Facebook Unplugged?

The Story.

We must have heard that eBay, Mastercard, PayPal, Stripe and Visa pulled the plug on Facebook’s Libra Project. Bookings Holdings Inc. is the latest to the plug.

How could this happen? Seriously why did they back Mark Zuckerberg and the Libra project in the first place just to pull out and all of this before he testifies on the 23rd before Congress?

The initial consortium of companies that were listed were 28 names. What is going on? It’s becoming apparent that there is somebody with an upper hand and trying to pull the plug on the project. Since the announcement of the project, it seemed that they want to stop Mark Zuckerberg in his tracks.

The Unanswered Questions.

Are people afraid of technology and afraid that that fiat money is going to lose its popularity? If you have an android phone everybody can trade with anybody and the payment is immediate. The fact is that anybody from anywhere is now empowered. You can use a device to send, receive and store digital currencies. This seems to be the problem.

Mark Zuckerberg and Pavel Durov’s dreams were bigger than the USA or any other country. Despite the negative publicity, I don’t think there is a stop in the idea. You can cage an idea only for so long, but when it gets out is there really a stop to it?

Does only the future know what we are guessing about if the plug can be pulled from the socket? Do these guys have the persistence to carry on until they succeed remains to be seen?

Regulation and the other red tape does not seem to be the issue, I think it’s about too much power. In conclusion, is it possible that two letters from Democrat Senators motivated them to pull the plug completely after that they knew there is heat in the kitchen?

Battle Expands in Crypto Space.

Background.

Facebook and Mark Zuckerberg are not the only ones with challenges to enter Crypto Space.

When Telegram announced in June that they are going ahead with their ICO (initial coin offering) you could have a guess that it is not going to get just a warm welcome.

ERC-20 tokens of 2017 kicked-off and the IOS’s just popped up everywhere and it was fine. Seriously not much at a big deal. When east and west meet it seems it’s always heading for a battle.  People are wondering if it’s really a  Telegram ICO due to the involvement of Liquid Exchange and Gram Asia.

Why are people trying to halt the east?  Pavel Durov presently residing at Saint Kits and Nevis. He is a Russian entrepreneur and founder of Telegram Messenger. Just by reading it, I hope you got the feeling.  It seems like another black sheep just because of his origin.  Needless to say, it seems he is in for a battle.

Reports.

Okay, we either know we assume things? Due to the US stance on cryptocurrencies, we could have certainly it doom for battle.  It has been reported that according to the US Securities and Exchange Commission they filed an emergency restraining order against the Initial Coin Offering (ICO) of Telegram.

It has also been reported that Liquid Exchange is listing the tokens held by Gram Asia. Ton is Telegrams Open Network blockchain and it’s decentralized bragging with awesome transaction speed.

Opinions.

I believe the history or manner of how governments handled fiat money is the main motivational factor for cryptos to exist today. Technology that can prevent wars and inflation is now the enemy.

I have no problem with the regulation of these currencies but do not take the opportunity to be my own banker away from me. What can beat inflation is seen as a threat and what can stop the wars that inflation promoted.

 

 

Accusations or Manipulating Cryptocurrency Markets?

Introduction.

First of all, Kyle Freedman tweeted today “@RocheFreedmanLP  filed a class-action lawsuit Tether and  Bitfinex (and others) for manipulating the cryptocurrency market and to create the largest bubble in history.”

There are some times when crypto enthusiasts are shocked because of the manipulation in the crypto space. We speculate a lot about what is happening in the crypto markets. It seems when we engage in this topic, nobody knows for sure what’s going down.

The allegations.

It has been alledged BitFinex and Tether allegedly defrauded investors. They allegedly manipulated markets and concealed illicit proceeds.

What do you think is it possible for these two companies to have created cycles where they could benefit from it?

The allegations were that Tether flooded BitFinex with tokens. This resulted in an artificially inflated demand for cryptocurrencies. Due to that, there were possibilities for these two companies to have been responsible for the 2017 crypto bull run.

This is and this is going to be a difficult task to prove these allegations.

Prior to today, BitFinex denied these allegations on Saturday. I am just wondering how this will impact crypto space?

Future outcomes.

Blockchain technology is our future.  We believe in this advance technology to pave us a brighter future. Crypto’s maybe digital currencies being used on the blockchain, these things boil down to the value of cryptos.

What normally triggers a bull run is a technical achievement.  Consequently, it seems like the bull run of 2017 was due to the ERC20 contracts and ICO’s.

Finally, I hope this will not put us back to help people to develop a passion for these things.

In contrast with these allegations, the probability of the 2017 bull run was due to technical achievement. The ERC-20 contracts and ICO’s.

Luno Claim No Partnership with Luno Live Mining Company.

Bitcoin mining plays a very important role in the bitcoin blockchain. Many miners invest a lot of money to get mining equipment and farms in place. They conduct important work to ensure the validity of transactions on a blockchain.

Blockchain technology is still in its infancy stage and a lot of people don’t have a clue of it.  Due to the fact that they lack knowledge,  they are scared of technology.

People find it difficult to see value in blockchain technology. Getting investors aboard is a mission.  New start-ups struggle to get the investors to believe in the blockchain as it is. Then you get the scammers and fraudsters who make the task even worse.

Yesterday I was introduced to  Luno Live Mining Company.  Visiting their site was a userfriendly experience with online chat beautiful images. The Luno Live Company claiming to have its cryptocurrency farm based in Australia.

Furthermore, they claim the farmed is owned by a group of Brazilians and Australia Teams of noble entrepreneurs and investors.

I quote from their site; “Luno Mining company partner: We are proud partners of Luno Mobile Wallet which facilitates bitcoin storage and transactions such as buying, selling and paying their bitcoin wallet services. They also operate exchanges between traditional currencies and bitcoin. You can get a secured wallet by signing up ( https://www.luno.com ).”

 

I phoned my best friend the founder of Techno Magazine and we decided to investigate this site since it looked suspicious with a poor Luno logo.  We could not find the White Paper or anything about the mentioned partnership.

It resulted in an inquiry on twitter and looking at the answer we got back it’s obvious they are not part of Luno as they claim.

In response to our inquiry, Luno money replied and I quote: “No this company is not part of Luno.  This looks like a fraudulent website/company.  We have reported this to our fraud team.”

Look at their site now.

 

Techno Magazine takes pride in sharing knowledge about blockchain, cryptocurrencies, and technology.  Ibayi marketing,  like an investigative approach to things and together we have managed to get an investigation started.

When you spend money on blockchain technology investigate your potential investment.  Does the company have a White Paper, Social Media accounts and what are claiming on these accounts?

Look at the website and if you uncertain contact us to help you with your investigation but don’t waste your investment due to ignorance.

Look at the website and if you uncertain contact us to help you with your investigation but don’t waste your investment due to ignorance.

Bank Strike 2019/09/27!

It’s been planned since June this year and it seems it has reached a point of no return.

Approximately 4500  jobs are lost this year the banking industry and for  2019 it may increase still to 10 000 job losses.  The ordinary clients of this industry have been nurtured to except to make use of mobile banking approves, and ATM’s.

We have been encouraged to make use of advanced technology since less banking fees apply. How many times are you greeted by friendly personnel advising you to make use of banking approves or ATM’s because it’s cheaper?

We are unaware that they are encouraging non-humans to take their job. The human faces are getting less on each visit to your nearest branch.

Industries are paying third parties huge amounts to service machines that are not working. A good example is when you want to deposit money and the machine is full.  Do we ever ask how much banks are paying for these toys that inconvenience us when it’s out of order?

Why can’t that personnel be trained to use these machines? To service them creating a job for that friendly person greeting you so nicely and advising you to make use of these things.

These industries were aware of the advancement of technology and failed to get a solution for so many job losses.  Why not training their own personnel to do the work of third-party contractors? Why did they create third party expenditure at all?  Security ain’t an issue since they could have decentralized some personnel to other offices than the branch we are visiting.

SASBO’s banking sector national strike seems to be happening due to the failure of a moratorium of job losses.  The crisis may have been prevented if banking industries were able to meet the challenges ahead.

Finally, there is nothing wrong with embracing new technology, but we need to be able to step a notch up. Knowing we are facing advancements in technology should pave the way to train our personnel in new fields of expertise to keep abreast of the challenges.  Creating new jobs rather than having to deal with job losses.

Are we able to create new jobs within the banking industry to minimize or even eradicate job losses?

Who is Winning the Battle?

Huawei has finally unveiled the Mate 30 Series this week. However, the media is already stirring up the concoction despite the innovative hardware of these devices.

The gossip is all about Google gap, it seems like Huawei’s announcement was met with a hard slap. Google warned that it would not license the new Mate  Phone Series in terms of the U.S. restrictions.

The media is having a field day with the news. The main focus is on Huawei’s capabilities to deal with the lack of YouTube, Gmail, Google Play Store, and Google Maps.

At the IFA tech show in Germany, Richard Yu told the media there “might be a workaround on hand.” Will President Trump lift it as part of a trade deal?

Despite the fact that Richard Yu, the CEO of Huawei Consumer Business Group, mentioned that the open-source nature of Android has a lot of possibilities. Huawei is unable to provide Google Mobile Services on new products due to the ban. Third-party developers are working on it.

Unfortunately, presentations thus far focused on the new 5G chipset, its performance, power efficiencies, the camera, and display.

This still leaves us with the question is there Google or no Google. For the risk-takers, I believe it’s a buy. If it means no Google you need to ask yourself what are you buying?

The stage is set and the countdown has begun to either fight over ownership of technology or a sportsman’s embrace after a boxing fight.

HarmonyOS seems to be the replacement for AndroidOS but it seems the ban is aimed at the ownership of technology, thus no Google for Huawei at this stage.

Rap battle between Google and Huawei.

Background.

Phoning my eldest daughter this afternoon was a shock. She just started this year her first year at varsity. I was so amazed at her accuracy regarding the Google ban on Huawei.

It’s old news already, but it seems like two rappers on stage battling out. The audience is paying to listen to each word without getting value.

The Facts.

On 1 December Meng Wanzou, the daughter of the founder of Huawei was detained in Canada. Why was this move necessary?

Quoting my daughter now: “This is a typical example of governments influence or intervention in the macro-environment that place not only a burden on businesses but also the consumer.”

Imagine my daughter paid 5400ZAR. What about the consumer that paid 20 000ZAR?

Google’s ban on Huawei is going to impact the end-user negatively. The fact that no evidence came to the fore that Huawei is a national security bridge, is this security issues facts or fiction?

Traditionally people are afraid of advanced technology that is better than your own. Now I do not want to bad mouth but how many users are going to fall victim due to governments influence in this regard?

If you are tired of the rap battle, I don’t think there is a loser at this stage since negotiations may resume and parties may change their decisions.

Does Huawei have an Alternative to compete with Google?

The main concern that we are having is Huawei will have to be able to provide users all over the world not only with an alternative browser but approves. This battle is far from won, the question is if negotiations failed is there an alternative for Huawei to solve the problem?

Read more here or if you prefer video here.

Virual Conference: How to make money with IIot?

Exciting news, speakers from Industrial Internet Consortium, Siemens and Alta Via Consulting will explain this in their upcoming virtual conference, on May 30.

Somethings maybe free,  like this virtual conference but it ain’t cheap you can learn from the best and if you are intrigued by IIot book your seat here, there are only a few days left.

I am  excited and looking forward to this conference.