Unwired

29/11/2017

https://vyral.network/bounty/?vyralkey=%200x06838954F8b29CD09cb85cCf4e1286F7008c70dD

15/11/2017

Indian government can’t figure out how to regulate Bitcoin, courts step in.

15/11/2017

Digital Trust has arrived.

Your credit history may soon be replaced by a 'life score', determined by your Airbnb reviews and choice of Facebook friends.

08/09/2017

Bitcoin Lovers

07/09/2017

A beautiful short film...

28/08/2017

Russia Backpedals On Cryptocurrencies:

Alexei Moiseev, Russia’s deputy finance minister, has said that: “There is a point of view that such cryptocurrencies as bitcoin is a financial pyramid.”

In an interview with the state-owned Russian language television channel, Russia-24, Moiseev raised concerns from the Ministry of Finance. In particular, Moiseev alluded to two types of risks, one being a risk to consumers: “Now people do it at their own peril and risk, they have no judicial protection. This is our first task.” Moiseev also discussed the risks of money laundering and the inadequacies of current anti-money laundering mechanisms.

Further comments from Moiseev seemingly propose regulations for cryptocurrencies being allowed only for qualified investors. Moiseev further stated that this approach was discussed by the ministry of finance with both the Russian Central Bank as well as the Moscow Stock Exchange. Should such an approach be implemented, the sale of cryptocurrencies to private individuals could be banned in favor of alternatively selling cryptocurrencies via the Moscow Stock Exchange under the careful supervision of the Rosfinmonitoring.

The deputy minister’s comments come on the heels of announcements by state-sponsored mining company, Russian Miner Coin (RMC), which is co-owned by one of Vladimir Putin’s internet advisors and has aims to raise the crypto equivalent of $100 million. RMC is largely believed to be an effort by the Russian government to challenge China’s bitcoin supremacy and help Russian entrepreneurs gain footholds in the technology.

While it remains unclear if the Russian government will act to prevent non-qualified investors from purchasing cryptocurrencies, if action is taken, it might resemble previous instances where the Russian government blocked websites for cryptocurrency exchanges. Previous comments from the Russian government about creating a national cryptocurrency, which would likely have more market freedom, provide some understanding of how cryptocurrency regulation is taking shape in Russia.

Interestingly, Russian entrepreneur Pavel Durov took to his social media platform VK to comment on the remarks by Moiseev. Per Durov: “instead of seizing the chance to make the world more balanced and, together with Japan and other Asian countries, recognizing the status of the new digital currencies that are replacing the dollar, the voices of ‘let’s forbid and limit’ are heard from the Russian government.”

JORDAN DANIELL

22/08/2017

In this video I explain why the economic code of Bitcoin is so important and why we may see a flip to Bitcoin Cash or something other than Bitcoin Legacy bec...

14/08/2017

Goldman Sachs says bitcoin may rise about $500 more, before losing half its value.👈

Bitcoin's latest leap higher brings the digital currency closer to a top, Goldman Sachs' chart analyst said.

30/07/2017

Invention we all were waiting ...

25/07/2017

What every Bitcoiner should know about "Bitcoin cash”.

On August 1st 2017, We the People will breathe new life into Bitcoin.

A group of miners, developers, investors, and bitcoin users will upgrade the Bitcoin protocol as specified by the User Activated Hard Fork (UAHF).

Those who do not want to follow our lead are free to use whichever chain they like. Miners implementing the UAHF will safely split away, creating a new version of Bitcoin called "Bitcoin Cash".

All current Bitcoin holders will automatically own Bitcoin Cash. The existing ledger at the time of the split is preserved, thus users retain any balances they had before the split.

Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

These ideals can be achieved, but it depends on you to succeed. We need the support of miners, investors, and users like you. Join us to help achieve Satoshi's original vision of Bitcoin as Peer-to-Peer Electronic Cash.

Bitcoin Cash

FREQUENTLY ASKED QUESTIONS

What is Bitcoin Cash?

Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.

Is Bitcoin Cash different from 'Bitcoin'?

Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.

If I own Bitcoin, do I automatically own Bitcoin Cash too?

Yes. Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block. However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.

How is transaction replay being handled between the new and the old blockchain?

Bitcoin Cash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain. This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.

Why was a fork necessary to create Bitcoin Cash?

The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.

Was the 1 MB blocksize causing problems for Bitcoin?

Yes, In 2017, capacity hit the 'invisible wall'. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.
Bitcoin stopped growing. Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies quickly plummeted from 95% to 40%.

Does Bitcoin Cash fix these problems?

Yes. Bitcoin Cash immediately raises the blocksize limit to 8MB as part of a massive on-chain scaling approach. There will be ample capacity for everyone's transactions.
Low fees and fast confirmations will resume with Bitcoin Cash. The network will be allowed to grow again. Users, merchants, businesses, and investors will return.
​
Why didn't Bitcoin raise the blocksize if it was easy?

Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.

Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected.

These two very different visions for Bitcoin are largely incompatible, which led to the community divide.
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Which Development Team is In Charge of Bitcoin Cash?

Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Cash. There are now multiple independent teams of developers.

This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.

20/07/2017

Blockchain bubble?

There is a hint of bubble-like behaviour in the claims swirling around these new technologies

16/07/2017

One step closer to Hyperloop...

The Hyperloop is one step closer to becoming a reality. If it works, the new form of transportation could mean a journey from LA to San Francisco city would ...