https://padlet.com/violajaymer/9b007vt5s569 This Padlet will focus on Social Media and its involvement in Crypto Currencies rapid growth. en-us 2018-04-02 23:02:06 UTC 2023-01-06 04:37:23 UTC hello@padlet.com violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953164
Social media platforms such as Facebook, Whatsapp, Messenger, Reddit, Tweeter, Dark-web and more similar platforms, were critical part of Crypto currencies rapid growth over the years, because development, communication and operation, among, developers, investors and miners, all take place on social media. 
Another factor that speed up crypto currencies growth is the development of quick news from social media influencers, from twitter, YouTube, Instagram and more aside from the mainstream media. 
Crypto ]]> 2018-04-02 23:32:10 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953164 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953235 Social media is used as a source of information for people who are trading crypto currencies because of the speed of news, social media also allows people to narrow the news that they want to hear and see, giving a more filtered and useful information when trading crypto currencies. ]]> 2018-04-02 23:33:03 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953235 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953335 Crypto currencies popularity also raised several alarms, especially for China, famous for their censorship and control over everything within the country, Chinese Government create crack downs and tighten regulation in an attempt to discourage people from using the technology. In an attempt to overpass Government regulation people turn underground trading and opened opportunity for underground online platforms in the Dark-web. ]]> 2018-04-02 23:33:57 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953335 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953348 Many people avoid crypto currency because of the stigma that surround it. Although it was mainly use for underground transaction in dark web in the past, through social media, many of the misconception have been cleared and is now making its way to becoming a popular currency world wide, even traded in wall street. ]]> 2018-04-02 23:34:03 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953348 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953364 The very first Bitcoin purchase on May 22, 2010 was over 2 pizzas that cost 10,000 Bitcoin (BTC), It was a big mile stone in Crypto currency. News of the purchase spread around Internet Relay Chat(IRC) and forums like Bitcointalk.org, today those 2 pizza would be worth $75 million BTC.]]> 2018-04-02 23:34:09 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953364 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953369 Social media is creating a ripple effect and giving influencers and curator a platform to write contents, for example, Ivan on Tech, 
YouTube Channel, Informs people on crypt currency.
Media coverage played a major roll in putting Crypto currency on the spot light, during initial stages of development and release, only a handfulf people were aware of its existence and were able to participte in its network, Not until bitcoin entered mainstream median and social media influencers that Crypto currency gain rapid popularity.


]]> 2018-04-02 23:34:13 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953369 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953382 Over the years more and more companies are accepting Crypto currency payment, mainly bitcoin. Involvement of major service providers and retailer influence other companies to participate. The following major retailers and service provides accept bitcoin payment; Overstock, Expedia, Microsoft and even Tesla Model 3 for 2.413612 BTC.]]> 2018-04-02 23:34:23 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953382 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953390 The article talks about the potential to create a new version of social media using the block chain technology that runs the various crypto currencies. One  potential feature of  Social Media 2.0 is decentralized content control; the plan, is to run the entire platform administration on blockchain, eliminating the need for central server, this feature will give control to the users, and the whole network will be responsible for keeping track and control, making the platform truly democratic. 
Crypto based social media platform will ensure privacy and security of users, this feature is especially useful in countries with repressive Government with little to no freedom of expression, an example of a company working on a secure blockchain based messaging platform is Obsidian. 
Cryptobased social media platform will improve payment protocols. Online payment transaction are especially costly because of fees and third party application involve, however with cryptobased social media platform users will be able to pay with native coins of the platform thus reducing potential fee and third party expenses.]]> 2018-04-02 23:34:26 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953390 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953401 Facebook, is planning to create their own crypto currency, although it's still unofficial, this definitely reinforce the relation between social media and crypto currency, given Facebook's size and popularity it will is safe to assume an ICO above 1 billion.  

]]> 2018-04-02 23:34:33 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953401 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953407 To prevent fake news in social media platforms like Facebook, plan to create a crypto currency that would award people crypto currency for detecting fake news, fake users, fake likes and more. ]]> 2018-04-02 23:34:37 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953407 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247953421 "A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography." Wikipedia]]> 2018-04-02 23:34:47 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247953421 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247957844 One of the biggest milestone in Blockchain Technology is having it replace fiat currency, although "Petro" hasn't fully replace fiat currency for Venezuela, it creation spark many debates among countries, that it's motivating other to do the same and having other countries fear it because of the possibility of destroying their local currency. ]]> 2018-04-03 00:21:59 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247957844 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247959941 1.) https://wersm.com/how-social-media-continues-to-drive-cryptocurrency-success/
2.)https://en.wikipedia.org/wiki/History_of_bitcoin
3.)https://www.coindesk.com/tesla-model-3-bitcoin/]]> 2018-04-03 00:39:51 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247959941 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247965367 "Venezuela has launched an Ethereum-based cryptocurrency called Petro to help stabilize the country's economy." Social Media is one of the primary way of exposure for Venezuela's new currency, it been talked about in twitter, youtube and more.]]> 2018-04-03 01:27:24 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247965367 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247983732 2018-04-03 04:06:30 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247983732 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247983986 "Steem was created to empower people across the world and incentivize good discussion on the internet.  The underlying technology is open source and free for anyone to build and enhance upon."]]> 2018-04-03 04:08:46 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247983986 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247985734 2018-04-03 04:26:17 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247985734 violajaymer https://padlet.com/violajaymer/9b007vt5s569/wish/247985870 China business accepts BTC!]]> 2018-04-03 04:28:12 UTC https://padlet.com/violajaymer/9b007vt5s569/wish/247985870