The government and University of Gibraltar have created an advisory group to address the demand for new educational courses in DLT and smart contracts
Herman Gref, CEO of Russia’s Sberbank, says governments aren’t likely to “allow” decentralized crypto to flourish anytime soon, but pushes blockchain dev
Crypto and blockchain-related merger and acquisition deals have surged by over 200 percent in 2018, according to data compiled by JMP Securities
Frustrated by errors and mistakes when you’re using artificial intelligence? This blockchain-based startup thinks it has the answer #SPONSORED
The Bermudian government has licensed the first ICO in the country under a new regulatory regime introduced by the premier in July
A new report by online recruiting portal Glassdoor notes a rise in blockchain-related job opportunities over the last year
The Bill and Melinda Gates foundation has partnered with Ripple and Coil to implement Ripple’s Interledger protocol and develop their mobile platform for the unbanked
The U.S. SEC has launched the Strategic Hub for Innovation and Financial Technology to better deal with DLT and the cryptocurrency industry
Well-known American hacker George Hotz, also known as Geohot, has been talking extensively about cryptocurrencies lately, and more specifically about bitcoin cash. On Wednesday, Oct. 17, Hotz published a cryptocurrency programming video using bitcoin cash and showed people how to send a BCH transaction from scratch using the Python programming language.
Geohot Hacks With Bitcoin Cash
Popular entrepreneur and hacker George Hotz, aka Geohot, has a reputation for being the first person to unlock the Iphone and jailbreak the iOS software back in 2007. The programmer is also known for his relationship with Elon Musk, which he claims Musk offered him millions to create a better autonomous vehicle system than the current Tesla Mobileye solution. Recently, he attended the BCH Devcon in San Francisco and was interviewed by BCH Youtuber Hayden Otto. Following the event, on Wednesday, Hotz showed people how to generate a BCH private key from scratch using Python.
While most of the five-hour video shows Hotz coding and explaining what he was doing, the programmer emphasized how he would not be talking much about cryptocurrency politics.
“I know we’re doing crypto things today but we’re not going to talk about the politics of crypto — Because politics is for losers,” Hotz explained to the viewers. Before getting started, he also explained how he learned a few things at the BCH Devcon the prior week. “Transaction fees are super low on bitcoin cash,” the hacker detailed before starting the key generation process.
[I’m] Using bitcoin cash because it’s the real bitcoin.
“Lightning Network Too Complicated in a ‘Won’t Work’ Kind of Way”
During his interview at the BCH Devcon, Hotz also talked about the Lightning Network and the Ethereum network’s dapp projects. The programmer said he likes cryptocurrency technology and reads Ethereum code for pleasure. However, Hotz detailed that the Ethereum network is a “bug bounty” because he believes smart contracts open the doors to malicious hackers getting paid without breaking laws.
Hotz further stated that he was irritated with paying high network fees on the BTC network last year. As far as the Lightning Network is concerned, he explained the system is too complicated in a fashion that probably “won’t work.” Bitcoin Cash proponents on forums and social media enjoyed learning Hotz’s opinion about the Bitcoin scaling debate and his informative Python lesson using the protocol’s code.
What do you think of George Hotz (Geohot) and his opinion about the Bitcoin Cash protocol and the Lightning Network? Let us know what you think about this subject in the comments section below.
Images via Pixabay and Youtube.
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Elvira Nabiullina, the head of Russia’s central bank, thinks that crypto “fever” is diminishing
U.K.-based multinational security services company G4S has developed high-security “vault storage” for holding crypto assets
How Dubai and the UAE have adopted blockchain technology to revamp public and private sectors
Global ticketing giant Ticketmaster has acquired blockchain-focused live events firm Upgraded to enhance ticketing system and prevent fraud
Accenture continues supply chain work with blockchain partnership featuring subsidiary of Thailand’s Siam Commercial Bank
New report says e-Government procurement can benefit from blockchain usage
Almost two-thirds of those taking Malta’s Virtual Financial Asset (VFA) agent certification have failed, despite examiners’ last-minute changes to ease the marking scheme
Differentiating truth from fiction isn’t always easy, especially in the realm of blockchain. We’ve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama.
Blockchain.com Announces Airdrops
Bitcoin wallet and blockchain analysis service Blockchain.com has decided to host airdrops. The platform, whose 29 million wallets make it the industry’s largest bitcoin wallet provider, unveiled its airdrop program on Oct. 17.
“We think that airdrops, when executed properly, have the potential to meaningfully drive decentralization and supercharge network effects,” they explained. “That’s why we’re thrilled to share a set of guiding principles that will inform Blockchain Airdrops.”
The service promises to be good news for token creators, who can tap into Blockchain.com’s network of ready-made cryptocurrency users. It remains to be seen, however, whether wallet owners will take kindly to being showered with largely worthless tokens. Just as the Coinbase-owned Earn.com allows emerging ICOs to get seen by influencers, Blockchain.com will place ICO tokens in the hands of core users.
“Since Blockchain users self-custody,” the company explains, “they have immediate control, ownership and use of their newly-airdropped crypto. They can participate directly in the network without going through a cumbersome intermediary.”
The Onion Does Blockchain
From one blockchain to another, and satirical publication The Onion has published a short guide to the technology. From the site that brought us such gems as “Man Who Thought He’d Lost All Hope Loses Last Additional Bit Of Hope He Didn’t Even Know He Still Had,” we learn that blockchain “Provides a more efficient way for you to lose all your money at once.” Other choice responses from The Onion’s Q&A include the following:
Bitcoin Futures Volume Soars
Moving back into the realm of real news, CME has revealed that bitcoin futures volume rose 41 percent in the third quarter of this year. This trend attests to the growing interest in bitcoin from traditional financial markets.
In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2 . Learn how market participants are using BTC to manage risk in changing markets. https://t.co/Yt41SzsHku pic.twitter.com/Kw4OX0QaKT
— CMEGroup (@CMEGroup) October 17, 2018
Coolwallet S Adds ERC20 Token Support
Coolwallet S, which we’ve previously reviewed, is a fly credit card-sized hardware wallet for storing BCH, BTC, ETH, and other cryptocurrencies. The distinctive wafer-thin wallet, manufactured by Taiwan’s Coolbitx, has just added support for ethereum tokens. Users can now add any ERC20 token to the wallet and manage it via the accompanying iOS or Android app. Due to its portability, the wallet has proven popular with cryptocurrency holders who desire access to their digital assets while on the go.
Stablecoin Spat Breaks Out
And finally, The Daily’s news roundup wouldn’t be complete without some sort of stablecoin drama to report. Tether, whose Twitter account sees activity approximately once a month, broke its silence to take aim at Cameron Winklevoss, owner of Gemini exchange’s rival GUSD stablecoin. A war of words over Tether’s inability to publish a full audit of its USDT dollar-pegged token has erupted, with Bitfinex/Tether defender Whalepool asserting that no fiat-backed stablecoins are fully audited.
“Thank you for continuing the long-standing tradition in crypto where the default position is to go out half-cocked w/out any expertise or knowledge in an area and pretend to know what you are talking about,” Winklevoss retorted.
Traditional systems take time to adapt to the pioneering work taking place in this space. https://t.co/ykapXrhEqJ
— Tether (@Tether_to) October 17, 2018
“While [other stablecoins] might not be able to get a full blown audit,” chipped in The Block’s Larry Cermak, the likes of Gemini, Paxos, and Truesd “are hiring real auditing firms. Now remind me what auditing firm is doing audits for Tether please. I forgot.”
What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.
Images courtesy of Shutterstock.
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