Last year I partnered with a company called E-Conomize to work with my local communities, helping them save money and earn money. It was a pretty easy choice for me; help people without having to work towards targets, no hard selling, no bullying, just help.
Just like Jerry Maguire said to Rod Tidwell Help me… help you. Help me, help you.
I wanted the chance to help people, and be rewarded for it. Yes, I get paid a small commission for helping people save and earn £100’s. That is something that many people find very uncomfortable saying. I do this to earn money and put food on the table.
Fast forward to now and I have helped so many people and now the company is taking things to a new level. This brings me to Assetereum. The newest opportunity to hit the market. I’m calling out to experienced cryptocurrency investors and people who are keen to get involved.
An Asset Backed Crypocurrency Business Opportunity
Who is it for?
- People in debt or financial difficulties
- People who are not yet on the property ladder
- Students & Young People
- People looking to retire
- People who want to secure their financial freedom
2 Types of Crypto Currencies
There are over 1400 different types of cryptocurrencies out there, and I am sure you could tell me about your favourite one, or indeed the ones that have made you money up to now.
Proof of work describes a system that requires a not-insignificant but feasible amount of effort to deter frivolous or malicious uses of computing power, such as sending spam emails or launching denial of service attacks. The concept was adapted to money by Hal Finney in 2004 through the idea of “reusable proof of work.” Following its introduction in 2009, bitcoin became the first widely adopted application of Finney’s idea (Finney was also the recipient of the first bitcoin transaction). Proof of work forms the basis of many other cryptocurrencies as well.
This explanation will focus on proof of work as it functions in the bitcoin network. Bitcoin is a digital currency that is underpinned by a kind of distributed ledger known as a “blockchain.” This ledger contains a record of all bitcoin transactions, arranged in sequential “blocks,” so that no user is allowed to spend any of their holdings twice. To prevent tampering, the ledger is public, or “distributed”; an altered version would quickly be rejected by other users.
The way that users detect tampering in practice is through hashes, long strings of numbers that serve as proof of work. Put a given set of data through a hash function (bitcoin uses SHA-256), and it will only ever generate one hash. Due to the “avalanche effect,” however, even a tiny change to any portion of the original data will result in a totally unrecognisable hash. Whatever the size of the original dataset, the hash generated by a given function will be the same length. The hash is a one-way function: it cannot be used to obtain the original data, only to check that the data that generated the hash matches the original data.
Generating just any hash for a set of bitcoin transactions would be trivial for a modern computer, so to turn the process into “work,” the bitcoin network sets a certain level of “difficulty.” This setting is adjusted so that a new block is “mined” – added to the blockchain by generating a valid hash – approximately every 10 minutes. Setting difficulty is accomplished by establishing a “target” for the hash: the lower the target, the smaller the set of valid hashes, and the harder it is to generate one. In practice, this means a hash that starts with a long string of zeros: the hash for block #429818, for example, is 000000000000000004dd3426129639082239e
That block contains 2,012 transactions involving just over 1,000 bitcoin, as well as the header of the previous block. If a user changed one transaction amount by 0.0001 bitcoin, the resultant hash would be unrecognizable, and the network would reject the fraud.
Since a given set of data can only generate one hash, how do miners make sure they generate a hash below the target? They alter the input by adding an integer, called a nonce (“number used once”). Once a valid hash is found, it is broadcast to the network, and the block is added to the blockchain.
Mining is a competitive process, but it is more of a lottery than a race. On average, someone will generate acceptable proof of work every ten minutes, but who it will be is anyone’s guess. Miners pool together to increase their chances of mining blocks, which generates transaction fees and, for a limited time, a reward of newly-created bitcoins.
Proof of work makes it extremely difficult to alter any aspect of the blockchain, since such an alteration would require re-mining all subsequent blocks. It also makes it difficult for a user or pool of users to monopolise the network’s computing power, since the machinery and power required to complete the hash functions are expensive.
Source – https://www.investopedia.com/terms/p/proof-work
Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.
The first cryptocurrency to adopt the PoS method was Peercoin. Nxt, Blackcoin, and ShadowCoin soon followed suit.
The proof of stake was created as an alternative to the proof of work (PoW), to tackle inherent issues in the latter. When a transaction is initiated, the transaction data is fitted into a block with a maximum capacity of 1 megabyte, and then duplicated across multiple computers or nodes on the network. The nodes are the administrative body of the blockchain and verify the legitimacy of the transactions in each block. To carry out the verification step, the nodes or miners would need to solve a computational puzzle, known as the proof of work problem. The first miner to decrypt each block transaction problem gets rewarded with coin. Once a block of transactions has been verified, it is added to the blockchain, a public, transparent ledger.
Mining requires a great deal of computing power to run different cryptographic calculations to unlock the computational challenges. The computing power translates into a high amount of electricity and power needed for the proof of work. In 2015, it was estimated that one Bitcoin transaction required the amount of electricity needed to power up 1.57 American households per day. To foot the electricity bill, miners would usually sell their awarded coins for fiat money, which would lead to a downward movement in the price of the cryptocurrency.
The proof of stake (PoS) seeks to address this issue by attributing mining power to the proportion of coins held by a miner. This way, instead of utilising energy to answer PoW puzzles, a PoS miner is limited to mining a percentage of transactions that is reflective of his or her ownership stake. For instance, a miner who owns 3% of the Bitcoin available can theoretically mine only 3% of the blocks.
Bitcoin uses a PoW system and as such is susceptible to a potential Tragedy of Commons. The Tragedy of Commons refers to a future point in time when there will be fewer bitcoin miners available due to little to no block reward from mining. The only fees that will be earned will come from transaction fees which will also diminish over time as users opt to pay lower fees for their transactions. With fewer miners than required mining for coins, the network becomes more vulnerable to a 51% attack. A 51% attack is when a miner or mining pool controls 51% of the computational power of the network and creates fraudulent blocks of transactions for himself, while invalidating the transactions of others in the network.
With a PoS, the attacker would need to obtain 51% of the cryptocurrency to carry out a 51% attack. The proof of stake avoids this ‘tragedy’ by making it disadvantageous for a miner with a 51% stake in a cryptocurrency to attack the network. Although it would be difficult and expensive to accumulate 51% of a reputable digital coin, a miner with 51% stake in the coin would not have it in his best interest to attack a network which he holds a majority share. If the value of the cryptocurrency falls, this means that the value of his holdings would also fall, and so the majority stake owner would be more incentivised to maintain a secure network.
In addition to Bitcoin, Litecoin (LTC) also uses the PoW method. Nxt (NXT) is an example of a cryptocoin that uses the PoS method. Some coins like Peercoin (PPC) use a mixed system where both methods are incorporated. As of May 2017, Ethereum (ETH) is in the process of completely switching from a PoW to a PoS system.
Source – https://www.investopedia.com/terms/p/proof-of-stake
Does PoW and PoS have any common ground?
Yes, the currencies behind they are all FIAT currencies. The are not backed by anything. They are all based and backed on supply and demand.
How is Assetereum different?
Assetereum is a SMART contract. This is different to Bitcoin and based in Ethereum. Ethereum is the number two crypocurrency in the world right now.
Assetereum is backed by 4 different types of assets.
- Coin Vault
- Mining & Trading
- Investment Property
- Online Shopping
The company will invest in multiple crypocurrencies, one of which will be Ethereum. Why Ethereum? This is a SMART contract and they are moving to proof of stake. More importantly they have had amazing growth over the last 12 months. Growing from $10 around this time last year to around $1200.
So show that a little clearer. If you had bought $50 worth last year and sold them this year you would be looking at $6000. Not a bad investment is it?
This is core of what Assetereum will be built upon.
Mining & Trading
We will use our expertise to mine the likes of Ethereum as this has an excellent return of investment which is also quick. Mining and Trading can require a lot of tangible use of energy therefore it would be sensible that we look at solar mining in Portugal and Cyprus. More about them in a moment.
We will also other profitable coins to maximise our value.
Crypto-Trading. Now for short term investors the volatility is a sort point and is just as big a gamble as horse racing. For long term investors however, this is becoming huge. Even Wall Street investors are trading in cryptocurrency as high volatility is making them fantastic returns.
Add the high volatility (which equals high profits), the whole operation will be run by bots 24/7 rather than traditional 9-5 Monday to Friday trading.
Because the market as entered into a buyers stake we will focus on luxury villas and apartments. Primarily in Portugal and Cyprus.
The rental incomes are very encouraging as people are still flocking to these countries for holidaying. It’s not the same “rich people” that use these properties for holidays. No doubt some still do as their holiday just became even more affordable, but because of how the market as developed people who have a comfortable income or living are now able to take up these kinds of holidays.
Oh yes, you as an owner of Assetereum can make use of these villas at a discounted rate.
We will look at commercial property also as the leasing terms are long and the rental incomes are very very good.
As you probably expected with investment property backing, we will look at the development of property and land banking.
E-Conomize will be re-branding to My Discount Shop. E-Conomize has grown from a 50p per share investment to as of today (01.03.2018) a £4.83 per share investment. With more and more companies, retailers and online stores coming on board. This is estimated to reach £25+ next year.
What is E-Conomize / My Discount Shop?
It is a platform driving by membership where members can save money on every day products and services in one simple convenient place with just a few clicks. There are over 200 places to shop for clothes, bikes, holidays, motor insurance, laptops, jewellery, home phone and broadband deals. You can even get deals on services for your business. Members are issued their own website to share with friends or family. They can take it to another level and approach business owners they know to check it out and see if they can save money.
It’s not hard sales, members don’t do the selling. They simply talk about the saving they have made and share their own links to help others. All of which will earn them a commission. That includes commission on their own purchases.
If that interest you sign up here – http://portal.e-conomize.net/Register/bathgatebairn84 and let me know so I can help kick start your journey.
Over the last year this has been focused on UK business and consumers. Development on the road map are International products, and Groupon-style business marketing.
Want to get in on this?
NB: Take a note of your login details
When you are done get in touch and I will help you with the first purchase of tokens.
Seed Investment stage will last for 14 days (01.03.2018 to 14.03.2018) at a price of $0.38 with an aim of selling 10% of our token supply.
Pre-ICO Offer stage will last for 14 days (15.03.2018 to 28.03.2018) at a price of $0.45 with an aim of selling 25% of our token supply.
ICO stage 1 will last for 14 days (29.03.2018 to 11.04.2018) at a price of $0.50 with an aim of selling 25% of our token supply.
ICO stage 2 will last for 14 days (12.04.2018 to 25.04.2018) at a price of $0.55 with an aim of selling 25% of our token supply.
ICO stage 2 will last for 14 days (26.04.2018 to 09.05.2018) at a price of $0.60 with an aim of selling 15% of our token supply.