The Looming Financial Crisis: What Will Happen To Bitcoin - HackerNoon
February 07, 2019 7:27 PM You may have noticed that I have been MIA for the past few weeks, but fear not, I am still hanging around (although very busy!) and have been involved in the Cryptocurrency space as much as ever. In the midst of the Great Recession (the economic downturn during the late 2000s and early 2010s), Satoshi Nakamoto released the now-famous paper, ?Bitcoin: A Peer-to-Peer Electronic Cash System?. Satoshi proposed ?a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution?. It is widely accepted that Satoshi was unhappy with the economic situation at the time (centralized financial institutions, bank bail-outs, etc.) which led to the inception of Bitcoin (in 2008) with its networking ?going live? on 3rd of January in 2009. The first block (genesis block) included the following message ?The Times 03/Jan/2009 Chancellor on brink of second bailout for banks?, taking aim at Alistair Darling who was preparing a £500Bn rescue package for UK Banks.
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Noob question but why is the Bitcoin handle promoting Bitcoin Cash I feel like they're confusing people on purpose
February 07, 2019 10:49 AM Visit Twitter for Tweet content.
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Dev who moved from ETH to BSV: "I had completely written off Bitcoin as a viable platform [
February 07, 2019 2:17 AM
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#TipsInBitcoin a movement to spread crypto awareness: The Accointing team started with Guatemala
February 06, 2019 9:15 PM Accointing Website: http://bit.ly/2CLK79G #TipsInBitcoin a movement we want to create to educate people about Bitcoin by giving $BTC as tips. We took the chance to show the purpose of decentralized money to a small cooperative in San Juan La Laguna, Guatemala. The idea was to show the concept of Bitcoin and how in the future, the community of San Juan La Laguna will not only be able to purchase products in a peer to peer manner, but also be their own bank. Through this they will no longer have to deal with the large barriers to opening up a bank account in this banking system. PS. If you would like to bring some joy to Erica and Elizabeth please feel free to tip them in BTC as well. Here is the proof of my transaction to them. Their ? address is: 1GLmGY7UZAe6vGprKdQCC5s4ayFdpmuMoM
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When bitcoin added to Cashapp Canada Jack: Someday soon and thank you!
February 06, 2019 10:16 AM Visit Twitter for Tweet content.
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FinancialFox: 'Bitcoin is not a bubble, it is the pin to burst the crypto bubble' - Crypto News
February 06, 2019 9:31 AM #FinancialFox Crypto expert Ajeet Khurana, CEO India crypto exchange ZebPay, talks to PR and Crypto Guru Stefania Barbaglio. The Leapfrogging aspect of new technologies has enormous power. Cryptocurrencies are overcoming the limitations of traditional money and financial markets. Decentralised blockchains are here to stay and are developing a new paradigm of decentralised economy and marketplace where tokenisation of digital assets and exchanges will transform the world economy. Bitcoin is the most adopted and established cryptocurrency and there are a few other followers with great use cases and qualities. Worldwide adoption is inevitable.
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Twitter CEO/Co-Founder asked how much Bitcoin he owns
February 06, 2019 5:57 AM The Twitter CEO and Co-Founder has been a long-time supporter of Bitcoin and blockchain technology and today he revealed the only cryptocurrency he owns is Bitcoin. During a twitter conversation about the Lighting Torch experiment, Twitter user ?Thomson? (@ThomsonCrypto) asked; ?Jack, which all coins/tokons (sic) you holding? ?I only have bitcoin,? replied Dorsey. I only have bitcoin https://t.co/C24xNJxuFB ? jack (@jack) February 5, 2019 Soon after the exchange above, this question was put to Dorsey by Bloomberg News Reporter Salina Wang (@Selina_y_wang): ?Enough,? Dorsey promptly responded. ? jack (@jack) February 5, 2019
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Question to Twitter CEO: Jack, which all coins/tokons you holding Answer: I only have bitcoin
February 06, 2019 1:38 AM Visit Twitter for Tweet content.
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Green Bitcoin Mining Centers To Be Launched In Paraguay By Bitfury
February 06, 2019 1:16 AM Mining giant Bitfury and Commons Foundation, a South Korean R&D firm have announced that they are launching a network of new bitcoin mining operations in the South American nation of Paraguay. Announced last week Thursday, Bitfury stated that a number of new mining centres are to be created using their BlockBox AC bitcoin mining devices. Notably, the mining rigs are to be powered by two major hydroelectric powers plants namely Itaipu Dam and Yacyreta Dam. This new partnership forms part of the Commons Foundation?s Golden Goose project. The government of Paraguay backs this initiative for the sole purpose of establishing the region as the largest crypto mining centre in the world. This endeavour is possible due to the country?s abundant supply of clean and affordable electricity.
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@Jack (Twitter/Square CEO) just took the LNtrustchain torch (and forwarded it to Elizabeth Stark)
February 06, 2019 12:12 AM Visit Twitter for Tweet content.
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Bitcoin and collapsing economies: Venezuela records higher trade volume on LocalBitcoins than US
February 05, 2019 10:40 PM Venezuela and Colombia traded 11,208 BTCs through the p2p exchange platform LocalBitcoins during the month of January 2019. According to Coin Dance figures, these two Latin American countries reached, for the second consecutive month, more than 80% of the exchange volume in the region. In total, Venezuela and Colombia account for 84.74% of BTC trade through LocalBitcoins in Latin America. The dominance of both nations increased by 2.95% over December 2018. Venezuela traded 8,319 bitcoins in recent weeks, 1.64% more than the previous month, when it reached the 8,182 BTC milestone. Thus, traders of bitcoins in bolivars continue to top the regional list for the third consecutive month.
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Specs for new trustless non-pegged sidechains
February 04, 2019 11:06 PM GitHub is home to over 28 million developers working together to host and review code, manage projects, and build software together. Use Git or checkout with SVN using the web URL. If nothing happens, download GitHub Desktop and try again. If nothing happens, download GitHub Desktop and try again. If nothing happens, download Xcode and try again. If nothing happens, download the GitHub extension for Visual Studio and try again. Dr Maxim Orlovsky, BICA Labs & Pandora Project NB: This protocol draft is the work in progress. Feel free to propose PR's and discuss using GitHub issues Typhon is Bitcoin second-layer technology ? the same kind as the Lightning network. You can think of it as of massively-scalable multiparty payment channels. The protocol defines the process of sidechain formation and operations on top of the main Bitcoin blockchain. It is censorship-resistant, permissionless and agnostic to the particular consensus and blockchain formation protocol used by sidechain implementations.
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Times of Israel article reads, "There was no immediate reply from Bitcoin
February 04, 2019 10:26 AM GAZA CITY ? Hamas, which has fought three wars with Israel and faces financial isolation, called on supporters Tuesday to send funds via Bitcoin. A spokesman for the Palestinian terror group?s military wing sent out a message calling for support to be sent in the virtual currency. ?Support the resistance financially through the Bitcoin currency,? it said, adding the exact mechanism would be announced later. Get The Times of Israel's Daily Edition by email and never miss our top stories Free Sign Up Hamas, which runs the Gaza Strip and seeks to destroy Israel, is considered a terrorist organization by Israel, the United States, the European Union and others.
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Attack surface on bitcoin is shrinking: Taproot to increase privacy and fungibility of BTC
February 03, 2019 11:47 PM Taproot is designed to significantly increase Bitcoin?s privacy. This approach relies on multi-signatures, to be exact, on Schnorr multisigs. Worried about price trends, ETFs and the rift between Bitcoin and Bitcoin Cash, people forget that Bitcoin is also evolving technically. Beyond these public debates, the developers have not only activated Segregated Witness or advanced the Lightning Network. They are working on things like Smart Contracts, Tokenized Assets or privacy on the Bitcoin blockchain. The latter is something very important. On the one hand, privacy is essentially one of the ideals of the cypher punks, on the other hand, it is only through this that the fungibility of Bitcoin can be increased. Even Bitcoin maximalists have to admit that crypto currencies like Monero that rely on anonymity are currently ahead of the game. It is understandable that the Bitcoin community wants to catch up here.
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7 Reasons Why That New Bitcoin Stablecoin Sounds Like Junk
February 02, 2019 5:08 AM A new Ethereum token called ?Wrapped Bitcoin? just launched Thursday. The purpose of the new cryptocurrency is to enable Bitcoin users to ?participate in Ethereum smart contracts natively on the Ethereum blockchain.? Last October Bitcoin custody company BitGo announced a partnership with Kyber Network and Republic Protocol to launch Wrapped Bitcoin (WBTC), a token on the Ethereum blockchain that acts as a 1-to-1 token backed by Bitcoin reserves. In a blog post announcing the new token BitGo stated: ?WBTC users will be able to utilize Bitcoin in a wide variety of new decentralized use cases, including on decentralized exchanges (DEXs), as collateral for stable coins or lending, for payments and flexible smart contracts within the Ethereum ecosystem.?
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CBOE VanEck Bitcoin ETF has been resubmitted to the SEC
February 01, 2019 2:19 AM After the VanEck Solid X Bitcoin ETF was pulled from consideration during the US government shutdown speculation regarding why ran its way through crypto circles around the world. Was it headed for an obvious denial based on the US government shutdown? Was it headed for a denial simply on the merits? Neither question was answered, but VanEck wasted little time in resubmitting the ?rule change? connected to its Solid X partnership Bitcoin ETF. As shown below, the resubmission occurred yesterday: http://cdn.cboe.com/resources/regulation/rule_filings/pending/2019/SR-CboeBZX-2019-004.pdf The newly minted submission was announced by VanEck?s Digital Asset Director/Strategist Gabor Gurbacs, a fierce defender of the product and the crypto ecosystem itself.
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Bitcoin Graveyard or Bitcoin Obituaries 2
January 31, 2019 9:57 PM The Bitcoin Graveyard was created for two reasons: 1. Dispel FUD on the notion that Bitcoin is dead. 2. Show the world the power of the Lightning Network ?? by allowing people to buy flowers to lay next to any tombstone and also leave a note of condolence. Price per flower is only 1000 satoshi or 0.01 mBTC or $ Get the real Bitcoin BCH and stay safe! Love this graveyard ? pure FUD out there and this just goes to show it. Left 10 flowers ? Long live BTC! Crypto and Bitcoin are great! Want to support the space and enjoy coffee? Check out HodlFuel! Nice. You guys rule. Can you do something for XRP too?
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Reminder: Stefan Molyneux predicts Blockstream takeover of Bitcoin (from 2014)
January 31, 2019 5:45 PM The original video was published in 2014: https://youtu.be/tXBwcedQuQ0?t=11m38s
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Venezuela Finds Out the Hard Way That Only Bitcoin is Unconfiscatable
January 31, 2019 11:04 AM Reading: Venezuela Finds Out the Hard Way That Only Bitcoin is Unconfiscatable Esther Kim | Jan 31, 2019 | 03:00 Esther Kim | Jan 31, 2019 | 03:00 The ongoing political turmoil in Venezuela continues to intrigue Bitcoin figures, following the Bank of England blocking access to the country?s gold reserves in favor of US-backed interim president Juan Guaidó. Venezuela, whose citizens have begun turning to Bitcoin en masse in the face of million-percent inflation, capital, and migration controls, appears to be on the cusp of regime change. Guaidó, who has said he is now the country?s president, has faced multiple challenges to his authority from the established government and international allies such as Russia.
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