ETH founder Vitalik Buterin says there is too much focus on the crypto now

Alphateca / DATE: 07/31/18

Ethereum founder Vitalik Buterin believes that cryptocurrency adaptation  does not require new trading tools, but the widespread use of it for daily purchases.

On his Twitter account  Buterin wrote that there is too much focus on the crypto now  - ETF, not the fact that people can make everyday purchases with cryptocurrency in the corner  shop. In his opinion, the first scenario is better for raising the rate, but the second one is much more effective for real adaptation.

During the subsequent communication with subscribers, he said that it is necessary to promote the virtual currency and introduce new cards and applications that simplify the payment process. He also wrote that he considers the current level of adaptation to be unbalanced due to lack of real use of cryptocurrencies and excess investment.

Virtual currencies are polymorphic because they are used as an investment and as a means of payment. Both functions are important, but for global use, real use is crucial. The Wells Fargo/Gallup poll showed that only 2% of investors now own Bitcoins, and only 1% plan to buy them in the future.

Words of Vitalik Buterin confirm the study conducted by the research firm Elementus Inc., claiming that only every third payment in Bitcoin is associated with the purchase.


Top 10 items that did not pass Alphateca moderation

Alphateca / DATE: 07/30/18

Alphateca - a trading platform where you can find everything. Or almost everything, as yet some goods do not pass the moderation.  We made a list of the most unusual ones.

1) Quidditch trainings membership

Harry Potter fans really gather together to play Quiditch (the first  Quidditch World Cup was held in July 2012). As you can understand, it has almost nothing with the original wizarding game described in J.K. Rowling book. Fans imagine flying on broomsticks scoring Quaffle, weaving in and out of Bludger and catching Golden Snitch.

Nevertheless, Alphateca administration rejected placing Quidditch  trainings membership. The main reason was that the description says it sells REAL, WIZARDING QUIDDITCH, but everyone knows that WIZARDS never tell Muggles about their existence. So, the service was declined.


2) Sex party with Sesame Street heroes participation

You have never been a child unless you like Sesame Street. Alphateca administration used to be children and still love Kermit the Frog, Bert, Ernie, Cookie Monster, Big Bird and other heroes of the show. Still their love is either too weak to admit placement  of Sesame Street sex party participation  or too strong to take all of the invitations. The moderators explained their decline with the fact sellers did not provide with the trademark permission to use images of Sesame Street heroes. But who knows...


 3) Guinea pigs mining farm

If you are a big fan of guinea pigs as well as our administrators, we should warn you some shocking news are above. At first view, a pending item on the Alphateca platform was quite common. Mining farm - not a big thing. But later on, Alphateca moderators read the description and instantly were being fed with ginger cookies and hot chocolate. The thing is that the seller suggested using cute guinea pigs for mining. The most daunting was the warning: "Notice, the body temperature of guinea pigs is about  100 °F, so prevent them from  overload to avoid explosion".



 4) Mattew McConaughey tears during "Interstellar" shooting

Sure, Mattew McConaughey didn't take the Oscar for his Cooper role in "Interstellar". Moreover, he was not even nominated for the movie awards. But it's so trivial when you became  a real memes' star touching hearts of millions. And this is it - a real recognition and apex of an actor career.  While Mattew was rejoicing at his own popularity, unfair fans decided to hype and place a flask with his tears collected during the "Interstellar" episode shooting. The seller rejected giving a DNA proof - so we have no idea what liquid these shams are selling.


5) Oil deposits map of North Korea

As far as we can know from mass media, there is nothing good but Kim Jong-um hairstyle.  So, as soon as our moderators noticed a pending item "Oil deposits map of North Korea" they were surprised and immediately googled "Is there oil in North Korea?". Google said "no", so the placement on Alphateca was declined. However, if both the moderator and Google were wrong  and there is oil in North Korea, we would ask to send the map directly to Kim Jong-um. Perhaps, Kim can spend oil profit on making the same trendy hairstyles for every citizen of the country.



6) Novichok alternative recipe from improvised materials

Be honest, do you wish for someone's death? We are sure that your answer was "no". The same cannot be said about the users who wanted to place  Novichok alternative recipe from improvised materials on  Alphateca.

Firstly, our moderators had doubts if  peanut butter, hair conditioner and several other mass-market ingredients ( which will not be named for safety reasons) can make something similar to  what was developed by Soviet scientists. Secondly, who knows, maybe it can be so...



7) Tesla Quadra Smartphone

If Elon Musk signed up for Alphateca (if not already so) and posted Tesla Model X, SpaceX flight or his mini-submarine, they would easily pass our moderation. But, the Tesla smartphone Quadra, which appeared on moderation a few days ago, caused doubts among our administrators. Maybe because it hasn't been produced yet. And Alphateca is against any counterfeiting. So, Elon, when the official sales of your smartphone start, we will be glad to see it on our site, as well as you among our users. If you have any difficulties with working on our website, you can always ask for help. Our support are the friendliest guys ever.

8) "Game of Thrones" final season script

This product did not pass the moderation for several reasons. Firstly, no one, including Alphateca administrators, likes spoilers. Secondly, even if we assume that this is a real scenario (which we doubt very much, since work on it has not been started yet), we do not want to violate the law and thereby cause the anger of Daenerys. We don't know what you think, but we definitely do not  want to fight with dragons. Of course, we have Alphy the Bull who will help us to win, but we do not encourage any violence. So, hold your breath and wait until the final season is released.



9) Holy water

Alphateca  administrators have nothing personal with holy water. On the contrary, they appreciate that with the help of holy water you can get rid of evil.  But unfortunately, the sellers who placed  Holy water on  Alphateca couldn't provide with any authentication. And we don't want Alphateca users  to get into trouble. Just imagine: you are standing in front of a vampire, you have run out of silver bullets and someone broke your stake.  All you have is a bottle of holy water. You sprinkle it on a  vampire , but the water doesn't help. If you're lucky one you convert into a vampire. But who wants to be like Edward and Bella?!



10) Kangaroo-taxi patent (transportation in the kangaroo baby carrier)

 Alphateca user  from Australia turned out to be smarter than the Uber engineers  and created a Kangaroo-taxi project. The idea is to use kangaroos and their baby carriers  as a means of transportation. At first glance, the idea is no good at all. The maximum speed of kangaroo corresponds to the maximum speed on urban roads in Australia - 35 m/h. Yet, Alphateca administrators were troubled by the fact that this kind of transport isn't humane enough. So, they decided to decline the service on our marketplace.



Venezuela will anchor the national currency to the cryptocurrency

Alphateca / DATE: 07/27/18

                                                                          "The monetary reconversion will start on August  20"

According to Reuters, the president of Venezuela  Nicolás Maduro has announced that the national currency bolívar will be anchored to the oil-backed Petro (PTR)  cryptocurrency. Also, during a televised podcast Mr. Madure declared: "The monetary reconversion will start on August  20" and showed new denomination notes that are to be released at the end of next month. The new currency the Bolívar Soberano (Sovereign Bolivar) will lose five zeros. These measures have been assumed to stabilize the financial situation in a country experiencing a protracted economic crisis.



Alphateca started negotiations with Bank of America

Alphateca / DATE: 07/26/18

Ilya Stenkov - the founder of Alphateca - a trading platform where you can sell and buy any goods or services with cryptocurrency - started negotiations on cooperation with the President of Bank of America Brian Moynihan.

At the end of last week it became known that the Bank of America filed a patent application for the development of a data validation system based on blockchain technology. The system records  information about previously performed financial transactions of the client bank to allow external data confirma.

Noticeable enough that according to media reports, Bank of America filed K-10  report to the U.S. SEC, in which  recognized  the cryptocurrencies threat. So, this makes one think that the Bank has some difficulties in working with cryptocurrencies and blockchain.

According to Stenkov,  Alphateca team supports any initiatives related to secure financial operations globally. " We understood that we are not only eager but also able to  help our colleagues to reach their goals   considering our successful experience. I sincerely hope that our cooperation with Bank of America will be fruitful and contributable in terms of  the world economy development," -  Stenkov said.



The world’s first blockchain-based airline digital wallet has been launched

Alphateca / DATE: 07/25/18

Singapore airlines has officially announced the launch of the KrisPay - digital blockchain wallet, which allows to transfer KrisFlyer miles into KrisPay miles to partially or fully pay for them at 18 merchants including different goods services: petrol, food and beverage , retail, beauty services.

“We are excited to be introducing KrisPay, a novel way for our KrisFlyer members to digitally access their miles at their fingertips, at any time. By creating a miles-based digital wallet which integrates the use of miles into their daily lives, KrisFlyer members have yet another way to use miles instantly on everyday transactions,”-  said Mr Goh Choon Phong , Singapore Airlines CEO

                                                    Singapore Airlines is planning to become a world digital leader among airlines.


The presented solution allows to carry out operations with savings starting from 15 miles, which are equal to 10 Singapore cents ($0.73). During the launch phase, airline partners will also provide KrisPay users with discounts on goods and services. In the coming monts, the partners program is going to  expand through adding new stores and services and special promotional prices for frequent flyers.

KrisPay is a product of KPMG Digital and Microsoft collaboration that runs on a private blockchain. KrisPay is now available on  Apple and Google Play Store.

The company announced their plans to transfer the loyalty program for passengers on the blockchain in February this year. Singapore Airlines is planning to become a world digital leader among airlines.