Miss Natoshi’s full-time crypto lifestyle

Who is Miss Natoshi?

Miss Natoshi is one of those bold personalities in the crypto community who both talks the talk and walks the walk. Once the crypto world caught her attention, she did her homework, became a believer in bitcoin and the future of cryptocurrencies, and put her money where her mouth was.

The Full-Time Crypto  Lifestyle

It’s safe to say that Miss Natoshi is a serious crypto investor, always on the hunt for ICO’s and hidden gems with huge potential. She gets down in the trenches on all sorts of crypto exchanges looking for trades that pay.

Miss Natoshi is one of my favorite examples of an effective crypto influencer because she demonstrates both:

1) a high level of expertise and knowledge about the cryptocurrency markets, trading, ico’s and early stage projects

2) an admirable full-time crypto lifestyle, which can go a long way to get people excited about the prospects of investing in cryptocurrency

It’s safe to say that Miss Natoshi has made some great calls on lower cap cryptocurrencies, and has been able to demonstrate an enviable lifestyle as a result.

You can follower her Twitter and Instagram accounts to get a glimpse into the life of a full-time crypto investor, expert, and world traveler.

An exemplary Crypto Boss-Woman

As shown on her social profiles, you can see that, aside from her somewhat lavish, crypto-powered lifestyle,

Miss Natoshi is also involved in all aspects of crypto investing, from being a die-hard bitcoin bull

to keeping a close eye on the markets and prices for an abundance of different crypto projects

and having her own mining GPU rigs, with her own style applied to them.

She also contributes to 21Cryptos magazine.

Another thing that makes Miss Natoshi a great (and very needed) influencer for the crypto movement is the fact that she’s a woman.

She certainly is already an inspiration to many in the crypto space (myself included) and I’m sure with her continued success, she will be a key influencer for new crypto women. The fact of the matter is that there is a big shortage of females involved with cryptocurrency in general.

Cryptocurrency Gender Statistics

According to a Forbes statistic taken in 2017, only 5-7% of cryptocurrency users are female. That means that there is about 1 female cryptocurrency user to every 17 male users. This low level of crypto adoption from women is concerning for all members of the crypto community.

The success of cryptocurrencies depends on mainstream acceptance of blockchain technology. This means we need more crypto women!

Leader of the Crypto Vikings

Miss Natoshi also created and actively manages a telegram announcement group called MISS NATOSHI’S VIKINGS where she actively shares crypto-related news and information, bots with new exchange listings, memes and gifs, and new coins and ICO’s she’s interested in.

I personally have been a member of the Miss Natoshi’s Vikings group for the past three months and would definitely recommend it as a valuable source of information. I find some of the announcements involving ICO analysis and other early stage projects on her radar to be particularly valuable.

Join the Vikings

Miss Natoshi calls her group the Vikings because she believes that early crypto investors will be the new vikings of our day. This is because they will be building digital empires and exploring new lands of code.

Remember, neither Miss Natoshi or I are sharing financial advice, nor are we financial advisors.

This is not financial advice I am not a financial advisor…. Just a 👸🏻 BTFD.

Educating Women on Crypto

There is a big opportunity to further educate women on cryptocurrency and the changing technology world around us. Some women, like Miss Natoshi are stepping up to the plate to advocate for cryptocurrency and be an example for others.

Getting involved with crypto is risky business, as seen by the price volatility in the markets. In general, women may be more risk-averse, which is why there is a much lower participation rate among women.

However, if we can get more women to open their eyes to the huge potential for the future of cryptocurrency and blockchain tech, it will certainly bring more of them on-board.

More and more jobs are/will be opening up for people who have blockchain expertise or knowledge and it would be great to get some women filling these jobs. It’s a new enough field that women who join now can grow with the industry as it evolves.

What can YOU do?

Share your knowledge with women close to you – the basics of blockchain/crypto, the positive impact that it could have on the world, and how to get started and keep on top of all the changes in this exciting space.

Show them an example of a successful crypto woman like Miss Natoshi and the tools she uses and shares with the community.

Make sure the women you talk to understand it’s not all about getting rich and buying Lamborghinis. There is a much bigger picture here. It’s about changing many broken & outdated systems out there and making them more secure, safe, and efficient.

I encourage anyone reading this to talk to the women in their life about cryptocurrencies and sow the seeds of belief that will get them to join the crypto movement.

Hold On for Dear Life

EOS to empower the Blockchain Renaissance

EOS is a decentralized blockchain operating system that was designed to support industrial scale decentralized applications (dApps).

While there are many dApp platforms competing for their share of the market, EOS stands out as the technology that will likely play the biggest role in supporting the coming blockchain renaissance.

Why EOS and not Ethereum?

EOS has two key points of differentiation from other blockchain platforms that have brought the project a lot of attention:

  1. They plan to completely remove transaction fees.
  2. They claim to have the ability to conduct millions of transactions per second.

Ethereum has been by far one of the biggest breakthroughs in blockchain technology, kicking off a massive wave of innovation and new decentralized applications with the ERC-20 standard utility token protocol.

However, Ethereum is far from ready to scale to meet the needs to mass adoption and mainstream applications with many users. Two key reasons for this are the transaction fees on the Ethereum network (gas) and the low number of transactions per second.

EOS is better for developers

The main difference between how Ethereum and EOS operate is that while Ethereum rents out their computational power to the developers, EOS gives ownership of their resources.

So for example, if you own a 1% stake in EOS then you will have ownership of 1% of the total computational power and resources in EOS.

“EOS’s ownership model provides DAPP developers with predictable hosting costs, requiring them only to maintain a certain percentage or level of stake, and makes it possible to create freemium applications. Furthermore, since EOS token holders will be able to rent / delegate their their share of resources to other developers, the ownership model ties the value of EOS tokens to the supply and demand of bandwidth and storage.” -icoreviews

These fundamental differences between EOS and Ethereum that make EOS more well-suited for supporting the next wave of blockchain innovation and decentralized application, a.k.a. the blockchain renaissance.

Dan Larimer, “The Architect”

Dan Larimer is the CTO and creator of EOS. He is renowned for being one of the, if not, “the” top blockchain developer in the space.

Dan is a true pioneer as demonstrated by his creation of the delegated proof-of-stake (DPOS) algorithm and decentralized autonomous organizations (DAOs). He is the also the man behind BitShares and Steem, two of the most high-performing blockchains in the space.

One of the key reasons people have so much confidence in the EOS project is because of Dan’s solid track record and brilliance in architecting elaborate systems that work flawlessly.

Dan has walked away from two of the most successful blockchain projects in the world, created himself, to work on EOS which promises to be his masterpiece.

What does EOS bring to the table?

#1 Scalability

The biggest problem the blockchain space is facing is scalability.

Because EOS uses DPOS aka the distributed proof-of-stake consensus mechanism, they can easily compute millions of transactions per second. We will explore DPOS in a bit.

#2 Flexibility

Ethereum’s blockchain came to a halt because of the DAO attack. Everything stopped and the community split with a hardfork.

Because EOS uses DPOS this sort of thing won’t happen. If a dApp runs into these sorts of problems, the block producers can freeze it until it’s resolved. This would be an extension of the DPOS system where not every node has to take care of chain maintenance.

#3 Usability

EOS has great usability features for developers. It allows well-defined levels of permission with features like a web toolkit for interface development, self-describing interfaces, self-describing database schemas, and a declarative permission scheme.

#4 Governance

In EOS, governance is maintained by establishing jurisdiction and choice of law along with other mutually accepted rules in a legally binding constitution.

Every EOS transaction includes the hash of the constitution in its signature. This binds the users to the constitution.

The constitution can be amended following a thorough process:

  • The change is proposed by the block producer who obtains a 17/21 approval rate
  • The 17/21 approval must be maintained for 30 straight days.
  • All users are required to sign off their transaction using the hash of the new constitution.
  • Block producers adopt changes to the source code to reflect the change in the constitution and propose it to the blockchain using the hash of a git commit.
  • Block producers again need to maintain 17/21 approval for 30 consecutive days.
  • After that, full nodes are given one whole week to adapt to the new changes.
  • Any node that doesn’t follow the new protocol is automatically shut down.

 

The ability to make changes to the constitution is important because if something like the DAO attack happens and EOS needs a quick solution, the block producers have the power to speed up the amending process.

#5 Parallel Processing

Program instructions are divided among multiple processors. EOS provides parallel processing of smart contracts through horizontal scalability (adding more computers), asynchronous communication (all parties involved don’t need to be present to communicate), and interoperability (exchange and use information with other systems). This speeds things up substantially.

Self-Sufficiency

All blockchains built on EOS will generate a 5% natural inflation per year. This will be distributed to the platform’s block producers for confirming transactions on the platform.

This ensures that blockchains won’t rely on only one foundation, organization, or individual for its growth, development or maintenance.

A Decentralized Operating System using DPOS

This is the most important feature to understand what EOS is all about and what really sets it apart.

While Ethereum is a decentralized supercomputer, EOS positions itself as an operating system. This makes EOS a more focused product.

Delegated Proof Of Stake (DPOS)

EOS uses Delegated Proof of Stake (DPOS) for their consensus.

What is proof of stake?

Proof of stake makes the mining process virtual and replace miners with validators.

This is how the process works:

  • The validators will have to lock up some of their coins as stake.
  • They start validating the blocks. Meaning, when they discover a block which they think can be added to the chain, they will validate it.
  • If the block gets appended, then the validators will get a reward.

What is EOS Blockchain: Beginners Guide

What makes DPOS different from traditional POS?

Anyone who holds tokens on a blockchain integrated with EOS software can select block producers through a continuous approval voting system.

Anyone can participate in the election of block producers and they will be given an opportunity to produce blocks proportional to the total votes they receive relative to all other producers.

How it works:

  • Blocks are produced in rounds of 21.
  • At the start of every round 21 block producers are chosen. Top 20 are automatically chosen while the 21st one is chosen proportional to the number of their votes relative to the other producers.
  • The producers are shuffled around using a random number derived from the block time. This ensures that a balanced connection to other producers is maintained.
  • To ensure that regular block production is maintained and that block time is kept to 3 seconds, producers are punished for not participating by being removed from consideration.
  • Producers need to produce at least one block every 24 hours to be in consideration.

The DPOS system doesn’t have forks because instead of competing to find blocks, the producers co-operate.

In the event of a fork, the consensus switches automatically to the longest chain.

Confirming Transactions in DPOS

A DPOS blockchain has 100% block producer participation. A transaction is usually confirmed within 1.5 seconds with 99.9% certainty.

In order to have absolute certainty over the validity of a transaction, a node needs to wait for a 2/3 majority (15/21) of producers to achieve consensus.

TAPOS

Transaction As Proof Of Stake or TAPOS is another feature of EOS. Every transaction in the system is required to have the hash of the recent block header.

This is important because it:

  • Prevents transaction replay on different chains (i.e. replay protection)
  • Signals the network that users and their stakes are on a particular fork.

This prevents malicious behavior on other chains.

Eliminating Transaction Fees

EOS works on an ownership model whereby users own and are entitled to use resources proportional to their stake, rather than having to pay for every transaction.

If you hold 1% of tokens of EOS then you are entitled to 1% of transactions. Holding tokens represents ownership over bandwidth and in essence, eliminates transaction fees.

The blockchain renaissance of the future

The adoption of blockchain technology is set to hit a tipping point of mass adoption within the next couple of years that will require massive scale.

The increased adoption will bring a lot more developers and projects and EOS is well-crafted to meet developer needs, provide proper incentives, and the performance needed to manage the scale.

It has been said that EOS is capable of running the entire ETH blockchain inside a single contract. This being said, EOS is far more likely to succeed on a massively bigger scale through such a partnership and integration with Ethereum.

The integration of Ethereum and EOS would provide a win-win for both projects in terms of network effects, scale and performance, costs, and interoperability for end-users.

Only time will tell how things pan out for the two projects and into the future of the blockchain renaissance. However, one thing is for sure. EOS is going to be big.

Always DYour Own Research.

Hold on for dear life.

Hodling crypto will starve the banks

More and more people are investing in Bitcoin and other cryptocurrencies lately. Some are more interested in making money from it, and others are more interested in changing the world. Luckily, investing in Bitcoin and other cryptocurrencies is a great way to accomplish both goals simultaneously. The more cryptocurrency you buy and hold as opposed to saving and investing in traditional financial assets, the more you will starve the banks, and inevitably they will die from this starvation.

AUM: the Bankers’ most important number

Assets under management (AUM) is the single most important number in the banking business. This number represents the total market value of assets managed by banks and financial institutions on behalf of investors. The definitions vary by company but in addition to investment assets such as stocks, bonds, and other financial derivatives, they often include bank deposits and cash.

AUM is so important because the mix of assets determines the overall strengths and weaknesses of financial institutions (i.e. AIG and Lehman brothers were weighted a tad heavy in subprime mortgage derivates). Financial institutions also use AUM as a marketing tool to attract large investors who want to know the relative size of their assets compared to other competitors.

Bitcoin: a huge threat to Bankers’ AUM

Given the importance of the AUM figures, now let’s take a look at how Bitcoin and other cryptocurrencies pose a threat to the assets under management for financial institutions.

  1. For all intents and purposes, Bitcoin and the overall cryptocurrency market has outperformed all asset classes offered by financial institutions. The capital gains clocked by crypto assets are more practically measured in X’s (i.e. 10X gains – or 1,000%) on a yearly basis as opposed to the % increases expected in equities (i.e. 7% for the S&P 500 index).
  2. In addition to acting as a speculative investment asset for many investors, cryptocurrencies has be used effectively as digital cash and are highly liquid. Bitcoin and other cryptocurrencies can indeed be used as a savings account and withdrawn from and deposited to as needed.

There is little point in leaving your money with a bank at this point as interest rates are non-existent. However the banks continue to loan our money out to others for a profit but do not share any of these profits with us.

The need for a global currency

We also need global currencies and don’t trust any centralized body to run this currency, seeing what’s happened and continues to happen across the board with the fractional reserve central banking system.

Censorship resistance

We can spend and transfer bitcoin and other cryptocurrencies without having to give any reason or explanation whatsoever. Once we create a transaction, it is confirmed by a global, decentralized network of computers who all agree on one truth. This is quite a cool thing. In fact, we as cryptocurrencies love it and banks do not offer this.

We actually own our cryptocurrencies

Leaving our wealth in banks in the form of deposits and other investment accounts is quite a risk to take. With crypto, we get to hold and truly own our wealth ourselves without needing to trust any third party.

The banks and proponents of banks will downplay this risk, but it’s quite important to remember what happened to people in Greece and Cyprus in recent years. The banks stole their money to pay for their government’s mismanagement of their economies. People in other countries like Zimbabwe and Venezuela don’t have any protection from this at all, and our friends over there have been quite savvy to join the cryptocurrency movement en masse.

Bitcoin is here to stay. Banks are not.

Bitcoin is not going anywhere. People across the world are all buying more Bitcoin and other cryptocurrencies. Simply put, it’s a better place to keep our money. We get bigger rewards for keeping our money in cryptocurrency, have more freedom to use it, and don’t need to worry about banks lending it out or not allowing us to access it.

The more cryptocurrency we buy in lieu of traditional financial assets and savings/checking accounts, the more banks and other financial institutions will need to borrow from their competitors. If financial institutions don’t adapt to incorporate cryptocurrencies into their services, the banks will surely starve, and eventually die out. Hodl crypto to starve and kill the banks.

Hold On for Dear Life

Jamie Dimon A.K.A. Jamie Demon “The Fraud” vs. Bitcoin

Over the past few years, Jamie Dimon (CEO of JP Morgan Chase) has been the most outspoken critic of Bitcoin. Jamie Dimon, also known as “Jamie Demon”, the fraud himself, has gone on record numerous times over the years expressing his distaste for Bitcoin.

Recap of Jamie Dimon’s most infamous Anti-Bitcoin statements:

  • Jan 2014: “Bitcoin is a terrible store of value”
  • Nov 2015: “Bitcoin will not survive”
  • Jan 2016: “Bitcoin is going nowhere”
  • Sept 2017: “Bitcoin is a fraud”
  • Oct 2017: “Im not going to talk about bitcoin anymore”
    • “If you’re stupid enough to buy it, you’ll pay the price one day”
    • “The only value of a Bitcoin is what they other guy pays for it”
    • “Governments are going to crush it [Bitcoin] one day”

When given a chance to elaborate, Jamie has also stated that he believes that blockchain technology is a very good technology and it will be used for a lot of things. However, he made it very clear that he has an issue with any non-fiat based digital currency.

In this same interview from October 2017 on CNBC, Jamie goes on to discuss how governments like to track how money is being spent and also like to control their own currencies.

A lot of what he says is entirely off base in regards to whether or not Bitcoin is legitimate, however it is interesting how he does recognize that one of the main, legitimate use cases for Bitcoin is in the case of failing central banking systems. For example in Venezuela or North Korea. 

The truth about Jamie Demon and other bank CEO’s

The incumbent banking system, banks that comprise this system, and their corresponding leaders are not prepared for the coming shift in the financial power structure. It’s already changed, and it will continue to change more rapidly in the coming years.

People world-wide now have the ability to be their own banks, and the growth of cryptocurrencies and their corresponding price appreciation is a direct indication of the failure of fiat currency and the monetary policies of central banks, which are all doomed to soon fail.

The 5-year end-game for the banks

Within 5 years, it’s highly likely that there will be no JP Morgan or Chase bank. The blockchain revolution is coming whether the banks like it or not. The bankers can adapt to participate in the crypto movement and benefit immensely financially, but they will no longer have the power to make decisions that affect the world around us.

Banks will no longer crush us under the burden of debt. Wealth will be redistributed to all who participate in the cryptocurrency movement. There will be no more fractional reserve banking system to create wealth for the few at the expense of the many.

The financial “rent-seekers” are nearly out of time as a wide field of financial lending solutions based on cryptocurrency and blockchain technology are hitting the market.

My message to the banks: Adapt or die.

Hold On for Dear Life

 

Take the power back and be your own bank with cryptocurrency

One of the most powerful concepts, which once understood, will help convince people to begin using cryptocurrency is that you can be your own bank.

Using banks: great for them, terrible for us

Take a moment to think about how ridiculous the voluntary arrangement you have with your bank is. You entrust your hard-earned money with your bank by depositing it with them. Thanks to the fractional reserve system (the biggest scam in human history) your bank holds a small fraction of what you deposit and turns around and lends it out to others who need credit for a massive profit in the form of interest, which you get no cut of.

Your bank also imposes limits on what you can deposit and withdraw for your own “safety”, which can be immensely inconvenient depending on your situation. Other negatives include travel limitations for your “safety” and a host of fees including but not limited to monthly maintenance, overdrafts, international payments, ATM, card replacement, early withdrawal, etc.

Bank runs and capital controls

With all these negatives out of the way, I’d like to focus on the biggest risk and most terrifying possibility for any bank account holder – the “bank run”. A lot of the people i’ve personally talked to about the concept of “be your own bank” seem to be under the impression that bank runs are a thing of the past.Bank Run

Well-developed central banking systems and deposit insurance have no protections against a bank run. In fact, if all the deposits in U.S. banks were simultaneously requested to be withdrawn, it would take an estimated 20+ years for the U.S. just to print all this digital money that doesn’t actually exist as paper currency.

And for those who may be under the impression that bank runs and capital controls are a thing of the past, you need to think no further back than to the latest 3 examples, all within the past 5 years.

  1. Cyprus in 2013
  2. Greece in 2015
  3. India in 2016

US and other economic superpowers not immune

It’s important to note that more developed countries like the U.S. are in no way immune to this. The fact of the matter stands that when people want physical cash, banks will have a huge problem and they will be absolutely unable to facilitate even a small portion of these withdrawals.

Why is Bitcoin better?

Reviewing all the negatives about using banks sheds a bright light on the stark contrast between using banks and using bitcoin.

Bitcoin shares none of the negatives of bank accounts and at the same time incentivizes users much better to “deposit” (or hold) bitcoin. Bitcoin provides users with security. Sending and receiving bitcoin is easy and has no limits or extra fees aside from the transaction fees used to compensate miners for securing the network.

Bitcoin’s value is also very attractive in the middle of this low to negative interest rate environment. While interest rates are at historic lows, Bitcoin’s likelihood to continue growing increasing in price over time is much more attractive than interest payments that don’t even match the inflation rate. 

Bitcoin is also extremely portable. It’s easy to store on anything from hardware wallets to paper wallets, and even brain wallets. Yes, with the advent of bitcoin we have for the first time in human history the ability to store our wealth in our brains. Simply memorize your private key and hope that you don’t suffer from amnesia down the line (pro-tip: always back up your private key somewhere!).

Power to the people: BYOB (Be Your Own Bank)

Banks are worried about Bitcoin because it’s a serious threat to their current power structure. For a number of reasons, Bitcoin and other cryptocurrencies could make them entirely obsolete. Since Bitcoin has no liabilities or debts associated with it, it’s truly yours when you hold it. This type of asset is known as a “bearer instrument”.

There can never be a run on the “bitcoin bank”. Therefore, the biggest risk (a bank run – which is highly likely to happen again) is entirely absent from bitcoin. This is a huge reason that Bitcoin is superior. This is also why you should seriously consider BYOB’ing with Bitcoin and cryptocurrency. Be Your Own Bank!

Printing your own money is optional

Another major factor in favor of being your own bank with crypto is the ability to “print” (otherwise known as “mine”) your own coins.

Bitcoin and other major cryptocurrencies have a limited supply and pre-defined parameters for issuing the bitcoin currency which is created through mining. Unlike central banks, where a small centralized group of bankers entirely controls the issuance of the currency, the bitcoin code was written to continue issuing the precious cryptocurrency to miners until 2140.

Although Bitcoin mining is very competitive at this point and requires serious start-up costs, expensive mining equipment, and high energy expenditures, there are many other options for “money printing” in the cryptocurrency world. A couple of these options include GPU mining and holding PoS coins in wallets.

Summing up the benefits of Bitcoin over banks

Bitcoin has all the benefits of banking and more without the risk of capital controls. This is the main reason Bitcoin has grown so much in recent years, and continues siphoning value out of national currencies. All this is being done with Bitcoin’s main use case as a store of value and speculative investment vehicle. It has yet to reach any level of mass adoption to be excited about.

If you ask me, it’s a no-brainer to use Bitcoin and other cryptocurrencies over traditional banks. Either A) you hold your wealth in an institution that might never allow you to withdraw it when you need it the most and lose value in the form of inflation, or B) you hold your wealth in cryptocurrencies and benefit from better incentives and almost certainly increase the value of your holdings in comparison with fiat currency.

The choice is yours. Hold On for Dear Life.

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