Weekend Roundup: Bitstamp Troubles, Lighthouse Project Beta, and More Paycoin Controversy
Alyssa Hertig reported Monday that the Bitstamp exchange warned users to halt any deposits because of a hot wallet issue. We later found out that hackers stole more than US$5 million from one of the exchange’s hot wallets. On Friday, Ian DeMartino reported that Bitstamp came back online. Charlie Richards reported Thursday that Mike Hearn’s long-awaited Lighthouse project is preparing its beta launch. Ian DeMartino has been all over the Paycoin story, as its many dimensions unfold. “Mike Hearn, one of the Bitcoin project's core developers, is preparing to launch the beta of the Lighthouse....
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Core Bitcoin developer Mike Hearn is preparing to go live with his 'Lighthouse' crowdfunding project, switching to main net for the first time ahead of an imminent public Beta. The lighthouse project has been eagerly awaited by many decentralization enthusiasts within the Bitcoin community. It is hope that it could one day replace the centralized role of the Bitcoin Foundation in funding and guiding the direction of the coin's core development with a public, transparent, and more decentralized alternative which seems to be more in keeping with the Bitcoin's character. Rather than being a....
Lighthouse, the bitcoin-powered crowdfunding application, has officially launched. The beta version of the app, which developer Mike Hearn described as a specialized wallet for decentralized crowdfunding, is now publicly available for download. The release follows months of development, which included an investment from noted bitcoin entrepreneur Olivier Janssens. The app is designed to function as a streamlined tool for using smart contracts to commit pledges to particular projects, which can range from bitcoin development initiatives to charity drives. Currently, the only project....
Lighthouse, a blockchain-based crowdfunding application, has gained traction since its launch on January 20th. Since it is built on top of the blockchain, Lighthouse is totally decentralized, eliminating the need for a centralized management system. Lighthouse allows anyone to crowdfund their project on the application, without any registration or fees, and all funds raised through the app are raised with bitcoins exclusively. The first project funded on Lightouse was Medic Mobile, a non-profit providing real-time information to medical workers in developing countries. The project raised....
It has been a tough couple weeks for GAW with a $350,000 lawsuit and now an announcement that it and its cryptocoin, Paycoin, has changed from its original iteration. According to a new whitepaper that is being circulated, Paycoin has entered a new stage where it leaves the hands of GAW and is now being held by a consortium of organizations. "The fate of Paycoin is now in the hands of every person and organization that hold coins. With this newfound freedom, we want to exercise our rights to make Paycoin the people's money and do what is necessary to help the coin thrive," the Paycoin....
Lighthouse, a decentralized crowdfunding platform, was first announced almost a year ago by Bitcoin core developer Mike Hearn. The project kept a low profile, but the Bitcoin community has been anxiously waiting for the project ever since it was announced. Finally, the project launched on January 20, almost an entire month into 2015. The Bitcoin wallet needed to use Lighthouse can be downloaded for Mac, Windows and Linux operating systems. Lighthouse is the world’s first decentralized crowdfunding platform built on the Bitcoin blockchain. Users will now be able to raise and donate to....