BITCOIN, its History, Current Uses and Future
Bitcoin (BTC) is a decentralized digital currency that allows for peer-to-peer transactions without the need for intermediaries like banks. It was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto.
History of Bitcoin:
– January 2009: Bitcoin’s white paper was published, outlining the concept and design of cryptocurrency.
– January 2009: The first block of the Bitcoin blockchain, known as the Genesis Block, was mined.
– 2010: The first real-world transaction took place, with 10,000 BTC used to buy two pizzas.
– 2011: Bitcoin’s value surpassed $1 for the first time.
– 2017: Bitcoin’s price reached an all-time high of nearly $20,000.
– 2020: Bitcoin’s market capitalization exceeded $1 trillion.
Current Position:
– Market capitalization: Over $400 billion
– Price: Around $20,000 – $30,000 per coin (fluctuates constantly)
– Adoption: Increasingly accepted as payment by merchants and institutions
– Regulatory environment: Evolving, with some countries embracing it and others imposing restrictions
Future Uses:
– Widespread adoption as a payment method
– Store of value and hedge against inflation
– Smart contracts and decentralized applications (dApps)
– Cross-border transactions and remittances
– Central bank digital currencies (CBDCs) and integration with traditional finance
– Potential for increased use in e-commerce, micropayments, and the Internet of Things (IoT)
Challenges and Limitations:
– Volatility and price fluctuations
– Scalability and transaction speed issues
– Regulatory uncertainty and potential crackdowns
– Security concerns and risk of hacking
– Environmental impact of mining operations
Overall, Bitcoin has come a long way since its inception and continues to evolve, with potential for increased adoption and innovation in the future.
REPUBLICAN USA Presidential Candidate Donald Trump’s Stance on Bitcoin:
– Trump has expressed skepticism and criticism towards Bitcoin, calling it “a highly volatile and based-on-thin-air currency” in 2021.
– In 2019, he tweeted that he is “not a fan” of Bitcoin, citing concerns about its potential use in illegal activities.
– However, some of his advisors and allies, like Mike Novogratz and Anthony Scaramucci, are pro-Bitcoin and have invested in it.
DEMOCRATIC USA Presidential Candidate Kamala Harris’ Stance on Bitcoin:
– Harris has not taken a clear stance on Bitcoin, but her campaign accepted Bitcoin donations in 2019.
– As a senator, she has expressed concerns about cryptocurrency’s potential use in criminal activities and called for stricter regulations.
– Her running mate, Joe Biden, has also not taken a clear stance, but his administration has been exploring the development of a digital dollar.
Other US Politicians’ Stances on Bitcoin:
– Pro-Bitcoin:
– Senator Cynthia Lummis (R-WY)
– Senator Pat Toomey (R-PA)
– Representative Tom Emmer (R-MN)
– Anti-Bitcoin:
– Senator Elizabeth Warren (D-MA)
– Senator Sherrod Brown (D-OH)
– Undecided/Neutral:
– Most politicians, including many presidential candidates, have not taken a clear stance on Bitcoin.
Keep in mind that politicians’ views can change, and their stance on Bitcoin might evolve as the cryptocurrency landscape continues to develop.
UAE/DUBAI Warning to Travelers with Currencies, Gold, and Diamonds
July 24, 2024. GULF NEWS. “ UAE travelers WARNED against NON-DISCLOSURE of EXCESS CASH, and VALUABLES. Declaration modalities, permissible limit for carrying money, other items explained.
The Abu Dhabi Judicial Department (ADJD) has issued a warning to travelers passing through the country against the non-disclosure of “currencies, precious metals and precious stones” of sizeable value through any point of entry in the UAE.
The department said in its warning bulletins on its website that failure of travelers arriving in or departing from the Emirates through airports or ports to disclose money, precious metals, and precious stones whose value exceeds UAE Dirham 60,000: ( USD $16,335:) is a punishable crime.
High UAE & DUBAI Back Channel, said “ GUYANESE especially the known NEW CORRUPT MONIES PERSONS will be the TARGET in DUBAI.”
Reminder, A DIPLOMATIC or SERVICE, or OFFICAL passport WILL NOT automatically GRANT IMMUNITY.
AFC New Team for 2024/2026
ALLIANCE FOR CHANGE (AFC) was established on October 29, 2005, and next year 2025 will CELEBRATE its TWENTIETH (20th) with a 20 YEARBOOK, on its History, with ACHIEVEMENTS, OUTCOMES and DELIVERABLES with PHOTOS.
As a THIRD PARTY, is achievements are WITHOUT PARALLEL, from its INCEPTION as the “ THIRD FORCE” or “BALANCE OF POWER” in Guyana’s Political Landscape.
The AFC MPs in PARLIAMENT, 2006 to 2020 are as follows, 5, to 7, to 10, to 9:
2006: 5 MP Seats
2011: 7 MP Seats
2015: 10 MP Seats
2020: 9 MP Seats
AFC LEADER NIGEL HUGHES, Esq. LLB, LLM, IMMEDIATELY after the close of the National Conference, started his CAMPAIGN and will be READY for General Elections in 2024 or 2025, with “ BETTER MUST COME” (BMC).
BRANDING
2024/2025 “BETTER MUST COME’ BMC
2015 with Coalition “IT IS TIME”
2011 “ THE RIGHT TURN”
AFC LEADER Nigel Hughes, Esq. “ Let’s talk about the future, the policies outlined in the presentation, made on Saturday, June 29, 2024.
- 10-to-15-year BROAD NATIONAL DEVELOPMENT PLAN, to be signed off on by ALL parliamentary parties.
- DIRECT CASH TRANSFERS TO EVERY CITIZEN.
- Complete OVERHAUL of the EDUCATIONAL SYSTEM.
- The right of each citizen to DISAGGREGATED DATA so we can address all aspects of NATIONAL CHALLENGES.
- REVERSE the DISCRIMINATION in the allocation of STATE RESOURCES.
- CONSTITUTIONAL REFORM to remove the WINNER TAKE ALL in a multi-cultural, multiethnic society.
- Constitutional reform to allow collations after the elections.
- And the many issues presented last Saturday ( June 29, 2024)
AFC LEADER Nigel Hughes, Esq., will include the following, IN GOVERNMENT for 2024 or 2025.
- SUBJECT MATTER EXPETS and COMMITTEES: This STARTED with OIL & GAS ADVISORY LEAD TEAM COMMITTEE, with DR. VINCE ADAMS, DAVID PATTERSON, and DR. SHAMIR ALLY, with the Authority to INCLUDE persons in GUYANA, DIASPORA and GLOBALLY for consultations.
- Will be about RES NON VERBA = DEEDS NOT WORDS
- Hopefully, a STANDARDS Committee, to ADVISE on HOW TO DELIVER on the PROMISES in its ACTION PLAN ( Manifesto)
- POWER and RESOURCES for GROWTH in ALL 10 Regions.
- GROWTH to be EVERYWHERE and to MAKE JOBS HAPPEN to MAKE COMMUNITIES HAPPIER.
- Will NOT BE TRIBAL POLITICS, with Opportunities for Guyanese in Guyana and the DIASPORA.
- SERVICE will be FIRST to PEOPLE, then GUYANA, then PARTIES
- DELIVERY of SERVICES will be MORE SELF CENTERED,
- NO CHILD or PERSON WILL LIVE IN POVERTY
- To be a PART of a GOVERNMENT of SERVICE to ALL 6 RACES
Leader Nigel Esq, said the 7 KEY AREAS of FOCUS will be:
- ECONOMIC DEVELOPMENT with a 10-15 Year Development Plan, including FOREIGN DIRECT INVESTMENTS (FDI)
- EDUCATION
- HEALTH
- FOREIGN AFFAIRS
- POVERTY REDUCTION
- LEGAL AFFAIRS
- DIASPORA
2024 to 2026 EXECUTIVES represented by its HISTORIC MULTI-RACIAL Party
LEADER NIGEL HUGHES Esq
CHAIR DAVID PATTERSON, MP.
VICE CHAIR MICHAEL CARRINGTON
GENERAL SECRETARY RAPHAEL TROTMAN Esq.
Assistant GENERAL SECRETARY BEVERLY ALERT, MP
Assistant GENERAL SECRETARY DERECK BASDEO
Alliance For Change: National Executive Committee Members (2024-2026):
A MULTI RACIAL PARTY from its 29th. October 2005 formation, to its NEW 2024-2026 Leadership DIVERSITY Team.
1) Nigel Hughes, Esq
2) David Patterson
3) Khemraj Ramjattan, Esq.
4) Michael Carrington
5) Raphael Trotman, Esq.
6) Sherod Duncan
7) Cathy Hughes
8) Juretha Fernandes
9) Ricky Ramsaroop
10) Beverley Alert
11) Derek Basdeo
12) Haimraj Rajkumar, Esq.
13) Devin Sears
14) Arnold Sukhraj
15) Valerie Garrido-Lowe
16) Dianna Rajcumar
17) Bryan Nobrega
18) Mark Goring
19) Suraj Singh
20) Allison Bourne
21) Dillon Mohamed
22) Camille McKenzie
23) David Daniels
24) Daniel Fraser
25) Harley Joseph
26) Dr. Shamir Ally
27) Ewart Marshall
28) Ken Grant
29) Liliann Cumberbatch
30) James Bunbury
31) Nicola Trotman
32) Subashichand Orilall
33) Onix Duncan
34) Quacy Isaacs
35) Lex Barker
36) Kenny Valladares
37) Simon Duggan
38) Charlene Garraway
Trotman & Ramjattan voted to be AFC ELDER STATESMEN
USA Chapter’s MOTION Written and Submitted by Dr. Shamir Ally and Seconded by Ewart Marshall, with the idea from Derek Basdeo, was PASSED UNANIMOUSLY at the AFC NATIONAL CONFERENCE on June 29, 2024.
BOTH LIVING FOUNDERS, Raphael Trotman Esq. and Khemraj Ramjattan Esq. will BOTH receive a PROCLAMATION, GOLD KEY, and Lifetime Membership with VOTING RIGHTS at Management Committee (MC) and National Executive Committee (NEC) Meetings, as AFC ELDER STATESMEN… Our Collective Congratulations.
Onward & Upward towards, One People, One Nation, One Destiny.
