https://youtu.be/YgqF0JIAc1U If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn. Author : Bitcoin.com 9. Combining and Splitting Value. Combining transaction amounts will result in more efficient transfers as opposed to creating a separate transaction for every cent involved. In other words, it’d be simpler and more efficient to send three Bitcoins in a single transaction rather than create three transactions of one Bitcoin each, assuming the coins are sent to the same recipient. To allow transaction values (amounts) to be split or combined, transactions can contain multiple inputs and outputs. There can be single or multiple inputs. But there can only be a maximum of two outputs: one for the payment, and one returning the change, if any, back to the sender. This process enables payments with specific amounts. A sender can send Bitcoin payment to another party and get back his/her change, if needed. 10. Privacy. With traditional payments, users attain privacy when banks limit information available to the parties involved as well as the third party. With the peer-to-peer network, privacy can still be achieved even though transactions are announced. This is accomplished by keeping public keys anonymous. The network may be able to see payment amounts being sent and received, but transactions are not linked to identities. Additionally, Nakamoto proposes that a new private key should be used for each . . .
Bitcoin Whitepaper-A Beginners Guide-Part 4
https://youtu.be/YgqF0JIAc1U If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn. Author : Bitcoin.com The new coin rewards nodes - aka Bitcoin miners - for expending their time, CPU and electricity to make the network possible. They can also be rewarded with transaction fees. Nakamoto envisions a limited number of coins to ever enter circulation, at which point miners can be incentivized solely by transaction fees that are inflation-free. New coins also incentivize nodes to play by the rules and remain honest. An attacker would have to expend a ton of resources to threaten the system, and getting rewarded by coins and transaction fees serve as a deterrent to such fraud. Mining gold requires labor, water and equipment and it’s an activity similar to Bitcoin mining. The miners of electronic coins process transactions, for which they are rewarded with new Bitcoins and/or transaction fees. Since a maximum of 21 million Bitcoins will ever be mined, the system can be free of inflation. Therefore, Bitcoin can serve as a sustainable store of value, similar to gold. Compare that to fiat currency, such as the U.S. dollar. Due to inflation, the dollar has devalued nearly 97 percent since 1913. Bitcoin’s incentive program is a mechanism that protects the peer-to-peer electronic payment system. The issuance of new Bitcoin as well as transaction fees keep nodes honest. Because it wouldn’t be worth it to attack the very . . .
Bitcoin Whitepaper-A Beginners Guide-Part 3
https://youtu.be/YgqF0JIAc1U If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn. Author : Bitcoin.com Nakamoto says that proof-of-work at https://en.bitcoin.it/wiki/Proof_of_work is used to implement a peer-to-peer distributed timestamp network (mentioned above). The process scans for a value that when hashed, results in a certain numerical expression. The timestamp network must reconcile this value with a block’s hash. CPU power is needed to satisfy the proof-of-work, and the block cannot be changed without redoing the work. Later blocks are chained after it, and to change the block would require redoing all the blocks after it. The language may be technical but the concept is simple. Proof-of-work is what safeguards the blockchain. Nakamoto says that a hash created by a timestamp server is assigned a unique number that is then used to identify the hash in the blockchain. Inherent in this unique number is a math puzzle that a computer must solve before a transaction can happen. Once a correct answer is given, it serves as proof that the specified work has been done. When someone sends an electronic coin, they must take a hash’s unique number and solve an inherent math puzzle. The answer is then passed to the recipient to check if the solution is correct - an important validation step. If the answer is correct, the payment/transaction takes place and adds to the length of the blockchain. If not, the proposed . . .
Servest and First National Bank join forces in Ghana
Johannesburg, Wednesday, 18 April 2018 - Servest is pleased to announce their partnership with First National Bank, who have integrated card payment systems for parking in Ghana. “This credit/debit card payment facility was initiated by FNB and draws on the technology of the new parking systems that Servest installed at Kotoka International Airport, Accra in 2016”, says Mike Clark, Director of Servest Parking. People can now use their Visa or Mastercard credit or debit cards to pay for their parking at Kotoka International Airport. This is a first for Servest in Ghana and the next step in a number of innovations and new technologies Servest is planning for the parking market in Ghana and the African continent. In Ghana, Servest partners with Parking Solutions Limited. The initial reluctance from banking institutions to come on board has been put to rest as First National Bank has taken the lead in providing innovative ways to pay for parking as part of their improved customer service. The convenience of paying by credit/debit card or cashless payments for parking is increasingly adopted by parkers and no more so than at international airports, particularly for business people on the go. There is no more hassle about change, no cash in hand is needed, receipts are provided, payments are secure, and customers pay the same parking tariff with greater convenience. First National Bank saw the opportunity to extend their market and increase use of cards through Servest’s parking operations. According to Servest’s experience in the airport parking market, card payments for parking can exceed 50% of all transactions. The value of parking transactions at airports is significantly higher than at other typical retail and commercial parking facilities. This makes the payment cost per transaction more viable for banks and is a more convenient way for customers to pay for their parking. According to an article in the New York Times on 10 March 2018, “Ghana is . . .
Bitcoin Whitepaper-A Beginners Guide-Part 2
https://youtu.be/YgqF0JIAc1U If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn. Author : Bitcoin.com The system is secure so long as honest participants collectively control more computing power than attackers/hackers. Nakamoto believes that it’s better to verify transactions rather than trust an external third party, especially when it comes to something as important as money. The irreversibility of transactions provides confidence that the payment system as a whole is robust. Secondly, irreversibility minimizes fraud, he argues. Decentralized computers would prove the exact order of these irreversible transactions, creating user confidence that the records in the electronic audit trail, the blockchain, are valid and accurate. 2. Transactions. In this section, Nakamoto’s description of the electronic transaction process, namely the blockchain, gets technical. In simple terms, he defines an electronic “coin” as a chain of digital signatures. Owners digitally sign a hash at https://en.bitcoin.it/wiki/Hash of the previous transaction and add a public key at https://www.bitcoin.com/info/how-bitcoin-transactions-work of the next owner to the end of the coin. A recipient of the coin, a payee, can verify the signatures in order to verify the chain of ownership. A Bitcoin doesn’t exist anywhere per se, at least not in the traditional sense of physical cash. Rather, Nakamoto’s concept of an electronic “coin” is a . . .
Bitcoin Whitepaper-A Beginners Guide-Part 1
https://youtu.be/YgqF0JIAc1U If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn. Author : Bitcoin.com Read an important announcement about Bitcoin at https://www.bitcoin.com/info/bitcoin-cash-is-bitcoin from Bitcoin.com at The Bitcoin whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, at https://www.bitcoin.com/bitcoin.pdf was published in 2008 by Satoshi Nakamoto. Bitcoin is revolutionizing the $1.8 trillion at http://www.mckinsey.com/industries/financial-services/our-insights/a-mixed-year-for-the-global-payments-industry global payments industry and people around the world are rethinking the meaning of their money. Moreover, the underlying technology and network that process Bitcoin transactions, known as blockchain, at https://www.bitcoin.com/info/what-is-the-blockchain is transforming industries as varied as banking, farming, logistics, healthcare, elections and manufacturing, to name a few. All this is made possible by Satoshi Nakamoto’s ground breaking work published in 2008 which outlines what Bitcoin is and how it works. There are many projects now with the word “bitcoin” in them. The real Bitcoin at https://www.bitcoin.com/info/what-is-bitcoin-cash is the one that is most inline with the original vision of Bitcoin, as presented in the whitepaper. How To Use This Guide. Bitcoin.com offers a simplified explanation of Nakamoto’s work. We provide annotations for all 10 sections of the . . .
The BitCoin BitClub Network Crypto Currency Business-Part 5
https://youtu.be/YgqF0JIAc1U If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn. As a BitClub Network member you have the opportunity to point your mining power to a free pool that is growing fast and steady. The BitClub team of experts are always available and ready to assist and help you mine and be profitable no matter what level of miner you are. You will find that the BitClub Pool is one of the most profitable and well supported pools in the world. BitClub Network continues to offer large incentives and great new effective and efficient practical features that you can take full advantage of. The bottom line is that you must stop wasting your time being unlucky in another pool with another crypto currency mining company that charges you high fees to mine for you. The pools that you can get involved with as a BitClub Network member are as follows. The first pool will cost you five hundred USD dollars, the second one costs one thousand dollars, the third two thousand dollars and the forth 'Founder' pool will cost you three thousand five hundred USD dollars to buy one share in it. Each of these pools will be mined for one thousand days from the date you purchase a share in them. Commissions are paid by each pool to you according to the pool you have bought a share or shares in. With each pool you purchase a percentage of crypto currency mining which is paid to you on a daily basis. The other portion of the . . .
Reckless Credit: Two Sides of the Same Coin
Loans, clothing accounts, expensive furniture buys and credit upon credit. The South African consumer’s debt struggle is heart-wrenching and unfortunately very real. According to the National Credit Act (that aims to be fair and non-discriminatory), all consumers have the right to apply for credit (section 60). Be that as it may, credit providers and consumers have to do everything within their power to avoid debt escalating as a result of reckless lending OR borrowing. The National Credit Regulator (NCR) indicates that the total outstanding consumer credit in South Africa was R1.73 trillion at the end of September 2017. And, credit bureaus held records for 25.08 million credit-active consumers where 9.87 million consumers reflected impaired records. Matthys Potgieter, spokesperson and debt expert at DebtSafe, says reckless credit can be described as two sides of the same coin - for one, creditors may be responsible for ‘reckless lending’. They therefore need to take caution, using their discretion when approving credit. And, secondly, consumers should not be counted out when it comes to ‘reckless borrowing’. Consumers are in control of their own finances and have to take responsibility when applying for credit. The following sides of the reckless credit coin should be taken into account: Creditors • Credit providers should not deliberately or negligently enter into an agreement with a consumer knowing that it could cause or aggravate over-indebtedness. • Credit providers are protected by the National Credit Act if they followed the necessary steps to determine if a consumer is eligible for credit (like a loan). • Credit providers’ credit policies differ and each provider should make sure that careful discretion is used when granting credit to a consumer during their protocol. Consumers • Consumers have to be sure, when applying for credit that they can really afford it. They can do the necessary research beforehand and shop around for better . . .
The BitCoin BitClub Network Crypto Currency Business-Part 4
https://youtu.be/YgqF0JIAc1U If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn. Anyone can 'Stake' and make their own brand of crypto currency coins and be rewarded with a newly issued ClubCoin created and managed by the BitClub Network. All you have to do is download a wallet and keep the wallet online to process the transaction. This uses your computing power to distribute and verify the network and you get rewarded for doing so. ClubCoin uses open source code which means that everything is public and can be checked. This is what makes Digital Crypto Currencies so powerful. Everything is transparent and available for viewing. Nobody has any more authority than anybody else. Your authority only comes, based on how much ClubCoin you are holding and 'staking'. Anyone can be part of this network. Many people become members of the BitClub Network and all they want to do is purchase a share or shares of any of the five currently available mining pools, in order to take advantage of the associated profits that will be generated by BitClub for them from BitClub's BitCoin and other crypto currency mining and selling. However, those BitClub members who want to promote the opportunity, there is a back office with related marketing tools, which will help them to do so. The BitClub mission is to help anyone cash in on BitCoin Mining as Blockchain technology becomes mainstream. BitClub Network has been running on of . . .
The BitCoin BitClub Network Crypto Currency Business-Part 3
https://youtu.be/YgqF0JIAc1U If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http://bitclub.network/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at http://clyde-thorburn-seo-specialist-johannesburg.strikingly.com/#contact-clyde-thorburn. Unlike many other BitCoin Mining Pools spread around the world, BitClub see themselves as a global network that does not exclude anyone on the planet who wants to become part of the BitClub Network BitCoin and crypto currency investment business. Some of the other pools in the world have closed mining centres. An expensive component of crypto currency mining, including mining BitCoin, is electricity and electricity is very cheap to purchase and use in Iceland. Genesis mining and BitClub facilities are located next to each other in Iceland. These two companies collaborate in hardware purchases leaving little space for competition. Together they make close to eighty million USD dollars a month in hardware purchases. BitClub has already mined one hundred and seventy million USD dollars' worth of BitCoin and is currently mining one hundred and thirty five million USD dollars' worth of BitCoin a year, which is six percent of all BitCoin Mining currently excavated worldwide. BitClub has also mined two hundred million USD dollars' worth of Ethereum and thirty million USD dollars' worth of other coins like Zcash and Monero. All this information is completely verifiable on the public Block chains of all the respective crypto currencies. BitClub currently mines three percent of the total crypto currency global market share. BitClub . . .
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