BREAK THE CRYPTO LANGUAGE BARRIER - Crypto Lingo Defined

How familiar are you with the ever-evolving crypto phraseology?

Have you ever come across a crypto meme but have no idea what it means? We also see crypto-related news dominating just about every medium on the internet, with cryptocurrency and the technology behind it becoming more prevalent in our global society. But there’s a bit of a language barrier regarding the terms used, and it’s growing as new terminology is invented. 

Considering the Markethive social market network has its Hivecoin as an integral factor at the core of its ecosystem and a source of income for its community, understanding the crypto-specific terms when introducing your referrals to your crypto interests is a good idea and a sign of your expertise, especially to those who haven't dipped their toe into the crypto world as yet. These people are called “no-coiners.” 

So let's define some of the more popular terms, what they mean, and where they originated. Many of you may already know the crypto vernacular, but as I found while researching, there is much more to them. 

Hold On For Dear Life - HODL

I’ll start with the most common cryptocurrency term, HODL, which is considered the acronym for  “Hold On For Dear Life” and has become one of the core philosophies of cryptocurrency investing. HODL means holding on to your cryptocurrency for the long term and paying no attention to the short-term price action. 

The truth is HODL was first introduced on the Bitcointalk forum in December 2013, when user GameKyuubi, with a few whiskeys under his belt, posted about missing the top of Bitcoin’s first bull run. He misspelled the word “holding,” so the post titled “I AM HODLING” quickly became a meme with respondents saying that they too would be HODLing their Bitcoin instead of actively trading it.

The people that HODL are called HODlers, and some intend to hold on to their Bitcoin until a single BTC is worth millions of dollars. Other HODlers intend to HODL until cryptocurrency becomes the new financial standard with Bitcoin as a global store of value. Therefore, see the fiat exchange rate of cryptocurrencies as irrelevant. 

By contrast, people who can't handle huge swings to the upside or downside and sell instead are referred to as “weak hands.” Most of the weak hands are retail investors who are new to cryptocurrency. 

Hodlers have no interest in the volatility and prognostication of pundits. They simply hodl, which helps them to counteract two common destructive tendencies: FOMO (fear of missing out), which can lead to buying high, and FUD (fear, uncertainty, and doubt), which can lead to selling low, which is occasionally referred to as SODLing. 

HODL is most often used when the price of Bitcoin or another cryptocurrency suddenly drops or spikes. So when someone asks if you are selling your crypto when it reaches all-time highs, politely but firmly say that you are hodling. This may leave that person feeling some FOMO.

Fear Of Missing Out - FOMO

FOMO is short for “Fear Of Missing Out,” and in the context of crypto, FOMO is what you feel when you see the price of a coin or token that you don’t have in your portfolio reaching new ATH, which is an acronym for all-time highs.

Interestingly, FOMO is technically classed as social anxiety identified in 1996 by marketing strategist Dr. Dan Herman. It wasn't until 2004 that FOMO was coined by venture capitalist and author Patrick J. McGinnis, who subsequently popularized it in an op-ed he published while studying at the Harvard Kennedy business school. 

If you've ever seen those Facebook ads that tell you there's a limited time to buy any given product, that's FOMO marketing. According to McGinnis, the only thing worse than FOMO is FOBO, or “Fear Of a Better Option.” FOBO is more relevant to no-coiners as it refers to waiting for something better to come along.

Widespread FOMO is also considered by many to be the second last stage of a bull market cycle which is why you see a lot of discussion around retail and institutional FOMO when talking about what's going to drive Bitcoin to its all-time highs. Some believe that measuring this FOMO is how you can time the top of a bull market.

 

Fear Doubt And Uncertainty - FUD

The opposite of FOMO is FUD which is the abbreviation of  Fear, Uncertainty, and Doubt. FUD is pretty self-explanatory; it's what you feel when you see the crypto market crashing or see a viral news article about how Bitcoin is dead. People who spread FUD are referred to as fraudsters and of which the corporate media has been guilty. 

In contrast to FOMO, FUD is not social anxiety but a propaganda tactic used exclusively in sales and marketing. Wikipedia notes that FUD is used most in “disinformation related to software, hardware, and technology industries.” 

It was popularized in the 1970s and first used in its common current technology-related meaning by the prominent computer architect Gene Amdahl in 1975 after he left IBM to found his own company, Amdahl Corp.

“FUD is the fear, uncertainty, and doubt that IBM sales people instill in the minds of potential customers who might be considering Amdahl products.”

It makes you wonder what IBM is saying about crypto behind closed doors while shilling their centralized blockchains to hypnotized investors.  Some people believe that big banks and tech giants sponsor a fair chunk of the cryptocurrency FUD you see in the news.

So the next time your no-coiner friend sends you another mainstream article talking about how cryptocurrency is going to be banned by U.S. Regulators, you can tell them that it's nothing more than FUD. A good indicator of this is that if whales and institutions are still buying despite the news, there's no real cause for concern. There are also many free online trading indicators to use to follow the trends.

Hopium

It’s essential to back up your beliefs about a cryptocurrency using solid facts and statistics; otherwise, you may be at risk of becoming a hopium addict. Hopium is an addiction to false hopes and is a blend of the two words “hope” and “opium.” It’s used to describe a fictional drug to help one stay hopeful in times of stress. 

The term has been used among stock market investors to describe market investors who hold on to failing investments out of false hope, and more recently by Bitcoin investors in a similar way. Hopium was first used in  December of 2010 by Zero Hedge’s Tyler Durden, who published an article criticizing Goldman Sachs for an opinion on the economy. In the piece, Durden uses the term "hopium" to describe Goldman's outlook as one based on false hope.

It has since been used in many investment articles and became a viral meme of Pepe the frog hooked to an oxygen tank labeled “hopium.” Hopium memes grew in popularity due to the 2020 US Election alongside another closely related portmanteau, “copium.” 

Copium

Copium is a blend of the words “cope” and “opium.” A user of the Urban Dictionary defined copium as “a metaphorical opiate inhaled when faced with loss, failure or defeat, especially in sports, politics and other tribal settings. 

Although the earliest known use of the word was by rap artist Keak Da Sneak in his 2003 album titled Copium, in 2019, it has become a popular meme with Pepe, the frog and used in various instances as a reaction to any given situation.

Shitcoin

Co-host of Unhashed Podcast, Ruben Somsen, is credited with defining what a shitcoin tweeting a shitcoin is “a coin that can be predicted to go to zero because of its flawed fundamentals, its creators and adopters deny all criticism and focus heavily on misleading marketing in order to extract maximum value from new “investors,” saddling them with the inevitable losses.”

Shitcoin was first used in November 2010 by Bitcoin talk user Gavin Andresen. He predicted and quoted that “if Bitcoin really takes off, I can see a lot of get-rich-quick imitators coming on the scene” and notes that shitcoin as being one of these imitator coins.
 
There are actually two literal shitcoins listed on Etherscan as ERC 20 tokens. Also, the FTX cryptocurrency exchange offers numerous shitcoin index tokens that allow you to “long” or “short” a basket of 58 altcoins. However, some may not agree with all the tokens listed.
 
According to the Shitcoin Graveyard, all shit coins are destined to become either dead coins or zombie coins. A dead coin is defined as a cryptocurrency project that its team has abandoned, has less than $100 of trading volume per day, and no longer has a functioning website. 
 
Zombie coins are basically dead coins with relatively high trading volume. Keep in mind that the trading volume you see on many zombie coins is probably fake, especially if it's happening on lesser-known exchanges. It's also worth noting that a cryptocurrency can still be profitable even if it is a shitcoin; just be wary of the risks of investing in these sorts of projects.
 
 

Image source 99bitcoins
 

REKT

REKT (or rekt) is internet slang for “wrecked,” meaning severely damaged or utterly destroyed and ruined. The term is usually used among the online gaming community describing a player (or team) that was defeated in an embarrassing or silly way. 

Specifically, when used in the crypto community, rekt often refers to a person who has experienced heavy financial loss due to a wrong trade investment. The term can also refer to the cryptocurrency itself that nosedived in price or a market that dropped significantly, e.g., “the market is rekt.” 

It is, however, worth noting that being REKT and truly losing money are quite different since rekt assets can bounce back. For example, back in early 2018, Bitcoin was rekt, yet it bounced back by year's end in 2020, reaching a new all-time high.

Image source 99bitcoins

Shill

Shill has become a popular term in the crypto space and refers to a person who will promote a particular cryptocurrency, typically using baseless information, for their personal gain.  Many crypto projects assign bounties for influencers who “shill” their crypto. A “Shiller” encourages others to invest in a cryptocurrency so that the interest grows, and people buy it, and the price of the coin or token increases.  
 
The word “shill” didn’t originate in the crypto world. It is commonly used by casinos where collaborators (shillers) are given a stack of chips to play so that the other gamblers don’t have to feel alone in losing.
 
Shillers are often seen as fraudsters; however, what constitutes a shill is of personal opinion. Sometimes, we can see the use of shilling when a person makes damaging, occasionally false accusations about a specific cryptocurrency. A Shiller may want a competing crypto to fail so that theirs becomes more valuable. 

Pump And Dump

A “pump-and-dump” strategy is a form of market manipulation that has been around long before cryptocurrencies existed. “Pump” happens when a coin or token’s attention and demand in the market goes up, leading to a price increase. Then, everyone “dumps” the cryptocurrency and sells, coupled with a spread of negative emotions towards it. This will result in big waves in the crypto’s value.
 
Like FUD, pump and dump is another tactic they use to manipulate the sentiments of the crypto market. In many cases, traders artificially inflate the price of cryptocurrencies with the hope of making a quick profit at the expense of other investors. 

A simple rule of thumb to avoid pump-and-dump schemes is that you should never listen to one particular influencer’s opinions about investment decisions or price predictions. Instead, take in as many different views as you can, do your own research (DYOR). Always verify and validate market news and information. 

Airdrops

Airdrop has become a central feature of the cryptocurrency space. It refers to the practice of crypto projects giving away free tokens to the public. This can lead to an increase in the project’s publicity and token circulation. It then gets more people trading it when it lists on an exchange. 

As a marketing strategy, it raises awareness for their offering among the crypto community and generates initial buzz around a crypto project. This creates a win-win scenario because the crypto project gets low-cost (or free) marketing about their project, and you get free crypto tokens. 

An example of a crypto project doing airdrops is Markethive, the next generation social market network, with its infinity airdrops and micropayments. As a member of the Markethive community, whenever you refer someone, you currently receive 500 Hivecoin. 

Also, your referral receives an equal amount upon joining. Once qualified, a member continues to receive micropayments allowing the ability to accumulate coins. Among many other of Markethive’s initiatives, this ultimately creates an entire ecosystem. 

 

In Closing

There you have it. Just some of the key crypto slang terms, and you’re likely to come across many more, along with new words and acronyms that will find their way into the crypto world as the industry evolves. To check out a few more, visit cryptocurrencyfacts.com. Cryptocurrency slang is a handy thing to know, and knowing where all these terms came from really highlights just how far the crypto asset class has come. 

HODL is really much more than some whacky acronym that is bandied about. It's symbolic of the sort of mindset and grit you need to have to brave the volatile crypto market. I’m sure we’ve all had weak hands at some point, nor are we immune to FOMO or FUD, but if we keep our head down and focus on the fundamentals, we’ll rise above it. 

There is a saying that goes:

"Where focus goes, energy flows."

If you are focusing on the "crazy" daily fall in your portfolio, it will throw you off and consume you. 

If you decide to focus on the fantastic ways cryptocurrency is transforming our world, you will be content in your investment decisions. 

I hope that being familiar with these terms will help you educate others about cryptocurrency. Of course, knowing the history and law behind them will make the explanation of these terms that much more interesting to your no-coiner friends. 

 

 

Resources: Coin Bureau, Genesis Block

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

The information contained in this article is for informational purposes only and not to be construed to be financial, legal, or investment advice. 

 

BREAK THE CRYPTO LANGUAGE BARRIER - Crypto Lingo Defined: BREAK THE CRYPTO LANGUAGE BARRIER - Crypto Lingo Defined ...

Markethive | A BLOCKCHAIN-ENABLED FUTURE Empowerment Autonomous Trustless

A BLOCKCHAIN-ENABLED FUTURE
Empowerment Autonomous Trustless

Blockchain technology is becoming a tidal wave of innovation and practical blockchain applications are becoming more mainstream. It’s moving beyond the hype of a couple of years ago and now bearing fruit, bringing real benefits to individuals and organizations. 
Blockchain can be a tricky concept to get your head around, but to put it simply it is a tool that offers industries the ability to increase productivity and revenue, cut costs, ensure transparency and reduce wasted time and paperwork. It’s a new foundation underpinning our everyday tasks. 
The pivotal advantage of blockchain is that there is no central hub. It has the transparency of a distributed ledger combined with the cryptographic security of an immutable data chain that makes this technology an ideal instrument for any business to exchange and validate information. Blockchain is a baseline technology that can be configured in various ways to suit different purposes and accommodate individual businesses across the board. 

The Business Value With Blockchain

There are a few key areas where blockchain can add value to businesses and individuals, 
Cost Reduction
Businesses no longer have to pour profits into logistics, intermediaries, and administrative paper trails. The blockchain can streamline supply chains, cutting out the middleman and banishing processes that slow efficiency and eat profits.
Revenue Creation
The blockchain does away with administrative and collaborative boundaries, allowing for innovative strategies that simply weren’t viable before the advent of Blockchain technology. This is a new freedom, where distributed ledgers and cryptography pave the way for new infrastructure and revenue models. 
Consumer Impact
New business models provide the opportunity to meet the previously overlooked needs of consumers and communities. In the medical field, for example, where remote patient care and record-keeping may have been an issue in the past, blockchain advances provide ways to overcome those barriers using synchronized records and smart care devices on the network.
Freedom And Equality
Entrepreneurs, writers, and all types of creative artists are able to attain recognition, financial sovereignty, data privacy, and autonomy now that Blockchain has been utilized and is what drives the next generation social market network. Working online is at an all-time high and with the rise in social media and online marketing activity, blockchain makes it more equitable bringing true freedom for the individual. 

Blockchain Disruption

Blockchain is already making waves in financial services, tech companies, healthcare, social market network, and digital media. Below are two infographics from Visual Capitalist that were inspired by a McKinsey study researching a combined industry analysis with more than 90 distinct use cases. 

The Problem with Centralized Infrastructure

Today on the Internet, we must constantly trust one another with sensitive data, transactions, and records. Most of our interactions on the Internet run on centralized web servers, and massive amounts of user data often exist in a single database. Current databases are designed to be controlled by “trusted” admins who can read, alter, block, and even delete data. The centralized architecture of the Internet today is not only inefficient but vulnerable to censorship and targeted attacks by both hackers and internal bad actors.

The Value of Decentralization

The decentralized architecture of a blockchain is a global network of computers simultaneously running the software and validating the chain of transactions is what ensures that the transaction record is never compromised. Decentralization is critical as an architectural principle. It makes a blockchain network less likely to fail, harder to attack, and harder for bad actors to game the system.
As blockchain adoption spreads, it can become a driving force for promoting equitable societies, solving complex economic issues, and transforming how we live and work every day.

Two Practical Applications Of Blockchain

1. Smart Contracts
Blockchain and smart contract technologies function well in instances where legal contracts are required to maintain ownership rights and data privacy laws. These customizable, self-executing smart contracts on the blockchain can be easily managed by all parties. Smart contracts allow the decentralization of trustless transactions, worldwide and on a large scale. These can encompass different kinds of interaction, not only human-to-human but also human-to-machine and machine-to-machine.

Issues with ownership rights and royalties are commonplace within the entertainment industry. To navigate these issues, blockchain technology offers an unchangeable, traceable, real-time distribution, and reporting network for all involved. Ujomusic is one such application that is helping artists track their royalties worldwide. In the music industry, blockchain technology can bring artists and fans closer together, allowing listeners to pay micropayments to artists for listening to their songs directly.
Artists are not always paid in a reasonable time by major players who control the music industry, sometimes even waiting years to receive their earning for their work. By utilizing smart contracts, artists and studios can ensure that intellectual property agreements are met by other parties and smart contracts could be implemented that instantly pay artists once certain requirements are met.

Image credit Disruptor Daily

Data privacy issues, massive scale surveillance, also known as dataveillance and lack of freedom of speech in the social media realm have become a distinct problem. Markethive, a social media, and inbound marketing platform have not only addressed these issues to empower the individual, but it has also utilized smart contract technology.  
This is in the form of the Markethive Coin (MHV) which is a fungible cryptocurrency consumer coin, and the Incentivized Loan Program (ILP – Smart Contract). This enables all users to generate an income by just using the platform and the first-mover advantage of share acquisitions consisting of 20% of the company’s net revenue.  Markethive is a collaborative decentralized platform where its Entrepreneurial members can achieve viability and self-sovereignty. 

The Framework Of A Smart Contract 

Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman. Built upon the blockchain, a smart contract is usually:

1. Pre-written logic in the form of computer code
2. Stored and replicated on the blockchain
3. Executed and run by the network of computers running the blockchain
4. Can result in updates to accounts on the ledger (i.e. payment for an executed contract)

Using the Ethereum platform, smart contracts can be programmed using basic logic. On the most basic level, they can:

• Perform calculations (i.e. calculating interest)
• Store information (i.e. membership records)
• Send transactions to other accounts (i.e. payment for a good or service)

But most importantly, it is important to know that smart contracts are autonomous. They are not controlled by anyone – instead, they self-execute based on a set of instructions that two parties have agreed to, which is the code.

Image credit Visual Capitalist

Benefits of Smart Contracts

Smart contracts are appealing for a variety of reasons:

• Autonomy: There is no need to rely on third parties, which could be biased or not have your interests at heart.
• Trust: Your documents are encrypted on a shared ledger, and all parties can have access to them.
• Redundancy: Documents are duplicated many times over on the blockchain, and can’t ever be “lost”.
• Safety: Documents are encrypted, making them near-impenetrable by hackers.
• Speed: These contracts automatically self-execute, saving you precious time.
• Savings: Smart contracts save you money by taking out the middleman.
• Precision: Smart contracts execute the exact code provided, ensuring zero errors.
• Transparency: For organizations like governments, they could add another level of transparency to dealings. Blockchain technology can set up a decentralized system that prevents any form of voting fraud or suspicious movements in the network.

The blockchain is already a disruptive technology, and with these benefits, the potentiality of smart contracts is an amazing step forward for fairer, faster, more lucrative, and trustworthy systems for the companies, organizations, and individuals who embrace it. 

2. Digital IDs
Reportedly, over 1.1 billion people worldwide still have no way to prove their identity according to the World Bank. Simultaneously, companies and financial institutions in both traditional and digital markets are being required to follow more stringent know-your-customer (KYC) initiatives.
Despite this, many providers are still not sufficiently meeting these standards; to further complicate things, regulations vary widely from jurisdiction to jurisdiction. Companies like IBM, Microsoft, and Markethive have migrated to the blockchain to securely and privately verify users. 
Blockchain’s multi-factor verification process eclipses the levels of security that traditional password protection offers. Identities are secured for the decentralized web, for example, data sharing by third party companies has resulted in intrusive advertising. Blockchain-based identification means that no third parties can access your personal data without your consent.   
The thing to be aware of is companies and platforms that claim to be blockchain-based but have a centralized identification protocol. There will be resistance from these entities that profit from the current system where people have no control over their personal data. Big companies manipulate data, so they are not very interested in decentralizing that type of information.  
The existence of blockchain-based, yet centralized ID platforms could cause confusion among organizations and the general public. However, it's likely that the advantages of the best decentralized platforms possessing enough reach will inevitably make themselves known to the masses, so that eventually a few dominant platforms will emerge. As we move forward the majority will realize the advantages of a completely decentralized system that offers security, transparency, privacy, and gives control back to the users. 

Image credit Disruptor Daily

Conclusion

The world is waking up to the impressive capabilities of the blockchain. As a foundational technology that anything can be developed and augmented on top of it, the potential applications of the blockchain go way beyond just payments or cryptocurrencies. In fact, the blockchain will revolutionize how we interact with intellectual property, capital markets, insurance, healthcare, government, social media, and internet marketing, along with many other sectors. 
Forward-looking companies that convert to the blockchain to improve the privacy and security of their data and create an environment that is unfettered from political and nefarious agendas, will be the winners on top. 
Just about every company that migrates to the blockchain and new companies launched built upon the blockchain, will prosper, as long as they deliver and make their prime agenda to benefit their customers.





Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

Millenials prefer investing in Crypto

Millennials Next Financial Investors Going Crypto. What Does That Mean For Gold and Fiat? 

The CEO of Digital Currency Group, Barry Silbert, clarifies his reasoning why the game changer’s of tomorrow are outfitting to dump gold for Bitcoin and other advanced resources. 

Silbert's Grayscale Bitcoin Trust, which permits regular financial specialists access to BTC, increased 192% in the second quarter of 2019, surpassing all other funds for the first half of the year. As an early Bitcoin speculator, Silbert has a long-term outlook on the rising innovation of technology, having viewed cryptocurrency fluctuate aggressively through many bull and bear cycles. Presently, by checking the quickly thriving enthusiasm among institutional financial specialists, he accepts gold's status is firmly deteriorating. 

The main concern and bottom line as to the state of gold is it’s clunky, bulky, inconvenient and not conducive to smartphones – not really a Millennial thing, who shop on Amazon, hail rides on Uber, search information on Google, make companions on Facebook, get together on Tinder, stream programs on Hulu, tune in to music on Spotify and track their pulses on a Fitbit.

Silbert is sure the appeal that gold did have will relinquish, right along with physical dollars. He states

“It’s clear that money is going digital, and it’s clear that in the future, physical cash is going to go away. And it’s also clear based on history that fiat currency tends to not exist into perpetuity. The average life of fiat currency over the past 500 hundred is 27 years. So what that means is, on average, in 27 years, a government will destroy their currency or devalue their currency, typically through debasement or through war.”

Silbert says he doesn’t see Bitcoin replacing the US dollar in the short term, but he recognizes we are seeing a changing tide in places like Venezuela, Argentina and other countries with struggling economies where cryptocurrencies have certainly gained a place and paved the way for further development in these challenged economies. 

“It’s clear that something other than the local fiat currency would have real demand and real appeal.”

Barry Silbert shares,

“I think what many gold investors don’t seem to appreciate is that the next generation of investors, the next generation of asset allocators, do not view gold the same way that our parents or grandparents did.”

“Over the next couple of decades, there’s an estimated $68 trillion of wealth that’s going to be handed down. That’s just in the US. That $68 trillion is going to be handed down from Baby boomers to Gen X and Gen Y and Millennials. I’m absolutely convinced that whatever of that $68 trillion is currently in gold, it’s not going to stay in gold. I’m not saying it’s going to Bitcoin but I know it’s not going to stay in gold. So if gold stops performing the way gold investors think it should in periods of high inflation or macro-economic dislocation, I think it’s game over. I think the next generation of investors is going to put their money elsewhere.”

While the 487,000 gold bars weighing in at 6,190 tons or around 12.4 million lbs the Federal Reserve Bank of New York holds for its clients such as the US government, foreign governments, central banks, and other institutions, it continues to decline. The growing number of bitcoin and cryptocurrency supporters declare crypto is a far superior way to store wealth. It’s portable, lightweight and traceable and not held by any conglomerate. 

Over the last 10 years since the advent of Bitcoin, Society has gone through 5 different phases. First, there was denial, then skepticism, then an intellectual curiosity coming through to believing in the new currency and finally evolving into evangelists where cryptocurrency is seen for the greater good it can accomplish for the people en masse. 

Necessity Is The Mother Of Invention 

Necessity being the mother of invention has brought forth visionaries, architects and originators of technology to rise up with the purpose of benevolently wanting to see the world a better place. This is now proven as the unbanked and struggling countries experience a better economy, autonomy and financial freedom that was sorely lacking. 

We’ve seen how our privacy has been invaded and free speech curtailed to the point where some lost their livelihood due to being deplatformed from the tech giants of social media. Free enterprise is diminished by the monopolies, and yet there are more people than ever trying to create a home-based business. Many of us strive for a better life for our families and endeavor to seek opportunities that the technology of today can bring. But who do you trust? Is there a place of integrity where the entrepreneurial mindset is revered, not just for the elite or professional, but for the little guy and gal looking to free themselves from the tyrannical pressures? Yes, there is. Read on… 

Markethive - A Step Ahead Of The Rest

Markethive and its creator Thomas Prendergast envisioned what has come to pass is the balkanization and autocratic style and behavior of the very influential tech giants that have monopolized the social media and marketing space since the early noughties. What may have been good intentions is becoming a disaster for humanity on every level. 

CEO and Founder of Markethive Thomas Prendergast says,

“Markethive is a philanthropic endeavor. To give, not take. To help not exploit. Markethive is a safe, secure, generous, unique and simply the most powerful marketing social network an Entrepreneur could have. Markethive is an easily understood, gamified, monetized and incentivized to bring the connection back to humanity to really help share and grow each other. We have a culture and a system whereby all users are rewarded for their activity instead of being stripped of everything we do by the social media monopolies for their own gain. The Markethive platform can be utilized by everyone.”

Markethive is the first Social Market Network to be built on the Blockchain. What that means your privacy is ensured, freedom of speech and autonomy is paramount. Markethive has listed its coin (MHV) on an exchange while still in beta until its own exchange and wallet is implemented. 

When I asked what impact will this coin have and how is it utilized for the benefit of all in the Markethive Ecosystem, this is what Thomas had to say,

“The Markethive coin will not be dependent upon speculative value as is the case with other cryptocurrencies and platforms, thereby creating eternal economic velocity in the entrepreneur ecosystem within Markethive. This is a fundamental difference to the other systems currently out there today.  The Markethive system has been developed to produce revenue in the traditional sense with the added benefits of the blockchain taking it to the next level.”

He went on to say, 

“The Markethive Coin is a Consumer coin, is being utilized within the Markethive exchange by way of airdrops and the faucet system which rewards associates using the platform, so the coin is used within the commerce of the system thus creating the velocity. The Revenue is a vehicle that is used to buy the Markethive coin back in the free market so it can be redistributed into the economic vortex of the system. Once the Markethive Exchange and wallet are introduced that will allow Markethive Members to convert their coins to a number of strong cryptocurrencies including Bitcoin and fiat. So now is a perfect time to accumulate your coins” 

Thomas concluded by saying, 

 “My vision is to empower and bring prosperity to every living soul with a purpose. Even if that purpose is only to be free from the shackles of the Social Media tyranny we all face. This is a new era with the evolution of technology. It is the next generation.”

“Markethive will be huge. We got things rolling years ahead of others” 

People are now flocking to Markethive. They see what this system is capable of and how they can benefit. Even though Markethive is still in Beta, the Inbound Marketing tools that are forever free, by the way, are operational and the social entrepreneurial culture is alive and well. The launch is set for the 4th quarter of 2019 after 4 years of implementing the Blockchain and perfecting this state of the art system. This is the next generation of all things Social Media and Market Network. 

Published on https://news.livecoinwatch.com/millennials-investors-going-crypto/

Deb Williams
Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

Blogcasting At Its Absolute Best With Markethive

DID YOU KNOW?

Markethive’s Blogcasting platform has many powerful benefits. Just publishing on the platform brings you traffic. The blog gives you visitor display at a glance but also gives you deep traffic analytical detail on visitors, country origin, time on site, bounce rate, referrers, keywords, social sites, and a data-driven matrix. 

Markethive has a place to register your social accounts, so you and others can subscribe to yours and others Markethive blogs. We also have a plugin for your Word Press site that publishing your Markethive blog directly to your WP blog, then broadcasts it from there as well (optional). Every time you publish a blog, that article is posted out to literally hundreds even thousands of social network news feeds and Word Press sites, nothing like it anywhere else for any price, only here. BLOGCASTING  to the Moon!

Need Help With Integrating WordPress Plugins? 

Never Fear, Markethive is here! For a nominal fee, Markethive has the SNAP Department ran by Steven Cavan, an expert at API Plugins. Contact him to find out how you can increase your Presence and Reach to billions across many Social Media and Blogging platforms. This negates the need to visit each and every site, every day to promote your business. 

The new Layout in the image above is under development at present but when it's integrated, you will find it on the menu at your profile page settings under Social Networks. At the moment there are some Social Networks already there where you can hook them up by clicking on each one and following the prompts. That will ensure your account at Markethive is linked to your other Social Media accounts. You will then be able to utilize the features explained below...

Now let’s delve into the workings of Markethive’s Blogging System, the features and benefits of Blogcasting...

What Is Blogcasting

If you were to do a Google search on the word Blogcasting, you would find this definition: 

“A blogcast is simply the combination of a blog and podcast into a single Web site. A blog is a weblog or journal, that is available on the Internet. A podcast is an audio or video file that you share with visitors or subscribers to your site.”

A New Definition

Markethive now has this terminology to mean something very powerful.“Blogcasting” is a play on the word “Broadcasting”, which is the term used to simultaneously transmit the same message to multiple recipients, commonly done through an email system. Blogcasting is the reach that goes beyond this technology. It gives you the ability for an unlimited amount of people to subscribe to your blog through all social media and blogging platforms which could literally have millions of followers notified of your blog.

In the traditional sense of broadcasting, usually, only the people who physically subscribe to your blog or newsletter are notified of your updates via email. With this blogcasting system, all your social networks are informed of your blog as and when you publish them. This means the potential reach is into the millions. 

For example, If I subscribe to your blog and I have 20,000 followers across all my social media accounts, and you have 15,000 subscribers each with a similar following, your blogs have now been potentially seen by around 300,000,000 people which by enlarge are not directly subscribed to you. This is called a “reach” and extremely powerful. 

Blogging is not new, and it’s proven to be the best way to market, nurture relationships and brand yourself as an expert in your field building trust which in turn increases followers, client base and sales. It is also known as Content Marketing. Markethive with their proprietary Blogcasting system has certainly made it exponentially more powerful.  They have certainly added fun, understanding, reach, groups, daily workshops, understanding and power to the process.

Markethive has not only successfully combined all the technical and tactical aspects and requirements into one system, but have also overcome the obstacles to make blogging a group process, combined with motivated mentors to help the newbie easily immerse and embrace the process.

Word Press has been around for years and known to be the world leader in Blogging platforms. Markethive recognizes this and has significantly taken Word Press serious and made it exponentially better. This blog’s focus is to help you understand the paradigm dynamic shift Markethive has brought to marketing, blogging and the individual within the hive.

The Blog Cloud 

The following video attempts to reveal and illustrate how the whole social blogging platform in Markethive changes the entire Internet field of engagement.

The Reach Blog Cloud by Markethive

Markethive’s Inbound Marketing platform delivers a blogging system built for the beginner, sophisticated for the intermediate and an extremely powerful platform that advanced professional bloggers will appreciate. The system is designed for the easy development of a complete blog system, yet advanced and easily set up to be the engine that powers your Wordpress blogs. 

The blogs are Google friendly. When your blogs are shared and consequently clicked on, they move up in the search rankings. If you’re providing quality content, your readers will want others to know. Of course, the only way to make sure your blogs contribute to your website’s popularity is to create unique content, provide answers for visitors, and then share your blogs wherever you can. 

That key point “Share your blogs wherever you can” is another way of saying “Broadcast” them. And Markethive has taken Broadcasting to new heights with Blogcasting.  Blogcasting is a Markethive subscribe feature that other Markethive members use to subscribe to your Markethive blog. When they subscribe (and the potential is 1000s of them), your blog posts are automatically posted to their Facebook Newsfeeds, LinkedIn activity feeds and your Twitter tweets feed.

When you understand that this downstream of subscribers, fellow entrepreneurs at Markethive, are exposing their connections to your message, they are lifting you up, increasing your popularity and building greater branding for you.

Through the News Feed and Blogcasting, it is possible to promote any and all products and services on a global scale with a reach into the millions. Markethive receives on average 250,000 visitors daily. The reason is that when people make searches if the content on my blog is what they are after then they will find me! 96% of the traffic is non-member related. So the majority of the people I am addressing on my blog does not even belong to the site. 

Then there is the Blog Sharing feature that also allows your fellow Markethive entrepreneurs to import your blog posts to their WordPress blogs using the SNAP plugin increasing your message (your posts) to another 25 of their social networks, Facebook Pages, LinkedIn company pages, StumbleUpon, Tumbler, Livejournal, Blogspot, etc, exponentially increasing your exposure and adding to your backlinks.

When you discover the responsibility this represents that you show respect, produce quality content to your loyal downstream, you now have the opportunity to build a huge popular following. This is exactly how members are able to grow their business. Easily grow your social reach into the millions! It’s that Powerful, It’s that simple, That’s Markethive.

Blog Swiping 

Markethive blog system allows you to make your content available to the entire public population within Markethive, or just to your friends or just to members in all the Groups you belong or a selection of them or just one (your choice) or private so no one can Swipe your blog.

Why? There are many sound reasons for this.

• Curating: Content curation is the process of sorting through the vast amounts of content on the web and presenting it in a meaningful and organized way around a specific theme. The work involves sifting, sorting, arranging, and publishing information. Markethive offers features to the groups you create. Groups are platforms for blogging. Simply set up a Curating Group for yourself and Swipe the blogs in Markethive as a collection of content you may want to use in your publications.
• Proofing: You may have a group of members that want to edit and rewrite your content. This is an active phenomenon in Markethive. Produce a blog and you will get many critiques so I just offer to them to swipe it, edit and change it as they see fit then let me know. If I like it, I swipe it back. 
• Cocktails: With Markethive’s ability (feature) to create unlimited Groups each with a different cocktail of content curated, aggregated or from multiple Group memberships, the options to produce unique content for unlimited Wordpress blogs controlled from within Markethive is unlimited.
• Then there is the learning curve: Total newbies keen to learn how to blog but afraid to take the first step have been mentored within Markethive. The live training webinars and recorded tutorials along with the ability to swipe a Blog it makes it so much easier to get started and new bloggers go from poorly and rarely produced blog posts, to 1-2 dynamic and excellent on-topic blog posts daily. In other words, Thanks to the collaborative culture and mentorship, Markethive is now churning out a new breed of excellent and dynamic bloggers. 

By blogging, you build relationships with your readers, position yourself as an expert in the field, and perhaps most importantly, provide new content for Google to index.

By joining Markethive you build relationships with thousands of others who are actively building a business, blogging, researching, etc. basically being “entrepreneurs” and advancing their businesses and agendas. Often you can join with these people as friends, group members and subscribers of theirs via Blog Casting, Blog Sharing, and Blog Swiping.

Since being integrated on to the Blockchain, Markethive pays you to sign up, they also pay you to use the system and they pay you to promote it. It is a blockchain so security and privacy are key and this is also why they can pay you. Go sign up, it is free to use all the marketing and blogging tools, get paid 500 MHV Coins on joining and enjoy the tipping feature. Why not get “Tips” instead of “Likes”. Here at Markethive it really does PAY to be active and engaged. 

The moment you join Markethive you have an instant setup of your own “Viral Blog” ready for you to begin posting content and marketing your business, product, service, or even personal content. You’ll be up and running the moment you set up your account! Markethive, The Rise of the Entrepreneur. We have put a great future in your hands. Now it is up to you.

Deb Williams
Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals.