Everybody loves a story. When it comes to how people first got into cryptocurrency, there’s no exception. Crypto Twitter (CT) is full of humorous, thought-provoking, and unexpected tales of diving down the Satoshi rabbit hole, and the reasons for entering the space are as diverse as the people themselves.
Trawling CT, one can find many scattered gemstones and nuggets of interest about people’s discovery of Bitcoin. Recently there have been a few prominent threads asking for folks to share how they first became interested in crypto, and the reasons given fall into a few broadly defined categories. First, there’s the philosophical angle. Libertarian-minded individuals realized they could keep their own money and help to subvert the war-mongering, abusive Keynesian economic powers that be. Second, there’s the pure convenience approach, where, “hey, the stuff just works, so I’m going to use it.” There’s the tech angle and entrepreneurial angle, for those who saw the burgeoning growth of a new and lucrative industry. And finally there’s the straight “show me the money” crowd. Some tweets illustrate a little bit of everything, as well as the random, haphazard circumstances that often come into play.
There’s something extremely exciting, hopeful and uplifting about mantras of “bitcoin not bombs” and the prospect of real economic sovereignty. Many previously uninitiated folks found in crypto an invigorating and simple freedom. The realization that this is what money was always meant to be, and a tool to achieve greater individual freedom and quality of life for everyone. User @DougFMoeller writes:
Bitcoin is freedom to interact.
When prompted with “What was it that excited you about cryptocurrency,” user Preston Thornburg replied it was “the premise of a global currency that sees no borders.”
On August 23 Mycrypto.com tweeted “How did you first get into crypto / blockchain? What made you stay?” @doerkadrian replied: “Open platforms without vetting or KYC restrictions. The momentum of the tech. And the welcoming community sucked me further in.” There are also certain business models in which relative anonymity and protecting real identities are important for workers, such as escort services and purchasing substances the state has deemed illegal.
Silk Road is an oft-mentioned inspiration as well, being that many governments of the world still have an obsession with caging and violating people for peaceful possession of plant life. It’s always convenient not to get your head smashed in by police when going about your private, daily business.
Even elected government officials are testing the waters, with Berkeley Councilmember and attorney Ben Bartlett purchasing cannabis for bitcoin cash in California on September 10. As news.Bitcoin.com reported, co-founder of financial platform Cred, Dan Schatt, noted at the event: “We are thrilled to build technology that solves real problems for customers, merchants, and politicians which will help usher in the next 100 million users of crypto.”
Great fun participating in yesterday’s live demonstration of how crypto-financial technology can benefit the cannabis industry! Produced by @ihaveCred and facilitated by @BlockAdCo @EvilleAlly @TranscendUs @RigelRobinson @UPAlliance Read more: https://t.co/ZUOTsevXDD
— Ben Bartlett (@BenBartlettCA) September 12, 2019
Some entrants to the holy church of crypto approached not in any sort of reverent, ideological way, and not even for simple convenience. They were practical observers of a burgeoning new tech industry bringing with it myriad innovation and opportunities.
User @TimC2468 tweeted:
Wife said to me in Dec 2013 that my Christmas present was for me to learn how to mine Bitcoin. I told her I would work it like my 2nd job. I no longer need to work now. Still with my wife.
Bitcoin.com’s Executive Chairman, Roger Ver, cites a plethora of factors influencing his initial investment back in 2011, with the tech behind the project being a central one:
The reasons I started investing in Bitcoin in 2011 are the exact same reasons I’m investing in Bitcoin Cash today. pic.twitter.com/OpOV7OKeGN
— Roger Ver (@rogerkver) September 5, 2018
Everybody likes to have money. After all, without it, there’s not a whole lot one can do to bring their visions to life. Visions of overthrowing existing financial systems, creating a tech startup, or even securing that long-awaited moon Lambo are pretty tough to realize without a little cash flow. Some of the commenters on Twitter are well aware of this, and aiming at beachside mojitos and beyond. Others are simply chewing the fat and sharing unique crypto tales in humorous and amusing fashion.
One user going by the name Koodge wrote:
Fell off a ladder and while recovering to go back to work i found the btc white paper. Took me several weeks to pull the trigger.
Some made a point of calling out the posters of “how did you get into crypto” prompts with tongue-in-cheek retorts like “None of your business, IRS” and “Nice try IRS.” Others sardonically lamented the moment they were lowered into the nether regions of crypto Twitter by their own fatal curiosity:
Whether one is interested in getting rich quick, entering a new field, or taking down banks and governments, a common theme emerges: freedom. Freedom to do business without intrusion from third parties, to build wealth, to support charities, and to sip tropical drinks while admiring a newly purchased sports car. Simple freedom of expression and speech. The version of the internet powered by bitcoin and blockchain have the potential to facilitate these things for all. This is something even folks from vastly different philosophical and socioeconomic backgrounds can appreciate.
Crypto is presented by many as a chance to share one’s story and vision more powerfully, and a unifying force where fiat money like USD so often disempowers. Escape from even that paradigm may be possible, as noted in a since-deleted tweet from NSA whistleblower Edward Snowden, where he stated:
Coincidentally, new technologies raise the possibility of unstoppable tax protests.
For those tired of paying for bombs, robbery of businesses, and violence against non-violent people everywhere, the potential holds great hope for the future of Bitcoin, and for the stories of individuals who love permissionless cash around the world.
How did you get into Bitcoin? Let us know in the comments section below.
Image credits: Shutterstock, fair use.
The post How Did You Get Into Bitcoin? Crypto Twitter Responds appeared first on Bitcoin News.
Queen Elizabeth II Conference Centre
14-16 October 2019 will see one of the world’s major industry events. Following our highly successful inaugural edition in London last October as well as our the joint edition with the Maltese partners this May, the second edition of CC Forum London will connect global thought leaders, policy makers, investors and startups from across the world for a 3 day top content event. The summit will be attended by the industry leaders, think tanks, institutional and private investors, family offices and VC firms.
The event’s highlights include:
2 500+ attendees
Bringing traditionally together the elite of the space the event is privileged to have some of the world’s most authoritative speakers, some of whom are global movers and shakers. https://cc-forum.com/speakers
The programme of the event is highly intense: a muli-track conference, a buzzing exhibition floor, keynotes, panels, fireside chats, duels, pitching contests, workshops, round tables and a number of networking events.
The event’s agenda will address a wide range of issues including Institutional and Private Investment in the space, Blockchain & AI and Foreign Direct Investment and the Regulatory Framework of Blockchain & AI.
Part of the event’s programme are one-to-one duels where heavyweights will engage in heated public debates on the big issues of the space with the conference audience being involved.
The blockchain battle with a confirmed 100K pounds sterling prize draw will be held.
Last, but not least, the Forum abounds in a rich networking programme ranging from welcoming drinks reception to networking investors’ dinners. It will culminate in our traditional black-tie VIP Gala & Award Giving Ceremony on 15th October.
Tickets can be purchased here: https://cc-forum.com/register
Contact Email Address
News of Japan messaging giant Line’s September 17 launch of an app-connected crypto exchange is captivating lots of attention in the crypto and tech industries this week. Other initially non-crypto apps are also entering the market, adding native tokens, tipping functions and cryptocurrency wallets, illustrating a growing trend toward mainstream crypto acceptance and awareness.
For almost anyone living in Japan, or Asia in general, popular messaging app Line is a household name. Line was launched in Japan in 2011 by Korean search engine company Naver Corporation, in the wake of the Tohoku earthquake and tsunami. The tech was a byproduct of improvised communications during telecommunications infrastructure damage resulting from the disaster.
Line’s freeware app began as a rather simple service, but exploded in popularity soon after, evolving from a simple SMS for sending cute stickers and chatting, to a digital wallet, video on-demand, digital comics and games juggernaut in the Asian market and beyond. Just this month, the expansive trend has taken new ground with the launch of Bitmax, an app-connected cryptocurrency exchange featuring five digital assets: BCH, BTC, ETH, XRP, and LTC. Line is also in development of its own native crypto token, called Link (LN), currently exchangeable for Line points. According to the Link website:
LINE Token Economy is centered around a single token, our general-purpose coin LINK … A single-token economy can make the overall ecosystem more dynamic and stable, and because dApps contribute to the economy, they can grow with it.
Though still cloaked in relative mystery, chat app Telegram’s upcoming Ton network (Telegram Open Network) and native token gram are nevertheless causing a buzz in the cryptosphere. The source code has already been released and testing of the network began in April. Slated for an October 31 launch, the 200 million+ monthly active users of the platform are looking forward to seeing the company put the $1.7 billion it raised via a 2018 token sale to full use. The network is set to operate utilizing a proof of stake (PoS) system, and with the rising popularity of the app in private communications and business applications / team-building functions as well, big waves will likely be made should Telegram deliver.
As news.Bitcoin.com reported last month, the “Amazon of Japan,” Rakuten, has now launched its own crypto wallet, featuring BTC, ETH and BCH. Like Line, the company is providing a fiat on-ramp with promise of exposing legions of neophytes to the world of cryptocurrency and crypto spot trading. Though Rakuten has many apps, the addition of Rakuten Wallet is indeed unprecedented thanks to its connection to the popular Rakuten Bank app. In an August 19 press release, the company describes how it works: “In order to provide customers with safe and secure crypto asset transaction services, Rakuten Wallet separates money deposited by customers (customer assets) from the company’s own funds, managing the assets (trust maintenance) in trust accounts provided by Rakuten Trust Co., Ltd., the trust company of Rakuten Group. Rakuten Trust manages those trust assets through Rakuten Bank, Ltd. savings accounts.”
A popular U.S. app to “go crypto” in recent years is Cash App. The mobile payments service originally launched as Square Cash in 2015, and added bitcoin functionality in January 2018. July was a record-breaking month for the app, with a reported 2.4 million downloads. Talk was rampant of the Square service eclipsing competitors like Paypal’s Venmo, and many speculate that the addition of BTC functionalities and growing crypto-interested user base had something to do with this.
Square was founded in part by CEO of Twitter and BTC maximalist Jack Dorsey, so it’s not surprising the app doesn’t support other tokens. With the current atmosphere of increasing adoption, however, the calloused maximalism may come back to bite, should Square turn a blind eye to increasing user adoption of coins like bitcoin cash, and major players in the crypto altcoin world.
For those that can remember the antiquated days when Facebook was only available to college students, and there were no moms, dads, or aunt Sallys on there sharing pictures of birthday cakes, the thought of a mobile app (not even a common concept at that time) dominating the world and featuring a cryptocurrency (bitcoin didn’t even exist yet) would have been somewhat mind-boggling. Fast forward to 2019, and the world’s most downloaded app and most popular social media network is now pushing to bring a new crypto payments system to fruition, called Libra.
With significant opposition from governments like the U.S., France and Germany, the Switzerland-based initiative to enable a “more inclusive global financial system” is struggling to gain regulatory approval. Normally such potential legal embattlement would signal the end of a project before it begins, but with Facebook’s roughly 2.4 billion monthly active users, and a mega battery of state-entrenched corporate power in the Libra Association, regulators and lawmakers are being careful not to shoot themselves in the foot too fast. As the Libra currency would not be a true crypto in the sense of bitcoin, being completely centralized, and thanks to the fact that project leaders have already expressed interest bending over backwards for regulators, some speculate the current “battles” are little more than show for the media. Whatever the case, the apple cart of global finance could definitely be upset.
Crypto adoption has extended now even to the world of the mainstream app, so it’s not reckless to wager the trend will grow like wildfire in today’s attention economy. After all, folks are with their smartphones 24/7, and electronic payment systems have become an everyday reality. For those looking to maintain the original vision of peer-to-peer, permissionless and private cash, however, these apps will likely be utilized in combination with more private platforms, which afford users financial autonomy in transaction. The Twitters, Facebooks and Rakutens of the world are by nature more interested in collecting user data than they are in privacy, so this stands to reason. Still, the convenience is alluring, and the apps-gone-crypto narrative seems charged and set to expand into the future of crypto adoption.
What are your thoughts on established apps adding crypto functionality? Let us know in the comments section below.
Images courtesy of Shutterstock, fair use.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The Local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
The post Popular Smartphone Apps Are Adding Crypto Capabilities appeared first on Bitcoin News.
Avoiding banking fees is one of the pillars of financial fitness, but can be tricky to achieve when it comes to unplanned moments when you need cash. Why should you pay to access your own money at an ATM just because the machine is run by a different bank? If you’ve ever felt cornered by an out-of-network ATM at a…
The U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time a specific crypto has been deemed illegal for Americans at home or abroad to use.
The Venezuela Emergency Relief, Democracy Assistance and Development Act seeks to ban U.S. nationals and organizations from holding, trading, buying, and spending the state-issued Venezuelan crypto the Petro, which is backed by reserves of oil, gasoline, and diamonds—at least, in theory. The Petro was created in 2018 by Venezuelan President Nicolás Maduro’s regime as a way to circumvent U.S. sanctions and to access international financing.
If VERDAD passes, it will be the first time a specific type of crypto has been outlawed by the U.S. Jason Brett, founder of Value Technology Foundation, a research company devoted to blockchain law, explains: “The implications for this are huge because it could be bitcoin or some other cryptocurrency inserted into this language, we’re talking about a road map for how to ban a particular cryptocurrency.” The Act would set a precedent for the banning of any other crypto in the future.
The potential impact on crypto usage receives little attention compared to VERDAD’s other goals, which are expressed in lofty philanthropic terms. The act expands humanitarian aid to Venezuela by $400 million, for example, and calls for the restoration of human rights and democracy. Most articles on VERDAD do not even mention the Petro.
The closest they come: the Secretary of State will recover assets stolen from the people of Venezuela and its institutions by means of special financial investigations to track the assets taken through money laundering, theft, corruption, and other “illicit” means. The Secretary of State and the Secretary of the Treasury are to consult with the Chairman of the Securities and Exchange Commission as well as the Chairman of the Commodity Futures Trading Commission in order “to develop a methodology to assess how any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Maduro regime is being utilized to circumvent or undermine United States sanctions.”
Title VII of VERDAD: “Cryptocurrency sanctions and ensuring the effectiveness of United States sanctions.” Note: the wording of S.1025 presented is as of June 3, 2019. If passed, the wording may vary somewhat.
Since the Petro has scant value as a currency, the construction of a monetary tracking system and authority could be one of the real goals of VERDAD. Once established, however, who would monitor the monitors and ensure they stay within the vague and sometimes unstated boundaries of VERDAD?
On March 19, 2018, President Donald Trump signed Executive Order 13827: Executive Order on Taking Additional Steps to Address the Situation in Venezuela. It was signed one month after the Petro’s pre-sale launch and on the same day the pre-sale ended. A week later, the Petro was officially inaugurated.
VERDAD seeks to enact the order into law. What is the difference between the two? An executive order is a directive issued by a sitting President which determines the operations of the federal government; within this constraint, the directive has the power of law. But for it to apply outside of the federal government, it must be enacted into law.
Order 13827 states, in part:
I, DONALD J. TRUMP, President of the United States of America,… in light of recent actions taken by the Maduro regime to attempt to circumvent U.S. sanctions by issuing a digital currency in a process that Venezuela’s democratically elected National Assembly has denounced as unlawful, hereby order as follows…[A]ny digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited…
Executive Orders are never the starting point of a political story, however; they are the result of one. Arguably, the starting point was the election of the socialist Hugo Chávez as President in 1999, which caused America to losE much of its influence in the region. The Venezuela-U.S. relationship became so tense that Chávez accused President George W. Bush of supporting a failed coup attempt against him in 2002. The accusation is unproven.
Fast forward to January 2019. The American-backed Juan Guaidó swears himself in as interim president of Venezuela even though Maduro—Chávez’s chosen successor—retains actual power. Trump immediately recognizes Guaidó and declares Maduro to be an illegitimate leader. Other nations follow Trump’s lead, but the attempted coup is badly bungled. Maduro retains power, although the situation is unstable.
The U.S. has a long history of imposing financial sanctions upon objectionable regimes in order to cut them off from foreign investment and reserves; money is used as a tool of foreign policy and vice versa. Sometimes the strategy aims at extracting concessions, as with the current tariff war with China. Sometimes it aims at regime change, as with Venezuela. When the economy of a targeted regime crumbles, the U.S. blames the disaster on the leaders and so lays the groundwork for a coup, police action, or an economic takeover, often phrased in humanitarian terms.
Trump wants a U.S.-friendly regime in Venezuela, not only to access the nation’s vast oil resources but also because the current situation allows China and Russia to become entrenched in South America. Both nations are financial crutches for Maduro, without whom he could not retain power. In turn, China and Russia receive inexpensive access to Venezuelan resources, and they maintain their spheres of influence. Again, monetary policy is intimately connected with foreign policy goals. Analysis by the D.C.-based Atlantic Council illustrates this connection between Russia and Venezuela:
The success of Moscow’s policy in Venezuela rests on its military, economic, and financial clout…As of July 2019, Venezuela currently owes $10 billion for the purchase of 36 Russian Su-30MK2s fighter jets, $1.1 billion for Rosneft investment into Venezuelan oilfield development, and has received more than $4 billion of investment from Russia, according to Russian Economic Development Ministry.
An added wrinkle: China wants its fiat, the yuan, to replace the U.S. dollar as the world’s default currency. This makes the competition for control of money and its movement more urgent. China is not alone in waging monetary war, and Venezuela uses the conflict to advantage. In September 2017, Reuters reported: “’Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar’, Maduro said in an hours-long address to a new legislative superbody. ‘If they pursue us with the dollar, we’ll use the Russian ruble, the yuan, yen, the Indian rupee, the euro’.”
A March 26, 2018 article in Venezuela Analysis announced the official release of the Petro, which could be bought and spent anywhere in the world. The article declared: “The cryptocurrency can be purchased in Chinese yuan, Turkish lira, euros, Russian roubles, as well as in other cryptocurrencies, including bitcoins, ethereums, or litecoins. Money exchanges are to be opened in Venezuela and internationally.” It also reported Maduro’s final word on the U.S. dollar: “We won’t dollarize our economy, we are going to defend our Bolivar.”
Power politics underlies VERDAD. The May 22 Press Release by which the act moved from Senate Foreign Relations Committee to the full Senate states: “The legislation was amended to include three bills approved by the House of Representatives to expand U.S. humanitarian assistance in Venezuela (H.R. 854), prohibit U.S. exports of arm sales to the Maduro regime (H.R. 920), and counter Russia’s presence and influence in Venezuela (H.R.1477).” Nothing is more powerful in power politics than the control of money.
If VERDAD is an isolated attack on the Maduro regime, then it may have minimal consequences for cryptocurrency in general. But there are reasons to worry.
There are reasons to believe VERDAD will pass. Trump is not a fan of crypto, especially the unregulated type, and will do nothing but applaud a bill that embeds his executive order into law. Added to this, Congress has become more aggressive toward crypto. In the second week of September alone, Congress hosted three hearings related to cryptocurrency, largely due to concern over Facebook’s intentions to release Libra. So far, VERDAD appears to have bipartisan support; certainly, its prohibitions on the Petro are not likely to elicit debate.
But there are also reasons to believe VERDAD may not pass. For one thing, some observers expected it to be enacted already, but the bill is dragging. Moreover, the general bill may have overreached by including foreign policy goals that are too ambitious. The summary write up at Congress.gov states, for example:
The bill imposes sanctions on foreign persons responsible for or complicit in corruption or activity undermining Venezuela’s democratic institutions. Sanctions include barring entry into the United States and various financial restrictions. The bill also imposes various sanctions targeting the Maduro regime’s ability to finance debt, trade gold, and use cryptocurrencies to evade U.S. sanctions. The bill directs the President to prevent Russia’s government-controlled oil company Rosneft from acquiring control of critical U.S. energy infrastructure, including assets belonging to Venezuela’s state-owned oil company, Petroleos de Venezuela, S.A.
Perhaps this overreach is why Skopos Labs—the Automated Predictive Intelligence service used by the govtrack.us site—gives VERDAD a poor chance of passing. Even if defeated, however, Brett’s warning about Congress should be heeded: “there are 20 active bills” by which crypto “could be impacted and could change in some way shape or form along the way. It’s very important that we watch them, almost like the weather map.”
Do you think VERDAD could lead to usage of other cryptocurrencies being criminalized in the U.S? Let us know in the comments section below.
Images courtesy of Shutterstock.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
The post VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet appeared first on Bitcoin News.
Almost everyone loves listening to podcasts, but finding a decent podcast app to manage your subscriptions can be tricky. Podcasts continue to grow in popularity and, as a result, there are more podcast managers on the App Store than ever before. But while it seems easy to just stick with the stock Apple Podcasts app,…
A new study found that tap water contaminants may cause 100,000 cases of cancer in the US every year. While the numbers may be right (it’s hard to be sure), that doesn’t mean you should worry too much about your tap water.
Earlier this year, Christini Tosi changed the name of “Crack Pie” to “Milk Bar Pie,” explaining that the name “fell short” of Milk Bar’s mission “to spread joy and inspire celebration.” It wasn’t exactly an apology, and it wasn’t clear if Tosi really understood why the name was a problem in the first place, but at…
Delta is running a flash sale on fares today that bring a number of round-trip tickets down in price, one as low as $93.
Smartphone addiction is real. According to a log of my screen time, in the last seven days, I spent three hours and 15 minutes a day on my iPhone (and over 22 hours in total last week—almost an entire day). And I’m not alone. Our social media producer, Tim, spent three hours and 36 minutes a day on his phone last…
Friends is turning 25. To celebrate, Google added a ton of Easter Eggs to search centered around the show’s main characters.
Thanks to the upcoming release of iPadOS, the iPad is one step closer to becoming a viable laptop replacement for most people.
One of the nice things about Apple Watches is that whether you bought an original model years ago, or have a Series 5 arriving tomorrow, the same bands will fit on all of them.
We all know that running your car out of fuel is a bad thing for obvious reasons like the fact that it can leave you stranded. There’s also a good chance you’ve also heard that running on empty can cause damage to your car. But what actually happens?
Les métamatériaux inspirent des solutions pour protéger les ports ou les installations en mer et réduire le sillage d’un navire.
With all the big corporate data breaches that have been discovered over the past few years, you might have forgotten about the one at Yahoo that exposed 500 million account passwords in 2016.
Happy iOS 13 release day! Now that the update is live, resist the urge to tap your way through to the big iOS update. There are a few things you can do before you start installing it—really, things worth doing at least once a year, and iOS update time is the perfect reminder to do them.
I’ve taken a few CPR classes, and I admit I walked away with the mistaken impression that a person who needs CPR will be unresponsive and not breathing at all. But a common symptom of cardiac arrest is agonal breathing, which can look like the person is gasping or snoring.
Google’s mobile service, Google Fi, finally has an unlimited data plan. Though the previous sliding-scale “Flexible plan” that defined Fi’s service still remains available, the new unlimited plan offers a more traditional pricing structure, reduced data throttling, and a few other perks. Let’s examine Fi’s new…
If you’re trying to live in a way that helps mitigate the effects of climate change, you might resolve to fly less often or eat less meat. But what about switching banks?
A North Korean official claims that a Democratic People’s Republic of Korea (DPRK) cryptocurrency is on the horizon. According to a delegate for the Committee for Cultural Relations, Alejandro Cao de Benós, the country plans to forge a token backed by a physical commodity like gold and the digital asset’s main purpose will be used to bypass U.S. and international sanctions.
Another nation state is in the midst of creating a digital currency but the North Korean cryptocurrency idea is intended to work in parallel with the local Korean won. Alejandro Cao de Benós, a member of the DPRK Committee for Cultural Relations and President of the Korean Friendship Association, told various news outlets this week that a DPRK token is in the works. Between April 18 and 25 of this year, North Korea held a cryptocurrency and blockchain conference which saw around 100 attendees in Pyongyang. Immediately after the event wrapped up, rumors of the North Korean government creating a digital currency made mainstream headlines. News publication The Diplomat reported that early clues also started arising in September 2017 when Kim Il Sung University released a report on the importance of digital currencies. Moreover, The Diplomat columnist Tae-jun Kang said that the conference itself and the DPRK token announcement was a signal to other nation states like the U.S.
“According to several Seoul-based North Korean experts, who believe the latest cryptocurrency conference in Pyongyang was designed to send out a warning message to the United States and the international community that it can overcome sanctions by utilizing digital currencies,” Tae-jun Kang wrote in April 2019 after the conference in Pyongyang.
Now Alejandro Cao de Benós is speaking on the subject with a few select news outlets this week and has told reporters that a DPRK token is being built. Speaking with Vice journalist David Gilbert, he said the digital token North Korea is constructing is still in its nascent stages, but clearly emphasized that the cryptocurrency was made to bypass strict U.S. and international sanctions. However, the new coin created by the North Korean government will not be a digitized version of the Korean won. “[It will be] more like bitcoin or other cryptocurrencies,” Cao de Benós told Gilbert during a phone conversation. The North Korean diplomat added:
We are still in the very early stages in the creation of the token. Now we are in the phase of studying the goods that will give value to it.
Alejandro Cao de Benós has also spoken with the reporter Ben Muster from Decrypt and given a greater insight to the DPRK token. In the interview, Cao de Benós highlighted that North Korean citizens would still use the Korean won and that the new blockchain assets would be used by “banks and companies.” The concept of the DPRK token is different to China and the PBOC’s alleged digital yaun construction and the idea resembles Venezuela and Maduro’s petro cryptocurrency. There have been multiple reports detailing that average Venezuelan citizens don’t even use the petro and that the digital currency is mainly used by government officials and their friends to skip out on U.S. sanctions. Moreover, similarly to the DPRK token concept, Maduro didn’t replace the sovereign bolivar either, and the petro runs parallel with the local tender and is allegedly backed by oil and gold reserves.
During Cao de Benós’ interview, he claimed that the country was developing a digital asset that’s “based on something with physical value — in the international market.” The representative also said that the crypto needs to bolster a “more stable price for international settlements, between DPRK and other companies/individuals.” The columnist Ben Muster said that he reached out to DPRK officials but “requests for comment from the North Korean government went unanswered.” When reporter David Gilbert called North Korea’s Embassy in New York, the office said they could not verify Cao de Benós’ claims. “I am not in a position to give you an answer,” the North Korean Embassy spokesperson stated.
On September 9, Cao de Benós announced the next Pyongyang Blockchain and Cryptocurrency Conference which will be held in February 2020. Just like the last event, the conference will be very exclusive but Cao de Benós has said the event will be much larger this year. Also, attendees will get a chance to visit Panmunjom in the Demilitarized Zone between North and South Korea and Kim Il Sung University as well. Just like the prior Pyongyang crypto conference, there will be restrictions for members of the media and citizens who reside in the U.S., Israel, South Korea, and Japan. It’s likely more information will come from the next conference in regard to the purported DPRK token. There’s been multiple reports in the past of North Korean’s gathering technical knowledge on digital currencies like bitcoin. Last week someone asked Cao de Benós if DPRK residents were allowed to hold digital assets and Cao de Benós replied:
Yes, we even have programmers that are designing crypto wallets and other related apps right now.
Venezuelan officials from Maduro’s regime have been very friendly with the North Korean government as well according to pictures Cao de Benós shared last August. The Venezuelan government opened an embassy in Pyongyang and Cao de Benós said “surely this diplomatic advance will be very useful in the defense against the imperialist invasion.” Just like Venezuela and Iran, North Korea has had issues with the U.S. for quite some time. However, with North Korea under Kim Jong-un’s rule, the country has had problems with many international bodies since holding its first nuclear test in 2006. The U.S. and a number of countries have imposed economic sanctions against the DPRK and it is hard for the region to do business with people and organizations overseas. As the popularity of bitcoin and cryptocurrencies has increased, it seems that North Korean officials have begun to appreciate how this technology can be used to bypass financial blockades and borders.
What do you think about North Korea creating a DPRK token backed by a physical asset like gold? What do you think about the nation states that are in the midst of creating cryptocurrencies? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Pixabay, Twitter, and Pyongyang Blockchain and Cryptocurrency Conference.
The post North Korea Plans to Launch Cryptocurrency to Bypass Economic Sanctions appeared first on Bitcoin News.
Serving hot food on a cold plate can be a little sad, particularly if that food is prone to cooling off quickly (looking at you, eggs). A lot of fancy restaurants have fancy plate warmers to help elevate your eating experience, but it’s unlikely you have the counter space for one of those. Instead, you can quickly…
So, you had kids with an asshole. You probably didn’t mean to. Maybe they were much less of an asshole before the kids came along—or maybe their dickish tendencies were just easier to deal with when you weren’t also trying to keep small humans alive. Whatever the case, you’re here now, looking forward and dreading the…
Even though many of us were taught as kids that it’s not polite to talk about money, the world is overflowing with people who want to tell you exactly what you should do with yours. From the gurus who seem to think the coffee is the root of all money problems to your neighbor who just loves to hand out pearls of…
Cette offre de job vous intéresse mais… Vous n’avez pas exactement le profil recherché.
Je postule… Je postule pas… Je postule…
Mieux vaut postuler ! Dans la plupart des cas, les recruteurs recherchent un mouton à 17 pattes, et finissent par être ouverts à des profils légèrement décalés par rapport à l’offre initiale.
Alors, avec un peu de méthodologie et de créativité, il est possible de renforcer sa candidature et de bien préparer son entretien. Car si la technique s’acquiert, la motivation, l’esprit d’initiative ou encore l’adaptabilité sont autant de qualités recherchées à mettre en avant.
Dans l’absolu, on peut toujours postuler dans la mesure où :
Petite remise en contexte : en 2019, le recrutement des cadres qualifiés est à la hausse pour la 5ème année consécutive avec une augmentation prévue de 2 à 10% selon l’Apec, portée par les secteurs des services et de l’industrie.
On observe également une évolution rapide des nouvelles compétences recherchées par les entreprises, notamment dans les métiers du marketing et du digital. D’après le World Economic Forum, il existera jusqu’à 27% de nouveaux métiers en plus en 2022. D’où la nécessité de continuer à se former et de rester alerte face aux changements et différentes tendances du marché.
D’après Evelyne Ivorra, psychologue du travail et consultante en ressources humaines, une candidature de qualité prend au moins une journée de préparation.
Cela suppose d’abord de se renseigner sur l’annonceur.
Qui est l’entreprise et quel est le contexte dans lequel elle évolue ? Quelles sont ses valeurs et dans quelle mesure pense-t-on être en adéquation avec la mission qu’elle défend ?
Si cette première étape semble correspondre à vos motivations, il est alors temps de passer à l’annonce en elle-même et d’analyser ce que le recruteur recherche en fonction des éléments donnés.
Certaines fiches de postes sont plus ou moins détaillées, ce qui donnera des recruteurs plus ou moins souples dans l’évaluation des candidatures. S’il y a toujours un écart entre la description de l’offre et la réalité, il est tout de même nécessaire d’identifier ses points forts et ses points faibles avec lucidité. Les lacunes peuvent essentiellement reposer sur : une formation de base, la connaissance du secteur d’activité, ou encore le niveau d’expérience / de compétences attendues.
C’est là qu’il s’agit de travailler sa candidature afin d’adapter son cv et sa lettre de motivation en fonction de l’offre et en mettant en avant les expériences et compétences les plus pertinentes.
Il est important de garder en tête qu’il est très rare qu’un profil corresponde à 100% aux attentes du recruteur.
D’ailleurs, un candidat trop à l’aise pour un poste risque de vite se lasser et d’avoir des opportunités d’évolution limitée, voire même de se retrouver à être surdimensionné, ce qui peut être source de frustration.
Cela dit, il faut tout de même préparer ses réponses sur les compétences qu’il reste à développer pour ne pas être pris au dépourvu et réagir à l’objection. Il s’agit ici de jouer la carte de l’humilité, mais de rester assertif en apportant des concessions.
Il existe des phrases magiques du type « j’apprends vite, je travaille très bien en équipe, j’aime les défis » qui permettent de démontrer sa motivation et son envie d’apprendre et de monter en compétence.
C’est aussi l’occasion d’introduire subtilement des atouts qui viendraient équilibrer vos lacunes. Si par exemple vous n’avez pas d’expérience à un type de poste précis mais que vous connaissez très bien le secteur d’activité, c’est le moment de montrer que vous maîtrisez le vocabulaire, l’univers, ou encore d’autres aspects de la chaîne de valeur qui pourraient enrichir son approche.
L’important est de miser sur toutes les compétences qui peuvent nous différencier, même si elles ne sont pas directement liées à l’exercice de votre métier : maîtriser des langues étrangères peut être un atout dans un service commercial et être passionné de photographie un grand plus dans le domaine de la publicité par exemple.
Selon une étude menée par le cabinet de recrutement Michael Page au printemps 2019, l’écoute, l’autonomie, et les facultés à travailler en équipe sont les compétences interpersonnelles qui caractérisent le plus les cadres en entreprise. Dans certains métiers qui évoluent très vite, ces compétences interpersonnelles, ou “soft skills”, sont même placées au cœur du processus de recrutement. En effet, les entreprises les plus innovantes misent de plus en plus sur l’humain pour constituer une culture forte et porter leur vision et leurs valeurs.
Qu’on soit à un tournant de sa carrière ou qu’on cherche simplement à changer de poste, il existe un grand nombre d’outils pour mieux se connaître et s’évaluer, au-delà de ses compétences techniques et académiques : coaching, bilan de compétences, etc… Avoir une meilleure appréhension de ses compétences interpersonnelles, à travers une approche plus neutre et scientifique, permet à la fois de prendre du recul, et de mieux savoir se vendre en entretien.
À partir de là, il s’agit de construire son discours sur un storytelling fort, qui permet de raconter son parcours et comment chaque expérience nous a permis d’évoluer et d’avancer avec cohérence, tout en enrichissant sa personnalité. Attention à ne pas vouloir trop en dire d’un coup !
Il faut savoir partir d’un résumé très simple – ou elevator pitch – qui puisse répondre à trois question :
Le reste, il faut savoir habilement le distiller au cours de l’entretien en fonction des questions du recruteur, en montrant qu’on est préparé, mais sans pour autant réciter avec rigidité. Souvenez-vous surtout que l’entretien est d’abord un échange, et que même si vous ne vous sentez pas en terrain conquis, il y a forcément des choses, aussi spécifiques soient-elles, que le recruteur ne maîtrise pas. L’une des meilleures manière de marquer son esprit et de se différencier reste certainement de lui apprendre une information, ou le résultat d’une observation issue de votre propre expérience. Soyez précis, honnête, et enthousiaste, et vous aurez le sentiment d’avoir tout donné !
L’article Je n’ai pas toutes les compétences pour le job : dois-je postuler ? est apparu en premier sur OpenClassrooms : le blog.
Riddle me this: You’re out somewhere and you need to hop on a wifi network with a new device. You realize you have the wifi password saved on your laptop, but not on whatever device you’re looking to connect. And you’re either too lazy to ask for the password again, or you have no way to acquire it in your present…
Buying jarred tomato sauce is an affront to everything I was raised to be. I was raised in one of those big Italian families you’ve seen caricatured in pop culture: Our furniture was covered in plastic. Our conversations were conducted at maximum volume. Our Sunday dinners were epic. Commercially prepared tomato sauce…