Archive for Dezember 2020

The crypto-artist Pascal Boyart unveils a monumental work

The crypto-artist Pascal Boyart unveils a monumental work after 5 months of work

French artist Pascal Boyart unveils a modern version of the Sistine Chapel at the gates of Paris after 5 months of work and a 20,000 euros patronage in cryptomoney.

The modern version of the Sistine Chapel

After having made his name last year through two frescoes „Freedom guiding the yellow jackets“ and „Confessions of a red jester“, Pascal Boyart says, „Pboy“ returns to an atypical place with 1K Daily Profit a monumental work of 100 m² composed of more than 400 characters and the fruit of 5 months of work.

Thus, the artist has just unveiled his modern version of the Sistine Chapel created at the „Studio la Fonderie“, a former gold foundry on the outskirts of Paris, in the commune of Ivry-sur-Seine. The main fresco is 8 metres long.

Pascal Boyart said :

„Michel Angelo was able to paint the Sistine Chapel thanks to the patronage of Pope Julius II. Today, we had the opportunity to write history thanks to this patronage of the crypto community for this modern chapel. »

Involved in the use of new technologies in the service of his art, Pboy is recognised as one of the most innovative crypto-artists of his time. He was one of the first artists to apply a Bitcoin QR code (BTC) to his murals. He also organised the first Street Art treasure hunt to win BTCs in Paris in January 2019.

Dedicated to the artist’s values centred on freedom and independence in his creations, Pascal Boyart launched a patronage campaign in cryptomoney in August 2020 to finance this audacious project. The artist managed to raise 20,000 euros in BTC and Ether (ETH).

In addition, the patronage gave the right to non-fungible tokens (NFTs) representing parts of the work in digital version. In other words, the 12 international patrons who supported the project are also holders of the work in digital version, unlike the physical work, which is not for sale. Patrons such as Thomas France, former co-founder of Ledger, and WhaleShark have supported the project.

The fresco and the place have been modelled in 3D to allow the whole world to visit it in virtual reality from a simple smartphone. The public will be able to immerse themselves in the space, zoom in on details or walk along the characters to discover the work.

The digital version will be available online at sketchfab.com and the artist’s version will be available on December 17th.

What happens to your Bitcoins when you die?

How do you ensure that investors‘ cryptocurrency arrives safely in the hands of the heirs?

As cryptocurrencies gain in popularity, long-term investors are increasingly thinking seriously about the most unpleasant question of all: What happens to your Bitcoins (BTC) when you die?

According to a study published in 2020 by the Cremation Institute, nearly 90% of cryptocurrency holders are concerned about what will happen to their crypts after death. Despite this, the probability that crypt holders will use wills for their inheritance is four times less than that of non-crypt investors.

As your white paper indicates, Bitcoin is a purely peer-to-peer version of electronic money, allowing you to make online payments directly between parties without going through a financial institution.

Being a distributed network, Immediate Edge has no central authority to control user funds, so no one outside of the owners has control over the assets.

As a result, millions of dollars in crypto are lost every year with the disappearance of the owners. The crypto insurance company Coincover estimates that about 4 million Bitcoins, equivalent to about 76 billion dollars at the time of writing, are no longer in circulation due to loss of access, with a good part probably caused by death.

But that doesn’t mean that cryptocoins like Bitcoin can’t be bequeathed and will inevitably be buried along with the deceased owners.

In fact, there are several ways in which investors can pass on their crypto to new generations, but each method requires decision making and planning, as well as a good deal of general knowledge about how cryptocurrency works.

Sharing keys with trusted family members

Sharing your keys with trusted family members is probably one of the easiest ways to pass on your crypto. Some of the best-known figures in the crypto industry have publicly stated that they use this method to ensure that their assets are passed on.

Hal Finney, one of Bitcoin’s first supporters and recipient of the first transaction from BTC creator Satoshi Nakamoto, left his crypto property to his children simply by providing them with the keys to it. About a year before his death in 2014, Finney explained:

„These discussions about passing on his Bitcoins go far beyond academic interest. My Bitcoins are stored in our safe deposit box, and my son and daughter are technology experts. I think they are quite safe. I feel comfortable with my legacy.“

This practice of bequeathing cryptos is simple but may not be suitable for everyone in the crypto community: it is a risky method, as shared keys have a responsibility to keep assets safe. You must therefore make sure that heirs are aware of the plan and have crypto security expertise.

Some exchanges may unlock access to crypto with a death certificate.

Although the Bitcoin network is not interested in things like inheritance, some crypto services allow family members of a deceased client to access their crypto assets. Coinbase, a leading U.S.-based crypto currency exchange and wallet service, for example, allows family members to gain access to a person’s assets after providing a series of documents, including a death certificate or will.

Coinbase users can also appoint an heir to their account. However, the procedure is not directly supported by Coinbase: you must necessarily rely on a lawyer for the succession process.

A spokesman for Binance, the world’s largest crypto currency exchange, explained to Cointelegraph that the company has similar policies to provide access to crypto beneficiaries, but without going into the process in detail. „The beneficiary must contact customer support directly, and one of our agents will guide him through the process,“ added the representative.

Crypto Inheritance Services: Is it worth it?

There are projects dedicated to securing the legacy of digital assets. For example, companies like Safe Haven, Home and TrustVerse are developing their own solutions that allow people to bequeath their crypto assets using blockchain technology and encryption.

Officially launched in September, Safe Haven’s digital legacy platform, Inheriti, allows users to pass on access not only to crypto assets like Bitcoin, but also to social media profiles like Facebook and Google+. Safe Haven CEO, Dujardin Logino, has pr

Bitcoin ‚Demasiado volátil‘ para ser un almacén de valor: Steve Forbes

El magnate de las revistas dice que el oro es una mejor inversión.

En resumen…

Steve Forbes dijo que Bitcoin no es un buen almacén de valor a largo plazo.
Recomienda el oro en su lugar.
Según Forbes, el límite de suministro y la volatilidad de BTC limitan su utilidad.

Según Steve Forbes, el precio de Bitcoin se ha beneficiado de la política monetaria de la FUD.

„El mayor impulsor del boom de Bitcoin Code es el miedo a que la Reserva Federal y otros bancos centrales impriman demasiado dinero“, dijo Forbes hoy en su programa de YouTube „What’s Ahead“.

Pero mientras que otros inversores han mirado a Bitcoin como una reserva de valor, el dos veces candidato presidencial republicano dijo que en su lugar está enganchando su carro al oro.

Aunque no es un economista entrenado, Forbes creció con dinero. Su padre, el empresario Malcolm Forbes, fundó la revista homónima Forbes que ahora dirige el joven Forbes. Steve no cree que Bitcoin sea la inversión adecuada para mantener la fortuna familiar.

„Bistec un día, comida para perros al día siguiente, filete al día siguiente“, dijo sobre el precio siempre cambiante de Bitcoin.

„Bitcoin sigue siendo demasiado volátil para ser un almacén de valor a largo plazo como lo ha sido tradicionalmente el oro“, dijo a los oyentes. Además, dijo, „El límite de suministro arbitrario de Bitcoin obstaculizará gravemente su futura utilidad“.

Además, sugirió que estas cualidades eran de alguna manera diferentes con el oro. „Cuando ves que el precio del dólar del oro fluctúa, lo que estás viendo es realmente el valor del propio dólar cambiando.“

Esa es una forma de verlo.

También dijo que el suministro de oro aumenta alrededor del 2% cada año en promedio, gracias a la producción minera, lo que lo hace „raro pero no demasiado raro“. Aunque no mencionó que el suministro de oro en la tierra no es, de hecho, infinito y eventualmente llegará a su límite, como lo hará el suministro de Bitcoin.

Concluyó Forbes, „A medida que Bitcoin evoluciona, puede que se convierta en el nuevo oro, pero ese día aún no ha llegado“.

Se podría decir que ese día será… de oro para Bitcoin.