Cryptocurrency Blog

  • The Cryptocurrency Adoption Dilemma

    The landscape has sure changed, from 2012 times, when you could order a 50 – 100 dollar bitcoin miner and make a few thousand dollars from it alone. We now have multi-billion dollar market caps for some altcoins, yet we have something that hasn’t changed, the thought that when you have some cryptocurrency, you need to exit when the time is right into fiat. It’s this exact issue, that is causing the seasonality of prices, and will not equal a sustainable future for cryptocurrency.

    The way many in the cryptocurrency industry handled mass adoption, was by air drops and mass give aways, all stating the profits to be gained when the price rises, however, that’s not the real reason people should be using cryptocurrency, nor is it how you get people to adopt it. It’s how you create a medium where people don’t learn they just use until they can’t anymore. What happens when you give away fish, instead of teaching how to fish, well that’s what we have in the cryptocurrency world now, lots of people who know about cryptocurrency, but don’t understand what it is or how to even innovate on or off it.

    Teaching The World About Cryptocurrency

    Our mission at altcurrencyhelp has always been to teach, it’s why we’re a non profit and why we will try to stay such. The main reason cryptocurrency hasn’t taken off as fast as many would of thought, is because many push the aspect of profits instead of the aspects of data. We can do so much more than transact ledgers online with crypto, we can organize and incentivize the world.

    Innovation spurs development, and demand speeds said development thus innovation even further, so what we’re missing here, is the ability to tell the cryptocurrency story in the proper way, to spur creative thought, and that isn’t going to happen, until we educate the masses about what and how cryptocurrency can change the world.

    Stop saying the old repeated rhetoric, of ” it’s used for voting, shipping, data storage ” and start talking about the nitty gritty, lay it all out and then some. The people of the planet will thank you, we all will thank you, by using this amazing technology to innovate even further to truly bring about justice and equality for once, not just some tired perspective, but an actual view from all.

Pay Ohio State Taxes In Bitcoin As It Becomes 1st To Allow

Now if you live in Ohio, you can pay your state taxes in Bitcoin! Yes you heard that right, Ohio has become the 1st to allow for the payment of various taxes in Bitcoin, from tobacco sales tax to public utilities taxes. There are catches of course, such as, a 3 phased process to even be able to pay in Bitcoin.

  • First step is, businesses need to register with the office of the Ohio treasurer, using the dedicated portal ( )
  • Second step is, to enter tax details such as payment amount and tax period
  • Third step is, to pay the amount due in Bitcoin using a ” compatible ” cryptocurrency wallet.

Compatible wallets include the Bitcoin Core client, Mycelium and breadwallet, and others that are compatible with the Bitcoin Payment Protocol.

Other States Consider Ohio’s Move

Illinois, Arizona, and Georgia were also considering the same move,  however all three fell short of votes, due to a lack of understanding on cryptocurrency in general, said Georgia’s Senator Mike Williams.

Ohio has also been working on other blockchain technologies to be brought into the legal limelight, such as data stored and transacted on the blockchain, which is what we all need, if we want to even think about a universal basic income for all!

Ohio, also pitched a future hub for blockchain, in efforts to garner further attention from companies looking to invest. The future is ripe for growth if we are starting to see such traction take place, even amidst a cryptocurrency price fall such as recently.

Mattereum a blockchain startup wants to own everything!

Not directly, the blockchain platform startup Mattereum, wants to bridge the gap between the blockchain and physical goods, in efforts to allow for the ownership of physical items that are tracked on the blockchain. So if say someone wants to sell a rare comic book, they can go through the blockchain to do so, which will allow for that comic book to have a verifiable token of authenticity, which would in one fell swoop remove a lot of the counterfeit memorabilia items from markets globally.

What this means isn’t just authenticity re imagined, but also multiple buyers could ” invest ” in one item, as if it was a stock or split dinner bill, with no issue on ownership. The overall way items are bought and sold could change whole paradigms, allowing for payments for artwork to be done via gallery admissions, instead of direct purchasing, or else ways for reward systems to actually have worth while rewards, like a percentage ownership on objects that would retain value and be able to be sold off whenever the purchaser desired.

What is the difference between trying to do this now, than with what Mattereum is proposing?

A whole lotta paperwork, human hassle and uncertainty, the amount of lawsuits and other time holding factors would make an attempt in today’s realm a downright nightmare. It’s no wonder why, look at how such a process would have to go down, you’d need many people acting as escrow, mediums, and you’re going to need a means of trust ( good luck with that ) and that’s is everything went 100% smoothly, which in real life we know isn’t something that happens often.

We wish Mattereum luck in their future endeavor, and hope that more applications and groups are focusing efforts in likeminded projects, since our current state of trust and liability needs more work than humanity is able to by our lonesome.

Apple Removes Top Ranked Crypto Podcast

Many are scratching their heads at the recent mysterious removal of the number 4th rated podcast on the iTunes Store. The podcast named ” Off The Chain ” by Morgan Creek Digital Partner and a Crypto analyst ” Anthony ‘pomp’ Pompliano was reported to be removed on November 5th 2018, for reasons undisclosed.

The podcast is still available on Google Play and other 3rd party podcasting platforms, however on Apple it is not available.

Is Apple Thinking about entering the cryptocurrency podcast space?

Steve Wozniak, has announced publicly that as a co-founder of a recently launched blockchain focused venture capitalist fund ” EQUI Global ” that they’re endorsing Bitcoin and argued that it’s the only ” pure digital gold “.

The future is unwritten in the blockchain world, and seems more big players are finding even more areas to seed for future development.  The media airwaves is shaping up to have more competition, in any rate, the more discussions that are had, the closer to worldwide adoption we grow near.

The Rise Of The Consumer Via Decentralized Blockchains

Bitcoin has come along way, and so have the altcoin ecosystem. Many altcoins have fallen to be a fraction of their worth, to some being powerhouses of the cyrptocurrency world. New technologies and patents alongside big companies such as IBM, Deloitte, Walmart, NewEgg, and many more have joined ranks with new startsups to form some unique alliances. Tokenized tracking systems for food storage to transcontinental shipping monitoring, the new wave of fresh ideas flooding the investor space is something not seen since the dotcom boom.

Think outside the blockchain with Mesh Networks

Some companies have decided it’s more fun to unite the many altcoins, and have been working towards such a goal. Such as these alternatives to conventional internet providers, internet via any mobile device and one where you get paid to share your connection:

  • Blockmesh  – a device to device mesh network on the blockchain to establish a communications network where otherwise would be difficult, operating via bluetooh and wifi.
  • Rightmesh  – a device to device mesh network on the blockchain to establish a communications network where otherwise would be difficult, operating via bluetooh and wifi.
  • Smartmesh – An participation based earning ad-hoc mesh network on the blockchain, established via radio signals on mobile devices.

Yet not many have been seen trying to create a sustainable cryptocurrency future, instead of a dominance, and if you think about the way technology evolves, it’s safe to think there will be a need for multiple blockchains all doing different things, needing inter connectivity and a baseline to communicate / transact with.

A Future With More Choices and Less Restriction

By allowing more companies the ability to track and monitor costs, they’ll be forced to pass that down to the consumers or face the competition of startups, doing exactly that, at a bigger profit than themselves. By monitoring costs, companies can more efficiently carry out daily operations, while reducing the amount of overhead needed, where otherwise little bits here and there aren’t tracked and add up in the end.

The blockchain will also allow media companies the ability to provide just what the consumer wants or give their business to the competitor. The ability to track and mesh the micro-transactions of royalties, ads, data purchases will make consumer marketing that much easier, passing the savings and new features to the consumer, with less strings and more on demand service.

Altogether the blockchain can allow for movie and tv networks to directly sell shows to the consumer, much like they’re doing now, but on a much more broader basis and without much effort by the consumer, the key to sales in general, don’t be a burden to your consumers or face bankruptcy.