Author: Charles Wundengba

  • PRO: What You Need to Know About This New Cryptocurrency

    PRO: What You Need to Know About This New Cryptocurrency

    Those familiar with cryptocurrency may attest to the fact that it is very difficult to predict what will happen next in this ever-growing industry. Everyday more people around the world are becoming aware of cryptocurrency. Bitcoin, being the first cryptocurrency, has laid a solid foundation for the development of other cryptocurrencies i.e. using blockchain technology. Ever since Satoshi Nakamoto created Bitcoin, many other developers have come up with different cryptocurrencies using the blockchain platform. Now, on to the latest cryptocurrency which is in its Initial Coin Offering phase — it goes by the name of PRO. Let us see what PRO cryptocurrency has to offer:

     

    According to Crypto Announcement, PRO just like Bitcoin is designed to use blockchain technology. Its developers claim they are targeting the E-Commerce industry where merchants can receive payments on a secure platform. They say, since most consumers are determined to save, they will create an application where consumers will receive crypto-rebate rewards through the coin-back platform. The coin-back platform works as follows: incentives will be offered to online consumers who will shop at their favorite shops and become speculators.

    The Initial Coin Offering (ICO) commenced on Jan. 18, 2017 and it’s expected to run for 40 days meaning it will end on Feb. 27, 2017. 15 billion coins are to be offered and each coin is to be sold at a fixed rate. Currently, the price is $0.30 per coin but the price will rise to $0.035 on Feb. 4, 2017.

    The developers believe that PRO cryptocurrency, just like other cryptocurrencies, will gain its value from involvement — hence the 15 billion coins, which will make it a social coin.

    If you are there thinking that this ICO is a scam, relax, because it isn’t. The developers will hold all the unsold coins in Escrow, and all the Escrow addresses will be shared with the public to maintain transparency. According to Bitcoin Talk, make sure you always use an Escrow service to reduce the chances of getting scammed.

    Just to discuss a few pros of this new cryptocurrency: due to the fact that it uses blockchain technology, each and every transaction is validated by multiple sources. This means it’s impossible to create fraudulent transactions. Another advantage of this cryptocurrency is there are no floating exchange rates involved, hence no additional costs such as brokerage costs. It is also very simple to use and therefore user friendly. The only con I can think of is the fact that PRO is relatively new in the industry, and hence untested. But that is not necessarily a bad thing.

    Most of the cryptocurrencies users like them because of their decentralized nature i.e. they are not controlled by the government — or by anyone for that matter. With PRO cryptocurrency, you can continue enjoying that freedom. Its developers have referred to it as “the future of E-Commerce”. Well, I can’t verify that for sure, but this cryptocurrency is certainly worth a try. To all cryptocurrency lovers hurry up before the ICO ends and get yourselves this coin and enjoy the incentives being offered. For more on this new and exciting cryptocurrency visit: http://www.cryptoannouncement.com/.

  • Blockchain Academy to Launch in Indian State of Kerala

    Blockchain Academy to Launch in Indian State of Kerala

    The Indian state of Kerala will soon have its own blockchain academy – the second such institution in the country.

    A collaboration between the Indian Institute of Information Technology and Management Kerala (IIITM-K) and the Blockchain Education Network (BEN), the academy will focus on research innovation and consulting. Specifically, it will focus on exploring blockchain use cases in banking, healthcare and governance.

    India’s first blockchain academy was set up by Primechain Technologies Private Limited in Baner, near the major city of Mumbai. It offers several courses for both developers and those who wish to learn more about the tech.

    The latest Kerala enterprise was announced by Dr Rajasree M S at blockchain conference held recently at Technopark in Kerala’s capital Thiruvananthapuram, according to reports.

    The conference also featured Dr Dilip Krishnaswamy, senior research scientist for IBM Research Labs, and Michael Gord of the BEN, who spoke about the benefits of blockchain during a video conference.

    Notably, IIITM, the institution co-founding the new academy, is a supporter of the Maker Village project in the Keralan city of Kochi. Maker Village is an electronics incubator that views blockchain as relevant in developing IoT solutions for machine-to-machine payments.

    India is no stranger to bitcoin and blockchain news. Last week, Reserve Bank of India (RBI) deputy governor Rama Subramaniam Gandhi commented that the potential of blockchain-based currencies is “being overstated”. Bitcoin’s lack of central authority and pseudonymous nature mean it is unlikely to replace central-bank issued currencies, he argued.

    The RBI also recently published research on how to digitize the country’s national currency, the rupee, with the ultimate aim of removing physical cash from the Indian economy.

  • 10 things to change in Ghana

    10 things to change in Ghana

    Allow Full Local Freedom

    1. Allow full local freedom and empowerment- to elect their town council and Mayors, and District and Regional Chief Executives, to design their own budgets, including property identification with street name and house numbering and NATIONAL ID NUMBER for every citizen and Resident or Taxpayer, to facilitate database creation and planning.

    Allow Better Citizenship

    2. Allow better citizenship participation in our democracy- all elected officials should have open working phone, email and mail documentation systems to receive and record inputs from the public.

    Ban Open Gutters

    3. Ban Open Gutters and open defecation in Ghana, as a National law enforced by local governments and monitored by national officials.

    Have All Ministers

    4. Have all Ministries develop *performance monitoring indices* posted on their websites, eg-
    – Ministry of Health – condition of health care facilities and services;
    – ministry of roads & Highways- monitoring for poor road conditions across the country, etc

    The President

    5. The President should have more open communication with the people, instead of through surrogates or communication experts

    All Ministers

    6. All Ministries and Agencies should have their experts answer public questions on problems or challenges, not PR offices. Example Chief Engineers of ECG and VRA and GRIDCO should answer questions.

    Hold Chief executives of Public Agencies responsible

    7. Hold Chief executives of Public Agencies responsible for Defining Goals, Meeting schedules, Quality Performance and Service Delivery

     

    Every Ministry and Public Agency must have Quarterly and Annual Public Reports

    8. Every Ministry and Public Agency must have Quarterly and Annual Public Reports and Meetings (as required of American corporations), and showing and justifying the service they deliver to the nation, and work towards improvement on performance matrixes.

     

    All MPs, Ministers, Public Official Executives should be paid a flat salary

    9. All MPs, Ministers, Public Official Executives should be paid a flat salary and no vehicles or petrol. 1 or 2 vehicle per 100 employees of an Agency or Ministry may be sufficient and managed by the Executive secretary with a log of maintenance and records.

     

    Revive Ghana’s Economy

    10. To revive Ghana’s Economy, Government should

    – reduce the cost of government through expense reduction to match revenue projections
    – Reduce national borrowing interest rates by stopping to issue Government Bonds and CDs above 5%, and
    – regulate Bank margins to 5%, this making borrowing in Ghana reasonable at or under 10%.
    • In addition When cost of borrowing is drastically reduced, inflation rate will reduce and manufacturing stimulated.

    Dr. Kwaku A. Danso, Mar.5, 2017

    Author:
    Leadership Concepts and the Role of Government in Africa: The Case of Ghana (Danso, Kwaku A., 2007, XLibris)
    (Submitted on request to Dr. Suzanne Quartey- as a Spontaneous Q&A)

  • President of Ghana’s Speech on 60th Anniversary.

    President of Ghana’s Speech on 60th Anniversary.

    SPEECH DELIVERED BY THE PRESIDENT OF THE REPUBLIC, NANA ADDO DANKWA AKUFO-ADDO, ON THE OCCASION OF THE 60TH INDEPENDENCE ANNIVERSARY CELEBRATION, AT THE INDEPENDENCE SQUARE, ON MONDAY, MARCH 6, 2017 (more…)

  • I Believe in Africa (YALI Theme Song) by LAMBOGINNY

    I Believe in Africa (YALI Theme Song) by LAMBOGINNY

    ‘I Believe in Africa’ is a master piece written, composed and sang by the Nigerian Dance-hall/Afro-beat singer Lamboginny, in way of supporting the Young African Leaders Initiative of empowering young leaders. (more…)

  • 4 Things I Learnt From My High School Mentor About Leadership

    4 Things I Learnt From My High School Mentor About Leadership

    How does it sound when you are to word out the values you gained from the relationship you had with a Person from the Past who seemed to have gifted you Time to share his insights everyday? (more…)

  • What’s the Big Deal About Bitcoin Above the Gold Price Anyway?

    What’s the Big Deal About Bitcoin Above the Gold Price Anyway?

    As the Bitcoin price approached parity with the gold price, the significance of the price event elicited much debate in the Bitcoin Community. While many bitcoiners take bitcoin-gold price parity as evidence of the digital currency’s continued success, some analysts suggest the event is meaningless.

    “What is even a troy ounce?” Josh Crumb, Bitgold (now Goldmoney) co-founder and CSO, tells Bitcoin.com. “Is it the same unit as a bitcoin? The value is not truly at parity, as gold is still a 322 times larger market than bitcoin,” he reasons. “If some other company achieves the same share price as Apple, you don’t say it’s reached parity with Apple. You have to look at the market capitalization.”

    Mr. Crumb Questions What One Unit of Troy Ounce Gold Represents When Compared to One Bitcoin

    “Comparing the bitcoin and gold price is meaningless,” he concludes.

    What’s the Big Deal About Bitcoin Above the Gold Price Anyway?
    Previous gold-bitcoin price parity events have been questioned due to issues with Mt. Gox price manipulation.

    As a gold bug, analyst for gold dealer Miles Franklin, Andy Hoffman, long looked at the bitcoin price next to the gold price with a bit of longing. It had been so successful so fast.

    “I remember back in May 2016, on a chart, a cup and handle formation in bitcoin had formed since the Mt. Gox crash,” the monetary expert tells Bitcoin.com “It looked like the chart for gold, but going all the way back from 1980 to 2005. So, bitcoin’s chart looked like gold, but took just three years to form, while gold took an entire 25 years to form. There are a lot of similar kinds of things going on because of technology advancing so rapidly, and fiat currencies declining so rapidly. Bitcoin’s learning curve in terms of storage value and currency has been faster.”

    He adds: “Gold and silver are the tortoise, and bitcoin is the hare. It’s growing so fast as a new technology. All-in-all, Bitcoin, gold and silver are fighting the same fight, and along the way bitcoin is going to take a lot of flak.”

    There is Some Correlation Between Gold and Bitcoin Prices

    “We do see a lot of interesting patterns whenever gold and bitcoin move independently,” BitStamp CEO Nejc Kodrič tells Bitcoin.com. “If you look at both graphs, whenever gold is rising and bitcoin is falling, we here at Bitstamp see bitcoin volume increase. People sell bitcoins to buy gold. The reason for it is, those who do this still find gold to be valuable as the oldest and the best old form of value. Gold is still the safehaven for many bitcoiners. We are seeing more and more people realizing the complementary aspects between gold and bitcoin.” Bitstamp allows clients to take physical gold delivery when selling bitcoins.

    By 2013, Bitcoin, Long-Called Digital Gold, had Attracted Many Young Gold Investors

    Mr. Kodrič believes: “Parity is a monumental moment in time because it is happening for the first time.”

    Many contend the two have a symbiotic relationship, as gold banks have studied blockchain technology and how it could improve gold storage and accountability. As well, Bitcoiners have created physical silver and gold coins backed by bitcoins.

    Some contend that, if Bitcoin fails as a medium exchange due to scalability issues, then it could still succeed as a digital store of value – that is, a ‘digital gold.’