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Saturday, March 25, 2017

Bitcoin Hard Fork Will Be Felt Deeper Than Ethereum’s: Experts

Bitcoin Hard Fork Will Be Felt Deeper Than Ethereum’s: Experts

There is some panic among users of Bitcoin regarding their fate in the event of a split within the community. Online web wallet owners seem to be the most concerned as the majority of them, apart from lacking an in-depth knowledge on the functionalities of the Bitcoin protocol assume that they may be stuck with whichever chain that their vendors decide to go with.

Some newbies are also suspecting the possibility of having their Bitcoins split between both chains in a system that may deny them the opportunity to decide which chain to follow. In a situation where the value of the Bitcoins varies, they would be left with no chance in choosing the eventual value of their Bitcoins.

Full story at http://bit.ly/2njrkMD

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Bitcoin Support Weakens As Price Drops Below $1,000

Bitcoin Support Weakens As Price Drops Below $1,000

Bitcoin prices fell below $1,000 this morning as support for the digital currency waned.

Prices had hit a low of $969.35 by the time of reporting, having started the session at an average of $1,029.95, CoinDesk Bitcoin Price Index (BPI) data indicates.

At press time, the average price of bitcoin was $977, a fall of over 5% for the session. Since the start of trading, markets had peaked at an average of $1,032.34.

Bitcoin’s price also dipped below the $1,000 mark over the weekend, hitting a low of roughly $947, before recovering the following day. Prices revived to above $1,115 yesterday, but have again since declined.

Full story at http://bit.ly/2ogg01i

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Pope Francis



Pope Francis

Save the Planet



Save the Planet

Friday, March 24, 2017

Bitcoin Unlimited ‘Fails All Criteria For Supportable Hard Fork’: BitGo

Bitcoin Unlimited ‘Fails All Criteria For Supportable Hard Fork’: BitGo

Bitcoin-for-business startup BitGo has said Bitcoin Unlimited (BU) “fails all criteria for being a supportable hard fork” in the current climate.

Adding its voice to the scaling debate, which has spread to include not just industry figures but businesses as well, the company said in a blog post that it would not support a contentious hard fork.

“BitGo considers any hard fork which is rolled out without industry-wide consensus and therefore splits the network, to be an altcoin, not Bitcoin itself,” the post states.

“This is irrespective of how much hash power the forked coin may have.”

Full story at http://bit.ly/2nj7vVu

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Climate change is happening now – here’s eight things we can do to adapt to it

Climate change is happening now – here’s eight things we can do to adapt to it

A little girl sits outside on her front stoop, watching the cars go by and the people trot to work in the early hours of the morning. She wears a long-sleeved shirt, pants, and sneakers. Nothing is particularly shocking about this image, except the fact that it’s December in New York City (or Detroit, or London). In a “traditional” year, this girl would be wearing her winter coat, a hat that covers nearly her entire head, and potentially snow boots. But not in 2016. Or 2015. Or 2014. It’s simply too warm for all those clothes.

If, like many of us, you have the sense that seasons are changing, winters are milder, summers a bit warmer, springs coming earlier, and autumns not quite what they used to be, you’d be right. According to a report released today by the United Nations, 2016 was the warmest year on record, breaking the record previously held by 2015, and before that by 2014. Having three years of record-breaking temperatures is a clear trend that the climate is changing.

And the UN isn’t the only one to have noticed; Nasa, the National Oceanic and Atmospheric Administration (NOAA) in the US, the UK’s Met Office, the World Meteorological Organisation (WMO), Japan’s Meteorological Agency, the Intergovernmental Panel on Climate Change (IPCC) and dozens of others have repeatedly stated that the global climate is changing and that society is now in “uncharted territory”.

Perhaps having slightly warmer temperatures sounds appealing. I must confess, I enjoyed walking around the streets of Ann Arbor, Michigan, in February, basking in temperatures of 15C (60F). Yet it’s not quite that simple.

Full story at http://bit.ly/2nj9edE

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Climate change is killing this remnant of the Ice Age

Climate change is killing this remnant of the Ice Age

Humans are in the process of changing the planet in a way that hasn’t happened in 2.6 million years.

For eons, the Laurentide Ice Sheet has been a fixture of North America. At its peak, it covered the majority of Canada and sent icy tendrils down across the Midwest and Northeast, covering Chicago, New York and Toronto in a mile or more of ice. It helped carved mountains as it advanced, and it filled the Great Lakes as it receded at the end of the last Ice Age.

About 2,000 years ago, the ice sheet remnants reached equilibrium on Baffin Island, Canada’s largest island, now dubbed the Barnes Ice Cap. But that equilibrium has been disrupted by human-driven climate change.

A new study shows that the last vestige of the once-mighty ice sheet faces near certain death, even if the world rapidly curtails its carbon pollution. The results indicate the Arctic has entered a state nearly unheard of since the Pliocene, an epoch when the Arctic was largely free of ice.

Full story at http://cbsn.ws/2njbH7Z

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Saying Trump is Crazy



Saying Trump is Crazy

Social Website Based on Bitcoin Prepares to Soft-Launch With Free Off-Chain Transactions

Global experts say the economic case for renewable energy has never been stronger

Countries around the world will require “an unparalleled ramp up” of clean technologies and a range of ambitious policies to prevent dangerous warming of the planet’s atmosphere, say international experts.

But they also lay out a plan that shows the expensive transformation — or “decarbonization” of the global economy — is possible and would save a lot more money than the costs of continuing business as usual.

These are among the findings in a new 203-page report released by the International Renewable Energy Agency — a partnership made up of governments from around the world — based on a set of different scenarios. The decarbonization would also lead to lower energy bills for consumers, the report said.

“Reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonization,” said the report, that was reviewed by more than three dozen energy experts from around the world.

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Social Website Based on Bitcoin Prepares to Soft-Launch With Free Off-Chain Transactions

Social Website Based on Bitcoin Prepares to Soft-Launch With Free Off-Chain Transactions

A new social media website, called Yours, has quietly launched on Bitcoin’s testnet. For Bitcoiners, that might mean within the next few months off-chain, peer-to-peer bitcoin micropayments on a social network. Yours claims to offer an “array of payment models”, which allow content creators to make money.

“Our centerpiece is the purchase model, which is very simple,” explains Mr. Charles, who once worked as Reddit’s cryptocurrency engineer. “Everybody who posts content to Yours – including articles, video, images, audio – can pick a place in their content to put a pay wall.”

Users set the price of their own content. “So, if you write a compelling article with a cliffhanger, you can hide the conclusion behind, say, a ten cent pay wall.”

Yours, as well, will offer a micro-payments wallet. This has proven a controversial technical arena in the Bitcoin universe. In recent years, as increasing amounts of throughput have been introduced to Bitcoin, the cost of transactions have gone up. Tiny transactions are no longer cost-effective on Bitcoin. Yours seeks to repair this. 

Full story at http://bit.ly/2nj1E2K

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Six financial institutions having assets equivalent to about 57%...



Six financial institutions having assets equivalent to about 57% of the GDP

Tesla co-founder and CTO JB Straubel explains its new solar storage facility

Tesla co-founder and CTO JB Straubel explains its new solar storage facility

Tesla’s new solar energy storage facility on the Hawaiian island of Kauai does what most solar power plants cannot: it stores energy from the sun during peak times for use when the grid (and its customers) needs it most. The facility is unique, with 52 MWh of storage capacity and 13 MWh of generation via its field of panels.

We spoke to Tesla CTO and co-founder JB Straubel, who oversees the company’s commercial energy concerns as part of his expanded role now that Tesla owns SolarCity, the solar power company it acquired late last year. Straubel explains that this Kauai plant is a proof point for Tesla: The company has now demonstrated that it can provide this kind of solution at a scale where it’s useful to utilities around the world, not just on sun-drenched islands in the Pacific.

Full story at http://tcrn.ch/2nj5PLK

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With Bitcoin, the Smart Money Is Staying Put

With Bitcoin, the Smart Money Is Staying Put

The Bitcoin community is abuzz with talk of an impending fork, with wildly divergent opinions as to whether or not this is bearish or bullish for the asset. One well-known pundit in the community was quoted as saying that the “smart money left a few days ago”.

Of course, it goes without saying that I don’t have a crystal ball and can’t say for a certainty that this is just plain wrong, but I believe that it is.

Full story at http://bit.ly/2njdycL

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Smug-Ass Look



Smug-Ass Look

Bitcoin Falls to Lowest Share of Cryptocurrency Market, Altcoins Surge

Bitcoin Falls to Lowest Share of Cryptocurrency Market, Altcoins Surge

Bitcoin’s scaling fight has led to a record low in its percentage of cryptocurrency’s total market cap as investors hedge with top altcoins.

As its user base expands, Bitcoin’s transactions have also grown, leading to blocks, capped at 1mb, to be filled to capacity. As a result, transactions have slowed and fees have spiked. An effort to solve Bitcoin’s scaling issues has led to a civil war of sorts between the Core development team and its supporters backing the Segregated Witness (SegWit) soft fork, and the Bitcoin Unlimited miner-directed block size hard fork and its supporters.

In contrast to previous hard fork attempts (XT, Classic), Unlimited has gained speed, occasionally passing SegWit in adoption by miners. Recently, Unlimited has secured a solid lead, due in part to a major mining pool, Antpool, switching to Unlimited.

Full story at http://bit.ly/2nj9f1c

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So many ways to get rich



So many ways to get rich

Thursday, March 23, 2017

Bitcoin is roaring back

Bitcoin is roaring back

Bitcoin is higher for a second straight day on Tuesday, trading up 3% at $1072 per coin as of 7:28 a.m. ET. The tw0-day win streak has tacked on about 13% and follows a Wall Street Journal report out over the weekend suggesting the cryptocurrency's developers are threatening to set up a "hard fork," or alternative marketplace for Bitcoin. That platform would be incompatible with the current platform, thus creating a split and two versions of the currency. That news sent bitcoin crashing 20% over the weekend to about $950 a coin, its weakest since January.

2017 has been a volatile year for the cryptocurrency.

It gained 20% in the first week of the year after soaring 120% in 2016 to become the top-performing currency for the second year in a row.

Bitcoin then crashed 35% on news that China was going to consider clamping down on trading.

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Bitcoin User Base Doubling Every 12 Months: Google Trends

Bitcoin User Base Doubling Every 12 Months: Google Trends

Bitcoin user numbers and investment are set to double every 12 months, commentator Willy Woo has forecast.

Citing data from Google, the increasingly controversial Woo calculates that Bitcoin doubles its users every 371 days.

Woo writes on his Woobull blog:

“What we have here is a steady exponential growth baseline with periodic peaks. These peaks are inline with price bubbles where more users start checking the price of their precious coins. Taking readings from the baseline results in an order of magnitude growth every 3.375 years. Or expressed in terms of time to double the user base it’s approximately 12 months.”

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Buterin Defends Hard Forks, Adding Heat to Bitcoin Scaling Debate

Buterin Defends Hard Forks, Adding Heat to Bitcoin Scaling Debate

Ethereum co-founder Vitalik Buterin has summarized the implications of soft and hard forks amid growing tensions surrounding Bitcoin’s future.

“...There is an essential difference between hard forks and soft forks: hard forks are opt-in, whereas soft forks allow users no “opting” at all,” he wrote earlier this week.

The Bitcoin price was under downward pressure Friday as the community awaits Chinese regulatory announcements and indecisiveness over SegWit and Bitcoin Unlimited continues.

After Unlimited succumbed to a bug earlier in the week, rhetoric between the opposing sides became even harsher.

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Columbus, Ohio: What's next for the DoT Smart City Challenge winner

Columbus, Ohio: What

Winning $40 million in the U.S. Department of Transportation's (DoT) Smart City Challenge has proven to be only the first of many steps for Columbus, Ohio to become the nation's first city to fully integrate self-driving cars, connected vehicles, and smart sensors into its transportation network.

"It's a four-year grant cycle, and in year one there's a lot of planning going into effect," said Jeffrey Ortega, assistant director of the Columbus Department of Public Service and spokesman for Smart Columbus, the city's smart city initiative.

Columbus won the DoT challenge in June, and deployment of smart transportation will begin at some point in late 2017 or early 2018, or even beyond, Ortega said.

Full story at http://tek.io/2nC33Q6

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Something is seriously wrong

 

 

 

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