This is an intro to an immensely successful, professional, and in business terms, a valuable company that I initially invested in at ICO time, HIVE.  I didn’t invest a significant amount of money but still asked an excellent whale friend what he thought first.  He told me how stupid it was and how they would fall apart.  I explained how this business model and the case is already in use, but lacks an adequate creditworthiness tracker and also doesn’t have the flexibility.  He told me to go ahead if I didn’t mind throwing away the money.  A little beaten down that I would fall for such a bad idea.  Well, I did it anyway, and I couldn’t be happier.


You may be wondering what prompted me to disregard the advice of a long-time friend and individual who made millions from their intellect in crypto.  I followed the rules.

#1 Never expect to make money when using emotion.

#2 If the White Paper explains mid-level technical details and is well written, look deeper.

#3 Do the admins respond to questions on their chat channel? (Telegram, Slack, etc.)

#4 Is there an existing Business use or a solid case for them to work?

#5 Is the team real? (Check their LinkedIn profiles, are they real people?)

#6 Is their project achievable? (I don’t care what you’ll get done in 10 years, businesses need a profit now, not when we’re all half android.)

#7 Can I keep the token in a real wallet, or does it require some unique, potentially non-secure custom wallet?)


Following my first rule, I threw all that emotion out the window and moved with a project that I saw legitimate value to the retail business community in Invoice Financing.  I analyzed the White Paper; seeing all the technical material in there and understanding about half, I felt pretty good and was able to read it.  Readability is essential as it goes to show the project owners dedication.  The admins were incredible when I reached out on Telegram and Slack.  International credit for retail outlets is routine business.  As a sporting goods store needs to get its winter line-up of gear and clothing, they have 3-4 months to pay for that equipment from a factory, probably in China.  This payment must be made as companies aren’t in the business of loaning their product, they need to buy more materials and pay their employees.  There are times when the factory needs the money faster, 3-4 months on a significant order just isn’t going to cut it.  Now, they can sell that invoice, get paid right now, in exchange for a little bit of interest, and the invoice buyer then makes a profit when the retailer pays.  With HIVE, now anyone can lend that money, and the store’s credit is easily tracked with all previous transactions, payments or missed payments included.  This all goes into a credit score, which isn’t so easily manipulated like typical businesses.  Now the people behind the companies are tracked as well.  No more changing names behind a failing business, the world is watching.

So what is HIVE made of?

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Unusual Movements in the Business Market with BlockChain


We’re finally seeing what the hopeful few have been talking about for years, business adoption of crypto.  An ICO I thankfully invested in early in 2017, HIVE is doing incredible.  Now my wife asked I look into something called Banana Coin.  If you’re at all like me, you immediately assume this is another trash token made as a joke by someone to see how much money they can get from morons.  It turns out; this is in my mother-in-law’s home province.  A company has been growing bananas in Vientiane, Laos for approximately three years now since early 2015 and they want to expand.  I don’t know much, anything, about commodity stocks, but this token seems to have a legitimate purpose very similar to the conventional investment arena.  Their ICO is ongoing and from my perspective is a community service with potential for profit.banana coin


Banana Coin

This is by far the most straightforward token I’ve ever had to explain.  One token represents 1 Kilogram of bananas from the company.  Seriously, that’s it.  Their primary export market is China, which we all know is economically growing at near the speed of the U.S. during the 1950’s.  The token can be exchanged for bananas on site, but also allows for trade just like the wheat or oil market.  It is important to note that commodity markets can be extremely volatile.  For instance, if China decides to place an embargo on Laos, there is nothing we can do but cry.  As the primary market, the company would likely fail, and this token would become worthless.  If China puts some economic help in place to encourage more importation of bananas from Laos, we may see a massive spike in price.  The only reason to hold this token is in hopes of a big price spike.  There is also no guarantee that it isn’t a scam.  Just because they say they will accept the token for bananas doesn’t mean the company will after they get enough money to buy the land they want.

Bottom line, if you have the money, want to take the gamble of potentially doubling it, and want to support a growing 3rd world economy, throw some money at it.  If that isn’t you, then I’d advise staying clear.  Until I see some more documentation and communications from the company, this remains at a C, invest at your own risk.  I threw in .5 ETH, but only because I can afford to lose it, not because I NEED the potential double or triple profits.

My referral link if you want to invest AND support the show:

Business is shifting

You might be wondering why I’m talking to you about a commodity token, and especially bananas.  This goes to show the ever-shifting crypto market and the adaption of business to it.  We’re starting to see the international market adopt crypto.  This brings me to our next spotlight, HIVE.  They have done for companies the other side of what PROOF has done.  As a business, PROOF allows you to tokenize and ensure your business with ease.  HIVE, on the other hand, will enable you to get a loan, give credit, or accept loaned crypto in exchange for retail products.  After the transaction complete, you are rated.  This process, without the rating, is incredibly typical in the retail industry, but HIVE has taken it a step farther.




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