Let go of bad financial habits and choose a new home

People are influenced to give unsolicited advice to others about the easiest way to manage their finances. Even if the will makes sense, most of them are generally very generic. Based on this information, you need to be careful when assembling your money strategy, but it is important to create a specific and consistent plan.

However, you are left with an unanswered question. How to Avoid the Decline of Funds of Useless Things and Yet Manage Your Individual Finances

Situation: Many people, including you, don’t fully understand how important it is to save money in terms of their future. Figure out how to save first and then spend, not the other way around. While it is by no means greater than saving, it is not the right way to build a great savings plan.

Steps to properly manage your individual finances.

Listed here are some important tips you can consider if you want to reduce costs in the future. These techniques can help many people succeed in taking better care of their finances.

Save 20% on profits

If you are going to succeed in the near future, do the opposite of what ordinary people do. Instead of saving what’s left, save it first and then spend it. Even if you expect a reduced check than usual, make sure you save 20% on each check you receive. Make sure you save that money after you receive the money. You will learn the essential lesson and if you save money by taking good care of everything, bills first.

Saving money will help you create a healthy economic habit that will help you budget your money effectively for the rest of your life. You can be much less stressed with finances when you know you have access to the essence of an urgent situation.

Don’t Complicate Issues

Obviously the iPhone 7 is great. Your friends and co-workers have bought it, but the iPhone 6 plus is one you bought recently. While many of these new gadgets are fun and exciting, you certainly don’t need a new phone unless your old phone dies. You never have to buy it if you really don’t want an iPhone 7.

Can this new phone do something that your old model can’t do? It is essential to treat them luxuriously sometimes, rather than making sure that some of these desirable habits are not repeated repeatedly. The extra money is the best money to pay, not the 20% you save.

Money on credit

Maybe you think the charge cards in your wallet should be used and not hidden. We often start with good intentions when we only buy small things to pay for at the end of each month. $ 50 here or $ 25 there can’t hurt, and you can always pay after the month. This way of thinking allows people to get into trouble quickly, they also accumulate a lot of debt.

Using money whenever you can will help you reduce that trend. Do not use a credit card unless there is a crisis situation. Otherwise, it is possible to change it by holding a debit card, and that is a much better option!

Keep in mind that becoming a rock star in personal finance shouldn’t be difficult. It requires breaking down unwanted habits and creating healthier ones.

Crypto Signal services – choosing the best

Crypto-trading can be profitable if a trader manages to monitor the market around the clock. However, this can be difficult to do, but fortunately there are crypto signal services that can be used to provide much needed assistance in trading. They offer signals so that traders can make the right decisions by trading at the right time. With such a popular cryptocurrency trading, a number of cryptocurrency services have emerged. So how do you choose the best to offer valuable information to make your trade the most successful?

Quality of service

This is one of the most important factors that you should consider when choosing services. The trading platform should have an impressive success rate as well as offer relevant signals that will guide you through trades and market trends. Signals must also be sent promptly so that they coincide with actual market activity. Make sure they generate signals as quickly as possible; it doesn’t matter.

Reliability

Remember that you will trust them to manage your transactions, and thus you will want to choose someone you can fully rely on to make a safe choice. This means you have to choose a provider that is 100% legitimate. A vendor that tells how they generate signals is more reliable, whether they are experts in trading or automated software. In a world full of scammers, you really want to be careful who you choose to work with.

Free trial

One of the best ways to authenticate a provider is to offer a free trial of the services they offer. This applies even to encryption. A provider that offers free alerts over a period of time gives you the ability to determine the quality and reliability of the service. By trying before you invest, you get the services with complete confidence and confidence. Legitimate signals will have no problems, giving you the freedom to decide to work with them or look elsewhere if you are not happy with the results.

Prices

Even with a free trial you will probably need to sign up for services at some point. Avoid providers that offer signals for free, as they may be invalid. However, you also should not be fooled into paying huge sums for a subscription. Prices should be reasonable depending on the quality of the services you use. Do some math and do a little research to eventually make the right decisions.

Support

In addition to the fact that they can be around the clock for your help, they need to be knowledgeable in matters of digital currency exchange and the applications they offer you. Without this kind of support you will still have problems that enjoy the value that the service is designed for you.

Bitcoin and Binary Option Trading

Binary options have become increasingly popular in the last 2 years. This type of trading is intended among new traders as they do not have to buy anything, predicting whether the asset will move up or down within the specified time frame. These professions are happening in the short term (30 sec, 1 min, 5 min) but can also take a few months. If the trader misrepresents, of course, they will lose money. If the trader is right in his announcement, he will receive a payment of 80-85%, depending on the broker.

Binary options are sometimes called ‘all or nothing’ options, ‘digital options’ or ‘fixed return options’ (FROs) traded on the American Stock Exchange.

Bitcoin (BTC) it is a digital currency that is created and maintained electronically and is not controlled by anyone. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008 and released it as open source software in 2009. It is a peer-to-peer system where users can act directly without the need for intermediaries. Check network nodes and register in a book “The book uses its own unit of account, also called bitcoin. The system works without a central repository or just administrators, which the US Treasury has classified as a category. decentralized virtual currency. Bitcoin is often called the first cryptocurrency …”

Bitcoin as a currency in binary options trading

Bitcoin is now a widely used currency and is accepted by many trading platforms as a method of payment for clients ’trading deposits. There are many advantages to using Bitcoin as a currency. The first advantage “is that the cost of the transaction is the lowest of all online payment methods. This is the reason Bitcoin was first created to reduce the cost of an online transaction. There is no central authority. If you manage Bitcoin, you do not pay service fees when receiving or sending payment.” Another reason for traders to use Bitcoin as their currency is that they can trade Bitcoin itself and earn additional Bitcoins that way.

“By having all the trading transactions indicated in Bitcoin, a trader is able to protect himself from the occurrence of this cryptocurrency and at the same time earn more through the profits made in trading.”

Bitcoin as a commodity in binary options trading

With the recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms began using Bitcoin as a trading currency. so as an asset. Stock brokers see value in trading BTC flat currencies, especially against the US dollar.

There are currently 2 main types of Bitcoin binary options platforms:

  • First-generation brokers – binary options platforms that allow you to trade in Bitcoin

  • Second generation brokers – platforms that offer Bitcoin financing and Bitcoin trading

First generation brokers – Brokers that offer Bitcoin trading:

  • Coinut – Bitcoin options exchange platform only; firmly programmed and distributed on the coinut.com Linux operating system

  • BTClevels – Bitcoin binary options trading platform; with or without registration, no problem btclevels.com

  • 24 Options – One of the first brokers to start offering 24option.com as a BTC asset

Second generation brokers – Bitcoin brokers that offer financing and trading:

  • Traderush binary platform – BTC supports traderush.com deposits

  • The Nadex trading platform supports BTC financing and enables BTC trading; it offers limited risk, short-term trading, transparency and a complete regulated market for nadex.com

  • Satoshi Option trading platform – supports BTC financing and enables BTC trading; it does not require registration or personal data. Payments are instant and the service satoshioption.com can be accessed from anywhere in the world

  • BTCOracle platform – Bitcoin only platform – BTC financing and trading allows few portfolio options and full transparency btcoracle.com

  • Bitstamp platform – As above, only BTC platform – allows BTC trading and financing, but must log in bitstamp.net

  • Bitcoin Wisdom – allows you to trade with 3 digital currencies, Bitcoins, Litecoins, Altcoins and other flat currencies and log in to bitcoinwisdom.com

  • Beast Option – allows BTC financing and trading of Bitcoins and Litecoins; guarantees fairness in prices, regardless of market fluctuations beastoptions.com

When choosing a Bitcoin broker it is important to check their terms and conditions, paying special attention to whether their Bitcoin assets are stored in the “Cold Warehouse”. Bitcoins mean that they are offline and stored insurance, where they are not subject to hackers.

A guide to selling gold jewelry

If you are deprived of cash, the easiest way to get money – to sell your gold jewelry – is to get money for gold. The price of gold is rising, and buyers of gold have a lot of newspapers, the Internet, radio and television.

To get the most out of gold jewelry, you need to be very careful and follow the right channels.

How to sell gold jewelry

Start by dividing jewelry into different categories: broken, missing parts and antiques. Your next step should be the right price of your gold. It should be noted that there are many people who pretend to be professional jewelers, but this is not the case.

To be safe, you need to find reputable jewelers at your local business improvement office. If you live in the United States, you should find wonderful jewelers from the American Gems Society.

The jeweler will analyze the gold and give you the value in carats and the weight of the gold in a penny. There are several jewelers who will give you weight in troy ounces. You don’t have to agree with the cost of one jeweler – you have to get a price from at least three professionals.

In addition to getting value from a number of jewelers, you also need to determine your own gold value online. The coolest thing is that there are many online calculators to help you determine the value in seconds.

You can also calculate the cost yourself. Start by determining the percentage of gold in jewelry. Always remember that 24 carats is 100% gold; so to get the percentage of gold in jewelry, you have to divide the carat jewelry by 24.

For example, 18-carat jewelry is 75% (18 carat / 24 carat = 0.75 = 75%)

By the percentage you will be able to determine the weight of the gold. To do this, you only need to multiply the percentage you get by the fixed weight of your jewelry. For example, in an 18-carat gold ring weighing 20 grams 15 grams of gold (29 g X75 = 15 g).

To translate weight in ounces, remember that 1 g = 0.0353 ounces; therefore 15 g = 0.53 g (1 ounce / 0.0353 g).

To get the value of gold, you need to multiply the weight of the gold (in ounces) by the current price. For example 0.53 g X $ 1000 / ounce = $ 530

With all the information with you, you need to explore your sales opportunities. As mentioned above, the price of gold is rising; so it is easy to find a gold buyer. It should be noted that different buyers will accept different qualities of gold. For example, online shoppers will accept broken jewelry, but jewelry stores will only accept undamaged jewelry.

If you have broken jewelry, you should think about selling them for gold purchase or buyers of broken jewelry and keep the whole jewelry for jewelry stores.

You should reach out to different buyers and compare their prices. Generally, you should buy from a buyer by providing the best prices for your gold.

Is your password enough?

It’s a good reason for Netflix to warn users to change their passwords. When successful giants like LinkedIn, Google, eHarmony, Yahoo and others have had problems with security breaches and cracked passwords, you should seriously think about creating a stronger password. In this new era of cybercrime, no one is safe from hack attacks and potential keyloggers. Writing “wrong” or “I don’t know” as a password can be humorous for some, but they are very secure. And security is no laughing matter at all. If you think these passwords are bad, check out this list of the 10 worst and most insecure passwords on the Internet:

  1. 123456 (No. 1 for 3 consecutive years)

  2. password (# 2. 3rd year in a row)

  3. 12345

  4. 12345678

  5. football

  6. qwerty

  7. 1234567890

  8. 1234567

  9. princess

  10. 1234

Sure, there are methods to create a more secure password, but nonetheless, when it comes to massive digital breaches lately, we can do more than move away from “familiar” clichés like “qwerty123” or “loveme123456”. Six-letter passwords do not even suffer from high-quality cracking software. Here are some things to keep in mind to make your password more secure:

Length and complexity

In this fast-paced digital age, today’s computers are fast and efficient compared to the machines of a decade ago. This means that it is now much easier for a cybercriminal or hacker to work quickly with the professional or personal information of accidental victims. Millions of password leaks are being reported consistently, but so many are refusing to understand why password length and complexity are so important.

At least eight characters are considered in a password, in some circles, which is enough. But we recommend considering 16 or 20 characters or more. Easy-to-remember phrase passwords, random phrases, or song lyrics should also be done, as they should be more than enough to provide more secure security for your networks and devices.

The key is to think outside the box. Although popular articles suggest unique ideas for your password, it’s not a good idea to take them as normal. Guess your own model and only you will remember it. Hackers continue to keep up with the latest trends. They are knowledgeable about familiar patterns and will be happy to test these password tips.

Password patterns

There are many Star Wars fans in the world with a solid knowledge of the franchise and the universe. Hackers know that. They also know that “you can force yourself,” for example, is a common estimate for trying to change someone’s password.

Master Yoda would recommend using a standard mix of capital letters, symbols, and numbers. However, this practice is complex and you do not have to use the same difficult password with all your accounts. If thieves enter a password manually, you can bet they will use it in your other accounts.

In addition, a 2013 study by the Federal Defense Advanced Research Projects Agency conducted by Korelogic reported that there is a common pattern in capital letters, symbols, and number passwords used by people. The pattern goes like this: first the character is in uppercase, then 5 or 6 lowercase, then 3 numbers or the year of birth. The common mistake is to put a capital letter first, ending the password with a surprise sign, and not scattering the numbers between characters.

Our advice would be to use a multi-sentence phrase of 16 characters or more consisting of random words. For example, “correcthorsebatterystaple,” consisting of four common English words, but considered so random, that any hacking script could be tried and deciphered would require 550 inventions per second in 550 years. **

Are you typing your passwords?

The notebooks won’t cut either. Only passwords are hard, so people usually type them. Many people make mistakes when they leave notes in their wallet or drawer with their credit card passwords. While cyber thieves don’t have the technology to access your pieces of paper, your family members, roommates, co-workers, maintenance staff, and others do. And that probably goes against good business security practices.

Password management programs can help. Simple software uses a master password to store your invaluable passwords in a single sentence. Very secure and unique passwords can be built and only one password must be remembered for recovery. Programs like 1Password, Keepass, Dashlane, LastPass, Sticky Password and others can save valuable information and ultimately save time and money.

Changing the password

It should be noted that this is not exactly the most appropriate method to deal with cybernetic methods. Changing it every 2-3 months is not always the best idea, as you will need to remember all the passwords. You should change your password if there have been major security breaches on your website or service, so you should be aware of the latest news.

They are just as important as security questions. The strongest password can be corrupted due to a weak security response. The questions are usually your mother’s last name, the city where you were born, and disaster can occur if hackers have that information. All of this can be easily accessed by Facebook or other information left on social media depending on your privacy settings.

Considering things

In short, there is no empty method for creating a completely secure password. We may endeavor to enforce these passwords and protect our networks and vital information.

– Always make unique passwords “Doolittle1982!” Or with memorable combinations of words, symbols, and numbers that aren’t similar to ordinary patterns like “7LittlePiglets #”.

  • Always use passwords that are 16 characters long, complex enough but easy to remember

  • Never write your name, address or year on your password

  • Consider using a password manager

  • If you don’t live alone, don’t write passwords on sticky notes

  • Avoid using 12345 number string combinations

  • Avoid using the Top 25 worst passwords, according to SlashDot

  • * “Worst Passwords of 2016” from SplashData

  • ** TheVerge.com article “Best Practices for Passwords”

Practical tips on cryptocurrency trading

For some time now, I have been closely monitoring the work of cryptocurrencies to feel where the market is heading. The routine taught to me by my elementary school teacher – where you wake up, pray, brush your teeth and take breakfast, moved a little on waking up, praying, and then online (starting with coinmarketcap), just to know which crypto-assets are red .

The start of 2018 was not great for altcoins and relative assets. Their performance has been crippled by bankers ’frequent speculation that the crypto-bubble is about to burst. However, avid cryptocurrency followers are still “trading” and, truth be told, they are reaping.

Recently, bitcoin returned to nearly $ 5,000; Bitcoin Cash has approached $ 500, while Ethereum has found peace in $ 300. Virtually every coin came under attack from beginners who were still in the excitement stage. As of the time of writing, bitcoin is back on track and is selling it for $ 8,900. Many other cryptocurrencies have doubled since the uptrend began, and the market capitalization is $ 400 billion from the recent threshold of $ 250 billion.

If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on cryptocurrency trading

• Start modestly

You’ve heard that cryptocurrency prices are rising rapidly. You’ve also probably received the news that this upward trend may not last long. Some parasites, mostly respected bankers and economists, commonly call them rapid enrichment schemes without a stable basis.

Such news can make you rush to invest and not apply moderation. A small analysis of market trends and depreciable currencies can guarantee you a good return. Whatever you do, don’t invest all that hard-earned money in these assets.

• Understand how exchanges work

I recently saw a friend of mine posted on Facebook a feed about one of his friends who continued to trade the stock market, he had zero ideas about how it works. This is a dangerous step. Always inspect the site you are going to use, before registering or at least before you start trading. If they provide a bogus account that you can play with, take the opportunity to find out what the dashboard looks like.

• Don’t insist on trading at all

There are over 1,400 cryptocurrencies to trade, but it is impossible to deal with all of them. Spreading your portfolio to a huge number of crypts than you can effectively manage minimizes your profits. Just pick a few of them, read more about them and how to get their trading signals.

• Stay sober

Cryptocurrencies are volatile. This is their ugliness and well-being. As a trader, you need to understand that wild price fluctuations are unavoidable. Uncertainty when to take a step makes an inefficient trader. Use solid data and other research methods to be sure when making a deal.

Successful traders belong to various online forums where discussions of cryptocurrencies concerning market trends and signals are discussed. Sure, your knowledge may be enough, but you need to rely on other traders to get more relevant data.

• Significantly diversify

Virtually everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies used in the real world. There are a few bad coins you can handle to get quick money, but the best crypts you can deal with are the ones that solve existing problems. Coins used in the real world tend to be less volatile.

Don’t diversify too sooner or later. And before you take the step of buying any crypto-asset, make sure you know its market capitalization, price changes and daily trading volumes. Maintaining a healthy portfolio is a way to get the most out of these digital assets.

The 6 most common mistakes that new Bitcoin traders make

Are you thinking of getting started in the world of crypto trading? If so, make sure you avoid the most common mistakes. You will be better than most crypto traders at avoiding these mistakes. The interesting thing is that almost all traders make these mistakes without even realizing it. Without going any further, let’s look at these common mistakes. Read on to find out more.

1. Make an emotional decision

Beginners negotiate emotionally. But the thing is that trading has nothing to do with your emotions. In fact, if you make decisions based on your emotions, you will end up on the road to failure.

2. Buy high and sell low

Another common mistake that beginners make is to buy high and sell cheap. You don’t want to be greedy while you’re doing this business. All you have to do is buy low and sell high. This is the only way to trade Bitcoin profits.

3. Sell immediately

Due to the two mistakes mentioned above, beginners buy or sell Bitcoins at the same time, gradually selling them in small quantities rather than buying them. If you ask an experienced trader, they will ask you to sell 20% of the 20% Bitcoin earnings. But the problem is that they are very happy to sell to new traders. Therefore, they have no money to buy divers. Some of them sell all Bitcoins at once.

4. Buying the wrong currencies

New traders are buying cryptocurrencies that make a lot of promise using big words. But they don’t know that these currencies don’t provide technical innovation, such as Litecoin, NEO, Tron and EOS. The problem is that the block chains are relatively centralized. That’s why you want to avoid them.

5. Putting too many eggs in the basket

Due to the above mistake, beginners tend to invest in many cryptocurrencies. It’s not a good idea because it can make it harder to make a profit. Ideally, you may invest in 3 to 4 coins. In the world of cryptocurrency you can’t put all your eggs in tons of baskets.

6. Put all the eggs in a basket

Another common mistake is to put all the eggs in the same basket. Ideally, you should have a well-diversified portfolio. Other than that, you may not want to keep all your cryptocurrencies in the same wallet or exchange. All you have to do is use at least three wallets. This will help protect your investment.

Short story short, these are the most common mistakes new cryptocurrency traders make. If you follow these steps, you will be less likely to make these mistakes. As a result, your investment will be safer and you will have more chances to make a profit instead of suffering a loss. Hopefully, these tips will help you get started as a new trader and make a lot of profit.

5 tips to consider before investing in bitcoin

In 2017, bitcoins increased significantly and people made a lot of money. Even today, bitcoin is one of the most lucrative markets. If you are just a beginner, you may want to do your homework before investing in bitcoin. Below are 5 expert tips that can help you avoid some common mistakes when trading bitcoin.

1. First learn the basics

First of all, you can learn the basics so you can better understand how to buy and sell bitcoin. Alternatively, you can read reviews of popular bitcoin exchanges to find the best platform.

As with other types of financial investments, you can find ways to protect your investments. Make sure your assets are safe from scammers and cyberattacks. After all, security is the most important aspect of any type of investment.

2. Consider market capitalization

It is not good to make a decision of this type, relying only on the value of the coin. However, the value of cryptocurrency is valid only if you consider the available offer in circulation.

If you want to buy bitcoin, don’t focus too much on the existing value of the currency. Instead, you can take into account the aggregate market capitalization.

3. Invest in Bitcion instead of bitcoin mining

Bitcoin mining is rapidly increasing in popularity. At first, earning bitcoin by hacking cryptographic puzzles was not that difficult. Later, bitcoin could be mined only in special data centers.

These centers are full of machines designed for bitcoin mining. Today, if you want to build a home mining center, you may have to spend millions. Therefore, it is better to invest in bitcoin.

4. Diversify your investments

New investors in bitcoin tend to experience a short-term fascination with cryptocurrency. As a matter of fact, with bitcoin you can diversify your investment risk. If you invest wisely in cryptocurrency, you can reap the same benefits as you by investing in Forex. All you need to do is develop a robust risk management strategy.

In other words, you may not want to put all your eggs in one basket. This way, you can invest in other cryptocurrencies as well.

5. Set clear goals

Because bitcoin is a new market, it can be difficult for you to know the right time to trade your bitcoins. The value of bitcoin is volatile, which means you need to have clear targets in terms of profits and losses.

You may not want to make mistakes when making investment decisions based on your emotions. Taking smart steps can help you minimize losses and make good progress.

In short, if you are going to invest in bitcoin, we suggest you follow the advice given in this article. This will help you make smart decisions and be safe at the same time. Just make sure you avoid common mistakes when running this business.

The importance of cryptocurrency as a means of financial operations

Today, the global economy is moving towards the entire digital ecosystem, so everything from money transfer to investment goes undocumented. And cryptocurrency is the newest and fastest add-on in the field of digital payment. Cryptocurrency is an exchange medium like ordinary currencies like USD, but it is mainly designed for exchanging digital information. And here are some of the reasons why cryptocurrency is so popular in the recent past.

  1. Asset transfers: Financial analysts often define cryptocurrency as a method that can be used to execute contracts of both parties at a certain level and to execute on goods such as real estate and automobiles. It is also used to facilitate some specialized transfer methods in the cryptocurrency ecosystem.
  2. Transactions: In the usual business methods, legal representatives, agents and brokers can also add high costs and sufficient complications to a direct transaction. In addition, brokerage fees, commissions, formalities and other special conditions may also apply. On the other hand, cryptocurrency transactions are individual issues, especially those that occur in some network parity structures. This gets more clarity when setting up audit tracks, greater responsibility, and less confusion when making payments.
  3. Transaction fees: Transaction commissions often take enough bite out of a person’s assets, especially if the person makes economic transactions on a monthly basis. Data miners mainly obtain compensation from the network involved in the same way that they make small numbers that generate different types of cryptocurrencies, and therefore transaction rates are never applied. However, you may be required to pay a certain amount of external fees to maintain a cryptocurrency wallet for hiring third-party management services.
  4. More confidential transaction method: Depending on the credit / debit system, the entire transaction history can become a reference document for the credit agency or bank involved each time you make a transaction. At the simplest level, you may want to check your account balances to make sure the right funds are available. But in the case of cryptocurrency, each transaction between the two parties is considered a single exchange in which the terms can be agreed and negotiated. Moreover, here the exchange of information is done by “push”, and the recipient can send exactly what he likes to the recipient. This thing fully protects the privacy of your financial history, as well as the threat of identity or account theft.
  5. Easier trading system worldwide: Although cryptocurrencies are mostly recognized as legal tender at the national level, they are not subject to interest rates, exchange rates, transaction costs, or any other rate set by a particular country. And using a method similar to blockchain technology, transactions and cross-border transactions can be done without any difficulty.
  6. Greater access to credit: The Internet and digital data transfer are media that facilitate cryptocurrency exchanges. Therefore, these services are available to people with knowledge of cryptocurrency networks, have a feasible data connection and immediate actions for the respective portals and websites. The cryptocurrency ecosystem is able to make transaction processing and asset transfer available to all available people, once the necessary infrastructure is in place.
  7. Strong security: Once the transfer of the cryptocurrency is authorized, it cannot be reversed in the same way as the “charge” transactions of different credit card companies. It can be a hedge against fraud that requires you to make particular agreements about refunds or returns made in the transaction between the return policy of the seller and the buyer.
  8. Suitability: There are 1200 types of altcoins or cryptocurrencies in the world today. Some of them are transient, but the right proportion is used for specific cases, for cases that represent the flexibility of this phenomenon.

Blockchain: open source money

“Blockchains are just distributed transaction processing engines. The technology allows you to store data in a variety of places while tracking the relationship between different parts of that data. Most people who try to explain blockchains like to compare them to a book. A transaction such as a currency change or addition new device to the network, it is recorded in a chain, and anyone can track what happened. That’s why law enforcement is so fond of Bitcoin – digital footprints are easy to trace. Fortune Technology, Stacey Higginbotham, May 29, 2015

What if we lived in a world where global access to money was available to everyone? Money can bring the globe closer to the speed of digital technology as a decentralized and cooperative peer-to-peer process – a top-down banking system is not needed. Trust relationships occur automatically through digitally signed transactions without permission, destroying the inevitability of poverty. Will this be a huge step for humanity?

Such is the utopian dream of technology developers. The next generation of computer networks is preparing to surround the world for the greater good. Welcome to the supposed blockchain (financial) transformation of the world.

Ignore it at your own risk.

My article for May 2016, Power behind the throne, discusses the mostly imperfect but steady progress towards a cashless society using blockchain technology, and has thoughts on who actually wins. This could end in a giant leap for the banking industry, which will gain omnipotent control over our financial operations. Article by Bloomberg, Inside a secret meeting where Wall Street checked digital money, May 2, 2016, representatives of Nasdaq, Citigroup Inc., Visa Inc., Fidelity, Fiserv Inc., Pfizer Inc. attended. and others.

Enter 2017 and a documentary that is created for inspiration and admiration: The Blockchain and Us. Some say 2017 will be the year when this technology enters the mainstream; others say it’s just too risky.

The feature film presents “leaders” from around the world praising the value of open source money, grassroots and cultural bottom-up game changes initiated by bitcoins in 2008. Blockchain technology and its potential impact are comparable to how the introduction of the aircraft has changed society; It is said that the structure of the financial services industry in 20 years is 100% transformed into digital. It is also expected that blockchain technology:

  • Affect each industry as a “valuable” platform with military-level cryptology

  • Create a generational change in technology, an opportunity capable of “bringing people out of poverty”

  • Post what they called “smart” contracts

  • Make a profound shift in how the Internet can be used to create new forms of value and new ways to deal with value

  • Create new jobs through automation

Here you are … Blockchain and us. However, people like me cannot see commensurate personal gain. Give the meager financial privacy left to us to the Goliath banking industry? It seems to me we may have no choice, since “little” people seem to be a unit of income, just for travel.

However, using cash and paying as you go has obvious and perhaps less obvious benefits:

  • Choice

  • Confidentiality of transactions

  • No bank interest (overdraft, credit cards, loans, lines of credit, etc.)

  • Possible 5% discount on request

  • The fiscal responsibility that the use of credit has destroyed

  • Restraining the instant gratification of thinking is easy to encourage

  • More personal time, if you keep up with debt, means working harder / faster

I think life in the material world makes it easy to forget that the full definition of wealth involves more than just accumulation. The intangible riches of personal well-being and peace of mind are priceless until they are overlooked and underestimated. Instead of a utopian dream, imagine: we no longer make unnecessary purchases, with money we don’t have to impress people who don’t really care about us. If more people made a habit of using cash, we could strengthen our own money management skills towards creating real wealth, as well as send a message to those who own gold.