Tuesday, October 23, 2018

Bitcoin

Terms & Condition What Blockchain and Bitcoin Mean for the Protection Business You may have heard the expressions "blockchain" or That implies understanding blockchain and Bitcoin is essential in case you're hoping to win in the cutting edge protection industry. This post has you secured. It gives meanings of blockchain and Bitcoin, at that point separates why this data is critical to protection industry experts. WHAT IS BLOCKCHAIN? WHAT IS BITCOIN? "Bitcoin" utilized as a part of tech hovers in the course of recent years. These ideas, alongside intense utilize cases, are changing how we consider money, exchanges and contracts. Simultaneously, they're likewise changing how we consider the protection business. These progressions will affect protection bearers and operators, and how protection is purchased and sold. That implies understanding blockchain and Bitcoin is essential in case you're hoping to win in the cutting edge protection industry. This post has you secured. It gives meanings of blockchain and Bitcoin, at that point separates why this data is critical to protection industry experts. WHAT IS BLOCKCHAIN? WHAT IS BITCOIN? However, remember that blockchain does not need to be money related. Ramifications OF BLOCKCHAIN AND BITCOIN FOR THE Protection Business In their book Blockchain Upheaval, Wear and Alex Tapscott clarify that blockchain is "the brilliantly straightforward, progressive convention that enables exchanges to be at the same time mysterious and secure by keeping up a sealed open record of significant worth." The blockchain is intended to store exchange records ("obstructs") in numerous spots, connected to each other (henceforth the "chain" some portion of the name) and straightforward to any client who wishes to see them. Critically, this record can't be changed, so anybody can see a typical and exact rundown of authentic exchanges. Bitcoin is a kind of computerized money that utilizations blockchain innovation. It's not by any means the only one that utilizations blockchain, yet is one of the more prevalent alternatives available. Despite the fact that bitcoin is the most famous cryptographic money upheld by blockchain innovation, other advanced monetary forms, for example, ether and litecoin—utilize blockchain innovation too. All bitcoin exchanges are recorded in a decentralized open record that can't be adjusted. In principle, this is something worth being thankful for on the grounds that it makes trust among all gatherings of the exchange and gives an unmistakable trail of procurement that avoids fake exchanges. This is one manner by which blockchain can possibly change exchanges. Blockchain applications like cryptocurency,For example, INGUARD was the principal insurance agency to acknowledge bitcoin installments. We did this since it was the correct activity for our well informed clients—a state of mind very rare in the protection business today. Consider: 40% of protection premiums turn over every year—and 66% of buyers would purchase protection on the web in the event that they could. (What's more, and, after its all said and done, they're scarcely happy with back up plan sites.) Shoppers don't confide in their safety net providers to put their best advantages on the most fundamental level or execute in a reasonable, break even with way. Bitcoin and blockchain innovation, as we would see it, are devices that can possibly carefully ensure customers, as well as reestablish assume that their needs are being met. Innovation appropriation in the protection business ought to dependably make more an incentive for shoppers. It should expel contact from the purchasing procedure and empower a superior client encounter. What's more, its adequacy ought to be estimated by consumer loyalty, not the amount PR or advertising duplicate another framework creates. That doesn't generally happen. shrewd contracts and decentralized models for protection will change how protection is appropriated. What's more, when you change how protection is disseminated, you significantly modify how existing players profit and test business as usual. Insurance agencies could utilize the blockchain to make a disseminated record that cultivates straightforwardness, successfully tracks cases and exchange history, and gives perceivability into the authenticity of a claim. Brilliant contracts based on the blockchain can balance deceitful claims by recording exchange history on people in general system, which would dismiss different cases for a similar occasion. This could spare the business billions and open up gigantic chances to make huge measures of significant worth for buyers. Cryptocurriencies can make trust amongst safety net providers and their clients could make trust. In any case, with the focal points blockchain innovation gives, that could begin to change. Also, that will be advance in reality.

Make Money Online With Your Own Internet Business Read Guide

Make money farce
You've seen them since starting internet marketing and probably have received thousands of them. They come out of wood work, right? Opportunities promise that you can earn money online without any effort. Then you invest your money in the opportunity to find out that there is no pie in the sky ... The only cold reality is that you have spent some of your rent on someone's new car.


Yes, it is the reality that many internet marketers face. I have gone there I started with my father in this business and let me tell you ... we have seen every scam under the sun. Why? Because we were those who had a dream and wanted to help other people through success only to find out that there is no free food in the business. The coolest fact is that "business is business" Period. There are ten million jobs per year in the home.
There are many more idiots who buy in the dream. In the end, they have been abandoned like me and my father ... few thousand dollars less.


But, it's online and it's going to be true
Here's a revelation. Those who lie They just do not lie a bit, it's very much like lying. They want you to trust them, and trust their story. But when it comes to giving ... good. You know You have been there one thousand and once. You have spent your money on magic money on the internet only to understand that you are out of money and now there is a tooth (mythological toothache).

I'm not here to sell you a pie in the sky. I'm here to be a shock of reality. Sleeper, it's time to wake up! Internet is not a new invention that violates business rules. This is business on steroids. Imagine business rules that you know and then multiply them by the extreme amount of variables offered by the online component. The Internet can allow you to become very rich or break a lot.


So ... can I earn money online or not?
You can do young Jedi. I know that what I have said may be a bit silly but I am serious. "Internet business" is not money like online money. The thing is that you have to see what it is. This is just your internet business ... a business Do not enter the online business sector with any other mentality compared to "I am going to run my business".



There is nothing more commercially and more satisfying, then run your own business. And if it gets right, then your internet business can feed you and your family. You are looking for quick ways to make money. Once you set up your business using the model, you can use the money. It all comes down to you and your imagination. Add stir, grind, and grit and you get something.

Types Of Cloud Computing ! Private Cloud , Public Cloud, Hybrid Cloud

Cloud computing is an effective way to keep your data safe and secure.
Provides you the ability to access your data anywhere at anytime. Before the clouds
Computing was not necessary but in today's world it is a must. Every company
Uses some kind of cloud to store your data
There are 3 main types of cloud computing.



1. Private Cloud
2. Public Cloud
3. Hybrid Cloud.


All of these play an important role in the management and maintenance of cloud data
Online.

1. Private cloud
You can easily understand the name of the cloud type.
Private clouds are clouds that are not open to everyone like the public
cloud.
In a private cloud, the user has to either create an account and pay for it to be used.
Private cloud is a more secure public cloud because its use is safe

Different codes and hacks in this cloud are not easy to hack.
There is no limit to uploading public cloud-like data in private clouds.
They are suitable for high prices and groups.
There are many private clouds available on the Internet such as the name of Google Drive
some.

2. Public cloud
Public clouds are free but not completely free cloud servers.
Public cloud is necessary and easy to use and users can easily access them.
Stored data effectively
Its less expensive than private cloud.
They are suitable for medium business because they have limited amount of data
Storage.
It is pay per use and low cost. It is not suitable for all businesses because its limit is
Its security

3. Hybrid Cloud
It's like a mix of private cloud and public cloud.
For example: - If Company A has sensitive information then it can use one
Personal cloud to store information while relying on public cloud PRN
Its low cost and can be tolerated by companies who can not afford their own
Cloudy or public cloud

Cloud computing is an effective way to keep your data safe and secure.
Provides you the ability to access your data anywhere at anytime. Before the clouds
Computing was not necessary but in today's world it is a must. Every company
Uses some kind of cloud to store your data
There are 3 main types of cloud computing.

How To Donate A Car In California

Are you ready to donate a car in California? If so, good for you! Donating a car for charity is a wonderful decision at many levels. First of all, your donation goes to help a great cause. In addition, you get rid of your old vehicle or junk car from your property. You are also recycling an old vehicle, and you also claim car donation as a tax deduction.


In this post you will find some tips on car donation in California and you should be aware of some specific requirements related to California car donations.


1. To donate a car in California, you start by submitting an online car donation form or by calling the donation you want to donate your vehicle. If you want to claim car donation as a tax deduction, make sure that donation is an IRS recognized non-profit organization

The process of obtaining a tax receipt for your charitable donation can be different. Some donations will email you an initial receipt, while the tow truck will give you the receipt at the time of pick-up. This is just the initial receipt and enables you to claim tax deduction up to $ 500. When you submit your vehicle donation, you should check with your donation to know what their procedure is to provide this receipt.

In the state of California, the license plates live with the vehicle, so they should not be removed prior to pickup.

Registering a release of responsibility with the California Department of Motor Vehicles is an important step that you do not want to miss when donating a car. This document frees you from future liability, which can be generated for any reason after the donation of the vehicle. The process of issuing responsibility in California is That you have to return the pink part of the title or DMV form REG 138 to your local motor vehicle department. Alternatively, you can file your release of online liability at http://www.dmv.ca.gov.

If your vehicle sells for more than $ 500, or if it qualifies for a reasonable market value tax deduction, after the sale of the vehicle, you will get extra tax paper work. The amount to be deducted on your taxes will vary depending on a number of factors, in which the vehicle can be classified as the price sold or the appropriate market value car donation.


One last thing that we should mention is that if you are planning to claim deduction by donating your car on your taxes, then you have to make sure that you have a good car before the December 31, 2012 deadline. Donate from The donation must have the right of the vehicle before December 30, or at least the pick-up in the work is well, on December 31,
So that you can claim your tax deduction in 2012. Do not wait for the last minute as the delay may occur, as a result you may be unable to claim donations as a deduction for current tax year.

If there are any other questions related to deduction of your car, most of the donations are relatively knowledgeable about process and paperwork, however, you should consult a CPA or accountant for specifications about your particular tax situation.


For additional questions related to car donation in California, you can contact your local DMV or visit the California DMV website for the latest information on state specific requirements.

How To Start An Online Business – The Secret Is “Service”

If you want to cultivate any kind of commercial endeavor - online or otherwise - the most important thing that I have found is the role of service in what you are doing.




The service is not an arbitrary word that is described to describe whether you respond to the customer support email - it determines whether a business venture will succeed or not.

Keeping this in perspective, if you believe that "business" really does "what does" - we have seen a significant change in "service" based model from "production" in the last 15 years.

Trapped with the development of internet connectivity and engineering techniques, the method of being "productive" in the modern world (especially in the West) is to make new products and equipment provision. How should they become a secondary concern (little profit in it).


Key - Contrary to historical production - it is no longer that "production efficiency" is a big deal ... almost everyone has access to it.



Those who do not have a market in which their products are offered. This market (depending on the type of company you cultivate) will determine the price of the product and is it something that they would consider using.

The point is that if you want to "enter" in business, then you need to understand the most important thing that you will be able to provide as a service professional. This service - either by using its own products / tools, or anyone else - is a real secret - why some companies seem to be "always" increasing, while most of the conflict

The purpose of this tutorial is to tell how it works, and what to do if you are looking for a world of enterprises.

Service makes world go round (literal)

Most people are connected to "business" because they have an idea that they want to move forward.

Perhaps they wanted to create their own line of clothing, wanted to join some kind of "lifestyle" business (winery / farm etc.) or with a particular area (cosmetics / modeling) - "unsuccessful" businesses are usually identified Anyone's desire starts with "work for yourself".

This is a lie. People do not care that you have started a "business" and the stories about the 12th year's CEO are his fifth company, because publication wanted some fresh publicity for its readers to come back.

The simple reality is that the prominence of the people only goes away from the requirement. They consider a product "essential" for their lives, how much they will pay (and thus a value).

The way to ensure that your products are purchased, to create a need for its use. Do not even think about "selling" it - [Most] people are not idiots; They will provide value to any product required for their life. Nobody has ever bowed at the cost of life-saving cardiovascular surgery ... and the same principle exists in every other profession. People pay in a direct proportion about what you are actually "harmful" about what you are doing.

The most important thing to know is that "service" sits in the core, which gives interest to the company.

This is not their "product" or even their "employees" - they do it on a daily basis, which run the results. This "activity" recognizes the market - and is finally attracted.

Think about it.

Apple does not "build" its products. They design them and come with all the components etc. Their service is design.
Tesla "builds" its products because no one can do it as well as it can.
Amazon is actually a digital logistics company - no one is able to store and send as many parcel as effectively.
If you want to go to "business", come up with a result that you can provide to the market.

10,000+ Twitter followers in the first 60 days
150+ YouTube subscribers in the next 90 days
Guaranteed Italian in conversation 14 days
Branding lesson from Ferrari + Lamborghini
Custom shirts keep you; Custom suits you pay
If you want to "start" a business, then the best you can do is to see what people are purchasing (just browse any "Best Seller" section of the market)

It gives you a direct indicator of * exactly * for which they have a budget (what they are willing to pay). This allows you to provide this RESULT in a service (ie your way) - so that you can start attracting customers to see how effective you are in providing results.

I have seen that the biggest issue is leading with a product, or even "solution". I hear it all the time - "What problem does your business solve" ... Hardly anyone buying a product thinks that they have a "problem". Instead, they are looking for a special service that can be provided to improve their life in some specific way. Or - Gary Halbert said - "Your marketing should spread to your students".

Think about this - you'll do business with: "World's Largest Social Media Agency" or "10,000+ Followers Guarantee Agency or Your Refunds in the Next 30 Days" Whereas pre-work for established businesses works for any later business - especially new ones.

Note that how do you actually achieve results, not selling anything about its "process"? It comes later; You need to accurately determine what the buyer is getting for his time / money, which is a follower of "social media". For SEO, this is the # 1 Google rank and for "programming", this is to create a "recursion saas business".

Obviously, the way in which the different results are cultivated, it is important. But irony, nobody cares about how you do it ... until it is valid.

This is the reason that some companies start winning "always" - their "service" is based around the provision of special results. They ignore everything (outsource).

If to start a business, then it "pays" to focus on the service

Finally, if you are looking at "getting started" a business - the key is to forget yourself and focus solely on the underlying results that you can provide to the customer.

If you do not have the skills to give results, then you need to work them (which can be done on the job).

Think about each transaction from the perspective of which you can add to the engagement. Do not be afraid of "removing the silver of the family" (in reference to "mystery") - 99% will not compete with you, and the person who snatches you will jump to the next stage.

The important thing you need to do from an enterprise perspective is to identify the different "services" that you are either capable of - or are available for anyone with the right budget.

Quick Guide To An Insurance Claim

Before anything else, we have to first understand what insurance claims are. In this way, we can appreciate the whole process better and it becomes completely easier because we already know what to do phase-by-step with regard to the whole process.


A claim occurs when you ask the insurance company to compensate you for the loss made after the car accident, or when you ask the insurance company to represent you or interfere with you, Are liable for.

You pay a lot of money for your car insurance, so it is understandable that if you are involved in an accident, you would like to claim. Depending on whether the accident is responsible, or is not responsible, and the type of damage, your insurance company will be able to provide you coverage based on the type of car insurance coverage.

The claim can be paid from wider coverage, collision coverage, or any liability from the minimum car insurance requirement classes. Depending on the circumstances of your car accident, the claim can also be paid from several sections of your policy.

If you are wondering if your collision claims will be more difficult to bear compared to the accident, then the good news is that claiming is usually quite simple. By following a systematic approach and careful recording that has happened, you can collect all your information. The following guidelines will help you to ensure that the process runs smoothly.

On the crash screen

One of the best ways to speed up the entire claims process is to start at the right start, and it starts in the scene of the accident. Better information and evidence you can collect there, better

Here's what to get:

Personal Data: Try to get basic personal information from everyone in the scene. This includes all other drivers, travelers and waitresses. Get their names, phone numbers, and home and email addresses. Anything that makes them easy to find later. If you have the time, take a few notes about each witness who has seen and heard. Pass all this information with the adjuster of all your claims, but make sure to keep copies for yourself.
Insurance Information: This is especially important. Be sure to exchange insurance information with drivers of all vehicles involved in the accident. This is probably the first thing your Adjuster asks you.

Picture: Take a bunch of pictures of the accident scene. If you can get the pictures before taking the vehicles out of the way, then great, but do not create a dangerous situation to take them. Certainly take pictures of all the damage involved in your car, all other vehicles, and anything else. Take some pictures of the accident spot too. Some different angles are always helpful. If you can, take pictures of involved parties and all the witnesses. And, finally, take pictures of each party's insurance card.
Law enforcement: Always call the police after the accident. They may or may not be able to answer, but it is always worth the effort. When they arrive, be sure to get the names of the officials. They will gather their information and interview for their report, and tell you how to copy the report after writing the report. Press whatever they give you the paperwork and pass the copies to your adjuster.
Contact your insurer ASAP


I am sure that you have heard this saying, "Most offenses are resolved in the first 48 hours of the incident." This is because the view of crime remains intact and details are still fresh in the brains of the witnesses. It's like this with a kind of accident. We are not talking about a crime here (I hope), but the idea still works. The sooner you contact your insurer, the easier it is to get accurate data that they need to get the most accurate data. If possible, call them with the accident scene, this is not a bad idea.

Be cooperative and quick

The smallest accidents are relatively simple to handle your adjuster. He has done them hundreds of times. This does not mean that some of the pieces of evidence or information can not be claimed by the missing.

If your adjuster calls you and leaves a message to call it back, do it as soon as possible. Good communication between the insurer and the claimant is important. Apart from this, it is difficult to complain about slow processing if you are holding it.

be honest

This rule appears to be clear, but not everyone follows it. It wants to avoid pain from humans, and accepting that you are making a mistake for your accident, it can be very painful. But if you are in error, do not try to take it out by lying. First of all, insurance adjusters have great experience with accidents and fibers.

They really are good about finding out what happened and if you are less than coming along with facts then it can be very bad for you. Remember "double compensation"? Insurance is thrown on fraud and with the increase of premium, you can get a lot of money which you will get by ADI

The Importance Of Insurance Reviews

The Importance Of Insurance Reviews
Most people reach their insurance brokers or underwriters when there is an important event in their life that requires new or modified risk coverage - perhaps when they buy a new home or have time to do business in an old car. However, it is rare to review your insurance at regular intervals or when there are more subtle changes in their coverage requirements Regular review of your insurance helps to ensure that you expect your coverage to happen in an unfortunate situation which you need to file a claim. It also helps in getting active about decision making decisions and reducing your insurance costs.

There are many different situations that may change your coverage needs and call the insurance professional for review. The examples below identify some examples in which you would like to review your coverage:

Renewal - If you renew your home, then it is possible that you are also increasing its value. Whether it is a new kitchen, bathroom, pool or even expensive landscaping, make sure to check your policy limitations to ensure that they remain adequate in case of insured losses. If you have recently upgraded your basement, then note that it is possible that your water damage insurance should be reviewed.

You are accumulating the property - have you recently made a list of houses? Most people have more personal property than they think. Assessing the adequate value of your borders is important in ensuring that your limits are sufficient.


You have purchased a high value item - remember that some of your private properties have to be covered appropriately. Jewelery, antiques, collectibles, wine collections, and art pieces are some examples that may require additional coverage.


New coverage has become available - Insurance industry is often favorable for changing market conditions and provides coverage in those areas which were not previously. For homeowners, insurance has become available from some insurance companies in some areas for underground water damage and home repair issues (eg broken furnaces). In addition, legal expenditures are available from insurance, travel insurance, and pet insurance brokers looking to cover your risk and insurance requirements more.


Laws changing to give you more or less options - A change in automobile accident benefits means that you should review your options.


You become eligible for extra discounts - Changes in your personal circumstances can affect your eligibility for policy exemption. For example, if you install an alarm system, you are probably eligible for a discount on your homeowner policy. If you use ice tires on your vehicle, many insurers give a discount on your car insurance policy. If you pass the age of 50-55, you can become eligible for mature driver discounts.


If you change jobs and travel less - you should report it to your insurance broker because driving is usually less related to low risk and less expensive premium. If you have a certain job business, you may also be eligible for lower insurance rates.


You have started a home business - in addition to strict residential, a different use of your home, business insurance may need to properly cover liability risks.


Your personal circumstances change - If you are married or have children, you will want to review your coverage to ensure that your coverage level is adequate for the care of your dependents in case of an accident.


Your child gets the driver's license - always check to see if your child can be added to your policy or not. It is often the least expensive option to insure them to drive. If they get their car, then you are probably also eligible for multi-car discounts.


If your child goes away to go to college or university - check to see if the owners of your home can be covered so that your child's assets can be protected when away at school. It can be more cost effective to buy a standalone tenants insurance policy.

Personal Finances Is All About Breaking Bad Habits And Creating New Ones

Personal Finances Is All About Breaking Bad Habits And Creating New Ones
People are often taken advantage of to give unwanted advices to others about the best way to manage finances. You will come to the ideas that work and give you space, but often people give this kind of general advice. Trying to keep the bits of information together and use it in a meaningful way is not usually the best plan, because some information may be flawed and other parts can be confused.


How can you take good care of your money and your finances so that you can not eliminate your savings on your savings needs?

Generally, the problem is that most people do not have a good understanding of how important savings are for future savings. Most people are going to do everything with their money before thinking of saving. Although saving is not better than saving in this way, in fact it is a very ineffective way to make any kind of financial independence or security.

Manage Your Personal Finance

If you want to save money for the future, then you want to help these plans on your plan. Many people who practice these methods are surprised how easy it is to follow them.

Just set aside 20% of your paycheck.

Rather than eliminating your savings after spending the expenses you had incurred to save your income, just reverse your expenses and savings habits. Take 20 percent of your earnings first and keep it towards saving before spending it. As soon as you get paid, be sure to deposit this money. After saving 20 percent, whatever is left, after paying bills, buying groceries and getting a new pair of shoes.

This method ensures that you will have cash in future that is important for your future and helps you become more effective when you develop your own budget. This is a good feeling when you know that you have cash for emergencies.

Keep things simple



There are a lot of people who are going to see the latest gadget and are lost. You can not give instructions to other people around you that what you are doing with the money you are making. You want to buy the latest iPhone, but there is something you should ask yourself. Think about it, do you really need to spend money?

Is there something that is not present in your new model? There is no shame in being rewarded with glorious things, but you have to keep it under control. You should never go before important expenses to buy luxury, and your twenty percent savings rule should not be violated.

You want credit over cash

Do not Fall For Fancy Credit Card Marketing Many people end up with heavy debt due to the start of buying small items using their credit card. It is easy to get lost in the net that the purchase of $ 50 will not eliminate financial loss in the future as it can be paid within a month. Actually, after roaming the billing cycle, you are probably just like most people who pay a minimal amount towards the bill, making $ 50 worth of clothing costs closer to $ 100.

Try to use cash whenever possible. Save your credit card only for emergencies. It is possible to change your credit card with a debit card so it is a good idea.

Taking charge of the budget and getting your finances in order is easy. To change the bad old ones you just need to make good new habits.

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Donna Gain is a well-respected home based business owner for more than 15 years. She has been living in many different home based businesses that helps others grow with a solid foundation to do successful business. To find all the internet marketing keys for success, you need to know about exploding your business, and to claim your copy of "How to Create Your First 6 Pictures in Network Marketing," on the above link Click

How To Find The Best Insurance Agency

When you need coverage, you should look at your insurance agency to find the right policy. You may not be aware of some of the policies available. While you feel that your traditional insurance will include everything, you may be surprised to know that traditional homeowners, rentals, medical and car coverage have diminished.


Different Types Of Coverage

If you should determine that you need any of these supplementary options, you should check with your insurance agency to find out if they provide coverage in question or not. Not all underwriters offer these policies. You may have to get these supplementary offers from other agents.

If you have a dog, you would like to buy a dog bite or "pet liability" plan. While you may think that your four-legged friend will never harm anyone, there is always a chance that this can happen. According to the Institute of Insurance Information, half of all incidents happen on the owner's property. While the landlord's liability may include medical costs, there can be complexities, such as the events are away from home. Any unpredictable problems will be handled by having a specific dog cutting policy.

Those who live in coastal areas want to get flood insurance. It protects your goods from damage due to flood. Most homeowners do not realize that traditional homeowner's plans do not cover this loss. This is the reason why buying these policies separately is important.



Burial coverage gives the money to your living family members to pay the cost of your funeral and burial. The cost is modest, only a few weeks in a week or a month. This policy is not often sold through the traditional insurance agency. You must buy either a broker or funeral home.

Personal electronic device policies give you more protection than the standard landlord's plan. In a traditional plan, loss due to installation errors is not included. These programs offer repair or replacement of electronics such as computers, stereo and televisions.

If you have valuable items like jewelry or high end electronics, then you want supplemental coverage. While the plans of your landlords cover certain items in the event of fire or theft, it does not include everything.

Some businesses provide short-term disability to their full-time employees. However, if your company is not one of those groups, then you should include short-term disability. Medical plans will help doctors and hospitals cover bills, but it will not help to cover the normal monthly bills which you can pile up to remember. Although not all short term disability programs are the same, to ensure that you do not fall back on your bills, this is something that you should check.

Bitcoin Vs Goldcoin

If you do not know what the bitcoin is, then do some research on the internet, and you will get a lot ... but the small story is that bitcoin is made as a central bank or an issue of bank issues without any issue Was there. Apart from this, bitcoin transactions should be private, which is unknown. The most interesting thing is that bitkawney has no real world existence; They are present in computer software only as virtual reality.



The general idea is that bitcoins are 'mining' ... interesting words here ... by solving an increasingly difficult mathematical formula - is more difficult because bitcoins are 'mining' in existence; Interesting on a computer again Once created, the new bitcoin has been inserted into electronic 'wallet'. Bitcoin is possible to trade real stuff or Fiat currency ... and vice versa. Apart from this, since bitcoin has no central issuer, so all of it is highly distributed, thus it is resistant to being 'managed' by the authority.

Naturally supporters of Bitcoin, who benefit from the development of Bitcoin, emphasize that 'Surely, Bitcoin is money' ... and not only this, but 'this is the best money, the future money 'Etc. ... Well, the pro-Fiat supporters shout aloud that paper currency is money ... and we all know that Fiat Paper is not money through any means because it lacks the most important properties of real wealth. The question is, bitcoin also qualifies as a money ... never regards the future money or the best money ever.

To find out, let's look at the properties that define the money, and see whether bitcoin is eligible or not. There are three essential properties of money;

1) Money is a steady store of value; The most essential feature, failure of the numeraire function, or value unit of value, without the stability of value fails.

2) Money is numeraire, account unit.

3) Money is the medium of exchange ... but other things can accomplish this task i.e. the direct barter, the exchange of goods 'netting out'. Apart from this, 'trade goods' (chips) that temporarily value; And finally exchange of mutual credit; I.e. eliminate the value of the promise made by the exchange of bill or IoU.

Compared to Fiat, Bitcoon does not do very badly in the form of exchanges. Fiat is only accepted in the geographical domain of its issuer. Dollar is not good in Europe. Bitcoin is accepted internationally. On the other hand, very few retailers currently accept payments in bitcoin. As long as acceptance grows geometrically, Fiat wins ... although on the cost of exchange between countries.

The first situation is very difficult; Money should be a steady store of value ... In just a few years, Bitcoin has gone from $ 3.00 to 'worth' to nearly $ 1,000. It is close to being a 'stable store' value; As you can get! Indeed, such benefits are a perfect example of a speculative surge ... such as Dutch tulip bulbs, or junior mining companies, or Nortel stock.

Of course, Fiat also fails here; For example, the US dollar, 'main' Fiat, has lost more than 95% of its value in a few decades ... neither Fiat nor Betquin qualifies in the most important measure; The ability to store value and preserve value through time. Real money, it is gold, has shown the ability to keep value for centuries, not for centuries. Neither Fiat nor Bitcoin has this significant potential ... both fail as money.

Finally, we come into second feature; to be numeraire. Now it is really interesting, and we can see that seeing the question of 'numeraire', why both Bitcoin and Fiat fail in the form of money. Numerier not only refers to the use of money to store the value, but rather in a measure measurement, or compare the value. In Austrian economics, in reality, value is considered impossible to measure; After all, the value remains only in human consciousness ... and how can anything really be measured in consciousness? Nevertheless, through the principle of the market market action, it is a dialogue between the bid and the proposal, market prices can be established ... if only transient ... and this market value is expressed in terms of number So, the most marketable good money is.

So how can we establish the value of Fiat ...? Through the concept of 'purchasing power' ... ie, the value of Fiat is determined by how it can be traded ... a so-called 'goods basket'. But they clearly mean that Fiat does not have its own value, but the price flows from the value of goods and services for which it can be traded. The edible 'bought' stuff flows on the Fiat number. After all, what is the difference between a dollar bill and a hundred dollar bills, except the printed number on it ... and the purchase power of the number?


On the other hand, gold is not measured by the measurements it makes; Rather, in particular, it is measured by another physical standard; Its weight, or the mass One gram of gold is one gram of gold, and ounces of gold is ounces of gold ... It does not matter whether it has 'face value' on its surface or otherwise carved. Reason is contrary to Fiat; Gold is measured with weight, an internal quality ... not by purchasing power. Now, do you have any idea of ??the value of ounce of dollars? No such thing. Fiat is 'measured' by only one transient quantity ... printed number, 'face value' on it.

Bitcouine is far from being numerical; Not only this is only a number of fiat ... but its value is measured in Fiat! Even if Bitcoin is accepted internationally as the medium of exchange, and even if it manages to convert the dollar into acceptable 'numeraire', then in the internal like gold There can not be an underlying solution. Being unique in gold being measured by a real, irreversible physical quantity. Gold is unique in value stores for thousands of years. It is not a unique combination of the qualities of humanity and anything else.

Finally, Bitcoin has some advantages over Fiat, i.e. anonymous and decentralization, it fails in its claim of having money. Its advantages are also suspicious; Its aim is to limit the 'mining' of Bitcoin to 26,000,000 units; That is, the 'mining' algorithm becomes difficult and difficult to solve, then 26 million bitcoins becomes impossible after mining. Unfortunately, this announcement may be very good for Bitcutine's death bell; Already, some central banks have announced that bitcoins can become 'reserve' currency.

Wow, looks like a major step for Bitcoin, right? After all, 'big banks' accept the actual value of bitcoin, no? What exactly does it mean that the bank believes that they can do Fiat business for bitcoin ... and in fact to spend 26 million bitcoins, it will cost at least 26 billion fiat dollars. FITT Printer is not even small changes in dollar dollars; It is worth a week of printing alone by the US Fed. And, once Bitcoin bought and closed in the Fed's 'Wallet' ... what useful purpose could they serve?

Will not leave any bitcoins in circulation; An ideal corner If there is no bitcoin in circulation, how can it be used on the earth as the medium of exchange? And, what can the issuer of Bitcoin possibly do to defend against such a fate? Change algorithm and increase 26 million ... 52 million? Up to 104 million? Join the Fiat Printing Parade? But again, by quantity theory of money, bitcoine will start losing value, such as Fiat is believed to be lost through over-printing ...

We come to the main issue; When we already have the best money, why search for 'new money' for gold? Fear of seizing gold? An infiltration lack of anonymity from the government? Cruel taxation? Fiat Money Legal Tender Law? All of the above The answer is not in a new form of money, but in a new social structure, without Fiat, without the official espionage, without the drones and swat teams ... without the irs, the border guards, the TSA thieves ... without and running. The world of freedom is not oppression. Once this is complete, Gold will resume its ancient and important role as honest money ... and not a moment ago.

Rudy J. Fritz was born in Hungary in 1947, and ran away from socialist persecution during the Hungarian Revolution of 1956. His family lived through WWII and as a result of Hungarian hyperinflation, thus he had close experiences with financial destruction.

As an engineer and entrepreneur, he ran a successful family business in Canada for decades, employing more than 100 workers at its peak, until the economic turmoil did not destroy profitability of North American manufacturing. After leaving the business, he decided to study economics for the discovery of the reason for this unhappy situation.

He did not understand the mainstream economics "The Dissal Science", he studied Austrian economics, the only school of economics based in the realities of the humanities. When he discovered the work of Professor Antal Fekete, he came to appreciate it and made a firm commitment to help preserve and circulate the legacy of the professor.
On the other hand, gold is not measured by the measurements it makes; Rather, in particular, it is measured by another physical standard; Its weight, or the mass One gram of gold is one gram of gold, and ounces of gold is ounces of gold ... It does not matter whether it has 'face value' on its surface or otherwise carved. Reason is contrary to Fiat; Gold is measured with weight, an internal quality ... not by purchasing power. Now, do you have any idea of ??the value of ounce of dollars? No such thing. Fiat is 'measured' by only one transient quantity ... printed number, 'face value' on it.

Bitcouine is far from being numerical; Not only this is only a number, as much as Fiat ... but its value