Monday 27 March 2017

Donald Trump's Net Worth falls $200 Million since election - Forbes


Forbes estimates that president Donald Trump is worth $3.5 billion -- $200 million poorer today than he was before the election and 220 spots lower, to number 544, on the worldwide rankings.

According too Forbes, forty percent of Donald Trump's fortune is tied up in Trump Tower and eight buildings within one mile of it. What happens in that micromarket does more to affect the net worth of Donald Trump than anything else in the world. 
 
Lately, the neighborhood has been struggling (relatively speaking). Net operating profits have fallen at Trump Tower. Nike, the lone tenant at the Trump-owned Niketown, just signed a reported $700 million deal in December for a spot a few blocks south, suggesting its days at its current location may be numbered.

Trump’s cash pile took a hit as well. Public records show that he donated $66 million to his presidential campaign, 19% of its total budget. Ten days after he won the election, he settled a lawsuit over Trump University, which prosecutors say swindled millions from its students, for an additional $25 million. Assuming Trump sold off all of his stocks during last year’s campaign, as he has claimed, the president likely missed out on the “Trump rally” that has lifted the stock market roughly 10% since his election. 

The average billionaire saw his or her wealth grow by 16% since last year's Billionaires list; Trump's fell by 22% over that same time period.
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The Value of Cryptocurrency Today And What The Future Might Hold

Image result for the future of cryptocurrency
Unlike traditional currency, determining the value of cryptocurrency and electronic cash is a bit tricky. As the CTO of a company that's working to make online payments easier, I can understand why so many within the global business, legal and political environments are struggling with the concept.
The U.S. dollar, for example, has its value determined by the exchange rate, treasury notes and measurement against foreign exchange reserves. As Joe Weisenthal explains in Business Insider, the dollar has “intrinsic value” because it’s the only currency that the government accepts, and it's what the public uses for commerce. Similarly, gold has intrinsic value because it can be used for jewelry.
Cryptocurrency such as bitcoin doesn’t have the same luxury. While it’s true that cryptocurrency has numerous benefits, none of that explains the actual price of coins. And it only gets more complicated when attempting to define what exactly bitcoin tokens are.
Venzen Khaosan explains on CryptoCoinsNews: “Bitcoin’s value is a perceived regard for its benefits and usefulness. The term value, as used here, is not to be confused with price, which is the monetary cost of a bitcoin. The use and consequent value of Bitcoin is a result of many aspects of its innovation, its network, and its features.”

How to Value Bitcoins
The value of bitcoins can be determined in different ways. For example, regarding their scientific value, coins have solved the Two Generals Problem. (This was a thought experiment devised to illustrate how challenging it is to coordinate an action by communicating over an unreliable link, and the first computer communication problem thought to be unsolvable.)
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CommunityVoice: How The Bitcoin Protocol Works
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Beyond their scientific value, coins have technological value in that they are censorship resistant and can’t be shut down. They also have social value because they use public ledgers and decentralized systems, which removes the need for a trusted third party for transactions.
There is also significant design value in using them as currency, secure storage and a decentralized public ledger, and the cryptocurrency model encourages community contribution and collaboration. Other areas of value with coins relate to their network value, contract and application value, and their transmission and storage value, as they work for all of these things.
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