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05/22/2017
JamesruinD
JamesruinD
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." the loans are also sometimes referred to as "cash advances," though that term can also refer to cash provided against a prearranged line of credit such as a credit card. payday advance loans rely on the consumer having previous payroll and employment records. legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces.
to prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (apr) that any lender, including payday lenders, can charge. some jurisdictions outlaw payday lending entirely, and some have very few restrictions on payday lenders. in the united states, the rates of these loans used to be restricted in most states by the uniform small loan laws (usll), with 36–40% apr generally the norm.
there are many different ways to calculate annual percentage rate of a loan. depending on which method is used, the rate calculated may differ dramatically; e.g., for a $15 charge on a $100 14-day payday loan, it could be (from the borrower's perspective) anywhere from 391% to 3,733%.
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05/22/2017
AllenFek
AllenFek
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05/22/2017
AllenFek
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05/22/2017
Gregoryicene
Gregoryicene
This seems to be out of this proverbial ripley's believe it or but not. but as mind-boggling as it may seem, word has it that globe not to date future, world paper money could quite certain be replaced by electronic-digital currency.
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because of this abuses our own current system, bytecoin has become incredible a force. that momentum is turning into a manifest straighteners. that destiny is that it normally takes its place alongside national currencies once the real world reserve money.
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in the 90s, argentina's debt continued to enlarge. their lender of last resort, the imf, continued to lend and extend payment schedules. much imf funding comes from the u.s. our lender of last resort, the fed, has continued to give loans to the government and for all intents and purposes, are extending payment schedules since debt is rolled on. consider the fed is doing this in order to fill a void by reluctant private lenders at currently low mortgage levels and support those same interest rates low - yet more distortion.
although this is simplified, the time basically the system advantages. you work for shares within a block and if complete you find a percent for the block in line with the amount of workers alongside you, less fees. utilizing this technique will earn you money.
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disadvantages using bit coins: 1.since bit coins are also the way of personal payment these currencies are used for getting illegal details. 2. purchasing of bytecoins are not often so quick. 3. there is also no refund when purchase bytecoins. 2. since payment with bytecoins do not want name, address and information of purchaser, hence if any fraud happens then it's not simple to find that unique. 4. in many countries bit coins are banned hence may not use it worldwide.
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05/21/2017
Taylorpef
Taylorpef
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05/21/2017
JustinNall
JustinNall
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05/21/2017
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05/21/2017
AllenFek
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05/21/2017
Tatyanatem
Tatyanatem
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05/21/2017
DanielGrone
DanielGrone
Bytecoin, an untraceable privacy-preserving cryptocurrency, has just seen an astronomical triple-digit percent surge in price. the cryptocurrency soared to the all time high market capitalisation of $444,000,000, before calming down to around $300,000,000 and establishing itself at the top 10 cryptocurrencies by market capitalization at the time of writing (according to coinmarketcap). a symbolic turning point for one of the first untraceable cryptocurrencies launched in 2012.
the price hike happens upon the flourishing investor interest in cryptocurrency markets, and in particular upon the growing public appreciation of untraceable cryptocurrencies that contain privacy mechanisms (other examples are monero, dash and zcash, which have also experienced an increase in value in the recent months). the bytecoin surge may also be attributed to the announcement of the new features, which include allegedly never-before-implemented untraceable tokens - also known as “digital assets” or “colored coins”.
bug discovery
amid the bytecoin price rise, a cryptocurrency monero has released a statement disclosing a vulnerability in the cryptonote protocol, that underlies both monero and bytecoin cryptocurrencies. as written in the statement, the bug “allows for the creation of an unlimited number of coins in a way that is undetectable to an observer unless they know about the fatal flaw and can search for it.” the statement does not list bytecoin as one of the currencies that have updated the protocol following the detection of the bug.
according to the official response from the bytecoin, its development team has been aware of the vulnerability in april 2017, when during software testing it has discovered that several malicious transactions creating 504 million bytecoins had appeared in the network - which accounts for 0.2% of the total 183 billion bytecoin supply.
questions remain
the development team states that it patched the bug and worked with the mining services to update their software (that validates the transactions in the network), as soon as the bug was found. according to minergate, the major bytecoin mining pool, it was contacted by the bytecoin team in the mid april and “the fix to the mining software has been implemented by adding more checks for the transactions consistency” shortly thereafter.
the updated version prevented blocks with malicious transactions to be mined and thus no extra coins could be created. the questions still remain about the cryptocurrency exchanges and wallets, who are supposedly “safe to stick with the previous version of software”, according to the bytecoin statement, but “encouraged to update the protocol”.
the rise of token untraceability
in spite of this bug discovery and patching, the cryptonote-based cryptocurrency markets, including monero and bytecoin, has been positive, keeping them among the top 10 by capitalisation. whether it is because the coin holders are not well-informed of the protocol issues or they are confident of the development teams’ ability to manage these issues, the fact remains that monero’s and bytecoin’s capitalizations jointly amount to $750,000,000 at the time of writing, and as a result many early adopters have gone from rags to riches.
with the ico phenomenon coming into place this may not be all, as new cryptocurrency teams emerge stating their intention to adopt the privacy-preserving cryptonote protocol.
in fact, if the concept of untraceable tokens (untraceable digital assets) becomes a reality this year as promised in the bytecoin roadmap, the major trends of the crypto world could in theory converge: the booming ico phenomenon, the increasing capitalisation of tokens created on top of various blockchain platforms, and the growing market interest in untraceability and privacy. we are here to observe and see.
<a href=https://cointelegraph.com/news/untraceable-coins-storming-into-top-10-cryptocurrencies-bytecoin-surge>best way to invest currency</a>
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