Exchanges to be regulated as trading platform in the Philippines...About Time

 According to an article in the bitcoinist, The Philippines can be seeing an outline of draft rules on exchanges as early as next week. This is a major victory for the security of cryptocurrency. Why? because the individual is to mine (Proof Of Work) and take self responsibility instead of using exchanges like the stock market. That is not what crypto was designed for. It was designed to be self reliant and to make a difference solving world problems, not for greed.

I say it is about time. Too many people are using crypto the wrong way and passing themselves off as experts with no real understanding of the block chain at all.

Now maybe we can get some real people to teach crypto, and not the phonies.

https://bitcoinist.com/philippines-regulator-expects-draft-cryptocurrency-exchange-laws-within-2-weeks/

PROS and CONS to mining and using exchanges to use crypto

    I have now and always will be a miner. This is due to the legacy of what Bitcoin actually represents. It represents a way to bypass the current crooked financial system and have self-ownership of all your funds.

    Mining can be done many ways, for example I have 5 miners in a few of my most trusted friends house mining, because they cannot fix their miners. I fixed theirs 3 months ago and probably will not be bothered again till December since they have them in their house. I also have 3 where I am, 2 mining cloud contracts with hash flare, one with two with minergate, so I have multiple streams of income and I never have to worry about the price.

    When Bitcoin was $100.00 per coin In shares at mining with 30GH/s I got 0.01, which was approximately a dollar a day. When it hit a thousand dollars I still got a dollar a day, it was less satoshi, but the actual value, based on the work I was providing was the same. The pools I mine now I never have to worry about difficulty period.

    Now the pros and cons of buying and selling with mining comparison

When you buy a coin low to sell it high you are not doing what cryopto was designed to do. You are actually staying on the same monetary regulatory system using crypto. You then must send it to a third party as a custodial in order to make a trade order and we all know what can happen when you rely on any third party

you are still trusting a third party in the same reason you trusted a bank. As a miner, there are several ways of earning and you can now shapeshift from your mobile device or your computer. This way the transaction is instant. I do not have to worry about the price or a third party stealing my coins.

One exchange actually stole coins when a deposit was made and we could not withdraw. To this day there is one exchange that have not reinbursed over 2 clams. Now that is bad when clamcoin is less than bitcoin.

Satoshi wanted a proof of work system that would verify transactuions in order to arrive at a concensus. This means active participation. The currency in itself is free I can not buy something that is supposed to be free to earn.

This is why I mine. I am never going to loose, I can not get my funds stolen, and I can think of some creative ways to mine without being placed in a hole.

This is the reason I will mine. I have complete control, I have self ownership, I do not have to rely on any third party, and most wallets now have the shapeshift internally built into it.

I have multiple streams of income daily, which adds up in 1-2 weeks depending on the amount of time running with some. 8 are on 24/7 the cloud mining are on 24/7 others are 12 hours so it does add up and I have seen too much loss to begin a trade. I do not loose mining. And wind tunnels are more effective ways to mine. You have to have been an engineer in the coast guard to understand that one, but think of it this way, when it is 100 degrees out and you go through a tunnel, the tunnel is cooler. Wind tunnel.

Mining is the only sure way to have self ownership and stay off of the fiat. You can buy a car with btcoin through beepi, you can even do some other things now via blockchain acceptance. Soon the miners will just be able to mine the coins and move them to what they need. Which was what crypto was suppose to be.

Hope this helps you understand why I will always mine.

The New Way To Think

What we must understand is we need to have complete control of our coins. Exchanges are fine if the coin cannot be shape-shift easily, but that should tell you that the coins you mine should be on that shape-shift list.

During recent events with the BTC-e exchange having the FBI take it down, it is hard to get the perspective because I know for a fact after being in the Military for ten years, that All of them do not even know the actual codes, they have to look it up, and the book sits on the shelf until they can use it. Secondly, they only use a small context that benefits their reason. This is a form of dishonesty, and I can not fully accept it.

Since I do not have all the facts of what is going on with this situation, I will just educate. The FBI cannot Seize it, if they do they have committed a crime. It is Decentralized and Deregulated. The agents do not have the authority under decentralization, Only fear allows you to allow them. If the data is on a cloud or your wallet It cannot be seized so why would you put your information out there in the first place.

All the coins I mine Go directly to my wallet and I shape-shift them directly to another. I have no information, they cannot get at my money because there is no central information. And If I happen to find I have to use an exchange I will never exchange more that $16.00 value at any given time.

This Form of currency was meant to be private. I have heard all of the Horror stories that Bitcoin along with others is not. Listen get an electrum Bitcoin wallet and look ant multi-signature, look at sending addresses, look at mixing. There is no way to trace, because it was meant to protect you from hackers.

Every-time you send a transaction from your Bitcoin wallet, you generate a different sending address. I asked a year ago when I did a blog on the Block-chain, to anyone telling them if Bitcoin is not ANONYMOUS, then tell me how much did I send 5 minutes before I posted that article. To this day not one had the answer. Because it is all speculation and lies.

Usually, your transactions become public when you use a centralized exchange. If you would only use the exchange for small values, and shape-shift your larger ones, you will find that there will be a far better world when you are in control and there is no central hub that has your information.

Shape-shift is for PRIVATE PERSONS WISHING TO KEEP THEIR FINANCIAL SECURITY a RIGHT PROTECTED AND WILL NEVER BE UNPROTECTED. This statement is true so long as people start to stop sharing their information with exchanges.

It is fine, as I said, If you do a small value, so people do not see. There are similar services but one has to understand it is an address only transaction now, instead of where an exchange your information is broadcasted on what you are trading.

Want pure anonymous safe secure exchanges only deal with the coins you can shape-shift.