What is (ETH) Ethereum?

So. Now. We need to talk about the number one competitor of bitcoin. The ETHEREUM.

News Flash! Ether, which is represented by Ethereum is not a cryptocurrency. Yes! It is not a currency that you can use to buy coffee at your favorite cafe or staffs online. It is not use as money or medium of exchange. It is a "gas" (as described by Vitalik).

Ethereum is an "upgraded" blockchain of Bitcoin. They were equipped with Smart Contract.

So what is this Smart Contract? It is an execution and automation of "ifs or trigger". For example, every month you need to pay mortgage of your home, Ethereum blockchain can be set up automatically and will deduct money from your account monthly. And to execute that, you need "gas" which we called ETHER.

Bitcoin will be used by people as a currency. And imagine how big will be the demand for ETH if all in Enterprise Ehthereum Alliance (EEA) deploys its projects. More projects means more smart contract means more gas (ETH) they need.

Below are the big companies who are members of Enterprise Ethereum Alliance.

Enterprise Ethereum Alliance Members - members of EEA

Below is the blockchain tech that central banks of the world are working on. Ethereum toppled down Bitcoin because of Smart Contract.

Types of Blockchain Tech Central Banks are Working With

Big companies and governments are now challenging the Ethereum technology and Vitalik's team do not waste time to upgrade and cater the needs of those companies.

Oh one more thing! You see so many ICOs coming out. Right? Most of their platforms uses Ethereum. And some of those coins are not available worldwide, so why fret and be depressed? Buy the platform they are using. This is a tip! Yes you are welcome!

Do not be late in this big wave of change.

Note: Virtual currencies are very volatile. Study before invest. 

Invest at your own risk. 

LEVERAGE - Why this word IMPORTANT to SUCCESSFUL PEOPLE

I won’t discuss here the differences between rich and poor people that maybe you heard million times with other financial literacy talks and read on your social media sites. In here, I will talk about on where the rich people uses the word LEVERAGE. 

Let’s get to the point: 

1. TIME - We all have 24 hours in a day but why majority asked themselves why others seem to accomplished many things and why they don’t. Successful people know how to manage their time and priorities. They know the limited time they have in every single day, so they leverage on other people’s time. They knew how valuable their time is and that is the main reason they wisely delegate tasks to the people they hire. They carefully chooses, trains and trusts the people under their wings. They are not wired to micro-manage their business but they are equipped to expand their ventures. 

Time is a very expensive commodity. No one can buy time to have it back or to have more. 

2. TALENT - Ultra successful people admit to the themselves that they DO NOT KNOW EVERYTHING and that is the primary cause why they hire people who is wiser, skillful and more experienced than them. 

They leverage other people's talent for the benefit of their companies. They trained themselves to listen to new ideas and suggestions. They are willing to spend huge amount of money just to get the best talents. 

3. MONEY - You will not see successful people on the streets selling their ideas. Investors come to them and demands to take their money and be their partner. They are so well-known to be trusted about money of others and on that, they know how to expand or make their ideas work through other peoples’ money. Oh, and one more thing, if banks phones you offering you a loan, sending you a credit card without credit limit or sending you blank cheque... CELEBRATE! The bank is seeing something in your bank account that most of the people don’t have. 

Build a reputation that everyone will trust and make business with you. TRUST and REPUTATION are the main ingredients for you to maximize the power of other people’s money. A small talk of negativity will risk all the foundation you constructed. Be very careful not to mire the trust of your investors.  

4. SYSTEM - Whenever you set foot at McDonalds or Starbucks ordinary people will see the products but goal oriented people see the SYSTEM behind every successful businesses. And that is why, the franchise was born. We all know that McDonalds do not serve the best burger in the world but why people love them? It is the marketing, the development of their products and quality of staff’s services. It means, the system. Rich people invest on system, people, vision and not entirely on the PRODUCT. 

Franchising is the most effective way to join the company’s achievements. Multi-level marketing too. Why compete with the giants? Join the giants! It saves your time, your energy and the success rate is high. 

Or if you think you are better than them, innovate their system. 🙂 

Hope these four enlightens you as you go through your life and make the most of these things that you need to LEVERAGE. Start step by step. And you will prove that it will fast track to reach your goal. 🙂

Why we INVEST in BITCOIN?

I am not here to educate you about bitcoin; why it was created, who is Satoshi, and how radical the changes it may cause to an economy. Below is the best video I have found for you to understand a deeper perspective what money is today and how bitcoin can totally make difference in the banking system and in our day to day lives.

Before watching this lengthy video, kindly forget first what the mainstream media have propagated now about bitcoin. I bet, they do not want you to know how crooked the fiat money you are holding to. 

I saw a bitcoin atm last 2013 here in Singapore and I just took a glimpse and smirk on the idea but do not get me wrong. My husband and I knew about the quantitative easing and how the government will collapse when they will not bailout the banks but we just do not believe that this bitcoin can be huge enough to smash a thick wall of these two conglomerates (government and banks).  

Fast forward 2017, February, my Uncle Bert from Dubai visited us and talked to my nephews about gaming sites that rewards bitcoin. I just smiled on the idea. Come June, while I am in plane going back here in Singapore I heard about this Infotech and explained what will be happening in this event. 

When I reached our flat, I enthusiastically told to my husband about it. With that, we started to study about blockchain, read white papers, joined groups (like Bitcoin PH) and make our ears wide open on talks that are happening. Then, we smashed the nail in the head big time! We found out a lot and all I can say banks and governments are now into this blockchain. Why? If this radical change of currency will go through, citizens of Earth will not need a bank (who will use bank if interest rate is too low) and will be free in paying some taxes(bloodline of government). 

In addition to that, many companies are now incorporated and affiliated themselves to blockchain companies to build their system on a digital ledgers. Some banks in Switzerland are now compiling legal regulations to tokenized some of their clients assets and equities. (These are clues— you are welcome) 

Abbey and I support this advocacy and that is why we invest in bitcoin. We can’t wait now that this currency to be accepted to most of all stores and used it as medium of trade. :) 

If you want to have a free bitcoin. Yes free! These are the faucets (freebitco.in [per hour]and moon bitcoin every 5 minutes] ) that I used to get some of bitcoins while I am studying them. As you all know, I have a low tolerance in wasting time. So I am getting some BTC dust (satoshis) than nothing at all.

***BETTER TO DO SOMETHING THAN NOTHING AT ALL***

FREEBITCO.IN

MOON BITCOIN

If you are ready to invest, you can use Coinbase, Bittrex, Coinhako (Singapore/Malaysia) or Coins.ph (Philippines) to buy. Those are exchanges and wallets too. 

Coins.ph - Wallet and Bitcoin Exchange in Philippines  

coinhako - Exchange for Ether and Bitcoin in Singapore and Malaysia 

If you want to know, if I mine? NO! It is a waste of resources, there are too many huge players now. As in huge! Their properties are so big that they seem to look like they are mining a physical gold.

From here, I do hope that you will dig deeper about bitcoin, its feature and future and stop listening to mainstream media about it. 

Exceed it bitcoin! TO THE MOON!
Next post, wait for our ETHER! :)

Note: Virtual currencies are very volatile. Study before invest. Invest at your own risk. 

For your safety, before registering any site for coins, you please check Badbitcoin.org. They compile websites that propagates  BITCOIN SCAMS. 

As of now, with our bitcoin, it already gained 50%+ more. On on our ether, it gained almost 80% as of this date.

Studying this two pays off! :)