Illegal capital outflow collectively costs nations around the world upwards of trillions in capital that is seldom recovered. Not to be confused with capital flight – which is an outflow of money that travels through the proper legal channels, illegal capital flight entails moving illicitly obtained wealth into another country in an attempt to obfuscate its origin and evade authorities. Illegal capital outflow affects both wealthy and poor nations on every continent aside from Antarctica. Cryptocurrency could either exacerbate this problem, or be the solution, depending on how it is adopted by the world.
“What everyone got really excited about was, hey, I can publish a paper and people will send me money.” — J. R. Willet, the creator of the first ICO.
This is a fascinating and revolutionary concept: pitch your product idea to the community, and if they like it, they’ll send you money to get your private business or decentralized application off the ground.
But an idea itself is worth very little. How an idea works in practice is of much greater importance. Unfortunately, this evaluation paints a story of scams, incompetence, recklessness, and greed.
ICOs have been rightly criticized for being susceptible to scams, but a little basic due diligence can help any investor avoid potential trouble. And make no mistake; that due diligence is an absolute necessity, given recent history. After all, some cryptocurrencies have raised unbelievable amounts of money without ever producing a real product – just empty promises.
Vaporware is software or hardware that is announced publicly and actively promoted, even though it does not exist. Studies have shown that 81% of all ICOs have turned out to be scams, which highlights the lack of due diligence from investors who bought into these projects. The most striking factor in all of this is that even though an ICO turns out to be a failure or scam, the team behind it always walks away with money.
At DCEBrief, we are committed to providing the information that our readers need to educate themselves about the digital currency and blockchain revolution. As part of that commitment, we support the efforts of other groups and organizations that share that vision. After all, true mass adoption of this technology innovation required an educated and informed population.
We recently had an opportunity to interview Erica Stanford, co-founder of Cryptocurrency Simplified – a platform that shares our commitment to ensuring that people have the resources they need to understand and use digital currency and the blockchain. In that interview, she provided details and insight about her exciting project.
Capitalism’s distinction from economic ideologies is that anyone can enter a market, leverage their skill set and have an equal chance to climb the ladder based on their performance. A dictator, ruler, or union doesn’t decide how much your work is worth; the free market does. Some proponents of economic ideologies often mislabel free market capitalism as just another ideology, but they couldn’t be more wrong. Free market capitalism means that the economy is devoid of the regulatory environment required to enable groups or individuals to impose their theories on how an economy should be run through regulation, coercion, or force.
The Dogecoin cryptocurrency was Founded in late 2013 with branding that played on a cartoon dog. It quickly became a hit among the younger participants in the cryptocurrency community. Based on an internet meme, Dogecoin’s founders exploited this brand recognition among their target audience, and it worked! The website Dogecoin.com was first published as a joke, but after it went live the website’s publishers were approached by a developer who offered to compile them a Dogecoin-branded QT client.
One of the things that makes DNotes truly unique in an industry packed with rival digital currencies is the fact that the DNotes currency doesn’t exist within a vacuum. Instead, it exists within an entire ecosystem of products and services designed to support and facilitate its overall mission. The components of that ecosystem were all specifically created to further DNotes’ goal of achieving mass acceptance and adoption, while simultaneously providing invaluable services to the industry and public. Our innovative CRISP offerings are a perfect example of how that works.
As a core component of the DNotes ecosystem, CRISP is strategically linked to that system and was created to help us achieve DNotes’ ultimate objective: becoming an inclusive digital currency in global commerce, for the benefit of everyone. In this article, I will explain how CRISP fits into the DNotes and DNotes Global model in a way that benefits everyone on the network.
“If at first, the idea is not absurd, then there is no hope for it.” – Albert Einstein
In recent years, Initial coin offerings have become a popular way for many blockchain-related projects to obtain needed capital. In fact, 2017 saw ICOs bring in roughly six times as much capital as traditional venture capital funding rounds. And while some observers might have expected that fundraising success to taper off as cryptocurrencies declined in value in 2018, ICOs have continued to attract substantial investment. Unfortunately, that success has also attracted attention from regulators, and calls for greater oversight of the cryptocurrency industry and its fundraising efforts.
Recently, DCEBrief had the opportunity to speak with DNotes Global Inc co-founder and CEO Alan Yong and we asked him to share his thoughts on the current issues surrounding initial coin offerings. Below is the transcript of that conversation.
Aside from the painstakingly obvious differentiating factors such as total supply, algorithm, and name, there are several distinctions between Litecoin and Bitcoin. Although Litecoin’s leadership and community often sells itself short by dubbing Litecoin as ‘the silver to Bitcoin’s gold’, it has several distinct advantages over Bitcoin.
“If at first, the idea is not absurd, then there is no hope for it.” – Albert Einstein
True to the words of Albert Einstein himself, DNotes global digital currency – a perceived underdog among industry peers – has often received short thrift from naysayers who have yet to formulate a valid argument against the currency. That’s primarily because they haven’t taken the time to fully understand it. After all, DNotes is not just another cryptocurrency, though it is easy to overlook the uniqueness of DNotes’ path because of the sheer massiveness of its scope. DNotes is not just simply targeting niche markets like apps or software, but instead is focused like a laser on becoming the global digital currency of the future
Governing bodies have been the sole arbiter of sanctions and stimulus for too long now, and the people have very little control over economic matters that affect their own lives. Ordinary people often lack a voice on the stage where these matters are discussed, and even if they had a voice, they have no real leverage to bring to the negotiating table. Most ordinary people face heavy burdens from debt, liabilities, lack of liquid assets, many fail to grasp basic economic concepts, and there are a lot of people who couldn’t care less. It is high time that people who do care take back control of their own lives, begin reducing nanny state economic controls, and embrace the free market on a society wide level.
Canada’s government is failing the people. According to www.debtclock.ca the Canadian Government is in debt to taxpayers to the tune of 657 billion dollars. This begs the question: how can they still pay the people after they have already liquidated the rest of their gold reserves? They seem single-mindedly intent on seeing how long they can run deficits before taxpayers notice. Canada’s treasuries are empty, yet the government continues to pay workers in the unbacked currency. Unbeknownst to most taxpayers, they are willingly handing over their labor and selling their products for a currency that is essentially worthless.
How long this charade can go on is anyone’s guess, but the clock is ticking; it’s time for cryptocurrencies to start making headway in Canada and for the people of Canada to get prepared for what’s about to come. Irrespective of party in power or leader, if the Canadian Government pushes their luck much further they will find themselves on the receiving end of a mass uprising, as even the docile, meek, and timid, become fearlessly enraged.
For many years, our view of the governance model for information was based on the centralized approach. Even now, in the 21st century when most information is already stored in databases, we have gotten used to the idea that data that belongs to us… is not managed by us. Instead, it is managed by certain trusted parties such as governments (national registers), banks (financial databases), private companies (social networks) and so on. However, the rise of Bitcoin has sparked a new debate about the need for those controlling third-parties. Now that we’ve managed to build a transparent, auditable, independent financial system that requires no intervening third-parties, blockchain advocates naturally wonder why we can’t apply these properties – or at least some of them – to other systems. After all, the blockchain has opened the door to a fundamentally new way of managing data – one that belongs to the community. This is the primary question that we’ve decided to cover in this article.
Based on the findings of leading news outlets that have historically acted as an early warning mechanism for the public, global nuclear tensions appear to be at an all-time high and people are woefully underprepared. All-out nuclear war would instantly set civilization back 100 years. The initial blasts could kill billions. Those who survived would face food shortages, famine, infertile crops, and billions of tons of dusty smoke that would block out the sun. When coupled with an irradiated, uninhabitable environment, this recipe for chaos will all but entirely halt productivity. No productivity means no goods are produced, eliminating the need for any currency, let alone a digital one. The systems that support society would crumble, leaving only the arduous task of rebuilding while simultaneously tending to victims and trying to provide basic survival for oneself.
SophiaTX is a joint venture between Venaco Group, an SAP system and innovation firm, and Decent, the blockchain content distribution platform.
Their focus is on creating SAP-integrated solutions for businesses of all sizes, minimizing requirements for programming, and maximizing the ease of creating and deploying applications on their blockchain.
High Performance Blockchain (HPB) is a scalability-focused blockchain platform, with its roots in China. Although they are often compared to EOS, the HPB team is tackling the scaling issue using a very novel combination of both software AND hardware. They hope that their hardware acceleration model will help to speed up both transaction throughput and latency to a degree that allows unrestricted real-world use cases.
When most people hear about the 1600 cryptocurrencies and ICO tokens listed on CoinMarketCap, they assume that number includes every one ever launched. This assumption may come after they scroll down to the end and notice hundreds that have no marketcap and/or no volume. The bottom of the list is often referred to the graveyard – a place where abandoned coins go to die. The real graveyard however, is wherever they go after they are removed from the listing. At least while they are on CoinMarketcap, for better or (usually) worse, there is a marker of their demise.
If you’re like most people and you one day plan to retire, then you’ll need to think about saving and investing to replace the earnings that you’ll no longer get from employment. It is natural for humans to look to the future to work out what action they need to take today to ensure a better future, but too often a lack of information about the world around us distorts these calls to action. And while we may sometimes be ignorant of economic reality, economic reality doesn’t ignore us when things go belly-up.
Launching their mainnet March 29th is Nebulas, a decentralised search framework for blockchain, brought to you by NEO co-founders Hitters Xu and Aero Wang.
Just like the internet, blockchains will eventually require search engines to locate addresses, content and dApps, as well as verify their relevance, importance, and legitimacy.
Nebulas hopes to provide the foundation for this using their “Nebulas Rank” system, which will provide a way to assign ranking scores not only on their own blockchain, but across all major blockchains in the ecosystem – in much the same way that Google Search rankings perform that function for the internet.
In the last eighteen months, cryptocurrencies have stormed onto the financial scene with a very loud bang. The cryptocurrency market is now valued at north of $500 billion and growing exponentially every year. At this rate, the cryptocurrency market will be worth trillions of dollars in just a few short years. This multi-trillion-dollar pot of gold is now firmly entrenched in global finance. As a result, what was once scorned, ridiculed, and considered little more than a pipe-dream is now being taken very seriously by almost every major financial institution worldwide