Protecting your Cryptocurrency

1. Backup today

You can never say it enough: back up your wallet. If you haven’t yet backed up your wallet, do it now.

Most hardware and software wallets use an industry standard backup protocol called BIP 39 that allows your wallet backup to be 15  English words.

It"s important to write the words down, on paper, in order, and securely store the backup somewhere safe from people, water and fire. If you don’t back up your wallet, you could well lose your bitcoin. Forever. Greater security involves using a brain wallet https://en.bitcoin.it/wiki/Brainwallet

2. Check on your backups

The new year is a perfect time to check on your important papers, including your wallet backups. Can you still access them? Can you still read the words? Are they secure from fire, water and theft? If you"ve given the backups to someone else (lawyer, accountant), ask them to check their storage.

3. Set a calendar reminder

While we all know we should be checking our backups, wallets and estate plans regularly, it"s hard to remember to do it. Add a reminder to your calendar now, to check all these things again in three, six or at most 12 months.

4. Move money off your smartphone

I have never been a fan of having money or bank information on my phone and with the increase in the Cryptocurrency prices, you might be shocked at how much money you"ve been carrying around on your smartphone.

Now is a great time to move your coins onto a hardware wallet or into cold storage. Hardware wallets are very easy to use, with user-friendly software components, and are considered one of the safest ways to store bitcoin.

While it"s great to carry petty cash or spending money on your phone, never carry more Cryptocurrency on your smartphone than you would carry as cash in your wallet. maybe create a separate wallet just for your phone

5. Move your money off exchanges

If you have coins sitting on an exchange, move them out today to a wallet you control.

Most of the popular exchanges pool coins and while you have a "balance" showing on your account, you do not actually control the keys. If the exchange gets hacked you could lose your money. Remember that you only control the chryptocoins if you control the keys: "not your keys, not your bitcoin".

6. Upgrade to two-factor authentication

Add two-factor authentication to your bitcoin-related accounts and to all other important online accounts. The best two-factor solution is a hardware token and you can buy one for just $20–$30.

Otherwise use a smartphone authentication app, such as Authy or Google Authenticator. SMS is not a very good two-factor solution, though it is still better than none at all.

7. Use a password manager

Humans are great at identifying patterns and that makes us terrible at randomness. Password best practises – choose a different random password for each site, never write them down – pose management problems.

For most people, the only way to accomplish this is to use a password manager – one which generates and stores your passwords securely on multiple devices. Popular managers include 1Password, Roboform, LastPass, and the open source KeePass.

Many offer free basic services, with premium services costing less than $80 per year. They"re easy to use and in just a couple of weeks you’ll never want to be without one again.

8. Plan for your family

If something happened to you tomorrow would your family be able to access your cryptocoin? While this tip takes time to implement, it"s worth it.

It shouldn’t take you more than an hour to make a plan and decide who you want to get what, write down instructions and tell your family about your plan.

Be sure to consult an attorney, to make sure your plan is consistent with local law and can’t be challenged in a court. If you have a will, trust, or other estate plan, let your attorney know that you have new assets that need to be included in your plan.

Getting your first Cryptocurrency is becoming easier and easier, but keeping it safe from hackers, insolvent exchanges, and loss isn"t as easy.

These 8 tips will help you bring in the new year with a renewed sense of confidence that you can safeguard the  Cryptocurrency  that you have, especially now that it’s worth a lot more.

David Ogden
Entrepreneur

Steven Cavan

Republic of Georgia to Introduce Blockchain Platform for Real Estate Documents

Republic of Georgia to Introduce Blockchain Platform for Real Estate Documents

Source: https://www.cryptocoinsnews.com/republic-georgia-introduce-blockchain-platform-real-estate-documents/ Samburaj Das on 02/01/2017

The country of Georgia is set to introduce and implement a blockchain platform that will enable citizens to receive information about real estate digitally from documents stored on the distributed ledger.

Announced last month by Georgia’s Minister of Justice Tea Tsulukiani, the blockchain platform will be put to use this year, in 2017.

Reported by regional publication CBW, the official added:

“Thanks to efforts of Public Registry, Georgia is ready to join this system. We suppose that in 2017, as the first step of insertion of documents, we will store real estate extracts in the system. We will provide detailed information for our citizens. The main thing is that we have attained technical compatibility. As a result, Georgia will be one of the first countries in our regions and western Europe to establish this technology.”

News of Georgia’s sweeping state-backed move to store real estate documents on a blockchain follows other similarly notable endeavors in recent times. For instance, the Dutch city of Rotterdam announced its aim to develop a blockchain project pilot that will conclude legally binding lease contracts in real estate within the city.

Sticking with Netherlands, banking giant ABN AMRO launched a blockchain application called Torch, last month. Developed in partnership with IBM, the blockchain app will record details accessible by buyers, sellers, landlords, tenants, banks, notaries and even regulators.

Moving stateside, properties in Cook County in Illinois, US, will be the first to be conveyed on a blockchain by a government agency. Developed by Velox, a blockchain technology provider, the project will help provide better information on vacant Chicago buildings to prevent fraudulent conveyance of property. The government office sees blockchain technology to enable a ‘next generation land records system’ and is among the earliest known efforts of a government agency tapping the bitcoin blockchain for a real-world project.

Join Markethive, the FREE Market Network

Dennis Roeder

Markethive Member

skype: daroeder

 

  

 

Steven Cavan

Will Bitcoin Reach One Millions Dollars?

 

Will Bitcoin Price Reach $1 Million U.S. Dollars? Yes, and Here’s Why:
by Evander Smart

Bitcoin’s price versus the US dollar is the most searched keyword for Bitcoin, along with “What is Bitcoin?” The

Bitcoin price is important under many circumstances, primarily exchange rates with any fiat currency, which are

based on US dollar rates to some extent.

Now that Bitcoin’s price has more than doubled since January, the Bitcoin trolls and haters are noticeably silent this

holiday season (funny how that works). Now that the good times are rolling, again–for Bitcoin as a global currency and

an exchange of value–how far can this go? What is the ceiling for “the future of money”?

Some in the mainstream have actually been beating the drum in favor of Bitcoin as a long-term investment. Henry Blodget

of Business Insider used Bitcoin’s peaking value (back during the Mt. Gox bubble in the fall of 2013), to pontificate a $1 million

value down the road. That article received over 100k views, at a time when Bitcoin couldn’t have been more exciting to the mainstream,

leaping from $125 USD to over $1000 USD in one fiscal quarter.

Not too long ago, The Street took Bitcoin blogger Datavetaren’s word in a recent interview that not only will Bitcoin reach $1 million USD in value,

but it will replace gold as the economic “safe haven” of choice. In a Bitcoin bull market, are we just taking a trip to Fantasy Island, or

is there real digital gold in these economic graphs, long-term?

If you look at Bitcoin from all sides, it is hard to come up with a failing conclusion, if you go out far enough. As Nick Cary

tweeted this morning, Bitcoin daily transactions are setting records this holiday season, passing 100k per day, so demand

and usage are at all-time highs. As Bitcoin price continues to increase, the mainstream media struggles to castigate the digital currency.

Bitcoin will undergo a halving next July, dropping production to 12.5 BTC every ten minutes, which certainly won’t hurt Bitcoin’s price in

the long run. This may cause miners to sell more Bitcoin holdings to maintain operations in the short-term, so there will be attrition at play.

This can act as a counterbalance to the natural appreciation, at least for awhile–don’t expect BTC values to double by next fall, but I would

be bullish over time on Bitcoin values. When demand, which is increasing steadily, swamps supply, prices rise over time.

A factor no one talks about is the long-term value of the “global reserve currency,” the dollar itself. The US government will tell you inflation is

a mere 2% at worst, and many times, they’ll even say there is no inflation at all if you let them. Anyone who has bought a car, a pound of beef,

or a bitcoin for that matter will tell you otherwise. Real-world inflation–not the contrived and manipulated CPI–is more like 5% per annum, not 2% or less.

Many experts are also forecasting the end of the U.S. dollar’s run as the global reserve currency by the end this decade. Superpowers like Russia and

China are working night and day to upset the global economic dollar-based shopping cart. The AIIB (Asian Infrastructure Investment Bank) and the

BRICS (Brazil/Russia/India/China/South Africa) have created a we-hate-the-dollar investment bank, and new Silk Road construction from China, through

Russia, into Eastern Europe are all signs of a geopolitical economic shift for the ages.

In an environment where the U.S. is $18 trillion in debt, where non-dollar denominated bilateral trade agreements are the norm and countries worldwide

are using the Chinese yuan for global exchange, the US dollar is on the clock. It’s not a matter of if, but when there is a changing of the guard.

The dollar has lost over 97% of its value over the last century, and why wouldn’t that model of consistent economic debasement continue?

Bitcoin’s value is being rated against a depreciating paper asset with a bad heart. We all do this by default, but I could write 3000 words on why a

bitcoin is more valuable than a dollar, and the market agrees, obviously. In the end, the question may not be how many dollars a bitcoin is worth–every

fiat currency known to man has collapsed, and the U.S. Dollar will be no different. Its final destination will change the future of money even more than Bitcoin will.

I have no doubt a Bitcoin will be worth $1 million USD, not so much because of the strength of Bitcoin as a global currency, but because of the inherent

weaknesses in the US dollar going forward. Global support and confidence in the dollar is fading while Bitcoin continues to rise. “The Third World”

hasn’t even grasped the value of Bitcoin yet.

The billions of dollars invested is still 1-2 years from bearing fruit, making Bitcoin easier and more capable to use, worldwide. Bitcoin has proven its mettle,

and it’s still in the foundation-building stage of its development arc. It may take a decade, but Bitcoin value is not something worth worrying about, over the long run.

The only real question is: will your investment be there when it does?

Richard Tipsword
Learn More

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly
for information purposes only. It should not be regarded as investment/trading advice. All the information is
believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information
in its analysis and therefore will not be liable for any loss incurred.

original article from NEWSBTC

Steven Cavan

THE BLOCKCHAIN WILL CHANGE EVERYTHING

The Blockchain technology is already revolutionizing the world and how it works.  It brings with it some very exciting features and some very scary features.  It has proven it"s power in that money can be sent and received more rapidly than on the traditional platform that banks and credit card companies use.  For most that is the exciting part, but for the banks and credit cards that is the scary part because they are not in control of how the system works.

Blockchain technology is going to be working in many areas of our world very soon.  It has possibilities in Human resources, industrial, social, marketing, transportation, and the list goes on.  It has brought about the DAC or DAO, which stand for Decentralized Autonomous Corporation or Decentralized Autonomous Organization.

 

Here"s what David Morris has to say about how the blockchain and crypto-currency will change everything.

 

Contributor

Patrick Tate

skype: patricktate19

Steven Cavan

Bitcoins, How & Where To Buy

How & Where To Buy Bitcoins

Source: http://howtomakemoneywithbitcoin.net/how-do-i-buy-bitcoins-and-where-should-i-go-to/

Buying Bitcoins can be quite a confusing process if you are new to the digital currency. This guide was created to give you a very simple process to help purchase your first Bitcoin safely and without too much headache.

Even though many people are becoming familiar with the name Bitcoin and the concept of crypto currency, few still understand how to buy Bitcoins safely or even how to use them. Up until recently, it has been quite hard to purchase Bitcoins with standard payment methods we are so used to such as; credit & debit cards or a Paypal account. But as new technologies and companies emerge, the process of getting your hands on your first coin has become more simple.

Over time, more and more people are coming to the realization that crypto-currency may be a legitimate choice of currency in the future. Some are buying it to begin using it, while many others are still looking at Bitcoin purely as an investment opportunity since the currency trading market has witnessed such dramatic highs and lows in the USD/BTC price. At it’s peak, a single Bitcoin was worth just over $1200.

What ever your reason for wanting to purchase Bitcoins, let this article and our research serve as your safe guide to getting into Bitcoin.

Step 1. Obtaining A Bitcoin Wallet

The first step to purchasing Bitcoins is getting a wallet for you to store your new Bitcoins in. Your wallet will serve just like your own bank account. The Bitcoin wallet will enable you to hold your Bitcoins securely as well as allow you to receive and send Bitcoins to and from others.

Getting a wallet is extremely simple as most Bitcoin wallet providers will only require you to provide your email address. Obtaining such a wallet will take just a minute or two, and you’ll be ready to safely purchase and store Bitcoins. Blockchain.info is a industry pioneer in providing secure wallets with many rich features. As a beginner, this is a great place to get your first free wallet.

This wallet can be software on your computer hard drive or even a web-based service. Both have their own vulnerabilities. If stored locally on your computer, it is important to make sure that you back up the wallet regularly. This will position you on the safe side in case your hard drive becomes corrupted. Almost all web-based wallets employ a high degree of security against hacking. In case a theft from your wallet occurs due to a password or security lapse on your part, you will not have any guaranteed way in which you can recover the funds.

Once you have a wallet, you can safely move to the next step of buying your first Bitcoin. Now comes the choice of where to buy and for that you have 3 main choices.

Step 2. Purchase Your Bitcoins From An Exchange, A Person or a Bitcoin ATM.

Crypto currency exchanges offer a way in which one can buy and also sell Bitcoins.

You should bear it in mind that these exchanges and wallets are not regulated the way banks are. Ultimately, you’ll have no insurance for your account and this will be an issue in case of any hacking and robbing. Although several larger exchanges have undertaken many security measures to ensure your Bitcoin safety, and even to replace customer funds in the event of theft.

First, you will have to register, providing some proof of residency and identity. This can become an intimidating process for many, as some places may ask for personal information and copies of your drivers license, passport, email or phone number. However these are protective measures to ensure your safety as well as make sure that you will not perform illegal purchasing activities, since your identity can be traced back to your purchases.

Once you are confirmed, you will then be required to set up a payment method with the details provided at the exchange. Some exchanges will allow you to make deposits in person to their bank account via a human teller. Other exchanges will offer various payment options that are more common such as credit or debit cards as well. Any transfer of funds done online, will require different forms of verification documents depending on the exchange. Also you may incur transfer fees depending on your funding source, when moving funds into your new exchange account. However, all fees are clearly stated at the time of purchase. At this point, you can fund your account, enabling you to purchase some Bitcoins.

Bitcoin exchanges would be the best approach to take if you wish to engage in regular Bitcoin trading and speculation. However, the best exchange option will depend on your specific location.

Below is some of the most respected exhanges from which you can obtain your first Bitcoins.

        

Over-The-Counter (OTC)/ Face-to-face Trades in Person

This is the easiest option, especially if you live in a big city and prefer being anonymous. This also helps avoid many bank hassles, document verifications and fees. There are numerous ways through which you can arrange a face-to-face trade with a local seller. There are several sites or rather, P2P marketplaces on the Internet that work to arrange such meet-ups and allow for negotiations on the prices. Such platforms will match individuals who wish to trade Bitcoins.

LocalBitcoins.com is one of the top market places in which you can find people willing to buy or sell bitcoins in person.

If you decide to adopt this approach, it would be best to meet in a busy public place and take all necessary precautions you would take when carrying large amounts of cash. Also keep in mind that you should be able to have access to your wallet when meeting face-to-face. It would also be much wise to check whether such trades are legally allowed in your local area.

You may be prompted to pay a certain premium of around 5-10% on top of the exchange price, depending on the seller. This is essentially done for all privacy and convenience needs. A reputable trader is one who will negotiate the price before the meeting.

Bitcoin ATMs

Bitcoin ATMs are growing drastically in number despite being a relatively new concept. This is similar to the face-to-face trade, with the only difference being that you are interacting with a machine. In such ATMS, you are required to insert your cash before the Bitcoins are loaded into your wallet. They might require you to scan your mobile-wallet QR code or issue you a paper receipt having codes necessary to load Bitcoins onto your wallet. The exchange rates in this case vary widely, and may be between 3%-8% on top of the standard exchange price. Some machine models will allow you to send Bitcoins and withdraw cash.

In conclusion…

As a newcomer, you’ll find that buying Bitcoins does not have to be as complicated as you first may have imagined. The number of safe, viable payment options is increasing with time. There are also plenty of incentives for creative entrepreneurs to invent convenient options. You can expect a lot of developments to be witnessed in the Bitcoin industry within just a short span of time.

The good thing about Bitcoin is that it is truly the future. It will easily subvert bank monopolies, cross borders and governments at the blink of an eye. A new era of trade, business growth and prosperity are set to be with us. It will be to your advantage if you are involved in this amazing life-changing phenomenon.

And now a new kid on the block. A new ICO (Initial Coin Offering), MyCryptoCoin (MCC) by MyCryptoWorld.org. It is in the final stages before release. Your opportunity is ending on December 31, 2016 so there is not much time left.

If you want in on the action attend these informative webinars conducted by Markethive.com. There are more than one every day during the last week of December 2016. Right now they are scheduled at 10:00 AM 2:00 PM and 6:00 PM and that is U.S. A. Mountain Time. You will be able to log-in at this URL: https://www.ivocalize.net/#room/TheHive

Dennis Roeder

Skype: daroeder

  

Steven Cavan

Characteristics of Money-Does Digital Currency Have Them?

  Money, according to Wikipedia is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form.  

So if that is true, then MONEY needs to have some undeniable characteristics.  Typically there have been five of them through the centuries for any money to last any length of time. Scarcity, Recognizeability, Divisibility, Fungibility, and Portability are the original five, but there have been some more added over time and by necessity,  that will be mentioned further in the blog.

                                                 

Scarcity is one that has to be in place for money to work properly in any economy.  If it wasn"t there would be no value to it and it would not be trusted as payment for goods and services.

  Recognizeability is another major factor in what money must be.  Whether it is paper, or coins, or cacao beans, it must be recognizable by the accepting party to trust it as payment.

  Money must have Divisibility be into smaller units, but still equaling the same value when the smaller parts are together in the same payment.  The decimal system has made this very simple with the money we know today.

  The next characteristic has to be present, almost more so than the others, for money to work as it is intended.  Fungibility is the property of a good or a commodity whose individual units are capable of mutual substitution.  So basically it has to look the same across the board according to the denomination.  It"s kind of hard to tell now what the different money is and what it looks like anymore because governments are constantly changing the printing or design of it.

Portability is the last of the original 5 but still very important.  Money must be easy to carry around with you.  Would a 55 gallon drum of oil or a 100 dollar bill be easier to carry? Yeah, no brainer right?

Durability has come into play as a factor for any money to valuable in the different economies of the world.  For instance, coins had to be able to withstand time and wear.  But then over time the power that money extended to governments and rulers, made quality of that durable money became an enormous factor in its value and if it could be trusted. 

Today digital currency has brought with it some more characteristics that need to be in place.  Security being of great importance, there has to be a very secure way to transfer digitally from one party to the other.

Stability is the outcome, or benefit of a secure system that delivers digitally around the world through the technology of a block-chain that is decentralized and independent of control be any governing body.

We are about to to be a part, NO, WE ARE ALREADY IN one of the biggest disruptions of all world currencies the planet has ever seen.  The Roman Empire experienced it and is no more because of it.

Currency is the language that allows for the expression of transactional value between two parties.  So, in the digital age we are in, the coming of digital currency was always inevitable.  Thanks to Satoshi Nakamoto, known for inventing bitcoin, implementing the first block-chain, and deploying the first decentralized digital currency, it is becoming a reality.  Learn more here.

Contributor

Patrick Tate

 

 

Steven Cavan

The Rise of CryptoCurrency

The world is changing. FAST

Worldwide, we are becoming more and more interdependent

on each other everyday.

Anyone who is informed about cryptocurrency knows that

it is the future of world commerce.

Although many cryptocurrencies exist already, all but a handful

of coins are merely bitcoin copies which have deficiencies with

respect to transaction speed necessary for use in daily commerce.

Those inside the cryptocoin scene know, when the copycat

coins have come and gone, that there will be a handful of

coins remaining that will provide everyday use cryptocurrency

to the entire world.

They are, bitcoin (BTC), Ethereum (ETH), Ripple (XRP), NXT, 

and the soon to launch MyCryptoCoin (MCC).

Thankfully, during growth our members have enjoyed

enormous gains every step of the way.

Of these top few, MCC is the coin designed for mass distribution

and usage due to its “heavy load” blockchain technology that

improves its lightning speed performance with each new user.

This separates MCC from the rest, making it a perfect fit for 

everyday transactions.

MCC features a Universal wallet which allows for worldwide

bridge payments and transactions using any type of currency

including fiat paper money, electronic payment systems, and

cryptocurrency.

Advanced capabilities in smart contracts, micro-services, and

decentralized applications are a few of the amazing possibilities

interwoven within the MCC core technologies.

Take the first step now by registering your interest at  http://wavefour.cryptocoin20.com/

Then remember to come to our webinar @ 1400Hr hrs MT on Monday 26th December (Use http://www.timeanddate.com/worldclock/meeting.html enter Denver as location 1 and your own location to check your local time)

Join our live Webinars Every Day: For times and Webinar logins on go to the Markethive calendar:https://markethive.com/calendar

Direct access to our webinar room is at: https://www.TheHiveRoom

David Ogden
Owner @ My CryptoWorld

 

Steven Cavan