With the popularity of cryptocurrencies like Bitcoin and Litecoin on the rise, big banks are beginning to express concern about their ability to keep up. With central banks striving to compete with cryptocurrency, many are choosing to start holding these digital currencies on their balance sheets. This could act in a similar way to gold and foreign currency reserves when it comes to absorbing market shocks.
High-level Bank of America officials have already been expressing concern that their establishment will be unable to keep up with evolving industry standards and consumer preferences regarding cryptocurrency. This industry giant has already received a patent for a proposed exchange system; however, currently, it is falling behind when it comes to accommodating customer interest in cryptocurrencies. In fact, Bank of America recently came under criticism for blocking its credit card clients from purchasing cryptocurrency on their cards.
The same report details a concern that increased competition in the field of non-depository transactions may reduce Bank of America’s net interest margins and revenues from fee-based services. Accommodating the widespread adoption of cryptocurrency technologies may also require that Bank of America and other industry leaders expend substantial amounts of money to modify their existing products and services in order to keep up. Of course, Bank of America isn’t the only financial institution that is expressing concern about the growing global obsession with cryptocurrencies.
Other extremely high-ranking financial institutions such as JPMorgan Chase have also expressed a growing concern about the risk factors that come along with the widespread adoption of cryptocurrency technologies. In its annual 10-k filing this bank noted that financial institutes across the globe face the serious risk that their payment processing services will be disrupted. As this document notes, cryptocurrencies require no intermediation, which effectively removes the need for traditional banks and financial institutes.
Like Bank of America, JPMorgan Chase intends to invest significant amounts of money into modifying and adapting its services in order to attract and retain new clients. It’s clear that this industry giant understands the growing necessity of competing with technology companies as well as traditional financial institutions. Goldman Sachs has reported similar fears.
Historically, JPMorgan Chase’s executives have believed that the cryptocurrency market was destined for eventual collapse. While they have certainly not ruled out impending collapse as a possibility, it’s clear that banking executives have begun to reconsider whether or not they should be concerned about competition from technology companies. As cryptocurrency has begun to gain in popularity and concerns about money laundering and regulations regarding anonymity have begun to wane, the future of cryptocurrency appears brighter than ever.
One South Korean bank has already begun to incorporate cryptocurrency technologies into its banking operations via a crypto-based remittance network known as Ripple. Ripple’s network in Japan and Southeast Asia has already become quite extensive, and it shows no signs of stopping given that multiple local and international banks have already begun to introduce this technology into their operations.
When it comes to Banks and Ripple, full integration isn’t expected until at least 2019. The fact that serious industry players are beginning to make use of this technology speaks to the future of cryptocurrency and the fears that traditional financial institutions have regarding their ability to remain competitive. Ultimately, many of these banks will have to adapt or face the serious prospect of becoming obsolete.
Internet professional banks are set to lead the pack when it comes to adopting cryptocurrency and blockchain technologies, so it’s no surprise that the majority of banks pushing for Ripple integration are online providers. Their brick-and-mortar equivalents will likely be facing similar changes in the near future, so it’s a good idea for consumers who want to be in the know to keep on top of current industry trends.
What the heck? How can Search Engine Optimization (SEO) and human activities or people gathering together mine cryptocurrencies?
There is a new system being put together. I can’t disclose all the details yet.
My mentor is putting together a group called Project Platinum, limited to 100 people. We will be building web pages (and perhaps videos and doing social media) related to various activities, similar to what you might see on MeetUp.com. A large majority of them are family-oriented, fun activities that people are doing already.
This mentor, Matt Trainer, recently made a list of predictions about the future of the internet. We live in a disruptive world, where new technologies rise up over night and kick out the former beast. He says that the normalcy bias is “off the charts,” and things are about to change in a major way. He thinks Google’s time as a search engine is limited. And now, it’s possible for people like you and me to be part of the disruptors. Who would have ever though that Blockbuster Video or Borders Books would be wiped out so soon on the timeline of history. So here are the predictions for the next ten years:
10 years. Max. These are all dead:
1) WordPress (already on its last legs and no one sees it), and it’s entire plugin ecosystem
2) Any and all online shopping carts and shopping cart businesses. Yep ALL shopping carts. “Oh no! What’s Amazon gonna do with all that infrastructure!?” Trust me, they’ve planned ahead and are ready to pull the trigger on the next wave.
3) Websites (they are soon to be nothing more than business cards); thus the entire web design and development as industry will be a thing of the past. Along with it HTML5 is another goner;It was all a farce from the beginning anyway just because of a childish feud between Apple and Adobe.
4) Email autoresponders and ALL email service providers. Regulation killed it and spammers made it not cool anymore. Email is a burden now instead of a cool way to get fast messages.Even SMS marketing of any kind will be totally gone.
5) Credit card merchant processing via gateways (cryptocurrencies will take the place, fees will go down)
6)Video sales letters! Yep, I said it and I can back it up
7) Internet marketing launches
8) Native Ad networks, no one really wants to see any of that crap. It’s ruined the web surfing experience.
9) Webinars of any kind (notice how hard it is now to get people to attend compared to just 3-4 years ago? There’s a blatant reason why…)
10) TWITTER. Dead.
11) and one last boom, all website creation tools and ALL landing page and funnel builders and services. All of them. DEAD I don’t care how big. They are ALL missing the next shift.
I could go on. The list is very long because the Internet has matured enough that people have developed a sense of normal. This is technology. The personal computer was our first love. The mobile phone is the rebound girlfriend. The coming future tech is the wife.
Above is what Matt said. But he is a crazy guy? Well, this is what Clif High, who has been called one of the smartest men in the world said in a recent video interview:
Google and Facebook may not exist in a few years… as they are steeling from advertisers.
However, we will max these resources now before the world knows about this opportunity, and we will use some high end automated SEO (search engine optimization) tools so people find our pages and get involved. The process will also involve gamification (see related article).
Here’s the best part. Matt already have solutions ready to go for all of the above. The lucky 100 will be attending a one day boot camp training/work day in San Diego on January 20, then work hard until April when the business is launches to US/Canada (and will spread to the entire world after that).
Time is critical to get involved – call me (Neal Walters) at 214-455-8060 (9am to 7pm Central Time USA) if you want to know more.
Almost every one of the top 100 crypto currencies are down 35-40% this morning, Friday, December 22, 2017. This day may well be known as the “Black Friday” of the cryptocurrency world.
Waiting for more news to be released as to the reason that precipitated this huge fall.
The general idea is that most cryptos would rise after Christmas when many people share the news of their profits with their relatives. We are about to enter the sharp geometric increase of the “S” curve, where early adopters are in, and the masses (or “herds”) start to buy in. Maybe this price drop will motivate them to get in now and drive the prices up even more after Christmas.
Below is a screen shot from http://CoinMarketCap.com. Of the top 100, all are currently down except Kin and Agoras Tokens. Earlier today ETN (Electronem) was up a little, but it has dropped. For whatever reason, a lot of coins follow up the trend of the BitCoin, the original and “gold” standard of all the cryptos.
Last week CoinBase added “BitCoin Cash” which was a created when BitCoin hard-forked due to lack of consensus. Many believe that there will be a fight or race to see which will be “The BitCoin” adopted by the masses. Many are complaining that the original BitCoin is too slow and the fees are getting to high.
For real crypto fanboys, the best advice when this happens is to HODL – Hold On for Dear Life. Don’t sell, don’t panic. Cryptos all come back higher after each dip!
A second similar crash happened on January 16, 2018.
Check out this video on the differences between these two companies, JetCoin and Gladiacoin.
Our team has put together a self-replicating site called BitCoinsWealth. Once you join that, you get a referral link. BitCoinsWealth is a portal to several BitCoin businesses. It also can be used as a lead capture page for you, and it integrates with your GetResponse and AWeber. If a person isn’t interested in one BitCoin opportunity, he might be interested in another. Why limit your prospect to just one option?
Some are opposed to the doubler programs, or anything high risk. But they might like ICoinPro which is an educational program. It can be purchased with credit card, and thus avoid the barriers that many noobs (newbies) have in setting up their BitCoin Wallets and obtaining their first BitCoins.
Check out BitCoinsWealth.
According to BehindMLM, Gladiacoin may be down and not paying (as of June 2017)
According to the above site, Gladia Coin started in March of 2017 and promised that your “investment” would double in just 90 days. They also claim it was run by “anonymous scammers” and basically called it a Ponzi scheme. That articles thinks that it was the first company to combine cryptocurrency with the age-old “doubler model.” On May 19th, GladiaCoin suspended affiliate ROI payouts for five days citing ‘conditions of the blockchain network’, which sounds like a smokescreen of an excuse.
If Glaidacoin and Jet Coin is not for you, I made 29% my first two weeks with 1Broker. See the link on the right of the page.
The alternative is to trade yourself. I’ve seen people on 1Broker making 150-300% per month, and even more. What’s cool about that site, is that it’s a pure trading site. It’s not an MLM, there is no binary compensation plan. If you are not a day trader, you can simply choose to copy the succesful traders, i.e. do what they do. You can click a button to follow a someone, and then provide how much to invest. I typically set this at 5% of my investment. Since I put in 1/2 a BitCoin, I limit each trade to .05 BitCoin. Most of the trades are in and out in under a couple of hours.
Did you just hear about KarmaKoin? The KarmaCoin is insured by gold, kept in a vault under contract with Brinks security. It is the creation of Matt Trainer and Consumer Reality Services. Matt has combined the concept of gamification with cryptocurrency, and decided to make life fun by creating games for people to play. But these are not ordinary games. These are games that improve peoples lives in the 5Fs: finances, fitness, family/friends, fun. and faith.
NOTE: This is NOT related to the KaramCoin Online Card Game of the same name.
Matt was inspired by several sources, including:
The Karma Koin will be awarded as prizes and tokens in a game called “Mogul” that is launching on July 4, 2017. The game will include a phone app and the prizes are in the hundreds of thousands of dollars, depending on how many people play.
The KarmaKoin is already trading, and can be seen on the following sites:
but note – it might soon have its name changed to Karma Points.
SteemIt is a content publishing and reward system that makes the users, or “crowd”, the “beneficiary of the attention economy.” What does that mean? You can earn a reward called Steem by either 1) posting content that is voted up, or 2) by voting up the content of other people. Steem can be converted into your own local currency.
Int he Steem 2017 Roadmap, the creators stated their goal: “Our long-term goal remains the same: to provide the best platform for censorship-resistant publishing and store of value to the widest user base possible, in an effort to increase human freedom and accelerate the spread of access to basic rights for all people on Earth.”
SteemIt runs on a block chain called “Steem”, and SteemIt is a front end website to interact with the blockchain (implying that other websites could do the same, using commonly available software interfaces). The blockchain is a public accessible distributed database, which records all posts, comments, upvotes and dowvotes and distributes the rewards. The state-of-the-art blockchain technology behind STEEM is Graphene, which also runs BitShares. The Steem blockchain was launched on March 23, 2016. Steemit, Inc. is a privately held company, but I think Steem itself runs like an “distributed autonomus company.”
Compare this to Reddit, Facebook, or even a new site like Medium. On those sites, the site owners profit from your work, where as with Steem, you and your fellow members profit. Steem is not mined like BitCoin, instead it is generated by doing the above activities, and can be earned by witnesses (similar to mining but different, this will be explained below).
Basically, member compete for attention and rewards by bringing quality content and adding value to the platform. They are rewarded by “tokens” which can be traded. Steem is not a way to “get rich quick”. Occassionally you may see a post that earns several hundred dollars, but there’s a good chance that that user has built a following over time, especially of other “power users” within the Steem community.
It is free to join SteemIt, and it is free to post, comment, and vote. Your phone number is required to avoid people and “bots” (robots or automated software) from creating multiple fake accounts. For those interested, there are actually ways to create anonymous or extra accounts for small fees. One of the downsides it that you must retain and not lose your password; the system has no way to give you a new one. It’s basically a security protection, to make sure your account is not stolen along with your hard-earned tokens. Apparently there is a manual approval process; it took me about 5 days to get mine approved, but that probably is because of a recent conference where many of caused a surge of new members.
STEEM and Steem Dollars and STEEM Power and Reputation
There are two items that might be confusing at first: STEEM and Steem Dollar (SBD) tokens.
There is a third concept called “Steem Power” which you earn, but it cannot be traded or spent.
There is a Steam Reward pool, and you can get some of that by posting and curating (voting).
Any rewards are subjected to a three-day holding period before you can cash them out.
Steem is really just a point system, but since the points are altcoins, they can be traded on the market.
To recap, STEEM is the curerncy token for the platform. Steem Power is a measure of a member’s influence, based on how much he or she has contributed to the system. A person can convert his Steem Power to Steem Dollars slowly over a 13 week period in a process called a “Power Down”. Steem Dollars is another currency token pegged to $1 USD. Steem Dollars can be traded with STEEM and used to buy other things in marketplaces, such as PeerHub.com.
PeerHub is A marketplace with a social side. It’s similar to eBay, Craigslist, and/or Etsy combined. Use it to buy — and sell — new, used, vintage, and handmade stuff with people you know, in your local area, or anywhere in the world.
A “Reputation Score” is assigned to each user. It is based on a logarithmic scale, such that a score of 40 is worth 10 times more than a 30. STEEM and Steem Dollars cannot be used for reputation because they can be bought and sold.
Steem is an open platform meant to host and welcome any legal content. Users can post anything they want, whether it be phrases, quotes, blogs, anecdotes, photos, videos, memes, songs, and more. Be creative!
Because of this openess, that means people could post porn, hate, violence or other such material. The phrase “Not Safe for Work” (NSFW) has been adopted by the social word to describe posts that fit this category. By default, NSFW content is not shown; but you can click a checkbox to allow it to be seen.
You can also mute any user you don’t like, and of course, they can mute you too. You can see which users you have muted, but there is no way to see who has muted you.
You have a choice of receiving 100% STEEM Power, or 50%/50% STEEM Power and Steem Dollars, or for some reason, they allow you to choose “Decline Payout” (I’m not sure why anyone would do that).
– Post size – up to 64,000 characters. (Most redaers are willing to read that much in one sitting.)
– Posting Images – you must resize your images before posting
– Posting Videos – Simply include the video link (for YouTube and Vimeo)
– Tags – can be utilized to categorize your post, up to 5 tags are supported
– You use language specific tags to identify the language used for your post
– There is a 20 second wait limit between comments to limit spam
– Text can be formatted using the “MarkDown” standard (see https://github.com/adam-p/markdown-here/wiki/Markdown-Cheatsheet)
You may promote a post with Steem Dollars, causing it to show up on the “Promoted Tab”. If I understand correctly, this is one gives Steem Dollars financial tradeable value. For instance, a Steem member could post good quality articles and earn Steem Dollars. He could trade them on the marketplace to another user who was interested in promoting his article, i.e. someone who wants to do paid advertising. This creates a marketplace of people who have Steem Dollars to sell, and those who want to buy. Others buy Steem Dollars to invest speculatively, counting on the price increasing, when they can sell for a profit.
Each day, new tokens are generated by the system itself based on a “yearly inflation rate” (I have no idea yet what the inflation rate means.) 75% of those go to the “Reward Pool”, 15% to the holders of STEEM Power, and 10% to pay the witnesses that power the blockchain. (The witnesses are computers that run the system, the closest thing Steem has to cryptocoin miners, but still very different. Briefly, they are elected by those that have STEEM Power. According to the FAQ, there are only 20 full-time witnesses operating the system. But if you go https://steemit.com/~witnesses you see a list of 50. Maybe these are potential or available witnesses, out of which only 20 are full-time? They say you can vote for 30.)
From the reward pool, 25% is awarded to curators (people who upvote posts, thus curating it and bringing it to the attention of others), and 75% is awarded to the content creator (the authors). The amount the curator (voter) gets changes over time, because at first, a larger portion of it is awarded to the content creator.
Upvoting and downvoting doesing add or remove ‘currency’ from the reward pool; but rather changes how that pool is divided up.
Most importantly, votes are “stake-weighted”. Those that have more STEEM Power have a bigger influence, but high-staked voters don’t increase the overall rewards. So for example, Stan Larimer is one of the founders of BitShares and father of Dan Larimer, founder of SteemIt, so he probably has more STEEM power than most users. So if he upvotes your post, you will probably get a bigger reward.
Each post has a “potential reward” shown on the screen, and the number can go up or down based on the overall allocation of the rewards. So for example, if you post the best post of the day, you might have the biggest reward, but if that afternoon, someone else posts a better post, and it gets more upvotes and more powerful people (based on STEEM power) voting for it, your reward might actually go down.
Posts and comments remain active for 7 days. After that, you can claim your earned rewards to your wallet.
When you join, your voting power has 100% influence, but the more you vote, that influence goes down. They compare it to an “energy bar” in a typical online game. It gets recharged 20% every day. Based on this, you can get about 40 full strength votes within a day without totally depleting your voting power.
Beginners have no choice on how much of their power to vote with. But when you reach 500 in STEEM Power, you will see a slider when you vote, where you can direct between 1% and 100% of your voting strength to the particular post. This is one of the factors of trust; i.e. trust users are ones that have been on the system longer to accumulate that much STEEM Power, or perhaps invested money into the system to buy that power. Upvotes and downvotes use the same amount of voting power (but downvoting does earn curation rewards). You can see your own (or any other member’s) power and history on a third party site, such as http://steemd.com/@accountname.
The roadmap quotes a report that says: “All data we have available suggests that most mainstream internet users have already or will soon stop using traditional personal computers to access the internet, opting instead for mobile devices exclusively.”. Thus, they want to get Steem working on mobile devices as soon as possible.
They also recognize the need for a “signing service” to allow third-party sites and apps to allow users to take actions, without turning over their keys to that third party.
The Steemit, Inc.-controlled primary account, @steemit, which holds approximately 41% of the platform’s Steem Power, will be gradually divested of its holdings in an effort to increase
promotion and development of the platform, and this distribution shall further the platform’s security through decentralization of voting power.
To get an idea of how many developers are playing with Steem, check out the Steem Toosl and apps here: http://steemtools.com
I suggest you sign-up for a free Steem account. Add a profile picture, then get involved by making a few posts or blogs, replying to other blogs that interest you, and upvoting what you like. Start to build your following, and you might have some Steem Dollar and Steem Power in a few months.
Signup For A free Account on SteemIt here: http://steemit.com?r=nealwalters. It may take several days to get your approval/confirmation email.
At the CSR Conference at LA Center Studio last week, we learned about four converging and disrupting technology/trends: 1) Gamification, 2) Virtual/Augmented Reality, 3) Cryptocurrency, and 4) Crowdfunding. This conference was put on by Matt Trainer, of “The Trainer Method” and “Consumer Reality Services”.
At the beginning of several sessions, the high-tech LED screen on stage showed the trialer of the 1997 movie “The Game”, starring Michael Douglas. What do you give to the man who has everything? Well, his brother, played by Sean Penn, bought him a custom tailor experience by a group called “Consumer Recreation Services”, which obvious inspired the name of Matt Trainer’s company. Michael Douglas life was spun into a harrow and life-changing adventure for a few days, but he didn’t know it was a game. It’s hard to imagine they could have actually orchestrated it, and kept the player safe, given all that he went through. But at the end, he was refreshed, and became a “new man” with a new lease on life.
Mark Hoverson gave a few talks on Gamification, and introduced his new book ” Reality Gamification: The Creator’s Guide To Transforming Our World.” Why was Mark qualified to speak on this timely topic? He has implemented his own WordPress gamification platform on at least two of his own brands: 1) Limitless, and 2) Invisible Empire, along with a program designed to help kids become entrepreneurs with “The Great Lemonade Crusade”.
In each of these platforms, people register and they get assignments and compete to get the tasks done. They can win prizes like a coffee cup, a backpack, a ring, or other SWAG. They may also have a deadline on their tasks, or they could even be kicked out of the system. Leaderboards and badges have been a part of gamifications. Even back to 1980 Atari games, winnners could put in their initials to be placed on the leaderboard of high scores, which probably encouraged a lot of additional quarters to be spent on playing those games in the video arcades of that era.
In the upcoming year, it will be easier than ever to now provide prizes in the form of cryptocurrencies. For example, BitShares is currently selling for about 7 cents a share. That’s a cheap prize to buy now, and it could be worth 1000 times that much in a year or two. So in other words, a share at 7 cents today, might be worth $70.00 or even $700.00 in the future. A company called BitSharea allows use to even create your own BitAssets in under an hour. For example, I have a site that teaches people the Hebrew language, so I could create a coin called HebrewHeroes or HebrewNuggets and give them away as prizes.
CSR has aligned with BitShares as the cryptcurrency of choice. It’s 1000s of times faster than the current BitCoin implementation, and all kinds of flexibilities built in. Stan Larimer and Michael Taggart from BitShares were at the conference, and it was Stan’s son, Dan, who basically created BitShares.
So gamification is fun, but how does that help you as a business person? If you sell an “info product” or a course, we know from statistics that a large percentage, even as much at 90% of the people that buy a product never use it. Back in the days of physical products, many never even unwrapped or unboxed it, or played the first cassette, audio-CD, or DVD. With online courses, people forgot they bought it. They might login once or twice. Other want to learn, but they get discouraged and quit.
By making learning a social game, it brings out the best in people. Some are really into the competition. Others just need the course broken down into simple steps they can follow. Each time they complete a task, they get some points, or a badge, or earn some SWAG item, then they get a release of dopamine and/or seratonin in their brains; and they come back for more. Look today at people who are addicted to their PlayStations and XBoxes. Some are known to lock themselves in a room and play all night or all weekend, or even be late to work because they are playing a game.
Gamification also increases the customer satisfaction, because now you have students who complete the course, and then achieve the desired benefits or outcomes of that course. Then they are happy they bought it, and more likely to refer you, your company, and your products to their friends. In Mark’s courses, posting on social media is even one of the tasks, in order to help make the course go viral. A happy customer is also likely to upgrade to more expensive products and buy future courses from you.
I will be working with Matt Trainer’s team on the upcoming July 4th launch of Mogul – which will a gamified course of how to make money on the internet, i.e. how to become a mogul (an important or powerful person). To learn more about it, there is a box on the right of this blog where you can sign-up to get notifications when it becomes available. It’s targeted for July 4th, so probably the week before that, we will have the first videos about what this game will be.
A few weeks ago, I was looking at various BitCoin opportunities that I had seen advertised. There was one called Gladiacoin that caught my eye, but I was suspicious about it. It might be legit, but it kind of smelled like a Bernie Madoff Ponzi schema based on the latest cryptocurrency craze.
This lead me to discover 1Broker – a trading platform. Now, I’m not a day trader, i.e. I never master the technical skills and the so-called “Greeks” to make my own trading decisions. However, on this platform, you can simply follow any other trader. Some of the top traders made 200-300% return on investment (ROI) in the month of May 2017.
What does it mean to follow them? When you click the follow link, a screen pops up and asks you basically two questions. How many trades per day do you want to make, and how much investment per trade.
One of the concepts of day trading, is how many losing trades can you maek before you go broke? However, these top traders have some smooth moves, and one of them is to limit your losses and let your gains run. In other words, when you make 25 trades, maybe half of them will be losers, but the losers might be for 1%, and the winners will be 1%, 5%, 10% or 25%. Day trading is not for people who cannot handle the small ups and downs.
I cannot promises you any successful results, but i can share with you what I did and what happened with my investment. As a first time user of the system, I put in a small amount of .5 BitCoin (half a Bitcoin, worth about $1200 USD. After my first two weeks, I had .645 BitCoint in my account (so that’s after any fees have already been taken out). That’s a 29% ROI in just two weeks.
I will be ecstatic if that continues. I did the math in a spreadsheet, and at that rate, $1000 will turn into $264,698 in one year if your let it compound at 29% every two weeks (and don’t withdraw any of the profits). At the same time, you are holding BitCoin instead of USD, so there’s a good chance that will continue to rise as well. So if BitCoin itself doubles in the next year, 2x $264,698 = $529.396.
Some of the top traders to follow are 3.14FX, Bruce Lee, and Ambroid.
If you already have BitCoin, you can try it yourself with this link: 1Broker
If you dont’ have BitCoin yet, I suggest you sign-up with CoinBase. It will take a few days. You will have to create a CoinBase account, and connect it to your Bank Account so you can Buy and Sell BitCoin (based on USD).
If you don’t want to go through that, you can set up a wallet and buy BitCoin from a local dealer.
The video below shows how to follow-through with these steps.
Then did BitCoin, the first cryptocurrency, make a 1000% price increase? I checked back on some old price charts of BitCoin, and it went from $.06 in 09/25/2010 to $8.05 07/18/2012, and to $62.50 in 03/23/2013, and to $641.23 in 11/20/2013. The reason I picked those dates are they are the closest dates to a power of 10 increase in the price. From $.06 to $6.00 is a 100 fold increase, and from $.06 to $60.00 is a 1000 fold increase, and from $.06 to $600 is a 10,000 fold increase. A 10,000 fold increase is the one that changes a thousand dollars to a million.
A 10,000 fold increase means add “four zeroes” to your original investment. So if you would have investmented $1,000in BitCoin on 09/25/2010 at $.06, you would have had $1,000,000.
So if you didn’t get in early on BitCoin, you can still make money. Some believe it will go from it’s current price around $2400 to $500,000 or $1,000,000 by 2030. But are there any opportunities today that can give you that 10,000 fold increase without waiting 13 years?
First, let me point out that after BitCoin paved the road, many other “alt-coins” followed. An alt-coin is some other cryptocurrency or digital currency that operates somewhat like BitCoin and can be traded.
The one that I’m investing is currently BitShares. It’s built on a platform that doesn’t harm the enviroment like BitCoin does. BitCoin requires tens of thousands of miners performing number crunching cryptographic calculations on special chips. That results in heat, and thus more cooling costs; so BitShares is much more ecologically friendly.
But beyond that, BitShares is 1000s of times faster than BitCoin. While BitCoin may or may not get improved in the future, BitSharea is currently capable of completing transactions in a few seconds instead of the 20 to 40 minutes it might take to confirm a BitCoin transaction. Alt-Coins and Crypocurrencies are still in intial adopters stage. Remember the first guys to have a TV on the block, or the first to have a pocket calculator, the first to have a video game, the first guy to have a cell phone or smart phone, and so on. There are always early adopters, typically the geeks who must have it first. But in the next two to five years, everybody else jumps on the bandwagon.
According to this blog: http://bitscan.com/bitnews/item/how-many-people-really-own-bitcoins-and-why-does-it-matter, there were only 2.5 million accounts that had money in them. That is .03% (under one third of one percent) of the 7 billion people on planet earth. If digital currencies become as popular as smart phones have, then
More people have cell phones than toilets.
More People Have Cell Phones Than Toilets, U.N. Study Shows
This article suggests that 70% of the people on earth will have a cell phone by 2020.
So imagine when cryptocurrencies go from under 1% to even 10%. This is likely to cause a huge spike in the prices of cryptocurrencies. As with cell phones, we have winners like Apple and Samsung and a few others, there will be some coins that win the race, and their prices will skyrocket.
I believe BitShares will be one of those alt-coins. Now, the amazing thing is that BitCoins today is like a pennystock. It’s cheap to buy, only $.07. That’s why I picked the closes price possible in my BitCoin example above (remember it went from $.06 to over $2700 at one point. That kind of profit makes Bill Gates and Warren Buffet look like ninnies. I think BitShares is set to do the same kind of price increase, and I believe it will happen in less time. It took BitCoin from 22 months to go from $.06 to $8.05, then only 8 months to go to $62.50, then only 8 more months to go to $641.23. But BitCoin was the pioneer. As people are now more accustomed to BitCoin and cryptocurrencies, hearing about it in the new everyday, the other coins will rise faster.
CSR is actually doing a Billion Dollar prize. The details aren’t fixed yet. But I believe it’s based on the idea that they are investing $1,000,000 in the BitShares Market Hero, and then expecting it to go up 1000 times in the next year or two, turning their $1 million into $1 billion. That means if BitShares simply goes from $.07 to $70 they will have achieved that goal. (Let’s do the math again – $.07 to $7.00 is a 100x increase, and $.07 to $70.00 is a 1000x increase.)
The Market Hero is a little hard to understand at first. I’ll save that for the next blog. But it’s based on BitShares and runs on the BitShares platform. You put your money in both BitSharea and the specific Market Hero to take advantage of a surge in each.
Disclaimer: I am not an investment advisor, and I cannot make any claim or guarantee of any kind. I just know that I will be investing in BitShares heavily in the next few months.
Bitshares is built on Graphene. Several sites and businesses thrive around the Bitshares/Grapphene ecosystem as shown on this diagram:
About 150 entrepreneurs met at Los Angles Center Studios May 26-28, 2017. Consumer Reality Services (CRS for short) is the brain child and materpiece of Matt Trainer. He’s a humble man who doesn’t like to be called a “guru”, but in effect, he has put together one genius of a system. Matt has stretched the limits of almost every business he has done, and admits there were ceilings in all of them. His goal is to invent a new business where there are no limits. He has built this business around four new and converging technologies: cryptocurrencies/blockchain, virtual and augmented reality, and crowdfunding. (Note: The videos on this blog are not from the conference, but they do showcase some of the speakers at the conference. It was so amazing to have them under one roof in one weekend.)
In the lobby of the studio, attendees were having fun donning VR headsets, many for the first time. A person could try the whale simulation, a 3D paint program, or a virtual job where you are given a virtual cubicle, and a robot/computer assigned you lowly tasks.
The conference was included key thought-leaders and influencers in each of the above fields, along with one of the best LED sound stages, sound and light crew, and really cool entertainers.
Mark Hoverson spoke on how he has used gamification to build his businesses: Limitless, Invisible Empire, and “The Great Lemonade Crusade.” He even provided all attendees a physical copy of his new paperback book that he just published. Gamification involves turning a business, product, or course into a game. Customers frequently purchase a product, then never use it due to the “creative burden”, i.e. not knowing what step to take. People love to play games, and they bought the course because it met some need or desire they had. But turning in into a game, and providing simple action steps, deadlines, and a reward system motivates people to use the product. This furthers customer satisfaction as they are happier with a course they benefited from and “played”, vs some course they bought, maybe watched a few videos, but never implemented. To start the gamification process, ask what the “hero” of your game would be like.
The video below is from a much older speech by Mark at a different conference, but it gives you an idea about who he is.
We had several workshops during the conference. At one point, we broke into groups of three, and practiced pitching your business, course, or website. Winners received souvenir collectible silver coins that Matt had minted with the CSR logo. Some people stayed Sunday to pitch their business on Matt’s pilot show of “Startup Hollywood”, a “SharkTank style” show, shot in 3D. In another workshop, we paired up and went through Mark Hoverson’s steps of how to gamify our existing businesses.
Long time martial artist and karate school owner, Jesse Elder, spoke on self mastery and some deep philosophical thoughts. My favorite quote from his speech was this question/answer: “What do you give the person who has everything? Amnesia.”
Greg Reid was our motivational speaker, who handed out more than 10 different best sellers he had written. Greg is the creator of an exclusive group calld “Secret Knock” (see videos below).
Below he quotes how Evander Holyfield said his secret to success was having a higher standard (showed up early, left late, invented exercises, had a higher standard and won more championships than anyone else ever will).
Dr. Doug, aka Douglas Brackman PhD, is a psychologist who has spent his career working with anxiety and addiction. He filled us in the last research and FRMI studies, and how are “two brains” work. He specifically talked about people seeing a coiled object, and they have to decide if it is a snake or a rope. Obviously, seeing a rope when it is a snake could kill you. But always seeing a snake (which happens more in stressed people) means who can pass on many great opportunities. We learned about the Central Nervous system and the Vagus (vagal nerve). When your old brain and new brain seamlessly blend, then you are in a state of flow. He also claims that everything is a game – your health, your finances, your life. Dr. Doug is excited about the prospects of using Virtual Reality for psychological training; he anticipates that he will be able to shorten three years of work down to 3 weeks, 3 days or maybe even 3 hours.
Stan Larimer and Michael Taggart spoke on what’s happening at BitShares. One of the biggest problems with BitCoin is that it is slow, where as BitShares operates at light speed compared to the horse and buggy speed of BitCoin. BitCoin can take 10 or 20 minutes to confirm a transaction; and that means it may never make it as a point-of-sale currency, like a cash registered at your local super market or pizza store.
The video below is by a different author, but it gives some of the same concepts
On the tech/hardware side, we had the star of the YouTube “Dronr” channel. He gave us a brief history of drones and camera/drones, and how they can be used in business applications: mapping, farming, inspection, surveying, modeling and delivery.
Manda Shelby spoke on VR – you can see her at 13:30 in the video below:
David Metzler from Serenity Venture Partners showed how any good business can get crowdfunding. his company consists of lenders who are passionate about creating and growing businesses. He demonstrated how you can stair step a startups financing in 3 phases, uses crowdfunding. This was not possible until after 2012, when the laws changed, allowing anyone to go out and do “general solicitation.”