Recent Posts

A Brief History of the CryptoCurrency Future

John Abercrombe 3 days ago  0
We are in the midst of a hype-ridden initial coin offering (ICO) explosion. ICOs are another use case in... Read More

A Guide to Cold Storage for New Zealand Bitcoiners

John Abercrombe 2 weeks ago  0
Bitcoin cold storage is achieved when Bitcoin private keys are created and stored in a secure offline environment. Cold... Read More

How Do I Get A Paper Wallet or Cold Storage

John Abercrombe 2 weeks ago  0
Bitcoin security? How does that work? Bitcoin does so many things better than banks (trusts, escrows, programmable money, cheap transfers,... Read More

These 7 Network Effects of Bitcoin Will Blow Your Mind

John Abercrombe 2 weeks ago  0
Speculation – As a novel, cryptographically-backed asset class with the potential for appreciation and high volatility, Bitcoin is perfect for... Read More

What is Ethereum

John Abercrombe 2 weeks ago  0
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of... Read More

What Is Bitcoin

John Abercrombe 2 weeks ago  0
  Step 1 —> Get Started With Bitcoin Before you start using Bitcoin, which is still experimental but has been... Read More

Bitcoin Down – Hodlers Suspect Another Bear Trap

John Abercrombe 2 weeks ago  0
Bitcoin is down 5.5% across global exchanges, falling to a low of $2,547.18. This figure was down nearly 15% from... Read More

What is UASF

John Abercrombe 2 weeks ago  0
UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs... Read More

Bitcoin Fork Causes Correction for Crypto

John Abercrombe 2 weeks ago  0
Trader confidence isn’t keeping pace with market confidence, the total value of all publicly traded cryptocurrencies at an all-time... Read More

Segwit2x Holds Promise For Big Miners

John Abercrombe 4 weeks ago Comments Off on Segwit2x Holds Promise For Big Miners
“The number means something. Hash power means something.” As explained by Xiangfu Liu, co-founder of bitcoin mining chip maker... Read More

Could Trumps 100 Days of Failure Lead to Military Coup?

John Abercrombe 2 months ago Comments Off on Could Trumps 100 Days of Failure Lead to Military Coup?
“On Nov. 8th, Americans will be voting for this 100-day plan to restore prosperity to our country, secure our... Read More

More Republican States Support Trumps Travel Ban

John Abercrombe 2 months ago Comments Off on More Republican States Support Trumps Travel Ban
President Donald Trump’s travel ban on citizens of six nations faces its second challenge at a U.S. appeals court next... Read More

What is Smart Money?

Smart Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.

financial institution is an establishment that conducts financial transactions such as investments, loans and deposits. Almost everyone deals with financial institutions on a regular basis. Everything from depositing money to taking out loans and exchanging currencies must be done through financial institutions.

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Stock Ticker

  • Loading stock data...