Venezuelan Airport using Bitcoin to Evade US Sanctions.

Venezuelan Airport using Bitcoin 
to Evade US Sanctions.

While the Trump administration continues to tighten its economic grip on nations of the world, Venezuelan President Nicolás Maduro has started to push back by using Bitcoin to circumvent US financial restrictions. 


According to reports in local media, Venezuelan president Nicolás Maduro has been turning to bitcoin to circumvent US sanctions. The report added that the state has been using an app developed by a subsidiary of a Florida based firm which collects taxes.

The application called ‘Jetman Pay’ collects aeronautical taxes, before converting them into BTC through crypto wallets, and then sending them to other countries such as Russia, China and Bulgaria. The bitcoin is then sent back to Venezuela in USD to close the circle.

The initiative is regulated by the ‘National Superintendence of Cryptoactives’ (SUNACRIP), an agency setup by Maduro to launch the state backed Petro cryptocurrency. The Petro has not been used in this instance because bitcoin is more globally recognized and easier to convert in other countries.

The report added that this method of airport tax collection is only in operation in Caracas but there are plans to expand it to other airports and the port of La Guaira. There are also plans to use the app for refueling in addition to tax settlements.
The Jetman Pay app has been designed to collect tourist and airport taxes from commercial airlines, cargo and private planes. It is now in operation for all flights in and out of Maiquetía International Airport (IAIM).

The Trump administration has slapped sanctions on state oil company PDVSA which means those accounts have been blocked in an effort to cut the cash flow to President Maduro. The Petro was created in order to circumvent this financial blockade but it appears that the government now favors bitcoin instead.


For the people of Venezuela, bitcoin has been the savior against galloping hyperinflation which has crippled the country. Data from peer to peer trading activity tracker, Coin Dance, reveals that the seven days to July 20 were Venezuela’s biggest bitcoin volumes on record.
Users on LocalBitcoins alone generated volumes of over 57 billion Bolivars, this eclipsed the previous all-time high of 49 billion the previous week. Citizens have been flocking to bitcoin as the nation’s escalating inflation has reached a staggering ten million percent.

Will more nations switch to bitcoin to avoid US pressure? Add your thoughts below...
Credit to Bitcoinist

Everything You Should Know About Bitcoin Address Formats

A wallet address, comprising a string of 26-35 alphanumeric characters, is all it takes to send and receive bitcoin. Any bitcoin address can be used to transfer cryptocurrency to any other address on the network, provided the sender’s wallet software supports that address type. With multiple address formats to choose from, and wallet providers and exchanges only supporting certain address types, it pays to familiarize yourself with the differences.

Address Formats Are the Internet Protocol of Bitcoin.
Just as there are multiple versions of the Internet Protocol, such as IPv4 and IPv6, there are multiple bitcoin address formats. Most of the time, these don’t come into conflict with one another, with transactions zipping seamlessly across the network between custodial and non-custodial wallets. There are three Bitcoin Core address formats to choose from, P2PKH, P2SH, and bech32, with only a handful of service providers supporting all of them. There’s a good chance your preferred wallet or exchange doesn’t support at least one of these formats, with bech32 the likeliest to be omitted.

Learning the pros, cons and quirks of each address format will enable you to choose a compatible bitcoin wallet, exchange or platform. It will also furnish you with a deeper knowledge of Bitcoin’s inner workings, and reveal the trade-offs that come with each format in terms of security, flexibility and functionality.
P2PKH or Legacy Address Format
If your bitcoin address starts with a 1, you’re using a P2PKH or legacy address, for example 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2. This was Bitcoin’s original address format and it still works faithfully to this day. P2PKH, incidentally, stands for Pay-to-Pubkey Hash i.e pay to a hash of the recipient’s public key. Legacy addresses are not segwit compatible, but you can still send BTC from a P2PKH address to a segwit address without any problems. The average fee when sending from a P2PKH address is likely to be higher than when sending from a segwit address, however, because legacy address transactions are larger in size.

P2SH Address Format.
P2SH addresses are structured similarly to P2PKH, but start with a 3 instead of a 1, for example 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy. P2SH, which stands for pay to script hash, enables more elaborate functionality than legacy addresses. The P2SH script function is most commonly used for multisig addresses which can specify, for example, that multiple digital signatures are required to authorize the transaction. This address format is also used to enable non-native segwit transactions using a process known as P2WPKH-in-P2SH. The average person sending and receiving coins doesn’t need to concern themselves with the more complex functionality that the P2SH format can bestow: all that matters is that this address type is widely supported and can be used to send funds to both P2PKH and bech32 addresses.

Bech32 Address Format.
Bech32 addresses look distinctly different from the P2-style addresses. Each one starts with “bc1” and is longer than a legacy or P2SH address on account of this prefix. Bech32 is the native segwit address format, and is supported by the majority of software and hardware wallets, but a minority of exchanges. Ledger and Keepkey wallets currently don’t support bech32, for instance, and while most exchanges enable sending funds to bech32 addresses, they don’t enable users to receive them with this format. At present, less than 1 percent of BTC is stored in bech32 addresses, although this number is increasing slowly.
Credit to Kai Sedgwick
Pictures features by Coinsutra and others.

Best Decentralized Stable Coin backed with Bitcoin

Check QDAO Social Network here KAKAO, the big Telegram Group and the Website for more info and details, highly recommended.   
Also check the BTC-Alpha Exchange and check the Pairs with #USDQ


This decentralized stablecoin, uses algorithns that offer high stability and itsd backed by Bitcoin and not like USDT that is an empty promise coin, in our searching found its backed by Bitcoin also found on the white paper that it will added the top 10 cryptocurrencies also to be backed.   All transactions will be place on the Ethereum blockchain open to review at any time to everybody like Bitcoin Ledger, this is an smart contract that bring automation to business processes to eliminate the middlemen that we at the crypto world always looking for.  
Now, on the other hand we have QDAO the governance token that entitle holders to participate in the voting for all new decisions, this will make holders to worry about prices growing by keeping the best proposals, this imbues higher democracy and better for decentralization on which some crypto projects lag.

User needs to transfer Bitcoin into a collateralized debt contract "CDC", this contract will automatic trigger and generate the USDQ and send it back to the user, and to change your USDQ back to crypto assets user need to pay back the amount of USDQ they uinput chargeable to QDAO Token, and when this processes is complete the USDQ will automatic destroyed and the contract closed.  Or for easiest way just trade it on the exchanges  like as it now Hotbit, BTC-Alpha and soon Kucoin and more.
All this is done by the help of this develop in Platinum Enginnering, this ecosystem is working super hard to bluid up this long-term partnerships with stakeholders in the crypto world, this is a win-win for the Team, Holders and USDQ Coin.
Main Features:
The system uses this 2 Token USDQ & QDAO to avoid volatility on the blockchain,  in the case of USDQ is always pegged to USD 1=1 but also to comply in other exchanges from different countries the company will issue other tokens pegged to those country, as for example Japan will have the pegged token called JPYQ and for China CNYQ and I believe there is more to come. 
Now what is the interest for QDAO Holders, as the coin growing and succeed they are profitable, so why no make the best decisions for the Coins and Tokens.
Platinum Engineering Team also are on GitHub you can find them here.
To check the USDQ blockchain click here, and for QDAO here.
Here you will see all Holders for QDAO at the moment of writing this as you will see that is one wallet with 40% of the total supply which on my searching couldn't find the owner "I'm guessing this is Platinum Engineering Team" if you know please let us know down on the comments box.

Earn Bitcoin for FREE .!. Its Possible.

Many people are afraid of using they hard working money to buy or invest in cryptocurrency and that is ok, but there are many ways to earn crypto without using your money, this is a free way and you don't have to do nothing different that what you already do.

One of the main issues now day is privacy & censorship, regular people doesn't have that not more.  As you can see news these days talking about facebook and google selling people's data and Silicon Valley Companies getting rich day by day thanks to your datas that your are giving it  for free while they sell it for millions.

Now, thanks to Bitcoin and Blockchain Technology the game plan is changing, there is many apps already launched but I will give you some or the main ones out there:
Social Networks
-Instead using #Facebook, switch to Minds and or Steemit with this 2 platform you can do exactly the same or more than facebook, but the huge difference here is that you are getting paid with crypto, for Like, Share or Donation from another subscribers.

-There is a new one just came out and it those everything that Facebook, Twitter, YouTube and many more does and it pay with crypto as well it called BitTube with the difference than Minds and Steemit this one has more projects that keep paying you like AirTime , this is a browser extention that is use to block Ads, keep your privacy and its has a VPN builded in that can be use for free, they are also have they own browser with this technology.

-Now for YouTube replacement beside BitTube we also have Dtube , this is exactly like youtube but without Ads, commercial and stealing your privacy, you get pay with Crypto as its a Steemit video platform.

I can say that at least 70% of people are using google chrome now, and I bed they don't know that google is stealing your data, privacy, location and visited websites so that they can sell it for millions of dollar while you have to see the annoying Ads all over the place.   For this we have the best solution:
-Brave Browser a chromium browser that block tracker, ads, etc, also get pay with Basic Attention Token "BAT" for using it and watching ads that you set it at you own peace.
-CryptoTab is a chrome folk browser that mine Bitcoin, make earn more bitcoin is you refer more people, NOTE: a lot of people said or think this is an scam,  I'm a proof that is not, I use it every day, while I using it to watch Bitcoin chart I'm mining at the same time, remember on #Satoshi might cost more than a $1 in the next 10 years.

-While using either or both of the browser you can switch the google search with Pre-Search its better that google search and it can customized to a direct search to many webpage, also pay you 0.25 PRE for each search.

If you thinking this is it, nope, there is more:
Sign up for Coinbase, here you can buy safety you first cryptocurrency and beside been a custodian they are also helping people understand the technology of the blockchain, after you sign up you can watch videos tutorial of the Coin they had it listed and earn those toke, now can earn up to $60 on those token and coins by watching couple minutes videos.
But the easiest way to earn some cryptos is by signing up on AirDrops in here you will be ask to share, like, and follow them on ever social network you will need your Ethereum Address to be able to receive your coins.

All this platform' Coin and/or Token can be exchange it into Bitcoin or any other Cryptocurrency.   There is more of this type of platform out there but if you know any that we haven't mentioned, please let us know in the comments section below.  For more check the Referral Tab above.