Saturday, November 1, 2014

The Best Car Bluetooth FM Transmitter for $37.00

Every since I owned an iPod and then an iPhone, I wanted to listen to music in my car.  I've purchased 5 or more FM Transmitters in the past.  None of them worked, they were all pieces of junk.  So, I finally gave up on them.  During my quest for an alternative solution, I ended up purchasing a new USA SPEC iPod Interface.  

Recently, while on Amazon, I came across this new Bluetooth FM Transmitter.  My first thought was to dismiss it, based on my previous experience.  However, after reading the reviews and considering the price, I decided to order one.

The package arrived and I read the instructions which were really clear and straightforward. After plugging it into the cigarette lighter, I configured my phone and selected a radio frequency, and the device started working.

I was amazed at the quality of the sound. There was very little difference between the sound of this device and the direct link $120 USA SPEC iPod Interface, which required installation.

In summary, if you need a bluetooth kit for your car, look no further than the MPOW Streambot.  You will be glad you did.

MPOW Streambot


MPOW Streambot Y Wireless Bluetooth 
FM Transmitter Radio Adapter Car Kit 
with Hands-Free Calling and Music Control




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Wednesday, October 22, 2014

College Cryptocurrency Network and Folding Coin Proposal

I listened to the Epicenter Bitcoin podcast where students have formed the College Cryptocurrency Network (CNC).  Director of Student Outreach, Jacob Sears, and Creative Director, Dean Masley are leading this organization as they seek to educate and advocate the virtues of cryptocurrencies.   They are reaching hundred of college campuses across North America.  I think it world be great collaboration between CNC and FoldingCoin (FLDC).  The possibility of FLDC becoming the standard coin for this organization would be a great opportunity.

Epicenter Bitcoin - College Cryptocurrency Network Podcast
https://epicenterbitcoin.com/podcast/047/

To learn more about the College Cryptocurrency Network, check out their site.  http://collegecrypto.org/

Please support Epicenter Bitcoin.  They provide great content. 

FoldingCoin.net - They combine the incentive structure of a cryptocurrency coupled with research of protein folding to find cures for diseases.  If you have some old GPUs not being used, sign up and mine for a cure with FoldingCoin.

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I sold BitShares DNS based on the proposed merger

Today on the bitsharestalk forum I read about a proposal to combine several DACS into one.  I don't completely understand all of pros and cons of such a proposal, but I did read several members talking about selling the BitShares DNS notes because they were going to be greatly devalued.   I checked one of the exchanges and discovered the price had fallen over 40%.  

I decided to sell my DNS.  First, I had to transfer my funds from the KeyID client to the exchange.  Then I placed couple of sell orders and sold the DNS.  Afterwards, I bought BitShares BTSX with the funds from the previous trade.  

This was the first time I had performed a transfer from a BitShares X toolkit client (KeyID) directly to an exchange.  I took about 5 minutes for the funds to be posted to my exhange account balance.  The process was very straight forward.

I have been thinking about buying some BitUSD to hedge against a decline in BTSX.   Maybe I will one day, but with the rise in BTSX caused by the decrease in DNS, I guess I can wait a little longer.

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Friday, October 10, 2014

Join Amazon's Prime Service Today!

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Let's Talk Bitcoin -The Best Bitcoin Show!

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Saturday, July 26, 2014

The Evolution of ProtoShares

On October 5, 2013, at the Cryptocurrency Conference, Daniel Larimer, the founder of Invictus Innovations gave a presentation on Decentralized Autonomous Companies (DAC). One idea that he presented was the creation of ProtoShares (PTS). PTS is a mineable cryptocurrency used to raise funds for the development of a suite of DACs sponsored by Invictus Innovations.

ProtoShares was initially mineable only with CPUs and eventually with GPUs. They were not pre-mined and quickly rose in value to over $9.00 USD with a market capitalization that exceeded $30 million within 45 days of launching. Quite impressive.  

However, there was one huge problem.  In order to mine PTS, miners spent an enormous amount of money on hardware, software, and cloud services. Proof-of-work diverted funds away from the DAC ecosystem, and Invictus Innovations set out to devise more productive means of raising capital. Mastercoin, a Bitcoin 2.0 protocol, raised funds via a donation crowd sale in August 2013.  This eliminated the need for mining while maximizing fundraising efficiency.  I believe this served as a pivotal example encouraging the company to adopt a similar model.  

Invictus Innovations introduced new features to this crowd sale donation concept.  They created a second asset called AngelShares (AGS) that allowed individuals to fund future DACs while receiving a stake. This idea is now commonly referred to as crypto equity. The model attracted individuals from the crypto currency community with a long term vision for the DAC ecosystem.  New DAC developers gained initial community support if they would honor a social consensus contract. This contract stated that new DAC developers set aside a minimum 20% stake in their DAC. This stake which would be split equally between AGS and PTS holders in exchange for community support, testing, and promotion of the new DAC.  Additionally, the developer would gain access to Invictus Innovation's technology toolkit and support.

The AGS donation period starting Jan 1, 2014 and ended July 19, 2014.  During this time, one could donate Bitcoin (BTC) or PTS and receive a percentage of 5000 AGS distributed daily.  The campaign proved to be successful in raising donations.

On Feb 28, 2014, Invictus Innovations took a snapshot of PTS and AGS, granting the holders an allotment in BitShares X when released. AGS donations after Feb 28, 2014 did not earn any stake in BitShares X or its derivative DACs.  However, post snapshot donations were rewarded with stake in future DACs (excluding BitShares X) including several projects in development:

Domain Names
A secure alternative to today's domain name system that aims to eliminate domain name squatting while providing security against government seizures and man-in-the-middle attacks.

Voting
Transparent yet anonymous elections and polling.

Charity
Finding ways to help others with the technology of decentralized autonomous charities.

Gaming
Honest and transparent gaming.

Insurance
Get 'insurance' through a Mutual Aid Society with minimal overhead using decentralized autonomous insurance policies.

Lending
Lending is one of the more difficult systems to decentralize because trust and creditworthiness play central roles, which typically require individual judgment and accountability.

Music
With the latest technologies that enable transparent decentralized ledgers, artists could sell shares of their songs rather than copies of their songs.

Invictus Innovations renamed ProtoShares to BitShares PTS and AngelShares to BitShares AGS. On July 19, 2014, BitShares X (BTSX), a decentralized bank and exchange was released. AngelShares holders can claim their shares in this asset.

Hopefully, this article helped clarify the evolution of ProtoShares. More information about BitShares is available here.


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