The Official Bitcoin Core Feed
3 May
0
Bitcoin officially recognized in Japan
Japan is going to officially recognize bitcoin and other cryptocurrencies.
Previously in March, the Japan Times announced that the Japanease Cabined approved some bills that would help banks to expand their business related to fintech.
The cabinet also recnognized the importance of bitcoin and cryptocurrencies, so it aims at recognizing them as method of payment, so the government is going to bring digital currencies under the overview of the Financial Services Agency (FSA), who also control the Yen.
This system will also provide a registration of exhchanges to avoid money laudering and to protect the bitcoin users, specially after the Mt. Gox debacle back in 2014, when the company was handling 70% of all bitcoin transactions.
This way, Japan has just given virtual currencies legitimacy, and we hope this news will allow lots of other countries to do the same in the near future.
The open-minded Japan
To be honest, this news is not so shocking, as in February the Japanese regulators stated the decision to propose bitcoin among the methods of payments, so to define the digital cryptocurrencies as conventional currency.
Multicurrencies Wallet
Bitcoin is the most important and popular cryptocurrency at the moment, together with Ethereum.
So you may need an online walletwhere you can store your bitcoin or other cryptocurrencies.
Here you can store several digital currencies as Bitcoin, Ethereum, Dash, Blackcoin, Dogecoin, Litecoin and more.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
2 May
0
Does Gavin Andreseen “agree” Craig Wright is the real Satoshi Nakamoto?
Australian computer scientist Craig Wright revealed he is the real Satoshi Nakamoto, the man who invented Bitcoin back in 2008.
Wright announced this huge news at the most important news journals of the world, including BBC, GQ, and the Economist.
He explained:
“These are the blocks used to send 10 bitcoins to Hal Finney in January as the first bitcoin transaction.”
Gavin Andresen confirms this thesis: Wright is Satoshi
The most popular Bitcoin developer Gavin Andresen published a post where he explained he is convinced by the Wright’s announcement.
He wrote:
“I was flown to London to meet Dr. Wright a couple of weeks ago, after an initial email conversation convinced me that there was a very good chance he was the same person I’d communicated with in 2010 and early 2011. After spending time with him I am convinced beyond a reasonable doubt: Craig Wright is Satoshi.”
Craigh Wright is a trend on Twitter
Everyone is talking about this shocking news on Twitter. In fact, Craigh Wright quickly became a worldwide trend.
And we cannot avoid asking ourselves how this revelation will affect bitcoin.
Is the mystery solved?
In the latest hours, we found that probably the Andreseen’s account is been hacked so he never wrote the post where he confirmed the Satoshi Nakamoto identity.
Also, the signature Craig used to prove his Bitcoin invention is a fake.
Peter Todd
FYI, @gavinandresen‘s commit access just got removed – Core team members are concerned that he may have been hacked.
This article has been updated on May 2, 2016 3:45 CEST.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
30 Apr
0
Blockchain is the “perfect technology” according to the European Parliament
During the last week, a European parliament member gave a speech about consumer protection for the latest campaign that aims at realizing new rules related to the blockchain.
The perfect technology
In fact, the Lithuania representative Antanas Guoga defined the blockchain a “perfect technology” during a speech before the Internal Market for Consumer Protection Committee, which is thinking about advancing a new proposal for cryptocurrencies.
Guoga explained:
“I’m sure a lot of us politicians haven’t got any bitcoins at the moment and we’re trying to make laws for something we don’t understand. I would suggest everyone to get some bitcoins and really learn about the system. It’s a huge leap forward and a huge opportunity.”
Guoga wants the European Commission to open a task force to monitor digital currencies.
The committee said yes
A voting on the proposal was held on April 26th and the result was 54-to-1 members that want the creation of a cryptocurrency task force.
This proposal will be voted by the entire European Parliament in the near future.
Watch the full video of the speech
Click here to listen to the entire Antanas Guoga’s speech.
Multicurrencies Wallet
Bitcoin is the most popular cryptocurrency all around the world.
To store your bitcoin you will need a secure wallet where you can also hold Ethereum, Dogecoin, Litecoin and more digital currencies.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
28 Apr
1
5 Facts About Bitcoin Everyone Thinks Are True
There are lots of myths in the Bitcoin world that people think are true.
These misconceptions are usually related to its illegality or its use by criminals.
But we want to give you a good news: it is not true, and 44.3% of Bitcoin users identify themselves as “libertarian”, as you can read on this study.
5 myths on Bitcoin
So, let’s see the 5 commons facts about Bitcoin that most people wrongly believe:
1. Bitcoin will only enable tax evaders or criminals because it is anonymous.
Well, let’s answer to this once and for all…
Cash transactions have the same level of anonymity and it is up to users to follow the applicable state laws.
Also, Bitcoin is not completely anonymous as transactions are open and public thanks to the blockchain nature.
Even if the wallet owner name doesn’t appear on the ledger, once wallet owners are identified (because it is possible) they are linked to every transaction made.
2. 21 million coins are not enough
As you may know, Satoshi Nakamoto has set a maximum level of existing bitcoins, totaling 21 million, so it can never be more than that amount.
We have to remember that one Bitcoin has eight decimals instead of the two of fiat currencies, that means there are over 2 quadrillion of usable units in the bitcoin system.
So every bitcoin represents 100,000,000 of these units.
As the value of 1 BTC is rising too much to be useful for daily transactions, people is starting dealing in smaller units, such as milli-bitcoins (mBTC) or micro-bitcoins.
3. Bitcoin will be shut down by governments as it happened with Liberty Dollars
As you may remember Liberty Dollars were created to have an alternative US currency, including physical coins.
They were shut down because they resembled US currency.
But bitcoin doesn’t resemble any other currency.
Also, closing Liberty Dollars was an easy move, because there was a company and offices. Bitcoin, instead, has no leaders, offices nor tangible asset backing, so it doesn’t have the same vulnerability.
4. The Bitcoin community consists of anarchists and conspiracy theorists
As we said, the members of the Bitcoin community are mainly composed libertarians and ideological enthusiasts.
So, the greatest part of the community wants a libertarian system without any central authority.
5. Bitcoin is illegal
Even if Bitcoin was involved in the Silk Road story, it is not illegal and it is not used only by criminals.
In 2013 the U.S. Financial Crimes Enforcement Network issued a guide about decentralized virtual currencies. On this guide, “a user of virtual currency is not a Money Services Businesses (MSB) under FinCEN’s regulations and therefore is not subject to MSB registration, reporting, and record keeping regulations.”
Multicurrencies Wallet
The best way to understand how bitcoin works is trying to have it.
So, try to open an online wallet where you can store your bitcoin.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
27 Apr
0
Which kind of Bitcoin user are you?
Today we want to do a little quiz with you, to find out how many types of Bitcoin user exist.
In fact, below, you can read two studies conducted on this topic and – at the end of the article – you will be able to know which profile best fits you.
The four types of Bitcoin users
According to Dr. Paul Ennis, researcher at The Centre for Innovation, Technology & Organization at University College Dublin, there are four types of bitcoin users: nerds, speculators, criminals and libertarians.
In his own study, Ennis explains that each of these profiles identifies a different benefit or reward in the use of bitcoin:
– For computer programmers, the rewards for mining
– For speculators, the volatility
– For the libertarians, the perceived lack of regulation
– For criminals, the perceived anonymity.
Yellowitz and Wilson Whitepaper
To know more about the characteristics of Bitcoin users, you also can read this whitepaper written by Aaron Yelowitz and Matthew Wilson in 2015.
Yelowitz and Matthew Wilson identified four types of Bitcoin users too (pg 1030): computer programming enthusiasts, speculative investors, libertarians and criminals.
Libertarians
Maybe the greatest part of Bitcoin users are the libertarians, because this cryptocurrency can allow a method of payment free from a centralized authority.
In fact, according to an online survey by Lui Smyth, researcher at University College London, 44.3% of Bitcoin users identify themselves as “libertarian”.
Libertarians, for example, don’t trust the government to manage the nation’s currency supply, so they prefer to use Bitcoin instead.
Bitcoin is not controlled by banks or governments, and can zip across the globe and – of course – it’s stateless.
Multicurrencies Wallet
To use the most part of these tools you may need an online wallet where you can store your bitcoin.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
22 Apr
0
That’s why $440 Bitcoin price is low
Today Daniel Masters, ex trader at JP Morgan, published an interesting article about the bitcoin price on Linkedin.
In this article, Masters comments the upcoming halving of rewards for the miners and its impact on the current bitcoin price.
Back in 2012, the mining activity reached the level of 210,000 blocks mined and the first halving occured, taking rewards down from 50 to 25 BTC.
Right after that, the bitcoin price raised significantly, from $7 to $11 in nine months.
We are now at roughly 409,000 blocks, and the next halving will take place at 420,000, a level that is estimated to be reached by next july.
At that time rewards will lower again, from 25 to 12.5 BTC.
Bitcoin price will rise
According to Masters, it’s reasonable to expect another price rise following this event.
Here is his explanation:
“Prices so far in 2016 have been relatively stable. That tells me that there is enough new investment and real time demand to match the creation of $575m new coin. It seems obvious that if that dollar-sized demand persists, which I believe it will, that the price of bitcoin must rise to meet it”.
In a few words, it’s a simple matter of offer and demand, exactly the same way as it happens in the oil market, where a reduction in production determines a rise in price, given a stable demand.
That’s basically why the current level of $440 is to be considered low.
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21 Apr
0
How Twitter can teach you about Bitcoin
Twitter is one of the most popular social networks in the world and there are over 307 million people that actively use Twitter.
Also, the greatest part of Bitcoin experts has a Twitter account; and this is a fact.
So, this is why you will find lots of info about Bitcoin on Twitter; you just need to follow the right people and bloggers.
Below you can read the full list of influencers you may need to follow on Twitter to deeply understand bitcoin and the blockchain.
This list was identified using measures like the followers number, engagement frequency, amplification, quotes by important writers, etc.
TOP INFLUENCERS
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Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com -
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Computer Scientist at the U.S. Naval Research Laboratory, security and privacy researcher and academic. Develops the Shadow network simulator, hacks on Tor. -
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Post-doc at Cornell -
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Originator of the credit network part of Ripple. Software developer, early-phase consultant. -
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Prof @Cornell, co-director @ http://initc3.org , system builder. Passionate about Dist Sys, OSes, NoSQL, and Bitcoin. HyperDex, Weaver, Bitcoin-NG. -
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Freelance extreme programmer / agile consultant / Bitcoin-related developer. Chief Cyber Yeoperson at MEVS. Likes to rant on the internet. Trainee uncle. -
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Bitcoin Dev/Blockstream Co-Founder who (mostly) doesn’t use Twitter -
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Investment Manager at Pathfinder Capital. Author of The Intelligent Crypto-Investor. Passion for investing in the Bitcoin ecosystem and emerging markets -
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Chief Scientist, Bitcoin Foundation. All-around geek. -
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Bitcoin MSc -
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Filosofo del Software. Lisp FanBoy -
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Bitcoiner, Ex-physicist, Returned Peace Corps Volunteer -
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HRT, Chaincode Labs -
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Nakamoto Institute director of research -
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CEO & Co-Founder @HolyTransaction | Net Strategist, Bitcoin evangelist | Music is Language@MothRecords -
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I do research on voting systems, TLS, Bitcoin, panic passwords and other topics in applied cryptography -
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Entrepreneur by design and Investor at heart, focused on the utilization of technology to disrupt consumer financial services. Founder of Ribbit Capital -
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Instigator, Entrepreneur, Investor, Venture Capitalist, Cancer Researcher, leader of @BlockStream, Poker Strategist -
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Tadge Dryja @tdryja
Nick Szabo @NickSzabo4
Rob Jansen @robgjansen
Ittay Eyal @ittayeyal
Ryan Fugger @rfugger
Emin Gün Sirer @el33th4xor
Martijn Meijering @mmeijeri
Matt Corallo @TheBlueMatt
Bastian Brand @ICryptoInvestor
Gavin Andresen @gavinandresen
ThePiachu @ThePiachu
Fabio Castaldo @_fabiux_
Andrew Barisser @abarisser
Alex Morcos @morcosa
Daniel Krawisz @DanielKrawisz
Tim DraperVerified account @TimDraper
Dan McGinn @dan_mcginn
Francesco Simonetti @aboutaredhead
Jeremy Clark @PulpSpy
halfin @halfin
Meyer Malka @mickymalka
Austin Hill @austinhill
Joseph Poon @jcpOpen your free digital wallet here to store your cryptocurrencies in a safe place.
20 Apr
0
8 Ways to Become the MacGyver of Bitcoin
There are thousands of tools related to bitcoin and the blockchain, but only a few of these are very upstanding and useful.
These tools have being created by genious startups from all over the world, and they will allow you to become the next MacGyver of Bitcoin.
Below, in fact, you can read the list of tools we selected that are related to Bitcoin and the blockchain.
Cryptocurrencies Exchange Rates
Recently HolyTransaction created a new add-on for the Firefox browser only to see the exchange rates for cryptocurrency pairs.
This add-on allows you to see the exchange rates between the most popular currencies using only a couple of clicks.
Exchange rates are available between dollar, euro, bitcoin, litecoin, peercoin,dogecoin, dash, blackcoin and gridcoin.
Eternity Wall
Eternity Wall allows you to write text messages on the blockchain. Those messages cannot be deleted and, even if the Eternity Wall platform goes down or closed, the messages you wrote in here are guaranteed to persist. You can write everything you want: from love messages to contracts and more.
Open Bazaar
This is a peer-to-peer marketplace where you can buy everything using bitcoin as a method of payment. You just have to download the program and start doing some shopping!
Blockchain Info
Here you can see live all the transactions that happened on the bitcoin blockchain. Also you can read statistics, charts, and news about blockchain.info and related to the Bitcoin world.
This is platform that allows to donate bitcoin to people affected by natural disasters. Recently the Helperbit team won a Blockchain startup competition in Amsterdam. The website is still in development and you can read more details about Helperbit by clicking here.
It is a map where you can find all the shops and restaurants that accept bitcoin among their methods of payment.
Bitcoinity
Offers a succinct and graphical overview of the price of Bitcoins and market depth on the major Bitcoin exchanges.
BitLegal
This website explain everything you need to know about Bitcoin and cryptocurrencies regulation all around the world.
Multicurrencies Wallet
To use the most part of these tools you may need an online wallet where you can store your bitcoin. Sign here for free and create your HolyTransaction wallet.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
19 Apr
2
15 Oddest Places where Bitcoin is accepted
Nowadays you can buy almost everything with bitcoin.
As well as lots of e-commerce and famous worldwide brand that accept Bitcoin all around the world.
Recently we read about the news about Overstock, for example. Also, you will find out there are several other shops where you can buy your favorite items with Bitcoin.
Recently we read about the news about Overstock, for example. Also, you will find out there are several other shops where you can buy your favorite items with Bitcoin.
Below you can read the full list of the oddest places where bitcoin is accepted (for several of them you can buy a gift card for bitcoins on gyft.com).
TOP 15
- CVS – pharmacy shop
- Victoria’s Secret – Lingerie Shop
- BitcoinTravel – marketplace that provides accommodation, apartments and more
- Pembury Tavern – Pub in London
- Old Fitzroy – Pub in Sydney
- The Pink Cow – Restaurant in Tokyo
- Zynga – Mobile gaming
- OkCupid – Online dating site
- EZTV – Torrents TV shows provider
- PizzaForCoins.com – pay for your pizza
- Whole Foods – Organic food store
- Bitcoincoffee.com – Buy your favorite coffee online
- A Class Limousine – Newark (N.J.) Airport
- Fiverr.com – Freelance jobs for $5
- Seoclerks.com – SEO work
Multicurrencies Wallet
If you want to buy somenthing with Bitcoin you must have an online wallet, of course.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
18 Apr
0
6 Amazing Pictures about Bitcoin
Bitcoin is the money of Internet and what is the best way to communicate through the web?
Pictures, of course.
Thanks to pictures, in fact, we can communicate things that are very difficult to explain in words.
So, let’s see the top 6 of the best pictures about Bitcoin.
1. Simpsons accept Bitcoin
During the Simpsons episode called “Clown in the Dumps” you can see a big poster showing James Corky Jones saying, “Send me your lunch money online! – Accepting Bitcoin”.
2. La “Liberté guidant le peuple”
This is a painting by Eugène Delacroix commemorating the July Revolution of 1830.
In this image the Youl Design company adapted the original painting creating a new image where the woman – who personify the Liberty – holds the Bitcoin flag.
3. Comics about Bitcoin.
You can follow @rkirkpatrick01 on Twitter to share more hilarious and ironic comics.
4. Bitcoin and Cryptocurrencies Infographics
By using the #bitcoineducation hashtag you can read more interesting and insightful infographics about Bitcoin that HolyTransaction shares every day for your pleasure.
5. PhotoBTC
Through Bitcoin you can pay for lots of services, including photos.
So, at this point we talk about a different item related to Bitcoin and images.
PhotoBTC is a new marketplace where you can buy images and design about several categories including architecture, people, technology, animals, etc.
6. Bitcoin vs Donald Trump
Recently we read lots of articles and tweets about the Bitcoin and Donal Trump.
In fact, Trump wants to ban money transfers to Mexico, and this move could have a huge benefit for Bitcoin adoption in America.
This is the reason why Genesis Mining created a banner to drive awareness for the cause.
Open your free digital wallet here to store your cryptocurrencies in a safe place.