• As the debate on segregated witness (SegWit) rolls on, Bitcoin Think editor Beautyon has hit out at critics of the technology, in particular, the Digital Currency Group (DCG). DCG A ‘Reckless Group’ In a lengthy Medium post Sunday, Beautyon stated opposition to SegWit was an example of “computer illiteracy.” He also said the DCG’s recent post titled “Scaling Bitcoin: Reflections from the DCG Portfolio” “exemplifies the problem very well” and that the group itself was

    ‘Dangerous, Reckless’: DCG’s SegWit Reflections Get Tepid Response

    | 2017/02/12 2:00 pm
  • Smart contracts and digital currency pioneer Nick Szabo has added his voice to the Blockchain scaling debate, stating that the Blockchain itself cannot handle card network transaction numbers. Szabo: Periphery Network ‘Needed’ In a blog post Thursday, Szabo eloquently described the needs of Bitcoin’s blockchain in order for it to retain its core unique selling point: censorship resistance; or what he calls “automated integrity.” “…Sacrificing performance in order to achieve the security necessary for independent, seamlessly

    Nick Szabo: Lightning Would Help Bitcoin Retain Censorship Resistance

    | 2017/02/10 3:01 am
  • Bitcoin investor Roger Ver has returned to Reddit after the social platform went back on its decision to ban him. Ver: Ban Was ‘Misunderstanding’  Following Ver’s r/memorydealers account being suspended last week, the ‘Bitcoin Jesus’ can now access and participate in all forums as before. It is understood Ver was originally banned for so-called ‘doxing’ – revealing the real identity of another user, in this case r/Bitcoin subreddit moderator Theymos. He also reposted a link, which

    Reddit Censorship: Roger Ver Returns Following ‘Misunderstanding’

    | 2017/01/24 4:00 am
  • Counterparty Foundation Community Director Koji Higashi has agreed that Japan’s future in Bitcoin is an “upward trend” and could challenge China in trading volume. Japan: World’s #2 Bitcoin Trader His comments follow mainstream media alleging the number of Japanese outlets accepting Bitcoin had quadrupled to over 4,000 in 2016 alone. In a blog post Monday, Higashi said that in contrast to China’s falling trading volumes due to exchange inspections and uncertainty over legislation, Japan’s legal

    Japan Rises to Become 2nd Biggest Bitcoin Trader in the World

    | 2017/01/17 5:00 am
  • The movie, titled “Banking on Bitcoin” has been released on January 6, 2017, in select theaters across the United States. It’s also available on VOD for those who can’t make it to the theaters. Banking on Bitcoin, The Movie Bitcoin is one of the most spoken about financial assets of this year. As the cryptocurrency’ price continues to soar, Gravitas Ventures takes moviegoers to a trip through the cryptocurrency’s timeline with its upcoming feature film. Banking

    Banking on Bitcoin: A Movie About Bitcoin, Its Past & Future

    | 2017/01/08 3:00 am
  • Let’s take a look at what some of Bitcoin’s industry insiders predict for 2017 as general sentiment is more bullish than ever and BTC is eyeing a new all-time high.  Tulip? More Like Champagne Bubbles Bitcoin is no stranger to bubbles. In fact, there’s probably a Tulip-mania inspired obituary out there already. But tulips can’t store value long-term, can’t be sent to the other side of the globe in seconds, and certainly can’t live on

    Industry Insiders Predict ‘Higher’ Bitcoin Price in 2017

    | 2016/12/26 12:00 pm
  • Christmas is once again around the corner (metaphorically speaking at least, as time isn’t actually endowed with too many corners), and you may be considering giving loved ones the gift of Bitcoin. But what is the best way to do it, and should you really be doing it at all? Not Just For Christmas: A Bitcoin Is For Life As a Bitcoin enthusiast, you probably love spreading the word, and what better way than to force coerce those you care about

    4 Ways to Give Bitcoin: The Christmas Gift That Will Keep On Giving

    | 2016/12/17 5:00 am
  • The fight for Ross Ulbricht’s freedom continues, and it’s gaining some high-profile supporters. Over thirty public figures from around the globe will gather on 4th December, starting 10 PM EST, for the “Free Ross-A-Thon”. Also read: New $1.2m Grant Seeks Bitcoin Protocol Diversity Free Ross-A-Thon is an online conference to support Ulbricht, the defendant in the Silk Road case. Ulbricht was sentenced to life in prison without parole in May, 2015. He is currently appealing

    Celebrities Turn Out to Support Ross Ulbricht Appeal

    | 2016/11/23 5:50 am
  • Bitcoin.org, a self-reported objective information site in the Bitcoin space, has warned that the Bitcoin Core wallet — the official wallet of Bitcoin — is ripe for an attack. Also Read: Node Counter On Blockstream, Bitcoin Core and Censorship “Bitcoin.org has reason to suspect that the binaries for the upcoming Bitcoin Core release [version 0.13.0] will likely be targeted by state sponsored attackers,” the website says in a post that does not elaborate which state may be

    Core Developer: Chinese Attack on Bitcoin Core Doubtful

    | 2016/08/19 5:00 am
  • In the wake of the DAO hack, which had dire implications for the Ethereum blockchain, multiple exchanges acknowledged the existence of new alternative tokens, Ether Classic, based on the original Ethereum code. Exchanges accepted the new “ETC.” Ultimately, Coinbase worked towards the same. That decision turned out to be costly, as the exchange found itself in the middle of the war between Ethereum and its “Classic” rival. Also read: Silk Road Auction Could Help Bitcoin

    Coinbase AMA: ‘ETC Was Replay Attacked on Coinbase’

    | 2016/08/11 2:09 pm
  • MIT’s Media Lab unveiled a vending machine that accepts bitcoin with a quirky twist — it was stocked solely with Soylent. Also read: Krypton Aims at More Secure Smart Contracts After Ethereum Fork Soylent and Bitcoin? A picture of the vending machine was tweeted out by MIT’s own Ethan Zuckerman last night. In it, you can see the machine was mostly empty aside from a few bottles of Soylent. The vending machine even comes equipped with

    This Bitcoin Vending Machine Is Sending Weird Signals About the Future

    | 2016/07/29 5:00 am
  • At the start of July, rumors of a “Terminator Plan” shook the Bitcoin community to its core, creating talk of mutiny among Chinese bitcoin miners, forcing Bitcoin Core out of the picture. Disclaimer: This article was provided by the Vanbex Group. Bitcoinist is not affiliated with the firms represented by the Vanbex Group and is not responsible for their products and/or serices. This dramatic addition to the long-running Bitcoin block size debate calls into question

    ‘Terminator Plan’ Calls Bitcoin Governance into Question

    | 2016/07/26 9:00 am
  • A new blockchain service, BitCluster, is making it easier for people to snoop through the Bitcoin blockchain in search of information they are trying to find. Also read: Technical Analysis: Bears Taking Hold of Bitcoin Price BitCluster: The Bitcoin Deanonymizer BitCluster claims to be the “Bitcoin Deanonymizer,” and according to the official site, it is an open source tool that analyzes all bitcoin transactions and regroups wallet addresses according to their incoming and outgoing transactions. This

    BitCluster Claims to Streamline Blockchain Data Mining

    | 2016/07/26 5:00 am
  • According to a new report from market research firm Counterpoint Research, Apple has dropped into fifth place in China’s smartphone market. Also read: New EU Cybersecurity Laws to Cover Online Banking, Markets Is the iPhone Trailing Behind its Competitors Because of Bitcoin? This news is a huge blow to the tech giant, as China represents Apple’s biggest customer base outside of the United States. Additionally, this news follows an earlier market report from the second

    Is Apple’s Attitude Towards Bitcoin Hurting Chinese iPhone Sales?

    | 2016/07/08 11:59 am
  • There have been some crazy things happening in the world of digital currency since our previous industry report. Is it possible that the identity of Satoshi Nakamoto has been revealed? Los Angeles is now home to some new Bitcoin ATMs, and BitPay has introduced us to a new kind of credit card. Take a look at some of this week’s headlines below: Editor’s note: Since press time on this article, news has emerged of Craig

    Industry Report: Dr. Satoshi, BitPay Launches Bitcoin Debit Card

    | 2016/05/06 6:00 am
  • The con is over. Dr. Craig Steven Wright will not provide proof he is Satoshi Nakamoto. While Gavin Andresen admits he might have been fooled, Jon Matonis stands behind Wright’s claim that he is Satoshi. Also read: Craig Wright Exits The Bitcoin Stage With Weird Blog Post There won't be an on-chain signing from early bitcoin blocks, but there also won't be another Satoshi. — Jon Matonis (@jonmatonis) May 5, 2016 Dr. Satoshi Exits the

    Post-Mortem Of A Con: To Be Satoshi Nakamoto or Not To Be?

    | 2016/05/06 12:00 am
  • Bitcoin community sleuths are already attempting to debunk the reported proof that Dr. Craig Wright is the creator of Bitcoin, the face behind the Satoshi Nakamoto moniker. Also read: New Ransomware Strains No Longer Want Your Bitcoin Early this morning the BBC published a report about Dr. Wright, which claimed that he provided “technical proof” of his Bitcoin creator identity. Giving a demonstration in London to BBC, The Economist, and GQ, Wright “digitally signed messages

    Skepticism Abound: Community Wary of Craig Wright Satoshi Claims

    | 2016/05/02 12:42 pm
  • The BitHope Foundation is the first Bulgarian non-governmental organization (NGO) that uses cryptocurrency exclusively. This foundation is reportedly the first crypto-exclusive NGO in compliance with Article 33 of the Law on Nonprofit Legal Entities. BitHope believes that cryptocurrencies are the best form of money “that has been created by the human intellect,” which is why it wants to use digital currency to help people. Also read: John McAfee: ‘There are Tremendous Technology Problems With Bitcoin’

    BitHope Speaks: Scalability and the Future of NGOs

    | 2016/03/08 6:00 am
  • There’s never been a whirlwind of politics surrounding an open source project on the scale that we see with Bitcoin. Alternative implementations are considered controversial on principle, and Core devs can’t propose a bug fix without being accused of manipulation on behalf of outside interests. However, BSD, another popular open source project, doesn’t seem to have these problems. Why not?  Also read: Ethereum Node Growth Explodes on “Homestead” Release At the same time, though, we’ve

    Bitcoin Devs Could Learn a Lot from BSD

    | 2016/03/06 6:00 am
  • Editor’s Note: This article has been modified to correct a misquote. This article originally quoted Brian Armstrong as saying that the Core team was a “Systematic” threat to Bitcoin, when he actually said Core was a “Systemic” threat. Coinbase CEO and co-founder Brian Armstrong recently published a Medium blog post titled, “What Happened At The Satoshi Roundtable.” In this post, Armstrong calls for an immediate block size increase to 2 MB, the creation of a new Bitcoin

    Coinbase CEO: Core Team is a “Systemic Threat”

    | 2016/03/04 6:03 pm
  • On February 29, BitGo engineer Jameson Lopp tweeted a screenshot of the /r/bitcoin front page, capturing ironic frustration coming from redditors posting on a board controlled by Theymos, notorious for censoring any anti-Core discussions about the Bitcoin block size. Also read: Bitcoin Classic Drama Hits New High, Debate Continues The top post on the screenshot was titled, “Is there a stress test going on right now?”, the user wondering if testing could be the cause

    Block Size Blues: Confirmation Times Rising as 1 MB Limit Looms

    | 2016/03/01 6:00 am
  • One week into their Initial Coin Offering (ICO) upcoming decentralized application platform Lisk reports that it has already raised over 1200 bitcoins, totaling around $500,000 USD. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not responsible for the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services. Lisk Funding Shows Very Promising Start The ICO began a week ago on February 22, 2016. Getting massive start by raising

    Lisk Raises $500,000 in First Week of ICO

    | 2016/02/29 4:00 pm
  • Bitcoin Classic has been a point of controversy since its announcement. Taking on Bitcoin Core head-to-head, Classic proposes an immediate block size increase to 2 MB, with provisions for future increases. The block size debate has always been contentious, apt to erupt into name-calling and mudslinging. But now, with Core facing serious competition from Classic, this scalability issue may soon be forced to come to a head. Also read: Bitcoinist Weekly News Re-Hash: Bitcoin Classic

    Bitcoin Classic Drama Hits New Highs, Debate Continues

    | 2016/02/29 12:15 pm