The Simplest Way For Bitcoin To Take Over Global Remittances
Today I would like to revisit one of the most obvious use cases for a cryptocurrency like Bitcoin and that is global remittances. I walk through an example of me wanting to send £500 from the UK to a friend of mine in India. I compare using Western Union to using the Bitcoin network to accomplish the same thing.
**On today's episode of The Cryptoverse:**
Bitcoin Cash is born but seems to be struggle a little bit.
Segwit continues to march towards lock in.
And Bitcoin services start coming back online after the hard fork.
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1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT
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LcWP642P7NYTHg7wC6LscdeBi9wHcj45LB
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**Sources:**
https://coin.dance/blocks
https://pool.viabtc.com/
https://cash.coin.dance/blocks
https://btc.com/
https://shapeshift.io/#/coins
https://www.kraken.com/
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https://www.youtube.com/watch?v=z3zS50MJdJA
U.S. presidential candidates Hillary Clinton and Donald Trump remain clueless about the latest technological innovations, such as: artificial intelligence, the Internet of Things, and one of the biggest inventions ever, Bitcoin. These innovations are the very technologies currently transforming human civilization.
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Sources:
https://news.bitcoin.com/trump-clinton-bitcoin-illiteracy/
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It is finally time to get access to your Bitcoin Gold.
Let’s start by having a quick look at the Bitcoin Gold price chart…
https://www.coinigy.com/?r=16171fe8
The price has almost double in the last few days but is still way off it’s all time high.
Some people will have left their Bitcoin on an exchange and been able to trade their Bitcoin Gold immediately, whereas I’m more conservative, patient or cautious, whatever you want to call it.
As you regular viewers will know I use and recommend the Ledger Nano S hardware wallet so I’m assuming you took my advice and had your Bitcoin in your Ledger wallet when the Bitcoin Gold snapshot was taken.
If you don’t yet have a Ledger hardware wallet then click on my referral link in the video description, get yourself one and support The Cryptoverse at the same time.
https://www.ledgerwallet.com/r/d1da
Step 1 is to make sure you have the latest version of the Ledger Bitcoin wallet app installed.
To check that go to Settings and the version number down here should be higher than 1.9.9. I have 1.9.10 so I’m good.
Step 2 is to make sure your Ledger hardware wallet has a firmware version that is version 1.3.1 or higher.
To check that you use the buttons on the device, quit any apps that you have open so you can get to the settings from the main menu.
Then select, device, then firmware, and mine says Secure Element 1.3.1 so I’m good to proceed.
Step 3 is to install the Bitcoin Gold app on your Ledger device.
To do that you need to close the Bitcoin wallet app on your computer. You may still have this open from when you checked the version number.
On my computer the Bitcoin Gold app is listed at the bottom.
The first time I tried this I got an error message saying the storage on my Ledger device was full.
That meant I had to delete the LiteCoin app temporarily to free up some space. It’s OK to remove the apps because it doesn’t affect your coins, you just re-install the app later.
To remove an app from your Ledger wallet you just click the delete button here from the Ledger Manager.
Once you’ve installed the Bitcoin Gold app it should appear in the menu on your Ledger hardware wallet screen.
Now you can close the Ledger Manager and open up your Bitcoin wallet app.
Now open up the newly installed Bitcoin Gold app on your Ledger device.
Click on the BTG Split Tool which is hidden down there.
When the Bitcoin Gold snapshot was taken, I had my Bitcoin in my segwit wallet so I’ll choose Segwit.
Because I’ve already done this once it went straight in, however the first time you do it you’ll need to wait for the wallet to sync.
Once it has synced, boom, you are done. You have access to your Bitcoin Gold to spend or to send to an exchange if you want to sell them.
Just 2 weeks
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https://www.youtube.com/watch?v=2NUp8wuLK34
Chris Coney Recaps Anarchapulco Day 1
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Stories and Sources:
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https://www.youtube.com/watch?v=gM2yIKcTeWw
There are signs a majority of the Bitcoin universe’s opinion is shifting in favour of larger transaction blocks, after an overwhelming poll vote.
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Original article:
https://news.bitcoin.com/unsung-arcade-city-1000-meals/
https://news.bitcoin.com/bitcoin-whales-vote-larger-tx-blocks/
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Welcome to episode 2 of a brand new series I'm calling 'Invest With Me!' a show where I pledge some money to an ICO live on the air with my own money.
This is the recording of a livestream that began 30 minutes before the ICO opened and I will covered what happened, as it happened.
This show is designed to serve both as a demonstration of the process as well as pure education and entertainment. The ICO was so popular I wasn't actually able to make my investment.
Nothing in this show is intended to be investment advice.
This video was NOT sponsored by EOS and no one from EOS will be featured in the show, it's just you and me.
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**Sources:**
The EOS Project Website
https://eos.io/
The EOS Whitepaper
https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md
Steemit Article By EOS 'Logically Consistent Principles for Token Distributions'
https://steemit.com/eos/@eosio/logically-consistent-principles-for-token-distributions
Bitfinex blog post regarding the EOS listing:
https://www.bitfinex.com/posts/208
Frequently asked questions about EOS:
https://eos.io/faq.html
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0:56 Story - Binance Launches Desktop Software For MAC
https://support.binance.com/hc/en-us/articles/360002006552
That means you download this software app and access the Binance exchange directly without using your web browser or the world wide web.
That means your interaction with Binance through this app is much more secure than using a web browser and it also means it’s harder for Binance to be censored if clients are connecting directly.
Combine this with a VPN and you’ve got yourself a nice little setup.
This desktop app should also be much much faster than loading the exchange from the web.
I’ll say it yet again. Binance may get ribbed for their fees but you can’t rib them when there is clear evidence that they are diligently investing in research and development to improve their service.
This is particular impressive behaviour since once a company reaches the position of market leader they tend to get lazy.
Binance however are making sure they stay ahead so they don’t get caught napping.
If you don’t already have a Binance account by the way I’d appreciate it if you’d sign up using my referral link in the video description and I’ll earn a little bit of commission for that:
https://www.binance.com/?ref=10890655
Story - Twitter CEO Dorsey Believes Bitcoin Will become the World’s Single Currency in 10 Years
https://coinjournal.net/twitter-ceo-dorsey-believes-bitcoin-will-become-the-worlds-single-currency-in-10-years-by-rebecca-campbell/
That’s bold.
He also said it could happen sooner than 10 years.
And would you believe it [red]
So at least he is expecting Bitcoin to become the world currently while putting his money into helping make that a reality.
However, bad news for the Lightning network recently…
https://www.trustnodes.com/2018/03/21/lightning-network-ddos-sends-20-nodes
When almost 20% of the network suffered a denial of service attack.
This is one of the downsides to having major hubs in a Lightning network, it creates a focus point you can attack for maximum disruption, which is not something you can do to the Bitcoin network.
2:13 Story - Starbucks to begin blockchain pilot project to trace coffee from bean to cup
https://news.starbucks.com/news/starbucks-to-pilot-bean-to-cup-traceability
Straight from the horse's mouth news.startbucks.com.
[red]
Ding, ding, ding, an open source approach, I thank you.
[orange] see that’s why crypto cannot be stopped, because it will just do the runaround, go to developing countries and then slip in the back door of developed countries, noth
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https://www.youtube.com/watch?v=NA4nr80y_3E
**On today's episode of The Cryptoverse:**
I’ll talk about how the Equifax data breach is the perfect example of why know your customer regulations are dangerous, AND you can now store your Ark tokens on your Ledger hardware wallet.
Learn how to make money with Bitcoin and cryptocurrencies at:
https://www.cryptoversity.com
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**Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Patron:**
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**Tip Me With Crypto:**
Bitcoin:
1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT
LiteCoin:
LcWP642P7NYTHg7wC6LscdeBi9wHcj45LB
Dash:
XoJrvgobQAtphXmcxStATPJQUgZYpWVMFu
Ethereum:
0x3a8c8a9932f53a7224b51b6373cf2c726ab9b721
**My Social Channels**
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**Here are a few services I recommend:**
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Vaultoro: https://www.vaultoro.com/?a=100678
Ledger Hardware Wallet: https://www.ledgerwallet.com/r/d1da?path=/products/12-ledger-nano-s
**Sources:**
https://coinmarketcap.com/
https://www.coinigy.com/?r=16171fe8
http://www.nexusearth.com/
https://themerkle.com/equifax-data-breach-demonstrates-the-value-of-cryptocurrencies/
https://blog.ark.io/ark-desktop-wallet-update-1-3-2-mandatory-for-ledger-hardware-wallet-users-518b11fb2806
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