Tag: #Plans

Au – 💲 – ₿

Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.

It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form.

Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions.

Gold often occurs in free elemental (native) form, as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element  silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite.

Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

A relatively rare element, gold is a precious metal that has been used for coinage,  jewelry, and other arts throughout recorded history.

In the past, a gold standard was often implemented as a monetary policy.

Still, gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971.

As of 2017, the world’s largest gold producer by far was China, with 440 tonnes per year.

A total of around 201,296 tonnes of gold exists above ground, as of 2020. This is equal to a cube with each side measuring roughly 21.7 meters (71 ft).

Gold’s high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use).

The world consumption of new gold produced is about 50% in jewelry, 40% in investments and 10% in industry.

Gold is also used in infrared shielding,  colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine.

F I A T

Fiat money (from Latin: fiat, “let it be done”) is a type of money that is not backed by any commodity such as gold or silver, and typically declared by a decree from the government to be legal tender.

Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally established by government regulation.

Yuan dynasty banknotes are a
medieval form of fiat money

Fiat money does not have intrinsic value  and does not have use value. It has value only because the people who use it as a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people.

Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains a precious metal such as gold or silver which is embedded in the coin.

Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be converted into a precious metal or another commodity.

Fiat money can look similar to representative money (such as paper bills), but the former has no backing, while the latter represents a claim on a commodity (which can be redeemed to a greater or lesser extent).

Government-issued fiat money  banknotes  were used first during the 11th century in China.

Fiat money started to predominate during the 20th century.

Since President Richard Nixon‘s decision to default on the US dollar convertibility to gold in 1971, a system of national fiat currencies has been used globally.

Fiat money can be:

  • Any money that is not backed by a commodity.
  • Money declared by a person, institution or government to be legal tender, meaning that it must be accepted in payment of a debt in specific circumstances.
  • State-issued money which is neither convertible through a central bank to anything else nor fixed in value in terms of any objective standard.
  • Money used because of government decree.
  • An otherwise non-valuable object that serves as a medium of exchange (also known as fiduciary money.)

The term fiat derives from the Latin word  fiat, meaning “let it be done” used in the sense of an order, decree or resolution.

Bitcoin – Digital Gold

The most common, and best, ways to think about bitcoin is as “digital gold”.

Like gold, bitcoin doesn’t rely on a central issuer, can’t have its supply manipulated by any authority, and has fundamental properties long considered important for a monetary good and store of value.

Unlike gold, bitcoin is extremely easy and cheap to “transport”, and trivial to verify its authenticity.

Bitcoin is also “programmable”. This means custody of bitcoin can be extremely flexible. It can be split amongst a set of people (“key holders”), backed up and encrypted, or even frozen-in-place until a certain date in the future. This is all done without a central authority managing the process.

You can walk across a national border with bitcoin “stored” in your head by memorizing a key.

The similarities to gold, plus the unique features possible because bitcoin is purely digital, give it the “digital gold” moniker.

Sharing fundamental properties with gold means it shares use-cases with gold, such as hedging inflation and political uncertainty.

But being digital, bitcoin adds capabilities that are especially relevant in our modern electronic times.

The world does indeed need a digital version of gold.

People’s Money
With 💚

ASICs vs. SuperComputers

Asics
SuperComputers

ASICs vs Supercomputers

Assigning the most powerful supercomputer to mine bitcoin would be comparable to hiring a grandmaster chess player to move a pile of bricks by hand.

The job would get done eventually but the chess player is much better at thinking and playing chess than exerting energy to repetitively move bricks. 

Likewise, combining the computing power of the most powerful supercomputers in the world and using them to mine bitcoin would essentially be pointless when compared to the ASIC machines used today.

ASICs are designed to do one thing as quickly and efficiently as possible, whereas a supercomputer is designed to do complicated tasks or math problems.

Since Bitcoin mining is a lottery based on random trial and error rather than complex math, specialization (ASICs) beats general excellence (supercomputers) everytime.

End of Lesson !!!

Made with 💚 by Free Spirit

✌ & 💚

With 💚

#1 Book of the Year I recomend reading…

“Ego is the Enemy”

“Re-read it each year. It’s that important.”

Derek Sivers, author of “Anything you want”

“This is a book I want every athlete, aspiring leader, entrepreneur, thinker and doer to read. Ryan Holiday is one of the most promising young writers of his generation.”

George Raveling, Hall of Fame Basketball Coach

“Ryan Holiday is one of his generation’s finest thinkers, and this book is his best yet.”

Steven Pressfield, author of “The War of Art” and “Gates of Fire“

“Ryan Holiday has written a brilliant and engaging book, well beyond his years… It is invaluable.”

Brian Koppelman, screenwriter and director, “Rounders”, “Ocean’s Thirteen” and “Billions”

Ego Is the Enemy

“While the history books are filled with tales of obsessive, visionary geniuses who remade the world in their image with sheer, almost irrational force, I’ve found that history is also made by individuals who fought their egos at every turn, who eschewed the spotlight, and who put their higher goals above their desire for recognition.” – from the Prologue

Many of us insist the main impediment to a full, successful life is the outside world. In fact, the most common enemy lies within: our ego. Early in our careers, it impedes learning and the cultivation of talent. With success, it can blind us to our faults and sow future problems. In failure, it magnifies each blow and makes recovery more difficult. At every stage, ego holds us back.

The Ego is the Enemy draws on a vast array of stories and examples, from literature to philosophy to history. We meet fascinating figures like Howard Hughes, Katharine Graham, Bill Belichick, and Eleanor Roosevelt, all of whom reached the highest levels of power and success by conquering their own egos. Their strategies and tactics can be ours as well.

But why should we bother fighting ego in an era that glorifies social media, reality TV, and other forms of shameless self-promotion?  Armed with the lessons in this book, as Holiday writes, “you will be less invested in the story you tell about your own specialness, and as a result, you will be liberated to accomplish the world-changing work you’ve set out to achieve.

RYAN HOLIDAY

Ryan Holiday is a strategist and writer. He dropped out of college at nineteen to appren­tice under Robert Greene, author of “The 48 Laws of Power”, and later served as the director of mar­keting for American Apparel.

His company, Brass Check, has advised clients like Google, TASER, and Complex, as well as many prominent bestselling authors.

Holiday has written four previous books, most recently The Obstacle Is the Way, which has been translated into seventeen languages and has a cult following among NFL coaches, world-class athletes, TV personalities, political leaders, and others around the world.

He lives on a small ranch outside Austin, Texas. 

Made with 💚 by Free Spirit

✌ & 💚

Did you find this article helpful?

If so, please consider a donation to help the evolution and development of more helpful articles in the future, and show your support for alternative articles.

Your generosity is 💚ly appreciated.

You can donate in any crypto your 💚 desires 😊

Thank you all for your time ! 🤗 !

✌ & 💚


Bitcoin (BTC) :

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


LiteCoin(LTC) :

LYAdiSpsTJ36EWCJ5HF9EGy9iWGCwoLhed


Ethereum(ETH) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


EthereumClassic(ETC) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Cardano(ADA) :

addr1q88c5cccnrqy6xesszzvf7rd4tcz87klt0m0h6uvltywqe8txwmsrrqdnpq27594tyn9vz59zv0n8367lvyc2atvrzvqlvdm9d


BinanceCoin(BNB) :

bnb1wwfnkzs34knsrv2g026t458l0mwp5a3tykeylx


BitcoinCash (BCH)

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


Bitcoin SV (BSV)

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


ZCash(ZEC) :

t1fSSQX4gEhove9ngcvFafQaMPq5dtNNsNF


Dash(DASH) :

XcWmbFw1VmxEPxvF9CWdjzKXwPyDTrbMwj


Shiba(SHIB) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Tron(TRX) :

TCsJJkqt9xk1QZWQ8HqZHnqexR15TEowk8


Stellar(XLM) :

GBL4UKPHP2SXZ6Y3PRF3VRI5TLBL6XFUABZCZC7S7KWNSBKCIBGQ2Y54


Kudos to @ChessurKot

@ChessurKot Art

I 💚 it so much i had to share it !!!

Amazing poster and imagination !!!

Shared with 💚 by Free Spirit

✌ & 💚

AltCoin Stores

ALT Coin Stores and Services List

This page is to promote actual stores and people who sell services for ALTcoins.

What is most important, is to spread the word and make people aware of the widespread adoption of the cryptocurrencies all around the globe and in all layers of life !!!

*Not Updated… Work in Progress...

Stores selling goods NexWave – http://www.nexwave.ca

Coin payments processed Coaex – Buy custom gold bars, gold bullion, silver and jewelry – http://www.coaex.com/ – BTC, LTC, DOGE, BC, NOBL, FTC   

CoinCable Mining Supplies    – https://coincable.com    – BTC, LTC, PPC, NVC, XPM, YAC, PayPal

Crypto Coin Wallet Cards    – http://www.cryptocoinwalletcards.com    – LTC

Register domain using Bitcoin and Litecoin    – http://www.lovingdomains.com    – BTC, LTC, NMC, PPC, NVC

Pay hosting with Bitcoin and Litecoin    – http://www.lovinghosting.com    – BTC, LTC, NMC, PPC,

NVC Amazonia Imports    – http://btcpipeshop.com    – 42, ANC, BTC, BC, BQC, CAT, CGB, DGC, DMD, DOGE, DVC, FRC, FRK, FST, FTC, GLD, LTC, MAX, MZC, MEC, NET, NMC, NVC, NXT, PPC, QRK, RED, SBC, SPT, STR, SXC, TRC, UNO, WDC, XPM, & ZET

WROL.INFO – Survival Supplies    – http://wrol.info    – BTC, LTC, FTC, NMC, NVC, TRC, XPM, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, QRK, ZET

NewsBam Usenet Services    – http://www.newsbam.com    – BTC, LTC, STR, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC,

SXC Cryptobooks – Buy eBooks with with cryptocurrency    – http://www.cryptobooks.com    – BTC, LTC, FTC, PPC, DVC, SXC

Bitezze – Buy precious metals with cryptocurrency    – http://bitezze.com    – BTC, LTC, STR, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, ZET, NET, PayPal Passthru

CryptoDirect    – http://www.cryptodirect.cf    – BTC, LTC, FTC, PPC, NVC, WDC, XPM, IFC, DGC, ANC, QRK, ZET, NET, FRC

Cheap Miners – Cheap ASIC miners and accessories    – http://www.cheapminers.com    – BTC, LTC, XPM

Dahms Weinversand – German Wine Home Delivery    – http://www.dahms-weinversand.de   

4:19 Store    – http://www.419store.com    Crypto Game Keys    – http://www.cryptogamekeys.com    – BTC, LTC, NMC, PPC, NVC, WDC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, SXC, ADT, MEC, QRK, ZET, NET, FRK, COL, SBC

VPS City    – http://www.vps-city.com    – LTC, PayPal Passthru

Thermostats, actuators and controllers    – http://www.thermostatenshop.nl    – BTC

Electric heating appliances    – http://www.budgetheat.eu    – BTC

Romer and 2HEAT far infrared panels    – http://www.infraroodpanelen.eu    – BTC

Outdoor- and ramp heating    – http://www.opritverwarmingen.eu    – BTC

Ceramic heating elements    – http://www.keraheat.com    – BTC Distinguished

Imports    – https://distinguishedimports.com    – BTC, LTC, PPC

GameCardVN    – http://gamecardsvn.com   

Verbena Products – Family owned online store specializing in bringing our customers high end Health and Beauty products at very competitive prices.    – https://www.verbenaproducts.com    – BTC, LTC, PPC

Cryptocoin Stuff!    – http://www.cryptocoinstuff.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC

Retro Towers    – http://www.retrotowers.co.uk    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, ORB, BQC, CGB, DVC, CAP, DGC, GLD, YAC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC

VPS4ME    – http://vps4.me    – BTC, LTC, FTC, NMC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK

HostClub    – http://hostclub.me

WaterIdo – Healthy Water Revitalizer    – http://waterido.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL   

Sarasota Slot Machines    – http://sarasotaslotmachines.com    – BTC, LTC, IFC, MEC, PayPal Passthru

GRKreations Direct    – http://grkreationsdirect.com    – BTC, LTC, FTC, NMC, PPC, NVC, WDC, TRC, XPM, IFC, KGC, RED, BQC, CGB, DVC, CAP, DGC, GLD, YAC, SXC, ADT, MEC, ANC, QRK, ZET, NET, FRK, COL, SBC, FRC, PayPal Passthru

Mining Hardware    – http://www.mininghardware.co.uk    – BTC, LTC

DuinoBits – Arduino kits (UK & Europe)    http://www.duinobits.com    – BTC, LTC

Johnsbay Flooring Co. – Flooring Material including Carpeting, Wood flooring, Laminate, Tiles.    – http://www.johnsbay.com    – BTC

Hash Rate Store    – https://www.hashratestore.com    – BTC, LTC

Coin Gas – Steam game codes for alt coins    – http://www.coingas.com    – BTC, CAP, DGC, FTC, GIL, LTC, NVC, PPC, WDC, CGB

sauce4coins    – http://sauce4coins.com    – BQC, BTC, LTC, BTB, CGB, FTC, CAP, VNC, DGC, XPM (and others if you email them)

BottleCaps Store – Itunes cards and World of tanks tokens    – http://bottlecapstore.weebly.com    – CAP’s and LTC – Canadian Orders for Itunes only

cryptosextoys    – http://www.cryptosextoys.com    – BTC, CAP, DGC, FTC, LTC, NVC, PPC, CGB, SXC

dailybit – Daily special something new everyday – http://dailybit.net    – BTC, LTC, XPM, FTC,CAP, IFC, WDC, NVC, NMC, TRC, KGC, PPC, RED, STR, WDC, Peercoins and Paypal

REDCOINSHOP – Herbal pills remedies    – http://REDCOINSHOP.com    – RED

pythonpills- Male enhancement pill    – http://pythonpills.com/red    – RED

bitcoinprbuzz – Press Release services for crypto projects – Copy Writing and content creation – Business consulting    – http://bitcoinprbuzz.com    – BTC, DVC,BTC, CGB, LTC and FST

finite by design – Coins, Pendants etc    – http://www.finitebydesign.com    – CGB

cryptothrift – Online Thrift Shop    – https://cryptothrift.com    – BTC, LTC

Litehosting- Web Hosting    – http://Litehosting.org    – BTC, LTC, NMC, XPM

ltcasics – All kinds of gift cards    – http://ltcasics.com    – LTC AltcoinTIP    – http://reddit.com/r/ALTcointip    – BTC, LTC, PPC, NMC, FTC, and XPM

DirectVoltage – alternative energy retailer    – http://DirectVoltage.com    – BTC, LTC, FTC, PPC

Sex Stories    – http://erotica4sxc.tk/about-2    – SXC

Porn Database    – http://www.porndatabase.co.uk    – SXC

3D Porn    – http://www.lynortis.com/alt-coins.php    – SXC

coinaxis    – https://coinaxis.com/    – LTC

dvc4giftcards – Giftcards    – http://dvc4giftcards.us    – DEV

Bitcora – Bitcoin templates and themes – https://bitorca.com   

Epawnatl- Pawn Shop    – http://Epawnatl.com    – FRK, BTC

Etsyshop    – http://www.etsy.com/shop/InnovoDesign    – DOGE, IFC, COL,LTC

Open Source Solutions    – http://www.iquidus.co.nz    – BTC, MEC, LTC, Earthcoins

LEALANA PHYSICAL LITECOINS…and BITCOINS – http://www.lealana.com – LTC

Evonym – http://evonym.us/ -BTC, LTC, TRC, PPC.

Minecraft Server – https://alt-co.in/minecraft/ – GME

Sexslam – http://sexslam.com – RED

All Things Luxury – http://www.allthingsluxury.biz/ – BTC, LTC

7 Pay In – Pay for mobile and ISP services/ecash/WoT/Steam/whatever – https://7pay.in/ – BTC, LTC, CL and NVC

CryptFolio – CryptFolio lets you keep track of your cryptocurrencies – http://CryptFolio.com – BTC, LTC

Bananalizard.com – Video game store – http://bananalizard.com – BTC, LTC, CGB, XPM, paypal

Tagbond.com – Merchant site hosting – http://tagbond.com – BTC, TAG

Cleverpuffin – Web Hosting – http://www.cleverpuffin.com – LTC

Bitroad – Electronics from China including tablet, phones, surveillance, security and gadgets delivered worldwide in 3-6 days (express). – http://bitroad.co.uk/ – BTC, LTC

Get More Customers – San Francisco Marketing/SEO Company – http://get-more-customers.com and http://sanfranciscoseoagency.com/cryptocurrency/ – EAC

BitCoinPINS!! – http://www.bitcoinpins.com/ – EAC

Polish SEO company – http://dodawanie.com/ – EAC

FlightSchool! Commercial pilot and flying instructor – http://www.paul-bradley.com – EAC ribbit.me – http://ribbit.me https://coinpayments.net/

Tagbond.com https://bitcointalk.org/index.php?topic=317408

This is a list of services and games that support LottoCoin (LOT): Services:

CyberSticker service: http://www.cryptostickers.com/

Reload Creative (app/web development service): http://reloadcreative.com.au/

Advertising pixels http://www.qugetser.com/lot-map

SEO Service http://sanfranciscoseoagency.com/cryptocurrency/

Games: CoinBomb: http://coinbomb.biz/lottocoin/

Lotto Game: http://lottocoin.org/lottogame/

Another Lotto Game: http://www.keezi.com/lotto/index.php

Lotto Dice Game: http://www.lottodice.tk/

Here is a list of shops/services/games that accept EarthCoin Iquidus Technology –

Open Source Solutions – 

http://www.iquidus.co.nz/

Get More Customers – San Francisco Marketing/SEO Company – http://get-more-customers.com

http://sanfranciscoseoagency.com/cryptocurrency/

BitCoinPINS!! http://www.bitcoinpins.com/

Polish SEO company http://dodawanie.com/

FlightSchool! Commercial pilot and flying instructor http://www.paul-bradley.com

Beautiful EarthCoin Paper Wallet Generator http://earthaddress.org/

EarthCoin Gaia Game http://gaia.l8.lv/

Logo Design http://logodynamic.blogspot.ca/p/sold-logos.html

Dice Game http://earthdice.tk/

LixNez Games http://www.lixnez.com/eacgames.html

EarthRoll Game http://earthroll.l8.lv/

Kissmyweb.com – We Build Websites – Simple! http://www.kissmyweb.com BTC and DVC accepted

http://scryptstore.com Gold & Silver – Paypal direct deposits and gift cards

Healthiverse – http://healthiverse.net

TuffWraps – Athletic Wrist Wraps   – http://tuffwraps.com

Crypto Alley – The Online Digital Currency Marketplace – http://www.cryptoalley.com

Cryptmint – Precious Metal Bitcoin Wallets & Physical Coins – http://www.cryptmint.com/

Devcoin Store – http://devcoinstore.com

Crypto Store – http://cryptostore.io

Armonie Sonore – http://www.armoniesonore.com

StickerzLab – http://www.stickerzlab.com   

Trade4Bitcoin – Comics and Collectibles   http://www.trade4bitcoin.com

Scryptcoin Store – http://www.scryptstore.com 

Fine Art Source – http://out-of-court-settlement.com

NitroBacku – http://www.nitrobackup.com

Cardz4Cash – Gift, Prepaid, Game, and VoIP Cards + more – http://cardz4cash.com

Vapeur Canada – http://www.vapeurcanada.com

DOGMA Portraits – http://dogmaportraits.com

Heat4Feet – http://www.heat4feet.net

BitcoinMetals – http://www.bitcoinmetals.us

DDoS Cover – http://ddoscover.com

Doge Host – http://dogehost.co.uk

Bit Electronics – http://bitelectronics.net/

http://quickbomb.com   RED https://dicenow.com

PXL COIN – http://www.pxlcoin.com/

Here is a list of sites that accept QRK:

http://www.petscoin.com/ – Animal/Pet store, Donations to Shelters

http://www.51attack.com/ – T-Shirt makers that currently accept 31 cryptocurrencies

http://www.chasinho.org/shop/ – Tea shop in Berlin

http://www.keepitwooden.com – Custom Wooden Shot Glasses (Accepts Coinpayments)

http://www.appsforcoins.com/?currency=QRK – Apple iOS Apps

143VPN – http://143vpn.com

SimRai Game Servers – http://www.simrai.com

CryptoHosted.com – http://cryptohosted.com

The Staking Machine – TSM – http://www.thestakingmachine.com

Vox – http://www.vox-game.com/buy-with-crypto-coins/

Upchurch Design – http://upchur.ch

BTC Headshop – http://btcheadshop.com

Bitcoin Sportscards – http://bitcoinsportscards.com

ThanksBitcoin.com – http://www.thanksbitcoin.com

Those shops/services accept payment using Graincoin (GRA), many of which through CoinPayments that support Graincoin:

Wood Shot Glass http://woodshotglass.com/

Tuff Wraps http://tuffwraps.com/

Computer hardware and consumer electronics   http://brownboxtech.net

WaterIdo – Healthy Water Revitalizer http://waterido.com

Xbox Gold 48 Hour Codes – 2 for $1 http://xbox48.bugs3.com

Iquidus Technology – OpenSource Software, Hi-Performance Hardware http://www.iquidus.co.nz/

Retro Towers – Gaming Hardware http://www.retrotowers.co.uk/

Stickerz Lab – French Sticker Decorations http://stickerzlab.com/

Pixcoin – Stickers for Crypto Coins http://pixcoin.com/

Crypto GameKeys – Buy CD Keys, PSN cards, PS3/4/Vita games http://www.cryptogamekeys.com ThanksBitcoin – a Bitcoin shop http://www.thanksbitcoin.com

Advertise Service http://cryptotiler.com/

Graincoin main thread at: https://bitcointalk.org/index.php?topic=361503.0

143VPN – http://143vpn.com

SimRai Game Servers – http://www.simrai.com

CryptoHosted.com – http://cryptohosted.com

The Staking Machine – TSM – http://www.thestakingmachine.com

Vox – http://www.vox-game.com/buy-with-crypto-coins/

Upchurch Design – http://upchur.ch

BTC Headshop – http://btcheadshop.com

Bitcoin Sportscards – http://bitcoinsportscards.com

ThanksBitcoin.com – http://www.thanksbitcoin.com

Wood Shot Glass : http://woodshotglass.com/

Tuff Wraps http://tuffwraps.com/

Computer hardware and consumer electronics   http://brownboxtech.net

WaterIdo – Healthy Water Revitalizer http://waterido.com

Xbox Gold 48 Hour Codes – 2 for $1 http://xbox48.bugs3.com

Iquidus Technology – OpenSource Software, Hi-Performance Hardware http://www.iquidus.co.nz/

Retro Towers – Gaming Hardware http://www.retrotowers.co.uk/

Stickerz Lab – French Sticker Decorations http://stickerzlab.com/

Pixcoin – Stickers for Crypto Coins http://pixcoin.com/

Crypto GameKeys – Buy CD Keys, PSN cards, PS3/4/Vita games http://www.cryptogamekeys.com ThanksBitcoin – a Bitcoin shop http://www.thanksbitcoin.com

Advertise Service http://cryptotiler.com/

Gamble with Altcoins http://www.coincasino.cc – Casino that takes many coins

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Bitcoin Halving

Bitcoin Halving

What Is a Bitcoin Halving?

Bitcoin’s most recent halving occurred on May 11, 2020. To explain what a Bitcoin halving is, we must first explain a bit about how the Bitcoin network operates.

Bitcoin’s underlying technology, blockchain, basically consists of a collection of computers (or nodes) that run Bitcoin’s software and contain a partial or complete history of transactions occurring on its network.

Each full node, or a node containing the entire history of transactions on Bitcoin, is responsible for approving or rejecting a transaction in Bitcoin’s network.

To do that, the node conducts a series of checks to ensure that the transaction is valid. These include ensuring that the transaction contains the correct validation parameters, such as nonces, and does not exceed the required length.

A transaction occurs only after all the parties operating in Bitcoin’s network approve it within the block on which the transaction exists. After approval, the transaction is appended to the existing blockchain and broadcast to other nodes.

The blockchain serves as a pseudonymous record of transactions (i.e., its contents are visible to everyone, but it is difficult to identify transacting parties in the network). This is because the blockchain assigns encrypted addresses to each transacting party in the network. That said, even those who do not participate in the network as a node or miner can view these transactions taking place live by looking at block explorers.

More computers (or nodes) added to the blockchain increase its stability and security.

There are currently 12,035 nodes estimated to be running Bitcoin’s code. Though anyone can participate in Bitcoin’s network as a node, as long as they have enough storage to download the entire blockchain and its history of transactions, not all of them are miners.

KEY TAKEAWAYS

  • A Bitcoin halving event is when the reward for mining bitcoin transactions is cut in half.
  • This event also cuts in half Bitcoin’s inflation rate and the rate at which new bitcoins enter circulation.
  • Both previous halvings have correlated with intense boom and bust cycles that have ended with higher prices than prior to the event.
  • Bitcoin last halved on May 11, 2020, around 3 p.m. EST, resulting in a block reward of 6.25 BTC.

Bitcoin Mining

Bitcoin mining is the process by which people use their computers to participate in Bitcoin’s blockchain network as a transaction processor and validator.

Bitcoin uses a system called proof of work (PoW). This means that miners must prove they have put forth effort in processing transactions to be rewarded. This effort includes the time and energy it takes to run the computer hardware and solve complex equations.

Faster computers with certain types of hardware yield larger block rewards and some companies have designed computer chips specifically built for mining. These computers are tasked with processing Bitcoin transactions, and they are rewarded for doing so.

The term mining is not used in a literal sense but as a reference to the way precious metals are gathered.

Bitcoin miners solve mathematical problems and confirm the legitimacy of a transaction. They then add these transactions to a block and create chains of these blocks of transactions, forming the blockchain.

When a block is filled up with transactions, the miners that processed and confirmed the transactions within the block are rewarded with bitcoins.

Transactions of greater monetary value require more confirmations to ensure security. This process is called mining because the work performed to get new bitcoins out of the code is the digital equivalent to the physical work done to pull gold out of the Earth.

El Salvador made Bitcoin legal tender on June 9, 2021. It is the first country to do so. The cryptocurrency can be used for any transaction where the business can accept it. The U.S. dollar continues to be El Salvador’s primary currency.

Bitcoin Halving

After every 210,000 blocks mined, or roughly every four years, the block reward given to Bitcoin miners for processing transactions is cut in half.

This cuts in half the rate at which new bitcoins are released into circulation. This is Bitcoin’s way of using a synthetic form of inflation that halves every four years until all bitcoins are released into circulation.

This system will continue until around the year 2140.

At that point, miners will be rewarded with fees for processing transactions, which network users will pay. These fees ensure that miners still have the incentive to mine and keep the network going. The idea is that competition for these fees will cause them to remain low after the halvings are finished.

The halving is significant because it marks another drop in the rate of new Bitcoins being produced as it approaches its finite supply: the total maximum supply of bitcoins is 21 million. As of October 2021, there are about 18.85 million bitcoins already in circulation, leaving just around 2.15 million left to be released via mining rewards.

In 2009, the reward for each block in the chain mined was 50 bitcoins. After the first halving, it was 25, and then 12.5, and then it became 6.25 bitcoins per block as of May 11, 2020.

To put this in another context, imagine if the amount of gold mined out of the Earth was cut in half every four years. If gold’s value is based on its scarcity, then a “halving” of gold output every four years would theoretically drive its price higher.

Coin Metrics Bitcoin Halving
Coin Metrics logarithmic chart of Bitcoin price action following halvings.

Halving Implications

These halvings reduce the rate at which new coins are created and thus lower the available amount of new supply, even as demand might increase.

This can cause some implications for investors as other assets with low or finite supply, like gold, can have high demand and push prices higher.

In the past, these Bitcoin halvings have correlated with massive surges in Bitcoin’s price.

The first halving, which occurred on Nov. 28, 2012, saw an increase from $12 to $1,217 on Nov. 28, 2013.

The second Bitcoin halving occurred on July 9, 2016. The price at that halving was $647, and by Dec. 17, 2017, a bitcoin’s price had soared to $19,800. The price then fell over the course of a year from this peak down to $3,276 on Dec. 17, 2018, a price 506% higher than its pre-halving price.

The most recent halving occurred on May 11, 2020. On that date, a bitcoin’s price was $8,787. On April 14, 2021, a bitcoin’s price soared to $64,507 (an astonishing 634% increase from its pre-halving price). A month later, on May 11, 2021, a bitcoin’s price was $54,276, representing a 517% increase that seems more consistent with the behavior of the 2016 halving.

On May 12, 2021, Elon Musk, CEO of Tesla, announced that Tesla would no longer accept Bitcoin as payment, resulting in further price fluctuations.

In the week that followed Musk’s statements, the price of a bitcoin plunged below $40,000 after Chinese regulators announced restrictions banning financial institutions and payment companies from providing cryptocurrency-related services.

Though these two announcements may have temporarily created a price drop in Bitcoin, there is the potential that the price fluctuations are more related to the halving behavior we have observed previously.

The theory of the halving and the chain reaction that it sets off works something like this:

The reward is halved → half the inflation → lower available supply → higher demand → higher price → miners incentive still remains, regardless of smaller rewards, as the value of Bitcoin is increased in the process

In the event that a halving does not increase demand and price, then miners would have no incentive. The reward for completing transactions would be smaller, and the value of Bitcoin would not be high enough.

To prevent this, Bitcoin has a process to change the difficulty it takes to get mining rewards, or in other words, the difficulty of mining a transaction.

In the event that the reward has been halved, and the value of Bitcoin has not increased, the difficulty of mining would be reduced to keep miners incentivized.

This means that the quantity of bitcoins released as a reward is still smaller, but the difficulty of processing a transaction is reduced.

This process has proved successful twice. So far, the result of these halvings has been a ballooning in price followed by a large drop.

The crashes that have followed these gains, however, have still maintained prices higher than before these halving events.

For example, as mentioned above, the 2017 to 2018 bubble saw the value of a bitcoin rise to around $20,000, only to fall to around $3,200. This is a massive drop, but a bitcoin’s price before the halving was around $650.3

Though this system has worked so far, the halving is typically surrounded by immense speculation, hype, and volatility, and how the market will react to these events in the future is unpredictable.

The third halving occurred not only during a global pandemic, but also in an environment of heightened regulatory speculation, increased institutional interest in digital assets, and celebrity hype. Given these additional factors, where Bitcoin’s price will ultimately settle in the aftermath remains unclear.

What Happens When Bitcoin Halves?

The term “halving” as it relates to Bitcoin has to do with how many Bitcoin tokens are found in a newly created block.

Back in 2009, when Bitcoin launched, each block contained 50 BTC, but this amount was set to be reduced by 50% roughly every four years.

Today, there have been three halving events, and a block now only contains 6.25 BTC.

When the next halving occurs, a block will only contain 3.125 BTC.

When Have the Halvings Occurred?

The first bitcoin halving occurred on Nov. 28, 2012, after a total of 10,500,000 BTC had been mined. The next occurred on July 9, 2016, and the latest was on May 11, 2020. The next is expected to occur in early 2024.

Why Are the Halvings Occurring Less Than Every Four Years?

The Bitcoin mining algorithm is set with a target of finding new blocks once every 10 minutes.

However, if more miners join the network and add more hashing power, the time to find blocks will decrease.

This is remedied by resetting the mining difficulty (or how hard it is for a computer to solve the mining algorithm) once every two weeks or so to restore a 10-minute target.

As the Bitcoin network has grown exponentially over the past decade, the average time to find a block has consistently remained below 10 minutes (roughly 9.5 minutes).

Does Halving Have Any Effect on the Bitcoin Price?

The price of Bitcoin has risen steadily and significantly from its launch in 2009, when it traded for mere pennies or dollars, to April 2021 when the price of one bitcoin traded for over $63,000.3

Because halving the block reward effectively doubles the cost to miners, who are essentially the producers of bitcoins, it should have a positive impact on price because producers will need to adjust their selling price to their costs.

Empirical evidence does show that Bitcoin prices tend to rise in anticipation of a halvening, often several months prior to the actual event.

What Happens When There Are No More Bitcoins Left in a Block?

Around the year 2140, the last of the 21 million bitcoins ever to be mined will have been mined.

At this point, the halving schedule will cease because there will be no more new bitcoins to be found.

Miners, however, will still be incentivized to continue validating and confirming new transactions on the blockchain because the value of transaction fees paid to miners is expected to rise into the future, the reasons being that a greater transaction volume that has fees will be attached, plus bitcoins will have a greater nominal market value.

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Starting a Bitcoin Mining Business – A Complete Guide

Why Start a Bitcoin Mining Business?

If you love working from home, then you should consider starting an internet based business.

One of the businesses that you can easily start at home with a computer and mining rigs is bitcoin mining.

Simply put, bitcoin is a digital currency that operates independently of any country’s central bank. In order to get an updated value of the worth of a bitcoin, you can make use of Google’s currency converter; it is a reliable platform to know the value of bitcoin each time.

If you are interested in mining bitcoin, then you have two options to follow.

You can choose to mine a block of bitcoins from the computer or you can choose to pool.

If you want quick returns on your investment, then joining a pool is your best option because mining a block of bitcoins from your computer may take you a month or more before you get any return on your investment.

Please note that if you join a pool, you will only get smaller payments, but you can be rest assured that you will get them at a regular basis.

Starting a bitcoin mining business can be rewarding but you would have to compete with other well established bitcoin miners on the World Wide Web. The fact that you will be competing with people from all over the globe is enough reason for you to be result oriented and at the same be creative with your bitcoin mining business.

So, if you have done the required online or offline bitcoin mining related courses, then you might want to venture into this business.

Starting a Bitcoin Mining Business – A Complete Guide

Industry Overview

Bitcoin mining in its simplest term is the practice of adding transaction records to Bitcoin’s public ledger of previous transactions or block chain.

This ledger of previous transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

As a matter of fact, Bitcoin miners help keep the Bitcoin network secure by approving transactions.

Mining is indeed an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and highly secured.

Bitcoin mining as the name implies is similar to the mining of other commodities: it requires deliberate and calculated effort and it slowly makes new currency available at a rate that looks like the rate at which commodities like gold and copper et al are mined from the ground. Mining is also a mechanism used to introduce Bitcoins into the system.

Bitcoin is a type of digital currency that is created and held electronically; it is a cryptocurrency and a digital payment system that is invented by an unknown programmer, or perhaps a group of programmers. No one controls it.

Unlike Dollars, Euros, Pounds and other currencies, bitcoins are not printed, they are produced by people and businesses running computers all around the world, using software that solves mathematical problems.

If you want to start mining bitcoin, you would need an online wallet where your bitcoins will be stored.

There are several wallet options available online for bitcoin mining. The rule of thumb to follow before choosing an online wallet for your bitcoin mining is to choose a wallet that will allow you save bitcoins, buy bitcoins, use bitcoins and also accept bitcoins as a means of payment.

The Bitcoin (cryptocurrency and a digital payment system) industry is indeed a large internet based industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Nigeria, Sweden, Australia, Japan, China, Germany, and Canada et al.

Despite the fact that the bitcoin mining business is still much of a green business, the business will continue to blossom because more and more users will embrace the use of bitcoins in the nearest future.

So, if you have an entrepreneurial mentality and you wish to join a massive technological revolution, you can start your own bitcoin mining business.

The truth is that you can build a bitcoin mining business even if you are not too ICT savvy and have limited capital to invest in software development and infrastructure, as long as you have internet access and you know how to use the internet.

Some of the factors that encourage entrepreneurs to start their own bitcoin mining business could be that the business is easy to set up and the startup capital is indeed affordable; you can actually start your own bitcoin mining business from the comfort of your house.

All you need to do is to create an office somewhere in your house. You don’t necessarily need to see the people you are doing business with since you can transact bitcoin mining business with clients from any part of the world.

Lastly, starting a bitcoin mining business requires professionalism, advanced mathematics skills and a good grasp of how cryptocurrency and the digital payment system works on a global platform.

Besides, you would need to get the required certifications and license and also meet the required standard for such business before you can be allowed to start a bitcoin mining business in the United States.

Starting a Bitcoin Mining Business – Market Research and Feasibility Studies

Demographics and Psychographics

The demographic and psychographic composition of those who require the services of bitcoin miners are not restricted to bitcoin exchange and trading companies and bitcoin traders, people and organizations that make online transactions in your immediate community or state, but it cuts across people on the cyber space who make use of bitcoins from all over the world.

This is so because bitcoin is a cryptocurrency and a digital payment system used basically on the internet hence the leverage to work for people and organization all across the globe.

So, if you are looking towards defining the demographics of your bitcoin mining business, you should make it all encompassing. It should include bitcoin exchange and trading companies and bitcoin traders, programmers, investors, and internet – business oriented people and organizations within and outside the United States.

List of Niche ideas Within the Bitcoin Mining Business That You Can Specialize in

Most bitcoin mining companies tend to operate the general bitcoin mining business that a standard bitcoin mining poll/company is expected to offer, that is why it seems like there are no niche areas in the industry.

But on the other hand, some bitcoin mining company may decide to major in some key areas such as:

  • Bitcoin cloud mining
  • Bitcoin cloud hashing
  • Providing other related bitcoin, cryptocurrency and digital payment system consulting and advisory services

The Level of Competition in the Bitcoin Mining Services Industry

The level of competition in the cryptocurrency and a digital payment system industry does not in any way depend on the location of the business since most people that mine bitcoin can operate from any part of the world and still effectively compete in the bitcoin mining line of business cum cryptocurrency and a digital payment system industry.

When it comes to bitcoin mining, distance is never a barrier when competing for clients especially international clients.

What most clients want is result, hence they are ready to make use of bitcoin miners or bitcoin mining platforms no matter the part of the world they operate from as long as they have good track record and can deliver excellent results when it comes to mining and selling bitcoins to them.

There are several bitcoin miners and bitcoin mining pools scattered all around the United States and in the cyber space.

So, if you choose to start your own bitcoin mining company in the United States, you will definitely meet stiffer competitions not only amongst bitcoin mining companies in the United States, but also all over the globe especially if you choose to specialize in cryptocurrency and digital payment system.

List of Well – Known Brands in the Bitcoin Mining Business

In every industry, there are always brands that perform better or are better regarded by customers and the general public than others. Some of these brands are those that have been in the industry for a long time, while others are best known for the results they deliver.

These are some of the leading bitcoin mining companies (bitcoin mining pools) in the United States of America and also in the globe:

Economic Analysis

As an ICT aspiring entrepreneur who is looking for a business that requires programming and mathematics skills and perhaps minimal startup capital to start, then you can consider starting a bitcoin mining pool.

The cost of running a standard bitcoin mining pool when compared to the turnover you get can be poles apart (this is applicable when you have been able to establish your feet in the industry).

One thing is certain when it comes to the bitcoin mining business and most internet based businesses, you are sure of making profits when you successfully produce results that are measurable.

As a matter of fact, the cost of running the business from start to finish could be restricted to the cost of making phone calls, transportation and internet subscriptions, PR and of course bitcoin mining and hashing hardware and software et al.

Starting Your Bitcoin Mining Company from Scratch vs Buying a Franchise

When it comes to starting a business of this nature, it will pay you to start from the scratch as against buying a franchise.

First and foremost, it is your ability to mine or hash bitcoin that matters not a brand name.

Except you want to join a well-established bitcoin mining pool that fits into your business ideology.

Unfortunately, you can hardly find a franchise of a bitcoin mining pool – company to purchase meaning that if you want to own a bitcoin mining (pool) business, then you must be ready to start from the scratch.

This is so because the business is easy to start if you have the required expertise and it is still pretty much thriving and there are loads of opportunities available to aspiring entrepreneurs that are interested in the industry.

The truth is that it will pay you to start your bitcoin mining company from the scratch. Starting from the scratch will afford you the opportunity to conduct thorough market survey and feasibility studies before choosing a location to launch the business.

Please note that most of the big and successful bitcoin mining companies around started from the scratch and they were able to build a solid business brand.

Possible Threats and Challenges You Will Face When Starting a Bitcoin Mining Business

If you decide to start your own bitcoin mining business today, one of the major challenges you are likely going to face is the presence of well – established bitcoin mining companies who are offering same services that you intend offering. The only way to avoid this challenge is to create your own market.

Some other threats that you are likely going to face as a bitcoin mining company operating in the United States are hosting issues, installation or upkeep troubles, heat, unfavorable government policies, and global economic downturn which usually affects purchasing/spending power. There is hardly anything you can do as regards these threats other than to be optimistic that things will continue to work for your good.

Starting a Bitcoin Mining Business – Legal Matters

Best legal entity to use for this type of business

Generally, you have the options of either choosing a general partnership, limited liability company which is commonly called an LLC, or a sole proprietorship for a business such as a bitcoin mining company.

Ordinarily, general partnership should have been the ideal business structure for a small – scale bitcoin mining business especially if you are just starting out with moderate startup capital.

But people prefer limited liability Company for obvious reasons. As a matter of fact, if your intention is to grow the business and have clients both corporate and individual from all across the United States of America and other countries of the world, then choosing general partnership is not an option for you. Limited Liability Company, LLC will be highly suitable for you.

Setting up an LLC protects you from personal liability. If anything goes wrong in the business, it is only the money that you invested into the limited liability company that will be at risk. It is not so for sole proprietorships and general partnerships. Limited liability companies are simpler and more flexible to operate and you don’t need a board of directors, shareholders meetings and other managerial formalities.

These are some of the factors you should consider before choosing a legal entity for your bitcoin mining (pool) business; limitation of personal liability, ease of transferability, admission of new owners, investors’ expectation and of course taxes.

If you take your time to critically study the various legal entities to use for your bitcoin mining business, you will agree that limited liability company; an LLC is most suitable. You can start this type of business as limited liability company (LLC) and in future convert it to a ‘C’ corporation or an ‘S’ corporation especially when you have the plans of going public.

Catchy Business Name ideas Suitable for a Bitcoin Mining Company

Generally, when it comes to choosing a name for a business, it is expected that you should be creative because whatever name you choose for your business will go a long way to create a perception of what the business represents. Usually it is the norm for people to follow the trend in the industry they intend operating from when naming their business.

Insurance Policies

In the United States and in most countries of the world, you can’t operate a business without having some of the basic insurance policy covers that are required by the industry you want to operate from. So, it is imperative to create a budget for insurance policy covers and perhaps consult an insurance broker to guide you in choosing the best and most appropriate insurance policies for your bitcoin mining business.

Here are some of the basic insurance policy covers that you should consider purchasing if you want to start your own bitcoin mining business in the United States of America:

  • General insurance
  • Health insurance
  • Liability insurance
  • Workers compensation
  • Overhead expense disability insurance
  • Business owner’s policy group insurance
  • Payment protection insurance
  • Intellectual Property Protection/Trademark

If you are considering starting your own bitcoin mining business, usually you may not have any need to file for intellectual property protection/trademark. This is so because the nature of the business makes it possible for you to successfully run the business without having any cause to challenge anybody in court for illegally making use of your company’s intellectual properties.

Is Professional Certification Needed to Run a Bitcoin Mining Business?

Apart from the results you produce, professional certification is one of the main reasons why most bitcoin mining companies stand out.

If you want to make an impact in the Bitcoin industry, you should work towards acquiring all the needed certifications in your area of specialization.

Certification validates your competency and shows that you are highly skilled, committed to your career, and up-to-date in this competitive market.

These are some of the certifications you can work towards achieving if you want to run your own bitcoin mining company:

  • Certified Bitcoin Professional (CBP) | Crypto Currency Certification
  • Blockcerts Certification
  • Cryptocurrency certification
  • Ethereum certification
  • Blockchain professional certification

List of Legal Documents You Need to Run a Bitcoin Mining Company

These are some of the basic legal documents that you are expected to have in place if you want to legally run your own bitcoin mining business in the United States of America:

  • Certificate of Incorporation
  • Business License and Certification
  • Business Plan
  • Non – disclosure Agreement
  • Employment Agreement (offer letters)
  • Operating Agreement for LLCs
  • Insurance Policy
  • Contract documents
  • Online Privacy Policy Document (basically   for online payment portal)
  • Company Bylaws
  • Memorandum of Understanding (MoU)
  • Apostille (for those who intend operating beyond the United States of America) 

Financing Your Bitcoin Mining Company

Aside from the amount required to purchase bitcoin mining software and hardware, bitcoins and of course cryptocurrency and other forms of digital payment required to trade with, starting a bitcoin mining business can be cost effective especially if you choose to run the business from your home, share office space with a friend or make use of a virtual office.

Securing a standard office is part of what will consume a large chunk of your startup capital, but if you choose to start the business on a small scale, you may not have the need to go source for fund to finance the business.

When it comes to financing a business, one of the major factors that you should consider is to write a good business plan.

If you have a good and workable business plan document in place, you may not have to labor yourself before convincing your bank, investors and your friends to invest in your business.

Here are some of the options you can explore when sourcing for start – up capital for your bitcoin mining/trading business:

  • Raising money from personal savings and sale of personal stocks and properties
  • Sell of shares to interested investors
  • Pitching your business idea and applying for business grants and seed funding from donor organizations and angel investors
  • Source for soft loans from your family members and your friends

Choosing a Suitable Location for your Bitcoin Mining Business

Bitcoin mining business and most internet service based type of businesses do not require that you see physically with your clients, hence the location you chose does not necessarily need to be top-notch.

But the fact that you can operate your bitcoin mining business from your home does not mean that location has little influence on the success of a bitcoin mining company.

If you have taken your time to study the bitcoin mining and other internet based businesses, you will realize that they are willing to pay expensive rents in order to stay in an ICT hub; a place with pretty strong internet network and of course a place where ICT activities are at its peak.

It is important to note that a business facility in a good location does not come cheap hence you should be able to allocate enough fund for leasing/renting in your budget.

If you are new to the dynamics of choosing a location for a business such as bitcoin mining business, then you should feel free to talk to a business consultant or a realtor who has a full grasp of the city and perhaps country you intend starting your company.

So, if you are looking for a location for your bitcoin mining company, ensure that it is a place that is located in an ICT hub; a place with pretty strong internet network and of course a place where ICT activities are at its peak.

Of course, you would not want to locate this type of business in the outskirts of town or a place without strong internet network. Your clients should be able to drive down and locate your office with little or no difficulty.

Starting a Bitcoin Mining Business – Technical and Manpower Details

In order to successfully launch a bitcoin mining business, you will definitely need bitcoin mining software apps and hardware such as Application-specific integrated circuit (ASIC) machines and other cryptocurrency and digital payment system related software apps and wallet.

So also, you will need computers, internet facility, telephone, fax machine and office furniture (chairs, tables, and shelves).

When it comes to choosing between renting and leasing an office space, the size of the bitcoin mining company you want to build, and your entire budget for the business should influence your choice.

If you have enough capital to run a standard bitcoin mining company, then you should consider the option of leasing a facility for your office.

As regards the number of employees that you are expected to kick start the business with, you would need to consider your finance before making the decision.

Averagely, you would need a Chief Executive Officer or President (you can occupy this role), an Admin and Human Resource Manager, Bitcoin Miners and Hashers, Programmers and Software Developers, Business Development Executive/marketing Executive, Customer Service Officer or Front Desk Officer, and Accountant.

Over and above, you would need a minimum of 8 key staff to effectively run a medium scale but standard bitcoin mining company.

Please note that there will be times when you are expected to go out of your way to hire experts to help you handle some high – profile internet based currency consultancy contracts especially from big corporations.

If you are just starting out, you may not have the financial capacity or required business structure to retain all the professionals that are expected to work with you which is why you should make plans to partner with other programmers and software app developers and computer engineers that operates as freelancers.

The Service Delivery Process of a Bitcoin Mining Company

It is the tradition in the cryptocurrency industry for bitcoin miners to help keep the Bitcoin network secure by approving transactions.

The truth is that mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

In the cryptocurrency and other forms of digital payment system industry, bitcoin miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart process of issuing the currency and also creates an incentive for more people to mine.

For instance, when a block is discovered, the miners are rewarded a certain number of bitcoins, which is agreed-upon by everyone in the network.

Currently the reward is 6.25 bitcoins and this value will halve every 210,000 blocks.

Additionally, the bitcoin miner is awarded the fees paid by users sending transactions. The fee is an incentive for the bitcoin miner to include the transaction in their block.

It is important to state that a bitcoin mining (pool) company may decide to improvise or adopt any business process and structure that will guarantee them efficiency and flexibility; the above stated business cum services process is not cast on stone.

Starting a Bitcoin Mining Business – The Marketing Plan

Marketing ideas and strategies

As a bitcoin mining company, you would have to prove your worth over and over again before you can be awarded any bitcoin mining and hashing contracts from corporate clients.

So, if you have plans to start your own bitcoin mining company, it will pay you to first build a successful career in the digital payment system industry.

People and organizations will hire your services to help them handle all their bitcoin mining and hashing needs if they know that they are going to get good returns on their investment.

So, when you are drafting your marketing plans and strategies for your bitcoin mining company, make sure that you create a compelling personal and company profile.

Aside from your qualifications and experience, it is important to clearly state in practical terms what you have been able to achieve in time past as it relates to the cryptocurrency industry and the organizations you have worked for in time past.

This will help boost your chances in the market place when sourcing for bitcoin mining and hashing contracts.

Businesses these days are aware of the power of the internet and which is why they will do all they can to maximize the internet to market their services.

In other words, a larger percentage of your marketing efforts should be directed to internet users.

Here are some of the platforms you can utilize to market your bitcoin mining company:

  • Introduce your business by sending introductory letters alongside your brochure to all the bitcoin exchange and trading companies and bitcoin traders, programmers, investors, and internet – business oriented people and organizations within and outside the United States
  • Promptness in bidding for bitcoin mining and hashing contracts from bitcoin exchange and trading companies cum bitcoin traders, programmers, investors, and internet – business oriented people and organizations within and outside the United States
  • Advertise your business in relevant programming magazines, radio and TV stations (make yourself available for bitcoin mining and cryptocurrency related talk shows and interactive sessions on TV and Radio)
  • List your business on local directories
  • Attend international bitcoin mining and cryptocurrency related seminars and business fairs
  • Create different packages for different category of clients in order to work with their budgets
  • Join related associations around you with the main aim of networking and marketing your services; you are likely going to get referrals from such networks
  • Engage the services of online marketing executives and business developers to carry out direct marketing

Factors That Will Help You Get the Right Product Pricing

Some of the key factors that will help you mine or hash bitcoin in a profitable pricing system is to ensure that you work with highly talented programmers and mathematicians in your bitcoin mining pool.

You should also ensure that you get your bitcoin mining software and hardware at good deal not forgetting to run your maintenance as at when due.

Another strategy that will help you offer your bitcoin mining and hashing services at the right price is to ensure that you cut operational and maintenance cost to the barest minimum, and channel your efforts towards marketing and promoting your brand name.

Aside from the fact that this strategy will help you save cost, it will also help you get the right pricing for your products.

Strategies to Boost Your Bitcoin Mining Brand Awareness and Create Your Corporate Identity

If your intention of starting a bitcoin mining company is to grow the business beyond the city where you are going to be operating from to become a national and international brand, then you must be ready to spend money on promotion and advertisement of your brand.

In promoting your brand and corporate identity, you should leverage on both print and electronic media and also social media (the internet).

As a matter of fact, it is cost effective to use the internet and social media platforms to promote your brands, besides it is pretty much effective and wide reaching.

Another strategy is to sponsor relevant programmer/ICT based programs, TV and radio programs, advertise your business in relevant magazines and newspapers. Below are the platforms you can leverage on to boost your brand and to promote and advertise your business.

Place adverts on ICT magazines and related newspapers, radio and TV stations

Encourage the use of word of mouth publicity from your loyal customers

Leverage on the internet and social media platforms like YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote your business

Ensure that you position your banners and billboards in strategic positions all around your city

Distribute your fliers and handbills in target areas in and around our neighborhood

Contact bitcoin exchange and trading companies cum bitcoin traders, programmers, investors, and internet – business oriented people and organization within and outside the United States by calling them up and informing them of your organization and the bitcoin mining and hashing services you offer

Advertise your business in your official website and employ strategies that will help you pull traffic to the site

Brand all your official cars and ensure that all your staff members wear your branded shirt or cap at regular intervals.

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0x602e8Ca3984943cef57850BBD58b5D0A6677D856


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addr1q88c5cccnrqy6xesszzvf7rd4tcz87klt0m0h6uvltywqe8txwmsrrqdnpq27594tyn9vz59zv0n8367lvyc2atvrzvqlvdm9d


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B-Money

Web Dai – B-Money

I am fascinated by Tim May's crypto-anarchy. 

Unlike the communities
traditionally associated with the word "anarchy", in a crypto-anarchy the
government is not temporarily destroyed but permanently forbidden and
permanently unnecessary. 

It's a community where the threat of violence is
impotent because violence is impossible, and violence is impossible because its participants cannot be linked to their true names or physical locations.
 
Until now it's not clear, even theoretically, how such a community could operate. 

A community is defined by the cooperation of its participants, and efficient cooperation requires a medium of exchange (money) and a way to enforce contracts. 

Traditionally these services have been provided by the government or government sponsored institutions and only to legal entities. 

In this article I describe a protocol by which these services can be provided to and by untraceable entities.
 
I will actually describe two protocols. The first one is impractical,because it makes heavy use of a synchronous and unjammable anonymous
broadcast channel. However it will motivate the second, more practical protocol.

In both cases I will assume the existence of an untraceable network, where senders and receivers are identified only by digital
pseudonyms (i.e. public keys) and every messages is signed by its sender
and encrypted to its receiver.
 
In the first protocol, every participant maintains a (seperate) database of how much money belongs to each pseudonym. These accounts collectively define the ownership of money, and how these accounts are updated is the subject of this protocol.
 
1. The creation of money. Anyone can create money by broadcasting the
solution to a previously unsolved computational problem. The only
conditions are that it must be easy to determine how much computing effort
it took to solve the problem and the solution must otherwise have no
value, either practical or intellectual. The number of monetary units
created is equal to the cost of the computing effort in terms of a
standard basket of commodities. For example if a problem takes 100 hours
to solve on the computer that solves it most economically, and it takes 3
standard baskets to purchase 100 hours of computing time on that computer
on the open market, then upon the broadcast of the solution to that
problem everyone credits the broadcaster's account by 3 units.
 
2. The transfer of money. If Alice (owner of pseudonym K_A) wishes to
transfer X units of money to Bob (owner of pseudonym K_B), she broadcasts
the message "I give X units of money to K_B" signed by K_A. 
 
Upon the broadcast of this message, everyone debits K_A's account by X units and
credits K_B's account by X units, unless this would create a negative
balance in K_A's account in which case the message is ignored.
 
3. The effecting of contracts. A valid contract must include a maximum
reparation in case of default for each participant party to it. It should
also include a party who will perform arbitration should there be a
dispute. All parties to a contract including the arbitrator must broadcast
their signatures of it before it becomes effective. Upon the broadcast of
the contract and all signatures, every participant debits the account of
each party by the amount of his maximum reparation and credits a special
account identified by a secure hash of the contract by the sum the maximum
reparations. The contract becomes effective if the debits succeed for
every party without producing a negative balance, otherwise the contract
is ignored and the accounts are rolled back. A sample contract might look
like this:
 
K_A agrees to send K_B the solution to problem P before 0:0:0 1/1/2000.
K_B agrees to pay K_A 100 MU (monetary units) before 0:0:0 1/1/2000. K_C
agrees to perform arbitration in case of dispute. K_A agrees to pay a
maximum of 1000 MU in case of default. K_B agrees to pay a maximum of 200
MU in case of default. K_C agrees to pay a maximum of 500 MU in case of
default.
 
4. The conclusion of contracts. If a contract concludes without dispute,
each party broadcasts a signed message "The contract with SHA-1 hash H
concludes without reparations." or possibly "The contract with SHA-1 hash
H concludes with the following reparations: ..." Upon the broadcast of all
signatures, every participant credits the account of each party by the
amount of his maximum reparation, removes the contract account, then
credits or debits the account of each party according to the reparation
schedule if there is one.
 
5. The enforcement of contracts. If the parties to a contract cannot agree
on an appropriate conclusion even with the help of the arbitrator, each
party broadcasts a suggested reparation/fine schedule and any arguments or
evidence in his favor. Each participant makes a determination as to the
actual reparations and/or fines, and modifies his accounts accordingly.
 
In the second protocol, the accounts of who has how much money are kept by
a subset of the participants (called servers from now on) instead of
everyone. These servers are linked by a Usenet-style broadcast channel.

The format of transaction messages broadcasted on this channel remain the
same as in the first protocol, but the affected participants of each
transaction should verify that the message has been received and
successfully processed by a randomly selected subset of the servers.
 
Since the servers must be trusted to a degree, some mechanism is needed to
keep them honest. Each server is required to deposit a certain amount of
money in a special account to be used as potential fines or rewards for
proof of misconduct. Also, each server must periodically publish and
commit to its current money creation and money ownership databases. Each
participant should verify that his own account balances are correct and
that the sum of the account balances is not greater than the total amount
of money created. This prevents the servers, even in total collusion, from
permanently and costlessly expanding the money supply. New servers can
also use the published databases to synchronize with existing servers.
 
The protocol proposed in this article allows untraceable pseudonymous
entities to cooperate with each other more efficiently, by providing them
with a medium of exchange and a method of enforcing contracts. The
protocol can probably be made more efficient and secure, but I hope this
is a step toward making crypto-anarchy a practical as well as theoretical
possibility.
 
-------
 
Appendix A: alternative b-money creation
 
One of the more problematic parts in the b-money protocol is money
creation. This part of the protocol requires that all of the account
keepers decide and agree on the cost of particular computations.
Unfortunately because computing technology tends to advance rapidly and
not always publicly, this information may be unavailable, inaccurate, or
outdated, all of which would cause serious problems for the protocol.
 
So I propose an alternative money creation subprotocol, in which account
keepers (everyone in the first protocol, or the servers in the second
protocol) instead decide and agree on the amount of b-money to be created
each period, with the cost of creating that money determined by an
auction. Each money creation period is divided up into four phases, as
follows:
 
1. Planning. The account keepers compute and negotiate with each other to
determine an optimal increase in the money supply for the next period. 

Whether or not the account keepers can reach a consensus, they each
broadcast their money creation quota and any macroeconomic calculations
done to support the figures. 
 
2. Bidding. Anyone who wants to create b-money broadcasts a bid in the
form of <x, y> where x is the amount of b-money he wants to create, and y
is an unsolved problem from a predetermined problem class. Each problem in
this class should have a nominal cost (in MIPS-years say) which is
publicly agreed on.
 
3. Computation. After seeing the bids, the ones who placed bids in the
bidding phase may now solve the problems in their bids and broadcast the
solutions.
 
4. Money creation. Each account keeper accepts the highest bids (among
those who actually broadcasted solutions) in terms of nominal cost per
unit of b-money created and credits the bidders' accounts accordingly

http://www.weidai.com/bmoney.txt

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Napoleon Hill Quotes

Napoleon Hill

Napoleon Hill was an American author in the area of the new thought movement who was one of the earliest producers of the modern genre of personal-success literature.

He is widely considered to be one of the great writers on success.

His most famous work, Think and Grow Rich (1937), is one of the best-selling books of all time (at the time of Hill’s death in 1970, Think and Grow Rich had sold 20 million copies).

Hill’s works examined the power of personal beliefs, and the role they play in personal success.

He became an advisor to President Franklin D. Roosevelt from 1933 to 1936. “What the mind of man can conceive and believe, it can achieve” is one of Hill’s hallmark expressions.

How achievement actually occurs, and a formula for it that puts success in reach of the average person, were the focal points of Hill’s books.

” The starting point of all achievement is DESIRE.

Keep this constantly in mind.

Weak desire brings weak results, just as a small fire makes a small amount of heat. “

Napoleon Hill – “Think and Grow Rich”

Desire

Whatever the mind can conceive and believe, it can achieve. “

Napoleon Hill – “Think and Grow Rich”

The Mind

” You are the master of your destiny.

You can influence, direct and control your own environment.

You can make your life what you want it to be. “

Napoleon Hill – “Think and Grow Rich”

The Master of your destiny

” When defeat comes, accept it as a signal that your plans are not sound, rebuild those plans, and set sail once more toward your coveted goal. “

Napoleon Hill – “Think and Grow Rich”

Defeat

” Do not wait: the time will never be ‘just right’.

Start where you stand, and work whatever tools you may have at your command and better tools will be found as you go along. “

Napoleon Hill

Time will never be just right’

” When your desires are strong enough, you will appear to possess superhuman powers to achieve. “

Napoleon Hill

Desires and superhuman powers

” A quitter never wins and a winner never quits. “

Napoleon Hill

Quitter vs. Winner

” The man who does more than he is paid for will soon be paid for more than he does. “

Napoleon Hill

More than you’re paid

” Our only limitations are those we set up in our own minds. “

Napoleon Hill

Limitations

” Happiness is found in doing, not merely possessing. “

Napoleon Hill – “Think and Grow Rich”

Happiness

” An educated man is not, necessarily, one who has an abundance of general or specialized knowledge.

An educated man is one who has so developed the faculties of his mind that he may acquire anything he wants, or its equivalent, without violating the rights of others. “

Napoleon Hill – “Think and Grow Rich”

An educated man

” Every adversity, every failure, every heartbreak, carries with it the seed of an equal or greater benefit. “

Napoleon Hill – “Think and Grow Rich”

The Seed

” More gold had been mined from the mind of men than the earth it self. “

Napoleon Hill – “Think and Grow Rich”

Mind gold

” A goal is a dream with a deadline. “

Napoleon Hill

Goal

” Opinions are the cheapest commodities on earth.

Everyone has a flock of opinions ready to be wished upon anyone who will accept them.

If you are influenced by “opinions” when you reach DECISIONS, you will not succeed in any undertaking. “

Napoleon Hill – “Think and Grow Rich”

Opinions…cheapest commodities on earth !

” We refuse to believe that which we don’t understand. “

Napoleon Hill – “Think and Grow Rich”

Refuse to believe…

” You are entitled to know that two entities occupy your body.

One of these entities is motivated by and responds to the impulse of fear.

The other is motivated by and responds to the impulse of faith.

Will you be guided by faith or will you allow fear to overtake you? “

Napoleon Hill – “Outwitting the Devil: The Secret to Freedom and Success”

Fear

” Remember that your dominating thoughts attract, through a definite law

of nature, by the shortest and most convenient route, their physical counterpart.

Be careful what your thoughts dwell

upon. “

Napoleon Hill – “Outwitting the Devil: The Secret to Freedom and Success”

Law of Nature

” IF – and this is the greatest of them all – I had the courage to see myself as I really am, I would find out what is wrong with me, and correct it, then I might have a chance to profit by my mistakes and learn something from the experience of others,for I know that there is something WRONG with me, or I would now be where I WOULD HAVE BEEN IF I had spent more time analyzing my weaknesses, and less time building alibis to cover them. “

Napoleon Hill – “Think and Grow Rich”

Courage to see thyself

” First comes thought; then organization of that thought, into ideas and plans; then transformation of those plans into reality.

The beginning, as you will observe, is in your imagination. “

Napoleon Hill

Imagination

” The strongest oak of the forest is not the one that is protected from the storm and hidden from the sun.

It’s the one that stands in the open where it is compelled to struggle for its existence against the winds and rains and the scorching sun. “

Napoleon Hill

Strongest oak

” Weak desires bring weak results, just as a small amount of fire brings a small amount of heat. “

Napoleon Hill

Weak desires

” Persistence is to the character of man as carbon is to steel. “

Napoleon Hill

Persistance

” A genius is simply one who has taken full possession of his own mind and directed it toward objectives of his own choosing, without permitting outside influences to discourage or mislead him. “

Napoleon Hill

Genius

” Neglecting to broaden their view has kept some people doing one thing all their

lives. “

Napoleon Hill – “Think and Grow Rich”

Broaden your view

” If you are not learning while you’re earning, you are cheating yourself out of the better portion of your compensation. “

Napoleon Hill

Learning while you’re earning

” Wise men, when in doubt whether to speak or to keep quiet, give themselves the benefit of the doubt, and remain silent. “

Napoleon Hill

Silence

” One who has loved truly, can never lose entirely.

Love is whimsical and temperamental. Its nature is ephemeral, and transitory.

It comes when it pleases,and goes away without warning.

Accept and enjoy it while it remains, but spend no time worrying about its departure.

Worry will never bring it back. “

Napoleon Hill – “Think and Grow Rich”

Love

” TELL THE WORLD WHAT YOU INTEND TO DO, BUT FIRST SHOW IT.

This is the equivalent of saying “deeds, and not words, are what count most. “

Napoleon Hill – “Think and Grow Rich”

” Remember,too,that all who succeed in life get off to a bad start,and pass through many heartbreaking struggles before they “arrive”.

The turning point in the lives of those who succeed usually comes at some moment of crisis,through which they are introduced to their “other selves”. “

Napoleon Hill – “Think and Grow Rich”

The turning point

“Most great people have attained their greatest success just one step beyond

their greatest failure.”

Napoleon Hill

One step beyond your greatest failure

” Awake,arise,and assert yourself,

you dreamers of the world.

Your star is now in ascendancy. “

Napoleon Hill – “Think and Grow Rich”

Dreamers of the world

” Most so called FAILURES are only temporary defeats. “

Napoleon Hill – “Law of Success”

Temporary defeats

” Effort only fully releases its reward after a person refuses to quit. “

Napoleon Hill

Effort and reward

” Fears are nothing more than a state of mind. “

Napoleon Hill – “Law of Success”

Fears

” Whatever the mind can conceive and believe, the mind can achieve regardless of how many times you may have failed in the past or how lofty your aims and hopes may be. “

Napoleon Hill

The mind

” You are entitled to know that two entities occupy your body.

One of these entities is motivated by and responds to the impulse of fear.

The other is motivated by and responds to the impulse of faith.

Will you be guided by faith or will you allow fear to overtake you? “

Napoleon Hill – “Outwitting the Devil: The Secret to Freedom and Success”

Faith vs Fear

” The only limitation is that which one sets up in one’s own mind. “

Napoleon Hill – “Think and Grow Rich”

Limitation

” Every man is what he is, because of the dominating thoughts which he permits to occupy his mind. “

Napoleon Hill – “Think and Grow Rich”

Dominating thoughts

” There is no substitute for persistence.

The person who makes persistence his watch-word, discovers that “Old Man Failure” finally becomes tired, and makes his departure.

Failure cannot cope with persistence. “

Napoleon Hill – “Think and Grow Rich”

Persistance

” The most practical of all methods for controlling the mind is the habit of keeping it busy with a definite purpose, backed by a definite plan.”

And


“A man whose mind is filled with fear not only destroys his own chances of intelligent action, but he transmits these destructive vibrations to the minds of all who come in contact with him, and destroys, also, their chances.”

Napoleon Hill – “Think and Grow Rich”

Mind busy with definite purpose

” Patience, persistence and perspiration make an unbeatable combination for success. “

Napoleon Hill

3 P’s

“Success requires no explanations.

Failure permits no alibis.”

Napoleon Hill – “Think and Grow Rich”

Success

” He had nothing to start with, except the capacity to know what he wanted, and the determination to stand by that desire until he realized it. “

Napoleon Hill, Think and Grow Rich

Determination and Desire

” Nature will not tolerate idleness or vacuums of any sort.

All space must be and is filled with something . . .

When the individual does not use the brain for the expression of positive, creative thoughts, nature fills the vacuum by forcing the brain to act upon negative thoughts.

Napoleon Hill – “Outwitting the Devil: The Secret to Freedom and Success”

Nature

” In parting, I would remind you that “Life is a checkerboard, and the player opposite you is time.

If you hesitate before moving, or neglect to move promptly, your men will be wiped off the board by time.

You are playing against a partner who will not tolerate decisions! “

Napoleon Hill – “Think and Grow Rich”

Life is a checkboard

” Close friends and relatives, while not meaning to do so, often handicap one through “opinions” and sometimes through ridicule, which is meant to be humorous.

Thousands of men and women carry inferiority complexes with them all through life, because some well-meaning, but ignorant person destroyed their confidence through “opinions” or ridicule. “

Napoleon Hill – “Think and Grow Rich”

Opinions

” If you must be careless with your possessions, let it be in connection with material things.

Your mind is your spiritual estate!

Protect and use it with the care to which Divine Royalty is entitled.

You were given a WILL-POWER for this purpose. “

Napoleon Hill – “Think and Grow Rich”

Your mind is your spiritual estate

” Deliberately seek the company of people who influence you to think and act for yourself. “

Napoleon Hill – “Think and Grow Rich”

Company of people who influence you

” Remember, the thoughts that you think and the statements you make regarding yourself determine your mental attitude.

If you have a worthwhile objective, find the one reason why you can achieve it rather than hundreds of reasons why you can’t. “

Napoleon Hill

Worthwhile objective

” Failure always is a blessing when it forces one to acquire knowledge or to build habits that lead to the achievement of one’s major purpose in life. “

Napoleon Hill – “Outwitting the Devil: The Secret to Freedom and Success”

Failure

” All the breaks you need in life wait within your imagination.

Imagination is the workshop of your mind, capable of turning mind energy into accomplishment and wealth. “

Napoleon Hill

Imagination – the workshop of your mind

“Knowledge has no value except that which can be gained from its application towards some worthy end.”

Napoleon Hill, Think and Grow Rich

Knowledge

” The ladder of success is never crowded at the top. “

Napoleon Hill – “Think and Grow Rich”

Ladder of success

” There is one weakness in people for which there is no remedy.

It is the universal weakness of LACK OF AMBITION! “

Napoleon Hill – “Think and Grow Rich”

Lack of Ambition

“One of the most common causes of failure is the habit of quitting when one is overtaken by temporary defeat.”

Napoleon Hill – “Think and Grow Rich”

Temporary defeat

” Love is essential for happiness, but the person who loves so deeply that his or her happiness is placed entirely in the hands of another, resembles the little lamb who crept into the den of the nice, gentle little wolf and begged to be permitted to lie down and go to sleep, or the canary. “

Napoleon Hill – “The Law of Success in Sixteen Lessons”

Love

” The leaders in every walk of life decide quickly, and firmly.

That is the major reason why they are leaders.

The world has the habit of making room for the man whose words and actions show that he knows where he is going. “

Napoleon Hill – “Think and Grow Rich”

Know where you’re going

” ASK any wise man what he most desires and he will, more than likely, say “more wisdom. “

Napoleon Hill – “The Law of Success in Sixteen Lessons”

More Wisdom

” You have a brain and mind of your own.

Use it, and reach your own decisions. “

Napoleon Hill – “Think and Grow Rich”

You have a brain…Use it!

Thoughts are things,” and powerful things at that, when they are mixed with definiteness of purpose, persistence, and a burning desire…

Napoleon Hill

Thoughts are things

” Every person who wins in any undertaking must be willing to burn his ships and cut all sources of retreat.”

Napoleon Hill – “Think and Grow Rich”

No retreat

” The mind has a definite way of clothing one’s thoughts in appropriate physical equivalents.

Think in terms of poverty and you will live in poverty.

Think in terms of opulence and you will attract opulence.

Through the eternal law of harmonious attraction, one’s thoughts always clothe themselves in material things appropriate unto their nature. “

Napoleon Hill – “You Can Work Your Own Miracles”

The Mind

” No man is your enemy, no man is your friend, every man is your teacher. “

Napoleon Hill – “The Prosperity Bible: The Greatest Writings of All Time on the Secrets to Wealth and Prosperity”

Every man is your teacher

” INSUFFICIENT EDUCATION.

This is a handicap that may be overcome with comparative ease.

Experience has proven that the best-educated people are often those who are known as ‘self-made’ or self-educated.

It takes more than a university degree to make one a person of education.

Any person who is educated has learned to get whatever they want in life without violating the rights of others.

Education consists not so much of knowledge, but of knowledge effectively and persistently applied.

People are paid not merely for what they know, but more particularly for what they do with what they know. “

Napoleon Hill – “Think and Grow Rich”

Self-Education

” Then accumulated knowledge is not wisdom?

A Great heavens, no!

If knowledge were wisdom, the achievements of science would not have been converted into implements of destruction. “

Napoleon Hill – “Outwitting the Devil: The Secret to Freedom and Success”

Knowledge vs Wisdom

” The entire world is made up of only two things, energy and matter.

In elementary physics we learn that neither matter nor energy (the only two realities known to man) can be created nor destroyed.

Both matter and energy can be transformed, but neither can be destroyed.

Life is energy, if it is anything.

If neither energy nor matter can be destroyed, of course life cannot be destroyed.

Life, like other forms of energy, may be passed through various processes of transition, or change, but it cannot be destroyed.

Death is mere transition.

If death is not mere change, or transition, then nothing comes after death except a long, eternal, peaceful sleep, and sleep is nothing to be feared.

Thus you may wipe out, forever, the fear of Death. “

Napoleon Hill – “Think and Grow Rich”

Fear of Death

” ‘Master Mind’, meaning a mind that is developed through the harmonious co-operation of two or more people who ally themselves for the purpose of accomplishing any given task. “

Napoleon Hill – “The Law of Success”

“Master Mind”

” KNOWLEDGE will not attract money, unless it is organized, and intelligently directed, through practical PLANS OF ACTION, to the DEFINITE END of accumulation of money.

Lack of understanding of this fact has been the source of confusion to millions of people who falsely believe that “knowledge is power.”

It is nothing of the sort!

Knowledge is only potential power.

It becomes power only when, and if, it is organized into definite plans of action, and directed to a definite end. “

Napoleon Hill – “Think and Grow Rich”

Knowledge is potential power

Sources :

https://en.m.wikipedia.org/wiki/Napoleon_Hill

https://www.goodreads.com/author/quotes/399.Napoleon_Hill

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Door of Opportunity…

Oliver Napoleon Hill (October 26, 1883 – November 8, 1970) was an American  self-help author.

He is best known for his book Think and Grow Rich (1937), which is among the 10 best-selling self-help books of all time.

Hill's works insisted that fervid expectations are essential to improving one's life.

Most of his books were promoted as expounding principles to achieve "success".
Napoleon Hill

Born : October 26, 1883
Pound, Virginia, U.S.

Died : November 8, 1970 (aged 87)
Greenville, South Carolina, U.S.

Occupation : Author,  journalist,  salesman, lecturer

Citizenship : American

Period : 1928–1970

Genre : Non-fiction, self-help


Notable works : 

• Think and Grow Rich (1937)
• The Law of Success (1928)
• Outwitting the Devil (1938)

Spouse :

Florence Elizabeth Horner (1910–1935)

Rosa Lee Beeland (1937–1940?)

Annie Lou Norman (1943–1970)

Children : 3


Hill is, in modern times, a controversial figure.

Accused of fraud, modern historians also doubt many of his claims, such as that he met Andrew Carnegie and that he was an attorney.

Gizmodo has called him "the most famous conman you've probably never heard of".
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