Is Bitcoin outgrowing its core user base?
Charles Sizemore, owner and manager of client accounts at Sizemore Capital Management, writes on Forbes.com that the Senate’s accepting of Bitcoin’s legitimacy undercuts half of the currency’s appeal in the eyes of some in the community. This is in reference to a Senate Hearing committee on November 18 in which the Justice Department and the SEC acknowledged that Bitcoin is in fact a legitimate form of currency. Among the hardcore libertarians who first adopted Bitcoin, this sounds like the first steps of a currency’s co-option, Sizemore suggests. But he insists on not getting too far....
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The Blocknet, which touts itself as an advancement in cryptographic technology, has begun offering peer-to-peer (p2p), cross-chain communication, marking the first stage of a new era in p2p protocol between nodes on different blockchains. The Blocknet describes itself as the "internet of blockchains," enabling open-ended communication and delivery of services between users of different cryptocurrencies, and vastly increasing the user base (and profit potential) of any given coin. In addition to announcing the availability of its first stage services, Blocknet invites any interested party....
Bitcoin Core version 0.9.1 has been released to update the core OpenSSL library to the bugfixed version 1.0.1g. The Bitcoin Core security update to version 0.9.1 comes less than 24 hours after an announcement of the discovery of the Heartbleed Bug. Specifically, the OpenSSL Heartbleed Bug could reveal partial memory contents related to an encrypted SSL/TLS session to an attacker. In the case of Bitcoin, this means that private keys may be revealed. Specific Vulnerabilities. Any Bitcoin Core GUI that uses a vulnerable version of the OpenSSL library could be vulnerable to the following....
Ever since Olivier Janssens exposed negative information regarding the Bitcoin Foundation’ financial situation, one pressing question has risen remains: who will fund the Bitcoin core developers if the Foundation collapses? It looks like the answer to that question may come from Mobbr, a crowdfunding startup that has launched a project dedicated to paying every Core developer. Mobbr: A Crowdpayment Site. Similar to other crowdfunding platforms, Mobbr relies on the participation of its user base in order to successfully fund projects. But rather than helping established projects get off the....
When it comes to user experience, the longest-running bitcoin wallet is hardly an iPhone 7. To use Bitcoin Core, users need to download a copy of the entire transaction history of the digital currency, a process that can take days and this is only becoming more burdensome as bitcoin's transaction history increases. This means that unlike other, flashier, VC-funded consumer wallets (think Coinbase or Circle) or open-source efforts like Mycelium, Bitcoin Core doesn’t fit on a smartphone, but it's still used for essentially the same functions – sending and receiving bitcoins. So, if bitcoin....