Carp diem (Sieze the day) OR caveat emptor (Buyer Beware)
Do You know your Ying from your Yang 
Is your glass half full or half empty?
 Every now and then you are presented with a “Too good to be true “ opportunity which, despite the odd red flag going off in your head, still has some redeming features about it. Crypto-Builder’s “The Power Circle” is a case in point. One of those points is that the investment level is a mere $US20  (approx $NZ30, 17.80 Euro, 15.40 GBP etc). Mind you that $US20 has to be paid in Bitcoin which at this present time 1 BTC is worth $5280 so you will need to purchase around 0.0038 BTC or 380,000 Satoshi. [for those of you unfamiliar with cryptocurrencies 1 Satoshi is equal to 1x 10-8  which extremely small or 3/5 of 5/8th of FA!!
The test will be whether you are prepared to go throught steps of creating a Wallet Account on Coinbase (https://www.coinbase.com/signup). In some parts of the world you will be able to fund your new Coinbase account directly using a debit card account. For others, such as myself in NZ, you will need a couple more intermediate steps. 
 Once your Coinbase account is funded the you can following this link 
https://crypto-builder.com/ref/b46d84df1d/register to register and get started. 
A POINT TO NOTE: Is you are new to crypto currencies then take great care to ensure you copy the correct BTC addresses for Receiving and Sending as once sent to the wrong address they cannot be retrieved.
So … are you ready to give it a go? Remember your not about to lose the shirt off your back (or have to ditch your bra) and you might just make MUCH MUCH MORE than that $20 investment.


The Ripple Effect

I, like probably many others, thought that Ripple was just another crypto currency doing battle for supremacy or survival with the other 2000 other crypto currencies and was ignorant of the differences. Having read a couple of interesting articles recently I decide to understand the difference between Ripple and other currencies such as Bitcoin.

Ripple was released in 2012 by cofounders Chris Larsen and Jed McCaleb and was primarily aimed at improving the efficiency of interbank transaction.  Thus Ripple is better known for its digital payment protocol than its cryptocurrency, XRP.  It is actually a subsequent release of the  earlier Ripplepay and can be described as a real time gross settlement system (RTGS) , currency exchange and remittance network.  Ripple uses an iterative consensus ledger and validating servers network along with XRP cryptocurrency tokens.

Bernard Marr provides a good summary in his recent Fordes articlehttp://bit.ly/2Em8rCnwhich compares Ripple to Bitcoin. In this article . He states “While Bitcoin is a digital currency intended as a means of payment for goods and services, Ripple is a payment settling, currency exchange and remittance system intended for banks and payment networks. The idea is to provide a system for direct transfer of assets (e.g. money, gold, etc.) that settles in almost real-time, and is a cheaper, more transparent and secure alternative to transfer systems used by banks today, such as the SWIFT payment system.

Bitcoin is based on blockchain technology, while Ripple doesn’t use blockchain but uses a distributed consensus ledger using a network of validating servers and crypto tokens called XRP (sometimes referred to as Ripples).”

The Ripple network is managed by a range of independent servers comparing their transaction records constantly. A new ledger of Ripple is created each second. Ripple operates on an open source and peer-to-peer decentralized platformthat allows for a seamless transfer of money in any form(or indeed commodities such as gold or oil) , whether USD, Yen, litecoin, or bitcoin. XRP are traded on cryptocurrency exchanges such as Binance and Poloniex. Usually, it isn’t possible to buy them with existing government-issued (fiat) currencies – you will have to buy Bitcoin or Ethereum first, then transfer them to an exchange to trade them for XRP. By first converting the value of the transfer into XRP, rather than USD, exchange fees are eliminated and processing of payments is reduced to seconds.

A recent article in Cointelegraph.com also compared Ripple  to Bitcoin (http://bit.ly/2G7gNPT) and compared the transactional speeds “Bitcoin transaction confirmations take 10 minutes on average, while XRP transaction confirmations take 5 seconds.” There is also a vast difference in the transactional costs and these were given as BTC : $USD 40,  Ripple: $USD 0.004. The Cointelegraph article provides a table comparing Bitcoin to XRP. Note the transation speed and the energy consumption. The Ripple network is managed by a range of independent servers comparing their transaction records constantly. A new ledger of Ripple is created each second.

Bitcoin vs Ripple

OwnershipPublicityPrivate company
Transaction speedAppr. 1 hour (depending on the fee)3-5 seconds
Transaction cost$40$0.004
Number of transactions/secondAppr .101.500
Energy cost/transactionAppr. 250 kWHMinor
InflationCoin supply raising to 21 mln cap by 2140Almost deflationary (a very small amount of XRP can be destroyed in each transaction)
Coin supply21 mln100 bln

One other major difference is that with Bitcoin new coins are created (there are limits) as rewards for “miners” offering computing power (# hashing) to maintain the blockchain network. Ripple is not designed to be mined at all. That’s why these two currencies are very different from each other. Bitcoin is not pre-mined at all, and the maximum supply is just 21 mln.

Ripple was created with 100 Billion coins at inception and just 38 bln are available in the market, the rest are in Ripple labs and can be periodically released.

An addition feature was added recently whereby, through a smart contract system (escrow) the company releases 1 billion coins of its XRP holding to themselves each month to help fund business operations, incentivize customers, and sell to accredited investors. Any unused tokens will be placed back into escrow.

Like any other cryptocurrency Ripple is not without risk and the fact that it is controlled by a single entity (ie centralised ) is contary to the decentralised philosphy set out by the Satoshi Nakamoto, the creator of Bitcoin. However, some say that Bitcoin is a solution looking for a problem whereas Ripple is a solution created to solve a tractional problem.  Ripple improves on some of the drawbacks attributed to traditional banks. Transactions are settled within seconds on the Ripple network even though the platform handles millions of transactions frequently. 

Bitcoinmagazine’s article on Ripple http://bit.ly/2ProZtOnotes that

Ripple’s hub-and-spoke design positions XRP in the middle as a tool that is fungible with any currency or digital asset, such as frequent flyer miles.  Therefore, the value of Ripple is the Ripple network itself and its ability to move assets around the world, rather than in the XRP token . Ripple has come into a lot of criticism from Bitcoin and other blockchain enthusiasts in regards toRipple’s centralized control is in direct contrast to the ideals and advantages of decentralized blockchains like Bitcoin. The Bitcoinmagazine’s article pointing out that Ripple also maintains a trusted Unique Node List (UNL) that is meant to protect against potentially malicious or insecure validating servers.

An article in the Investoppedia website (http://bit.ly/2RNOkQw)

 Was of the opinion that since Ripple has no no central authority that decides who can set up a node and confirm transactions, the Ripple platform is described as decentralized.

This view is clearly incorrect as it is the UNL that controls the network rules, presenting a conundrum: On the one hand, it protects against problematic validators, but, in theory, a regulating body or government could come in and force a change that isn’t necessarily desirable or is downright invasive. Furthermore, because of a FinCEN violation and fine in 2013, Ripple has updated its policies and will only recognize and recommend gateways that are in compliance with financial regulations.

The current performance figures for Ripple can be found at 


Where Will Bitcoin, Ethereum, Ripple, And Other Cryptocurrencies Be Twenty Years From Now?

While its almost impossible to predict the future, particularly with an evolving subject such as crypto currencies, this article by Panos Mourdoukoutas attempts to do just that and whilst he thinks that the current patch of crypto coins (Bitcoin, Ethereum and Ripple etc) may we have dissapeared he seems confident that blockchain technology is here to stay. I certainly feel that blockchain technology has too much to offer to so may industries for so many reason that ot is here to stay and will continue to evelve into a much strong platform Panos thoughts are worth a read. 

“Unfortunately, almost anything connected with the future of bitcoin is speculative right now,” says Jason Labrum, founder and president of Labrum Wealth Management. “When you look at the sophistication level of the average person buying bitcoin, it’s scary. They just see an asset that at times has gone up a whole lot in value, so you get a herd mentality of people wanting to jump on the bandwagon.”


5 False Crypto Criticisms (that need to die now)

There are still many sceptics when it comes to the future of crypto currencies . This articles written by  Luciano Pesci addresses the 5 false crypto criticisms commonly spread about crypto currencies. According to Luciano , “Only a tiny portion of this criticism is coming from informed observers, while the overwhelming majority is propagated by people with almost no functional understanding of cryptocurrency, blockchain, or their interconnected ecosystem.” 

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The article is well worth the time  taken to read 

Hello Elepreneurs

Look in Front of You — Not Behind — to Design the Life You Truly Want

The biggest difference between those who live life on their terms and those who pine for the life they want is a willingness to put the past behind and focus on the present and future. We have no control over the past. We do have control and influence over how we act today and what we do to carve out future plans. Intensive, deep thinking and action form the foundation for personal growth.

My three-year old son is one of the most perceptive people I’ve ever met. He’s brilliant, focused and thoughtful. And yet when we walk around, I sometimes have to make sure he doesn’t walk into a wall or pole. His immersion in thought and reflection on what he’s already seen sometimes leads to him turning back and staring at what’s already come, without looking in front of him.

That’s what leads to the trips, falls and bumps on the head! Ouch!

As his parent, I serve as his “tour guide” to ensure he escapes without bodily harm. He’s infatuated with all the stimuli and amazing things going on in this big, bold world around him. He’s using these experiences to fuel his imagination. He has to grow. He has to try and make sense of things he’s already seen and done. And that’s perfectly fine. But he also has to maintain presence and concern for the moment and future.

I use this analogy as a microcosm for what I feel every one of us faces on our quest for personal growth each day. The hungry and hardworking of us mostly know what will help us and lead us to achieving our goals. We’re instinctively drawn to what’s right and beneficial.

It’s what’s wrong and unhelpful that bogs us down, serving as the “turnovers” or mistakes that wipe out the positive advancements we make. When we dwell on the past and continue to reflect on what’s in our rearview mirror, we stop living in the present and we use less of our creative imagination on designing our future plans.

Intense focus and absorption on the moment leads us to a bolder thinking around future planning. In fact, the more we plan for deep-thinking moment-by-moment, the more we pave the path for our future of continuous progression toward our goals. Take this concept of flow from psychologist Mihaly Csikszentmihalyi, which illuminates the need for building for our next step.

“To set the stage for flow, goals need to be clearly defined so that you always know your next step. ‘It could be playing the next bar in a scroll of music, or finding the next foothold if you’re a rock climber, or turning the page if you’re reading a good novel. At the same time, you’re kind of anticipating.’”

To Read more from

Go to the profile of Christopher D. Connors

REF: https://medium.com/personal-growth/look-in-front-of-you-not-behind-to-design-the-life-you-truly-want-21d564e56e34