Let’s Talk Bitcoin (LTB) is my favorite source for news surrounding “the ideas, people, and projects building the digital economy and the future of money,” which is how Adam B. Levine opens each episode of the Let’s Talk Bitcoin podcast.
The fine folks at LTB have recently launched a token called LTBcoin that functions as currency inside the community they are creating. It is the exclusive token they accept for sponsorships (on their site, podcasts, etc.) and they are distributing the tokens to their content creators, people helping build the network, and to the participants of the community.
What are Counterparty and Counterwallet?
Counterparty is a platform that is built on top of Bitcoin that creates a whole new world of peer to peer financial services and Counterwallet is a free web-wallet that creates an interface to use these services.
Using Counterparty and Counterwallet, individuals can issue their own digital tokens secured by the Bitcoin network and trade them on a decentralized exchange. The potential of this platform is staggering as tokens can be created to represent votes, shares of equity, user-created currencies, members of an organization, or myriad other possibilities.
For those who are unfamiliar, Bitcoin is a digital cryptocurrency and payment network, and Kiva.org is a non-profit organization that works to alleviate poverty around the world through financing micro-loans. Both Bitcoin and Kiva have the potential to drastically reform economic disparity around the world through financially empowering individuals.
PPCoin (PPC) generates two types of blocks: Proof of Work (PoW) and Proof of Stake (PoS). If you want to know how many coins there will be in total, the answer is generally that there is no hard cap due to the nature of the PoS coins being generated indefinitely.
But there is a cap to the PoW coins, and that information is very important for people trying to determine future mining value as well as the actual valuation of the coin.
I have been unable to find any reliable resources that explain how many PoW coins are generated, so I have made my own approximations.
“Put the Internet to work for you” is the motto of IFTTT.com, a site that lets you automate many processes from various other sites. When you create a task that you want to automate, it is known as a “recipe” on the site. Here’s a handful of the many recipes you can create with IFTTT.com:
- Download photos to Dropbox that you post to Instagram
- When you update your Facebook profile picture, update your Twitter profile with the same picture
- Email a weather update to yourself if it’s expected to rain the next day
- Archive your tweets to Google Calendar (or Evernote, Buffer, Tumblr, Posterous, etc)
- Post your YouTube “favorites” to a social network
- Text your phone when a Craigslist post matches your search criteria
Dozens of sites are compatible and the list has been growing steadily all year. There is an incredible variety of triggers and outcomes that you can create.
One of the ways that I utilize IFTTT.com is to streamline some social media activity. If I have a picture that I want to post on all my networks, I have created a folder in Dropbox that I named “To Social Networks.” When I put a picture in this folder, I have triggers that are set up to post it to Twitter, Facebook, Flickr, and Tumblr.
From my experience so far, it seems like almost everyone reuses a few of the same passwords to log in to everything they use across the internet. And that’s a bad idea. If any website you use is compromised, it is very likely that your login information will be tried again on another site. Not to mention if LulzSec happens to find your password, they will likely publish it.The solution is to use a password manager like LastPass or 1Password. They’re both fantastic. I use 1Password as it is optimized for the Mac experience (although now it is also available on Windows), but it sounds like LastPass has become just as polished (not to mention that it’s free).
With all the social media emphasis that we’ve all been doing and will continue to do, I wanted to share a quick shortcut to make sure you’ve got your permissions and privacy under control.
Visit mypermissions.org. You can click each of the icons to take you to the permission controls of that network.
Basically if you’ve connected your Facebook account to a lot of services over the last few years and you don’t necessarily still want to keep your account connected to those older sites any more, you can revoke access to that site. The same goes for Twitter, Google, Yahoo, LinkedIn, Dropbox, Instagram, Flickr, Foursquare, AOL, and Microsoft Live.
This Friday I want to make sure you’re all aware of an incredible timesaver for social media postings called Buffer
Buffer allows you to post to Twitter, Facebook, and LinkedIn at the same time, or at scheduled intervals. Say you have three things that are all urgent for you to post (Little Women Big Cars on AOL, Fetching on AOL, and you favorite episode of Sam Has 7 Friends on YouTube), you can add them all to Buffer. Not only will it space out your posts, but you can set it to post at peak social interaction times for each network.
1) Go to http://bufferapp.com/
2) Sign up with Twitter, Facebook, or LinkedIn
3) A post will pre-populate for you, but just ignore it.
4) Click “settings” at the top
5) Click “connect account” at the bottom of the new page
6) Add another account, and repeat until you have all three accounts linked.
7) Click back to “dashboard”
8) Write a status message (if you include a link, it will preview what it looks like on FB and LI).
9) “Post Now” to immediately post to all networks or “Add to Buffer” to queue it up
=&1=& (see screen shots below for reference):
- You can choose your link shortener if you prefer bit.ly (which I prefer). You can also use your bit.ly account by connecting it.
- Change the scheduled times for your postings for each network. Maybe you only post twice a day on Facebook, but you post four times a day on Twitter (make sure your timezone matches or the status will post at the right times in the wrong time zones).
- Add the Buffer for Chrome extension by clicking here while in Google Chrome. Now any time your find something interesting, you can immediately blast it out.
I invite you to waste some time with a social media site known as StumbleUpon. You may know it as fun distraction, but it is also an incredibly powerful driver of Internet traffic.
If you want to get started in the world of social media, there are plenty of ways to go about it. I’m going to show you what I did and tell you what is working and what isn’t.
The social media sites that I will cover include Digg, Reddit, StumbleUpon, Delicious, Yahoo Buzz, Kirtsy, Twitter, and Facebook.
In a nutshell, the best way to get started is to be exceedingly kind and participate in the communities. Offer your help to people and see who returns the favors. People who reciprocate will be your long-term social media friends and those who are selfish and demanding may need to be ignored so that you can continue to work with your mutually beneficial friends.