Tag Archives: motivation

Is Verge the Stealth Underdog in the World of Anonymous Cryptocurrencies?

 

 

What is Verge?

In this write-up, we return to privacy-based cryptocurrencies. Today’s chosen cryptocurrency is Verge (XVG). Originally named Dogecoindark after splitting from the Dogecoin blockchain in 2014, Dogecoindark rebranded to what we now know as Verge in early 2016.

Its primary function is to serve as an anonymous cryptocurrency for darknet and mainstream usage, while being able to conduct fast and secure transactions peer-to-peer.

The Competitive Edge: Wraith Protocol, Atomic Swaps, and Privacy

Verge has integrated its wallets with the Tor network, making the cryptocurrency immune to any form of surveillance or overseeing.

Tor (the Onion router) is a network that enables an anonymous exchange of information across a multi-layered network.

The Tor network sends its Internet traffic through a network of over 7,000 relays to conceal a user’s information and location with anonymized data packets and encrypted address information.

Users can also choose to use the I2P network, which has many similarities to Tor.

Is Verge the Stealth Underdog in the World of Anonymous Cryptocurrencies? Is Verge the Stealth Underdog in the World of Anonymous Cryptocurrencies?

Source: https://vergecurrency.com/assets/Verge-Anonymity-Centric-CryptoCurrency.pdf

Verge is also a multi-PoW algorithm cryptocurrency, making it fully mineable with a range of different mining equipment. This enables the network to benefit from more hashing power, which  creates a greater level of security for the Verge blockchain and its users overall.

Its block time is 30 seconds, compared to Bitcoin’s 10 minutes. This makes Verge much faster to use, with the added privacy options of stealth transactions, Tor, and I2P as well.

Another competitive feature on the Verge network is atomic swapping. This allows for the direct transfer of cryptocurrencies from one blockchain to another, such as Bitcoin to Litecoin or Vertcoin to Verge.

The Wraith protocol enables full privacy of transactions and any address information of the sender and receiver. This new feature is capable of being used via the Tor, I2P, or standard Internet networks.

Competitors to Verge in the Privacy Niche

Privacy is popular in the cryptocurrency space. With regulations and the U.S. Government declaring ALL cryptocurrency transactions taxable, 2018 could truly be the year of privacy-based coins.

Verge faces heavy opposition to become the leading privacy-based coin, but competition in a free market usually breeds innovative and advanced products, solutions, and services. Here are some of the top competitors Verge could steal the privacy dominance from:

Monero – Using the ring signature, it was a popular cryptocurrency on Alpha Bay before it closed.

Dash – While Dash has somewhat left the privacy niche, it still has the PrivateSend feature, which mixes addresses.

Zcash – Utilizing the Zero Coin protocol and ZK-Snarks, this protocol enables transactions to remain encrypted but still be valid on the network.

Zcoin – This is the precursor to Zcash, which also uses the Zero Coin protocol.

There are many more, but Verge has a strong community, and with the Wraith protocol in development, combined with the coming atomic swaps that allow cross-chain transactions, this could be the most exciting year for Verge yet.

Price Performance

Another big performer, Verge started 2017 at a fraction of a cent and had an all-time high in late December 2017 of $0.24. Despite its pullback, it has remained strong during the January 2018 correction.

Is Verge the Stealth Underdog in the World of Anonymous Cryptocurrencies?

Where to Buy

Binance

Bittrex

Cryptopia

Where to Store Privately

Official Verge Wallet Downloads

 

Disclaimer:

This is not investment advice. Please only invest what you are willing to lose, and conduct sound research. Always read the white paper.

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

What is Stellar?

Stellar is a blockchain network that can connect banks, payment systems, and people together using its native digital asset, Lumens. It seeks to make sending value as easy as sending an email.

While Bitcoin uses the proof-of-work algorithm, which requires miners to validate transactions on the network, Stellar uses the open source Stellar Consensus Protocol (SCP):

“The main differences between the Stellar network and Bitcoin are the following:

  • Stellar is based on a consensusalgorithm rather than mining. This means transactions confirm in a few seconds.
  • The supply of lumen increasesat a fixed rate of 1% a year.
  • Stellar aims to let you transact in your currency of choice (fiat or digital).”

Source: https://www.stellar.org/faq/#

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

Source: https://www.stellar.org/papers/stellar-consensus-protocol.pdf

A simplistic way to describe Stellar is by saying that it is a more decentralized version of Ripple and its target user base is not aimed directly at financial institutions, but rather everyday users and technology businesses.

The SCP used by the Stellar network is derived from what Ripple uses, and as I’ll explain later in this article, it has a very intertwined history with Ripple!

Stellar’s Creation and its History With Ripple

Stellar was created from the Ripple protocol, and its co-founder, Jed McCaleb, was one of the original founders of Ripple.

While these two protocols are ultimately attempting to innovate global payments, they take different approaches to it.

Ripple’s primary focus is on innovating the financial institutions’ ability to settle cross-border payments (the very institutions Bitcoin seeks to make obsolete). Stellar is aiming at payment providers, technology companies, and individuals, making its technology available to the community.

The image below, from Bitcoinist.com, compares the differences between these rival digital assets. Interestingly, each time Ripple has experienced a price breakout, Stellar usually follows, similar to the relationship between Bitcoin and Litecoin.

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

“Stellar.org connects people to low-cost financial services to fight poverty and develop individual potential.”

Source: https://www.stellar.org/about/

 

Decentralized Vs. Centralized

Key fundamentals separate these two networks. Stellar is a non-profit organization, and its technology is open source. It uses reserves to fund the Stellar Development Foundation (SDF), which is dedicated to the development of Stellar’s technology and application development within its ecosystem. As pointed out earlier, its target market is the retail user and technology companies.

In contrast to this, Ripple has 60% of its token supply locked up. It’s a for-profit organization that is building a global payment network (RippleNet) with the very institutions that drive down the purchasing power of nations and trigger economic implosions.

As mentioned earlier, Stellar’s technology is based on similar code to Ripple, and while Ripple is clearly the more centralized of the two, it remains to be seen which will emerge as the most efficient protocol. As they each evolve and move into different ecosystems (decentralized and centralized), so will their protocols and the technological requirements to thrive.

Morally and ethically, Stellar is the superior blockchain designed for the people, and it has the innovative ability to stay relevant and compete with Ripple’s technology. It can scale and bridge multiple fiat and cryptocurrencies together at a cost-effective rate.

Stellar’s Innovation and Scalability

The blockchain sector has always embraced entrepreneurism and innovation, as they’re vital for its growth and survival. Stellar embraces this as well, encouraging application and scalability development on its network.

Enter Mobius, a new payment application built on top of the Stellar network. By using the Stellar Consensus Protocol as its foundation, it allows for scalability, speed, and cost-effective transactions in a decentralized manner.

Price Behavior in 2017 and 2018

In 2017, Stellar experienced price growth of over 20,000%, making it one of the top-performing blockchain protocols.

Stellar suffered a brief downturn after peaking at the $0.90 region, as the cryptocurrency markets overall suffered a sharp pullback.

However, against Bitcoin, Stellar has been a strong asset to hold, and it has performed better during this turbulent January 2018 than many other digital assets.

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

Five Reasons to Purchase Stellar Lumens

  • In late 2017 IBM revealed the successful results of a partnership with Stellar, it successfully settled transactions using the native digital asset of the Stellar network, Lumens (XLM).
  • Stellar’s asset Lumen (XLM) is becoming more liquid as the Blockchain space evolves, you can find it listed on most trusted exchanges. This creates a more resilient price and reduces the likelihood of price manipulation.
  • Something which is a hot topic in Blockchain is the regulations on digital assets and how it influences the cryptocurrency sector, Stellar is already compliant with regulators and its foundation is fully active and above board.
  • It has the technology to issue any asset, making it flexible with who can use it while providing the service in a secure and cost effective manner.
  • XLM allows any financial instrument to transfer as a form of money, by digitally representing existing currencies and assets on a fast and scalable network. Scalability is something the Blockchain sector is striving to solve and Stellar’s technology is setting the pace in this regard.

Where to Buy

Poloniex

Kraken

Binance

Bittrex

(Most exchanges will list Stellar Lumens)

Where to Store Privately

Ledger Hardware Wallet

Official Stellar Wallets

 

Disclaimer

This is not investment advice; full critical research is recommended before making any investment decisions.

Please always read the white paper before taking action. Research will provide confidence and help your judgement in these highly-volatile markets.

Motivational Theories

Sunrise+landscape+render+retouches

Motivational Theories

Hey guys, I made a short video today about motivation CLICK HERE TO SEE IT, I feel I need to explain and pick apart the subject of ‘motivation’ a bit more, so I did some very efficient thinking in motivational theories…

I was thinking if so many people want to become motivated, or need to know how to apply their motivation (eagerness, desperation, energy etc) they need to be able to identify the demands or needs as a source of energy for their motivation.

Have You Ever Been Asked To Draw An Emotion?

This lead me to think how would one describe motivation, or better yet how would we draw it?

Would we describe or draw it to reflect our demands, or needs to satisfy the goals we seek to achieve, or fill the void that is essentially made up of our satisfaction.

Or is it just simply a term we use to describe neediness and emotional satisfaction.

From my research I say motivation is simply made up of three steps, lets cover it in more detail…

Needs 

People will always need something, fortunately we all have different needs which balances things out, you may have something I value and need while in return I may have something you value and need.

This means we have to try to understand each others needs and who needs what in order to boost productivity in any aspect of our society.

Having a need can be a trigger for a motivational flashpoint, as the need is the pretext to the behavior required to make change.

Whether in a positive or negative manner.

The need can be anything, the motivational flashpoint is what bridges the need with the behavior and governs how the behavior will be based on the flashpoint.

Example: If somebody Needs to learn a particular method of solving a mathematic equation they could either;

  • Fall asleep and procrastinate.
  • Realize that in order to solve the equation they have to take action (motivate themselves) to think and educate themselves to be able to follow the necessary steps to completion.
  • Take action but apply it in the wrong way, using the wrong type of learning methods or rather not think logically, therefore fucking up the equation.

Basically the Need is what triggers the thought process, the motivational flashpoint I talk about is what governs a good foundation for logical behavior.

Behavior

The behavior is based again on the needs of the person, the behavior is factored by many things, as Maslow’s theory states:

  • self-actualization,
  • esteem,
  • safety,
  • physiological.

Our behavior and characters determine how motivated we can get and how well we can stick to the good habits we might try to develop or maintain.

The motivational flashpoints help to guide and focus the right type of motivation for the right results.

Satisfaction

The biggest motivator of all, but often the hardest to obtain, you have made and achievement, you have seen the proof, you know you can do it.

The satisfaction creates a sense of well-being that in turns gives the confidence and esteem to do more, to go that extra round!

It creates a mental bar to live by and creates powerful emotions like inspiration, happiness and motivation is a product of inspiration after all.

This is why one of my motivational flashpoints is actually envision it or see it, imagine yourself where you want to be… Replicate that feeling of satisfaction to help you condition (in a positive manner) what it will be like when you reach the objective you have set.

Have a look at my video about motivation!!

Did you like this post, why not take ACTION and sign up to my FREE newsletter just CLICK BELOW and get my FREE book

Let me TAKE ACTION and STEAL the FREE book HERE