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Referral, MLM, & Network Marketing Discussion Topics
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Key Opinion Leaders (KOL & Influencer Marketing)

Influencer Marketing 101 Content Creators: Learn how to turn your passion for social media into a full time job, become famous, and rule the world! Companies: Find influencers, and chat with others to learn how to use influencer marketing expert! *KOL stands for Key Opinion Leader and is the proper term for what is known in the west as Influencer Marketing
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CryptoCurrencies

We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!
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Top 10 Ways To Make Money With Cryptocurrency By Trading

Top 10 Ways To Make Money With Cryptocurrency By Trading
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Cryptocurrencies need no introduction. In more than ten years, it has managed to become one of the most revolutionary changes in the work of digital transactions. However, when it comes to its applications, cryptocurrency has become a key attraction for many investors. When we talk about cryptocurrency, Bitcoin becomes a default choice. Although more than 5000 cryptocurrencies are floating in the market, Bitcoin remains the apple of the eye of many investors. So, here we are going to discuss what are the ten ways of making money with cryptocurrency or Bitcoin.
10 Ways To Make Money Using Cryptocurrency Trading :
1. HODLing- Buy and Hold Bitcoin- This is a simple rule of trading wherein the investor buys Bitcoin or cryptocurrency with an intent to hold it for a long time and then selling it in the future. It is a kind of long-term investment.
2. Bitcoin Arbitrage- In this, the investor buys Bitcoin at a low price from the cheapest exchange and then selling it at a higher price on another exchange. The difference in the price between the two platforms becomes the low-risk profit for the arbitrate trader.
3. Bitcoin futures trading- It allows the traders to assess the pricing of Bitcoin without actually owning the cryptocurrency. It works on betting long or short against the price of Bitcoin, or other cryptocurrencies.
4. Bitcoin solo mining- If you have a setup of a Bitcoin miner, then you can start as a solo-miner. You would need massive hash rates for this.
5. Bitcoin mining pools- It happens when different miners come together to increase the hashpower, it eventually helps in generating Blocks faster as the difficulty becomes more.
6. Bitcoin cloud mining- If you want to start mining in Bitcoin, then there is an option of hiring mining equipment in a remote location. The mining takes place remotely where it is affordable to mine.
7. Bitcoin network marketing- Different companies are offering bitcoin mining investment via structure where people get a commission on referral. These systems combine cryptocurrencies and network marketing.
8. Bitcoin affiliate programs- There are cryptocurrency companies that also give rewards in Bitcoin to the people who refer to a new customer. You can join any Bitcoin affiliate program and connect with other users on social media. For example, you can join the Bitcoin affiliate program, and then create YouTube videos about the product.
9. Bitcoin faucets- These are websites where you pay in Satoshis ( the smallest fraction of a bitcoin, 0.00000001 BTC)to complete a task like downloading the apps, completing the survey, or watching ads or videos.
10. Binary Trading with bitcoin- These have been there in the world of finance for a long time, and now it is moving in the world of cryptocurrencies. For example, you have two options to choose for Bitcoin price is $3000 now (at 10 AM), or you can invest in price, which is more than $3000 by 6 PM. Say the price of Bitcoin is higher than $3000 at 5 PM, then you can sell it at this time.
Conclusion- These are a few of the ways that help you make money and earn more with Bitcoin or cryptocurrency.
submitted by Blockchain_org to BlockchainStartups [link] [comments]

CRYPTODEVELOPERS IS THE BEST BITCOIN MLM SOFTWARE DEVELOPMENT COMPANY!#1

we have covered most of the parts in Bitcoin Integrated MLM programs and a common instruction on how to start with Bitcoin. but, have you got any idea of where this Bitcoin can be stored. Space, where Bitcoins are stored in bitcoin network marketing software, is called "Bitcoin wallet".
So, what about you? Isn't this the right time to implement Bitcoin MLM Software, the best multi-level marketing company to make your users in the network for the best payment as well as new bitcoin investment plan that will create a great depth touch for your business.
Read more about cryptodevelopers bitcoin mlm software
submitted by cryptodeveloperseu to u/cryptodeveloperseu [link] [comments]

Social Growth To Get Financial Success

Social Growth To Get Financial Success
Bitcoin is digital currencies not backed by real assets or tangible securities.
They are traded between consenting parties with no broker and tracked on digital ledgers...
Visit here for more info: www.posco.network
Follow us on Twitter: https://twitter.com/PoscoNetwork,
Join our telegram: t.me/posconetwork #PoscoNetwork
#cryptocurrency #blockchainSecurity #digitalCurrency #bitcoin #networkMarketing #trustworthyPlatform #cryptoTrading
Social Growth To Get Financial Success
submitted by PoscoNetwork to u/PoscoNetwork [link] [comments]

Worried about the security of money ?

Worried about the security of money ?
Worried about the security of money ???
We are presenting POSCO NETWORK as the safest network
With the security of block chain technology.
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join our telegram - t.me/posconetwork
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100% Security Of Financial Growth
submitted by PoscoNetwork to u/PoscoNetwork [link] [comments]

We have passed a bullish week. The Crypto and DeFi market value decreased to more than 10%. On the other hand, overall transactions on Bitcoin and cryptocurrency networks reached 3.1 billion. Check the crypto stories and summary insights of last week! Know more about us: https://bitcurate.com/

We have passed a bullish week. The Crypto and DeFi market value decreased to more than 10%. On the other hand, overall transactions on Bitcoin and cryptocurrency networks reached 3.1 billion. Check the crypto stories and summary insights of last week! Know more about us: https://bitcurate.com/ submitted by mirrasel to Bitcurate [link] [comments]

DDK Management Clarification on Articles Published by “BCFocus” and “Bitcoin Exchange Guide”

DDK Management has come across with two articles that were published on 10th December 2018 and 11th December 2018 respectively by “BCFocus” and “Bitcoin Exchange Guide” that contains misleading information, details, and allegations on DDK. Here, we would like to clarify that the writers have written up seriously false allegations and inaccurate representation of our team and products where the team has decided to issue an official letter to them to withdraw and make corrections where necessary, on those published articles. To read more click here: https://blog.ddkoin.com/?p=364
submitted by DirhamDinar to u/DirhamDinar [link] [comments]

Cryptocurrency Payment Gateway Development Company in Malaysia

Cryptocurrency Payment Gateway Development Company in Malaysia
Create your Own Customizable & Scalable Virtual Currency Exchange Trading Software. All Currency Transactions, Fund Management, Escrow System and Wallet Integration. Types: Startup Exchange, Mid-Sized Exchange, Finance Competitor. Bitcoin API Scripts Developers in Malaysia.

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Hire blockchain developer to create your own crypto-currency during 3 days. End to End Solution. 24*7 Supports. Free Whitepaper Audit. Wallet Setup & Coin Drop. Services: ICO Development, Security Token Offering, ICO Marketing, Hyper ledger Development.
Faster Cryptocurrency Development. End-to-End Support. Team of Experts. Get Quote. ICO Consulting. Whitepaper Drafting. Competitive Prices. Pre ICO Services. Fast Delivery. 24 *7 Help & Support. Services: Security Audits, Smart Contract Audits, Legal ICOs, Smart Contracts. Cryptocurrency (Bitcoin & Blockchain) consultant in India Offers ERC20 Token Development services with ethereum developer and ICO development.
Bitcoin MLM Software Company:

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Cryptocurrency - the digital money that controls the flow of money in the digital world. The world of fiat money transactions always keep pushing the limits and the charges raised for such transaction seems to be of high value. This strategy has changed after the introduction of cryptocurrency as a medium of the transaction. So, it’s time to make that change in the world with your own digital coin. Crypto Soft Malaysia a premium and the best cryptocurrency development company offer you with much such developments as well as related services. For the best end-to-end transaction between users to investment platforms, the need of cryptocurrency does have an extensive side.
Bitcoin Network Marketing Software:

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In the Network Marketing industry, Cryptocurrency software plays a very crucial role. Since it is crucial that it should be fully authenticated and 100% accuracy with total integration. Cryptocurrency marketing software should be accurate system will calculate commissions and payments. Now a day cryptocurrency industry is a very vast industry to create software using Crypto Soft MLM system to provide better solutions for MLM software and website development services.
submitted by cryptosoftmalaysia to u/cryptosoftmalaysia [link] [comments]

The bitcoin network currently has 4.3 million mining machines run on it, yet the market is still seeing an increasing level of buying interest with 1.5 million mining equipment in want...

The bitcoin network currently has 4.3 million mining machines run on it, yet the market is still seeing an increasing level of buying interest with 1.5 million mining equipment in want... submitted by eviade8btc to BitcoinMining [link] [comments]

As warned before the recent network upgrade, Bitcoin's average transaction fee approaches now $1 again. Keep in mind that Bitcoin's fees and delays initiated its loss of market share (and the big rise of Ethereum) a few months ago.

As warned before the recent network upgrade, Bitcoin's average transaction fee approaches now $1 again. Keep in mind that Bitcoin's fees and delays initiated its loss of market share (and the big rise of Ethereum) a few months ago. submitted by barthib to btc [link] [comments]

World Crypto Network - Bitcoin Marketing Department: Day 1 - Elevator Pitches #LIVE (Skype WorldCryptoNetwork)

World Crypto Network - Bitcoin Marketing Department: Day 1 - Elevator Pitches #LIVE (Skype WorldCryptoNetwork) submitted by Yanlii to cryptovideos [link] [comments]

Augur Prediction : The network value or "market cap" of Ethereum (ETH) (as provided by coinmarketcap.com) will surpass that of Bitcoin (BTC) on or before August 1, 2017 GMT - This is the FLIPPENING!

submitted by rythereum to ethtrader [link] [comments]

World Crypto Network - Bitcoin Coffee Break (23rd May) - Markets, Faketoshi isn't Satoshi?!, $250k BTC, 1.21 Jigawatts!

World Crypto Network - Bitcoin Coffee Break (23rd May) - Markets, Faketoshi isn't Satoshi?!, $250k BTC, 1.21 Jigawatts! submitted by Yanlii to cryptovideos [link] [comments]

TRON Network Surpasses 1 Million Daily Transactions Milestone • Live Bitcoin News Tron (TRX), the #11 cryptocurrency by market cap, recently reaching a new milestone and processing more than a million transactions per day.

TRON Network Surpasses 1 Million Daily Transactions Milestone • Live Bitcoin News Tron (TRX), the #11 cryptocurrency by market cap, recently reaching a new milestone and processing more than a million transactions per day. submitted by giroth to canalstreetcapital [link] [comments]

"Huobi Labs partners with Tianya Community Network Technology and is setting up a $1 billion blockchain fund to research the Chinese market. https://t.co/5VgGMibD1e" $btc $ltc $neo $eth #btc #bitcoin #crypto #ethereum

submitted by fcukjerry to BitcoinDayTrade [link] [comments]

What about a coin vote

I think it would be interesting to do a coin vote for Segwit/BU etc. Everyone who has bitcoins can sign a message stating their allegiance and we can see how much capital votes for what solution. Of course this needs to be anonymous; voting through a TOR site should be possible. Also, it will be hard to get everyone to participate, but in general this would be a stronger voting system than whoever has currently the most mining power, which takes a significantly lower investment than the current value of the bitcoin network (market cap and other investments). What do you think?
submitted by marijnfs to Bitcoin [link] [comments]

As warned before the recent network upgrade, Bitcoin's average transaction fee approaches now $1 again. Keep in mind that Bitcoin's fees and delays initiated its loss of market share (and the big rise of Ethereum) a few months ago.

As warned before the recent network upgrade, Bitcoin's average transaction fee approaches now $1 again. Keep in mind that Bitcoin's fees and delays initiated its loss of market share (and the big rise of Ethereum) a few months ago. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

03-06 19:27 - 'Yeah, it wouldn't have even been Facebook if they were in charge. Didn't they call it HarvardConnect or something? It would've probably remained a college social network and Myspace might even still have market share today. / W...' by /u/dougbeney removed from /r/Bitcoin within 1-6min

'''
Yeah, it wouldn't have even been Facebook if they were in charge. Didn't they call it HarvardConnect or something? It would've probably remained a college social network and Myspace might even still have market share today.
What do you hate about Zuckerberg? Not doubting you, just wondering. Is it mainly because of Facebook censorship, business decisions, or something else?
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: dougbeney
submitted by removalbot to removalbot [link] [comments]

Daily Discussion, August 22, 2020

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Join us in the Bitcoin Chatroom!
Please check the previous discussion thread for unanswered questions.
submitted by rBitcoinMod to Bitcoin [link] [comments]

After seven years in Bitcoin, I have never been more confident that this network is now absolutely unstoppable. Nothing short of an extinction level event can stop Bitcoin from slowly but surely growing as a global, agnostic, alternative network for storing and transferring value.

Back in 2013 when the entire market cap hit $1 Billion for the first time, it was really scary to put a considerable amount of money in BTC. You might like Bitcoin and find it interesting but doubt would still creep up in your mind about its staying power and the fact that one bug could bring it all down. Mt. Gox got hacked, 800,000 BTC stolen, it crashed from $1200 to $190 by 2015, so how do you even believe that 5 years later it would be a sustained $200+ billion market? Yet here we are.
As long as the Bitcoin blockchain is churning out new blocks of unstoppable transactions, that's all that matters. Naysayers don't understand that this is all Bitcoin needs to do: Churn out new blocks every ten minutes. And with every new block, a monumental amount of energy and work is stacked on top of the previous block, and so on, and so forth, making it stronger. At 99.98% uptime for 11 years, it's sticky enough to now last much longer than that. This network will be transferring and storing trillions of dollars within this decade and beyond.
submitted by Godfreee to Bitcoin [link] [comments]

A Detailed Summary of Every Single Reason Why I am Bullish on Ethereum

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself on the DeFi Pulse website.

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA player Spencer Dinwiddie tokenized his own NBA contract.)

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (Jitsi for the zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to CryptoCurrency [link] [comments]

SQ

I like Square as a company and see a lot of people are bullish about it. However, a few things stop me from investing. Be interested to hear thoughts but at the moment I am a Square bear.
Management
Jack Dorsey is a visionary. I don’t think this is controversial. However, his track record at Twitter is worrying for shareholders. Be it daily active user growth, ambition with acquisitions but ultimately failure to monetise a fantastic platform where you have big corporations, celebrities and even the President reaching out to 200m daily active users for free. With Square, the closed loop business model of businesses and consumers is again a fantastic concept that could break the power of Visa/Mastercard. Execution remains to be seen, of course.
Competition
Square operate in a highly competitive field for consumers and businesses. Let’s take consumers based on Square’s fast-growing Cash App. It offers things a normal bank does like deposits, ATM access, money transfer. If it becomes a fully-fledged bank offering loans, credit; it is competing against the likes of big incumbents (e.g. JP Morgan, Bank of America). Granted they’re dinosaur firms but they already have a huge customer base that are older and, therefore, have more money and deposits. This means it is much easier for them to monetise their customers resulting in high ARPU. Why would these lucrative customers, en-masse, want to uproot their finances to Square when their existing providers will be providing the same service by copying Square, as JP Morgan have done this week? Link
For businesses, Square’s provides software offering (invoicing, PoS, online store) but face strong competition from the likes of Shopify who are taking a fully integrated service approach to SMEs which allows them to take their business online but also manage all their backend processes, including payments. This is a highly convenient service for entrepreneurs. Shopify already has 6% share of the online retail market. Square also provides hardware products which make it easy for SMEs, in particular, to take payments. However, there is evidence that retail is facing a more permanent shift in the US vs. the rest of the world with 60% less footfall today than a year ago Link. 58% of Square’s GPV is from food/drink, retail and professional services. Square may have good market share but it is a shrinking industry.
And as a final piece, competitors in both spaces are generally in very healthy financial shape: Paypal, Shopify, Global Payments, Western Union and big banks are well-capitalised.
Valuation
Perhaps you can get over the above with the fact that Square has strong network effects and are able to win customers cheaply. However, in my opinion, Square is priced for perfection. Simply looking at a price/sales metric, it is trading 13x LTM. This is high but maybe relatively reasonable for a fast-growing business. However, 25% of Square’s revenue is accounted by Bitcoin “revenue”. This brings little value to Square (2% gross profit) and even Square themselves discount this revenue in their KPIs because it is “out of their control and not reflective of Square’s performance”.
Now onto profits. It is not fair to be too hard on Square’s profitability. After all, it is in high growth phase and its marketing costs were its highest opex line item at roughly 35% for YTD. However, a cursory look at it is Enterprise Value / EBITDA (forward look to Dec2020), it is 242x. If we give credit for Square’s business plan for a further two years, today’s Enterprise Value over broker consensus forecast EBITDA for 2022, it is still a heady 77x. This is when Square is supposed to have EBITDA of $1bn which is three times more than it is forecast for Dec 2020. Priced to perfection.
If you compare it to Paypal, it is trading at 39x and 27x EV / EBITDA for Dec 2020 and 2022.
Conclusion
Square has formidable backers like Ark Invest. I am also not a great believer in “dumb retail” overvaluing a stock for a prolonged period of time. But for reasons above, I am cautious with Square and yet it keeps climbing so please tell me what I am missing…
submitted by dellywally to stocks [link] [comments]

PayPal to allow cryptocurrency buying, selling and shopping on its network

https://finance.yahoo.com/news/paypal-allow-cryptocurrency-buying-selling-115232905.html
LONDON (Reuters) - PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company's online wallets.
PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement.
U.S. account holders will be able to buy, sell and hold cryptocurrencies in their PayPal wallets over the coming weeks, the company said. It plans to expand to Venmo and some countries in the first half of 2021.
Stock is up 3.5% premarket, this is a good news for paypal stock and customers.The current e-commerce trend is very favorable for paypal, cryptocurrency plus venmo can unlock more value and growth for paypal.
submitted by coolcomfort123 to StockMarket [link] [comments]

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Bitclub Network Marketing Plan (Compensation Plan)

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