Why Z Cash better than Bitcoin?

Is Zcash’s encrypted blockchain Satoshi’s vision? an interview with Zooko

The following is an interview with Zooko Wilcox discusses the Zcash project and talks about the Crypto world in general, a very interesting talk with one of the leaders of the Crypto eco-system.

Zooko Wilcox, Co-founder of Zcash

eCash (1983) – anonymous electronic cryptographic money

“I had wanted something like bitcoin to exist for many years, before I heard about it. In fact, I’m 43 now, more than half of my life ago, I discovered these science papers by a scientist named David Chaum who invented the notion of encrypted crypto currency, internet money that was protected by cryptography.”, according to Zooko, “It didn’t have a decentralized monetary base. There was a central third party but it couldn’t spy on the transactions of the users because of cryptography. It wasn’t a complete solution.”

David Chaum invented eCash, as anonymous cryptographic electronic money in 1983. In 1990, he founded the DigiCash company for the implementation of eCash by third party corporations (mainly banks). The eCash solution ensures the privacy of its users. eCash was implemented by one bank in the US and a few banks in Europe.

 

 ecash

It’s all about Berlin’s wall, internet and crypto

“A couple of years before I came across David Chaum’s invention, I discovered the internet. The internet was pretty new then. I thought it was really exciting that distance and national borders were no longer complete barriers to communication. Before the internet, people didn’t really talk to, or learn the thoughts, of people from other countries. The only way was if you read a book or could take from whatever the newspapers or the TV stations chose to tell you about people’s thoughts from other countries.

Another formative event in my life was the fall of the Berlin Wall. It meant that national borders would stop being jail cells to people. In 1993, I discovered Cryptocurrency through DigiCash, and I thought this was the third part of the revolution; so distance and borders would no longer be barriers to resource sharing and going into business together – that one unfortunately didn’t work out.”

In Zooko’s vision, there are the three parts of the revolution – The fall of the Berlin wall, the invention of the internet and the invention of cryptocurrencies which represent a world with open borders, global open communication and an open economy without a distance or origin barrier.

INTERNET – Are we moving in the wrong direction?

“Years later, the internet revolution started to roll back, it became more of the case that national borders are barriers to communication between people. It is profoundly the case in China. In the West we are used to using the internet, and it is like an extension of our brains. When I went to China it felt like having a lobotomy, I couldn’t Google anything. No Facebook, no New-York Times, no Wikipedia… It is moving in the wrong direction.“

Internet Censorship map (Source: www.isoc.org)

Bitcoin vs. Zcash

“Bitcoin and Zcash represent to me the third part that will help sustain the other two – open borders and global open communication – and will keep the internet open and global”.

Our data is owned by private companies

“The potential for protecting and expanding human freedom is exciting. We are currently on a very dangerous pattern. The level of surveillance available for government is unprecedented in human history. Since humans were born until 15 years ago, there was never anything like that. There were cases throughout history when governments were more proactive in collecting data.

Though, the modern large companies and the governments have way more data on us than the German secret police ever had. East German secret police had about one half of their citizens secretly reporting on the other half and they had buildings full of folders and files with the data of all the citizens in the country. But this is nothing compared to the data about us that Google owns today. There is a big difference if you have one data point from everyday compared to a data point of every micro-second.”

 

How is all of the above background related to Zcash

“Well, that’s really why I started Zcash 3 years ago, because I was concerned about these issues and thought Zcash could make a big difference”

Zcash explained to the normal human being

“It is a kind of money that doesn’t come from any government or company and it protects the information about your transaction so that information is not disclosed to hackers or anyone. That’s basically Zcash.”

Tahoe LAFS

“I made a company that made a cryptographically protected distributed storage system called, Tahoe LAFS. That’s a distributed encrypted storage system like IPFS. Tahoe LAFS, which is still going on, is a very interesting project. One difference between it and IPFS is that the files are encrypted so you have control over who gets to see the content of them.

Another thing that the startup does is security audits for cryptographic software. For example, we were hired by the Ethereum development team before the launch of Ethereum to do security auditing of Ethereum. We were hired by many other good projects to do security audits.”

I wanted to work on Zcash day and night for the rest of my life

“One day, a team of scientists from the USA and Israel, who developed the idea behind Zcash approached me and asked me to commercialize the new project. They knew of my previous work at Tahoe LAFS. At first I said no. Even though I thought privacy is really important to me and is important for society, Bitcoin had a head start. So this new thing (Zcash) would just be a niche product for special purposes and wouldn’t be a mainstream product.”

However, after some deeper thinking, I realized that privacy is necessary for the mainstream users too and eventually I said Yes. And from that point, I wanted to work on Zcash day and night for the rest of my life. In addition to privacy’s importance for humanity, civil rights and the safety of society is also necessary for business.  Every mainstream business that wants to use cryptocurrency will need it.”

“If you want to use a cryptocurrency to buy and sell goods and services for your business you need privacy so that you are not leaking information about your transactions to competitors, criminals and unauthorized parties. In the US, it is absolutely illegal for any business that manages customer’s money, to leak information about it to an unauthorized party.”

Fungibility

“For a thing to serve as money, it needs to be transferable, easy to count, and fungible.

If you are selling your used bike for 100 USD, and someone offers you two 100 USD bills, you probably don’t care which one of them you take. Two 100 USD bills means the same to you. However, if you are selling your used bike and someone offers you one of two used laptops, you really care about which used laptop to take. No used laptop is worth exactly the same as another to you. That’s why dollars have fungibility and used laptops don’t have fungibility.”

“Some people don’t trust JP Morgan”

What value does Bitcoin bring to the world?The question was asked a few days after Jamie Dimon, J.P. Morgan’s CEO, called Bitcoin a fraud

“I think the core value proposition is that some people don’t trust JP Morgan. There isn’t any government or a person that everyone on the planet trusts. One can say, let’s make a world bank that everyone trusts. Fact is, that’s not the world we live in. That is the unique value proposition of Bitcoin and Zcash, not the technology. But a thing that you and someone else can rely on, even though you and the other person don’t trust the same bank or the same government. I love Bitcoin, it is a revolution. I’m the author of the first ever blog post about Bitcoin (Jan 26, 2009). In fact, Satoshi Nakamoto’s home page linked to my home page at one point”

Satoshi Nakamoto’s Bitcoin alpha release blog post (March 3rd, 2009) linked to the following blog post written by Zooko: Decentralized Money, 26 January 2009 (created 26 January 2009)

“I’ve been spending a little bit of time thinking about how gaming services like World of Warcraft and (don’t-call-it-a-gaming-service) Second Life have succeeded where we at DigiCash failed — convenient, widely-used, programmable digital cash. A problem is that each of these new currencies are centrally controlled by one entity. This limits the scope of who will rely on that currency and how much value they will risk on that currency. There are ideas floating around about how to facilitate transactions between currencies, but this would not solve the problem. A plethora of competing centralized services is not the same as a decentralized service. Even if it were cheap and convenient to trade some LindenBucks for some WoW Gold, this would only lead us back to the equivalent of the modern nation-state currencies: mostly centralized (because of the Network Externality), heavily taxed/regulated/manipulated, and prone to disastrous failure. What I want is a currency which everyone can cheaply and conveniently use but which no-one has the power to manipulate. No-one has the power to inflate or deflate the currency supply, no-one has the power to monitor, tax, or prevent transactions. Truly the digital equivalent of gold, during the times and places when gold was the universal currency. See the BitGold idea by Nick Szabo and b-money idea by Wei Dai, and recent effort to actually implement something along these lines: BitCoin by Satoshi Nakamoto.”

What value does Zcash bring to the world that Bitcoin does not?

“There is a huge flaw in Bitcoin. Satoshi knew this, he also valued privacy. He talked about how he hoped Bitcoin’s privacy would be sufficient and of the possible ways to improve its privacy using encryption. Bitcoin’s privacy is a total failure. The only reason Satoshi didn’t put better privacy into Bitcoin originally is that we didn’t have sophisticated enough cryptography back then. It was after Satoshi was doing his work that we discovered the new mathematics of efficient Zero Knowledge Proofs that allow us to do it correctly in Zcash.”

Zero Knowledge Proofs

 “Zero Knowledge Proof is not what gives you privacy, it is just the necessary glue to allow us to use encryption. The way privacy is provided in Zcash is the same way privacy is provided with every high security computer and network (Secured databases of banks in the world for example). The reason transactions are public in Bitcoin is so the miners can detect invalid transactions and exclude them in order for Bitcoin to work. That’s why Satoshi couldn’t encrypt the transactions; otherwise he would have done it. The innovation of Zero Knowledge Proof allows us to prove that a transaction is valid even though the transaction is encrypted.

It is an interesting discovery that was made about 30 years ago. Shafi Goldwasser is one of the scientists behind this proof. She later won the Turing award for this discovery, which is one of the most prestigious awards for a computer scientist. They identified the concept of proving the solution without revealing the solution, and proved that it was possible to do it. But, the way that they showed that it was possible to do it, was totally impractical, that’s why Satoshi couldn’t use it in 2008.

The following is a great example, we came by, for the Zero Knowledge proof:

Imagine your friend is color-blind. You have two billiard balls; one is red, one is green, but they are otherwise identical. To your friend they seem completely identical, and he is skeptical that they are actually distinguishable. You want to prove to him that they are in fact differently-colored. On the other hand, you do not want him to learn which is red and which is green.

Here is the proof system: You give the two balls to your friend so that he is holding one in each hand. You can see the balls at this point, but you don’t tell him which is which. Your friend then puts both hands behind his back. Next, he either switches the balls between his hands, or leaves them be, with probability 1/2 each. Finally, he brings them out from behind his back. You now have to “guess” whether or not he switched the balls. By looking at their colors, you can, of course, say with certainty whether or not he switched them. On the other hand, if they were the same color and hence indistinguishable, there is no way you could guess correctly with probability higher than 1/2.

If you and your friend repeat this “proof”   times (for large t), your friend should become convinced that the balls are indeed differently colored; otherwise, the probability that you would have succeeded at identifying all the switch/non-switches is at most . Furthermore, the proof is “zero-knowledge” because your friend never learns which ball is green and which is red; indeed, he gains no knowledge about how to distinguish the balls.

The same idea works for Zcash. The miner can verify an encrypted transaction without seeing the transaction itself. He repeats some mathematical proof where each time he gains some more certainty that the transaction is indeed valid. After a large number of proofs the probability that the miner will approve an un-valid transaction becomes negligible.

Government recognition of Zcash

Japan as an example: “If you are the financial services authority of Japan, you don’t want Japanese people using a payment system which discloses all of their transaction to North Korea (as in Bitcoin). Bitcoin is more dangerous for Japanese people in that way than Zcash is.”

Just logon to Blockchain.info to see the latest Bitcoin transactions, as seen here for example: everyone can see the sender and receiver addresses, the amount of money transferred and when.

 

“There are tradeoffs. If the Japanese people use Zcash, you do lose traceability, but it is ok because you don’t have that traceability for cash or even for credit cards” (a third party discloses the transaction information if needed, but it is not open to anyone – selective transparency). That’s the same thing you can do with Zcash, it also has selective transparency. “

Selective transparency is a feature in the Zcash protocol that gives a user the ability to disclose his transaction history to a certain party. For other parties, all the user’s transaction history is encrypted.

“Most of the bitcoin payment transactions rely on a third party intermediary (like CoinBase, BitStamp, Bitflyer etc.). As long as people rely on a third party intermediary, Zcash acts more like the conventional banking system does from the perspective of regulation. In that model, the encryption in Zcash is not hiding the information from the provider and it’s not hiding the information from the Japanese government. It’s hiding the information from the North Korean government. People that don’t use a third party cannot use the banking system, but they can use Bitcoin or Zcash. If you use Bitcoin, your information is disclosed to anyone on the internet. With Zcash the information is protected.”

Adding private information to a transaction on the Zcash blockchain

 “Another virtue of Zcash, is that it allows you to put more information into the transaction.

Because the transaction is only visible to authorized parties, you don’t mind adding to the transaction. For example – ‘this is for the shaving brush’, whereas in Bitcoin, you might not want to add further information to it as it is transparent to the world.

That information will be visible to the government either if you use a third party intermediary or you choose to disclose that information to the government.

In conclusion, Zcash might be better for the government in some cases because once the user is compliant or uses a third party for his payments, the information is richer. There is a law which Bitcoin companies cannot satisfy and Zcash can. The KYC (know your customer) of the customer has to travel with the payment if you transfer money on behalf of the customer from one financial institution to another.”

Nowadays, Bitcoin and Zcash serve mainly as a store of value. Will it ever serve as a currency?

“That is my goal; for Zcash and for Bitcoin to serve as a currency. A good strategy for that, is to look for opportunities where the competition is weak. Wherever the competition is worst, that’s where Zcash and Bitcoin can shine. I really want Zcash to take over the USD, but it is going to take a long time, that is a bigger challenge. Currently, I’m really excited about Zcash against the Venezuelan Bolivar, Zcash is obviously way better than it.”

A cup of coffee in eastern Caracas, Venezuela, today costs 460% more bolivar than it cost a year ago (450 to 2,800 Bolivar). As published on the Venezuelan cafe con leche index.

“There are around 250 fiat currencies in the world, the average currency lasts just 100 years. You can basically expect one fiat currency to completely fail every few years. Currently it is the Venezuelan Bolivar.

The great competitor for a failed currency is the USD, one way Zcash and Bitcoin could benefit from that, is to serve as the gateway to USD for these countries. In Venezuela, you cannot have USD in your bank account. I would be happy if Zcash and Bitcoin could serve as a gateway from an unstable currency (Venezuelan Bolivar) to a stable currency (EURO/USD)”

Credit to : https://cryptopotato.com/zcashs-encrypted-blockchain-satoshis-vision-interview-zooko/?source=techstories.org

Credit Card and Debit Card Online Shopping Scammer Alert by Miss Early Brianna Lynn

Credit Card and Debit Card Online Shopping Scammer Alert by Miss Early Brianna Lynn

Scammer Alert Miss Early Brianna Lynn or Brianna Early

Scam Reason : Online Shopping Scam for $20 ebook and online voucher
Scam amount : USD 20
Name: Miss Early Brianna Lynn or Brianna Early
Email : earlybri0725@gmail.com
Citizen : US Citizen
D.O.B: 1992
Address : 176 DEER MOSS TRL LEXINGTON SC 290737382 United States

She provided :
1. selfie with ID
2. selfie with purchase note confirm
3. debit card with last 4 digits
4. REPLY EMAIL to confirm order received

However, she still file dispute with her bank

Customer come to my website want to buy my offer for $10 ebook of dare to fail and $10 voucher for udemy online workshop

She provide detail with her ID, selfie with her ID and also detail of he credit/ debit card

When I have emailed here the download link

She replied with confirm received and agree no dispute

Paypal Online Shopping Scammer Alert by College Girl Miss Crystal Nicole Goodger

Paypal Online Shopping Scammer Alert by College Girl Miss Crystal Nicole Goodger

Scammer Alert Miss Crystal Nicole Goodger

Scam Reason : Online Shopping Scam for Server Rental
Scam amount : USD 20
Name:Miss Crystal Nicole Goodger
email : mrsgoodger0603@gmail.com
Citizen : US Citizen
Address : 4152 south 2225 west, Roy, UT 84067 United States

She provided :
1. selfie with ID
2. selfie with purchase note confirm
3. debit card with last 4 digits
4. imessages confirm purchase order

However, she still file dispute with Paypal

Conclusion : Miss Crystal Nicole Goodger is 100% Scammer Confirm!

Credit Card Scammer Alert – Jessica Christine Moss

This scammer use Credit card to cheat multiple merchant. she is the hot scammer.

Scam Reason:   Credit Card Scam

Scam Amount : USD $500 + $100 + $200 = $800

Items Purchased:  Dedicated Window Servers

Name: Jessica Christine Moss

Address :  po box 2669  Toluca Lake, CA, 91610, United States

Mobile : 3107746354

 

Conclusion : 100% Scammer confirm

 


BankofCommunity Reviews on BTCBooster.com-This site paid you 200% in 50 hours-Is it Scam or Legit?

We are trying to check and review about BTCBooster.com but we can’t find any proof that they are scam or legit? We need you to provide proof whether this site is genuine or not. Pls find out this is their ads :

btcbooster-review-scam-or-legit

BTCBooster
Receive 200% profit in just 50 hours  

 

♛ Automatic (instant) payment every single hour ♛ ♛
♛ Maximum deposit: unlimited ♛
♛ 4% every hour ♛
♛ 15% referral commission ♛
♛ 100% responsibility for every bitcoin ♛
♛ 100% long lifetime ♛
♛ Comodo SSL Certificate ♛If deposit is less than 0.01 BTC, then payments can receive only every next 2nd – 3rd hour (with included hourly payment). Reason – Minimum what our script can pay out is 0.0004 BTC.https://BTCBooster.com
Anyone try before got proof? Pls feedback to us!

Final Review!

This is a 100% SCAM WEBSITE!

Be Careful and stay away!

Bank Of Community Reviews on BTCJam-Bitcoin loans and investments

BTCJam IS THE FUTURE OF INVESTING!

btcjamm

BTCJam was founded in 2013 by Celso Pitta and is based in San Francisco, CA. It has facilitated $10.5 million in loans, which is below the average amount for most p2p lending platforms.

Are you agree on this? BTCJam has gained tremendous publicity among the bitcoin and cryptocoin community.BTCJam as a promising crowdfunding website for bitcoin. BTCJam offers users to loan, invest, and trade bought loans, which gives users a chance to sell loans they believe are going to default in a stop-loss type mechanism.

 

Loan Details

Loan Terms
Under 6 Months
6 Months
9 Months
12 Months
Loan Range$1 – $35,000
Types of Loans OfferedMiscellaneous
 bittv

How To Qualify The Good From The Scams? Any Scam Alerts System?

The first step with BTCJam is to slowly make deposits, and to gradually invest in a variety. We recommend starting small, since btcjam loans occasionally default. One must keep track of patterns in investors. You have to understand this list of requirements for loans on BTCJam, most believe you should lend to those with the highest credit rating, but that isn’t always true. BTCJam offers no insurance on loans, so when a loan defaults, your bitcoin is gone.

Lender Information

Requirements for Lenders

Minimum Age18 years old

Risk Grades

Grades
A
B
C
D
E

Lender Account Management

  • Individual Note Search: lenders can search and filter through a listing of all the loans that are available on the platform.
  • Secondary Marketplace: lenders can purchase undervalued loans or sell loans that seem unhealthy in an online marketplace of lenders.

How to Look For Quality Loans On BTCJam:

  1. Pay Attention to Lending History of the Borrower’s Account:  How to identify the tactic of scammers or fraudsters? The loan pattern borrowers take is one major indicator. If the borrower just taking a smaller amount of loans and they start to borrow a large sum of loans. They just want to use the bigger loan to pay back the smaller loan. This is a obvious red flag.
  2. BTCJam Can Be a Risky Proposition : The  Lend to borrowers using bitcoin. Even though they implement the credit scores of the candidate, however, the lender shall assume a certain amount of risk.
  3. Hypothesize the Feasibility of the Loan: Example: Would you lend a stranger $100 if they said they’d give you $110 in a week? Chances are you wouldn’t lend them the money. This is how many loans sound, unbelievable. Use common sense investing and play it safe, high returns are most likely going to default.
  4. People Don’t Make Bitcoin Cloud Mining – Stay Away
    Cloud mining was a great promise at one point, bringing mining to the masses on any scale, currently it is something that will lose you money quickly. Many investors ask money for cloud mining, which is rarely profitable, especially in the short run.

Conclusion

BTCJam seems like a solid option for people who have Bitcoins saving in hand but don’t know how to generate profit. This is also good for people who are willing to take calculated risks on their Bitcoins for higher rewards. Personally I’ll continue using this site following the principles I’ve described and will update you as things evolve. If you have your own experience with BTCJam I’d appreciate if you’d share it in the comment section below.

IMPORTANT: What’s written in this post is my own personal advice based on my experience. I’m no investment expert or guru and you should take everything you read here with a grain of salt. Investing money is a risky business and in the end you’re the only one reponsible for managing your capital. This post is my personal opinion, nothing more.

My Bitcoin Trading Robot Reviews-The Complete Bitcoin Robot Explained

Do you trust yourself or Robot? Why there are many people don’t trust their skill to do trading but go to Robot trading? Is Robot trading more profitable?

There are many Robot system in the financial market, like Forex Robot, Stock trading Robot. With any new technology online there is always the promise of a way to beat the system and make money quickly.

Today we are going to discuss and review about Bitcoin Robot. Why Bitcoin? Bitcoin’s extreme volatility has spawned an entire industry of BTC Robots and Arbitrage systems. We looked through them to see which are your worth your time.

robot-bitcoin

Bitcoin Trading Strategies Reviews here:—>

When BTC first emerged as a currency the main trading strategy to make money with it was arbitrage based on the different prices offered by different exchanges. Since it is an unregulated decentralized currency there used to be big prices differences between the different markets where Bitcoin was bought and sold. Many of the early systems relied on this to make money.

In recent months there has been an explosion of trading systems and strategies promising to print money while you sleep. While many of these are a complete waste of time there are a few that are worth a second look. Here are some products we think are worth checking out.

1. BTC Robot

btcrobot
The BTC Robot bills itself as the world’s first dedicated Bitcoin trading robot. It is based on an engine that trades the currency on options platforms taking advantage of the directional changes. They have a counter on the site for the profit that the bot has earned members and have exhibited at several conferences.

Simple… The bitcoin robot is not buying stocks or currencies! Or not even in the “options” market… it doesn’t care about inflated spreads, slippage, commissions for brokers… these values do NOT EXIST in the bitcoin world!

It is commission-free and cost-free…And it relies on the average “dumb” individual to make profits…

SMART ROBOT USERS PROFIT AT THE EXPENSE OF NEWBIES!

As Bitcoin is extremely new, so are its users, buyers and sellers alike… most are inexperienced, just reading about the inflation-free currency and wanting to buy or sell some or “play” with it… serious bitcoin users are still very VERY rare.

The typical Bitcoin user purchases bitcoins at a much higher price than needed (unwilling to wait for good market conditions) and sells them much cheaper than possible (again unwilling to wait for a good price)

THAT’S HOW PROFITS ARE MADE… PATIENCE!

Here’s where the BITCOIN ROBOT shines! There’s a lot of information on the site and it’s definitely one worth checking out. There’s also a free downloadable guide to trading BTC you can access here.

Find out more about BTC Robot >>

 

2. CryptoArbitrager

crypto-arbitrager-review-2-638
This is a cryptocurrency arbitrage robot that trades based on differences in the prices of Bitcoin and Litecoin. By taking advantage of these fluctuations between the currency pairs the bot tries to maximize your earnings as it trades between them. Their is a download version you can use locally as well as a remote server version which you can access from anywhere.

1452253845-1433797-355x310-sshot2 1452253858-1433819-355x310-CALog

Find out more about CryptoArbitrager >>

 

 

 

 

 

BitClub Network Review – Scam or Legit?

Bitclub Network Affiliate Review

Name: BitClub Network
Website: www.bitclubnetwork.com
Price: $99 One Time Starter Membership (get your account)
Owners: There is no information on the BitClub Network website indicating who owns or runs the company. As they website said: “BitClub Network is a private group of business people, entrepreneurs, technology experts, programmers and network marketers who have formed a very simple and exclusive club around a very sophisticated concept of cryptocurrency.”
Overall Rank: 90 out of 100
Who it’s for: Beginner – Expert

What is BitClub Network(BCN) Affiliate?


I have done a lot of research for Bitcoin buy and sell, bitcoin mining, bitcoin investment and affiliate marketing online. Finally I have come up with my unique analysis on BitClub Network Affiliate! I have been running own business for the last 20 years and been searching for trusted online businesses for decades. Let me explain why I believe BitClub Network will be of benefit to you.

The BitClub Network website domain (bitclubnetwork.com) was registered on the 22nd of July 2014. However, the domain registration is set to private.

The BitClub Network website itself is being hosted out of the Netherlands, without more information however it’s not clear whether this is also where the owner(s) of the company are based out of.

As always, if a MLM company is not openly upfront about who is running or owns it, it is truly trouble you to think long and hard about joining and/or handing over any fund to invest in it.

The BitClub Network Product Line

BitClub Network has no retailable products or services. BitClub Network is focusing in Bitcoin buy and sell, Bitcoin mining and Bitcoin investment business.

BitClub combined the power of crowd funding to bring you a very unique and timely opportunity in the Bitcoin industry. By using their expertise they are able to build a profitable mining operation that uses an affiliate payment structure to leverage the earning potential of members.

The concept is very simple! You purchase mining equipment that is used to mine Bitcoin and BitClub pay you daily on your share of all Bitcoin being mined. When you share this opportunity with other members and they make a purchase you will also get paid recurring commissions on all Bitcoin mined from their purchases.

BitClub operates two mining locations with the fastest growing facility located in Iceland. This facility is open to the public who meet certain qualifications for visitation. Our mining pool is open to public so that anyone who wants to contribute hashing power can easily do so.

BitClub purchase all mining equipment which allows BitClub to retain full ownership and easily sell the hardware in the secondary market when it’s nearing the end of it’s peak cycle. BitClub swap these out for newer and more efficient machines. Each time they liquidate an older batch of equipment our members have a chance to take possession of the miner if they choose. For more details Click Here.

Every BitClub member helps contribute to the operations of the mining pool by “chipping in” Bitcoin to pay for it. This repurchase strategy is what allows us to continually expand and purchase more mining hardware.

All Bitcoin from our mining operations are paid daily!

BitClub Network Affiliates membership to the company itself ($99) and then invest and encourage others to invest in three “mining pools”.

 

What is Bitcoin?

I will explain these different methods in more detail further along the page. This gives the consumer more opportunities to spend their money, the way in which they desire it. Bitcoin is much like gold in some aspects, namely the difficulties involved in its production, supply and recognition.

Here are a few things you need to know…

Bitcoin is a worldwide currency that uses a public ledger system to record transactions being sent from one person to another. This all happens without a central bank in the middle and it’s not controlled by any government, regulating body, individual company, or person.

All transactions are completely transparent and thousands of copies of the ledger are kept across a distributed network of computers with no single point of failure. In other words, Bitcoin is a true decentralized currency that nobody can control and this is why everyone is so excited about it.

Warren Buffett’s Most Profitable Investments.

Since a buyer are only able to bid one penny in a time, every product receives countless bids. In 2008, Satoshi Nakamoto published a paper describing digital currencies. Quark, coded in mid-2013, does not are afflicted by these shortcomings. No questions are asked or no fees are required to get a bitcoin address to become set up.

The BitClub Network Compensation Plan

The BitClub Network compensation plan revolves around affiliates investing in three “mining pools”, each of which pays out a daily ROI for 1000 days.

 

mine-1-compensation-plan-video-bitclub-network

  • Mine #1 costs $500 a share and pays out a daily ROI for 1000 days, subject to 50% mandatory re-investment
  • Mine #2 costs $1000 a share and pays out a daily ROI for 1000 days, subject to 40% mandatory re-investment
  • Mine #3 costs $2000 a share and pays out a daily ROI for 1000 days, subject to 30% mandatory re-investment

bitmine4

BitClub Network is exactly that: a legitimate bitcoin mining operation with one huge draw that separates them from the rest of other mining operations out there: when you refer people, you get paid! When you don’t refer people, you don’t get paid!

 

Name
Email

 

No other mining operation out there allows you to earn bitcoin passively every day and also have the compounding effect of network marketing working to help amplify and maximize your earnings in a short period of time.

This is one of the main reasons why BitClub Network is gaining so much momentum and out-perform that other companies!

Let’s see how it works? 

BitClub Network allows you to buy shares in their mining pools and get paid every day for 1000 days per share that you purchase. They have 3 mining pools that you can purchase shares from.

Depending on which of the BitClub Mining Pools you buy into, a percentage of your daily earnings will go towards buying more shares. So let’s say you buy into all three BCN mining pools today…

You will earn passive Bitcoin every day for 1000 days starting immediately. Then let’s say it takes 20 days to earn another share in all three pools, then you’d still have 980 days to earn on your original share PLUS another 1000 days beginning on the 20th day for the newly acquired shares. As time progresses the compound effect will kick in and you could easily see your potential earnings grow by as much as 10 or 20 times per day.

BitClub Network is an online community  for creating and growing a successful online business by investing in Bitcoin Mining.

If you are looking to earn serious money on Bitcoin mining and trading, if you like to network with fellow internet entrepreneurs, get help and help others, then BitClub Network will be your perfect home.

I really appreciate the founders and leaders of BitClub Network. All of  them are very active within the community. You will even find them replying to your private messages and they will actively reply to any questions from members. I can see that they are keen to see all their BitClub Network members be successful with a long term profitable Bitcoin mining and marketing business.

BitClub Network Affiliate’s Pros & Cons

 Pros: 

  • Provides Easy to follow and always up-to-date Bitcoin marketing training.
  • No need to recruit people to gain daily mining pool shares profits.
  • Grow your wealth as long as Bitcoin values continues to rise!
  • Gives you personal marketing websites with easy website building Tool in 13 languages.
  • Costs is low $99 only and it is low cost to start your Bitcoin investment. Join here.
  • Gives you access to top info about Bitcoin investment and mining marketers and support.
  • Live & Interactive Help from BitClub Network Community.

Cons:

  • Too much information about Bitcoin that possible overloaded for you.
  • You may need to longer time to learn all Bitcoin courses provided in BitClub Network.

 

Final Rating: BitClub Network Affiliate

9 stars

 

Here is some of the target audiences that will benefits from BitClub Network(BCN) Affiliate:

Beginners who want to buy their first Bitcoin
Experienced Bitcoin Marketers
Local businesses
Sole Proprietors (SoHo)
Small and medium-sized enterprises (SMEs)
small and medium-sized businesses (SMBs)
Online merchants
e-Commence Service Providers
Local marketers
Distributors
People that wants to build their wealth through bitcoin investment(s)
People that want to sell their products online
Retired people, looking for an additional income
People looking a trusted hosting provider
Primary School Students
High School Students
University Students
University recent Graduates
People who want to turn their hobby into an additional income
Bloggers and website owners

The list is ongoing, but I am sure that you already see the benefits.

So in a word, EVERYONE. All levels of expertise, any age, any country.

I highly recommend BitClub Network Affiliate for beginners but I strongly agree that this Bitcoin program is suitable for all levels of marketers and entrepreneurs. BCN provides training for people with different skill levels. When you get access to the members’ area you are quickly going to be impressed by the activity and helpfulness within the community. This is the power of team spirit!

With this kind of team spirit, you will not be alone to achieve success and profitable in this challenging Bitcoin business! We can feel that everyone wants to see each other being successful together!

 

The Price


BitClub Network Affiliate has two membership price points:

1. One Time Membership Enrollment – $99
2. BitClub Mining Pool Selection below : –

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miningpoolshares-selection

The starter membership Package

Here is what you get for $99 as a BitClub member

    To sign up you will need pay a one time $99 USD membership fee that will give you lifetime access to BitClub Network platform and allow you to participate in our mining pool shares and any other opportunity BitClub provide in the future. You must pay this first to activate your account before purchasing any other products.

 

To be honest, I still can’t find another paid membership product in the industry that can compete with BitClub Network Affiliate’s Starter membership, other than…

My Final Opinion


Join the starter membership it’s so low with one time fee of $99 only.

I would highly recommend you to start with BitClub Network starter membership: Why?

  1. Very low risk with $99 only.
  2. Instant access to experience BitClub Network Affiliate Bitcoin Business and Mining training.
  3. Get your 13 languages FREE personal Affiliate websites .
  4. Test and see how BitClub Network Affiliate Community can benefit you.
  5. Start your Bitcoin business NOW!

 

There are only 3 SIMPLE Steps to Getting Started today

(Totally risk-free)

Step 1: Click the button below and enter your name and email address.
Step 2: Pick your username and password on the next page.
Step 3: Jump into the Getting Started training (create your free account first!)

Join BitClub Network Affiliate, it’s very low risk ($99)!

Summarized Overview


Name: BitClub Network Affiliate
Sales Page URL: http://www.bitclubnetwork.com
Owners: BitClub Network is a private group of business people, entrepreneurs, technology experts, programmers and network marketers who have formed a very simple and exclusive club around a very sophisticated concept of cryptocurrency.
My Overall Ranking:  90 out of 100 points
Read Real Testimonials: READ REVIEWS

REVIEW 1: MY FIRST 2 MONTHS BITCOIN MINING EXPERIENCE WITH BITCLUB NETWORK – BY RYAN CONLEY.

Review 2: Joby Weeks Bitcoin mining BitLife ClubCoin.

VERDICT: TOTALLY LEGIT

If you would like to leave your personal review or experience of BitClub Network Affiliate or you have any questions, please do leave them below. I would love to hear your feedback!

 

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Team Jony
Bank of Community Reviews Team
BankofCommunity.com