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Thursday 25 January 2018

Muslim Womens Liberation

Did you know that women can't get normal bank accounts in some countries like Saudi Arabia. At least now they can stash crypto.

Sunday 21 January 2018

Bitcoin Gold

What will happen with the first friendly fork? After the first fork many people took the opportunity to secure their coins. Now they are hard to get at bitcoin gold may have an advantage. The price is currently$198USD and number 16 on the list and at least the website doesn't have any spelling mistakes.

Tuesday 16 January 2018

Bitcoin Fork for the Starving Millions

I had an idea pop into my head at the local bitcoin meetup last night when talking about M-Pesa and crypto currency solutions for people with only a smart phone in their pockets. It is a challenge that is being tackled in many different ways, however I think there may be a straightforward human solution. "Bitcoin Africa" here's my plan.

We fork bitcoin with a basic fork and encourage bitcoin holders whom receive the new coin to donate it to people in undeveloped countries or who simply in need the money. With the current rate and relative success of bitcoin forks and a potential of $200B this could be one of the greatest charitable programmes of all time.


Before the fork we develop a social media like sign up process for people wanting donations. They could put a up a photo, video or something to verify that they are a real person and would get the wallet at the same time. After the fork people who currently have bitcoin, automatically get an equal amount of the new coin, instead of selling the fork which would drop the price, they donate it directly to someone of their choice online. this has minimal cost to the bitcoin holder and could really enrich the receivers if the Africa coin held its value. The social platform would also allow human influence over distribution.

I suggest the fork would use some small but relevant and well tested technical updates. A new mining algorithm that could run on a cell phone, maybe the light coin mining algorithm, it would have fast small blocks and potentially use POSV (proof of stake x velocity) with a heavy emphasis on velocity if it is easy to implement and not too complex for people to understand. this encourages spending and removes the advantages for wealthy people that are associated with POS.

So that's it, take it and run with it. With new found wealth bitcoiners have a chance to be socially responsible. We just need to decide ón a colour and how far to twist the logo.

Monday 15 January 2018

Invasion of Tron Fans

Number 14 on the coin market capitalisation list is Tron. The price has sky rocketed recently. No I'm not the creator of Tron. I'm not Tron, Jack Ma is. you know the guy from Alibaba, he's pretty cool, but I kinda think Tron might not be. It looks cool but maybe there is nothing really there. The Altcoin boo is still on, beware of flashy graphics.
 

Ivy - Easy Smart Contracts for Bitcoin

Etherium Solidity like smart contracts meet the bitcoin blockchains ultimate security. Ivy is a platform that makes programming easy and available for the everybody. It's a slow creeper, you can download it here, and read more about it all over the place.

Saturday 6 January 2018

RSK is Live

Bitcoin now has a new sidechain running live, rumoured to have all the capabilities and usability of Etherium. RSK is a big deal.

Bitcoin.com, Bitcoin Cash, Rogers Double Edged Sword

Roger Ver is definitely no longer Bitcoin Jesus "Insider trading is a non-crime" killed that. However I don't think that he's the super villain that r/bitcoin people would have you believe. He's kind of half way between, or maybe just a normal guy with slightly different ideas. Bitcoin cash is not all of our idealised form of bitcoin, but it does address the rising transaction costs on the bitcoin network. This problem, though put simply is just caused by over demand for bitcoin, does still need to be fixed and quickly would be good. It is an important issue for crypto currency as a whole. Bitcoin is mastering the store of value stage and entering the medium of exchange stage. The whole thing has now become so massive now and moves more slowly, characters are larger than life, it brings on ideas from a pod cast I've been listening to about the early roman empire. There is a sence of certainty around the crypto empire despite its division. Is Roger Ver the Romulous to bitcoin cores Numa?

Bitcoin Cash (BCH) though originally thought of as a violent attack to bitcoin, is now becoming  kind of commercial arm. The web site promotes easy cheap transactions stored on a blockchain for everyone. It has a charismatic, handsome anarchist leader who normally keeps his cool and with billions of dollars in cryto behind him and an aversion to state.
 
Bitcoin Core (BTC) has settled into the careful and calculated approach. Thousands of independent developers pine over everything and the code moves very slowly. There is no leader and there is no clear agenda apart from decentralisation. The slow disorganised swarm of certainty and higher morals.

Because of the decentralised ideology there is no central media repository for the original bitcoin. This is a hard ste for the general public to take. Bitcoin.org a volunteer web site may be the closest thing, though it only lists a few news outlets (notably missing bitcoin.com) and even to state that it is the place to go is a kind of decentralist blasphemy.

Bitcoin.com even though it is owned by Roger provides a platform has been a long time mainstay of bitcoin (since the days of satoshi) and is now building a bridge between the two bitcoin forks. Due to the circumstances the site has to retained the concepts of both coins and offer simple explanations to the public in accessible way. It is a view that also provides information on alternative crypto currencies. Just recently it was one of their articles that let me know that the price of doge had reached one cent. whilst it still provides a healthy level of scepticism, Dogeillionares and not quite bitcoin maximalists can appreciate this. It is also good mind food for nubies.

Together attacks to bitcoin and crypto currency are much more easily deflected or infiltrated. Thought they are not allies, and admittedly I sold most of my bitcoin cash early on, I am impressed by the success of bitcoin cash. I wonder how old bankers will counter this new sword and the shield combo. Roger Ver is a force to be reckoned with, people should know this name and I think on the whole he is doing a lot of good.

Monday 1 January 2018

Cardano is Crap

Alt coins are on anouther teir as of recent with Ripple taking 2nd place and Cardano apearing in the top 5, surprisingly above litecoin. Investors need to make sure they understand what they are doing and research their coins. Cardano and it's currecy called Ada is underdeveloped and imature and unlikely to prove itself. Even it's web site show a clear lack of direction. The writting is ruffer than mine.

People should understand that computer security involves having the most comitted developers, the smallest attack surface and the most processor cycles. Decentralisation is also an important part of the movement and it's strength.

In my opinion Ripple and Cardano are over rated.