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Five of China's biggest mining pools — AntPool, F2Pool, BTCChina, BW Mining, and Huobi — have mutually agreed to a raise of the block size limit to 8 MB. They collectively rejected Bitcoin core developer Gavin Andresen's proposal to raise the limit from 1 MB to 20 MB, and instead presented a compromise. BTW, these pools jointly account for some 55% to 60% of all hashing power on the Bitcoin network. |
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Interesting quote from the article:
“After NZ, Canada looks like the most attractive prospect for us. We'd love to set up shop there!”
Apparently Australia has decided to double tax bitcoin with recent ruling.
New Zealand and Canada are apparently bitcoin friendlier.
The country that declares itself a bitcoin business haven, is sitting on a goldmine.
It leaves me wondering why many other countries don't understand it. |
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/qbqp33x]USA Freedom Act is no reason to celebrate?Both privacy advocates and the NSA are celebrating the USA Freedom Act that passed the Senate on June 2. The act legalized and simplified the collecting of phone metadata for the NSA. Meanwhile Skype continues to collect voice, chat, video and other data, and deliver it to the Five Eyes international spy coalition. “What no one wants to say out loud is that this is a big win for the NSA, and a huge nothing burger for the privacy community.”
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 The bitcoin-fiat exchange market has exploded over the last year, but it isn’t alone. In 2015, amid currency swings in the Russian ruble and the Euro among others, an increasing number of traders are looking to gold as a natural fit for their bitcoin holdings. Please click image above to read on... |
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What's this Business Catalog anyway?
I guess, this is it |
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As for startups, BTCChina was huge this past year.
Bitstamp's input looks more important now that I think of it. |
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My vote for San Francisco as the Bitcoin capital of the year!
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Edit: BFL are not nominated  Although BFL has scammed horribly I would argue that they have somewhat benefited the community. It has taught potential customers of miners the importance of not paying for preorders when the miners are not going to be shipped immediately (or in the very near future). It has caused miner manufacturers to put more skin in the game and as a result have produced higher quality products. That's a questionable reason to nominate them at all. |
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I hope something like this never catches on, it would ruin the fungibility of Bitcoin, and would disqualify it from ever being called money.
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While its clearly attention seeking, public displays like this are excellent to show the uninformed how quick and easy its is to instantly send money to anyone in the world with Bitcoin.
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WTF is money.
Money is basically favor vouchers. You do something for someone and they give you some item (gold, seashell, signed piece of paper, etc.) that society agrees gives you the right to call in that favor owed to you, but the cool thing is it doesn't even have to be from the person you did the original favor for. The way Bitcoin works is instead of actually passing around gold or pieces of paper to record who did what for whom, a globally synchronized accounting ledger records this data in a cryptographically secure way. Since no tokens have to be physically transported, it is global and fast. But since no central authority controls it, it cannot be politically messed with, inflated, confiscated remotely, etc. It's like gold that weighs nothing, that you can carry in your brain without anyone knowing, and that you can teleport anywhere in the world for a tiny fee or even no fee. You can do this with a few cents or a few million dollars just the same way. Well put. There is a beautiful essay from Nick Szabo ("Shelling out - the origins of money") which explains this in more detail: http://szabo.best.vwh.net/shell.html |
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Very well said. It frustrates me to read these "what's in it for me" posts by people who either have no interest in or are oblivious to the big picture.
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The tone of the media is certainly becoming more and more positive with every day that passes.
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Can we start using scientific notation for cases like this please?
1e-7 BTC = 1 finney is what you propose if I didn't miscount
1e-8 BTC = 1 satoshi
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Gotta get their thumbs into the bitcoin pie somehow
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Yes, everyone wants to accept bitcoin, but that's not news. The real question is why me as a user would want to pay with bitcoin? When I pay with credit card, I get 2% cash back. When I pay with bitcoin I have to pay Coinbase 1% fee and I get zero cash back. In addition, I need to make sure the price of bitcoin hasn't moved between the time I bought them on Coinbase till I make the purchase. It's just a complete no-brainer that I should use my credit card whenever I can, instead of bitcoin.
A
nd just to clarify, the businesses are not really accepting bitcoins, they are only accepting them temporarily so they can immediately convert 100% into dollars.
You're absolutely right. It doesn't make sense right now. But I will say this...you should be grabbing a piece of pie right now! |
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You do realize it's a joke that's trivializing and dismissing bitcoin right?
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Man's bitcoin mining leads to police raiding his home for using a suspicious amount of electricity  |
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Coulda used that a couple weeks ago, don't need it now |
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