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  • Where companies stand on UASF and Segwit2x, par /u/mcr55, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin on reddit :: RSS
  • Price Thread [June 14, 2017], par /u/BashCo, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin on reddit :: RSS

    Price ticker screenshots are being removed!
    Please utilize this sticky thread for all Bitcoin price discussions!
    submitted by /u/BashCo
    [link] [comments] Read more /u/BashCo
  • Hard fork without non-mining full nodes = weak network?, par Pressed250, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin questions on Stack Exchange :: RSS
    This question is NOT intended to ignite diatribes. All of the discussion of a hard fork focuses on mining nodes; I have read nothing about the role of non-mining full nodes. So this is a sincere question. The vast majority of bitcoin non-mining full nodes are running Bitcoin Core, and seem (...) Read more Pressed250
  • Re: the first adult cam-site to do bitcoin payouts to models, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin Forum - Project Development :: RSS
    Do you have referral program for Video production studios?
    yes. you can gohere

    but... Read more
  • Re: The synergy between Insurance and Blockchain., 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin Forum - Project Development :: RSS
    It can be done but I think it more suited to use with Ethereum instead.
    Due to the use of their Smart Contract Technology.
    I think that makes it a match made in heaven when it comes to insurance holding and the blockchain technologies use in this scena... Read more
  • How do I restore a wallet from a backup file in MultiBit HD?, par Chloe, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin questions on Stack Exchange :: RSS
    If I have a backup file like mbhd-*.zip.aes how do I restore it using only my password? When I click on Restore Wallet, it only asks for the wallet words, not the file path or password. Read more Chloe
  • Re: 50 Bitcoins to win with ENiGMA TREASURE - Are you smart enough?, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin Forum - Project Development :: RSS
    Joined. will I get free clues ?,
    why using strikingly?, is it free web builder?,

    Hi ! Thanks for participating. Wink You will receive free clue on your email soon. Le... Read more
  • Is freebitco.in legit site?, par user49556, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin questions on Stack Exchange :: RSS
    Is freebitco.in a legit site? This is faucet. What is the use of faucets in bitcoin. Is it also a mining business?Please tell me more about faucets. Read more user49556
  • Making The Case For Firing Jeff Sessions, 14 June 2017

    Wednesday 14 June 2017 :: Alltop RSS :: RSS
    AG Jeff Sessions (Photo by Mark Wilson/Getty Images) He [Jeff Sessions] needs to be fired. He needs to be taken out of that job… If you’re not going to be honest during your confirmation hearing, then you ought to be gone. — Elizabeth Warren, on David Axlerod’s podcast, making the case that the Attorney General [...] Read more
  • Making The Case For Firing Jeff Sessions, 14 June 2017

    Wednesday 14 June 2017 :: Alltop - bitcoin :: RSS
    AG Jeff Sessions (Photo by Mark Wilson/Getty Images) He [Jeff Sessions] needs to be fired. He needs to be taken out of that job… If you’re not going to be honest during your confirmation hearing, then you ought to be gone. — Elizabeth Warren, on David Axlerod’s podcast, making the case that the Attorney General [...] Read more
  • Making The Case For Firing Jeff Sessions, par Mark Norton, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin Warrior :: RSS
    AG Jeff Sessions (Photo by Mark Wilson/Getty Images) He [Jeff Sessions] needs to be fired. He needs to be taken out of that job… If you’re not going to be honest during your confirmation hearing, then you ought to be gone. — Elizabeth Warren, on David Axlerod’s podcast, making the case that the Attorney General [...] Read more Mark Norton
  • Where can I sell my Bitmain UAHF and SegWit2x coins?, par /u/kernelmustard29, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin on reddit :: RSS

    I'd prefer to get them sold before August 1 so that I can load up on BIP148 UASF coins.
    submitted by /u/kernelmustard29
    [link] [comments] Read more /u/kernelmustard29
  • US, Kenya, Singapore: AIG Completes Multinational Blockchain Insurance Test, par Michael del Castillo, 14 June 2017

    Wednesday 14 June 2017 :: CoinDesk :: RSS
    American insurance giant AIG has made what appears to be its first foray into blockchain, completing a trial with Standard Chartered today.
    Source Read more Michael del Castillo
  • Op Ed: Why Connecting All the Blockchains Is the Final Step for Mass Adoption, par Dr. Julian Hosp, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin Magazine :: RSS
    Why Connecting All the Blockchains Is the Final Step for Mass Adoption

    Since the start of Bitcoin in January 2009, we have seen the introduction of a multitude of blockchains across all kinds of areas and financial markets. Today, we can count hundreds of public blockchains that amount to a total market cap of almost $100 billion, excluding many more private blockchain installations.

    Last year, we saw the emergence of precious metal-backed tokens and derivatives, entirely new asset classes representing entire ecosystems and even ETF tokens to invest into other blockchain assets. One such example is Initial Coin Offerings (ICOs) or token sales that are gaining in popularity.
    The World Economic Forum is even going as far to predict that 10 percent of the global GDP will be stored on the blockchain in less than 10 years. In terms of today’s global GDP that would be $7.8 trillion.
    Here a challenge arises: If we, as a community, do not find a way to connect blockchains, these $7.8 trillion will be dispersed in such a way that its true value is a lot lower.
    So what is the solution? It’s one that we already saw being executed in a similar way around 30 years ago.

    From Intranets to Internet


    Before the invention of the TCP/IP protocol, the internet was also dispersed in many local networks, so-called intranets. These provided local efficiency over more traditional point-to-point communications (such as letters, faxes or telephone calls). The real breakthrough only came in 1973 when different intranet networks realized that they could use a unifying inter-network protocol to communicate among each other, thereby extending their reach by compatibility even more.
    By dropping the requirements for an intranet to join the so-called internet to the bare minimum, it became possible to add almost any intranet, no matter how basic or sophisticated its characteristics were.
    The initial adoption by users was relatively slow, as the services offered at the beginning were limited. There was one major factor, however, that eventually sped it up significantly. The same providers that were already offering mail, fax and phone services could now add internet services to their portfolios, giving them extra revenue streams. User adoption came easily, as a trust basis between the customers and these service providers was already established for years or even decades. Early adopters started, the later adopters followed.
    Today, the internet spans across the entire world, and information that used to be accessible only locally is now accessible from anywhere, even from the moon. Information is stored by servers all over the world while routers create the backbone. Internet Service Providers (ISPs) give the average end-user easy and quick access to this vast database of information by opening a communication channel to their customers and to other ISPs, servers and routers.
    Once the average user accesses the internet through his or her communication channel with the ISP in order to gain information from the internet, the user does not have to worry about how the information is retrieved exactly. All he or she has to do is type in the destination from where the information will be retrieved from (URL). The ISP which the user has the communication channel to does not know the exact path to the destination either. However, through the TCP/IP protocol, the request is routed through from one communication channel to another using routers, servers or ISPs, who then either know the location or continue the process. The important point is, neither one of them has to know the entire way. All they have to do is to trust the TCP/IP protocol, which has the task of delivering packets from the source host to the destination host, solely based on the IP addresses in the packet headers. Its routing function enables inter-networking and essentially establishes the internet.

    Connecting the Blockchains


    How does this translate into connecting blockchains? What if there was a way to connect literally any blockchain, without creating a new larger blockchain, like some companies have suggested? Creating a new blockchain would be like a large intranet, that all the other intranets would have to trust. It would be way more difficult to convince everyone. It is easier to leave everyone on their blockchain/intranet and just connect them.
    With that in mind, I, therefore, suggested a Cryptographically-secure Off-chain Multi-asset Instant Transaction network (COMIT) at the end of 2016 and wrote a whitepaper about it.
    What would such a network look like? Just like the internet, we need a stable and trustworthy backbone. In our opinion, any large blockchain provides exactly that. It can be any blockchain because, just like on the Internet, different modalities will be interconnected. For example, the initial internet never foresaw mobile app messaging services, but these have been implemented without any problems. The same will be true for COMIT, where any new blockchain can be connected to an existing one through the use of the COMIT Routing Protocol (CRP).
    A user today who is using cryptocurrencies currently has to wait minutes if not hours before a transaction is accepted by the counterparty. With the adoption of payment channels such as the Lightning Network, Raiden or many others, such users can transfer assets instantly from person A to person B. If person B then opens another payment channel to person C, person A can also transfer assets to person C via B instantaneously, as long as person B provides enough liquidity.
    In theory, there can be an infinite chain of participants in between person A and C, as long as they all provide enough liquidity. Again, such transactions are immediate without person A needing to know which route the assets took to end up at person C. Users can trust this system as the routing protocol ensures its correctness, plus the cryptographically secured payment channels, which will be described in the next chapter, ensures flawless functionality.
    What we end up with are off-blockchain, cryptographically-secured, instant payments that can even be transferred from one asset to another via hashed time-lock contracts (those will also be described in a future post). In order for this network to have enough liquidity (in the example above person B needs to provide enough liquidity to enable a transaction between person A and person C), we introduce the concept of Liquidity Providers (LP). LPs can be seen or understood as hubs or nodes in the COMIT network that create payment channels to users, other LPs and businesses. They are a core part in COMIT, just like servers, routers and ISPs are to the internet.
    Adoption of this system will be seamless, fast and will bring great benefits to all of its participants, just like the internet did. Some of the benefits of COMIT include, but are not limited to,

    • open source infrastructure;

    • true instant, frictionless and cheap payments for users all over the world;

    • true global access without limitations to any asset or business process connected to a blockchain;

    • cryptographically secure, trustless global transactions network;

    • new business opportunities for companies;

    • new and recurring revenue streams for banks and other liquidity providers; and

    • rapid adoption based on existing networks build with new, cheap and secure infrastructure.

    According to our research, over 95 percent of all the blockchains (especially the large important ones) can be connected. In a future post, I will discuss in great detail what the three requirements are for such a system to work and how it looks from a technical perspective.


    The post Op Ed: Why Connecting All the Blockchains Is the Final Step for Mass Adoption appeared first on Bitcoin Magazine. Read more Dr. Julian Hosp
  • Bitcoin's Price Continues to Rise – Analyst Says it'll Reach $100000 in Next 10 Years, 14 June 2017

    Wednesday 14 June 2017 :: Google News Alerts - bitcoin :: RSS
    Kay Van-Petersen, the analyst who predicted the Bitcoin price going up to $2,000 now has another prediction, and this time, it's even more astonishing ... Read more
  • sipa commented on pull request bitcoin/bitcoin#10148, par sipa, 14 June 2017

    Wednesday 14 June 2017 :: sipa’s Activity :: RSS
    Jun 14, 2017 sipa commented on pull request bitcoin/bitcoin#10148 I prefer making types as generic as possible, and I think this code should work fine even on a cache on top of a db view. Read more sipa
  • 50 Bitcoins to win with ENiGMA TREASURE - Are you smart enough?, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin Forum - Project Development :: RSS
    Hi guys,
    I have launched this day a funny and free game: the "ENiGMA TREASURE". ( http://enigmas.strikingly.com/ )

    It’s kind of like a modern treasure hunt with complex enigms for smart guys (only them s... Read more
  • Bitcoin Price Hits 10-Day Low As Crypto Markets Tumble, 14 June 2017

    Wednesday 14 June 2017 :: Google News Alerts - bitcoin :: RSS
    At press time, bitcoin was down 5.5% across global exchanges, falling to a low of $2,547.18. This figure was down nearly 15% from an all-time high of ... Read more
  • Re: [ANN] QRL - Announcing the Quantum Resistant Ledger, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin Forum - Project Development :: RSS
    So where do you send QRL from Bittrex? directly to an ETH address? or will there be a...
    Read more
  • Bitcoin Price Hits 10-Day Low As Crypto Markets Tumble, par Wolfie Zhao, 14 June 2017

    Wednesday 14 June 2017 :: CoinDesk :: RSS
    Bitcoin prices continued to edge lower Wednesday after setting a new all-time high. Other cryptocurrencies saw a similar shift into the red.
    Source Read more Wolfie Zhao
  • Major bitcoin exchanges hit by cyberattacks as record rally makes them a target, 14 June 2017

    Wednesday 14 June 2017 :: Google News Alerts - bitcoin :: RSS
    A surge in investor interest also overwhelmed major bitcoin websites, while record-breaking levels of fundraising for new digital currencies add to ... Read more
  • Major bitcoin exchanges hit by cyberattacks as record rally makes them a target, 14 June 2017

    Wednesday 14 June 2017 :: CNBC bitcoin :: RSS
    Multiple cyberattacks on major bitcoin exchanges add to worries that the largely unregulated cryptocurrency industry will be unable to manage the hype. Read more
  • Re: Looking to build an altcoin team --- Please Consider Joining, 14 June 2017

    Wednesday 14 June 2017 :: Bitcoin Forum - Project Development :: RSS
    Hi!
    What kind of PR are you looking for?
    Somebody to moderate and post content on the website and forum that don't exist yet, along with answering support and pot... Read more
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