Month: December 2018


Australian City Plans Unique Bitcoin Project

It is important that citizens also have the opportunity to pay their taxes in Bitcoin. At least two of the 12 Council members have already expressed their support.

The Australian city of Launceston plans to build the world’s largest local Bitcoin revolution

Support from local businesses and government has already been announced for the Launceston Launch project. The organizers of the project say the Tasmanian city with its 106,000 inhabitants is perfect for this test. The plan is to divide the Bitcoin revolution supply chain into different levels. Users should have the opportunity to receive and spend Bitcoin revolution. It is not planned that Bitcoin will generally have to be exchanged back into the local currency.

It is important that citizens also have the opportunity to pay their taxes in Bitcoin. At least two of the 12 council members have already expressed their support.

Project manager Adam Pulton has already talked about Bitcoin’s great potential to put the city, which otherwise never appears in the international press, in the spotlight:

“Bitcoin is a currency that is already being used in all developed countries and has moved more than 200 billion US dollars in the last 12 months. It’s time that Launceston also got its share.”

This project, coupled with other tourism and real estate projects, plus a social media campaign, could attract more wealthy tourists to the city who would be encouraged to spend Bitcoins.

The Launceston Launch project should end up being a closed system that starts with the Bitcoin acceptance by the retailers, who then transport the acceptance to other retailers in the supply chain. In the end, the cycle should remain within the city until the cost advantage is realized.

The Bitcoin payments and, if necessary, the conversion of Bitcoin into Australian dollars will be handled by the Sydney-based Bitcoin payment processor BitPOS.

Premium Bitcoin loophole Sponsors Have Already Signed

At least two Bitcoin loophole companies have already signed up for a “Gold Sponsorship”. This includes Dr. Roger Bernard, a surgeon who has been studying and observing Bitcoin loophole according to onlinebetrug since the beginning of 2013.

Bernard said:

“I’m a big fan of the Launceston Launch project and that’s why I signed up directly as a Gold Sponsor.”

Bitcoin could also help him expand his skin care distribution internationally, Bernard said.

Growing interest
Dale Dickins, an avowed Bitcoin enthusiast and documentary filmmaker from Melbourne, is also planning a public awareness campaign. At the same time, four Bitcoin vending machines are to be installed, the number of which will be increased as the project progresses.

Marketing will focus primarily on female consumers aged 25-45, as this group makes the most use of their smartphones and visits all kinds of shops.

Initial reactions from the shops have been quite positive, Poulton says. Although general attention is still quite low, businesses are slowly beginning to realize the potential for cost savings and the convenient benefits of the digital currency, Poulton added.

There are several locations worldwide that have launched similar projects to further promote Bitcoin. These include projects in The Hague (NL), Bali (Indonesia), Jersey and the Isle of Man.

Iranian Central Bank bans crypto currencies

The Iranian central bank forbids the banks and financial institutions of the country to use crypto currencies. This was reported by the state news agency last Sunday. The decision is primarily intended to combat money laundering, according to the press release. At the same time, however, the depreciation of its own currency, the Iranian rial, is likely to play a pioneering role.

The Iranian Bitcoin revolution has been depreciating massively for weeks

The hesitation has come to an end: after the Iranian Bitcoin revolution on the international foreign exchange markets suffered severe setbacks of recently almost half its Bitcoin revolution value, the country’s central bank takes action. As the state news agency reported last Sunday, the Iranian central bank CBI is now banning the country’s banks from using crypto currencies. The decision is tantamount to a ban on Iranian crypto users. Officially, the aim is to counter the criminal potential of the currency alternatives.

That’s what the memo says: “Virtual currencies can be used for money laundering, terrorist financing and the exchange of funds between criminals.”

Furthermore, the central bank justifies concrete need for action due to a lack of state supervision:

“Bitcoin is subject neither to regulatory rules nor to the legal framework of any country and no government or bank monitors or controls it worldwide.

The ban marks a sudden turning point for crypto users in the country. In the course of last year, Iran initially adopted a hesitant attitude towards crypto currencies, which are very popular in the country. Several times it had been stated that it wanted to take regulatory action, but had refrained from a ban until here.

However, a clear headwind had arisen at the beginning of the month in the wake of the Telegram ICO. Hassan Firouzabadi of the Iranian High Council for Cyberspace, for example, expressed criticism. He accused Telegram of posing a threat to the Iranian economy and undermining the Rial.

Gamechanger nuclear deal: Bitcoin revolution in crisis

The fact that the central bank has now finally taken the rigorous step is due to the country’s double-edged economic situation. Iran is currently convincing in terms of economic growth and Bitcoin revolution development indicators. Uncertainty about the Bitcoin revolution scam situation in the country, especially in the wake of the offensive foreign policy, however, has left President Ruhani’s plans for Western investment to fade away.

Rather, the unequal distribution of prosperity has attracted thousands to the streets since this year, driving the population to non-state pay alternatives such as Bitcoin.

However, the currency is groaning under a heavy load. For weeks the Iranian rial has been depreciating massively against the US dollar on the international currency markets. The most likely reason for the trough is the possible resumption of currently suspended US sanctions on Gulf oil.

These will be on ice until May, but then a groundbreaking decision for Iran will be made: that of the Americans on the international nuclear agreement with Iran.

EU members led by Germany and France are currently negotiating with the US president and advertising the deal, which Trump repeatedly publicly rejected in the election campaign.

At the end of March, however, there were indications that Iran was threatened with dark omens despite the maintenance of the agreement and the absence of new oil sanctions by the Americans. It became clear that Europeans could also introduce new sanctions as a concession to Trump’s criticism of Iran.

Tehran should fill this with great concern. Tehran is now putting a stop to such excuses this week, because the Iranian citizens could evade the currency collapse with Bitcoin & Co. and ultimately fire it up themselves.

What actually happened to Slock.it?

The crypto scene is also known for its fast pace – new blockchain projects are springing up like mushrooms, other stars in the crypto sky are burning up just as fast as they have risen. In our series “What has become of …?” we want to deal with projects at regular intervals that have become a bit quieter recently. We want to find out what the current status is like and whether we will hear more about the topic again in the future.

In the current issue we dedicate ourselves to the news spy

The idea behind the business model of the German blockchain start-up Slock.it is as simple as it is innovative. Locks with programmable interfaces should be linked to the news spy via these interfaces. The locks should then be able to be opened and closed again via smart contracts that run on the news spy. As the name Slock (Smart Lock) suggests, it is hoped that this will revolutionise the use of locks. In the last few years we have followed the start-up, including two interviews, over and over again. It’s high time we looked at it again and brought ourselves up to date.

Slock.it, Ethereum and the Bitcoin secret

Until the beginning of 2016, Slock.it was just a small start-up of the two brothers Christoph and Simon Jentzsch from the small German town of Mittweida. Until then, the only big idea was behind the Bitcoin secret project – intelligent door locks (https://www.forexaktuell.com/en/bitcoin-secret-scam/) that can be paid for, opened and locked using Smart Contracts via the Blockchain. However, when it came to finding a sustainable financing method for the growth of their company, the brothers had an idea that would change not only their company but also the cryptoscene itself forever.

Of course, we are talking about the DAO – the Decentralized Autonomous Organization. In general, this term describes an organizational form that functions completely independently of individuals on the basis of Smart Contracts. Specifically, it is about the showcase project of the Venture Capital Fund, which was built by the Jentzsch brothers on the Ethereum Blockchain. This idea was initially so successful that in the first month it generated an equivalent value of more than 150 million US dollars. Stateless and independent, the investors of the DAO were entitled to manage their deposits themselves. Nevertheless, the financing of Slock.it was also a motivation behind the project.

Slock.it after the DAO
The end of the DAO’s history is well known and has been intensively researched by us (among others in the first part of this series). After the hack Christoph and Simon Jentzsch and their start-up Slock.it went on. They continued to specialize in expanding the basic idea of the intelligent, self-administering lock. A first application would be self-let apartments – a kind of Airbnb without the people behind it. The same concept can also be applied to cars or other rentable objects. Depending on technological progress, an autonomously driving, self-renting car could be imagined as a modern taxi – controlled via Smart Contracts on Ethereum.

The Slock.it project is now supported by the Innogy Innovation Lab and Siemens. The cooperation with Innogy is based on the concept previously developed with RWE. In one seed, the company secured a funding of two million US dollars to secure the financing of its projects even after the DAO burst.