• CoinIRA

    "I do think bitcoin is the first encrypted money that has the potential to do something like changing the world." - Peter Thiel ( CoFounder - Paypal)

  • Bitcoin is the up and coming digital currency that allows people to transfer funds independently of the regulation of any middleman or central bank.

     

    CoinIRA will allow retirement account holders to buy, sell, or hold Bitcoins and other cryptocurrency assets and generate tax-deferred or tax-free gains, in the case of a Roth IRA. The primary advantage of using a self-directed IRA LLC to make Bitcoin investments is that all income and gains associated with the IRA investment grow tax-deferred or tax-free in the case of a Roth IRA.

  • The leak is still firm and in January reached the US $ 3,124 million

    However, the Caputo mega-emission allowed reserves to grow the US $ 6,389 million

     

    The current account deficit in January reached the US $ 1,947 million, as reported by the Central Bank yesterday in the Exchange Balance (BC). Red was compensated by the surplus of the financial exchange account, which climbed to the US $ 7,760 million, generating a positive variation of US $ 6,389 million in the BCRA reserves.

     

    The BC reflects the situation of the external sector, like its correlate the Balance of Payments of the Index. However, the BCRA indicator has some advantages. For example, only effective ticket sales transactions are recorded. In addition, this indicator is released much faster than the official statistics agency.

     

    The numbers

     

    The current account deficit of the foreign exchange balance of US $ 1,947 million was basically the result of net outflows for services and primary income accounts of US $ 1,440 million and the US $ 807 million, respectively, since a record of service expenditures was reached. explained mainly by card expenses abroad. The compensation came from the net income of the goods for the US $ 281 million. "This surplus in goods was the result of export charges of US $ 5,025 million and import payments of US $ 4,744 million," the BCRA clarified. However, the number contradicts the one also known yesterday by the ICA (which showed a red of US $ 986 million) which implies that foreign financing continues in the purchase of goods.

    The volume traded in the market totaled US $ 51,994 million (US $ 2,363 million on average daily), a level that represented a new maximum in the history of the foreign exchange market, exceeding by 4% the level of the previous month, explained by the respective records of the transactions arranged between the authorized entities, and between these and their clients.

     

    The account that allowed us to show the positive variation of reserves was the financial exchange, which highlights the mega-placement of the Ministry of Finance in January, which explained revenues of US $ 8,925 million. The counterpart that reduced this result was the alarming amount to which the formation of external assets of the private sector (better known as "la fuga") climbed to US $ 3,124 million in the month of January alone. "The figure was 69% higher than the 2017 average and 61% higher than the same month last year," said a report from the ACM consultancy.

     

    The Foreign Direct Investment, so expected by the Government, in the exchange balance hardly reached US $ 91 million. On the other hand, the tourism deficit registered in the account was US $ 1,947 million.

     

    The Central Bank made purchases directly to the National Treasury for a total of US $ 3,000 million. For their part, the entities, together with the rest of the public sector agencies, sold US $ 500 million and US $ 430 million, respectively, which were acquired by private sector clients through the foreign exchange market.

    Opinions

     

    In a dialogue with El Economista, Martín Alfie (Radar) said that the BC shows that Argentina has a highly vulnerable position on the external front. "The worrying elements (growth of the tourism deficit, low inflow of Direct Foreign Investment flows and heavy reliance on financial dollars) are still present and there are no signs that they will improve in the short term," warned the chief economist of Radar.

     

    For Guido Lorenzo (ACM), the BC showed a rearrangement of portfolios since there was less foreign exchange income per carry-trade and the formation of gross external assets exceeded US $ 5,000 million. "On the side of the current account, it is good news that even net exports of goods are not generating pressure, but the service account does not give way, in particular by cards," said the UBA professor and concluded that "January It was a reflection of the current model: foreign currency income due to government debt with a deficit current account that reflects some degree of foreign exchange arrears ".

     

    After the BC data it can be concluded that the public sector is transferring dollars to the private sector to pay its obligations in foreign currency. This demand for surplus dollars from the private sector covered by public indebtedness represents a serious risk for the local economy in the medium term. The Government tries to close the gap with an increase in exports, something that, for now, it would not be achieving.

  • What Is Bitcoin - Simple Answer No Hype

     

    So, what is Bitcoin? It's the big question on everyone's want everyone's mind. Well, almost everyone except for those zealots who are already into Bitcoin. Either they are caught up in the frenzy or thinking that they're going to become rich or they've already bought into Bitcoin sometime in the last eight years and they're fabulously wealthy because they believed. Well, what is it that they are actually believing in and for most of us we don't own Bitcoin or we just have started to dabble in it. Maybe we joined coinbase and we picked up a hundred bucks worth and we're still not sure exactly what it is.

     

    So what is Bitcoin with all the hype and platitudes and the philosophy? I mean once you strip it all away and that's what I'm going to attempt to kind of describe to you right now. Bitcoin is a program that lives on networks. Now I say networks instead of the internet because the internet isn't necessarily required it can be any kind of network it just happens to be one possible Network it albeit it is the biggest network and the ultimate home for Bitcoin. But it's not only in one place that's because Bitcoin is really made up of a whole bunch of applications that we call wallets or nodes that people control. Now, these wallets are nodes share a common database called the blockchain which is basically a ledger that's kind of like an accounting ledger.

     

    So the way it works is that at first there were only a few of these nodes or wallets in existence and they and people connected them with each other by broadcasting the address of their particular wallet. Now every wallet had an address, kind of like a network card on a computer. It has an address and then when they broadcast this address the other people who had wallets discovered yours and everybody else's and kind of making connections and knew where you were. The group of developers in an open source repository like GitHub or some other similar open source project and what they did was they started to distribute these wallets. This program that they created and with a bunch of people themselves and their friends and whoever for the purpose of starting this network because it was a distributed application and it requires people and more. The more people the better to actually come to life.

     

    So, for instance, you couldn't have just one of these wallets and work you needed at least another one and then the more that you have, the stronger that network or that application becomes. Because it lives across all the different wallets that's how it works. The idea was that they would pretend that the tokens that they would create inside this application this distributed application would represent some sort of value or what they deemed to be a kind of digital money. Now, these tokens were nothing more than a string of numbers that the wallet generated that were associated with the address that was unique to you something that you knew and all of this is kind of record in this ledger that's distributed this database or shared among all the different wallets.

     

    So again these tokens were nothing more than a string of numbers associated with an address and that address is unique to each person. So one could say that each person was in control of the wallet that they owned in the stand. The tokens that were associated with that address because you have the only person that really knew it. Now what that really meant was there was an entry in the database and it had some kind of address that only you knew and the only way to get that entry that string or token off of the database is by using your private address. All right, so every time that a Bitcoin was either divided or shared it would create something called a transaction and transaction is nothing more than an entry in that ledger. That's all it is and that would be recorded in this ledger and other people would also do things like they would share.

     

    Maybe part of their Bitcoin or a whole Bitcoin or they would create a Bitcoin and that those transactions would be created and these transactions were all gathered up into something called the block and the reason why they did this was just for efficiency. They didn't want to have to try to validate each transaction individually and there was a purpose fit for this and this block of transactions would be replicated among all the other wallets and nodes that everyone else was in control of. So everyone had an exact duplicate of the transactions but in order for the transactions to be completed. In other words, in order for you to know that you actually split apart your Bitcoin and gave it to somebody else it had to be validated or confirmed and this validation process was a feature of the sharing protocol built into this little app mechanism the wallet and the protocol were called a consensus protocol.

    Now, this type of protocol where you build consensus among all the different participants in a network is very common among distributed computing systems and there are all kinds of different levels of consensus in order to validate transactions.The one that they invented for Bitcoin was quite clever because it provided an incentive for actually providing or validating transactions. Now in the case of Bitcoin, that consensus protocol requires that other nodes come to an agreement that all the transactions in that block actually happened that they came from valid addresses and that previous transactions kind of were rolled up and they all kind of lived with the history because that was all part of the protocol test.

     

    The history - and they did that by hashing transactions along with previous transactions. So every transaction was built upon previous transactions, in this case, it's actually groups of transactions there every block was built on the hash of another block. So they added the hash of one block to my block to the current block and the job of these people who were validating was to make sure that and go through and check all those hashes and make sure that they equal what they said they were equal to so.This is basically a kind of cryptographic puzzle that needed to be solved and anyone on the network could engage in this consensus protocol and the reason why they would do it. I mean they didn't just do it out of the goodness of their heart. They did it because if they finished the puzzle first and they were recognized as the people that finished it first and everyone else that was also engaged in that consensus agreed that they finished it first and it was correct.

     

    Then that person or that is in control with that wall at a node would be awarded more Bitcoin. So Bitcoins weren't really worth a lot they gave you know quite a few bitcoins for coming up with this consensus.When everyone agrees that someone finished the protocol and validated a bunch of transactions in a block the winner would add that block to all the other blocks in effect creating a chain of validated blocks of transactions. The blockchain now every block was formed by adding the hashes of previous blocks and the more blocks that were created the more hashes that were added the greater the strength of the whole overall network became and the greater strength that you would have in the actual consensus protocol because the more levels that you could go back and test.Because they were very strong cryptographic puzzles that would take tremendous amounts of computing power and virtually impossible to attack.I mean if you want it to be a hacker to kind of go in here and change this it would mean that you would have to go and it's a whole bunch of different nodes at the same time and insert your own stuff in there and then kind of recreate it all the way up through which would be virtually impossible.

     

    If you have a vibrant network that's all operating continuously so I mean just going one level deep would be very difficult because these cryptographic strings were so long it would take huge computing power just to resolve it over a very long period of time.So it was basically impossible or impractical unless you had, you know access to all the supercomputers in the world.We know what a Bitcoin is it's simply a whole Bitcoin or a part of a Bitcoin that was created as an award and then shared between one wallet or a node in another wallet or a node and that every event that happens on this network is captured as a transaction and every transaction is validated and added to a block and the validated blocks are added to a chain of blocks. A Bitcoin really is nothing more than an entry in a shared database, what's called the distributed ledger that is associated with an address and it belongs to you. Because only you have that address or location of that particular Bitcoin or that part of the Bitcoin in your position.

     

    So even if you have a wallet your Bitcoin is not really just only in your wallet it is actually in everybody's wallet along with everybody else's bitcoins. So you have access to everyone else's Bitcoin well I mean it's actually in there but you don't really have access to it. The only way that you could get access to that is if you had that address with that key to extract it. So that's really what your Bitcoin is it is nothing more than a string of characters in a sheer database that's shared amongst everybody that's on the network. All the millions of people that are involved in Bitcoin so hopefully, this kind of answers to you what bitcoin actually is.

     

    KNOW MORE ABOUT BITCOIN - https://coinira.com/

     

  • Welcome to CoinIRA

    The company was first established as Gerson Financial Group LLC, with a focus on business-to-business precious metals sales. Current CEO Trevor Gerszt bought the firm in 2011, changing its name to Goldco Direct. At this time the company also transformed its business model to emphasize direct-to-consumer precious metals sales, including gold and silver coins and bullion, as well as platinum and palladium.

     

    Goldco Direct began providing IRA and 401(k) rollovers to self-directed IRAs that gave owners the option to hold physical precious metals in their retirement accounts, in accordance with IRS code 408(m)(3). In the same year, the company’s name was changed to Goldco Precious Metals.

    By 2014, the bulk of Goldco Precious Metals’ business had become providing self-directed Gold IRAs and IRA rollovers. Such accounts give individual investors the option to hold physical precious metals, often considered a safe haven asset and hedge against inflation, in a tax-deferred retirement account.

     

    Inc. Magazine named Goldco Precious Metals the #3 fastest-growing financial services company in the U.S. The same year the Los Angeles Business Journal named Goldco the 17th fastest-growing company in the greater Los Angeles Area. Since 2011 the company has grown from ten staffers too, by the close of 2016, over ninety employees.

    In 2017 Goldco announced a new subsidiary, CoinIRA to meet the increasing demand for Bitcoin and other Cryptocurrencies.