Bitcoin and Cryptocurrency Foums


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Topics - Babyfacemagee

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Today I want to introduce both a game and a new company behind the game that is utilizing the blockchain, the technology behind Bitcoin and other cryptocurrencies to remake the gaming experience.

Next Level Token is a Detroit based video game developer that has several games under development.   The first, Diplomatic Deathmatch, has a Beta available in the Google Play Store which you can check out now.  Other games in development include a cool multiplayer futuristic tank game called VR Tactics as well as a 2D battle fighter game that will feature various rap icons duking it out. Hip-hop lyricist Ty Law has signed on to help create and market the game.


Next Level Token's 2nd game, VR Tactics is coming soon and features
turn based strategy and gorgeous 3d renders from the team at Wolf VR.

Now there are lots of companies out there making games but what makes Next Level Token different and innovative is that they are using the blockchain in order to provide a token, a form of currency that is called the NLT Token that is used to play the game and also that players are rewarded with by playing and achieving certain levels and scores in the game.  These tokens can be cashed in for real money via an exchange so you’re being rewarded…and incentivized to play Next Level Token’s games.

Right now the company is concentrating on making fun, easy to learn but action packed games that can be played as instant time fillers while standing in line, sitting on a bus or waiting for an apt.  Later on they plan on making more extensive story based games.

The game I’ve played so far, Diplomatic Deathmatch, is a fun fighting game using famous political characters such as Donald Trump and Hillary Clinton.   The game has hilarious animation and cool little touches like the setting being in the White House Oval Office and pictures of Obama and Lincoln on the walls.  Updates to the game soon planned include new artwork featuring Vladimir Putin, Kim Jung Un and other political figures as well as updated versions of Hillary and the Donald.  It’s definitely a fun game to play and the visuals keep you endlessly amused. 





There is a bigger picture plan to Next Level Token though.  Once they have their game and NLT token system up and running they plan on using the tokens and ecosystem they’ve created as a way to lure other indy developers to develop their games to also function on their token network.  This way when you purchase  and win NLT tokens you’ll have a constant stream of new games to play and hopefully win still MORE tokens.   Game developers will also have an incentivized audience that want to play their games.  The entire idea is a great introduction to the cryptocurrency market and while nobody should expect to get rich playing video games it sure makes sense that if you’re going to be playing a game anyway, you might as well be rewarded for your time and effort.  If it means winning a few tokens worth a free cup of coffee while waiting on line…then why not.

For those that have further interest in Next Level Token and their games or if you want to participate in their token sale I’ve provided some links to the company’s website as well as the Beta for Diplomatic Deathmatch on the Play Store below.  The company has been holding an ICO (Initial Coin Offering) which lets you buy tokens early at a huge discount and it’s also a great way of supporting the company and helping fund their games development.   Check them out and make sure you keep an eye out for their new games as they are introduced.  We think it’s a cool idea and are pulling for them to be successful.






2
One of the areas where a decentralized crypto company would make sense is to tackle the problem of medical records management and access.   Right now there are over 26 different kinds of medical records management software that is used by various private medical practices, hospitals, clinics, medicare etc. 

So for instance...If you're in California and have an accident that requires your local doctor or hospital to access your records from your home state, say in New Jersey, it's a slow and monotonous process of having your NJ based doctor pulling records and having to manually fax them to wherever you're at.   What happens if their office is closed or the doctor can't be reached? 

Same thing goes with dental records.  How many times has someone moved to a different state and had to have another set of xrays of their teeth taken that they just had taken a few weeks before at a different office...or even just across town.   Having easy access to medical records of all kinds would lessen repeated procedures unnecessarily saving cost, time and unnecessary exposure to xrays etc.  Same goes with MRIs and other types of procedures let alone the medical history of an individual patient which needs to be known by a treating doctor in another location.

The only company I know right now trying to tackle this is a company called Patientory.  But some research in the company makes it seem like they don't have all their ducks in a row.   Graduates of MIT have worked on a system called MEDREC and have published a paper about it showing one way of going about the medical records storage and access problem but it has gotten criticized as possibly being too easy for hackers to access patient's records unauthorized.   Here is a link to an article about MIT's work:  https://www.technologyreview.com/s/608821/who-will-build-the-health-care-blockchain/

There have been endless articles discussing the dire need for a decentralized medical records management and access system.  As a multi-billion dollar industry you would think someone would step up to the plate.  So far with all the talk and dreams however it seems few with the right credentials and funding have taken on the task.  So who will?

3

The last few days have seen the price of Bitcoin and most other cryptocurrencies drop as a result of numerous events that have put FUD (Fear, Uncertainty and Doubt) all over the crypto world like a giant storm cloud.  Many new crypto investors that have put some of their hard earned money into various crypto currencies over the past several months are probably wondering if they've made a mistake.  With double digit corrections over the past couple of weeks and all the rumors coming out of China of banned exchanges, ICOs, Jamie Dimon's announcement that Bitcoin is a 'fraud' etc...who could blame them?

Well Charlie Biello at Pension Partners put together several charts that are worth looking at for all those ready to declare Bitcoin dead and the crypto world a failed experiment.  In the above chart you can see that we've seen these wild swings before.  Using an investment of $10,000 in July of 2010 as a starting point the above chart shows us how volatile Bitcoin has been and how that $10,000 had grown to be worth over $3,000,000 in late 2010 only to drop to barely over $200,000 a few months later in early 2011.  You see these kinds of swings repeatedly and the second chart below breaks down some of the most noteworthy crashes of Bitcoin...only to see it rise again to ever greater heights.   

As most of you that follow the crypto market know, where Bitcoin goes...other coins tend to follow and so the question of course becomes...is this just the latest Bitcoin crash to be followed by another record high?  Nobody knows of course and your guess is as good as anyone else's.   But if past history has taught us anything it's that often times in the crypto world just like in the traditional stock market Warren Buffet's timeless quote "Be fearful when others are greedy and greedy when others are fearful" just might apply. 


Pension Partners

4
Interesting new coin I just came across called Electroneum.  Has its' ICO starting next week.  It's targeted to the mobile and 'entry level crypto' user.  One cool feature of it is the ability to mine right on your phone and deposit mined and bought coins on a wallet you keep on your phone.  Definitely worth checking out.

   

5
Verge (XVG) Forum / Verge to be listed on HitBTC
« on: September 05, 2017, 03:06:33 PM »
After a several days long twitter voter competition staged by HitBTC, it looks like Verge Currency has beaten out competitors such as Digibyte, BitcoinPlusXBC and Soarcoin.  You can see the final results of the poll here:  https://twitter.com/hitbtc/status/903223626887032832

There's also talk of Verge possibly being added to Binance. 

The Verge coin is up from a low of .0000027 satoshi to a high of 00000178 satoshi today. 

6
ICOs (Initial Coin Offerings) / China ICO Ban
« on: September 05, 2017, 03:02:18 PM »
What are everyone's thoughts on the recently announced ICO ban in China?  What effects will this have on the crypto market in general short and long term.  Do you think it is a permanent ban or just temporary allowing for regulation to be put in place to stop scams?  Would love to hear everyone's thoughts.

7
What percentage of your investment portfolio is in cryptocurrency?  Tell us how much and what your reasoning is to arrive at that figure.  With cryptos being known as highly volatile is a large % wise? 

8
EOS (EOS) Forum / Latest on EOS
« on: August 28, 2017, 12:48:22 PM »
What's the latest on EOS?  Seems it is taking the slow and steady approach.  Their ICO is like a year long or something and I know they are building out an advanced blockchain platform that they hope will be better than Ethereum in the long run...but is it too late to compete?  Is Ethereum too entrenched?  Are ICOs already committing to the EOS platform or do they have to wait for the entire year development process/ICO to finish?

9
Lisk (LSK) Forum / LSK Rebranding
« on: August 28, 2017, 12:45:45 PM »
Just picked up some Lisk (LSK).  Heard there's some developments coming up that should move the price up.  I know they're doing some kind of rebranding of the platform similar to what NEO did.  Anyone know some of the details of what changes they are making to the technology to make the name change more than just superficial?  How much could this go to and what are the advantages/disadvantages of LSK vs. say Stratis, NEO and Ethereum?

10
Cryptocurrency Mining / Possible to Mine profitably?
« on: August 28, 2017, 12:43:41 PM »
With so many new people getting into the crypto world it seems mining for profit is getting harder and harder.  Is it still possible to mine any of the major cryptocurrencies profitably for a single computer setup or is it all moving to the big mining farms at this point?  What about mining some of the lesser known coins?  Is there money in it?

11
Hi everyone,  I want to encourage all our new members to introduce yourselves to the community.  Please tell us a bit about yourself including where you're from and your experience in cryptocurrencies such as what your favorite coins are, what your goals are, if you do any development or are involved in any crypto companies or related fields or anything else you'd like to share.    I'll start.

I'm Rob, I'm the administrator of the forum and hold about ten different coins at the moment including most of the major names such as Bitcoin and Ethereum.   Just bought a bunch of NEO hoping it rockets when ICOs on its network start to be introduced.   I'm also involved with some friends working on our own potential blockchain project.  Looking forward to getting to know everyone in the forum.

12
OmiseGo (OMG) Forum / OMG Dividend?
« on: August 28, 2017, 12:37:36 PM »
I thought that OMG pays some kind of dividend...is this true?  How does it work? 

13
Site News, Questions and Recommendations / Moderators Wanted!
« on: August 28, 2017, 12:27:26 AM »
Are you a cryptocurrency enthusiast?  Do you enjoy helping people and sharing your knowledge?  We're looking for a few moderators to join the site and help us answer questions as they come in as well as start up discussions on various cryptocurrency topics.  In return you'll get some 'super powers' on the site and help us grow.  If you think you're up for it leave a message here or email the admin.

14
This board is for communication with the administrator and moderators of the site.  Got a suggestion for a board or feature to make the site better?  Let us know!   Have any questions about the site, how to use it, how to advertise on it etc?  Please ask!

15
(Hint, it's much more than just digital money)

Up until a few months ago, like a lot of people I'd heard of 'Bitcoin' and 'cryptocurrency' but frankly while it seemed mildly interesting, I didn't feel any overwhelming urge to figure out how to get some or use it.  It sounded like a less secure, new fangled, roundabout way of paying for things 'electronically' and since so few places accept them for payment vs. the dollar...I didn't see the point. Why bother, right?

Wrong. Boy was I wrong. Because what I didn't understand...and most of you reading this probably don't either...is that many of these new 'cryptocurrencies' that we see in the news are not 'currencies' at all...they are actually a new technology utilizing a structure called the blockchain that are creating the next version of the internet, an internet 3.0 right now...and the vast majority of people have no idea this is going on.  How is that you ask?  Because many of these digital 'coins' are actually more like programming languages that let you build decentralized applications.  What the heck is that you ask?  Let me explain.

Let's say you want to buy a product off of Ebay, or Amazon like a pair of shoes.  Or perhaps you want to rent a room for a weekend through Airbnb, or get a car ride to the airport through Uber.  All of these businesses utilize a middleman that you have to pay a fee to for their service.  Think about it. You buy something from Ebay or Amazon and they take their little cut out of the seller's gross.  You book a room through airbnb or a car from uber and again...they take a little cut out of the seller's piece or charge a fee to the buyer...either way there's a middleman.

But what if you could get rid of the middle man?  What if there was some kind of company that did each of these things...sold goods..rented homes...drove you around....and there was no middle man?   What if transactions were peer to peer...you to the seller direct...without the middle man's fee?  Well that is exactly what the blockchain allows programmers to do.  Create decentralized applications, businesses, markets, etc.  It does this by utilizing the blockchain as a way of keeping everyone honest.  How?  Well, this video does a nice job of explaining it. 

[embed=640,360]<iframe width="640" height="360" src="https://www.youtube.com/embed/6WG7D47tGb0" frameborder="0" allowfullscreen></iframe>[/embed]

But the important thing to realize is that what we are looking at here is basically the dawn of a brand new internet.  Just like in 1992-94 nobody could have predicted that Amazon or Uber or Facebook or Google could become the behemoths we see today.  Twenty years from now people are going to look back and say the same thing about decentralized, blockchain based companies that will be just as big...or bigger.

It's very likely we'll have decentralized search engines without advertising, we'll have decentralized selling with brand new 'amazons' or 'ebays'. We'll have decentralized banking without the bank taking fees and we'll have virtually every kind of business you can imagine from insurance to education to manufacturing to distribution and it will be done through decentralized applications and companies that basically 'live' on the internet and don't require a middle man taking a fee.

Once you understand this concept the next thing to understand is that the cryptocurrencies that we see today...and the new ones being introduced...are all representative of different kinds of decentralized  businesses and these digital 'coins' are being used to fund the development of these businesses. Now there are some like Bitcoin and Litecoin that are still just digital money.   But others like Ethereum, Golem, Stratis, EOS, Factom and others each represent a new type of decentralized company or platform that are part of this new internet 3.0.  And in order to use any of these companies or platforms you'll have to know how to use these new 'digital currencies'.

Some of these new kinds of decentralized companies are already in operation.  For instance http://steemit.com is a hybrid of reddit and facebook where you use Steem coins as a way of rewarding content.  Instead of Zuckerberg and staff at FB choosing what to show you...it's more democratic and the use of Steem coin rewards content makers.

So how do I begin getting into this world?  What's the first baby step I can take? Open a Coinbase account.   

Coinbase is the oldest and most reliable and safe of the online wallets to start buying your first digital 'coins' with.  You can buy a bit of Bitcoin or Ethereum or Litecoin...the three coins they currently support...and begin to learn how to use them.   For example, you can purchase some 'Steem' at Steemit.com by opening an account there and sending some Bitcoin to yourself from Coinbase to Steemit.  Then you'll convert that Bitcoin to Steem to use.

As you become more comfortable with these currencies you might want to open a trading account on a site like Poloniex...which just like a stockmarket trading site allows you to buy, sell or just watch all kinds of digital coins and see their values fluctuate just like a stock.

But frankly the very first step you should take, just so you can get started and start to explore is to open a Coinbase account.

Right now Coinbase has a promotion where they're offering $10 in free Bitcoin to you if you open an account with just $100, which is exactly what I did to start.  Then you can start playing with it.  One of the first things I did was transfer half of my Bitcoin into Ethereum right within my Coinbase account so in mere minutes I was now both a Bitcoin and Ethereum owner and I could build from there.

Want to learn even more and become a cryptocurrency expert?  Start reading sites like Cointelegraph.com and Coindesk.com and TheMerkle.com to learn more about all these new currencies and what they do. 

Look, I know it seems intimidating at first.  But trust me, this is not just the future of money, it's the future of the internet being built right in front of our eyes.  This is an amazing opportunity.  Don't miss out like you did the last time.  Just think how many times you've told yourself 'if i had just invested in Facebook or Netflix or Amazon back in 199x...well this is your next chance...because the next version of the internet...the decentralized internet is happening right now, today.  Open your Coinbase account and take your first step into that world today.  You'll thank me later.



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