This looks very interesting!
Bitcoin has hard forked – 8MB blocksize introduced
Bitcoin has split into two in an event known as a “hard fork”. There are now 2 separate bitcoin blockchains, and an additional crypto called bitcoin cash (BCH)
On July 20, 2017, the bitcoin miners voted, 97% in favour, on the Bitcoin Improvement Proposal (BIP) 91. The proposal, by Bitmain Warranty engineer James Hilliard, was to activate Segregated Witness (SegWit).
Some members of the bitcoin community felt that adopting BIP 91 without increasing the block-size limit would simply delay confronting the issue and that it favoured people who wanted to treat bitcoin as a digital investment rather than as a transactional currency.They announced implementation of Bitcoin Cash as a hard fork for August 1. It inherited the transaction history of the bitcoin currency on that date, but all later transactions were separate. Block 478558 was the last common block and thus the first Bitcoin Cash block is 478559.
From now, you buy or mine one or the other. The market will determine the success and value, but it seems bitcoin cash will be easier to mine, and thus be worth rather less. Initial wallet support for BCH is limited at best! Don’t download the first wallet you find and import your precious bitcoin private keys, you might be exposing your BTC to villains. HODL! (for now).
If you owned 1 BTC on July 31st, you now own 1 BTC and 1 BCH. If you don’t, your broker/exchange is pulling a fast one, ’cause they do!
Bitcoin hits $2,000 trading high point
The value of Bitcoin has hit a new high with each individual coin now worth more than $2,100 (£1,615).
http://www.bbc.co.uk/news/technology-39997585
Bitcoin value tops gold for first time
A unit of the digital cryptocurrency Bitcoin has exceeded the value of an ounce of gold for the first time.
It closed at $1,268 on Thursday while a troy ounce of gold stood at $1,233.
http://www.bbc.co.uk/news/business-39149475
Bitcoin digital currency hits three-year high of $1,000
Digital currency Bitcoin has seen its value top $1,000 (£815) for the first time in three years after it ended as the best-performing currency of 2016.
http://www.bbc.co.uk/news/business-38495804
“R.I.P., Bitcoin. It’s time to move on.”
19 Jan 2016. Bitcoin price: $382.
Washington Post: https://www.washingtonpost.com/news/
27 Dec 2016. Bitcoin price: $933.
BBC: http://www.bbc.com/news/
“What a difference a year makes”
£1984: does a cashless economy make for a surveillance state?
Interesting article on the potentially intrusive nature of a cashless society. Multiple that by what Google and Apple already know about us, and then add their cashless Apps in!
Intriguing footnote. If you’d bought 1 bitcoin, the only real alternative electronic cash not run by the banks, on the day of this article it would have cost you $234 US. Today, some 34 days later its market value is $361 US. Nice little 54% rise in a month. 🙂
McCensored: McDonalds Censoring Bitcoin, EFF, Greenpeace, Financial Times & Others
McCensored? A bizarre list of websites to block – Bitcoin, Financial Times, Greenpeace… Spot the connection, ’cause I can’t…..