For many people the thought of using an online e-currency can be a scary thing. We have all heard the horror stories of people being scammed and money being stolen by dishonest companies, but there are some companies out there that have worked hard to build up a good reputation for being honest and do what they can to fight frauds and scams that use e-currencies.
Further, it won’t be long before the Bitcoin Evolution App economy is larger than the Baht economy anyway. So forgive me if this doesn’t look like a stumbling block at all. It looks like the twitching of a dying legacy currency. Move over Thai Baht, Bitcoin does what it pleases.
As it stands, mining solo is quite nearly deprecated. Pooled mining, however, is far more rewarding. Making use of a service like “Slush’s pool” you can split the task among a group of people. Using this equation:.
But, when you let that good old Edison light bulb flash in the head for just a moment, bingo, you will realize that we already are using a replacement for paper dough. Voila…Plastic money is already here…Eternal bliss of electronic wizardry to the bitcoin rescue of the final frontiers of human development. Wired digital magic you may choose to label it.
JK: Prime is targeted at accredited investors and businesses. We’re dealing with clients that are making larger investments, and due to that we’ll have fewer clients with a higher average account balance, so we’ll be able to provide better dedicated service and dedicated account managers. There won’t be waiting time and responses will be quick. This service is mostly for VCs and high networth individuals who like to trade in alternatives. We’re speaking with a hedge fund right now, and looking at traditonal finance guys looking for a more professional experience. It’s going to be more traditional traders who want to enter the space and who want to be comfortable.
Recently, an article I read indicated the “street” exchange rate in Argentina was 7:1 (seven pesos per USD). I should visit again soon with a big wad of USD!
Rising bond yields forced Argentina to turn to other lenders for funding support. Earlier I mentioned how the IMF stepped in. Argentina then broadened its request to the World Bank and the U.S. Treasury. In the U.S., we have already mentioned support by the Fed. Despite all this support and QE action, bond yields in the U.S. are on the rise, predictably.
At this very moment, all over the globe, approximately 85% of non cash funds are being converted to digital money…the days of World Paper Money are numbered and…there is nothing that you or I can do about it. It is the wheels of progress at work. Take it or…