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Bitcoin: happy new year or heavy hangover?

Bitcoin: happy new year or heavy hangover?

Post Date 12 January 2017 Author


You’re already well informed about bitcoin’s rocketing price over the new year period; it’s a roller-coaster we shared. Elated, with an undercurrent of giddy nausea, am I right? But can we draw any wisdom from the recent price activity? Taken in a short or long term perspective, there are many predictions to be made, but I’m sure like me, you want to cut through the BS and see what’s really been happening. So sit down, take another alka seltzer, and let’s dive into the nitty gritty that explains why you were suddenly rich for a few days last week.

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Can bitcoin take on the reserve bank of India?

Can bitcoin take on the reserve bank of India?

Post Date 30 December 2016 Author


In a post-ironic, hyper-Orwellian paroxysm of pomposity, the reserve bank of India has warned its citizens against the dangers of using, holding and trading bitcoin. And I quote “there is no underlying or backing of any asset for virtual currencies and as such their value seems to be a matter of speculation.” Now I don’t know about you, but that’s the funniest thing I’ve heard ALL YEAR. A currency whose value is a simple matter of speculation – imagine that! In the year that saw the bitcoin doomsdayers filling column inches by the mile, the reserve bank of India may have inadvertently saved us from ourselves by cancelling (out of nowhere) their two largest denomination notes – the 500 and 1,000 rupee.

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The people vs Segregated Witness

The people vs Segregated Witness

Post Date 21 December 2016 Author


If you wanted to take something fairly boring and make it sound like a gritty South African crime drama, you could do a lot worse than naming it Segregated Witness. However, once your target audience realises that the name is the most interesting part, and worse still, the plot is full of holes, your dream of bridging the bitcoin divides may be over before its begun. Harsh? Luckily for SegWit, it’s not up to me, and for the sake of a community in crisis, I’m willing – eager, even – to be proven wrong.

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Bitcoin Unlimited is settling the block size debate for good (whether you like it or not)

Bitcoin Unlimited is settling the block size debate for good (whether you like it or not)

Post Date 30 November 2016 Author


Is the bitcoin community really so stubborn and divided that it would rather risk a hard fork than find a block size solution that everyone can live with? Although the blockchain hasn’t technically forked as yet, it looks like it’s only a matter of time, and that a hard fork is inevitable. For anyone actively involved in the bitcoin project, this is a pretty big deal however you look at it, with large amounts of money potentially at stake. Bitcoin Unlimited is the usurper at the centre of this storm, creating a trail of controversy and division in its wake. Is the best we can hope for a repeat of the recent saga over at Ethereum? Really, it depends on you.

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Ethereum: a tale of two blockchains

Ethereum: a tale of two blockchains

Post Date 06 October 2016 Author


So, once more the world of cryptocurrencies has been rocked by conflict, controversy and uncertainty – fortunately for us bitcoiners, it’s happened on the other side of the fence: Ethereum. If you follow this blog regularly, you’ll remember it wasn’t very long ago that the DAO disaster punched a massive hole in the Ethereum project, and it’s been reeling ever since. If you need a quick recap, here’s what happened: someone exploited a loophole in the Ethereum smart contracts feature to take lots of money out of a fund that had been accumulated to give to selected startups and other tech projects.

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