When the idea of a working digital currency like bitcoin was introduced, many of its early adopters disliked the current bureaucratic system, with a cartel of bankers pulling the world’s monetary strings. Over time, however, something weird has happened and the idea of permissionless innovation perverted into people literally asking nation states for permission, begging […]
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Bitcoin Core developer Jimmy Song has caused controversy by suggesting that bitcoin enthusiasts would be better off using credit cards as a means of payment. He described this strategy as being “more rational and convenient” than making multiple onchain transactions. His advice flies in the face of the rationale behind Bitcoin and has provoked a […]
Bitcoin technology company Blockstream has conceded its flagship Liquid Network could be susceptible to hardware vulnerabilities. Following recent disclosures that certain Chinese-manufactured motherboards contain backdoors, Blockstream has authored a post conceding that such an exploit could allow an attacker to infiltrate their off-chain bitcoin transfer system. Also read: Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash Hardware […]
Bitcoin mining is a very competitive industry. It has grown exponentially over the last few years. During the last nine months, there’s been a bunch of new entrants joining the mining rig manufacturing business like GMO Group, Halong Mining, and Ebang. Now there’s a new firm that has partnered with Samsung’s semiconductor foundry called, Innosilicon, […]
Blockstream, one of the largest Bitcoin Core funding contributors, has evidently bought a lot of cryptocurrency mining equipment from the Chinese electronics hardware manufacturer Innosilicon. Does this mean that the company is setting up its own mining center? Also Read: Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From Cryptocompare Blockstream Buys Mining Equipment […]
About four days ago news.Bitcoin.com reported on a dispute concerning the removal of the owner of Bitcoin.org, an anonymous figure known as ‘Cobra.’ At the time a Github contributor opened an issue on the website’s repository, saying that Cobra had become untrustworthy for showing support towards the Bitcoin Cash (BCH) network. Then the CEO of […]
About two weeks ago news.Bitcoin.com reported on one guy who controlled the Lightning Network’s (LN) biggest node when he commanded 49 percent of the total funds held within the network. Since then, Andreas Brekken, the owner of the blockchain review website Shitcoin.com, wrote four reviews about his node that held 35.24 BTC and his daily […]
Cryptocurrency is to money what the internet is to information. It is a powerful and potent technology, with the power to transform the world. It is an evolutionary tool in the sense that it is already propelling humanity forward. Crypto will help human beings abolish banks, governments, and other organizations with single points of failure. […]
Blockstream is working with former national spies. The question is, why on earth would a cryptocurrency company have the need to employ former spies? On October 23, 2014, Blockstream goes public and announces funding and the formation of their company. Shortly after Blockstream was incorporated, they received $50 million in venture capital from AXA, Khosla Ventures, […]