I have been messing around with cryptocurrency for about 1 year now. And here is what I discovered…
https://steemit.com/@brucebrownftw
https://cointelegraph.com/news/interv…
https://coinmarketcap.com/coins/
https://www.youtube.com/watch?v=xISO82y4AAA
I talk about why I bought more cryptocurrency during the 1/16/2018 Dip. I talk about how I use the Trezor and ledger for a lot of my crypto. Some troll hops on and starts telling everyone bitcoin is a scam.
SALT stands for Secure Automated Lending Technology. It allows you to keep your cryptocurrency (bitcoin, ethereum & crypto) and borrow against it. SALT Lending holds the value of the cryptocurrency and borrow fiat currency (USD, YEN, EURO). This could change the world of lending.
You could borrow without having credit checks and proof of income. And the lender holds actual collateral. I hope it works. It is definitely a good idea, but there may be some drawbacks.
1. Cryptocurrency volatility. Since the value of cryptocurrency can go up and down so rapidly how can the lender and the borrower maintain the agreement? The borrower is supposed to make up the difference between the amount borrowed and the collateral if the crypto being held goes down.
2. State by State Regulations. Lending is regulated by each state so Saltlending will have to be authorized to act in each state.
3. Centralization. There are pros and cons to centralization. Pros: regulation requires it, faster decisions. Cons: easier to attack, governments can shut it down or apply restrictions in their areas, organizational greed.
Someone asked me how to buy alt coins with bitcoin. I go to coinbase and buy bitcoin then use that to buy altcoins on bittrex. I recently found out the GDAX (owned by coinbase) and Binance is better. This is just ONE way to do it. Definitely not the best.
We are in the 1990s of Cryptocurrency. It is very exciting, very risky with SO much opportunity. Cryptocurrency is changing the world. If you are interested in knowing more about it check out these resources: Andreas Antonopoulos https://www.youtube.com/user/aantonop check out his book https://www.amazon.com/Internet-Money… Chris Dunn https://www.youtube.com/watch?v=000Ut… So far my favorite cryptocurrencies are: Dash, Ark, IOTA, Steem
We want to let you know that our security team has recently detected a series of phishing attacks and some of our users have already been affected. During these attacks, malicious sites impersonating Xapo’s platforms, requested crucial security information such as login credentials from our users.
At first glance, it is extremely hard to tell the difference between some attackers and a real site. This comparison below shows how difficult this can be.
FAKE XAPO Address
Correct Xapo Address
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Best
This video was done in May 2017. I did my first Bitconnect loan to try it out. A LOT has changed since then. For one thing the price of the bitconnect currency (BCC) has gone from $16 to $127. There is also a huge divide on BCC with some calling it a scam and others making money on bitconnect for the last year. I will give an update on my current status on this soon.
In June 2017, I tried to get the sia coin wallet to work. The concept has potential.
Sia splits apart, encrypts, and distributes your files across a decentralized network. Since you hold the keys, you own your data. No outside company can access or control your files, unlike traditional cloud storage providers.
Back in May (2017) I bought about 200 dollars worth of an altcoin called #digibyte. This was after they announced they had a project that would allow gamers to mine real cryptocurrency within a Minecraft server. I was excited. The currency actually did get up to a few thousand dollars but then it dropped down shortly after the announcement and after they lost a contest for a separate blockchain technology they had.