Issues » 61

Organ of Corti explains what bad luck is with regards to mining, and how to manage income variance.

Amusing coincidence, the same day Fred Wilson posts about decentralized media platform, a former Reddit engineer and Bitcoin aficionado announces that he is going to do it.

The author argues that Bitcoin could be adopted by a complete cycle of business to evade Greek capital controls and keep their business going.

The time for a decentralized media platform has come. Both the demand and the technology are here.

Transaction fees and block size both still increasing. Public ownership of the network is decreasing.

Some miners are not verifying blocks, therefore causing forks that expose SPV wallets to double-spending attacks.

No block mined by an unknown miner this week. AntPool and Bitfury gaining ground against Discus Fish.

Antpool luckiest over the last 6 months.

A company should only need a license if they have actual custody of their customer’s bitcoins, and this draft states this fact.

As a response to the unconfirmed transactions backlog, BitGo has implemented dynamic fees pricing in its wallet. The market is reacting quickly :)

BlockCypher has released an API endpoint that returns different price points for fees in order to time your transaction.

“Expending electricity on unproductive work is inherent to Bitcoin’s security. Multiple approaches to eliminating this have been proposed, none of which solve the problem satisfactorily, and are usually unusable, insecure, or completely fallacious. I’ll explain what Bitcoin at core is, why and how much waste there is in it, what approaches to removing that waste are, and how they fail.”