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The Coming Banner Exchange

The Banner Program in Relation to our traffic

Design a banner online easily here
https://www.canva.com/
I prefer this one
https://www.bannersnack.com

Markethive has a unique banner proposal. All other Entrepreneur One advantages aside:
(get the full list of Entrepreneur One advantages here:
https://markethive.com/group/marketingdept/blog/the-12-points-of-the-entrepreneur-one-upgrade )

The Banner option will only be available in the Entrepreneur One loyalty program. As we prepare to unveil it, banner advertising will shift from day to day limited to 7 days to banner ad exposures (not clicks).

Your Entrepreneur One account will deliver to you the maximum exposure as X divided by Y. That equates to X= the amount of page views Markethive receives monthly divided by Y the number of Entrepreneur One accounts. When this system is ready to deliver, Entrepreneur One will cut off and no longer be available to new subscribers. Current subscribers to Entrepreneur One will be the only resellers of the Banner option.

Illustration One (Monthly Page Views X and Current E1 subscribers Y) Analytical results of current stats are X = 22 million and Y = 115

That equals 191,130 impressions per Entrepreneur per month. Impressions sell for .01 per on average. That is $1,911.30 per month in Banner value. That is today, right now with current numbers and average cost per impression.

The only way members other than E1 will be able to run premium positioned banners is by bidding for banner impressions from the E1 group resale banner panel.

The Banner resell system and assigned monthly impressions is a permanent benefit of the Entrepreneur One upgrade program, among many other benefits.

Long term projections only make this offer that much more valuable, case in point.

Illustration Two (comparing traffic from top ranked CoinTelegraph) and assuming we sell out at the top threshold 1000 E1 accounts. We project Markethive traffic numbers will reach or exceed CoinTelegraph within 2 years, with over 50 million subscribers and an Alexa ranking under 900. Cointelegraph.com Alexa rank at this writing is 2,384.

This would equate to Markethive’s Monthly Page Views @ 317,384,880 and Current E1 subscribers max limit @ 1000)

That equals 317,384 impressions per Entrepreneur per month. Impressions sell for .01 per on average. That is $3,173.84 per month in Banner value. That is based on the maximum E1 upgrades allowed. I am pretty sure that number of E1s will be much smaller more along the line of 500. Based on 500 the value of impressions per month (634,769.76) would be around $6,347.70 per E1.

How this will be monetized for you. Each E1 banner account will have a store front to sell impressions to Markethive members automatically based on your ask price and/or the buyer’s bid price in an exchange type platform within the Advertising control panel.

This will allow you to sell impressions to members as well as buy or sell impressions to other E1 members. It will operate as an exchange so your impressions are yours to sell at any price you decide to sell them at. It is an exchange, selling impressions for ILPs, MHV coins, Markethive credits or USA.

Entrepreneur One (E1) members receive exclusive banner exchange store fronts to buy, sell and negotiate impressions for the business of banner advertising to Markethive members. This opens up many doors of advantages.

Case in point:

Offsite Reseller systems
Remember this is a win win situation as it both brings you business (revenue) and associate members

  1. Coinbound.io
    Banner Ads can be offered for sale via impressions or terms.


     
  2. Coinzilla.com
    Banner Ads can be offered for sale via impressions or terms.


     
  3. Bitmedia.io
    Banner Ads can be offered for sale via impressions or terms.


     
  4. AdClerks.com
    Monetize unsold space instantly with SwiftAds


     
  5. Adshares.net
    Decentralized Advertising


     
  6. Adsboot.com
    Blockchain Empowered Crypto Ad Network!


     
  7. Adex.network
    AdEx is trust-minimized solution for digital advertising


     
  8. Coinad.com
    Impressions priced banner advertising


     
  9. Btcsurf.io
    The largest Advertising Crypto-community

 

Focusing solely on the Banner aspect of Entrepreneur One (E1) it should be clear to everyone, the simple $100 per month over the lifetime of this upgrade (10 years) can easily return over $350,000. That is a nice return ROI for $100 per month (10 years = $12,000)

This is very limited and once we have the banner ad exchange panel ready to be released, this offer ends.

Whichever comes first, 1000 Entrepreneur One upgrades or the Banner Control Panel release. This offer once acquired is good for life as long as the monthly membership fees are current.

Other upgrades will come, but none of them will compare to the magnitude this offer gives you.

Oh yeah, one more juicy detail, as Markethive subscriptions grow and grow, the demand for Banner ads just internally will be huge and they will only be available from you E1s. Keep that in mind as we approach 5 million, 50 million, 500 million or more.

Next up will be the Press Release system.

This will be included in E1. Allowing you a press release worth 1 Bitcoin per month to sell or use.
Similar type Press release offer from Cointelegraph.com selling for 1 Bitcoin.

Summary

Markethive is making these incredibly financially rewarding offers to you, her early adopters to help you as you help us finance this big project. The potential here is literally billions of profit per month. And you’re invited. Our numbers back this up.

Ready to upgrade? Welcome aboard!
Entrepreneur One Upgrade

Thomas Prendergast
CEOMarkethive.com

TP

ILP projection and explanation

ILP projection and explanation

Many of you have heard of ICOs in regards to upcoming block chain spaces (organizations or businesses as you may call it). It means Initial Coin Offering, and can be compared to an IPO (what a new publically held corporation launched to raise money aka: Initial Publically Offering) both of these are based on risk investment based on speculation of greater growth and trade value.

This is why the SEC came down hard on ICOs, because they are almost identical to an IPO. That being a risk based investment based on speculative assumptions. These assumptions can easily be skewed with false projections and manipulated stock trading, hence, the SEC regulating the industry to prevent the fraud and misdirection and hype.

OK, enough about that. So Markethive founders originated a debt based instrument option, like a convertible note as defined here:

A convertible note is a type of short-term debt financing used in early-stage capital raises. In simplest terms, convertible notes are loans to early-stage start-up’s from investors who are expecting to be paid back when their note comes due. … In another way, you can think of a convertible note like an IOU.

The Incentivized Loan Program (ILP)

The Markethive ILP represents 1 share of 20% of Markethive’s net revenue. Net revenue is defined as:

Net revenue is calculated by subtracting cost of sales, including cost of goods sold, estimated returns or any allowances from gross revenue. … Gross is the total revenue you have earned for that period. Net revenue is what's left when all the costs have been taken out.

We are targeting to distribute less than 1000 ILPs. But for the purpose of this illustrated article, we will assume we have delivered 1000 ILPs. ILPs can be broken into fractions thereof down to 1/1000 of an ILP. We will be building a dedicated internal ILP Markethive exchange where Markethive members can buy and sell their ILPs or fractions of their ILPs.

To really understand how and what these ILPs represent, I explain that there is Gold and then there are oil wells (nodding donkeys).


Gold is held as a store of wealth and over time it rises in value.

(Altcoins like Bitcoin or MHV coin is a better option today).

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Oil Wells produce about 10 gallons crude oil an hour. 
At today’s prices a barrel of oil is selling on the market at $55 per barrel. That makes an oil well potential around $9,500 per month. I would opt for Oil Wells way over Gold bars. 

ILPs are likening to the oil well. And here is a solid projected illustration of the Markethive ILPs based on existing growth metrics, similar company’s data and our projections of growth. 

Martkethive has been in operational beta since June 2015. Since that time we have tracked 5 unique trends:
Alexa, Milestones, Membership, Revenue, New Signups and Transaction.

We have hit every milestone and our traction is increasing exponentially.

LinkedIn can be considered one of the closest, and targeted social networked competitors to Markethive. Considering LinkedIn has over 575 million active subscribers throughout the world: The top 3 being (1) The United States (2) India and (3) China representing over 70% of the market.

image and data from research site Kinsta (August 2019) https://kinsta.com/blog/linkedin-statistics/

LinkedIn achieves a 39% upgrade to their loyalty plans. These plans offer nothing more than greater and deeper access into the data of other members, visitors, searches and 3+ levels deep messaging.


image and data from research site Kinsta (August 2019) https://kinsta.com/blog/linkedin-statistics/

Based on these facts, and our data of growth as well as continued development and achieving our milestones over  the past 4 years, the following speculation is backed up by real numbers and solid trends.

We are super confident we will exceed 5 million members in 2 years. In fact we are confident; we can attain 50 million members. Based on these numbers, we can expect the following growth:

10% of our 5 million members upgrading to one of our loyalty programs, (Entrepreneur One*, Two, etc.) at $100 per month would equate a monthly income of $50 million per month. 20% of that (after net revenue) would approximate to $10 million per month. Now divided by 1000 ILP shares, would represent a monthly projected revenue of $10,000 per month (as the company grows the revenue will reflect that growth) for a projected duration of 20 years before the loan becomes due (balloon payment). ILPs are now listed at $100,000 per ILP. When we first offered ILPs they were listed at $10,000, but as ILPs have been acquired and Markethive gets closer to exponential growth, the value of ILPs will continue to increase.

What if we reach 50 million and beyond subscribers? 

A similar scenario as LinkedIn with 575 million and a 39% loyalty program upgrade would produce the following results with a Markethive ILP.

575 million members with a 39% upgrade would yield 225 million upgraded members paying $100 per month would result in $2.2 billion in revenue, per month. 20% of that would yield $440 million. Divide that by the max 1000 ILPs for a sum of $444,000 per month. 

Now you understand why we call the ILP an oil well. 

How do you get your share of ILPs? I mean if you want to acquire and own your share of them.

You can wait for the ILP exchange to be completed and the Markethive wallet in place and then buy ILPs or shares from other members in the exchange.

Or…

You can purchase ILP shares or partial shares from us (Markethive) directly. We sell full shares and fractions there of as small as 1/100th for $1000.

Or… 

You can upgrade to Entrepreneur One and receive a 1/10th share every year for up to 10 years, that works out to $1,200 a year and receive a 1/10th share. Considering the above article, that is a deal that is not going to last forever. And once you have an Entrepreneur One account and stay current, you keep that account as long as you want.

There are scores of other huge advantages to an Entrepreneur One account and I suggest you make yourself aware of them. We are in Beta and start up and the advantages you get today will not last long.

Go see what else Entrepreneur One gives you.

https://markethive.com/group/marketingdept/blog/the-12-points-of-the-entrepreneur-one-upgrade

Then there is one more way to acquire an ILP or share of one, “Our contests”. These contests are announced and fulfilled in our live webinars on Sunday. 

This means to know about these contests and to win, you must be present. In fact tomorrow a huge contest will be announced. And it is an easter egg hunt. 

Thomas Prendergast
CEO
Markethive.com

 

 

 

 

 

TP

Doing What You Want With Your Money Is a Fundamental Right

Doing What You Want With Your Money Is a Fundamental Right

Since the birth of Bitcoin, crusaders fighting for the separation of money and state discovered a new payment tool that bypasses the nation state’s control over the monetary system. For over ten years now, lots of people have been using digital currencies to hide from prying eyes of governments in order to free themselves from a system that contributes to insanity.

The Separation of Church and State Has Proved Humans Can Remove the Monetary System From State Control

It can take years, decades, and even centuries for humans to realize certain concepts used within society are immoral. Things like genocide, chattel slavery, and religious persecution have all been deemed unethical. Over the last century, throughout a great majority of countries worldwide, the separation of church and state has become the norm. The concept of the separation of church and state started during the Saint Augustine of Hippo era (between 354 – 430 AD). Augustine discussed the subject in the book called “The City of God,” in Chapter 17, and defined the proper roles of religion and country. All the way up until medieval times, most leaders of nations states were kings and were appointed by the church to rule because of an idea called divine right. Things really started heating up in the Western Hemisphere, when citizens from England wanted to escape the church’s state-dominated rule by fleeing to the colonies located in the U.S.


John Locke was one of the first to introduce the “enlightenment era” which involved individual sovereign rights and the separation of church and state.

During this period (the 1600s–1720) the political philosopher John Lockeestablished the “enlightenment era,” which initiated the idea of separating church and state as well as other individualist ideas. Other well known philosophers like Montesquieu and Pierre Bayle also argued for separation of the two entities. Locke’s writings about the social contract and sovereign rights declared that nation states do not have the authority over an individual’s conscience and therefore forcing them to follow a certain religion is immoral. Locke’s views became a primer for the American revolution and his literature helped form the U.S. Constitution. The third President of the United States, Thomas Jefferson, wrote many articles on the free exercise clause and he was quoted for coining the phrase “building a wall of separation between church and state.”

“I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should ‘make no law respecting an establishment of religion, or prohibiting the free exercise thereof, thus building a wall of separation between church and state,” Jefferson wrote in 1802.


Many economists and scholars worldwide believe the state’s interference with money is the main reason the current monetary system is a failure.

Cryptocurrencies Are Priming a New Enlightenment Era

Well before Satoshi Nakamoto unleashed the Bitcoin network, individuals have been pushing for the separation of money and state. Austrian economists and libertarian philosophers believe that money deserves to be privatized and removed from the surveillance of the nation states. There are a great number of reasons why money needs to be depoliticized, and most of the citizens from nearly every country are aware that something is wrong.

This is why the inflation rate in Venezuela is one of the worst cases of hyperinflation in modern history, at 10 million percent. It’s why huge Occupy Wall Street protests were staged worldwide in 2012 after the 2008 recession, and why the French recently protested in Paris. Governments and the central banks, controlled by a small group of people, have created a system so manipulated that 1% of the world’s population controls most of the wealth, land, and commodities. The collusive arrangement between the bureaucrats and banks is allowed because the citizens are told these entities work for the common good of man. However, the central banks and politicians are the ones who have funded decades of war, financial sanctions against peaceful people, pollution, and the growing police and surveillance state.


Because bankers are extremely close with the political oligarchy, no banker has been jailed for severe and systematic financial crimes. But bureaucrats have no issues with arresting thousands of peaceful people for using marijuana or spending their money privately.

Over the years there have been multiple methods of bypassing the state’s dominant control over money, but some people have been threatened and even caged for trying to use a new money system. For instance, Bernard von NotHaus was arrested in 2007 for creating the Liberty Dollar, a private currency that was issued in minted metal rounds. The U.S. government then warned the public that the people could not issue metal coins that resembled the coins of the United States or of foreign countries.


Bernard von NotHaus is well known for creating the Liberty Dollar and being arrested for creating a private currency that competed with the U.S. dollar. Liberty Dollars were also represented by paper notes as well.

During this same time frame, the cypherpunks were busy discussing and producing different forms of electronic currencies to be used on the internet. The following year, after von NotHaus was arrested, the global economy imploded and bureaucrats rushed to bail out the banks. While things seemed extremely dismal, on January 3rd, 2009, Satoshi Nakamoto unleashed a new payment tool that could help bolster monetary freedom and separate money from the claws of the state. The software’s genesis block is a testament to this goal as the embedded metadata reads:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

Global Citizens Have Realized the Monetary System Is Unethical, But as With the Church, Governments Will Encroach Until They Are Removed From the Process

Satoshi never commented on why he chose to add this message, but the headline stems from the January 3rd, 2009 edition of The Times. The newspaper detailed how British politicians told citizens that they would bail out the banks in order to stimulate the economy. Despite the protests in major cities across the U.S. and U.K., the biggest central banks bailed out the financial institutions with taxpayers’ money. More than ten years later after a bunch of quantitative easing (QE) and manipulating interest rates, the world’s bureaucrats and central planners have failed again. Economists are worried that there’s an impending recession on the way in 2019, and some expect it to be worse than the 2008 crisis. Thankfully, Nakamoto’s vision and subsequent technology have spurred another avenue for peaceful individuals and organizations to escape the threats of monetary control.


One optimistic thing about the creation of Bitcoin is that ever since it was introduced, people are not being thrown in a cage, like Bernard von NotHaus for creating their own currency. There are now 2,000+ cryptocurrencies competing and anyone can participate.

Cryptocurrencies are another opportunity to participate in the counter economy just like using methods of barter and trade, and the use of alternative currencies not controlled by nation states. Since the separation of church and state has become the norm, digital currency proponents think that money and payment tools are also tethered tightly to the conceptions of identity and self. This means no one should tell you how to spend your money, no one should be able to monitor your use of funds, and no one should throw you in a cage because you want to keep your financial transactions private. Humans should be able to do whatever they want with their money and cryptocurrencies allow for them to do this in a permissionless manner. In 2019, residents of planet earth should at least understand by now that the separation of money and state should be a fundamental right in the same way spirituality should be chosen or not chosen freely by a sovereign individual.


Using cryptocurrencies like bitcoin cash (BCH) can help people avoid the state and remove themselves from the manipulated monetary system.

The problem is the nation states and the banking cartel understand that if you remove money from the state’s control, then their power becomes extremely weak. Without being able to steal from the population, governments wouldn’t last very long and the market would quickly realize that they would rather pay for competitive goods and services, instead of supporting failing monopolies. Bitcoin and cryptocurrencies give humans a tool that promotes the idea of being independent and free from the subjection of political power over money and monetary choices.

Using cryptocurrencies and alternative payment tools to bypass the state is a fundamental right and people should continue to fight to remove the monetary system from the state’s control. Money needs to be protected from government encroachment so free-markets can flourish. Some people may never use digital currencies to circumvent the state, but over the last ten years, there’s a growing number of people using these tools for that very reason. Someday, if all goes well, humans may see true free market concepts bolstered by cryptocurrency solutions that will galvanize a network of free and voluntary exchange.

What do you think about the separation of money and state being bolstered by cryptocurrency solutions? Let us know what you think about this subject in the comments section below.

by Jamie Redman

TP

Self Fulfilling Prophecy

Self Fulfilling Prophecy

First off, why did I call this "Self Fulfilling Prophecy?" I don't know. Call it a Holy Spirit thing. Intuition? Honestly, I was told to call this article that, but it has nothing to do with that, really. It has to do with Markethive going viral, exponential growth. And my call out to you to be part of this amazing venture.

I also have to say, I love Markethive, I mean I really love this system, I am passionate about it. It is my life's work, my calling and I know many of you feel the same way. I am humbled the Lord has called me to build it. So there, now you know. OK here is the article I have spent a week writing.

Nice illustration huh? Again doesn't have a lot to do with this article, but then again it does. While writing this article I have also been completing our Pitch Deck, Financials and Business Plan. I have made a ton of Infographics like this as well. All in preperation for Markethive going viral, gaining perspective and acquiring. We are now gaining interest from Angel Investors. We are on our way. So here is the article.

I am calling upon all of you to help propel Markethive exponentially. There are 3 things we need you to do and I am asking you to do this so, I can leverage your assistance to turn Markethive into one giant Entrepreneurial Ecocenter driving huge results, results that will reward every single one of you.

  1. Acquire the Alexa Browser Exchange and log into Markethive every day and post, comment, blog, and register your social accounts.
     
  2. Make referring 3+ new subscribers to Markethive a daily commitment.
     
  3. Upgrade to Entrepreneur.  As of this notice, Entrepreneur is now classified Entrepreneur One. Explanation to follow.

Primary Mission: More Customers and More Revenue for you with Markethive
Markethive is a Commerce Platform (look for the coming Store Fronts), an Inbound Marketing platform (nearly identical to Marketo) that recently sold to Adobe for 4.75 billion, an integrated social community (navigation familiar to Facebook and LinkedIn), and a Digital Media Network (like Western Journal, Cointelegraph,  Mashable and Techcrunch) all integrated and fully operational right now.

Alexa Ranking. Credible Traffic 3rd party confirmation:
To help build a solid ecocenter for the entrepreneurs, being able to publically display our traffic with a 3rd party is necessary to establish Markethive’s credibility.  Each member can assist us by installing the free browser extension from Alexa @ https://www.alexa.com/toolbar. We are now approaching 100,000 unique daily visitors. Our internal tracking, Alexa and WorthofWeb all confirm this. These numbers are critical to establish our rates for members to pay for our advertising and marketing services.  Allowing us to reference similar digital media networks like AMBCrypto and Blockonomi .

  1. AMBCrypto Alexa 23,841 : Price: $5,500
    https://coinbound.io/buy/ambcrypto-banner-ad-top-content/
     
  2. Blockonomi Alexa: 54,230 Price:$1,850
    https://coinbound.io/buy/blockonomi-banner-ad/

Therefore it is to all of ours focus and recognition is that traffic and credibility are the key aspect of our strategy and you can help. BTW: As we continue to develop Markethive’s “Infinity Bounties” Markethive will eventually recognize your Alexa browser extension as you login and give you additional ranking, bounty and advantages in the “Infinity Bounty” program. The core of Infinity Bounties is you registering your social accounts with Markethive and then following Markethive’s social networks. Doing this increases your earnings in the faucet system. There is more to it as well, but that is the foundation of this service, now….

Refer 3 to activate your faucets
Markethive requires you to refer at least 3 people to activate some of our services, particularly the Faucet and the Hive Ranking. The Faucet system is a micropayment system that all Markethive usage like posting, commenting, blogging, emailing, etc. pays you in MHV coin for your activities and other members activity in reaction to your activity (blog swiping, blog subscribing, tipping, etc.). The Hive Ranking rates your activity and popularity and the higher your rank the greater your faucet earnings. So the more you use Markethive and produce quality content the more you make in MHV coins which have value that can be used for Markethive services, exchanged for Bitcoin, sold for fiat, or used at other 3rd party systems, stores and services.

Entrepreneur One Upgrade
The current Entrepreneur Upgrade is the premium highest level you will ever have the opportunity to acquire. It contains all the leveraged advantages you need to accelerate your success in Markethive:

  1. Associates Control Panel: Gain full data, their social networks, verified phone and text, verified email and a contact management system that tracks data, stores dated notes, sends messaging and calendars events reminding actions on your Markethive calendar like call backs, email, etc. with the Associates Control Panel (Part of your Friends section)
     
  2. Primary Matching Airdrop Bonus: Receive 100% matching bonus from the new registration airdrops. This can be a significant reward for those that aggressively build “associates” the term used for the leads, Markethive provides (profile page and default capture page). Our first infinity airdrop will be 500 coins, and it doesn’t take a lot of effort to offer a system as powerful and valuable as the Markethive system that also rewards new members with an immediate 500 coin reward. You can easily promote this and build 1000s of referrals that will add up to significant coins and customers.
     
  3. Secondary Matching Airdrop Bonus: When your associate customer upgrades to Entrepreneur, we airdrop them 100 coins and you will also receive 100 coins as a matching bonus.
     
  4. Matching ILP Loyalty Program:  You also get an equal ILP share after 12 months of continuity with the Entrepreneur program. This is only available for the first 1000 Entrepreneur upgrades. What that means….Liken to an ICO, your monthly payment is accrued and if you stay current for 12 straight months, we contribute to you a full 10% ILP and continue to offer this 12 month reward for 10 years or your stop payment. This offer is limited to the first 1000 active upgrades.
     
  5. Banner Ad Program: You also get unlimited 1st level Banner advertisement in all of our traffic portals and Internet properties. This offer is incredibly valuable. Markethive properties are already receiving significant traffic and as we grow, this traffic is included with this Entrepreneur upgrade.
     
  6. Press Release Program: Markethive will also be delivering a Press Release system as a hybrid liken to PRNewswire (traditional distribution) to  include Forbes, Yahoo! Finance, CNNMoney, MarketWatch, TheStreet.com, Bizjournals.com, Business.com ,  Wired, Tech Crunch, Engadget, Computerworld, CNET News, InformationWeek, R&D Magazine and more in the Tech industry.  Our Media List will be greater than 4000 media organizations, journalists, reporters, bloggers, producers, freelance writers and editors across print, online, blogs, radio and television.

     It will also publish to our growing social network followers (40,000 and growing via MH subscribers) and our growing members WordPress blogs (about 3000 and growing with MH members). When Markethive reaches 1 million members our Social Following is projected to be at (700,000 – 2 million followers total) and about 150,000 WordPress sites. These WordPress sites will be mini news media and vertical news media like http://aimhigh.news along with publication to Markethive’s portfolio of sites like https://Markethive.com , https://Markethive.net ,  http://allaboutco.in, http://aboutbitco.in , and http://aboutco.in .

    Cointelegraph, a vertical tech news media organization, which charges about $8,500 per release with an Alexa rank (2,646) social followers (1.3 million) and 16,000 subscribers justifies their price. Markethive’s press release will be priced accordingly and increase as our subscribers reach grows.  The second biggest digital news media site to Cointelegraph is CNN with an Alexa rank (10,899) charges $1800 and only posts to their main site front page.

    The Entrepreneur One Upgrade will include one Press Release per month for life as long as your Entrepreneur One Upgrade remains active and current. This does not accumulate. Additional Press releases will be discounted.
     

  7. Sponsored Article Program: Sponsored content is a piece of brand journalism that lives on a publisher’s website. It’s usually written by the publisher’s staff so the article matches the tone and voice of rest of their content.  Sponsored article are published to the same distribution Markethive articles are published on plus, notification of articles is sent to our social network, and the 1000s of connected WordPress sites. Sponsored articles run from high end media sites like Cointelegraph for $7500 to an average of $1200 for most other media systems in the general markets.
     
  8. Co-Op Customer Acquisition Program: Markethive strategic campaigns will designate %60 to %80 of our revenue into Marketing and Advertising campaigns.  These campaigns will point to Markethive assets like:
    Markethive.com
    Markethive.net
    Aboutco.in
    Allaboutco.in
    Aboutbitco.in
    Ewav.net
    Iwav.net

    Traditional Customer Co-Op programs charge $50 to $100 per customer. Cooperative marketing programs foster teamwork between a brand (Markethive) and its channel partners (Markethive Subscribers). Channel partners often don’t have large marketing departments.  Markethive is more equipped to create professional advertisements and deal with media placement. Markethive Entrepreneur Upgrade subscribers create the demand and. Co-op marketing programs take advantage of the sale channel’s local presence. This benefits both the partner and the brand.
     

  9. Commerce Portals: To sell on our commerce portals, like Big Kahuna (A website builder like WIX), Beelancers (A freelancer service like Freelancers), Markethive Exchange (A full service crypto exchange like https://idex.market/) you must be an active Entrepreneur One Upgrade to sell or trade. This eliminates processing fees and commissions like found on Freelancers, Upwork, Guru,  etc.  Buyers have no obligation other than free registration with Markethive.  This change in services where it is traditional to be constrained into the platform and pay high processing fees and commissions is eliminated with the Markethive Entrepreneur Upgrade system.
     
  10. Crowd Funding Portal: If Markethive engages (likely we will) with a crowd funding campaign, promoted to top crowd funding systems like ICOranker, ICObench, Tokentops, Airdrops.io and Cryptoslate.com etc. We will be sharing the campaign traffic via all Entrepreneurs through our crowd funding portal @ Markethive.io and giving all Entrepreneur Upgrades their own self replicated portal to help in the campaign. These portals will earn equal matching shadow shares if they bring in new ILP purchases and will also be traffic portals earning new members as well.

So I have to ask, what are you waiting for? And now a word (audio) from the CEO

Thomas Prendergast
CEO
Markethive

TP

Company Aims To Become ‘Amazon Of Sharing Economy’ With Blockchain App

Company Aims To Become ‘Amazon Of Sharing Economy’ With Blockchain App

A company is building a Blockchain-based system

to eliminate fragmentation in the sharing economy – and creating a single app that gives users access to “any available asset they wish to rent, borrow or share.” ShareRing claims the current market is extremely inconvenient for consumers. Although thousands of companies exist, many of them are specialized in one particular niche, such as caravans or office space. This forces users to go through the arduous process of registering multiple accounts – and, given the fact that some of these small businesses only operate in a heavily localized area, there’s no guarantee that the items they need to borrow will be available where they live.

The Australian company has the goal of becoming the “Amazon of the sharing economy,” enabling users to lease “assets” from a broad range of categories through a single smartphone app. They would be connected to individuals nearby who have items they are willing to share, while rental companies would be able to develop their own “mini” app within ShareRing to reach greater numbers of prospective customers. ShareRing is already exploring deals with big brands, and the latest partnerships will be announced on its website.

In its white paper, the company lists areas where its technology could prove useful. Some examples include renting cars, trucks and trailers, as well as booking delivery drivers, sharing gardens, swapping books, co-housing, car sharing and social dining. ShareRing’s Blockchain platform, known as ShareLedger, is already in development. “Highly customizable” smart contracts will be used to complete transactions, with the company stressing that typical users are not going to require advanced technical knowledge in order to use the platform.

“Taking things to the next level”

The team behind ShareRing already have experience in this industry after starting the vehicle-sharing brand Keaz in the middle of 2013. Offering solutions for both corporate users and consumers, the company now has offices in five countries – and its main technology, KeazACCESS, was launched in May 2015. Executives say they have “decided to take things to the next level” through Blockchain because a company is yet to help this industry achieve its full potential. Their white paper argues that most people are even unable to name five businesses operating within the sharing economy – and the two examples most commonly used as answers, Airbnb and Uber, only cover two types of assets available to the public.

ShareLedger is also going to feature a dual token mechanism. Whereas SharePay is the currency that customers will use to rent assets, ShareToken allows providers to pay for access to the Blockchain. All users will be able to access their balances for these tokens in a lightweight wallet accessible from PCs and smartphones. “Small transaction fees” are charged to providers who use ShareRing. There are one-off charges whenever individuals or businesses add an asset to the platform. Providers are also charged if “attributes” need to be added, allowing extra bits of information such as a Vehicle Identification Number to be linked to the asset. Finally, they will pay a fee every time their asset is rented out to a ShareRing user.

Growing the ecosystem

At the heart of ShareRing’s system will be a “clever, integrated app” which uses geolocation to show users which services are available nearby – and within two years, the company hopes that up to 1 mln assets will be available to share around the world. Its Blockchain system will be publicly available by Sept. 2018, and KeazACCESS will be the first “client” integrated into ShareLedger. ShareRing’s token sharing event is set to take place in May, with the company planning to run token hunts and several other competitions to spread the word and raise awareness of the project.

Chuck Reynolds


Marketing Dept
Contributor

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Vexanium, a Marketing Platform To Benefit Both Retailers and Users

Vexanium, a Marketing Platform To Benefit Both Retailers and Users

—SINGAPORE, April 11, 2018

An innovative decentralized marketing ecosystem called VEXANIUM, which helps to cut costs and improve efficiency and transparency for commercial businesses, is being launched by Danny Baskara and team. The blockchain based ecosystem which VEXANIUM creates will solve the major pain points that this industry faces today. The VEXANIUM platform will also naturally serve existing blockchain businesses in their user acquisition, activation and retention. This makes it attractive for both businessmen, crypto-enthusiasts and ordinary users.

In Asia, a majority of retailers use online promo marketing platforms such as Groupon, Dianping or Meituan to win new customers. Promo marketing strategies rely heavily on campaigns on these platforms which provide substantial traffic and sales. These platforms charge an average of 15% – 20% in commission per transaction through a CPA (Cost Per Acquisition) or CPS (Cost Per Sale) structure. An increasing number of retailers struggle because these commissions together with the discounts offered represent too high a proportion of their margins. To protect margins, retailers often end up giving lackluster promotions that are either unattractive or with unrealistic terms. Meanwhile, customers are often frustrated when trying to utilize a voucher or redeem their gift cards and coupons. Common difficulties include using vouchers that have already been utilized, expired, are lost or with unreasonable T&C requirements.

“By using the VEXANIUM platform, companies can create points in loyalty program applications in the form of digital tokens, "said Danny Baskara. "Typically such incentives are rewards to customers in Cost Per Acquisition (CPA) activity. The tokens can also be converted into coupons or points that can be used in corporate applications, " A study conducted by GfK concluded that 49% of consumers would gladly switch brands for savings in the form of a coupon. In the retail market, South-East Asia and Indonesia, in particular, are some of the fastest growing markets globally, with the latter boasting a population of over 260 million people. The importance of vouchers and coupons for retailers to attract new customers in those regions is significant.

VEX token will be listed on Tokenomy upon launching of the platform. Partnering with fIndodax.com (former bitcoin.co.id), the biggest digital asset exchange in Southeast Asia, Tokenomy helps VEX access to 1,000,000+ potential investors and traders. The VEX app features an integration with selected crypto exchanges in order to allow users to directly trade their VEX token balance on the exchange. Also, the VEX Exchange will allow consumers to trade vouchers among themselves and set their own prices. Customers will be able to store and redeem their voucher tokens via VEXANIUM app.

One game-changing use case of the VEX Platform is the lucrative “airdrop” market, which will allow blockchain companies to create airdrop campaigns for acquiring new customers and rewarding existing ones, using the VEX token. "For companies that want to take advantage of the VEXANIUM platform and want to create digital tokens on their applications are required to purchase a large number of VEXANIUM digital tokens, VEX, because each transaction is using the token, included in transaction fees," Danny states. This will be facilitated via the VEX web and mobile apps.

In an exciting move,  the VEXANIUM marketplace plans to be fully functional and open to merchants and individual users in Indonesia by Q4 2018. VEXANIUM will complete the establishment of the ecosystem by launching VEXchange and VEXplorer by Q2 2019. Merchants and enterprise users can create voucher tokens and start their marketing campaigns all seamlessly via the one-stop mobile app. VEXANIUM founder and CEO Danny Baskara previously built and sold Indonesia’s largest voucher and couponing platform Evoucher, which was with more than 2 million active users. After 7 years of building Evoucher, the founders realized that the blockchain can solve the fundamental problems of this industry. The idea for the VEXANIUM ecosystem was born.

VEXANIUM will revolutionize this space by bringing the voucher and couponing industry on-chain. The immutability, liquidity and decentralized nature of VEXANIUM will revolutionize this market while introducing a whole new wave of retailers and users to the blockchain era. A number of angel investors are already backing VEXANIUM, such as Marcus Yeung, founder and CEO of SEAbridge, and Joseph Aditya,  CEO of Ralali, the largest B2B marketplace portal in Indonesia. VEXANIUM VEX token pre-sale starts on April 14th, 2018.

Chuck Reynolds


Marketing Dept
Contributor

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Bitcoin Price: Experts Weigh in on Cryptocurrency Price Recovery Amidst Institutional Interest

Bitcoin Price: Experts Weigh in on Cryptocurrency Price Recovery Amidst Institutional Interest

Bitcoin looks like it will end the week with a 15% price increase

and all but four of the top 100 cryptocurrencies by market capitalization are still showing green. Investors are demonstrating increased confidence illustrated by trading volumes. Experts have shared their predictions and explanations for the increase, which may well indicate a recovery for the cryptocurrency market after months of trepidation. Thursday’s sudden price increase for Bitcoin is the result of what experts term a “short squeeze” and it sparked a frenzy of activity in the charts.

“This is what’s known in the markets as a short squeeze. When a lot of people are short on heavy leverage, a small movement up can trigger someone’s stop-loss,” said Mati Greenspan, Senior Market Analyst at eToro. “Keep in mind that when a short position gets closed it actually creates a buy order. After a prolonged period of moving within the range, stop losses start to pile up. And so, even a small movement in the market can trigger a chain reaction of stop losses all at once and lead to a breakout on the charts.”

The orange and blue dotted lines represent the tight range, between $6500 and $7500, that bitcoin has been trading in for the

past two weeks.

“We would normally look for a test of the blue line before moving forward. However, should the excitement start to come back into this market, it might not need to.” Said Greenspan. “The ratio of short margin trades versus longs has been increasing recently,” said Nick Kirk, quantitative developer and data scientist at Cypher Capital. “Buying volume ticked up today and a lot of these short trades got liquidated, helping fuel the rally.”

In an earlier interview with Bloomberg on April 11th, 2018, Greenspan predicted that Wall Street was “building bridges” and would “at least even things out” in the cryptocurrency markets by injecting new liquidity.

On April 6th, 2018, news broke that hedge fund legend George Soros might begin to invest in cryptocurrencies. According to reports, Adam Fisher, head of macro investing for Soros Fund Management received internal approval to trade cryptocurrencies. Hedge Fund Research indicates the average return on funds that started investing in cryptocurrency at the beginning of 2017 is 2,908%, compared to 9% gains for traditional hedge funds over the same period. On April 10th, 2018, Venrock, the Rockefeller family’s venture capital businesses announced a partnership with cryptocurrency investor group

CoinFund.

“We wanted to partner with this team that has been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects,” said Venrock partner David Pakman

The Rockefeller family has an estimated net worth of over $1 trillion, with Venrock reportedly holding $2.6 billion in managed assets. Venrock made significant gains with early investments in Intel and

Apple.

“There are a lot of crypto traders in the market,” continued Pakman. “There are a lot of cryptocurrency hedge funds. This is different. To us, it looks a little bit more like venture capital.”

There are also disputed rumours that the Rothschild family now hold cryptocurrency related investments. Commenting to Bloomberg, leading Wall Street strategist Tom Lee describes Bitcoin’s sudden price hike

as “overdue”.

“We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year,” said Fundstrat co-founder Lee.

It’s not just Bitcoin that is seeing health price increases. Only a handful of coins in the top 100 are still showing declining prices. A number of coins have 24-hour average price increases of 20% and more. Ripple (XRP), with the third largest market capitalization after Bitcoin and Ethereum, is currently trading at $0.67 after a 21% increase. This is directly compared to a current rate increase of 5% for Bitcoin today. Ripple’s increase is likely fuelled by the announcement that Santander is launching an international payments service “OnePay FX” based on Ripple’s xCurrent blockchain technology. With the move, Santander becomes the first bank to offer a blockchain-based international payments service across a number of countries

at the same time.

“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally – offering value, transparency, and the trust and service customers expect from a bank like Santander.”

Other notable price increases include IOTA (MIOTA), currently 10th by market capitalization at 21%, NEM (XEM) at 17% and Vitalik Buterin backed OmiseGO at 18%.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

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Realities That Will Rock The World Of Marketing In 2018

Realities That Will Rock The World Of Marketing In 2018

The digital marketing industry shows few signs of slowing down

as brands continue to adjust to the pace of change in data, technology and measurement. As marketing shifts away from the classic model of mindless spending, there are new opportunities and emerging technologies that can better trace the correlation between spending and engagement with prospective customers. From fake news to Facebook algorithms to Google and other tech giants changing the game, the industry landscape continues to force brands to adapt to new consumer behaviors and innovate to get the win. Based on my experience as the CEO of a digital marketing agency, here are four realities that I see shifting the world of marketing this year.

Every aspect of marketing is in the midst of an automation transformation.

Technology has introduced new kinds of marketing tools that take the guesswork out of advertising. For some firms, this has been a game changer, and for others, it has been a death sentence. Driven by emerging technologies, analytics and better data, marketing plans are shifting every day to match media consumption changes and platform updates. Yet, one of the biggest opportunities out of the digital transformation in marketing is reimagining the strategy in itself. Brands need to evolve their thinking to a process that observes the behavior of consumers through unique customer journeys and optimize efforts accordingly. Gone are the days when marketers can look at the last click in the funnel and make campaign-based decisions.

Digital transformation is not as straightforward as a one-touch fix. To deliver consumers a personalized marketing experience, brands need better control over their channels and performance. The rise of machine learning and automation has given way to incredible platforms for attribution modeling and optimization. By using these technologies, marketers can now track and measure their interaction with customers across all mediums to see where their ad spend is most effective and how customers are receiving and interacting with their marketing message.

Marketers must mine the endless mounds of data.

Across the board, companies increasingly understand that a “one-size-fits-all” approach to marketing can’t win anymore. Brands will be connecting with consumers in a more innovative, data-driven environment — especially in retail — by tapping into marketing technology platforms for better insights into consumer buying habits. Those brands with campaigns that are data-driven with location intelligence and analytics are more apt for stronger data and greater personalization. In this strategically intricate dance, consumers will be continuously touched by brand messaging, experiences and influencers that, when optimally layered together, drive better results.

Besides easing operational processes and increasing efficiency, marketers must leverage the potential of artificial intelligence-driven tools to power through data and effectively engage with their customers — and with better success after every instance. AI can also help identify the best engagement points in the buying journey. Innovations in AI like chatbots and augmented/virtual reality are changing the way brands plan campaigns, envision touchpoints and enhance customer experiences, all while generating actionable data insights throughout the process.

The power of search has voice.

Last year marked a huge shift in the power of voice in search marketing. If consumer brands haven’t gotten on board with SEO strategies catered to voice search, they need to get in the game before it’s too late. Google insights reveal that, on a daily basis, more than half of American teenagers and 41% of adults are talking to their phones via voice search. Amazon is said to have sold more than 20 million Echo units to date, with Google Home gaining ground and taking up to 24% of market share since it entered the game in 2015. By 2020, ComScore predicts voice search could account for up to half of all queries. This trend has been happening in the SEO world for some time, and with the growing appetite for search bots (i.e., Alexa, Cortana), the transition to a voice-search world is progressing every day.

SEO marketers should make note of this, given that optimizing for voice search requires different tactics compared to the traditional method and having insight into this new normal could help brands provide better customer experience. Optimizing for voice search technology allows for marketers to create more conversational campaigns and provides a natural way for people to interact with brands. Voice search will continue to explode as more predictive machine learning technologies advance this particular AI evolution. Looking forward, the voice search market is wide open and it’s possible that the strongest user group hasn’t even been born.

Content transformation will be king.

By 2021, an eMarketer report (registration required) predicts there will be more than 2.7 billion people around the world using mobile phones, with more than 87% of those using smartphones for internet access. The report also described the dominance of tech titans Google and Facebook in the U.S. digital ad market and digital ad revenue worldwide. In this attention-driven duopoly, with ever-changing algorithms and updates, businesses are competing against friends and family for attention. The demand for mobile-ready, shareable content has never been more relentless. Every aspect of content marketing will become more user-centric and personalized, and brands must be willing to adapt.

In order to scale authenticity in this crowded environment, some brands are heavily investing in video to connect with customers to help share ideas, products, purpose and personality. Likewise, influencers will continue to play a role in content but with a new requirement of stronger return on investment. No matter the industry, your brand must steer away from vague, overly expensive programs and partnerships and opt for relevant, data-driven influencer strategies. The challenge in digital content for today’s marketer is to remain authentic while achieving campaign goals. Brands that create experiences that inspire, educate or entertain through content and messaging efforts will continue to win in 2018.

Chuck Reynolds


Marketing Dept
Contributor

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What marketers need to know about Facebook’s updated Business Tools Terms

What marketers need to know about Facebook’s updated Business Tools Terms

The updates are largely guided by GDPR and go into effect May 25, 2018.

As Facebook CEO Mark Zuckerberg faced Senate and House committees in Washington, DC,

this week, the platform introduced new terms around the use of customer data, tracking and measurement. Zuckerberg reiterated to lawmakers that Facebook will, in effect, apply the EU’s General Data Protection Regulation (GDPR) standards to its business globally. Not surprisingly, the Terms changes are timed to go into effect on May 25, 2018, the same date the GDPR’s sweeping set of rules governing the handling of consumer data will go into effect.

A new “Facebook Business Tools Terms” consolidates the “Conversion Tracking, Custom Audiences From Your Website, and Custom Audiences From Your Mobile App Terms” and “Offline Conversion Terms,” and the Custom Audience Terms have been updated. Here’s a rundown of the key changes to the terms that apply to any website owner, publisher, developer, advertiser, business partner (and their customers) and any other entity that integrates with, uses and exchanges information with Facebook. Note that Facebook Business Tools encompass a lot: APIs and SDKs, the Facebook Pixel, social plugins such as the Like and Share buttons, Facebook Login and Account Kit, as well as other platform integrations, plugins, code, specifications, documentation, technology and services.

New terms for GDPR compliance

In section 5.1 of the Facebook Business Tools Terms, a note to EU and Swiss data controllers specifically on

GDPR states:

To the extent the Customer Data contain personal data which you process subject to the General Data Protection Regulation (Regulation (EU) 2016/679) (the “GDPR”), the parties acknowledge and agree that for purposes of providing matching, measurement, and analytics services described in Paragraphs 2.1 and 2.2 above, that you are the data controller in respect of such personal data, and you have instructed Facebook Ireland Limited to process such personal data on your behalf as your data processor pursuant to these terms and Facebook’s Data Processing Terms, which are incorporated herein by reference. “Personal data,” “data controller,” and “data processor” in this paragraph have the meanings set out in the Data Processing Terms.

What this means:
This section clarifies that the Facebook Marketers are considered data controllers from a GDPR standpoint and Facebook the data processor. A third-party data processor is an entity that processes personally identifiable information (PII) on behalf of a controller. A controller is defined by the GDPR as an entity that determines how that data will be processed and for what reason. Both controllers and processors must comply with the EU regulation. The Terms for using Facebook Pixels and SDKs have also been updated for GDPR.

Section 3.3 states:

In jurisdictions that require informed consent for the storing and accessing of cookies or other information on an end user’s device (such as but not limited to the European Union), you must ensure, in a verifiable manner, that an end user provides the necessary consent before you use Facebook Business Tools to enable us to store and access cookies or other information on the end user’s device. (For suggestions on implementing consent mechanisms.

What this means:
Site and app owners must obtain and manage user consent for Facebook to access, gather and store their data. This is a critical piece of GDPR that pertains to any company controlling or processing data on EU citizens, regardless of where they reside.

Requirement to notify Facebook of any actual or ‘threatened’ complaints about personal data

Another important change in the terms that marketers need to be aware of is in section 1.5.

The provision states:

You will notify us promptly in writing of any actual or threatened complaint or challenge related to the use of personal data under these Business Tools Terms and will cooperate with us in responding to such complaint or challenge.

What this means:
Advertisers must take any user’s complaint (even threatened) about the use of personal data seriously. You must be prepared to report to Facebook, in writing, any suggestion of a complaint or challenge over the handling or use of personal data when you’re made aware of it.

Keep reporting internal

Want to share a case study about your Facebook ad campaign? Think again. Section 2.2.2 of the Facebook Business Tools Terms explicitly states that advertisers are not allowed to share Campaign Reports or Analytics unless they have Facebook’s written consent:

We grant to you a non-exclusive and non-transferable license to use the Campaign Reports and Analytics for your internal business purposes only and solely on an aggregated and anonymous basis for measurement purposes. You will not disclose the Campaign Reports or Analytics, or any portion thereof, to any third party, unless otherwise agreed to in writing by us. We will not disclose the Campaign Reports or Analytics, or any portion thereof, to any third party without your permission, unless (i) they have been combined with Campaigns Reports and Analytics from numerous other third parties and (ii) your identifying information is removed from the combined Campaign Reports and Analytics.

What this means:
All Campaign Reports and Analytics need to stay internal and include only anonymized, aggregated data. Keep screen shots and charts out of presentations, case studies and social media unless you have permission from Facebook. However, Facebook retains the right to use your unidentified reporting data when aggregated with that of other advertisers

No pixel sharing

This is a change. Section 3.1 of the Facebook Business Tools Terms states:

You (or partners acting on your behalf) may not place pixels associated with your business manager or ad account on websites that you do not own without our written permission

What this means:
You may not gather data for ad targeting or measurement by placing your or your clients’ pixels on other sites you may have access to or any other site unless Facebook OKs it. This has been a not-so-secret Facebook marketing tactic for some time. If you currently have pixels on other sites, it’s time to revisit those placements and either get Facebook’s permission or remove them to stay in compliance with the Terms.

Facebook Business Tools Terms

Some of the terminology has also changed with this update.

As of May 25, 2018:

  • “Sales Data” now is called “Customer Data.”
  • “User Information” now means “Contact Information.”
  • “Sales Transaction Data” now is “Event Data.”
  • “Matched Data” now means Event Data that is combined with Matched User IDs.
  • “Unmatched Data” now means Event Data that is not combined with Matched User IDs.
  • “Reports” is now “Campaign Reports.”
  • “OC” is now referred to as “Offline Conversions.”

Those are the main takeaways that we pulled from the updated terms. There are other changes, but they don’t appear to impact the day-to-day of marketers as much as the above. If you have any other items that stood out, please let us know on social media.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Marketing.
Interested or have Questions, Call Me, 559-474-4614

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Billionaire Tim Draper Sets $250,000 Bitcoin Price Target for 2022

Billionaire Tim Draper Sets $250,000 Bitcoin Price Target for 2022


Tech billionaire Tim Draper, an avowed cryptocurrency bull,

has set a $250,000 bitcoin price target for 2022. Draper made the bold prediction April 12 at the 2018 Block (Chain) Party at his self-named Draper University in San Mateo, California. “I’m thinking $250,000 a bitcoin by 2022,” Draper said (via Reddit). “Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!” Draper has a fairly good track record for predicting bitcoin price movements, so market observers aren’t taking his bullish forecast lightly. In 2015, the venture capitalist accurately predicted that bitcoin would top $10,000 by the end of 2017. BTC prices soared above $13,000 on December 31, 2017.

‘Blockchain Is Transformational’

Draper also predicts that blockchain will disrupt and transform finance, healthcare, and many other industries. “It’s honest, it’s straightforward, it’s incorruptible, and it’s fair,” he said. Shortly before the Block (Chain) Party, Draper signaled his unwavering confidence in blockchain, the technology undergirding cryptocurrencies. “The blockchain is one of the most transformational technologies that has happened in the history of the world,” he told the San Mateo Daily Journal. “And it is totally worth celebrating.”

Draper isn’t the only billionaire who’s betting big on blockchain. The Rockefeller family (estimated net worth: $1 trillion) has partnered with the cryptocurrency investor group CoinFund to help entrepreneurs launch blockchain-based businesses. David Pakman, a partner in Venrock — the venture-capital arm of the Rockefeller family — said his VC firm is not interested in turning short-term profits, but in making  a long-term investment in blockchain. “There are a lot of crypto traders in the market,” Pakman said. “There are a lot of cryptocurrency hedge funds. This is different. To us, it looks a little bit more like venture capital.”

Purchased 30,000 Bitcoins For $600 Apiece

Tim Draper has an undergraduate degree in electrical engineering from Stanford University and an MBA from Harvard. He comes from a long family line of venture capitalists. In 2014, Draper made headlines after buying 30,000 bitcoins for $600 apiece (total price paid: $18.5 million) at an auction by the U.S. Marshals Service, a law-enforcement arm of the Department of Justice. The Justice Department frequently auctions off property seized during criminal raids.

At today’s bitcoin price of roughly $8,000 a token, Draper’s stake is now worth about $240 million. That’s not a bad return for a four-year investment. The entry of Old Money like the Rockefellers and Silicon Valley’s stamp of approval is another signal that cryptocurrencies and blockchain — the technology behind bitcoin — is here to stay, despite the daily protestations from skeptics that “bitcoin is dead.”

Chuck Reynolds


Marketing Dept
Contributor

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