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Tag: Ethereum

Ethereum: Tracing the Path of Innovation

Conception and Foundation

The Ethereum story begins in 2013 when Vitalik Buterin, fascinated by the possibilities of blockchain beyond mere currency transactions, envisioned a decentralized platform for smart contracts and decentralized applications (dApps). His vision sought to address the limitations of Bitcoin’s blockchain by creating a more flexible and programmable system.

The Ethereum Whitepaper and Development

Buterin formalized his ideas in the Ethereum Whitepaper, which highlighted the platform’s potential to execute smart contracts, allowing for self-executing agreements with predefined conditions. In early 2014, the Ethereum Foundation was established to spearhead the development of this groundbreaking platform.

Crowdsale and Funding

To fund the project’s development, Ethereum conducted a historic crowdsale, offering Ether (ETH) tokens to early backers. This ICO, held in mid-2014, raised around $18 million, providing the necessary capital to further the platform’s development.

Genesis: Birth of Ethereum Network

The Ethereum network officially went live on July 30, 2015, with the release of Frontier. This marked the genesis block of Ethereum, enabling developers to start building decentralized applications on the platform.

The DAO Incident and Hard Fork

One of Ethereum’s most defining moments occurred in 2016 with the creation of The DAO, a decentralized venture capital fund. Exploiting a vulnerability, an attacker drained a significant amount of ETH from The DAO. This incident led to a contentious decision within the community. Ultimately, a hard fork was implemented, resulting in Ethereum (ETH) and the emergence of Ethereum Classic (ETC) as separate blockchains.

Evolution through Major Upgrades

Ethereum underwent crucial upgrades to enhance its functionality, security, and scalability:

 • Homestead (2016): Marked Ethereum’s transition to a more stable and mature state.

 • Metropolis (Byzantium and Constantinople, 2017-2019): Introduced features like zk-SNARKs for privacy, smart contract improvements, and a smoother user experience.

 • The Beacon Chain and Ethereum 2.0 (2020-2022): Initiated the shift from Proof of Work (PoW) to Proof of Stake (PoS), aiming to address scalability issues and reduce energy consumption.

Ethereum’s Impact and Ongoing Development

Ethereum’s impact has been profound, catalyzing the emergence of decentralized finance (DeFi), non-fungible tokens (NFTs), and a multitude of dApps. It remains a primary platform for developers and users engaging in blockchain-based innovations.

Continuing its development journey, Ethereum focuses on Ethereum 2.0, aiming to achieve scalability, security, and sustainability through its phased upgrades.

The Continuing Saga of Ethereum

From its humble beginnings as an idea to its current status as a major blockchain platform, Ethereum’s journey has been marked by innovation, challenges, and community-driven evolution. As it navigates the complexities of blockchain technology, Ethereum stands as a beacon of decentralized possibilities, reshaping industries and driving the future of digital innovation.

Coincidence or serendipity ?

Was it serendipity?

A short story about how life can bring you together without even knowing it did. We have been on Koh Phangan for 3 months now and we met many very interesting people. A few days ago we again had a strange story of serendipity.

Our youngest daughter Jessa has been playing with Antalia, a French girl, for 2 months now. We met the parents but we just daily greeted each other. The family has been traveling for 5 years now and was in Nepal some time ago. In Nepal a friend of them told them about crypto and that there was a family that sold everything they had to buy Bitcoin. Since then they talked a lot about Bitcoin and whether to buy it or not. At that moment we have been staying for 2 months in the same resort without them knowing that we were this family they heard about in Nepal.

Society Paris

A few days ago a French friend visited them in the resort and brought them some French magazines to read. One of the magazines was Society and we were in it. They recognized Jessa from the picture and then realized they were greeting us for 2 months without knowing we were the family they previously heard of. They immediately came to us and told the story how they heard about us. We laughed about it and agreed that meeting each other was meant to be. Of course, they quickly started asking questions about whether to buy Bitcoin or not. I started to tell our story, our view on crypto and what we did.  They decided to buy Bitcoins because meeting us couldn’t be a coincidence.

It’s so strange how life seems to connect people to each other at the right moment. Why did I  share this with you? Because 1). To show you how huge Bitcoin is becoming and that even in Nepal in the mountains people talk about it. 2) How things, that seem to randomly happen, often happen for a reason, serendipity. 

Break the circle

If you take time to look around and pay attention to people, you are able to see amazing things you would not have seen if you just run the hamster wheel. If you walk the same circle every day and if you are continuously living in your head it’s not easy to spot the magic of life.

Start discovering the world and just break the circle you live in, create some space and open up to new amazing things in life. And no you don’t have to start traveling the world for this. You could, for example, next Monday after work, not directly go home but stop somewhere randomly on the way back and to take a walk in a village where you would normally not stop. Say hello to new people and have a short chat with them or offer to help somebody that needs it at that moment. Just see how it feels and if you like that feeling.  You wouldn’t have felt like that if you just drove past that village to get home as fast as possible to continue the daily routine. These small things will make you realize that there is more to life than just running the hamster wheel.

Want to start buying bitcoin visit this page here on our website. Do you want to see more about our life?  check our youtube channel.

It’s important that our children experience other cultures

Respect someone for who he/she is.

This is not always easy since there are so many different people on this planet and not everyone thinks like you do. Although we can be so different, first try to understand why before you judge them. But how can you understand someone when you have no idea what his or her motivations are for acting in a certain way? 

A large part of one’s motives comes from his / her culture. There are many different cultures and by experiencing these cultures yourself it will be more easy to understand. By letting your children experience other cultures now, we believe that this will contribute positively to the rest of their lives. They will know why someone does or doesn’t do something in a certain way. Through this knowledge, understanding arises and this creates respect. You do not always have to agree with each other, but we can give each other the respect that everyone deserves.

Different countries different religions

When we travel through Indonesia our kids will discover the Islam religion, when we travel through Thailand they will meet Buddhism religion, In India and Bali, they will learn many things about Hinduism. In Australia, they learned which values the aboriginals religion has and in new Zeeland could see the Maori religion. Yes, there are many more religions but what the kids discover by taking them there is that they are all people and all the same. They just believe in different things and in our opinion that’s positive and we teach our kids what the positive things are of every religion instead of the negatives things because it’s only negative in your eye’s but not in theirs. Mutual respect is very important in life.

Let’s give an example. If you are eating in a restaurant in China you might hear people burping and making a lot of other sounds while they eat. In the western part of the world, we teach our kids that burping or slurping is not done and really rude. So your kids might end up thinking that for example, Chinese people are rude people but as strange as it may sound, burping is not considered rude in parts of India and China. Burping after a meal shows a sign of appreciation, satiety and being well fed. In Japan, slurping is considered polite. It’s also an indication that the food is good. You’ll look weirder for not slurping your noodles. Can you imagine how much fun it is to go and eat with your children and allow them to slurp and burp, hahaha. In some religions, it’s not ok for different genders to hug and in others, man kiss each other on their cheek when they meet. Kids need to understand why they do it like this and respect those people for it instead of making fun of it. The more people they see doing it all over the world the easier it becomes for them to understand it’s totally normal. These are just a few examples and we could name many more of them but maybe you could mention some in the reactions below this article.

Why we visit temples?

This is one of the reasons why we visit temples and many other religious spots with our children. This time we were in Koh Phangan in a very nice small temple, Wat Paa Sang Tham which we would recommend visiting with kids. You will get some free bananas and water and of course, in return, they love you to buy a lucky bracelet or do a donation etc. The kids were dressed in sarongs to hide naked shoulders and they got to light up incense sticks and offer them. They learn that they always need to use three sticks when offering. In Thailand, it’s often said that the three incense sticks pay homage to the Triple Gems: Buddha, Sangha, Dhamma. They learned that in Buddhism, incense acts as an offering to Buddhas, or enlightened ones, as well as a symbol for various aspects of Buddhist belief and an aid to positive thoughts and actions. So basically they learned that these sticks are not just used to give your house a nice smell, hahaha.

So we had some fun while they learned some things and that is in our opinion the best way to educate kids while traveling and again teach them that yes we all have different believes and live by them but at the end, we are all just humans which need to respect each other.

RESPECT

HODL BITCOIN and stay Happy Long time !

It’s been a few weeks since I’ve written a blog, but to be honest I’ve been very busy. Very busy Koh Phangan? Yes many crypto meetings, again made a nice documentary, some interviews and inspired many to start in crypto etc. And most importantly also just occasionally I did just nothing.

We have a few exciting days coming up in terms of bitcoin. If bitcoin will to break the border of $11.400 and closes above this limit, the chances are very big that we are going to have a bull run that can end up somewhere between $ 16,000 and $18,000. If then the second layer applications and blockchains for BTC will work in the near future, in my opinion we will easily reach the goals I already shared earlier which were higher than $ 30.000 this year. Exciting but also fun times. hahaha

In the last months I also joined the www.moneytoken.com. team as an advisor I became advisor for them because I just love their concept and I think it can build a bridge between money and crypto. Moneytoken.com allows you to SPEND bitcoin while you HODL them as well. So yes you can use bitcoin to invest in mining rigs or for a nice vacation and at the same time also HODL the bitcoins and thus not missing the expected growth. Take a look at the website for more info.

Another thing I would like to discuss with you is exchanges. I think that there maybe will be a major shift from centralized exchanges to decentralized exchanges. A good example of such a new decentralized exchange is ALTCOIN.IO . Yes this is a referral link but once you have an account you can also get it and earn a little extra. Decentralized exchanges are important for the future of crypto because they allow you to swap coins using Atomic swaps without keeping your coins on an exchange and so you  have full control on all private and public keys. Very safe in my opinion because some exchanges  have been hacked etc in recent years. Check it out and let me know what you think about it.

Ok that was it for now and if I can give a tip then I would not trade too much and wait to see what BTC is going to do, because as you know; As bitcoin climbs the alts will dip, as bitcoin decreases the alts will dip and only if bitcoin remains stable then the alts climb as well. I expect a BTC bull run so I keep as much as possible in BTC. But please also keep an eye on LTC because it could give us a nice surprise as well.

Oh yes and I almost forget to mention the most important thing. Because we received so many questions, I created a Crypto starters course with more than 3 hours of HD video and super tips and tricks on how to start buying and trading bitcoins. You can also become an affiliate and sell this course. Take a look at www.thebitcoinfamily.net/learncrypto

Greetings from sunny Thailand and Hodl because soon you wil be able to say;

I am happy long time, hahahaha.

The reason why we need BITCOIN !!

What should the reason be to own Bitcoin and other cryptos?

I read so many on how to make millions with bitcoin and altcoins and I am starting to realize that many new people just come to the market for making some quick bucks. People tend to have problems with understanding me when I say we are NOT in it for making millions or buying a Lamborghini.

Didi Taihuttu Emacipate yourselves from financial slavery, None but ourselves can freeze our Bitcoin

Then people get afraid when bitcoin dips like it did last weeks and they are afraid of losing a part of there investment and they will sell with a loss. This happens because people only look short-term and don’t understand how blockchain and crypto will change this world. Everybody needs to zoom out and look at it with a long term perspective and understand that it’s not just about making millions but mainly about the philosophical values of blockchain and crypto. Values like FREEDOM, INDEPENDENCY, TRANSPARENT DECENTRALIZED PROCESSES and TRUST.

Once in a while, a revolution takes place. In 1600 the printing press had a huge influence on the world. In 1700 the steam engine was a huge change and in 1800 it was the industrialization that changed the world. Then in 1900 the internet tremendously changed our lives and now in 20th-century blockchain and crypto will bring a change that will be 3 times larger than the internet has brought us.

I respect everyone’s opinion and everyone needs to do what he/she thinks is good, but please take look at the world and the monetary system! Do you really agree with the situation we are in now or do you want to have access to your money when and wherever you want in the future? I simply can’t understand why I should agree with maximum ATM withdrawals or making an appointment if I need more then 10k of my own money or the huge costs and time of sending my money to family on the other side of the world.

Who guarantees us that money will continue to exist as we know it and what happens if we get a centralized cashless society that will be controlled by the parties that have control now. We all know that the world is slowly going cashless and when the time comes that all our money is digital, those middlemen in control can just push the button behind your name and your funds will be frozen or even deleted. Do we really want this to happen? To be clear, I am not saying they have the intention to do this but just saying they could. Just look what happened in Cyprus and Greece a few years ago.

This is maybe the last moment in our lives where we are able to ensure that we keep control over our life and Money(funds). Blockchain and crypto are providing us with the tools to get back some control and prevent that middleman (third parties) will get all the strings in their hands. I think people need to realize that this is the reason to be in crypto and not just buying a Lamborghini. So when you invest in crypto you will be supporting values like FREEDOM, INDEPENDENCY, TRANSPARENT DECENTRALIZED PROCESSES and TRUST. And yes you may also be able to buy that desired Lamborghini but you could also support the poor with a small part of your profits 😉

Didi

www.thebitcoinfamily.net

A typical bitcoin beach day

Bitcoin Beachday

I was on the beach yesterday in Koh Samui and I a somewhat older German guy started talking to me. I think he was late 60’s and black painted hair with a too big golden necklace in my opinion hahaha. You can’t judge the package from the outside as I learned and I love chatting to all kinds of people so I did. He was talking about so many things that I got dizzy. What he was doing here, bla bla bla and eventually the question came how do you earn money?  And bam that was the moment I started talking but my answer was short, “ Bitcoin” . The man started laughing and was like, man thats fake, thats something what will disappear very soon. You and your family will go bankrupt and will end up with nothing. Pointing at his real beautiful and big gold necklace he said, this is worth money and will never go away. Bitcoin isn’t backup up by anything and so it can’t be worth something. Its only for computernerds and will never be accepted as a standard payment method.

I needed to control myself and so I just responded with lets see what the future will bring us. Off course I could have responded in a other way because I really don’t agree with him. The thing is that I have had these discussions many times now and I learned that when people react this aggressively negative they are just afraid off the changes they need to face. I think this is the problem with many people, companies, governments etc. They are so afraid of revolutionary innovations that wil change the future that their first reaction is aggressively negative.

The same way they reacted when internet came in the 90’s. It was just for criminals and porno and they where sure that nobody would send all there post by e-mail in the near future. Maybe office Clercqs and nerds would use email but not the average person. Watching television on a mobile was never going to be possible and was just for star wars movies. Looking at the earth or even streets with google maps was a ridiculous idea and could only be seen if you were an astronaut. I could mention 1000 things like this and so could you. It seems tat every time a revolution is born the first few years 80% of people fight against it and 20% of the people understand that it will change the world and support it.

Why fear?

Why is this ? Why do people always fight against the unknown? Why do people not embrace the unknown and live by the day and support innovative exiting new things?

FEAR is the answer. People lost contact with their inner-self and are just to afraid to follow their guts of which they know it is right in most of the cases. This is something that schools should teach our children. They should teach our children how to feel and how to live life and embrace exiting new things instead of walking around like small Robots repeating what third parties told them. Kids should be taught to use their creativity and passion instead of suppressing it and replacing it with lust for materialism. When Kids finish schools they think they are only successful when they have the best job, a big house, a few cars and 1.000.000 instagram followers that want the same life. Is this really how we want our kids to be ?

To be clear I am not blaming the schools for this fear, that is rooted deeply inside all of us, but schools could make a difference and start changing their approach. Our children have the future is a saying and thats why we chose to show our children a different life and we just hope they will follow and pass this on to their children. And yes of course I understand that we are part of those 20% in the world that embrace new things but we think blockchain, crypto and many other applications on this amazing technology will soon contribute to a shift in these percentages. More and more people will realize that life can be lived different.

Blockchain and Crypto are real game changers. I understand the old German guy and I feel his fear but he and many other people need to understand that blockchain and crypto are here to stay and will change this world like the industrialization and the internet did. Just take some time every day to read about how crypto and blockchain are changing things and just google a bit and see how many websites, companies, foundations, shops etc are being build because of crypto and blockchain. read about how big companies like Expedia, Microsoft, Virgin, Wikipedia, Tesla , Subway and Shopify already accept crypto as a payment method. Why would they do this ? Because they think it is something that will soon disappear?  And please understand that all the negative news is needed to slow down this (r)evolution so everybody has time to adapt to this new technology.

Believe me this change will even be bigger than the internet and will influence our lives in a way than we can’t imagine at this point.

But what are we so afraid of and what can we loose ?

Yes off course you can loose some money but there also is a chance you will win some because of crypto. More importent is that you will win freedom, independency and control of your own money by supporting this crypto revolution

Just question yourself if this 2nd car, new laptop, life savings plan or bigger house is so important ? Or is it more important that you support our freedom, independency and control on money? Maybe you should diversify a bit and invest a % of your capital in crypto or buy a cheaper 2nd car so you won’t miss this boat, or train, no let’s call it a spaceship that soon will launch and change our world.

Start opening doors and look behind them to see what is there instead of waiting in front of this closed door because you are afraid that if you walk through, that ……… ………. Yes tell me how should I end this sentence? What are you afraid of, if you walk through this door?

Are you afraid that if you close the door, everything you left behind, will be gone if you return ?
Are you afraid that the door doesn’t open again if you want to go back ?

Nothing will change, you will only discover that after every choice you can make new choices again and again and again.

I really don’t understand this FEAR but it must feel like for example bungee jumping. You are climbing up that stairs and then at the top and even if you know nothing can go wrong but you still you get a bit afraid of jumping (yes there is a small risk that the rope will break). You feel the tension building up and a crazy feeling in you stomach and your mind starts to play games with you and you start talking to yourself. You start doubting to jump or just walk back. But then you jump and feel this amazing feeling of joy without thinking of anything else. Just joy and you are proud you did it. So yes new things can be scary but most of times if you take the step the result is amazing. Now the same situation, you again walk up this stairs and at the end you don’t jump because of fear. Your friends do jump and afterwards tell you how amazing it was. How do you feel then ?

With crypto there is no chance the rope brakes and that you die but just a chance that you loose some money. As you probably know money comes and money go’s. Yes we as a family took a huge jump and I am not telling you to do the same, but we just think that if it go’s wrong we can always start over again and start a new adventure. We were not afraid of opening this door and looking behind it and we were sure we didn’t want the things that we left behind. We wanted a new life. Maybe that’s what made it more easy for us.

Lucky later that day on the beach I met some dutch guys and girls, around 29 years old from Rotterdam and The Hague (den haag). Ik chatted with them as well about crypto and they understood the need and meaning of crypto and have way less fear and even now one or two things about it. Man that I could chat some dutch about crypto made my day hahahaha. Oh yeah and not to forget the hand reading fortuneteller on the beach who offered to read my hand. I said, sorry I don’t have money, only bitcoin and even he new about bitcoin and what it was and was positive about it. So at the end of the day I had a satisfied feeling of more and more people knowing what Bitcoin is and even understanding the importance of it.

Yep, just a typical day on the beach which used to be so relaxt but now not a day go’s by that somebody speaks to me about Bitcoin and to be honest I am glad they do.

To the old German guy I just wanna say;

Wir werden sehen wie der Zukunft aussieht aber Bitte hab keinen angst fur neue Sache und verkauf die Golden Kette und kauf Bitcoin davon. Innerhalb ein par Jähr können sie ein par golden Kette kaufen hahaha. ( we will see how the Future will look but don’t fear new things and please sell that golden necklace and buy bitcoin. In a few years you can probably buy many necklaces from the profit.

Boek Didi Taihuttu en The Bitcoin Family

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