Blockchain Bites: Filecoin Strike, Bitcoin Fees Fall, Coinbase Censorship

Blockchain Bites: Filecoin Strike, Bitcoin Fees Fall, Coinbase Censorship

Five Filecoin miners have gone on strike. Bitcoin miners are seeing depressed earnings. And Binance is closing its Jersey branch.


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Filecoin Miners Start a Strike – FIL Validators Claim the Project’s Economic ...

The Filecoin project has surely seen a lot of hype but during the last few weeks before the launch, the cooperative digital storage crypto project has been criticized a great deal. This weekend a few Filecoin miners have been on strike and claim the economic model is not working out for them. Just recently the Filecoin (FIL) token offering has been a topical conversation, as the project joins the cryptocurrency economy. Moreover, controversy recently surrounded the project when the crypto community questioned the movement of 800,000 FIL tokens. Now another story is arising that shows a few....

Filecoin creator denies strike allegations

“Miners are following the protocol, and making a ton of money doing so,” said Juan Benet on Twitter. Juan Benet, the creator of Blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since Saturday “nonsense.”According to a report by 8btc.com, five of the largest Filecoin miners turned off their machines to protest the project’s “unfair” economic model, which currently requires a significant amount of FIL tokens to begin mining. Crypto Twitter user Nico Deva was one of the first to claim that “a majority of miners” were on....

Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Re...

Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.

Blockchain Bites: Filecoin’s Mainnet, M&A’s Upswing, Tarbert’s Environmental ...

Crypto M&A deals are on pace to surpass last year, CFTC Chairman Tarbert is "impressed" with Ethereum and Filecoin flies.

Coinbase CEO Objects Reddit Bitcoin Censorship, Decides to Censor Moderators

Brian Armstrong, the CEO of Coinbase, recently hosted a firechat with Reddit CEO Steve Huffman, to discuss the seriousness of the censorship in /r/Bitcoin, a subreddit moderated and curated by Bitcointalk administrator Theymos. The long-lasting feud between Armstrong and Theymos began on June 6, 2015, when Theymos threatened to ban Coinbase and any Coinbase related content from /r/Bitcoin, for promoting a project called Bitcoin XT, a hard fork designed to increase the Bitcoin block size. Theymos says: “If Coinbase promotes XT to customers on coinbase.com and/or switches all of its full....