Bitcooin BIP 75 Proposal Raises Debate: Security/Privacy vs Easy-To-Use Wallets
The BIP 75 proposal to improve bitcoin’s ease of use has drawn a lot of criticism among bitcoiners on account of the option for a receiver to identify himself to the sender, according to an article by Bitcoin Magazine’s Kyle Torpey disseminated by Nasdaq. Bitcoin Core contributor Peter Todd ignited the recent debate with a post to the bitcoin development mailing list recommending boycotting BIP 75 on account of anti-money laundering/know your customer (AML/KYC) concerns. Todd urged removing BIP 75 from the BIP repository and boycotting wallets that use it. “It’s bad strategy for bitcoin....
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Hardware wallets can protect your generational wealth. Leverage them to gain the highest level of security and privacy.
The block size debate has gotten to a point that some bitcoin observers think it could doom bitcoin. Bitcoin has defied all the bitcoin naysayers and prospered, recently setting record market capitalization. Will internal strife prove its ultimate undoing? A recent proposal designed to appease both sides in the bitcoin scalability debate may be doomed because of the way in which it became public. Laura Shin, a Forbes columnist, reported on the Extension Blocks proposal and its role the increasingly contentious conflict over changing the bitcoin block size. Proposal Didn’t Follow Protocol.....
Bitcoin makes moving money across the internet incredibly easy, but that ease comes with risks. There are plenty of ways someone can take your money, track your spending, or violate your privacy. Fortunately, there are also some straightforward measures you can take to safeguard your digital currency and keep your spending habits private. Here are our top five tips to protect your bitcoins: 1. Keep separate wallets. If the wallet you use for spending bitcoin also contains your entire bitcoin holdings, your savings will be vulnerable to various types of abuse. There is no limit to the....
For those that may not know Coinkite, it’s an independent business that focuses of bitcoin wallets, along with multi-signature wallets, touts bank-grade security along developer API and privacy. As CEO Rodolfo Novak would describe it, it’s a one-stop shop for everything you need. Coinkite just celebrated a year’s worth of hard work and dedication to the bitcoin infrastructure. To kick the next chapter off, they decided to offer a starter package to all users for free, knocking off the previous one percent withdrawal charges.