DirtiCoin https://dirticoin.com/dirticoin/ The World's First Fungible Crypto Backed by Real Estate Fri, 17 Feb 2023 13:43:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 208508544 Get Free DirtiDollars https://dirticoin.com/2022/12/27/get-free-dirtidollars/?utm_source=rss&utm_medium=rss&utm_campaign=get-free-dirtidollars https://dirticoin.com/2022/12/27/get-free-dirtidollars/#respond Tue, 27 Dec 2022 19:26:19 +0000 https://dirticoin.com/?p=12435 Everyone wants something for free. DCM has created some partnerships that allow you to get free DirtiDollars (DiD). Nothing in

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Everyone wants something for free. DCM has created some partnerships that allow you to get free DirtiDollars (DiD). Nothing in life is truly free. Taking advantage of these offers requires you to buy something else, which is accompanied by the right to claim your free DiD. Whether it is an information product or a collectible NFT, each item you buy is valuable in its own right. The fact that it comes with the opportunity for you to claim a free DiD is a great bonus.

How long these freebies will be available is anyone’s guess. However, most are designed to support the DirtiCoin Presale, so you need to act fast to get these before the bonus value is gone.

DirtiDollars (DiD) or DID

The basic increment of DirtiCoin is the DirtiDollar (DiD). In fact, DID is the symbol used to represent DirtiCoin just as USD represents United States Dollars. One DiD is currently worth approximately $100 USD. For the exact value check the DirtiCoin Asset Ledger here [insert link].

Independent of the DirtiCoin presale, below are ways you can get your hands on a free DiD (or two). Please note that receipt of your DiD is subject to presale airdrop timing and conditions. Taking advantage of the offers below is another way to get on the DirtiCoin VIP Depositor Whitelist.

DirtiCoin Collectible DirtiDollars Non-fungible Tokens (DCD NFT)

When you buy one of the DirtiCoin Collectible DirtiDollars for 0.1 ETH you are eligible to receive one free DirtiDollar.

Each DirtiCoin Collectible DirtiDollar (DCD) is a non-fungible token (NFT). Each is a unique collector’s item. This contrasts with a regular DirtiDollar which is fungible currency, easily exchanged for other currencies and other increments of DirtiCoin.

DCD NFT are decorated with artwork and accompanied by text that is specific to the unique purpose of DirtiCoin to protect your wealth from volatility and inflation.

Each DCD NFT comes with a unique serial number and special commemorative text linked to the specific serial number. This may make specific numbers more sought after than others.

DirtiCoin Commemorative 1776 Example
DirtiCoin Commemorative 1776

You can find the DCD NFT currently available for purchase on Opensea.io using the link below.

Below are a few examples of DCD NFT which are currently available or will be available in the future.

#1009: Commemorating 1776 with signing of the Declaration of Independence. The new American government officially asserts, for the first time in recorded human history, the powers of governments come from the consent of the governed. Furthermore, everyone is endowed with certain unalienable rights. Additionally, governments are established by men to protect those rights, not to take them. Once unlocked, the free DiD becomes available.

#1010; Commemorates 1783 and the official end of the American Revolutionary War. Signing the Treaty of Paris in 1783 officially ended the war.

InfoCentral

InfoCentral.LTD (www.InfoCentral.LTD) is partnering with DCM provide an exclusive sales outlet for publications which are offering free DiD as bonuses when you buy select publications.

How to Legally Rob the Bank

How to Legally Rob the Bank by The Savvy Real Estate Investor reveals some of the best kept secrets of the investing world. Stop the bank from legally robbing you and instead get your hands on the profits the bank is making from your money.

The author shows you how you can do this yourself, or how DirtiCoin can do it for you.

If you just want to learn How to Legally Rob the Bank you may be able to buy the eBook elsewhere. However, getting one free DirtiDollar AND the knowledge of How to Legally Rob the Bank, is only available using this link.

Afraid of Crypto

Afraid of Crypto, written by DirtiCoin founder Sudato O’Benshee openly discusses both the terrible dangers of cryptocurrency and how DirtiCoin is designed to protect you from all of those problems.

Implemented correctly and honestly, cryptocurrency is a great opportunity for nearly everyone. Done wrong, it is just one more way to con you out of your wealth.

The unfortunate reality is that regulators, economists, bankers, and politicians all know what it takes to create a stable currency that resists inflation. Unfortunately, they have no incentive to protect your wealth. They want to convert your money into their money. Making themselves wealthy, at your expense. Inflation and volatility are two ways they do that.

Applying his many years of banking, risk management, regulatory, and information technology experience Sudato O’Benshee, and his team, created DirtiCoin to do what the regulators, politicians, economists, and bankers refuse to do. DirtiCoin is the world’s first totally fungible cryptocurrency that is backed by real estate.

When you use DirtiCoin to protect your wealth, you won’t ever be afraid of crypto again. Getting one free DiD along with your copy of Afraid of Crypto is only using this link.

TOPP Way to Sell Your Home Fast in Any Market

This book is going to make a lot of people angry. Many real estate “professionals” don’t want you to read this. The author isn’t trying to make them mad. Their anger is a side-effect of him helping you to sell your home fast in any market.

Including sample documents and nearly 100 pages of information this program is only available through The Savvy RE Investor. By special arrangement he is making it available at a discounted price to DirtiCoin depositors during the presale. We have added in a free DiD to make this information even more valuable to you. You can only take advantage of this special offer by using the link below.

Seller Finance for Sellers

Creative ways to sell your home fast and maximize your Profit, 34 page e-book, exclusively from The Savvy Real Estate Investor. Today’s real estate marketing has suddenly become very challenging for sellers. Real estate professionals immediately begin encouraging sellers to make concessions to sell their home fast. Usually, this means the seller gets less profit on their sale.

Seller Finance for Sellers shows you how to give a “seller concession” that actually makes you more money instead of giving it up. It makes you more profit from selling your home than any other method. Get a free DiD along with this extremely valuable information only by clicking the link below.

MORE TO COME

We are likely to add more ways for you to get a DirtiDollar in your crypto wallet. So, bookmark this page or subscribe to the DirtiCoin site to keep protecting your wealth from inflation and volatility.

Additional Relevant Links

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DirtiCoin’s VIP Depositor Whitelist https://dirticoin.com/2022/12/26/dirticoins-vip-depositor-whitelist/?utm_source=rss&utm_medium=rss&utm_campaign=dirticoins-vip-depositor-whitelist https://dirticoin.com/2022/12/26/dirticoins-vip-depositor-whitelist/#comments Mon, 26 Dec 2022 19:32:29 +0000 https://dirticoin.com/?p=12354 What is DirtiCoin’s VIP Depositor Whitelist (the Whitelist)? The Whitelist DirtiCoin’s VIP Depositor Whitelist is a list of people and

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What is DirtiCoin’s VIP Depositor Whitelist (the Whitelist)?

The Whitelist

DirtiCoin’s VIP Depositor Whitelist is a list of people and businesses authorized to deposit wealth into DirtiCoin. You might think that just waving money at us through DirtiCoin deposits is enough to get on the Whitelist. That is not true.

You have to wave money at us, AND you need to fulfill meet certain regulatory requirements.

Scalawags

Everyone knows that the cryptocurrency world seems to have more than its share of pirates, thieves, and rogues (AKA Scalawags).

The people who created DirtiCoin to protect your wealth against inflation and volatility don’t want to help Scalawags. One way to discourage Scalawags is through compliance with the US regulations around Know Your Customer (KYC) and Anti-Money Laundering (AML).

KYC

KYC, not to be confused with KFC (Kentucky Fried Chicken), requires people to prove their identity.

AML

AML requires people to take some minimal steps showing the source of their isn’t from criminal or terrorist activities.

Done For You (DFY)

The people who provide you regular banking products required you to fulfill KYC and AML requirements. This is true for your debit cards, credit cards, wire transfers, and ACH, or digital payment portals like Zelle, PayPal, Venmo, and others. They did this when they opened your accounts. That’s why DirtiCoin doesn’t need to do KYC or AML when you use those to deposit funds into DirtiCoin. These payment portals automatically allow you on DirtiCoin’s VIP Depositor Whitelist.

Additionally, all your sensitive personal and financial information needed to complete the KYC and AML is kept safe. It is never handled by DirtiCoin. We need is your contact details and the crypto wallet address where you want to store your deposits of DirtiCoin. We use those to alert you when DirtiCoin is airdropped to your crypto wallet.

Do It Yourself (DIY)

The world of cryptocurrency is very different.

Although some exchanges require KYC and AML compliance, many do not. In fact, decentralized exchanges (DEX) are peer-to-peer exchanges, without any centralized authority. This means there is no KYC or AML.

Because of this lack of KYC and AML, cryptocurrency is the preferred channel for Scalawags to launder their money.

DirtiCoin does not want to participate in that sort of economy. So, we are doing two things.

  1. Negotiating to join centralized exchanges which have a proven record of KYC and AML.
  2. We require that everyone wanting to use DEX to make DirtiCoin deposits go through a designated third-party KYC and AML process provider.

Just as in the “Done for You” section (above), all your sensitive personal and financial information needed to complete the KYC and AML processes is never received by DirtiCoin. We get an approval from the third-party. This keeps your critical data private.

If the deposit is outside of the DirtiCoin presale period, then your DirtiCoin is deposited directly into your crypto wallet. During the presale period, we need your contact details and the crypto wallet address where you want to store your deposits of DirtiCoin. We use those to alert you when DirtiCoin is airdropped to your crypto wallet.

In all cases of the DIY version of KYC and AML, the depositor will need to pay a fee to the third-party provider for the KYC and AML process.

Conclusion

Airdropping DirtiCoin to your wallet nearly always uses the Whitelist. This will likely remain the case for USD banking deposits. For all DEX deposits they DIY version of KYC and AML will apply, and deposits will be immediate after the third-party approval.

Relevant Links

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Exciting DirtiCoin Pre-Sale https://dirticoin.com/2022/12/16/exciting-dirticoin-pre-sale/?utm_source=rss&utm_medium=rss&utm_campaign=exciting-dirticoin-pre-sale https://dirticoin.com/2022/12/16/exciting-dirticoin-pre-sale/#comments Fri, 16 Dec 2022 20:34:00 +0000 https://dirticoin.com/?p=12273 Welcome to the exciting DirtiCoin pre-sale. The Pre-Sale Process The figure below illustrates a simplified version of the DirtiCoin pre-sale

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Welcome to the exciting DirtiCoin pre-sale.

The Pre-Sale Process

The figure below illustrates a simplified version of the DirtiCoin pre-sale process.

The DirtiCoin Pre-Sale is your opportunity to be among the first to protect their wealth using DirtiCoin. The DirtiCoin pre-sale period began with the minting of DirtiCoin on October 5, 2022. The pre-sale period ends when either of the following two conditions are met:

  • DirtiCoin deposits meet or exceed the equivalent of $15 million US dollars.
  • Date TBD

During the Pre-Sale Period

During the pre-sale period depositors can move their currency wealth from existing accounts to the DirtiCoin treasury using one of several methods (see below). DirtiCoinMinting, LLC (DCM) records the amount of the deposit and the associated email of the depositor as deposits occur. Before the end of the pre-sale period, DCM contacts each depositor and gets from them the address of the cryptocurrency wallet where they want their DirtiCoin deposited.

Following the pre-sale process adds you to our DirtiCoin VIP depositors whitelist.

Advance Notice of the End

DCM notifies you in advance before depositing DirtiCoin into your wallet. The process of depositing cryptocurrency directly into a wallet is called an airdrop. For more on the DirtiCoin airdrops please follow this link. On the date of the airdrop, DCM will execute the transaction to deposit your DirtiCoin into the cryptocurrency wallet you have previously indicated to us.

Pre-Sale Advantages

A pre-sale provides several advantages for you and for DirtiCoin.

  • Compliance with US financial regulations
  • Preventing price speculators from manipulating the market for DirtiCoin

Pre-Sale Deposits Using US Dollars

Compliance

When you opened your bank account or credit card account, the relevant financial institution verified your identity and the sources of your funds. In financial regulation terms this means they complied with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. When you use a credit card, certified check, or bank card to deposit US Dollars into DirtiCoin, by proxy, we fulfill our KYC and AML requirements through your financial institution.

Speculation Protection

The world of cryptocurrency is rife with pirates. The undisciplined way most cryptocurrencies have been designed and marketed plays right into the hands of people who want to manipulate prices so that they can buy at a low price and sell to you at a higher price.

By delaying initial the disbursement of DirtiCoin we inhibit unscrupulous pirates from obtaining DirtiCoin before others and then using phony monetary exchange strategies to make it appear the value of DirtiCoin has plummeted so they can buy it from you at artificially depressed prices and then redeem it for full value from DCM.

Likewise, this initial restriction prevents them from artificially driving up the value of DirtiCoin and selling it to you at an inflated price, leaving you to face the loss when the value of DirtiCoin is clearly demonstrated in the DirtiCoin Asset Ledger (Ledger).

Pre-Sale Deposits Using Cryptocurrencies

For depositors using select cryptocurrencies DCM is establishing pre-sale exchanges where you can deposit your cryptocurrency. When you do that, you will be asked for contact information which will be used by DCM to guide you through an interaction with a third party KYC and AML verifier. When you pass the verification, your wallet address and email is added to the DirtiCoin VIP depositors whitelist. The whitelist enables the airdrop.

Using this third party to provide KYC and AML verification will require you to pay a fee. This ensures that all the financial and identity information you provide remains confidential. It is only retained by the third party. DCM only receives the information needed to ensure we can complete the airdrop.

Benefits of the Ledger

The Ledger provides one of the most important benefits of DirtiCoin. Updated monthly, the Ledger unequivocally demonstrates the actual value of DirtiCoin. Additionally, the Ledger is periodically audited by a trusted, outside company to validate its accuracy and valuation. It shows the true market value of DirtiCoin. For more on the Ledger, please use this link.

Conclusion

Thank you for your interest in protecting your wealth with DirtiCoin, the world’s first virtual currency backed by the value of real estate. We have gone to great lengths to deliver to you an unrivaled opportunity to keep your wealth safe from inflation and volatility. Please be sure to tell all your friends about how we have helped you.

Read more about DirtiCoin’s VIP Depositor Whitelist

Read more about the DirtiCoin Airdrops

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DirtiCoin Airdrops: Manna from Heaven https://dirticoin.com/2022/12/16/dirticoin-airdrops/?utm_source=rss&utm_medium=rss&utm_campaign=dirticoin-airdrops https://dirticoin.com/2022/12/16/dirticoin-airdrops/#comments Fri, 16 Dec 2022 18:08:05 +0000 https://dirticoin.com/?p=12253 DirtiCoin airdrops are manna from heaven. Airdrops occur at the end of the DirtiCoin pre-sale period for all depositors and

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DirtiCoin airdrops are manna from heaven. Airdrops occur at the end of the DirtiCoin pre-sale period for all depositors and later solely for depositors using US Dollars.

Pre-Sale Airdrop

The DirtiCoin pre-sale period last from the date of minting (October 5, 2022) until one of two conditions is met:

  • DirtiCoin deposits meet or exceed the value of $15 million US Dollars
  • Date – TBD

Post Pre-Sale Airdrops

Crypto Deposits

Except during presales, deposits of accepted cryptocurrency alternatives occur on the blockchain and appear immediately in the depositor’s wallet,

During the pre-sale period, cryptocurrency depositors complete a Know-Your-Customer (KYC) and Anti-Money Laundering (AML) application before the deposit is accepted. Upon acceptance, your information is added to DirtiCoin’s VIP Depositor Whitelist. The whitelist directs the airdrop process giving depositors direct control of their DirtiCoin.

USD Deposits

All deposits through DCM approved payment portals made using US Dollars are subject to US regulatory buyer’s remorse periods. We hold deposits for three (3) business days after clearing your initiating account.

After the buyer’s remorse period, DCM accrues deposits for distribution in a monthly airdrop. During the pre-sale period, monthly air-drops accrue and execute at the end of the pre-sale period.

General Notes About Airdrops

Airdrop, as it relates to cryptocurrencies, refers to the custom of directly delivering cryptocurrency into someone’s cryptocurrency wallet. To be able to effect an airdrop to a DirtiCoin depositor, during the deposit process, DCM requests the wallet address of the depositor. During the airdrop, DirtiCoin drop directly into the depositors’ designated wallets.

Read more about the Exciting DirtiCoin presale.

Read more about DirtiCoin’s VIP Depositor Whitelist

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DirtiLearning: DirtiDictionary and DirtiSources https://dirticoin.com/2022/12/15/dirtilearning-dirtidictionary-dirtisources/?utm_source=rss&utm_medium=rss&utm_campaign=dirtilearning-dirtidictionary-dirtisources https://dirticoin.com/2022/12/15/dirtilearning-dirtidictionary-dirtisources/#respond Thu, 15 Dec 2022 16:49:20 +0000 https://dirticoin.com/?p=12002 DirtiLearning: DirtiDictionary and DirtiSources are lists of key terms and research sources that are important to the development and understanding

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DirtiLearning: DirtiDictionary and DirtiSources are lists of key terms and research sources that are important to the development and understanding of crypto in general and DirtiCoin specifically. You may also find our FAQs (frequently asked questions) page helpful as you learn more about DirtiCoin.

DirtiDictionary

This section contains the DirtiDictionary. These are key terms related to both crypto in general and DirtiCoin specifically.

Term Definition Source 
Accredited Investor An accredited investor is an individual who has a net worth higher than $1 million, excluding the value of her primary residence. Or, she may qualify if she has annual income in the previous two years higher than $200,000 or, if married, $300,000 in combined spousal income, and expects to maintain that level for the following year. A director, executive officer or general partner of the company issuing the securities is also considered an accredited investor. (Bank, 2022)
Address The identifier where a transaction is sent. Derived from a user’s public key, which originates from the private key by asymmetric key cryptography. In Ethereum, the public key is 512 bits, or 128 hexadecimal characters, and is hashed (i.e., uniquely represented) with a Keccak-256 algorithm, which transforms it into 256 bits or 64 hexadecimal characters. The last 40 hexadecimal characters are the public address, which usually carries the prefix “Ox.” (Harvey, Rmachandran, & Sandoro, 2021)
After Repair Value (ARV) After-repair value (ARV) is an estimate of the value of a property after it’s repaired. This serves as a proxy for the market value of the price. The most common use of ARV is in house flipping, when an investor buys a distressed house, fixes it up then sells it, typically within a year. ARV is the sum of the purchase price plus the value of the renovations.  If the property hasn’t traded recently, an appraiser can still estimate a market value by benchmarking it against peers with similar locations, structures and lot characteristics. (Sharestates.com, 2022) 
Airdrop A free distribution of tokens into wallets. For example, Uniswap governance airdropped 400 tokens into every Ethereum address that had used its platform.   (Harvey, Rmachandran, & Sandoro, 2021)
Anti-Money Laundering (AML) A common compliance regulation designed to detect and report suspicious activity related to illegally concealing the origins of money. (Harvey, Rmachandran, & Sandoro, 2021)
Appreciation An increase in value of an asset over time. Appreciation may be driven by changes in the market or may be forced by improving the underlying asset. (Streetman, 2021)
As-is, where-is The “as is where is” clause stems from an English legal doctrine known as the “caveat emptor” rule which is now part of Singapore law.    In Latin, “caveat emptor” means “let the buyer beware”. This principle puts the risks and burdens of a transaction on the buyer, and it is the buyer’s duty to do his due diligence and checks when deciding whether to go ahead with the transaction.    Therefore, if a property is being sold on an “as is where is” basis, this means that it is being sold in its current condition, whatever this condition happens to be. As the buyer, you are deemed to have checked the property for defects of quality (even if you haven’t actually done so) and have found the property acceptable. (Ying, 2018)
Asymmetric Key Cryptography A means to secure communication. Cryptocurrencies have two keys: public(everyone can see) and private (secret and only for the owner). The two keys are connected mathematically in that the private key is used to derive the public key: With current technology, it is not feasible to derive the private key from the public key (hence, the description “asymmetric”). Users can receive a payment to their public address and spend it with their private key. Also see symmetric key cryptography. (Harvey, Rmachandran, & Sandoro, 2021)
Atomic A provision that causes contract terms to revert as if tokens never left the starting point, if any contract condition is not met. An important feature of a smart contract. (Harvey, Rmachandran, & Sandoro, 2021)
Automated Market Maker (AMM) A smart contract thatholds assets on both sides of a trading pair and continuously quotes a price for buying and for selling. Based on executed purchases and sales, the contract updates the asset size behind both the bid and the ask and uses this ratio to define a pricing function. (Harvey, Rmachandran, & Sandoro, 2021)
Bad Debt Buying Debts which someone holds and they are unable, or unwilling to collect are usually purchased at a fraction of the face value.  The buyer then attempts collection through all lawful means and approaches the debtor with a willingness to initiate a payment plan, settle for less than the face value, or both.  Although some debts purchased this way will be uncollectable, those which do collect usually yield anywhere from two to ten times the amount invested.  
Bargain and Sale Deed This type of real estate deed is used in the sale or transfer of residential real estate; however, it offers no guarantee that the property is free of debts or liens. It only states that the grantor is the title-holder, and little else.  As with a quitclaim deed, the grantee would acquire any lien in place against the property along with the title. (Freer, 2022)
Barter A peer-to-peer exchange mechanism in which two parties are exactly matched. For example, A has two pigs and needs a cow. B has a cow and needs two pigs. There is some debate as to whether barter was the first method of exchange. For example, David Graeber argues that the earliest form of trade was in the form of debit-credit. People living in the same village gave each other “gifts,” which by social consensus had to be returned in future by another gift that is usually a little more valuable (interest). People kept track of exchanges in their minds as it was only natural and convenient to do so since there is only a handful sharing the same village. Coinage comes into play many, many years later with the rise of migration and war, with war tax being one of the very first use cases. (Harvey, Rmachandran, & Sandoro, 2021)
Barter currency / Barter cryptocurrency A unique type of cryptocurrency focused on trading for assets rather than exchanging on a cryptocurrency exchange. The first barter currency was TROPTIONS, but there are several related tokens currently available. (Streetman, 2021)
Basis The cost of acquiring and/or developing an asset. The basis is used as your original cost of an asset when assessing taxable gains.  (Streetman, 2021)
Basis Point One basis point is one tenth of 1% or .0001  
Bitcoin The original and most popular cryptocurrency. It has by far the greatest market value and the best liquidity of any cryptocurrency. (Streetman, 2021)
Blockchain A decentralized ledger invented in 1991 by Haber and Stornetta, in which every node has a copy. Can be added to through consensus protocol, but its history is immutable. Also visible to anyone. (Harvey, Rmachandran, & Sandoro, 2021)
Blockchain A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.    One key difference between a typical database and a blockchain is how the data is structured. A blockchain collects information together in groups, known as blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. All new information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled. (Hayes, Blockchain Facts: What Is It, How It Works, and How It Can Be Used, 2022)
Blockchain A growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. The blockchain is where records of cryptocurrency transactions are stored. When properly implemented and independently maintained, the records on the blockchain are immutable. (Streetman, 2021)
Bonding Curve A smart contract that allows users to buy or sell a token using a fixed mathematical model. For example, consider a simple linear function in which the token equals supply: In this case, the first token would cost 1 ETH and the second token 2 ETH, thereby rewarding early participants. It is possible to have different bonding curves for buying and selling.  A common functional form is a logistic curve. (Harvey, Rmachandran, & Sandoro, 2021)
Bricked Funds Funds trapped in a smart contract due to a bug in the contract. (Harvey, Rmachandran, & Sandoro, 2021)
Bridge Loan A bridge loan is a short-term loan used until a person or company secures permanent financing or removes an existing obligation. … Bridge loans are short term, up to one year, have relatively high interest rates, and are usually backed by some form of collateral, such as real estate or inventory. (Kagan, 2022)
Burn The removal of a token from circulation, which thereby reduces the supply of the token. Achieved by sending he token to an unowned Ethereum address or to a contract that is incapable of spending. An important part of many smart contracts, for example, occurring when someone exits a pool and redeems the underlying assets. (Harvey, Rmachandran, & Sandoro, 2021)
Cashflow/Cash-on-cash return A type of return from an asset that represents the actual cash received within a year. Cashflow is usually measured as the amount of net cash divided by the original investment amount. When calculated this way, it is also call the cash-on-cash return. (Streetman, 2021)
Closely Held See Private Offering  
Coin For the purposes of this document coin refers to a cryptocurrency.  
Collateralized Currency Paper currency backed by collateral such as gold, silver, or other assets. (Harvey, Rmachandran, & Sandoro, 2021)
Collateralized Debt Obligation In traditional finance, a debt instrument such as a mortgage. In DeFi, an example would be a stablecoin overcollateralized with a cryptoasset. (Harvey, Rmachandran, & Sandoro, 2021)
Consensus Protocol The mechanism whereby parties agree to add a new block to the existing blockchain. Both Ethereum and Bitcoin use proof of work, but many other mechanisms exist, such as proof of stake. (Harvey, Rmachandran, & Sandoro, 2021)
Contract Account A type of account in Ethereum controlled by a smart contract. (Harvey, Rmachandran, & Sandoro, 2021)
Control For the purposes of this book  XXX, the method by which an investor ‘owns’ an asset. Types of control are through a deed (also known as fee simple control), a lease, an option, or a contract. (Streetman, 2021)
Credit delegation A feature whereby users can allocate collateral to potential borrowers who can use the collateral to borrow the desired asset. (Harvey, Rmachandran, & Sandoro, 2021)
Cryptocurrency A digital token that is cryptographically secured and transferred using blockchain technology. Leading examples are Bitcoin and Ethereum. Many different types of cryptocurrencies exist, such as stablecoin and tokens that represent digital and non-digital assets. (Harvey, Rmachandran, & Sandoro, 2021) 
Cryptocurrency A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.  (Frankenfield, Cryptocurrency Explained With Pros and Cons for Investment, 2022)
Cryptocurrency/Crypto/Crypto-asset A digital asset design to work as medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. (Streetman, 2021)
Cryptographic Hash A one-way function that uniquely represents the input data. Can be thought of as a unique digital fingerprint. The output is a fixed size even though the input can be arbitrarily large. Not encryption because it does not allow recovery of the original message. A popular hashing algorithm is the SHA-256, which returns 256 bits or 64 hexadecimal characters. The Bitcoin blockchain uses the SHA-256. Ethereum uses the Keccak-256. Also known as a hash or message digest. (Harvey, Rmachandran, & Sandoro, 2021)
Crypto exchange A website where cryptocurrency can be exchanged for other cryptocurrency or for fiat currency. In the future there may be exchanges where cryptocurrency can be exchanged for other products or assets. (Streetman, 2021)
Current Condition Value (CCV) The value of a property in its current condition, without any improvements, relocation, or alteration.  This is implied with contracts that stipulate a property is offered or purchased “as-is, where-is.”  
dApp A decentralized application that allows direct interactions between peers (i.e., removing the central clearing).  Permissionless and censorship resistant, anyone can use them, and no central organization controls them. (Harvey, Rmachandran, & Sandoro, 2021)
Debt Refers to loans that are secured by an asset and must be repaid to a lender. (Streetman, 2021)
Decentralized Autonomous Organization (DAO) An algorithmic organization with a set of rules encoded in a smart contract that stipulates who can execute what behavior or upgrade.  Commonly includes a governance token. (Harvey, Rmachandran, & Sandoro, 2021)
Decentralized Autonomous Organization (DAO) A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO’s financial transaction record and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear. (Wikipedia.org, 2022)
Decentralized Exchange (DEX) A platform that facilitates token swaps in a non-custodial fashion. The two mechanisms for DEX liquidity are order book matching and automated market maker. (Harvey, Rmachandran, & Sandoro, 2021)
Decentralized Finance (DeFi) A financial infrastructure that does not rely on a centralized institution such as a bank Exchange, lending, borrowing, and trading are conducted on a peer-to-peer basis using blockchain technology and smart contracts. (Harvey, Rmachandran, & Sandoro, 2021)
Deed A deed is a signed legal document that transfers ownership of an asset to a new owner. Deeds are most commonly used to transfer ownership of property or vehicles between two parties. The purpose of a deed is to transfer a title, the legal ownership of a property or asset, from one person or company to another. (Liberto, 2021)
Deed of Trust (DOT) A Deed of Trust is a type of secured real-estate transaction that some states use instead of mortgages.     A deed of trust involves three parties: a lender, a borrower, and a trustee. The lender gives the borrower money. In exchange, the borrower gives the lender one or more promissory notes. As security for the promissory notes, the borrower transfers a real property interest to a third-party trustee. Should the borrower default on the terms of her loan, the trustee may take full control of the property to correct the borrower’s default.  Usually, the trustee is a title company. In most states, the borrower actually transfers legal title to the trustee, who holds the property in trust for the use and benefit of the borrower. In other states, the trustee merely holds a lien on the property.     Deeds of trust almost always include a power-of-sale clause, which allows the trustee to conduct a non-judicial foreclosure – that is, sell the property without first getting a court order.  (Cornell Law School, 2022)
DeFi Decentralized Finance. In this framework, peers interact with peers via a common ledger not controlled by any centralized organization. (Harvey, Rmachandran, & Sandoro, 2021)
DeFi Legos The idea that combining protocols to build a new protocol is possible. Sometimes referred to as DeFi money legos or composability. (Harvey, Rmachandran, & Sandoro, 2021)
Depreciation A tax concept where the cost of an asset is deducted from income over time. Depreciation refers to phantom losses that allow an investor to offset income for calculating income taxes. (Streetman, 2021)
Digest Also known as message digest. See cryptographic hash. (Harvey, Rmachandran, & Sandoro, 2021)
Direct Incentive A payment or fee associated with a specific user action intended to be a reward for positive behavior. For example, suppose a collateralized debt obligation becomes undercollateralized. The condition does not automatically trigger liquidation; rather, an externally owned account must trigger it, and then a reward (direct incentive) is given. (Harvey, Rmachandran, & Sandoro, 2021) 
Double Spend A problem that plagued digital currency initiatives in the 1980s and 1990s: perfect copies can be made of a digital asset, so it can be spent multiple times. The Satoshi Nakamoto white paper in 2008 solved this problem using a combination of blockchain technology and proof of work. (Harvey, Rmachandran, & Sandoro, 2021)
Due Diligence Reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something. (Oxford Languages, 2022)
Dutch Auction A Dutch auction is a market structure in which the price of something offered is determined after taking in all bids to arrive at the highest price at which the total offering can be sold. In this type of auction, investors place a bid for the amount they are willing to buy in terms of quantity and price.  A Dutch auction also refers to a type of auction in which the price of an item is lowered until it gets a bid. The first bid made is the winning bid and results in a sale, assuming that the price is above the reserve price. This is in contrast to typical auction markets, where the price starts low and then rise as bidders compete among one another to be the successful buyer. (Chen, Dutch Auction, 2021)
Equity The value of the owned portion of an asset. Equity is usually calculated as market value minus debt. Equity is the portion of a real estate exchange that is in complete control of the seller and/or buyer for the assets they are exchanging. (Streetman, 2021)
Equity token A type of cryptocurrency that represents ownership of an underlying asset or a pool of assets. (Harvey, Rmachandran, & Sandoro, 2021)
ERC-1155 Ethereum Request for Comments (ERC) related to defining a multitoken model, in which a contract can hold balances of a number of tokens, either fungible or non-fungible. (Harvey, Rmachandran, & Sandoro, 2021)
ERC-20 Ethereum Request for Comments (ERC) related to defining the interface for fungible tokens, which are identical in utility and functionality. The U.S. dollar is fungible currency in that all $20 bills are identical in value and 20 $1 bills are equal in value to the $20 bill. (Harvey, Rmachandran, & Sandoro, 2021)
ERC-721 Ethereum Request for Comments (ERC) related to defining the interface for non-fungible tokens, which are unique and are often used for collectibles or specific assets, such as a loan. (Harvey, Rmachandran, & Sandoro, 2021)
Escrow Escrow is a legal arrangement in which a third party temporarily holds large sums of money or property until a particular condition has been met (such as the fulfillment of a purchase agreement). It is used in real estate transactions to protect both the buyer and the seller throughout the home buying process. (Dehan, 2022)
Ethereum The second most popular cryptocurrency. Ethereum was the genesis of smart contracts and digital applications. (Streetman, 2021)
Ethereum (ETH) In existence since 2015, second largest cryptocurrency or blockchain. Its native cryptocurrency is known as ether (ETH). Ethereum’s blockchain has the capability of running computer programs known as smart contracts. It is considered a distributed computational platform and sometimes referred to as the Ethereum Virtual Machine. (Harvey, Rmachandran, & Sandoro, 2021)
Ethereum 2.0 A proposed improvement on the Ethereum blockchain that uses horizontal scaling, proof-of-stake consensus and other enhancements. (Harvey, Rmachandran, & Sandoro, 2021)
Externally Owned Account (EOA) An Ethereum account controlled by a specific user. (Harvey, Rmachandran, & Sandoro, 2021)
Factoring A form of asset based lending against accounts receivable.  
Fair Market Value (FMV) Fair market value (FMV) is the price that an arm’s-length buyer would pay in the open market for an asset. FMV is often used by government organizations and financial institutions to value assets to be used as collateral or taxed. (Price, 2022)
Fiat Currency Uncollateralized paper currency, which is essentially an IOU issued by a government. (Harvey, Rmachandran, & Sandoro, 2021)
Fiat Currency Money issued by nations (for example, dollars, euros) is called fiat currency. The currency has value because the nations say it does (fiat). The term is usually used to distinguished from cryptocurrency. (Streetman, 2021)
Fintech Abbreviation for financial technology; a general term that refers to technological advances in finance.  Broadly includes technologies in the payments, trading, burrowing, and lending spaces, and often big data and machine learning applications. (Harvey, Rmachandran, & Sandoro, 2021)
Flash Loan An uncollateralized loan with zero counterparty risk and zero duration. Used to facilitate arbitrage or to refinance a loan without pledging collateral. Has no counterparty risk because in a single transaction (a) the loan is cleared, (b) all buying and selling using the loan funding is completed, and (c) the loan is paid in full. (Harvey, Rmachandran, & Sandoro, 2021)
Flash swap Feature of some DeFi protocols whereby a contract sends tokens before the user pays for them with assets on the other side of the pair. Allows for near-instantaneous arbitrage. Allows for flexibility of repaying with a different asset, which is different from a flash loan, which must be repaid with the same asset. A key feature is that all trades occur within a single Ethereum transaction. (Harvey, Rmachandran, & Sandoro, 2021)
Fork In the context of open source code, an upgrade or enhancement to an existing protocol that connects to the protocol’s history. A user has the choice of using the old or the new protocol. If the new protocol is better and attracts sufficient mining power, it will win. Forking is a key mechanism to assure efficiency in Defi. (Harvey, Rmachandran, & Sandoro, 2021)
Fungible Able to replace or be replaced by another identical item; mutually interchangeable. (Dictionary.com, 2022)
Fungible/Non-fungible A cryptocurrency is fungible if any two tokens are identical. Bitcoin and TROPTIONS are fungible. Smart contracts generally are not (they are unique tokens that represent a specific transaction). In regular currency, dollars are fungible. But a 1933 Saint-Gaudens Double Eagle (of which there are only a few in existence) is non-fungible. Any two may have different values based on their conditions. Fungibility is important for exchange or trading.  (Streetman, 2021)
Gas A fee required to execute a transaction and to execute a smart contract. The mechanism that allows Ethereum to deal with the halting problem. (Harvey, Rmachandran, & Sandoro, 2021)
Geoblock Technology that blocks users from certain countries bound by regulation that precludes the application. (Harvey, Rmachandran, & Sandoro, 2021)
Governance Coin  or Governance TokenA governance token is a cryptocurrency that gives its holders a right to vote on proposed changes to a blockchain network. This innovation is seen as a necessary step toward keeping certain crypto projects, particularly those within the decentralized finance (DeFi) ecosystem, decentralized   Some DAOs employ governance tokens, which are permissionless, mintable tokens that holders can trade on decentralized exchanges (DEXs). Other protocols issue governance tokens when users provide market liquidity or participate in network security — such as Proof-of-Work (PoW) consensus mechanisms. (Nibley, 2022)
Governance Token The right of an owner to vote on changes to the protocol. Examples include the MakerDAO MKR token and the Compound COMP token. (Harvey, Rmachandran, & Sandoro, 2021)
Grant Deed A grant deed is a specific deed type that transfers the interest in a property from the seller to the buyer in exchange for a previously agreed upon price.  While the grant deed guarantees that the seller owns the property entirely, it doesn’t offer the buyer legal protection against any title defects such as an:  error in public records improper signature undisclosed lien boundary dispute (Freer, 2022)
Halting Problem A computer program in an infinite loop. Ethereum solves this problem by requiring a fee for a certain amount of computing. If the gas is exhausted, the program stops. (Harvey, Rmachandran, & Sandoro, 2021)
Hash See cryptographic hash. (Harvey, Rmachandran, & Sandoro, 2021)
Hexadecimal A counting system in base-16 that includes the first 10 numbers 0 through 9 plus the first six letters of the alphabet, a through f. Each hexadecimal character represents 4 bits, where 0 is 0000 and the 16th (f) is 1111. (Harvey, Rmachandran, & Sandoro, 2021)
Horizontal Scaling An approach that divides the work of the system into multiple pieces, retaining decentralization but increasing the throughput of the system through parallelization. Also known as “sharding.” Ethereum 2.0 takes this approach in combination with a proof-of-stake consensus algorithm. (Harvey, Rmachandran, & Sandoro, 2021)
Impermanent Loss Applies to automated market makers (AMM), where a contract holds assets on both sides of a trading pair. Suppose the AMM imposes a fixed exchange ratio between the two assets, and both assets appreciate in market value. The first asset appreciates by more than the second asset. Users drain the first asset, and the contract is left holding only the second asset. The impermanent loss is the value of the contract if no exchange took place (value of both tokens) minus the value of the contract after it was drained (value of second token). (Harvey, Rmachandran, & Sandoro, 2021)
Incentive A broad term used to reward productive behavior. Examples include direct incentives and staked incentives. (Harvey, Rmachandran, & Sandoro, 2021)
Initial DeFi Offering (IDO) A method of setting an initial exchange rate for a new token. A user can be the first liquidity provider on a pair, such as the new token and a stablecoin such as USDC. Essentially, the user establishes an artificial floor for the price of the new token. (Harvey, Rmachandran, & Sandoro, 2021)
Invariant The result of a constant product rule. For example, invariant = SA x SB, where SA is the supply of asset A, and SB is the supply of asset B. Suppose the instantaneous exchange rate is 1A:1B. The supply of asset A = 4 and the supply of asset B= 4. The invariant = 16.  Suppose the investor wants to exchange some A for some B. The investor deposits 4 of A so that the contract has 8 A (SA = 4 + 4 = 8).  The investor can withdraw only 2 of asset B as defined by the invariant. The new supply of B is therefore 2 (SB = 4-2=2).  The invariant does not change, remaining at 16=2×8. The exchange rate does change, however, and is now 2A:1B. (Harvey, Rmachandran, & Sandoro, 2021)
Keeper A class of externally owned accounts that is an incentive no perform an action in a Defi protocol of a dApp (distributed application). The Keeper receives a reward in the form of a flat fee or a percentage of the incented action. For example, the keeper receives a fee for liquidating a collateralized debt obligation when it becomes undercollateralized. (Harvey, Rmachandran, & Sandoro, 2021)
Know Your Business (KYB) Know Your Business (KYB) process is not so different from the most widely known and standardized Know Your Customer (KYC) process. The difference lies in the purpose and intentionality of the process, focused on identifying companies and suppliers in the first case and consumers or customers in the second one. (Electronic IDentification, 2021) 
Know Your Customer (KYC) A provision of U.S. regulation common to financial services regulation requiring that users must identify themselves. This regulation has led to geo-blocking of U.S. customers from certain decentralized exchange functionalities. (Harvey, Rmachandran, & Sandoro, 2021)
Know Your Customer (KYC) KYC means Know Your Customer and sometimes Know Your Client. KYC or KYC check is the mandatory process of identifying and verifying the client’s identity when opening an account and periodically over time. In other words, banks must make sure that their clients are genuinely who they claim to be. (Thales Group, 2022)
Layer 2 A scaling solution built on top of a blockchain that uses cryptography and economic guarantees to maintain desired levels of security. For example, small transactions can occur using a multi-signature payment channel. A blockchain is used only when funds are added to the channel or withdrawn. (Harvey, Rmachandran, & Sandoro, 2021)
Leasehold A type of control of a property where the property is rented from the owner for a limited period of time. (Streetman, 2021)
Liquidity The ability to sell a cryptocurrency for fiat. Today, most cryptocurrencies are non-liquid or minimally liquid (they can only be sold in small amounts). (Streetman, 2021)
Liquidity Provider (LP) A user that earns a return by depositing assets into a pool or a smart contract. (Harvey, Rmachandran, & Sandoro, 2021)
Mainnet The fully operational, production blockchain behind a token, such as the Bitcoin blockchain or the Ethereum blockchain. Often used to contrast with testnet. (Harvey, Rmachandran, & Sandoro, 2021)
Mezzanine Debt Mezzanine debt bridges the gap between debt and equity financing and is one of the highest-risk forms of debt—being subordinate to pure debt but senior to pure equity. (Hayes, Mezzanine Debt, 2020)
Miner Cycles through various values of a piece of data called a nonce to try to find a rare cryptographic hash value in a proof-of-work blockchain. Gathers and validates candidate transactions for a new block, adds a nonce, and executes a cryptographic hashing function. The nonce is varied, and the hashing continues. If miners “win” by finding a hash value that is very small, they receive a direct reward in newly minted cryptocurrency. The miner also earns an indirect reward, collecting fees for the transactions included in their block. (Harvey, Rmachandran, & Sandoro, 2021)
Miner Extractable Value The profit derived by a miner.  For example, miners could front run a pending transaction they believe will increase the price of the cryptocurrency (e.g., a large buy). Also known as maximum extractable value. (Harvey, Rmachandran, & Sandoro, 2021)
Mint An action that increases the supply of tokens and is the opposite of burn. Often occurs when a user enters a pool and acquires an ownership share. Minting and burning are essential parts of non-collateralized stablecoin models (i.e., when stablecoin gets too expensive more are minted, which increases supply and reduces prices). Minting is also a means to reward user behavior. (Harvey, Rmachandran, & Sandoro, 2021)
Mortgage Deed A mortgage deed is a document signed between a homeowner and a bank or lending institution, allowing said institution to put a lien on the property if the loan isn’t repaid. This deed secures property as collateral for a loan — meaning a “mortgage payment” is paid towards a loan debt, with the house serving as security in the event of a default.    When a mortgage deed is in effect, the legal title to the property is held by the financial institution for the duration of the loan repayment period. (Freer, 2022)
Multi-family Housing (MFH) MFH typically is characterized by housing developments with more than four (4) dwellings.   
Networked Liquidity The idea that any exchange application can lever the liquidity and rates of any other exchange on the same blockchain. (Harvey, Rmachandran, & Sandoro, 2021)
NFT (non-fungible token) Non-fungible tokens, or NFTs, are pieces of digital content linked to the blockchain, the digital database underpinning cryptocurrencies such as bitcoin and Ethereum. Unlike NFTs, those assets are fungible, meaning they can be replaced or exchanged with another identical one of the same value, much like a dollar bill. NFTs, on the other hand, are unique and not mutually interchangeable, which means no two NFTs are the same. (Goodwin, 2021)
Node A computer on a network that has a full copy of a blockchain. (Harvey, Rmachandran, & Sandoro, 2021)
Non-fungible Not mutually interchangeable (Goodwin, 2021)
Non-recourse loan A non-recourse loan is one where the collateral for the debt is the sole recourse for repayment in the event of default.  In contrast, recourse loans require the borrower to pledge their personal income and assets to repay the loan if they default.  Most homeowner loans have recourse to the personal income and assets of the borrower.  This is why credit scores and the assets and liabilities of the borrower play such an important role in most bank loan underwriting.  For non-recourse loans the due diligence on the property is paramount and the property will be promptly foreclosed if the loan goes into default.  
Nonce A counter mechanism for miners as they cycle through various values when trying to discover a rare cryptographic hash value. Nonce is derived from “number only once.” (Harvey, Rmachandran, & Sandoro, 2021)
Note Brokering / Buying Note brokering is finding someone who is carrying some form of promissory note and finding a note buyer or note investor who want to purchase the note. You get paid a commission or a spread from negotiating with the note seller and selling to a note buyer. (NoteBrokering.com, 2022)
Optimistic Rollup A scaling solution whereby transactions are aggregated off-chain into a single digest that is submitted to the chain on a periodic basis. (Harvey, Rmachandran, & Sandoro, 2021)
Option A type of control where the buyer prevents others from buying the prevents others from buying the property while assessing the viability of property for purchase without owning the property. Usually an agreed purchase price is a part of an option. (Streetman, 2021)
Oracle A method whereby information is gathered outside of a blockchain. Parties must agree on the source of the information. (Harvey, Rmachandran, & Sandoro, 2021)
Order Book Matching A process in which all parties must agree on the swap exchange rate. Market makers can post bids and asks to a decentralized exchange (DEX) and allow takers to fill the quotes at the pre-agreed price. Until the offer is taken, the market maker has the right to withdraw the offer or update the exchange rate. (Harvey, Rmachandran, & Sandoro, 2021)
Perpetual futures contract Similar to a traditional futures contract but without an expiration date. (Harvey, Rmachandran, & Sandoro, 2021)
Points One point is equal to 1%.  
Private Offering Also known as private stocks. Private stock is issued under Regulation D of the Securities Act of 1933, which requires all offerings of stock to be registered with the SEC or be offered in compliance with Regulation D requirements. Reg D has three exemption levels known as Rules 504, 505 and 506. They primarily apply to the amount of the offering. Most private offerings are made under Rule 506. … Reg D requires that you receive a private placement memorandum disclosing the company business and potential negatives associated with the company and the value of the investment. Also required is a subscription agreement and an accredited investor questionnaire. (Duff, 2022)
Proof of Stake Proof-of-stake is a cryptocurrency consensus mechanism for processing transactions and creating new blocks in a blockchain. A consensus mechanism is a method for validating entries into a distributed database and keeping the database secure. In the case of cryptocurrency, the database is called a blockchain—so the consensus mechanism secures the blockchain. (Frankenfield, Proof-of-Stake (PoS), 2022)
Proof of Stake (PoS) An alternative consensus mechanism, and a key feature of Ethereum 2.0, in which the staking of an asset on the next block replaces the mining of blocks as in proof of work (PoW). In PoW, miners need to spend on electricity and equipment to win a block. In proof of stake, validators commit some capital (the stake) to attest that the block is valid. Validators make themselves available by staking their cryptocurrency, and then they are randomly selected to propose a block. The proposed block needs to be attested by a majority of the other validators. Validators profit by both proposing a block and attesting to the validity of others’ proposed blocks. If validators act maliciously, there is a penalty mechanism whereby their stake is slashed. (Harvey, Rmachandran, & Sandoro, 2021)
Proof of Work (PoW) Originally advocated by Back in 2002, the consensus mechanism for the two leading blockchains: Bitcoin and Ethereum. Miners compete to find a rare cryptographic hash, which is hard to find but easy to verify.  Miners are rewarded for finding the cryptographic hash and using it to add a block to the blockchain. The computing difficulty of finding the hash makes it impractical to go backward to rewrite the history of a leading blockchain. 

Proof of work (PoW) is a form of cryptographic proof in which one party (the prover) proves to others (the verifiers) that a certain amount of a specific computational effort has been expended. Verifiers can subsequently confirm this expenditure with minimal effort on their part.
(Harvey, Rmachandran, & Sandoro, 2021)

(Wikipedia.org, 2022)
Quitclaim Deed A quitclaim deed is used to transfer property between familiar parties, such as family members or even divorced spouses. A quitclaim deed offers little legal protection to the grantee (the recipient of the transfer).  If the grantor turns out not to legally own the property outlined in the deed, the grantee can’t take legal action.  In addition, there are no legal protections against liens or other encumbrances that might exist on the property. Quitclaim deeds involve a high degree of trust as a result, and are preferred by people who know each other well.  This type of deed can also be used if the grantor isn’t entirely sure of the title’s status, and whether or not it has any defects. (Freer, 2022)
Real Estate Owned (REO) Real estate owned (REO) is the term for a property owned by a lender because it failed to sell in a foreclosure auction after the borrower defaulted on their mortgage. … REOs are often sold at a discount by banks and other lenders. However, they are usually sold “as is” and are often in disrepair. (Chen, Real Estate Owned (REO), 2020)
Router Contracts In the context of decentralized exchange, a contract that determines the most efficient path of swaps to get the lowest slippage, if no direct trading pair is available on, for example, Uniswap. (Harvey, Rmachandran, & Sandoro, 2021)
REXNET Real Estate eXchange NETwork. A type of barter currency that uses proof of use as its valuation approach. The network includes a number of sub-tokens (for example, REXNET.Panama) that can be traded for each other as well as for assets. (Streetman, 2021)
Scaling Risk The limited ability of most current blockchains to handle a larger number of transactions per second.  See vertical scaling and horizontal scaling. (Harvey, Rmachandran, & Sandoro, 2021)
Schelling-Point Oracle A type of oracle that relies on the owners of a fixed supply of tokens to vote on the outcome of an event or report a price of an asset. (Harvey, Rmachandran, & Sandoro, 2021)
Seller financing As the term implies this is financing offered by the owner (seller) of a property.  Seller financing regulation is much less restrictive and regulated than bank financing.  The seller can originate loans without having to register and be regulated like a lending institution.  
Sharding A process of horizontally splitting a database, in the context of a blockchain. Also known as horizontal scaling. Divides the work of the system into multiple pieces, retaining decentralization, but increasing the throughput of the system through parallelization. Ethereum 2.0 takes this approach with the goal of reducing network congestion and increasing the number of transactions per second. (Harvey, Rmachandran, & Sandoro, 2021)
Single Family Residence/Housing (SFR / SFH) SFR, sometimes referred to as SFH, typically is characterized by housing developments with four (4) or fewer dwellings. Single family homes, duplexes, triplexes, and four-plexes all qualify within SFR for policy purposes.  
Slashing A mechanism in proof of stake blockchain protocols intended to discourage certain user behavior. (Harvey, Rmachandran, & Sandoro, 2021)
Slashing Condition The mechanism that triggers a slashing.  An example of a slashing condition is when under collateralization triggers a liquidation. (Harvey, Rmachandran, & Sandoro, 2021)
Smart Contract A contract activated when it receives ETH, or gas. Given the distributed nature of the Ethereum blockchain, the program runs on every node. A feature of the Ethereum blockchain, the main blockchain for DeFi applications. (Harvey, Rmachandran, & Sandoro, 2021)
Smart Contract Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. (IBM, 2022)
Sophisticated Investor A sophisticated investor is a classification of investor indicating someone who has sufficient capital, experience and net worth to engage in more advanced types of investment opportunities. See also Accredited Investor. (Chen, Sophisticated Investor, 2020)
Sovereign Lien A sovereign lien refers to a debt held by a government entity which is attached to real estate.  Sovereign liens are superior to all other liens and failure to pay them can result in foreclosure.  Sovereign liens typically originate as property taxes and government assessments. Occasionally, they can be based on unpaid income taxes and are attached to a property through a formal judicial proceeding.  
Special Purpose Deeds Special purpose deeds are frequently used in connection with court proceedings and instances where the deed is from a person acting in some type of official capacity. Most special purpose deeds offer little to no protection to the grantee and are essentially quitclaim deeds. Types of special purpose deeds include but are not limited to:  Administrator’s Deed: This may be used when a person dies intestate (without a will). A court-appointed administrator will dispose of the decedent’s assets and an administrator’s deed may be used to convey the title of real property to the grantee. Executor’s Deed: This may be used when a person dies testate (with a will). The estate’s executor will dispose of the decedent’s assets and an executor’s deed may be used to convey the title or real property to the grantee. Sheriff’s Deed: This is given to the successful bidder at an execution sale held to satisfy a judgment that has been obtained against the owner of the property. The grantee receives whatever title the judgment debtor has. Tax Deed: This is issued when a property is sold for delinquent taxes. Deed in Lieu of Foreclosure: This is given by a borrower who is in default on a mortgage directly to the lender. This serves to prevent foreclosure proceedings, and if the lender accepts the deed in lieu of foreclosure, the loan is terminated. Many lenders prefer to foreclose in order to clean up the title. Deed of Gift (Gift Deed). This is used to convey the title on real property that is given for no consideration or for only a token consideration. In some states, the gift deed must be recorded within two years or it becomes void. (Folger, 2021) 
Specie Metallic currency such as gold or silver (or nickel and copper) chat has value on its own (i.e., if melted and sold as a metal). (Harvey, Rmachandran, & Sandoro, 2021)
Stablecoin A token tied to the value of an asset such as the U.S. dollar. A stablecoin can be collateralized with physical assets (e,g, U.S. dollar in USDC) or digital assets (e.g., DAI) or can be uncollateralized (e.g., AMPL and ESD). (Harvey, Rmachandran, & Sandoro, 2021)
Stablecoin A stablecoin is a class of cryptocurrencies that attempt to offer price stability and are backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies. (Hayes, Stablecoin, 2022)
Staked Incentive A token balance custodied in a smart contact whose purpose is to influence user behavior.  A staking reward is designed to encourage positive behavior by giving the user a bonus in their token balance based on the stake size. A staking penalty (slashing) is designed to discourage negative behavior by removing a portion of a user’s token balance based on the stake size. (Harvey, Rmachandran, & Sandoro, 2021)
Staking The escrows of funds in a smart contract by users who are subject to a penalty (slashed funds) if they deviate from expected behavior. (Harvey, Rmachandran, & Sandoro, 2021)
Swap The exchange of one token for another. In DeFi, swaps are atomic and non-custodial. Funds can be custodied in a smart contract with withdrawal rights exercisable at any time before the swap is completed. If the swap is not completed, all parties retain their custodied funds. (Harvey, Rmachandran, & Sandoro, 2021)
Symmetric Key Cryptography A type of cryptography in which a common key is used to encrypt and decrypt a message. (Harvey, Rmachandran, & Sandoro, 2021)
Testnet An identically functioning blockchain to a mainnet, whose purpose is to test software. The tokens associated with the testnet when testing Echereum, for example, are called test ETH, which are obtained for free from a smart contract that mints the test ETH (known as a faucet). (Harvey, Rmachandran, & Sandoro, 2021)
Token This can refer to fungible or non-fungible cryptocurrency units, each of which can be called a token.  Tokens are digital vouchers that can be exchanged.  
Token vs coins A coin is a cryptocurrency that has its own blockchain. A token is a cryptocurrency that is recorded on another coin’s blockchain. (Streetman, 2021)
Trading pairs Trading pairs are the available exchanges on an exchange. For example, some tokens may only be traded for a handful of specific other tokens. To sell for cash, you often must trade your token for another; perhaps trade that one for Bitcoin and sell Bitcoin for cash. Trading pairs also impact valuation. If your trades are for Ripple and later Ripple goes down in value, it will appear that your coin also goes down in value unless new trades have happened that show your exchange rate with Ripple changing. This fact is important because it reduces the confidence you should have in the crypto values listed at popular exchange sites. When the values can change without new trades providing information, it calls into question the values listed. (Streetman, 2021)
Transparency The ability for anyone to see the code and all transactions sent to a smart contract. A commonly used blockchain explorer is etherscan.io. (Harvey, Rmachandran, & Sandoro, 2021)
TROPTIONS/ XTROPTIONS.GOLD/ XTROPTIONS/ XTROPTIONS.AUS / TROPTIONS.GOLD The original barter cryptocurrencies. TROPTIONS were created (not on the blockchain) in 2003 as a way to trade options (Trade plus Options = TROPTIONS). In 2017 they were moved to the blockchain to obtain the benefits of immutability and easy trades. TROPTIONS have been used, perhaps more than any other cryptocurrency, for real estate transactions.  (Streetman, 2021)
Utility Token A fungible token required to use some functionality of a smart contract system or that has an intrinsic value defined by its respective smart contract system. For example, a stablecoin, whether collateralized or algorithmic, is a utility token. (Harvey, Rmachandran, & Sandoro, 2021)
Vampirism An exact or near-exact copy of a DeFi platform designed to take liquidity away from an existing platform often by offering users direct incentives. (Harvey, Rmachandran, & Sandoro, 2021)
Value The value of a cryptocurrency is how much it is worth, valuation can be very challenging. The common way to value a cryptocurrency is to look at its most recent trades at an exchange.  However, this is challenging, as the recent trades might be at different values. Further, some cryptocurrencies (for example, barter currencies) don’t generally have both ends of the transaction (and thus the value) available on the blockchain. Value may also be defined more generally as the price at which a willing buyer and seller would trade an asset.  (Streetman, 2021)
Vault A smart contract that escrows collateral and keeps track of the value of the collateral. (Harvey, Rmachandran, & Sandoro, 2021)
Velocity of Capital  or Turns of CapitalVelocity of capital is an expression of a concept known as “turning.” It is illustrated by an annualized rate of return.  For instance a return of 4% earned in one month, would produce an annualized return of 48%, or a velocity of .48.    In simple terms velocity of capital answers the question of how quickly will I double my money.(Kiyosaki, 2022)
Vertical Scaling The centralization of all transaction processing to a single large machine, which reduces the communication overhead (transaction-block latency) associated with a proof of work blockchain, such as Ethereum, but results in a centralized architecture in which one machine is responsible for a majority of the system’s processing. (Harvey, Rmachandran, & Sandoro, 2021)
Vet (or vett) To perform and document necessary research and investigations.  Also known as Due Diligence. To make a prior examination and critical analysis, or detailed evaluation, of a document, a line of action regarding someone or people, etc.: If something is vetted, it is checked carefully to make sure that it meets the requirements. (Get the Words, 2022)
Wallet  or Crypto-walletA wallet is where cryptocurrency is stored. There are many different types for different uses, and often the type of cryptocurrency will determine which wallets are feasible. (Streetman, 2021)
Warranty Deed Different types of warranty deeds are used to offer various legal protections to the grantor, in the event there’s a problem or defect with the title once it’s been transferred.  Warranty deeds come with different levels of protection, and are split into two distinct categories:  General Warranty Deed –  Typically used in residential real estate transactions, a general warranty deed guarantees that the seller has the full legal right to sell the property, and that the property is completely free and clear of debts, liens, or other encumbrances.  This type of deed comes with the most significant protection for the grantee, and provides them legal recourse in the event an unsettled debt or issue with the deed arises.  Special Warranty Deed – A special warranty deed protects a grantee against any issues or claims that might have arisen during the time the grantor owned the property entirely. It doesn’t apply to the entire history of the property, as the property’s whole history isn’t likely known by the current owner.  Most often, this type of deed is used in the sale of residential real estate, or for commercial property. While not providing as much legal protection as a general warranty deed, it does:  Assure that the grantor is the legal owner of the property title, and Guarantee that the property was not somehow encumbered during the time when the grantor had ownership. (Freer, 2022)
Wholesaler In real estate wholesaling, a wholesaler contracts a home with a seller, then finds an interested party to buy it. The wholesaler contracts the home with a buyer at a higher price than with the seller and keeps the difference as profit. Real estate wholesalers generally find, and contract distressed properties. (Segal, 2022)
Yield Farming A means to provide contract-funded rewards to users for staking capital or using a protocol. (Harvey, Rmachandran, & Sandoro, 2021)

DirtiSources: Works Cited in this Site

There is a lot of important and valuable information built into DirtiCoin. The sources below are where much of it comes from. Read and then read some more.

A

Antonopoulos, A. M., & Wood, D. G. (2019). Mastering Ethereum: Building Smart Contracts and DAapps. Sebastopol, CA: O’Reilly Media, Inc.,.

Arbor.com. (2021, April). Q2 2021 Single-Family Rental Investment Trends Report. Retrieved from Arbor.com: https://arbor.com/research/q2-2021-single-family-rental-investment-trends-report/

B

Bank, E. (2022). How to Purchase Common Stock in a Private Corporation. Retrieved from Zacks: https://finance.zacks.com/purchase-common-stock-private-corporation-8467.html

C

Chen, J. (2020, Decemeber 16). Real Estate Owned (REO). Retrieved from Investopedia.com: https://www.investopedia.com/terms/r/realestateowned.asp

Chen, J. (2020, October 29). Sophisticated Investor. Retrieved from Investopedia.com: https://www.investopedia.com/terms/s/sophisticatedinvestor.asp

Chen, J. (2021, April 30). Dutch Auction. Retrieved from Investopedia.com: https://www.investopedia.com/terms/d/dutchauction.asp

Cornell Law School. (2022, September). deed of trust. Retrieved from Legal Information Institute: https://www.law.cornell.edu/wex/deed_of_trust

Crypto.com. (2022, January 19). 2021 Crypto Market Sizing Report & 2022 Forecast. Retrieved from Crypto.com: https://crypto.com/research/2021-crypto-market-sizing-report-2022-forecast

D

Dehan, A. (2022, August 18). What is Escrow. Retrieved from RocketMortgage.com: https://www.rocketmortgage.com/learn/what-is-escrow

Dictionary.com. (2022, September). Fungible. Retrieved from Ditionary.com: https://www.dictionary.com/browse/fungible

Duff, V. (2022, September). Rules for Private Stocks. Retrieved from Zacks.com: https://finance.zacks.com/rules-private-stocks-1384.html

E

Electronic IDentification. (2021, June 28). What is Know Your Business (KYB) and its relation to KYC. Retrieved from electronicid.eu: https://www.electronicid.eu/en/blog/post/know-your-business-kyb/en

F

Folger, J. (2021, December 31). Understanding Property Deeds. Retrieved from Investopedia.com: https://www.investopedia.com/articles/realestate/12/property-deeds-and-real-property.asp

Frankenfield, J. (2022, May 28). Cryptocurrency Explained With Pros and Cons for Investment. Retrieved from Investopedia.com: https://www.investopedia.com/terms/c/cryptocurrency.asp

Frankenfield, J. (2022, June 9). Proof-of-Stake (PoS). Retrieved from Investopedia.com: https://www.investopedia.com/terms/p/proof-stake-pos.asp

Freer, J. (2022, July 15). Types of Deeds: 6 Different Types of Real Estate Deeds. Retrieved from LegalTemplates.net: https://legaltemplates.net/resources/real-estate/types-of-deeds/

G

Get the Words. (2022, September). Vet-, Vett-. Retrieved from Getwords.com: http://getwords.com/unit/326/ip:1/il:V

Goodwin, J. (2021, November 10). What is an NFT? Non-fungible tokens explained. Retrieved from CNN Business: https://www.cnn.com/2021/03/17/business/what-is-nft-meaning-fe-series

H

Harvey, C. R., Rmachandran, A., & Sandoro, J. (2021). DeFi and the Future of Finance. Wiley, Kindle Edition.

Hayes, A. (2020, September 30). Mezzanine Debt. Retrieved from Investopedia.com: https://www.investopedia.com/terms/m/mezzaninedebt.asp

Hayes, A. (2022, September 2022). Blockchain Facts: What Is It, How It Works, and How It Can Be Used. Retrieved from Investopedia.com: https://www.investopedia.com/terms/b/blockchain.asp

Hayes, A. (2022, May 11). Stablecoin. Retrieved from Investopedia.com: https://www.investopedia.com/terms/s/stablecoin.asp

Hurshka, A. (2021, November 22). Banks, fintechs navigate market’s appetite for crypto amid pending regulatory guidance. Retrieved from BankingDive.com: https://www.bankingdive.com/news/banks-fintechs-navigate-markets-appetite-for-crypto-amid-pending-regulato/610427/

I

IbisWorld.com. (2021, October 26). Commercial Real Estate in the US – Market Size 2004–2027. Retrieved from IBISWorld.com: https://www.ibisworld.com/industry-statistics/market-size/commercial-real-estate-united-states/

IBM. (2022, September). What are smart contracts on blockchain? Retrieved from IBM.com: https://www.ibm.com/topics/smart-contracts

J – K

Kagan, J. (2022, June 4). What Is a Bridge Loan and How Does It Work, With Example. Retrieved from Investopedia.com: https://www.investopedia.com/terms/b/bridgeloan.asp

Kiyosaki, R. (2022, September). Velocity of Money: The Secret to How the Rich Get Richer and the Poor Get Poorer. Retrieved from RichDad.com: https://www.richdad.com/velocity-of-money

L – M – N

Liberto, D. (2021, September 28). Deed. Retrieved from Investopedia.com: https://www.investopedia.com/terms/d/deed.asp

Mitton, J. W. (2008). Rules of the Game. The Legal Protection Group, LLC.

Newmark. (2022, January). United States Multifamily Capital Markets Report. Retrieved from https://www.nmrk.com/insights/market-report/united-states-multifamily-capital-markets-report

Nibley, B. (2022, June 10). What Is a Governance Token? Retrieved from SoFi Learn: https://www.sofi.com/learn/content/what-is-a-governance-token/#:~:text=A%20governance%20token%20is%20a,(DeFi)%20ecosystem%2C%20decentralized.

NoteBrokering.com. (2022, September). What is Note Brokering? Retrieved from Note Brokering: https://notebrokering.com/

NREIA. (2022, 4 5). National Real Estate Investors Association. Retrieved from NationalREIA.org: https://nationalreia.org/

O – P – Q

Oxford Languages. (2022, September). Due Diligence. Retrieved from Oxford Leaner’s Dictionaries: https://www.oxfordlearnersdictionaries.com/us/definition/english/due-diligence#:~:text=due%20diligence-,noun,a%20tort%20or%20an%20offence

Pollack, L. (2021, October 19). #30B is Flooding the SFR Market With More to Come. Retrieved from GlobeSt.com: https://www.globest.com/2021/10/19/30b-is-flooding-the-sfr-market-with-more-to-come/?slreturn=20220304154713

Price, M. (2022, June 30). What Is Fair Market Value (FMV)? Retrieved from The Motley Fool: https://www.fool.com/investing/how-to-invest/stocks/fair-market-value/

R

Rabouin, D. (2022, March 30). U.S. Houses Earned More Than American Workers in 021. Here’s Why. (video). WSJ.com. Retrieved from https://www.wsj.com/video/series/dion-rabouin/us-houses-earned-more-than-american-workers-in-2021-heres-why/D47AF5CF-58CF-4118-BE89-87E66E8C1313

Rabouin, D. (2022, March 24). Wall Street Has Been Betting Billions on Crypto. Here’s Why (video). WSJ.com. Retrieved from https://www.wsj.com/video/series/dion-rabouin/wall-street-has-been-betting-billions-on-crypto-heres-why/C27CE6D1-AB4A-4983-8801-A3D3EC2A8569

Renters Warehouse. (2021, October 27). The Current State of the SFR Industry. Retrieved from Renters Warehouse: https://www.renterswarehouse.com/education/the-current-state-of-the-sfr-industry

S – T

Segal, T. (2022, September 8). What Is Real Estate Wholesaling? How It Works, Example, and Strategies. Retrieved from Investopedia.com: https://www.investopedia.com/ask/answers/100214/what-goal-real-estate-wholesaling.asp

Sharestates.com. (2022). After-repair value (ARV). Retrieved from Sharestates.com: https://www.sharestates.com/glossary/after-repair-value-arv/

Streetman, S. S. (2021). Cryptocurrency and Real Estate: How to Profit as Bitcoin and Blockchain Revolutionize Real Estate Investing.

Thales Group. (2022, September). Know Your Customer in banking. Retrieved from Thales Group: https://www.thalesgroup.com/en/markets/digital-identity-and-security/banking-payment/issuance/id-verification/know-your-customer

U – V – W

Vigna, P. (2022, March 25). Financial Advisers Aren’t Sold on Crypto. The Wall Street Journal. Retrieved from https://www.wsj.com/articles/financial-advisers-arent-sold-on-crypto-11648164875

Warda, M. (2004). Land Trust for Privacy and Profit. Lake Wales, Florida: Galt Press.

Wikipedia.org. (2022, September). Decentralized autonomous organization. Retrieved from Wikipedia.org: https://en.wikipedia.org/wiki/Decentralized_autonomous_organization

Wikipedia.org. (2022, September). Proof of work. Retrieved from Wikipedia.org: https://en.wikipedia.org/wiki/Proof_of_work

X – Y – Z

Yahoo Finance. (2022, February 25). Global Cryptocurrency Market Report 2022-2027. Retrieved from Yahoo.com: https://www.yahoo.com/now/global-cryptocurrency-market-report-2022-120800380.html#

Ying, F. B. (2018, December 21). Purchasing a Property on an “As Is Where Is” Basis: What Does it Mean? Retrieved from Finance.Yahoo.com: https://sg.finance.yahoo.com/news/purchasing-property-where-basis-does-032302654.html?guccounter=1

Zuckerman, G. (2022, March 9). Mainstream Hedge Funds Pour Billions of Dollars Into Crypto. The Wall Street Journal. Retrieved from https://www.wsj.com/articles/mainstream-hedge-funds-pour-billions-of-dollars-into-crypto-11646808223?mod=Searchresults_pos17&page=1

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Minting More DirtiCoin Won’t Inflate the Currency https://dirticoin.com/2022/12/15/minting-more-dirticoin-wont-inflate-the-currency/?utm_source=rss&utm_medium=rss&utm_campaign=minting-more-dirticoin-wont-inflate-the-currency https://dirticoin.com/2022/12/15/minting-more-dirticoin-wont-inflate-the-currency/#respond Thu, 15 Dec 2022 16:47:47 +0000 https://dirticoin.com/?p=12113 Minting more DirtiCoin won’t inflate the currency for one simple reason; more DirtiCoin leads directly to more real estate purchases

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Image used under license with Depositphotos.com

Minting more DirtiCoin won’t inflate the currency for one simple reason; more DirtiCoin leads directly to more real estate purchases to back its value. The foundation of a stable currency is a balance between the currency available and the goods and services available.

Declining Buying Power

Inflation is a decrease in buying power. Cutting away all the confusion jargon from monetary theorists, this is the real-world definition.

Inflation results from having too much money chase too few good and services.

Inflation is inevitable as the Federal Reserve injects more money into the economy through what they call “Quantitative Easing.” Adding cash into the economy without adding goods and services decreases buying power. Each dollar devalues and now you need more dollars to buy the same goods and services.

Gross domestic product (GDP) is the accepted measure of goods and services in our economy. Stable prices occur when the money supply grows at the same rate as GDP.

As excessive amounts of money enter the economy, the value of each dollar goes down and prices go up. More money is chasing the same amount of goods and services. Unleashing a flood of money makes each dollar worth less than it was before the flood. The inherent value or quantity of the goods and services available have not changed.

Out of Control

The Federal Reserve appears to enjoy the freedom to adjust the supply of US Dollars (USD) at their whim. On the other hand, the people who hold and use DirtiCoin control the supply of DirtiCoin. In other words, the people most affected by the value of DirtiCoin control DirtiCoin. Nothing could be more democratic. Neither politicians, nor unelected bureaucrats, nor international bankers control the supply of DirtiCoin. Only the people who hold DirtiCoin control its supply. They have their hand directly on the single most important lever controlling the value of the currency, the supply. They are the DirtiCoin Decentralized Autonomous Organization (DAO).

Inflation Concern for DirtiCoin

In the Autumn of 2022, when CoinScope (aka CyberScope) audited DirtiCoin, they noted a “Critical” concern. Minting more DirtiCoin is would cause inflation, (devaluing) DirtiCoin. This is a valid concern for all fiat currencies and for all currencies whose value is not backed by a commodity. Minting more DirtiCoin won’t inflate the currency because this is not true for commodity-backed currencies such as DirtiCoin. Maintaining the ratio of commodity to currency sustains the value of the currency. As the DAO mints more DirtiCoin, DirtiCoin buys more real estate.

Commodity Currencies Are Deflationary

Minting more DirtiCoin won’t inflate the currency because DirtiCoin is a commodity-backed currency. From 50% to 80% of its value is backed by real estate reserves. The target state is for 65% real estate. Liquid assets back the remainder of its value. Monthly updates to the DirtiCoin Asset Ledger (the Ledger) demonstrate the reality of these facts.

Minting more DirtiCoin spurs acquiring more real estate. The unending cycle of buying and selling real estate means there is no theoretical upward boundary on the amount of real estate available to back DirtiCoin. Meaning, it could theoretically continue to expand its supply of DirtiCoin forever, as long as there are sufficient real estate deals to sustain its value.

Owner Controlled Monetary Supply

Brutal realities often mug beautiful theories. An unending supply of real estate deals is a beautiful theory. When the beautiful theory gets mugged, the DAO “burns” DirtiCoin to reduce the monetary supply. DirtiCoin is redeemed from the market and burned by the DAO, reducing the supply and increasing the value of the remaining currency. When the Federal Reserve does this, they call it “tightening.”

Value Gains for DirtiCoin

Minting more DirtiCoin won’t inflate the currency because we buy distressed and undervalued properties, which dramatically increase the value of DirtiCoin. Buying distressed and undervalued real estate is a primary acquisition strategy to build the DirtiCoin real estate portfolio. Purchasing properties at no more than 70% of their full market value is a key success metric. The 70% acquisition cost includes all expenses needed to acquire the property and bring it up to conditions where its sale can command full market value.

In gross numbers this means that the 70% generates a full return of the 70% invested, plus a return above the amount invested of more than 42% (42.871%). Because the DirtiCoin model uses partnerships with local affiliates and real estate investors we know that not all of that 48% will accrue DirtiCoin. Rough analysis puts the DirtiCoin gain at about 14% (0.142857) of the amount invested.

Growing DirtiCoin

The table below (see Table 1) shows the first five planned releases of DirtiCoin. All numbers are shown in terms of DirtiDollars (DiD).

You can see that the target ratios of 35% liquid assets and 65% real estate assets control the use of all the available DirtiCoin. The 14% return on investment, mentioned above, is shown as “RE Equity Growth.” The Asset Ledger Total Value is the sum of RE Equity Growth, RE Invested, and Liquid Assets. The Asset Ledger Total Value backs the value of DirtiCoin.

The DiD Value Ratio, shown in the last row of the table is the result of dividing the Asset Ledger Total Value by the To Date Total Minted to reveal the natural value of each DiD relative to its original value when minted.

Table 1 Five Planned DirtiCoin Releases

Stable DirtiCoin Values

Maintaining the asset ratios in the Ledger while the supply of DirtiCoin increases keeps the DiD Value Ratio constant at 1.09 (109%). This makes DirtiCoin the most stable currency in the world. Minting more DirtiCoin won’t inflate the currency because the required asset ratios prevent leveraging.

Value Growth for DirtiCoin

While Table 1 clearly demonstrates the lack of inflationary effects from minting additional DirtiCoin while maintaining target investment ratios it fails to answer the question of how this relates to the US Dollar value of their wealth. The table below (see Table 2) adds to the table above a demonstration of how this model affects the buying power of your DirtiCoin in terms of US Dollars.

Table 2 DirtiCoin Release Impacts on Changing the USD Value of DirtiCoin

In Table 2, we add the natural value increase of 9% to the value of the DiD at minting. The 1st Release uses the Value at Minting of $97.67. Fully deploying the release using the target ratios the value rises 9% giving the Value at End of Year of $106.74. This becomes the baseline value per DiD for the 2nd Release.

Fully deploying the 2nd Release at target ratios the natural value per DiD becomes $116.65. This becomes the baseline value for the 3rd Release. And so on until fully deploying the 5th Release makes a single DiD worth $152.26. For every DiD in the 1st Release, bought at $97.67, that is an increase in value of 55.89%. That is an average natural value increase of more than 11% per year.

Real Estate Appreciation

Minting more DirtiCoin won’t inflate the currency because the projected gains of DirtiCoin are based wholly on the appreciating value of real estate without regard to the effects of US Dollar inflation on the relative value of real estate.

Throughout most of US history the value of real estate has increased at a rate that exceeds inflation of the US Dollar. During 2021 and 2022 real estate values shot up, then began to drop as interest rates on mortgages went up.

Conclusions

A recent report in Forbes says that median housing prices in August of 2022 are 8% higher than they were in August of 2021. To be fair, that just about matches the inflation rate for the same period, meaning that the real values have remained flat and only been increased by inflation. However, for someone holding DirtiCoin during this same period it means that the value of their DiD increased 9% from the natural appreciation of the real estate and another 8% because of the inflated value of the US Dollar, for a total increase of 17%. This is why we mean it when we say that DirtiCoin protects you from inflation.

To protect your wealth from volatility and inflation you should move as much of it as you can into DirtiCoin, as quickly as possible.

Learn more about how to move your wealth into DirtiCoin here.

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Who Cares About Currency? https://dirticoin.com/2022/10/31/who-cares-about-currency/?utm_source=rss&utm_medium=rss&utm_campaign=who-cares-about-currency https://dirticoin.com/2022/10/31/who-cares-about-currency/#respond Mon, 31 Oct 2022 14:37:02 +0000 https://dirticoin.com/?p=12109 Who cares about currency? Why should anyone care? What difference does it make if you rely on fiat currency, commodity

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Who cares about currency? Why should anyone care? What difference does it make if you rely on fiat currency, commodity currency, specie, cryptocurrency?

In fact, anyone who uses money should care about the answers to these questions. Unfortunately, most people give these questions little thought. Those who exploit some of these currencies for their own rapacious gains are counting on your carelessness, apathy, or both.

In June of 1985 the British band Dire Straits serenaded the world with the words, “That ain’t workin’, that’s the way you do it. Money for nothin’ and your chicks for free.” That part of the song (without the “chicks” part) could well be the theme song for central banks around the world as they inject more and more fiat currency into the world economy.

Fiat Currency

Investopedia defines Fiat Currency as follows,

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.

James Chen
Fiat Money: What it is, How it Works, Example, Pros & Cons
Investopedia, April 19, 2022

A fiat is a decree issued by an authority. Fiat currency is valuable because a government declares that it is valuable. Currency fiats are accompanied by laws requiring acceptance of the fiat currency as legal tender for all debts, public and private. This means that it is illegal to refuse to accept fiat currency in exchange for goods or services. It also means that counterfeiting of the currency is a serious crime.

Legal Tender

Fiat currencies don’t work without legal tender laws compelling people to accept them. Without the threat of criminal prosecution for non-acceptance, there is no compelling reason to accept a piece of paper printed at government behest as more, or less, valuable than any other piece of printed paper issued by an individual or a company.

Money for Nothin’

Unfortunately, fiat currency is created out of thin air. At most, it requires some specialized inks on specialized papers. At the least it just requires some keystrokes on a computer to rearrange some ones and zeros in an electronic ledger.

In competition with fiat currency, there are specie currencies and commodity currencies.

Specie Currency

Specie currency uses coins made from precious metals. The most successful specie currencies use silver or gold. Each coin of specie currency contains a specific weight and purity of the precious metal. The primary role of governments using specie currency is to maintain honest weights and measures for the various coins.

Specie currencies are inherently valuable because the metal of the coins is both usable and relatively rare. People turn gold and silver into jewelry, decorations, and various machine and computer parts. Gold and silver are relatively rare, compared with other commodities. However, gold and silver are sufficiently abundant to be used widely as currency, in addition to whatever else they can be used to create. Creating gold and silver currency out of nothing isn’t possible. Increasing the supply of each requires mining, refining, and minting the ore into coins.

Commodity Currency

Commodity currency, like specie currencies, are inherently valuable because the commodity is usable and cannot be created out of nothing.

In the past, many commodities have been used as currencies. Iron, salt, tobacco, and more. In each case commodity currency value was controlled by three things:

  1. Usefulness of the commodity
  2. Scarcity – limited supply increases value
  3. The work required to bring the commodity to market in a usable form

Receipt Currency

Receipt currency uses a receipt for a commodity as currency. In the case of both specie and commodity currencies many people have found it convenient to store the commodity while getting a receipt for it from the storage provider. The receipt could be exchanged in whole or in part for other goods and services. The providers of those goods and services could go to the storage facility and redeem their receipt for the commodity being stored.

Cryptocurrency

Cryptocurrency is a recent phenomenon in the economic history of the world.

Returning again to Investopedia, we find the following definition for cryptocurrency.

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

Jake Frankenfield
Cryptocurrency Explained With Pros and Cons for Investment
Investopedia, September 26, 2022

What this definition is unable to include in such a concise statement is the fact that currently the value of most cryptocurrencies is 100% perceptual rather than inherent.

Ethereum (Ether) bases its value on the usefulness of Ether to pay for transactions on the Ethereum blockchain. Given the immutability of records on the blockchain, some find inherent value in creating an immutable record of certain transactions.

Bitcoin (BTC) value is fueled by three things.

  1. Scarcity – supply caps at 21 million bitcoins
  2. Its usefulness to pay for certain transactions
  3. Perceived value of storing wealth in the form of BTC

Volatile price fluctuations for BTC in 2021 and 2022 significantly degraded the third point above.

No one ties either ETH or BTC to any commodity outside the digital world of the internet. Likewise, nothing in the real world backs the value of most other cryptocurrencies.

DirtiCoin

DirtiCoin is the world’s first fungible, commodity-backed cryptocurrency.

Denominated in DirtiDollars (DiD). Each DiD is a receipt representing a claim against the assets found in the Asset Ledger (the Ledger) of DirtiCoinMinting, LLC (DCM).

The Ledger is a publicly displayed subset of the balance sheet of DCM. The Ledger shows the real estate and liquid assets backing the value of DirtiCoin. Their target ratios are to have 65% of the Ledger in real estate and 35% in liquid assets.

Your wealth is your asset. When you move wealth into DirtiCoin each DiD is a receipt for a portion of your wealth. If that was all there was to DirtiCoin, your wealth would continue to lose value to inflation. However, DCM invests a portion of your wealth into real estate to grow your wealth. DCM chose real estate because of its historic ability to protect wealth against inflation and volatility. Each DiD is a liability for DCM.  Exchanging DiD for some of your wealth obligates DCM to honor your receipt when you want to redeem it. That obligation includes the proportionate gains from the increased value of the real estate.

DCM Works to Earn its Money

To be totally transparent, DCM makes money by using your money. Real estate deals produce a variety of different kinds of profits. Rents, interest income, tax breaks, and capital gains encompass most of them.

Increasing real estate values create capital gains for real estate. Real estate driven capital gains that come to DCM directly increase the value of DiD. All other real estate income streams pay DCM operating costs. Excess income from these streams is profit for DCM.

DCM works for the routine cash flows on the real estate while DirtiCoin holders get the appreciating value of the real estate (capital gains). Under US securities laws, driving DirtiCoin’s value increase solely from real estate appreciation qualifies DirtiCoin as a currency instead of a security.

Tax Deferred Growth

Increased wealth from the growing value of DirtiCoin isn’t taxable until you sell your DirtiCoin, making your wealth growth tax deferred. You will have a taxable event when you sell your DirtiCoin, not before.

Conclusions

Throughout history commodity and specie currencies have supported healthy economies and protected wealth by naturally squelching most inflation. Politicians have moved countries off such currencies and into fiat currencies. They did this to allow them the power of creating money out of thin air so they could fund their favorite causes without resorting to taxation. The end result, in all cases, has been cycles of economic booms and busts and eventually the collapse of the fiat currency.

The only way to protect your wealth from the depredations inherent in fiat currency is to move your wealth into specie or a commodity currency.

DirtiCoin is the world’s first fungible cryptocurrency backed by a commodity in the real world, real estate. Like all truly sound currencies, the value of DirtiCoin is driven by three things:

  1. Scarcity – they aren’t making more real estate
  2. Real estate is inherently useful in very many ways
  3. Real estate has a proven track record increasing value over time while protecting wealth against both inflation and volatility

Today, and tomorrow, DirtiCoin offers you the best vehicle to protect your wealth. Move your wealth to DirtiCoin today.

About the Author

Sudato O’Benshee is the principal architect of DirtiCoin and a founder of DCM.

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Safest Cryptocurrencies: Top 7 Safest for Investing in 2022-2023 https://dirticoin.com/2022/09/20/safest-cryptocurrencies-to-invest-in/?utm_source=rss&utm_medium=rss&utm_campaign=safest-cryptocurrencies-to-invest-in Tue, 20 Sep 2022 16:25:50 +0000 https://dirticoin.com/?p=11559 Safest Cryptocurrencies: Top 7 Safest for Investing in 2022-2023What Are Cryptocurrencies
A cryptocurrency is an electronic token backed by tangible assets, like gold or silver, and is used as a medium of exchange. However..

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Safest Cryptocurrencies: Top 7 Safest for Investing in 2022-2023 : What Are Cryptocurrencies?

A cryptocurrency is an electronic token backed by tangible assets, like gold or silver, and is used as a medium of exchange. However, it would help if you understood that the value of a cryptocurrency depends on whether people think it will have value in the future.

Why Some People Choose to Use Cryptocurrencies

For many people who want more independence from the banking system that treats them as customers, it would be logical to use a system like bitcoin or Ethereum. However, it would help if you understood that many companies accept bitcoin as a payment method.

Safest Cryptocurrencies – Is A Cryptocurrency Safe

Yes! The cryptocurrency market is governed by social consensus, much like the stock market is governed by supply and demand. That means if enough people agree that a specific cryptocurrency has value and will retain its value in the future, it will have value.

How Do Cryptocurrencies Work

When a transaction between two banks is online or in person, those transactions are logged and documented by the two banks. When it’s over, the records are put into a computer file known as a blockchain.

This blockchain acts as each transaction’s history and provides security for the network. The parties you need to know about, like where your money came from and what you did with it, are all in that blockchain.

Safest Cryptocurrencies to Invest In

1. Bitcoin

You can think of bitcoin as gold. In the same way that gold is valued, bitcoin is worth something because people believe it has value. Like gold is the best currency, you can use bitcoin to buy things online and offline. The key difference between bitcoin and gold is their supply and demand.

Bitcoin supply is limited because there can never be more than 21 million bitcoins in circulation according to the original rules it created. Once all 21 million are mined, you can make no more. So unlike gold, you cannot buy bitcoin with a shovel and pan.

2. Ethereum

Ethereum is the biggest competitor to Bitcoin in the market of cryptocurrencies. But unlike Bitcoin, which has the sole purpose of serving as an online currency to buy stuff, Ethereum serves as a platform for different types of distributed applications.

The Ethereum Blockchain uses smart contracts to automatically execute tasks and deals between two parties without needing third-party involvement or confirmation.

3. Hot up

Hot up is a company that uses blockchain technology to develop financial tools like an online payment platform and a cryptocurrency exchange. They are unique in the way that they are using the blockchain to help people from developing countries send money back home.

The platform utilizes cryptocurrency, which is cheaper than international wire transfers. The vision of this company is to create a platform that will change how charities and individuals send money.

Safest Cryptocurrencies 4. Dirticoin

DirtiCoin™ is a fungible cryptocurrency with the stability and value of the currency backed by the value of real estate. The fact that it actually has a standard based on something makes it one of the safest Cryptos to invest in. The team behind it has stated they plan to hold a 65% to 35% Real Estate v.s. Liquid Assets ratio.

This makes DirtiCoin one of the most anticipated up-and-comers and even would have made it higher on the list if they had a little more tenure. The company is new but already making a splash that we are excited to watch.                

5. Cardano

Cardano is a very young cryptocurrency that has a team behind it. The team is led by Charles Hoskinson, Anthony Di Iorio, and Jeremy Wood. Cardano aims to become the world’s first investing blockchain-based innovative contract platform.

Their target of making Cardano a more efficient blockchain than Bitcoin will attract many new users to use this cryptocurrency. It can help Cardano become the 4th-largest cryptocurrency by market cap if it can achieve its goal.

Safest Cryptocurrencies 6. Chainlink

The ChainLink is backed by a real-time intelligent oracle system that allows users to connect to other smart contracts from different blockchains. ChainLink will allow developers to use different blockchain networks as one extensive network for their decentralized apps.

The ChainLink will be released in September of 2018, so it’s still very new in the market. However, it has a solid team behind it and can make some noise when it hits the market.

7. Polygon

The Polygon chain aims to be an interface for different blockchains. It would allow the user to have the ability to access different blockchains from one place.

You can use it for decentralized applications and smart contracts. You can think of it as a blockchain ecosystem where you can use multiple chains simultaneously in one application.

Polygon plans on being released in 2018 with a hard cap of USD 30 million, so there’s a lot of potentials for this cryptocurrency to grow big time in 2018. Also, the Polygon team has a solid reputation and track record of managing massive projects.

Safest Cryptocurrencies- The Biggest Problem With Cryptocurrency Today

The biggest problem with cryptocurrency today is the volatility of the market. The price of a cryptocurrency can go up or down by 50% in a single day, making it very hard to use for payment now.

A cryptocurrency will only be successful if it can become more stable, which means if you save it and use it months later and get the same value out of it that you gave in to buying.

The other problem with the current state of cryptocurrency is that it’s still not very easy to use by the average consumer. The average person cannot just go to a bank and exchange their dollars or pounds for bitcoin or other cryptocurrencies like they can with gold.

Most people are not IT savvy enough to set up a cryptocurrency wallet on their computer and keep it secure. It will take many years of development before these problems are solved, but it will eventually solve them.

Cryptocurrency is a growing phenomenon that will only get more significant soon. The ability of cryptocurrency to be used as an investment and payment mechanism will bring more people into the market who understand how these currencies work.

It’s just time before cryptocurrencies take over other traditional payment systems like Paypal or Visa. It is not as far off as you might think, and I expect we will see this happen in the next several years.

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11 Hottest New Cryptocurrencies https://dirticoin.com/2022/09/20/11-hottest-new-cryptocurrencies/?utm_source=rss&utm_medium=rss&utm_campaign=11-hottest-new-cryptocurrencies Tue, 20 Sep 2022 15:43:42 +0000 https://dirticoin.com/?p=11561 Cryptocurrencies are emerging every single day. With so many altcoins, knowing where to invest your money can be challenging. Moreover, not all are worth your time and attention. Many are copycats of existing coins with little real-world use or value. But others offer something different and exciting.

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Some the hottest new cryptocurrencies are emerging every single day. With so many altcoins, knowing where to invest your money can be challenging. Moreover, not all are worth your time and attention. Many are copycats of existing coins with little real-world use or value. But others offer something different and exciting. If you’re looking for the next big thing in the world of cryptocurrency, these are the hottest new cryptocurrencies worth considering.

1. Binance Coin (BNB)

Binance Coin is a native currency of the Binance exchange, one of the world’s top exchanges. Anyone who invests in BNB can use it on the Binance platform. Additionally, anyone who holds BNB will receive a 50% discount on trading fees. Investing in BNB will give you access to some of the best trading opportunities available today. And with more than 100 million users worldwide, there’s no telling how far this coin will go.

2. Verge (XVG)

Verge (XVG) has developed quite a following over the past few months thanks to its innovative technology and low transaction fees. The Verge team has made it their mission to create an entirely new blockchain that focuses on privacy and security while offering fast transaction times and low costs for users. This combination has made it one of the most promising altcoins on the market today. However, Verge only recently started accepting members for its community-based development team and hasn’t yet launched its cryptocurrency wallet or exchange platform.

3. Ethereum Classic (ETC)

Ethereum Classic provides users with the same features and benefits of Ethereum while maintaining its original blockchain. And because it’s based on Ethereum, ETC is backed by a larger community with solid support. The project is off to a good start, with over $1 billion in market capitalization. Although Ethereum Classic is still relatively recent, it’s already considered a viable competitor to Ethereum.

4. Dirticoin

DirtiCoin™ is a fungible cryptocurrency with the stability and value of the currency backed by the value of real estate. The fact that it actually has a standard based on something makes it one of the safest Cryptos to invest in. The team behind it has stated they plan to hold a 65% to 35% Real Estate v.s. Liquid Assets ratio.

This makes DirtiCoin one of the most anticipated up-and-coming hottest new cryptocurrencies and even would have made it higher on the list if they had a little more tenure. The company is new but already making a splash that we are excited to watch.

5. Monero (XMR)

Monero is a privacy-focused cryptocurrency used on the dark web and other untraceable platforms. Its anonymous transaction system makes it ideal for users who want to remain anonymous online. Monero does contain some weaknesses, such as slow transaction speeds and fees that can be costly for users. But because of its large community, it can be considered an excellent long-term investment opportunity. And with more than $400 million in market capitalization, it may not stay small for long.

6. Tether (USDT)

Tether works by using “tethered” or “pegged” coins, which means they are 1:1 in value with fiat currencies like the US dollar. This ensures that the price always remains stable and close to the value of fiat currencies. Tether was launched on Bitfinex in 2014 and has since grown in popularity among traders and investors. It is currently one of the most popular currencies available on exchanges.

7. Bitcoin Cash (BCH)

Bitcoin Cash, or BCH, is created from Bitcoin itself, but it has evolved into more than just another altcoin. BCH differs from BTC in several ways, including faster transaction times, larger blocks, lower fees, and updated features like replay protection and adjustable difficulty retargeting, which makes mining more profitable over time. The main benefit is its ability to be mined using consumer-grade hardware such as GPU cards.

8. Cardano (ADA)

Cardano is a smart contract platform. It is the first blockchain project developed from the ground up to be regulated by a formal mathematical system. In its very early stages, it has already begun to show great promise. The Cardano cryptocurrency is built on this platform. It has been designed from the ground up, with security as its number one priority. The currency’s release was delayed for several months after many developers raised concerns about its funding model. Still, it came out in September 2017 as an ERC20 token on the Ethereum blockchain. Cardano currently sits in the top 10 list of crypto by market cap and has a total coin supply of 60 million.

9. EOS (EOS)

EOS is one of the best-positioned projects to become the platform of choice for enterprise-level applications. The EOS blockchain is developing a more efficient and scalable form of decentralized software that can be used not just by businesses but also by individual users. It is designed to address current issues such as transaction speed and scalability. EOS has already attracted a lot of attention within the cryptocurrency community, with over $4 billion worth of tokens sold in its crowdsale.

10. Binance Coin (BNB)

Binance Coin is the native cryptocurrency token of the Binance exchange. While it was initially intended to be used to pay fees on the platform, it has since expanded to become one of the most important cryptocurrencies. Binance Coin has two separate teams working on its development, with 15% of its total supply being set aside for community voting and another 15% split between BNB holders and developers. The remaining 85% is used for operational expenses, with each token representing one share in the company’s profits. The team behind Binance has big plans for the coin, including a plan to implement its blockchain technology, which will allow users to perform trades without having to trust any central authority with their funds.

11. Stellar (XLM)

Stellar connects banks, payment systems, and people for one low-cost payment network. The platform is designed to facilitate cross-border transactions at low costs and swiftly. Stellar has already begun to attract significant interest from financial institutions and other large corporations, with over $100 million worth of the currency being sold in its initial coin offering (ICO).

The digital currency market is fast-moving, with coins and tokens being introduced weekly. While the market may be very unpredictable in the short term, some coins have proven themselves over the long term. The above coins are an excellent example of the hottest new cryptocurrencies. They are a great place to start to make the most of your cryptocurrency investments.

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Protection from Volatility with these Cryptocurrencies https://dirticoin.com/2022/09/20/protection-from-volatility-with-these-cryptocurrencies/?utm_source=rss&utm_medium=rss&utm_campaign=protection-from-volatility-with-these-cryptocurrencies Tue, 20 Sep 2022 15:42:49 +0000 https://dirticoin.com/?p=11565 Volatility has been the defining characteristic of the crypto market from its inception. The highs are incredibly high, but so are the lows. Even after almost a decade, crypto remains an emerging market with a lot of uncertainty about its future. It is this volatility that makes trading and investing in cryptocurrency both exciting and risky at the same time.

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Volatility has been the defining characteristic of the crypto market from its inception. The highs are incredibly high, but so are the lows. Even after almost a decade, crypto remains an emerging market with a lot of uncertainty about its future. It is this volatility that makes trading and investing in cryptocurrency both exciting and risky at the same time. It means if you have some interest in cryptocurrency, you might be looking for protection from volatility to secure your profit. Trading these volatile markets demands special attention and knowledge to mitigate risk. Here are some of the best Cryptocurrencies markets to invest in with protection from volatility.

1. Ethereum

(ETH) Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It supports a modified consensus algorithm and a Turing-complete virtual machine called the Ethereum Virtual Machine (EVM). The EVM and its smart contracts are the building blocks for decentralized applications. Ethereum was proposed in late 2013 by Vitalik Buterin and launched in 2015. The currency has seen massive growth since its inception, from below $8 to over $400 as of December 2017.

2. Bitcoin (BTC)

Bitcoin is the most popular cryptocurrency in the world. It was created in 2009 by Satoshi Nakamoto, who remains anonymous and has never been identified. Bitcoin is an open-source, peer-to-peer digital currency that enables instant payments to anyone, anywhere in the world. Any central authority does not govern it: it’s based on open-source software, and its network consists of multiple nodes (computers connected to the internet) that verify transactions and add them to a distributed ledger known as the blockchain. It can be used to purchase goods and services online or mined for additional bitcoins. The currency has seen massive growth since its inception, rising from below $10 to over $2000 as of December 2017. It is currently ranked 9th by market capitalization with a market cap of over $61 billion. The new Bitcoin Cash (BCH) currency also takes after Bitcoin because it has faster transaction speeds and lower mining costs.

3. DirtiCoin

DirtiCoin is a fungible cryptocurrency with the stability and value of the currency backed by the value of real estate. Dirt Investment Coin is hitting the market to help everyone by providing protection from volatility and inflation by actually backing their currency with a standard. The standard they chose is real estate as it has the most proven track record to beat out all other investments. This currency is going to shake up the market and would have made it higher on the list if it had a little more time to vet, as it is brand new we will be watching it closely with anticipation. 

4. Avalanche (AVAX)

Avalanche is a decentralized cloud computing platform that aims to be the backbone of the next generation of cloud computing. Avalanche is a distributed ledger technology (DLT) platform that aims to improve existing blockchain designs by combining the benefits of Bitcoin and Ethereum with other innovations. Avalanche’s design was built on top of Ethereum but with the addition of its features, including a consensus mechanism, an off-chain scaling solution, and smart contracts. It is based on the Ethereum network but with additional features designed specifically for enterprise users. The Avalanche Network uses a hybrid consensus mechanism to function as a public and private chain, depending on whether there are enough validators (miners) online to maintain its integrity.

5. Binance Coin (BNB)

Binance Coin (BNB) is the cryptocurrency that powers the Binance exchange. It allows users to hold funds in a wallet and use it to pay for all fees on the business, including trading fees and listing fees. The Binance Coin is designed to be used for payment for all costs on the exchange. It also functions as a payment method for listing tokens or as a way to incentivize users of the deal with airdrops. The Binance Exchange was founded by Changpeng Zhao (CZ) in 2017 and has quickly become one of the most popular cryptocurrency exchanges in China. Binance is a global player in the crypto space, with many irons in the fire. The exchange is the most popular in China, and the Binance Coin is one of the top cryptocurrencies in the world. It is a secure platform that uses multi-signature technology to ensure safe funds. It was designed to be more than just a trading platform, focusing on helping the ecosystem grow and develop.

6. Tron (TRX)

Tron (TRX) is the cryptocurrency that powers the Tron network. I Tron platform was launched in 2017 as a content-sharing platform for the BitTorrent ecosystem. It allows users to store and share content on the Tron blockchain. The Tron Foundation has recently announced that it is working on some projects, including its virtual machine and an O3 coin (a utility token). As far as cryptocurrency go, Tron is older than several others on this list, debuting just two years after Ether. It is the platform of choice for many projects, including Peiwo, one of China’s first-ever blockchain-based social networks. It has also been adopted by several blockchain companies and games that focus on the Tron network.

7. Solana (SOL)

Solana is a permissioned distributed ledger platform developed by JP Morgan and IBM. It aims to provide fast, low-cost, and highly scalable cross-industry blockchain solutions for the finance industry. Solana’s technology is built on a private chain architecture, meaning only authorized users can view the data on its ledger. Using this architecture, companies can remove the need for an intermediary to verify transactions, which makes it faster and cheaper than systems like Ethereum and Bitcoin. The Solana Network can also connect multiple blockchains to create a private network of ledgers, which financial institutions could use to track transactions across various networks simultaneously.

There are a lot of exciting projects in the cryptocurrency space, and the list above only scratches the surface of ways they can offer protection from volatility. It is clear that the market is still very much alive and kicking. Cryptocurrencies are being used for different purposes, and there will continue demand for this technology.

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