The economic and political arena for digital currency has never been better. As the global move away from cash toward digital currency increases aka “the War on Cash”  (see our article  on Sweden, India, China going cashless),  cryptocurrency has become freedom from fiat currency inflation, devaluation, elimination and confiscation. 

Best selling author, Ed Ludbrook, states that the Trump Presidency is a boon to cryptocurrency. Not only is President Trump against government regulation of digital currency, he has his own coin. Not surprisingly, the coin is named, “Trump Coin”.

The various cryptocurrencies have their own unique story and appeal, such as the unexpected success of the Dogecoin. Currently in the top ten, the Dogecoin or “Dog”, which began as a joke is now 40% of the South African economy. Also, for the last seven year, the M-Pesa has had a massive impact in Kenya. At the top of the pack are Bitcoin, OneCoin™, and Ethereum, with Google’s Ripple coming in at a distant fourth. Those who purchased Bitcoin early are lucky indeed, since Bitcoin is no longer considered a “mining opportunity” and its price places it out of the reach of the general population. As recently as of Spring 2015, a Bitcoin miner could look at investing $10,000 in equipment and software plus three months of personal mining time for a $12,000 return.

 

Google, Firefox and Safari are all use-friendly search engines, but are not “Re-Search” engines. They are for-profit business who charge for top search results. False negatives abound. Try searching for “High-Profile Company ABC is a scam” and note the plethora of results. In truth, the Internet is the world’s largest bathroom wall.

For each search result always check for:

  1. Spelling/grammar:Is this article written by a true journalist?
  2. The Author: Is there a transparent person behind the article?
  3. Credentials: Is this written by someone with a journalism background? What other publications has he/she written for?

Legitimate online research can include Amazon’s Alexa.com for the popularity of any given site. The statistics from the Amazon Research site don’t lie and may surprise you. 

 

 

For current status: www.xcoinx.com

As recently as mid 2016, millions of coins were hacked from a large funding site, demonstrating the vulnerable of cryptocurrency using open-source (decentralized) mining. With decentralized mining (ie. Ethereum and Bitcoin), anyone with the software and technical skills can access the open software to mine coins. Apple proved the superior security of closed-source or “centralized” software in the 1990’s. Originally Apple received great criticism for this decision since Microsoft shared its code openly. Apple had the foresight to see that this decision would protect it from the hacking and viruses now associated with Microsoft products.  One Life has used similar foresight. OneLife™ Company features centralized mining for its OneCoin™ cryptocurrency and for one month offered 100,000€ to anyone who can hack into their  OneCoin™ blockchain with no takers proving the OneCoin™ blockchain is the most secure in the world. The centralized mining is also necessary for becoming user friendly enough for the masses to use. “Let someone else do the mining” is a slogan associated with OneCoin™ cryptocurrency.