What is a Cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin's success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.

Cryptocurrency Benefits and Drawbacks

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

Central to the genius of Bitcoin is the block chain it uses to store an online ledger of all the transactions that have ever been conducted using bitcoins, providing a data structure for this ledger that is exposed to a limited threat from hackers and can be copied across all computers running Bitcoin software. Many experts see this block chain as having important uses in technologies, such as online voting and crowdfunding, and major financial institutions such as JP Morgan Chase see potential in cryptocurrencies to lower transaction costs by making payment processing more efficient.

However, because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist. Since prices are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely.

Cryptocurrencies are not immune to the threat of hacking. In Bitcoin's short history, the company has been subject to over 40 thefts, including a few that exceeded $1 million in value. Still, many observers look at cryptocurrencies as hope that a currency can exist that preserves value, facilitates exchange, is more transportable than hard metals, and is outside the influence of central banks and governments.

The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion.

Learn more...
What are Crypto Currencies?
A digital currency relying on the principles of cryptography

The Wiki describes it well; a cryptocurrency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

I don't get it, in English please
Let's look at the first sentence again and break it down word for word:

A cryptocurrency is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

Peer-to-peer refers to each node on the network being able to connect to any other node and act as both a server and a client sharing updates to the blockchain (public ledger) without the need for a central server.

Decentralized refers to the peer-to-peer architecture of the network. Because each node can act as both a server and a client, there is no need for a central server or centralized authority, thus effectively solving the double spending problem.

Digital currency, among its various names, is electronic money that acts as alternative currency in the digital realm (though offline adoption is increasing as well). Currently, alternative digital currencies are not produced by government-endorsed central banks nor necessarily backed by national currency.

Principles of cryptography

Cryptography relies on public and private keys for security. With cryptocurrencies every transaction has to be signed by a private key for security. Due to the strong security and well understood principles of cryptography, counterfeiting digital currencies is virtually impossible.

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Reference:

Automated Proven Online Sales System

My personal review on APS by Unity Network.

Recently I joined a program named APS (Ascending Profit System). It's actually an automated online business which you will be guided by UN Coaches how to acquire basic skills to earn online and have proper mindset to attain success in venturing affiliate like franchise systems in short online businesses. Initially in order to use the APS system you just need to pay for the franchise fee a minimal investment of 2,990 pesos only and once approved you will be given rights to resell the products and services of Unity Network which will give franchise partners an instant 1,000 pesos (low tier income/commission) for every sales.

What I like most in this business model is that this is automated, very low investment to start with, huge income potential and not MLM. After few weeks of research I'm confident and proud to say that this is legit and will be long term.

I believed in his advocacy and I wish to thank Coach Eduard Reformina and the rest of the Coaches specially Coach Paulo Sonza for sharing this to public.Other franchise partners are already reaping the benefits of using the APS system...let's join them!

Take charge of your life now and start building your dreams for your love ones.

Let me invite you to take part in this journey and join my team now!

---------------> Rewop Krowten Club <---------------

To learn more:

---------------> APS Blueprint <---------------

Unity Network is a company that provides educational products to small business owners and aspiring entrepreneurs.

It is a Philippine registered corporation with S.E.C. registration number: CS201616056

Unity Network offer products ranging from digital information products, online courses, seminars, workshops and mastermind retreats.

Unity Network is also the largest community of Filipino internet marketers with almost 35,000 facebook group members and almost 14,000 affiliate members and customers.

Unity Network also offer a "franchise like" affiliate program where people can resell our products and services to earn income and commissions.

We provide our partners with high converting and ready to use online business system so they can start building their online business right away instead of starting from scratch. We called this system the "Ascending Profit System" or APS for short.

---------------> Rewop Krowten Club <---------------

VISION

Unity Network is founded by Eduard Reformina and his vision is to create a community of entrepreneurs with the most inspiring success stories that will inspire more people to achieve their dreams.

MISSION

Our mission is to help our customers and members to achieve the life of their dreams by giving them quality education, inspiring online environment and powerful tools to build a successful online business.

If you have any questions about Unity Network, feel free to PM me or contact our website support group.

Join my team now!

---------------> Rewop Krowten Club <---------------

To learn more:

---------------> APS Blueprint <---------------

Quick Update!

Hi Guys,

I do apologize for haven't posted here for almost 2 months now. Real life emergencies... *sighs

Asking for your patience and consideration as of the moment.

I will promise to be back on the scene with more quality information and will also make up my absence with free cool stuffs.

Stay connected and God bless to everyone!

6 Ways To Manage Your Finances As A Responsible Couple

After walking the isle and the sound of wedding bells the journey begins...

Getting married is exciting as a whole thing, but it brings many challenges. One such challenge that you and your spouse will have to face is how to handle your finances. Planning carefully and communicating clearly are important, because the financial decisions that you make now can have a lasting impact on your household.

1. DISCUSS YOUR FINANCIAL GOALS

- The first step in mapping out your financial future together is to discuss your financial goals right away. Start by making a list of your short-term goals (e.g., paying off wedding debt, new car, vacation) and long-term goals (e.g., having children, your children's college education, retirement), be realistic and accurate as possible. Then, determine which goals are most important to both of you. Once you've identified the goals that are a priority, you can focus your energy on achieving them.

2. PREPARE A BUDGET

- Next, you should prepare a budget that lists all of your income and expenses over a certain time period (e.g., monthly, annually), mandatory. You can designate one spouse to be in charge of managing the budget, or you can take turns keeping records and paying the bills. If both you and your spouse are going to be involved, make sure that you develop a record-keeping journal that both of you understand the different terminologies or legends. And remember to keep your records in a joint filing system so that both of you can easily locate important documents.

Begin by listing your sources of income (e.g., salaries and wages, interest, dividends). Then, list your expenses (it may be helpful to review several months of entries in your checkbook and credit card bills). Add them up and compare the two totals. Hopefully, you get a positive number, meaning that you spend less than you earn. If not, review your expenses and see where you can cut down on your spending, as necessary.

3. BANK ACCOUNTS--SEPARATE OR JOINT?

- At some point, you and your spouse will have to decide whether to combine your bank accounts or keep them separate. Maintaining a joint account does have advantages, such as easier record keeping and lower maintenance fees. However, it's sometimes more difficult to keep track of how much money is in a joint account when two individuals have access to it. Of course, you could avoid this problem by making sure that you tell each other every time you write a check or withdraw funds from the account. Or, you could always decide to maintain separate accounts. Talk what would be a convenient method for your household and implement a strict monitoring.

4. CREDIT CARDS

- If you're thinking about adding your name to your spouse's credit card accounts, think again. When you and your spouse have joint credit, both of you will become responsible for 100 percent of the credit card debt. In addition, if one of you has poor credit, it will negatively impact the credit rating of the other. -- not a wise move in my opinion.

If you or your spouse does not qualify for a card because of poor credit, and you are willing to give your spouse account privileges anyway, you can make your spouse an authorized user of your credit card. An authorized user is not a joint cardholder and is therefore not liable for any amounts charged to the account. Also, the account activity won't show up on the authorized user's credit record. But remember, you remain responsible for the account 100%.

5. INSURANCE

- If you and your spouse have separate health insurance coverage, you'll want to do a cost/benefit analysis of each plan to see if you should continue to keep your health coverage separate. For example, if your spouse's health plan has a higher deductible and/or co-payments or fewer benefits than those offered by your plan, he or she may want to join your health plan instead. You'll also want to compare the rate for one family plan against the cost of two single plans. Same goes with your life insurance coverage.

It's a good idea to examine your auto insurance coverage, too. If you and your spouse own separate cars, you may have different auto insurance carriers. Consider pooling your auto insurance policies with one company; many insurance companies will give you a discount if you insure more than one car with them. If one of you has a poor driving record, however, make sure that changing companies won't mean paying a higher premium.

6. EMPLOYER-SPONSORED RETIREMENT PLANS

If both of your participates in an employer-sponsored retirement plan, you should be aware of each plan's characteristics. Review each plan together carefully and determine which plan provides the best benefits. If you can afford it, you should each participate to the maximum in your own plan. If your current cash flow is limited, you can make one plan the focus of your retirement strategy. 

Here are some helpful tips:

·         If both plans match contributions, determine which plan offers the best match and take full advantage of it

·         Compare the vesting schedules for the employer's matching contributions

·         Compare the investment options offered by each plan--the more options you have, the more likely you are to find an investment mix that suits your needs

·         Find out whether the plans offer loans--if you plan to use any of your contributions for certain expenses (e.g., your children's college education, a down payment on a house), you may want to participate in the plan that has a loan provision

Take charge of your finances and start asap.

 The information is provided by a third party and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. While the publisher has been diligent in attempting to provide accurate information, the accuracy of the information cannot be guaranteed. Laws and regulations change frequently, and are subject to differing legal interpretations.

How to help those you care about maintain their quality of life?

I was in the wake of my Uncle when I first realized the importance of protecting your loved ones in times of untimely death that was in 2001. Basically I'm in my early twenties and still innocent/ignorant when it comes to financial planning.

The decedent was 46 years old and quite healthy because he was an active member of local cyclist group,  the cause of death was car accident. It was a tragedy for his family because he was the bread winner and worst of all no insurance coverage at all even personal accident.  Now going back to our main topic the only viable solution for this sad event is to have a counter strategy to offset the incurred expenses and that is possible if you have extra funds in your bank account earning huge interest. Other way of doing this is to have a life insurance - many will argue and show discernment on this but do you have any other options? or maybe an alternative to cover all the expenses once the bread winner passed away?

Life insurance creates a way to help those you care about to maintain their quality of life in the event of untimely death and may provide retirement and other benefits.

Why Life insurance?
- A life insurance policy can provide protection based on your current situation, goals and needs.

*Permanent Life Insurance: Provides lifelong coverage while building cash value.
*Term Life Insurance:  Often costs less, but covers only a set period of time and does not build cash value.

Key Points
- Life insurance provides funds to your family or an organization after your passing.
- Term life insurance provides protection at a low cost, but doesn't build cash value.
- Permanent life insurance provides protection while serving as an investment opportunity with potential for growth and can serve as your retirement.

If you already took steps to financially protect your family, remember to periodically assess your situation. Changes in your income, financial obligation and long-term goals mean the type and amount of life insurance you need may have changed, too.

When you discuss life insurance with your financial advisor, you’ll need to review information about your financial situation. For example, you’ll likely cover your:

• Current life insurance and savings
• Current income and monthly expenses
• Other family commitments, such as college funding
• Survivor's basic needs
• Survivors' expected income vs. income needed to cover expenses for life

After assessing your coverage needs, your advisor can recommend the right life insurance policy for you.

Term insurance	Permanent insurance
Choose for a specific time period (term)	Choose for long-term protection
Provides coverage for a selected time period such as 10, 15 or 20 years Your beneficiaries collect the proceeds of the policy if you pass away during the selected years A term policy does not build cash value	Provides coverage until death, as long as premiums are paid on time A permanent policy may build cash value You can borrow from the cash value income tax-free to meet other financial needs 

I will add a financial calculator soon so don't forget to subscribe in my blog.

How to Create Unlimited Eye Popping Graphics?

Nowadays it really stands out if you have a quality logo for your business simple yet eye catching but this will also cost you hundred of dollars or even a thousands.

Worry no more and thanks to Marc Sylvester the man behind this awesome software "The Logo Creator". This tool is a must for wanna-be graphic designers and as well to those who wish to start their venture into graphics designing.

The Logo Creator is more than just a logo design software - you can create so many cool graphics. Check out this few templates...

The Logo Creator is the ultimate software for creating powerful logos, blog images, podcast covers, eBook images, Facebook timeline images and SO much more! No Photoshop, Nothing to Draw. 

The Next Evolution in Content Creation has finally arrived!

One of the common obstacles that many internet marketers and bloggers especially the newbies (new ones) face is having a good quality content and indeed you need lot's of  it to draw traffic to your website.

The new generation bloggers will no longer encounter the same worries as before because the next evolution in content creation has finally arrived. Yes that's true if you will have this product you will definitely gain confidence and much more you will increase the profit.

Introducing Rapid Content Wizard - unlimited ranking & traffic with the Power of Content Fusion.

Rapid Content Wizard is a software that helps you:

-- build unlimted content saving you lots of time and money
-- gets you unlimited ranking and traffic
-- get high quality results

and much much more...

Rapid Content Wizard was created by Alan Brown, but is being marketed by Sean Donahue who has also released some incredible software.

Pls. check this video for review and some demo.

Ciao!