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Greetings, treasure hunter!

You’ve got to this very place where you can fill up your wallet. Feel yourself in the shoes of adventurer and pioneer. “PickBit” is a great choice for the interesting pastime.

After the registration you can start playing right away. The game interface is very simple and user-friendly. You will see a rocky tableland, divided into sectors, where you can dig. There is a chance to find precious gems, which you can then sell black marketeers for gold.

You have an initial set of five mattocks by which you can groove the stone. But the digger’s life is hard and full of unpredictable difficulties. The solid you have to dig is very firm, and mattocks are used up fast. So one mattock - one hack.

However, when looking for the gold, you can find the working instruments of your unlucky predecessors, bitten to death by coyotes. So after a certain time your set of mattocks will be renewed, and you will be able to use them again.

You should remember that only patient and persistent people reach success, so don’t forget to enter the game every day, and you will receive a bonus for the regular visiting. And on the fifth day you will enter a super game, so don’t waste a chance.

You’d better explore this tableland as soon as possible. Here, the dangers and the chances to grow rich await you equally. You won’t be able to break the whole solid, so don’t groove everything. When you use all the chances offered by the fortune, you will get to the new tableland and start everything from the beginning.

So take your mattock and go ahead to the wealth!

BBC News Talking on Blockchain

More and more respectful editions pay attention to the crypto-currencies and technologies which they are based on. These days, a big article about Ethereum platform was published in the New York Times, and recently on the BBC News website appeared an article by Mark Smith about the blockchain technology.

He describes blockchain as decoded database, distributed among the computers in the network. And there is nothing strange, this idea is already several decades old. But the peculiarity of blockchain technology is the fact that the information update is possible only after the agreement of all network participants. And when it happens, the data cannot be changed, which makes this technology especially reliable and safe. And on the trustworthy the majority of business operations is based.

For the first time the blockchain technology was developed for the digital currency Bitcoin, but its possibilities overcame the limits of the financial environment long ago. New startups, that actively use the possibilities of the new technology, appeared, and create the perspective applications – from the possibility of crediting without intermediaries to smart-contracts.

Among them one should mark OpenBazaar, which allows to sell anything to anyone in any part of the world where the Internet access exists. Unlike traditional resources as eBay or Amazon, the users do not visit the website, but upload the application that connects the potential buyer with a seller. All transactions are happening with the help of Bitcoin, without intermediaries, which allows to avoid commission fees. The application is now on the stage of testing, but it was already uploaded for more than 20 thousand times during the last month.

One more creation of blockchain technology, worth our attention, are smart-contracts – the applications that independently check whether the conditions of the agreement are fulfilled, and if the result is positive, they allow transactions. Let’s once again admit the absence of intermediaries. In addition, smart-contracts are considered perspective for buying realty. Companies in San-Francisco Smart Contract and Hedgy are already planning to use them in business.

According to the Emmanuel Viale, Managing director of Accenture Technology Labs, blockchain technologies can find the appliance on the Internet of things – various smart devices, connected to the network. These can be, for instance, various medical devices that send the parameters of the health condition, all data will be decoded and anonymous, or even the wine delivery – the sensor will check the temperature of the beverage during the road, and if the conditions of delivery are violated, the agreement will be automatically cancelled.

5 Stages of Bitcoin Acceptance

The famous entrepreneur and the follower of crypto-philosophy Andreas Antonopoulos is convinced that the attempts of the banks to acclimate private blockchain will lead them through the specific “circles of hell”, which the financial world will feel for the resisting to accept the decentralized and open Bitcoin network.

Such thought was expressed at the recent meeting with the representatives of blockchain community in Brussels. Answering the questions, he emphasized that big banks with their whole essence are unable to comprehend the idea of Bitcoin, since their efforts are directed on the investment and accumulation of capital. The neutrality of crypto-currency and its natural absence of limits can become a “black swan” for corporations.

“Black swan” is a theory that explores the hardly predictable and rare events that have serious consequences. The main criteria of the theory:

  1. The event is unexpected (for the expert).
  2. The event produces a serious consequence.
  3. After its oncoming, in the retrospective, the event has rational explanation, as if it was expected.

On corporation generally, the 5 stages of Bitcoin acceptance are expected:

  • Denial
  • Anger
  • Attempts to negotiate
  • Depression
  • Acceptance

According to Andreas words, corporations started from denial, passed to the stage of anger and today demonstrate the attempts to negotiate. They choose particular aspects of technology that they can admit, such as blockchain, and try to do something with it that contradicts its nature – to make it closed and centralized. But this won’t do, Andreas is convinced, because the blockchain is not appointed for the things that banks want to do with it. Bitcoin blockchain, with its decentralized consensus algorithm, is really ineffective, but this is the price we pay for freedom.

After the attempts to negotiate the depression will come – the stage where traditional financial instruments will give up their positions to the innovative technologies, which will be open to accepting crypto-currencies. On the fifth stage banks will be obliged to accept the existing status quo, when people have control over their money. This will open the access to services for any person on Earth, who has a smartphone. Everyone will have a bank in a pocket instead of a bank account.

Coinbase Adds Ethereum Support

On 21st of July a famous exchange platform Coinbase, which helps to quickly and easily sell and buy Bitcoin, has added an application for Ethereum to its platform and mobile application.

As reported on Coinbase blog, recently Ethereum experienced hard times, apparently bearing in mind the events a month ago, when unknown persons withdrew Ether on the sum of around 50 million dollars from the DAO project accounts, which was based on Ethereum platform and was tightly connected with it.

A week ago Coinbase CEO Brian Armstrong spoke in support of the hard fork Ethereum. According to his words, the fact that Ethereum dared on hard fork is a very positive signal that shows the aptitude to listen to the community and look for the way out during the crisis. 

The fact that Coinbase has added Ethereum to its platform on the level with Bitcoin right after the hard fork is very conspicuous and demonstrates a significant credit of trust to the Vitalik Buterin’s creation.

A bit earlier, in May, the exchange platform added crypto-currency to the trading on GDAX – its other project, which is an online service for professional crypto-currency trading. But adding Ethereum to the general system support on Coinbase is way more important fact, since this platform is oriented to the ordinary crypto-currency user, some of them coming to fulfill their first serious transaction.  

Why such powerful support of the Ethereum exists from the side of Coinbase? In 2012, when the exchange platform started working, there were multiple crypto-currencies, but Coinbase wasn’t interested in them. The project concentrated on the development of service for Bitcoin operations, which would be easy to use by ordinary users and not only those familiar with all nuances of crypto-currency functioning.

It is explained on the blog of Coinbase co-founder Fred Ehrsam. According to his words, Ethereum improves Bitcoin, since its capabilities allow to develop much more complicated and smart applications than Bitcoin. However, the first crypto-currency has passed the long way and now is a kind of safety island in the rough seas of young crypto-currencies. That’s why Coinbase is now concentrating on the support of these two crypto-currencies – stable Bitcoin and perspective Ethereum.