PRM / BitCoin POS: Josip Heit presents the future of the financial market in Monaco

8. oktober 2020 11:26 | Af: Ritzau Info

Pressemeddelelse fra GSB Gold Standard Banking Corporation AG

After GSB Gold Standard Banking Corporation AG, based at the Port of Hamburg, presented its technical “G999” fireworks as a revolutionary block chain ecosystem and unique electronic money system, card device and app in one, inspired by the deflationary token economic model, which enables fast payments, micro fees and a variety of other options, including a communication network that guarantees customers absolute privacy, the novelty was not enough – the implementation of the BitCoin POS followed in the Principality of Monaco!

Who hasn’t heard of it and who doesn’t know the word “Bitcoin”? Well, for those readers who have never heard of Bitcoin, here is a brief explanation: “Bitcoin” is the world’s leading crypto currency based on a decentrally organised booking system. Payments are cryptographically legitimised and are processed via a network of computers with equal rights (peer-to-peer). In contrast to the usual banking system, no central clearing (authorisation and total monitoring) of all money movements is necessary. Proof of ownership of Bitcoin is stored in personal digital wallets. The price of a Bitcoin to legal tender follows the principle of stock exchange pricing, regulated by the general public and not by politicians or central banks.

The Bitcoin network is based on a decentralised database, the Blockchain, jointly managed by the participants, in which all transactions are recorded. Cryptographic techniques are used to ensure that valid transactions with Bitcoins can only be carried out by the respective owner and that monetary units cannot be issued more than once.

Josip Heit, CEO of GSB Gold Standard Banking Corporation AG, together with the developers of the BitCoin POS, then explained in Monte-Carlo (Monaco) what the latest developments on the subject of “Bitcoin (BTC)”, or even words like “Proof-of-Stake (PoS)”, are all about and explained: “Proof of Stake” refers to a procedure by which a block chain network reaches a consensus on which participant may generate the next block. A weighted random selection is used, whereby the weights of the individual participants are determined from participation duration and/or assets (the “Stake”). In contrast to the Proof of Work used by Bitcoin and Ethereum, Proof of Stake does not require time and energy-intensive mining and it is not possible to take over the network simply by possessing computing power (“51% attack”)”.

In this context, the innovative developers of the BitCoin POS in Hong Kong, Ma Compusoft Limited, expect to move to Proof of Stake (PoS) very soon, once the Ethereum (ETH) network proves the success of the algorithm. Bitcoin’s current proof-of-work (PoW) consensus algorithm is still a pioneering concept in this respect. However, this did exist and you should know this, but even before Bitcoin, it is now inseparably linked to the crypto currency, which is likely to change in the future.

The fact is and this can no longer be denied, the traditional fiat money could soon be history. Fiat money (US dollar, the euro, the British pound, the Swiss franc, the Russian rouble or the Chinese renminbi, to name but a few), this name comes from the Latin word fiat (“Let it be done! Let it be! Let it be!”) and is an object without any intrinsic value, which serves as a pure medium of exchange.

The opposite of fiat money is commodity money, here for example gold or silver, which in addition to their external exchange value also have an intrinsic value which is independent of governmental decrees as long as it is allowed to pay with it. Our current money is actually only paper, its monetary value – also called purchasing power – is in economics the exchange relationship between money and goods or services. If the national economies do not produce anything, the money is worth nothing, in contrast to gold!

Whoever buys a “BitCoin POS”, which has a higher value than the known fiat currencies, participates in a currency which cannot be manipulated by central banks through dictation. It is clear that Bitcoin is likely to move to a PoS system in the near future, because nowadays a large amount of energy is required (for Bitcoin mining) to keep the Bitcoin network running, so it is important to explore alternative consensus mechanisms.

However, in addition to the electricity problem and the related discussion about the protection of the environment through excessive electricity consumption, the current debate between “proof-of-stake (PoS)” and “proof-of-work (PoW)” is also about economic fairness, access barriers, network security and decentralisation. Bitcoin PoS solves these problems with a novel solution – namely by replacing the Bitcoin Proof-of-Work algorithm with a Bitcoin Proof-of-Stake algorithm. PoS does not require you to buy thousands of devices to generate more mining power. It is sufficient to simply have a deposit of “frozen” coins and receive a reward that is proportional to the amount you invest! PoS reduces electricity consumption by 99 percent!

Here BitCoin POS goes even further, because security is the main concern of crypto money advocates, investors, speculators and network participants. Who wants to lose everything because of a bug in the system? Bitcoin has just such a flaw – which is called centralization. Here, Bitcoin mining creates a paradigm of centralisation, which raises the spectre of a 51% attack. If such an attack were to occur, the entire network would be at risk with a value of billions of dollars. One can safely say that under such circumstances the Bitcoin network would be finished.

To this end, Bitcoin PoS, with its elegantly simple design, avoids the possibility of a 51% attack by converting the entire updated Bitcoin code base to “Proof of Stake”. While an attacker would have to control 51% of the network hash for Bitcoin, in the event of an attack on Bitcoin PoS he would have to control at least 50% of the token supply of the network, which is impossible even in the coming decades given the state of the art.

Whether and how these innovations are used or not, in contrast to the conventional financial market, depends on each individual. No currency can harm gold, because no matter how you twist and turn it, the net worth of gold has been proven for centuries.

For further information, please click here:


GSB Gold Standard Banking Corporation AG, Frau Melanie Berger, Große Bleichen 35, 20354 Hamburg, Telefon: +49 40 300 66 88 – 190, Mail: News@GSB.Global

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| Af: Ritzau Info

3D print af metal er også en mulighed med mange fordele, særligt i industribranchen. Det er endnu ikke så udbredt i Danmark, men blandt andre Fron Tech i Brønshøj tilbyder 3D print i forskellige typer af metal, da de allerede har set potentialet i denne type fabrikation.

Hvad er 3D Metalprint?

Ligesom med 3D print i plast, laver man med 3D Metalprint forskellige komponenter ved hjælp af et CAD design. Ud fra en CAD tegning kan man arbejde i forskellige typer af metalpulver, såsom stål, aluminium og titanium. Det kan lyde som et meget tungt og robust resultat, men for at holde vægten nede kan man blandt andet lave hule konstruktioner. At skabe komponenter med rum i midten vil være svært at skabe billigere og mere effektivt på andre måder end med 3D metalprint. Med den nye teknologi kan man nu også hurtigere og mere præcist styre laserstrålen, hvilket giver en højere produktionshastighed, men med stadig høj præcision. Det endelige resultat vil være et solidt og skræddersyet produkt til hver enkelt kunde og formål.

Hvorfor vælge 3D Metalprint?

Mulighederne er mange med de nye 3D metalprintere. Der kan arbejdes med forskellige metalliske materialer afhængigt af, hvad det endelige produkt skal anvendes til, og hvor modstandsdygtigt det skal være. Det er på nuværende tidspunkt muligt at producere både små komponenter til maskiner, samt producere mindre maskiner til eksempelvis køkkenet. En fordel ved 3D print er, at man kan skræddersy og finjustere det ønskede produkt, så man sparer penge i udviklingsprocessen. Det giver uendelige muligheder i forhold til design og funktion med mulighed for let at optimere det enkelte produkt. Derudover er det muligt at masseproducere et produkt med en høj produktionshastighed, så man kan følge med på korte deadlines og spare penge ved produktionen. Da produkterne fremstilles efter præcise detaljerede CAD tegninger og laves med laser ned til mindste detalje, er der mindre materialespild end ved en traditionel fremstilling. Ligeledes kan man nemt og hurtigt skifte metalpulver, og ubrugt pulver kan regenereres, så man udnytter materialet til fulde.

Der udvikles hele tiden på 3D metalprinterne, så de kan udføre flere og flere opgaver af forskellig kompleksitet og størrelse

Metalprint er stadig under udvikling

Da 3D metalprint stadig er relativt nyt, er prisen også i den høje ende. Det betyder, at selvom der er et stort potentiale for metalprint, særligt i maskin-, jern- og metalindustrien, er det ikke hos alle, det kan svare sig rent økonomisk på nuværende tidspunkt. 3D metalprint er dog stadig under udvikling, hvilket betyder at prisen for 3D print i metal med tiden vil blive billigere i takt med, at produktion bliver optimeret og omkostningerne falder. De nuværende 3D metalprintere har desuden begrænset byggestørrelse, og de kan kun anvende et udvalg af metaltyper, men disse småskavanker vil også snart blive fortid.

3D metalprint er kommet for at blive, og om nogle år er det formentlig lige så udbredt som 3D print i plast.

Produceret af Heymate


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