How To Start a Blog And Make Money (Cryptocurrency) Online – Webinar – Zurich
You want to be financially independent. You don't want to go to "that" office. You know you can do things in a different way, like starting a blog, making money online, be location independent… But you don't know how to do it. I was in your shoes. I started my change and I have a successful site now. Let's start your change too. In this webinar I will talk about: Starting a blog (investing in education and training) Finding your niche Defining your target market Creating your blog Producing quality content Becoming an authority What to sell/how to sell online How to grow your online business How to earn cryptocurrency from your blog This is an "online only" event. Webinar language is English. Webinar link will be emailed to the subscribers before the event. (Please check also your junk email folder) Let's rock this blog! iaminyourshoes.com FAQs How can I contact the organizer with any questions? info@iaminyourshoes.com starting on 2018-10-30 16:00:00
Europian Union countries are exploring the idea of imposing an EU-wide account freeze measure to prevent potential bank runs. Could bitcoin provide a viable alternative to secure depositors’ funds?
Preventing the Chaos
European Union states have proposed a which would effectively allow them to freeze bank accounts before a bank run takes place. The measure was planned earlier this year in order to prevent bank runs similar to that of last month. The proposal wants to prevent depositors from pushing over the edge banks that are already failing or will likely fail.
According to EU rules, each depositor that has less than 100,000 euros deposited in a bank account is insured from a bank run. But under the new plan, a potential bank run could force the supervisors to freeze bank accounts of all depositors, and thus freeze withdraws from bank accounts.
Charlie Bannister, of the Association for Financial Markets in Europe (AFME), noted following:
We strongly believe that this would incentivize depositors to run from a bank at an early stage,
Countries that already have a moratorium on bank payouts, like Germany, have strongly supported this new plan. According to a person familiar with German government’s thinking:
The desire is to prevent a bank run, so that when a bank is in a critical situation it is not pushed over the edge,
Back in 2013, was a hair’s breadth away from a total economic collapse. Cypriot banks were desperate for a bailout from the and IMF and many account holders feared that their deposits would vanish. This fear caused a classic bank run and people were rushing to banks and ATMs in order to withdraw as much money as they could.
Inevitably, cash became scarce and the ATMs stopped working. Many saw bitcoin as the last option to secure their funds. The crazy demand from Cyprus for bitcoin caused the digital currency’s value to rise from $47 to $88 – an increase of over 88 percent! With the EU’s new proposal, many believe that bitcoin can once again be a safe way for depositors to secure their funds from a bank run.
What are your thoughts on this new proposal? Do you think that it will prevent bank runs? Will bitcoin be able to save depositors again from a bank run? Let us know in the comments below!
In a recent article, The Motley Fool examines what billionaires Mark Cuban, Warren Buffett and Richard Branson have to say about bitcoin.
The Motley Fool’s Matthew Frankel that it can be a smart idea to listen to what some of the most successful people in the world have to say, and with that, he explores what three of the world’s most respected billionaires have to say about bitcoin.
While these are merely opinions, each brings with it a unique perspective and outlook on what is very much an emerging technology and a potentially disruptive threat to their empires.
While this does highlight the volatility of the bitcoin, it also brings attention to just how sustainable the coins current high price is. However, Cuban does have a great enthusiasm for the underlying technology of the blockchain.
I think blockchain is very valuable and will be at the core of most transactions in the future. Healthcare, finance etc all will use it
In a 2014 CNBC interview, American business magnate and investing giant Warren Buffett claiming that it was a technology essentially devoid of value. During the interview, Buffett offered this advice to readers:
Stay away from it. It’s a mirage, basically…The idea that it has some huge intrinsic value is a joke in my view.
Many dismissed his comments, however, since Buffett has avoided investing in new technology throughout his career, admitting that he does not understand them well enough to invest. A cautionary lesson in research there. However, Buffett’s comments did not sit well in the tech industry where he received condemnation for his criticisms. Tech venture capitalist echoed the sentiments of many in the tech industry:
The historical track record of old white men crapping on new technology they don’t understand is at, I think, 100%.
Buffett’s comments in regard to bitcoin and blockchain technology were made 3 years ago and it is entirely possible, if improbable, that his attitude has changed since.
Not only does UK tech billionaire Sir Richard Branson speak highly of bitcoin and blockchain technology, he also suggests applications for the technology in a socially beneficial way. Using the technology to create a better, more secure and forgery-proof land titling system is just one of the real-world applications Branson envisions. This would ideal for developing countries and places where corruption is rife, as land titles are regularly disputed.
Branson also holds annual on his own private island where blockchain experts and developers, as well as the top minds across a wide range of industries, brainstorm new ideas and applications for the technology. Ultimately, his attitude towards bitcoin is that it is working, and working successfully. He does recognize, however, that there is room for even better solutions than bitcoin currently provides.
Have these Billionaires got the right idea about bitcoin? Should they be doing more like Richard Branson in promoting it and looking for active uses? Let us know in the comments below?
India: Coinsecure [Finally] Reveals Compensation Process for $3 Million bitcoin Theft Advertisement After delays, Indian cryptocurrency exchange Coinsecure outlined its compensation process for customers impacted by the theft of 438 bitcoins in April, worth approximately […]
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