|Developer(s)||Team Daniel Bruno|
SwiftCoin is a cryptocurrency using peer-to-peer, blockchain, proof-of-work and encrypted mail application developed by Team Daniel Bruno since 2011. 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.
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.
Intellectual Property and Notability[edit | edit source]
On July 9, 2013, the United States Patent and Trademark Office USPTO granted Daniel Bruno, CMT the SwiftCoin trademark. Reputable third party sources with no affiliation to SwiftCoin recognize it as one of the first five cryptocurrencies in existence.SwiftCoin is also mentioned in the book Blockchain Quick Reference: A guide to Exploring Decentralized Blockchain, written by Brenn Hill, Samanyu Chopra and Paul Valencourt.
In theory, the value of a SwiftCoin is a function of the caloric energy required to produce x amount of electricity. In 2014, the United States Patent and Trademark Office granted Daniel Bruno, Chartered Market Technician, the first known patent for any cryptocurrency in the world. In practice, the daily price of SwiftCoin is set by supply and demand on several cryptocurrency exchanges.Currency swaps for fiat money support SwiftCoin and the amount of SwiftCoin in circulation is elastic. Dynamic money supply reduces cryptocurrency volatility as per the four white papers published by Daniel Bruno, CMT in 2014 and downloaded over 3600 times.Because the SwiftCoin blockchain explorer is not public, SwiftCoin transactions are more anonymous than bitcoin transactions. The SwiftCoin cryptocurrency wallet in Linux and Windows shows proof-of-work confirmations in real time, permitting users to confirm receipt of SwiftCoin by a certain wallet address. The SwiftCoin Android application does not show more than one confirmation on the blockchain. In contrast to bitcoin, SwiftCoin is not mined and hashing difficultydoes not affect value.
History[edit | edit source]
In September, 2016, the bounty was increased to US$30,000. As of this writing, no one has claimed the SwiftCoin hack prize.
In 2015, Chartered Market Technician Daniel Bruno 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, CMT 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.
John McAfee SwiftMail[edit | edit source]
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. 
Cofres Bitcoin company[edit | edit source]
In 2014, in Uruguay, New York born Daniel Bruno, CMT 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.
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.
In 2015, Daniel Bruno, CMT 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.
Forex trading and prediction markets[edit | edit source]
In 2011, SwiftCoin became the first digital currency traded on a forex exchange. The forex company was called FNIB and was later reorganized as Fx Pro Bitcoin www.fxprobitcoin.com. Fx Pro Bitcoin is the oldest continuously running bitcoin and forex exchange. In 2017, the Cyprus based FX Pro Financial Services www.fxpro.com sued www.fxprobitcoin.com claiming infringement of its ownership of the term "fxpro." Internet domain name authorities in Switzerland have not reached a final decision while an Argentina lawsuit is still pending.
See also[edit | edit source]
References[edit | edit source]
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- "Swiftcoin Encrypts Mail, Makes Every Sender Unique Every Time". hpub.org. Retrieved 6 July 2017.
- Leung, Angus (30 Dec 2016). "John McAfee to Make Email Systems Great Again With Blockchain". Coin Telegraph. Retrieved 16 Oct 2018.
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- "SWIFTCOIN ELECTRONIC MONEY. US Patent 13/341,948 Date: 2011-12-31 Daniel Bruno". hpub.org. Retrieved 23 October 2018.
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- Olupot, Nathan Ernest (4 April 2016). "The John McAfee $20,000 SwiftCoin Hack Challenge". Retrieved 6 July 2017.
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- "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.[dead link]
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- "John McAfee Launches Encrypted Email On Blockchain Technology -". Coinivore. 20 August 2015. Retrieved 16 Oct 2018.
- Fletcher, Katherine (21 Aug 2015). "John McAfee SwiftMail using blockchain to replace email". CoinReport. Retrieved 17 October 2018.
- Jenn, Author Sarah (19 August 2015). "John McAfee SwiftMail: Using Blockchain Technology for Email Verification". News BTC. Retrieved 16 Oct 2018.
- Finextra (5 June 2014). "Cofres Bitcoin introduces Uruguay-based safety deposit boxes". Retrieved 6 July 2017.
- "AngelList". angel.co. Retrieved 6 July 2017.
- "Cofres Bitcoin Now Offers Offshore Numbered Safety Deposit Boxes". ambankers.net. Retrieved 6 July 2017.
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- "Bitcoin Shop Cofres Bitcoin Gets Smashed by a Car in Alleged". hpub.org. Retrieved 6 July 2017.
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