Crypto currency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Decentralized crypto currencies such as Bitcoin, Litecoin, Prime coin, Dogecoin and The Billion Coin (TBC) now provide an outlets for personal wealth that is beyond restriction and confiscation.
Satoshi Nakamoto is the alleged originator of the first Crypto currency which is Bitcoin, beyond that, not much else is known about him and his identity. He has been working on Bitcoin project since 2007. Nakamoto worked with people on the open source team, but took care never to reveal anything personal about himself and the last anyone heard about him was in the spring of 2011, when he said that he had “moved on to other things”.
In the beginning of Bitcoin many persons claimed that it would be a scam, but what’s the reality today?. Bitcoin was less than 10 cents when it was launched, imagine if you bought 1000 Bitcoin ( less than $100 then), it would now be more than $700,000. Bitcoin is accepted globally right now, it has come to stay. You go to shops in some part of the globe they have Bitcoin ATM machines all over the place now. The only one in Africa is in Pretonia, South Africa, so it is as good as money, it is even better than the Fiat Currency (Paper Money).
The Billion Coin (TBC) is also a crypto currency invented March 21st, 2016. Since it’s invention, there has been a lot of tension and speculations due to the promises the coin claims to bring. There are many reasons why people say TBC is a scam.
First and foremost the most common reason is because TBC coincidentally has a similar name with a previous coin which came and failed, TB coin like Tuberculosis Coin. This misunderstanding has grown wild because of a review made by bitcointalk to warn people to stay away from that fraudulent TB coin.
Secondly others say, TBC is scam because it claims to increase 1-5% daily which has never happened in the market of crypto currency. Now I really understand and relate with anyone with this ideology. Its really difficult for people to accept new stuffs because it’s not in line with what they already know. The value of every crypto currency is determined by the market of demand and supply. Simply, it means that, say if the demand of Bitcoin go up then the price of Bitcoin correspondingly increase and vise versa.
However with TBC, the coin claims never to come down in value which doesn’t make any sense talking from experience with previous crypto currencies and some basic economics.
On the contrary, TBC coin is a new innovative idea introduced into the crypto world. Maybe the only mistake was calling TBC a crypto currency. As all other crypto currencies, values are market based, TBC’s value is user base.
What does that mean ‘user base’, the idea of user base means that the value of the coin is determined by the number of verified members in the TBC community and not necessarily how they are using the coin. This simply means that the more people join the community, the higher the price of the coin. However the coin has an ultimate price of One Billion Euros(€1 b) hence the name The Billion Coin.
Why One Billion Euros, what if the people on the coin exceed one billion?
The software is programmed to keep track of the number verified members until it reaches its ultimate of 1 billion people, mind you this doesn’t mean only one billion people can join the community, it just means only 1 billion will be accounted for. Consequently, since the price of the coin moves with the verified members, the price will also come to a halt at 1 billion euros(€1 b) per coin.
Now this makes sense just that its sounds too good to be true. It’s not our fault to have doubts but its our fault if we miss the opportunity to be in the growth stage of the currency, an opportunity to be a millionaire, an opportunity to be of help to others, an opportunity to employ those who didn’t believe.
Thirdly, people are losing trust in the coin because they do not understand the concept of the coin. Follow this link and watch the video on TBC concept https://www.thebillioncoin.info/tbc_formula
Here is the ugly or beautiful truth depending on how you want to take it. I’m going to be straight forward here. The coin was not invented to be like any other crypto currency that you buy today and exchange tomorrow when the price starts going down or buy more when you suspect a price increase, TBC coin is not stock. This coin was invented to put an end to poverty hence the abundance nature of the coin. TBC does not need exchangers, now reason with me.
When TBC reaches its ultimate of €1b there will be 1 billion coins in circulation. Now do the maths, $1b x 1 billion coins, that’s a lot of zeros. Which fiat currency is that much to exchange for all TBC holders. Guys the coin was made for a purpose.
The purpose of the coin is to be accepted as a global means of exchange. The coin is here to replace the fiat currency and solve the problems created by Fiat currencies. Before you can use your fiat currency to purchase in another currency, you need to exchange your currency to the currency of the other country. This creates a lot of problems for businesses in developing nations. For example, a business in Africa say, Nigeria or South Africa or any other African country signs a contract with a business in USA to supply goods wealth say $20,000 with a rate of N390 to $1(N7,800,000). Now this business man in Nigeria after selling all the products makes N8,000,000. He has at least made a profit of N1,000,000 but just when he goes to the bank to pay his supplier, finds out that the dollar rate is now N450 to $1, meaning he now has to pay the bank N9,000,000 to his supplier for the $20,000 goods, you can see the inconveniences this can create to businesses. TBC coin is here to be a global currency for all nations, why will you run away from this opportunity.
You may ask if we believe in TBC why sell it then?
The only reason why we sell the coin now is just to make it circulate so everyone can also get the coin. If all holders refuse to circulate and hoard all the coins then new members will have no coins to also keep till the ultimate price is achieved. The coin was made to create more millionaires and billionaires not just to make 1 or 2% of the population wealthy which will send us to square 1.
We have to stop pulling this currency down to fail and push forward for its success because the success of the currency is not in economics theory nor in the hands of the government, it’s in our hands. We can decide whether TBC will fail or succeed.
Sometimes its too hard to understand people who says TBC is scam for none of the above reasons, if you have TBC and enters my shop and i say, i accept TBC as payment and my supplier also accepts it and the person providing the raw materials for my supplier also accepts it and the food and agriculture sectors also accept the currency and we all join together and work with the currency, where and what is the SCAM ?.
You should also try and sell some of your TBC, if you have a lot so that more people can also get this currency. The reason why it’s hard for you to sell your coins is because you want to sell to people who already have the coins or people who do not understand the concept of the coin, help more people to understand the concept of TBC and the good it brings with it and we will all be happy.
My only advice for all those who think they are too smart to be scammed is that, it’s better to lose some money to try TBC out than to keep your few money and later realize your mistake after the success of TBC.
Currently in Nigeria the Managing Director of KAVWIN Nigeria Limited, Dayo Okewole said, The company is Nigerian’s first e-commerce company accepting crypto currencies such as Bitcoin, TBC as medium of payment. Like any other e-commerce company, you can shop on their website, paying with the Crypto currencies, get the full story on Guardian
There are many Facebook Pages where one can get value for his TBC of which goods are exchange with TBC currency, sometimes part TBC and part paper currency such page is that of ESTELLE GLITZ EFFIOM-DESOUZA who is doing a very good job in giving value to TBC, she sometimes stand as an intermediary between the Buyer and the Seller. Here are some of the goods which are bought with TBC with screen shot from her page.
Trade fairs are currently going on in the country like that of Kano Mega TBC Trade Fair which took place at Zaineb Royal Hall Tropicana Kano on the 6th and 7th of May 2017. Items such as Cars, Electronics, Foodstuff, Beverages, Clothes, Shoes, Bags, Medical Equipment, Watches, Jewelries and Many other items were sold with TBC. For those that missed the Kano trade fair here is another opportunity for you, Lagos Mega Trade Fair which is coming up on the 20th May at Ikeja Youth and Sport Development Centre, oluwaleyimu Street, Ikeja Lagos. For those that think TBC is a Scam please make a day to that venue and see for yourself.
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Emmem M. P is an Importation Business Expert. He loves to write about Mini – Importation Business and Cryto – Currency.