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Vitalik Buterin Tricks with Ethereum (ETH) and Trolls Tron (TRX) for Plagiarism

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Vitalik Buterin

Vitalik Buterin, who is the creator of Etherium had stated earlier about executing a currency cap into Ethereum network that blocks the circulations of reward to participants.

Furthermore, Vitalik Buterin proposed about 120million Ethereum on its network and he has also stated on GitHub, about removing the inflation in Ethereum by topping the maximum amount of ETH at 120,204,432- which is twice the amount of Ethereum traded at the real price.

However, Buterin wrote this on GitHub,

To ensure the economic sustenance of Ethereum network under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quality of Ethereum.

It is important to know that Buterin’s statements were issued on 1st of April. As a result, lots of viewers doubted whether it was true or a joke (although some viewers spoke on the advantages), due to the time the statements were published – the April fool’s day!

Interestingly, Buterin had later shown on Monday through his tweets that his statements were jokes – some sorts of ‘meta-joke’ so as to allow people not to debate on the details of the proposal and to see whether or not it was real.

Buterin had also argued that it doesn’t matter whether the joke was made or not as the statements made by him should be ascertained on their facts. “If the community wants fixed supply and people believe that EIP 960 is a good way to achieve that, then it should adopt the proposal. If the community does not, then it should not. This is true regardless of whether or not the original intent was in jest.” Buterin stated further.

The Ethereum creator also made it known that a stable supply of ETH is “something to consider,” due to the fact that the change of Ethereum to a Proof-of-Stake agreement will discard the need for mining and also permit the platform to distribute payments without creating new crypto-coins. “Cryptocurrency can avoid being too inegalitarian through the emergence of new coins, not through any single coin being super-inflationary,” Buterin also said.

Vitalik Buterin Trolls Tron for Piracy

That all said, it is also necessary to know that the joke made by the Ethereum creator on April fool’s day was not only the trick that was made on that day.

Stating on the blog which is owned by Ethereum Foundation, Buterin projected an approved ETH stablecoin also known as “The World Trade Francs” – The World Trade Francs is a stablecoin for the future of cryptocurrency industry and technology.

Although, the prank made by Buterin was a noticeable one than the joke on Github. The latter prank had an elusive jag that most people couldn’t take note of. Buterin publicized that about 20% of the posts were plagiarized from the Tron site. Which implies that the whitepaper by Tron was copied from other projects.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of TechCrunch via Flickr

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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