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1941  Bitcoin / Press / Re: [2017-05-22] WannaCry Disclosure: It Was Developed to Promote Bitcoin on: May 23, 2017, 03:50:03 PM
Of course it's just a George's opinion (as an expert), you may to agree or to disagree with it.
1942  Bitcoin / Press / [2017-05-22] WannaCry Disclosure: It Was Developed to Promote Bitcoin on: May 22, 2017, 10:37:43 PM
The WannaCry malware, that attacked 200,000 victims in at least 150 countries, exploiting a vulnerability of the Windows operating system, was developed to promote Bitcoin.

This malware demanded owners pay a ransom in Bitcoin to free their devices from the virus.

As strange as it may seem, I, George Gor, think the malware was developed to promote Bitcoin to a wider number of users and to raise its price on the market. Who might have ordered such a virus? We can only guess. However, the idea is making some sense as WannaCry engages some mechanisms of PR which indeed might cause the growth of Bitcoin popularity.

You can read the full article and take part in the discussion here: https://coinidol.com/wannacry-disclosure-bitcoin/
1943  Bitcoin / Press / [2017-05-22] The First Japanese Airline Company To Accept Bitcoin on: May 22, 2017, 10:07:08 PM
Japanese airline company Peach Aviation has announced it plans to accept Bitcoin as payment for airline tickets by the end of 2017.

This decision aims to attract more customers, especially tourists from other parts of Asia. According to a report, Peach Aviation Ltd. will accept bitcoin as payment for airline tickets at a discount.

You can read the full article and take part in the discussion here: https://coinidol.com/first-japanese-airline-company-to-accept-bitcoin/
1944  Bitcoin / Press / [2017-05-18]Hong-Kong to Accept Bitcoin or Issue Its Own Digital Currency RMB on: May 18, 2017, 06:58:33 PM
The Hong-Kong government might accept Bitcoin as official digital currency and issue their own digital RMB. What are the chances of that?

The Financial Services Development Council (FSDC) wants Hong Kong to get ready for digital currencies, naming China specifically and citing "the likely issuance of digital RMB". It was mentioned in a paper called “Hong Kong – Building Trust Using Distributed Ledger Technology”.

You can read the full article and take part in the discussion here: https://coinidol.com/hong-kong-to-accept-bitcoin-or-its-own-currency/
1945  Bitcoin / Press / [2017-05-17]Palestine To Launch Its Own Digital Currency on: May 17, 2017, 08:10:59 PM
To safeguard itself against Israel interference, Palestine Monetary Authority consider creation of local digital currency within 5 years.

According to the report, due to the lack of the national official currency, citizens have to use Israeli shekel, Euro, US dollar, Jordanian dinar. The head of the Palestine Monetary Authority, Azzam Shawwa, told in the interview during the meeting of the European Bank for Reconstruction and Development in Cyprus, that local government consider creation of digital currency, similar to Bitcoin, to solve this problem.

You can read the full article and take part in the discussion here: https://coinidol.com/palestine-to-launch-its-own-digital-currency/
1946  Bitcoin / Press / [2017-05-16]Walt Disney Refuses to Pay Ransom in Bitcoin for Stolen Upcoming Mo on: May 16, 2017, 07:44:03 PM
Walt Disney studio seems to be being blackmailed by hackers, who are claiming to have access to Disney movies.

According to Bob Iger, CEO of Walt Disney, hackers demanded the studio pay a ransom in Bitcoins, otherwise they will release an upcoming movie before the date of the official release. Attackers threatened they would first release five minutes video of the film, then they claim they will be revealing 20-minute chunks until their financial demands are met. However, Iger said Disney is refusing to pay any ransom.

You can read the full article and take part in the discussion here: https://coinidol.com/disney-refuses-to-pay-ransom-in-bitcoin/
1947  Bitcoin / Press / [2017-05-15]Cryptocurrency Market Players Looking Forward to Macron’s New Policy on: May 15, 2017, 08:33:04 PM
French market players react to news that newly-elected President, Emmanuel Macron, might promote wider adoption of Bitcoin among the people

French cryptocurrency market players are looking forward to Macron’s possible policy regarding Bitcoin adoption. While he himself hasn’t stated his position clearly, many experts know him as a very pro-tech president, and believe he will support new-startups of the cryptocurrency industry.

Coinidol conducted a survey of cryptocurrency experts in France to find out what kind of changes they expect from their new President and his policy.

You can read the full article and take part in the discussion here: https://coinidol.com/looking-forward-to-macron-new-policy/
1948  Bitcoin / Press / [2017-05-12]Can Australia Drive Bitcoin and FinTech Development in the Southeas on: May 12, 2017, 09:39:30 PM
After the 1st of July 2017, Australian blockchain and Bitcoin-related businesses that have relocated abroad can return. Coinidol.com contacted experts from Australia and asked them about the problems that the government should solve for the cryptocurrency and blockchain markets during the next year.

Australia takes an important step toward Bitcoin and cryptocurrency acceptance with the government’s decision to drop the double goods and services tax (GST) starting July 2017.

You can read the opinions of Australian Bitcoin and blockchain experts here: https://coinidol.com/can-australia-drive-bitcoin-and-fintech-development/
1949  Alternate cryptocurrencies / Altcoin Discussion / Mysterium Releases Whitepaper Showcasing Ethereum-Based Decentralised VPN on: May 11, 2017, 10:08:22 PM
Zug, Switzerland, 10th May. Mysterium have released their white paper showcasing a new model for a blockchain-based virtual private network (VPN). Mysterium is developing the first fully decentralised and distributed VPN in an effort to safeguard online privacy. The whitepaper, released for comment today, outlines their vision for a global peer to peer network that combats the risk of cybercrime.

You can read the full artilcle and take part in the discussion here: https://coinidol.com/mysterium-ethereum-based-decentralised-vpn/
1950  Bitcoin / Press / [2017-05-10]Interest-Paying Accounts in Bitcoin - is Japanese Exchange a Pionee on: May 11, 2017, 09:28:57 PM
Japan to offer interest-paying accounts in Bitcoin. Are they pioneers or are there any other projects of the kind?

Japanese cryptocurrency exchange Coincheck is to offer the first interest-paying deposit accounts for Bitcoin. The project might have great influence on Bitcoin adoption, both in Japan and worldwide. As Bitcoin is getting increasing popular, such projects might greatly contribute to its adoption by common users.

You can read the full article here: https://coinidol.com/interest-paying-accounts-in-bitcoin-in-japan/
1951  Bitcoin / Press / [2017-05-10]Good News: Australia Drops Double Taxation on Bitcoin on: May 10, 2017, 04:19:17 PM
The Australian government has finally decided to drop the goods and services tax (GST) on digital currency purchases, including Bitcoin.

According to our recent report, the Australian government expressed its concerns about the double taxation of Bitcoin and responded that it’s going to solve the problem. The national budget for 2017-18 says that starting from July 1, 2017, purchases of digital currency will no longer be subject to the GST.

You can read the full article and take part in the discussion here: https://coinidol.com/australia-drops-double-taxation-on-bitcoin/
1952  Other / Politics & Society / Patientory Announces Crowdsale for the Launch of Its Blockchain-Secured Medical on: May 09, 2017, 06:30:57 PM
Global blockchain startup Patientory will launch its crowdsale on the 31st of May to raise funds for development of a pioneering new platform for managing patient care.
The Patientory platform will offer a blockchain-based solution to healthcare organisations who need to securely and privately store patient data. Since its launch in 2015 the award-winning startup has attracted high profile partners such as Kaiser Permanente and Startup+Health.

You can read the full article and take part in the discussion here: https://coinidol.com/patientory-blockchain-medical-records-platform/
1953  Bitcoin / Press / [2017-05-09]Bitcoin Price: $1,000 in January, $1,750 in May. What’s Next? on: May 09, 2017, 04:48:19 PM
The Bitcoin price has already surpassed its historical maximum and confidently goes higher.

The year 2017 began with a sharp rise of the Bitcoin price to $1,000. Experts expected the price to go further, while experienced users who had already faced losses because of the Mt.Gox collapse and Bitfinex security breach were unwilling to express that confidence. However, Bitcoin moves further.

You can read the full article and take part in the discussion here: https://coinidol.com/bitcoin-price-going-to-2k/
1954  Bitcoin / Press / [2017-05-08]Bitcoin, Blockchain and DLT Can Be Accepted in Russia in 2019 on: May 08, 2017, 05:57:45 PM
The Ministry of Communications and Mass Media of Russia expects that Blockchain technology and distributed ledger technologies will be legalized and regulatory accepted in 2019.
According to a report by TASS, the Ministry of Communications has issued a draft of the program called "Digital Economy of the Russian Federation", where it stated:
"The adoption of regulations supporting the usage of technologies for decentralized registration of registries and ownership certification ("BlockChain", etc.) in 2019".

You can read the full article here: https://coinidol.com/blockchain-accepted-in-russia-in-2019/
1955  Alternate cryptocurrencies / Altcoin Discussion / [2017-05-05]Wikitribune - Competitor or Copycat? on: May 05, 2017, 04:42:44 PM
Wikitribune - an actual competitor to Steemit and DECENT or simply a copypaste project with no original ideas?

Jimmy Wales, a co-founder of Wikipedia, has announced the launch of Wikitribune - a news outlet aimed at revolutionizing the news-making industry by putting ordinary people in line with professional journalists. But is the project that unique indeed?

You can read the full article here: https://coinidol.com/wikitribune-competitor-or-copycat/
1956  Alternate cryptocurrencies / Altcoin Discussion / Re: what is PIVX, is it DASH clone? on: May 04, 2017, 09:44:39 PM
 A fork of Dash, Private Instant Verified Transaction (PIVX) is popular for its proposal for Community Designed Governance (CDG). PIVX suggests that all wallet owners should be able to participate in the decision-making processes rather than depending only on Masternode owners.

PIVX has moved a step further with its recent wallet update which enables voting directly from wallets, even though such voting ability, for now, still remains an exclusive privilege of Masternode owners (MNOs).

The full article: https://coinidol.com/who-should-decide-on-the-blockchain/

1957  Alternate cryptocurrencies / Altcoin Discussion / What is The Byzantine Alternative and how does it work? on: May 03, 2017, 07:42:57 PM
Bitcoin alone is estimated to consume as much energy as Denmark by 2020. While the nordic nation is mainly powered by renewables, this cannot be said about the overwhelmingly Chinese mining farms, upholding the BTC empire.     

The reason behind Bitcoin’s insatiable power appetite is the so-called Proof-of-Work (PoW), the cryptographic algorithm ensuring that no one can mess with Bitcoin’s public blockchain. The algorithm works by letting miners compete over the solving of cryptographic puzzles in the pursuit of financial rewards in the form of transaction fees and freshly minted Bitcoins. In order to attack the Bitcoin network, a hacker would have to outcompete all other miners in this puzzle solving game. However, solving these puzzles is highly energy intensive, so much so that it would cost them the energy consumption of a small city just move some fake Bitcoins around.     

There exists a lesser-known alternative called the distributed Byzantine Fault Tolerance algorithm (or dBFT).

The full article: https://coinidol.com/the-byzantine-alternative/
1958  Bitcoin / Press / [2017-05-03]The Byzantine Alternative for Bitcoin and Ethereum on: May 03, 2017, 04:55:59 PM
The unprecedented financial success of projects like Bitcoin and Ethereum often hides the fact that both enterprises essentially live on borrowed time due to the energy inefficiency of their platforms.

Bitcoin alone is estimated to consume as much energy as Denmark by 2020. While the nordic nation is mainly powered by renewables, this cannot be said about the overwhelmingly Chinese mining farms, upholding the BTC empire.

The full article : https://coinidol.com/the-byzantine-alternative/
1959  Bitcoin / Press / [2017-05-02]Ex-Member of the SONM Blockchain Project Racketeers Investors on: May 02, 2017, 09:15:55 PM
SONM, a blockchain project dedicated to creating a decentralized supercomputer for non-specific computations, warns of the criminal intentions of an ex-team member who has begun to racketeer the escrow, advisors and members of the team since the successful end of pre-ICO sale. The team has gathered $500,000 within 10 hours.

Due to regular inquiries from respected members of the community, the SONM project is forced to issue an official statement related to Barnaba Pawłczak’s actions.

You can read the full article here: https://coinidol.com/ex-member-of-somn-racketeers-investors/
1960  Bitcoin / Press / [2017-05-02]Decentralization: Who Should Decide On The Blockchain? on: May 02, 2017, 06:33:11 PM
The proposal of Community Designed Governance may represent true decentralization of the Blockchain, but the possibility of implementation remains a subject of feasibility with the fundamental structures of both existing and future innovations.
Satoshi’s original intention

After the many troubles of Bitcoin Unlimited, SegWit is looking the most likely approach if the Bitcoin code is to be modified. For the majority of users within the community, all they want is to see is a more efficient transaction process. 

You can read the full article here: https://coinidol.com/who-should-decide-on-the-blockchain/
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