Crypto Biz Magazine—July, 2014/Issue.02

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Page.32 July.2014 Crypto Biz Magazine time to set a one year mining period. This rapid tapering leaves the coin with a very small inflationary headwind on the price. Quark had a six month mining period and the investor-friendly inflation level seen since then likely plays a big role in its respectable market cap. Every successful coin eventually has to navigate the transition from mining and speculation to adoption. This means that we have to adopt the currency into its intended role to provide the demand (chicken and egg problem). The methods of how to do this are being developed right now in the CryptoTown On The Ground project. This is the level of flexibility and innovation that the CGB Core Team and community are becoming known for. We acknowledge that one coin cannot efficiently fill all roles, and that competition keeps the ecosystem healthy. The value of Cryptogenic Bullion is neither determined by how many markets it can directly trade to, nor by how many businesses and individuals will accept and hold it for spending, but from its fundamentals, which allow it to serve as a more stable store of wealth. The role of any cryptocurrency also changes over its life-cycle and all have yet to reach their full potential. As time goes on, CGB is building utility as a more stable store of wealth, and as a currency for settling larger, more infrequent transactions. With this focus in mind, we still encourage businesses to accept payments in CGB as a matter of convenience. The consultancy culture is about helping people to understand these and other fundamentals, so we can all make more rational choices— individually, and together. The Consultancy Culture This idea stands on its own and is not unique to CGB; that open, rational discussion is preferred for better understanding and outcomes. We all have something to bring to the table through more open collaboration and organization. This notion underlines the importance of our education focus, our open community collaboration, and our on-theground consultancy. This culture is borne out of the understanding that CGB does not compete with, but actually complements, most other cryptocurrencies. CGB’s consultancy culture is developing a knowledgeable and open community that advances the cause of all cryptocurrencies, based upon the principle that the more people who end up using them, the more people will end up owning some CGB. By taking a non-biased approach, we can tap the resources and excitement of the entire cryptosphere in a credible manner. The end result is something that can seldom be experienced in few other communities—honest, up-front advice coming from a “big picture” perspective. Talented individuals looking to make their mark on the frontier of cryptocurrency adoption need look no further. Some of the concepts that we would like to convey can be nuanced and quite difficult to truly understand. An already difficult concept can be made almost impossible to convey when met with prejudice, emotion, and outsider defenses. This is a natural reaction in human society and it can protect individuals from harm, but it may also stifle progress. This is the first major challenge for any encounter with which the consultancy culture aims to reconcile. Two major forces at play here are personal gain, and constructive creativity. It is very simple to tell the difference between the two. Profit motivated schemes almost always involve trust, and apparent convenience, while constructive creativity requires no trust, but individual work and skills may be required. The CryptoTown On The Ground project can be seen as creative construction, while a CryptoMall itself could be run for profit or even mismanaged. Decentralization demands that we become more independent, and “street smart,” to properly navigate. This empowerment is a side effect of the consultancy culture and helps to make stronger communities from more independent individuals. Our laser focus on the fundamental path toward mass adoption is what will keep CGB and the Consultancy Culture relevant. Proactive creation of global demand may seem like a daunting task, but we already have a plan in place, and boots on the ground to back it up.
“On The Ground” Consultancy to Drive Adoption A major new channel for crypto-advocacy is being created through the CryptoTown On The Ground project. We are developing a comprehensive guide and the resources necessary for creating and participating in what we call a CryptoMall. A CryptoMall is a directory and network of businesses, investors, consultants, and resources maintained by a group of volunteers who organize and advise its members. The Official CryptoTown Guide is part of a decentralized structure, much like the crypto we advocate, which relies on individuals, “on the ground,” to sort out the specifics of their own situation. This project is the product of collaborative effort amongst these self-managed CryptoMalls to explore and document the most effective methods to facilitate the adoption of cryptocurrencies as part of stronger communities. An effective feedback loop and open structure ensures that anyone can start a CryptoMall and share their experiences and ideas back into The Official CryptoTown Guide. It is becoming clear that the “buy and hold” mentality is not going to drive real demand. Those who are able can find many ways to help out through the CryptoTown On The Ground project. We are positioning CGB as a leader in the facilitation of cryptocurrency adoption by businesses, with a focus on those with physical establishments. Cryptogenic Bullion backs CryptoTown with its reputation, resources, and consultants. At just one year old, CGB is becoming more than just a cryptocurrency. It is evolving into a suite of tools and services which allows it to adapt to many use cases. As we execute and explore real-world strategies for cryptocurrency deployment, problems and inefficiencies will be remedied through active development of these tools and services. Through development of our shared resources, our communities become stronger, and each of us more self-reliant. —S BRIAN VERESCHAGIN an Information Technology professional with an affinity for communication networks. His logical approach and attention to detail has provided him with the tools and experience necessary to discern the way forward. “When we understand that teaching is not only knowing a concept, but also knowing your student and forming the understanding based on that, we can then take these technologies forward with logic and reason to a wider audience. Consider holding a bit of Cryptogenic Bullion (CGB). To find out why, read on and ask some questions; experience the consultancy culture.” Brian takes CGB tips at 5d8i3zuAugZXLnouJnhFPcZJCLuQPjXkRP CRYPTOTOWN ON THE GROUND A guide and resource for independent CryptoMall directories to more effectively organize stronger, crypto-friendly communities. For Business Increase sales from “cryptotourism” Sell excess crypto to local buyers Build a strong, self-reliant business network For the Crypto Crowd Directory of places to spend your crypto Resources for effective crypto advocacy Purchase crypto at the local exchange For Investors A framework for driving demand Business services and advertising Trade for profit on the local exchange July.2014 Page.33 Crypto Biz Magazine
Page 1: Bitcoins for Sale!
Page 5: Issue.02 July.2014 I AM SOSHI… Pu
Page 8 and 9: CONTENTScontinued Boatcoin 2014 Deb
Page 10 and 11: VISUAL CULTURE AND CRYPTOCURRENCY b
Page 12 and 13: YESBITCOIN by EXECUTIVE DIRECTOR BR
Page 14 and 15: THE POWER OF THE BLOCKCHAIN: FUTURE
Page 16 and 17: Page.16 July.2014 Crypto Biz Magazi
Page 18 and 19: CAN BITCOIN DISPLACE GOLD AS A STOR
Page 22 and 23: BITCOIN FOR CHARITIES by PIOTR PIAS
Page 24 and 25: CRYPTOCOIN SOCIAL @MaxKeiser Page.2
Page 26 and 27: WHY YOU SHOULD PROBABLY BE USING A
Page 28 and 29: Q&A WITH SWARM CEO JOEL DIETZ Page.
Page 30 and 31: CRYPTOGENIC BULLION AND THE CONSULT
Page 34 and 35: BOATCOIN 2014 DEBUTS DURING THE LON
Page 36 and 37: WHERE DOES ACCOUNTING/ERP MEET BITC
Page 38 and 39: DARK MARKETPLACES POSITIONED TO ACC
Page 40 and 41: THE LEGACY OF THE DREAD PIRATE ROBE
Page 42 and 43: BITBASKET Q&A by JACOB PAYNE Before
Page 44 and 45: WHAT MAKES A ‘GOOD’ PASSWORD MA
Page 48 and 49: BITCOIN SUPPRESSION VIA THE PATENT
Page 50 and 51: A PERSONAL JOURNEY DOWN by PHOENIX
Page 52 and 53: BITCOIN IN THE BELTWAY— WHO, WHAT
Page 56: BITCOIN MERCHANT DIRECTORY ADORMO a
Page 59 and 60: GITHUB BITCOIN GLOSSARY CONTINUED B
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Page 65 and 66: GITHUB BITCOIN GLOSSARY CONTINUED S
Page 68: Yes, it’s that easy. coinkite.com

Crypto Biz Magazine—July, 2014/Issue.02

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