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Making Bitcoin Fun: Meet a HODL-themed BTC Board Game

Bitcoin Turned into a Board Game

The Game of Life? Monopoly? Forget them. Meet a Bitcoin-themed board game that has been dubbed “Hodler of Last Resort”.

Being created by a Bitcoiner on Twitter named Pedro, this board game is intended to be a way for friends and family to learn about BTC, its value, and how it all works in a fun package.

A board game, what more could you ask for?

In a four-part thread, Pedro boiled down his mission with the game as follows:

It aims at creating a playful way for being presented with some novel concepts that Bitcoin proposes while forcing some technical understanding via the game’s mechanics.

For something as nebulous as a digital currency that isn’t related to any government or corporation, education is important.

And, while Hodler of Last Resort may not seem educational at first glance, it sure is. From a brief glance of the graphics that Pedro published, this writer found a number of concepts and technical terms detailed that all investors of Bitcoin should know about. These include nodes, Segregated Witness (SegWit), ICOs — ICOs scams to be particular, BitConnect, the Lightning Network, the infamous Mt.Gox hack, and economic concepts that accentuate the need for Bitcoin — Quantitative Easing and negative interest rates.

So how exactly does it work? (Image below courtesy of Pedro).

Well, to put it simply, it is pretty much a “Bitcoinified” version of Monopoly, the famous board game. If you were to disregard the crypto-themed ‘properties’ and ‘cards’, the seeming only visible difference between Pedro’s creation and the age-old board game would be the fact that the “money” is being accounted for on a spreadsheet that comes with the game, not physically.

Each play represents 52,500 blocks mined, meaning one year in Bitcoin time. Every four plays, the block reward reduction hits, meaning that as time goes on, players earn less BTC. To win, the player needs to collect all the Bitcoin available on the playing field.

Right now, the full details of the game aren’t available, as Pedro is presumably still bringing the game to market.

But, the idea and intention are there.

(Just an aside, this is not a paid product placement or anything of that sort)

Making BTC Digestible

Pedro’s to-be-launched game joins a number of other fun resources and products that could help Bitcoin investors and others involved in the industry teach their family, friends, or even co-workers about the importance of BTC. The idea is that this revolution in finance, in society even, should be as digestible as possible, to as many people as possible.

Another one of these educational resources is “Bitcoin Money: A Tale of Bitville Discovering Good Money” , a book penned by The Bitcoin Rabbi. The book, focused on a young audience, brings readers through the differences between “good money” and “bad money”, and explains the importance of BTC.

Photo by Erik Mclean on Unsplash

The post Making Bitcoin Fun: Meet a HODL-themed BTC Board Game appeared first on Ethereum World News.

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Crypto Teen Millionaire Spells Out Bitcoin’s Problems That Needs Resolving Or it Will Die

Despite Bitcoin being the oldest, most well established, and functional cryptocurrency around, there is no doubting that there are some issues that need resolving. Those issues have been placed under the magnifying glass in more recent times with the emergence of other cryptocurrencies that are looking at being better than Bitcoin.

Teenage Bitcoin millionaire Erik Finman has said that the major cryptocurrency needs to resolve some of this issues surrounding it or else it will die. He has pinpointed four issues which he believes need to be fixes, and they range from its complexity with regards to use, high transaction fees, slow processing speeds and in-fighting among development teams.

Long term dead

Despite making his fortunes off some savvy and early investing in Bitcoin, Finman said in December last year that he believes that Bitcoin is “Long Term Dead”, but added that cryptocurrencies in general are here to stay.

His four issues that need clearing up for Bitcoin to continue being viable and for it not to die are:

“1. Solve Speeds

2. Solve Transaction Fees

3. For the ppl working on the above to stop being cultish

4. Have an EASY on ramp for new users —this is the biggest problem,” he tweeted.

None of these assertion are ground breaking, and they are mostly easy to agree with as the Bitcoin blockchain is susceptible to a number of issues which include its performance, but also its community.

Still hodling

Finman, now approaching 20, made his cryptocurrency fortunes when he was 12. This was after being gifted $1,000 by his grandmother which he invested in the low priced and emerging cryptocurrency.

Over the years Finman has been trading cryptocurrencies managing to grow his holdings to a reported BTC. At the current prices, this hoard is worth about $3.6 million, and despite his thoughts, he is still holding onto them.

His reason for this is that he believes that the cryptocurrency will still have a few more big up and down runs which will allow him, and other smart traders, to make a lot of money – he predicts about two or three more Bull runs.

A commentary

Finman is right in two regards, that Bitcoin needs to sort out some of its deep seated issues, and that it is a good idea to buy, own, and hold Bitcoin currently. Fixing Bitcoin’s issues would allow the coin to become a better currency and to knock off any emerging competition, and to keep holding and buying it now proves it is nothing more than a traders tool as it stands and has not got a long term future.

The post Crypto Teen Millionaire Spells Out Bitcoin’s Problems That Needs Resolving Or it Will Die appeared first on Ethereum World News.

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Hodl, IMF Now Declaring War on Cash After Negative Interest Rate Proposals

IMF Bitcoin

Cryptocurrency enthusiasts should hodl their coin reserves as the IMF declares war on cash following negative interest rate proposals. If anything, this is the best time for people to turn to cryptocurrencies to help preserve their wealth.

Time To Hodl Your Cryptocurrencies

For people who are already in cryptocurrencies, this is the best time to preserve wealth in digital currencies, not fiat if reports from Weiss Ratings is anything to go by. Meanwhile, no-coiners should be urged to ramp up, even if it means owning a percentage of a coin simply because saving is no longer a safe, more so if we draw events from devastated Venezuela.

According Weiss, the International Monetary Fund did declare war on cash following proposals to implement negative interest rates. In their tweet, Weiss Ratings says:

“The #IMF is the latest financial institution to declare war on cash. If they succeed, your fiat savings will go up in a puff of zero interest rate policies. This is why #crypto. #thisIsWhyWeHODL”

Negative interest functions in such a way central banks reduce interest rates with the aim of boosting economic growth. This move could see central banks reduce interest rates to negative figures. Undoubtedly, it implies that people would lose money through inflation as the government resort to stimulus in order to spur consumption and investment in an otherwise frail economy. By printing more to increase lending, boost demand, and stimulate the economy, the idea is to get people to spend instead of saving as this would help boost economies by decreasing interest rates but at the expense of high inflation.

Read: Ripple Co-Founder joining IMF Panel to Discuss Latest Financial Tech Innovations

The IMF, in a blog post earlier this year, suggests that one way to make negative interest rate work is to phase out cash. However, this effort could be arduous as paper money continues to be an integral part of payment processes in most countries.

Cash And Digital Currencies Could Work Together

The proposal by the IMF is for central banks to split their monetary base into two local currencies, cash and digital currencies (e-money). The digital currencies would be issued electronically and would have the policy rate of interest. Meanwhile, the paper cash would have an exchange rate against the digital currency.

There have been interest from some central banks across the world in developing digital currencies known as CBDC. The Central Bank Issued Digital Currencies (CBDC) would not work like cryptocurrencies. Instead, they would work like regular fiat currencies since they would be in the control of the central banks.

Reports over the past few months suggest that Sweden’s central bank is currently working on developing e-krona, the digital version of its local currency, the Krona. There are other countries that are exploiting similar moves, but no one has put together one yet.

Also Read: Why Ripple (XRP) Fits The Bill Of What The IMF Would Recommend To Global Central Banks

Regardless, saving your funds in cryptocurrencies seems like the best move at the moment. After all, the primary goal of Bitcoin was to take away financial control from the government and hand it over to the people. Specifically, Satoshi wants to avoid the calamities that took place following the 2008 global financial crisis.

If the negative interest rate gets a nod and countries follow the IMF lead, then it would significantly affect a large swathe of world’s population already struggling with hyperinflation or deflation. Therefore, to protect your funds from bank negative rate charges, resorting to cryptocurrencies is no brainer. Encouragingly, indicators show that Bitcoin and other cryptos are gradually gaining traction, becoming an excellent store of value as data from Venezuela and Iran shows.

The post Hodl, IMF Now Declaring War on Cash After Negative Interest Rate Proposals appeared first on Ethereum World News.

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Crypto 2018 Was a Tale Told By An Idiot – But It Doesn’t Have to Signify Nothing

James Greaves is the co-founder of Glyph, an identity service built for the blockchain era. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  I’m completely out of crypto and I’ve been selling my bitcoin and ether all year. Does that disgust you? Disappoint you? If you just met me, I’m guessing […]

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CNBC Draws Flak For Upcoming “Bitcoin: Boom or Bust” Documentary

CNBC ‘Embraces’ Crypto With Fully-Fledged Documentary

CNBC has quickly become near-infamous in the cryptocurrency community for its controversial coverage of this asset class. And while the mainstream media outlet’s coverage of crypto has been criticized time and time again, it seems that the firm’s higher-ups aren’t fazed, recently revealing that CNBC would be airing a Bitcoin-centric documentary.

On Saturday afternoon, the American CNBC news outlet announced that it would be airing a documentary that would “explore the world of bitcoin.” In a press release issued a few days earlier, CNBC wrote the following regarding the description of the documentary:

This documentary is an eye-opening journey that proves to be as informative as it is entertaining and unexpected. Lee offers viewers a rare look inside the wild world of bitcoin, uncovering the unusual landscape and cast of characters surrounding it, and ultimately, allowing viewers to take their own side in the crypto craze.

Along with the reveal of the documentary’s name — “Bitcoin: Boom or Bust” — the firm also unveiled a 90-second trailer, which was likely aimed at getting users interested for the Monday, August 27th air date. Instead of building hype, however, the release of this announcement has seemingly backfired, with crypto enthusiasts, personalities, analysts and investors coming out en-masse to pick apart the short, yet contentious trailer.

Firstly, users came out to berate the outlet for its use of “HODL,” a term that has been immortalized in the heart of the cryptocurrency community. In the trailer, CNBC host Mellisa Lee, draws attention to HODL, noting that it is a popular acronym for “hold on for dear life.”

As Ricardo Spagni, a foremost Monero developer, points out, HODL is not an acronym, but rather an insignificant, yet hilarious typo that gained a cult following in the crypto community following late-2013. Spagni, poking fun at the outlet’s use of the term, wrote:

It’s not an acronym, you incompetent buffoons. Please do the tiniest bit of research FIRST!

Last but not least, the documentary’s focus on a Bitcoin diehard, dubbed “Crypto Kid,” who seems to be set on portraying his somewhat over-the-top character, instead of providing viewers with an informative look into Bitcoin and related topics. Bitcoin millionaire Crypto Kid, whose legal name is Justin, is such a diehard that he apparently sold a majority of his worldly possessions for crypto, and now lives in a treehouse as an expression of his “frugal” lifestyle.

While there isn’t anything inherently wrong with “Crypto Kid,” many critics stipulated that a focus on a more relateable cryptocurrency enthusiast would have been a better choice for viewers.

Twitter user Hector Hernandez proposed for CNBC to interview industry leaders, like Andreas Antonopoulos or Nick Szabo, as he speculated that the outlet was trying to “ridicule the crypto movement.”

Anyhow, keeping the trailer (and the subsequent response of cryptocurrency investors) in mind, it would be no surprise if Monday’s full release of the documentary will result in an even harsher round of backlash for CNBC.

Photo by Andre Francois on Unsplash
Girl in a jacket

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Here Is A List of 22 Fiat Currencies XRP is Paired With in the Numerous Global Crypto Exchanges

The XRP Community is forever enthusiastic about the progress their favorite digital asset has made over the years. The community constantly updates the crypto-verse on new developments with regards to XRP and the Ripple company. One such update, is the number of over 20 fiat pairings XRP has achieved in the numerous global exchanges. The exact tweet that led to this discovery can be found below.

So which fiat currencies is XRP paired with and in which exchanges

The following is the list of fiat currencies XRP is paired with:

  1. United States Dollar (USD) – on the 17 exchanges of: xBTCe, Sitemkoin, Exmo, CoinField, BitPay, alfacashier.com, blockbid.io, Bitfinex, BitFlip, Bitsane, Bitstamp, CEX.io, Exrates, Gatehub, Kraken, Mr.Exchange, Quoine,
  2. Canadian Dollar (CAD) – on the 2 exchanges of CoinField and Kraken
  3. Japanese Yen (JPY) – the 5 exchanges of Blockbid.io, Bitbank, Kraken, Mr. Exchange and Quoine
  4. Euro (EUR) – on the 12 exchanges of BitPay, alfacashier.com, blockbid.io, BitFlip, Bitsane, Bitstamp, CEX.io, Gatehub, Kraken, LiteBit.eu, Quoine and the Rock Trading
  5. South Korean Won (KRW) – on the 6 exchanges of GoPax, Bithumb, Coinone, Coinrail, Korbit and Upbit
  6. Australian Dollar (AUD) – on the 2 exchanges of blockbid.io and BTC Markets
  7. Indian Rupee (INR) – on the 4 exchanges of Unocoin, Bitbns, Koinex and Zebpay
  8. Turkish Lira (TRY) – on the 5 exchanges of Sistemkoin, Ovis, BTCTurk, Koineks and Vebitcoin
  9. Mexican Peso (MXN) – on the Bitso exchange
  10. Thai Bhat (THB) – on the 2 exchanges of TDAX and bx.in.th
  11. Chines Yuan (CNY) – on the 4 exchanges of alfacashier.com, Fatbtc, Ripple China and Ripple Fox
  12. South African Rand (ZAR) – on Altcoin Trader
  13. Indonesian Rupiah (IDR) – on the 2 exchanges of Bitcoin Indonesia and Quoine
  14. Ukrainian Hryvinia (UAH) – on the 2 exchanges of BitFlip and Kuna
  15. British Pound (GBP) – on the 4 exchanges of LBX, CryptoMarket, coinfloor and Cryptomate
  16. Russian Ruble (RUB) – on the 3 exchanges of Exmo, alfacashier.com and BitFlip
  17. Brazilian Real (BRL) – on byebnk.com and Rippex exchanges
  18. Singapore Dollar (SGD) – on Quoine exchange
  19. Philippine Piso (PHP) – on Coins.ph exchange
  20. United Arab Emirates Dirham (AED) – on bitoasis.net
  21. Chilean Pesos (CLP) – on orionx.io exchange
  22. Polish Zloty (PLN) – on BitPay exchange

This list is exciting as well as distributed across the globe currencies.

Disclaimer: This list might not be accurate 100%

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Ripple and XRP are clearing The Way for Crypto and Blockchain Adoption In More Ways Than One

As we observe history and look at how trendsetting products and services set the pace for the adoption of the things we take for granted, such as the introduction of the smartphone, we realize that the same history is once again repeating itself with the Ripple company and the XRP (XRP) coin. In a sense, the court cases against Ripple are actually good for the entire crypto-verse as shall be elaborated in a bit. The same applies with the SEC reluctance to classify the digital asset as a security.

The way any court system works when it comes to monumental cases such as the 3 that are being faced by Ripple, is that the verdict on one previously unheard of case, sets precedence for rulings in the future for similar cases. Take for example the court case of Brown v. the Board of Education. The ruling that racial segregation in schools was unconstitutional from that case in 1954, has paved the way for numerous students from different racial, cultural and global backgrounds, to attend not only public schools in America, but also institutions of higher learning.

Therefore, once a ruling is made on any of the 3 cases against Ripple, any other crypto related court case will quote the verdict – may it be positive or negative – in its defense. Ten to twenty years from now, the Ripple court cases will be in the annals of history as evidence of how a company can use a digital asset in its payment solutions, and still maintain that it is entirely separate from the digital asset. This separation will validate XRP as an entity by itself and perhaps a legal form of tender. Even the SEC will see that XRP is not a security.

Ripple is also introducing new blockchain technology to the financial industry through its numerous partnerships with banks and remittance service providers. What Ripple has accomplished, and will continue to accomplish, will ease the fear banks have in embracing new technology. As a result, more and more banks will start exploring blockchain and cryptocurrencies as a way of making their banking systems more efficient for themselves and their customers.

Moving over to XRP, the members of the global community behind the coin are the true crusaders for its adoption. Back in mid-May, an XRP fan managed to pay for his haircut using XRP (screenshot below).

Reddit user, losouno, paid for a haircut with XRP

Similar crypto adoption has been reported in Spain where you can now pay for your taxi ride and coffee using TRX.

Summing it all up, crypto adoption will be a long road that will be spearheaded in more ways than one by the ongoing cases against the Ripple company and by the use of XRP by the global community backing the coin.

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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John McAfee Cancels Conference Appearance Due to Death Threats

News reaching Ethereum World News indicate that popular Crypto-crusader, John McAfee, has been asked by the Blockchain World Conference organizers, to cancel his live appearance at the event after getting numerous death threats against Mr. McAfee.

In a tweet, the Blockchain World Conference stated the following:

McAfee would also add via twitter that:

I have been asked by the Blockchain World Conference organizers to cancel my live appearance due to fears of audience, and my own, safety. I will be live streaming from an undisclosed location at 11:00 AM.

He would later explain to his followers the following also via Twitter:

The choice not to appear on stage was not my choice. It was a decision made by the conference organizers. Blaming me simply and squarely places you in with my few hundred thousand trolls. If that’s where you wish to reside then so be it.

Whether the news of death threats are true or not, McAfee was most recently hospitalized for what he claimed was an attempted assassination through poisoning.

History as a Wanted man

Prior to that, McAfee had stated that he was on the run from the US government after he claimed that he had purposely committed a felony by calling out the SEC. It is not the first time McAfee has been a wanted man. In 2012 during his stay in Belize, McAfee seemed to ruffled the feathers of the Belizean government when his compound was stormed by 42 paramilitary soldiers in search of what they claimed were drugs in McAfee’s compound.

McAfee would later escape from Belize the same year through Guatemala after one was his neighbors was murdered under mysterious circumstances.

Presidential Bids and love for Docademic (MTC)

On his return to the US, McAfee would run unsuccessfully for president in 2016 and plans on running once again in 2020. Core to his new presidential bid, is his plan to provide universal healthcare in the US through the blockchain platform and App of Docademic (MTC) that he is passionate about.

In one of his tweets about Docademic and against his new foe, HitBTC, McAfee would state that:

McAfee currently enjoys a loyal following of 845,000 fans on twitter with this number expected to reach 1 Million pretty soon.

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