Day: February 15, 2019

3 People Who Hate Bitcoin With a Passion

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There’s something about Bitcoin that stirs up strong emotions in people. Libertarians love it. Anarchists adore it. Cypherpunks crave it. But not all of the emotions Bitcoin engenders are positive. Bankers fear it, politicians distrust it, environmentalists resent it, and a few people, why, they veritably hate it. Also read: 30 People Who Were Really Wrong About Bitcoin The People Who Love to Hate Bitcoin When people develop an aversion to something, their immediate instinct is normally to steer clear of it. Be it baths or Bitcoin, if you loathe…

Blockstream Cofounder Proposes To Reduce Bitcoin (BTC) Blocks from 1Mb to 300Kb

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A recent proposal issued by Blockstream co-founder Luke DashJr has caused a stir in the Bitcoin Developers community. The well-known expert in cryptocurrencies proposed the temporary reduction of Bitcoin Blocksize to less than half. The proposal is already available for analysis in GitHub and seeks to reduce the size of the blocks produced by the Bitcoin Blockchain from 1Mb to only 300k. The soft fork would start its implementation mid-year, specifically From 2019 Aug 1 and should last until 2019 Dec 31. This decision may seem crazy, especially considering that…

Coinbase Users Can Now Withdraw BSV to External Wallets

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Major American cryptocurrency exchange Coinbase now allows its users to withdraw Bitcoin SV (BSV) balances to external wallets, according to an announcement published on Feb. 14. BSV appeared following a hard fork in the Bitcoin Cash (BCH) blockchain in November of last year. The for resulted in two new coins; Bitcoin SV and Bitcoin ABC. The camp for Bitcoin SV (Satoshi’s Vision) was lead by Australian computer scientist Craig Wright, who has previously declared himself to be Bitcoin creator Satoshi Nakamoto. After the hard fork, Coinbase users holding BCH received…