatandaşlarımızın, işletmelerimizin, hükümetlerin ve kurumların sosyal, çevresel ve ekonomik alanlarda birlikte anlamlı yaratıcı etkiler yaratmalarına ve sunmalarına yardımcı oluruz.

Daha fazla bilgi için lütfen www.qoin.com adresini kontrol edin veya Roel Wolfert ile iletişime geçin: + 3120–717 35 05 veya + 316–11887557.

Topluluk para birimleri için Bancor ve Qoin platform sağlamadaki ortaklığı

Bancor ve Qoin, topluluk para birimlerinin gelişmesini ve bağlantısını küresel olarak yönlendirmeyi amaçlayan bir ortaklık kurdu. Amaç birbirine bağlanmış canlı lokal topluluklar oluşturmak. Birlikte, insanlara küreselleşmeden fayda sağlamaya ve aynı anda güçlü lokal topluluklar yaratmaya yardım eden insanlara para üzerinde tekrar güç verilmesini amaçlıyoruz.

Qoin, dünya çapında topluluk para birimlerini kurma ve işletme konusunda 20 yılı aşkın deneyime sahiptir. Qoin, küreselleşmenin olumsuz etkilerini dengelemek için yardıma ihtiyaç duyan Batı bölgeleri için kendini destekleyen bir topluluk para platformu olan SamenDoen’u sundu. SamenDoen, Qoin’in Hizmet Olarak Para Birimi (Currency As A Service — CaaS) dağıtım modeli aracılığıyla sunulan, lokal olarak sahip olunan, amaca yönelik bir para birimidir.

Qoin powers Bixton Pound, Bristol Pound, SoNantes, SamenDoen ve Makkie

Bancor, topluluk para birimlerinin long-tail olarak küresel para birimlerine bağlamak olan ilk ağ tokeni olarak işlev gören mekanizma ve platform sağlar. İkinci dünya savaşı sırasında Keynes’in önerdiği ekonomik modellerden esinlenerek, herkesin fayda sağlayabileceği daha istikrarlı bir küresel ekonomiye yol açabilir.

Roel Wolfert (İşletme Sorumlusu ve Qoin’deki ortaklıklardan sorumlu) şunları söyledi: “Qoin, Bancor’la bu işbirliğini açıklamaktan gurur duyar, Batı’daki topluluk para birimlerinin çok daha hızlı yayılmasının yanı sıra kısa vadede Afrika, Amerika ve Asya’ya da bağlantı sağlayacak” ve “2017'de Bancor platformu aracılığıyla piyasaya sürülecek ilk somut para birimini yakında duyuracağız.”

“Bancor’un kurucuları, 2013'ten beri topluluk para birimleri için çözümler uyguluyor. Bancor protokolü, ilk kez sürekli likit topluluk para birimlerinin oluşturulmasını sağlıyor. Alanındaki engin deneyimlerinin kripto ekonomisine topluluk para birimleri getirmesinde yardımcı olacağına inandığımız için, Qoin ile ortak olmaktan memnunuz “dedi.

Qoin Hakkında

Qoin, uzun vadede canlı lokal topluluklar kurmaya yardımcı olur. Lokal olarak sahip olunan ve lokal olarak çalıştırılan topluluk para birimlerini tanıtarak, vatandaşlarımızın, işletmelerimizin, hükümetlerin ve kurumların sosyal, çevresel ve ekonomik alanlarda birlikte anlamlı yaratıcı etkiler yaratmalarına ve sunmalarına yardımcı oluruz.

Daha fazla bilgi için lütfen www.qoin.com adresini kontrol edin veya Roel Wolfert ile iletişime geçin: + 3120–717 35 05 veya + 316–11887557.

Bancor at Qoin partner para maghatid ng plataporma para sa kommyunidad ng mga pera

Bancor at Qoin pumasok sa sosyohang layuning sa pandaigdigang pagmamaneho ng paglaki at ugnayan ng kommyunidad sa mga pera. Ang layuning ito ay para makalikha ng makulay na lokal na mga kommyunidad na tatagal at konektado sa bawat isa. Magkasama, layunin namin na magbigay sa tao ng kapangyarihan sa pera uli, tutulungan silang makinabang mula sa pandaigdigan at paglikha ng malakas na lokal na mga kommyunidad sa parehong oras.

Qoin ay may higit na 20 taong karanasan sa pagset-up at pagpapatakbo ng kommyunidad ng mga pera sa buong mundo. Kamakailan lamang Qoin ay pinakilala ang SamenDoen, sariing-nagpapalakas na kommyunidad na perang platoporma para sa Kanlurang mga rehiyon na kailangang tulungan para panimnangin ang negatibong mga epekto ng globalisasyon. SamenDoen ay lokal na pagmamay-ari, layuning-magmamanehong pera ibenibenta sa pamamagitan ng Qoin’s “Currency As A Service” (CaaS) paghatid na modelo.

Qoin powers Bixton Pound, Bristol Pound, SoNantes, SamenDoen and Makkie

Bancor nagbibigay ng mekanismo at plataporma na nagtratrabaho bilang unang network token, na layuning ay para iugnay ang mahabang buntot ng kommyunidad na mga pera sa global network ng pera. Inspirado ng ekonomiyang mga modelo iminungkahi ng Keynes nong pangalawang buong mundong giyera, ito ay dalhin sa mas matatag ng global ekonomiya kung saan lahat ay maaring makinabang kaysa sa ilan.

“Qoin ay pinagmamalaking ianunsyo itong kooperasyon sa Bancor, dahil ito’y makakayang mas mapabilis na ilabas ng kommyunidad na mga pera sa Kanluran ganundin itataas ang kaugnayan sa Africa, sa America at Asia sa maikli hanggang makamtamang termino ” sabi ni Roel Wolfert, Chief Operating Officer at responsable para sa sosyohan sa Qoin. “Iaanunsyo namin ang unang konkretong pera na ilulunsad sa pamamagitan ng Bancor platoporma sa 2017.”

“Ang mga tagapagtatag ng Bancor ay naglalabas ng mga solusyon para sa kommyunidad mga pera simula noong 2013. Ang Bancor protocol makakaya ang paglikha ng tuluy-tuloy na madaling ipagpalit na kommyunidad mga para sa unang pagkakataon. Kami ay natutuwang makipagpartner sa Qoin, dahil kami ay naniniwala sa kanilang malawak na karanasan sa larangan ay magiging instrumento sa pagdala ng kommyunidad na pera sa crypto-ekonomiya.”

Tungkol sa Qoin

Qoin tumutulong gawing makulay ang lokal na mga kommyunidad para sa mahabang termino. Sa pagpapakilala ng lokal na nagmamay-ari at lokal na tumatakbong kommyunidad na mga pera nakakatulong kami sa mga mamamayan, negosyo, gobyerno at mga instituto para lumikha at magdala ng makabuluhang malakas na epekto sa sosyal, kapaligiran at ekonomiyang domains.

Qoin tumutulong sa mga inishatibo mula sa ideya ng matagumpay na pagpapatupad at operasyon, na may malinaw na mata para abutin ang kagustuhang lokal na malakas na mga epekto. Para sa mas maraming impormasyon pakiusap tignan ang www.qoin.com o kontak Roel Wolfert: +3120–717 35 05 o +316–11887557.

Bancor and Qoin partner to deliver platform for community currencies

Bancor and Qoin have entered a partnership aimed at globally driving the growth and connectivity of community currencies. The purpose is to create vibrant local communities that last and are inter-connected with one another. Together, we aim at giving people power over money again, helping them to benefit from globalization and creating strong local communities at the same time.

Qoin has over 20 years of experience in setting-up and running community currencies around the world. Most recently Qoin has introduced SamenDoen, a self-sustaining community currency platform for Western regions that need help to counterbalance the negative effects of globalization. SamenDoen is a locally owned, purpose-driven currency offered via Qoin’s Currency As A Service (CaaS) delivery model.

Qoin powers Bixton Pound, Bristol Pound, SoNantes, SamenDoen and Makkie

Bancor provides the mechanism and platform that functions as the first network token, whose purpose is to connect the long tail of community currencies into the global currency network. Inspired by economic models proposed by Keynes during the second world war, this could lead to a more stable global economy where everybody can benefit rather than few.

“Qoin is very proud to announce this cooperation with Bancor, as it will enable a much faster roll-out of community currencies in the West as well as drive connectivity into Africa, the Americas and Asia in the short to mid term” said Roel Wolfert, Chief Operating Officer and responsible for partnerships at Qoin. “We will soon announce the first concrete currency that will be launched via the Bancor platform in 2017.”

“Bancor’s founders have been deploying solutions for community currencies since 2013. The Bancor protocol enables the creation of continuously liquid community currencies for the first time. We are delighted to partner with Qoin, as we believe their vast experience in the field will be instrumental in bringing community currencies to the crypto-economy.”

About Qoin

Qoin helps to build vibrant local communities for the long term. By introducing locally owned and locally run community currencies we help citizens, business, government and institutions to co-create and to deliver meaningful impacts in social, environmental and economic domains.

Qoin helps initiatives from idea to successful realization and operation, with a clear eye for reaching desired local impacts. For more information please check www.qoin.com or contact Roel Wolfert: +3120–717 35 05 or +316–11887557.


Bancor and Qoin partner to deliver platform for community currencies was originally published in The Bancor Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Mutual Credit Clearing System

The Mutual Credit Clearing System: An Idea to avoid the consequences of financial crises in Business

Photo: Jose Tenorio

We are so accustomed to using and needing money for everything that we find it hard to imagine how we could operate without it. And it yet worse in the business world.

What if I tell you that for 80 years a group of small and medium Swiss entrepreneurs have exchanged goods and services between them without money created by their central bank (Swiss francs)? and what if this system has allowed them to emerge unscathed from the economic crises that have affected both businesses (and citizens) in other parts of the world?

It is not fiction; it is a reality. And it works. But as it often happens with transformative ideas that challenge the status quo: not many people talk about them.

So in this post I will tell you how this wonderful idea works: The Mutual Credit Clearing System. Let’s start with the example of this group of Swiss entrepreneurs and their invention: the WIR Bank.

The Mutual Credit Clearing System and the WIR Bank

The WIR Bank was created in Switzerland in 1934, as a cooperative focused on improving conditions for small and medium Swiss businessmen, although after 2000 and thanks to its success, it also began to offer services to a wider audience.

After the Great Depression in the US, the Swiss economy was in serious trouble: thousands of people suffering from unemployment and small and medium enterprises with serious economic problems.

In this context, 17 business owners decided to act and seek a solution that would allow them to stay afloat, rather than sit and wait for someone in government to do something… or worse, until their business is in bankrupt.

The solution they implemented was to create a credit union that would allow them access to money even when traditional banks circulated very little because of the crisis.

The word WIR comes from Wirtschaftsring which means economic circuit. In addition, the word WIR in German means “we”. ¿Nice name, ah?

The basic elements of a Mutual Credit Clearing System

Mutual Credit Clearing System sounds like a tongue twister, but in reality, it is very useful to unlock economies.

The system works very simply: debits cancel your account credits, in other words, sales cancel purchases. When you sell something, your account balance increases (you receive credit). When you buy something, your account balance decreases (you experience a debit).

I steal the following phrase from Wikipedia (in Spanish) because it explains the idea very well:

“The effect is like a loan without interest, any debt becomes income for other members of the system, and the total sum of all balances in the system is zero.”

In short, those who participate in the system know that by selling their products, they receive a credit that they can later use to buy other products and services from other participants of the system.

Likewise, the person who makes a purchase and ends with a debit in their account, can then sell a product or service and “tie”.

When creating the system participants must agree on certain basic points:

  • Each person involved must have an account in the system
  • The two people who make the transaction must agree on the price of the product or service and on its quality.
  • The sale amount is credited to the seller’s account.
  • The same purchase amount is debited from the customer’s account.
  • If a person has a debit to his account, he or she must sell something to compensate.
  • If a person has a credit, he or she should buy something to compensate.

These are the basic elements.

Of course, the creativity of human beings is infinite and, sadly, is often used to abuse the good ideas. If a person enters the system, purchases products and services and then leaves, he would be abusing the trust of others by not providing or selling anything later.

The community or group that is implementing the system can create rules to prevent this type of behavior, for example, a maximum amount of debit account and a maximum period of time to compensate.

How does the WIR Bank work?

The WIR is a complementary currency created by business owners who decided to partner. They define, only as a reference, than 1 WIR is equivalent to 1 Swiss franc. The WIR is not convertible for francs but this allows them to better represent its value.

The system requires that each participant give a guarantee at registration (to prevent those who want to “play smart”, as I mentioned before). They have special rules and monitoring to prevent abuse.

Each participating business is free to decide the amount of WIR accepted for their products or services. It can be 100% of the price or only a portion (example: 50% in WIR and 50% in Swiss francs).

All participants have access to a database where they can search for products and services offered by other participants of the system (like a market place). Currently, more than 60,000 small and medium businesses use it, and now the idea is also being implemented in other parts of the world, as with Bangla-Pesa in Kenya.

To keep learning

This post is too little to put in all the details, but I invite you to learn more about this system in the eBook: This is the Mutual Credit Clearing System.

It is important that we learn more about these solutions and start thinking how to implement them to solve our daily problems.

The solutions are out there, you just have to brace up!


The Mutual Credit Clearing System was originally published in Sustainability School Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Mutual Credit Clearing System

The Mutual Credit Clearing System: An Idea to avoid the consequences of financial crises in Business

Photo: Jose Tenorio

We are so accustomed to using and needing money for everything that we find it hard to imagine how we could operate without it. And it yet worse in the business world.

What if I tell you that for 80 years a group of small and medium Swiss entrepreneurs have exchanged goods and services between them without money created by their central bank (Swiss francs)? and what if this system has allowed them to emerge unscathed from the economic crises that have affected both businesses (and citizens) in other parts of the world?

It is not fiction; it is a reality. And it works. But as it often happens with transformative ideas that challenge the status quo: not many people talk about them.

So in this post I will tell you how this wonderful idea works: The Mutual Credit Clearing System. Let’s start with the example of this group of Swiss entrepreneurs and their invention: the WIR Bank.

The Mutual Credit Clearing System and the WIR Bank

The WIR Bank was created in Switzerland in 1934, as a cooperative focused on improving conditions for small and medium Swiss businessmen, although after 2000 and thanks to its success, it also began to offer services to a wider audience.

After the Great Depression in the US, the Swiss economy was in serious trouble: thousands of people suffering from unemployment and small and medium enterprises with serious economic problems.

In this context, 17 business owners decided to act and seek a solution that would allow them to stay afloat, rather than sit and wait for someone in government to do something… or worse, until their business is in bankrupt.

The solution they implemented was to create a credit union that would allow them access to money even when traditional banks circulated very little because of the crisis.

The word WIR comes from Wirtschaftsring which means economic circuit. In addition, the word WIR in German means “we”. ¿Nice name, ah?

The basic elements of a Mutual Credit Clearing System

Mutual Credit Clearing System sounds like a tongue twister, but in reality, it is very useful to unlock economies.

The system works very simply: debits cancel your account credits, in other words, sales cancel purchases. When you sell something, your account balance increases (you receive credit). When you buy something, your account balance decreases (you experience a debit).

I steal the following phrase from Wikipedia (in Spanish) because it explains the idea very well:

“The effect is like a loan without interest, any debt becomes income for other members of the system, and the total sum of all balances in the system is zero.”

In short, those who participate in the system know that by selling their products, they receive a credit that they can later use to buy other products and services from other participants of the system.

Likewise, the person who makes a purchase and ends with a debit in their account, can then sell a product or service and “tie”.

When creating the system participants must agree on certain basic points:

  • Each person involved must have an account in the system
  • The two people who make the transaction must agree on the price of the product or service and on its quality.
  • The sale amount is credited to the seller’s account.
  • The same purchase amount is debited from the customer’s account.
  • If a person has a debit to his account, he or she must sell something to compensate.
  • If a person has a credit, he or she should buy something to compensate.

These are the basic elements.

Of course, the creativity of human beings is infinite and, sadly, is often used to abuse the good ideas. If a person enters the system, purchases products and services and then leaves, he would be abusing the trust of others by not providing or selling anything later.

The community or group that is implementing the system can create rules to prevent this type of behavior, for example, a maximum amount of debit account and a maximum period of time to compensate.

How does the WIR Bank work?

The WIR is a complementary currency created by business owners who decided to partner. They define, only as a reference, than 1 WIR is equivalent to 1 Swiss franc. The WIR is not convertible for francs but this allows them to better represent its value.

The system requires that each participant give a guarantee at registration (to prevent those who want to “play smart”, as I mentioned before). They have special rules and monitoring to prevent abuse.

Each participating business is free to decide the amount of WIR accepted for their products or services. It can be 100% of the price or only a portion (example: 50% in WIR and 50% in Swiss francs).

All participants have access to a database where they can search for products and services offered by other participants of the system (like a market place). Currently, more than 60,000 small and medium businesses use it, and now the idea is also being implemented in other parts of the world, as with Bangla-Pesa in Kenya.

To keep learning

This post is too little to put in all the details, but I invite you to learn more about this system in the eBook: This is the Mutual Credit Clearing System.

It is important that we learn more about these solutions and start thinking how to implement them to solve our daily problems.

The solutions are out there, you just have to brace up!


The Mutual Credit Clearing System was originally published in Sustainability School Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin Isn’t It. CloudBanks are our future currency.

We have struggled throughout human history to find a good currency. Salt was it, for most of the people who ever lived. Gold and silver were the medium of choice among merchants for millennia, because they are portable, durable, and have verifiable quality and quantity. Fiat currencies have taken hold, in recent decades, because of a blind faith in states’ interests. Block chain ‘coins’ hoped to provide an alternative, and have succeeded somewhat, if only because fiat currencies are so horrifically deficient and easily devalued.

There is an alternative: materials-backed currencies.

Some have suggested water-backed currency, which fails the portability and verifiable-quality tests; Edison, as I recall, mentioned real estate as a viable currency, though regulations, eminent domain, and entailments make it subject to states’ whims, again. What alternative stands out? And how might this alternative do MORE than traditional currencies?

To escape the traps of application-less block chain coins (oh, our squandered processing power!) and state-subjugated fiat monies, we must adopt a form of capital good as our currency. The value of such a currency is backed, and kept from collapse, by the real utility of the capital, itself. And, that capital, held as currency, produces a yield — unlike dollars, gold, or bitcoins. So, what capital can best substitute as currency?

The CloudBank:

The world runs on compute. And, that real value is generated by processors. If a processor was a valid form of currency, it would not only meet the criteria of portability, durability, and verifiability — it would earn a dividend.

Imagine: you convert dollars to processors, buying a ‘share’ of a corporation’s Cloud servers. You now own that ‘share’ as a form of currency. When those servers are used for business and personal applications, dollars come in. Like a cow or field of corn (the original ‘stocks’), your currency grows and gives back. Your ‘money’ is earning interest from inside its ‘CloudBank’.

No Federal Reserve:

Unlike dollars, processor-currency cannot be artificially devalued. And, unlike dollars, processor-currency does not need to be produced by a monopolistic and un-audited entity! Any chip manufacturer or server-farm operator could offer its CloudBank as an investment platform. Global supply-and-demand fixes the value of the currency relative to other goods and services.

Yes, it is true that improvements in chip technology would lead to a marginal loss in value of older chips. (This is not a problem unique to processor-currency or capital-currencies in general: we keep mining gold, silver and bitcoins, and governments keep printing higher volumes of paper monies…) I expect that, because these server farms are already a valuable investment for businesses, the dividend earned on a CloudBank would more than compensate for the loss due to Moore’s Law.

Additionally, if CloudBanks became a staple for international currency traders and businesses, as a means for mediating the exchange of other goods and services, that additional demand for processors would provide a greater incentive to improve computing power and cloud services. As compute becomes cheaper, we manage to find a greater volume of applications for it, and we are unlikely to saturate any time soon. (Jeff Dean needs half, for his neural networks…) Demand for processor-currency would boost the supply of clouds of servers, lowering the margin on compute costs for end users, to the extent that more applications are worth putting onto the cloud. (That’s a virtuous cycle I could invest in!)

Amazon, would you like to take my dollars, and issue a CloudBank card for B2B purchases? Your currency would be more stable, and less prone to hacks, devaluations, shock corrections and politics, than Bitcoin or rubles. And, this would make your cloud services run on capital that was paid for by international traders, instead of your own cash reserves. Whether you do it or not, Baidu may soon.

Bitcoin Isn’t It. CloudBanks are our future currency.

We have struggled throughout human history to find a good currency. Salt was it, for most of the people who ever lived. Gold and silver were the medium of choice among merchants for millennia, because they are portable, durable, and have verifiable quality and quantity. Fiat currencies have taken hold, in recent decades, because of a blind faith in states’ interests. Block chain ‘coins’ hoped to provide an alternative, and have succeeded somewhat, if only because fiat currencies are so horrifically deficient and easily devalued.

There is an alternative: materials-backed currencies.

Some have suggested water-backed currency, which fails the portability and verifiable-quality tests; Edison, as I recall, mentioned real estate as a viable currency, though regulations, eminent domain, and entailments make it subject to states’ whims, again. What alternative stands out? And how might this alternative do MORE than traditional currencies?

To escape the traps of application-less block chain coins (oh, our squandered processing power!) and state-subjugated fiat monies, we must adopt a form of capital good as our currency. The value of such a currency is backed, and kept from collapse, by the real utility of the capital, itself. And, that capital, held as currency, produces a yield — unlike dollars, gold, or bitcoins. So, what capital can best substitute as currency?

The CloudBank:

The world runs on compute. And, that real value is generated by processors. If a processor was a valid form of currency, it would not only meet the criteria of portability, durability, and verifiability — it would earn a dividend.

Imagine: you convert dollars to processors, buying a ‘share’ of a corporation’s Cloud servers. You now own that ‘share’ as a form of currency. When those servers are used for business and personal applications, dollars come in. Like a cow or field of corn (the original ‘stocks’), your currency grows and gives back. Your ‘money’ is earning interest from inside its ‘CloudBank’.

No Federal Reserve:

Unlike dollars, processor-currency cannot be artificially devalued. And, unlike dollars, processor-currency does not need to be produced by a monopolistic and un-audited entity! Any chip manufacturer or server-farm operator could offer its CloudBank as an investment platform. Global supply-and-demand fixes the value of the currency relative to other goods and services.

Yes, it is true that improvements in chip technology would lead to a marginal loss in value of older chips. (This is not a problem unique to processor-currency or capital-currencies in general: we keep mining gold, silver and bitcoins, and governments keep printing higher volumes of paper monies…) I expect that, because these server farms are already a valuable investment for businesses, the dividend earned on a CloudBank would more than compensate for the loss due to Moore’s Law.

Additionally, if CloudBanks became a staple for international currency traders and businesses, as a means for mediating the exchange of other goods and services, that additional demand for processors would provide a greater incentive to improve computing power and cloud services. As compute becomes cheaper, we manage to find a greater volume of applications for it, and we are unlikely to saturate any time soon. (Jeff Dean needs half, for his neural networks…) Demand for processor-currency would boost the supply of clouds of servers, lowering the margin on compute costs for end users, to the extent that more applications are worth putting onto the cloud. (That’s a virtuous cycle I could invest in!)

Amazon, would you like to take my dollars, and issue a CloudBank card for B2B purchases? Your currency would be more stable, and less prone to hacks, devaluations, shock corrections and politics, than Bitcoin or rubles. And, this would make your cloud services run on capital that was paid for by international traders, instead of your own cash reserves. Whether you do it or not, Baidu may soon.

Help Wanted

Bitcoin makes everyone their own bank. Bitcoin can stop wars. Bitcoin is the solution to scams. Bitcoin will prevent fraud. Bitcoin is a superior product to other blockchain-based currencies. Bitcoin is a currency. Bitcoin is an asset. Drop all these statements in a hat and pull one out; you can fin...

The post Help Wanted appeared first on CoinReport.

Russia Finally Stops Opposing Bitcoin and Plans To Legitimize Cryptocurrency By 2018

Russia is a country has never seen eye-to-eye with bitcoin up until now. Several legal proposals have been drafted which could have lead to jail time. Thankfully, it appears regulators have come to their senses, as bitcoin users in Russia no longer need to fear jail time. In fact, the country may turn bitcoin into … Continue reading Russia Finally Stops Opposing Bitcoin and Plans To Legitimize Cryptocurrency By 2018

The post Russia Finally Stops Opposing Bitcoin and Plans To Legitimize Cryptocurrency By 2018 appeared first on NEWSBTC.

Retail Majors in Japan Rush to Adopt Bitcoin Payments

Beginning April 2017, Bitcoin gained the legal status of currency in Japan. As the cryptocurrency revolution gathers storm in the country, the Japanese retail outlets are moving fast to capitalize on the technology and economic shift by including Bitcoin as an additional payment option. According to a report on one of the Japanese business media … Continue reading Retail Majors in Japan Rush to Adopt Bitcoin Payments

The post Retail Majors in Japan Rush to Adopt Bitcoin Payments appeared first on NEWSBTC.