Featured

The best bitcoin trading platforms

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Cryptocurrency not only provided the fastest way to transfer money, it also gave a new entity to trade and make money apart from stocks and other commodities. While you can buy and sell Bitcoin directly, you can also use Bitcoin trading exchanges to continue your cryptocurrency trades.
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There are a lot of exchanges where Bitcoin trading is safe and secured, and clients are facilitated by many extended services. As a cryptocurrency investor or trader, you can choose any of the exchanges for your convenience. However, it is recommended that you peek at some of the reviews before canceling the subscription. Here is a brief review of the most important bitcoin exchanges around the world.
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CoinBase: It is possibly one of the most popular and largest bitcoin exchanges with dual facility direct and wallet trading. CoinBase was founded in 2012 through the discovery of the Y-Combinator project and has since grown rapidly. It has several lucrative services such as multiple options for cash deposits and withdrawals, instant money transfers between two CoinBase, wallet facilities with multiple signature options for more secure transfers, Bitcoin deposits insured against any loss, etc.
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CoinBase has a variety of payment partners Europe and the US that allow for seamless transaction execution through them. It has relatively low transaction fees and offers Bitcoin trading along with a large number of Altcoin trading as well.
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CEX.IO: One of the oldest reputable exchanges started in 2013, London as Bitcoin Trading Exchange and also as a cloud mining facilitator. Later on its mining strength grew so dramatically that it retained nearly half of the network’s mining capabilities however, it is now closed.
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CEX.IO allows clients to expand into a much larger amount of bitcoin trading, and has the ability to make Bitcoin available at the requested price instantly. However, for this exchange, it charges a somewhat high exchange amount, yet this is compensated for by the security and facilities that allow multi-currency transactions (dollars, euros, and rubles) to buy bitcoin.
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Bitfinex is one of the most advanced trading platforms and is particularly suitable for experienced cryptocurrency traders. With the high liquidity of Ethereum as well as Bitcoin, this exchange has better options such as leverage, margin funding, and multiple order trading. Apart from this, Bitfinex offers customizable GUI features, and many types of orders, such as limit, stop, trailing stop, market etc.
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This exchange also provides around 50 currency pairs that can be traded with easy withdrawals for everyone. One of the largest exchanges by volume on Bitfinex offers pseudonyms for trades and only for certain services that require identification. The only drawback to this exchange is that it does not support the purchase of Bitcoin or any other alternative currency through monetary transactions.
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Bitstamp: Founded in 2011, Bitstamp is the oldest exchange offering cryptocurrency and Bitcoin trading. Most respected because despite being the oldest, it has not experienced a security threat until recently. Bitstamp currently supports four Bitcoin, Ethereum, Litecoin and Ripple, and is also available with the mobile app, apart from the trading website. It has great support for European users or traders who have Euro Banks accounts.
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The security is advanced and cold storage type, which means coins are stored offline, so you can say that it is totally not possible for any hacker to stealth. Finally, the complex user interface indicates that it is not a novice user but a professional and offers relatively low transaction fees.
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Kraken: It is one of the largest bitcoin exchanges in terms of liquidity, trading volume in euro cryptocurrencies, and trading numbers in Canadian dollars, US dollars and yen. Kraken is the most respected exchange that is being routed by disruptions in cryptocurrency trading and has managed to maintain client volumes safely regardless of other exchanges being hacked at the same time.
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With more than 14 cryptocurrency trading methods, the user can deposit fiat currency as well as cryptocurrency along with similar ability to withdraw. However, it is not suitable for beginners but it has better security features and lower transaction fees compared to CoinBase. The most important factor for Kraken is that they are reliable in the community and were the first to display volumes and prices on the Bloomberg Terminal.
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Featured

Is Bitcoin safe?

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Bitcoin is reported to be entering no-go zones because it creates a wave of controversy between the “thin” community and smart digital investors. These digital marketers are trying to get their share of the billion-dollar digital pie a day as the corporate community seeks to curb the spiraling value of what appears to be a “monetary risk.” Some of those who strive to exploit the poor and vulnerable are not getting this because they try to vaccinate the masses in an attempt to quell this growing “digital monster”.
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These seemingly fraudsters continue to place restrictions on how the less fortunate spend their money while trying to build financial cartels around the world, but thanks to digital technology, Bitcoins has revolutionized money control in the 21st!
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Negatives

Despite the growth of cryptocurrencies like Bitcoins, it would be a mistake to not reveal the downsides of these virtual currencies. Due to the fact that their digital footprints are encrypted, they cannot be traced online. Although one enjoys privacy and security when trading, it provides another gateway to conceal and conduct illegal transactions.
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When this happens, drug dealers, terrorists, and other suspected perpetrators will continue to conduct the illegal trade undetected when using Bitcoins.

Positives
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However, in the midst of monetary chaos, bitcoins offer anyone massive investment opportunities and growth potential. No one controls virtual currency as the public can access it in cyberspace and the value continues to rise as society falters in the wreck of inflation.
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A common man on the streets can buy, save, trade, invest and increase his chances of becoming financially successful without interference from government restrictions, credit controls and regulations; Hence, spiral amplifications became a thing of the past.

Many really think that the number one problem in our society is the creation of monopolies. When a company decides to control foreign exchange, gold, and fuel, it uses its power to dictate how the money is spent.
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Regulations put in place by the various large and wealthy companies are only intended to add more wealth and power to their portfolios rather than benefit borrowers seeking financial assistance. In addition, the people at the top are trying to drain the swamp so that others can rely on them while they can get richer but cannot control the digital currency!
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The bright side of the coin

It is time to open the eyes of the world and this is what Bitcoin is all about. Those trying to take over the world are threatened by this Frankenstein, but I doubt they can stop it or make the decision. Currently, 1 Bitcoin is valued at $ 844099.07 Jamaican Dollar or $ 6895.80. The cost of 1 Bitcoin in 2009 was US $ 05!
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Featured

What is cryptocurrency?

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Encrypted currency or cryptocurrency (the cryptocurrency of Saxon) is a virtual currency that works on exchanging goods and services through an electronic transaction system without the need to go through any medium. The first cryptocurrency to start trading was Bitcoin in 2009, and since then many other currencies have appeared, with other features such as Litecoin, Ripple, Dogecoin, among others.
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What is the advantage?

When comparing a cryptocurrency to the money in a ticket, the difference is:

They are decentralized: they are not under the control of the bank, the government, or any financial institution

Anonymous: Your privacy is preserved when conducting transactions

They are international: everyone’s opera is with them

They are safe: your coins are yours and from everyone else, kept in a personal wallet with non-transferable tokens that only you know.

It does not have middlemen: the transactions are from person to person

Fast Transaction: For sending money to another country, they charge interest, often it takes days to confirm; With cryptocurrency just a few minutes.

Irrevocable transactions.

Bitcoin and any other virtual currency can be exchanged for any global currency

It cannot be falsified as it is encrypted with a sophisticated encryption system

Unlike currencies, the value of electronic currencies is governed by the oldest rule in the market: supply and demand. “It is currently valued at over $ 1,000, and like stocks, this value can either rise or fall in supply and demand.

What is the origin of Bitcoin?

Bitcoin, the first cryptocurrency created by Satoshi Nakamoto in 2009. He decided to launch a new currency

Its peculiarity is that you can only perform operations within the network of networks.

Bitcoin stands for both the currency, protocol, and red P2P that it is based on.

So, what is Bitcoin?
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Bitcoin is a virtual and intangible currency. That is, you cannot touch any of its shapes as you can with coins or bills, but you can use it as a method of payment in the same way.

In some countries, you can generate income through an electronic debit card page that performs money exchanges using cryptocurrencies such as XAPO. In Argentina, for example, we have more than 200 Bitcoin terminals.

Undoubtedly, what makes Bitcoin different from traditional currencies and other virtual payment methods such as Amazon Coins and Action Coins is decentralization. Bitcoin is not controlled by any government, institution, or financial entity, whether governmental or private, such as the euro, which is controlled by the central bank or the dollar by the United States Federal Reserve.

In Bitcoin, real users control, indirectly through their transactions, through P2 P exchanges (point-to-point or point-to-point). This structure and lack of control makes it impossible for any authority to manipulate its value or cause inflation by producing more quantity. Its production and value depend on the law of supply and demand. There is another interesting detail in Bitcoin with a cap of 21 million coins, which will be accessed in 2030.

How much is Bitcoin worth?

As we indicated, the value of Bitcoin is dependent on supply and demand, and is calculated using an algorithm that measures the amount of transactions and transactions with Bitcoin in real time. Bitcoin is currently priced at $ 9,300 (as of March 11, 2018), although this value is not the least stable and Bitcoin is ranked as the most unstable currency in the foreign exchange market.

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Capitalism Is Under Attack: Petrodollar, Petrooros, and the Iranian Oil Exchange

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This notion that the United States is preparing to attack Iran is simply absurd […]. Having said that, all options are on the table. ” (President George W. Bush, February 2005)

Who would have imagined that?

Forget the Prophet Muhammad, Islam, the Qur’an, President Ahmadinejad, his nuclear program, Islamic fascism, and all the imams. The mullahs no longer like the US dollar. As reported by Reuters in the United Kingdom ([http://rtv.rtrlondon.co.uk/2006-12-18/3e56a070.html]Iran announced that it had ordered its central bank to start using the euro in foreign transactions, and to convert the dollar-denominated assets of the country held abroad into the single European currency. “The government ordered the central bank to replace the dollar with the euro to reduce the problems of the executive bodies in commercial transactions, Government spokesman Gholam Hussein Elham told reporters.

Coming from the fourth oil producer in OPEC, this is a move that will undoubtedly have profound economic repercussions and dangerous political consequences around the world. It certainly seems that rather than “wiping Israel” off the face of the planet, it is Iran that sets the pace for the eradication of American capitalism and influence everywhere. To understand the implications of such a move in financial affairs, one must first return to the importance of money in our economic systems and the effects that the ravages of inflation have on them.

Money is one of the most wonderful inventions of man. Imagine the difficulty of our daily life without those coins and colorful pieces of paper. To conduct any type of transaction – from grocery shopping to real estate asset purchases – you must find someone who has what you want and wants what you have, and then both of you can barter. In a world with thousands of products, one spends most of the time searching for business partners and allocates very little time to actually earn an income. The alternative to avoiding having to find business partners would be for each of us to do a little of everything ourselves.

But with money on the scene, everything becomes clearer, simpler, and less time-consuming, and we can all increase our productivity through and through specialization – that is, doing what we do best, and then trading with our partners. As a direct result of our increased productivity, each of us could become richer. It’s easy to lose sight of the key economic point that we all owe a large portion of our high standards of living to the existence, possession, and purchasing power that stems from it.

But there is a problem: money works best when its value is stable over time. This is nowhere more true than in international trade.

Economically speaking, the strength of the US dollar and its influence in economic and financial affairs around the world was born during the United Nations Monetary and Financial Conference held in Bretton Wood, New Hampshire in July 1944. The conference was attended by delegates of all the forty-five Allied countries. The countries directly and indirectly involved in the fight against the Axis powers – Nazi Germany, the Empire of Japan, and Fascist Italy, and their socio-economic doctrines. As a result of the Bretton Woods conference, the exchange rate system between different currencies was established anchored in the US dollar, which became convertible into gold – the common denominator and measure of wealth around the world. And so it became the American dollar De facto The reserve currency in the world, accepted and circulated everywhere. This system remained in effect until the early 1970s and allowed countries to accumulate reserves in US dollars, unlike gold.

When western Europe that recovered economically in 1970-1971 began to demand payment for its US dollars, as it became clear that the US government did not have enough gold reserves to buy back all those dollars, the US Treasury under the Nixon administration rather than defaulted. . It prompted him to “decouple” the dollar – that is, to sever the link between the dollar and gold. To avoid the international collapse of the US currency in global markets, the US Treasury had to exchange gold for another valuable commodity in order to lure foreign countries to keep their foreign currency reserves in dollars and continue to accept the US currency.

Thus in 1972-1973 an iron-clad arrangement was concluded with Saudi Arabia to support the Al Saud power in exchange for accepting only US dollars in exchange for its oil. The rest of OPEC had to follow suit and also accept only the US dollar. And because the world had to buy oil from Arab oil-producing countries, it now had a reason to keep the dollar as a payment for the oil. Because the world needs increasing quantities of oil in light of ever-increasing oil prices, the global demand for dollars can only increase. Although dollars can no longer be exchanged for gold, they are now exchangeable for oil. Petrodollar was born.

In 2000, the first man to really start demanding euros for his oil was none other than Saddam Hussein in Iraq – and we all know what happened to him. To be more specific, in fact, Saddam Hussein Abd al-Majid al-Tikriti (1937-2006), the former president of Iraq, made two strategic mistakes, and the second would cost him his neck in the end – literally.

First, on August 2, 1990, he invaded Kuwait, which is a very friendly country with both the United Kingdom and the United States, and holds nearly 10 percent of the world’s oil reserves. Moreover, Saddam became a real threat to Saudi Arabia as well. By invading Kuwait and threatening Saudi Arabia, Saddam broke the Carter Doctrine that President Jimmy Carter had assumed in 1980, which states that “[…] An attempt by any outside power to control the Persian Gulf region will be considered an assault on the vital interests of the United States of America, and this attack will be repelled by any means necessary, including military force. Carter later endorsed President George H.W.Bush the doctrine in 1989 with National Security Directive No. 26, which declares that “access to Persian Gulf oil and the security of major friendly states in the region is vital to the national security of the United States.” […]. The Gulf War followed in January 1991.

Saddam’s second mistake was to demand that his oil be paid in euros. At first, his request was met with derision, then later neglect, but as it became clear that he intended to work, the need arose to set an example for anyone demanding payment in currencies other than the US dollar. The punishment came as the geopolitical situation deteriorated after the September 11 attacks on the Twin Towers and an increase in awareness and concern about Saddam’s weapons of mass destruction – which he used extensively against the Kurds and his citizens. This was followed by the intervention of President Bush in Iraq with shock and awe, which ultimately led to the Iraqi dictator’s demise.

Contemporary warfare has always involved fundamental struggles over economics and resources. These overlapping conflicts today also include international currencies, thus increasing complexity. The current geopolitical tensions between the United States and Iran extend far beyond publicly stated concerns about Iran’s nuclear intentions, and will likely include Iran’s proposed “petroleum euro” regime for oil trading – the Iranian Oil Exchange (“stock exchange” is the French word for stock exchange). The proposed Iranian oil exchange indicates that without some kind of US intervention, the euro would establish a strong foothold in international oil trade.

This is true, because Europeans will no longer have to buy and hold dollars in order to secure their payments for oil, but instead will pay in their own currency. Adopting the euro for oil transactions will provide the European currency with a reserve status that benefits the Europeans at the expense of the Americans. Given the US external debt levels and trade deficits, Tehran’s goal is a clear encroachment on the dollar’s ​​supremacy in crucial international oil markets, and America cannot afford to do so. It is, in fact, a case of deadly economic terrorism and financial war, a matter of life and death.

Speaking of economic terrorism and financial war, it is very interesting and worth noting the relationship between oil and the euro on one side and the Iranian nuclear program on the other side that Gholam Hossein Elham made during the previous declaration. He said:they (Westerners) They must put an end to their hostilities towards our nation and also realize that we can achieve nuclear technology through transparent and very legal methods – something they must respect. They should not waste their time venting against this nation, or they will be harmed more than us. “

If Iran continues with the intention of imposing fees in euros on its oil, the upcoming Iranian stock exchange will enter hedging from the Petro-Euro currency in direct competition with traditional oil dollars. More than that, politically, it would pit America, Israel, and Sunni Islam against Iran, Syria, and Shia Islam and would fundamentally create new dynamics and competition in the largest markets in the world – the global oil and gas trade markets. One of the Fed’s nightmares could start to arise if it appears that international buyers will have the option to buy a barrel of oil for $ 60 at NYMEX and IPE – or buy a barrel of oil for $ 45 – € 50 through the Iranian stock exchange. In essence, America will no longer be able to easily expand its debt financing through the issuance of US Treasuries, and international demand and liquidity for the US dollar will decline. This is a very good reason to go to war.

Welcome to 2007.

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The eagle is a sick bird

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Lots of people get bored looking at their near zero cash earnings when depositing. Yup, it seems like it only makes sense to stick with the money, and yeah, it’s nice that you have gotten away with all the potential troubles so far, but hey, the boredom of it all!

A friend of mine called me recently saying he’s going slow while waiting for some action. I smiled and said to him, “You mean you are eager to invest in some currencies, but you are afraid to sink, right?”

He said, “I guess,” waiting for me to come up with a suggestion without having to make it sound like he’s looking for advice.

If the desire to get some movement in the currency is strong enough and the feeling of sitting on non-performing money is unbearable, this is a situation that needs careful handling. One should not enter into a situation like an alcoholic who craves a drink, or a gambler who needs to bet in order to bet.

It’s not easy to fall in love with any currency these days. However, it’s not hard to be upset about holding one species in particular, the British pound. Lately, when I think of the pound, I see a tumbler swinging on a tightrope with no safety net underneath and a strong storm approaching. Now, getting rid of it means one has to enter another currency. Personally, I feel that lately the US dollar has been tempted and saying “Hey, come and get me before it’s too late”. This does not mean that many people do not have a different opinion. This too, because any marketplace needs a buyer and a seller.

It does not take much imagination to reach the conclusion that the United States will be the first to emerge from the recession. Likewise, it does not take much imagination to realize that sterling cannot be forever stimulated or riding on the back of this or that feeling or risk appetite. Somewhere along the line, all of this has to be paid in full. This means that the belt must be tightened, and whoever is going to tighten it, it will not be very popular with the crowd, as it always is. But this, of course, is another matter.

Chance weapons must be carefully maintained in their best condition, as must be knowing when and how best to use them to obtain maximum results. Everyone gets a chance to hit it right at least once, and I’m sure many of you will admit that this opportunity had them, only to see it pop out the window due to not quite ready to grab it. This does not mean that one should think about suspicious possibilities. It is wise to know when not to move forward, let go, and turn away.

With all this in mind, I called my girlfriend saying that if the need was so great that she had to do some measures, I would shed my pronto pounds, and win dollars. I wasn’t expecting miracles right away, but I do expect to move forward with elegance in time. The game is not for taming young birds, it is more for eagles. They have a knack for spotting prey, but we know that the eagle is a patient bird.

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Why should you automatically trade in a mini forex account

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The Auto Forex Mini Account uses the same trading platform as any other regular auto Forex trading account. The only major difference is the account size, which is much smaller than the standard account. You can open a mini forex account with a price as low as $ 50. An Automated Forex Mini Account can be a great option for you if you are a new investor in the forex market. Automated online trading has revolutionized the advantages of running a Forex mini account and has boosted it many fold.

The steps you need to follow to open a mini auto trading Forex account are very simple. First, you have to choose a brokerage firm that offers its services to open a mini Forex trading auto account. Fill in some personal details like name, address, contact number, email address and the specific type of account you wish to open. After filling out this online inquiry form, you can directly open your mini account. Many agencies now accept $ 50 to open an auto trade mini account, but in a very volatile market like Forex and due to the high leverage it is best to invest at least $ 2000.

There are quite a few advantages of an auto trading mini Forex account. The mini accounts are well suited for those new to the Forex market. The mini accounts trade in smaller lot sizes, giving traders the opportunity to trade with less risk or market exposure. This smaller trade volume also helps build confidence. Since the trading is fully automated, you can experiment with the features of the trading platform and judge the efficiency of the system.

Since the pip value of any mini account is only $ 1 per pip, you can develop a disciplined trading strategy while dealing with an automatic mini forex account. Moreover, you learn to overcome your tendency to emotional trading, which sometimes leads to irrational trading decisions. You also learn to reduce losses and determine your own entry and exit points.

Auto Trade mini forex account gives you more power in the market. This enables you to take advantage of many opportunities without overtaking your account. Most of the automatic mini forex account provides easy-to-use trading software. It has all the interactive and useful features for fast standard execution of live streaming prices.

In some currency pairs like EUR / USD etc., a one pip movement in the exchange rate equals the profit or loss of one dollar in the account value per lot. A Forex Automated Forex mini account usually offers a 3 or 5 pip difference on most currencies. Therefore, open a mini Forex account automatically to master the art of trading before entering the market with a large investment volume.

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26 things you need to know before you travel to Morocco in the tourism industry

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Morocco is an amazing taste that is open to the eye of the stranger, it is also an adventure into some of the most stunning landscapes in North Africa with the desert on its doorstep and the rocky heights of the Atlas Mountains behind. Morocco is also a journey into the timeless and serene world of beautiful coastal villages, colorful colorful cities clinging to the hillsides and remote outposts defended by fairy tales of brick forts. This wonderful country is a fusion of the African and Arab worlds, and it is steeped in ancient customs. No wonder Morocco has been celebrated by artists and writers for decades and continues to enchant everyone who visits it.

However, there are 26 things you need to know before traveling to Morocco in the field of tourism:

1. The number of people visiting Morocco increases every year.

2. It is a beautiful country

3. Morocco is one of the peaceful countries in the whole world and it has many places worth visiting, especially when it embarks on tourism.

4. You do not need any vaccinations before you go to Morocco, unless you decide for yourself, but it is not obligatory. Although it is advised that you vaccinate yourself to avoid contracting rabies, hepatitis, etc., in the past no one had health problems.

5. The exchange of the Moroccan dirham to one dollar is 10.08 dirhams

6. Morocco is a big travel bargain. Relatively speaking, the dirham is well priced, and steady so there shouldn’t be many surprises.

7. Hotels in Morocco are cheap, good value and usually easy to find.

8. Visa and MasterCard are accepted at most ATMs for cash advances, but remember that credit cards are not accepted in many smaller stores. The maximum amount you can withdraw is usually 4000 dirhams, which is around 370 euros, 460 dollars or 230 pounds.

9. Once in Morocco, you will need cash immediately to pay for transportation. You’d better go to the first ATM you see at the airport, but don’t take too much there.

10. Do not carry a large amount of money when moving to avoid losing your money. Hide most of them in your hotel and take with you only what you expect to spend that day.

11. Keep some 1 dirham coins in the pocket to use when confronting beggars. If you can afford a vacation in Morocco, then you can pay a coin to a beggar. I do all the time.

12. In Morocco, do not use your left hand to do anything socially important, such as eating or shaking hands. Moroccans feel this is unclean especially in public places, so beware of this important cultural distinction.

13. In Morocco, women often dress modestly according to their culture, and the Western tendency to want to run in sleeveless shirts and palaces when the weather is hot (usually hot!) Is outside their customs.

14. Women traveling to Morocco should wear long skirts, dresses, jeans or pants that cover the knees, roll jackets, polo shirts, and shirts that can be worn under jackets and jackets. Women generally wear sandals or loafers; They rarely wear heels.

15. In Morocco, 99% of its population is Muslim. Therefore, the first dress code in Morocco is to respect Islam’s emphasis on modesty. Clothing and accessories are not intended to attract attention or excessively reveal the body. Women should ensure that their clothing does not expose the chest, shoulders, or thighs.

16. In Morocco, unless you want to attract attention, it is best to limit the supply of luxury jewelry, luxury handbags and high-end electronics.

17. In general, men should wear long pants with a shirt, preferably with a collar. Men can wear sandals, sneakers or sneakers – whatever is appropriate for the context of the visit. While some boys and men wear shorts in public, they are less common, especially among adult men.

18- Morocco is very hot in the summer months. However, it is still necessary to cover the shoulders and legs. For women, a long, loose-fitting dress with a light jacket or a scarf over the shoulders is a great way to stay cool and in tune with women who wear jabadoras and kaftans.

19. A non-Muslim woman is not required to wear the hijab or the veil that conceals a woman’s hair. Moroccan women choose for themselves whether or not they want to cover up, and this decision is largely based on religious motives.

20. In Morocco, it is easy to get alcohol in many bars despite the toughness of Muslims against it. In the big cities, like Casablanca or Marrakesh, you can find bars and nightclubs where they love to party until the day off

21. A travel insurance policy to cover theft and loss, in particular medical problems, is highly recommended for all visitors to Morocco.

22. Driving Make sure you have adequate travel medical insurance and any relevant car insurance if you are driving.

23. Extensions: If you need to extend your coverage on the road, do so before it expires or a more expensive premium may apply.

24. In Morocco, almost all English speaking countries (except South Africa) do not need a visa to enter the country, and visitors can stay for up to 90 days, so check the Moroccan embassy online in your country just to be sure.

25. In Morocco, you will most likely need a power adapter especially if you want to charge your cell phone.

26. In Morocco, men can wear whatever they like, but women need to wear more conservative clothes.

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"The origin of the species" The ICO-TIN – the difference between the ground and the rest

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November 24, 1859. “On the Origin of Species” was published and presented the world with a unique theory of existence, causes of existence, and the processes of generation, evolution and survival of different species. The amoebas and other similar species were the most ancient and of eternal life. They went through all the ups and downs. During the difficult stages provided by Mother Nature.

The book “On the Origin of Species” was unique, it was written to target everyone, and could be read and understood by anyone. It was loved and popular among all groups, be they students, researchers, scholars or dreamers. It was popular all over the world due to its neutral approach and inclusive language. The theories are still applicable and the book has proven useful for future biological and relativistic theoretical experiments and practical applications regarding the origin and evolution of various species on planet Earth.

Relative similarities between “origin of species” and blockchain:

If Satoshi Nakamoto is the “Darwin” of the era of cryptography, cryptography is the “origin of species”, given the fact that everything exists in the same world in which we all live and has a great influence around the world. It was understood, in the end, by almost the whole world, yet it has turned into a common and widely accepted phenomenon.

Other cryptocurrencies have failed to survive and lost their presence in the winds of change and evolution, just like previous “single-celled” organisms, before the amoeba. Bitcoin, being the fittest of the species, was the “amoeba” of this relativistic hypothesis. He was the cause, the inspiration, and the criterion for other, more complex beings to follow. These objects, Ethereum for example, were introduced with a new implementation concept, which was ICO (Initial Coin Offer). Relatively speaking, the natural principles of development, nutrition, growth and reproduction were prevalent and known to all.

Scientific and religious discussions in time and duration:

“Origin of Species” has spawned many heated, scientific-practical, and religious orthodox discussions, and likewise has the blockchain. The Orthodox community, or the dominant religious groups of the time, were not flexible enough to allow any new theories to prevail in the society they had long governed. Likewise, the financial system which has prevailed since society was introduced by money and currency, does not desire change and is strict in its specific directions two centuries ago. It is perhaps afraid of the importance it would lose if its principles were replaced.

Writers have conspired for a long time, and this ruling is popularly known as the “Eclipse of Darwinism,” that is, from the 1880s to the 1930s. Despite all the evidence and explanations, the “origin of species” has been kept out of “acceptance” by the “responsible” for too long. People were prevented from talking about “Darwin’s theories” in public or on social platforms. The current timeframe can be compared to the same era, where people cannot talk about “cryptography” in financial meetings or forums about central banks or social platforms related to finance, where the monopoly is the servant of the big old banks and credit companies.

Coexistence and definition of “evolution”:

Likewise, a number of other enthusiasts came up with new symbols that were turned into digital currencies on the exchanges, and similar theories about the evolution of the world, after the “origin of species”. Darwin’s theory was then found and proved to be practical, applicable, and to some extent useful in new biological discoveries. Likewise, the concept of ICO (Initial Coin Offering) was introduced to the world. This revolutionized, by opening the doors to participation, critically, to the “non-technical” individuals of the crypto world.

Like earlier, the concept was questioned, contested and unfortunately, due to some irregularities and initial failure to implement some of the apps, (which was even though the percentage was very small compared to the successful ones), critics got a chance to celebrate.

ICO-TIN, the later life of “DARWIN”:

“The Origin of Species” was later found to be roughly the definition and explanation of the evolution of different species on Earth. It has also been explained, what is the difference between the habitats of Earth and other planets most likely, because of that, life may not have been possible anywhere else. Darwin did not talk about it. Nor Nakamoto also about “ICOs.”

ICOs as a concept have been contested by “religious” authorities and bodies around the world. These “religious” financial systems (rigid, principled and dissatisfied with change) have their own limitations. They strictly mandate every integration, new experiment, introduction, or invention within the system. These mandates tend to be a “dead end” for ICOs these days.

To provide a window into this “dead end” of the ICO, and with further interpretations and complementarities of the “strict mandate” of “religious bodies”, the ICO-TIN should appear in the picture. To provide the indispensable habitat for ICOs, and to make “Earth” different from other planets, ICO-TIN makes a safe midway between progressive ICOs and ancient “religious” financial systems.

ICO-TIN. The environment and the ocean.

The difference between the other planets is clearly the availability of air and water around the habitable environment. How Darwin defines it, is “life finds a way.” Of course, she did. ICO-TIN has found a way to take ICO to the next level and make things mutually beneficial and safe.

The challenges and how ICO-TIN makes a mutually beneficial platform, as well as the teams provided for ICO, can be analyzed and understood in the study outlined below.

The challenges in launching the ICO now are as follows:

1) A smart contract has its own limitations. It can either reveal the address, at which the cryptocurrency should be converted, and that is the unique address associated with a particular ICO, and once the address is revealed to everyone or at least to a large number of people interested in participating in that ICO, they can always get paid.

2) As long as the contract is effective, the more is considered effective, but with many symbols, the more gas it consumes in each transaction. So it is not cost effective at all to enter into a smart long-term contract.

3) At that time, as the ICO cannot accept more than 14 transactions per second, there is an auction case. In this case, the specified parameters are encouraged to complete the transaction in any case, regardless of the price of the gas.

4) SPF or single point failure occurs when creating such a scenario.

5) Compliance is another matter that needs to be taken care of, as two things have to be covered.

The first is the Know Your Customer (KYC) process, which is more complicated than others because it has to integrate with uploading an image making the system completely exposed and vulnerable to hacking threats and malware.

The second is accounting, which again is a big task for regulation and auditing due to the presence of different cryptocurrencies in the stock exchange and one does not want to change the method of payment to any broker that does not use it often.

6) The strategy making process should be highly planned and flawless. It covers three aspects, and now these three aspects are mapped to the traditional ICO methods, and these three methods were:

AUCTION – Where a particular style governs, priority should be given to that transaction, based on the fact that the transaction is backed by a higher GAS price

Reward – A reward is usually given to participants or non-participants to introduce more people to the program or ICO. This bonus was the number of tokens often.

GAS – Gas has been a very important factor when it comes to launching an ICO because there are many transactions payable and even a transaction is completed for a very small amount after GAS is consumed several times the value of the same amount.

The indispensable application ICO-TIN

ICO-TIN is the answer to all of those challenges for someone who has been busy developing their technical and cryptocurrency skills and never keen enough to be skilled or smart enough to take on the challenges of the underworld market.

It is more about a “professional” approach. Since one gets paid for something, he must be excellent at it. Anyone can have their hair cut, but we prefer the barber because he knows his job better. This explains the importance of the professional package that is ICO-TIN.

It is an enterprise solution to launch a new ICO and provides a customized package that includes ICO launch and marketing as well.

The solutions to the issues were as follows:

1) The smart contract will not be accessible to you; The unique address will not be disclosed to any of the participants. There will be parallel and more secure ways to pay.

2) The easiest way to pay is that with any payment method (FIAT currencies and BTC as well) one will have to buy US dollars within the system, and their additional purchase will be organized with those US dollars.

3) This complete system will be “OFF-CHAIN” software integrated with the system anyway; Hence, there will be no transactions and no gas consumption during the transactions carried out by the participants

4) However, the payments to be made by the system will be regulated in accordance with the periodic cost-effective rates of the GAS, thus this would be a system of minimum liability for back and forth transactions.

5) There would be no transaction auction and thus gas consumption would not be an issue anyway.

6) KYC and accounts will be managed in different ways, with a system that will not be in direct alignment with the ICO, so it will not pose a threat to the ICO if the images need to be uploaded.

7) Accounts will be managed flawlessly by individuals and this can be done more efficiently.

Taking “On the Origin of Species” to a new level was a challenge for biologists and others associated with it, but they were unable to let Darwin’s work and contribution go to waste. Likewise, the act of responsibility has been to pass the vision on to future generations and encourage today’s progressive youth.

It is not at all overly ambitious if “ICO-TIN” is considered a revised version of “On the Origin of Species” by “Nakamoto”. It opens the way for more experiences and possibilities for bringing the “two worlds” together.

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Online Bitcoin Trading: Discover the keys to earning massive income from Bitcoin trading

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Step 1 – Understanding Bitcoin and the Blockchain

Bitcoin is a peer-to-peer payment system, commonly known as electronic money or virtual currency. It offers a 21st century alternative to brick and mortar based banks. Exchanges are made via an “e-wallet program”. Bitcoin has already sabotaged the traditional banking system, while operating outside government regulations.

Bitcoin uses the latest encryption technology, it can be issued in any partial denomination, it has a decentralized distribution system, the demand for it is increasing globally, and it provides many distinct advantages over other currencies such as the US dollar. For one, it cannot be decorated or frozen by the bank (s) or government agency.

Back in 2009, when Bitcoin was only worth ten cents per coin, you would have turned a thousand dollars into millions if you had waited only eight years. The number of Bitcoins available for purchase is limited to 21,000,000. At the time of writing this article, the total Bitcoin in circulation was 16,275,288, which means that the percentage of total BitcoinsmindIt was 77.5%. At the time. The current value of one Bitcoin coin, at the time of writing this article, is $ 1,214.70 USD.

According to Bill Gates, “Bitcoin is exciting and better than coinage”. Bitcoin is a decentralized form of currency. There is no longer a need to exist ”Trusted, third partyParticipating in any transactions. By taking the banks out of the equation, you also cancel the lion’s share of the fees for each transaction. In addition, the amount of time required to move funds from Point A to Point B is greatly reduced.

The largest Bitcoin deal ever made is $ 150 million. This transaction took place in seconds with minimal fees. In order to transfer large amounts of money using a “trusted third party,” it can take days and cost hundreds if not thousands of dollars. This explains why banks are so fiercely against people who buy, sell, trade, transfer and spend bitcoins.

It is estimated that only 0.003% of the world’s population (250,000) own at least one Bitcoin. And only 24% of the population knows what it is. Bitcoin transactions are entered in chronological order in the ‘blockchain’ just as bank transactions are entered. Meanwhile, the blocks are similar to individual bank account statements. In other words, the blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as “completed” blocks are added to it with a new batch of records. To use traditional banking as a metric, the blockchain is like a complete history of banking transactions.

Step 2 – Set up your e-wallet program account

Once you create your unique e-wallet program account, you will have the ability to transfer funds from your e-wallet to recipient e-wallet, in the form of Bitcoin. If you wish to use a Bitcoin ATM to withdraw money from your account, you would essentially link your e-wallet “address” to the e-wallet “address” of the chosen ATM. To facilitate the transfer of your Bitcoin funds to and from the trading platform, you will simply link your e-wallet “address” to the e-wallet “address” of your chosen trading platform. In fact, it’s much easier than it sounds. The learning curve for using your e-wallet is very short.

To create an e-wallet, there are countless online companies that offer secure, free, and ready-to-use e-wallet solutions. A simple Google search will help you find the right e-wallet program for you, depending on your exact needs. Many people start using a “blockchain” account. This is free to set up and extremely secure. You have the option to set up a two-level login protocol, to further enhance the safety and security of your e-wallet account, and primarily protect your account from being hacked.

There are many options when it comes to setting up your e-wallet. A good place to start is a company called QuadrigaCX. You can find it by searching on Google. Quadrigacx uses some of the most stringent security protocols currently in place. Moreover, QuadrigaCX funded bitcoins are stored in cold storage, using some of the most secure cryptocurrencies possible. In other words, it is a very safe place for Bitcoin and other digital currencies.

In order to withdraw money in your local currency, from your e-wallet, you have to locate a Bitcoin ATM, which can often be found at local businesses within most major cities. Bitcoin ATMs can be found by doing a simple Google search.

Step 3 – Buy any partial denomination of Bitcoin

To purchase any amount of Bitcoin, you have to deal with a cryptocurrency broker. As with any currency broker, you will have to pay a fee to the broker, when purchasing your bitcoin. It is possible to buy 1 Bitcoin or less if that is all you wish to buy. The cost is simply based on the current market value of the full Bitcoin at any given time.

There are countless online bitcoin brokers. Simple Google Search will allow you to easily locate the best search for you. It’s always a good idea to compare their prices before proceeding with a purchase. You should also confirm the bitcoin price online, before making a purchase through a broker, as the price tends to fluctuate frequently.

Step 4 – Move away from any trading platform promising unrealistic returns to unsuspecting investors

Finding a reputable Bitcoin trading company that offers a high return is critical to your success on the Internet. Earning 1% daily is a high return in this industry. Earning 10% a day is impossible. With Bitcoin online trading, it is possible to double your digital currency within ninety days. You should avoid the temptation of any company offering returns like 10% per day. This type of return is unrealistic in cryptocurrency trading. There is a company called Coinexpro that has been offering 10% daily to Bitcoin traders. And it ended up being a Ponzi scheme. If it’s 10% a day, stay away. The aforementioned trading platform appears to be very sophisticated and has been considered legitimate. My advice is to focus on trading your bitcoins with a company that offers reasonable returns like 1% per day. There will be other companies that will try to separate you from your Bitcoin using unscrupulous methods. Be very careful when it comes to any company offering unrealistic returns. Once your bitcoin has been converted into a recipient, there is nothing you can do to recover it. You must ensure that the trading company you choose is fully automated and integrated with it blockchain From receiving to payment. Most importantly, it is vitally important to learn to differentiate legitimate trading opportunities from an unscrupulous, expert “company” when it comes to separating its clients from their money. Bitcoin and other digital currencies are not the problem. You must be careful when using trading platforms before handing over your hard-earned money.

Your return on investment should also be higher than 1% + per day because the trading company to which you lend bitcoin, is likely to earn in excess of 5% + per day, on average. Your ROI should also be transferred automatically to your ‘e-wallet’ at regular intervals throughout the term of the contract. There is only one platform that I feel comfortable using. Each Bitcoin investor / trader pays 1.1% per day as interest plus 1.1% per day of the equity. This type of return is staggering compared to what you will earn from traditional financial markets, however, with cryptocurrency, it is popular. Most banks will pay 2% annually!

If you are asked to do boring activities like logging into your account, sending emails, clicking on links etc., then you definitely need to keep looking for a suitable business that offers some sort of stable and forgettable platform. Because it already exists.

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What is the gold standard and its three different types

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Many countries have set the gold standard as a monetary system where the currency in use is based on a fixed amount of Au. In this monetary system, cash and deposits in the bank can be converted into gold and fixed rate. So far there are 3 common types of standards and they have been in practice since the 18th century. These are known as the gold specie, gold bullion standard, and gold exchange. To learn more about these three different criteria, a brief explanation is included below:

1. The type of gold. In this gold standard option, the unit of currency has a direct relationship to the gold coins in circulation. In other words, the unit of currency is related to the unit of value of each different gold coin. Minor coins with a lower value than gold use the same rules as well. The existence of the standard for gold coins was revealed in the era of medieval empires. Byzantine (Greek) and the British West Indies are some golden standard examples. However, this type of standard is rather a system in effect because it has not been formally established. It is originally from Spain and is known as the Doubloon. In 1873, the system was legally adopted by the United States and the American Gold Eagle was used as a unit.

2. Exchange of gold. This particular gold standard only includes trading coins whose value is less than gold, for example silver. Authorities tend to charge a fixed rate for the exchange of gold to countries that use the gold standard. Many countries choose to peg their currency units to the gold standard in the United States and the United Kingdom. For example, the Japanese, Mexicans, and Filipinos choose to exchange silver for US dollars at $ 0.50 per unit.

3. Gold bars. This type of Gold Standard sells gold bars at fixed prices based on demand. This method of circulation was first implemented by the British Parliament in 1925 as it revoked the gold standard for coins. In 1931, the UK government took the decision to temporarily abolish the gold bullion standard to curb the excessive flow of gold across the Atlantic. The same year saw the end of the gold standard.

The use of the gold standard brought many advantages. One is that the power to determine the occurrence of inflation within a country is not entirely vested in the government. In other words, inflation can be curbed by preventing the excessive issuance of paper currency by the government. At the same time, gold and silver exchange rates will develop a steady pattern in which global economic uncertainty can be reduced to a significant level. However, just like many other monetary systems, the gold bullion standard has its own set of disadvantages as well. It is believed that it may not be able to stabilize the economy during a depressed financial situation because it may cause ineffective monetary policy. This belief is logical, and many economists fear their theory will come true. In the gold standard, availability of (Au) is the only determinant of availability of money.

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The importance of international currencies and their symbols

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A country’s currency is its money either in the form of paper money, coins, bank notes etc. International currencies, represented by their symbols, play a vital role in international trade and are usually exchanged at the prevailing rates.

Currencies vary depending on the exchange rate regime. Floating currencies are market driven and the value of the currency is determined by the supply and demand model, while fixed currencies determine their own exchange rate and are maintained by the government. The US dollar, the euro, the pound sterling, and the yen are a few of the major international currencies prevalent in today’s global trade.

International currencies are identified by their unique 3-digit codes. These codes are designated in accordance with the ISO 4217 standard. Currency symbols are used in business, banking, international airlines and train tickets to avoid any price ambiguity. The first two characters in the symbol are the country code according to the ISO 3166-1 standard, which is also used for national domains on the Internet, and the last number in the currency symbol is usually derived from the name of the currency. For example, the currency symbol for the US dollar is USD, which is a combination of US, which is the country code of the United States and D, derived from the dollar.

However, there are a few international currencies that are not part of ISO 4217 due to their non-independent nature and being a variant of the other currencies. Few of them are Alderney pound, Cook Islands dollar, Jersey pound etc.

Some interesting facts about international currencies:

• Different countries can have the same name for their national currency. For example: The “dollar” is the currency of the United Nations, Canada, Australia, etc.

• Many countries can use the same currency. For example: the euro is the official currency of 16 of the 27 countries in the European Union.

• A country can use another country’s currency as legal tender, or as a payment to settle a debt.

• Each international currency has a main currency unit, 1 and a fractional currency, usually at 1/100. For example: 100 cents = 1 dollar.

• There are few currencies without any smaller units, ie the Icelandic krona.

To make international payments, it is easy to learn international currencies and their symbols.

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Fantasy and wage medieval RPG

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Usually systems and currencies for fictional role-playing games are based on historical values ​​and statistics of the real world, usually from the “Middle Ages”, also known as the Middle Ages, in contrast to the pre-classical civilization of the “Age of Antiquity” (the heyday of the Greeks and Romans) and the latter “modern era” “, Although some games borrow from pre- and post-medieval periods for their fictional currency systems.

middle Ages

The Middle Ages span from about 476 AD to 1500 AD, and are divided as follows:

Prior to AD 476 Classical Antiquity (Pre-Middle Ages) 476-1000 CE Early Middle Ages / Dark Ages / Late Antiquity 1000-1300 CE High Middle Ages 1300-1500 CE Late Middle Ages After 1500 CE Renaissance / Early Modern (Post-medieval times)

Incidentally, the Middle Ages are said to have begun with the fall of the Western Roman Empire in the fifth century, and ended with the rise of nation-states, European expansion abroad and the division and reform of Christianity in the early sixteenth century. The work will use the late Middle Ages, circa 1450-1550, as a general baseline for all values ​​and measurements.

Living wages

One day’s work tended to be the average measure of “basic propulsion” for most of the “common” roles in any ancient time, whether civilian or military, but since there were much more serfs and peasants than anything else, we would use the common factor of the farmer and all the values Associated with it as a baseline for wages and money. It should be noted that this is an urban peasant or a person who lives mainly on public work and daily work, not a farmer, freelancer, or otherwise.

Peanuts: Freeman and SERFS

About 90% of the medieval population is considered peasantry:

Freemen – completely independent individuals who worked only for themselves and owned or rented land from the Lord. Some Freeman even rose from humble beginnings and became gentry in their own right.

Serfs – they are basically contractual servants (but not slaves). Usually due to large debts, they agreed to this concluded slavery so that they could get themselves out of debt (few of them ever succeeded). The serfs were given a plot of land and some basic supplies by the Lord and they would work and keep the Lord’s possessions (land, animals, fences, etc.) and pay taxes, in exchange for security and a minimum wage.

Slaves – technically, a sub-class of peasants that was treated as property; Although there was some slavery in the early Middle Ages, this practice was slowly fading away even then and was rare or unknown in the late Middle Ages.

Sincere business day

Most medieval peasants, Freeman and Cerf alike, worked roughly the same number of hours as an hourly minimum wage employee in 2009, about 2,000 hours per year, out of 4,370 available hours, assuming a total of 12 hours per day 365 days available in the year. This can average up to 40 hours per week, 6 hours or less per day, and 7 days a week. The exceptions to this average are certain, and no one has heard of 10 and 12 hour days, although part of the reason for the long workday was because there were too many meal breaks and naps.

Since most of the work was based on the season, most peasants do not always work day in and day out throughout the year, but their schedule depends on the type of work they do. Peasants usually earn all their annual wages from one crop, two major crops, or other seasonal yields, leaving them with more “free time” than one might think – and this explains their seemingly “slack” work schedules.

Wages and payment

Since the peasants generally governed themselves by their own work schedules, their wages were fixed daily (although they were rarely paid daily), a week or a month, and there was almost nothing by the hour, and it was the minimum amount of work, or quota. , Usually required for a peasant to earn his full wage. Pretty much the same was true of Freemen who worked for themselves, as there was no point in dragging their feet, as it was their fences that needed repair, animals needing grazing, crops needing to harvest, etc.

In general, unskilled workers and peasants without some kind of professional or technical capacity, who simply worked the land, earn about 3 times a day, 1 second a week, about 4 seconds a month – 5 seconds or one crown (1/4 Lt) if they are really hardworking. Those who served in the military in basic service in peacetime usually charge 4 pence to 1 second per day (this also applies to ship crews etc.), and usually do not watch the fight, although the higher the likelihood of a fight and the closer to the event The more experienced a soldier, the greater his profit.

SERF requirements

The serf, who was not permitted to leave the land of his Lord, was usually required to work in the land of his Lord one to two days a week, fixing fences, harvesting crops and anything else that needed to be done, before he took care of his cultivation and subsistence. Usually the serf also owed a third of its crops to the Lord.

Related: http://www.mnsu.edu/emuseum/history/middleages/peasant.html

Types of payment / currency

Rarely was the “kingdom currency”, for the peasants, a coin, at least not a single coin, as trade and bartering were more common – trade in animals or food, etc. But on the occasions when Ka Ching’s trade was! …

Pound sterling – based on the currently non-standard sign pound (350 grams) of sterling silver (in most antiquity and cultures, including the Middle Ages, silver, not gold, was the base currency). Originally, there was no coin or other physical item (other than the actual tower pound of silver) called a “pound” – it was just a hypothetical unit suitable for coin collector, useful for accounting and record keeping. Coins that were worth £ 1, such as angels or angels, did exist, but were somewhat uncommon.

Crown – common only among the nobility and the royal family, crowns, some of which were silver but may also be made of gold, represent about five silver shillings, or a quarter of a pound.

Shilling – When a pound of silver was carved above to create individual coins (a silver shilling, one of which is believed to represent the value of one cow in Kent or a sheep elsewhere), I got about 20 seconds for a pound, so the split was more weight and substance than intentional allocation. Although some weights in the Middle Ages were calculated differently, we can generally say that the silver shilling weighed just under 19 grams – coins that are fairly large, and possibly impractical.

Larynx – represents and may be physically composed of about four pennies or silver

Pence – After dividing the Greek, Roman, and other currency systems of antiquity into smaller units of currency, each shilling could be divided, literally, into 12 silver pence (pennies), which were much smaller and thinner than the shilling – a shilling was equal to 12 pence because you would get On 12 pence if you carve out a silver shilling – again, that’s more of a weight measurement than the intentional monetary value, as each penny weighs just under 1.6 grams.

Ha’Penny – At 1/2 penny value, Ha’Penny, like Farthing below, has never been popular but has seen it use it from time to time.

Farthing – Farthing has rarely been the additional subdivision of the coin, where four Farthings equals a penny. Instead of an official coin, Farthing was usually a true silver penny, divided into four equal pieces – not very practical to carry around but allows you to work in increments smaller than a penny. It comes down to the lowest currency subdivision ever needed and many people tend to forgo using such a small unit of currency.

So we see that 1 pound = 4 crowns = 20 shillings = 240 pence

According to a large number of articles and resources on the Internet, it seems to me that the average farmer who earns about three silver pence a day will be like a modern professional – the people who earn one penny are like a “paid slave”, a burger-flipper / store writer, etc. Since it’s the lowest common denominator, I’ll focus on the modest 1p / day business rule.

That would make that one penny his daily wage, and for us in the modern era the typical day wage is around $ 48.00 if you go with the minimum wage of $ 6.00 an hour, which may or may not be adjusted for taxes, etc.

$ 48.00 a day will probably be as low as you go without going into part-time work and the waitresses / waitresses whose wages are non-standard, and most minimum wages are now approaching $ 7.00 + per hour.

So you see, if you base your criteria on just the daily wage, a penny = $ 48.00 if you want to keep it really simple. I have seen more professional and comprehensive research indicating that most peasants were fortunate to have half a silver a day (about 5 pence) but for the sake of argument and a nice marital number, I think most of the poorest peasants were * free * peasants were probably earning a penny a day, And some of them are more.

Based on the assumption above that an unskilled entry-level worker earned one cent a day, we have a fictional / medieval penny that basically equates to a modern (2009) US dollar total of about $ 48.00, even if we say $ 50.00 to equal it.

It takes 12 pence to make a shilling, so ($ 50 x 12 = $ 524.00) one shilling will be $ 524.00. This means that an unskilled peasant worker will likely earn less than a shilling for two weeks of work.

Farth, being just a quarter coin, it would have been worth about $ 12.50. That sounds like a lot, so let’s stop here with that amount, go back to our basic assumption and change the average daily wage from one penny to one shilling.

Let’s, in this 1s / day rule, not only include the currency itself for work, but potentially the room and the food (food, clothing, amenities), which obviously wasn’t the case for the wage that was charging a penny, like the total belly and the ceiling The top is worth more than a shiny penny. So let’s take the full set of “liquid” payments plus the summaries and call it one silver shilling per day for an unskilled worker.

Now let’s instead make the $ 48.00 Silver Shilling.

A penny (12 silver shillings) was equal to about (12/48 = 4) $ 4.00, which would also mimic the fizzy nicely, making each farth equal to $ 1.00.

Going up to a pound or crown, the 20 silver shillings that make up the pound are equal to (20 x 48 = 960) $ 960.00, which you can, without much hassle, round it up to $ 950 or up to $ 1000.00.

Obviously the weights will be the dollar bill, and pretty much everything important in any historical game or role-playing economy, especially the lesser items, costs at least that much, while the penny next comes in more or less than $ 4.00 / $ 5.00, which is pretty Very common.

Finally, suppose between these two extremes that the person earns 3p a day? We’ll divide our prime shapes by 3 (48/3 = $ 16) to get the equivalent of $ 16.00 per penny in the modern era.

This would make Farthings (16/4 = 4) $ 4.00 each, Shillings (16 x 20 = $ 320) $ 320.00, Crowns $ 1600, and 1 Tower $ 6400 each.

So what is correct for your purposes? Really, it will depend on what you set as a baseline for your particular situation, whether you use a low, medium or high scale for wages and wages, and whether or not you deal with the intangibles – as is the case with most other things in life, basically, they may vary. Your mileage.

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Fear not, China is not banning the cryptocurrency

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In 2008 after the financial crisis, a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published, detailing the concepts of the payment system. Bitcoin was born. Bitcoin has gained world attention for its use of blockchain technology and as an alternative to currencies and paper goods. Blockchain is known to be the second best technology after the internet, as it has provided solutions to problems that we failed to address or ignore over the past few decades. I will not go into the technical side of it but here are some articles and videos that I recommend:

How does Bitcoin work under the hood

A nice introduction to blockchain technology

Have you ever wondered how Bitcoin (and other cryptocurrencies) actually works?

Fast forward to today, February 5th to be exact, authorities in China just unveiled a new set of regulations to ban cryptocurrency. The Chinese government did this already last year, but many circumvented it through foreign exchanges. It has now enlisted the powerful “ Great Firewall of China ” to block access to foreign exchanges in an effort to prevent its citizens from making any cryptocurrency transactions.

To find out more about the position of the Chinese government, let’s take a few years back to 2013 when Bitcoin was gaining popularity among Chinese citizens and prices were rising. Concerned about price volatility and speculation, the People’s Bank of China and five other government ministries published an official notice in December 2013 titled “Notice on Preventing Bitcoin Financial Risks” (Mandarin link). Several points are highlighted:

1. Due to various factors such as limited supply, anonymity and lack of a central issuer, Bitcoin is not an official currency but a virtual good that cannot be used in the open market.

2. Not all banks and financial institutions are permitted to provide Bitcoin-related financial services or engage in Bitcoin-related trading activity.

3. All companies and websites that provide services related to Bitcoin must register with the necessary government ministries.

4. Due to Bitcoin’s anonymity and cross-border features, organizations that provide services related to Bitcoin should implement precautionary measures such as KYC to prevent money laundering. Any suspicious activity including fraud, gambling and money laundering must be reported to the authorities.

5. Organizations providing services related to Bitcoin should educate the public about Bitcoin and the technology behind it and not mislead the public with misleading information.

In layman’s term, Bitcoin is categorized as a virtual good (for example, in-game credits) that can be bought or sold in its original form and not exchanged for fiat currency. It cannot be defined as money – something that acts as a medium of exchange, an accounting unit, and a store of value.

Although the notice is dated 2013, it is still relevant regarding the position of the Chinese government on Bitcoin and as mentioned, there is no indication of Bitcoin and cryptocurrencies being banned. Instead, regulation and education around Bitcoin and the blockchain will play a role in the Chinese crypto market.

A similar notice was issued in January 2017, once again confirming that Bitcoin is a hypothetical commodity, not a currency. In September 2017, the boom in Initial Coin Offerings (ICOs) led to the publication of a separate notice titled “Notice about Preventing Financial Risks for Issued Tokens”. Soon after, ICOs were banned and Chinese exchanges were investigated and eventually closed. (Hindsight is 20/20, they made the right decision to ban ICOs and stop gambling that doesn’t make sense.) Another blow to the Chinese cryptocurrency community was dealt in January 2018 when mining operations faced draconian measures due to excessive electricity consumption.

Although there is no official explanation regarding the crackdown on cryptocurrencies, capital controls and illegal activities and protecting their citizens from financial risks are some of the main reasons the experts cited. Indeed, Chinese regulators have implemented stricter controls such as an external withdrawal ceiling and regulation of foreign direct investment to limit capital outflows and ensure domestic investment. The anonymity and ease of cross-border transactions have made cryptocurrencies a preferred method for money laundering and fraudulent activities.

Since 2011, China has played a crucial role in the rise and fall of Bitcoin. At its peak, China accounted for more than 95% of global bitcoin trading volume and three quarters of mining operations. As regulators step in to control trade and mining operations, China’s dominance has diminished dramatically in exchange for stability.

With countries like Korea and India following suit in the crackdown, it now casts a shadow over the future of cryptocurrencies. (I’ll repeat my point here: Countries regulate cryptocurrency, not ban it.) Without a doubt, we will see more countries joining in in the coming months to rein in the turbulent cryptocurrency market. Indeed, some kind of order was long overdue. Over the past year, cryptocurrencies have experienced price volatility never heard before, and Initial Coin Offerings (ICOs) happen literally every day. In 2017, the total market cap increased from $ 18 billion in January to an all-time high of $ 828 billion.

However, the Chinese community is in surprisingly good spirits despite the repression. Online and offline communities are thriving (I’ve personally attended quite a few events and visited a few companies) and blockchain companies are spreading across China.

Big blockchain companies like NEO, QTUM, and VeChain are getting a lot of attention in the country. Startups like Nebulas, High Performance Blockchain (HPB), and Bibox are also gaining a fair amount of traction. Even giants like Alibaba and Tencent are also exploring blockchain capabilities to improve their platform. The list goes on and on, but you understand me; It will be hoggie!

The Chinese government has also adopted blockchain technology and has intensified its efforts in recent years to support the creation of a blockchain ecosystem.

In China’s Thirteenth Five-Year Plan (2016-2020), it called for the development of promising technologies including blockchain and artificial intelligence. It also plans to boost research on the application of fintech to regulation, cloud computing and big data. Even the People’s Bank of China is also testing a prototype of a blockchain-based digital currency; However, it is possible that a central digital currency may be linked to some cryptocurrency, but its adoption by Chinese citizens remains unclear.

The launch of the Trusted Blockchain Open Lab as well as the China Blockchain Technology and Industry Development Forum by the Ministry of Industry and Information Technology are some of the other initiatives taken by the Chinese government to support blockchain development in China.

A recent report entitled “China Blockchain Development Report 2018” (English version at link) was presented by the China Blockchain Research Center detailing the development of the blockchain industry in China in 2017 including the various measures taken to regulate cryptocurrency in the mainland in a separate section, the report highlighted On the optimistic outlook of the blockchain industry and the tremendous attention it received from VCs and the Chinese government in 2017.

In short, the Chinese government has shown a positive attitude towards blockchain technology despite its application to cryptocurrencies and mining operations. China wants to control the cryptocurrency, and China will take control. The aim of the frequent enforcement operations by the regulators was to protect their citizens from the financial risks of cryptocurrencies and reduce the flow of capital. As of now, it is legal for Chinese citizens to hold cryptocurrencies but are not allowed to conduct any form of transactions; Hence the ban on exchange. As the market stabilizes in the coming months (or years), we will undoubtedly see a recovery in the Chinese crypto market. Blockchain and cryptocurrency come side by side (except for the special chain where the token is not necessary). Thus, countries cannot block cryptocurrencies without blocking the blockchain.

One thing we can all agree on is that blockchain is still in its infancy. Many exciting developments await, and now is definitely the best time to lay the groundwork for a blockchain enabled world.

Last but not least, HODL!

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