Find the full video below or feel free to read this post. (For international, non-English speakers, I created this post to help you translate it into your native language within your browser from English. Please be aware that though translation is helpful, it's not always perfect).
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More Bitcoin Mining Activities
Next, turning our focus to Asia, we will go to Russia where Russian Miner Coin ICO wants to compete with China over mining supremacy. [1] A Russian ICO called Miner Coin plans to build mining stations to create Bitcoins. Their plan is to take market share away from Chinese Bitcoin mining companies. It appears that with the Russian government’s involvement to some capacity, this will help Miner Coin utilize the excess amount of unused electricity produced in Russia.
This would definitely be a favorable condition for the ICO. And if the Chinese Bitcoin luck has run out, at least they still have their NEO (N.E.O).. The NEO token is currently priced at $50.00 (USD) at the time of this video. It currently takes the 6th place on the Coin Market Cap. (As of 8/18/2017, NEO is priced at $35.00)
3 Months for US Customers to Vacate Out of Bitfinex
Flying down from Russia, we now enter China, the birthplace of NEO. Here Bitfinex, a Chinese cryptocurrency exchange, is kicking out US customers due to stringent US financial regulations. [2] I mentioned on my show that it is quite possible that we will see these exchanges backing away from the US due to regulatory suits from both the US government and its citizens. So, if you guys have been following up with the news on my channel, none of you should be surprised about this like everyone else out there on social media.
Flying down from China to India, the gold capital of the world, Bitbay, Poland’s largest Bitcoin Exchange by volume is trying to enter the Indian cryptocurrency markets. [3] Bitbay will try to establish itself over there by the end of August to open an exchange. India is a ripe environment for this Polish company as the country provides the following:
- Population of around 1 billion people.
- The government stopping the circulation of 80% of its physical cash during the day of Donald Trump’s election, thus making its citizens go more electronic.
- Country’s fast adoption towards technology.
Australian Children Learning About Blockchain Technology
Flying down from India to Australia, one Australian primary school is teaching students in a socially, depressed area about cryptocurrencies. Concepts like understanding what is blockchain technology, proof-of-existence, voting on the blockchain, programming and verification will be reinforced, which to me sounds too much for a 7-year-old... but what the hell do I know. [4]
This information comes from Samuel, a reporter from Bitcoin News Dot Com. This primary school program is called “School on the Blockchain.” It plans to provide students with many opportunities to explore Bitcoin and Cryptocurrency technology. The program will be comprised of the following initiatives:
- Learning QR code building and java coding.
- How to work with safe, secure, and unchangeable artifacts using the Steemit blockchain.
- Proof of Importance. This is where a voting system will be set up to allow students to vote on what computer hardware they purchase for the school.
- Proof of Existence. For example, students will be able to prove if something they have taken, for example like a photo belongs to them.
- Learning how to build full nodes for various blockchains in each classroom.
- Explore concepts of a blockchain via virtual reality equipment.
Further, this facility will be built out of shipping containers made to look like a physical blockchain.
Looking at the core of their curriculum guys, what I take from this is teaching students how to vote early with the use of technology and blockchain. So, maybe we might all be able to vote at home one day since “blockchain” is safe. I am just being facetious.
It was noted that one student in the article mentioned whether it is possible to push “universal basic income” with this technology. So, be aware guys in Australia. There is a bit of an agenda going on here. The area of where the school is located supposedly is a low socioeconomic area, where the article states, “Historically, this would mean that majority of the students at a school like ours would live their lives in low socioeconomic circumstances.”
So, guys, this school to me sounds like one those social experimental studies camouflaged with nice technology. Whether that’s a good or bad idea, I will let you guys decide on that. So, what do you think about the following ideas:
- Voting on the blockchain
- Universal basic income
- Identity Verification
Alright gentlemen and the few ladies out there…You can check out references to all this information on Steemit. Thank you for either watching or reading this info. Lastly, you can subscribe/like on YouTube or Follow me on Steemit for more information.
Nick is a content creator for Sobuka with a background in programming, information technology, finance and digital forensics. He shares interest in cryptocurrencies by reporting on International Affairs. You can find Nick, B, and Sarah time to time here.
[1]. “Russian Miner Coin Wants To Challenge China for Bitcoin Mining Supremacy.” Sterlin Lujan. 8/13/2017. https://news.bitcoin.com/russian-miner-coin-wants-to-challenge-china-for-bitcoin-mining-supremacy/
If you like this article, you may be interested in the following Steemit post(s):
"Bitcoin Silicon Valley May Be Moscow. Australia Legitimizes Bitcoin. Korea Mining & South Africa." By Sobuka. https://steemit.com/bitcoin/@sobuka/bitcoin-silicon-valley-may-be-moscow-australia-legitimizes-bitcoin-korea-mining-and-south-africa
"1 Bitcoin = 2.60 oz of Gold. Australia Venezuela Mexico South Africa India and Kenya." By Sobuka. https://steemit.com/gold/@sobuka/1-bitcoin-2-60-oz-of-gold-australia-venezuela-mexico-south-africa-india-and-kenya
"North Korean Bitcoin Miner. WTF?! South Korea Helps Prop Up Bitcoin Prices." By Sobuka. https://steemit.com/korea/@sobuka/north-korean-bitcoin-miner-wtf-south-korea-helps-prop-up-bitcoin-prices
[2]. “Bitfinex Drops US Customers.” Kevin Helms. 8/11/2017. https://news.bitcoin.com/bitfinex-drops-us-customers/.
If you like this article, you may be interested in the following Steemit post(s):
"Korea Legalizes Bitcoin. South Africa Regulates BTC. Trump Trade Impacts Latin America. And DubaiCoin." By Sobuka. https://steemit.com/korea/@sobuka/korea-legalizes-bitcoin-south-africa-regulates-btc-trump-trade-impacts-latin-america-and-dubaicoin
"SEC's Decision On Bitcoin and Cryptocurrency Market. DOA & Cryptsy Hack." By Sobuka. https://steemit.com/sec/@sobuka/sec-s-decision-on-the-bitcoin-and-cryptocurrency-market-doa-and-cryptsy-hack
"Biggest Bitcoin Cash Losers - Ignorant, Poor, and "Tied". BCC Killers. India Panel." By Sobuka. https://steemit.com/bitcoincash/@sobuka/usd700-bitcoin-cash-biggest-bitcoin-cash-losers-ignorant-and-poor-india-panel.
[3]. “Bitbay Exchange Enters Indian Cryptocurrency Markets.” Samuel Haig. 8/13/2017. https://news.bitcoin.com/bitbay-exchange-enters-indian-cryptocurrency-markets/
If you like this article, you may be interested in the following Steemit post(s) on India:
"1 Bitcoin = 2.60 oz of Gold. Australia Venezuela Mexico South Africa India and Kenya." By Sobuka. https://steemit.com/gold/@sobuka/1-bitcoin-2-60-oz-of-gold-australia-venezuela-mexico-south-africa-india-and-kenya
"Biggest Bitcoin Cash Losers - Ignorant, Poor, and "Tied". BCC Killers. India Panel." By Sobuka. https://steemit.com/bitcoincash/@sobuka/usd700-bitcoin-cash-biggest-bitcoin-cash-losers-ignorant-and-poor-india-panel
"https://steemit.com/bitcoin/@sobuka/let-s-talk-about-segwit-baby-india-antshares-bitcoin-pmc-ounce-and-fomo." https://steemit.com/bitcoin/@sobuka/let-s-talk-about-segwit-baby-india-antshares-bitcoin-pmc-ounce-and-fomo
[4]. “Australian Primary School Students Explore Bitcoin.” Samuel Haig. 8/11/2017. https://news.bitcoin.com/australian-primary-school-students-explore-bitcoin-and-cryptocurrency-technology/