Bitcoin Ranked 32nd Global Currency by Physical Money ...

Cryptocurrency News & Discussion

The official source for CryptoCurrency News, Discussion & Analysis.
[link]

Li Lihui, Former President of Bank of China: We are in a period of great opportunities for the development of blockchain technology and industrial innovation

Source: https://www.chainnews.com/articles/946394501375.htm
Source of this article: Sina Finance. This content is intended to convey more market information and does not constitute any investment advice.
Sina Finance News On November 29, 2019, the ReFinTech Financial Technology Summit was held at Beijing New World Hotel. Li Lihui, the head of the China Mutual Fund Association's blockchain team and former president of the Bank of China, attended and gave a speech. The topic of the speech was "National Strategy and Fiat Digital Currency."
Li Lihui said that digital currencies will play a central role in the global digital economy competition in the future, and it is necessary to step up research on feasible routes and implementation plans for the issuance of global digital currencies led by China. Digital finance is bound to further strengthen the globalization of finance. In the construction of the global system of digital finance, China should actively participate in and strive for the right to speak. It is necessary to strengthen international regulatory coordination, promote regulatory consensus, and establish a unified international regulatory standard for digital finance.

Blockchain technology architecture
Li Lihui pointed out that blockchain is an integrated innovation of multiple technologies and has the following four characteristics.
Chain block structure based on timestamp, it is difficult to tamper with the on-chain data; Real-time running system based on consensus algorithm, specified data can be shared; Based on self-rules of smart contracts, technical trust can be authenticated; Based on the end-to-end network of the encryption algorithm, the counterparties can choose each other.
According to different technical architectures, blockchain can be divided into 3 types.
The basic characteristics of the public blockchain architecture are: a decentralized distributed ledger that uses open read, write, and transaction permissions; a decentralized digital trust mechanism that uses consensus algorithms and encryption algorithms; and a virtual currency incentive mechanism that demonstrates work contribution and equity. .
The technical drawbacks of the public blockchain architecture are high hardware requirements and low transaction speed. If the public blockchain can break through the technical bottleneck of transaction speed and resource utilization efficiency, and achieve publicly recognized reliability, it may be able to expand the territory in social life and modern commerce.
The characteristic of the private blockchain architecture is that the distributed ledger is centralized, and the read, write, and transaction permissions must be approved by the "central" and subject to the constraints and restrictions of the "central". The digital trust mechanism of the private chain does not emphasize "going intermediary".
Private blockchain has the "centralization" feature of traditional information technology architecture, but uses blockchain technology such as distributed ledger, smart contracts, and encryption algorithms. Blockchain platforms are easy to integrate with existing information technology platforms and can establish bureaus Regional multi-dimensional interaction architecture improves data processing speed and quality.
Alliance blockchain can generally be regarded as a collection of private blockchains. It adopts a distributed, multi-center, intermediary architecture. Its basic characteristics are open-source, multi-center distributed ledger, limited license, limited authorization. Read, write, and transaction permissions, without emphasis on the digital trust mechanism of intermediaries.
Different from the traditional big center data architecture, the "central" status of the alliance chain may not be designated by the administration, but largely depends on the competitive results of technological advancement and service friendliness; "trust" can come from intermediaries and rely on tradition Credit model can also be technical trust without intermediary.
The characteristics of distributed, end-to-end, open source, and multi-center that the blockchain technology theoretically possesses are likely to restructure the technology architecture in a certain range and rebuild the business model in a certain range.
First, the distributed architecture and end-to-end network are helpful for the parallel transmission of information, the realization of information sharing, and the parallel control of control. In the scenario of many counterparties, many transaction links, long management chains, and high degree of discreteness, time-space folding And three-dimensional interactive business architecture to improve cooperation efficiency and operation efficiency.
Second, the chain block data structure, consensus mechanism, time stamp, and key technologies can help prevent tampering of the original data, control the risk of data leakage, and protect privacy and data security.
Third, smart contracts help to achieve differentiation and credibility of transaction rules, automate the execution of business processes, ensure the timeliness of transactions, avoid false transactions and repeated transactions, and reduce moral and operational risks to a certain extent.
In the field of finance, the application of the alliance's blockchain technology is likely to build a distributed ledger system in which large, medium and small financial institutions participate together, forming a technical platform for financial institutions to interconnect and interconnect, and to seamlessly link existing systems with innovative systems and realize financial The direct link between the service system and customers enables information sharing, product sharing, and service sharing to provide more efficient financial services.
The practice of blockchain technology development and application proves that in large-scale commercial applications, the alliance blockchain is most likely to become the mainstream architecture.

Central Bank Legal Digital Currency
Digital currencies with legal status, endorsement of state sovereignty, and subjects with issuance responsibility constitute legal digital currencies, or central bank digital currencies.
Central banks of many countries have long announced the launch of digital currency research and development. But regarding the basic structure of legal digital currency, countries are still demonstrating and have not yet made a choice.
The development of China's fiat digital currency lasted for 5 years, and there have recently been signs of preparation for issuance. According to the information disclosed by central bank officials, China's legal digital currency may be called DC / EP, Digital Currency / Electronic Payment, that is, digital currency and electronic payment.
First, adopt a two-tier operation delivery system to inherit the indirect issuance model. Applying digital technologies such as blockchain, fiat digital currencies can adopt the "central bank-public" direct issue model. In the direct issue model, the central bank can have the absolute power and ability to regulate the money market and can directly absorb public deposits, which will limit the initial credit capacity of commercial banks. If the indirect issuance model of the fiat currency "Central Bank-Commercial Bank-Public" is selected, it will inherit the current money market operation mechanism and monetary policy transmission mechanism.
The benefits of inheriting the current model are savings and robustness. First, it is not necessary to rebuild the financial infrastructure, which is conducive to saving investment; second, it is not necessary to restructure the currency issuance and management structure in addition to the old cloth, which is conducive to managing risks; third, it is not necessary to look forward and backward to connect different characteristics of the currency issuance model, which is conducive to stabilizing the market.
Second, adopt a parallel technical route and adhere to the central bank's central management model. Based on the judgment that "the existing blockchain technology cannot meet the high concurrent demand of the retail market in the super market", fiat digital currencies should remain technologically neutral and do not rely on a single technology. The central bank should adhere to a centralized management model to ensure the reliability of the monetary policy transmission mechanism, the efficiency of currency control, and prevent financial institutions from overspending.
Third, the "account loose coupling" method is adopted to replace the currency M0. Electronic payment tools such as WeChat Pay and Alipay use the "tight coupling of accounts" method. They need to be tied to a bank account and transfer value through the bank account. Under the real-name account management system, the need for anonymous payment cannot be realized. The fiat digital currency may adopt the method of "account loose coupling" plus electronic wallet, to achieve end-to-end value transfer from bank accounts, reduce the dependence of financial intermediaries on transaction links, and achieve controllable anonymous payments within the scope permitted by the central bank.
At present, the design of China's legal digital currency may be limited to replacing M0, that is, cash in circulation, rather than narrow money M1 and broad money M2. This depends on the judgment of the digital trends and potential market demand of China's M0, M1, and M2.
WeChat Pay and Alipay use digital technology to build mobile payment and living service platforms that use trust links as a link, breaking through the traditional payment model, and have achieved 1 billion straight-line links, ranking among the top 2 in global mobile payment platforms. WeChat Pay and Alipay dominated the retail payment market, with cash and ATM transactions significantly reduced, and bank cards became bundled account cards.
The legal digital currency in China's design can theoretically be separated from the network and from banks to perform value transfer. This is different from WeChat Pay and Alipay. But in the end, whether it can replace traditional currency forms, replace emerging electronic payment tools, and become the main currency form and main payment tool will be decided by the market: it is more convenient to use, the circulation cost is lower, and the public is willing to accept it, thereby forming an economic scale with commercial value .

Digital Economy National Strategy
The application of blockchain technology has extended to many fields such as digital finance, the Internet of Things, intelligent manufacturing, supply chain management, and digital asset trading. How to evaluate the current status of blockchain technology and industrial development? My opinion is that the underlying technology of the blockchain is not yet mature, and the technical bottlenecks of large-scale and reliable applications need to be broken. We are in the period of great opportunities for the development of blockchain technology and industrial innovation.
First, blockchain technology is still immature and bottlenecks need to be broken.
In the underlying technology, as a technology integration innovation, the basic components of the blockchain database, P2P peer-to-peer network, and cryptographic algorithms are relatively mature, but they must further meet the new requirements of integrated applications; new mechanisms such as consensus mechanisms and smart contracts Technology needs to be improved. Gartner, a technology consulting company, believes that it will take 5-10 years for blockchain technology to mature.
At present, large-scale applications of blockchain technology have not been implemented in various countries. China's blockchain technology research and development is committed to breaking through the bottleneck of large-scale reliable applications.
The first is private computing technology. Under the blockchain consensus mechanism, how to effectively shield sensitive information, improve signature technology, secure computing technology, encryption technology, trusted execution technology, etc., to ensure data security and digital link reliability.
The second is the authenticity supervision mechanism. How to ensure the authenticity and integrity of the data before the on-chain, when the blockchain technology is used to trace the source of various assets, a closed loop is truly formed to avoid information distortion and prevent speculation.
The third is smart contract technology. How to avoid technical loopholes in smart contracts, and achieve controllable business logic corrections and contract upgrades.
The fourth is key technology. Key security is the cornerstone of blockchain trust. In the unique technical structure of the private key, how to effectively prevent the private key from being stolen or deleted maliciously, and to remedy the loss and theft of the private key.
Fifth, integration of diversified technology platforms. How to optimize the multi-dimensional parallel interaction architecture to achieve efficient links between more participants; how to improve the quality and speed of data processing to achieve ultra-large-scale, high reliability, and high security requirements.
Second, implement the national strategy for the digital economy.
The attitudes and trends of developed countries on digital finance and digital economy deserve our attention.
The United States is concerned about digital financial market norms. The focus of US regulation is to regulate digital financial markets and prevent digital financial instruments from being used in illegal areas. In 2017, the U.S. Securities and Exchange Commission included ICOs under supervision, and the U.S. Commodity Futures Trading Commission approved the Chicago Options Exchange and the Chicago Mercantile Exchange to launch Bitcoin futures trading. In 2018, the United States Securities and Exchange Commission stated that the regulatory strategy for digital currencies is to use case law enforcement rather than a systematic interpretation of securities laws, and to carefully, orderly, and actively clarify regulatory principles and boundaries.
Germany and France are concerned about digital sovereignty. On October 29, 2019, Germany and France announced the "Gaia-X" project involving German and French core companies, which aims to build a secure and reliable data infrastructure for Europe. German Economy Minister Peter. Altmeyer said that this infrastructure will help us regain digital sovereignty and lay the foundation for a digital ecosystem. French Minister of Economy and Finance Bruno. Lemaire said the project will include data storage, data concentration and data sharing. German Chancellor Angela Merkel said that what worries me most is that most of the processing of industrial and consumer data is done by American companies, and a kind of dependency relationship is being formed. Merkel advocates taking a long-term view and digitizing the overall layout from as many European perspectives as possible.
We should implement the national strategy of the digital economy and maintain the security of the digital economy.
The first is to master autonomous and controllable technologies.
On the underlying technologies such as the blockchain consensus mechanism and smart contracts, China currently lacks independent property rights. Most of the application projects in China use the open source blockchain underlying platform for adaptive adjustment and development, and optimize from the number of concurrent users, throughput, response time, availability, security, etc., to meet business needs, to achieve identity authentication, privacy Protection, node management and other functions.
Extensive application of foreign open source programs may lead to technology dependence risks, and must comply with the jurisdiction and legal constraints of the place where the open source platform is registered, potentially hiding geopolitical risks. For example, the terms of use of the open source program GitHub clearly state that the use of GitHub must not violate export control or sanctions laws in the United States or other applicable jurisdictions.
We should vigorously support technological innovation and strive to master digital technology. Clarify digital technology and digital industry policies, grant tax and fee concessions to digital technology R & D enterprises and professionals, encourage digital technology R & D and application, national team plus private team, Chinese plus foreign capital, large, medium, small and micro. In the field, we have independent and controllable intellectual property rights and establish global competitive advantages in key areas of digital economy and digital finance.
The development of next-generation computing architecture should be intensified to ensure the fairness and correctness of mathematical algorithms, the privacy and reliability of data, the security of the entire process and the entire cycle of data, and the speed and efficiency of mathematical algorithms.
The second is to accelerate standardization and institutional innovation.
The International Organization for Standardization ISO has established a blockchain and distributed ledger technical committee to study 11 standards, including terminology, reference architecture, privacy and personal information protection, security risks and vulnerabilities. The International Telecommunication Union (ITU) has established a distributed ledger technology security-related problem group to study 10 standards, including security assurance, security threats, and security framework. The development of IEEE standards for the Institute of Electrical and Electronics Engineers is mainly focused on blockchain in the fields of IoT data management, digital asset management, government department applications, and cryptocurrencies.
China's blockchain financial standardization construction and institutional construction have just begun. We should pay close attention to improving the technical standards, security specifications, and certification review systems for blockchain finance. Clarify the legal definition of assets, clarify the contractual nature and effectiveness of smart contracts, and clarify the responsible subjects and their behavioral and regulatory standards in a distributed architecture.
Based on the healthy development of digital finance, China should speed up the construction of the digital financial system and step up efforts to formulate digital financial systems such as blockchain financial supervision, digital asset market supervision, digital currency supervision, and legal digital currency issuance. Make overall plans and gradually establish a digital trust mechanism.
Digital currency will occupy a core position in the future global digital economic competition. It is necessary to step up research on the feasible path and implementation plan for the issuance of China-led global digital currency. It is necessary to further explore the feasible path of China's legal digital currency, including alternative range selection, controllable anonymous scale, offline operation technology, and so on.
Digital finance is bound to further strengthen the globalization of finance. In the construction of the global system of digital finance, China should actively participate in and strive for the right to speak. It is necessary to strengthen international regulatory coordination, promote regulatory consensus, and establish a unified international regulatory standard for digital finance.
submitted by Yayowam to CryptoCurrency [link] [comments]

Saving Apps (Acorns, Stash, (the unspeakable), M1, Long Game, Blast, Qapital, Digit) NOTE: I’m Android

Hi all, I wanted to create this because I’ve seen a couple of posts lately about a couple of “savings” apps, and I happen to use all the ones listed in the title, so I thought I’d write up a little review.
First off, none of these will get you immediate money, and some can lose you money. The reason why I use all of them is because I now get paid monthly and I’m terrible with saving my money. I understand that I’m losing money in some cases and could do much better with an investment account from so and so, but for me, I like the game aspect of these. I enjoy watching futzing with my funds in each game/account. And lastly, all of them take almost 3 days to transfer back to your bank account, so I can’t immediately spend any of the money in them and I can treat each account like additional paychecks later in the month.
Okay enough about me, let’s get started.
Acorns
Concept: Every time you spend money on “X” card Acorns will automatically round up your purchase to the nearest dollar (you can also add a multiplier of x2, x3 and so on, so if you put the x2 on and spend $1.70 at the gas station, Acorns will take $0.30x2=$0.60 from “X” card and put it in your Acorns investment account (which you can change from Aggressive to Conservative).
Pros: Your Acorns account then is invested in the stock market. So when the stock market is doing well this can be better than a traditional savings account from a bank.
You can also (currently in pre-order) order a debit card, so if you wanted you could use the money on this account however you’d like.
They have also added Acorns Later, which allows you to open an IRA. I have not tried this and it’s rather new.
Cons: Your Acorns account then is invested in the stock market. Yes, this can also be a VERY big con. Look at the DOW right now…
The money isn’t immediately taken from your account and added to your Acorns account. They wait until you’ve built up $5 and then take out whatever amount you’ve accumulated past that $5 mark.
There is a $1 monthly subscription fee.
Analysis: Overall, I’m down %1.13($11.14) but, since switching to a monthly paycheck this has become my virtual piggy bank that I can crack into each month if necessary or watch grow and then transfer to a better savings account.
Referral: If you join using my link we both get $5.00: https://acorns.com/invite/MXBGDP
Non-Referral: https://play.google.com/store/apps/details?id=com.acorns.android
Stash Invest
Concept: you add your own money and then purchase “investments” which are groupings of stocks you can buy. Such as Corporate Cannabis, Aggressive Mix, Young Money, Match the Market, and so on. You can also buy portions of larger stocks such as Netflix or Amazon.
Pros: you can add money and buy packages to participate in the stock market. It’s a very nice way to start learning how it all works without having to put much money towards it (I’m pretty sure I started with $20).
Another Pro is the buying portions of larger stocks. This came in handy for me when Amazon was getting a lot of heat for leaked stories on how they treated their workers. I was able to buy $100 in Amazon stock and make near $15 dollars in less than a week.
Cons: There’s a $1 monthly subscription fee.
It’s the stock market. You never know what will happen. On some of my investments I’m up and some down.
Analysis: Overall, I am up 3.93% ($17.07) since starting this past winter, which I can’t say about Acorns. Fantastic to start to learn the stock market without feeling overwhelmed like you might with (the unspeakable).
Referral: If you use my code we both get $5.00: https://get.stashinvest.com/kyle5dxyr
Non-Referral: https://play.google.com/store/apps/details?id=com.stash.stashinvest
(the unspeakable)
Concept: Completely free stock market trading. If you want to learn the stock market and love to do your own research than this is for you.
For me, I’ve gained a ton of knowledge just in general about the stock market. Had ups and downs (never sold anything in the red yet). And have a lot left to learn.
Pros: Everything is completely free (However, the SEC and FINRA do charge a small fee for sell orders for stocks), from signing up to trading. They have very nice graphs and quarterly earnings for each company. Along with articles pertaining to the companies.
It’s a very sleek UI that’s very easy to navigate that will have you trading in a matter of seconds.
They also allow (it might be limited to select states still) cryptocurrency trading. Only a few currently (some are Ethereum, Bitcoin, and DOGE)
Cons: If you don’t know what you’re doing, you can lose a lot of money very quickly.
Analysis: Overall I’m down 5.28%($65.41) – sometimes it’s not a good thing you can buy cryptocurrency when drinking late at night.
Referral: If you join using my code we both get a free stock: https://share.(the unspeakable).com/kyleb1421
Non-Referral: https://play.google.com/store/apps/details?id=com.(the unspeakable).android
M1
Concept: You put money into your M1 account, split said money into pie parts of what you want to invest in, such as pre-assembled stock packages (like stash does), and bonds. I only started using this one a couple weeks ago because I wanted to see how it compared to Stash, and with the current major dip in the stock market its been hard to tell. I currently put in $100 and split it into 3 parts. Part 1 (50% of the pie or $100) towards Ultra Aggressive package they had for the stock market. Which is currently down 7.02%($3.51). Part 2 (40% of the pie) towards Short Term Bonds package they had. Which is currently down 0.1%($0.04). The last part (10% of the pie) I put towards Medium Term Bonds package. Which is down 0.5%($0.05).
Pros: You don’t need to know much at all about socks to invest. Very nice UI and easy to get started.
You can also apparently borrow from the app, which I have not done.
They also have a very nice research section that helps you learn about the market in general.
I’m sure there’s more but I’m too new to this app as of now.
Cons: To start you have to at least put down $100.
Referral: None.
Non-Referral: https://play.google.com/store/apps/details?id=com.m1finance.android
Long Game
Concept: You put in money into your Long Game savings account (there’s no regular APR) but every week you get coins in the game which you can then use to play games with to possibly win money.
Pros: if you have friends that also get the app and start saving money then they have bonuses on almost every Play With Friends game. This is pretty much the only way I’ve made money. I think I also made $.25 on a random slot game.
It’s more of a game, so it’s a nice break from stuff such as the stock market. They also seem to actually pay out money for their games (though it seems like maybe once a month) unlike games like Lucky Day (which I’ve been stuck at $8.00 now for half a year).
Cons: Probably the lowest profitable app of the list.
Analysis: I’m not the biggest fan of this app and have considered uninstalling it. I barely ever keep close to $100 in it, but it is fun to try the big spin once a week or so to see if you win up to $500.
Referral: Not worth it to share it, I think we’d automatically become friends. DM me if interested. We’d both get 1000 coins.
Non-Referral: https://play.google.com/store/apps/details?id=co.longgame.app
Blast
Concept: As you play games on your phone, money (so many pennies per hour that you set and you also set to which games this applies to) will be taken out of your checking account and put into a 2%APR Blast savings account. In addition, they provide missions (games within the app store) for you to download and try.
Pros: The missions that they provide you with are generally something ranging from try this game for 20 minutes for $0.25 or complete “X” in a level and receive $1.00.
They also have a weekly ranking system (1-10) which you can currently win up to $1000. I completed the missions each week for a month straight and the highest I got was rank 6 or something worth $2.50.
Creator of the app is the co-founder of Acorns, which helps bring some credibility to the app.
Cons: Payout is seeming to take forever. Started the app about a month ago and tested the payout system on last Friday. Still pending.
This is still a new app and still has some bugs.
Analysis: Super easy to use. Very high payout for the games. Actually has some rather cool, and not sketchy (cashmagnet), games (several that my girl friend still has on her phone and plays).
Overall I’ve made 56.99%(39.59)
Referral: None.
Non-Referral: https://play.google.com/store/apps/details?id=com.blast.blast
Qapital
Concept: Save money, with yourself or with others, using cool triggers.
Pros: Helps you save money using triggers, such as the one mentioned above in Acorns, or bizarre ones such as save “X” amount of money every time the space station passes overhead.
This app is rather cool if you are trying to plan something with others because you can create a savings bucket and add people too it. So if you and some friends are saving for a trip you can add everyone, everyone can choose their own triggers, and it keeps track of how much each person contributed!
Cons: The buckets I just described, anyone who’s part of said bucket can take all of the money contributed at any time. So don’t have shady friends.
There is also no APR on any of these buckets.
Referral: If you use my code we’ll each get $5.00: https://get.qapital.com/uSpFljHbWQ NOTE: if you use this I think we’ll both see each other’s first and last name.
Non-Referral: https://play.google.com/store/apps/details?id=com.qapital
Analysis: Very cool if you are working with others on a common goal. Good way to make it competitive.
Digit
Concept: Everyday a little bit is taken from your checking account and added to one or multiple Digit saving accounts.
Pros: It has a 1% APR that has the possibility of increasing every 90 days based on your Digit saving accounts. Note: I have 60 days left.
For me I love this app. I’m terrible at saving but I’m good at keeping my checking account above X amount. So as long as I’m above that X amount I just keep spending. I was surprised how quickly these accounts added up.
You can also set each Digit savings account to only take so much out of your checking each day.
Cons: You never know how much they might take each day (but it will always be under your allotted amount for each Digit savings account). They’ll also never overdraft you.
Analysis: I honestly love this concept of saving. I like to think of it as my virtual piggy bank.
Referral: If you use my code we each will get $5.00: www.digit.co/ZJR0uy5nC7?an NOTE: I think we will both see each other’s full name.
Non-Referral: https://play.google.com/store/apps/details?id=digit.android&hl=en_US
submitted by Kyleissocool to beermoney [link] [comments]

Saving Apps (Acorns, Stash, (the unspeakable), M1, Long Game, Blast, Qapital, Digit) NOTE: I’m Android

Saving Apps (Acorns, Stash, (the unspeakable), M1, Long Game, Blast, Qapital, Digit) NOTE: I’m Android
Hi all, I wanted to create this because I’ve seen a couple of posts lately about a couple of “savings” apps, and I happen to use all the ones listed in the title, so I thought I’d write up a little review.
First off, none of these will get you immediate money, and some can lose you money. The reason why I use all of them is because I now get paid monthly and I’m terrible with saving my money. I understand that I’m losing money in some cases and could do much better with an investment account from so and so, but for me, I like the game aspect of these. I enjoy watching futzing with my funds in each game/account. And lastly, all of them take almost 3 days to transfer back to your bank account, so I can’t immediately spend any of the money in them and I can treat each account like additional paychecks later in the month.
Okay enough about me, let’s get started.
Acorns
Concept: Every time you spend money on “X” card Acorns will automatically round up your purchase to the nearest dollar (you can also add a multiplier of x2, x3 and so on, so if you put the x2 on and spend $1.70 at the gas station, Acorns will take $0.30x2=$0.60 from “X” card and put it in your Acorns investment account (which you can change from Aggressive to Conservative).
Pros: Your Acorns account then is invested in the stock market. So when the stock market is doing well this can be better than a traditional savings account from a bank.
You can also (currently in pre-order) order a debit card, so if you wanted you could use the money on this account however you’d like.
They have also added Acorns Later, which allows you to open an IRA. I have not tried this and it’s rather new.
Cons: Your Acorns account then is invested in the stock market. Yes, this can also be a VERY big con. Look at the DOW right now…
The money isn’t immediately taken from your account and added to your Acorns account. They wait until you’ve built up $5 and then take out whatever amount you’ve accumulated past that $5 mark.
There is a $1 monthly subscription fee.
Analysis: Overall, I’m down %1.13($11.14) but, since switching to a monthly paycheck this has become my virtual piggy bank that I can crack into each month if necessary or watch grow and then transfer to a better savings account.
Referral: If you join using my link we both get $5.00: https://acorns.com/invite/MXBGDP
Non-Referral: https://play.google.com/store/apps/details?id=com.acorns.android
Stash Invest
Concept: you add your own money and then purchase “investments” which are groupings of stocks you can buy. Such as Corporate Cannabis, Aggressive Mix, Young Money, Match the Market, and so on. You can also buy portions of larger stocks such as Netflix or Amazon.
Pros: you can add money and buy packages to participate in the stock market. It’s a very nice way to start learning how it all works without having to put much money towards it (I’m pretty sure I started with $20).
Another Pro is the buying portions of larger stocks. This came in handy for me when Amazon was getting a lot of heat for leaked stories on how they treated their workers. I was able to buy $100 in Amazon stock and make near $15 dollars in less than a week.
Cons: There’s a $1 monthly subscription fee.
It’s the stock market. You never know what will happen. On some of my investments I’m up and some down.
Analysis: Overall, I am up 3.93% ($17.07) since starting this past winter, which I can’t say about Acorns. Fantastic to start to learn the stock market without feeling overwhelmed like you might with (the unspeakable).
Referral: If you use my code we both get $5.00: https://get.stashinvest.com/kyle5dxyr
Non-Referral: https://play.google.com/store/apps/details?id=com.stash.stashinvest
(the unspeakable)
Concept: Completely free stock market trading. If you want to learn the stock market and love to do your own research than this is for you.
For me, I’ve gained a ton of knowledge just in general about the stock market. Had ups and downs (never sold anything in the red yet). And have a lot left to learn.
Pros: Everything is completely free (However, the SEC and FINRA do charge a small fee for sell orders for stocks), from signing up to trading. They have very nice graphs and quarterly earnings for each company. Along with articles pertaining to the companies.
It’s a very sleek UI that’s very easy to navigate that will have you trading in a matter of seconds.
They also allow (it might be limited to select states still) cryptocurrency trading. Only a few currently (some are Ethereum, Bitcoin, and DOGE)
Cons: If you don’t know what you’re doing, you can lose a lot of money very quickly.
Analysis: Overall I’m down 5.28%($65.41) – sometimes it’s not a good thing you can buy cryptocurrency when drinking late at night.
Referral: If you join using my code we both get a free stock: DM me for link.
Non-Referral: DM me for link if you can't find it.
M1
Concept: You put money into your M1 account, split said money into pie parts of what you want to invest in, such as pre-assembled stock packages (like stash does), and bonds. I only started using this one a couple weeks ago because I wanted to see how it compared to Stash, and with the current major dip in the stock market its been hard to tell. I currently put in $100 and split it into 3 parts. Part 1 (50% of the pie or $100) towards Ultra Aggressive package they had for the stock market. Which is currently down 7.02%($3.51). Part 2 (40% of the pie) towards Short Term Bonds package they had. Which is currently down 0.1%($0.04). The last part (10% of the pie) I put towards Medium Term Bonds package. Which is down 0.5%($0.05).
Pros: You don’t need to know much at all about socks to invest. Very nice UI and easy to get started.
You can also apparently borrow from the app, which I have not done.
They also have a very nice research section that helps you learn about the market in general.
I’m sure there’s more but I’m too new to this app as of now.
Cons: To start you have to at least put down $100.
Referral: None.
Non-Referral: https://play.google.com/store/apps/details?id=com.m1finance.android
Long Game
Concept: You put in money into your Long Game savings account (there’s no regular APR) but every week you get coins in the game which you can then use to play games with to possibly win money.
Pros: if you have friends that also get the app and start saving money then they have bonuses on almost every Play With Friends game. This is pretty much the only way I’ve made money. I think I also made $.25 on a random slot game.
It’s more of a game, so it’s a nice break from stuff such as the stock market. They also seem to actually pay out money for their games (though it seems like maybe once a month) unlike games like Lucky Day (which I’ve been stuck at $8.00 now for half a year).
Cons: Probably the lowest profitable app of the list.
Analysis: I’m not the biggest fan of this app and have considered uninstalling it. I barely ever keep close to $100 in it, but it is fun to try the big spin once a week or so to see if you win up to $500.
Referral: Not worth it to share it, I think we’d automatically become friends. DM me if interested. We’d both get 1000 coins.
Non-Referral: https://play.google.com/store/apps/details?id=co.longgame.app
Blast
Concept: As you play games on your phone, money (so many pennies per hour that you set and you also set to which games this applies to) will be taken out of your checking account and put into a 2%APR Blast savings account. In addition, they provide missions (games within the app store) for you to download and try.
Pros: The missions that they provide you with are generally something ranging from try this game for 20 minutes for $0.25 or complete “X” in a level and receive $1.00.
They also have a weekly ranking system (1-10) which you can currently win up to $1000. I completed the missions each week for a month straight and the highest I got was rank 6 or something worth $2.50.
Creator of the app is the co-founder of Acorns, which helps bring some credibility to the app.
Cons: Payout is seeming to take forever. Started the app about a month ago and tested the payout system on last Friday. Still pending.
This is still a new app and still has some bugs.
Analysis: Super easy to use. Very high payout for the games. Actually has some rather cool, and not sketchy (cashmagnet), games (several that my girl friend still has on her phone and plays).
Overall I’ve made 56.99%(39.59)
Referral: None.
Non-Referral: https://play.google.com/store/apps/details?id=com.blast.blast
Qapital
Concept: Save money, with yourself or with others, using cool triggers.
Pros: Helps you save money using triggers, such as the one mentioned above in Acorns, or bizarre ones such as save “X” amount of money every time the space station passes overhead.
This app is rather cool if you are trying to plan something with others because you can create a savings bucket and add people too it. So if you and some friends are saving for a trip you can add everyone, everyone can choose their own triggers, and it keeps track of how much each person contributed!
Cons: The buckets I just described, anyone who’s part of said bucket can take all of the money contributed at any time. So don’t have shady friends.
There is also no APR on any of these buckets.
Referral: If you use my code we’ll each get $5.00: https://get.qapital.com/uSpFljHbWQ NOTE: if you use this I think we’ll both see each other’s first and last name.
Non-Referral: https://play.google.com/store/apps/details?id=com.qapital
Analysis: Very cool if you are working with others on a common goal. Good way to make it competitive.
Digit
Concept: Everyday a little bit is taken from your checking account and added to one or multiple Digit saving accounts.
Pros: It has a 1% APR that has the possibility of increasing every 90 days based on your Digit saving accounts. Note: I have 60 days left.
For me I love this app. I’m terrible at saving but I’m good at keeping my checking account above X amount. So as long as I’m above that X amount I just keep spending. I was surprised how quickly these accounts added up.
You can also set each Digit savings account to only take so much out of your checking each day.
Cons: You never know how much they might take each day (but it will always be under your allotted amount for each Digit savings account). They’ll also never overdraft you.
Analysis: I honestly love this concept of saving. I like to think of it as my virtual piggy bank.
Referral: If you use my code we each will get $5.00: www.digit.co/ZJR0uy5nC7?an NOTE: I think we will both see each other’s full name.
Non-Referral: https://play.google.com/store/apps/details?id=digit.android&hl=en_US
submitted by Kyleissocool to beermoney [link] [comments]

ZeroBlock launches the first real time market data and cross-platform news aggregator for Bitcoin

Many of you have already know us from our iOS app. We've recently undergone some extensive upgrades to the zeroblock network. We are now officially the first cross-platform news aggregator network. iIf your page is having trouble loading, please refresh. Your browser is connecting directly to Mt.Gox's websocket, which sometimes doesn't load properly. We are working on fixing this issue asap.
Web: www.zeroblock.com
iOS: www.mobile.zeroblock.com Overview (Thanks to MonCorpus)
Android: 2 Android developers were just brought onto the team, will take ~1-2 months
We've been working with Andrew Le, our new in house web developer the last month to create our web platform. You can check out his portfolio at http://andrewle.com/work/. Our web platform has many of the features you enjoy with the iOS platform, however we are continually working on upgrade the site to be a perfect compliment. ZeroBlock will be the only network with the capability of reaching every Bitcoin user instantly, no matter what device they are on.
We've added some new features to the mobile app:
These features are in addition to what the mobile app already offers:
submitted by zeroblock to Bitcoin [link] [comments]

ZeroBlock iOS app now has multiple currency support and color Clark Moody charts!

ZeroBlock combines Bitcoin market exchange data with an aggregated news feed to give you a platform for instantaneous access to everything that is happening in the Bitcoin market.
We've added some new features:
These features are in addition to what the app already offers:
See co-founder Dan Held interviewed in the Forbes video (I'm sure you've already watched it) here: Forbes bitcoin meetup in San Francisco.
Download our app here: ZeroBlock on the iTunes store
Donate: 1LHSr3ZnYeD6PpM7rfGNCLhBmU3o2x3oCN
submitted by zeroblock to Bitcoin [link] [comments]

If Bitcoin Is Going To $100,000 – Where Are The New Buyers? Today's Latest Cryptocurrency News and Bitcoin Stories Coming From Blockchain Industry WhatsMiner M1 Bitcoin ASIC Miner Demo In English - YouTube Digital Asset News - YouTube THIS M1 ABRAMS TANK IS NOW 1000 TIMES CAN DEFEND ITSELF FROM ROCKETS AND MISSILES

Bitcoin Diamond (BCD) Growth Predictions based on Total Worldwide Money flowing into the cryptocurrency market Now - 5.19% of M0 Money - 1 (BCD) = $0.5878 At 8% M0 Money - 1 (BCD) = $0.9065 One More Reason For Venezuela To Go Bitcoin… Using a homemade comparison, BitGo engineer Jameson Lopp showed that Bitcoin’s current market cap of $163 billion is now higher than Venezuela’s ‘M1’ currency value.. M1 specifically computes figures based on “the total quantity of currency in circulation (notes and coins) plus demand deposits denominated in the national currency, held ... Bitcoin is a digital or virtual currency (also known as "crypto currency" or "cyber currency") based on a technology named "Blockchain", which was provided by its developer as open source code. Bitcoin Against Other Global Currencies. China ranks at the top of the M1 metrics with a $7 trillion (USD-equivalent) market valuation — followed by the European Union, Japan, and the United States. According to Lopp’s metrics Bitcoin’s circulation stands at $122 billion USD. The South African rand is just below it, at $117 billion. BitGo’s lead developer Jameson Lopp ranks Bitcoin as the 32nd global currency based on M1 aggregator. Jameson Lopp, the lead developer at BitGo, a Blockchain security company, has calculated that Bitcoin would rank 32nd globally for its value in circulation.He created a clone money supply aggregator M1 Index, similar to This puts it ahead of Singapore and South Africa, and just behind ...

[index] [35782] [48356] [44496] [12536] [18766] [7305] [16745] [2132] [42152] [27239]

If Bitcoin Is Going To $100,000 – Where Are The New Buyers?

https://bitcoinexchangeguide.com/top-bitcoin-blockchain-and-crypto-news-for-today-september-22-video-recap https://bitcoinexchangeguide.com/bitcoin-blockchai... The Top cryptocurrency and digital asset news...in bite-sized pieces. Channel Is for entertainment purposes only. I’m not a financial planner, or a financial... Defense Flash News : THIS M1 ABRAMS TANK IS NOW 1000 TIMES CAN DEFEND ITSELF FROM ROCKETS AND MISSILES America's m1 Abrams tank is getting anti-missile shiel... Make Money nearly Everyday With Us, Click Here! http://www.tradelikeagenius.com Convert Your 401k To Bitcoin! Click Here - https://goo.gl/QqsFwe WhatsMiner M1 11.5Th/s Bitcoin ASIC Crypto Miner Demo Video. The Whatsminer is a competitor to the Bitmain S9. To purchase the WhatsMiner please their websit...

#