Early bitcoin core developer Peter Todd is fighting for his reputation. Todd, a Canadian who started contributing to bitcoin's code in 2012, revealed on Twitter that he has filed a lawsuit against someone in the community who allegedly accused him of rape and sexual assault, also on Twitter. Todd vehemently denies the accusations. According to the defamation complaint, which was filed in a...
According to TeleSUR TV, a mainstream media outlet in Venezuela, the country’s “cryptocurrency” called the Petro can only be traded to other crypto assets if bought before the end of 2018. Former Wall Street bond trader and digital asset analyst Jill Carlson translated the speech of Venezuelan President Nicolas Maduro, which read: "Anyone who buys the Petro until Dec 31 will be able to convert it...
The bitcoin scaling debate heated up over the weekend, following a controversial blog post from payment processor BitPay. In the post, the company urged users to update their nodes before Segwit activation to avoid security risks. What incited controversy is that they directed people to download btc1 nodes, which are designed for Segwit2x implementation. BitPay is a New York Agreement signatory...
One of the first millionaires to come out of the Bitcoin industry, current owner of Bitcoin.com, and Bitcoin Unlimited proponent Roger Ver told Chris DeRose of the Bitcoin Uncensored podcast the other day that while he is “optimistic” about Lightning Network, the scaling solution being developed by Blockstream, he doesn’t believe that the main network should in the meantime be “hindered” in favor...
Segregated Witness (Segwit), proposed as a solution to bitcoin's block size debate, is 99% a full proposal, a development that hasn’t occurred without some controversy.
As the bitcoin community seeks consensus on how to address bitcoin transaction time, a meeting this month in Silicon Valley could indicate how likely the chances are for consensus, according to Bloomberg. The proceedings will likely reflect the impact of China’s miners, who are estimated to control 70 percent of all bitcoin mining. Consensus on what to do to improve transaction time is considered...
The BIP 75 proposal to improve bitcoin’s ease of use has drawn a lot of criticism among bitcoiners on account of the option for a receiver to identify himself to the sender, according to an article by Bitcoin Magazine’s Kyle Torpey disseminated by Nasdaq. Bitcoin Core contributor Peter Todd ignited the recent debate with a post to the bitcoin development mailing list recommending boycotting BIP...
Peter Todd, backed by Matt Corallo, has proposed hard-fork changes to the bitcoin network to make “useless” patent pending algorithmic improvements which give mining an Asicboost of 20%, leading to increased profits of some $30 million if used by one of the biggest mining pools. In a striking post to the bitcoin mailing list, Todd states: “As part of the hard-fork proposed in the HK agreement...