Category Archives: blogging

ARK Altcoin purchase the first plunge for 2018.

ARK Altcoin purchase the first step for our 2018 Strategy.

ARK Altcoin purchase is my first step for 2018, as I use  the first six months of 2018 to acquire some high quality ‘proof of stake’ (PoS) altcoins that will increase in value and pay a passive income in the process.

What is ARK?

ARK is delegated proof of stake coin with an amazing vision and great potential.

ARK is number 50 in terms of market capitilisation and has been at or just above $10AUD for a while, so is a credible cryptocurrency, definitely not a shitcoin. Therefore ARK clears our first hurdle of not being a speculative currency, simply based on hype.

In their own words ARK says, “We aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need.”

So ARK is essentially an all in one blockchain solution, which has resulted in it being engaged in a number of projects.

Bridging the various blockchain is a the overarching ARK Altcoin purchaseproject for ARK. This involves ‘smart bridging’ to bring together various types of cryptocurrencies.  The end goal is an interconnected ecosystem, a web of blockchains. This is a bold vision to connect the blockchains of every single cryptocurrency in existence.

The ability to connect ‘every coin of every currency’  is a big big prospect, but the vision is a grand one which has strong support. The apps produced within any blockchain will have the potential to reach a greater audience.

ARK also has a hyper media protocol platform (hpp) platform that is aimed at allowing you to host large media on the blockchain. The potential here is to revolutionise how we store and view videos, providing the potential to challenge YouTube and similar services.

We can see that ARK is completely consumer focussed. Focusing on the consumer base is so important at a time when so many cryptocurrencies are dealing exclusively with enterprises.

So ARK are doing many things. Some see this as a negative. The way I look at it, if ARK only succeed in some of their projects it will but them way ahead of the field.

Check out ARK’s projects and monitor their progress on the road map on their excellent website.

It is very fast and in terms of scalability you simply cannot go past it. The blazing fast transaction time of ARK earns a very big tick from me. Faster than Ripple and others, ARK’s speed is a considerable advantage for ARK as well as users and consumers.

In terms of Governance, ARK again leads the way. ARK operates on forging that is facilitated by decentralise proof of stake system.

ARK Altcoin purchase 2018 also followed a good look at their team. The team ARK have assembled is experienced and gies one great confidence.  François-Xavier Thoorens, formerly of Lisk heads up this talented team.

Awesome is the best way to describe the ARK Desktop Wallet. It has been built for all major Operating Systems. Our full HD wallet meets the top security standards in the industry and supports the Ledger Nano S secure hardware wallet. ARK wallets connect to fully synced network peers removing the need to download the full blockchain. With the ARK wallet you are up and running as soon as it’s installed, no more syncing! And, with 8 second block times you can actually see your transactions occur in real time! No more checking in every 30 minutes to see if your transactions were confirmed.

They have a good team and a good project and they have things that can really make a difference in the world.

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ARK , Steemit , Wallets

This is my opinion based on my research. I am not a financial adviser and always encourage people to do their own independent research before investing.

Altcoin Strategy 2018 and working together for prosperity

Altcoin Strategy 2018

Altcoin Strategy 2018 is about working together in the cryptocurrency sector and navigating this exciting but sometimes complex world. For many of us, a big part of cryptocurrency is about ‘working together’ and being part of a community, so feedback is always welcomed.

At a policy level, for me it is about taking control of our use of money out of the hands of the government, central banks and big financial corporations. It is a battle to put control of money in the hands of everyday people, after all, it is your money!

Altcoin Strategy 2018 – My Strategy for the small investor

Altcoin Strategy 2018 is about me sharing what a low-Altcoin Strategy 2018 income investor can do to be a part of and benefit from the biggest economic transition we will see in our lifetime.

My strategy involves using the first six months of 2018 to acquire some high quality ‘proof of stake’ of PoS altcoins that will increase in value and pay you a passive income in the process.

Staking is the “mining” of PoS coins. You can find some basic info here: https://en.wikipedia.org/wiki/Proof-of-stake

Staking occurs with storing your coins in a wallet, most often the core wallet you download from the specific alcoin website. If your coins reached “maturity” (coin age=whatever days) you can start staking by opening your wallet and unlocking it for staking. Then your wallet start competing with other wallets for signing the next block. After signing a block you will get a reward -depending on the given coin that used to be a few percent of your staked coins- and your coins age will be zeroed out. Various #altcoins do this in various ways, so be sure you follow the instructions that go with the altcoin you have purchased.

The first coin I will be acquiring as part of this strategy is ARK.

I will write more about ARK and ‘proof of stake’ next week.

Go well and may your God go with you.

This is my opinion based on my research. I am not a financial adviser and always encourage people to do their own independent research before investing.

Climate Change video – Keeping Cairns above water!

Climate Change video – Keeping Cairns above water!

Climate Change video filmed out on the Cairns Esplanade today. Contemplating that sad place we have arrived at as a result of inaction on climate change.


Inaction on climate change will see most of the Cairns CBD underwater by 2050.

Failure to act by successive Australian Governments and of course the Trump Administration in the US mean there are now only two possible outcomes a) bad and b) catastrophically bad.

We must all do what we can to avoid severely catastrophic climate change, by acting at an individual level and electing leaders who will not sell out future generations.
Despair is natural, but apathy is our biggest threat.

Climate Change video - Keeping Cairns above water!
OLYMPUS DIGITAL CAMERA

It would be great to catch up on 31st January at 9:15am near the Pirate Ship playground to monitor our next King Tide.

Is Bitcoin Political? It’s the Currency Stupid!

Is Bitcoin Political? What will Bitcoin do to the establishment?

People have told me they were surprised I left the world of politics for cryptocurrency – the truth is I am fighting exactly the same battle and it is political. It is a battle against the political corporate elite, in support of a form of currency that will benefit ‘we the people’.

Is bitcoin political? Understand this is a battle against the control of the means of exchange by government, central banks and big financial corporations. It is a battle to take money out of the hands of the powerful and put it in the hands of everyday people.Is Bitcoin Political? What will Bitcoin do to the establishment?

The establishment want people to use fiat currency (eg. $AUD, $USA), because they control it. It perpetuates the wealth and privilege of central bankers,  financial corporations and those in power.

However, does this system serve we the people? I do not believe it does and I am genuinely surprised at people’s faith in fiat currency in general.

It is a knowledge of history and politics that makes me reluctant to trust fiat currency.

I remember well reading about the utterly disastrous effects of hyperinflation on German society in the early 1920’s. By September 1923, as the hyperinflation crisis neared its worst, Germans needed enormous amounts of paper money to buy even the most basic items. It was not uncommon to see shoppers hauling buckets, bags, even wheelbarrows full of banknotes. ‘

One Munich woman dragged a suitcase of banknotes to her local grocery store; she left it outside briefly, where someone stole the suitcase – after emptying the money onto the street. Children used worthless banknotes as toys; their mothers used them to light stoves and boilers, even as wallpaper. Many Germans abandoned money altogether and had no alternative to returning to bartering as a means of obtaining what they needed.

Is Bitcoin Political? It’s the Currency Stupid! Germany experiencing hyperinflation in the 1920s.

There have been many more failures of fiat currency than can be recounted here, most notably in South America and Africa. There is the often told tale of the Zimbabwe worker who needed a wheelbarrow to collect his salary. Asked if he was worried his money might be stolen he replied ‘no, as long as they do not steal my wheelbarrow”.

Greece is one of a number of modern European countries to experience a sovereign-debt crises. The social effects of the austerity measures imposed on the Greek population have been severe, as they have been on the country’s poor foreign immigrants, with some Greek citizens turning to NGOs for healthcare treatment and having to give up children for adoption.

The suicide rate in Greece used to be the lowest in Europe, but by March 2012 it had increased by 40%; Dimitris Christoulas, a 77-year-old pensioner, shot himself outside the Greek parliament in 2012 because the austerity measures had he said, “annihilated all traces for my survival”. Patients with chronic conditions attending treatment at state hospitals in Athens are told to bring their own prescription drugs.

Is Bitcoin Political? It’s the Currency Stupid!

For me it was the Global Financial Crises (GFC) that dissolved the remaining faith I had in our monetary system. The very bankers and financiers that created the crises through their rampant greed, were not thrown in to jail (as some suggested) but bailed out with taxpayer funds!

However, let us assume, despite everything, you have faith in Government, central bankers and Wall Street. If this is the case you are probably in a position of privileged, unlike billions of the worlds population who have no access to the banking system.  Often people  whose governments are unquestionably corrupt? Surely those people, including people without the identity papers or a credit record, through no fault of their own, have the right to a reliable currency? Bitcoin and cryptocurrency fills that need, and is surely a currency for the masses.

What will Bitcoin do to the establishment? It will take away their control and deliver a system of exchange that is global, open, border-less and egalitarian.

Is Bitcoin Political? The use of it sure is. After all, its the currency stupid!For an articulate and entertaining assessment of how populist right-wing governments engage in currency wars to the detriment of the people, check out this video by Andreas Antonopoulos. He also outlines the opportunity to opt out of nationalistic game playing  through bitcoin and cryptocurrency.

How often should I post to a blog?

How often should I post to a blog? Sure, I could post 3 times a day, but what quality will those posts be?

Would I be better placed spending more time on my contributions and posting once per day?

I am leaning towards spending more time on each post to enhance the quality, but part of me thinks posting a funny picture of a cat will drive just as much, if not more traffic.

What do you think?

What is Steemit?

The rise in cryptocurrencies has really got me thinking, “Is it possible to earn a full time passive income from cryptocurrency?” I have come to the conclusion that you can do this, by working across a number of currencies and platforms and one of these is Steemit! What is Steemit?

Steemit is a blogging and social networking website on top of the Steem blockchain database. The Steem blockchain produces STEEM Steemit Bloggingand Steem Dollars which are tradeable tokens users obtain for posting. Steem is on the rise and are constantly growing from posting quality content.
It is possible to make $100 dollars a week from steemit and there are already people exceeding this!

The Steemit referral-program allows you to use you’re a personal referral link to sign-up new Steemit-members, so that you get tagged as referrer. You can do this by sharing your personalised affiliate link to your blog or sharing articles online. For example:

1. My personalized link to refer people would be: https://steemit.com/@robpyne?r=robpyne

and

2. A Steemit blog article (regarding advice on entering the cryptocurrency market) can be seen at https://steemit.com/bitcoin/@robpyne/the-best-advice-i-can-give-is-open-a-wallet-now


It´s really simple to sign-up new members with this system and it is really unique.

All the best with Steemit and I hope you generate heaps of Steem for your wallet. Once you get seriously involved you will need to understand the three Steemit Currency units (briefly explained below).

Three Steemit Currency units

What is Steemit? has been answered, but what are the three currency units. The three units are Steem, Steem Power, and Steem Dollars.

Steem:
Steem are units that are bought and sold for actual money on the open markets. You can trade them as you would bitcoins or a company’s stock.

But you don’t want to hold on to these for too long because more Steem Units are created every single day. If you hold onto Steem Units for a long time, they will become diluted and lose value.

Steem Power:
Owning Steem Power Units is essentially like making a long term investment in the currency because you can’t sell Steem Power Units for 2 years. But there are a lot of good reasons to have Steem Power.

By keeping your currency as Steem Power Units, you will be able to make considerably more money in the long run because you essentially have ownership in the network. As the network grows, so will your piece of the pie.

And you’ll be heavily rewarded along the way. The way things are set up now, 90% of the new Steem Currency that is generated every single day is distributed to the people who already hold Steem Power Units in the form of additional Steem Units. (The other 10% goes to content creators and curators).

Half of the pay you receive for your content will be in Steem Power Units.

Also, the more Steem Power Units you have, the more your curation vote will count. You will have more influence on the site and you will also get paid more for upvoting other people’s work. (When you upvote someone’s work, they will get paid more as well.)

Steem Power Units also play one final and very important role. They prevent massive price swings and volatility on the open markets. Because everyone is locked in for 2 years, we can’t all sell our currency all at once if the market starts to dip, which would crash the price were it to happen.

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What is steemit?