01-23 23:33 - '#CIA = #Bitcoin = HITOSHI HOAX - VC Funded StartUps to prevent the collapse of the Dollar in the digital currency age. #FedCoin = #Bitcoin (4 Wallets control wealth creation or 80% of all Bitcoins)' (linkedin.com) by /u/My30sblog removed from /r/Bitcoin within 13-23min
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Dogecoin was mentioned in the second biggest Japanese newspaper, Asahi Shinbun, last Wednesday. Article and translation in this post.
BACKGROUND: Asahi Shinbun is Japan's second biggest newspaper. It published an article about cryptocurrencies and their different varieties last Wednesday (May 28). The text is fairly positive about digital currencies (different regional editions chose less sensationalist headlines, too) and mentions Dogecoin's bobsled sponsorship and that it has "a Japanese Shiba Inu mascot". It is great to see it mentioned with positive connotations, given the little traction that digital currencies and Dogecoin have seemed to have in Japan. It makes me wish we had a Japanese version of our homepage. Note that we were mentioned alongside Bitcoin and Litecoin as usual and Peercoin, while it had a higher market cap and got into the "main cryptocurrencies" table, did not make it into the text. Such is the power of our charity and amazing Doge. To the moon. A picture of the original article is here. A different version (nearly identical text, nicer headings) is here. A typed version of the article (so you can brush up on your Japanese if you like) is in this comment. Typos are likely, feel free to correct. The translated article is below.
The virtual currency bubble era
Targeting Bitcoin. Over 200 worldwide. The virtual currency Bitcoin (see footnote) received a lot of attention when the Tokyo-based virtual currency exchange Mt. Gox in Tokyo went bankrupt in February. One after the other, identical virtual currencies are being born. At more than 200 different types, it is a veritable "virtual currency bubble". One of them is even from Japan. From Japan’s "2 -chan" Sunday in mid-April, the communal building in Tokyo's Nihonbashi was crowded with about 50 young people in their teens and twenties. It was a meeting of Monacoin users, a virtual currency created in Japan in January. "CD15MONA " . All over the room, people were selling cakes and books they brought with them for Monacoin. They used a wallet application on their smartphone or tablet to send and receive their coins. The currency was created on the internet forum “2chan”. The basic mechanism is the same as Bitcoin, and there is no central publishing facility or manager. A 17 year old high school student (third year) came from Fukuoka to participate. ”The users are mostly young people. The feeling that we’re creating something is very fun.” Bitcoin, the most common virtual currency, began to be used online in 2009. As it allows faster and cheaper transfers between individuals without using credit institutions, it spread in the Western world. In Japan, too, you can use it in about 30 stores, such as restaurants and hair dressers. The specialty of Litecoin, which is based on Bitcoin, is that it allows for faster transfers. Its market capitalization of 300 million US dollars is second only to Bitcoin's, but its price is only 1/25 (4%) that of Bitcoin. The virtual currency Dogecoin uses a Shiba Inu as its mascot. According to foreign media, it became popular by sending the Jamaican Bobsled team to February’s Sochi Olympics through Dogecoin donations. According to a website collecting the world’s virtual currencies, over 200 virtual currencies currently exist. Each are traded inside particular groups, but there are also a few whose state of management is uncertain, and care should be taken when using them. Hitoshi Okada, Associate Professor of National Institute of Informatics and an expert on the functioning of virtual currencies, states: “Many will be weeded out by natural selection in the market. The extent to which a coin’s exchange market is developed is key to its survival.” National regulations are loose Both Japan and the United States agree that the most representative virtual currency Bitcoin is “not currency”. In the United States, where the monitoring of money laundering is severe, unlicensed funds moved into the country are seized. In May 2013, about 500 Million Yen have been seized by the US government after affiliate companies of the now bankrupt Mt. Gox have sent repeated undeclared transfers. In March 2013 “FinCEN”, the financial crime investigation agency of the US Treasury Department, had released guidelines for the necessary registration of virtual currency exchanges. In Japan, responsible authorities have not even been decided yet. At a conference at the end of April, Minister of Finance Taro Aso said, “(The Agency) has not finalized the formal procedures. There are only talks and meetings.” The government’s position on regulation is that “if there is a need, we will investigate the appropriate response”. As many virtual currencies’ creators and managers are unknown and there is no specific target to regulate, many countries struggle to find a solution. Some say that in order to make the best use of a new technology, regulations should be kept minimal. (footnote)Virtual currency “Money” used by specific groups, on the internet or in video games. Based on the structure of Bitcoin, it enables transfers between individuals without using any intermediary financial institutions, and thus allows for faster and cheaper transfers. However, unlike currencies such as the Yen and Dollar, there are no special publishing and managing institutions, and no authority required to back transactions. The price changes constantly due to supply and demand.
Bitcoin was designed as a decentralized system, servers across the world running Bitcoin. And running big pools of miners isn't what hitoshi was having in mind. That's why we are having troubles with scalability, we are turning a decentralized into a centralized system. And do you remember why we create Bitcoin?, Yes, to avoid centralization. Ps: A pool count as a single miner or as the total of miners that have?
According to widely acknowledged history of origin of bitcoin system Nakamoto was a highly skilled scientist (or group of scientists) who have found a Niko’s designing concerning Bit Gold and thought up an idea of its improvement, he has published technical description of bitcoin and decided to embody it by designing of unique bitcoin customer. . Changing of date of publication of articles ... Want to join the Bitcoin revolution but don't want the difficulty and expenses of buying it? Try our this site! BTC-Miner allows you to mine Bitcoins right in your Browser and multiply your income by using our referral program. Als kurz darauf Bitcoin erschien, datierte Szabo den Blogeintrag nachträglich um – auf ein Datum nach der Erschaffung des Bitcoins. Außerdem haben Analysen von Nick Szabos Schreibstil ergeben, dass es erstaunliche stilistische Parallelen zwischen seinem Bit Gold Paper und Satoshis Bitcoin White Paper gibt. Nick Szabo selbst hat indes mehrfach bestritten, dass er es ist, der sich hinter ... Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi. A Satoshi is the smallest unit of Bitcoin. Buy Satoshis At These Exchanges: Hitoshi Taguchi is one of the most famous cryptocurrency exchanger in Japan. He graduated from Political Science of Waseda University in 1994. Worked at Mitsubishi Corporation. After that, he was involved in various business launches and operations at Livedoor, DeNA, EMCOM, etc. He is currently the CEO of DMM Bitcoin, a second market venture ...
Greetings from Okinawa Jinbukai Hombu Dojo of the sensei Hitoshi Kanei, International chief instructor and Sensei Morimitsu Ikehara, Jinbukai Managing Director. Hitoshi Murayama 352 views. 1:19:51 🔴 Jack Dorsey interview: Bitcoin BTC Event & Financial Crisis [April 28, 2020] Twitter News 22,757 watching. Live now; 232B online lecture on March 17, 2020 ... Gaki no-Tukai of Hitoshi Matsumoto and Masatoshi Hamada Don't smile series #Gakinotukai In this excerpt from a recent panel discussion moderated by SEAS alumnus Hitoshi Tanaka, find out what IDSE Director Kathleen McKeown and Interim Dean Donald... Gaki no-Tukai of Hitoshi Matsumoto and Masatoshi Hamada Don't smile series #Gakinotukai.