Radical or Revolution? A New Wave of Digital Currency

November 4, 2015 by  
Filed under Featured Articles, Front Page


Summary: One question many ask about digital currency is if it’s legitimate. Most have already heard of Bitcoin, the first frontrunner in a new revolution of online currency. Yes, it stirred a rather large pot amongst the elite and governments; however, it started a chain reaction that in effect is still changing the way we spend money online today. It also started a brand new trend in MLM (Multi Level Marketing) circles, with many gaining traction then simply vanishing. So, when all is said and done, we must now ask if there is indeed a future for digital currency.

Is Bitcoin Dead?
For those not quite in the know about digital currency, here is the 411:
The technical definition says:
“Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.”

In more laymen terms, digital currency is a form of money only spent online. It’s something you’ll never hold in your hand or exchange in any brick and mortar store front.

One thing is also very certain with digital currency, it started a revolution like no other, and the future is anyone’s guess. As for Bitcoin, this was the first digital currency really put to the test, and the back story is even a bit amusing.

The Legend
In 2007, a person named Satoshi Nakamoto, developed an algorithm that would forever change the online world and how we make a purchase. Except, no one really knows who or where Satoshi Nakamoto is. More than likely, this isn’t even a real name. The name itself even has a direct translation:
“Satoshi” means “clear thinking, quick witted; wise”. “Naka” can mean “medium, inside, or relationship”. “Moto” can mean “origin”, or “foundation”

While we may not know who he (or she) was, we know what he did. He was the inventor of the bitcoin protocol, publishing a paper via the Cryptography Mailing List in November 2008.

He then released the first version of the bitcoin software client in 2009, and participated with others on the project via mailing lists, until he finally began to fade from the community toward the end of 2010.

He worked with people on the open-source team, but took care never to reveal anything personal about himself, and the last anyone heard from him was in the spring of 2011, when he said that he had “moved on to other things”.

So you see, the legend is very real, and it’s a mystery that may never be solved.

But, what really was the impact of Nakamoto’s digital currency?

The Digital Currency Revolution Begins
Bitcoin today is under attack. Many critics are claiming that Bitcoin might in fact be dying a slow death. While others of course consider bitcoin a work in progress. But one thing Bitcoin did accomplish was a revolutionary idea, and since its launch over 6 years ago, many new digital currencies have hit the market. It spawned something like no other online, and the revolution only continues.

We have to look at digital currency from a specific perspective, like any young technology, digital currencies everywhere are a work in progress, and we simply can’t deny the fact that some forms of digital currency is ground-breaking. The core software program involved with the algo is constantly being improved, it is an open-source and copyright-free coin, and accessible to anyone.

The Wave of MLM
MLM shouldn’t be a bad word, after all many success stories have indeed risen from MLMs. Avon, Herbalife, Tupperware – these and many more are all successful MLMs as you well know. Today however, many MLMs are taking advantage of digital currency and with good reason. It’s a form of winning and winning big. Of course many have fizzled out and very quickly, but others like Crypto888 for example are taking the world by storm. Crypto888 is a young MLM dealing in digital currency and sports arbitrage. Every day, over 2000 members are signed on.

And the list continues on for digital currencies gaining traction. Bitcoin is the one that kicked it all off, and by the looks of things, it looks like it won’t be slowing down anytime soon. Therefore, we think it’s safe to say that the revolution continues, and a new dawn of digital currency is waiting.

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