There are many ways to earn money. From wages to work, finding them on the street, faking them, and stealing or robbing them. Or, if you were Satoshi Nakamoto – a person with extraordinary talents in computer cryptography, you can create an money. And that’s what he did on the night of January 3, 2009, when he pressed a button on his keyboard and made a new currency called Bitcoin, as Joshua Davis noted in The New Yorker.
According to Davis, Nakamoto once said that he spent more than a year writing and researching software in creating Bitcoin, fueled by his disgust over the financial crisis that hit Japan and a number of other countries that were quite horrendous at the time. He or they, or let’s call it Nakamoto, want to make a currency that does not work on unpredictable monetary policies as they are controlled by bankers and politicians. Through Bitcoin, Nakamoto wants to create an unfocused transaction system or a decentralized system. With the decentralized system, financial circulation is believed to be more robust and independent of one or two parties who have a “special” right in determining global finance.
There are some issues that are so vulnerable when a financial system is controlled centrally, for example through the Federal Reserve – the Central Bank of the United States. Because of this centralization is always problematic. First, there is a hack issue. In a centralized system, if it is hacked one, then down all. While in decentralization, to be totally hacked it needs to be half hacked. So if there are 1,000 servers, then it needs to be hacked 500 simultaneously. Hence, good decentralization is the increasing number of servers (because central it means to control everything).
If a person transacts or stores his wealth in a bank based on a trust in the banking system, then the same applies to Bitcoin with “everything based on cryptographic evidence, not trust,” Nakamoto wrote in his 2009 essay as quoted by Davis. The root of the problem with conventional currency is that everything can work based on trust. The central bank should be trusted not to lower the value of the currency, but the history of the legal currency is full of breach of that belief.
Bitcoin or blockchain will not replace the current system. Because some things stay better with a centralized system. However, if a system that requires two companies to work directly, I think it is better decentralized because it is more efficient. But for such systems banking is better centralized as it requires control. However, the current situation is in cryptography the market is characterized by liquidity, massive volatility and serious asymmetry information among participants. But this makes the market very profitable and attractive speculators. The return of tenfold in less than a year is not uncommon. But this advantage exists sacrificing uninformed users. Success in the crypto market is based on information advantages that few possessed by many.
In recent years, cryptocurrency space has dominated the investment news cycle. Regardless of what certain analysts or investors might think about new trends, the hype cannot be denied. Dozens of new cryptocurrencies are launched every month, and along with these new tokens and coins comes a series of initial coin offerings (ICO). In anticipation of the hype, we need to be vigilant. Here’s how to identify cryptocurrency scams and ICO.
The lure of profit for investors for opportunities continues to grow rapidly, despite the fact that cryptocurrency has suffered a disappointing first quarter in 2018. All these factors combine to attract scammers. Moreover, investors have proven that they are willing to throw money into a highly speculative digital currency, apparently also investing in tokens or ICO scams (scams). For cryptocurrency investors who want to take advantage of new investment opportunities by staying safe from cryptocurrency fraud, ICO and tokens, prospects can be daunting. Blockchain and cryptocurrency technologies are growing very fast, and even experienced investors may find it difficult to keep up with every technology. While there is no guarantee that any cryptocurrency or startup associated with blockchain will be legitimate or successful, CoinAnallyst can help you get stuck from cryptocurrency fraud or ICO offerings. This enables the user to identify opportunities and risks and react promptly and proactively to price fluctuations. The application thus creates a high degree of transparency when it comes to operating in this new and volatile market. CoinAnalyst makes transparent cryptocurrencies. Buy and sell decisions can be made based on valid data and intelligent analysis, provided by Artificial Intelligence. This allows users to identify opportunities and risks and react quickly and proactively to price fluctuations.
CoinAnalyst is a spin-off from Cogia GmbH. Cogia has more than seven years of experience in developing products for smart information search, organization and analysis. As a result of years of cooperation with customers from all fields of economy and public sector as well as cooperation with
scientific institutions such as Fraunhofer, a series of innovative products have been created flexible tailored to the needs of the project. The platform collects all relevant information about coins, from all available sources, continuously and almost in real time. The basis for this is Web Observers, crawling and monitoring system developed and operated by Cogia GmbH such as:
- Forums and Blogs
- Social media sources
- Permanent full-text storage
- Optional: Indexing of print and audio/video
- Always better results through metasearch
- Near real-time
- Making all voices visible
CoinAnalyst provides the collected data and analyses on a structured platform. This establishes a single point of contact for traders to give them the information advantage they need to maximize profits and minimize risk. The analysis will focus on the mood, which is currently the driving force in the crypto markets. All documents/postings are classified according to their sentiment by a machine learning algorithm: negative, positive or neutral. This classification shows the authors’
attitude towards certain coins. Trading tips are also displayed for each coin, based on the data from tradingview.com. The analysis also takes into account whether a buy or sell is advised. For each coin pump & dump, notifications are displayed, as they are mainly made in large Telegram groups. Subscribers can also receive a direct Telegram or mail alert for quick actions.
They create an ERC20 utility token with the short name “COY”, which allows the use of crypto services within the CoinAnalyst ecosystem. Using the COYs within the CoinAnalyst ecosystem will provide additional benefits for the users – and network benefits to further stimulate CoinAnalyst’s growth. COY is used exclusively for the use of CoinAnalyst services.
Initially, tokens do not have any features. Usage to obtain service at The CoinAnalyst ecosystem will only be possible after the launch of the feature corresponds to the roadmap. The dates of the roadmap depend on external factors such as partner settings or regulations and thus can not be guaranteed.
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Author: evilsign eth address: 0x5028c92a61501183ba956e6ccac2275429f17809