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      "body": "Congratulations @nextgenguy! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@nextgenguy/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@nextgenguy) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=nextgenguy)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "parent_permlink": "cryptocurrency",
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      "permlink": "forbes-crypto-rich-list-is-a-make-do-story-for-clicks",
      "title": "Forbes Crypto Rich list is a Make-Do story for clicks",
      "body": "<html>\n<p><img src=\"https://i2.wp.com/www.crypto-news.in/wp-content/uploads/2018/02/forbes-richlist-cryptonews-cover.png?fit=700%2C400\" width=\"700\" height=\"400\"/></p>\n<p>Last week, Forbes released a list of the richest people in Crypto. The list had only prominent names because it was not a legit Crypto Rich list. It was a list of people we know to have invested early in Cryptocurrencies. There is no way to verify how much they hold since only a few of them agreed to prove their wealth.</p>\n<p>This list is a poor attempt from Forbes to cook up a random list of influential people in cryptocurrencies who are also rich rather than a list of people who are actually rich. With the decentralised nature of Cryptocurrencies, there is absolutely no way to verify how much a person owns or who owns a vast amount of Cryptocurrencies unless they come forward and disclose it themselves.</p>\n<p>There are so many Millionaires and Billionaires from Crypto out there, and it’s just not possible to find who they are. Also, Forbes claims to have honed their methods in 36 years of tracking the world’s richest people which makes them the right person to compile a list of Crypto Rich people.</p>\n<p>We’re not sure why such a list is needed when there’s no way to verify accurately verify Crypto Wealth and the numbers are way off the mark. But the article mentions a bunch of reasons like <em>‘Fortunes of this magnitude should not be allowed to lurk in the shadows’</em>. This is no reason to put out an article which is full of inconsistencies and has no science behind it. Forbes is not actually listing out the rich people who are hiding in shadows because they don’t know how to. Instead, this is just a list of people everyone know to be rich for investing early in cryptocurrencies and random numbers next to them.</p>\n<p>Another reason Forbes Editor gives for such a list is, <em>‘Our list provides a snapshot of a pivotal moment, part of the transparency needed to pull crypto away from its provenance as the favourite currency of drug dealers and into the adolescence of a legitimate asset class.’</em></p>\n<p>No. Cryptocurrencies are already an adolescent asset class due to the futures options launched in multiple markets, and it is estimated that a very small amount of transactions are done by drug dealers. But there is no way to verify this, and similarly, there is no way to verify the money being used by Drug dealers in the form of cash for decades.</p>\n<p><strong>Cryptocurrencies have always been backed by Blockchain. It does not need an inaccurate list from Forbes to make them legitimate.</strong></p>\n<p>This list just looks like a PR stunt to cash in on the clicks from writing on Cryptocurrencies. Most mainstream media sites have been cashing in on hits from poor representation of Cryptocurrencies. Cryptocurrencies are worth something and a lot of people have been losing money due to poor journalism from the media sources they trust. It is important we bring some standards while reporting about Cryptocurrencies since a bad piece of information can cost someone their savings. We’ve been calling out poor journalism and will continue to do so in future.</p>\n<p><em>Originally published at </em><a href=\"http://www.crypto-news.in/opinions/forbes-crypto-rich-list-poor-attempt-get-hits/\"><em>www.crypto-news.in</em></a><em> on February 8, 2018.</em></p>\n</html>",
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      "parent_permlink": "blockchain",
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      "title": "Blockchain cannot exist without Cryptocurrencies",
      "body": "<html>\n<p><img src=\"https://i0.wp.com/www.crypto-news.in/wp-content/uploads/2018/02/blockchain-bitcoin-cryptonews-cover.png?fit=1200%2C630\" width=\"1200\" height=\"630\"/></p>\n<p>Technically, Blockchain can exist without Cryptocurrencies, but they have little credibility and definitely cannot be used for public use. When regulators say they want Blockchain and not Cryptocurrencies, clearly they have no understanding of both. Private Blockchains may be used on the back-end for businesses in a private environment. But they definitely cannot be used storing public data.</p>\n<p>Blockchain consists of a network of nodes, where information is created in blocks. Once a new block is created and verified by all the nodes, it is entered in the BlockchainThis block once entered cannot be edited or altered without the other nodes knowing about it.</p>\n<p>A private blockchain lets companies deploy their own blockchain. It would require multiple nodes and no reward to run these nodes. So it requires the company to convince its partners and customers to deploy nodes. Even then, they know where these nodes are, making it easy to manipulate the data.</p>\n<p>A private blockchain can be formed through an agreement between multiple companies. But there is no way to prevent network abuse since the creation of blocks are free.<br>\n</p>\n<p>A public Blockchain like Ethereum on the other hand, gives incentive for people to run their nodes and these nodes are run anonymously. Miners run the nodes and they are awarded with Ethereum in return for maintaining the network. There is absolutely no way to mess around with the data on Ethereum’s Blockchain since there are too many of them across countries and no way to locate them. Also, there’s a small fee to add new data to ensure the network is not abused.</p>\n<p>Ethereum has faced heavy scaling issues. It definitely cannot be used by enterprises in it’s current state. We need a better solution, which is public at the same time.&nbsp;</p>\n<p>A private blockchain might work inside enterprises if they’re happy with a what they’re getting. A bank may want to have it’s internal accounting on a private Blockchain. It would just make things harder to be manipulated with. Just not impossible. It would be better than current services in place.</p>\n<p>But for things like identity verification, land registration and voting which requires absolute trust, it has to be on public blockchain. When a government wants to use the blockchain, there should be absolute transparency and assurance that it cannot be messed around with. This is only possible with a Public Blockchain.</p>\n<p>If the government wants to use Blockchain to prevent voter fraud, it has to be on a Public Blockchain system to make it tamper-proof.</p>\n<p>Another example is <a href=\"http://www.crypto-news.in/news/blockchain/canadian-government-testing-blockchain-enhance-transparency/\">Canada's attempt to enhance transparency</a>. The National Research Council will record all grants and funds given out on the Blockchain to make sure people know how the taxpayer's money is being spent. Here, the government chose to use Ethereum and not a custom private blockchain which makes this data trust-worthy.&nbsp;</p>\n<p>This is why regulators should carefully consider Cryptocurrencies before banning them. Blockchain is an amazing technology which is set to change the way data flows and we interact with things with future. But Blockchain innovation cannot happen without cryptocurrencies. Both the American and South Korean regulators recognise this and I hope Indian regulators also realise this soon as they’ve set aside Crores of Rupees this year for the development of Blockchain.</p>\n<p>Liked what you read? Join us on&nbsp;<a href=\"https://t.me/joinchat/HaY2NREpUEX8cqCJi3Wizw\">Telegram</a></p>\n<p>This post was originally published on <a href=\"http://www.crypto-news.in/opinions/blockchain-cannot-exist-without-cryptocurrencies/\">Crypto-News.in</a></p>\n</html>",
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      "body": "Thanks for the advice. \n\nMy reason for joining is this. I run a tech publication where it’s only appropriate to write tech. But I like to write about a lot more things and I thought let me try writing them here :)",
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      "body": "welcome to the steemit community, hope you will enjoy it and have a wonderfull time here^^ followed you and upvoted, would be nice if you could do the same 😊😊",
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      "body": "###### ***© copyright - all rights reserved by @tinashe***\n<center>&nbsp;Welcome to this incredible platform, hope everything will work out for you. Being here it’s not easy but not difficult neither only an extra effort will go a long way, engagement is the key good luck I’m @tinashe Start by Following ,Upvoting &amp;Resteeming people and they will do the same.&nbsp;</center>\n\n### <center>JOIN BITCONNECT NOW AND CHANGE YOUR LIFE \n![bitconnect1.png](https://steemitimages.com/DQmZw142RKVpfrRsKM3bpeGrELNXDy8mEvJYZ22nM9NzyWy/bitconnect1.png)\n&#128073;  [CLICK HERE TO JOIN MY TEAM]( https://bitconnect.co/?ref=Tinashe)</center>\n### <center>&#128073;  [HOW DOES IT WORK ?]( https://www.youtube.com/watch?v=Dwd61fx9dis)</center>\n\n<center>*Thank you*</center>\n<center><a href=\"https://steemit.com/@tinashe\"><img src=\"https://s6.postimg.org/ntve9iqo1/tinashe.gif\"/></a></center>\n<center>CLICK&#128070; HERE</center>",
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