LISK and THE DAO Change Crypto Currency Landscape

It's been a busy month or so... let's get to some of the important links:
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The Winners

BITWAGE - Yes, With DAO... You Can Be PAID In Ethereum

the world it is a changing

RIPPLE Finally Signs A BIG Bank Deal

is it finally safe to put some BTC into Ripple?

What IS The DAO?

an explanation about Distributive Autonomous Organizations

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The Barf

Craig Wright = Satoshi?

does anyone really know... does anyone really care?

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The Stew

ETH - The Next Bitcoin?

a hard sell on the new technology

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More Soon

Will Hourly Indigenous Labor Ultimately Prove To Be Crypto-Currencies Real Strength?

In my post on January 29th I mentioned a company (BitWage) currently involved with the local Philippines workers... that converts their American dollars paid for their local work... into Bitcoin ... saving huge amounts of transaction fees for each worker. The idea is of course a natural for `indigenous' people anywhere in the world.... all that needs to happen is to have the idea REALLY take off... unencumbered by TPTB (the powers that be).... and let the awareness of a connected Internet take it's course of power.

And, at least one crypto currency person is at least making a rumble - in the direction of serving the SAME niche that BitWage is - for the American Indian (at least a tiny section of it but what if this worked... it could easily galvanize the many many other tribes) - his name is Payu Kimitsu and he is one of the main players for the MazaCoin.

I am friends with Payu on Facebook.... and wanted to share a post that is only a few hours old that he made and my response:

Payu Kimitsu

8 hrs · 

Talk of boycott swirls around local Indian community...but what would a Mazacoin backed Boycott look like? ok well it's going on 2 weeks since the beer throwing incident and no arrests...the States Attorney is looking at dropping pursuit of charges based on "the children were in no immediate danger" As the Native community fumes and seethes in rage over this clear message we're left to wonder what other options do we have as a community? Enter the Mazacoin Option: if the naive community  got solidly behind Mazacoin and switched 10% of their daily purchases and savings to Mazacoin it would spell a staggering $183 Million loss for the state of South Dakota...the native Community in South Dakota Alone account for $1.83 Billion a year in Tribal GDI (Gross Domestic Income). 10% of that removed from the local economy would be $183 Million lost...But where would it go? Well it wouldn't really be "lost" it would simply be removed from a fiat based economy like the state has currently and re allocated to a Native american based digital system. Since the State refuses to recognize any native american based currency as "Legit" it falls on the tribe as far as taxation and all taxes would revert to the tribes themselves.
But How would the Native Community go about such a feat? that is surprisingly simple... The Kimitsu group is currently looking at a idea to develop a inter tribal Payroll services co that would be able to do just that whereby clients could allocate a % of their payroll into Mazacoin automatically...and the more vendors, and small business merchants that accept Mazacoin as a payment option the more viable a solution Mazacoin becomes as a means of putting financial pressure on the state of south dakota and other states to get off their asses and actually do something to address the recent racially motivated attacks on the Native community...

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Now, as you read above, Payu is simply using this as a tool to retaliate for the obscene public incident and lack of moves by TPTB. But, the move away from fiat and into a local based alternative is more than a reaction to injustice at one moment of time... it could be the beginning of who knows what and a reclaiming of economic power.

So... my response to Payu:

Rick Phillips Indeed Payu... why bother waiting for BitWage to do it for you. You are a man of action Payu.... well done and your math and theories about the actions also are dead on.... absolutely this is the way to push the envelope of change IMO. Begin smallish at about 1-5-10% based on the persons comfort level and then watch the multiplier effect take hold within the community as that money NEVER LEAVES the area.... and is allocated better too..... That said, as we know about how BitWage is helping workers in the Philippines it may be good to talk up that idea as one that is a symbol of change for those people at controlling their own money better without banks becoming involved. Bitcoin and the alternatives are the way to avoid their inclusion in everything. The real fantasy is that the entire economy of the tribes gets switched over... imagine these coins EASILY having a similar or greater value to the previous fiat currencies being traded for the last century. And, finally for now... since Maza coin is the 2nd base currency for that group that deals with the United Nations NGO's (non government organizations) - that represents the indigenous people around the world... what IF the tribal folks simply made THIS local experiment work.... then the whole world will of the indigenous may just be starting to be realized. It provides ONE community the direct chance to bring change. Man oh man.

30 mins · Like

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Much like when in the movie `The Graduate'  the word `plastics' was positioned - Maza Coin may be the secret word for 2015... and Payu may be just the person for the job. Don't believe that Payu is the person that puts his actions behind his mouth and words? See below... yes, they accept Maza Coin.

Link To Picture

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Dig into seconds in the archive.

The Cryptsy Bitcoin Plunge - 92.00 USD

In a week in which Coinbase went public in BTC trading... Who would liquidate 47 BTCs in such a manner and why? Was it to show the thinness of the market - certainly a petty billionaire could manipulate at this level and MUCH much more, right? (as is evident by most of the big caps moving in sync most of the time?)

 USD Market List   -   10 Active Markets
Search Markets: 
Market Currency 24hr Vol Price 24hr High 24hr Low
BTC/USD BitCoin 99.2 BTC 223.29731204 264.20938948 USD 92.00000000 USD
Was it some rich tycoon  who got in at 330 last week thinking the surge would be the next spike... and then just as easily got out to say WTF to Bitcoin? Is such volatility going to be normal in a world market of collapsing commodity prices? Seen as a possible refuge to those in countries with falling currency values?

Certainly the relative strength of the USD and the China currency (being undervalued) lends strength to Bitcoin prices IMO. Hard to buy into that marketplace perhaps in other places of the world... and could that be part of the weakness at this time of expansion... on bitcoin protocol all over the world?
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Oh, .... my blogging efforts here with simply an element of real follow through on my personal beliefs about the system in general and how change might occur in a world dominated by TPTB.... so, ... as readers of this blog know... IMO... the idea of the company called BitWage -

Your Wage, Bit by Bit

Next-Day Fiat to Bitcoin 

Faster and amazingly low-cost paychecks and payments between US and Philippines. No bank account required.

 where a worker can get their salary/earnings in Bitcoin - is a potential major game changer IMO (and I expect just the first of companies to move into the niche) in making the arrangements for individual people to use such a service.

So, I reached out suggesting to BitWage to extend their focus beyond BTC. And got a response. And potential `news'.

So, what will I report at this time? 

I will report that there is interest in/at BW to do more than just Bitcoin for payroll conversion...... and that brings up what I've been saying about the supposed `Nation' (brand positioning) coins and other even more potentially real `sovereign' coins.... (hint, hint) - get my drifting smoke-signal?
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Is a revolution at hand?

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Additionally, I've been contacted about doing a write-up for an upcoming `Crypto-Magazine' of some sort in the fairly near future.... we'll see.... someone evidently is reading my positioning statements.

I guess you are. Thanks.

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Bitcoin Winners

Ripple Labs Close To Finishing Raising 30 Million

with their own `trusted node' technology for possible transactions between institutions such as BANKS - go where the money is boys and play in their backyard (might this one still have significant room on the upside?)

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Bitcoin Spew

concerns do not change the authors’ view that bitcoin “is a radically new, decentralized system for managing the way societies exchange value. It is, quite simply, one of the most powerful innovations in finance in 500 years.”

The authors give insight into what might be motivating some of the bitcoin naysayers: the bitcoin model could slash trillions in financial fees, eliminate work done by payment processors, and cut into legal and accounting fees. In other words, by disrupting the global economy’s status quo, many parties stand to lose.

Bitcoin’s advantages are particularly visible in emerging markets where under the current financial system migrant workers can pay 10 percent or more in transaction fees for international payment services, the essay notes.

(BITWAGE ANYONE?)

2,000 Word Article In WSJ About Bitcoins Future

The article quotes from a new Bitcoin book but has some classics in this article as you can see above.

(Some Bitcoin Books In Left Sidebar)

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Bitcoin Barf

If you love to bark(f) about your favorite coin... in an endless trollbox...for btc reward for doing so..... then we have the place for you Friends For Cash does it sound like a match for you?

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