F2Pool Encodes Money-Printing Headline Into First Post-Coinbase Listing Block
In an echo of the Bitcoin Genesis Block, F2Pool encoded a money-printing headline into the first block it mined after Coinbase went public.Bitcoin mining pool F2Pool memorialized Coinbase’s first day of public trading with a nod to Bitcoin’s Genesis Block, encoding the text “NYTimes 10/Mar/21 House Gives Final Approval to Biden's $1.9T Pandemic Relief Bill” into the first Bitcoin block it mined yesterday.The message was taken from a New York Times headline reporting a recent stimulus package that would necessitate rampant money printing. It echoes the message that Bitcoin’s pseudonymous....
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The Bitcoin block size debate has taken another interesting plot twist in the past few hours. F2Pool, one of the largest Chinese Bitcoin mining pools in the world, has announced they support the hard fork for an increased 2MB block size. While the post on BitcoinTalk is a weird translation from Chinese to English, it looks like F2Pool might be attempting to push people to accept the Bitcoin hard fork. Not a great move in the Bitcoin mining industry if this were to be the case. F2Pool Statement is Quite Worrying To Say The Last. Certain aspects of a statement can tend to get lost in....
A timely tribute to the king of cryptocurrency features alongside a coronavirus headline, which says it all about the fiat economy in the 12 years since 2009. Bitcoin (BTC) received a fitting yet accidental birthday present on Jan. 4 as the Financial Times made it front-page news on the 12 anniversary of its genesis block.Released on Monday, the FT's upcoming headline had already made the rounds on crypto social media prior to publication. 12 years later: No bailouts, just BitcoinThe left-hand column of the front page was dedicated to Bitcoin's price surge, while the accompanying price....
We all know that money printer go brrr. But how does the fiat money supply really get increased and what does this mean for our economy? The post How Money Printing Really Works appeared first on Bitcoin Magazine.
Crypto exchange Coinbase released its Q1 2021 figures last week, earning the company many plaudits. The key headline was its $1.8bn revenue for the quarter. But the figures also revealed an uptick in both retail and institutional growth. Coinbase Goes Mainstream Coinbase is expected to debut on the Nasdaq, via a direct listing, on April […]
The current Bitcoin blockchain block size debate has been very contentious. When Gavin Andresen and Mike Hearn released BIP101/XT last week, they emphasized the need for an increase to the Bitcoin block size to address concerns of transaction scaling as adoption increases. Instead, it has touched off a war in the Bitcoin community, dev teams, miners and mining pools. The latest news on the debate is the fact that BIP100 has been adopted by F2Pool, BitClubPool, and Kano.is with some other smaller pools joining. This movement represents a resounding 25% + of the network hash rate, with....