Manhattan Community Board Blocks Bitcoin Block Party
The Manhattan Community Board No. 2 (which covers the Greenwich Village, SoHo, NoHo, Chinatown and Little Italy area) unanimously refused permits for the Bitcoin Block Party, otherwise known as the "Decentralized Hip Hop Skateboard Block Party." The block party, being planned for this Spring, is a coming together of the GMT Tavern, a bar and restaurant in the Village, and Cut Rush Creative Labs, a production company based in Brooklyn that supports the development of cryptocurrencies. It will be free and open to the public with many vendors, merchants and cryptocurrency developers to walk....
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When it comes to bitcoin and digital currency, New York hasn't always held the greatest appeal. Controversy has been wandering about ever since the introduction of the BitLicense, and now it appears that the island of Manhattan is striking another negative chord. A Manhattan-based Community board has ruled that a bitcoin decentralization party will be refused permits. The party is a joint venture between the restaurant GMT Tavern and a film production company known as Cut Rush Creative Labs, and both groups were aiming to support bitcoin and its usage. Cut Rush Creative's Van Nguyen....
The City of New York is following the same path as the state in trying to use regulation to push Bitcoin into obscurity. A Manhattan Community Board ruled that a Bitcoin decentralization block party would be refused permits. The block party was a co-venture between GMT Tavern, a bar and restaurant located in Greenwich Village in Manhattan, and Cut Rush Creative Labs, a Brooklyn-based film production company that specializes in promoting virtual currencies and decentralized solutions through visual media. When the State of New York proposed the BitLicense, Ben Lawsky promised that it would....
Empty blocks have turned into a controversial topic in the Bitcoin community over the past few months. This renewed attention on the topic has been sparked by the number of nearly-empty blocks mined by Antpool recently. An empty block is one that only contains a coinbase transaction. This may seem counterproductive, but there are incentives in place that make mining empty blocks a practical endeavor from the perspective of a miner. Why Do Miners Mine Empty Blocks? According to Bitcoin Core contributor Matt Corallo, there are three main reasons as to why empty blocks have been mined in the....
There seems to be no end in sight for the block size debate as the Bitcoin community continues to go around in circles trying to drive the same set of points home... The Bitcoin block size debate rages on. It has been almost a year since we started hearing the Bitcoin community fiercely contesting about whether to increase the bitcoin block size from the existing 1 MB or not. Both the sides have so far come up with some valid arguments, of which few are very convincing towards both the causes. Recently the “Jesus of Bitcoin”, Roger Ver wrote an article about why the Bitcoin block size....
Blocks on the Bitcoin blockchain have a maximum size of 1 MB. Proof of work difficulty is calibrated so 1 block is created every 10 minutes. It is generally accepted a miner would want to maximise the number of transactions it includes in a block as it collects the transaction fees. Logically, with the growing popularity of Bitcoin, the average block size is getting closer to its limit. In this environment, it is surprising to see a number of empty blocks being mined. An empty block is not entirely empty, it has 1 transaction : the coinbase transaction which allocates the mining reward to....