Thursday, December 5, 2013

Why StableCoin is a Better and Cheaper Option Than Bitcoin, Litecoin, and Quarkcoin


In recent days, the internet and media have been abuzz about Bitcoin, the cryptocurrency which has made millionaires of thousands of people of all ages, and allowed an internet black market to flourish like nothing else seen in this world. There have also been many recent publicity stunts involving bitcoin as well. 
Although Bitcoin is becoming widely accepted, there has been much confusion about it. Firstly, what is Bitcoin?

Bitcoin is a cryptocurrency, and throughout the media frenzy, many people have come to believe that all cryptocurrencies are bitcoin. This is simply not true, there are many different cryptocurrencies, with different features and specifications.

The second general confusion is how does any of this virtual currency have value? Surprisingly, the value of cryptocurrencies similarly comes from the way gold and silver have value. Because gold and silver always require large labor costs to mine for every ounce, their prices will generally at least remain at the mining price, value from other uses put aside.

The only way to acquire cryptocurrencies other than buying them, is to mine them as well. How is it done? A computer hashes away at a set of equations that need to be solved on a collectively downloaded "blockchain". Each block contains several Bitcoins (or other type of coin). If all the equations in a block are solved, the coins in that block go to the computer that mined it.

However, the equations become more and more difficult as more blocks of coins are mined. Thus, greater and greater computing power is required. It would now cost a normal computer upwards of hundreds of dollars to mine even a single bitcoin, and for this reason, companies such as Butterfly Labs make specially produced Bitcoin mining computers for upwards of 22,000 dollars. Similar efforts are being done for other types of cryptocoins.

Now that the basics of what a cryptocurrency is - and why they have value, are out of the way, let's discuss why the most popular ones: Bitcoin and Litecoin, are not the best choices.

Bitcoin and Litecoin are both proof-of-concept coins. Bitcoin came about to prove that cryptocurrency can exist, it is workable, it can be anonymous if you put effort into it, it can be accessed from any place that has internet, it is secure, and that it can be used as a currency. It has successfully proved these things, but there are certainly problems.

For one, it is slow. Bitcoin has a 10 minute minimum transaction time. Secondly, it is now facing potential heavy regulation by the U.S. government, and companies such as CoinValidation are working on methods to trach every Bitcoin address that they can possibly attach an identity to - not a good sign for a currency where people like anonymity in transactions. A third problem is that it is proving to be extremely volatile. This is not good for business, and thus makes bitcoin out to be more like a commodity than a currency.

Now on to Litecoin. Litecoin is a coin that came about due to immense centralization of mining power in the bitcoin market, thus cornering people with regular computers out of the market. It developed a different algorithm to mine them, which required memory and a different type of processing. This made all the bitcoin super-miner computers obsolete for this task. This new mining technique has now been proven because Litecoin is very successful and still around, however, this coin was also just a proof of concept. Litecoin is relatively slow, with a transaction time of 2.5 minutes, and is just as volatile as Bitcoin, as it tends to fluctuate almost equally with Bitcoin's price.

Before I go over Stablecoin, I'd like to cover Quarkcoin.

Quarkcoin is a coin that claims to be more secure than Bitcoin, but Bitcoin is already extremely secure, so Quarkcoin is pragmatically nothing new. Its current price is being driven up by hype that it will be mentioned by Max Keiser soon. The coin, however, has a massive percentage of its potential coins owned by its developers, allowing for dangerous falls in price if they decide to cash out.

Ultimately, the only reason all of these coins have so much acceptance right now is due to exchanges that support them, and name recognition.

However, this will soon change. What most media does not mention is that the cryptocurrency community that spawned Bitcoin is currently alight with buzz about what will be the next big, and most viable currency.

Which is exactly why I would like to introduce StableCoin. StableCoin is a recently introduced cryptocurrency which, as the name implies, has a focus on stability. Its features include everything that one would expect to see in the long term success of an online currency.

It has a fast transaction time of 40 seconds, which allows for just enough time for regular transactions, but is also just slow enough to ensure no transaction errors occur. Its difficulty to mine is also recalculated extremely quickly, at a rate of once every 90 blocks. This ensures that the supply of StableCoin remains very stable, and also that there will be no errors in the StableCoin transaction list. This will also ensure that the currency will always function. Unfortunately, many other cryptocurrencies have had such aforementioned errors, bringing about losses of confidence.

Another particularly unique feature StableCoin has is that it will feature something called mixed transactions. A mixed transaction essentially scrambles a transaction, and then rebroadcasting it from a geographically separate location from yours. This makes it totally impossible to track the transaction, see who it is coming from, or where it is going to. This circumvents tracking efforts from companies such as CoinValidation.

One final thing to mention about StableCoin that you may encounter, is that the coin was partially mined by the developers before being made available to the public. The purpose of this was to provide another method of anonymity by using these coins to exchange between transactions, but this was an unpopular move, so the team effectively destroyed these coins by provably removing them from circulation permanently.

Overall, for anyone who is just getting into cryptocurrencies, I'd say StableCoin is a great buy. It can be bought easily on an exchange such as Crypsty, its stability ensures safety for business, its anonymity ensures large amounts of adoption, and its speed ensures viability for day-to-day transactions. With the currency being so new, the price is still extremely low for what this coin is worth. As far as cryptocurrencies go, this one can't be beat.

Tuesday, November 5, 2013

IMF idea: German Savers to Forfeit a Tenth of Their Assets

So far, German savers mentioned are still safe in the euro debt crisis. But a mind game of the IMF can set off alarm bells . The currency experts pontificate about a unique, ten percent special levy .
Yet it is only a mind game that reveals the ideas of the International Monetary Fund ( IMF) in its current state debt report - and what it has in mind for savers in Germany itself. The idea of ​​the IMF: In addition to the countries whose citizens themselves could also make a direct contribution to reduce the national debt in the euro area to a manageable level, all who are capable to contribute will.

A corresponding passage discovered the editorial staff of the "Welt am Sonntag " on page 49 of the current IMF report . There, the IMF experts describe in a thought experiment that the part of private assets in excess of its own debt, could be loaded once at a rate of ten percent. This could bring the debt within the monetary union of the state to 2007 levels. In relation to gross domestic product (GDP) at the time it was a healthy 66 percent - in 2012 the debt-to-GDP ratio was almost 91 percent.

Total asset growth would be destroyed
For Germany, this would mean that the national debt would be reduced by about 576 billion euros, if the debt ratio expected to be reached are 2007 levels. Between 2007 and 2012, the private fortunes of the Germans grew by 551 billion euros over five trillion euros, as figures show for the Bundesbank. Were the IMF idea to become reality, this would mean that savers would forfeit a large part of this increase again.

The IMF said on Tuesday that it was a purely theoretical thought experiment : "There is no such requirement from the IMF ," said a spokeswoman .

Thorsten Polleit, chief economist at Degussa's gold trade, expected financial assets would be destroyed by such a huge step in the euro zone. "To the sovereign debt in the euro area to 60 percent of GDP (one of the stability criteria, note) to reduce the debt by more than 3,000 billion euros, or about 30 percent of national income would be reduced - not even counting bank debt. "

"Nothing is impossible "
Since it is only an idea at the IMF model, it is unclear whether and in what amount the savers in the euro area should actually be faced with a capital levy. However polleit holds nothing is impossible. " If a tax, these could also be imposed retroactively ," the chief economist warns in an interview with FOCUS Online
Assets would then escape not help since the release anfiele on the amount of assets as they existed at a particular date in the past . The policy would not hesitate with such a long step , says Polleit . Once they have saved the credit system from collapse, they 'll be in a second step to try to reduce the excessive debt burden. " These are probably many paths trodden simultaneously or in succession."

Sourced from:
http://www.focus.de/finanzen/news/staatsverschuldung/tid-34471/sparer-sollen-bluten-irre-iwf-idee-zehn-prozent-sonderabgabe-auf-deutsche-sparguthaben_aid_1147912.html

Translated by: Gabriel Abram

Thursday, August 22, 2013

Syria: Anti-Assad Operations Commence; Jordanian, American, and Israeli Commandos Enter into Syria.



INFO LE FIGARO - According to our information, the regime's opponents, supervised by Jordanian, Israeli and American commandos have been moving towards Damascus since mid-August. This attack could explain the possible use of chemical weapons by the Syrian president.

While it is too early to rule out categorically the argument put forward by Damascus and Moscow, who blame the massacre on the Syrian opposition, it is already possible to provide answers to a troubling question. What benefit would Assad have to launch an unconventional attack at the precise moment he had allowed UN inspectors - after being stranded for several months - to investigate the use of chemical weapons?
Operational logic first. According to information obtained by Le Figaro, those first trained in guerrilla warfare by the Americans in Jordan Syrian troops entered into action since mid-August in southern Syria, in the region of Deraa. A first group of 300 men, probably supported by Israeli and Jordanian commandos, as well as men of the CIA, had crossed the border on August 17th. A second group should have joined the 19. According to military sources, the Americans, who do not want to put troops on Syrian soil, or arm rebels in part controlled by radical Islamists. The Americans have quietly been setting up a training camp for several months at the border of Jordan, training groups such as: Syrian fighters ASL, the Free Syrian Army, and other handpicked groups.

Sense of impunity

As for the summer, their protection has begun to shake Syrian battalions in the south, approaching the capital. "Their thrust would now be felt into the Ghouta, where formations of ASL were already at work, but really can make a difference on the outskirts of Damascus fortress," says David Rigoulet-Roze, a researcher at the French Institute for Strategic Analysis (IFAS).
According to this expert on the region, the idea proposed by Washington would be the possible establishment of a buffer zone from the south of Syria, or even a no-fly zone, which would bring opponents safety until the balance of power changes. This is the reason why the United States has deployed Patriot batteries and F-16's in late June in Jordan.
Recent military pressure against al-Ghouta threatens the capital Damascus, the heart of the Syrian regime. In July, the spokesman of President al-Assad had publicly stated that the regime would not use chemical weapons in Syria "except in case of external aggression." The intrusion of foreign agents in the south, for example ...
The other reason, if the army has actually committed a massacre in Damascus using chemical weapons, is more diplomatic. Since August, 2012, when Barack Obama warned that the use of chemical weapons was a "red line" that, once crossed, could trigger a military intervention, thirteen smaller chemical attacks have been identified without causing American reaction. Admittedly, the evidence is difficult to obtain, since Damascus routinely blocks the work of UN investigators. The sense of impunity felt by the Syrian regime is reinforced by the Russian protection afforded to the Security Council of the UN. Barack Obama, when he arrived at the White House, the Kremlin had proposed a "reset" of relations, not to break the link with Moscow. U.S. Chief of Staff, Martin Dempsey, the principal military adviser, justifies his opposition to intervention, even limited by the fragmentation of the Syrian opposition and the weight exerted by extremist groups.

What are the options?

If the Syrian regime is actually behind the chemical bombardment of Damascus, it will take a further degree of intervention in a conflict that has claimed more than 100,000 lives. "There is more of a small-scale test as before. Chemical weapons are now part of the war, where they play a deterrent role. This is a message to the Americans. It is also a challenge to Barack Obama, who risks losing its legitimacy with its allies in the world, "an expert analysis of the case.
Along with clandestine operations from Jordanian soil, each time the crisis is reaching a peak, the international community reconsiders the various military options. Arming the rebels? "If we do one day we will not say," said a diplomatic source. Surgical air strikes? Possible, but the solution involves risk regionalization of the conflict. Special forces to secure and neutralize chemical weapons sites? Israel hit neighboring Syria repeatedly. But Western intelligence services did not want to risk that stock of chemical weapons falling into the hands of jihadist groups. Last option: inaction. It is that which seems  Bashar al-Assad has bet on in Damascus.

Sourced from:
http://www.lefigaro.fr/international/2013/08/22/01003-20130822ARTFIG00438-syrie-l-operation-anti-assad-a-commence.php

Translated by: Gabriel Abram