Crypto Banking Expands With Positive Interest Rates and New Services

Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to corporate and private clients. However, businesses and savers don’t have to put up with losing money as the expanding banking services in the crypto space come with much better conditions, including positive interest rates.
Also read: Major Swedish Bank Orders Negative Interest Rate on Euro Deposits
Bank Accounts With Bitcoin Wallets in 31 EEA Countries
With the number of cryptocurrency users growing constantly, the need for dedicated digital asset banking naturally increases too. Currently, companies specializing in this niche are actually offering better terms to their customers than traditional financial institutions are able to provide within the fiat system. Of course, it remains to be seen if they will maintain the competitive edge once demand for their services expands significantly.
Germany, the leading EU economy, is now witnessing a backlash against low and negative interest rates. Politicians from different factions have expressed support for an initiative to outlaw punitive interest on deposits of up to €100,000. With negative rates imposed on them by the European Central Bank, ordinary German savers feel like they are once again paying the bill for the rescue of the common currency, the euro. And the ECB is preparing for a new rate cut to an all-time low of -0.50% this month.

Cryptocurrencies are an alternative to fiat money in many respects and they are likely to attract more attention as clouds continue to gather over the world economy a decade after the global financial crisis and the birth of Bitcoin. And while some have warned crypto companies probably shouldn’t try to become the banks of a new financial era, there are also reasonable arguments that in many cases they can actually provide better services based on the strengths of decentralized digital currencies.
Berlin-headquartered Bitwala has established itself as a crypto banking and payment provider in Europe. Towards the end of last year, the company announced it’s offering customers bank accounts with Ibans through a partnership with Solarisbank, a licensed financial institution operating under the oversight of Bafin, the Federal Financial Supervisory Authority of Germany. Deposits up to €100,000 will be protected by the German deposit guarantee scheme. The bank accounts come with a bitcoin wallet and a free debit Mastercard for payments and withdrawals, as reported.
Bitwala recently launched a bitcoin banking app for iOS and Android. The company explained that residents of the European Economic Area, all EU countries plus Iceland, Liechtenstein and Norway, can open a German bank account that comes with an integrated BTC wallet and start trading on their smartphones. The onboarding process is now fully integrated into the mobile application and opening a new account takes only a few minutes. The platform uses video identification and EEA residents are required to provide a valid national ID as well as a proof of address. In a statement issued in August, Bitwala Chief Technical Officer Benjamin Jones noted:

Once you have an account, you can seamlessly integrate your daily banking activities – whether in bitcoin or euro – into your everyday life.

Bitwala users can buy and sell cryptocurrency directly from their bank account with a low 1% fee charged per trade. The multi-signature wallet also allows them to transfer bitcoin on a peer-to-peer basis with friends and family. Transactions can be authorized by using biometrics. The company assures customers that in order to protect their coins in the Bitwala wallet, the private keys will remain in their hands.
BCH Users Can Now Spend Crypto via Apple Pay and Samsung Pay
Zeux is another fintech company that provides banking solutions for both digital and traditional currencies. It recently launched its new Zeux app for Android and iOS devices and introduced bitcoin cash into its ecosystem. The cryptocurrency is now listed on its mobile app which allows crypto users to pay with BCH via Apple Pay and Samsung Pay. The listing will help bring cryptocurrency into everyday life, Zeux explained in an announcement published on Medium.

The banking platform noted that Bitcoin Cash provides peer-to-peer electronic cash transfer at low fees and high security, thereby fulfilling the original promise of Bitcoin. Executive Chairman Roger Ver welcomed Zeux’s effort in adding more utility to BCH holders and the whole community, describing it as a step in the right direction. “We’re glad that yet another crypto player sees the value in Zeux and not only what we can offer them, but what we can offer their customers. We look forward to what’s in store,” Zeux CEO Frank Zhou commented and stated:

BCH is one of the most prominent coins in the crypto space and working alongside their team brings us all closer to the mass adoption of cryptocurrency.

Earn up to 10% Interest on Your Bitcoin Savings
With the spread of decentralized digital assets and the problems fiat currencies are facing right now, often due to failed central bank policies, demand for traditional-style banking services in the crypto space will continue to grow. There’s a void to be filled and platforms such as Cred are doing exactly that. A partnership with aims to expand global lending and earning on cryptocurrency investments.

The cooperation allows customers to earn interest on their crypto holdings, up to 6% on bitcoin cash (BCH) and 10% on bitcoin core (BTC) invested with the Credearn product. The interest can be paid in either bitcoin cash, bitcoin core or Cred’s own LBA token. That provides clients with multiple interest options in a departure from earning interest only in fiat dollars. Over 4.6 million users of’s wallet can now take advantage of the crypto saving feature.
Similar to a bank, Cred uses the pledged assets to lend to various borrowers including retail investors and money managers. That’s on a fully collateralized and guaranteed basis as the platform works with trusted collateral agents and leading custody partners including Bitgo, Bittrex Enterprise and Ledger. The aim is to ensure the safety and security of the digital assets deposited by its customers.
Norwegian Bank Invests in Crypto Exchange
Traditional financial institutions have been tempted to get involved in the crypto space and provide services related to digital assets. Such is the case with Sparebanken Øst, a Norwegian savings bank, which recently announced it had bought a 16.3% stake in the Norwegian Block Exchange (NBX) for 15 million Norwegian krone (approx. $1.67 million). The new trading platform is expected to start operations this month.

Admitting the high risk of the investment, Sparebanken Øst nevertheless noted in a press release its belief that “the ownership position in NBX is sound, based on the bank’s solidity and risk profile, and is responsible in relation to the bank’s needs and desire to take a leading role in technological developments in the industry.” The crypto exchange itself plans to also provide payment services to its customers. NBX will be fully compliant with Norwegian regulations applicable to its financial activities.
If you don’t want to miss an opportunity to get into the crypto space, you can safely and securely purchase bitcoin cash and other major cryptocurrencies at To freely trade your crypto assets, visit our noncustodial, peer-to-peer marketplace, which already has thousands of users around the world. Also, check out our newly launched premier trading platform Registered users can access it right now and over 10,000 have already signed up.
Do you expect the crypto banking sector to grow rapidly on the backdrop of low and negative interest rates offered by traditional financial institutions? Share your thoughts on the subject in the comments section below.
Images courtesy of Shutterstock, Zeux.
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Bron : Bitcoin en toekomst van crypto

Stablecoins and Exchange Coins – What’s the Difference From the Ol’ Corporate Bond?

A new weekly record was set last week in global corporate bond sales, with investors grabbing hold of around $140 billion in new bonds according to data from Dealogic. This occurs against a backdrop of negative yielding debt, and the meteoric rise in popularity of stablecoins and exchange-native tokens across the crypto space. The near ubiquitous presence of coins like USDT on major exchanges, and the still nascent wave of exchange tokens like Binance’s BNB, signal a new era of cryptocurrency trading and investment. What remains unclear, however, is what separates these coins from traditional, legacy systems of investment such as their corporate bond cousins, and what all the hubbub is really about.
Also Read: Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential
The Good Ol’ Corporate Bond
Corporate bonds are a debt security a lot like government bonds, but with generally higher interest rates due to higher risk. An investor buys a corporate bond, receives regular interest payments until the bond matures, and at that time can claim the face value of the agreement. In short, it’s another way of financing debt, bonding the corporation to voluntary debt holders until bond maturity, when the par value must be paid to the investor.
Last week’s record investment spree in companies like Apple, Disney, and Coca-Cola is notable because companies are refinancing debt thanks to a surge in investment brought on by dismal corporate yields elsewhere, especially Japan and Europe. This is the first time Apple has borrowed through the bond market since 2017. In essence, they’re riding the waves created by sinking debt ships overseas. The situation with government bonds in many countries is also extremely bleak, with record negative yields being hit in some European countries.
Should a business fall flat on its face and default, bondholders are left holding the debt temporarily, or may take a hit if the company files bankruptcy and issues newer, less valuable bonds to pay back the bag holders. Further, if the economies where these negative yielding fixed income instruments are issued recover, investors in the current low interest market could take a big hit.

Stablecoins and Exchange Tokens
Stablecoins are designed to bring an element of security to cryptocurrency. They can be backed with fiat currencies, commodities, or other crypto tokens. The name itself says it all. Where other assets like bitcoin, ether, and monero experience significant volatility, these assets remain relatively stable as they are pegged to less tempestuous currencies or commodities. Coinbase’s USDC (U.S. Dollar Coin) is a model example. According to Coinbase:
Our mission is to build an open financial system for the world. As part of this mission, we want everyone to enjoy the stability of the world’s fiat currency, the US dollar. USD Coin allows unbanked and under-banked individuals in any country to hold a US dollar–backed asset with nothing more than a mobile phone.
Exchange tokens, on the other hand, are assets created by exchanges which afford their holders some exclusive in-house benefits. In the case of Binance’s BNB Coin, whose ICO helped to finance the creation of the Binance exchange itself, users get discounts when they use BNB to pay fees and can trade the token for other assets on the exchange. There are also buy back programs set up to occur periodically at which times holders can sell the coins back to Binance. Supply will be limited to 100 million BNB after buybacks and burning are complete.
Coinbase’s USD Coin is pegged to the U.S. dollar.
Some of the major stablecoins dominating the market today include Tether (USDT), Trueusd (TUSD), Paxos (PAX), USD Coin (USDC), and Dai (DAI). Leading exchange tokens include Binance (BNB), Huobi (HT), and Kucoin (KCS).
So What’s the Difference?
Like corporate bonds, both stablecoins and exchange coins have a value dependent on the success of some external entity or asset. For example, should Binance run into major trouble, and become insolvent, the value of BNB will suffer right along with the company. Should the U.S. dollar plunge farther and farther into inflated devaluation, a USDC peg to the currency won’t provide as much security. For those paying attention to the global economy, these scenarios are not difficult to imagine.

With non-pegged, non-exchange assets like bitcoin, there is volatility. However, this volatility is more loosely correlated with external deterministic factor than these others. In this sense, a free market setting is ideal for something like bitcoin, as liquidity and supply and demand factors find their balance in such an environment not via mandate, but through organic transaction.
In an open market setting, tying an emergent asset to a pre-established asset might be foolish, as it could weigh down the potential for the new asset to develop, grow, and unfold as a useful, sound currency. Under the current monopolistic paradigm, however, where force is leveraged to ensure fiat such as the USD is used exclusively as a world reserve currency, stablecoins and pegged assets remain secure, resting on that very same artificial monopoly. In a nutshell, most stablecoins, exchange tokens and corporate bonds are tied to the devaluation trajectory of the world reserve currency, the U.S. dollar.

Questionable Intent
Returning to the above quoted statement from Coinbase’s USDC webpage, marketing stablecoins and exchange tokens as means by which to allow “unbanked and under-banked individuals in any country to hold a US dollar–backed asset with nothing more than a mobile phone” seems more than a bit deceptive.
For example, if an impoverished and unbanked family in India wishes to gain access to this “open financial system for the world” they may have to come up with “certain personal information including, but not limited to, your name, address, telephone number, email address, date of birth, taxpayer identification number, government identification number, information regarding your bank account … network status, customer type, customer role, billing type, mobile device identifiers,” as per the Coinbase’s user agreement. The unbanked are somehow assumed have TINs, home addresses, government IDs and, yes, even bank accounts.
Further, although stablecoins like USDT are said to be backed by fiat reserves, there has been serious controversy calling these claims into question. Tether was put in the hot seat after the website was discovered silently replacing “Every tether is always backed 1-to-1 by traditional currency held in our reserves … 1 USDT is always equivalent to 1 USD,” with the claim that the reserves now consist of “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” When asked last week about this, co-founder William Quigley told Bloomberg:
Whether or not Tether was backed by a dollar or not, actually wouldn’t matter if everybody agreed to take Tether and to value it at a dollar themselves.
If it doesn’t matter whether a dollar-backed stablecoin is backed by a dollar, one is left to wonder about the purpose of even calling it a stablecoin. Some companies issuing corporate bonds have historically made similar questionable claims, and promises with fingers crossed. As with investors in these bad bonds, users of stablecoins and exchange tokens must put their faith in the company’s success and track record, and not in the currency or protocol alone.

Benefits of Bonds, Stablecoins, and Exchange Tokens
In any successful economy, tools like debt securities, pegged assets, and native rewards systems or in-house currencies can serve useful functions for business owners and value holders alike. Much like the SLP universe being built on the BCH blockchain currently, specialized financial tools give their holders unique flexibility and opportunities in moving throughout the ecosystem of their specific economy.
An oversight being made in the crypto space today, however, is to compare things like fiat-pegged stablecoins and exchange tokens in an apples to apples fashion with non-pegged, free market assets like bitcoin. While the USD reserve paradigm affects all markets, the critical difference between non-pegged, permissionless assets and corporate bonds, fiat stablecoins, and exchange-native tokens, is that ultimately the latter three are tied to businesses and pre-existing financial paradigms, where the former are their own entity, free to move and grow even in the absence of legacy banking systems, or a sudden corporate default.
What are your thoughts on the difference between stablecoins/exchange coins and corporate bonds? Let us know in the comments section below.
Images courtesy of Shutterstock.
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Bron : Bitcoin en toekomst van crypto

10 Useful Browser Plugins to Help Crypto Users

There are many different browser extensions or plugins that benefit cryptocurrency users, ranging from price trackers and wallets to those that help crypto users with security and privacy. has produced a video, listing 10 of the most useful browser extensions with explanations of how they can help crypto users.
Also read: Central Banks Worldwide Testing Their Own Digital Currencies
Video: 10 Useful Plugins for Crypto Users
Many browser extensions are useful and sometimes even necessary for cryptocurrency users. Popular browsers — including Chrome and Chromium, Firefox, Safari, Opera, Internet Explorer, Brave, and Edge — support many of them. The latest installment of’s top lists video series entitled “10 Useful Plugins for Cryptocurrency Users” features the 10 most useful browser extensions that all crypto owners should be aware of. It also explains how to use them as well as why they are beneficial to crypto enthusiasts.
Among the plugins featured in the video are those tracking prices of cryptocurrencies. One is Coinmarketcap Price Ticker which can display prices of up to five cryptocurrencies from listings on the popular website Another price tracking browser extension, Crypto Price Tracker, also made the list. Alongside them, hardware wallet plugins can sometimes be necessary for crypto users, as the video details.
Coinmarketcap Price Ticker
A different type of browser extension featured in the video is Metamask, an in-browser Ethereum wallet which allows ETH and ERC20 tokens to be sent and received. Available for Chrome, Firefox, Opera, and Brave, it also lets users access Ethereum-enabled dapps in their browsers. For Bitcoin Cash (BCH), the Badger Wallet extension allows users to interact with BCH apps, as described in the video.
Some browser extensions are not crypto-specific, but users of cryptocurrencies should find useful. One example is Adblock Plus, one of the most popular ad blockers with over 10 million Chrome users utilizing it to block ads they come across on the web. It provides crypto users with additional privacy and security, such as by way of blocking ad-delivered viruses and putting a stop to ad-based tracking. Another useful plugin is Privacy Badger, which automatically learns to block invisible trackers and removes outgoing link click tracking such as the types used by Facebook, Google and Twitter.
Privacy Badger
There are also browser extensions which block crypto-mining scripts, preventing crooks from using your computer’s resources to mine cryptocurrencies for them. The video features one in particular called Minerblock, an extension which uses two different approaches to block mining scripts. One is based on blocking requests/scripts loaded from a blacklist, while the other detects potential mining behavior inside loaded scripts and kills them immediately.
In protecting your computer against different types of malware, the video also recommends Metacert’s Cryptonite which installs a new shield on your browser toolbar that turns green when a link or a website is safe. It aims to protect against phishing, malware, ransomware, and crypto mining. While the above browser extensions focus on computer and browsing security, the video also has a plugin on its list that helps users shop online at discount. has been helping many crypto users get between 5-33% off of anything on Amazon when paid with BCH or BTC.

Possible Risks of Using Browser Extensions
While browser extensions can be useful and convenient, there are several factors crypto users should be aware of when installing them. While most of them may be perfectly harmless, some can log keystrokes, steal passwords, collecting data, and even harvest information from companies’ employees. Users should only install browser extensions directly from companies’ websites or official web stores which at least undergo some level of scrutiny. User ratings, number of installs, and reviews by other users can also help you decide whether a browser extension is safe. Nonetheless, some extensions in official web stores may still contain malicious code.
In July, researcher Sam Jadali discovered several Chrome and Firefox browser extensions that collect browsing history and transfer it to a third party. In addition, he found a platform where such data is bought and sold.

Cybersecurity and anti-virus provider Kaspersky Lab explained that crooks are attracted to browser extensions because many of them have massive user bases, and they update automatically so malicious code is pushed to a large number of users instantly. The malicious code could be uploaded by the extensions’ developers themselves, or their computers could be hijacked. Further, the firm noted that browser extensions are difficult to monetize so companies often approach developers to purchase them. Once the ownership changes, malicious features could be included in the next update and pushed to users. This was the case with “Particle” (formerly known as Youtube+), a Chrome extension which allowed users to change the UI and behavior of some of Youtube’s standard features. It was sold to a company that immediately turned it into adware.
When using browser extensions, experts advise not to install too many which would affect your computer’s performance and increase attack vectors. Further, it is important for you to pay attention to the permissions required by the extensions, particularly those asking for permission to read and change your data. Permission requests should logically match the functionality of the app, otherwise, it’s a red flag. If an already-installed plugin requests new permission, it could also be a red flag that it might have been hijacked or sold. Lastly, there are anti-virus software programs to help you neutralize malicious code in browser extensions.
What do you think of the 10 plugins featured in the video? Let us know in the comments section below.
Disclaimer: does not endorse or support claims made by any parties in this article. None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock and Google’s Chrome Web Store.
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Bron : Bitcoin en toekomst van crypto

‘Avoid Biased Calculations’ Says Crypto Researcher After Cherry-Picked Chart Debate

On Friday, crypto analytics site Messari and data analyst Zack Voell shared a controversial chart called “Bitcoin Cash versus Lightning,” which claims to display a comparison of activity for both networks. Voell contended that the Lightning Network was growing at a faster rate than the scaling solution BCH has to offer. The way the chart was portrayed and the written critique was contentious, to say the least, and crypto supporters accused the Messari analyst of being biased and “cherry picking” data.
Also Read: Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present
Messari Analyst Accused of Cherry Picking Data
Zack Voell, a data analyst from Messari, stands accused of producing biased material for the website that claims to “promote transparency and smarter decision-making in the cryptoasset community.” On Sep. 6, Voell tweeted a chart that claimed to show the comparative growth and use of BCH versus the Lightning Network. A quick glimpse at the chart shared by Voell makes it look like the Lightning Network has seen exponential growth while the BCH side is dreary. According to the author, “[BCH] transaction count, traded volume, returns (denominated in Bitcoin), and active addresses all fell by double-digit percentages since September 2018.”

Bitcoin Cash versus Lightning
YTD of comparative network activity seems to show one scaling solution growing significantly faster than the other. (Obviously, the comparison is imperfect, but these data are still telling.)
— Peter Ryan (@_PeterRyan) September 7, 2019

Following Voell’s tweet, live stream host Collin Enstad laughed at the Messari analyst’s chart and asked: “Did you just cherry pick a stress test day from a year ago and then claim the transaction count is down over 90% — 12 months later?” During the first week of September 2018, BCH participants had multiple stress tests and the network saw millions of transactions per day on a few occasions that week. In fact, many BCH supporters believe the September stress tests proved that Bitcoin can scale, when miners processed 2.4 million transactions in one day and fees remained at $0.003-0.001 per transaction.

In response to Voell’s tweet and chart, the researcher from Ryan Research, Peter Ryan, asked the Messari analyst why he didn’t use year-to-date (YTD). Ryan further explained that looking at the comparative growth and use of Bitcoin Cash versus Lightning is better with YTD metrics. “YTD of comparative network activity seems to show one scaling solution growing significantly faster than the other. (Obviously, the comparison is imperfect, but these data are still telling),” Ryan’s tweet said. Following the discussion on Twitter, spoke with Peter Ryan about Voell’s assessment of both networks.
A Discussion With Researcher Peter Ryan (BC): What do you think about the recent chart Zack Voell from Messari shared yesterday?
Peter Ryan (PR): While it appeared to use valid data, the comparison was dubious in a few ways.
One, BCH and the Lightning Network (LN) are two different technologies with different metrics. This is a classic apples to oranges fallacy. For instance, there’s no way to measure the transaction count on the LN and no equivalent of “node capacity” on BCH.
Two, the choice of data was biased. It showed 12 months back to a stress test on the BCH network which could distort how one could view growth. This is why most analysis comes out quarterly or monthly because it provides an objective choice of dates rather than one that is arbitrary.
Peter Ryan, founder of Ryan Research.
BC: Why do you think someone from a startup that’s supposed to share unbiased data concerning crypto networks and markets would share something like that?
I’m sure he would paint it as “just reporting the data,” but this is obviously a low-brow attempt to justify the fragile scaling narrative around the Lightning Network.
BC: Do you think the chart and report reflected poorly on Messari?
PR: Yes. It’s a shame that their tools for better data analysis get overshadowed by their team’s repeated demonstrations of bias. It’s possible that this bias could taint their quantitative reporting, although that hopefully seems unlikely. I’m more concerned about them leveraging the brand of an objective data provider to perform distorted punditry.
BC: You recently shared a chart of your own from Ryan Research can you tell us about the data stemming from this?
PR: It was more a lark than a chart. I was displeased with the sleight of hand by Zack, so I duplicated the exact same chart as his but changed only one parameter: the date.
My chart compared YTD instead of his 12-month version and showed a different picture. Bitcoin Cash actually performed better than Lightning. For instance, BCH’s transactions grew 691% compared to much lower growth figures from Lightning.
BC: Can you tell our readers a little about Ryan Research and how you got into researching cryptocurrency data?
PR: Ryan Research is a firm focused on analyzing complex subjects and communicating clear explanations.
Whether through data, like showing an objective analysis of supply forecasts on different bitcoins, or through more qualitative content, like a survey of thought leader commentaries from across the crypto industry.
I have a degree in economics from New York University and have worked as an analyst in various venture capital and startup contexts. More recently, I was the lead research analyst at Coindesk and assisted them in enhancing their cryptocurrency data research.
BC: If you were to compare BCH scaling data versus Lightning Network scaling data how do you see the two competing?
PR: It’s very difficult to make comparisons between the two, let alone any unique cryptocurrency. If I were to suggest a somewhat sufficient one, it might be Lightning Network Nodes vs. Bitcoin Cash Active Addresses as they are both used as rough proxies for users. As of today, BCH has about 40,000 active addresses compared to about 5,000 nodes on Lightning.
BC: Where do you recommend cryptocurrency enthusiasts find unbiased cryptocurrency network and market data?
PR: I recommend Coinmetrics, Coingecko, Cryptocompare, Bitinfocharts, Coin Dance, and of course Always try to get to the raw numbers and avoid any “adjusted” or fancy metrics derived from biased calculations. However, you could avoid all that bean-counting agony and read Ryan Research, where we do it all for you.
What do you think about the chart shared by the Messari analyst? What do you think about Peter Ryan’s opinion? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Feature Image on computer by @karbonbased, Ryan Research, and Twitter.
Do you want to dig deeper into Bitcoin? Explore past and present cryptocurrency prices through our Bitcoin Markets tool and head to our Blockchain Explorer to view specific transactions, addresses, and blocks.
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Bron : Bitcoin en toekomst van crypto

The 3 Top Drivers of Crypto Adoption – BCH City Wrap-Up

With Townsville, Australia’s Bitcoin Cash City conference and related post-conference events now all wrapped up, participants are heading home to get back to the grind. As such, it stands to take a look at the conference as a whole and BCH adoption in and beyond the land of Oz, which is fueled by three critical factors. Additionally, attendees and organizers alike cited the diversity of ideas and speakers as one of the main strengths of the event. Other areas of the world are already in the midst of similar adoption, or ripe for it, and deserve a focused look themselves, as potential BCH hot spots and developing “BCH Cash Cities.”
Also Read: Emergent Coding, Adoption Incentives and Practical Use – Bitcoin Cash City, Day 2
BCH City: Diversity of Ideas and Skill Sets
One of the recurring points of praise from attendees regarding Townsville, North Queensland’s Bitcoin Cash City conference was the diversity of attendants and speakers. From advocates of complete financial freedom to actual government representatives, the philosophical gamut was run in full. Conference attendee and user emergent_reasons related:
We need to be appealing to the world…Big business, small business, libertarian, lefties, non profit, government, everybody was there.
Photo by event photographer @kilRcola.
Bitcoin Cash enthusiast and unofficial, “official photographer” @kilrcola, supplied the Bitcoin Cash City Telegram group with no shortage of professional quality photos to use and share throughout the event, adding real vibrance and a visual backbone to the group. When asked about what most impacted him about Bitcoin Cash City, @kilrcola told
The sudden realization that this might be the pivotal stepping stone…The only time I spent fiat was for the deposit/security guarantee for the hotel. Having the conference there and so many merchants accepting BCH was a massive deal.
Beyond diversity of philosophical thought, of course, developers focused on more practical issues, with emergent coding, scaling, mining, BCH full nodes and UX being dominant themes over the full three-day agenda (speakers presented for two days, and day three featured a developer’s workshop).
Chris Pacia describes the skill set required for creating the BCHD full node, and how ultimately he was the one best suited for the challenging task.
Chris Pacia, developer for Openbazaar and maintainer of the BCHD full node, spoke on the difficulty of moving the BTCD full node to a Bitcoin Cash implementation, the limited amount of truly qualified individuals for doing so, and the challenges presented there:
“There’s a very narrow skill set that is needed to do this…you also need to be very familiar with the BTCD codebase, because that itself takes so long to learn, and then you’re gonna have to be familiar with all the co-changes Bitcoin Cash has made to the consensus rules since then…I kind of didn’t really want to do it, because this is really difficult, it’s probably like one of the hardest things technically to get this ported over to Bitcoin Cash. But now that it has been, it’s in pretty good shape and the implementation is coming along pretty well.”
Checker Cabs, a large North Queensland taxi service, has begun accepting Bitcoin Cash.
Three Reasons Townsville Achieved Such High Adoption
Work Ethic
CEO at and Bitcoin Cash City organizer, Hayden Otto, told
We’ve never attempted anything of this scale before, but now we have the experience, we’ve learned many things and we’re already ready to go and improve on this in the future.
For those at the Bitcoin Cash City conference, the air of organizer enthusiasm and work ethic was readily apparent. And not the “busy-ness” of rushing around and spinning wheels trying to look busy, but actually getting things done — setting and hitting micro and macro goals, non-stop. Organizers provided rides to and from hotels, attended unofficial events, delivered constant updates and information to attendees via Telegram and Twitter, and gave interviews to various media during what were supposed to be breaks in the action. They were, in the Australian dialect, “flat out” the whole time. This work ethic may be a clue as to what sets Townsville apart when it comes to BCH adoption. Organizers also visit local adopters frequently to check on their status and help with any questions.
Bitcoin Cash City host and CTO of Cointext, Vin Armani, also spoke to the hard work of many in the BCH community, saying:
We’ve got the best evangelists in the game by far.
Townsville is full of entrepreneurs, like supportive business Fratello Coffee.
The second element critical to Townsville’s notable adoption and use case rate is community. With established local groups like software company Code Valley — pioneering a new method for mass producing code via a “World Compiler” — and local entrepreneurs like self-professed non-techie Donna Kilpatrick emphasizing the ease-of-use when it comes to BCH transactions, the Townsville community is already tight-knit and collaborative. Bitcoin Cash City businesses know and communicate with one another. “Think globally, act locally” is the mantra of many here, and the grassroots entrepreneurial spirit preceded the adoption of BCH. This made the community ripe for development.
Free Market / Ease of Use
The BCH community in Townsville attempts to make accepting Bitcoin Cash as easy as possible for merchants, and pitches the cryptocurrency simply for what it is: a permissionless system of peer-to-peer electronic cash which cuts out bank fees and middlemen.
That said, potential on-boarders have many legitimate concerns which must not be glossed over. Tax liabilities, deposit and withdrawal channels, and profitability are among the top themes of adopter questions. Tokyo Bitcoin Cash Meetup organizer and “adoption ninja” Akane Yokoo explained during her Bitcoin Cash City presentation that:
Finding out their [merchant] concerns is very important as well…Some of the concerns I hear more are basically losing money due to Bitcoin Cash’s volatility…or maybe they’re worried about if it’s legal to accept Bitcoin Cash…or what about tax.
Some Bitcoin Cash City attendees and organizers celebrated further at a post-conference meetup in nearby Cairns.
Explaining the benefits of accepting crypto and Bitcoin Cash is easy. It’s fast, permissionless, and doesn’t require high transaction fees like banks, credit card points of sale, or other congested blockchains like BTC. However, what can dampen merchant enthusiasm is a very understandable fear related to the questions detailed by Yokoo.
Yokoo went on to explain that in Japan she tells merchants as long as they convert to Japanese yen immediately, and don’t hold BCH and make “crazy” profits, they can most likely report BCH sales as simple income tax. Regionally this situation varies, and with tax authorities clamping down and the laws ever-changing, government restrictions are likely to become a hotter and hotter topic as adoption increases. The general rule of thumb is that, logically, the freer the market, the easier adoption becomes.
Slovenia is a small country home to remarkable BCH adoption.
Slovenia and Other BCH Hotspots
Supporting the free market thesis, Bitcoin Cash City Townsville is not the only area currently blowing up with crypto adoption in the form of BCH. A quick look at the Marco Coino website brings attention immediately to Slovenia, the BCH adoption leader of the world with over 400 regional businesses accepting BCH. Slovenia is small, extremely entrepreneurial, and relatively easy on crypto taxes for the individual, as Slovenians do not have to pay capital taxes on crypto in the progressive country. There is also a popular payment platform called Elipay rapidly expanding and galvanizing adoption.

Bitcoin Cash adoption has also been notably high even in extremely dangerous and politically volatile areas like Caracas, Venezuela. continues working hand-in-hand with crypto charities and direct support initiatives to provide critical aid and sustenance for Venezuelans suffering under statist violence. Where traditional, dinosaur systems of finance and politics fail, permissionless cash can still come through, and be critically useful.
Free thinking and pro-free market Keene, New Hampshire has experienced a recent increase in BCH adoption thanks to convenient payment systems and a liberty-minded populace.
Japan and New Hampshire are notable hubs as well, and the three critical Bitcoin Cash City elements ring true in these locations. Hardworking, grassroots communities of “mom and pop” shops are discovering the ease of direct P2P money, and simply using it. As the “live free or die state,” it’s not hard to see why threats of regulations might not bother many entrepreneurs in New Hampshire, but what about play-it-by-the-book Japan? Unbeknownst to many, the land of the rising sun ranked number one globally in entrepreneurship rankings for 2018, in a joint study. Japan is remarkably entrepreneurial, with tiny businesses everywhere, and comparatively relaxed regulations and licensing requirements for starting a small business.

Enthusiasm + Freedom = More Adoption
Determining whether a city or region might be a good spot to build another Bitcoin Cash mecca is fairly simple. If there’s a diverse community of enthusiastic, hardworking people who wish to make money and exercise financial sovereignty via their business, coupled with a relatively free market climate, adoption potential is definitely there. More economic freedom in permissionless, P2P trade means that individuals can get on with their lives and careers, and spend less time on cumbersome systems like legacy banks and political scribbles eating up their time, resources, and energy. Bitcoin Cash is ready here and now, but it won’t spend itself.
What do you think drives crypto adoption globally? Let us know in the comments section below.
Images courtesy of @kilrcola, Graham Smith, Hayden Otto/Bitcoin Cash City, and Marco Coino.
You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH directly from our trusted seller and, if you need a Bitcoin wallet to securely store it, you can download one from us here.
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Bron : Bitcoin en toekomst van crypto

Bitcoin’s Scaling Problems Forced Facebook to Launch Libra

If it wasn’t for Bitcoin there would be no Libra. That much is self-evident, since Satoshi’s creation laid the groundwork for every crypto asset that’s followed. The extent to which Bitcoin was responsible for spawning Facebook’s currency has now been made brutally clear in an interview with Abra’s Bill Barhydt. The investment platform’s CEO claims that Facebook wanted to integrate BTC directly into its billion-strong social network – but was forced to create Libra instead due to Bitcoin’s inability to scale.
Also read: You Can Buy a Dream Car With Bitcoin Cash at
How Bitcoin’s Inability to Scale Birthed Project Libra
On last week’s What Bitcoin Did podcast, host Peter McCormack entertained Abra’s Bill Barhydt, who revealed inside knowledge about the development decisions that guided Project Libra. Before Facebook pressed ahead with plans to create a stable currency backed by a basket of assets, it had explored the possibility of integrating Bitcoin, Barhydt claims. The plan had been to enable BTC as a payment option throughout the Facebook ecosystem.
“Ideally, from my discussions, [Facebook] actually would have preferred to use Bitcoin. I think there’s a huge belief in the system,” ventured Barhydt. The notion of Facebook supporting BTC in the world’s largest social network, and potentially its second and seventh largest too (Instagram and Whatsapp) may seem fanciful, and we will likely never know for sure whether this was the original plan. Bill Barhydt is well connected, however, and thus his comments carry some weight. As he recounted to Peter McCormack:
If you want to build a remittance system and you want to build a cross-border commerce system and you have 1.2 billion users today, what would happen to Bitcoin? Fees would skyrocket. Doing anything with Bitcoin that was transactional was effectively untenable.

Why Bitcoin Won’t Scale
Facebook embracing Bitcoin, regardless of what one thinks of the tech giant, would have been extremely bullish for BTC and for the cryptosphere as a whole. 1.2 billion people being introduced to sound money, even within the sanitized environs of Facebook’s walled garden, would have been immense. It wasn’t to be though, due to Bitcoin’s inability to support the number of transactions that could have potentially been flowing through the network as a result.
Bitcoin’s inability to scale has of course been a matter of intense debate within the community for years, causing deep rifts and resulting in the permanent split that occurred when Bitcoin Cash forked off in mid-2017. BCH supporters have long accused Bitcoin Core developers, led by Blockstream loyalists, of being unwilling to substantially increase the block size to allow more transactions per second (tps). Having since increased its block size to four times that of BTC, BCH can theoretically process around 100 tps, and boasts transaction fees that are currently 113X cheaper.
Current fees according to
Increasing the block size is a simple yet effective scaling solution that has enabled Bitcoin Cash to process hundreds of thousands of transactions a day in tests – more than enough to absorb the demand of a major enterprise such as Facebook entering the fray, for instance. Critics will note that there are limits on block size expansion, beyond which centralization occurs due to the difficulty of users being able to run a node to independently verify transactions. The sweet spot beyond which it is undesirable to continue blindly increasing block capacity is a matter of debate. What’s evident, however, is that the decision by Bitcoin Core developers and their acolytes to keep BTC blocks as small as possible has driven businesses away from Bitcoin and lowered merchant adoption.

The Adoption Vacuum
Instead of scaling Bitcoin, Core supporters have pushed for their much-vaunted layer two solution, Lightning Network, to take the strain. There’s been a problem with that approach however: Lightning still isn’t production ready, and could be years away from being suitable for enterprise adoption. Only last month, a critical bug was found in the protocol, deemed so severe that it is not even being disclosed until all nodes have had a chance to update to the patched software. Bitcoin’s unsuitability as a payments system, coupled with Lightning’s unsuitability for pretty much anything other than buying stickers, has caused an adoption vacuum. Businesses, including Facebook, if Abra’s CEO is to be believed, want to use the network but are simply unable to.
“These are smart people,” said Barhydt of Facebook’s blockchain team. “They’ve looked at Lighting, they’ve looked at Bitcoin, they’ve thought this through. And they came to the conclusion that Bitcoin is not optimized to be a payment network, Bitcoin is optimized to be digital cash right now.” Bitcoin Cash supporters would agree that BTC is not optimized to serve as a payment network, but would demur at the suggestion that it is capable of serving as digital cash at present – that’s a use case that BCH is currently fulfilling with more success.

Even with a larger block size in place, there may have been other technical or regulatory barriers preventing Facebook from using BTC. What can be stated with certainty, though, is that Bitcoin’s inability to scale, coupled with Lightning’s complexity, and the security and UX problems that entails, have created a perfect storm. Into the eye of this maelstrom has stepped Project Libra, the greatest demonstration yet of what happens when a P2P payment network stops serving as digital cash.
Do you think Facebook seriously considered using Bitcoin? Let us know in the comments section below.
Images courtesy of Shutterstock.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
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Bron : Bitcoin en toekomst van crypto

PR: Hashcube Announces Bitcoin Mining Investment Forum in Thailand

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. is not responsible for or liable for any content, accuracy or quality within the press release.
Hashcube, a Korean Bitcoin miner retail and mining company, is proud to present Thailand’s first ever bitcoin mining investment forum on 21st September at the Amari Watergate Bangkok.
Together with large players from the crypto-industry such as Bitkub,, Coolbitx and Cryptomind, we’re hosting an event where top industry leaders will be discussing the current landscape and sharing inside knowledge of profitable crypto investment and top solutions to building your crypto portfolio.
In addition, company exhibits and networking opportunities will also be available for everyone to connect and ask questions to help ensure a profitable journey through crypto investment.
Topics that will be covered includes:
– The current landscape of cryptocurrency and where its headed
– Investment opportunities that yield high rate of return today and in the future
– The opportunity and high ROI that mining crypto yields
– Crypto Exchange and how you can invest and benefit through it
– How to set up your own wallet or crypto pool
With an audience of crypto enthusiasts and top crypto visionaries all gathered together at the Amari Watergate for an eventful forum, you will build knowledge and network that will help you be successful in building your very own crypto investment portfolio. We hope to see you there!
Register Today! — Cryptocurrency Mining Investment Forum
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You Can Buy a Dream Car With Bitcoin Cash at

Buying a new car is always a thrill. Purchasing a luxury vehicle, a roadster or a classic even more so. But such an enjoyable acquisition is usually accompanied by time consuming formalities. When all you want is to sit behind the wheel as soon as possible, these additional steps can be a nuisance for most people. Finding a dream car you can buy with cryptocurrency will certainly save you some time and effort, especially when cross-border payments are involved. You can now do that with BCH on, a platform that works with leading supercar dealers.
Also read: Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin
Purchasing a Supercar With BCH Is Easy
Browsing through car ads can be a pleasure and a curse. It takes time to find the right model and make that suits your taste and needs. Multiple websites nowadays provide car buyers with a plethora of offers. However, if you are not only a petrolhead but also a crypto enthusiast, there aren’t too many platforms with a good choice of vehicles you can purchase with digital coins. is a website where customers can find a rich choice of high-end models, from comfortable and practical SUVs, to fancy sports cars and even collectible classics with detailed service history. And the best part is that all of them can be bought with bitcoin cash (BCH). The company works together with to expand the use of peer-to-peer electronic cash.
The precious automobiles are sold by established U.K. dealers and can be delivered to buyers in other countries as well. One of the platform’s main partners,, is the largest independent supercar dealer in Britain. They cooperate to promote crypto and have already made numerous sales to clients opting to pay with digital assets. David White, Auto Coin Cars chief operating officer, told

We transacted a Lamborghini from the U.K. to Germany last month, a $300k car. One younger crypto user bought his mother a $70,000 Range Rover for her birthday surprise – all in crypto. And last week we had an enquiry from Sydney, Australia for a £2 million Aston Martin. Exciting times.

The portal bets on bitcoin cash, offering clients the opportunity to purchase Ferraris, Lamborghinis, Aston Martins, and many more quality brands with BCH. All of its ads have the asking price displayed in a range of fiat currencies such as U.S. dollar, British pound, euro, and UAE dirham. But specifically targets cryptocurrency users who want to buy a car with bitcoin and their pricelist starts with a price quote in bitcoin cash. Customers can also pay with the platform’s own token, autocoin.
Crypto users who want to buy cars do not search Autotrader, Pistonheads, Motors, or any other traditional portal, the website explains. “Why would they? They would struggle to find a car dealer that accepts bitcoin on there. Instead, they search Google for ‘buy car with bitcoin’ or one of the many hundreds of search terms for which is ranked number 1 and page 1. They select a car, contact the dealer and agree [to] a deal in the usual way. They then pay for the car with bitcoin or other crypto through our regulated exchange and we pay the dealer prior to the car being delivered.”
Auto Coin Cars’ team further notes that there are over 3 million cryptocurrency wallets in the U.K. alone, which illustrates the growth potential for this market in the future. A study conducted this year by Technavio projects that the global luxury vehicle market will grow at a compound annual growth rate (CAGR) of more than 12%, or approximately 8,000 units within five years.

Accepting crypto payments opens up a whole new area of business that was until recently unavailable to car dealers. Millions of people around the world now own cryptocurrency and many would readily use their coins to purchase a new car thanks to the speed and security crypto transactions bring to the table.
At the same time, car dealers can now easily accept cryptocurrency and convert it immediately into fiat money if they want to do that, safely and securely. They can use the website’s Sell Now section to register with the platform, providing more information about themselves and uploading their ads to reach millions of crypto users globally.
North London-based Auto Coin Cars employs experienced crypto professionals and automotive specialists who have provided a simple answer to a supply and demand issue. Car buyers want to spend their crypto, while car dealers are not set up to accept it yet. Many of them realize the benefits of cryptocurrency payments once they try them.
Bitcoin cash, for instance, offers immediate and secure transactions at a very low cost, often less than a U.S. cent per transfer. And the funds are available almost as soon as the payment is made with no chargebacks or card fraud. Auto Coin Cars’ clients are typically high net worth individuals who can also take advantage of the privacy that comes with crypto payments and rely on an instant crypto-fiat exchange eliminating price fluctuations.
Some of Auto Coin Cars’ sports and performance vehicles are offered only to crypto users in closed auctions. These automobiles are the highest quality models supplied by the U.K.’s top car specialists. According to the platform, all of them are carefully selected, come with full service history and are in immaculate condition confirmed by independent reports. The first such auction will be held in late 2019. Potential buyers can register now and receive details about each month’s offerings, along with the terms and conditions of participation.
Auto Sales With Crypto Payments Are a Promising Market
The niche Auto Coin Cars operates within is likely to grow in the future. So is the popularity of crypto payments in general, especially now when many expect to see a new crisis in the traditional financial system as early as next year. At this point in time, the platform doesn’t have too many competitors. Another website selling supercars and classics for cryptocurrency is Most of the listed vehicles are in Europe, but the platform can deliver them to a specific location, arranging transportation and customs clearance. Bitcars accepts bitcoin cash (BCH) and bitcoin core (BTC) through the payment processor Bitpay as well as XMR, ETH, LTC, DOGE and DCR via Globee. is a platform allowing users to publish ads for vehicles on sale or pick a listed car that can be bought with bitcoin. The website connects buyers and sellers who want to finalize their deal in cryptocurrency. Just like Auto Coin Cars, Buysellcarwithbitcoin allows you to select a location near you, choose a brand, set a minimum and maximum price, and search by keywords. The portal also publishes ads for auto accessories such as car audio systems, view cameras, rims, and many more. Dealers selling high-end vehicles for crypto also include Post Oak Motor Cars, a Bentley, Bugatti and Rolls-Royce dealer in Houston, and Hollywood-based Jem Motor Corp.

If you buy a second hand car whose interior needs refreshing and detailing, you can always use the services of where you can order trim parts for you dashboard, center console and doors. The best thing is that you can buy them with bitcoin cash. Cockpitdekor promotes the benefits of paying with cryptocurrency. The company is based in the U.K. and Slovakia, but its customization kits are sold globally. And in Venezuela, a country where cryptocurrencies have been gaining ground on the backdrop of an unstable and highly inflated national fiat, auto insurance plans can now be purchased with bitcoin cash, as recently reported.
Payments using decentralized digital currencies are likely to spread further in this and other industries. If you want to purchase bitcoin cash and other major cryptocurrencies you can do that at To freely trade your crypto assets, visit our noncustodial, peer-to-peer marketplace, which already has thousands of users from around the world. Also, check out our newly launched premier trading platform Registered users can access it right now and over 10,000 have already signed up.
Would you buy your next car using cryptocurrency? Tell us what you think about crypto payments in the auto sales industry in the comments section below.
Images courtesy of Shutterstock.
Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.
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Bron : Bitcoin en toekomst van crypto

Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and early adopters practically gave them away.
Also Read: Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential
When Sending Thousands of Bitcoins Wasn’t a Big Deal
There’s been an awful lot of excitement surrounding the 94,504 BTC sent to an unknown address for a network fee of around $700. It’s an interesting sight for sure, when large sums like that are not regularly moved in such a fashion in 2019. However, back in the early days between 2010-2012 people saw large transactions like this all the time, without batting an eye, and fees were less than a U.S. penny per transaction. The big transaction on Sep. 6 reminded former Bitcoin Core developer, Jeff Garzik, about the early days when individuals transacted with thousands of BTC every day. “Today’s 94k BTC transfer, for no particular reason, reminds me of William P, who rented a ridiculous number of AWS machines to CPU-mine Bitcoin in 2010; resulted in 40,000 BTC at [so we thought at the time] exorbitant cloud computing rates,” Garzik recalled. Last year, after recalling the famous pizza transaction, Garzik remembered when he gave away thousands of BTC to help bolster open source development. Garzik explained:
In 2010-2011, I gave away 15,678 BTC in developer bounties.
People spent close to 94k in BTC every 30-days for 167 million Linden dollars for Second Life back in 2011.
Back then everyone practically gave BTC away for free or for way less than what people sell them for today. Gavin Andresen and others gave away 10,000 BTC by building a bitcoin faucet that would dispense funds for free. Just like the 94k BTC transaction sent on Friday, individuals who played the game Second Life spent close to 94k BTC every 30 days on Linden dollars in the summer of 2011. Thanks to platforms like Virwox, hundreds of thousands of bitcoins were funneled into the Second Life economy to purchase digital cars and virtual mansions.
Earlier that year the Silk Road started operations and people directed hundreds of thousands of bitcoins into the underground marketplace. In June 2011, according to Gawker’s now famous article, a sheet of acid (LSD) on the Silk Road (SR) cost 50 BTC which is a whopping $520,000 today. An eighth of decent cannabis was a mere 7.63 BTC on SR and today that’s a $79,000 bag. Let’s just say a lot of grams of powder, bags, and sheets were sold for large sums of BTC. That summer there were 340 types of narcotics available for purchase on SR and one bitcoin was worth about $8.67.
The infamous Gawker editorial which featured the 340 types of narcotics available on the Silk Road. Thousands of BTC went through this marketplace in 2011.
Illiquid Exchanges and the Tennessean With 371,000 BTC
If someone wanted to purchase bitcoins fast, in the early days getting money in and out of the BTC system was way more difficult than it is today. Today there are hundreds of exchanges and over the last 24 hours, there’s been $15 billion worth of BTC trade volume. For instance, just launched a secure, professional-grade trading platform called In Oct. 2011, you only had a few options to get into Bitcoin: mail a check, wire money, or use Dwolla. The few exchanges that did exist included Mt Gox, Bitinstant, and Tradehill. People complain these days when BTC drops $500 bucks in an hour and trading platforms go on the fritz, but in Feb. 2012, Tradehill had to shut down because someone withdrew $100,000 from their service without warning.
Back in 2011-2012, there were not that many exchanges and people had to send a check, wire money or use Dwolla to purchase BTC. The price of BTC spiked to over $9 per coin in the summer of 2012.
Today, when you look at forum discussions on Reddit or, people get really excited when they talk about obtaining a single BTC. In the summer of 2011, individuals did the same thing except they owned thousands of coins in contrast to owning just one. The creator of one particular thread says: “I own 5,200 bitcoins. How many bitcoins do you own?”

The discussion shows various members of the crypto community boasting about their wealth in digital currency. Amidst the forum conversation a Tennessean dubbed “KnightMB,” said he held 371,000 bitcoins and allegedly was the richest man in the bitcoin realm that year (it is now worth $3.8 billion today). KnightMB showed a picture of his QT client with the balance and people have talked about his stash for years. The individual was a miner and decided to brag about his wealth when everyone was in awe over the miner Artforz and his stash of coins.
The notorious KnightMB’s wallet. Years later KnightMB said after he shared this picture he dipped out of the community eye as people kept hounding him for donations.
The First Bitcoin ATM and ‘Bitcoin Bank’
In those days, things were far more interesting than today, when everyone makes a big deal about congressional leaders discussing BTC. Developers and nerds were building interesting gadgets to help bolster the nascent cryptoconomy at the time. While building a fusion reactor in New York, the inventor from Brooklyn Mark Suppes forged an automated teller machine from an old bank ATM and attached eBay-sourced parts, building one of the first crypto ATMs. No one knew what to think about the Bitcoin network and many respected and influential minds at the time were quite skeptical of it growing.
Mark Suppes created a Bitcoin ATM in Brooklyn in 2011.
In early 2011, the well known columnist Tim B. Lee did not seem to like BTC, but by 2012 his Ars Technica bio disclosed that he owned some. In 2012, there was a lot of hype about BTC entering the mainstream when the business Bitcoin-Central was approved to operate under European financial laws. At the time, Bitcoin-Central became a Payment Services Provider (PSP) and was issued an International Bank ID number as well. The news was heralded as an announcement of “the first Bitcoin bank” as the business was equated with other payment processors such as Paypal and Worldpay.
“The more we see governments and banks being willing to deal with Bitcoin, the more comfortable a lot of organizations are going to be making the step forward themselves,” said Vitalik Buterin who was the technical editor at Bitcoin magazine back then. The France-based trading platform closed for six months shortly after the announcement and re-launched on Sep. 25, 2013. The platform now pales in comparison to the volumes of cryptocurrency swapped by today’s ‘Bitcoin banks‘ like Coinbase and Binance.
Remembering the Past
A lot has changed since the early days of Bitcoin and there are now more than 2,000 cryptocurrencies competing for the crown. Bitcoin has forked a few times as well since then and there are different versions seeking the same world domination or hyperbitcoinization. Using bitcoin for daily transactions was once seen by many to be an e-commerce revolution free from the state. Nowadays there are certain bitcoin enthusiasts begging for institutionalization and government approval.
In 2011, economists like Paul Krugman triggered bitcoiners.
In current times there are ‘bitcoin bugs’ acting just like the ‘gold bug’ Peter Schiff, which is a far cry from when bitcoiners debated the New York Times columnist and Keynesian economist Paul Krugman in the fall of 2011. Krugman called Bitcoin proponents ‘golden cyberfetters’ and the community tore his editorial to pieces. At the time, the online community preached about ending the fed and declared war on the central banking system by promoting the use of a counter-economic ‘plan B.’
Many people believe it’s good to re-live history through retrospectives and old stories so we can all learn from our past. It’s also helpful to see how much the system has changed and improved over the last ten years. There’s always something going on in the world of crypto every single day and forgetting the past is easy to do. A quick glimpse down memory lane shows the crypto ecosystem much different today than it was back then. In 2011, there were only 20,000-40,000 consistent BTC transactions a day and someone sending thousands of BTC to an unknown wallet was not out of the ordinary.
What do you think about the early days of crypto and how different it is today compared to back then? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Ars Technica, Gawker, the Atlantic, Mark Suppes,,, and Pixabay.
Do you want to dig deeper into Bitcoin? Explore past and present cryptocurrency prices through our Bitcoin Markets tool and head to our Blockchain Explorer to view specific transactions, addresses, and blocks.
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Bron : Bitcoin en toekomst van crypto

Bitcoin Cash-Powered File Storage Concept Sparks Interest and Debate

Bitcoin Cash (BCH) proponents were introduced to a new project called the Cashweb protocol on Friday. The blockchain file sharing scheme allows people to store and load arbitrary data to the BCH chain. While the new protocol still has “a long way to go,” the developer decided to share his creation with the BCH community and show off the protocol’s possibilities. Even though a few people thought the project was “awesome,” the Cashweb conversation turned into a debate about whether or not data should be stored onchain in this manner.
Also Read: Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential
Cashweb: Immutable File Storage and Retrieval — Powered by Bitcoin Cash
The Reddit user u/kentjhall presented a demonstration of “a summer pet project” he created called Cashweb. The Cashweb protocol allows people to tether arbitrary data to the Bitcoin Cash blockchain in a permissionless manner. The website is interesting because everything on the website is stored and loaded from the BCH chain. “Everything down to the font,” the website’s creator emphasized. The web page is informative and gives a few examples of how the protocol works. Essentially the web page itself and the examples shown are a demo for the Cashweb framework, which “enables public, decentralized, immutable file storage and retrieval—powered by Bitcoin Cash.”
“Every asset on this page has been stored on the blockchain amongst hundreds of transactions, each of which is verifiably cemented across thousands of Bitcoin Cash nodes,” the website explains. “For example, you may have important court documents to immortalize on the Bitcoin Cash blockchain.”
The entire Cashweb web page is stored and loaded from the BCH chain.
The creator says that as long as the Bitcoin Cash network exists, any document can be accessed by a unique identifier. There are four types of Cashweb IDs: TXID – as just seen, Nametag ID – a name may be claimed under the Cashweb protocol as a “Nametag,” Nametag Version ID – any versioned Nametag will have numerous revisions stored on the blockchain and a Path ID – the storage/querying of directories to organize file references. Cashweb’s web page discloses that the page is loaded from a directory index referencing all its assets and the Path ID is how an individual can query a specific path of a directory index. All four examples can be viewed on the web page so people can get a better understanding of how the protocol works.

This looks neat! Good job Kent!#BitcoinCash #BCHForEveryone
— bch ‘#WeAreAllBitcoin’ protocol upgrade (@btcfork) September 6, 2019

The developer also revealed that there are two code libraries for utilizing the Cashweb protocol: cashgettools for getting, and cashsendtools for sending. “Anyone can run a cashserver or implement cashgettools; the software is all completely free, and completely open source under the permissive MIT license,” the website explains. The documentation further adds:
You don’t really need a cashserver to serve you; you can do it yourself. The cashgettools library allows for interfacing with existing public BitDB HTTP endpoints as well, so there’s already an element of decentralization.
Cashweb shows four examples.
A Comparison to Bitcoin Files and the File Storage Debate
The project’s creator also compared Cashweb to the censorship-resistant file sharing software Bitcoin Files. The platform allows anyone to tether files of 5kb or less to the BCH blockchain. If the person wants to upload a larger file, then Bitcoin Files offers a connection to the Inter-Planetary File System (IPFS). The Cashweb developer said that it took “nearly eight seconds to download the 1.7MB mario.png (under my WiFi conditions).” But using the Cashweb framework and a BitDB endpoint, the process was considerably faster. “We send the downloaded mario.png back to the blockchain via cashsend, this time under the CashWeb protocol, and proceed to re-download the file via cashget, set to query from’s blazing fast BitDB endpoint (thanks Roger),” the page details. “Under the same conditions, this retrieval takes just over 0.25 seconds—that’s 32x faster.”
The Cashweb code is open source and available for review.
The introduction to Cashweb was a popular topic on the r/btc Reddit forum Friday as concepts that allow people to tie arbitrary data to the BCH chain is often met with a mixed response. “There are a lot of people in the BCH community that see zero value in storing non-financial data on the blockchain, I am not one of those people,” one Redditor opined. “Your project is friggin’ awesome and I hope you’re able to keep building on it.”

CashWeb enables public, decentralized, immutable file storage and retrieval—powered by #BitcoinCash
Great work kentjhall!
— Gabriel Cardona (@cgcardona) September 6, 2019

Other people were less enthused about the Cashweb project and disclosed their opinions about the concept. One person asked the creator why he chose BCH as a database server for distributed file sharing. The commenter further asked why he didn’t choose to use IPFS or choose to utilize the BSV chain instead. The Cashweb creator said that someone else also mentioned using the BSV chain for file sharing, but he decided to run with the BCH protocol and community.
“My view is that I am showing off a suite of tools and a protocol, not selling anyone on a final product,” the Cashweb developer insisted. “As such, these tools could be applied to any number of current blockchains, including SV — anyone can do what they like with this Cashweb — but I choose to develop/demo on BCH because I think it’s such a great community.” He further responded by stating:
IPFS is a different beast entirely to my understanding, and may be better suited to this goal, but I personally think it’s just too new. Bitcoin as a technology is proven and reliably immutable, so I wanted to build Cashweb on top of that. At the end of the day, the community will decide—if this project isn’t useful/warranted, it simply won’t be used. That’s the beauty of a permissionless system.
Overall, most BCH supporters were pleased with the project development, and the debate is always tossed around any time someone creates a file sharing program on top of the BCH chain. Some supporters believe file sharing is a distraction to the pursuit of global adoption and pure peer-to-peer electronic cash. However, there are many people who believe that the use cases tied to the BCH chain are permissionless by nature and as long as people and organizations pay the network fees they should never be censored. At the end of the day, the BCH community of global participants will decide if the network can handle every financial transaction worldwide and include immutable data applications as well. For now, the idea of blockchain file sharing is still very young and fresh in the minds of crypto enthusiasts and it’s hard to tell what the outcome will be going forward.
What do you think about the Cashweb platform? What do you think about the Bitcoin Cash blockchain being used to store and load arbitrary data? Do you think that BCH should only concentrate on the electronic cash aspect or do you think file storage ideas will continue to blossom? Let us know what you think about this subject in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned websites and projects associated with this article. or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content or services mentioned in this article. This editorial review is for informational purposes only.
Image credits: Shutterstock, Pixabay, and
How could our Bitcoin Block Explorer tool help you? Use the handy Bitcoin address search bar to track down transactions on both the BCH and BTC blockchain and, for even more industry insights, visit our in-depth Bitcoin Charts.
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Bron : Bitcoin en toekomst van crypto

Keene New Hampshire Is Not Only a Libertarian Enclave – It’s Also a Crypto Mecca

Over the last few months, there’s been a lot of attention directed toward destinations like Slovenia, North Queensland, Japan, and Venezuela which capture the largest number of bitcoin cash merchants worldwide. Another region that’s seen an influx of BCH adoption is Keene, New Hampshire, a place that’s widely known for its lack of taxation, and the growing number of libertarian residents. With a city population of around 23,000, there are 15 BCH-accepting businesses providing goods and services for bitcoin cash.
Also Read: Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential
Keene New Hampshire: The Free State Project’s Crypto Mecca
New Hampshire is well known for having a large number of libertarian residents since the Free State Project (FSP) started a movement of political migration in 2001 in the low-population New England state. Libertarians in the region promote free markets, stand against war, and are either completely anti-state (anarchism) or believe in a very limited government (minarchism). Many of these activists who migrated to New Hampshire are strewn across the state but there are dense regions of libertarian proponents in places like Keene, Portsmouth, and Manchester. Due to the vast amount of free market believers, there’s a slew of businesses in places like Keene that accept digital currencies like bitcoin cash. The liberty loving blog, Free Keene, revealed that the Monadnock Decentralized Currency Network managed to persuade a bunch of mom-n-pop shops to accept cryptocurrencies over the years.
New Hampshire is considered a crypto mecca and is home to thousands of libertarians. Members of the Free State are against wars and interventionism, they are believers in free market capitalism, and many members suggest that governments should not be as powerful as they are today. Some Free State residents do not believe in government at all.
In fact, throughout the lifetime of the Free State’s activism spent bolstering the concepts of liberty and voluntaryism, the people living there have created a cryptocurrency mecca. Free Keene blog author, Ian Freeman (also the co-host of Free Talk Live) explained on Sep. 3 that last week, two well-known and busy convenience stores now accept a variety of digital assets including bitcoin cash. My Campus Convenience (Campco) store will compete with Corner News which has been accepting crypto since 2013. Keene has a wide variety of digital currency-accepting businesses and lots of them use the Anypay payment processor.
The Anypay merchant map showing New England and New Hampshire. The Marco Coino merchant map also shows bitcoin cash-accepting merchants in Keene and the greater New Hampshire area.
Other businesses that have adopted bitcoin cash include a bar called the Thirsty Owl, Dr. Drower Dentistry, Curry Indian Restaurant, a hair salon, and vape shop. Freeman details that according to data stemming from the Anypay and Marco Coino merchant map there are 15 bitcoin cash-accepting businesses in the region. This works out as a ratio of “one business for every 1,533 people,” Freeman explained. The Anypay merchant map not only shows people where crypto merchants are located, but also displays when someone purchases something with cryptocurrency.
My Campus Convenience.
Bitcoin Radio Ads, Crypto Tips, and Educational Resources at the Bitcoin Embassy New Hampshire
The Bitcoin Embassy New Hampshire located in Keene is also well known for its Bitcoin radio advertisements that promote the benefits of cryptocurrencies and free markets. Starting in 2016, the commercials were syndicated on “The Peak” (101.9 WKKN-FM Keene, 100.7 WTHK-FM Wilmington, VT, and 104.7 W284AB Jamaica, VT) seven days a week from 3pm-6am EDT. “Bitcoin is a powerful local currency that can also be used internationally. It’s Keene to buy local, and Bitcoin empowers local business owners to keep more from each sale, rather than sending 3% outside of the area to credit card companies,” the radio ad’s message said.
From right to left, the Free State Project, Free Keene blog, and the Shire Society.
More recently, due to the frictionless and low network fees on the Bitcoin Cash network, activists in Keene have been opting to use and promote BCH regularly. Last summer, Freeman helped launch a new website called that creates cryptocurrency tips from bitcoin cash (BCH) and dash, making it easier for residents to tip people in sound money. At the time, Freeman remarked that lots of Keene residents used an application called but BTC network fees became unsustainable and the platform was basically neutered. So Freeman reached out to the creator who told him the platform was open source and he and Michael Hampton of Ringing Liberty redesigned it to work with bitcoin cash and dash. The cryptocurrency dash has a decent-sized following in Keene too and many Dash supporters live in the FSP region. lets people print Bitcoin Cash (BCH) and Dash (DASH) tips. Cryptotip is a collaboration between Shire Free Church and Ringing Liberty.
The month prior, in July, the Free Keene blog explained that longtime readers of the blog understood that “Keene and Portsmouth, New Hampshire are two hotspots in the world of cryptocurrency.” “Through real-life crypto usage is not all about delicious handmade pizza, BBQ, Indian food, burgers, or alcoholic beverages that you can buy with crypto in downtown Keene, it’s also about products and services.” When the BCH chain turned two years old on August 1, Free Keene’s Chris Rietmann held a presentation and discussion at the Bitcoin Embassy New Hampshire about the last two years of the Bitcoin Cash network. Rietmann’s two-year BCH retrospective goes into great detail about the scaling debate and why the Bitcoin Cash network is here and thriving today.
Alongside being a crypto mecca, Keene and New Hampshire also have a lot more to offer to people who are interested in libertarianism and plan to join the ongoing NH Freedom Migration.
What do you think about Keene and the Free State becoming a crypto mecca? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Anypay, Free Keene blog, Free State Project, Shire Society,, and Pixabay.
Did you know you can buy and sell BCH in a private manner using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The marketplace has thousands of participants from all around the world trading BCH right now. And if you need a Bitcoin wallet to securely store your coins, you can download one from us here.
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Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products

There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer an interim product.
Also read: Indian Government’s New Report Views Crypto Positively
New Bitcoin Product Emerges
Despite efforts by many companies, the SEC still has not approved a bitcoin exchange-traded fund (ETF). The commission has been taking its time to evaluate any proposed rule changes for such a product that have come its way, repeatedly extending the time it takes to make a decision on each.
One high-profile bitcoin ETF that has been waiting for approval from the SEC for over a year is Solidx Bitcoin Shares issued by Vaneck Solidx Bitcoin Trust, to be listed on Cboe BZX Exchange. While waiting for the commission’s approval, Vaneck and Solidx decided to go ahead and offer their product under Rule 144A of the Securities Act of 1933, as amended. Shares offered under this rule are exempt from registration requirements. Solidx CEO Daniel H. Gallancy commented:
As the first bitcoin product in the U.S. with standard ETF creation and redemption and established clearing and settlement processes, institutional investors can finally gain exposure to bitcoin within a familiar context.
Solidx Management Llc is the sponsor and Van Eck Securities Corp. is the marketing agent of this new investment product, which commenced on Sept. 4. The sponsor fee is 2% and the insurance fee is 0.9%. The trust’s BTC is kept in cold storage with insurance against theft or loss. “Shares may be redeemed by authorized participants in baskets and redemption proceeds will be in bitcoin,” Vaneck detailed.

Cboe BZX Exchange Inc. originally filed a proposed rule change with the SEC to list and trade shares of Solidx Bitcoin Shares issued by Vaneck Solidx Bitcoin Trust on June 20, 2018. The exchange withdrew the filing early this year when the U.S. government shut down, but refiled on Jan. 30. After multiple meetings with the companies involved, the SEC designated Oct. 18 as the date by which it will make a decision on this proposed rule change.
Vaneck and Solidx’s 144A product cannot be called a bitcoin ETF, however, since it will not be traded on an exchange. Its shares are quoted on OTC Link ATS, an SEC-regulated alternative trading system. The firm emphasized that the OTC Link ATS is not an exchange and has limited liquidity. Further, instead of being available to the public, 144A shares are restricted securities, available to only qualified institutional buyers (QIBs).

Besides the proposed rule change for shares issued by Vaneck Solidx Bitcoin Trust, the SEC is also considering a proposed rule change filed by NYSE Arca Inc. for Bitwise Bitcoin ETF Trust. The commission has also designated Oct. 13 as the date by which it will make a decision on this proposed rule change.
Rule 144A and Who Can Invest
A company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. The exemption which Vaneck and Solidx have decided to take advantage of is under Rule 144A. It provides a safe harbor exemption from the registration requirements of the Securities Act of 1933 for certain resales of restricted securities to qualified institutional buyers.
The Jumpstart Our Business Startups (Jobs) Act, signed into law by former President Barack Obama on April 5, 2012, directed the SEC to amend the Securities Act and expand several exemptions. “The Jobs Act in 2012 amended Rule 144A to allow brokers and dealers to offer Rule 144A securities through general solicitations. General solicitation may also increase liquidity for investors in Rule 144A securities if resale platforms develop for such products,” Vaneck explained.

The company confirmed that only QIBs may trade the Vaneck Solidx Bitcoin Trust 144A shares. QIBs are defined generally as an institution with a portfolio of securities valued at over $100 million, a registered broker-dealer with at least $10 million in securities owned or managed, and a bank with at least $100 million in third party securities and has an audited net worth of at least $25 million. Examples of QIBs include business development companies, corporations, ETFs, hedge funds, insurance company, mutual funds and registered investment advisers.
QIBs are not to be confused with “accredited investors” which could include any natural person whose net worth exceeds $1 million. A natural person is not considered a QIB, Vaneck emphasized.
How the Interim Product Affects Bitcoin ETF
Vaneck and Solidx have not given up on their goal to launch a bitcoin ETF, and the proposed rule change for their bitcoin ETF is still pending with the SEC as before. Vaneck explained that should the commission approves its public bitcoin ETF, the Vaneck Solidx Bitcoin Trust 144A shares will cease to be quoted on OTC Link ATS and new baskets of shares will not be created for sale. “Existing baskets of the 144A shares may be redeemed after the public registration,” Vaneck described, adding that “The public shares will have a separate, ‘unrestricted’ CUSIP number.”
After the public registration, holders of existing 144A shares may continue to hold their shares as is for the next 12 months, or sell them into the public market where their shares will become fungible with the public shares. The company elaborated, “Twelve months from the date of registration, the restricted CUSIP for the 144A shares will convert to the CUSIP for the public shares,” adding:
Anyone holding 144A shares at the twelve-month anniversary will then be holding shares with the public CUSIP. Holders have the ability, but not the obligation, to sell their shares.
Regulation A, D, and S Exemptions
Other than Rule 144A for resale of restricted securities to qualified institutional buyers, there are other exemptions from SEC registration which companies can take advantage of. Among them are Regulation A, Regulation D, and Regulation S.

Regulation A provides exemptions for two tiers of offerings. Among other rules, Tier 1 allows securities offerings of up to $20 million in a 12-month period, while Tier 2 allows up to $50 million within the same time period. The Jobs Act adopted by the SEC also expanded exemptions provided by Regulation A. The resulting final rules are often referred to as Regulation A+.
The SEC green-lighted two token offerings under Regulation A+ for the first time in July, as reported. One was for Stacks tokens by Blockstack PBC, and the other was for Props tokens by Younow, a live streaming app which claims to have 46 million users. Muneeb Ali, co-founder of decentralized app ecosystem Blockstack and CEO of Blockstack PBC, commented at the time that “This is the first time in U.S. history that a crypto token offering has received SEC qualification.”
Regulation D also offers a number of exemptions, each with specific requirements that the issuer must meet. For example, Rule 504 of Regulation D permits certain issuers to offer and sell up to $5 million of securities in any 12-month period, while Rule 506 provides two distinct exemptions from registration. Blockstack used this method before it was approved under Regulation A+.
There is also Regulation S, which provides safe harbor procedures for offshore sales of equity securities of U.S. issuers. Blockstack is also taking advantage of this exemption to offer its tokens to non-U.S. persons, according to the company’s offering circular filed with the SEC.
What do you think of companies taking advantage of some exemptions while they wait for the SEC to make a decision on their bitcoin ETF? Let us know in the comments section below.
Images courtesy of Shutterstock and Vaneck.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
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Bron : Bitcoin en toekomst van crypto

Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential

For quite some time now, Venezuela has been suffering from a political crisis and a collapsing economy. Venezuelans dealing with rampant inflation continue to see their purchasing power decline. After witnessing one of the worst economic disasters in modern history, 4 million citizens have emigrated to seek a better form of money, shelter, and to gather food and medicine. Throughout the monetary struggle, there have been uplifting stories of Venezuelans discovering sound money and finding financial shelter in cryptocurrencies.
Also Read: Simple Ledger Protocol Announces Virtual Hackathon Devoted to SLP Token Ecosystem
Droves of People Seek Refuge From Venezuela’s Financial Collapse
Central planners worldwide continue to wreak havoc on the world’s economy and a few South American countries like Argentina and Venezuela are seeing their financial systems decline at a rapid rate. In Venezuela, the inflation rate is expected to reach 10,000,000% by the end of 2019 and monthly figures for July were roughly 265,000%. Since the region has been suffering from hyperinflation, millions of Venezuelans have left to seek refuge elsewhere but many have also stayed behind. Fernel Ricardo, a resident of Maracaibo, recently explained what is happening to his city in an interview during the first week of September.
Streets of Maracaibo.
Maracaibo is the second-largest city in Venezuela and Ricardo detailed that many people living there were dealing with rotten food and sometimes water won’t come out of the taps. Despite the fact that Maracaibo is an extensive metropolitan city comprising two municipalities, telecommunications infrastructure is often dead, leaving the whole city with a single state-radio station. When the communications infrastructure recently went down, Ricardo said: “Nobody told us what was going on, the station just played music.” The economic situation is the same in rural areas and other cities like Caracas, Maracay, Valencia, and San Cristobal.
The First Auto Insurance Plan Purchased With Bitcoin Cash
In the midst of it all, some Venezuelans are seeking a hedge using international currencies like the U.S. dollar, and alternative options like gold and cryptocurrencies. Digital currency supporters have been promoting the use of cryptocurrencies for a while now, so Venezuelans can benefit from censorship resistant money. was designed for this very reason and our team has been onboarding merchants in the country to help them get started. Last March,’s lead manager Matt Aaron told the British Broadcasting Corporation (BBC) that team members in Caracas are paid in bitcoin cash. “Transactions are instant and cost less than a cent to make,” Aaron explained at the time. This week, Aaron told that the first auto insurance plan was purchased with bitcoin cash and took place at Sefired. Aaron explained that the ground team who initiated the onboarding process operate a website called and the crew has been educating local business owners in Venezuela about bitcoin cash regularly.

First auto insurance plan purchased with Bitcoin Cash at SefiSeguros!
Pay with BCH at 12 locations across Venezuela.
Thanks to the ground team who educated Sefi! #venezuela
— 𝕄𝕒𝕥𝕥 𝔸𝕒𝕣𝕠𝕟 (@mattaaron) September 3, 2019

“The owner of the business has 12 locations selling auto insurance and it’s a AAA type insurance which is really important if you need a tow in a dangerous spot,” Aaron remarked. He added that thanks to the crew behind the educational website, one of the business owners learned about the attributes of crypto and decided to accept BCH and BTC for insurance payments. With ground crews in the country, such as and spreading the information about cryptocurrencies, citizens learn first-hand about benefits of BCH. A few examples include:
Credit card processing machines are very expensive and hard to find.
Credit card processing fees are high – around 3-6%.
The Venezuelan bolivar is a decimated, hyper-inflationary currency.
No need for a bank account.
Transactions are instant and cost less than a U.S. penny. is also making strides in Caracas, Maracaibo, and throughout the rest of the Latin American country in bolstering Bitcoin Cash merchant adoption in Venezuela.
Peer-to-Peer Powered Food Drive Eatbch Shines in Venezuela
Another organization that has been very busy over the last few months in Venezuela is the nonprofit food drive powered by bitcoin cash, Eatbch. Last February the group celebrated its one-year anniversary and this June the nonprofit organizers traveled to Washington D.C. to speak about their humanitarian work in Venezuela using bitcoin cash at the Center for Strategic and International Studies (CSIS) headquarters.

We’re grateful for what you do for all of us
— eatBCH Venezuela (@eatBCH_VE) August 30, 2019

During the presentation, the Eatbch team explained what they had been doing in Venezuela by feeding people meals using donated BCH and how BCH offers a peer-to-peer, borderless, low-fee solution. From here the participants at the CSIS were very intrigued by the efforts and the attention was entirely focused on Eatbch.
“Suddenly, our presentation became the main point of the meeting, and a big part of the interventions thereafter were directed or were about us,” explained the organizers’ blog post. “Some were a bit skeptical, questioning our safety and KYC/AML procedures, but most were fascinated and impressed, since they never heard about it and were pleased to know that there was a group already functioning in the ground.” Eatbch added:
This whole trip proved to us that we made the right choice with Bitcoin Cash, not only for the coin but also the awesome community around it.
Throughout the month of July and August, @Eatbch_VE Twitter followers can see that the nonprofit has been diligently feeding children and families in need of food. There are always pictures of people being fed through BCH donations and the group details how individuals are able to share a meal together thanks to everyone who generously donated.

It’s time for more pictures!
We’d like to thank you for your support once again ❤️
— eatBCH Venezuela (@eatBCH_VE) August 5, 2019

After seeing the pictures Eatbch shares regularly on Twitter, one observer who said he rarely retweets anything decided to share the photographs because he believes “feeding hungry kids in suffering Venezuela may be the best use-case yet for cryptocurrency and bitcoin.” “You should support them any way you can, and especially with preferred bitcoin cash — Just look at the happy kids — Thanks Eatbch.” Alongside helping a large number of malnourished Venezuelan families, Eatbch organizers are also feeding people in South Sudan.
Precious Metals and Finding Hope With a Single Universal Asset
With merchant acceptance and charitable operations like Eatbch, cryptocurrencies have been helping people in Venezuela a great deal and many people living abroad are providing on-ramps for Venezuelans to join the cryptoconomy. In a recent Reason podcast, the Human Rights Foundation’s Alex Gladstein and Reason’s Nick Gillespie discussed how cryptocurrencies are revolutionizing human rights and civil liberties in Venezuela. In addition to cryptocurrencies, buying precious metals like gold has become popular in South Venezuela near Brazil. Reports say that Venezuelans have to resort to three options to maintain purchasing power: “Buy gold, buy anything to resell it later, or buy dollars” and the second solution is where cryptocurrencies come into play.

La maldición de la fiebre del oro, acaba con nuestra tierra y se mete en la ciudad, causando muerte y arrestos masivos, como hoy en el cc macrocentro de Pto Ordaz
— Alicia Estaba (@aliestaba) March 25, 2019

“The curse of the gold fever destroys our land and gets into the city, causing death and mass arrests, as today in the Macrocentro Mall at Pto Ordaz city,” the above tweet reads.
It’s a common sight to see Venezuelan dealers trying to sell gold throughout the busy sections of South Venezuela. However, there are issues with people being deceived with fool’s gold and merchants won’t accept “contaminated” USD. “If you go to Venezuela, many locals will not accept $1 or $5 bills. Nor will they accept folded, marked, or merely old bills,” local reports detail. Because of the underlying issues with dirty fiat and shady precious metal dealers, more Venezuelan people are being pushed toward using bitcoin as a universal asset instead.

Promoting #BitcoinCash in #Maracaibo, Venezuela at Sambil Maracaibo 💚#BCH
— (@CryptobayC) September 5, 2019

The educational resource and analysis web portal Ledger Journal also highlighted the use of digital currencies in this manner throughout Venezuela in the journal’s 2019 volume 4. Ledger Journal author Jackie Johnson wrote that “Bitcoin, as a single universal asset, is substituted for the ‘basket of goods’ normally used in the purchasing power parity, allowing the estimation of the relationship between the Venezuelan bolivar and the United States dollar.” Johnson added:
In countries where residents are under pressure from economic mismanagement, bitcoin trading becomes critical. Two factors drive bitcoin trading: one, there is pressure to purchase bitcoin using local currency before it loses even more value; and two, there is a need to redeem for the local currency either past purchases or purchases made outside the country by friends/family, enabling residents to cope with rising prices. This results in an increase in bitcoin trading in the local currency.
Crypto proponents understand the need for people to maintain purchasing power and this is why groups like,, Panda Group, and many others are pushing for adoption in the country. One example is how Panda Group recently partnered with a 22-store pharmacy franchise in Venezuela called Farmarket. The partnership allows people traveling from great distances to buy products and medicine using cryptocurrencies like BCH, DASH, DAI, and BTC. The Panda team based in Colombia also installed a machine on the border of Venezuela in Cucuta city. The device is meant to help Venezuelan refugees who cross the Simon Bolivar International Bridge every day. Venezuelans are mainly using cryptocurrencies to facilitate daily exchanges and to keep their purchasing power safe from the devalued bolivar. Right now there’s plenty of individuals and organizations out there willing to show the way.
What do you think about the situation in Venezuela and the individuals and groups pushing cryptocurrency adoption in the area? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock,, Twitter, and Pixabay.
Did you know you can buy and sell BCH in a private manner using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The marketplace has thousands of participants from all around the world trading BCH right now. And if you need a Bitcoin wallet to securely store your coins, you can download one from us here.
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Bron : Bitcoin en toekomst van crypto

Capital Controls in Argentina Demonstrate Dangers of Government-Controlled Money

The current financial system, with governments and central banks controlling the flow of money, creates impediments for people’s economic freedom. Among them is the danger that the ruling class will try to hide its mismanagement of the country’s affairs by preventing people from voting with their wallets and trying to secure their savings on safer shores. The latest example of this comes from Argentina where capital controls are now back in effect.
Also Read: Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money
Just An(other) Emergency Measure
President Mauricio Macri of Argentina re-introduced capital controls on Sunday in an effort to prevent further collapse of the peso (ARS) exchange rate and a possible default on government bonds. All citizens were barred from making over $10,000 worth of conversions to foreign currency per month. Companies now have limitations on their ability to legally purchase dollars on the open market without authorization, crucial for trading with international partners or to give out dividends to shareholders overseas.
The move has initially rattled stock investors as well as ordinary savers, and there were even reports from the country of people lining up at banks on Monday to withdraw as much money as they could. Some are also turning to the black market to buy USD at a worse rate than the official one. This is reflected in the crypto markets where there is now around a 10% premium on the amount of ARS needed to buy BTC compared with the global USD price.
Argentine President Mauricio Macri
The return to these measures is largely seen as a desperate measure by the government, as President Macri canceled the previous capital controls regime in one of his first actions in office after he came to power in 2015 promoting a free market approach to fixing the Argentine economy.
Speaking for the first time in public about the re-imposition of capital controls, President Macri told a gathering of top business people in Buenos Aires on Wednesday that they are just a stop gap measure and not a long term policy. “We don’t like these measures. They are only justified in an emergency and for a limited time,” the Argentine leader claimed. “The controls were implemented with the objective to defend exchange rate stability and savers. They were implemented to prevent greater harm, and designed to be as least invasive as possible.”
A Populace Already Accustomed to Limitations
Matías Bari, CEO and co-founder of Buenos Aires-based cryptocurrency platform Satoshi Tango, provided a view from the ground. He explained that after a couple of days of capital controls, things appear quite normal by local standards. Central bank statistics reveal that among those who regularly buy USD, more than 80% buy less than $10,000 monthly, and thus these new measures do not bother them. Businesses, on the other hand, are widely affected.
“Of course it affects the companies as they cannot send funds abroad nor buy USD as a store of value (they are able to buy USD to pay for imports or pay a debt),” Bari detailed. “These controls completely affect every single company as they are not able to buy USD as a store of value and protect themselves from inflation and devaluation. Moreover, if you export goods or services and receive payments in USD you need to exchange those USD for ARS and you are unable to repurchase those USD through the bank.”
Currency Exchange House in Buenos Aires
“Capital controls are always a last resort measure when a country’s currency collapses and its citizens try to find shelter with a stable currency such as USD, EUR or GBP. Unfortunately this is something we have experienced in the past and depending on the business you are involved in it can affect your operations,” Bari commented. “As a regular citizen it only reaffirms that the situation is very delicate and we might or might not be a few steps away from hyperinflation.”
The CEO of the cryptocurrency platform added that regarding their own activity in Argentina, Satoshi Tango has seen a slight increase in operations but it is not significant. “People here are kind of used to finding obstacles when trying to send money abroad. It is not new, thus we are not seeing at the moment a whole bunch of people switching to crypto to perform those operations. Of course bitcoin always arises as a new asset that can protect you from currency devaluation and these desperate government measures trigger a battery of press articles, Twitter campaigns and social network noise that promote bitcoin as a solution for these problems.”
How Argentina Got This Way
Last month the peso shocked investors when it dropped over 30% in value in one day to a record low of 65 pesos per 1 U.S. dollar. However, this was just one part of the sad saga in the economic history of Argentina. Although it controls a rich land and an educated populace, the Argentine case has been a textbook example of government mismanagement for decades. The country seems unable to stop inflation from cropping up over and over again and occasionally resorts to defaulting on its debts or IMF rescue plans that take a heavy toll on the people.

The dangers of governments and central banks controlling the issuance and flow of money are not limited to any one country of course. Fiat currency gives incredible power to a few people at the top, which they can use to devastate the life savings of everyone else, as well as the short term incentives to do so. Even in the most stable democracies, if most of your savings are in local fiat, you are always just one election cycle away from potential financial ruin by politicians. This is one of the main reasons people are attracted to the idea of cryptocurrency as both a hedge and a complete financial alternative.
What do you think about capital controls in Argentina and how they show the dangers of government-controlled money? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Markets, another original and free service from
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Bron : Bitcoin en toekomst van crypto

3-Day Japan Bitcoin Cash Survival Challenge

Among cryptocurrency enthusiasts, Tokyo is often mentioned as one of the most crypto-friendly cities in the world. Recently, it has especially become known for Bitcoin Cash (BCH) adoption, which is a cryptocurrency that has the characteristics of the original Bitcoin (BTC), as intended by the mysterious creator Satoshi Nakamoto. Bitcoin Cash is meant to be used as cash for daily transactions, while Bitcoin (BTC) is not as useful as before with its high transaction fees, etc.
Also read: 5 Key Concepts from Day One at Bitcoin Cash City
Three Days Subsisting on BCH
The Bitcoin Cash community in Tokyo is growing. I am an organizer of the Bitcoin Cash Meetup which currently has 1,500+ members. We meet up every Wednesday in Tokyo. I am also a Community Manager at and Satoshi’s Angels helping with the community’s growth and adoption of Bitcoin Cash.
Tokyo Survival Channel challenged me to survive 24 hours in Tokyo with only Bitcoin Cash (BCH) — no fiat currency. This was their rule:
All of the things you buy must be paid with BCH, or BCH converted into some kind of e-money. No “fiat” (=Japanese yen) can be used during the challenge. Have a normal city life in Tokyo.
I told them that it would probably be easy to do this, so they upped the challenge to 3 days/72 hours instead. I wasn’t sure if I could really get through 3 whole days without using any fiat currency, but I decided to take the challenge anyway.
Summary of my challenge
Crypto Survival Challenge: Day 1
Crypto Survival Challenge: Day 2
Crypto Survival Challenge: Day 3
Can you Enjoy Tokyo with Only Bitcoin Cash?

Crypto Survival Challenge: Day 1

Monday, August 26th
I didn’t want to mistakenly use fiat (Japanese yen), because it’s easy to do, so I decided to hide my fiat and credit cards in the closet, so I couldn’t touch them. I loaded my mobile wallet with 1 BCH (about 32,000 yen worth). My wallet was very lean (in a good way)! I started to feel a bit nervous unexpectedly thinking to myself “Can I really survive without fiat for 3 whole days?”
Lunch at Dot RAW
I started with lunch. I was in the mood for something healthy, so I went to Dot RAW to have their all-you-can-eat salad, soup and deli (3 kinds of dishes) for 1,100 yen. They also have smoothies so I ordered a tropical green smoothie for 800 yen, too. Maybe that was too many vegetables. I paid with BCH from my mobile BCH wallet directly.
Cost: 1,900 yen

Coffee at Gluten-Free T’s Kitchen
Gluten-Free T’s Kitchen across from Tokyo Midtown is popular for visitors who are looking for gluten-free food in Japan. I feel vegetarian/vegan or gluten-free restaurants are still hard to find in Japan. This cafe also makes desserts that taste so good you can’t tell that they’re gluten-free.
Cost: 500 yen
Chocolate snack at Family Mart
You’re probably thinking, “Wait, I can use cryptocurrency at a convenience store?”
The answer is, yes you can! But indirectly. This is how I did it:
A Japanese exchange Decurret has just released a cool service that lets users charge some of the most popular e-money cards/wallets such as Rakuten Edy, Nanaco, and Au wallet with certain cryptocurrencies (BCH, BTC, LTC, and XRP). Here is their press release for the service.

Being able to top-up these popular e-money cards means you can shop at 400,000+ shops for Edy, 490,000 + shops for Nanaco, and Au wallet can be used for places that accept Visa or Mastercard, so that’s a lot of shops. Opening an account with an exchange takes some time, so asking a friend to buy you “gift points” might be another easy option. Edy and Nanaco are charged with gift points.
Cost: 108 yen
Printing at 7 Eleven
I had to print something, so I went to 7-Eleven and used the printer with a Nanaco card which was topped-up using BCH through Decurret. Being able to use a printer with cryptocurrency even indirectly was a very cool experience for me.
Cost: 660 yen

A Quick Drink at MEZZO
You think night clubbing or going to a bar in Tokyo is too expensive? Mezzo is located right by Roppongi Crossing, with a great atmosphere and professional, friendly staff. Their drinks and most of the food are 500 yen (less than 5 U.S. dollars). They accept BCH directly from your BCH wallets.
Cost: 500 yen

Bitcoin Cash IPA and Pizza for Dinner at Two Dogs Taproom
Two Dogs Taproom has been a long-time Bitcoin supporter going back to 2013. They accept BCH and BTC now, directly from your Bitcoin wallets.
They also make Bitcoin Cash branded IPA, which is their best seller. Don’t forget to try Coinspice pizza, which is sponsored by crypto news outlet. If you pay with BCH, you get Bitcoin Cash IPA for a happy-hour price. Even though they accept Bitcoin (BTC) as well, I chose to use BCH because it’s much cheaper to use. When I paid the bill with BCH, I spent 0.08 yen which is less than one-tenth of a penny, but if I used BTC, I would have paid 100–200 yen on top of my bill. Two Dogs’ owner told me that nobody really pays with BTC anymore because of its high fees.
Tipping in Japan isn’t common, but it’s fun to tip staff in BCH, so I added another 300 yen on top of my bill.
Cost with tip: 3,350 yen
A Drink at Jokers
The night club Jokers is about 20 steps away from Two Dogs Taproom. They accept BCH directly from your BCH wallets.
Cost: 1,000 yen
Late Night Curry at CoCo ICHIBANYA (Spicy level 4 🔥🔥🔥🔥)
It was almost 1:30 a.m. and I was getting hungry again… In the late hours of the night, the choices are more limited for a good meal if you want to buy with bitcoin cash (BCH) directly, so I decided to use one of those cards that I topped up with BCH using Decurrent. I ordered a takeout “Summer Chicken Curry” from CoCo Ichibanya with Edy.
Cost: 985 yen
Day 1 Recap
In the morning I was a bit worried if I would be able to survive with no fiat for 72 hours, but by the end of the day, I realized there are so many places that I can spend cryptocurrency directly and indirectly.

No Fiat 72 Hrs Challenge in Tokyo Day 1 Results🗼1. Healthy lunch & smoothie at Dot RAW 2. Coffee at Gluten Free T’s Cafe 3. Quick drink at MEZZO 4. BCH IPA & pizza for dinner at Two Dogs 5. Drink at a night club “Jokers”…and more! All paid in #BCH😎@_tokyochallenge
— Akane Yokoo (@YokooAkane) August 26, 2019

Crypto Survival Challenge: Day 2
Tuesday, August 27
I was still full from the late night curry from yesterday, so I skipped breakfast.
Iced Coffee from Family Mart
I need some coffee in the morning, so I went to Family Mart and paid for an iced coffee with Edy. Nice and easy!
Cost: 100 yen
Lunch at Gusto
I had lunch with my non-crypto job colleagues.
I told them that I couldn’t use fiat, so we decided to go somewhere that accepts Edy or Nanaco. They think I’m a weird Bitcoin nerd who can’t stop talking about Bitcoin all the time, but they’re nice enough to bear with me. We decided to go to Gusto, which is a family restaurant chain in Japan that accepts Edy.

When we were about to order food, however, the waiter told me they only accepted Edy through a QR code. Since I have an iPhone I couldn’t install the Edy app, and Gusto didn’t accept the Edy card. I challenged this situation by convincing one of my colleagues to accept BCH for me so she could pay on my behalf with JPY. The peer-to-peer exchange of Bitcoin was made in a few seconds. I had a hamburger and salad.
Cost: 1,023 yen
Hot Coffee from Natural Lawson
Lawson accepts Edy.
I love Natural Lawson because they have so many kinds of high-quality products including organic wine, coffee, snacks, vegetables, etc., in addition to daily essentials all convenience stores have. They even sell organic natto.
Cost: 100 yen
Cake at Dean & Deluca – 583 yen
After work, I was craving something sweet. I stopped by Dean & Deluca at Tokyo Midtown for a delicious looking piece of cake. They accepted Edy.
Note: If you want to exclusively spend BCH for desserts, places I mentioned before like Gluten Free T’s Kitchen and Dot RAW serve desserts as well.

Dean & Deluca

Cake at Dean & Deluca

They accept Eddy payment.

Paid with Eddy!

Cost: 583 yen
3 pairs of socks at UNIQLO
Time for a little shopping.
I went to UNIQLO and purchased 3 pairs of socks. They accept Edy!
Cost: 1,069 yen

Passed by Matsuya
Hmm, I guess they don’t accept Edy or Nanaco…
Bottled Water from Mini Stop
I was thirsty, so bought a bottle of water from Mini Stop, which is another chain of convenience stores, with Edy.
Cost: 91 yen
Eye Drops from Drug Store Matsumoto Kiyoshi
I remembered that I needed to buy eye drops, so I bought a bottle at Matsumoto Kiyoshi, which is probably the largest drug store chain in Japan. They accept Edy.
Side Note: I heard Japanese eye-drops are popular souvenirs among some people.
Cost: 198 yen
Train Fare – 195 yen x 2 = 390 yen
So here came the big challenge — how could I pay for transportation with cryptocurrency?
Decurret’s president hinted this year that they’re thinking about adding crypto for charging Suica, which is one of the two major digital money cards used for transportation issued by JR East. Unfortunately, it hasn’t happened yet, so what to do? I couldn’t think of an easy way to get around this challenge. Asking a random stranger to purchase a ticket and I will pay them BCH did not sound like an easy or fun thing to do. I asked a friend to buy and charge PASMO for me after sending him 4,000 yen worth BCH. I have not touched fiat so far.

Spanish Dinner at La Cocina De Gaston in Nihonbashi – 3,000 yen
Had a nice red wine, delicious tapas plate, and peppermint tea and paella for dinner. They accept BCH directly from your BCH wallet.
Book at Book 1st
I bought a Japanese book about blockchain technology at Book 1st using a Nanaco card!
Side note: “Digital Gold” by Nathaniel Popper is a recommended book if you want to hear an interesting history of Bitcoin.
Cost: 1,998 yen
Don Quijote
Don Quijote is like Walmart. They have all kinds of things from daily consumables to party items, electronics, etc. I often recommend this place for souvenir shopping for my foreign friends who are visiting Japan. I bought a green tea flavored chocolate snack.
They accept Rakuten Edy.
Cost: 149 yen
Frozen Strawberry Margarita at Wall Street House
Wall Street House is located next to Two Dogs Taproom and Jokers in Roppongi’s “BCH District,” where there are about 6 BCH-friendly shops on one block.

The bar is great for a quick drink after dinner. From the counter table, you can enjoy the busy streets of Roppongi while you enjoy your cocktail.
They also offer 200-yen discount if you pay for a drink with BCH.
Cost with discount: 1,000 yen
Window Shopping at Luxury Watch and Jewelry YUKIZAKI – 0 yen
Yukizaki, a luxury watch and jewelry company that has more than 15 shops in Japan, accepts BCH as payment. While it’s too much money for this challenge, it would be hard to pass up if I needed a new watch.

Some of the photos for #TokyoChallenge No Fiat 72 Hours Survival Day 2😋
— Akane Yokoo (@YokooAkane) August 27, 2019

Crypto Survival Challenge: Day 3
Wednesday, August 28th
I worked from home in the morning, and I didn’t want to leave the house but I was hungry. It would have been nice if I could use crypto to get food delivered with services like Uber Eats. This is something that is definitely missing.
Lunch at Downtown B’s Indian Kitchen – 1,000 yen
This pop looking place is actually an authentic Indian curry restaurant. Downtown B’s uses good ingredients to make delicate-tasting curry, which is not spicy.
I ordered a “Grill Lunch Set” that comes with tandoori chicken and a drink.


The Menu

Grill Lunch Set – 1,000 yen

BCH accepted!

Cost: 1,000 yen
Taxi from Roppongi to Ebisu
I was running late for my hair cut appointment, so I decided to take a taxi. They accepted Edy.
Note: Some taxis only take cash (fiat) so when you get in be sure to ask them what they accept.
Cost: 1,850 yen
Haircut and Treatment at Hair Salon Mint
I was running late for my appointment at the hair salon Mint, which is one of the few salons that accept BCH directly.
The friendly owner and staff gave me a very warm welcome. Their salon has a spa-style room where they give a variety of hair treatment services. Just hearing about the spa menu made me feel relaxed.

Getting new hair cut

Paid with BCH

After a haircut, they gave me an herbal scalp cleansing and moisturizing hair treatment followed by a neck and shoulder massage — I was completely relaxed. I’d like to come back here for more spa treatments soon. The total bill was 10,220 yen but I got 20% referral discount.
Cost with referral discount: 8,170 yen
Drinks at Bar BASHI in Ebisu
BASHI is a nice cozy bar that started accepting BCH in August 2019. The Bitcoin Cash Meetup that I help coordinate met on day three of my challenge. We welcomed 20 people and discussed topics ranging from basic information on Bitcoin Cash to recent progress on BCH development, etc. It’s a very friendly community in Tokyo, so please join us if you love Bitcoin!

A quick view of tonight’s Tokyo #BitcoinCash (#BCH) meetup at the new venue BASHI in Ebisu!
— Akane Yokoo (@YokooAkane) August 28, 2019

Cost: 2,900 yen
Drinks at Sheesha Bar No.5
After lots of talking and laughing, I headed to Sheesha bar No.5 with a friend.

We ordered 2 drinks and one sheesha (guava and strawberry flavor). This place accepts BCH directly.
Karaoke is included. They have a great view from the windows. Very Tokyo-ish. There’s also 500 yen per person table charge.
Cost (for 2): 5,500 yen
Cookies from Daily Yamazaki (Convenience Store)
The 72-hour challenge was almost over… I celebrated it with a small bag of chocolate-covered cookies (Takenoko no sato) from the convenience store Daily Yamazaki.
Cost: 140 yen

Daily Yamazaki, one of the famous Japanese Convenience store

Takenoko no Yama! Popular snack.

Can you Enjoy Tokyo with Only Bitcoin Cash?
I’d say living on bitcoin cash for three days is doable, and there are a lot of ways you can use bitcoin cash in Tokyo directly and indirectly. You can easily find restaurants, nightclubs, and bars (some have karaoke inside) that accept BCH directly, but you will have a hard time using transportation, postal and delivery services, etc. with cryptocurrency.
Also, I’d like to talk about the “hidden costs”. As much as these e-money cards are useful, paying with cryptocurrencies directly instead of going through these services is much better in the bigger picture. If you send BCH directly to a shop, for example, there is almost no fee for you or the shop, while if you pay with a credit card or e-money card, shops are charged 3–5% for the payment service even if it’s free for you to use those services. And the irony is that most shops reflect this fee in the product prices so that they don’t loose money, which means us consumers are indirectly “paying the price” for these expensive payment service fees. There is a reason why cost-efficient businesses like Saizeria (family restaurant) don’t accept e-money card payments.
Credit card services, e-money cards, or fiat are probably here to stay for longer than we think, and there are benefits from using those forms of money, too during the transition. There are many other merchants I wanted to introduce but three days was too short for that. You can find recommended shops that accept BCH directly here at
Enjoy Tokyo with Bitcoin Cash (BCH) and let us know your fun experience!

More Tips for Travelers
Opening an account with a Japanese crypto exchange locally is probably unrealistic. So if you need to change your BCH to cash (fiat/Japanese Yen), using services like Local Bitcoin as it does not require registration or ID may be helpful.
If you need more info about spending BCH in Japan, feel free to visit the local Tokyo meetup that’s held every Wednesday night. We’re sure you’ll find lots of useful information and make good connections about cryptocurrencies or Japanese culture from the participants.
If you are a foreigner visiting Japan and you’d like to use an e-money card with BCH, nanaco might be the easiest of all three. I recommend asking a friend to top it up for you beforehand if you live abroad. It takes a few days until you can receive Nanaco points.
If you are a ramen fan, there are two ramen shops (named Ramen Jinanbou) that are very good in Nogata that accept BCH directly. I highly recommend it.
Don’t forget to check out Hatano Chiropractic, which is only 1–2 minutes away from Ramen Jinanbou.
I definitely recommend bringing fiat if you want to travel in the countryside.
You will be shocked to find that some of the old shops and hotels do not even accept credit cards yet.
How to find stores and restaurants that accept Cryptocurrency:
Go to Marco Coino. They keep the most updated info about shops that accept Crypto payment.

This article was originally published by Akane Yokoo here.
Images credits: Akane Yokoo.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
The post 3-Day Japan Bitcoin Cash Survival Challenge appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

Emergent Coding, Adoption Incentives and Practical Use – Bitcoin Cash City, Day 2

The Bitcoin Cash City conference in North Queensland has just wrapped up, and participants are now unwinding after two consecutive days of presentations, product demos, free gifts, and plenty of food. Tomorrow, September 6, there will be a special workshop for developers, and then the conference proper will end and it’s on to next year’s plans. Day two presented attendees with a smorgasbord of info: tax advice, practical business solutions, onboarding tips, introductions to emergent coding and more.
Also Read: 5 Key Concepts from Day One at Bitcoin Cash City
A Packed Day of Bitcoin Cash Action
Morning session speakers on day two included seasoned crypto entrepreneur David R. Allen, Lead Developer at Bitcoin ABC Amaury Séchet, Bitcoin Cash App explorations and applications by Dr. Saad Butt, Dao Zhou and Ethan Cannon, CEO at Echt Fin, Jeanette Murphy, Sr. Software Engineer at Code Valley, Mark Fabbro, International Public Relations at Bitmain, Nishant Sharma, and Director at BCH.Club, Hongli Wang.
Speaker Dao Zhou laments his recent frustration at waiting in a long line at a bar, and points to the Cashbar app as a solution. (photo by @kilrcola)
Afternoon talks began with a four-member panel discussion entitled “How do we increase Bitcoin Cash adoption to a larger scale?” moderated by film and television producer Naomi Brockwell. Following the panel were talks by Community Manager at, Akane Yokoo, designer and online retailer Cameron Lee, local business owner Donna Kilpatrick, and a closing speech by Code Valley’s Noel Lovisa.
Bitcoin Cash City attendees check out Dr. Paul Chandler’s Cashbar point of sale device, which allows BCH users to quickly and easily order a drink. The Cashbar is a small scale example of the types of systems which can be built using emergent coding techniques.
Emergent Coding
Even developers in attendance were stumped by this one, when the phrase popped up on the first day. “Emergent Coding?” More than one member of the Townsville software company, Code Valley, made reference to the idea, and on day two, attendees would get a better idea of what they meant. Mark Fabbro, the senior software engineer at Code Valley, explained that emergent coding is basically an assembly line for mass-producing software. Instead of relying on the more time-consuming and often error-prone methods of 100% “bespoke” models, where a single developer or developer group creates software tailor-made to one specific client’s vision, from the ground up, scaled, interchangeable elements are used. CEO Noel Lovisa elaborated:
We actually have a lovely little trick that makes all elements uniform in complexity …This ability to subcontract means that I can now fix the level of complexity of the agent that’s delivering the feature, and in fact, the guys that I’m subcontracting can also achieve the same.
In essence, instead of Code Valley delivering every element of every client contract themselves, they are building a sub-industry — an interchangeable network of over 2,000 subcontracting units/groups that can scale interchangeably — so when a client orders a product, the order can be executed extremely quickly and efficiently, by calling upon any combination or number of the subcontractor groups. Fabbro compared this approach to that of Toyota in the automobile industry, as Toyota uniquely divided itself into several independent sub companies early on, which continue serving one another.
Left to right: Naomi Brockwell, Joshua Green, Vin Armani, Donna Kilpatrick, and Akane Yokoo discuss BCH adoption.
BIP70, Adoption Incentives and Advice
During break time, was able to sit down and talk briefly with event host and CTO at Cointext, Vin Armani, about onboarding and adoption. “In my opinion the biggest problem that we’ve had, really, I would say since about 2014, is that we’ve had a lack of enthusiasm from entrepreneurs coming in to the space,” Armani stated. “From that time, really from the exchanges — those early exchanges, and the things that great out of them — until now, what we see is really a lack of entrepreneurial activity.” Armani went on to detail Cointext’s role in stoking that flame, and taking a chance on BCH via a unique business model. He emphasized:
Everybody’s got their 12-word phrase of their wallets. Let me tell you the most important 12-word phrase … Here are the 12 words: We take a small fee as an additional output in every transaction. Those 12 words are the 12 words that will drive all adoption.
The former reality TV star expounded on this statement, demonstrating that when merchant onboarders like Community Manager at Akane Yokoo onboard business owners, they should be incentivized to do so in order to make the process sustainable. Since BIP70 allows wallets to make multi-output transactions, sales could be set up so that with each purchase, the onboarder gets a small percentage. This is also Cointext’s revenue model.
In her own presentation about adoption, Yokoo — also the organizer of the Tokyo BCH meetup — emphasized the need to keep things simple, and to use personal connections to reach merchants. “Many people seem to think that I’m busy just going around to merchants … or that I have great special sales skills.” Yokoo stated that this is not true, but that a certain methodology helps.
The first thing is that they [businesses] have some idle time … if you go to a restaurant and see it’s not busy … this is a great chance for you. You can bring your friends, you can bring your meetup there, and bring them business.
Akane also noted that it’s vital to speak directly to managers or owners, and make receiving BCH as simple as possible for them. In an extreme example, and in a similar spirit to the underwriting initiatives in Townsville, Yokoo has even offered to buy especially hesitant merchants’ BCH revenue from them, in exchange for less volatile JPY. When explaining matters like taxes and volatility, Yokoo noted that concerned business owners can convert the currency right away and pay simple income tax, or if they wish to hold the coins, choose to pay taxes on gains as well.
Townsville business owner and no-friend-of-the-pesky-banks, Donna Kilpatrick.
Local Entrepreneurs, Practical Solutions and Fun
While most of the presentations at Bitcoin Cash City were delivered by people deep into the space, the jargon, an inner geek-proud world of all things crypto, local business owner Donna Kilpatrick served up a practical reminder of what Bitcoin has always been about: peer-to-peer electronic cash. Kilpatrick stated at the end of her speech:
Onboarding a merchant is simple, there’s no forms to fill out, there’s no tick this box, do that, stand on your head, stand on one leg, post it on this day, do that …[Just] get your smartphone, download your wallet. Good to go.
She expanded on that point, emphasizing to attendees that most merchants don’t care about the technical side of it all really. Kilpatrick maintained that if BCH acceptance helps make business better, merchants will be interested regardless. The user experience for customers at her cafe is of equal importance to the entrepreneur, noting of the QR code system, “It’s easy for them as well. It only really truly works if it’s working for me, and it’s good for you, too.” Lamenting excessive fees from banks, Kilpatrick got a big laugh and loud round of applause when she claimed: “If I can stick it to the banks in any way, I’m all in.”
Ethan Cannon, Jr. Software Developer at Code Valley, introduces the audience to the “Perpetual Happy Hour” (PH2) app.
Code Valley’s Ethan Cannon also lightened spirits when he introduced a clever new app allowing anyone in the world to buy a drink for a stranger and watch the cheer unfold in real-time. The app, called “Perpetual Happy Hour” (PH2) utilizes in-house cameras, and uses the BCH network to facilitate Patreon-network-like relationships, allowing fans to buy their favorite users — or even complete strangers — a drink.
Designer and online retailer Cameron Lee also kept things very relatable, and touched the humorous, human side of crypto, when he shared a story about his first time ever using bitcoin. Lee told the audience he set up three separate computers and devices in his home, and sent bitcoin back and forth between the machines just to make sure it really worked, but that he “still wasn’t totally convinced.” Lee went on to emphasize that for newbies, this whole crypto thing can truly be a weird new world, so understanding is important.
The city of Townsville, Queensland.
Next Year’s Bitcoin Cash City
When asked CEO at and BCH City organizer Hayden Otto if there were any plans for next year’s event, he stated:
I’ve already been talking about this actually, before this one got started, so I think this is pretty doable to make this an annual thing … maybe we can even do it more frequently later. I’m interested in taking it to locations where there is a high amount of Bitcoin Cash merchant adoption, and we can go and just support those areas that are supporting Bitcoin Cash the most.
Asked if he views Bitcoin Cash as more suited to promoting economic sovereignty and freedom than other tokens, Otto remarked, citing the block size: “Yeah I do, because I’m not being limited in any way with Bitcoin Cash.” The event organizer went on to point out that with other protocols, like BTC, block size limitations and resultant fees encumber users, further remarking that “Bitcoin Cash is the cryptocurrency with the least amount of friction.” Nodding to dedicated developers and evangelists in the space, Otto told these are the reasons why he’s bullish on BCH. Aside from tomorrow’s developer workshop, 2019’s Bitcoin Cash City now draws to a close. Next year awaits, and along with it many new opportunities for increasing financial freedom worldwide.
What are your thoughts on the Bitcoin Cash City conference? Let us know in the comments section below.
Images courtesy of @kilrcola, Graham Smith.
You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH directly from our trusted seller and, if you need a Bitcoin wallet to securely store it, you can download one from us here.

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Bron : Bitcoin en toekomst van crypto

Simple Ledger Protocol Announces Virtual Hackathon Devoted to SLP Token Ecosystem

For 72 hours on Sep. 27-30, teams from around the world will participate in a Simple Ledger Protocol (SLP) Virtual Hackathon. Participants will compete for $2,000 worth of prizes by submitting open source code utilizing the SLP framework. The Hackathon’s website details that winners with innovative SLP token-based concepts will also be awarded the event’s nonfungible trophy tokens.
Also Read: Fantasy Sports Giant Fanduel Now Accepts Bitcoin Cash
The Simple Ledger Protocol Virtual Hackathon
At the end of the month, teams of creators will participate in a Simple Ledger Protocol Virtual Hackathon (SLPVH). Over the last year, the SLP token universe has grown immensely and there’s now a lot of supporting infrastructure like exchanges, wallets, and thousands of tokens have been created. The Simple Ledger Protocol is a simple token system for the Bitcoin Cash network allowing anyone to create tokens in a permissionless manner. The three-day event aims to prime SLP innovation by providing an incentive for people to compete and create progressive SLP concepts. SLPVH is sponsored by crypto organizations like Coinflex, Cryptophyl, Satoshi’s Angels,, Spicetoken, and Fountainhead. All of these groups have been involved with the Simple Ledger Protocol in some form and look forward to seeing the SLP ecosystem grow stronger.
The Simple Ledger Protocol Virtual Hackathon 2019 aims to be an annual event. The hackathon is open to anyone and people who want to participate can join the group’s Telegram chat to find out more.
“From September 27th 12 p.m. UTC until September 30th 12 p.m. UTC, teams from anywhere in the world will compete to build the hottest new SLP token application for the Bitcoin Cash blockchain,” explains the website. “Prizes will include SLPVH-exclusive nonfungible trophy tokens and portions of the prize pool.” It adds:
Projects must have all their code written in the 72 hours of the hackathon, but brainstorming beforehand is encouraged. Code submitted for the hackathon will be made publicly available via Github.
Learn all about the Simple Ledger Protocol (SLP) ecosystem at the website:
‘We’ve Only Scratched the Surface so Far on Bitcoin Cash’
On Wednesday, spoke with SLPVH organizer Jt about the hackathon and got some more information. Jt is the creator of and the explorer, and a co-maintainer of, which runs BitDB, Bitsocket, SLPDB, and SLPSocket instances for developers. The blockchain engineer wanted to give software developers who are new to the space or haven’t tested the protocol yet a fun way to learn how to write SLP applications. “We have built SLP related tools up to the point where it is very easy for people to get started, so it is the perfect time to start building out actual applications,” Jt told our newsdesk. “SLPVH is an online event where individuals or teams work to create some sort of SLP related ‘hack,’” he added. “The goal is to create some sort of SLP related project, then at the end, voting will commence and different prizes will be given based on the amount of votes.”
The Simple Ledger Protocol has become very popular and supports SLP innovation. If you are a software developer looking to learn more about the Simple Ledger Protocol, head over to our Bitcoin Developer page where you can get Bitcoin Cash developer guides and start using SLP software developer kits (SDKs) as well as Bitbox and Badger Wallet SDKs too.
Jt remarked that participants can create a variety of possible ideas like a voting system, new wallets or ways to transfer tokens, tipping bots, and games. “There is a really wide field to explore using SLP and tokens in general and we’ve only scratched the surface so far on Bitcoin Cash — One thing I’m really hoping to see are some interesting applications of Cashscript and Spedn languages.” The BCH developer said that all of the sponsors have been a gigantic help, providing advice to ensure the event is a success and helping to provide prizes. “The sponsors of the event are early-stage SLP companies and many of the people from these companies are in the Telegram chat room,” Jt detailed. The developer further clarified:
James Cramer, Kosinus, and John Moriarty, in particular, have been very helpful in providing advice, guidance, and marketing assistance — James and I will be available in the chat to help people with any questions.
Several Innovative Ideas and Help From Experienced SLP Developers
We asked Jt his thoughts on SLP tokens compared to tokens created on other blockchains and he explained that “SLP is great because it’s so easy to program and cheap to use.” “A lot of work has gone into keeping them Simple and I think it’s a great decision and cause for SLP’s success. For the majority of use cases, SLP and Script work, and for everything else you can use Ethereum.” The hackathon organizers explain that in order to make the event accessible, even to developers who may not be familiar with Bitcoin Cash or SLP, the group will provide experienced SLP developers available for consulting in the group chat on Telegram. The three-day hackathon’s website also lists an assortment of SLP token-based concepts for inspiration which includes ideas like:
Onchain voting for proposals.
New methods for transferring coins to friends.
Products which showcase the frictionlessness of the BCH chain.
SLP performance (a lot of SLP transactions).
Token specific wallet.
SLP tipping bot.
NFT collectibles.
Onchain games.
Developing innovative concepts using the SLP framework on top of the BCH chain continues to excite BCH proponents. Despite the growing number of tools, resources, and projects already built around SLP, the ecosystem is just getting started.
What do you think about the Simple Ledger Protocol Virtual Hackathon? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Simple Ledger Protocol Virtual Hackathon,, and Pixabay.
Are you a developer looking to build on Bitcoin Cash? Head over to our Bitcoin Developer page where you can get Bitcoin Cash developer guides and start using the Bitbox, SLP, and Badger Wallet SDKs.
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Bron : Bitcoin en toekomst van crypto

PR: Launches Multifunctional Payment Aggregator

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. is not responsible for or liable for any content, accuracy or quality within the press release.
We can state boldly today that cryptocurrencies will be in great demand in the future, as the cryptocurrency market surprised skeptics once again. As soon as Bitcoin began its bullish trend, hundreds of other crypto coins followed the example. The authorities of large countries are starting to think about regulation, and companies like Facebook and Telegram are launching their own coins. Against the background of all this hype, only entrepreneurs and owners of companies that accepted cryptocurrency keep composure. The reason for this composure is simple.
While cryptocurrency was in demand, it was necessary to give customers the opportunity to use it. Despite the fall in cryptocurrency price, many companies and private traders have started to accept payments in the crypt in their projects and stores. Today we see the result of this strategy. By the end of August 2019, bitcoin and the entire crypto market grew by more than 100% compared with January of the same year.
This allowed companies to get up to 100% of net profit without any cost. And this profit continues to increase. So how to keep up with these companies and also start accepting cryptocurrencies on your websites or services? There are two ways: first, to raise nodes with blockchains of all necessary currencies manually or second, to use cryptocurrency processing services. Now we will consider one of such services. cryptocurrency processing
PayKassa is primarily a 2 in 1 service: a multifunctional payment aggregator + cryptocurrency wallet. The service has been on the market for 3 years and during this time it has established payments in 14 types of basic crypto coins (BTC, ETH, XRP, TRX, WAVES, XMR, ETC, BCH, LTC, DOGE, DASH, BSV, ZEC, XLM). Moreover the number of directions in the listing of the service is constantly growing. PayKassa regularly integrates all new and popular coins.
PayKassa offers discounts on commissions for large projects that are planning to work with a large volume of transactions. Such projects include exchangers, Pre-ICO and ICO for the primary placement of tokens, crypto exchanges, etc. The amount of commissions is negotiated individually.
PayKassa adheres to principles based on democracy and freedom. The main mission is to break down barriers between people and countries and make transactions as anonymous and simple as possible.
The main advantages of
One big advantage of the service is that it doesn’t matter where our client is from, they can manage their business from anywhere in the world. This allows our clients to optimize tax payments, and receive money in the currency that suits them best.
More than 2,350 sites are already connected to the PayKassa service, and the number of users that tried the service and are satisfied with it is growing every day.
The main advantages of processing:
Connection and setup will take no more than 10 minutes;
There are payment acceptance plugins for popular CMS (Opencart, Shop-Script, HostCMS, DIAFAN.CMS, cs.cart, UMI.CMS, AmiroCMS, MODX, PrestaShop, oscommerce, Simpla, PHPshop, WordPress, bitrix, H-Script, GoldCoders );
Choosing the party to pay commission costs (you yourself choose who will pay the commission – you or your clients);
No mandatory documentary verification of the account;
Suitable for both legal entities and individuals;
Transaction Security via SSL cryptographic protocol.
What is more, PayKassa offers a 1-level affiliate program, which is perfect for financial web-resources. The resource connection is fast enough and contains no hidden nuances.
Attracting customers is possible only in the ways that are legal – social networks, popular forums and blogs, contextual advertising, landing pages, etc.
Special features of the affiliate program:
Partner payments – up to 25% of the commission amount;
Available payments in all directions;
For a quick start, there are ready-made promotional materials (on request);
How can one start working with service?
Registration of personal account is quite fast. If you follow a few simple steps, you can start connecting to the payment aggregator in 10 minutes.
1. Click the or “Free registration” link on the main page;
2. Specify your e-mail, agree to the terms and put a tick in the checkbox;
3. Done! Now you need check your email inbox and save the password from the PayKassa email;
4. If there is no email, check the spam folder.
The personal account interface is intuitive and easy to use. You will always be able to have a look at detailed statistics on payments and payouts, as well as created merchants and API.
How does one add “Merchant” ?
To add your merchant to PayKassa, you need to fill in the following fields on the tab of the same name:
1. Specify the merchant’s name
2. Write the merchant’s domain
3. Register the secret key in a PHP file on the server;
4. And register the URLs of the pages: payment processor, successful and non-successful payment;
5. Give a small description of the merchant;
6. Click the button “Add merchant”.
Then, you need to configure PHP scripts or module for CMS. Usually, the webmaster does the setup. However, the installation of the module for the engine can be carried out independently; the main thing is to follow the instructions that are attached to each CMS.
If necessary, the merchant’s settings can always be changed: add conditions, set up payment, withdrawal, etc. If you have any difficulties or questions during the connection, you can contact out technical support – they reply very quickly.
Undoubtedly, PayKassa is not the only cryptocurrency processing that offers its services in the network. However, during the three years of its existence, the service has not received a single negative review.
Today, PayKassa’s aggregator is used by more than 7,500 customers, and every year there are more and more of them. The reasons for the growing popularity are as follows – adherence to the principles of openness and freedom, and a reverent approach to its customers.
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post PR: Launches Multifunctional Payment Aggregator appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

5 Key Concepts from Day One at Bitcoin Cash City

With day one of North Queensland’s Bitcoin Cash City all wrapped up, conference attendees were left with an overflow of big ideas to distill, process, and potentially integrate. These include underwriting merchant adoption, building tech parks and mining operations, BIP70 applications, separation of money and state, government applications of crypto, user experience, and regulation. The wealth of information presented was staggering, and this post seeks to break down the day into five overarching themes.
Also Read: World’s Biggest Bitcoin Cash Conference Kicks Off in Australia – What to Expect
The Original Crypto Vision
In his morning session presentation entitled “State of Bitcoin Cash 2019,” senior Bitcoin Cash developer and creator of Bitbox SDK, Gabriel Cardona, emphasized the need to remember and appreciate the original simplicity of crypto. Noting the ease of falling into entitled familiarity, Cardona stated:
It’s really easy to kind of forget the original purity of that vision — p2p electronic cash…What it set out to do, disempower the banks and empower the underbanked or unbanked. It’s a very powerful vision…I don’t think as a society we’ve quite wrapped our minds around it yet.
Cardona went on to describe current important developments and happenings in the BCH space such as the growing SLP ecosystem (and what he sees as the upcoming “Tok-ambrian Explosion”), user-friendly addresses via Cash Accounts, spending constraints, oracles, cold wallet timeouts, permissionless inheritance protocols, PvP gaming, and on-chain auctions. He emphasized that with all the progress over the last 10 years, remembering the economic revolution instituted by Satoshi Nakamoto is key to moving forward.
Day one featured over 14 speakers contributing their viewpoints to this vision: Organizer Hayden Otto, Cointext CTO Vin Armani, Noel Lovisa, CEO of Code Valley, President at Bitcoin Unlimited Andrew Clifford, CEO at Aptissio Dr. Paul Chandler, senior Bitcoin Cash developer Gabriel Cardona, Sr. Software Engineer at Coinbase Josh Ellithorpe, BCH software developer Dr. Mark Lundeberg, Founder at Cyber Capital Justin Bons, founder at Bitcoin Verde Joshua Green, CIO at City of Dublin Doug McCollough, lead maintainer at BCHD and lead backend develop at Open Bazaar Chris Pacia, and Director at Lexcode Legal Tony Hockings. The day also feature a four-member panel discussion.
Lunchtime at the Quayside Terminal, Bitcoin Cash City, day one.
Underwriting for Merchant Adopters
One of the overarching themes of yesterday’s talks was, of course, adoption. The folks at Bitcoin Cash City are thinking beyond this, though, to building their own tech park for over 12 startups in Townsville, a local mining operation utilizing the Kennedy Energy Park, and systematic reinvestment of value into the community and surrounding areas. Adoption, as speaker Noel Lovisa of local software groups Code Valley emphasized, is only the foundation — a first step. As such, initiatives for underwriting those merchants and adopters who may still be hesitant to adopt due to volatility provides an added layer of financial security. With underwriting from knowledgable, competent crypto groups, small businesses and investors can take chances on BCH with less risk.
Hayden Otto, organizer of the conference, elaborated on the initiative he and the Bitcoin Cash City crew are pioneering:
“Businesses who want to accept Bitcoin Cash but don’t want to deal with the volatility of the price, can just accept Bitcoin Cash, and we have software that detects the Bitcoin Cash transactions going through their business. We take the Bitcoin Cash and we pay them the exact amount that it was worth in Australian Dollars. So there’s no fees involved here. We accumulate Bitcoin Cash at market rate…it’s OTC…so it’s a win-win for both parties.”
Founder and CIO of Cyber Capital, Justin Bons, discusses the relationship between crypto utility and value.
Lack of BTC Sustainability
In his speech “Investing in Utility,” Founder and Chief Investment Officer of Cyber Capital, Justin Bons, challenged support for tokens based on metrics other than practical utility. Detailing that Cyber Capital’s investment strategy is focused on fundamentals, Bons explained to the audience that the reasoning behind his company’s noticeable non-investment in BTC is not a religious, cliquish, or tribal decision, but one based on practicality. Citing the differences between a low-volume, high-fee network, and a high-volume, low-fee network Bons stated:
Where BTC has essentially become, according to its vision, a low-volume, high-fee network, BCH is aiming to be a high-volume, low-fee network. Now, the foundation of this — the problem of having a high-fee network — is that it severely restricts the utility of the system…this massively limits the potential value of that system.
Bons went on to explain that due to the current nature of the BTC protocol, his company doesn’t see real potential for the future, as the costs to sustain the network may soon outweigh its value.

Government Integration and Regulation
Arguably taking on some of the toughest topics to address in front of a crowd peopled heavily by anti-state, freedom advocates, some speakers spoke to various regulatory relationships and innovations where blockchain meets legislation and compliance.
Doug McCollough, CIO at City of Dublin, Ohio, and Joshua Green, lead developer of the Bitcoin Cash full node “Bitcoin Verde,” gave a joint presentation on “Digital Identity: Safeguarding Privacy in US Local Government, using SLP.” Working with McCollough and the city of Dublin, Ohio, Green helped to develop an SLP token for “digital identity, electronic polling system, and a token of value.” McCollough emphasized the potential for privacy protection by using the token and BCH blockchain to create a secure identity key to be used for official purposes, thus eliminating information leaks which compromise the security of the user.

Tony Hockings, director of Townsville’s Lexcode Legal, spoke on what he views as the necessity of working with government laws and regulations. Hockings cited the reality of a growing crypto regulatory system, and emphasized what he views as the eventual futility of not becoming familiar with these systems and how to navigate them.
Photo of Bitcoin Cash City attendees, day two, by @kilrcola.
Re-Humanizing Crypto
Day one of Bitcoin Cash City culminated in a four-speaker panel entitled “How does Bitcoin Cash attract a larger developer community,” moderated by organizer Hayden Otto. Featured on the panel were Coinbase’s Sr. Software Engineer Josh Ellithorpe, CEO at Aptissio Dr. Paul Chandler, Amaury Séchet, lead developer at Bitcoin ABC, and Senior Bitcoin Cash Developer at Gabriel Cardona.
Throughout the course of the discussion questions could be submitted to panelists via Telegram. One of the more memorable moments came during the participants’ final comments, where Coinbase’s Ellithorpe championed remembering to keep things human in the crypto space. Referencing vitriolic online mudslinging, Ellithorpe implored attendees to remember that there’s a human on the other side of the screen, which elicited a huge response of applause. Cardona championed not selling oneself short, as often times talent in the crypto space comes from unexpected, “unqualified” sources. The panel as a whole wrestled with ideas of incentivizing high-level programming talent, staying true to one’s convictions, and still being willing to meet adopters where they are, without an attitude of pretentious superiority.
BCH meetup at the Watermark.
After the conference day most attendees headed to the Watermark for a meetup featuring delicious seafood and great drinks, all paid for in BCH. Hearkening back to the panel discussion, even individuals of conflicting worldviews like anarchism and nationalism, and anything beyond and in between, were able to find some sort of common ground in Bitcoin Cash. As of this writing, the conference is still underway, delivering excellent speeches on mining, emergent coding, and blockchain warfare, all to be covered here at – so stay tuned to this channel.
What are your thoughts on the Bitcoin Cash City conference? Let us know in the comments section below.
Images courtesy of @kilrcola, Noel Lovisa, Graham Smith.
You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH directly from our trusted seller and, if you need a Bitcoin wallet to securely store it, you can download one from us here.
The post 5 Key Concepts from Day One at Bitcoin Cash City appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

Cryptocurrency Projects Are Upping Their Privacy Game

What you do with your digital currency ought to be nobody else’s business. Unfortunately, law enforcement, regulators, blockchain forensics firms and other opponents of civil liberties are constantly seeking to usurp this basic human right. As a result, crypto developers are caught in a constant battle to maintain a reasonable degree of transactional anonymity.
Also read: New Storm Concept Could Strengthen Bitcoin Cash Instant Transactions
Suterusu Promises Inter-Chain Privacy
Interoperability is all the rage in blockchain land right now, so it was only a matter of time until someone created a solution for baking in anonymity along the way. Suterusu uses zero-knowledge proofs that enable assets to be transferred across blockchains in a private manner. Not a whole lot is known about the project at present, but it captured the imagination of privacy proponents already with the promise of a joined up ecosystem of privately transferable crypto assets. 76% of all tokens have been promised to the community through mining, while on-chain governance will help shape future project developments and blockchain integrations.

Beam Hard Forks to Support Confidential Assets
Mimblewimble cryptocurrency Beam has just undergone its first hard fork. As a result, the privacy coin now has a new mining algorithm. Despite the forced change, the network hashrate was able to recover within 24 hours, following the inevitable drop-off while miners switched to the new protocol rules. From a privacy perspective, the main benefit of the fork was that it activated confidential assets. This provides a means for cryptographically verifying that a transaction is secure, and that no additional assets have been created in the process, but without revealing the nature of the transaction including the assets it contained.
Beam’s mining performance immediately before and after the hard fork
Meanwhile, Litecoin and Beam’s partnership remains in the works. All going to plan, LTC should have optional private transactions using Beam’s take on Mimblewimble implemented by the end of this year, or thereabouts.
Decred Mixes Things Up
Rather than emulate Litecoin and import existing privacy coin tech into its protocol, Decred has decided to integrate coin mixing into its PoS system. This means that stakeholders will gain anonymity and the ability to “simultaneously create a substantial background volume against which they and non-stakeholders can mix regular transactions.” Decred will use Coinshuffle++, which is based on Coinjoin, a mixing technique more commonly associated with Bitcoin.

Bitcoin Cash Becomes More Fungible
Bitcoin Cash has its own take on Coinshuffle – Cashshuffle. The technology works on the privacy in numbers approach, in which the more users who participate by commingling their transactions, the harder it is for the source to be ascertained. With greater Cashshuffle usage comes better fungibility for all BCH users who participate in the non-custodial coin mixing solution. Electron Cash is the main wallet that’s integrated Cashshuffle, but there are further integrations coming soon, most significantly to the Wallet, whose 4.6 million users will soon benefit from better privacy at the push of a button.

Semaphore Signals Greater Privacy for Ethereum
There’s a constant stream of solutions being proposed for bringing better privacy to Ethereum. None of them have gained much traction yet, which may be because low privacy is the least of ETH’s problems at present. Regardless, it’s interesting to see the steps that are being made in trialing new technology that has the potential to bring about greater privacy for Ethereum users in need of it.

The latest initiative, Semaphore, is used in Micromix, which facilitates anonymous transactions of ETH and DAI. It uses zero-knowledge proofs, with the anonymity set revealed after midnight, by which time the cumulative growth will have made it harder for an attacker to guess the sender’s origin. The plan is for Semaphore and Micromix to be integrated into various Ethereum wallets and other mixers that utilize zk-snarks, “to provide the best possible anonymity for users as a public good.”

This week, we’re spotlighting Bitcoin mixing techniques that help obscure certain transaction details to add an extra layer of anonymity to Bitcoin and preserve coin fungibility.
— Circle Research (@ResearchCircle) August 30, 2019

BTC Wallets Shuffle Harder
Privacy-enhancing changes to the Bitcoin Core codebase are unlikely to arrive any time soon, although Schnorr signatures ought to be introduced at some stage, which will serve as a precursor to greater privacy. In the interim, BTC wallet developers have been doing their utmost to provide optional anonymity tools. The two main players advancing this goal are Wasabi and Samourai.
The latest Wasabi build adds a raft of improvements including a countdown to when the next Coinjoin round will start. Samourai, meanwhile, has added its own iteration of Coinjoin, known as Cahoots, which enables transactions between two wallets to be merged. Cahoots adds to the existing mixing tools incorporated into Samourai Wallet, giving users a range of ways to enhance their privacy depending on their needs.

Usage of pure privacy coins such as Grin, Beam and Monero remains low (the latter recorded just 5,000 onchain transactions in the last 24 hours) as a proportion of overall cryptocurrency usage. The number of projects experimenting with optional privacy-enhancing tools, however, shows that interest in attaining greater transactional anonymity is high across the cryptosphere. Given the budgetary and technical might of the foes cryptocurrency users are up against, such provisions are to be welcomed.
Do you think transactional privacy is important for major cryptocurrencies? Which cryptos do you think are making the greatest progress in this regard? Let us know in the comments section below.
Images courtesy of Shutterstock.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
The post Cryptocurrency Projects Are Upping Their Privacy Game appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto