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Pantercon: With crypto currencies (Bitcoin) to financial independence?

Wallet – the purse of the future?

Pantercon: With crypto currencies (Bitcoin) to financial independence?

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The Pantercon Crypto One-Time One – Part 3: What is a Wallet?

The term „wallet“ comes from English and means purse, purse, purse – as you might call it.

A wallet is an application with which the private key, the access or security key to access the crypto coins and make transfers, etc., is secured.

The coins are never stored on the wallet, they are only on the blockchain. The wallet only gives access to them. With a bank account, for example, the money is not stored on the ATM card, but at the bank.

What types of wallets are there?

There are different types of wallets that can be used at will. There are also two types of storage – Cold Storage and Hot Storage.

Cold Storage:

Cold Storage – Cold storage refers to the offline storage of the Private Key, which is neither stored in Apps nor anywhere else on a PC or the Internet. It is a somewhat cumbersome solution, but the most secure.

– Brain Wallet

The Brain Wallet is the safest variant, but requires a very good memory. A private key or a seed with a mnemonic generator is created beforehand. This is a sequence of a certain number of words from which the Private Key is derived. These words can be learned by heart and remembered in the head, it is not written down anywhere. If the word sequence is forgotten or only one letter is wrong, the access to the crypto coins is lost.

– Paper Wallet

The Paper Wallet is not a digital wallet in the true sense of the word, yet it offers the possibility to store crypto currencies securely.

For this it is also necessary to create a private key. This works with certain programs e.g. with a mnemonic generator. There are also programs, where e.g. only the mouse has to be moved back and forth a few times and a random key is calculated from these movements. For this process it is advisable to disconnect the computer from the Internet, so that you can work completely offline.

The calculated key consists of different characters, or the seed of words, which should be noted on a piece of paper. A pencil is best suited for this, it does not bleach even after years. In addition, the piece of paper should be stored in a plastic bag so that no humidity is added, preferably in a safe.

Those who manage a large amount of coins can also store this paper wallet in a safe.

In the case of a paper wallet, only incoming money is usually booked. As soon as an outgoing transfer is made, an Internet connection is necessary, which represents a security gap. For this reason, a new private key should be created and the remaining coins sent to the new public address.

The paper wallet is usually used when coins are left lying around and no transactions are to take place.

Personal tip: Write and laminate a private key or seed with a pencil, firmly pressed on 2 small index cards. Then keep the paper wallet in 2 different places.

Hot Storage:

Hot Storage – Hot storage means that the Private Key is either stored somewhere online, or secured in software that has access to the Internet. This method is convenient, but also riskier than cold storage.

– Soft Wallet

The Soft Wallet is a software application that is available in different versions for the computer or smartphone. They all work according to the same principle, they remember the private key. To log in, you need a password that you can assign yourself. This is the insecurity of the matter, because many use date of birth or similar, easily remembered combinations of numbers or letters.

It is important to choose a secure password that no one can guess. It is also necessary to always use new operating system software and an up-to-date anti-virus program that protects against unwanted access.

If the private key is entered in the wallet software, crypto currencies that are available can be transferred or bought.

Soft wallets are usually limited to certain crypto currencies and, if several currencies are used, several wallets must also be used. Our future Pandora Wallet will be a universal multiwallet that will allow you to manage many different coins and tokens.

– Crypto Exchange (Online Wallet)

It is also possible to store the private key in so-called online wallets. Newcomers to the crypto sector in particular often make use of this convenient offer, as these online wallets are offered directly by trading exchanges where coins are purchased. They offer a particularly friendly user interface. It is practical and simple, but also the most insecure variant. The private key is not managed by the exchanges themselves, but is cryptographically encrypted. You don“t know your own Private Key!

The risk of such a stock exchange being hacked or otherwise losing your coins is given.

You also don“t give your bank card with secret code to anyone, so that he takes care of it and takes over the withdrawal of money.

The mixture does it:

– Hard Wallet

The Hard Wallet is a combination of Cold Storage and Hot Storage. Although it is connected to the PC and the Internet for use, the private key always remains stored offline on the hard wallet.

There are different types of Hard Wallets e.g. LedgerNano S, which we can recommend from personal experience. There are alsoTrezor, KeepKey and others.

They are small devices that are connected to a PC to store the Private Key or several Private Keys on it. They are only connected during use to the PC that has an Internet connection. Otherwise they are offline, the PC never accesses the Private Key, which makes them very secure.

It is definitely worth buying a Hard Wallet, but you should make sure to choose a reputable manufacturer to ensure security. There are enough scammers who pass fake hard wallets off as real ones.

Important: The Private Key must never be given to third parties and must not get lost! The loss of the Private Key means the complete loss of the coins!

To be on the safe side, a large fortune of coins should always be divided between several Private Keys.

Conclusion: The simplest and most common variant is certainly the Soft Wallet. If a reputable wallet software is used, the virus protection is always up-to-date and you always have an eye on it, this is definitely recommended. If higher amounts are involved, or if transactions are rarely carried out, the Paper Wallet is advisable. With the Hard Wallet, constant inputs and outputs are possible, it is in principle recommended for every krypton user.

Previous articles:

Pantercon informs – Gold, Money,Crypto, Bitcoin, Gold-2.0

The Pantercon Crypto times table – Part 1: What is Money?

Startup Pantercon:
Wir schaffen eine Plattform, auf der es den Start-up Gründern mit innovativen, zukunftsorientierten Ideen erleichtert wird, Kapital zu erlangen, ohne sich der Bank, Crowdfundingplattformen oder dem immensen Aufwand eines ICO`s stellen zu müssen.

Contact
Pantercon
Manuel Sparer
Walchseestrasse 8
6342 Niederndorf/Tirol
Phone: +43 664 2605700
E-Mail: info@pantercon.com
Url: https://pantercon.com

Pressemitteilungen

The year of LIOcoin

A year in review

The year of LIOcoin

February 2018 – The first German crypto currency is born. Named? – LIOcoin.
The successful young company is leading Germany into its financial future and exceeded all expectations this year.

A year in review:

Even in presale, LIOcoin surpassed all expectations. On February 20 with a price of €2.95 LIO went public and was able to sell 10 percent of about 4.2 billion LIOcoins during the first weeks. By the end of presales in May there was no doubt that LIOcoin is the most desirable crypto currency of the year 2018. Self-made billionaire Mario Daser confirmed this with his seven-digit investment in LIOcoin.
To stabilize the coin’s value, the company invested in promising start ups such as the Lifestyle company EvoDrinks as well as the real estate capital company Johnson Capital and many more.
LIOcoin also invested in precious metals like gold and silver.
The impressive company start has been followed by optimizations of the mining process of the LIOcoin – it now takes only half a minute to mine one coin. In addition, LIOcoin improved the blockchain process to guarantee the best customer experience.
In September 2018 the wait came to an end. At this point LIO users could start trading – the first listing on a high-quality trading platform.
Two months after this first milestone, a cooperation with a private bank located in Munich came about. Simultaneous negotiations with the goal to introduce LIOcoin as a digital state currency with different states commenced. These, as well as negotiations with another international banks are still in progress and will most likely be completed by the end of the second quarter of 2019.

The future of LIOcoin:

LIO-App will launch by the end of 2018. The app is a multi-currency-app designed to control and manage all digital wallets, which exist on every crypto currency platform. What is unique about LIOapp is that it will allow users to manage all wallets in one app. LIOcoin is also negotiating with different online shops and app providers to establish LIOcoin as means of payment. The app will be available in the app and the play store.

During the first quarter of 2019 LIO will be listed on one of the first European crypto exchanges (Euro-BTC.org) based on blockchain, where the 20 most lucrative currencies, such as Bitcoin, Ethereum and LIOcoin, will be traded.
New cooperations are anticipated, starting with negotiations with a full-service bank located in Europe. This would mean a personal credit card with wallet connection and IBAN account for every LIOcoin customer guaranteeing even easier use of the crypto currency.

Furthermore, negotiations between representatives of different states and LIOcoin are planned, to negotiate the launch of LIOcoin as a more versatile payment option in the process of preparing the public sector for a shift from Fiat money to crypto-currencies.
One of the first steps next year will be the optimization of the LIO website as well as the wallet for an even easier use of LIO-App.

About LIOcoin:
After years of work, the crypto currency LIOcoin launched in 2017 under the roof of the Global Cybersecurity Ltd. & Co. KG located in Cologne and
London.
The vision was simple: A coin for everyone to use everywhere – because we believe that crypto currencies are the future of money. The coin is a
hybrid coin that is based on two popular blockchain systems and it is minable, which means that the coin is a product of computer based calculation
processes. We estimate that about 16.8 billion LIOcoins will be mined over the next few years.
Our mining system is characterized by extremely time and energy efficient and therefore resource-friendly computational methods.
Moreover, LIOcoin is an „Asset-backed Coin“, which means that a substantial part of the funds from pre-sales is reinvested in collateral like promising
start-ups, commodities and real estate.
( http://tecfin.info/).
Since September 2018 LIOcoin has been listed on BTC- Alpha, more platforms will follow.

Company-Contact
LIOcoin
Sinthujan Balasingam
Hauptstraße 134
41134 Cologne
Phone: 015224244619
E-Mail: rk@lio-coin.eu
Url: https://www.lio-coin.eu/

Press
TM2020 New Media
Rebecca Koestner
Kurfürstendamm 217
10719 Berlin
Phone: 015224244619
E-Mail: rk@2020newmedia.com
Url: http://www.2020newmedia.com/index.html

Pressemitteilungen

Pantercon informs – money, crypto currency (Bitcoin) financial market of the future?

Crypto money – the new gold? Or even the new freedom …

Pantercon informs - money, crypto currency (Bitcoin) financial market of the future?

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The Pantercon Crypto One-Time One – Part 2: What is a crypto currency like Bitcoin?

Real currencies, as explained in the last article, are used by everyone, but they are centrally controlled from a location that doesn“t necessarily bring benefits. The crypto currency, on the other hand, is a product of the blockchain and completely decentralized, because nobody has control over it and everyone can use it anywhere and at any time.

The Bitcoin was developed in 2008 by Satoshi Nakamoto. You don“t know who or what it is, so Bitcoin can never disappear or be banned because there is no company. The Internet should be banned. It is believed that it was developed to counter the banking crisis. The people had lost confidence in the banks and the financial sector, with the Bitcoin a decentralized currency was created, which should solve all these doubts and problems.

The price of crypto currencies is not set from one place, but is based solely on supply and demand.

How many coins does a crypto currency have?

For most crypto currencies, the maximum number of coins that can be issued is determined by a cryptographic algorithm at the time the coin is created and cannot be changed. This makes the coins secure and rare – it is a good „store of value“.

In contrast to conventional Fiat money, crypto currencies are not inflationary, but deflationary currencies. This means that there is not more money in circulation than there is, as with Fiat money, but less. This is because people lose their private keys and the coins stored on these accounts can no longer be used.

Crypto currencies are a „simple unit of account“, they are easy to divide. The smallest unit of e.g. Bitcoin is 1 Satoshi, which is 1 millionth Bitcoin.

The transaction of crypto currencies costs practically nothing and is done in seconds. This makes it a perfect „means of transport“.

Double Spending? What is it?

The problem of „Double Spending“, i.e. using the coins twice, is caused by the decentralization. Digital goods can easily be copied like photos, MP3s or even films. These copies are identical and free of charge.

In conventional, centralized financial systems, this is managed and controlled by a third party, this party is missing in decentralized systems.

This raises the question whether coins are not also easy to copy, like these goods? The answer is simple: no!

In the crypto currency systems the double-spending problem is solved by Formation of a decentralized and counterfeit-proof blockchain and its consensus solved (more on this in another article). The blockchain is an unchangeable transaction history of a decentralized community.

Where are crypto currencies stored?

Crypto currencies are stored directly on the blockchain. There is a difference between tokens and coins.

A token is a crypto currency that does not have its own blockchain, but is based on a foreign blockchain. For example, you can generate ERC-20 tokens via the blockchain Ethereum and give them any name you like, e.g. PANX.

Coins, on the other hand, are generated via the own blockchain. Bitcoin – bitcoin, Ethereum – Ether, just to name the best known.

Account formation plays an important role in the development of a financial system.

An account on a blockchain is usually created via a so-called „wallet“, a repository for digital currencies. Such accounts are not linked to the name and data of the account holder, but consist only of a „private key“ and a „public address“.

The Private Key is the personal, private key with which you can log into your account. It is a random number between 1 and 2² which is a 78-digit number. There are just as many variations of keys.

So you can imagine it better: It is estimated that the earth has a 51-digit number of atoms. An unimaginable number.

So there are almost infinitely many private keys that can be used.

If such a wallet is stored on the mobile phone and the phone is lost, the wallet is still there. As long as the private key is present, it can be restored anytime and anywhere.

The Private Key must not be passed on and must be kept in a safe place. If it is lost, the account cannot be restored and all crypto currencies on it are lost forever. If it is passed on to third parties, they can freely dispose of that account, it is as if the signatory number and the password of the online banking, including TAN numbers, were passed on.

Steal or hack coins?

In the media you often read that someone has had their coins stolen, this is only possible if the private key was either given away or not kept well enough and could be stolen. Hacking such an account or blockchain is not possible.

It is important to understand what the press means by blockchain hack, because they convey it wrongly, either out of ignorance or intention.

To transfer tokens/coins to customers, the stock exchange requires the private key, which they store in encrypted form. Since the control of the private key now lies with the exchange and not with the customer, it is always risky to leave large sums on Exchangers. Because if a brute force attack should take place, it can be that exactly your private key is among the stolen ones.

If one speaks of hacked, a hacker has succeeded in decrypting the private keys of customers by brute force attacks on a stock exchange and thus gaining control over their tokens/coins.

The public address is an alphanumeric code and is derived from the private key and generated automatically. It usually consists of 34 digits and numbers and is equivalent to the IBAN of your account. You can tell this key to people who should transfer coins to you. The other person only has to scan the code to your address or enter the code and you can transfer coins in any number. It is impossible to guess the private key by the public address.

Conclusion: Crypto currencies are absolutely forgery-proof and decentralized currencies, provided the account holder pays attention to his private key!

More articles:

The Pantercon Crypto One-Time One – Part 1: What is Money?

Startup Pantercon:
Wir schaffen eine Plattform, auf der es den Start-up Gründern mit innovativen, zukunftsorientierten Ideen erleichtert wird, Kapital zu erlangen, ohne sich der Bank, Crowdfundingplattformen oder dem immensen Aufwand eines ICO`s stellen zu müssen.

Contact
Pantercon
Manuel Sparer
Walchseestrasse 8
6342 Niederndorf/Tirol
Phone: +43 664 2605700
E-Mail: info@pantercon.com
Url: https://pantercon.com

Pressemitteilungen

Pantercon informs – Gold, Money, Crypto, Bitcoin, Gold-2.0

Why money is less safe than you think

Pantercon informs - Gold, Money, Crypto, Bitcoin, Gold-2.0

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The Pantercon Crypto times table – Part 1: What is Money?

Money is the primary means of payment today, but its value is not the same as it used to be. In order to understand the background exactly, we start at the very beginning – with gold.

How does gold work as money?

In the Stone Age, money in kind, commodity money and utility money such as animals, rare stones, shells, fruits, spices and much more were used as means of payment. But they were often difficult to handle, because every single thing had a different value. Not even 2 cows necessarily had the same value – one gave more milk than another.

In order to simplify the barter transactions, the people used starting from approx. 1000 before Christ, primarily gold, so-called coin money as means of payment. Around 500 B.C. King Croesus had the first coins minted. It had certain advantages over all other goods and fulfilled the criteria to be officially recognized as currency or means of payment.

-Gold is rare and cannot be reproduced, changed or died. Therefore it is a good store of value.
-It is transportable – compared to animals it is a good means of transport, because it is small.
-Simple unit of account – 1 ounce of gold always has the same value as another ounce of gold, there were no differences

Gold had no intrinsic value such as animals or rice, which one could eat, or fabrics from which clothes could be sewn. Gold was „only“ gold and served „only“ as a means of payment. For example, a gold chain could be made from it, but it was still gold. Trust in gold was the only value and since everyone used and accepted it, the value and trust increased. Trust is the most important factor for a means of payment.

Gold was a decentralized means of payment. That is, there was not one place that spent gold, but anyone could get it out of the ground and use it. Everyone and yet nobody had control over it.

But gold also has its disadvantages:

-It is rare, but counterfeiters added copper to increase the quantity.
-It is small, but heavy and therefore the transport is not always comfortable.
-It is difficult to share, e.g. in shops. You couldn’t just cut off a piece of the ounce

From gold to money

Around 1500 A.D. people found a seemingly perfect solution. Promissory notes. The bank issued a promissory note for the value of the gold deposit. This reflected the exact value of the inlaid gold and was thus covered in gold. This is also called the gold standard, which applied from 1870. Gold standard means that the bank was obliged to redeem the promissory notes.

Thus paper money was born and had some advantages:

-Since it was tied to gold, it was just as rare as gold, so it had the same value. Due to the elaborate design of the promissory notes, they could not be forged. It was therefore a good store of value.
-The paper money is small and light and therefore easy to transport, so it is also a good transport medium.
-It is easy to divide, as there are different size units, so a good unit of account is a good one.

By making it used by all people, everyone had confidence in it. If you had brought it to the bank, you would have easily recovered the gold you had put in before.

What’s Fiat money?

Paper money was the perfect means of payment until the central banks made a big mistake in the 1944s. They considered the gold standard, which had already been suspended during the First World War, unimportant, because nobody intended to exchange the paper money back into gold and slowly abolished it.

From 1944 to 1971, only the dollar was tied to gold. Gold cover in the dollar was replaced by unofficial oil cover after a massive crisis in the 1970s. Thus, King Dollar could keep the trust of the people but the gold standard and thus the real value was no longer available.

They began to print more money than the equivalent in gold was available and they continue to do so. It’s like taking a banknote at home and copying it. That is forbidden for you, but the central banks are allowed to do it, and they alone are allowed to do it! It is only possible for the central banks and allowed to produce the money, so it is central.

Digital with electronic money it is even easier to increase money. It can be multiplied quite simply, that is how it is usually done – it is created out of nothing.

By this money multiplication the value of the money sinks approx. 4-5% per year – this is called inflation. If one calculates the value of a 100EUR bill at the beginning of the Euro issue and now 16 years later, then it is clear that a 100EUR bill is far from worth 100EUR anymore, but not even half. In principle a banknote is not worth more than a piece of paper. Thus, it has lost the criterion for a good store of value.

The fact that it is centrally controlled by one body, namely the central bank, has disadvantages:

-It has full command.
-The bank can determine when money can be withdrawn
-She can also determine how much money you can withdraw.
-It determines who can have an account
-The bank can simply freeze an account, you don’t get a cent more! E.g. Greece or Cyprus and also with us such a scenario would be theoretically possible overnight.

Just like gold, money has no inherent value, the value is based purely on trust. But since everyone around the world accepts today’s money, trust is assured.

If every person would go to the bank at the same time and claim the saved money, there would be a massive problem. It is not available! It exists mostly only digitally and also in gold it could not be paid out, because the value is not covered for a long time any more. Nowadays money has absolutely nothing more to do with gold and is therefore called Fiat money.

It is to be hoped that this scenario does not arrive, because if it did, the financial world would collapse on the spot and chaos would break out.

If the cash were to be abolished, as the plan has already been expressed several times, the central banks would have control over everything and everyone. For some reason, the central bank could restrict the use of each individual, you would be completely destitute, from one moment to the next.

The question then arises: is trust in today’s money or in central banks really justified?

Crypto currencies, the new #Goldstandard2000

In 2008, a new form of currency was developed, the crypto currency. No matter if you use Bitcoin, Ether or any other digital crypto currency, they all run through a blockchain and are decentralized.

Strictly speaking, crypto currencies are like gold, only in new, digital technology. The volatility exists only for the reason, because crypto currencies are traded and are subject to fluctuations in the purchase and sale.

If, for example, Bitcoin were the new currency that everyone uses, then it would no longer be traded and it would become stable. Also the confidence in it grows. It is the simple explanation of supply and demand: if a lot is sold, the supply increases – the value decreases. If a lot is bought, the supply falls – the value rises.

The advantages of crypto currencies are obvious:

-They are completely open to anyone, anyone can use them, there is no place that would or could forbid it.
-24/7 access (24 hours a day, 7 days a week)
-Visible for everyone
-Not hackable, since no central party has access or can change anything at will
-It is not manipulable and cannot fall victim to thieves. because it is stored decentrally on many PCs at the same time.
-Not reproducible with a fixed coin offer – no inflation

Many banks and financial experts still like to talk badly about crypto currencies at the moment. But if you look at fiat money – today’s money and crypto currencies exactly, then the regular currencies have their certain and specific shortcomings that the money economy is aware of.

The only drawback of crypto currencies is their volatility (the extent to which prices, stocks, currencies, interest rates or even entire markets fluctuate within a short period of time), which is itself offset by the annual 4-5% depreciation of regular currencies.

Pantercon – Informationsservice
Walchseestrasse 8,
6342 Niederndorf/ Tirol / Österreich

#pantercon #goldstandard21 #goldstandard2000 #hydracc #gold2.0 #zaronews

Startup Pantercon:
Wir schaffen eine Plattform, auf der es den Start-up Gründern mit innovativen, zukunftsorientierten Ideen erleichtert wird, Kapital zu erlangen, ohne sich der Bank, Crowdfundingplattformen oder dem immensen Aufwand eines ICO`s stellen zu müssen.

Contact
Pantercon
Manuel Sparer
Walchseestrasse 8
6342 Niederndorf/Tirol
Phone: +43 664 2605700
E-Mail: info@pantercon.com
Url: https://pantercon.com