How Much BTC Would You Get If Every Single Person Got An Equal Share Of Bitcoin?
Bitcoin is still the most valuable cryptocurrency in the world. When the crypto first came out though, only a tiny number of people knew about it. This enabled these early adopters to accumulate a lot of BTC. Giving them an edge over investors that came in years later. Even today, over a decade later, the […]
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Chinese bitcoin exchange OKCoin released their full-screen trading interface today. According to the bitcoin exchange, the interface was designed for futures as well as the new addition of person. -to-person lending. The full-screen view is reminiscent of what someone is watching candles on BitcoinWisdom might be accustomed to, but allows for direct trades on OKCoin. To the non-trader, the charts, graphs and order books might look a bit overcrowded as the bitcoin exchange fits all market information into their interface for a single glance looks. But to the trader who's been in the game....
The bitcoin community endured a scare earlier this week when mining pool GHash. IO's hashing market share reached a whopping 42%, leaving many wondering if the potential was there for the pool to carry out a 51% attack on the bitcoin network. Scores of users took to bitcoin-related boards and pleaded for miners in the GHash. IO pool to join another pool, in order to bring GHash. IO's market share down. It worked. As of Friday, data provided by Blockchain.info indicates GHash. IO is now at 28% hashing market share in the past twenty-four hours. Undoubtedly an immense improvement, but many....
The humanitarian aspects of bitcoin overshadow the nominal value focused on by many westerners.
The idea of a benevolent dictator for Bitcoin has become a topic of conversation throughout the community lately due to Mike Hearn's role as the final authority for changes in Bitcoin XT. Although it should be made clear that Hearn is able to dictate only policy for that particular implementation of the Bitcoin protocol, some individuals are turned off by the idea of having a single point of failure in the development process. Blockstream co-founder and President Adam Back is one such person, and he shared some of his views on the subject during a recent interview with Epicenter Bitcoin.....
Bitcoin miners around the world are starting to leave the Ghash.io bitcoin pool following a significant increase in the pool's hash share. According to Blockchain.info, Ghash.io accounted for more than 42% of bitcoin mining power a day ago, but over the past 24 hours its share has dropped to 38%. The fact that a single pool has such a high share has prompted some bitcoin miners to voice their concerns on social media and the mining community is starting to take notice. If a single entity ends up controlling more than 50% of the network's computing power, it could - theoretically - wreak....