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I am sure you, just like me, have cursed yourself for not buying Bitcoin 2 years ago when your friend told you about it. I do not like the feeling of having missed out, just like you. This creates a FOMO and it is one of the reasons the crypto market has been exploding lately! We don’t want the same feeling of missing out two years from now. This means that we try to find the next Bitcoin, the next golden token, the next investment that will make us rich!

But not only investors have picked up on the rapidly increasing speed at which new tokens are released. Scammers and people who want to profit from peoples lack of knowledge and inability to determine which ICO and investments are legit are increasing in number.

For this very reason, we have put together a strategy which will help you get started in finding great tokens and ICOs to invest in! Naturally, as always, you have to do your own due diligence but strategy this will help you get started and hopefully set off some alarm bells should you come over any scams or fake ICOs! So without further ado, let’s dive into the 4 T’s of investing in ICOs!


The 4 T’s


1. TEAM
The Team might be the most important variable to if a company will succeed or fail. It is absolutely crucial that the team is competent and that you feel comfortable giving your money to these people. A simple trick to do to make sure the people are looking out for the best of their company (not their pockets) is by looking them up on LinkedIn. Check out the CEO, CMO, CTO and any other person you would like to know how they are going to make success happen. You can actually even read out and ask questions in InMail.

2. TECH
Some people love deep diving in the nitty-gritty of the tech behind the blockchain and token. You can go and look at the company’s actual code over at GitHub and see if that looks good or not. If you, on the other hand, are not a person who likes to go deep in the code, it’s still a good idea to search on Google or ask a tech-savvy friend to look at the tech with you.

3. TIME
There’s one thing I absolutely LOVE that ICOs do and many businesses keep on their websites. The beautiful thing they call a ”roadmap”. It very easily illustrates what has happened with the company up to this point, what’s coming next, and what will happen a bit further down the road. This is one of my favorite features of ICO websites. If they do not have a roadmap, turn on your scam radar. If the roadmap does not make sense, turn on your scam radar. If the company is legit, the roadmap is there to provide value and to help you get a grasp and overview of what will happen in the weeks to come!

4. TOKEN
Hard-cap? Valuation? Exchanges? In the end, it is the token that you invest in more specifically. The token is the tradeable symbol of value. EVERYTHING that the company does, ends up as the value of the token. The team makes sure the project is moving forward. The time determines how mature the company is, how far it has come. The tech is the underlying variable for if the token is actually valuable and actually has a purpose.

Those are the 4 T’s of investing in ICOs that you NEED to check out BEFORE putting your money in any token. These principles will help you avoid scams and hopefully guide you towards the next rocket in the token market!


I'll talk to you all in a bit(coin)!
 

Läs hela inlägget »

8 years ago, in 2009, Bitcoin creator Satoshi Nakamoto released a whitepaper for a system which would forever change the way we make transactions. Nakamoto proposed that we started making transactions peer-to-peer instead of using middle hands like banks and other financial institutions. This would make sending money and making payments quicker, more seamless and a lot cheaper.

For example, if I wanted to send 115 dollars from Sweden to Australia, I would have to pay a fee of 2.5% and my money would arrive in Australia 3 days later! That’s insane!

Bitcoin and other cryptocurrencies enables transactions like this to be instant and cheap by using cryptography and advanced mathematical calculations (hence the name “crypto”currency). Community is what makes a system like Bitcoin possible, everyone using cryptocurrencies are contributing to its development. 


“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”


- Peter Diamandis


The cookie and the pastry chef
Let’s exemplify this with the transaction of a cookie between you and me. I can give the cookie to you instantly and without paying any fees. You receive the cookie instantly. There is no need for a pastry chef or a café to be a middle hand in this transaction since you know I gave it to you. The cookie is yours now and you can do whatever you want with it. Eat it, throw it away, trade it for a glass of milk. I don’t know, it’s your decision. After this transaction, you have one cookie and I have zero. But what if I change my mind and want the cookie back? Can I claim the cookie still is  mine and I never gave it to you? Can I claim you took it from me?

No.

The reason for this is because me giving you the cookie was watched by hundreds of thousands of people, everyone saw me giving the cookie to you. In bitcoin transactions this is what makes it a stable system, everyone in the network verifies transactions and every transaction is recorded on what is called a ”public ledger”.

So when I send my 0.0103697 BTC (or 115 usd) it is recorded on the public ledger and everyone can see that this transaction happened. This massively reduces the risk of fraud and it is immensely difficult to change the ledger retroactively. 


More reasons why Bitcoin is exciting 
There is a limited amount of bitcoins. There will only ever be 21 million of them, making it a deflationary currency rather than an inflationary currency like all FIAT- money. The governments of the world just keep printing more money every year, making the money you currently own and are saving, less and less valuable. Since there will only ever be 21 million Bitcoin and the demand will only rise, the price will keep going up, making each bitcoin increase in value.

There is no way of creating more Bitcoin. At the rate we are mining bitcoin, we probably wont be around to witness the final bitcoin be mined. This is due to the fact that the cryptographic problems become exponentially more difficult the nearer the end we come, meaning that it will take more time and more computing power to solve for the last bitcoin. 

I should also add that Bitcoin is decentralized meaning that no one owns it. There is no person or organisation that owns Bitcoin. Just like the Internet, it is decentralized, maintained by the community and developed by its users. 


To make a long story long
Satoshi Nakamoto created a system which would forever change how we make transactions. Bitcoin has already been adopted by many which means you can actually purchase things with Bitcoin. And just like with FIAT currency, there are bad and good purchases with cryptocurrency. Back in 2010 an early adopter of Bitcoin purchased two pizzas for 10 000 BTC. In todays value, those Bitcoins are worth over 100 million usd. 

Cryptocurrency is a safe way to make transactions cheaper, quicker with a minimal risk of fraud. It is decentralized meaning that no one owns it. It has the potential to change the financial world as we know it since it essentially eliminates the need for banks. I’m excited to see what the future has in store for Bitcoin and other  cryptocurrencies.


I will see you all in a bit(coin)!

Läs hela inlägget »

Blockchain technology and the adoption of it has begun to revolutionize the way we send money and make payments. More and more people are learning the fantastic opportunities blockchain will enable in the financial world. But a smaller number of people know other industries where blockchain will have a giant impact in the future. We’ve compiled them below.


Voting


Every time there is an election in a country there is often speculation as to if the election was legal. It’s not rare that the losing party accuses the winning party of cheating with fake votes. With blockchain, this problem will be non-existent since all votes are recorded on the public ledger. No that does not mean everyone can see what you voted for. It does mean that everyone who can legally vote will get a private key which can only be used once and then it gets verified. This eliminates the speculation of rigged elections. For example, Lithuania is experimenting with blockchain-based elections already!


Supply chain management


This is a HUGE area where blockchain probably will have a big influence on the way supply chains are managed. Due to globalization, we can get our hands on goods from pretty much anywhere on the globe. This means long supply chains, expensive handling costs, and long waiting times. Implementing blockchain into the management of supply would dramatically lower costs and increase efficiency. Imagine you’re ordering a shirt from H&M. The garment probably starts out at a cotton farm. The genesis block would be the sale from the farmer to the logistics company, shipping the fabric to the textile factory. Then the next block would be added when the textile company turns it into a garment. Then that gets shipped to the sewing factory and then onto a boat or plane. Delivered to the customs, transported to the store and then you get it in your hands. Thats a LONG chain of supply. Each and every step could be traced with blockchain technology. Who handled what part of the chain? What took most time? Where are the unnecessary costs? Blockchain holds the answer. 


Banking


This is the industry where the blockchain-revolution started and has had the most impact and widespread recognition. Bitcoin creator Satoshi Nakamoto had the vision to change how we make transactions over the internet without the involvement of a third party (bank). Blockchain fully enables peer-to-peer transactions on the web by registering every transaction on the blockchain. When other members of the network have confirmed and verified that a transaction is legit, it then gets permanently added to the blockchain, and when enough people have verified it, everyone's ledger gets updated. This eliminates the need for a bank.


Charity


Every once in a while there is a huge story in the news about a big charity organization which has gone corrupt. Fishy deals in third world countries and high executives getting juicy bonuses has become one of the largest problems for charities. Their trust gets erased every couple of years, and then they have to start over. Just like with the supply chain, you can monitor EXACTLY what your generous contribution actually contributes to. By adding all information about the money you donated and how it's being handled, by whom, and where, the risk of fraud and corruption. 


Government


Governments around the world are known for a lot of bureaucracy and long handling times. Sometimes even corruption. The technology that blockchain enables means that processes in government will be a lot quicker and smoother. Blockchain will increase general safety, and most importantly, it will help create a transparent government. For example, Dubai is looking to implement blockchain in their government.

Boy are these exciting times we are living in! I am just humbled by the number of people who are starting to grasp the power of crypto. But for it to survive, we all need to contribute and support organizations that are leading the development and the further adoption of this wonderful thing called blockchain. Share this post to spread awareness. Share this post to contribute to a blockchain world! I don't know about you, but I can't wait to see what the future has in store for blockchain. What I do know is that I want to be a part of it.

Läs hela inlägget »
December 20, 2017
The 4 T's of ICO investing

I am sure you, just like me, have cursed yourself for not buying Bitcoin 2 years ago when your friend told you about it. I do not like the feeling of having missed out, just like you. This creates a FOMO and it is one of the reasons the crypto market has been exploding lately! We don’t want the same feeling of missing out two years from now. This means that we try to find the next Bitcoin, the next golden token, the next investment that will make us rich!

But not only investors have picked up on the rapidly increasing speed at which new tokens are released. Scammers and people who want to profit from peoples lack of knowledge and inability to determine which ICO and investments are legit are increasing in number.

For this very reason, we have put together a strategy which will help you get started in finding great tokens and ICOs to invest in! Naturally, as always, you have to do your own due diligence but strategy this will help you get started and hopefully set off some alarm bells should you come over any scams or fake ICOs! So without further ado, let’s dive into the 4 T’s of investing in ICOs!


The 4 T’s


1. TEAM
The Team might be the most important variable to if a company will succeed or fail. It is absolutely crucial that the team is competent and that you feel comfortable giving your money to these people. A simple trick to do to make sure the people are looking out for the best of their company (not their pockets) is by looking them up on LinkedIn. Check out the CEO, CMO, CTO and any other person you would like to know how they are going to make success happen. You can actually even read out and ask questions in InMail.

2. TECH
Some people love deep diving in the nitty-gritty of the tech behind the blockchain and token. You can go and look at the company’s actual code over at GitHub and see if that looks good or not. If you, on the other hand, are not a person who likes to go deep in the code, it’s still a good idea to search on Google or ask a tech-savvy friend to look at the tech with you.

3. TIME
There’s one thing I absolutely LOVE that ICOs do and many businesses keep on their websites. The beautiful thing they call a ”roadmap”. It very easily illustrates what has happened with the company up to this point, what’s coming next, and what will happen a bit further down the road. This is one of my favorite features of ICO websites. If they do not have a roadmap, turn on your scam radar. If the roadmap does not make sense, turn on your scam radar. If the company is legit, the roadmap is there to provide value and to help you get a grasp and overview of what will happen in the weeks to come!

4. TOKEN
Hard-cap? Valuation? Exchanges? In the end, it is the token that you invest in more specifically. The token is the tradeable symbol of value. EVERYTHING that the company does, ends up as the value of the token. The team makes sure the project is moving forward. The time determines how mature the company is, how far it has come. The tech is the underlying variable for if the token is actually valuable and actually has a purpose.

Those are the 4 T’s of investing in ICOs that you NEED to check out BEFORE putting your money in any token. These principles will help you avoid scams and hopefully guide you towards the next rocket in the token market!


I'll talk to you all in a bit(coin)!
 

Läs hela inlägget »
December 17, 2017
WTF is Bitcoin?!
December 4, 2017
5 industries that will be revolutionized by blockchain

I am sure you, just like me, have cursed yourself for not buying Bitcoin 2 years ago when your friend told you about it. I do not like the feeling of having missed out, just like you. This creates a FOMO and it is one of the reasons the crypto market has been exploding lately! We don’t want the same feeling of missing out two years from now. This means that we try to find the next Bitcoin, the next golden token, the next investment that will make us rich!

But not only investors have picked up on the rapidly increasing speed at which new tokens are released. Scammers and people who want to profit from peoples lack of knowledge and inability to determine which ICO and investments are legit are increasing in number.

For this very reason, we have put together a strategy which will help you get started in finding great tokens and ICOs to invest in! Naturally, as always, you have to do your own due diligence but strategy this will help you get started and hopefully set off some alarm bells should you come over any scams or fake ICOs! So without further ado, let’s dive into the 4 T’s of investing in ICOs!


The 4 T’s


1. TEAM
The Team might be the most important variable to if a company will succeed or fail. It is absolutely crucial that the team is competent and that you feel comfortable giving your money to these people. A simple trick to do to make sure the people are looking out for the best of their company (not their pockets) is by looking them up on LinkedIn. Check out the CEO, CMO, CTO and any other person you would like to know how they are going to make success happen. You can actually even read out and ask questions in InMail.

2. TECH
Some people love deep diving in the nitty-gritty of the tech behind the blockchain and token. You can go and look at the company’s actual code over at GitHub and see if that looks good or not. If you, on the other hand, are not a person who likes to go deep in the code, it’s still a good idea to search on Google or ask a tech-savvy friend to look at the tech with you.

3. TIME
There’s one thing I absolutely LOVE that ICOs do and many businesses keep on their websites. The beautiful thing they call a ”roadmap”. It very easily illustrates what has happened with the company up to this point, what’s coming next, and what will happen a bit further down the road. This is one of my favorite features of ICO websites. If they do not have a roadmap, turn on your scam radar. If the roadmap does not make sense, turn on your scam radar. If the company is legit, the roadmap is there to provide value and to help you get a grasp and overview of what will happen in the weeks to come!

4. TOKEN
Hard-cap? Valuation? Exchanges? In the end, it is the token that you invest in more specifically. The token is the tradeable symbol of value. EVERYTHING that the company does, ends up as the value of the token. The team makes sure the project is moving forward. The time determines how mature the company is, how far it has come. The tech is the underlying variable for if the token is actually valuable and actually has a purpose.

Those are the 4 T’s of investing in ICOs that you NEED to check out BEFORE putting your money in any token. These principles will help you avoid scams and hopefully guide you towards the next rocket in the token market!


I'll talk to you all in a bit(coin)!
 

Läs hela inlägget »

8 years ago, in 2009, Bitcoin creator Satoshi Nakamoto released a whitepaper for a system which would forever change the way we make transactions. Nakamoto proposed that we started making transactions peer-to-peer instead of using middle hands like banks and other financial institutions. This would make sending money and making payments quicker, more seamless and a lot cheaper.

For example, if I wanted to send 115 dollars from Sweden to Australia, I would have to pay a fee of 2.5% and my money would arrive in Australia 3 days later! That’s insane!

Bitcoin and other cryptocurrencies enables transactions like this to be instant and cheap by using cryptography and advanced mathematical calculations (hence the name “crypto”currency). Community is what makes a system like Bitcoin possible, everyone using cryptocurrencies are contributing to its development. 


“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”


- Peter Diamandis


The cookie and the pastry chef
Let’s exemplify this with the transaction of a cookie between you and me. I can give the cookie to you instantly and without paying any fees. You receive the cookie instantly. There is no need for a pastry chef or a café to be a middle hand in this transaction since you know I gave it to you. The cookie is yours now and you can do whatever you want with it. Eat it, throw it away, trade it for a glass of milk. I don’t know, it’s your decision. After this transaction, you have one cookie and I have zero. But what if I change my mind and want the cookie back? Can I claim the cookie still is  mine and I never gave it to you? Can I claim you took it from me?

No.

The reason for this is because me giving you the cookie was watched by hundreds of thousands of people, everyone saw me giving the cookie to you. In bitcoin transactions this is what makes it a stable system, everyone in the network verifies transactions and every transaction is recorded on what is called a ”public ledger”.

So when I send my 0.0103697 BTC (or 115 usd) it is recorded on the public ledger and everyone can see that this transaction happened. This massively reduces the risk of fraud and it is immensely difficult to change the ledger retroactively. 


More reasons why Bitcoin is exciting 
There is a limited amount of bitcoins. There will only ever be 21 million of them, making it a deflationary currency rather than an inflationary currency like all FIAT- money. The governments of the world just keep printing more money every year, making the money you currently own and are saving, less and less valuable. Since there will only ever be 21 million Bitcoin and the demand will only rise, the price will keep going up, making each bitcoin increase in value.

There is no way of creating more Bitcoin. At the rate we are mining bitcoin, we probably wont be around to witness the final bitcoin be mined. This is due to the fact that the cryptographic problems become exponentially more difficult the nearer the end we come, meaning that it will take more time and more computing power to solve for the last bitcoin. 

I should also add that Bitcoin is decentralized meaning that no one owns it. There is no person or organisation that owns Bitcoin. Just like the Internet, it is decentralized, maintained by the community and developed by its users. 


To make a long story long
Satoshi Nakamoto created a system which would forever change how we make transactions. Bitcoin has already been adopted by many which means you can actually purchase things with Bitcoin. And just like with FIAT currency, there are bad and good purchases with cryptocurrency. Back in 2010 an early adopter of Bitcoin purchased two pizzas for 10 000 BTC. In todays value, those Bitcoins are worth over 100 million usd. 

Cryptocurrency is a safe way to make transactions cheaper, quicker with a minimal risk of fraud. It is decentralized meaning that no one owns it. It has the potential to change the financial world as we know it since it essentially eliminates the need for banks. I’m excited to see what the future has in store for Bitcoin and other  cryptocurrencies.


I will see you all in a bit(coin)!

Läs hela inlägget »

Blockchain technology and the adoption of it has begun to revolutionize the way we send money and make payments. More and more people are learning the fantastic opportunities blockchain will enable in the financial world. But a smaller number of people know other industries where blockchain will have a giant impact in the future. We’ve compiled them below.


Voting


Every time there is an election in a country there is often speculation as to if the election was legal. It’s not rare that the losing party accuses the winning party of cheating with fake votes. With blockchain, this problem will be non-existent since all votes are recorded on the public ledger. No that does not mean everyone can see what you voted for. It does mean that everyone who can legally vote will get a private key which can only be used once and then it gets verified. This eliminates the speculation of rigged elections. For example, Lithuania is experimenting with blockchain-based elections already!


Supply chain management


This is a HUGE area where blockchain probably will have a big influence on the way supply chains are managed. Due to globalization, we can get our hands on goods from pretty much anywhere on the globe. This means long supply chains, expensive handling costs, and long waiting times. Implementing blockchain into the management of supply would dramatically lower costs and increase efficiency. Imagine you’re ordering a shirt from H&M. The garment probably starts out at a cotton farm. The genesis block would be the sale from the farmer to the logistics company, shipping the fabric to the textile factory. Then the next block would be added when the textile company turns it into a garment. Then that gets shipped to the sewing factory and then onto a boat or plane. Delivered to the customs, transported to the store and then you get it in your hands. Thats a LONG chain of supply. Each and every step could be traced with blockchain technology. Who handled what part of the chain? What took most time? Where are the unnecessary costs? Blockchain holds the answer. 


Banking


This is the industry where the blockchain-revolution started and has had the most impact and widespread recognition. Bitcoin creator Satoshi Nakamoto had the vision to change how we make transactions over the internet without the involvement of a third party (bank). Blockchain fully enables peer-to-peer transactions on the web by registering every transaction on the blockchain. When other members of the network have confirmed and verified that a transaction is legit, it then gets permanently added to the blockchain, and when enough people have verified it, everyone's ledger gets updated. This eliminates the need for a bank.


Charity


Every once in a while there is a huge story in the news about a big charity organization which has gone corrupt. Fishy deals in third world countries and high executives getting juicy bonuses has become one of the largest problems for charities. Their trust gets erased every couple of years, and then they have to start over. Just like with the supply chain, you can monitor EXACTLY what your generous contribution actually contributes to. By adding all information about the money you donated and how it's being handled, by whom, and where, the risk of fraud and corruption. 


Government


Governments around the world are known for a lot of bureaucracy and long handling times. Sometimes even corruption. The technology that blockchain enables means that processes in government will be a lot quicker and smoother. Blockchain will increase general safety, and most importantly, it will help create a transparent government. For example, Dubai is looking to implement blockchain in their government.

Boy are these exciting times we are living in! I am just humbled by the number of people who are starting to grasp the power of crypto. But for it to survive, we all need to contribute and support organizations that are leading the development and the further adoption of this wonderful thing called blockchain. Share this post to spread awareness. Share this post to contribute to a blockchain world! I don't know about you, but I can't wait to see what the future has in store for blockchain. What I do know is that I want to be a part of it.

Läs hela inlägget »