Bank of America Eyes Adoption as Next Hurdle For Ethereum Test

Bank of America Eyes Adoption as Next Hurdle For Ethereum Test

Bank of America is creating an ethereum app with help from Microsoft, but the partnership is about more than just tech, it’s also about adoption.nSource

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The Crypto Show with Tatiana Moroz, Tiana Laurence & Dances With Bitcoin

Tatiana Moroz joins the show to talk about the sensationalized hit piece “American Kingpin” an intentionally deceptive take on Silk Road creator Ross Ulbricht. Then Tiana Laurence of Factom and author of “Bitcoin for Dummies” discusses her new book and her work in the Blockchain space. Brian Deery Chief Scientist of Factom also joins in on the discussion.

Sponsored by: Dash, CryptoCompare Bitmain and Defense Distributed

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Episode #92 Healthcare Informatics, Blockchain & Cryptocurrency!

Welcome to Bitcoins and Gravy Episode #92. On today’s show I am privileged to be speaking with Stuart Lackey a graduate student completing his Master?’?s Degree in Healthcare Informatics at Lipscomb University right here in Nashville, Tennessee. Stuart and I have a great conversation about his program and how he envisions the future of healthcare as we move into the age of blockchain tech.In the second half of the show we talk about cryptocurrencies and the changes we see coming in not too distant future.

Stuart Lackey
Currently completing – Master’s degree in Health Care Informatics at Lipscomb (MHCI)

Program Description:

Curriculum is designed to enhance the understanding of the relationship between people, health, information technology and the broader health care system. As an emerging discipline, which evaluates the acquisition, storage, retrieval and use of health data, informatics plays a vital role in enhancing the quality of care, reducing health care costs and addressing current health issues.

CREDITS & VALUABLE LINKS:

Cambridge University Study:
https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-04-20-global-cryptocurrency-benchmarking-study.pdf

IBM Study, Keeping Patients at the Center:
https://www-01.ibm.com/common/ssi/cgi-bin/ssialias?htmlfid=GBE03790USEN

ONC Winners- Uses for Blockchain in Health IT and Health-related Research Challenge:
https://wayback.archive-it.org/3926/20170128063822/https://www.hhs.gov/about/news/2016/08/29/onc-announces-blockchain-challenge-winners.html

Lipscomb Website:
https://www.lipscomb.edu/cphs/graduate-programs/mhci

twitter: @StuartLackey1

https://www.MoonshineBootWax.com

TRANSCRIPTIONS:

Great news listeners! Our transcription page is now live on the website thanks to the continuing hard work of one of our loyal listeners who is also a consultant to the show.These Professional transcriptions are provided each week by one of our fans who can be found at:http://diaryofafreelancetranscriptionist.com

Ode To Satoshi

Ode to Satoshi lyrics & melody by John Barrett
Copyright 2014 RJM Publishing – BMI Nashville.

Lead Vocal, Harmony Vocals, Harmonica, Snare Drum: John Barrett
Harmony vocals: John Barrett, Connie Sinclair and Lij Shaw
Guitar: Jonathan Brown
Mandolin: Ben Miller
Bass Guitar: Michael Rinne

Initial tracks recorded by Mark Thornton of Sidekick Sound Studios, Madison, TN. All other tracks Recorded, Mixed and Mastered at The Toy Box Studio, Nashville, Tennessee
Engineer: Lij Shaw. Assistant to engineer: Don “The Don” Bates
Produced by John Barrett & Elijah “Lij” Shaw

Special thanks to Alan Baird for his dobro, guitar and mandolin playing on many of the shows. Now that?’?s some pickin man! Thanks also to Alex Munoz Guijarro for his excellent pedal steel playing on many of our shows.

Interviews for this episode were recorded and edited by John Barrett at The Tree House Studio – Nashville, Tennessee. All shows are produced by John Barrett with the moral support of his trusty sidekick Maxwell Rascalnikov CoyoTe Rex, aka Max.

Questions or Comments?

Email me to say Howdy!: howdy@bitcoinsandgravy.com

Visit the Website: https://BitcoinsAndGravy.com

Bitcoins and Gravy Tipping Addresses:

Bitcoin: 14RbXduu2sXKNHtKtRVAx8xQyGAubjY1dA
Litecoin: LgqYgxLTBPgr8C1JGLLJVLK4ZN1fveprAp

And if you don’t feel like contacting me, just kick back, relax and enjoy the show.I hope you enjoy listening to my guests as much as I enjoy talking with them!

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Coinbase Adds Litecoin as the Currency Experiences Price Pumps

coinbase

On the heels of impending Litecoin Segregated Witness activation, Coinbase has added Litecoin functionality. Their users can now buy, sell, and hold Litecoin. This comes as a boon to anyone wanting to expand their cryptocurrency collection on Coinbase. 

Read more: Bitpay Partners With Bitmain in a ‘Multi-Million Dollar Agreement’

A Coinbase blog said, “We are pleased to announce that Coinbase is adding support for Litecoin. Customers can now easily buy, sell, send, and store Litecoin via the Coinbase website or mobile apps.”

Coinbase adds support for Litecoinhttps://t.co/pFmLyuoWyx

— Coinbase (@coinbase) May 3, 2017

Coinbase is a Digital Currency Company

In January, Coinbase CEO Brian Armstrong announced that they were planning on heading this direction. He said they are not just a bitcoin company. They are a digital currency company. In this vein, they will not only cater to bitcoin enthusiasts and investors—they will broaden their scope to include a plethora of cryptocurrencies. He said,

“As we kick off 2017, I think it’s important for Coinbase and GDAX to continue supporting more cryptocurrencies. We are no longer just a Bitcoin company. We are a digital currency company.”

Armstrong went on to say that he is worried about Bitcoin’s ability to scale and keep Coinbase Adds Litecoin as the Currency Experiences Price Pumpstransaction fees low. He mentioned he is not betraying bitcoin or losing faith in it as a form of “digital gold.”

He said, “To be clear, I love Bitcoin and it is not going anywhere. It appears to be the reserve currency of the digital currency space — a sort of digital gold if you will.”

Additionally, Litecoin’s founder Charlie Lee has been working with Coinbase as Director of Engineering for some time. According to a TechCrunch article, Lee mentioned there has always been discussions about adding Litecoin functionality to Coinbase. These plans just did not materialize until recently as a result of Litecoin’s slow start. Things have dramatically intensified for the Litecoin ecosystem over the last several weeks, though.

Litecoin, Segwit, and Price Pumps

The Litecoin community recently formed a round table consensus for activation of the Segwit protocol. Most agreed that turning on Segwit is the correct course of action for maintenance and short-term scalability of Litecoin. Most also did, however, agree to implement another soft fork or hard fork when Litecoin requires further scalingCoinbase Adds Litecoin as the Currency Experiences Price Pumps.

Shortly after the consensus, Bitcoin.com reported that the Litecoin network surpassed the required number of signaling blocks to activate Segwit. According to the report, after another activation period, Segwit will begin functioning.

Between the news of Segwit activation and Coinbase’s implementation of a Litecoin wallet, the price of Litecoin has seen a significant price pump. The current price on coinmarketcap.com sits at $20.60, with a 24 hour increase of 31.15%.

Do you believe Litecoin has a bright future? Will the price continue to rise? Let us know in the comments below.  


Images via Shutterstock and coinbase.com


The bitcoin rabbit hole is deep. Explore the first tunnels over at bitcoin.com’s Price Index and Statistics data pages. It’s all the data you need to sound like you know what you’re talking about – learn all about hashrate, block sizes, transaction fees paid, mining difficulty and transactions per day. Instant expertise, right here.

The post Coinbase Adds Litecoin as the Currency Experiences Price Pumps appeared first on Bitcoin News.

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Extension Block Proposal Receives More Industry Support

Extension Block

There’s been a lot of discussions in the cryptocurrency space about alternative implementations of the Bitcoin client. Just recently Bitcoin.com reported that Bitpay announced it was gearing up to test the alternative client Bcoin’s Extension Blocks by partnering with the bitcoin-based startup Purse. Now three more digital currency companies are supporting Bcoin’s “To the Moon” proposal.

Also read: Fifty Developers Hack With Bitcoin for Two Days in San Francisco

More Companies Join the ‘To the Moon’ Proposal

Extension Block Proposal Receives More Industry SupportThree more bitcoin-focused firms are supporting the idea of Bcoin’s Extension Block (E-block) proposal for testing and research. This includes startups such as Openbazaar’s OB1, the bitcoin-centric social media network Yours, and the wallet service Ripio. Bitpay, Bitcore, and Purse also support the proposal but have been involved since E-blocks were introduced a few weeks ago. The E-blocks code is open source and establishes the idea that the 1MB block size cap can be solved by utilizing an “auxiliary block” soft fork. Since the concept was unveiled the E-block protocol was deemed controversial to some supporters of Segwit and the current reference implementation Core.  

Extension Block Proposal Receives More Industry Support
“To the Moon” proposal supporters.

 Alternative Clients Viewed as Controversial

Extension Block Proposal Receives More Industry Support
Well-known Bitcoin developer Peter Todd disagrees with multiple implementations.

Multi-implementations of the Bitcoin protocol has been a contentious issue for many proponents, while some agree that multiple clients are a good idea, other community members actively oppose them. The first implementation of the Bitcoin protocol was written by Satoshi Nakamoto in the programming language C++. Since then there have been multiple clients created in different programming languages such as Libbitcoin, and just recently the Parity client written in Rust. Bcoin is an alternative Javascript Bitcoin library created by the Purse developer Christopher Jeffrey.

Many developers disagree with multi-implementations of Bitcoin and have stated their reasons over the years. Even Bitcoin’s creator stated back in 2010 that he didn’t believe in alternative Bitcoin clients.      

“I don’t believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network,” explains Satoshi Nakamoto on the Bitcointalk forum.

Other bitcoin developers such as Peter Todd have publicly disclosed that they disagree with multi-implementations. Just recently Todd told his Twitter followers that the Rust client Parity Bitcoin is a reminder that “multiple implementations make consensus protocols less reliable, not more.” Todd also refers to a post he wrote in 2016 about the subject and the developer has also stated years prior that he doesn’t agree with alternative clients.

Another View of Multi-Implementations

Extension Block Proposal Receives More Industry Support
The head of design at Bitpay, Jason Dreyzehner.

There are plenty of developers that think alternative Bitcoin clients are good for decentralization and believe protocol issues can arise with just one reference implementation. Many multi-implementation supporters believe the Bitcoin software should follow the path of the Linux kernel evolution where there are various types of clients. Just recently the head of design at Bitpay, Jason Dreyzehner wrote a detailed blog post showing the positives of multi-implementations.

In an editorial called “Defensive Consensus: Getting to a Multi-Implementation Bitcoin Network” Dreyzehner explains that multiple clients could be helpful to people. Essentially, the post describes how only one reference client can suffer from issues like bugs that can appear in the future, and attacks from malicious actors. Furthermore, he states that bitcoin’s “software monoculture” can lead to “politicizing software development, it adds software integration overhead, and raises the stakes of making changes.” Dreyzehner says that ‘Defensive Consensus’ could shield the network from these problems or faults found in the original C++ client.  

“Defensive Consensus allows alternative implementations to shield the network from implementation faults in the C++ implementation,” explains Bitpay’s Dreyzehner.

This could allow us to safely re-enable Bitcoin Script’s disabled opcodes and loosen standard transactions. — Finally, Defensive Consensus provides a roadmap for new implementations to be elevated to the same reliability guarantees as Bitcoin Core.

The Extension Block Concept: ‘A Transparent Community Process’

Bitpay, Yours, OB1, Purse, and Ripio are showing they agree with the multi-implementations and the possibility of E-blocks being a scaling solution. It seems they want other businesses to get involved in supporting the E-block concept as well. Purse CEO Andrew Lee explains when he first announced the E-blocks proposal, “the proposal is a transparent community process with Bitcoin ecosystem stakeholder participation, including users, miners, and the economic industry,”  

Just as Dreyzehner concludes in his blog post, “If these ideas interest you, take a look at the Bcoin and Bitcore projects.” Dreyzehner has also followed up with a second research paper on the subject called “Defensive Consensus: a Concrete Example” which aims clarify his viewpoint of bitcoin multi-implementation and the possibility of blockchain forks. 

The past few months have shown quite a few bitcoin proponents and crypto-focused businesses seem to be opening up to newly proposed alternative client ideas.

What do you think about the extension block scaling proposal? Do you agree with alternative Bitcoin implementations? Let us know what you think in the comments below.


Images via Shutterstock, Twitter, Bitpay, and the “To the Moon” website. 


At News.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Extension Block Proposal Receives More Industry Support appeared first on Bitcoin News.

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The Bitcoin Store: Tending to the Needs of the Emerging Crypto-Culture

Bitcoin Store

When we added the Bitcoin Store to our web portal, we wanted to give the community a fun shop where bitcoiners can purchase merchandise that relates to the everyday craziness of the cryptocurrency world. That’s what you get when visiting our crypto-centric shop, and we’re thrilled to offer a place where you can buy awesome gear that represents the bitcoin culture phenomenon.

Also read: How We Are Turning Bitcoin.com into the Ultimate Destination for Bitcoin Fans

One Man’s Bitcoin Passion Turns Into a Crypto Shopping Universe

The Bitcoin Store was created in 2015 by Stephen Macaskill after the New Zealand native sold Amagi Metals, the first online precious metals retailer to accept bitcoin. Macaskill is also a member of the Blockchain Association of New Zealand and has grown passionate about the innovative technology we all love — bitcoin.

The Bitcoin Store: Tending to the Needs of the Emerging Crypto-Culture

Macaskill’s crypto-centric shop is an excellent example of his passion and drive to accelerate the bitcoin ecosystem. The Bitcoin Store is a fantastic place where you can purchase really cool merchandise like t-shirts, hardware devices, artwork, watches, card games, and so much more. Furthermore, you can buy all of these goods with a variety of cryptocurrencies like Dash, Ethereum and others using the Shapeshift ‘Shifty’ button.

The Bitcoin Store: Tending to the Needs of the Emerging Crypto-Culture

The Most Popular Items Sold at the Bitcoin Store

The Bitcoin Store: Tending to the Needs of the Emerging Crypto-CultureHere’s a list of the most popular items you can purchase at the Bitcoin Store:

The Rise of Cryptocurrency Value Has Increased Spending

The Bitcoin Store is having a fantastic first quarter in 2017 as the shop’s sales are 300 percent higher than 2016. Macaskill says the price spikes for bitcoin and numerous altcoins has increased spending quite a bit and people have been purchasing high ticket items like art. One featured artist that’s been selling at the Bitcoin Store is the Montreal painter Guy Hamelin. Another popular artist we showcase at our store is Satoshi Gallery’s artwork which fuses pop-culture with cryptocurrency ideals.

The Bitcoin Store: Tending to the Needs of the Emerging Crypto-Culture
The beautiful artwork of Guy Hamelin can be found at the Bitcoin Store.

Besides the vibrant art section, there’s a whole slew of areas at the Bitcoin Store that fulfills everyone’s needs. This includes men’s, women’s and children’s apparel, coffee mugs, soap, stickers, phone cases and more. The best part is, all of our items have a bitcoin or cryptocurrency related theme.

Check Out Our Cool Bitcoin Shop Today

We want our readers to check out the Bitcoin Store as we believe it offers both cryptocurrency veterans and novices the coolest swag you can find online. Moreover, we ship internationally and quickly as well by offering low shipping costs for all of our store products. Our store items are perfect for friends and family members who love bitcoin, birthday presents, holidays and basically any special occasion.

So drop on by our shop and browse the Bitcoin Store items today. We think you’ll appreciate the crypto-focused gear our unique store has to offer.

Have you visited our shop? What do you think about it? We’d love to hear your feedback. Let us know about your experience in the comments below.


Images via Bitcoin.com, Guy Hamelin, and the Bitcoin Store. 


At News.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post The Bitcoin Store: Tending to the Needs of the Emerging Crypto-Culture appeared first on Bitcoin News.

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BitCAD Announces a Crowdsale Campaign

BitCAD Announces a Crowdsale Campaign

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

MAY 3, 2017 –– BitCAD, a cryptographic smart platform, has announced a crowdfunding campaign to back the development and production of a wide variety of hardware and software solutions based on blockchain technology. The products seek to revolutionize the very core of business relationships and make them easier while enhancing security and reliability of the entire paradigm. Crowdsale will start on May 4, 2017 at 12:00 GMT.

The platform’s software solutions include a comprehensive system focused on managing financial processes like accounting, CRM, asset management, or online banking in a decentralized manner. The BitCAD system enables constructing smart contracts for every occasion and introduces a formal legal language to make operations smooth and seamless. Thanks to blockchain technology, once terms and conditions are agreed upon, they cannot be changed.

Another solution offers an electronic arbitration system covering both platform members and third parties seeking dispute settlement. Parties may agree any jurisdiction and assign judges from legal systems they deem applicable while ensuring the contract in question meets the legal requirements of said jurisdiction. This tackles the problem of contract applicability across various countries which causes businesses and individuals to spend a fortune seeking a legal advice.

Finally, the company develops a decentralized system for biometric identification of users that works as fast as its classic counterparts with no involved risks of compromising sensitive data due to vulnerabilities inherent in centralized solutions.
The crowdsale shall last for one month, from May 4th to June 4th of 2017. Out of 100,000,000 tokens supplied overall, 51 per cent will be subject to sale over the course of the campaign, with the remaining funds distributed between the project’s team and early backers (20 per cent), business specialists and academic researchers (27 per cent), while the remaining 2 per cent will be reserved for post-crowdsale bounties.

BitCAD founder and CEO Vladislav Mitrofanov stated:

“Our systems are set to be as accurate and precise as possible. We seek to remove all vulnerabilities and inconveniences of outdated centralized financial and legal solutions. What we offer is a completely new paradigm where people can feel at home in a decentralized environment, and the internet of things works like clockwork.”

Further details as to the fundraising campaign are available at the project’s official blog.

Press Contact Email Address
media@bitcad.me

Supporting Link
http://bitcad.me

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. Bitcoin.com 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 BitCAD Announces a Crowdsale Campaign appeared first on Bitcoin News.

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Coinbase adds support for Litecoin

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A beginners guide to Litecoin

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Mexico’s Government Officials Discuss Plans to Regulate Bitcoin

Mexico’s Government Officials Discuss Plans to Regulate Bitcoin

Bitcoin.com reported on Mexico’s fintech initiative last month, which includes Bitcoin regulations. Two government officials have recently revealed some details of how the digital currency will be regulated, according to local publications.

Also read: Mexico’s New Bill Could Be a Game Changer for Bitcoin

Mexico’s Plans to Regulate Bitcoin

Jose Bernardo Gonzalez, Head of the Mexican Finance Ministry’s Banking, Securities and Savings Unit, said that Bitcoin exists in a free market and cannot be controlled, El Universal reports. In statements made to the publication, he explained how the laws would allow the central bank to regulate bitcoin buyers and sellers, stating that (loosely translated):

What we are trying to regulate are the sellers and buyers of this type of assets [bitcoin] to third parties, but not the virtual asset itself.

He further clarified that the regulators would ensure there are “certain rules to prevent money laundering, user protection and so on.” Specifically, they “would check that these assets are sufficiently liquid and would define the operating characteristics with which financial intermediaries or fintech companies can offer these assets to the public,” he described.

Feedback from the Finance Community

The initiative proposed by the government to modernize Mexico’s fintech sector includes a section about Bitcoin. It was recently presented to the financial sector and was well received, according to Gonzalez. Mexico’s Government Officials Discuss Plans to Regulate BitcoinTraditional banks and brokerage firms in Mexico provided feedback and suggestions. Many are positive and look forward to Bitcoin being regulated, he told El Universal.

“They are seeing that there is complementarity between traditional institutions and the fintech sector,” he recalled.

In a recent Senate appearance, the Governor of the Bank of Mexico, Agustin Carstens, talked about this fintech initiative as well. “The goal is how to take advantage of technological innovation that can reduce costs and increase the reach of the financial system, but everything must be in an environment of prudence and security towards users,” he said. The governor also disclosed that he is confident the initiative will be approved this year.

Central Bank Experimenting with Bitcoin

Carstens also recently revealed that the central bank has been running “very low scale” tests with Bitcoin to learn how it works, Forbes reports. He explained that prior to regulating Bitcoin, the bank needs to familiarize itself with the digital currency and its technology. In addition, the publication wrote:

The objective of the operations is also to outline an eventual regulation of virtual currencies, for which Banxico will take its time and find the best international practices.

Mexico’s Government Officials Discuss Plans to Regulate Bitcoin
Agustin Carstens

The governor has some concerns, however. “The worrying thing is that periodically there are technological, hacking and theft problems, and that makes us very nervous. Yes, we have to be fully assured of technological integrity, well armored, and not expose the public,” he conveyed.

Moreover, he detailed how the central bank will make sure that financial authorities are properly set up to observe and ensure that “the technological support is solid and robust, in order to avoid risks for users.” Nonetheless, more testing is needed first, he told Forbes.

What do you think of Mexico’s plans to regulate Bitcoin? Let us know in the comments section below.


Images courtesy of Shutterstock, Wikipedia, and the Central Bank of Mexico


Need to calculate your bitcoin holdings? Check our tools section.

The post Mexico’s Government Officials Discuss Plans to Regulate Bitcoin appeared first on Bitcoin News.

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