As my colleague Davefairtex observed recently, the paint isn’t quite dry on bitcoin and the expanding host of other cryptocurrencies. Initial enthusiasm for the latest cryptocurrency that’s going to eat bitcoin’s lunch generates outsized returns for early investors, but as glitches in the vision arise, the bubble of initial euphoria pops.
Differing visions of bitcoin’s future have divided its community of participants and miners, and hard forks have split other cryptocurrencies into competing camps.
Meanwhile, the spectre of outright bans on bitcoin and cryptocurrencies by nations such as China adds uncertainty to the entire sector. Many observers expect that China’s increasingly pervasive attempts to staunch the flow of capital out of China via capital controls will lead inevitably to strict limits on bitcoin or even a total ban on bitcoin transactions and mining in China.
Bitcoin.org, a self-reported objective information site in the Bitcoin space, has warned that the Bitcoin Core wallet — the official wallet of Bitcoin — is ripe for an attack.
“Bitcoin.org has reason to suspect that the binaries for the upcoming Bitcoin Core release [version 0.13.0] will likely be targeted by state sponsored attackers,” the website says in a post that does not elaborate which state may be be behind the threat or the nature of any attack.
“As a website, Bitcoin.org does not have the necessary technical resources to guarantee that we can defend ourselves from attackers of this calibre. We ask the Bitcoin community, and in particular the Chinese Bitcoin community to be extra vigilant when downloading binaries from our website.”
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There is a lot of uncertainty about of Bitcoin, so many turn to the altcoin market to diversity their crypto holdings, only to find more uncertainty. CoinMarketCap lists over 500 coins, and there are probably more. In this brief post, Joshua offer Maxcoin’s qualifications as a worthy investment and trade currency.
Read more: Why Maxcoin?
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Tired of half-assed opinion pieces on Bitcoin and want some research with more substance? Well check out the newly updated 2015 list of Bitcoin research which has almost 600 papers in it from academics, researchers and technical experts. Also, you can check out the accompanying write-up review of Bitcoin academic research, which explores the trends.
BitShares 2.0 is set to come out in September of this year, and BitShares proponents are very excited about it. “It is a game changer in the crypto world,” Max Wright told CCN. As CCN writes:
Some of the capabilities of BitShares 2.0 include, among other things, a Smartchain which can do more than the block chain, according to BitShares 2.0 proponents. For one, this Smartchain can process 100,000 transactions per second compared to the seven transactions per second the Bitcoin network can process, with reliable one second confirmation times, while Bitcoin takes one hour to confirm a transaction. Automatic and regular payments are available on the Smartchain, as is multisig.
At this point, anyone paying even the slightest bit of attention to the central planning economic totalitarians running the fraudulent global financial system is aware of the blatant push in the media to acclimate the masses to accepting a “cashless society.”
In the mind of an economic tyrant, banning cash represents the holy grail. Forcing the plebs onto a system of digital fiat currency transactions offers total control via a seamless tracking of all transactions in the economy, and the ability to block payments if an uppity citizen dares get out of line.
Read the rest here.
The problem with Bitcoin, was that once it exploded onto the scene, everyone suddenly had to have an opinion. Whether or not this opinion was informed, or based on even the most basic understanding, wasn’t important. What was important is that you had to take a stand: yay or nay.
This was unfortunate. It led to many well-meaning, but technologically challenged people to claim Bitcoin was the currency of the anti-Christ. The dreaded “one world currency” that would usher in the reign of Lucifer. These opinions were almost always based on ignorance, and it led to decent people who care about freedom to dismiss Bitcoin.
In contrast, the real status quo was able to see Bitcoin and understand the threat it posed to the control system. Now IBM is working on a solution for Central Banks, and if this takes hold, it could be very, vey bad for liberty.
Read more here.