Daily Telos Gold 2021 Commemorative

Goldsmith Money Virtual Mint


To celebrate the recent launch of Daily Telos Blockchain Diaries, the Goldsmith Money Virtual Mint is pleased to announce the release of its first edition – Daily Telos Gold 2021 Commemorative.

Daily Telos Gold 2021 Commemorative – Front

The original Edxseverus design combines exquisite alpha-numeric detail, within a beautifully refined and minted waxy lustre. A true reflective vision, celebrating a conceptual framework for personal reflection and improvement.

The commemorative will be tokenised upon the Telos blockchain, at the AreaX NFT gallery.

Only 20 Daily Telos Gold 2021 Commemoratives will be minted, with an initial sale price of 150 TLOS each

Of the 20, Goldsmith Money intends to purchase the first 8. For distribution among the Daily Telos team and early adopters. The remaining 12 will be available to AreaX collectors.

Daily Telos Gold 2021 Commemorative – Back

We do expect demand to be high – so please be quick to avoid disappointment.

May your life be full of joy, in an open and digital blockchain book.

GOLDSMITH.


via GIPHY


Art by Edx Designs
Links:
https://goldsmith.money/daily-telos/
https://areaxnft.com/
https://media.giphy.com/media/MhGi7YhbaYP24NMCu9/giphy.gif

Diaries and Journals

silver ipad

’10 Surprising Benefits You’ll Get From Journaling’


To achieve financial success, just like any other form of success, you must be willing to sacrifice time in pursuit of your goals. Of course one needs to be effective and efficient in the manner in which the sacrifice is made. Which is where a diary, or a more comprehensive journal, becomes invaluable.

Diaries and journals provide you with structure and discipline; along with focus and clarity – all of which should lead to better time management and more productive outcomes.

Contributor to Huff Post and The Utopian Life, Mr Thai Nguyen, describes the following 10 personal benefits of keeping a daily journal or diary. These are:

  1. Stretching Your IQ.
  2. Evoking Mindfulness.
  3. Achieving Goals.
  4. Enhance Emotional Intelligence.
  5. Boost Memory and Comprehension.
  6. Strengthen Your Self-Discipline; ‘Discipline begets discipline’.
  7. Improve Communication Skills.
  8. Healing.
  9. Spark Your Creativity.
  10. Self-Confidence.

You will find the links to the full article at the bottom of this page.


my secret plan to rule the world book
Photo by Ann H on Pexels.com

Goldsmith Money has understood the financial benefits of a journals and diaries for a long time. However, until now they were best kept in a book or in a digital form you could trust. Well now we have the blockchain. And the blockchain has taken diary and journal storage and maintenance to a whole new level.

We developed Daily Telos as a diary / journal tool for all to use. Built on the Telos blockchain, Daily Telos could be considered public, decentralised and trustless. Your diary can never be lost and it can never be destroyed.

Used as an anonymous public diary or journal you can achieve the 10 benefits outlined by Mr Thai Nguyen, with much convenience.

Used as an open public diary or journal – in addition to the above you might be bridging the gap between traditional journaling and modern social media. By publishing specifics of your targets, trials and achievements you will be publicly bound to your goals – without the tiresome commentary, criticisms and trolls that go with it.

The link to Daily Telos is here.



Getting started on the Telos blockchain is the hardest part – but you will find more information here. And really, this is an easy way to make the leap into blockchain.

As for Telos itself – Telos is a rapidly growing 3rd Generation blockchain, with some very impressive people involved in its ongoing development. Learn more here.

Finally, for those on Telos now – what are you waiting for? Why not jump onto Daily Telos and give it a go today!

Goldsmith.


References and article links.

https://www.huffpost.com/entry/benefits-of-journaling-_b_6648884


Anne Frank

A blockchain diary?


Few diaries are more important to the world than Ms Anne Frank’s. The posthumous release of the personal diary she kept in her family’s secret annex in Amsterdam, helped educate the world to the atrocities committed by Germany’s National Socialist (Nazi) party.

Unfortunately for Ms Frank, she did not survive to publish the diary herself. Ms Frank died of exhaustion in the Bergen-Belsen concentration camp. It was her father Mr Otto Frank who found the diary after the war and in 1947 he had it published.

The following year the United Nations adopted a Universal Declaration of Human Rights, to ensure this type of evil would never happen again. No doubt the diary of Ms Frank played a role in this policy development.


Anne Frank’s Diary


So what if… what if Ms Frank had taken her diary to the world in real-time? What if she could have published her diary whilst in hiding, on a public, decentralised and uncensored blockchain?

Might the world have known about the atrocities sooner?

Might this have changed the duration of war?

Might it have made a rescue mission possible?

Or might it have simply meant that the Nazi’s would have found the family sooner?

In the case of Ms Frank, the answers to these questions will remain an unknown. Simply a debate for historical scholars, for many years to come. There is no doubt however, that the Anne Frank Diary has had a profound impact on the world and so too the life of this young girl.

The question remains though…

What impact will your life story have on the world?

Should you wish your life to have an impact on the world, you must do as all successful people do – keep a personal diary or journal.

On 21 December 2020, we published a story on just this very subject.


Yes, within this website we have constructed a diary system, which is built upon a trustless, decentralised and infallible blockchain – the Telos blockchain.

No more carrying journal books. No more relying on the survival of a digital service provided. No more worry about losing your life’s story to fire or theft. Daily Telos enshrines your life and legacy in digital form, within a public blockchain – forever!!

Highly accessible, easy to use and inexpensive, our digital blockchain diary solution is in a league of its own.

To access the diary, just hit the link below. Once in the main diary interface, you will find links to further information.

Daily Telos Home Page


The hardest part of starting your own diary setting up your Telos account. This information page will assist in this process. However, if you would like further assistance, consider joining us at the Daily Telos Community Group on Telegram – link below.

Daily Telos Community at Telegram

You will find that just one reflective diary entry a day will boost your performance in all aspects of life – and will without a doubt, take your story to the world.

Wishing you a very Merry Christmas.

GOLDSMITH.


References:

https://www.smithsonianmag.com/history/how-anne-franks-diary-changed-the-world-180957215/

https://www.annefrank.org/en/anne-frank/the-timeline




The Diary

The hidden secret of successful people


What do Albert Einstein, Winston Churchill, James Cook, Thomas Edison, Mark Twain and Leonardo Di Vinci all have in common?


If you answered – ‘they all kept a diary’, you would be correct.

A log, a journal, a diary – regardless of what you call it, this document is a ‘tool for success‘.

A daily or event driven diary ensures focus, encourages reflection, fosters improvement and documents achievement.


Albert Einstein’s travel diary to the United States recorded his experiences abroad from November 1930 to June 1931. (Photo: The Hebrew University of Jerusalem)

Whether you are a business executive; a sportsperson; a lawyer; a policeman; an artist; parent; teacher; student; blockchain engineer; or manager of a virtual soccer team – you will never reach your full potential without a diary.

Which is why Goldsmith Money has been relatively quiet on the blogging front for the past 3 months. We have been building a tool for you, the Financial Awakened. We have built for you a personal diary tool, which we call ‘Daily Telos’.

The ‘Telos, known in Ancient Greek as the ‘divine purpose’ seemed a highly appropriate name for this tool. Furthermore, it is also the name of the lightning fast, third generation blockchain our digital diary is built upon.

Yes, within this website we have constructed a diary system, which is built upon a trustless, decentralised and infallible blockchain!

No more carrying journal books. No more relying on the survival of a digital service provided. No more worry about losing your life’s story to fire or theft. Daily Telos enshrines your life and legacy in digital form, within a public blockchain – forever!!

Highly accessible, easy to use and inexpensive, our digital blockchain diary solution is in a league of its own.

To access the diary, just hit the link below. Once in the main diary interface, you will find links to further information.

Daily Telos Home Page


The hardest part of starting your own diary setting up your Telos account. This information page will assist in this process. However, if you would like further assistance, consider joining us at the Daily Telos Community Group on Telegram – link below.

Daily Telos Community at Telegram

You will find that just one reflective diary entry a day will boost your performance in all aspects of life.

Wishing you a wonderful day.

GOLDSMITH.


References:
https://www.fromthegrapevine.com/lifestyle/famous-people-who-kept-journal-albert-einstein-marie-curie-mark-twain-charles-darwin


Draining the Swamp

Is this the beginning of the end?


Politicians enriching themselves through their public positions is nothing new – but it is a crime. It is unethical. And it stealing the very people they have been elected to represent.

It has been rumoured that there are some in Washington DC, who may have been enriching themselves at the expense of the American people. In the past they have been referred to as ‘The Swamp’.

Starting this week – the draining of the swamp went into overdrive.


iPhone text message from Hunter Biden to Naomi Biden on January 1, 2019

‘This text message from Hunter Biden to Naomi Biden describes the ongoing schemes by the Biden Crime Family to ensure the Boss (Joe Biden) receives his share of the family money. This is only the tip of the iceberg.’

https://rudygiulianics.com/

The video below by US Attorney and former New York City Mayor Mr Rudy Giuliani, is a must watch.

The video in conjunction with an alleged hard-drive full of incriminating emails will have massive implications for the upcoming US election. And no doubt for many other players in the US political arena.

We will continue to monitor the revelations as they come to hand. What we are likely to witness, is indeed part of our… Financial Awakening.

The following is a link to Mr Giuliani’s new website where you can access the information for yourself.

Rudy Guiliani’s Common Sense

A great many ‘thanks’ to all the brave people exposing crimes against we the people. In this case ‘thank you’ to Mr Giuliani.

So is this the beginning of the end? Please comment below.

GOLDSMITH



Taurion Cubit Faction Coins

Virtual currency designs for a more beautiful blockchain experience.


The team at Goldsmith Money are excited to unveil our first virtual cryptocurrency series.

In honour of the rapidly expanding blockchain gaming ecosystem Taurion, we have minted our first range of virtual tokens, which we are calling our Taurion Cubit Faction Coins – or Cubit Coins for short.

Cubit is a dark and rich precious metal native to the harsh, yet resource rich planet of Taurion.

Cubit is rare, malleable and remarkably beautiful, making it an ideal medium of exchange on the planet.

Naturally Cubits are highly prized by all 3 factions currently occupying the planet. Their prospectors, miners & craftsmen alike, all strive to amass their cubit fortunes. Not to mention the thieves, raiders and pirates who have also made the planet their home.

Wars will be fought over Cubits and the battles will be rife. For some, Cubits will mean success and wealth beyond measure. For others, cubits will mean a lifetime of failed pursuit and shattered dreams.


Cubit Faction Coins – Series 1 (2020)

Artist – EDX Designs


The Reubo

From the water covered planet of Aquarion, this genetically enhanced race of seafaring villagers, now seek land, minerals and cubits on the desert planet Taurion.

Most certainly out of their watery comfort zone – will Reubo technological prowess be enough secure them success on Taurion?


The Jodon

With a strength forged in the lava pools of Lionis, the Jodon are brutal and uncompromising. Answering only to Baron Vostok himself, the Jodon will do whatever they must to ensure this authoritarian regime thrives in this new world.

Alternatively – could Taurion mean an end to the political class warfare, which has plagued Lionis for so many centuries? Whispers are – a ‘cubit revolution‘ is afoot.


The Ephrati

Their home, the lush forest planet of Verdis, is a vision of beauty within a canopy of death. Both flora and fauna can kill in an instant. Regardless, this final race of Earth descendants, is both enterprising and motivated and have managed to tame the planet and survive.

As proponents of free markets and capitalism, will these masters of trade and commerce be able to overcome the strength and technological superiority of the other two factions? Time will tell. And time has historically been a friend to expanding republics.


Get your own custom Cubits!

These are the Taurion Cubit Faction Coins – Series 1 (2020).

If you would like your own customised cubit coin/s, with your own branding / avatar image on the front – please reply to this post with an expression of interest.

Virtual Mint (GM Virtual Mint)

The GM Virtual Mint webpage is currently in production. We hope to have the catalogue page up and running soon. Here you will find all our customisable virtual currency mintings, for your blockchain business, branding and pleasure needs.

GOLDSMITH


via GIPHY


Learn more about the current Taurion Treasure Hunt here.


Gold on the blockchain

INFINIGOLD: Perth Mint Gold Token


Those of the Financial Awakening appreciate two things – the first is GOLD; the second is BLOCKCHAIN. The merging of the two was simply a matter of time. How this merging would take place was all that needed to be determined.

We thought it would have stemmed from the US. New state based precious metal depositories have been built over recent years. We assumed one of the depositories would have then established themselves on a blockchain. Allowing citizens to transact in gold and silver backed tokens, convertible for the metal held in the depository.

We have no doubt that this will still take place. However, it appears that the first institution to take their gold vault to the blockchain may be Australia’s PERTH MINT.

INFINIGOLD has released its Whitepaper 1.1. In collaboration with the Perth Mint they are taking the GoldPass digital certificate to the Ethereum blockchain, as an ERC20 standard token. The token has been aptly named the Perth Mint Gold Token – or PMGT for short.

Each PMGT token is backed by a 1 ounce GoldPass certificate, which is in turn redeemable for 1 ounce of physical gold at the Perth Mint.

Whilst stored physical gold is not allocated to each certificate, the Perth Mint claim that they have the gold available to meet any redemption request. It is also noted that the mint is guaranteed by the state Government of Western Australia – providing addition credit security.

So what do we make of this?


The PMGT is a terrific development for the cryptocurrency industry!

Tokens backed by physical assets will enhance public perception of cryptocurrency generally, as the tokens are now without doubt, a store of value. In time this should encourage more adoption of the tokens as a medium of exchange, outside of the failing fiat systems.

The PMGT could be good investment vehicle for some – just buy and hold. Though if you want to buy and hold gold – wouldn’t it be better to just buy and hold physical? Perhaps.

PMGT will be available for purchase on selected cryptocurrency exchanges for account holders who have satisfied the necessary KYC identification requirements. This in itself will limit early take-up. Once purchased however, these tokens can be moved onto the Ethereum blockchain to be transferred and traded within.

Redemption for physical gold would need to take place back at a selected exchange. This may not deter interest in the tokens though, as many would not be interested in converting anyway. Instead they may be simply looking to peg some of their cryptocurrency wealth to the price of gold – and the PMGT may be an ideal solution.

However, if the desired purpose of the token is everyday trade – forget it. A single transaction on the Ethereum network is costing as much as $US20 at present. The network is being pushed past capacity by the current exploding DeFi demand. The high transaction costs and network limitations will crush any chance of PMGT replacing fiat currency as an exchange medium.

In many ways it is a shame InifiniGold selected the slow and overworked Ethereum network to build their product on. There are so many other options now. In fact, one of our two favourite blockchains, Telos, is already capable of running thousands of transactions per second, with all transactions being feeless.

Furthermore, the Ethereum Virtual Machine (EVM) is built upon Telos, allowing token developers to continue to use their Ethereum style coding, on this profoundly more capable public ledger.

In the end…

the PMGT is certainly a step in the right direction, on the path to Good Money.

You can find more information on the PMGT here.

Have a wonderful weekend all.

GOLDSMITH



Looking for more information on GOLD, try…

And for more information on BLOCKCHAIN, try…

Random Hierarchical Representative Government

Is a new political system the only fix for democracy?


For many of the Financial Awakened – the problems in society are stemming from the obvious. There is a political and bureaucratic swamp engulfing the world. They are enriching themselves and their masters, but at the expense of the working middle-class and underprivileged.

Simple!

There are some who want to drain the swamp. A noble cause indeed. However, what if the swamp cannot be drained?

What if our political system, the Democracy we treasure so deeply – is itself, deeply broken? Broken to such an extent that change is now impossible. Corrupted beyond all chance of repair.

Is it time we had a new form of Government?


This is the theme behind a recent and thought provoking publication by Mr Daniel James Larimer (Dan for short).

For those who don’t know Dan, Dan is a blockchain engineer. He is not just any engineer though. He is the mastermind and builder of the Delegated Proof of Stake (DPOS) concept and protocols.

Dan has been ultimately responsible for 3 generations of DPOS blockchain development. First BitShares, then Steem a popular social media blockchain and now the third generation EOSIO utility blockchain.

Bitshares and Steem were both highly successful in their day, always abuzz with activity.

Currently the two most active blockchains in the world (accordingly to blocktivity) are EOS and Telos – both based upon Dan’s DPOS EOSIO protocol.

I mention Dan’s history to ensure that you fully understand that this is one self-made and HIGHLY INTELLIGENT individual.

Just as important in Dan’s resume however, is his staunch and long time advocacy for individual liberties, free markets, property rights and small government.

In his article titled (perhaps controversially) ‘Can we end riots with a new kind of Government?’, Dan highlights the critical failings of the current political system in the US – which we deem to be applicable to most Western nations.

Dan lists some of the factors responsible to for the failings and these include:

  1. Gerrymandering, effectively permanently captures a district for a party
  2. Major parties don’t have to be democratic (or accountable) and make their own rules and they change them every time an outsider (e.g. Ron Paul or Bernie Sanders) threatens the elite’s choice.
  3. Media and parties control the discussion of who is eligible for masses to consider.
  4. Incumbent advantage leads to re-election of people with 20% approval rating!
  5. Campaign finance that favors celebrities and big spenders.
  6. Debate about people and not about policy.

All valid criticisms of the current political system of course.

If Dan had of left it at that, this would be the end of the discussion. However, in the usual helpful style of any good engineer, Dan has offered the world a potential solution, based around a whole new political system.

Dan has named this system –

Randomized Hierarchical Representative Government


Let us refer to this system as RHRG for short.

Dan outlines the basic process as follows:

  1. Randomly assign people to small groups (~10 people)
  2. Each group must select a representative from their members with 8/10 approval.
  3. Randomly assign selected representatives to small groups (~10 representatives)
  4. Repeat 

Dan continues:-

Every election season would start with people assigned to different random groups. 

Under this process:

  • incumbents would have no power as any single group of 10 people could prevent an incumbent from advancing.
  • Celebrities have no power because you can only vote for people in your group.
  • Identity politics has no power, because you can only vote for those in your group.
  • Special Interests have no power, because there are no long-term relationships with incumbents and 8/10 must agree.
  • Vote fraud has no power, because how can you cheat a vote of 10 people?
  • Political Parties have no power, because you must reach consensus on a representative with 8/10 people.
  • Campaign finance has no power, because the only people you have to communicate with are the people in your group(s).

In a country with 100 million eligible voters, each group of 10 could be given 30 days to discuss and reach consensus on a representative and it would take at most 8 months to pick a president and a hierarch of people under them.  Each step in the process eliminates 90% of the candidate’s.

The output of such a system would be a form of government which should represent the will of the people (to the extent such a thing exists). The system is neutral with respect to political opinions regarding the size/scope of government. It is neutral to Republican and Democratic opinions. It is neutral with respect to race, money, religion, abortion, war, etc.

What are the benefits of this system?

Dan goes on to discuss historical instances of small group voting for representatives up a hierarchy and the advantages and potential drawbacks of RHRG. As you come here for the Goldsmith Money opinion however – here goes.

Assuming a grassroots movement could gain enough moment to usurp the current democractic system – RHRG would indeed lead to:

  • A higher quality of political representative.
  • A better majority representation on important issues.
  • Lower levels of political interference from unions and other special interest groups.
  • Lower levels of media interference in the election process.
  • Less power for minority interest groups holding the majority (and sometimes all of society) to ransom.

However, the first drawback to spring to mind what that there could be a loss of continuity, political memory and experience. This could be detrimental to the outcome – particularly in the short term. This disadvantage could be easily overcome by staggering implementation and term commencement.

To his credit – Dan briefly mentioned this above failing and offered a similar solution, along with countering a few more potential criticisms of RHRG.

To conclude, Dan briefly discusses some of the amazing new technologies which could be utilised to ensure the successful implementation and management of this proposed political system.

So does RHRG have merit?

Certainly!

But that does not mean that we do not seek the opinion of other thought leaders in the libertarian establishment.

Mr Douglas Horn, chief architect of the governance enhanced Telos blockchain (mentioned previously) offered Goldsmith Money a technical dissertation on the RHRG proposal.

We will go into the full details of Mr Horn’s review in a followup article in a week or two. In brief though, Mr Horn states.

The tyrannies Dan Larimer mentions in his article about Randomised Hierarchical Representative Government will feel quite tangible to anyone paying attention to American politics of the past century or more.

However –

Mr. Larimer’s excellent treatise on a new look at electoral processes would be better served by proposing that we first show the value of this Randomised Hierarchical Representative Government through other means.

Unfortunately, you will need to wait for the full story.


At the very least… RHRG is worth discussing.


You can find Dan’s full article here on the new blockchain based social media platform – Voice.

Dan states that if we want change ‘the first step is to raise awareness of a new form of representative government.’

We at Goldsmith Money have taken our first step – we have started a conversation and created awareness. The question now – what will you do?

Please be sure to subscribe to Goldsmith Money updates here; along with our YouTube channel for all manner of discussion – monetary, blockchain, gaming or otherwise.

Be well friends.

GOLDSMITH.


Looking for more on politics, try The Political Pendulum – it is sure to put a few political ideologies in perspective.

What is DeFi?

happy young couple doing purchase on internet together at home

And is it the hottest ticket in cryptocurrencies?


According to an article by Mr Jeremy Eng-Tuck Cheah, published in The Conversation, on 26 August 2020… it very well could be. Link here.

DeFi stands for Decentralised Finance and according to Mr Cheah, this financial industry has grown from US$2.1 million to US$6.9 billion in the past 3 years.

DeFi refers to and I quote…

… financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead.


happy young couple doing purchase on internet together at home
Photo by Andrea Piacquadio on Pexels.com


DeFi smart contracts began with the Ethereum blockchain network and have now evolved into much, much more – encompassing a wide range of blockchains and decentralised applications (Dapps).

Lending, trading, cross-platform trading, derivatives, currency pegging and hedging are all being done within smart contracts; and, are but some of the use cases.

In a recent announcement by the Telos blockchain – they will be providing the infrastructure to tokenise a EURO 30 million property in Croatia. In partnership with Dapp development platform Katalyo and other stakeholders, they plan on tokenising both the property ownership and the rental revenue income. Another new example of DeFi in action. Article here.



In a YouTube broadcast last week (embed below) we discuss both the above articles and the financial opportunities that continue to arise in the blockchain and cryptocurrency industry.

Enjoy the video and remember the term – DeFi. For you will be hearing it more over the years to come.

GOLDSMITH.




What is Blockchain?

Check out one of our recent blogs on just this topic.



Cryptocurrency Tokenomics

Understanding the economics of the blockchain.


Previously we have discussed the characteristics of Good Money and the reasons that Cryptocurrency could be considered Good Money.

The value of a cryptocurrency is derived from what has been coined, its ‘Tokenomics’. A portmanteau of the words ‘Token’ and ‘Economics’.

The tokenomics of a cryptocurrency consists of a large range of inputs, all of which impact its value in the decentralised market place. Inputs with respect to the characteristics of Good Money include:

  • Number of tokens in existence – Scarcity.
  • Energy inputs into token creation – Difficult to create.
  • Number of users / transaction frequency / future use potential – General Acceptability.
  • Security of chain and code – Indestructibility.
  • Level of annual token inflation – Scarcity.
  • Level of decentralisation – Trustless (level of third party risk).
  • Wallets and associated infrastructure – Portability / General Acceptability.
  • Quality of the development team who are driving the use cases and chain growth – General Acceptability.

For various reasons blockchain will change their tokenomics and in these cases, you, the Financially Awakened – will sit down and work through the changes.

Increasing inflation will place downward pressure on token prices. Burning tokens on the other hand, (permanently removing tokens from circulation), will have the effect of increasing the price of the remaining tokens.

Let’s take a look at a current scenario – the Taurion Burn Sale.



Last night we examined the proposed tokenomics changes for the XAYA blockchain in a Goldsmith Money YouTube review. Embed below.

Whilst it is not possible to put an exact price on a token, now or in the future – it is possible to get an understanding on how different stakeholders will be impacted and the possible directions the token prices might take – ceteris paribus (all other things being equal).

Enjoy the video. And if you feel you would like to discuss the matter of blockchain tokenomicsl or, the XAYA Taurion Burn Sale – please drop a comment below. You can also read more about the Taurion Burn Sale here.

Otherwise, warm up those gaming chairs, because things are about to get rather hectic in the blockchain gaming space. Final testing on Taurion and Soccer Manager Elite is merely days away – and then human mining will begin.

Be well.


GOLDSMITH.