Lifeboat Foundation

We turn our attention to the three-part “big reveal” of Satoshi Nakamoto and his 980,000 Bitcoin holding which is turning out to be nothing but a CIA Ponzi scheme. Listen to Betsy and Thomas explain why all of this is a hoax and read the” Satoshi Dossier” yourself. https://patriots4truth.org/2019/08/19/satoshi-nakamoto-dossi…zi-scheme/

If you currently own cryptos, this is an audio that we highly recommend.

Continue reading “Satoshi Nakamoto Dossier Reveals CIA Ponzi Scheme” »

Bitcoin offered the first smart contract programming language the world had ever seen. Script, as this language is called, lets users encode different conditions under which coins can be spent. But while this was a revolutionary concept, it’s not easy to use, especially for more complex spending conditions. Both writing a complex contract as well as verifying that the contract does what it is supposed to do are prone to human error. Yet, especially with money at stake, correct interpretation of the conditions is of the utmost importance.

Over the past year, three blockchain engineers have set out to improve this. By stripping down Script to its bare essentials, their “new” programming language — “Miniscript” — abstracts away the complexity and should make programming on Bitcoin easier and safer for everyone involved.

“Miniscript is, in a theoretical sense, more limiting than script,” Blockstream director of research and Miniscript co-designer Andrew Poelstra told Bitcoin Magazine. “But it can do everything that people actually use script for.”

Metallicus, the startup behind the peer-to-peer payments platform Metal Pay, received an undisclosed angel investment from the youngest bitcoin millionaire, Erik Finman.

In partnership with Metal Pay CEO Marshall Hayner, the two look to develop the first “all-in-one” cryptocurrency banking platform, which includes a 17 digital asset exchange, a digital bank and a payments application with social features similar to Venmo.

Founded in September, Metal Pay has processed approximately $11 million in total payments from nearly 130,000 registered users across 38 states. On a monthly basis, the company processes $1 million in crypto or fiat for around 30,000 active users, according to Hayner.

NEW YORK, Aug. 16, 2019 (GLOBE NEWSWIRE) — After a decade of anonymity, Satoshi Nakamoto will break his silence in Part I of his “My Reveal” Sunday, Aug. 18, at 4 p.m. EDT on the Satoshi Nakamoto Renaissance Holdings website, www.SatoshiNRH.com, and the Ivy McLemore & Associates website, www.ivymclemore.com.

Blockchain startup BitFury launched an artificial intelligence (AI) unit, Reuters reports on Aug. 13.

“Data is the new oil”

Bitfury chief executive officer and co-founder Valery Vavilov reportedly said that the company’s dive into AI is motivated by the need to analyze and extract information from great quantities of data. He reportedly noted that data is becoming the new oil and stated:

The total computing power now dedicated to securing the bitcoin blockchain has set yet another record.

According to data from mining services operator BTC.com, the average bitcoin mining hash rate over the last two weeks has reached71.43 quintillion hashes per second (EH/s), up from 64.49EH/s on July 23. The threshold was breached as bitcoin adjusted its mining difficultyat block height 586,672 on Monday 2:52 UTC – that is a 6.94EH/s, or10.78 percent jump since mid July.

Bitcoin mining difficulty is a measure of how hard it is to compete for mining rewards on bitcoin. Just how difficult the bitcoin software makes it to generate new blocks adjusts every 2,016 blocks – approximately every 14 days – to ensure the block production time remains about 10 minutes at the next cycle.

Today, I was co-host of an online cryptocurrency symposium—taking questions from hundreds of visitors. A common question goes something like this:

Can Bitcoin be used in person—or
is it just for internet commerce?

Our panel had a moderator, and also an off-screen video director. As I cleared my throat in preparation to offer a response, a voice in my ear reminded me that it was not my turn. The director explained that another panelist would reply. It was a highly regarded analyst and educator in Australia. Realizing that that she was calling the shots, I deferred.

I was shocked as I listened to a far off colleague suggest that Bitcoin is not useful for in-person payments. I wonder how he explains this to the grocers, tailors, lawyers, theme parks and thousands of retailers who save millions of dollars each year by accepting bitcoin—all without risk of volatility and even if they demand to instantly convert sales revenue into Fiat currency.*

Continue reading “Spending Bitcoin in person is easy (What happens in background is elegant)” »

KEVIN WERBACH is a professor at the Wharton School, University of Pennsylvania, and the author of The Blockchain and the New Architecture of Trust. Follow him on Twitter @kwerb.

Julio Gil-Pulgar · @gil_pulgar | Jul 29, 2019 | 06:00.

Blockchain