In this day and age, any business that wants to thrive must go online.
With so many things going on around the world, and global changes that will forever impact the way people live and do business, going online is no longer just an option.
Not only to maintain their success, but even just to survive.
Sure, there are tools that are already available that any business can use to run their entire company and processes digitally.
However, any minimum amount of research will tell you that most of these products are expensive, complicated and limited in customization.
In other words, not very user-friendly, and definitely not suitable for all business owners, especially those who are less tech-savvy and might even be on a budget.
I mean, who can afford to invest thousands of dollars a month into a bunch of complicated tools, and on top of that, hire employees to manage the systems, right?
Well, if this sounds familiar in any way, I have some good news for you.
As an online marketer and blogger myself, I am always looking for new solutions for these everyday challenges we face as business owners.
Today, I am very excited to introduce you to my latest discovery.
GrooveFunnels is, by far, the best way I have found to be able to build websites, sales funnels and sell digital products online.
The best part? It’s FREE.
But the free value does not end there…
You see, GrooveFunnels is not just a website and sales funnel builder.
The co-founder of GrooveFunnels, Mike Filsaime, is actually a veteran in the Internet marketing space, and has put all his experience and expertise into one of the best suite of marketing tools I have ever seen.
I’ve also signed myself up for an account (it’s free), and for the past few days, I’ve had the chance to play around with it.
And you know what?
I can definitely tell you that this 100% free tool is perfectly capable of running your entire business, maybe even better than some of the expensive complicated tools out there.
I’m not exaggerating by any means…
From what I’ve seen so far, GrooveFunnels includes everything that I need to run my online business, all for absolutely free.
Here’s just a quick list of what I’ve gathered so far:
FREE sales, page and funnel building platform
Possible to build my own branded websites with full navigation
Can integrate with my own custom domain name
Able to sell my products with what they call a 1-click upsell
Capability to integrate upsells, downsells, and order bumps
Even has a way to create my own powerful affiliate program for my products!
And that’s just for starters, because there is so much more for me to explore!
I’m not even joking when I say that I am planning to change my ENTIRE online business over to GrooveFunnels!
I mean, why wouldn’t I?
It’s FREE, and it’s probably the BEST suite of marketing tools I have ever seen in my life.
By the way, there’s more…
I didn’t even mention some of my favorite benefits of GrooveFunnels.
As a member, I’ve also received a TON of community benefits.
I’ve been able to join their private Facebook group, connect with marketing experts inside, get help with all my problems, access private training within their own academy, ask questions through their helpdesk, and meet other like-minded entrepreneurs just like me to make the best use of these tools.
So, if you’re like me… Striving to grow your business, looking to learn more about marketing and getting to know some of the best in the industry at a more personal level, then you won’t want to miss out on this opportunity.
Sounds great, right?
But you might be asking… what’s the catch?
The catch is that GrooveFunnels is free, but for a limited time only.
GrooveFunnels is in its pre-launch phase, which means that many of the products have still yet to fully launch.
When they do, and as the products continue to get upgraded, GrooveFunnels may no longer be free anymore.
This means that now is the time to sign up for your free account, which would also qualify you for the additional software upgrades that they make as time goes on.
Awesome deal, right?
It’s called being at the right place, at the right time.
And that’s where we’re at right now 🙂
Don’t wait any longer, because I’m honestly not sure when this free offer is going to go away.
BEWARE OF BELLS and WHISTLES and UNFOUNDED CLAIMS
SOME HOME TRUTHS ABOUT ONPASSIVE AND “PASSIVE INCOME”
At one time or another in our online journey, we’ve been led to believe we can get-rich-quick or live a luxurious lifestyle on passive income for very little to no work involved. Even more now than ever, there are millions of people looking to make an income online and are spellbound by the so-called limitless potential of the internet especially when someone tells you you don’t have to do a thing, it’s all done for you, so just pay the money and let the money roll in passively.
Although some of us learn that this is just fantasy, others, particularly the tens of thousands of newcomers to the online world are sitting ducks for any so-called company promising great riches with no real evidence of the amazing proprietary technology they endlessly spruik about and the passive income promises they make.
Passive Income Is A Risky Fantasy
Online technology has greatly evolved since the dot.com era with automated marketing and AI and although it has its place, there’s a lot more to building a business than relying on automation or other people to work it or bring in new recruits for you. What makes a business work is by creating value on a personal level. If you're going into the business with the intention of having it magically provide money for you while you sip margaritas on the beach, then you often get roped into dubious companies making unfounded claims.
The majority of people I see who are only interested in passive income haven't learned how to create value in the first place. They're just going along with the gimmicks, tricks, and formulas, basically wanting and believing they will get the lifestyle promised to them without doing anything to the point where it becomes a cult.
Too Many To Count
There have been so many companies that have failed due to pyramid structure or matrix compensation plans which is the primary structure that pays the thousands of people their promised millions of dollars. Either intentionally or unintentionally they failed.
Then there are the ones that intentionally create a business with no products on the back end, in fact, the websites never existed. Just one example is PRSI. William Caudell offered people a wholesome internet business that turned out to be a bogus marketing scheme, which cheated them out of $13 million was sentenced to 11 years in jail, originally 14 years, however, it was reduced after Caudell cooperated with the authorities by giving up his co-conspirators.
PRSI made its money by charging a $295 "application fee" that qualified users for the "Small Office/Home Office (SOHO) System" that would provide them access to their own site in an Internet shopping mall.
But there were no Web sites, nor any intention to provide them. PRSI was "selling air". Instead of providing Internet shopping sites, PRSI recruited "CyberManagers" who would recruit others to buy into the plan, and the new recruits would find more participants to pay the fee — a classic, illegal pyramid scheme that hooked 48,000 people globally. The company's Web site advertised that the company was dedicated to protecting children and creating a pornography-free e-commerce site that would spark the interest of any humane individual. Great hook!
Tugging On The Heartstrings
The latest current program, as it stands at the moment, and similar in nature to PRSI is GoFounders/Onpassive which hone in on the heart of people. Everyone wants to belong to something. They play on peoples’ sense of community and tug at their heartstrings, literally brainwashing their victims. GoFounders.net seems to be the matrix program and the funnel to access Onpassive.com, (awaiting launch), which is purported to be the marketing suite with proprietary products. (Although it states on their website that GoFounders is the product. See image below)
One of the catchphrases is “Artificial Intelligence with heart”. AI is defined by its very name, it has no heart, it’s artificial. The heart comes with the human aspect of a business that provides value and personal experience the customer receives from a living person. So if the main feature that sells this concept is to automate everything so the business owner doesn’t have to do anything but rake in the money, they are doomed from the very start. Any professional, experienced marketer will tell you there is no such thing as “completely done-for-you systems”.
Ash Mufareh is going to great lengths to make ONPASSIVE seem like it’s growing into an IT tech giant, yet it suffers from a lack of quality control. For example, the video says “In the heart of Disney Land.” First, Disneyland is one word, and in California, not Florida where Walt Disney World is.
NOTE: Ash Mufareh has also registered another Orlando, FL address for ONPASSIVE that is not the same as this office building. This other address is, 9924 Universal Blvd., 224-320, Orlando, FL 32819. When you Google that address, it comes up as The UPS Store.
On one hand, they proclaim you will earn $2 million a month passively for a one time fee, so unsuspecting people sign up, pay the fee, only to find they are now saying you must “work hard and smart” to achieve that, along with financial disclaimers according to Ashraf (Ash) Mufareh, the founder and CEO of GoFounders/OnPassive, in a zoom meeting held last week by a group of leaders that invited him to speak. In that same webinar, he stunned the attendees with his new and latest announcement of implementing an Onpassive Academy for school kids, due to the COVID19 situation. I wonder if this will delay the launch yet again!
The Perpetual Prelaunch
This program has been taking money from people while in prelaunch now for over 2 years with nothing, no sign of any marketing software, except for the promise of “never been done before” automation and AI technology, but to keep these members placated, it had provided a URL shortening tool which you can access for free anywhere. Personally, I refuse to call it a company until I see proof of their claims and products.
The normal procedure for a real startup company has 3 stages. Telling members they are holding off the launch till everything is perfect while stipulating a joining fee is a RED FLAG.
In the Prelaunch stage, a company starts to build an audience so it can actually have a product for people to try.
Private Beta is where a company has products that members can use and do use. It can still be buggy at this stage and this is where the company continues to develop and fine-tune its systems while still continuing with member development.
Public Beta is when a company can take on more members because it knows it has delivered and continues to deliver value as well as introduce and roll out further upgrades and services that are stated on the white paper and road map.
Marketing should start at pre-launch and carry through to all stages. All genuine companies that integrate and use the latest technology have an official whitepaper and road map. In all my research I have yet to find an Onpassive White Paper or Road Map.
Notably, I found only four videos. Three of them were hyped up videos of roughly around 90-seconds in length each, that belonged to Ash Mufareh himself, but not of himself on his YouTube channel that had a total of only 420 subscribers. The one other video was a presentation by one of his recruits. You’ll only ever actually see him on a few webinars of his top leaders in Onpassive at which he has been an invited guest.
All meetings seem to be very Kumbaya with very little substance and all very vague of what is actually promised to the members in terms of its “seismic revolutionary technology” and marketing tools. The rest is excited hype. Transparency doesn’t seem to be one of Ashraf Mufareh’s fortes. All of the webinars are still there on YouTube with the repetition of the exact same things said a year ago, always being equally “excited” and “blown away” by all the wonders Mufareh keeps talking about, during these webinars — but of course, that’s all “proprietary”, so he can only hint at it. (the guy seems to think “proprietary” means “confidential”).
Video Compliments of Julian Leahy
The Matrix Of Infinity
Onpassive’s compensation plan was until recently, a 3 x 10 matrix, and since been changed to a 3 x infinity corporate matrix. Every individual has their own matrix they need to fill within the corporate matrix. Below I do the math on a 3 x 12 level matrix then go on to 20 levels for those that haven’t taken that into consideration up to this point.
The initial joining fee of $97 upfront, locks you into the infinity corporate matrix. Then at launch, you need to become a customer initially, pay one of four levels $25, $125, $250, $500. This is a monthly fee, which the leaders claim will become self-funding, therefore not out of pocket once you fill your matrix. Each level has a finite amount of tools available for use. If you want them all to complete your marketing suite, you need to pay for all 4 levels upfront totaling $950 monthly. Once you have your back office, with a click of a button you become an independent reseller even though it’s touted that you just pay a one-time joining fee of $97 now before it goes up to $997, then sit back and earn $2 million a month.
What is noteworthy is that for any MLM company to be a legal entity, it needs to have retail customers yielding retail sales separate from the distributors or resellers.
There are no qualifications needed, just join up and get paid by every new member that comes into your team. According to one of the leaders, Mike Ellis, This comp plan is “revolutionary” and “really really cool, really really ingenious” as you as a member get your level 4 monthly membership (once you’ve reached level 4) paid by the “profits of the company.” (in other words, the money from the people that have come in after you that are in your personal matrix within the corporate matrix.)
Revolutionary? No, it’s been done and failed too many times before. This matrix program is just hiding under the guise of the latest technology of the products (that no one has actually seen yet) that most people know very little about. Any real AI company will tell you it is very expensive to implement and maintain to keep it running at top-notch.
Let’s Do The Math
In a 3 x 12 matrix pyramid scheme in which the top 3 people recruit 3 new people. Those 9 recruits 3, the 27 beneath them bring in 3, 81 beneath them, 243 beneath them, 729 and beneath them, 2,187 beneath them 6,561 and so forth down to just the 12th level is 4,782,969 recruits.
On the 20th level, it equates to 10,460,353,203 people which is more than the current population on earth. Unfortunately, everyone that comes in, even the last person to be signed up thinks they are at the top of the matrix. (Psst… you are! — The top of YOUR matrix with nobody under you until you make the effort to recruit, and until then you pay the monthly fee for the tools.) but wait, there are no more people left in the world to recruit.
What about spillover? Unless you come under a hotshot recruiter and particularly if you come in at a lower level there is no spillover, it dries up as the people who have been told they don’t need to recruit come in before you have their infinity matrices to fill before they even get close to you. Let’s face it, most people that are drawn into a program that promises to make them a millionaire don’t know how or even want to work for their dreamy lifestyle.
Genuine Customers Who Want The Purported Services Of Onpassive Are Waking Up
One of many members that joined over a year ago, had this to say,
“I, unfortunately, joined this company over a year ago "yea I know stupid me" but I didn't believe the bullsh*t about making all that money with the matrix plan doing little work but instead was trying to find a marketing system that would help me with advertising my affiliate programs and other business ideas. For the last year, I have been hearing the company's mouthpieces talk about we are "just about to launch so get in now".
Since that time the "Founders'' have gone from around 25,000 to now well over 110,000 and still, we are "just about to launch". I just wanted the services which were promoted in the beginning but now it's all about creating an online meeting platform like Startmeeting which is going to be "bigger than Zoom or Google". Well, I DON'T CARE about that. I just want to have a marketing system that works and doesn't cost an arm and a leg which I am beginning to see now is next to impossible.
I have given up on the $97 sign-up fee but it just pisses me off the way people can so blatantly promise a service(s) and then just put off providing it because they are some sort of MLM marketing company in prelaunch. I wish I had done more research and looked for other videos like yours back then, but I was just so eager to find something that might work for me that I just went in blindly. Maybe eventually this company might prove me wrong and actually launch but then again maybe golden raindrops will fall from the sky the same day I win the lottery too.”
Or there’s this one…
This guy seems to know what he’s talking about…
About Ashraf Mufareh — The Last 10 Years
Ash Mufareh has been involved with different work at home endeavors that have been shut down almost as soon as they start. In 2010 Mufareh founded a recruitment-based matrix scheme called AshMax.
Mufareh stipulated AshMax was NOT MLM but on the contrary, has a 5×5 sales matrix, with each new member required to recruit 5 additional members within 20 days. If someone does not meet this requirement, the person is forced out of the matrix. The full 5 x 5 matrix comes into effect after 100 days (5 x 20 day periods), at which point the first level member can reportedly expect to earn in excess of $22,000 per month, recurring, for life.
According to one ex-member of AshMax,
“things were well organized over there (AshMax), for a while — weekly webinar meetings, training sites, upline/sponsor communications on point. The crux for me, the goal post kept moving, things got shaky and no one was giving disclosure. Long story short, things went pear-shaped, never got sorted, refunds never happened, etc.”
In 2012 he became involved with a Ponzi scheme called TelexFree using his TelexMax. TelexFree had legal troubles in Brazil. In 2014 the SEC shut it down revealing TelexFree U.S. investors lost in excess of $3 Billion.
A couple of years later Ash Mufareh became involved with another Ponzi scheme based out of Brazil called PayDiamonds. That endeavor didn’t last long either and in mid-2018 it was closed down. It was at that time when Ashraf Mufareh started GOFOUNDERS/ONPASSIVE.
Here is one of the three videos on Mufareh’s official YouTube channel. The title of the video is, “Ash Mufareh — The Visionary Behind the World’s Best Online Business Solution”. With a title like that, wouldn’t you expect to see or hear Ash saying something about his AI-Tech baby? How about footage of him working with his team? I certainly did and was left disillusioned when I viewed them. There was nothing but self-aggrandizing and hype. Ash is not the person in the video.
Absolutely none of the ONPASSIVE videos show footage of Ash Mufareh. You would think that if someone was creating the next best thing, that person would want to get out there and promote his new creation. Wouldn’t you expect that after 2 years of promoting and collecting an accumulative total of $11,640,000 from 120,000 GoFounder members at $97 a pop, he would be able to and want to reveal the progress to date? You will always find a genuine owner of a startup out there in full view with updates and progress reports every step of the way.
Trustpilot,as its name suggests, should be trustworthy about its reviews (you would think) however, a multitude of reviews look very suspicious to me… here are just two,
How can this be if they haven’t launched the marketing suite yet?
If a plan purports to sell a product or service, check to see whether its price is inflated, whether new members must buy costly inventory, or whether members make most "sales" to other members rather than the general public.
Beware of any plan that makes exaggerated earnings claims, especially when there seem to be no real underlying product sales or investment profits.
Beware of any plan that offers commissions for recruiting new distributors, particularly when there is no product involved or when there is a separate, up-front membership fee. At the same time, do not assume that the presence of a purported product or service removes all danger.
Beware of any program that claims to have a secret plan, overseas connection, or special relationship that is difficult to verify.
Beware of any plan that delays meeting its commitments while asking members to "keep the faith" and keep taking on new signups that must pay a joining fee. Many pyramid schemes advertise that they are in the "pre-launch" stage, yet they never can and never do launch. By definition pyramid schemes can never fulfill their obligations to a majority of their participants. To survive, pyramids need to keep and attract as many members as possible. Thus, promoters try to appeal to a sense of community or solidarity, while chastising outsiders or skeptics.
Finally, beware of programs that attempt to capitalize on the public's interest or naivety in hi-tech. Every investor fantasizes about becoming wealthy overnight, but in fact, most hi-tech companies only yield substantial profits after years of hard work.
Summary and Reality Of So Many Team Building Pyramids
The victim, like the first investor, thinks of himself at the top of the pyramid but suddenly realizes that he is actually at the bottom, unable to find people interested in the program to build out his downline. He is not alone because mathematics shows that MOST investors will find themselves at the bottom of the pyramid when it collapses. The very structure of a matrix dictates that whenever the collapse occurs, at least 70 percent will be at the bottom level with no means to make a profit.
The GoFounder members will be quick to say that ONPASSIVE is an AI & IT company and not an MLM. If that is true, why is a matrix-based multi-level compensation plan used to build a team? Those are MLM hallmarks!
In my opinion, it shouldn’t be frozen in a prelaunch for over 2 years while taking people’s money. It should have reached the BETA stage by now so those 120,000 members that have paid their money can start tinkering with it at least, with ongoing updates and reports from the engineering department and corporate body, not just avid over-excited members who have only been in it for 15 months, taking the lead and have obviously drunk the kool-aid.
Right now the only thing that may attract a naive marketer is its claim of being “100% Hands-Free Completely Done-For-You Automated Online Success” and for the people who want to believe that there’s money-for-nothing ogle over the proposed passive earnings in the compensation plan.
If you apply some simple logic to their claim against the actions of a member aggressively promoting and recruiting, it contradicts itself. It’s clear to me that anyone who joins has been swept up by the thought and promise of making millions passively.
A successful business that brings real value does not put making money a personal priority and just wait for the money to roll in while you sleep. An excellent article explaining why “passive income” is a dangerous fantasy and points out 4 reasons why,
1. You Can't Stay Ahead of Competition Passively
2. You Can't Maintain a Loyal Tribe of Customers Passively
3. You Can't Lead Great Teams Passively
4. You Can't Create Meaning, Passion, or Purpose in Your Life Passively
My Final Thoughts
The evidence and timelines in this article are correct at the time of researching and writing. It certainly makes sense to me to BEWARE & to look out for RED FLAGS and apart from doing your own due diligence, logically think about what is really happening here.
What Onpassive is promoting is nothing new or special in the technical aspect, in fact, at the moment it’s fresh air until it launches (if it ever does). Automated marketing and AI technology are already being used along with blockchain and cryptocurrency in the marketing arena for far less money and there’s been no need for a pyramidical recruitment matrix.
Elon Musk, CEO of Tesla and SpaceX,a very successful entrepreneur revealed that Tesla has had a spectacular run this year despite the COVID 19 impacts. In a recent interview, he offered some advice to other entrepreneurs, suggesting that any company of any caliber put their investments first into engineering and developing a product that is superior before investing in Marketing,
“My advice, you know, to corporate America or companies worldwide is spend less time on marketing presentations and more time on your product. Honestly that should be the number one thing taught in business schools. Put down that spreadsheet and that PowerPoint presentation and go and make your product better.”
What Musk says speaks volumes to me. To be a legitimate company, there needs to be “a product” long before it starts taking money from interested parties. Even in the initial stages, you won’t see any investor just hand over the money on promises or without seeing at least the blueprint (or white paper) of the startup company’s products which should be available to the public. They need to see that it’s a viable company and marketing hype incessantly and publicly just doesn't cut it for savvy investors.
Before the claims of how “mind-blowingly, nothing out there like it” system is broadcast to the world, the company needs to be transparent with its products and after 2+ years, it should be well into a BETA phase and not continuously delaying the launch, repeatedly saying you still have time to get in at the cheaper price. Food for thought.
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.
POLICE ARRESTED A 17 YEAR OLD WHO THEY SAY MASTERMINDED THE TWITTER HACK
Federal law enforcement officers arrested Graham Clark, 17 of Tampa, Florida, for allegedly masterminding the recent Twitter hack.
They allege he filched $120,000 worth of Bitcoin during the first hours of the scam.
It’s unclear if Clark, who is facing 30 felony charges, and the two others, acted alone, police said.
The investigation is ongoing.
An early morning raid staged by a joint task force of federal law enforcement officers nabbed a Tampa, Florida teenager who they claim pulled off the biggest hack in Twitter’s history. Two other teens—one from Naples, Florida, and the other from Bognor Regis, a seaside resort on the southern coast of England—were subsequently arrested.
Florida Law Enforcement officials working with the FBI, IRS, and Secret Service arrested Graham Clark, 17, for his alleged involvement in the Twitter hack that hijacked blue checkmark accounts of the likes of former president Barack Obama, presidential hopeful Joe Biden, business mogul Elon Musk, Kanye West and others.
Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism
The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide.
Data from a number of sources show that the bitcoin (BTC) held on exchanges has dropped to a low not seen in over a year. This statistic gives crypto proponents bullish optimism, as the last time BTC exchange balances were this low the price of bitcoin (BTC) jumped very close to the $13k range last summer.
The number of bitcoins held on exchanges did see a brief low during the market rout on March 12, otherwise known as ‘Black Thursday.’ News.Bitcoin.com’s collected data had shown in April that crypto exchanges saw bitcoin reserves drop by 70% since that day in mid-March.
The cryptocurrency data and analytics company Arcane Research tweeted that the low number of BTC held on exchanges means investors prefer to hold rather than sell.
“BTC deposits at major exchanges have dropped significantly since April and are currently at the low-levels of May 2019,” Arcane noted. “This suggests that more users prefer to store their BTC in private wallets, which may lead to a lower selling pressure in the upcoming months.”
However, other speculators think that the funds are funneling into alternative crypto assets rather than bitcoin (BTC). “Probably also reflective of the ability for people to buy alts directly from fiat, rather than first through BTC,” one individual replied to Arcane’s recent tweet.
Today on July 30, the top five exchanges with the largest number of BTC reserves include Coinbase, Huobi, Binance, Bitfinex, and Okex.
Just recently, the San Francisco-based exchange Coinbase was responsible for 1 million BTC worth of reserves and today the trading platform only has 944,000 BTC according to the Bituniverse “Exchange Balance Rank” metric.
What do you think about the low number of bitcoins held collectively on global exchanges today? Let us know what you think about this subject in the comments below.
Is Markethive potential going to eclipse even the greatest expectations?
Marketo, Inc. is a software company focused on account-based marketing, including email, mobile, social, digital ads, web management, and analytics.
Marketo is an Inbound Marketing platform similar to ours, but lacking social network integration, lacking commerce portals and built upon a central database system not decentralized as a our blockchain does, just sold to Adobe for 4.75 Billion dollars.
FOUR BILLION and SEVEN HUNDRED and FIFTY MILLION DOLLARS ($4.75 BILLION) let that sink in.
Marketo is a high-end system in that they charge upwards of $25,000 per month per subscriber depending upon the magnitude of data (read email addresses and contacts) you acquire within the system.
Markethive does not charge for the same thing, it is always free and built to empower you to achieve individual sovereignty. Rather Markethive is built upon the blockchain, has its own economic environment with its own coin and by the nature of what we do, our economic velocity produces valuable revenue. This transformation allows our subscribers to achieve financial autonomy within the system by the very nature of our crypto assets.
The fact that Markethive has growing revenue puts us in the top 5% of all the other Altcoin block chains (many of them in one stage or another in an ICO). The fact our Alexa ranking is under 55,000 ranks us number 6 in CoinMarketcap’s 100 top coin systems like Bitcoin, Ethereum, XRO, EOS, Stellar, Monero, etc. The fact we already have a growing and active community puts us in the top 10%
And we have not even launched our Crowd Funding Campaign (like an ICO) yet. Ours will be a little different called an ILP similar to the BOD we did years ago. But with all of this advantage, it is easily understood, Markethive’s crypto blockchain crowdfunding launch will probably break records:
Like EOS (https://eos.io/) a smart contracts ICO altcoin that raised $4.1 billion for a smart contracts blockchain. They have an Alexa ranking of 65,089 and just launching their first Toolkit online after a year from their initial launch. They do have big names behind them, point is, they are still mostly promise.
Like Telegram (https://telegram.org/) who raised $1.7 billion for encrypted messaging and blockchain ecosystem which they have launched and have grown to over 900 million in less than a year because they delivered. They have an impressive Alexa ranking of 336. They have virtually killed Skype and came out of nowhere.
Like Dragon (https://drgtoken.io/) a decentralized currency for casinos raised $320 million and to date are partnering with major casinos to develop but have yet to deliver. Alexa ranking of 763,015
I use these examples to illustrate the unbelievable potential that has materialized for Markethive primarily because of the advent of the blockchain.
Markethive is a Market Network (next generation social network)
We are a blockchain next-generation social network now being identified as a Market Network. We own our code. Our blockchain has just recently been completed and we are now developing our wallet. We are yet to launch our ICO (actually we are launching a better alternative called an ILP) but we are doing it right.
Our plan has been to build into our wallet app into an advanced secure communications platform, a chat and messaging but more of a webinar conferencing platform, similar to Zoom but secure and private running on the blockchain.
Then to our total astonishment, the only peer to peer advanced webinar platform, which runs on all systems, Windows, Apple, IOS, Droid and Linux on all browsers in HTML5 fell into our laps we were franklin shocked and amazed. We are buying the company and this acquisition will catapult Markethive beyond all expectations crushing any competition that even comes close to our ecosystem, an ecosystem for the 5 billion entrepreneurs in the world.
We want to open up this acquisition to 10 of you to partner in this deal with us. Want to know more? Come to our webinar rally this weekend. See the calendar here: http://markethive.com
I am building Markethive to be as much yours like the rest of us. This is what the Entrepreneurs upgrade represents. If you have an Alpha or BOD system you will also participate in this member ownership as well. I highly suggest all of you start attending as the gears are beginning to turn faster and faster and you do not want to miss the ride of your life.
Markethive’s potential, considering what I have just shown you will be greater than you can imagine. Do not miss this.
Bitcoin's Current Breakout Sets It up for $28,000, Headed for Six Figures — Max Keiser
Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000.
While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually test $100,000. But not before some correction.
“$28,000 is in play before we see a pullback — and then we’re heading to 6-figures,” Keiser forecast, in the course of several tweets.
Bitcoin (BTC) soared more than 20% to hit $11,300 on July 28, its highest level since August 2019. The top crypto has struggled to break above the key $10,000 point since the May 11 halving, but made easy of the resistance level in the last 48 hours.
The rally comes as the U.S. government this week announced another round of stimulus spending, a $1 trillion package, that will also finance Covid-19 cushioning allowances paid out to American families at the rate of $1,200.
In his predictions, Keiser, host of the Keiser Report, was apparently hitting back at crypto skeptic Peter Schiff who said that bitcoin mostly drops after hitting $10,000 and is poised for a similar decline.
In an earlier interview, Schiff referenced bitcoin’s post-$10, 000 performances. “Two of the last three times #Bitcoin rose above $10,000 in Oct. of 2019 and in Feb. of 2020 it soon fell by 38% and 63%, respectively,” said Shiff, who has previously opposed gold’s rise to bitcoin.
He said: “The last time Bitcoin rose above $10,000 was in May, and it only fell by 15%. It’s above $10,000 again today. How big will the next drop be?”
Keiser had short shrift for the position, asserting that Schiff, the “worst money manager in history,” was wrong “for the 500th time in ten years.” He added that Schiff is “puking his brains out right now,” regretting his gold purchase.
Regarding the relative accessibility of bitcoin over gold, Keiser tweeted: “I have been saying for over a year that silver and gold will be difficult to source and the market will shift to Bitcoin as hard money substitutes, and those who never thought of buying BTC will be forced to.”
Gold and Bitcoin are usually paired as safe investment havens. Bitcoin’s finite money compares favorably to fiat currency. With the U.S dollar weakening, as the government doles out free money, the distinction comes into focus.
What do you think of Max Keiser’s bitcoin price forecast? Let us know in the comments section below.
Power Plants in Iran Are Authorized to Mine Bitcoin
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed.
Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary licenses from the Ministry of Industry, Mine and Trade, and comply with the tariffs set for crypto mining. He told IRNA publication on Monday:
The power plants must submit their requests, and follow the approved tariff set for cryptocurrency mining centers.
Miners have been setting up operations in Iran to take advantage of the country’s subsidized electricity rates. Data shows that mining farms in Iran are paying as little as $0.01 to $0.05 for one kilowatt-hour (kWh) of electricity. However, the rates increase four-fold during the peak summer season, prompting Tavanir to announce that it will cut up to 47% of the electricity tariffs for miners during the peak consumption periods.
Rajabi Mashhadi noted that permits have recently been issued to 14 cryptocurrency mining farms, each with a capacity of 300 megawatts, as news.Bitcoin.com reported. In addition, more than 1,000 bitcoin mining licenses had previously been issued, including for Iminer, a major bitcoin mining operation based in Turkey.
Rajabi Mashhadi also emphasized that anyone reporting illegal cryptocurrency mining farms will be rewarded. “The supply of electricity is of great importance to the public” and “we will not allow those who misuse the tariffs provided for the agricultural and industrial sectors to produce bitcoins,” he concluded.
Iran’s President Hassan Rouhani called for the creation of a Muslim cryptocurrency in December last year in cooperation with Turkey and Malaysia. Recently, he supported the creation of a national cryptocurrency mining strategy in order for the country to prosper economically amid U.S. sanctions.
What do you think about power plants in Iran mining bitcoin? Let us know in the comments section below.
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Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit
U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin — again.
The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout.
Instead of buying groceries or paying rent, many Americans opted to invest in the top cryptocurrency when they received their first stimulus checks in April.
And the gamble — ditching inflationary government money for deflationary crypto — is paying off. Those that converted the free money to bitcoin have raked in up to 54% in profit in three months as the price of BTC barrelled past $10,700 on July 27.
At the time when the checks were first issued, each bitcoin traded for around $7,000. Today, each $1,200 check invested in BTC is worth about $1,829, a gain of more than $600.
Now, history may be about to repeat itself.
“Straight to the BTC, straight to the cold storage wallet,” said Reddit user Limited-Visibility, while responding to a thread started by Wocketman0351, who asked: “Who else is converting their free government money straight to BTC?”
Another Redditor, Rapierce0238, stated: “What I do get will go straight to bitcoin, just like last time.”
“It’s really the easiest way to avoid hitting the inflation from the stupid Fed continuously printing money,” opined Girafferage.
Someone else claimed: “I will be buying more car parts and bitcoin. We have plenty of food because we’ve been stocking up all summer.”
According to U.S. government officials, the latest stimulus checks are expected to be paid out sometime in August. White House economic advisor Larry Kudlow told CNN that families will receive this second $1,200 payout as part of a $1 trillion stimulus package.
When the government first paid out the stimulus money in April, large cryptocurrency exchanges Coinbase and Binance reported a spike in exactly $1,200 equivalent deposits on their platforms.
Brian Armstrong, chief executive officer of Coinbase, said at the time that the number of $1,200-worth deposits and buys on the exchange climbed by nearly 400% that month.
Will more Americans buy bitcoin with their stimulus checks? Share your thoughts in the comments section below.
VISA reveals plans to offer Bitcoin, Ethereum and Ripple payments
VISA payment giant publishes roadmap that will facilitate the creation of a bridge between cryptocurrencies like Bitcoin and its payment network.
Users of regulated platforms such as Coinbase could take advantage of Visa Direct to convert cryptocurrencies into funds.
Payments giant VISA made public its efforts to incorporate cryptocurrencies such as Bitcoin (BTC) into its payments network. With access to over 61 million merchants globally, VISA is one of the largest payment companies to create a roadmap for adopting cryptocurrencies on its platform.
In its publication, VISA acknowledges that the advent of Bitcoin and stablecoins such as Tether are a form of financial innovation that has brought benefits to consumers and merchants. In that sense, they highlight the rapid expansion that cryptocurrencies have reached as a payment method. In May of this year, circulation with cryptocurrencies reached $10 billion.
The payment company said it has been working with regulated entities, including Coinbase and Fold, to create a bridge between digital currencies and its payment network. As a result, 25 crypto wallets are linked to the services offered by VISA. This way, users of these services can use their funds in cryptocurrencies to spend them with VISA cards or a prepaid credential.
The payment giant revealed that users with cryptocurrencies utilizing this service could start using Visa Direct. This product allows consumers to make faster payments with cryptocurrencies that can be added to their Visa credentials, in real time. In addition, Visa highlighted the importance of its FastTrack program to expand its cooperation with entities linked to the crypto space. Visa says:
Through these efforts, Visa has become the preferred network for digital currency wallets, which are eager to deepen their value to users by making it quicker and easier to spend digital currency worldwide.
Another step that Visa highlighted as an important part of its expansion into crypto payments involves an investment to Anchorage. This investment is aimed at developing a secure infrastructure for the crypto ecosystem. In this regard, Visa also revealed other developments of great importance to the crypto industry:
Our research team has been exploring the science of blockchain technology for several years. Their work has yielded several promising innovations, including Zether and FlyClient. Today their research is focused on new mechanisms to improve scalability and enable offline digital currency transactions.
VISA is working with regulators to promote adoption of cryptocurrencies
One of the relevant obstacles in VISA’s roadmap is the position of politicians, regulators and other government entities. With the argument of protecting consumers and preventing money laundering, governments like the United States exercise harsh policies towards Bitcoin and the crypto market.
In that sense, VISA said it is working with legislators and global organizations to “shape the dialogue and understanding” of cryptocurrencies. The company mentioned its cooperation with the World Economic Forum to draw up recommendations that central banks can incorporate when creating a digital currency (CBDC). VISA concludes the following:
We believe that digital currencies have the potential to extend the value of digital payments to a greater number of people and places. As such, we want to help shape and support the role they play in the future of money.