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What Is Time Banking?
The essence of time banking is simple. Everyone has free time. It is possible to invest it profitably: to render some service to others and to receive for it to your account the corresponding amount of time. Time capital can be spent in the same way – use the services of any other client of the bank time. At the same time, the principle of full equality operates: an hour of unskilled labor (sweep a yard or help with relocation) is valued as a qualified hour (music lesson or legal advice). Otherwise, everything is like in a regular bank: loans, bills. To become a client of the Bank of Time, you need to fill out a questionnaire, have an interview, confirm your skills with diplomas and certificates and get down to business. The client’s personal card indicates what services he can provide and what assistance he is interested in.
The idea of a time bank belongs to the Soviet psychologist and logistician Vladlen Livshits. In 1977, he introduced a flexible working time system at the bakery of the Estonian city of Kohtla-Järve. A little later, two more enterprises of the same city were involved in the system of turnover of time (like money circulation). Many people wrote about this experiment in newspapers, but Livshits did not get the idea of mass character in the Soviet Union. However, thanks to the American reporter David Schipler about the time bank learned in the United States.
The advantages of time banking
Time banks help to overcome the estrangement between people and mutual assistance in the conditions of a new economic trend – gradual reduction of workplaces and a full day,” says Vladlen Livshits, creator of the first time bank. Economist Anton Suvorov agrees with him, who notes that “because of the crisis, people have more free time and less money, but the need to retain their usual way of life with all their strength, therefore, these elegant solutions — get some services for free — quickly found a response. “In addition to the crisis, the development of information technologies pushed the emergence of a bank of services. People earlier simply did not know that a jack of all trades lives on the next street, ”the expert emphasizes. At the same time, representatives of foreign mutual aid services believe in the bright prospects of this project in Russia because “People are very responsive.
Short history of time banking
In 1980, a volunteer movement of the same name arose in the United States. Its founder was a lawyer and public figure, Edgar Kahn. For him, time dollars have become a tool to increase the effectiveness of volunteer activities in the community. This principle allowed everyone to select a suitable job, “pay” for it, as well as monitor and control the performance of volunteer work.
Conclusion
Volunteers say that participation in the time bank programs is suitable for everyone because each person is unique and talented, he can offer others something that no one else will offer. The most popular services of time banks are, as a rule, repair and cleaning of premises, tutoring, massage, manicure, and make-up, services of drivers and couriers. There is particularly strong demand for drivers. But the application is both the easiest and the most exotic skills: the work of one center began with the replacement of lightning on clothes, in the other – Vedic cooking lessons, in the third time clients of the time bank solved the problem with the TV show recording program.
In the very idea of this social project, there are two very important things: on the one hand, mutual assistance. On the other hand, self-help. Thanks to the time bank membership, people have a chance to recognize their hidden resources and opportunities, volunteers say. However, perhaps the main achievement of time banks is that thanks to them, people again begin to communicate life, make friends not in the virtual, but in the real world.
Where To Buy Bitcoin Cash
Today we will tell you where and how you can buy Bitcoin Cash. Using a simple step by step instructions to purchase a cryptocurrency is not difficult. We’ll tell you about the history of creation, differences from other coins and all other details.
What is Bitcoin Cash?
The definition on the official site reads: “Bitcoin Cash is peer-to-peer electronic money for the Internet. He is completely decentralized, without a central bank, and he doesn’t need any trusted third parties to work. ”
Have you noticed the emphasis on the phrase “peer-to-peer electronic money”? This is done on purpose, because the very existence of Bitcoin Cash depends solely on the conduct of a large number of transactions, as Jimmy Song notes in his Medium article.
Bitcoin Cash (BCH) is in many ways similar to Bitcoin, but has several distinguishing features:
- Block size – 8 MB.
- No Segwit support.
- There is no “replace by fee” function.
There is protection against replay attacks and destruction (also known as 51% of the problem). Offers a way to correct the PoW complexity faster than for the usual interval of increasing complexity of finding a block.
Since BCH is the result of a hard fork, anyone who had a BTC received the same amount of coins in BCH. Provided that he did not keep BTC on the accounts of the exchanges and controlled the private keys of the account during the activation of the hard fork. So now let’s look at some interesting Bitcoin Cash features.
What is a “replay” attack?
The main feature of Bitcoin Cash is how it circumvents the biggest problem that any cryptocurrency can face after a similar fork – the “replay” attack.
This is such a data transfer, which is intentionally repeated or delayed. In the context of the blockchain’s work, it looks like this. Someone commits a transaction that occurs on one blockchain and then intentionally repeats it on another blockchain. For example, Masha sends 5 BTC to Petya, as a result of “replay” attacks, she also sends him 5 BCH, although she was not going to do that.
How to buy Bitcoin Cash
If you decide to purchase Bitcoin Cash, which is designated on the exchanges as BCH, you probably noticed its rapid growth and advantages over conventional Bitcoin.
Choosing a wallet for Bitcoin Cash
In order to buy a cryptocurrency, you need to create a Bitcoin Cash wallet. The list of wallets is quite large, it is available on the official website BitcoinCash.org.
So, we have established a wallet and have prepared the amount we want to invest in the purchase of Bitcoin Cash.
Please note: you can buy BCH both for fiat currencies (dollars, euros), and for Bitcoin cryptocurrency. This cryptocurrency allows you to easily acquire various cryptocurrencies, even the smallest ones.
How to buy Bitcoin Cash on the stock exchange
If you are looking for a place where you can buy a bitcoin cache with a minimum commission, then buying on the exchange is what you need. Recall that the exchange is a platform for cryptocurrency trading.
Does Bitcoin Cash have a future?
In short, we do not know. We have no idea what the future of Bitcoin Cash will be, and we cannot even imagine its impact on BTC in the long run. We only know that this is the first time that anyone has successfully bitcoin while maintaining records of existing transactions. What we received as a result of this experiment is a very interesting experience, which gave a lot of lessons.
At the same time, the block size of 8 MB is definitely a very attractive aspect, and it is unclear how this will affect miners in the future. Can this solve all scalability problems? Will BCH ever overtake BTC and become the main Bitcoin? At the moment, all these questions are only assumptions. We can say with confidence that there is a lot of interesting things ahead of us.
Science and Blockchain –What’s the Connection?
Wait, did you say science? Why would science possibly need any assistance?
Well, it isn’t only about who wins the Noble Prize or what disruptive developments needs taking care of. It is much more than that.
Researchers across the globe don’t only have to solve worldly problems, they also have to deal with the threats that someone else might be credited for their years of hard work. Furthermore, there is also competition for funds. It isn’t every day that someone with a huge investment would invest their finances on some novice researchers. Mostly, the funding goes to researchers with the best track record and distinguished achievements, leaving many capable researchers with great ideas but zero investment.
Imagine this: A pool of highly-intelligent and creative young minds go unused and unheard. Without significant experience or a Ph.D. title before their names, many enthusiasts and researchers go unheard of despite their brilliant ideas to fix some of the most significant worldly issues.
This barrier makes it almost impossible for high spirited individuals to ever showcase their skills and expertise. Sorry to say but academic organizations have done little to nothing to encourage new researchers. This is why more and more researchers are now relying their hopes on the non-traditional agencies promising them exposure.
Will A Decentralized Approach Help The Clinical Neighborhood?
Yes, and not just scientifically.
It isn’t only science that faces this dilemma, even STEM fields suffer from the same. There are always cases of duplication and fragmentation across disparate groups. But there is a solution.
Matryx is a decentralized platform featuring distributed partnerships at different levels of innovation.
Can Matryx really help advance innovation?
Again, yes! Here’s how.
- For novices: Beginners at research won’t have to rely on their Ph.D. degrees to have their idea a voice. They will no longer be shunned or asked to offer assistance in somebody else’s project until they gain some experience.
- For Professionals: Experts won’t have to go door to door or sit through countless interviews to get funding for their task. They also won’t have to prove from time to time that they have the resources to begin a project or persuade others that their research is worth their time and investment.
- For enthusiasts: Those who wish to conduct research merely out of passion and interest will have direct access to a number of issues that need solving. If they want, they can contribute their time, mind and resources on projects they find interesting.
It is only because of platforms like Matryx that boost the rate of innovation and development by lowering entry and participation barriers.
How Does It Work?
Matryx uses VR and blockchain.
It uses (blockchain) smart contract systems to create rewards and incentivize options. People post their problems, add a bounty for anyone wishing to resolve it. The results are then shared and the individual who solved it gets the reward for it. All the submissions then go to the library and buyers can later purchase them via MTX tokens. Making use of tokens allows Matryx to continue supporting upgrades, update functions and enhance current services as per user demands.
Small contracts reduce the tension of compensating and tracking the contributors. When users compete for bounties, every competitor’s proposed solution is managed by contracts. Thus, the origin of the idea and whoever proposed it becomes traceable. This makes rewarding bounties fair and open.
Card Review: ANXPro Bitcoin Debit
The popularity of debit bitcoin cards is growing on the world market in direct proportion to the growing popularity of cryptocurrencies. Along with them, the number of offers of debit bitcoin cards is growing. When choosing your card for the simple use of cryptoactive assets in everyday life, you should consider the features of the services offered. Most of the information about a company offering a bitcoin card is available on its official website. We offer a brief overview of the card offered by the Bitcoin exchange ANX International.
ANXPro cryptocurrency card is one of the most common at this time. Its main feature is a low commission rate: only 1.5% is charged for converting foreign currency (while other manufacturers of BTC cards take 2 times more for their services). Also, ANXPro can be noted a low fee for withdrawing cash from an ATM – 1%. At the same time, most of the existing Bitcoin cards currently charge a fixed rate for cash withdrawals – from 2 to 4 US dollars.
ANXPro Review
This Bitcoin card is currently supported by two systems – VISA (virtual only) and Mastercard (plastic with a PIN code and a special chip). GBP, EUR or USD are supported as major exchange currencies. Thus, users can pay for purchases / services (online and offline) almost everywhere and, moreover, without commission.
For the release of plastic will have to pay 17 USD. You can order it for 130 countries of the world (whether the card is supported in your country can be found on the official portal of this company), delivery takes about 1-2 months. To issue a card, you will need to go through a verification process, which will require several of your identity and residence documents (the identity verification process takes up to 10 business days).
Bitcoin card itself ANXPro was created in 2014. During all this time of promotion, the company has been actively developing and now users using this system even have the opportunity to synchronize their mobile and online BTC wallets with this debit card. When each card is issued, the BTC address of the user is written on it, this makes it possible to quickly deposit funds into the account or convert them to another currency.
Pros and cons of ANXPro
From the advantages of ANXPro, it should be noted that the founders of the company do not try to somehow hide the fees for their services or the particularities of using cards. The main feature of ANXPro is the provision of services for unverified users, although there are some restrictions for them. Verified users can make an unlimited number of transactions on the Internet, unverified users are limited to the amount of 1000 USD.
There are several downsides of the card and the main one is that the company issuing cards are located in US and for now company issues cards only in the region of their operation.
Charged fees
The commission for converting a cryptocurrency Bitcoin to other currencies in the ANXPro system is 1%, and for a transaction in fiat currency – 3%. Thus, in order to pay for the purchase you will have to pay 4% of the commission of the entire amount. Thus, although the commission for conducting operations using the ANXPro Bitcoin card is slightly above average, however, this company really treats its users honestly.
Review recap
The use of Bitcoin cards is increasingly growing among all ordinary investors in the world. Many crypto users currently prefer to keep their savings, not in fiat currencies, but in any known digital currency (for example, in Bitcoin). This allows you to save the capital from inflation, as well as multiply them several times over the long term. Previously, using cryptocurrencies to purchase / pay for services was inconvenient. However, cryptocards now allow you to actively manage digital assets around the world and pay for their purchases. And the commission is charged very small.