1 = 906.97 USD

Bitcoin News

Bitcoin and Crypto Currency News

Browse latest bitcoin news about new businesses that accepts bitcoin and other cryptocurrencies, blockchain technology, and regulations of bitcoin. We report on latest crypto currency news, prices, talks and new start up related to bitcoin and other crypto currency.




  • India’s Prime Minister Modi: “We can move to a cashless society”

    The financial world is still buzzing about the economic turmoil taking place in India. A sweeping financial move like demonetization hasn’t happened there, on this level, in forty years. In a monthly national radio address that took place on Sunday, Indian Prime Minister Narendra Modi reiterated the promises he made in his campaign and the conviction he has to remove “black money” from the Indian market and help move India towards a more “cashless society.

    True to his word

    Many Indian people agree with him, many do not, but he has been consistent. The government says the bank-note ban announced on Nov. 8 is aimed at cracking down on corruption, people with unaccounted wealth, and counterfeiting of notes. This ties in with his campaign promise to curb tax evasion and unaccounted wealth.

    "I want to tell my small merchant brothers and sisters, this is the chance for you to enter the digital world," Mr. Modi said, according to a translation by Reuters. "It's correct that a 100 percent cashless society is not possible. But why don't we make a beginning for a less-cash society in India? We can gradually move from a less-cash society to a cashless society.”

    According to Credit Suisse, India’s economy is over 90% cash-based, as debit and credit card usage is incredibly low. This has amplified the issue of demonetization, without warning. More than thirty deaths have been reported directly related to issues causes by this government/banking action.

    This has been a boon to local Bitcoin businesses like Unocoin, and premium prices for Bitcoin in the country have soared to well over $900 USD each, as locals are forced to consider all financial options. Any pivot away from cash and towards cashlessness will increase interest in digital currencies, like Bitcoin.

    A nation moving away from cash, entirely, creates many problems for the common man, however. If your nation went totally digital, this would create a closed-network, economically. essentially capturing all of the nation's wealth. This is great for the banks and government, but for the people not so much.

    One would not be able to divest themselves if a national bank or government becomes insolvent, moving funds to another bank or location would become impossible. The financial network would only improve at the banks and government’;s discretion, unlike Bitcoin, for example, which is an open-source global network. Also, national surveillance of every financial transaction would be easy to generate down to location, time and amount of purchases, even showing patterns and predicting future purchases.

    India is not going to become a cashless society, but other nations will go down this road and the people of those nations will have to make a decision. Use “their” digital currency, or use an independent digital currency, like Bitcoin.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Conquers Black Friday With iPayYou’s Amazon Direct Service

    ​Is it Black Friday already? Do you have a cache of Bitcoins and nothing to spend it on? Are you ready to start the Christmas season off right? For those of you who have Bitcoins and will spend them, iPayYou has created a service that will allow you to use your Bitcoins at maybe the world’s most favored online retailer, amazon.com, with their new Amazon Direct feature.

    With the new Amazon Direct function, iPayYou allows users to transfer any amount of bitcoin from their iPayYou bitcoin wallet to Amazon, so begin by going their website and setting up a bitcoin wallet. Then set the USD amount to transfer, then choose a destination account at Amazon.com and with one touch transfer amount, and you are ready to start shopping at Amazon.

    iPayYou’s Amazon Direct is notice ably different from other Bitcoin-to-Amazon Amazon.com services like Purse.io. With Purse, users basically acquire unwanted Amazon gift cards and then sell them to users for Bitcoin, in a swap meet style. With iPayYou, a company called ACI funds the operation with their gift cards that transfers the fiat balances from its own Amazon account to the user’s personal account.

    “During my time as an executive at Amazon, we closely studied the friction points and obstacles faced by shoppers, including and especially with payments,” Kavner said in a statement. “Bitcoin is a solution to so many of those problems. That’s why today – in time for the holiday season – we’re launching the most direct way to spend bitcoin anywhere, starting with the world’s largest retailer.”

    The CEO of iPayYou, Gene Kavner, previously managed the Amazon Associates program, giving him a wealth of experience when it comes to using the ecommerce giant. iPayYou was launched earlier this year with their Bitcoin-toTwitter payment program.

    With their Twitter service, iPay wallet users can send a payment by simply entering the recipient’s Twitter handle instead of an email or bitcoin address. That means a payment exchange can happen without both parties exchanging private information, and is the first such application involving the social media giant and Bitcoin.

    When using iPayYou, a flat fee of 1 percent applies per transaction with a minimum purchase of $1. The network fee, which we’ll assume is the miner's fee for using the blockchain, is averaging around 13 cents. So if you are looking for a more direct and quicker way to use your Bitcoins at Amazon, iPayYou is worth a shot this holiday season.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Has Proven Peter Schiff Wrong: Bitcoin Beats Gold as Store of Value

    Peter Schiff is a world-renowned investment advisor and market forecaster who owns his own precious metals corporation, Euro Pacific Precious Metals. He is maybe best known as the one pundit or market expert who predicted the 2008 market collapse in the United States. This prognostication has given him a lot of credibility in predicting the future of the financial markets.

    The only problem is, as wise as he is about fiat currency and precious metals, he has less experience when it comes to the revolutionary new asset class known as decentralized digital currency, spearheaded by Bitcoin. Three years ago Monday, he called Bitcoin “Tulipmania,” “the wrong choice,” and “isn’t a store of value.” Let us review his critiques and see if he was right or wrong about Bitcoin.

    So much for “Tulip Mania”

    Just as a refresher, many financial gurus, Peter included, have incorrectly used the term “Tulip Mania” when describing the Bitcoin market. This was a common mistake in 2013 when Bitcoin was just making waves in 2013. “Tulip Mania” was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.

    At the peak of tulip mania, in March of 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble, which lasted from 1834 to February of 1637 when the market collapsed forever.

    Bitcoin has some similarities to this phenomenon. Bitcoin also had a market collapse after about four years (2013 : Mt. Gox,) losing about 85% of its value, and bottoming out in January of 2015. Unlike the Tulip market in Holland, however, Bitcoin is back on its pre-crash trajectory. If you remove the Mt. Gox bubble from 2013-2014, Bitcoin’s price is on the exact same arc it would’ve always been on. Mt. Gox was the market bubble, not the Bitcoin market itself. That is the critical difference.

    In November 2013, when this video was made, and Bitcoin was at its all-time peak of over $1000 USD, Peter said the following about Bitcoin:

    “I think the idea behind Bitcoin was to digitally replicate gold. Kind of a gold standard for the Internet.”

    Obviously, Mr. Schiff did not read Satoshi Nakamoto’s White Paper, easily found in a Google search, where it states in the first sentence that Bitcoin is “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

    The problem with him not knowing this important distinction is he then goes off on a tangent about how great Gold is and how worthless Bitcoin is when he clearly doesn’t know what he’s talking about. Here’s an example:

    “There’s nothing you can do with a Bitcoin except give it to somebody else.”

    This has been proven incorrect, as you can use Bitcoin transactions to post title deeds for property, marriage certificates, and other documentation on the Bitcoin blockchain as an immutable proof of ownership/work.

    He also goes off on some tangent about this “intrinsic value” Gold has over Bitcoin. How is Gold “intrinsically valuable?” Yes, it has some manufacturing uses, but it does not derive its value from manufacturing. If I gave Peter a gold bar, what would he do with it, besides sell it? Does making a necklace or bracelet out of gold make it “intrinsically valuable? Bitcoin’s utiility and ease of use makes it far more valuable than Gold, IMO.

    This video is old news, so I’m not going to critique it in-depth, but remember Peter had a vested interest in the Gold/Silver market, obviously. It is important to realize that Gold peaked at $1800 USD in 2011, but had lost value for two years straight before the making of this video. Same went for Silver which peaked at about $40 USD, and it following Gold into the guttar, figuratively speaking.

    As peter did mention, people who would normally buy Gold or Silver in 2013 went in on BTC, and that didn’t help the precious metals regain their market footing, it hurt them. People who jumped in on BTC in the fall of 2013 were in for a fall starting in December, but investing in Gold wasn’t any better.

    Gold has dropped steadily until 2016 when it has finally seen gains of about 15% to this point. Five years later, Gold is still down about 30% from its 2011 peak, and Silver even more than that. Bitcoin, in contrast, is up about 70% this year, and thousands of percent since the same point in 2011.

    It has proven itself to be a trusted store of value since before the making of this video, in the Cyprian crisis of April, 2013. Grexit, Brexit and the election of Donald Trump have also proven this fact. Bitcoin may not be a perfect store of value,l but it has been far better than Gold or Silver over the last five years, so Gold or Silver as a store of value, and therefore money, does not hold water. Bitcoin has more than held its own against Gold as a valuable commodity/ investment.

    In closing, I like Peter Schiff and respect his understanding of the greater economic market, and the severe flaws in the current system, He is trying to lead people in the right direction, which is away from dependence upon the U.S. Dollar, or any fiat currency as a long-term store of wealth. He’s right on that point. Unfortunately, he was not educated in what Bitcoin is in 2013, and it showed. He has since had “debates” with Eric Voorhies (here and here) about Gold vs Bitcoin and is more up to speed with this revolutionary technology.

    You’re never too old, or too wise, to learn something new, and Peter has learned that Bitcoin is not “the wrong choice” by any stretch of the imagination. It is not in line with his vested interest in Gold, and that was the main problem for Peter, as he says at the end of this video.

    Bitcoin is not going anywhere, and neither is Gold. Gold has been mined for thousands of years and will continue to be mined, in much larger quantities than Bitcoin, for another few thousand years. Bitcoin is a unique creation no one should compare to any other. It’s not “Gold 2.0.” Maybe that’s what he heard on the street and took it literally, but Bitcoin and Gold are both valuable assets that will continue to be wise investments for years to come.

    Hopefully, you have the wherewithal to own both, and then pass judgment yourself. Peter did not, and that was his first mistake. This was a common mistake by the mainstream investor or market expert in 2013. Peter Schiff, nor any other credible pundit makes these same mistakes today. Bitcoin has proven itself to investors and so-called market experts, and it has earned the respect it deserves.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Japan’s Central Bank Head Discusses Bitcoin and Digital Currency

    Bitcoin has had a very interesting relationship with Japan over its short and very public history. From the rise and fall of Mt. Gox, to the rise again of Bitcoin demand, and the consumption of Bitcoin by the culture (almost 50% of BitConnect’s traffic comes from Japan,) Bitcoin is a big deal in Japan, and this seems to be growing.

    Hiroshi Nakaso, the Deputy Governor of the Bank of Japan addressed the rise of digital currency, led by Bitcoin, and DLT, or distributed ledger technology, or blockchain technology, last week for “Fintech and the future of Money” conference last week at the University of Tokyo. Here is a review of the Bitcoin related highlights.

    Funny how there was no such thing as “FinTech” before Bitcoin

    Virtually every nation, bank and major corporation are discussing how to incorporate blockchain technology into their business models, and the Bank of Japan is no exception. Also creating a digital currency, in conjunction, has at least been discussed. Nakaso-san has not seen Bitcoin make enough of an impact to change the way Japan’s monetary policy, which contradicts the regulations began in May, but it seems he is holding Bitcoin to a standard of actually threatening the Yen.

    “What happens if virtual currencies such as bitcoin reach a significant circulation?” said Nakaso in his report. “Indeed, if virtual currencies such as bitcoin are to be widely used to purchase goods and services directly, there should, of course, be influences on monetary policy. At present, however, the consensus view in various international forums is that virtual currencies are unlikely to overwhelm sovereign currencies.”

    He mentioned “trust” in the current bank-run economic system being a prime factor in the value of sovereign currencies. Yet, many nations are seeing that trust being eroded by negative interest rates, bans on cash, and endless money printing to hide poor economic policy. Younger people are using, and trusting, banks less and value the Internet more for their information and finances.

    Mr. Nakaso felt the need to address Japan making a national digital currency in Bitcoin’s image. He could not dismiss the notion but seemed more positive on the use of blockchain technology.

    “The Bank of Japan has no specific plan at present to issue digital currencies as a substitute for banknotes. Nonetheless, the Bank will make utmost efforts to deeply understand new technologies including blockchain and DLT. The Bank will also continue to conduct various research and analyses of these new technologies while seeking the possibility of improving its own infrastructure through applying them in future.”

    In regards to actually making a Bitcoin-like currency, which other nations are already well on their way to producing, how that would work has certainly been discussed back at the bank.

    “The issue of central bank digital currency raises diverse topics that are attracting attention from academics. For example, to whom should the central bank provide its account, as technological innovation changes the financial structure and the list of financial service providers? To what extent should the central bank provide "finality" to economic society? How should the information linked to payment transactions be handled?”

    Creating and legislating a new digital currency and blockchain for a small African nation, or two, may be one thing, but doing the same for an economy the size and scope of Japan is quite another. The report filed by Nakaso-san does show that this is an active topic of conversation within the highest circles of Japanese banking. I’d say Bitcoin has made its impact, if not reaching competing levels of national adoption, yet.

    Japan made news in May of this year with their national, and public, acceptance of Bitcoin as a currency on par with paper currency or their own Yen, according to the Japan Times. Since that time, Bitcoin related business has picked up in the region, with new partnerships in Japan helping people pay things like utility bills directly with Bitcoin. Also starting this month, there have also been new Japanese television shows built around promoting the Bitcoin concept to the mainstream.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin’s Investment History of Dominating Gold Continues in 2016

    Just buy gold!’ ‘The place to put your money is silver!’ How many times have you heard it over the last five years? It is like a mantra in any modern financial circle, from Bloomberg LP to MSNBC, to Fox Business. I used to work at a major financial firm in New York, and it was all about gold and silver futures, trusts, funds.

    If you want to sound economically intelligent, just use those two sentences at the top, rinse, and repeat. Was it all just bad information? If you look at the hard numbers, not only has the advice not panned out, but Bitcoin has been the winner no one saw coming, and no one will admit they missed it.

    A track record of unprecedented growth

    Bitcoin as a commodity has an unprecedented track record of growth If you listen to the mainstream media, you’d think Bitcoin was only a solid investment when it spikes $200 USD in a month, and that you should avoid it like the plague the rest of the time. Let’s look at the numbers for the old standbys, like gold and silver since 2011 and see how they really do during this latter day “Gold Rush”.

    As you can plainly see, the “Golden Goose” has been laying an egg that doesn’t glitter and has been kind of rotten since this time in 2011. Since its peak about four years ago, gold has been on a correction ever since, losing over 40% of its USD value, before rebounding in 2016. Gold is having a very good 2016, up almost 15% since January 1st, but it has a long way to go to get back to its former peak of over $1800 USD in 2011, according to GoldPrice.org.

    Silver investors may be one and the same as Gold investors, as their market patterns match each other almost in lockstep. Maybe they all listen to the same gurus, but silver has also seen better days, once trading at close to $50 USD in 2011, now down to one-third of that amount today. Since August, silver has lost about 20% of its value. That said, it is still up over 21% this year, outperforming gold in the process.

    Neither investment can hold a candle to mighty Bitcoin, though. THIS YEAR Bitcoin is up almost 70%, rising almost exactly $300 USD so far in 2016. Is this a “one-hit wonder” or some sort of “fluke.” No. In fact, Bitcoin was the world’s best performing currency in 2015, rising over 35% in value, while gold and silver were in the red in 2015. And 2014. And 2013……you get the idea.

    Is anyone saying gold and silver are poor long-term investments? No, but how many people bought gold and silver five years ago thinking they were going to make 10-20% a year from then on? What financial advisor was saying you’ll need to hold these commodities for a decade to make a return? And how many had the acumen to see Bitcoin making an almost infinite return instead?

    Please, do your own due diligence and check with your financial advisor, but then again, maybe not! If he is not running his own business and works at a centralized bank institution, are you really going to get advice that doesn’t serve the bank first, and you second? I’ve been there. That’s all I can say about that. If you have the means, buying precious metals like gold and silver is a sound strategy, but it's probably going to be another 3-5 years before you get a Bitcoin like ROI.

    Long-term, it is a good idea, but whether you’re a short or long-term player, why not buy a good position in Bitcoin, and microwave that timeframe into 3-5 months? Whether you’re in gold, silver, or a 5-year CD @ 5-6%, after taxes and inflation, you’ve done a lot worse than Bitcoin, right? Why double down when you can own some “Digital Gold”, and get ahead of the next curve? Just take this as food for thought.

    Make 2017 your year to get ahead, just choose your investments wisely. Like gold and silver, Bitcoin, the economic “safe haven,” is not going anywhere but “to the moon.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • 5 Reasons Why Bitcoin Prices Will Continue to Rise in 2017

    Some of the people here at Bitconnect and reading the article just love the technology and ethos of Bitcoin. Many others are strictly speculators, thinking about making more of an ROI with Bitcoin. However you got here, I am happy that you are here. For those who are merely financially motivated, good news! Bitcoin is growing at a rate of over 60% this year, after a more than 35% gain last year, and may gain even more in 2017. Here are 5 reasons why this should be the case.

    India

    Bitcoin is fairly new in India, but it is already making all kinds of gains. India is a heavily cash-based culture, so the recent capital controls we have reported on have hit the citizens hard. This issue has forced many to consider economic alternatives like Bitcoin. Essentially, this action by the banks and government may have started a Bitcoin fire in the world\s most populous country that they may never be able to stop.

    According to Sunny Ray, co-founder of Unocoin, India’s largest Bitcoin company, Bitcoin has gone from selling in the hundreds of thousands of USD worth a month at the start of this year to millions of dollars a month now to tens of millions by early next year. If Bitcoin continues making a good impression,and the governments and banks keep forcing the people to look elsewhere, over a billion people may just discover “the future of money.” That might help Bitcoin values. Maybe.

    Winklevoss ETF

    This ETF project, from the creators of the Gemini bitcoin exchange in New York, has been in the works for years and should come to some resolution in 2017. The twins found a way to get a Bitcoin exchange through regulators in New York; not easy. And Wall Street is looking for something custom-tailored to their investment needs, so expect this to get done in the first half of 2017.

    When this goes through, new, well-heeled investors can create puts, calls, margins, funds, derivatives and more. A major infusion of Wall Street money can only help Bitcoin grow in value. The daily transaction volume from this alone can change the price, and some say it can remove some of the volatility. Once this is approved by the Securities Exchange Commission, this would also have a domino effect in London, Japan, Beijing, and other major markets.

    The U.S. may set the standard, and the rest of the world will fall in line, creating a tidal wave of investing. This has the chance to be the biggest thing in Bitcoin’s history. This may only happen if the next part comes to fruition…..

    Segregated Witness

    In order for Bitcoin to grow, it will need to scale, one way of another. Bitcoin is suffering through a glass ceiling that is the 1 MB block size, and SegWit can solve this problem. Thought to increase block efficiency and effective size by approximately 70%, this will allow more transactions, and more people to use the Bitcoin blockchain without bogging down the system. No more 45-minute waits for transactions to clear.

    If Wall Street tries to get in and Bitcoin has not scaled at all by then, that could be a major situation.

    The Continuing Collapse of the Globalist Model E.U.

    The European Union is not making friends with many of its member nations. A wave of nationalism is starting to sweep the region, as Nigel Farage has helped remove Great Britain from the E.U., at least in spirit. Greece is not a willing E.U. participant, after the last two years of problems, and France is looking at moving on next year with their election cycle ending and a nationalist gaining momentum after President Trump's election opens the door for her. Also, Spain and Italy are struggling and may boil over next year.

    The point is you should expect more economic turmoil in 2017 from the Eurozone, and as history has shown, uncertain times mean boosts for Bitcoin values. There is nothing certain going on in the E.U. except for more uncertainty.

    Smart Contracts

    Rootstock should have Bitcoin-capable smart contracts in the next few months, and this can move interest from Ethereum, the #2 decentralised digital currency in the world, to Bitcoin. As Bitcoin learns new tricks and takes on new technologies, its functionality increases, and so does its market value.

    So Bitcoin is brimming with upside potential. The mainstream hasn’t even scratched the surface of what Bitcoin will become. It will be exciting to see them catch on and discover a better way forward.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • The Final Days of Cash and Why You Can’t Afford The Funeral

    As we have seen, just within the last year or so, the world is changing faster than ever, especially in the world of finance and new technologies. This year, virtually every major corporation, bank, or national government has announced a blockchain-based initiative. Several nations are also working on their homage to the global success story that is Bitcoin by working on their own version of the digital currency. These can be seen as general signs of progress, but are they really?

    In order for one to add a new technology, 99 times out of 100, it will totally replace an old technology. For example, when a car is redesigned every five years or so, the previous model’s production ends at that moment, unless the previous model is particularly popular, then it may still be produced for another year or so.

    What about when the new technology is digital currency and the old technology is physical cash or fiat currency? We are seeing an international phase-out of the ‘Ole Greenback’ and this comes with many benefits for the governments and banks, but far fewer for the citizens that will use the currency.

    India is the latest to take a major stance against paper currency when, without proper warning, they removed their 500 Rs and 1000 Rs banknotes from circulation. The government said that they represent “black money” and are not being taxed and regulated properly, so citizens are being forced to deposit these suddenly illegal notes into banks. This presents the first benefit for central banks and the corresponding issue suffered by the populace.

    Deactivating cash on a national scale forces people to continue to use, and more importantly deposit into, banks. When, not if you use a national digital currency in the future, you will be forced into their ‘matrix.’ The banks are automatically cut into your financial life, forever more. A closed-network they control. One that you can never divest yourself from. Think of being ‘Neo’ in “The Matrix,’ except there is no option to unplug yourself from this realistic and frightening ‘program.’

    Do you think the world’s banking systems moving to a negative interest rate system at the same time as this assault on cash is some sort of coincidence? As interest rates get lower, or negative, people deposit and “save” money in banks less and less, and for good reason. Killing cash and going digital is an effective counter, again forcing you to play the banker’s game which is rigged against you, like a hand of 3-card Monty.

    Other immediate issues in this war on cash, as evidenced in India over the past week, is death. At least 33 people have died since this cash ban began, with people dying while standing in queues after many hours in the heat. For some reason the co-conspirators, the banks, and the government, did not get their act together before springing this on their loyal slaves, I mean subjects.

    Banks in India have run out of money at branches and to add to ATMs, adding to the queues. Tourists, who flock to India starting November, cannot exchange their foreign currency, hurting this major national industry at the wrong time of year.

    These economic master plans are not just limited to India. Australia is also on the blacklist against fiat with Citibank beginning to remove cash from their branches. They are beginning an ingenious plan to not dispense cash through their bank tellers, forcing one to use their ATMs, which is a “cash cow” for the bank when you have to pay an ATM fee for every withdrawal.

    The negative interest rates are beckoning savvy investors to remove their savings from banks, but there are several roadblocks, including cash withdrawal limits as low as 1000 units in some countries. In the U.S. and the U.K., if you remove the equivalent of $5000 USD, you are literally treated like a terrorist, and put on a national list, by regulation or law.

    If you withdraw less than that, but near that much, you can still be put on another list for “structuring” your withdrawal to avoid this blacklist, and guess what? You’re put on another blacklist. You could avoid going to the teller to take out your money, but there go those ATM fees again, and banks have daily ATM withdrawal limits there, too.

    The funniest thing is the banking establishment has trumpeted these coming changes as great for society and the society at large. Citing stopping ‘welfare fraud,” a real scourge that is sweeping the globe, UBS analyst Jonathan Mott said: “Removing large denomination notes in Australia would be good for the economy and good for the banks.” If you remove the ‘good for the economy’ part, he’s spot-on, unless he means the bank’s balance sheet.

    He mentioned the real benefit, which was outlined above, the banks would see a lovely “spike” in deposits. Do I need to remind you that when you make a bank deposit, the money is no longer yours and that you are loaning it to the bank to do whatever they wish with it? As a former banker in New York myself, that was a little nugget I didn’t know until I entered “The Matrix,” personally.

    These cash bans started last year in the U.S. with something small, safe deposit boxes. At Chase bank, you have not been able to keep cash, or precious metals, inside of your safe deposit box. Here is what Chase says to box owners in a lease renewal letter:

    “Contents of the box: You agree not to store any cash or coins other than those found to have a collectible value.”

    Why would they do this? If they make it more inconvenient for you to use unapproved forms of value that the banks do not directly control, many will just say ‘It’s too much of a hassle securing this gold at home.’ and sell it, then make a deposit to the bank. They’re planting seeds of discontent in leaving their ‘Matrix.’

    Sweden has also accelerated their anti-cash programs at a national level, as more than half of their bank branches no longer accept cash. They have announced that they should have some resolution to an electronic form of their krona by 2018, which is the same time that ‘The Economist’ forecast a global or world currency to take effect. So can you imagine the issues in India multiplied by every country on Earth, over a span of months converting to such a totalitarian system?

    Maybe there will be a one world government, and a corresponding currency in the years to come, maybe there will not. What I do know is cash is a very important part of your financial portfolio for the foreseeable future. Why? It is the best way to make a transaction privately, without the banks and governments tracking it. If every transaction is done by debit card, for example, that means a digital log of EVERY transaction you make is recorded by the bank and can be easily forwarded to the government.

    When you bought toilet paper, condoms, or beer would be known down to time, location and amount. Your future purchases could even be predicted with computer software if desired. The taxes could be taken out of your card usage, including a standard bank fee, and a limit on how much you could spend a day, or per transaction. How does that sound? Pretty sweet, huh? If you’re the bank…..

    Also, with cash, you can divest yourself from a corrupt and failing legacy banking system. Cash is the original balance against the outright tyranny of the banking system. If you do not like the bank's practices, policies, or fees, you can just pick up and take your business elsewhere. This fosters competition and forces the bank to check themselves, improve, or die. A national digital currency would undermine that, by design. Their economic tyranny would be baked into the cake if you will. They are basically down to tricking you into using their rigged system.

    In closing, if your nation seeks to phase out cash, vote against this corruption,m as the Americans did against the Hillary Clinton’s of the world. Voting still works very, very well, just ask the British on their Brexit. Show the establishment that you care about your privacy and freedom and that you are paying attention. The banks and government are hoping you are asleep at the wheel and can undermine you to their heart’s content. Protect cash. Stand up for your rights.

    Or better yet, use the true digital cash, Bitcoin. I left the legacy banking system years ago because of this business-over-ethics philosophy. Every transaction to me isn't just business, it's personal. I thought we could do better, so I wished for something like Bitcoin, and I found it in 2013.

    If you’re going into “The Matrix,” enter one where you are in control, and can see your balances grow, not shrink, daily, by design. It is not perfect; nothing ever is, but it is a sound money digital currency well worth supporting in the years to come. It may come down to "our" digital currency versus "theirs."

    The world of digital currency is coming your way, so choose your currency wisely. What will be in your (digital) wallet?

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bandwagon Effect - Sweden Begins Work on National Digital Currency

    As the world turns, as new technology comes to bear every year, every month, every day, if you are standing still, you are really falling behind. The days of major banking systems resting on their laurels and not innovating are at an end. The world’s banking industry is now fully mobilized into the future of digital currency, and ever-progressive Sweden is not about to be left behind, as they begin work on a potential future national digital currency.

    The most likely place on Earth to see a fully digital economy

    Sweden has been on the march against cash for many years now, and their regulations have led a drop in cash circulation of about 40% since 2009. The vast majority of financial transactions are done by debit card or other non-physical means. Officially, they are looking at making a decision on issuing what would be known as the e-krona within the next two years.

    The diminished level of cash transactions in Sweden is no accident, and the qualifiers by regulators mean little. It is not a matter of if Sweden goes fully digital, economically, but when, which they mention as early as 2018. How the head of Sweden’s central bank speaks about it, it seems a foregone conclusion.

    “This is as revolutionary as the paper note 300 years ago. What does it mean for monetary policy and financial stability? How do we design this: a rechargeable card, an app or another way?” Cecilia Skingsley, deputy governor at the Riksbank, told the Financial Times.“We really have no one to look at when it comes to how to design it and what are the possible consequence … It’s not an option for us not (to) do anything,” said Ms. Skingsley.

    Sweden closed circulation of their 1000 krona note in 2013, and retail cash transactions dropped to 20% in 2014. This contrasts sharply with the United States, for example, where cash and electronic transactions are still close to 50/50, so the handwriting is on Sweden’s wall.

    Many of the nations of the world are closing in on making a domestic digital currency, most likely modeling Bitcoin on a closed-loop, and using Bitcoin blockchain technology. The nations that have publicly discussed going this route in the not-to-distant future include China, Australia, the United States, the Ukraine, Great Britain and Canada, just to name a few. Smaller, more economically nimble nations like Tunisia and Senegal in Africa, are already there, and just waiting for the rest of the world to come aboard.

    It is easy to believe that by the end of the decade, there will be double-digits of countries running a fully digital economy, and there could be dozens of them. Whether this is actually good for the citizens affected by these national banking initiatives is highly questionable, and will be a topic for another day.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin “utopia” Liberland Overthrown, Exiled By Neighbor Country

    ​Starting a new country can be difficult. Getting the world to recognize your new sovereign land even more so. The only thing tougher than building a new country is keeping a new country under control for any length of time. This is why armies and militaries and defense budgets are a key part of any real national governance. Liberland seems to be learning this the hard way, as an update on this libertarian “utopia” shows that the Liberland national dream seems to have come to an end.

    Home to almost one half a million virtual citizens

    It seems like Liberland has been around far longer than nineteen months, and in reality, it was not in practice nearly that long. 32- year-old President of Liberland, Vit Jedlicka, started this riverside project in April of 2015 and gained worldwide publicity for this new venture in nation-building.

    Usually, nation-building is done by the barrel of a gun (Just ask any Amercian president over the last fifty years or so.) Liberland looks like it has been lost by that same barrel for the last year, according to BBC’s Jolyon Jenkins.

    In this case, some legal maneuvering created a “no man’s land” claim by Jedlicka that netted him a 7 sq km country, at least in theory. In practice, even though almost 500,000 future Liberland citizens filled out their online application for the project, the country has been abandoned by Jedlicka and any new populace due to Croatian police, patrolling the adjacent Danube River. President Jedlicka has not been to his legal land for over a year, as the Croatian police wait to arrest anyone, including Jedlicka, who attempts to access this area.

    Liberland is basically an unclaimed piece of land directly connected to Croatia and the Danube River, which creates an access problem if Croatia disapproves of the Liberland concept, and it appears they do. Croatian police are stationed to block access to this “no man’s land” claimed by Jedlicka. He has been arrested and fined for approaching this land by the sea and has been punished for entering through Croatia as recently as this past summer. Now, he can only sail by and reminisce at what might have been.

    "I'm still doing my best to choose the best people for the team and lately I was not very lucky,” Jedlicka told Jenkins. “I hope to be able to get better people on board soon. Maybe you would be interested in working for our intelligence services?"

    There doesn’t seem to be a future for a Bitcoin-loving, tax-voluntary, gun-liberal spot of land in the eastern Croatia area. Jedlicka is not giving up, but the legal hurdles and police are enough to throw an entire nation into hiatus. A dream only dies if one is willing to let it go, and President Jed is not at that point, yet.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Safe Haven Proof - Major Bitcoin Wallet Provider Having Record November

    With Donald John Trump preparing to serve as the 45th President of the United States, in many ways the world will never be the same again. A man who has never served in politics or the miliatry, he is seeking to force America, and the wolrd, to change the way they’re doing business.

    Well, Presdient Trump hasn’t even entered office yet, and he is already changing the way people handle their finances, as Blockchain, the world’s largest Bitcoin wallet provider, has announced that the Trump election has set a record for Bitcoin activity in their platform, both for a single day and for a month.

    The Trump Train Pulls Into Bitcoin’s Blockchain Station

    The election of Donald Trump seemed to catch the mainstream off-guard, and forced them to make a decision when it came to protecting their wealth. Bitcoin price spiked over $30 USD within the hours of the election results, as fear of the unknown shook the markets. Apparently, this may have even forced some in the mainstream to get a Bitcoin wallet, fast.

    "People are basically hedging against economic instability,” Blockchain CEO Peter Smith told Business Insider. “It's a worrying time to be holding a lot of British pound or if you're America, people flee to safe haven assets. Bitcoin is one of those. It'll be the first month where millions and millions of people use us. (Election Day) was the biggest single day increase we've seen in the last year.”

    Smith would not go into great detail, but this quote implies that many people, millions, used Bitcoin over the course of a day or two who had never used Bitcoin or Blockchain before. Not much of a stretch to say that many, many new Bitcoin wallets and users were gained by Blockchain, so you could also infer that Bitcoin is making all kinds of network user gains just from President Trump’s election.

    For those who may be new to Bitcoin, for all of the rhetoric and propaganda put out by the mainstream media about Bitcoin and its safety, people have been using Bitcoin as fianncial “safe haven” since 2013. Bitcoin his the global scene back in the Spring of 2013 during the “bail-in” within the small island nation of Cyprus, in the Meditteranean Sea. Bitcoin values exploded to record highs, while Gold and Silver moved hardly at all as people looked to avoid economic disaster from the legacy banking system’s atatck on investors.

    Mainstream icons like Reuters, Fox Business and Bloomberg have reported on other spikes in Bitcoin demand during time of massive economic turmoil. The “Grexit” in the summer of 2015 and the “Brexit” earlier this year are other examples of a massive influx of Bitcoin investment for investors seeking a “safe haven” in the short term. Bitcoin values have increased over 60% so far in 2016, outpacing Silver returns 2:1 and Gold returns 3:1.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University