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    I Spent A Day Trying to Pay for Things With Bitcoin and A Bar of Gold

    I Spent A Day Trying to Pay for Things With Bitcoin and A Bar of Gold

    Ray Dalio , one of the worlds largest hedge fund-ers, says that you should keep 5% - 10% of your portfolio in gold. Dalio also had a few things to say about Bitcoin, calling it a “speculative bubble” and said that “bitcoin is not an effective medium of exchange” and “its not easy to buy things with Bitcoin”.

     Well luckily for us an awesome young reporter by the name of Sara Silverstein took to the streets of New York to compare spending Bitcoin vs Spending Gold. Watch the video below to see exactly how this panned out.

     

    As youll see, it was not relatively easy to spend either one. Bitcoin came out ahead by being accepted by Overstock.com and Sara’s daughters preschool! As most of you probably already know, there are MANY options when it comes to crypto debit cards that allow the spending of bitcoin pretty easily.

    Cryptopay.me has issued over 23,000 of their cards and only cost about 15 euros.

    SpectroCoin is another choice and is accepted anywhere a Visa or Mastercard is accepted.

    Uquid has one as well - with no identification or credit check required and free delivery to 178+ countries.

     

    In our opinion, its only a matter of time until Bitcoin is accepted worldwide. We believe itll start with e-commerce. Rumors of Amazon accepting bitcoin have surfaced lately. What do you think? Have you spent Bitcoin anywhere? If so, where?

     

    As always, if you would like to spread the word of the Blockchain Movement
    please share this article on social outlets, and check out our shop @ www.BlokNation.com !
    Thanks for reading, stay woke and remember to HODL!

    Bitcoin Vodka - No its Not Another Fork

    Bitcoin Vodka - No its Not Another Fork

    Russian entrepreneur Dmitry Troitsky is planning on creating a line of vodka named after some of the most popular cryptos. Troitsky has filed for trademark patents in order to develop three distinct vodka brands called “Bitcoin, Ethereum, and Ethereum Classic.”

    Even though Troitsky understands that Russia has not been very favorable towards cryptocurrencies just yet, he believes the public perception is different. Troitsky explains to the Russian news site Life.ru that these names will likely bring his Vodka line attention.

    “I wanted to use the names of cryptocurrencies when issuing my goods in the 33rd class of the international classification of goods and services (alcoholic beverages, except beer), and these three names are the most top-notch,” Troitsky tells the publication.

    Last January news.Bitcoin.com reported on the crypto-proponent and South Florida Distillery owner, Avi Aisenberg, creating an ‘EthereRum’ product. The rum is distilled using heat from bitcoin miners instead of wasting it. Which is awesome.

    Troitsky’s vodka line will be more of a novel concept or gift product, the creator details but with enough push in Russia, he believes the beverages could eventually obtain commercial success.


    “Try to imagine the situation at the table, and you will understand that the Bitcoin vodka is rather a joke of comic quality,” Troitsky details. “However, with a good amount of legal support and sufficient resources, it will be possible to achieve commercial success.”


    What do you think about Dmitry Troitsky’s idea to name a vodka line after Bitcoin, Ethereum, and Ethereum Classic? Would you purchase these vodka brands? Let us know what you think about the crypto-vodka idea in the comments below.

     

    As always, if you would like to spread the word of the Blockchain Movement
    please share this article on social outlets, and check out our shop @ www.BlokNation.com !
    Thanks for reading, stay woke and remember to HODL!

    Bitcoin Forks - Think of them as Dividends for HODLers

    Bitcoin Forks - Think of them as Dividends for HODLers

     

    What is a 'Dividend'

    Investopedia Definition: A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock, or other property.

    Lets look at this as it relates to Bitcoin. ( Bit-Vidend )

    A Bit-vidend is a fork of Bitcoin which takes a portion of a company's value, decided by the mining community, and distributes it to all of its HODLers. Dividends can be issued as BitcoinCash, Bitcoin Gold, Bitcoin XT, Bitcoin Classic, or Bitcoin Unlimited. These new coins are then easily exchangeable for the Original Bitcoin.

    /S? Kind-of..

    Its a little bit of sarcasm, but think about it for a second. Essentially this is a dividend. You were basically rewarded for hodling Bitcoin - were you not? Sure you had to have them in a wallet, not on an exchange, etc.. but on paper, you were rewarded with a dividend for hodling Bitcoin.

    The Forks STEAL VALUE FROM BTC!

    Well, perhaps temporarily. Although every single time Bitcoin forks, a vast majority of people dump the crappy forked coins in favor of the real thing - thus transferring that value back to Bitcoin, look at the prices around the time of the forks. New all time highs almost consistently. 

    Forks are not Dividends, they Spin-Offs!

    We see your point - and its valid. Typically when a stock does a "spin-off" the original stock loses value. As was the case with Ebay and Paypal.. well.. Bitcoin does not seem to have this problem. Loyal HODLers seem to dump their forked coins and come right back to Bitcoin with their newly made profits - and Bitcoin races to another all time high.

    But the forking forkers are enemies of BTC!

    Yes, they are - we agree. They are deviating from the true vision in our opinion and we used to disagree with their attempts at forking our lord and savior Bitcoin. Its also not a great look for newcomers when they see there is 97 versions of Bitcoin, its confusing. That being said, if you're loyal to the original Bitcoin - then SODL the free forked coins and add to your Bitcoin Stack!

     

    We have actually come to accept forks of Bitcoin. They validate the original version, as it proves there is a loyal community behind it. If you time it right, you can make a decent amount of money off these forks. Bitcoin Cash at one point traded at over $900 - if you sold the top, and put your profits back into the Original Bitcoin, then Bitcoin surged towards another ATH - then did you not in fact get "Free Money" ? This is why we consider forks just dividends of Bitcoin, the original Bitcoin in our opinion, is here to stay - fork it all you want well SODL and add to our stack!

     

    As always, if you would like to spread the word of the Blockchain Movement
    please share this article on social outlets, and check out our shop @ www.BlokNation.com !
    Thanks for reading, stay woke and remember to HODL!

    This Dapp Allows You to Create an ICO in UNDER 10 MINS, With No Coding Knowledge FOR FREE

    This Dapp Allows You to Create an ICO in UNDER 10 MINS, With No Coding Knowledge FOR FREE

     
    ICO's have been rampantly popular this year, with some giving an ROI of almost 5000% So its no wonder why something like ICO Wizard is popping up. In just under 10 mins you can literally have your very own ICO - for whatever project you want!

     

         Step 1 - New Crowdsale

    Simply select "New Crowdsale" from the Home Page. ( Be sure you have a MetaMask installed prior ) and your off and running on your new Initial Coin Offering.

         Step 2 - Input Token Sale Details

    Here youll fill out things like ICO Name, Ticker Symbol, Decimals ( how divisible a token can be ), the address for the reserved tokens, and how many; or what % of tokens from the crowdsale will be reserved and sent to your specified address.

         Step 3 - Tier Setup

    Next we fill out our tier settings. Are we in Pre-ICO, Bonus ICO, Regular ICO, etc. We also specify the start and end dates of the crowdsale and disable/allow whitelisting. Youll also be asked to set the Supply, and the Rate for which your tokens will be issued per ETH. 

    Step 4 - Publish

    Thats it! Publish your ICO and youre on your way to the Lambo dealership! Congrats! Now get out there and start shilling your coin!!

    On a serious note, this makes me very wary of ICO's in general. Any Joe Schmo can hop on ICO Wizard and create his own coin. What do you think? Is this good or bad for the crypto community?

    As always, if you would like to spread the word of the Blockchain Movement
    please share this article on social outlets, and check out our shop @ www.BlokNation.com !
    Thanks for reading, stay woke and remember to HODL!

    Did Mark Cuban Just Recommend Buying Bitcoin!? $1,000,000 per BTC in 10 Years?!

    mark-cuban-says-buy-bitcoin

    Long time skeptic Mark Cuban, may have just changed his tune regarding Bitcoin ( and Ethereum ) in an interview on October 19th. 

     

    An Article on CNBC.com just 12 hours ago quotes the Tech billionare "If you're a true adventurer and you really want to throw the Hail Mary," says Cuban, "you might take 10 percent [of your savings] and put it in bitcoin or ethereum." 

    Hold up Mark, what happened to the bubble? Not so sure now are we? Well, it wasnt a complete shill from Cuban, as he also said that if you invest in Bitcoin "you've got to pretend you've already lost your money. It's a flyer, but I'd limit it to 10 percent.( portfolio value )" 

    Cuban has also recently said that he himself would be investing in another cryptocurrency. Unikoin Gold an e-sports betting platform, which is currently in its ICO phase.

    All in all it seems that the world is warming up to Bitcoin and Crypto as a whole. With Mark Yusko projecting 1,000,000 per BTC in 10 years time.

    Scott Disik.. *sigh* had recently tweeted twice showing support for Bitcoin, specifically joining the "NO2X" movement. The second tweet tho... #savage

    scott disik bitcoin

    Paris Hilton was caught shilling an ICO not too long ago, and Ghostface Killa from Wu-Tang clan may come out with his very own coin. Floyd Mayweather and Jamie Foxx have hopped on the bandwagon as well. While these are all probably "sponsored content" it does raise awareness for the crypto scene - but in a good, or bad way?

     

    As always, if you would like to spread the word of the Blockchain Movement

    please share this article on social outlets, and check out our shop @ www.BlokNation.com !

    Thanks for reading, stay woke and remember to HODL!