Help Needed!

The long silence…..
Now that I have returned from the dark recessive of the mind, I will elaborate more on the forces of Poetic Naturalism.
Fundamentally it is clear that we have had the infancy of the human race. Humanity has ground to a halt and inaction is the current state of affairs. Even with the technological speed, we are unable to push forward to the next step of evolution.
What is required?
The interconnectivity of each and every individual, in a format that is approachable, would start us down the correct path.
I would, therefore, look forward to creating a link to each and everyone across the globe and watch and listen to you for help.

Coinbase adds Ethereum Classic

coinbase 22-08-18

With the arrival of the Ethereum Classic coin to the Coinbase portfolio, not much movement has taken place. Since August 15th it has only gained 1.72%; however, the general mood in the crypto world has been somewhat upbeat with small gains. The ETF session will be upon us soon, but the general feeling is this may not be beneficial to the coins.
The last two weeks have been exceptionally quiet on Twitter, as most of the news has been retweeted and dull, to say the least.
On the financial side of the world, the IMF has just released its overview of China’s economy and makes for fascinating reading. In the current economic climate, China has moved forward into the digital era with a spring in its step. Many Fintech companies are addressing real-time issues and implementing blockchain at their core. The fact that China has pulled over eight hundred million out of poverty in the last years is awe-inspiring considering that compared to that of other countries that are still struggling.

Related article: People’s Republic of China : 2018 Article IV Consultation-Press Release

 

The Blockchain wobble

The news abounds on the web, with companies starting to line up and take on the challenge of the Blockchain and all that it entails. However, the market price for nearly all the Alt Coins has dropped. Starting with the BTC/USD pair, the price has gone from 7719.3 USD down to 7270.5 USD.

coinmarketcap BTC 4-8-18

The news that Coinbase is adding further currencies to its portfolio has not encouraged additional investments. The company has confirmed the addition of the Ethereum Classic coin but is only exploring:

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Cardano ADA

Ranked 8 Cardano is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration.

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Basic Attention Token BAT

Ranked 42 Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.

The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the symbol is based on user attention, which merely means a person’s focused mental engagement.

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Stella Lumens XLM

Ranked 6 With a team of top technology and finance professionals, the nonprofit Stellar.org expands access to low-cost financial services to fight poverty and maximise individual potential.

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Zcash ZEC 

Ranked 19 Bitcoin and most cryptocurrencies expose your entire payment history to the public. Zcash is the first open, permissionless cryptocurrency that can adequately protect the privacy of transactions using zero-knowledge cryptography.

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Ox ZRX

Ranked 23 The Ethereum blockchain is an open, borderless financial system that represents a wide variety of assets as cryptographic tokens. In the future, most digital assets and goods will be tokenised.

Finally, on the last note, my Coinbase portfolio show the full extent of the downward trend, even though I purchase €50 this previous week.

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Cryptocurrencies versus Politics

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My Coinbase Portfolio has seen a significant drop over the last three day, with an overall loss of €67.07. Litecoin LTC dropping down by -6.94% currently at 8.0862 LTC (€534.26). The general mod around the crypto world is positive. However, politics is now becoming a significant factor in the price fluctuations. The speed at which regulation is taking place depends on the country. The U.S. Securities and Exchange commision has delayed action till later this year. Most European countries are not even involved with cryptocurrency and the most prominent player being China is currently in a trade war. It would seem that education into the benefits of blockchain technology is either not understood or are regarded as criminal.

I have recently found that even trying to explain the fundamentals of the blockchain to close friends, that it is apparently not understood. Due to the nature of the programme and its usage. Far more damaging to the blockchain is the fact that the media attention is on the currency side of it. However, the application has far more depth to it than is shown.