Upcoming Bitcoin Forks: What To Expect And How To Prepare

Bitcoin is software. There are various parties involved in development of this software — Bitcoin miners, developers, users and platforms— that all have some authority and input as how they want Bitcoin to operate. The Bitcoin network is constantly improved through various software proposals and updates. Occasionally, however, some of these parties may disagree about the implementation or non-implementation of certain proposals. This means developers can simply fork from the current Bitcoin software branch, and bring a new version into existence, which will operate by a new set of rules.
If you had one Bitcoin before the fork, you’d have one Bitcoin and one newly created coin after the fork. This is what happened with Bitcoin Cash in 2017.

"In a layman's language, when two or more developers disagree with other developers on a scientific Bitcoin project, these developers may decide to go ahead with the project and thereby splitting from Bitcoin to create another crytocurrency with blockchain that share the same transaction history of the original Bitcoin blockchain created by Satoshi Nakamoto". This is called Bitcoin Fork.

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At the moment there are two forks planned for the Bitcoin network, and cryptocurrency proponents are curious about taking the best preparations. One fork is called Bitcoin Gold which is scheduled for October 25, while the other hard fork Segwit2x (BTC1) will take place roughly around mid-November or block height 494784.


Currently, there are two bitcoin forks scheduled to happen over the next few weeks. This means if splits happen to occur between all of them, there could be a total of four blockchains that share the same transaction history of the original Bitcoin blockchain created by Satoshi Nakamoto.

Bitcoin Gold
The project first announced on Bitcointalk.org in July was created by Jack Liao, the founder of Lightning ASIC a mining firm based out of Hong Kong and an anonymous developer named “h4x3.”
The Bitcoin Gold (BTG) project aims to fork the network so they can create an Application Specific Integrated Circuit (ASIC) ‘resistant’ version of bitcoin. The reason they are forking the network is because the team thinks ASIC mining is too centralized. So BTG developers plan to make bitcoin mineable using Graphic Processing Units (GPU), by changing the original protocol’s consensus to an algorithm called Equihash. This hard fork is planned for October 25 the developers have stated, but the network itself won’t be live until November 1.

Segwit2x
The Segwit2x hard fork is a technical compromise stemming from the New York Agreement (NYA) this past spring, between a vast majority of bitcoin miners and businesses. Some people believe the NYA compromise helped push miners to use their hashrate voting power to ultimately implement the Segregated Witness (Segwit) protocol. But the activation of Segwit came with the agreement that three months later a 2MB block size hard fork would take place. This hard fork will take place at approximately block height 494784 or roughly around November 18 depending on hashrate.


Things You Should Know

There are a few things bitcoin holders should know before, during and after the fork.
Before the fork, users should make sure their funds are in the right place, at the right time. This means choosing to leave money on an exchange, which some folks like traders do, or hold the funds in a non-custodial wallet. Most people agree the best practice, to remain in full control of any amount of bitcoin holdings, is to maintain your own funds by possessing your own private keys. So before the fork, if users keep their BTC stash in a non-custodial wallet they should make sure they have their seed phrases or private keys available. If an individual possesses their private keys, they are in full control of their funds before and after the fork.

If a user chooses to keep funds on a custodial wallet or a centralized exchange then they should be fully aware the provider is in control. Trading platforms will cease deposits and withdrawals during a fork and may even stop trades temporarily. Users keeping money on an exchange must always know they will be ultimately subject to that business’s discretion.

During the fork, most people would also agree that sending bitcoin transactions while the consensus change is taking place is not the best idea. People should remain patient until 100 percent of the dust has settled before they transact with the bitcoin network. There could be confusion with the fork like blockchain re-organizations, replay attacks, and prolonged confirmation times.

After the fork, it is still a good idea to remain patient, and you can start investigating reliable infrastructure for both forks before using the split networks. From here you can research how to import your private keys so you can claim split tokens, as well as wait for splitting tools from wallet and exchange providers. For instance, many bitcoin wallet users had to wait for the app maintainers to create a tool or fully support the new network that was born this summer. Some people may have to wait a few days or even weeks before wallet providers and exchanges follow through with support and special chain-splitting tools.

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As explained above, leaving funds with an exchange during and after a fork exposes users to the will of a company’s decisions. The business may not let you deposit or withdraw between a specified period. So if you need access to funds that are on an exchange, you may not get them right away. Additionally, some exchanges may not release support for split tokens right away, and again you will have to wait. For instance, the exchange Coinbase has not yet released bitcoin cash (BCH) holdings to their customers who kept funds on the trading platform prior to August 1 and the firm aims to release the BCH in January 2018.  

Note: The expected forks may or may not happen and at the expected date/period.


credit: Jamie Redman(@jamieCrypto) and Tochukwu M(@dillionworld)

How A Fresh Graduate Can Get A Job Without Experience

If all jobs require experience, how can you get that first job when your only experience is your degree?

First, remember that everyone begins with no experience–so you’re not alone.
When you are just out of University/Polytechnic and embarking on finding a career path, it’s easy to feel intimidated. Job searching without much work experience can be frustrating, but with some hard work, a lot of ambition, and confidence in yourself, it can happen.

Here’s how to get there:

1. EMBRACE YOUR REALITY
If you’re applying for entry-level positions, most people aren’t expecting you to come in with a resume filled with experience. Instead, embrace your inexperience and leverage it as motivation to learn. Highlight examples of your dedication, curiosity, and commitment to learning and growth. People who are hiring are looking for people who are willing to work hard and want to learn.

2. IDENTIFY YOUR SKILLS
Make a list of all the skills listed in postings for the role you’re looking to get: computer skills, technical skills, communication skills, research skills, problem-solving skills. What do people come to you for help with?

3. MAKE THE LINK
When you decide to apply for a given position, you must have a reason to believe you can do the job well. Spend some time analyzing that link. What formal or informal experience do you have, or what personal traits, that make the job a good fit? Be analytical and creative in this process. Once you establish the link for yourself, you can explain it to a potential employer.

4. EMPHASIZE “SOFT SKILLS”
What will make you stand out from the rest? Remember to showcase qualities like friendliness, professionalism, responsiveness, and follow-through. Strong soft skills can go a long way, because they can’t really be taught.

5. KNOW YOUR OWN WORTH
You might not have years of work experience, but what else in your background can demonstrate your worth to an employer? Experience doesn’t have to just come from traditional jobs; market any skills you’ve developed in other areas of your life.

6. BALANCE CONFIDENCE WITH BEGINNER’S MIND
Confidence is important, but it has to be laced with humility and modesty–the hallmarks of “beginner’s mind.” Show that you can do the job, but also show that you’re willing to learn.

7. START VOLUNTEERING
If you can’t find a job, work for free. A volunteer position can be easier to find than an internship. Volunteer for as much relevant service as you can. You’ll not only gain valuable experience, but will also be able to build a network and get a foot in the door.

8. NETWORK
Building your personal network is a reliable path to a great job at any stage of life. Connect with everyone you know–and in turn with everyone they know–through social media(especially LinkedIn) community and professional events, setting up lunch or coffee dates to stay in touch, any way you can find.

9. KEEP LEARNING
It may be that you need more education to qualify for what you really want to do–for example, if you discover an interest in law, then it may be time to apply to law school. But even outside of formal education, find ways to keep current and expand your base of knowledge–take noncredit or audit classes, enroll in professional development or special training courses, or just do a lot of reading in your fields of interest.

10. BE REALISTIC
Even making the most of your skills and experience, make sure you’re applying for positions that are appropriate for you. In a tight job market where employers are flooded with highly qualified applicants, there’s less incentive to take a chance on a marginally qualified candidate. Carefully target jobs you truly can prove you can succeed in–not just those where you think, “I could do that,” but those where you can excel with the strength and skills you already have.

The more defeated you allow yourself to feel, the more defeatist this experience will be. Every day, do something to find a job, and do it with the mind-set that it is not a futile undertaking but an adventure, a chance to learn and explore.

Along the way, remember to put yourself in the shoes of those who will be hiring you. What should make them excited about you? The answer to that question needs to be reflected in everything you do–from your responses on job searches to your cover letter, your résumé and your interview. Make a compelling case for yourself, take your life in your own hands, and make this work.

You’ll be surprised at what you can achieve with the right mind-set.
Good luck.


credit: Lolly Daskal(@LollyDaskal). She is a leadership development and CEO coach and consultant and founder of Lead From Within.

Between Education And Job Experience Which One Is More Important?

As we hit “back to the school” season, many people may start to think whether University education is a must. University education is expensive but certainly important especially in some fields. However, graduating from University is not a guarantee of landing a job immediately. You also need experience in your desired field.
So, which one is more important: education or experience? Is having experience enough for you to land your dream job without a bachelor’s degree? Or do you certainly require a bachelor’s degree with good academic grades? Keep reading below and decide yourself.

A University with a good reputation can open you many doors. 
It is obvious that a University with a good reputation can provide you many opportunities. Good Universitys have career fairs in which many employers attend. This enables you to find a job easier. Also, most Universitys have alumni networks and this network can help you land a job. However, if you attend a University which no one has ever heard of, that won’t help you as much as you hope for because everybody can get four-year degrees nowadays.

The important thing is how you stand out among this crowd. Similarly, if you decide not to go to University but instead, work full-time and just go to work from 9 a.m. to 5 p.m. every day but don’t grow yourself personally, don’t add any new skills to yourself or don’t take any major responsibilities, then your experience doesn’t matter as much because you are not moving forward.

Employers do not just want experience, they want relevant experience.
You may not have a University degree but have five or six years of experience. However, is this relevant experience or did you hold different jobs in different fields? It all comes down to how your experience is related to the job you are looking to work for. You can work and study at the same time and this makes your degree and experience even more valuable because it shows that you are a very hard working person and disciplined at the same time because doing both of these at once require dedication and discipline.

If you feel working full-time is too much for you while studying, you can try weekend programs, evening programs or NOUN. In this way, you can increase your experience and still get your four-year degree. Also, you can stand out among the crowd because you will have both.

How can a fresh graduate land a job without experience? If you have this question in mind, you are not alone. It will form the basis of our next article.


credit: ceren cubukcu

How New Entrepreneurs Can Avoid Business Bondage

Is pursuing success as an entrepreneur really worth risking so many relationships and losing your personal life?

Business bondage can be described as the state of feeling inexorably intertwined or even imprisoned by your business.
Business bondage is frequently experienced by new entrepreneurs and small-business owners.
Every day as an entrepreneur seems like a marathon. You are exhausted after putting in long hours of work, but you wake up the next day and do it all over again without finding time for you personal life.

Many factors can contribute to this feeling: 

• lack of experience
• financial stress (insufficient capital, late- or non-paying customers, high-interest credit, etc.)
• macroeconomic events (national economic issues, financial market fluctuations, etc.)
• inability to lead or delegate tasks
• inefficient or inadequate business systems
• lack of experienced help/staff
• increase in the competitive environment

According to the Small Business Administration, business startups fail at a rate of roughly 50% within the first five years. In order to make a business succeed it requires enormous financial, emotional and physical commitment by the owner(s).
The flip side of that commitment is the necessity to find life balance or else risk succeeding at work but paying too high a personal cost.

For small-business owners, however, work-life balance isn’t so straightforward. Especially as their business is growing, many owners find themselves immersed in the day-to-day needs of their company—from finding and hiring talent to marketing the opportunities. It’s hard to break away even for an hour, much less take a vacation.
But it's not an entirely impossible task—

How To Achieve Personal Life And Business Balance:

The keys to maintaining balance are flexibility, delegating work and prioritizing time for fun.

Use of Technology: use various scheduling tools to fit everything into place. Technology is a great help—you can use phone calendars, email reminders and mobile reminders to maneuver your way to each meeting, event and party. Also apps like unit converters and Visual Assistant make work a whole lot easier.

Hiring the right people. This will help you to delegate tasks. It will help take your mind of the business for some period of time because you entrusted your business into capable hand(s).

Ensure that you prioritize your personal life.

Be Disciplined: The hardest part about executing on the plan is being disciplined enough to actually meet your goals. In all likelihood, something at the office will challenge your weekly plans and priorities. Appointment requests will come, challenges will arise, meetings will go long, deadlines will loom, and there will always be excuses to make an exception.

Those times will test your priorities. However, you can handle most of the items without making exceptions or excuses if you just stick to your plan.

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