SwiftCoin

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SwiftCoin is a cryptocurrency using peer-to-peer, blockchain, proof-of-work and encrypted mail application developed by Team Daniel Bruno since 2011.[1][2][3][4][5][6] It is a proprietary alternative to Bitcoin using similar blockchain technology.

It uses 256-SHA elliptical encryption. The name SwiftCoin derives from the SWIFT banking network, but is not associated with it. Unlike Bitcoin, SwiftCoins can not be mined. SwiftCoin is brought into existence upon the redemption of interest and principal of Solidus Bonds.[7]

In theory, the value of a SwiftCoin is a function of the caloric energy required to produce a quantity of electricity. This functionality has been patented by Daniel Bruno, CMT. The price of SwiftCoin is set by supply and demand in the open market. Currency swaps support the currency. The amount of SwiftCoin in circulation is elastic. Dynamic money supply reduces volatility.[8]

Both SwiftCoin and Solidus Bonds are proprietary, not open source. The blockchain ledger is not public. The SwiftCoin cryptocurrency wallet shows proof-of-work confirmations in real time.[9][10][11]

History[edit]

On July 9, 2013, the USPTO granted Daniel bruno a trademark for SwiftCoin and on November 25, 2014, the Patent and Trademark Office in the United States granted Daniel Bruno a patent for SwiftCoin.[12][13][14][15]

In March, 2016, Team Daniel Bruno announced a US$10,000 reward to any hacker who could break SwiftCoin and John McAfee SwiftMail encryption. The contest ended on April 1, 2016 without winners.[16][17]

In April, 2016, Team Daniel Bruno increased the bounty to US$20,000. The contest expired on April 30, 2016, without any winners.[18][19]

In September, 2016, the bounty was increased to US$30,000. As of this writing, no one has claimed the SwiftCoin hack prize.[20]

On July 25, 2016, SwiftCoin became available on Android at the Google Play Store as “John McAfee SwiftMail.” SwiftCoin can be used on Windows and Linux.[21]

An iPhone app is under development. The SwiftCoin wallet is made for ease of backup and physical transportation via pen drive.[22][23][24]

In 2015, Chartered Market Technician Daniel Bruno[25] published a series of papers advocating the substitution of digital currencies for dollars in commodities trading. In Digital Currency Trading and the Law of One Price, Daniel Bruno argues that Bitcoin is too volatile for commerce. Instead, commodity sellers should offer their products in decentralized digital currencies not subject to regulation by central banks.[26][27][28][29]

John McAfee SwiftMail[edit]

The SwiftCoin blockchain allows for an optional mail and mail attachment along with a payment equal to or greater than 0.001 SwiftCoin. The round trip cost to send and receive a payment and mail attachment is zero. In 2015, the SwiftCoin Android app began to be marketed as John McAfee SwiftMail even though John McAfee has stated publicly that is not involved in the project.[22][23] [30][31][32]

Cofres Bitcoin company[edit]

In 2014, in Uruguay, American Daniel Bruno opened the world’s first safe deposit box franchise to use randomly generated, alpha numeric SwiftCoin wallet addresses to identify the owners of rented safe boxes.[33][34][35][36][37][38][39][40][41]

The facility was an over the counter SwiftCoin, bitcoin and alt-coin exchange hub, offering a secure and public place to buy and sell digital currencies for fiat money as well as precious metals.[42][43][44][45][46]

In 2015, Daniel Bruno shut down the operation after a driverless car slammed into the Montevideo flagship facility, shattering over 600 kilos of heavy storefront glass. Security video showed the driver bail out of the vehicle before impact. No one was injured.[47][48][49][50][51][52]

Forex trading and prediction markets[edit]

In 2011, SwiftCoin and bitcoin became the first digital currencies to be used to fund accounts for trading in forex, gold and silver.[53][54]

See also[edit]

References[edit]

  1. ^ "BNAK Launches Swiftcoin, Electronic Currency that is Safer Than Cash". www.businesswire.com. Retrieved 6 July 2017. 
  2. ^ "Swiftcoin Telegram promises secure email communications - Max Keiser". www.maxkeiser.com. Retrieved 6 July 2017. 
  3. ^ "Non-email Encrypted Mail System: The Swiftcoin Telegram". hpub.org. Retrieved 6 July 2017. 
  4. ^ "Swiftcoin Equals Free, Encrypted Communication". hpub.org. Retrieved 6 July 2017. 
  5. ^ "Swiftcoin Encrypts Mail, Makes Every Sender Unique Every Time". hpub.org. Retrieved 6 July 2017. 
  6. ^ https://coinreport.net/first-national-bnak-exchange/
  7. ^ "Swiftcoin encrypted telegrams". hpub.org. Retrieved 6 July 2017. 
  8. ^ "What the Heck is Swiftcoin? Get the PDFs Part 1 - Swiftcoin Forum". www.swiftcointalk.org. Retrieved 6 July 2017. 
  9. ^ Staff, Gizmo Times (4 May 2017). "The Best Bitcoin Alternatives - List of Altcoins / Cryptocurrencies to consider". Retrieved 6 July 2017. 
  10. ^ "John McAfee to Make Email Systems Great Again With Blockchain - Blockchain Age". 6 January 2017. Retrieved 6 July 2017. 
  11. ^ "SwiftCoin, 古巴的第一种数字货币 - 比特币资讯网(Bitcoin86)-读懂区块链与数字货币-区块链技术-虚拟货币资讯". www.bitcoin86.com. Retrieved 6 July 2017. 
  12. ^ "Apply for a Trademark. Search a Trademark". trademarkia.com. Retrieved 6 July 2017. 
  13. ^ "SWIFTCOIN ELECTRONIC MONEY. US Patent 13/341,948 Date: 2011-12-31 Daniel Bruno". hpub.org. Retrieved 6 July 2017. 
  14. ^ "System and method for providing debt securities denominated in virtual currencies". Retrieved 6 July 2017. 
  15. ^ "System and method for exercise based power generation and virtual currency reward program". Retrieved 6 July 2017. 
  16. ^ "SwiftMail creators offer $10K bounty hack Bitcoin inspired messaging service » Brave New Coin". bravenewcoin.com. Retrieved 6 July 2017. 
  17. ^ "John McAfee Swift Mail". Gust. Retrieved 6 July 2017. 
  18. ^ Olupot, Nathan Ernest (4 April 2016). "The John McAfee $20,000 SwiftCoin Hack Challenge". Retrieved 6 July 2017. 
  19. ^ "比特币债券悄然问世 - 互联网金融门户 未央网". Retrieved 6 July 2017. 
  20. ^ "The John McAfee $30,000 SwiftCoin Hack Challenge - Swiftcoin Forum". www.swiftcointalk.org. Retrieved 6 July 2017. 
  21. ^ "John McAfee SwiftMail - LetsVenture". letsventure.com. Retrieved 6 July 2017. 
  22. ^ a b "John McAfee SwiftMail 3.0". Download.com. Retrieved 6 July 2017. 
  23. ^ a b "区块链进军邮箱领域:杀毒软件McAfee将使用区块链技术代替传统邮件系统 - 共享财经:区块链门户,金融科技第一站". www.gongxiangcj.com. Retrieved 6 July 2017. 
  24. ^ "Our SwiftMail App is at Google Play". 26 July 2016. Retrieved 6 July 2017. 
  25. ^ "John McAfee SwiftMail". F6S. Retrieved 6 July 2017. 
  26. ^ "Digital Currency Exchange Rates and the Law of One Price - Swiftcoin Forum". www.swiftcointalk.org. Retrieved 6 July 2017. 
  27. ^ "Introduction to Solidus Bonds - Swiftcoin Forum". www.swiftcointalk.org. Retrieved 6 July 2017. 
  28. ^ "Swiftcoin: We AreTalking w/ Chinese VCs on Our Bitcoin Bonds". 15 June 2015. Retrieved 6 July 2017. 
  29. ^ "Making the Banks and Credit Agencies Obsolete: Swiftcoin for Oil. English PDF - Swiftcoin Forum". www.swiftcointalk.org. Retrieved 6 July 2017. 
  30. ^ "John McAfee Launches Encrypted Email On Blockchain Technology -". 21 August 2015. Retrieved 6 July 2017. 
  31. ^ https://coinreport.net/john-mcafee-swiftmail-using-blockchain-replace-email/
  32. ^ Jenn, Author Sarah (19 August 2015). "John McAfee SwiftMail: Using Blockchain Technology for Email Verification". NEWSBTC. Retrieved 6 July 2017. 
  33. ^ "Swiftcoin, Bitcoin, Cofres Bitcoin, Get the PDFs - Swiftcoin Forum". www.swiftcointalk.org. Retrieved 6 July 2017. 
  34. ^ "Uruguay has Cofres Bitcoin providing offshore safety deposit boxes - Max Keiser". www.maxkeiser.com. Retrieved 6 July 2017. 
  35. ^ "Bitcoin swap, cash for bitcoin, Better than Localbitcoins". hpub.org. Retrieved 6 July 2017. 
  36. ^ Finextra (5 June 2014). "Cofres Bitcoin introduces Uruguay-based safety deposit boxes". Retrieved 6 July 2017. 
  37. ^ "For Sale: Cofres Bitcoin Facility In Montevideo, Uruguay - Offshore Safe Deposit Boxes". www.offshoresafedepositboxes.com. Retrieved 6 July 2017. 
  38. ^ "Cofres Bitcoin Gold Bullion, Silver Storage and Swiftcoin Numbered Safe Deposit Boxes for Rent". 2 September 2014. Retrieved 6 July 2017. 
  39. ^ "AngelList". angel.co. Retrieved 6 July 2017. 
  40. ^ "Cofres Bitcoin. Cash Bitcoin Swap Point. Gold, Silver". hpub.org. Retrieved 6 July 2017. 
  41. ^ "Cofres Bitcoin Now Offers Offshore Numbered Safety Deposit Boxes". ambankers.net. Retrieved 6 July 2017. 
  42. ^ "Abre en Montevideo la primera tienda para el intercambio de Bitcoins de Latinoamérica". Retrieved 6 July 2017. 
  43. ^ "Noticias Bitcoin del día: 15 Mayo 2014 - Bitcoin en Español". 15 May 2014. Retrieved 6 July 2017. 
  44. ^ "Noticias Bitcoin del día: 15 May 2014 - Litecoin España". 15 May 2014. Retrieved 6 July 2017. 
  45. ^ "El oro en la red - Brecha". 30 July 2015. Retrieved 6 July 2017. 
  46. ^ "World's First Bitcoin Brick and Mortar Swap Point to Open in Uruguay - BtcBitcoinNews.com". www.btcbitcoinnews.com. Retrieved 6 July 2017. 
  47. ^ "Cofres Bitcoin Vs Fiat 600". Retrieved 6 July 2017. 
  48. ^ "Bitcoin Shop Cofres Bitcoin Gets Smashed by a Car in Alleged". hpub.org. Retrieved 6 July 2017. 
  49. ^ "Bitcoin Shop Cofres Bitcoin Gets Smashed by a Car in Alleged Accident - WHAT REALLY HAPPENED". news.whatreallyhappened.com. Retrieved 6 July 2017. 
  50. ^ thatr; omc; idate (13 June 2015). "Bitcoin Shop Cofres Bitcoin Gets Smashed by a Car in Alleged Accident". Retrieved 6 July 2017. 
  51. ^ "Global Elite Banksters Take Out Bitcoin Exchange (Video) :: The Last Great Stand". Retrieved 6 July 2017. 
  52. ^ "Así amaneció un local comercial de Plaza Independencia". 10 June 2015. Retrieved 6 July 2017. 
  53. ^ "Bitcoin's Loss is Swiftcoin's Gain". Retrieved 6 July 2017. 
  54. ^ "Swiftcoin Competes with Bitcoin at FNIB.co". Benzinga. Retrieved 6 July 2017. 

External links[edit]