Category Archives: Cryptocurrency & Blockchain

Press Release – Bong Go files Philippine Building Act to ensure safer and more disaster-resilient communities

The “PHILIPPINE BUILDING ACT”
is currently a Bill that when passed into Law, it is set to harmonize all codes for Buildings and Structures including sustainability and environmental protection.

  • National Building Code,
  • National Structural Code,
  • National Fire Code,
  • etc.

https://www.senate.gov.ph/press_release/2020/0107_go1.asp

Why consulting a Civil/Structural Engineer for your Dream Home is important?

Your house may look pretty astonishing from the outside and the inside, but ask yourself the following: Does it built to resist a strong earthquake? Can it withstand a strong typhoon without major damages?

If you’re planning to build your dream home, these questions must be answered prior to construction. Proper consultation to relevant Civil/Structural Engineers is a must. Not only for the reason that is stated in the National Building Code but for the safety of yourself and your family. Otherwise, your dream home can be a potential killer structure in future.

The design process does not only involve beautiful drawings. As such when it was conceptualised and only for presentation purposes. A proper design also involves Structural Analysis whether one story or two storey building no matter how big or small the project is.

Structural Analysis is a key skill defined simply as the determination of the strength and foundation of the whole structure. This branch of science enables Civil Engineers to determine the most economical proportions and dimensions of columns, footings, beams, slabs and other structural elements that could withstand the forces of nature. The purpose of which is to ensure the safety of its residents.

Would you agree that you and your family’s safety should not be compromised? It must be a priority the same as design for safety. Consult a Civil Engineer for the construction of your dream home. It is also equally advisable to consult an Architect for the visual, accessibility, fire rating materials and aesthetic design aspect, but sound structural analysis and building should be the most important which are managed by a qualified Civil/Structural Engineer. It’s not only for legal aspect, but it is also logical and practical in the long term. Have a peace of mind in times of unforseen forces of nature strikes.

What are your thoughts? Comment below.

Photo grab from facebook. Credit to respective owners. No copyright infringement intended.

Now the PHILVOCS posted the following guide on how to know if your home is SAFE.

Pinoy Engineers and Architects working overseas during Covid 19 is a blessing?

Thousands of OFW Engineers and Architects around the world has been significantly affected by the current pandemic brought by COVID-19. A few hundreds has either retrenched or if not experiencing salary cuts or forced unpaid leave since the beginning of lockdowns and stop work orders. Are you one of them?

Very few are considered lucky and only have to take the burden of WFH stressed or anxieties. Some feedbacks gathered like more workloads at hand compared to normal working days prior to the pandemic. But yeah, they are so blessed that their company gives proper and due support to keep them, either moral and/or resources.

When the time comes that we are allowed by authorities to go to work on site this month, it does create excitement at the beginning. Seeing your colleagues again in person after more than 3 months does create a certain positive outlook. But yeah, wearing a mask, social distancing are a must. New PPE protocols has to be followed along with tracing and a lot of safe entry and exit scannings.

Welcome to the NEW NORMAL! COVID-19 prevention programmes has come into place and I guess it will stay for a bit longer. Para sa mga kababayan natin, kailangan natin ang pagsunod sa mga alituntunin at patakaran ng bansa kung saan tayo kumakayod.

What about you? Do you consider yourself lucky with your current work? Share your experience in the comment section below.

Samsung gets Deeper Into Crypto Exploring Blockchain for its Logistics

Samsung Electronics Co. is the latest big name to show a keen interest in the powers of blockchain technology, specifically, how it can be incorporated into their supply chain management processes.

Even though cryptocurrencies may still be getting critiqued, it’s supporting technology is being more readily adopted. The advantages of blockchain such as security and immutability, are major drawcards for companies that rely heavily on record keeping, such as healthcare, finance, and even art.

BLOCKCHAIN TO AID IN SHIPPING

However, it is also a viable option for supply chain management, an option that massive electronics corporation, Samsung, is ready to explore. According to Bloomberg Quint, the company’s logistical and information and technology branch, Samsung SDS CO., could use a blockchain ledger to monitor their billion-dollar global shipments sector.

Song Kwang-woo, the blockchain chief at SDS, touched on how the technology could revolutionize other businesses:

It will have an enormous impact on the supply chains of manufacturing industries. Blockchain is a core platform to fuel our digital transformation.

A COST-EFFECTIVE WAY OF WORKING

A part of this digital transformation is working towards a paperless way of doing business. Not only are physical documents annoying, they’re expensive too. In fact, according to International Business Machines Corp., the documentation costs for container shipments is more than double that of other modes of transportation.

When it comes to Samsung shipments, this equals a substantial amount of money. For this year alone, SDS projects that the company will transport 488,000 tons of air cargo and one million 20-foot-equivalent (TEU) shipping units. The SDS has said that by implementing blockchain technology, the company could save as much as 20% in shipping fees.

It’s not just about saving money though. Blockchain technology could actually impact on overall customer satisfaction. This is because efficiency associated with this technology could mean a shorter time span between product launches and product shipment. Not only will that keep Samsung customers smiling, it will also give the company a competitive edge over their industry rivals.

Cheong Tae-su, who is a professor of industrial engineering at Korea University, explained a bit further:

“It cuts overhead and eliminates bottlenecks. It’s about maximizing supply efficiency and visibility, which translates into greater consumer confidence.”

What’s more, Samsung appears to be going all-in into cryptocurrencies in general as it recently announced manufacturing mining chips. This move that puts them in direct competition with the Taiwan-based company, TSMC, a preferred ASIC chip supplier to Bitmain.

SAMSUNG JOINS AN EVER-GROWING LIST

Samsung isn’t the only global company big on blockchain. Mastercardrecently announced that they will soon be hiring blockchain experts to help drive innovation with regard to payment solutions.

Governments are also realizing its benefits, with China financially contributing towards blockchain-based startups. In addition, the European Union has launched the EU Blockchain Observatory and Forum, which aims to foster blockchain promotion.

The blockchain business is definitely booming. The US-based research company, Gartner, has predicted that the technology will add $176 billion USD worth of value to businesses by 2025. This number is set to increase to over $3 trillion by 2030.

FREE BITCOIN – 100% LEGIT

COLLECT FREE BITCOIN IN ONE PLACE!

  • To register, select one of the faucets below, enter your valid email or Bitcoin wallet address, password and human verification, then click register after you confirm that you accept their terms of service.
  • Same log in details that you will use in your Coinpot account as well.
  • In this example, you register with Bonus Bitcoin, and the moment you click other faucets below like MoonBitcoin, Bitfun and etc, you will automatically logged in and start claiming rewards.
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COINPOT FAUCET GENERAL OVERVIEW:

  • Minimum withdrawal is 10,000 satoshi (No fee in Coinbase, Xapo Wallet) Other Wallet with 1,000 satoshi withdrawal fee.
  • Minimum withdrawal with no fee in all wallet is 50,000 satoshi.
  • 24-48 hours to receive payout. 

 

MY COINPOT ACCOUNT SUMMARY IN JUST 3 DAYS: JANUARY 29-31, 2018

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This is my total balance in my Coinpot account after just 3 days. I am waiting until it reaches 50,000 satoshi before I withdraw and send to my Freebitcoin address, why 50,000 satoshi if the minimum is just 10,000 for withdrawals? If you withdraw 50,000 satoshi from coinpot, there will be no transaction fees. Right now, I am now earning through coinpot faucets everyday.

You must start collecting now your free bitcoin and altcoins thru coinpot before these coins increase more of its value, the higher the value of the coin, the lesser you get along the way for free.

When I started collecting Dogecoin thru coinpot, Dogecoin price was $0.0008 only and right now, check it here for its current price. I am also collecting Free Dogecoin and multiplying my Dogecoin here.

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COINPOT FAUCETS AND THEIR ADVANTAGES

REMINDER:

If you click the ADS in one of the BitFun, BonusBitcoin, Moondogecoin, MoonLitecoin, MoonBitcoin, and decided to invest or join, we are not liable to any risk and loses it may bring, we only promote these Faucet websites for you to claim your Free Bitcoins and other Cryptocurrency coins. 

MOONDASH: REGISTER HERE

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Overview:
Dash is one of the fast growing cryptocurrency, last month its price is just $400 per DASH and right it almost doubled its price, to take advantage, claim your free DASH as often as possible to double the value of what you claim. You can convert your DASH to Bitcoin as well if you want, it is up to you.
Check CoinMarketCap for the real time DASH Value.

MOONBITCOIN: REGISTER HERE

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Overview:
You can collect as much doubled satoshis per claim with their loyalty bonus up to 100% and Mystery Bonus which is random. Your Satoshis are collected thru coinpot, where you can combine your collected bitcoins from other platform like MoonBitcoin and Bitfun. Minimum withdrawal is 10,000 satoshis and no withdrawal fee if you withdraw thru Coinbase wallet.
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Claim everyday at least once so that you can increase your Daily Loyalty bonus. If you skip a day your loyalty bonus will be reset to 0%, As you can see in the photo above I claimed for 3 straight days only, My goal is to maintain within 100 days to collect more every time I claim. In the photo shown above I already claimed at least once a day for 3 days.
YOU CAN EARN UP TO 400% OF SATOSHIS PER CLAIMED.

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Photo credit to BitcoinerPro


YOU CAN ALSO CLAIM OTHER COINS LIKE LITECOIN AND DOGECOIN DAILY.

MOONLITECOIN: REGISTER HERE

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Aside from Bitcoin you can also collect some Alt Coins like LiteCoin, while the LiteCoin price is still low. When the price will goes up you can exchange it to Bitcoin, so take advantage of this time.

Check CoinMarketCap for the real time LiteCoin Value.

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MOONDOGECOIN: REGISTER HERE

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Aside from Bitcoin you can also collect some Alt Coins like DogeCoin, while the DogeCoin price is still low. When the price will goes up you can exchange it to Bitcoin, so take advantage of this time.

Check CoinMarketCap for the real time DogeCoin Value.
Same with Moonbitcoin, if you claim at least once a day, you will increase your claiming rewards up to 400%.

BONUS BITCOIN: REGISTER HERE

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Overview:
More satoshis every 15 mins. you can collect as much 5,000 satoshis per claim. Your Satoshis are collected thru coinpot, where you can combine your collected bitcoins from other platform like MoonBitcoin and Bitfun. Minimum withdrawal is 10,000 satoshis and no withdrawal fee if you withdraw thru Coinbase wallet.
CLAIM DURATION
REFERRAL BONUS
5% DAILY BONUS
Average Claim
15mins.
50% Lifetime
150-300 Satoshis*
40-50 Satoshis**
If you will spend more time with Bonus Bitcoin, you can earn more than I do. As of now my current average is 14 satoshi every 15 minutes. Usually, you can get 500+ satoshi bonus everyday if you maintain 10,000+ satoshi claimed within 72 hours.
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* You can increase your daily bonus if you maintain a number of collected Satoshis in 72 hour period.
**You can choose to claim your average claim or you can choose to claim random amount to earn up to 5,000 satoshis per claim. Recommended to claim average only.

BITFUN: REGISTER HERE

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Overview:
If you are into classic games this is for you, you can collect as much 1,000 satoshis in a day. Your Satoshis are collected thru coinpot, where you can combine your collected bitcoins from other platform like MoonBitcoin and Bonus Bitcoin. Minimum withdrawal is 10,000 satoshis and no withdrawal fee if you withdraw thru Coinbase wallet. Don’t have Coinbase account? Create one here.
CLAIM DURATION
REFERRAL BONUS
DAILY TOTAL CLAIMS
Average Claim
5 mins.
50% Lifetime
1500-3000 Satoshis*
40-50 Satoshis**

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Credit photo to BitcoinerPro

Note:
The advantage of Coinpot is you collect cryptocurrency coins from different faucets and combined your Bitcoins and altcoins to easily manage and withdraw. Unlike other PTC sites, they have high minimum payout and it will take you weeks or even months before you can actually payout. 
Before I tried, other PTC sites, but I concluded it is just a waste of time and I only focus on Coinpot and Freebitcoin only and I get so much result than ever.
The reason why I collect Free bitcoin in Coinpot is simply because I want to deposit them to my FreeBitcoin account to gain more interest and to make it grow even more.

WORLD’S FIRST CRYPTOCURRENCY BANK – Monspace Bank

The world’s first cryptocurrency bank will be launching this first quarter of this year 2018. Monspace group of companies and CEO, Dato Sri Jessy Lai, announced on a live broadcast on social media and facebook last Dec 28, 2017. Monspace Multinational Corporation has more than 20 business entities in more than 8 industries including e-commerce, real estate, telecommunication, agriculture, fashion, food & beverage, entertainment, Aviation, Infocomm Technology, hotel and restaurants, etc. It has more than 18 million members across the globe.

Recently, Monspace just launched their own blockchain technology in cryptocurrency called MSD last October 1, 2017 and now it is listed on the CoinmarketCap.com .

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MONSPACE BANK on it’s final stage to be open first at Hong Kong. Mobile Banking Apps for Android and Apple IOS soon to be launched.

Words from the CEO:
“3 Years ago, we told you Monspace Bank project is announced, 2 years ago we told you Monspace Bank is in progress, and today we tell you that Monspace Bank is in countdown stage!”

Monspace Bank is now in Beta version, it is undergoing testing to prevent from being hacked, and once the testings is over, Monspace Bank will be officially launch and all Monspace family members can start to register and open account! 

Watch the full Monspace Business Perspective 2017 here.

Currently, the value of MSD is fluctuating from $0.008 – $0.016. With the recent announcement of the launching of Monspace Bank wherein, MSD and Electronic Currency will also be accepted in for bank transactions, it will surely attract more investors and more merchants to utilise MSD as mode of payments and investment opportunities. And therefore, it will be a big boost for the uptrend value of MSD.

 

BSP issues advisory on Cryptocurrency

The Bangko Sentral ng Pilipinas has acknowledged the presence and increasing popularity of virtual currencies (VCs) or cryptocurrencies such as Bitcoin. In line with this, they’ve issued an advisory for those who wish to partake in the market or use VCs.

With the issuance of Circular No. 944 dated 6 February 2017, any VC exchanges or businesses engaged in VC trading are required to register with the BSP as remittance and transfer companies. Other than that, they are also requiring these exchanges to have security measures and safeguards to address the risks that come with VC trade. VCs, though, are still not endorsed by the BSP as legal tender, store of value or investment vehicles.

 

The BSP is advising everyone who are tempted to invest in VC to be wary of pyramid schemes disguised as initial coin offerings (ICO) or VC investments and to be cautious when dealing with transactions related to it. Apart from that, they are encouraging to only deal with BSP-registered VC exchanges to minimize risk.

Below is a list of security considerations from the BSP:

  1. Set-up and use a dedicated email account.  Avoid using the same email accounts or username that you have used in public platforms such as social media.
  2. Keep your VC-related email account to yourself.  In any VC transaction, users need their email account and password.  Thus, it is important to secure not only your password but also your email account.
  3. Set a strong password.  Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases).  Avoid re-using the same password for more than one service.
  4. Observe basic internet security.  Exercise caution in accessing your VC wallet especially when using wi-fi connections.  Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails.  At the same time, do not leave your device unattended.
  5. Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider.  VC users should enable, whenever available, MFA options to their VC accounts.  Adding another layer of authentication can provide increased security to your VC account and transactions.
  6. Separate your funds and use cold storage.  VC funds should be separated in two or more digital wallets for transactional purposes.  The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

You can check their full statement here.

source: Bangko Sentral ng Pilipinas
Read more at http://www.yugatech.com/news/bsp-issues-advisory-on-cryptocurrency-use/#obsOaJlvAzUfzBM6.99

Token vs Coin — what’s the difference?

The terms in cryptocurrency ‘coin’ and ‘token’ are often used interchangeably. In practice, there are some differences… a bit.

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Two terms used to describe units of blockchain value are COIN and TOKEN. Their meaning and usage overlaps considerably and they are often used interchangeably, but — strictly speaking, at least — there are some differences.

Function vs form

Very broadly, a crypto coin is just that: a coin, or means of payment, whilst a token has wider functionality.

The express purpose of a coin is to act like money: as a unit of account, store of value and medium of transfer. Coins tend to take the form of native blockchain tokens like bitcoin (BTC), Litecoin (LTC), Monero (XMR), and so on, though they do not have to. ChronoBank’s Labour Hour (LH) tokens, which are hosted on Ethereum, can be considered as coins. Their purpose is solely to act as a form of money, storing value over time and enabling businesses to account and pay for services. They are created as ERC20 tokens for reasons of convenience.

Blockchain tokens do have value, but they cannot be considered money in quite the same way that a straightforward coin can. Tokens are generally hosted on another blockchain, like Ethereum or Waves: 2.0 protocols that allow users to create them using the core coin (e.g. ETH or WAVES — though there’s some debate about whether ETH and WAVES, both of which act like ‘fuel’ for their systems, are coins in the same way that BTC acts as a simple currency).

Tokens offer functionality over and above that of digital cash. They may deliver value to investors, beyond speculative returns; this is one of the purposes of ChronoBank’s TIME token. That can occur in a variety of ways, though typically through buybacks (since dividend payments entail regulatory problems). They may be used to hold votes by the community on key business decisions, or even technical changes to the platform.

Blurred lines

In practice, the line between coins and tokens is not clear and sharp. Both are used to transfer value, as a means of payment, in a similar way to that both USD and shares are used to reward people for work (though predominantly the former). It’s possible to host coins as tokens on 2.0 platforms, as is the case with LH on Ethereum. And the purpose of coins can go beyond simple payments; Crown (CRW), for example, uses batches of 10,000 coins locked in ‘Trons’ — masternodes — as a kind of electoral college for governance votes.

Whilst the language will no doubt continue to evolve with the technology, most people therefore agree on the broad strokes: coin = cash, token = everything else.