Monero lost more than 50% of its network hash rate

This is old news to many but I’ve been watching it, the hash rate on Monero was just over 1000 MH/s prior to the algorithm update as a way to combat ASIC mining by companies like Bitmain.  It plunged to as a little as 157MH/s initially but as of now (2018-08-08) 461 MH/s.

Monero-Hash-Rate-460Mhs-2018-08-09

This is significant and the move wasn’t without controversy but I think it was the right way to go.  Monero wanted to stop giant mining farms like you see for Bitcoin and Litecoin.

I think it worked, initially and clearly a lot of mining was disrupted because all the mining software had to be updated such as xmr-stak or xmrig etc.. Today if you use a pre April 2018 miner you will get “invalid results” or “share not accepted” from the pool because the algorithm has changed.  This effectively bricked Bitmain’s Monero miners but all was not lost for them as it is believed they were probably mining with them for several months if not more before releasing them publicly.  For any critics at least Monero clearly communicated almost immediately after Bitmain’s announcement that they would update the algorithm and would be sure to brick them.  And in all fairness at least Bitmain warned of this on their own sales page so it is nice to see an issue like this handled well by the main parties involved (of course those who still bought a Monero miner are out of their money).

Considering that months later the old hash rate of 1+ GH/s is now only about 460MH/s I think it is fair to say there were ASIC mining farms controlling over half of Monero!  This very well could have been Bitmain and other manufacturers themselves.  But going back to the whole mining thing, most know I am against it.  One inherent vulnerability of any mineable coin is that whoever has the most hashing power wins or controls the network allowing them to steal from others essentially.  As illustrated in my picture earlier one pool supportxmr.com has 80 MH/s, Nanopool 95MH/s, minexmr 94 MH/s so essentially 3 pools control about 60% of the hashing rate or about 20% each on average.  If you check out the list of Monero pools essentially the hash rate is concentrated among numerous pools which puts it in a similar situation as Bitcoin in a sense.

The current situation is better but nothing stops people from spending millions on GPUs and CPUs in order to dominate the network. With Monero only worth around $100 USD at the moment there is little incentive to do so unless an organization simply wanted to kill Monero.  I would imagine criminal organizations like the ones who targeted Bitcoin Gold and other coins will be ready and waiting to do the same though.

What do you think?

Cheers,
A. Yasir

Bitcoin Anonymity at what cost?

Wasabi Wallet

We’ve already heard of “tumblers” which make it very difficult to trace the true sender or receiver of a Bitcoin transaction.  Now we have the “Wasabi” wallet project, which does something a bit differently.  It actually uses the Tor network to anonymize you on the Bitcoin network.  However, I think this is a risky move because malicious actors on the Tor network (especially exit nodes) have been setup by malicious groups including government agencies for surveillance and other use.

The problem with depending on the Tor network and a third party client is what if someone injects malicious code such as the Bitcoin Gold client scam?  Even if that’s not the case what if some malicious Tor node runners get together and target Bitcoin users and use it to successfully trick the Wasabi client into thinking you’ve received money you don’t have?  It would certainly be an effort and tricky but with enough time, money and resources it is a likely possibility based on the reward value alone.

So, well the idea is well-intentioned I think trying to solve it any other way  is risky and it should be the Bitcoin code base that is modified to support these features.

Another personal alternative is that you can use your own personal proxy or server to hide your real IP as this is already a supported feature of the Bitcoin client itself.

What do you think?

Cheers!
A.Yasir

Crypto Internet Trolls MasterCard

Step Back Fiat, We Got This.

So Mastercard had an outage, so the CryptoVerse beat it down with tweets to make sure it knew what’s up.

MC4-728x258

After reading so many bash pieces on Elon Musk, it was a welcomed break to read something fun.

Mastercard had a severe outage last week, that piled up to many people being unable to use their cards. Visa had a draw back not long ago, and crypto-internet wouldn’t let the world forget it.

Screen-Shot-2018-07-16-at-4.33.03-PM-728x395

The Financial Times reported that it had a ‘global impact’, creating outrage and frustration from around the globe over this glitch. Customers took to twitter to complain to the credit card giant, which did eventually resolve the issue and service resumed for their customers.

End of story.

Well, not for Crypto Twitter, which took this time and pleasure to give Mastercard and their press team the social media headache of the decade. :)

 100’s of comments poured in with some of the most delightful and hilarious tweets.

MC1-728x484

Oh crypto twitter.

But this public bashing did bring the very nature of blockchain technology and finance into light. If Mastercard adopts with their own private blockchain without the pressmissionless public blockchain, they could very well make a system similar to cryptocurrency. But without the insecurity.

I’m excited to see how the financial world changes alongside cryptocurrency.

The future is near?

A.Yasir

Sherman’s Head

Hating On Cryptocurrency To Save Fiat

Well I expected some crazy stuff going down during the Cryptocurrency hearings in front of Congress, and I wasn’t disappointed. My instinct was to follow the crowd, and just blame Congressman Brad Sherman for being old and too wrinkly to understand this technology. But this man isn’t old and stupid. No these people are actually pretty damn smart, that’s how they make that $$$ and that’s why it shouldn’t have been a surprise to know Sherman wanted a flat out ban on all cryptocurrency and mining.

While the internet went psycho in calling this old timer congressman for not understanding the technology nor listening to the experts, I was thinking “How clever this old snake”.  He spent most of the time interrupting the experts just to say how much he hated cryptocurrency and how it was used for only illegal stuff.

There’s two parts to this.

  1. Sherman’s Not Dumb
    As much as I want to fall back on the fact Sherman’s old, out of touch and just can’t get his old man brain around cryptocurrency, this isn’t the case. He’s very smart, in fact, he knows what cryptocurrency is and how it could completely change the face of money. He’s connected to other Congressmen, Bankers, Politicians, and the Elite, heck even gunrunners are Congressmen, he’s connected to money. Fiat money to be exact. A monetary system that his friends own, and he’s going to protect it.

    Screen-Shot-2018-07-19-at-3.38.13-PM-728x360

    Imagine a coin the Federal Reserve couldn’t make, control and manipulate. Instead, it’s a system where people can make, control and manipulate. Well, thats not to say it’s better, but it’s better than what we have. The unbankable would be bankable simply because they could mine, buy and exchange or trade coins for other coins or goods/services. Where poverty stricken places could make their own family or community economies. Imagine the endless possibilities of this level of adoption?

    Screen-Shot-2018-07-19-at-3.35.57-PM-728x708

    But this possibility is why Mr. Sherman wouldn’t even let Cryptocurrency Experts finish a sentence before rudely interrupting. Accusing cryptocurrency of being mainly used by criminals and the dark web- where illicit activities take place. He declared he wanted a blanket ban on all mining and cryptocurrencies. Creating the uproar amongst the cryptoverse.

  2. Sherman’s Criminal Link
    With all the talk about cryptocurrency only being used for criminal activities, Mr. Sherman forgot to consider his own criminal links. One of the largest donors to his campaign was by a California based company Allied Wallet, who was involved in illegal gambling. Allied Wallet was forced to pay $13million to the US after investigation. Mr. Sherman probably forgot but the internet didn’t.

    Screen-Shot-2018-07-19-at-3.42.19-PM-728x925

    Not to say that a proper discussion on the topic of security and safety of Cryptocurrency isn’t something we should engage in. However, flat out slamming Cryptocurrency to secure the Fiat system, isn’t a good method nor is it right.In the end, the #CryptoCongress hashtag trended and hopefully, the American people will make their voices clear with their vote next election.

    In the meantime, click here to contact him and other Congress people on how you feel.

    What do you think? Is Mr. Sherman in conflict of interest here?

    Cheers,
    A.Yasir

“The Future Of Money”

US House Of Representatives

The United States will begin official hearings on cryptocurrency on July 18 2018, on a live stream for the general public to listen on the hearings. The title of this hearing is “The Future of Money: Digital Currency’, somewhat acknowledging that bitcoin and cryptocurrency at least has the potential of being the ‘new cash’ if not the only ‘cash’ of the future. As technology develops, having digital cash is the next natural course.

The exact list of people attending hasn’t been released, but it’s expected to be presided over by the legislators and cyprtocurreny experts. When I hear cryptocurrency experts though, there’s a few worries that come to mind.
The first is that ‘most’ if not all cryptocurrency ‘experts’ tend to completely negate the security portion of digital currency, upselling completely unsafe technology. Which is a legitimate concern surround cyprtocurrency. It’s not fully anonymous like people think, Bitcoin is traceable for example. Public ledgers, permissionless public blockchain, and no central authority within the community to protect the currency itself, are all concerns. Ripple does this fairly well, but still lacks considering their bank affiliations and their motivation to dump XRP (which is unlikely but still worrying).

This hearing will look into the security concerns related to cryptocurrency and curbing issues like money laundering, but experts would have to present a solid case, to show that it’s not different than laundering fiat or gold bars for that matter.

The US congress had released an economic report in March of this year that highlighted the benefits of cryptocurrency and why using it would be good for the economy. Which is a surprising change of mood considering how the Federal Reserve has been on behaving towards it. Perhaps fear that the debt system that they created for over a century is going to break down.

What do you think? Will this hearing  finally give Bitcoin and cryptocurrency the boost it needs after 6 months of FUD?

Cheers!
A.Yasir

I got TRON’d: The TRX Fiasco

TRX & Investors

I don’t normally get this upset. The last time I was this upset, was with FINOM (which I still don’t have my tokens for and may never, and no help from their support or the creator).  I’ve also reached out to the TRON Team and it doesn’t look like there will be a response.

TRX is moving, to Binance.  On April 15th they made an announcement that they would be moving to their own blockchain. They told their Tron investors to move their now useless tokens to Binance, or risk losing their investment.

Migration will occur on June 21st-June 25th.

“you must deposit your TRX to an exchange before June 24, 2018 to avoid any losses”.

This is a quote I pulled from  tron.network and it’s not on the homepage, you have to click on TRX to learn this.

That is extremely dire and stressful when you’ve come upon this after the fact.  I was frustrated to see this, and I’m not alone. There is apparently a lot of frustrated investors venting at Justin Sun on Social Media that demonstrated a lack of respect and care for us investors.  The announcement back in April made no mention of the exact process or even which Exchanges would support this process. To add insult to injury they are causing a direct loss since we all have to pay fees to the Ethereum Network and Exchanger to get our real TRX and if you have get a TRX wallet, pay to take TRX out again.  Whether you have 1 TRX or 120,000 it is yours and they should be protecting your investment and you as an investor and they’ve clearly failed.

I suspect it is completely intentional as this will free up a huge amount of supply once they say “sorry you weren’t watching our social profiles 24/7 your TRX tokens are worthless it’s your fault” which is essentially the response of TRON shills at the moment or that “Binance is EOY”.  EOY (End of Year) is still not a lot of time, but the ‘kind shill’ who told me didn’t point me to where he found this information- just randomly saying that Binance announced it. Oh, so another place I have to go find information from just to figure out how to protect my TRX investment.

Then more assuringly they say “If your TRX is held in a wallet and you were not aware of the migration notice, or saw the migration notice after June 25th, please visit our permanent token-exchange counter to exchange your tokens for Mainnet TRX.

Great!. Where is the permanent exchange counter?  There is no link or information readily available.  I’m sure some shill will point out it is probably buried in some other URL but non-shills or 24/7 supporters like me, shouldn’t have to go through all of this.

Tron-TRX-Scam-Screenshot at 2018-07-09 10-33-34

The Shills & Supporters of Tron
When you go on social media to find information directly and vent your frustrations with the lack of care Tron team put into securing investors money, you’re automatically hammered by shills who think that Tron is God and they did no wrong.

Unsurprisingly, me and others who complained were berated:

Tron-Reddit-Shill

I don’t think they got the point that “normal” users and investors shouldn’t need to watch all of Tron’s myriad of social accounts and websites constantly to avoid a loss. Tron isn’t the only coin I have invested tons into, and cryptocurrencies aren’t my only investments. I shouldn’t have to worry that if I don’t pay attention for a couple of months, my investment might disappear because Justin Sun struck up a pump deal with Binance.

The shills and supporters completely devoid Tron of any wrong, and insist Justin Sun did what was mutually right for Tron and for Investors…How? By screwing investors, that’s how. By forcing us to move to Binance and lose money in doing so, where the potential for scams, fraud and hacks to happen, increase.  All the while Justin Sun’s team could have made a registered account system with the millions of ICO money he collected by Investors. The registered account process would have eliminated any risk of fraud, money spent, and saved time for both TRON and Investors. On top of this, there would be NO potential risk of losing your Tron Token.

The Tron dogs focus only on the sole responsibility of the investor to be watching all of Justin Sun’s and Tron’s multiple social media platforms and websites, instead of calling out Tron’s incompetence and lack of respect for the Investors. It’s this general acceptance of ‘disrespect’ is why cryptocurrency teams do not feel responsible to do the right thing for the Investors, but for themselves.

Conflicting And Incomplete Information
Every one of Tron’s sites has conflicting or incomplete information.  We shouldn’t have to go digging to learn that Binance supposedly honors this until the end of the year (2018, which I learned from a Reddit user, he couldn’t point me to where he got that information from though).

I think common sense says the communication was horrible on this one and they’ve made it a lot more stressful and difficult than it had to be.  This shakes investors like me very quickly since there are so many scams even with ‘good ICO projects’.  It doesn’t matter if it’s “Justin Sun” behind the project, in fact it makes it worse.  How is he managing any of this if this is the best he can do?

The Tron supporters who ignore these glaring responsibilities that Tron has to its Investors, reminds me of Bitconnect. Many people called it out for what it was, a scam and pyramid scheme, but Bitconnect shills and supporters ruthlessly defended it as a trustworthy project.  Bitconnect, unpredictably came to an end.  It was a coin that produced nothing and who’s sole value was derived from shills who pumped and dumped it as part of the pyramid scheme/scam. Making millions and screwing real investors in the process.

The shills would have you think something is wrong with you for being upset or out of the loop for a few months but clearly there has been nothing but confusion and frustration since the start of the very unclear path forward:

Justin Sun Announces Tron Migration, Confusion Reigns

https://medium.com/tron-foundation/trx-migration-notice-34de281ebbbd

I’m not saying TRX or TRON is a complete scam but it operates in a very shady way in my opinion.  I’ve taken a blasting by their supporters (AKA shills who find it unreasonable that I am not on multiple social platforms every day glued to see if I can potentially lose my investment).  That’s ridiculous and I don’t think anyone should accept this.

On top of this, I and many Investors do not like keeping things on Exchanges where hacks are often. If you have never lost from a hack, then you don’t know what it feels like, so I’d like for you to sit back down. But Luckily there is a TRX wallet at least to move your real TRX to once you have moved it to Binance.

So Why Did Tron Do This?
Here’s what happened.  In April the Tron Team announced the move to MAINNET or essentially their own cryptocurrency blockchain separate from Ethereum tokens (the worthless ones they gave us in place of the real TRX).  I think it’s wrong to do it this way, since their website has a dire prediction that if you don’t move your tokens to an exchange like Binance, then you’ll lose your investment because they are literally burning and killing the Ethereum tokens they sold you.  What if you don’t have Binance or can’t get on? They didn’t take that into consideration or care.

This is completely wrong!

The Way It Should Have Been Done?
They should have registered all of their investors and token holders in their own system and simply e-mailed everyone or based it on the Ethereum blockchain token holders.

It’s like the bank telling you they closed your account, now you have to exchange all your money for real money at a cost to you, and you should have known because you should have been following their multiple social profiles and websites, all with differing and conflicting information.

Yes, Tron’s literally telling Investors ‘ you should have been able to piece it altogether after some detective work because we struck a deal with Binance and couldn’t be bothered to make a registration system, which would have been at no cost to you and at no risk to you….And yes Tron supporters are literally saying this with gusto, even hashtagging Justin Sun to garner attention for their undying and blind support.

The Good News Though?
It looks like you have until the end of the year with Binance to do this, but as mentioned their site says if you didn’t do it in June you’re done for. So if you haven’t done it already, do it now. Since I don’t like keeping stuff on Exchanges, I’ll be moving it into a wallet quickly.

It’s really simple, all TRON had to do was create a unified system that would just directly e-mail their users this information.  They surely collected enough of our coins to the tune of millions to have the resources to make that system. Besides that, I think a few months is completely inadequate notification. What if someone went overseas or on vacation?  I imagine there will be some in this category who come back in 2019 and ask how their TRON tokens disappeared and they didn’t get their TRX.

I think it could be argued it was ill-thought, ill-mannered and essentially negligent to force users to move their tokens with such short notice.  If they were going to do it this way, they at least should given an unlimited amount of time to exchange the worthless Ethereum tokens to the real TRX.

Justin Sun
This move is a a huge security issue.  How on earth do they go and ask people to move their tokens to an exchange where they could be hacked?  How about all of the typical phishing scams which I am sure we will see, that will be tricking people into sending their tokens and coins into the hands of hackers.  By encouraging people to only go on Social Media which is insecure and commonly hacked, it is simply inexcusable that Justin Sun’s team would do things this way.  The website doesn’t make things clear enough and it should be the main or primary source of easy to find information about these issues.

I think people look too much at “Justin Sun” is behind this and don’t actually look at how the project is being managed.  It’s definitely lost my confidence now.

I do think TRON is a good project and a good idea.  Will it last and succeed? Maybe and I hope my investment will succeed.  But it reeks of the typical issues that a lack of common sense is being used to handle the very basic aspects of this project. Not to mention of lack of respect for the Investors, and anyone who calls them out is automatically bashed, or accused of spreading FUD.

Cryptocurrency companies and teams have to start valuing the investor and do things in a simple and common sense way that protects us and makes us feel confident in our investment.  TRX has lost my trust over this and clearly a lot of others who are frustrated (at least the normal ones who don’t monitor the TRON social accounts 24/7).

The future is bleak for Tron if this kind of ‘care’ is given to investors. But I’m hopeful that this will be the last time something like this will be handled in such a poor way.

Amazon’s Racist Shop

Shopping For Hate

Despite Amazon’s strict policies against the sales of racist, homophobic, anti-semitic, Islamaphobic and general ‘hate glorifying’ goods, these items are still for sale and are being bought on Amazon.  According to Reuters, Action Center on Race & The Economy and the Partnership for Working Families, released the report today hammering Amazon the online shopping king, for failing miserably to enforce their policies.

Amazon’s policy prohibits:

“Products that promote or glorify hatred, violence, racial, sexual or religious intolerance or promote organizations with such views.” The two groups say they found toys with propaganda symbols, books and other products aimed at children to further normalize these intolerant or racist beliefs.

The report criticized that Amazon was profiting from sales of these items since it takes a cut of the sales, and that it, “provides a number of channels through which hate groups can generate revenue, propagate their ideas and grow their movements.”

Through writing e-books and through Amazon’s Music store, they are giving these hate groups the ability to spread their hateful speech and message. Using these Amazon platforms, racist writers, musicians and ‘racist activists’ including violence against black people, Muslim, Jewish & LGBTQ people, supporters are able to sell their hate and make Amazon millions in profits, as well as fund the racist/hate groups.

The two watchdog groups that reported Amazons dirty shopping, through their report insist that Amazon take down these hate sellers, and also make a public stance against these hateful, racist, intolerant ideologies, as well as promising not to profit from them. They’re asking Amazon to remove these items from their platforms as well as destroy any physical products that are currently in their warehouses.

 Amazon spokesman did say that they will shut down anyone breaking their rules, it’s a weak statement considering they should have been already removed.  Another spokesperson said they are currently removing some neo-Nazi bands that had been identified from its music platform.

Spotify, Google and Deezer all purged their libraries of racist music back in August 2017. In the same month, Apple removed Apple Pay support from white nationalist sites and Squarespace culled hate sites from its web hosting service.

Amazon also has a track record of holding payments for small businesses for small infringements or sometimes no particular reason, or even shut them down completely. It makes me wonder why it’s taken so long for them to purge the hate sellers.

It remains to be seen how much is actually left over, or how many try to circumvent the rules. Nobody thought tiki torches would ever be used a white supremacist march- but here it is. Of course this tiki torche company had nothing to do with the group.

tikitorchesracist

Shatner’s Not Giving ETH

Shatner Scam Smack Down

With the release of new cryptocurrency reports, we have seen a total failure of multiple projects that either were flat out scams or failed projects that made billions of dollars with no intention of ever following through.

But it’s not just ICO projects that took billions in revenue from scamming or not producing their projects, it’s the flat out Multi Level Scams (which are basically pyramid schemes) or businesses that promise to send you 20 ETH or Bitcoins after you send .05 of the said cryptocurrency. Most people know, this is a warning sign. Even if they insist they need that 0.5 to confirm your address, it’s still a warning sign that many people have obviously missed. Millions are said to be lost this way.

Privacy coin “Verge coin”, set up a twitter account earlier this year, and 2 days later it was hacked.

QJdhPNbz59E0i_ZWxAPvEwVazlDHU0-GOBzrsWj3jXo

Of course, they regained control of their account, but the damage had been done. And this alone should have killed Verge, as a privacy coin token to get so easily hacked by scammers who told people to send any amount of XVG to get double back. We can only hope that the people investing weren’t stupid, but it happens. After all this is their official account that these hackers took over.

In my opinion this alone should have killed the Verge token altogether, but I guess people were able to forgive it and continue on, after all, people had invested heavily in this project and need it to succeed. I had demanded my investment back, as I demanded from Finom– another scam project that has no intention of actually producing the project. To Tron, that suddenly threw a curve ball to have people transfer their money from their wallet to the Exchange or risk losing your entire investment…yeah these aren’t good signs and it makes me extremely distrusting of their project. If this were a bank, people would be outraged and the lack of outrage is why these Projects like Tron are getting away with it.

Then we have celebrity endorsements? Should we hold celebrities like Mayweather responsible for supporting projects, even if they are scams without their knowledge or with? Most celebrities endorse products and services that they don’t necessarily believe in, but aren’t held responsible for those endorsements.

And then there’s the celebrities that without their knowledge had their name hijacked to sell a scam. William Shatner was one said victim, Shatner posted on twitter:

“BTW another fake me is pushing a pump and dump crypto Ponzi scheme: @Wiliiamshatners
– William Shatner (@WilliamShatner) July 2, 2018

Other celebrities who have been impersonated include John McAfee (who is very active in the cryptocurrency world); Elon Musk, Vitalik Buterin, one of the founders of Ethereum; Sir Richard Branson and even Donald Trump.

When choosing a project to buy into or invest in, you have to make proper choices. If an account like @WiliamShatners is tooting that they will give you 20 ETH if you send 0.5 ETH, do some due diligence. Confirm if this is an official account, go on reddit and see what people have to say about it. Directly message your doubts and concerns. If it’s the real deal, well then they should have to prove it.

But sometimes even with all the proper research, you will still fall victim to shitty projects and scams, but that’s life. I’m sure even though Mr. Shatner from his official twitter account posted that he isn’t the scam twitter account giving ETH, people will have probably still bought from it before it was taken down. How many thousands? Or millions? I guess we won’t know.

But this is just another reminder, that we need to centralize cryptocurrency under the general crypto community, or have these scams continue under the guise of decentralized. Nothing, not even Bitcoin or Ethereum is truly decentralized.  And even real coins can act like scams with their policies and sudden changes to the scope of the project. If the project no longer values the investor, it’s a shit coin and you should dump it. If a celebrity is endorsing a project, find out if its really them- reddit is usually a good place to filter the garbage or see some garbage.

And in the end, you have to do your own research. RESEARCH is key.

Cheers,
A.Yasir

The Truth About Laundering Bitcoin

It’s The Same As Laundering Fiat, Just Smaller.

CCN.com reported that CipherTrace released their Q2 2018 report that noted the rise of cryptocurrency crime, money laundering and other illicit activities. One particular glaring item was a $1.2 billion figure, that had been laundered through cryptocurrency tools such as Bitcoin Tumblers and privacy coins like Zcash and Monero.

Now this isn’t really news. We already know about Drug trafficking busts, weapons and human trafficking busts, which the different levels of the US government have made on the dark web. But what this is suggesting is that not only is crime up using Bitcoin, but ransom is also up. And it’s implying that it’s only happening to Cryptocurrencies and not really happening to such an extent to Fiat- which is incorrect.

The Problem
The problem I have with CipherTrace’s reports and other reports of such nature, is the idea that only cryptocurrency is used to do crimes. Now the report isn’t suggesting that, but it’s implying it. Fiat money has been doing daily orders of crimes for decades. Just recently a large scale report in British Columbia revealed that the Liberal government looked the other way while criminals used casino’s to launder millions of dollars- literally duffel bags of $5, $10 and $20 bills, and the casino staff were told to turn the camera’s away. The government let this slide, even the RCMP, because it created a booming economy in B.C. The results cost lives and livelihoods:

“At an event Wednesday to release the report, Eby said money laundering in casinos was linked to the opioid crisis that has claimed thousands of lives and to escalating housing prices that have made life unaffordable for British Columbians.”

Which is serious considering houses that should actually be worth $500,000 are now worth over $1million in a mere 6 years.

Fiat’s Way Worse
Fiats been used to launder money, crimes, wars, arms deals, genocides, human and sex trafficking of children and much more for decades. Anyone willing to stop investing in real estate because of the money it’s laundered? Anyone willing to stop using a bank because of their very real crimes of over charging people on transactions and NSF’s? Anyone willing to stop paying their government taxes because of their illegal invasions and human rights violations?

NO? Well stop complaining about crimes with cryptocurrency. Its not good and slowly a system will be created to hopefully limit such crimes. At least cryptocurrency will grow and smooth this out, Fiat money has had decades to fix their crime issues, and now it’s 2018 and nothings been solved.

Just because cryptocurrency is being used by ‘some’ to do terrible things doesn’t mean we all are- the majority aren’t. The ugly truth is that crime happens, and we can’t really stop it, whether it’s with cryptocurrency or not. Some will argue and say ‘well it’s easier now with privacy coins’ and they aren’t wrong, but these ‘privacy coins’ can be watched for the most to see where it’s going. Eventually they’re going to need to collect the value of those coins, and undercover government Exchanges on the dark web will nab them, and then collect those coins for their government wallet (valued over $40 million). Read my “Dark Web Bust” post for more details.

Then there will be those who say ‘well you can’t compare fiat and cyrptocurrency as a proper excuse’. Yeah actually we can. Because most people who do cryptocurrency aren’t criminals. The biggest criminal we have in the crypto scene is probably George Soros who was responsible for the Asian Financial Crisis- he was never held responsible, never faced any criminal charges or jailed. He continued on, making his millions. He suspiciously entered the crypto world just after Dec 2017 highs….not sure if there’s a link, buuuut that is for sure a link….

Bitcoin & Cryptocurrency Have Value
If old socks become a hot valued commodity, guess what, they’re going to use it for crimes. Criminals only use things that have value, well cryptocurrency has value, just like fiat and that’s why it’s being used.  Love it or hate it, cryptocurrency is not going to die. You can argue that Tokens and ICO’s will (if they haven’t already) die, but the major players like Bitcoin, Monero, Dash, Dogecoin (yes even Dogecoin) Litecoin and even the expensive gas induced Ethereum, will last.

Bitcoin isn’t all just crimes. Just like Fiat money isn’t all just crimes. Keep that in mind when you’re thinking FUD thoughts.

Cheers,
A.Yasir

Dogecon 2018: Vancouver

Such Wow! Much Conference!

Amongst the sea of self serving blockchain conferences, and large scale multi-million dollar Internet of Things conferences and expo’s, was a refreshing Dogecon held in Vancouver that captured the heart of cryptocurrency. The meme essence came to life.

What started off as a fork of Bitcoin, and a running meme joke, became the largest most dedicated community of cryptocurrencers ever. More than Bitcoin, more than Ethereum, Dogecoin’s strong and proudly loved. It’s community strong, not just about value, but about substance. From tipping to charity, to car racing, the Dogecoin is actually the most viable coin out there. And to celebrate the ‘such wow’, Dogecon was held in Vancouver BC.

A conference where nobody talked about panic selling or the market crashing, instead dance parties, rap shows, dinner and a freaking puppy parade- that’s right, a freaking Shibu Inu parade, was held. You can only wish in your dreams that you had seen it in real life, it was just that amazing.

It wasn’t ‘tradition’, with high rolling investors in thousand dollar suits, no this conference was down to earth, honest and genuine- something you don’t see often in the superficial world of Instagram cryptocurrency.

No twitter cryptoinvestors and enthusiasts had lots of good genuine things to say. Four days of celebrations, real discussions, and Dogecoin worship took place in Vancouver British Columbia. And the reviews are in: It was awesome.
Yes Rocco, this is what it should look like.

Even the sponsors proudly stood by Dogecon with ETH Classic joining in.

Just over 200 participants attended Dogecon, and tickets were sold out by the time I posted about it- sorry about that…  It was a breath of fresh air from the stuffy blockchain conferences, it was relaxed and real, and showed what this amazing Dogecoin community is.

So if you’re looking to invest in a good coin, Dogecoin is it.

Why do I say this:
1. Dogecoin is used more frequently than even Bitcoin cash
2. 40th in Market Cap
3. Has been in use since 2010 for tipping, charities, to car racing etc etc
4. It’s the 4th most popular cryptocurrency (yes that’s right, Dogecoin is the 4th)
5. More viable since the community even after the Creator abandoned it, kept it up.
6. Unapologetically a joke currency that became seriously serious.
7. Doesn’t fall under SEC regulations as a original coin
8. Faster and cheaper to use
9. Dogecon!!!
10. It’s a freaking Shibu Inu, who doesn’t like dogs!
11. It’s not all about ‘Bitcoin level value, or pumping and dumping’, its about the coin itself.

Such wisdom! So get yourself some Dogecoin, and bow to Lord Doge.

It’s safe to say that Dogecon 2019 is going to be even larger and better! What do you think of Dogecoin? Is it still a joke coin to you or are you showing some Doge love! I personally mined and owned Dogecoin, and I’ve easily used it, and it’s honestly one of my top 5 favorite coins. If I had to pick something to invest in, I’d skip the ICO’s and Ethereum tokens, and go straight to Dogecoin.

Cheers!
A. Yasir