Category Archives: blockchain

P2P Governance: Blockchain as a Commons

How could a P2P Economy save the Planet?

I attended a conference given by Michel Bauwens yesterday in Barcelona that really went above and beyond my expectations and, to my astonishment, it made me see things through a different and hopeful prism.

Earlier on Financial Translation I wrote about the blockchain and even tackled some very alternative tools for organsing economy (see W√∂rgl, the miracle of a local currency) or Fuller’s World Game (see If we ruled the world), but yesterday Michael Bauwens took it up a notch.

Michael Bauwens, the founder and director of the P2P Foundation, is a top figure in the field of P2P economies and the commons movement. He presented his last P2P Foundation report “Towards a P2P Infrastructure for a Socially-Just Circular Society” . It explains how using shared perma-circular supply chains, post blockchain distributed ledgers, protocol cooperatives, and other forms of post-capitalist accounting, could save the planet.

Michel Bauwens P2P Economy Barcelona Meetup

Whether you are a fan of neoliberalism or not, and regardless of ethical and moral considerations, at this point, one thing that few people seem to doubt is that, at the current rate of growth, this system will end up depleting our natural resources and threatening our very existence. As we all know, the logic behind neoliberal capitalism is continuous growth. It just can’t stop growing. It’s like a shark: It has to constantly move forward or it dies. In a world of limited resources, it is sentencing human beings ‚ÄĒand along with us many other species‚ÄĒ to extinction. So it is not a question of ideologies or ethics, it has become an issue of sheer survival.

Since the fall of the soviet bloc, there has been no alternative to predatory ‘capitalism’ (which nowadays is not even capitalism, but an oligarchy exercising economic, social, and political influence out of all proportion). When you look at it, the paradox is that real capitalism was against oligarchic economies, and liberal countries were the ones with more antitrust laws to ensure free competition‚Ķ That being said, what if ‘capitalism’ , ‘communism’ or any of their hybrids weren’t the only systems under which human societies could be organised? Ever since slavery, including feudalism, communism and capitalism, power has always been centralised. Even under communism, power was centralised in a single political party. Not surprisingly, it has been the source of corruption, plundering of natural resources, abuse and misuse of power, destruction of the environment, inneficiency, inequity, modern slavery, injustice and grievance…

The point is that maybe there is a decentralised way of organizing human societies in an era when states are losing legitimacy and becoming obsolete. It is hard to conceive because we have been born and raised imbued with the logic and spirit of market economy, as if we were born in a Matrix where we can’t even figure out other alternative realities to the old-fashioned post-liberal states. Michael Bawens is not himself an anarchist. He still believes there’s a need for a state and an administration, but a very different one in nature, a P2P state, a commons economy based on decentralised technology ‚ÄĒmost probably the Blockchain.

So if you want to think ouside the box, beyond the classical paradigms and expand your mind to new, decentralised ways of organising community life, listening to what Michael Bauwens has to say is a must. It actually might save the planet, which is not small feat.

my opinion

Recommended Links

P2P Accounting for Planetary Survival by Michale Bowens and Alex Pazaitis

Wörgl, the miracle of a local currency

If we ruled the world

Blockchain and Cryptocurrencies glossaries

Top Ten Cryptocurrencies 2019

Top 10 cryptocurrencies 2019

ranking criptomonedas criptodivisas monedas digitales monedas virtuales

The best cryptocurrencies · 2019 Ranking

Here are what I consider the 10 best cryptocurrencies in 2019 and most probably in the following years. I wrote earlier about Dash, Bitcoin, Ethereum, Litecoin, IOTA, Blockchain technology and how to buy cryptocurrencies on this blog. There are currently  over 1400 cryptocurrencies, and sifting through them is not plain sailing, so this post will be regularly updated.

If you have reached this post, you may be wondering which is the best cryptocurrency to invest in, so I decided to offer a ranking for all those who are thinking of betting on the most fashionable currencies. First of all, I must say that I do not recommend investing more than 5% of your income, since the fluctuations in these markets are as usual as unexpected. My second advice is not to go crazy about the ups and downs and try to focus on the mid and long run. The crypto market is swings and roundabouts, so don’t panic. Keep calm and don’t invest more than 5% of your income. And finally, I would recommend to bet a little on the two big fishes (Bitcoin and Ethereum) and diversify the rest in other promising currencies. So you better don’t put all your eggs in one basket.

As I see it, there is an unwritten rule, a historical constant which proves over and over again that the most advanced technology always ends up winning out over the obselete one. Blockchain technology on which these cryptos are based is way more advanced and efficient than the old-fashioned fiat money, which could become obsolete in the next decade. Stranger things have happened.

Criteria

ranking criptomonedas

Criteria applied in this ranking

Criteria: I personally attach great importance to the project offering some innovation, some added value ‚ÄĒyou can find out about it by reading the white paper‚ÄĒ. However,¬† the size of the cryptocurrency’s community, the money supply ‚ÄĒso that you can weight up whether a given cryptocurrency is attractive for mining or not‚ÄĒ, the team of developers behind and their dedication to the project ‚ÄĒfull or partial‚ÄĒ, its country of origin, the exchanges in which it is quoted, whether it is little or very decentralized and, of course, its price-performance ratio so far…. are all good benchmarks when it comes to evaluate and compare them.

Cryptocurrencies by market capitalisation

By market capitalization, that is to say, by the price of the cryptocurrency multiplied by the number of coins in circulation, it is obvious that Bitcoin is still ahead of the curve, without any other coin shadowing it. Ether (Ethereum’s cryptocurrency) is back in the second position, ¬†and Ripple is third, Bitcoin Cash features in fourth position, Litecoin (5th), EOS (6th) and Binance coin¬†(7th). In fact, the second largest group would comprise all the other altcoins except Bitcoin and Ether. Market capitalization¬† also indicates the assets available for the purchase and active sale of cryptocurrencies in exchanges.

  1. Bitcoin Bitcoin, with a market capitalization of around $142,520,106,909
  2. Ethereum Ethereum, with a market capitalization of around $26,643,966,096
  3. XRP XRP, with a market capitalization of around   $17,649,693,244
  4. Bitcoin Cash Bitcoin Cash, with a market capitalization of around   $7,071,407,437
  5. Litecoin Litecoin, with a market capitalization of around   $6,569,571,432
  6. EOS EOS, with a market capitalization of around   $6,285,351,420
  7. Binance Coin Binance Coin, with a market capitalization of around  $4,429,651,223
  8. Bitcoin SV Bitcoin SV, with a market capitalization of around  $4,127,066,751
  9. Tether Tether, with a market capitalization of around  $3,127,671,181
  10. Stellar Stellar, with a market capitalization of around  $2,429,528,729

BEST CRYPTOS

tot 10 criptomonedas

Starting with the most consolidated cryptos and ending with the not so famous but very promising ones (for a number of reasons):

criptomonedas

Ether (ETH)

#1 It is my favorite due to the technology Ethereum it is based on. For many ‚ÄĒincluding myself ‚ÄĒ it is the most robust and innovative platform of the blockchain technology. It still seems to have a lot of room for growth. Within the crypto currencies it is one of the safest bets and the blockchain that offers the most applications with its smart contracts. Giants like Microsoft and JP Morgan are already using Ethereum technology. The most visible reference of Ethereum is Vitalik Buterin, its co-founder. Even though Ripple overtook it by the end of 2017 in terms of market capitalization, if both Ether and Bitcoin are the reference for all other currencies, it is for a reason. Not for nothing, you need ETH or BTC to buy other altcoins. You can buy Ether, Bitcoin or Litecoin on coinbase or Binance. Just click on the links.

Ether coin
ETH Currency, SIlver Collectible

Bitcoin (BTC) 

#2 The early birtd catches the worm. It is the oldest and most widespread crytocurrency in the world. It was the first to use the revolutionary blockchain technology. For this¬† very reason, its price is so high that you’d rather be cautious. It seems to be evolving towards a virtual gold value deposit, so people prefer to keep it rather than to use it to sell and buy goods and services. The fact that you need¬† BTC to buy other altcoins in many exchanges, makes it even stronger. You can buy Ether, Bitcoin or Litecoin on coinbase or Binance. Just click on the links.

Bitcoin Moneda
Bitcoin

bitcoin cash

Bitcoin cash (BCH) 

#3¬†One might say it’s an evolution of BTC. The fact that Bitcoin has a limit on the size of the block restricted to 1Mb, implies a high processing time in the transactions, so the fork of the cryptocurrency was created taking the 478558 as the last block of the bitcoin. The new coin would generate its own blocks from this string¬† but with a much larger size (up to 8Mb). You can buy Bitcoin Cash on coinbase or Binance. Just click on the links.

mejores monedas digitales

Ripple (XRP)

#4 It is becoming a modern classic. Last year it reached second position ahead of Ether in market capitalization for a few months. That was due to the agreement of several Japanese and South Korean banks to use it. Although some see it as a betrayal to the blockchain principles, it is designed to work within the current transactions bank system. They also convinced several companies to adopt its technology. It is a cryptocurrency based on free software that pursues the development of a credit system on a peer to peer basis. Ripple nodes make up a local exchange system, so that the whole system works as a decentralized mutual bank. How to buy ripple? You can do it on coinbase or Binance. Just click on the links.

moneda virtual

Litecoin (LTC)

#5 It was the first crypto based on Scrypt, and it is a major bet on Coinbase, the first exchange house of the world. The size of its blocks and number of transactions is much larger compared to Bitcoin. Moreover, the fact that it does not need very sophisticated equipment to mine, favours  its decentralisation. You can buy Ether, Bitcoin or Litecoin on  coinbase or Binance. Just click on the links.

iotacoin

Iota (MIOTA)

#6 Its white paper really blew my mind. A different coin. It is not based on Blockchain, but on DAG (Direct Acyclic Graph) technology; there are no commissions, no miners (you validate each transactions on your own), confirmation times are fast and the number of transactions that the system can handle simultaneously is unlimited. It is specially focused on the internet of things. Some say it is the next generation of decentralized currency. It is very surprising and different from what I have seen so far. In fact,¬† I see it as a very interesting bet in the mid and long term. Iota was founded in 2015 by David S√łnsteb√ł, Sergey Ivancheglo, Dominik Schiener, and Dr. Sergei Popov. If you want to buy IOTA you can do it on Binance.

This image has an empty alt attribute; its file name is Cardano.png

Cardano (ADA)

#7 Lo and behold! Here is a blockchain (Cardano) and a third-generation crypto (ADA) quite attractive investment.¬† Its visible leader is Charles Hoskinson, former Ethereum CEO, who has assembled a team of renowned experts in the world of cryptocurrencies.¬† Cardano is a decentralized platform that will allow programmable value transfers in a secure and scalable way ‚ÄĒboth horizontally and vertically‚ÄĒ. Cardano is one of the first blockchains based on the Haskell high security programming language. Its currency is called ADA. Cardano aims to solve 3 problems: sclabilidad ‚ÄĒhow many transactions per second the platform can perform‚ÄĒ, sustainability ‚ÄĒwhich has to do with the resources and energy used for its operation‚ÄĒ and interpolarity ‚ÄĒwhich has to do with the compatibility between different chains of blocks.

While Bitcoin uses Proof of Work to create new blocks, Cardano resorts to  Proof of Stake. You can buy ADA (the cardano crypto) on Binance.

criptomonedas

Monero  (XMR)

#8 It is the open source crypto currency that offers the most protection and privacy, which is why it has often been linked to illicit operations. But as Sissela Bok put it: “While all deception requires secrecy, all secrecy is not meant to deceive”. Either way,¬† it is one of those currencies that makes a difference with its added value. Created in April 2014, it focuses on privacy, decentralization, as well as scalability. Unlike many cryptocurrencies derived from Bitcoin, Monero is based on the CryptoNote protocol and ‚ÄĒ without going into technicalities ‚ÄĒ features an algorithm that makes blockchain obscuration possible. ¬†Monero benefits from continued support from its community. You can get it on Kraken or Binance.

pascalcoin

Pascalcoin (PASC)

#9 It is certainly one of my favourites.  Based on an innovative idea in the crypto environment, Pacalcoin is pioneering a new level of scalability adapted for adoption on a global scale. It was the first cryptocurrency to break the barrier of 100 transactions per second. Pay close attention to its amazing Safebox, an unparalleled tecnology that makes the blockchain way lighter. If you want to learn more about Pascalcoin, visit Pascalcoin, an awesome crypto with a bright future. You can buy Pascalcoin on Poloniex.

qtum

Quantum (QAU)

#10¬†Here is a cryptocurrency of Chinese origin that incorporates a significant added value, which is the reason why it has attracted many investors. It advocates “transparency” and “good governance”. With the support of the Chinese government, it looks like it is going to be listed on coinone. ¬†Qtum’s proposal is to execute smart contracts on the blockchain in an easy, user friendly way. As Leonardo da Vinci put it, “simplicity is the ultimate sophistication”. The team behind published its technical whitepaper ‚ÄĒwhich, by the way, not all cryptocurrency projects have done‚ÄĒ, and is committed to creating a globally influential open source community by cooperating with other blockchain communities, third-party developers, as well as betting on technical innovations. You can purchase Quantums on Binance.

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Honourable mentions

No ranking would be complete without mentioning some other cryptos that deserve to feature among the best ones due to its added value, the team behind or its novelty. So here they are!

moneda digital

Dash (DASH)

Probably somewhat underestimated, it seems to have a great potential as a bargaining chip, since it has a simple interface and transactions are almost instantaneous. It is totally anonymous ‚ÄĒtransactions made with Dash are not recorded. ¬†Along with Monero, this is an interesting crypto for those looking for more privacy. You can buy Dash on Binance.

criptomoneda

Iconomi (ICN)

It is a Cryptocurrency of Slovenian origin.  It is a different project in that it is the first to distribute dividends among the holders of its token, so you can earn in two ways: 1. having Iconomi and 2. with the periodic distribution of dividends (by the way, it is paid in Ethereums). It will probably work in a similar way as an investment fund does. For all that, it is a project that stands out from the crowd. You can buy Iconomis on Binance.

mejores criptodivisas

Tron (TRX)

Based on the Ethereum blockchain, it offers full user control. It has been listed on the YoBit exchange house and integrated in Gifto (a protocol focused on virtual gifts). Last year it grew over 700%. You can buy Trons on Binance.

criptomonedas

Octanox (OTX)

A new kid on the block…chain. Right now you can only buy it on coinmarketcap, though, as far as I am aware, there is also an imminent agreement with Yobit and some talks going on with Bittrex . It intends to be a decentralized exchange and expand to other sectors such as mobile games. Surprisingly enough, an Indonesian group bought a lot of OTX from the ICO (Initial Currency Offering). To be honest, this currency has me a little out of place. We’ll have to wait and see what direction the wind winds. Yes, the cryptocurrencies market is swings and roundabouts, but I’d recommend you keep an eye on Octanox It may cause quite a stir in the near future. You can buy Octanox on Binance.

criptomodena

Maidsafe (MAID)

A crypto currency that, as bold as brass, aims to change the Internet from its same structure, putting an end to the monopoly of data ‚ÄĒand of our information‚ÄĒ by big corporations. So far, Maidsafe has gone unnoticed. Its goal is very ambitious, maybe it wants to bite off more than it can chew.¬† Anyway, just moving further in this direction, would be an awesome breakthrough.

crytoccurency

Lisk (LSK)

They have reached an agreement with Microsoft and their initial offer drew a lot of attention and investment. At the moment, it seems that the evolution of its¬† price is falling short of the expectations raised, but we’ll have to be on the ball sincedeep pockets are backing it. You can buy Lisk on Binance.

This image has an empty alt attribute; its file name is Binance-coin.png

Binance coin

It is a surprisingly consistent utility token, which means its value comes from how useful it is (and how much demand there is for its utility) within the Binance ecosystem. Brendan Eich, the founder, helped create Javascript and is a co-founder of Mozilla Firefox. You can get Binance coin on Binance.

 

A Proof-of-Work (PoW)  protocol is a measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, typically processing time by a computer.

Proof of Stake (PoS) means that a person can extract or validate block transactions based on how many coins they have, i.e., the more cryptocurrencies a miner has, the more power they have.

*****

Marcel Solé · Financial translator, trainer and Blockchain enthusiast

I hope you found this post interesting.

Thanks!

Pascalcoin, an awesome crypto with a bright future

Pascalcoin (PASC), a ground-breaking crypto

I have recently learned about a crypto that I’m quite sure won’t go unnoticed in the coming years. It appeared as though out of nowhere and, suddenly, its transaction volume nearly doubled that of other better known cryptos. It has indeed some awesome features that really drew my attention:

To begin with, Pascalcoin is written entirely in the Pascal programming language, which is an imperative and procedural programming language, designed in 1968‚Äď69 by Niklaus Wirthand and published in 1970.¬† It was named after the French mathematician, philosopher and physicist Blaise Pascal. As for Pascalcoin, the initiator, creator and original architect of the code is Albert Molina.

programming language
Blaise Pascal

A fundamental feature that helps PascalCoin stand out from the crowd  is the payload hash function that can be applied to operations on the chain. Believe me, it is no small feat.

Albert Molina on Pascalcoin

Pascalcoin is a very original cryptocurrency with a groundbreaking new technology called Safebox, which compliments the Blockchain in a way that allows it to be deleted whilst retaining its full cryptographic security. It means that it can achieve infinite scalability. A safebox is where you save amounts of each address through each block of the blockchain.

It was the first crypto to break the 100 transactions per second barrier, pioneering a new tier of scalability suitable for planetary-scale adoption.

If you want to learn more about Pascalcoin technicalities you can visit Pacalcoin: crytocurrency without need of historical operations.

David Bolet, a senior software engineer, Java architect and blockchain developer, has recently launched Pacalcoin’s first wallet. It currently works on Android.¬† I could contact him to ask him a few questions:

David Bolet, the genius behind Pascalcoin’s first wallet

pascalcoin
David Bolet

The first Pascalcoin’s wallet has been recently launched¬† and I took the opportunity to ask some questions to its creator: David Bolet. It is now in its beta version, but already operational.

Why should I download the Pascalcoin Wallet?

David: Pascalcoin is a great crypto, very technically advanced, but it has some barriers for users: the first one is that the wallet is limited to the Windows environment, or, if you like,¬† Linux, but only past a certain level. In addition, you need to have an account in order to get Pascalcoins, and it’s not plain sailing. The wallet brings users closer and makes it way easier to use.

How do you see the future of cryptocurrencies?

David: It goes without saying that there are a lot of cryptos. If you ask me, I don’t think they all will survive. As far as miners and traders go, they can’t bite more than they can chew. As I see it, in the future, we are likely to use the stronger and most widespread ones,¬† cryptos with a big community which are based on a robust software such as Ethereum, Bitcoin, Bitcoin cash, Ripple… and those that offer some special features or an added value… We must definitely pay close attention to Pascalcoin, Iota, Neo…¬† As Stephen Covey put it: “strength lies in differences. Not in similarities”.

Are you currently engaged in any other blockchain projects?

David: Yes, apart from Pascalcoin, I am an active member of a Blockchain community in Barcelona, and I’m very keen on Ethereum, which offers some awesome features,¬† most significantly smart contracts, with unlimited uses, maybe beyond our imagination, that can literally change the world as we know it.¬† We meet on a regular basis and, apart from developers, you can find all kinds of people, from bloggers to professionals from the third sector.

Last but not least… Where can I download the wallet?

David: It is now in its beta version, but already operational. I’ve received feedback from people all over the world, and I would like to seize the opportunity to thank them all for their invaluable support.

Just click on the wallet icon to go to the APP ūüėČ

Thank you very much!

It’s my pleasure.

How to buy Bitcoin, Bitcoin Cash, Ethereum and Litecoin

Coinbase: The easy way to get started with Cryptos (BTC, BCH, ETH, LTC)

If you are reading this, you are probably interested in getting your first cryptocurrencies. You have¬†surely heard of Bitcoin and maybe Ethereum… Perhaps Blockchain rings a bell with you. So now you are wondering how to get your first cryptos.

First of all, you¬†should know you can buy cryptocurrencies such as Bitcoin, Bitcoin Cash, Ether, Litecoin, Iotacoin, Dash… either from exchanges, through mining or directly from other people via marketplaces. In any case, I would advise you not to invest more than you can afford to lose (say, 5% of your income), so that you don’t stay out of the blockchain and cryptos revolution but you properly manage risk in a highly volatile market.

Today I will explain how to get started the easy way, so let’s cut to the chase:

If you are new to cryptos, I reccommend you to get started on Coinbase, since it is probably the most intuitive and easy to understand platform. Coinbase is the world’s most popular way to buy and sell Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and very soon Bitcoin Cash (BCH). Coinbase is a digital wallet where you can easily and securely buy and use cryptos. They take careful measures to ensure that your money is as safe as possible. In addition, if you like, you can get $10 worth of Bitcoin through my referral link for free.

How to get your wallet on Coinbase in three easy steps:

  1. SIGN UP: Create a digital currency wallet where you can securely store digital currency

get Bitcoins for free

Then you’ll be required to take a photo of an official document (Passport, ID or Driving License)

bitcoin bonus coinbase

2. CONNECT: Connect your bank account, debit card, or credit card so that you can exchange digital currency into and out of your local currency.

how to get bitcoins for free

3. BUY DIGITAL CURRENCY: Buy some Bitcoin, Ethereum, and Litecoin to begin using the future of money

get bitcoins

Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and other digital assets with fiat currencies in 32 countries,