Bitcoin’s status in the Islamic community has been widely debated, with some saying it’s haram as others argue that it depends on how it’s used. For instance, it prohibits interest on loans, Mughal, who is the CEO of the AlHuda Centre of Islamic Banking and Economics, added. This has seen many claiming to be Shariah-compliant […]
Kraken joined others in delisting the BSV asset from their trading platforms in 2019, while Coinbase decided to stop listing Bitcoin and gave its BTC ticker symbol to the new system that was created by BTC protocol engineers in 2017. Although the BSV blockchain is the only network still running on Satoshi Nakamoto’s original Bitcoin […]
Wright’s lawsuit will bring to this form of rights enforcement, passing-off is an essential civil action which is a well-established tool for protecting intellectual property rights and business interests—so much so that it has been described by the U.K. The claimant successfully brought a passing off claim against an American company which began selling lemon […]
RelayX founder Jack Liu has proved to be a forceful presence in the Bitcoin space. As he tells Charles Miller on this episode of CoinGeek Conversations, his attraction to Bitcoin is partly due to its incentive design: regardless of wealth and stature, any individual has a chance to raise money using the network. What you […]
Craig Wright is suing cryptocurrency exchanges Coinbase and Kraken for passing-off fake Bitcoin regarding their use of the name Bitcoin in relation to assets that do not conform to the system described in the white paper. The full details of the claim won’t be known until the more substantive particulars of the claim are filed in the near […]
The new units of money carry zero economic value in themselves but are artificially and forcefully made to be of the same face value of the existing money, causing a dilution of the value of the existing money. Although the share base is diluted, the unit value of the existing shares is not diluted, because […]
Wright’s late friend David Kleiman, failed to produce convincing evidence that his brother had co-invented Bitcoin. Wright begins by answering a different question, speaking about his current annoyance at how developers are overcomplicating things and focusing on problems that don’t need to be fixed. He summarizes that he is trying to disrupt the business model […]
Line 9 checks the delegated script is signed and thus authorized by the owner. …Read the full story
A few years back, Russian interference in democratic elections was a big news story. However, we don’t live in such a world. Yet, as this story shows, even those in powerful positions still believe that Bitcoin is an anonymous “cryptocurrency” that facilitates crime and empowers bad actors to move funds in an untraceable way. …Read […]
It was a presentation I was looking forward to. A pyramid scheme is a “business model that recruits members via a promise of payments or services for enrolling others into the scheme,” where “New recruits make up the base of the pyramid and provide the funding, or so-called returns, in the form of new money […]
If you love games, girls, and NFT technology, then you’re going to love Ninja Punk Girls. That, Boase said, was the basic premise. As with many projects, Ninja Punk Girls started out with a test series. Each code is unique to a card, and it links to a public address on the Ninja Punk Girls […]
It is authorized by linking the root of the MAST m in P and verifying the script is indeed a leaf of the MAST via Merkle proof. During setup, all parties jointly sign all possible surrogate scripts. Instead of committing four scripts in a MAST in a single transaction tx2, each script can be made into a separate transaction. In […]
The audience was full of Ethereum developers, Solana enthusiasts, BTC maximalists, and of course, BSV community members. “Events like the Bitcade are important because we can FINALLY stop talking about the tech and can now show its fruits. “I enjoyed Lost the most but I’ll probably be playing jump more because it’s challenging and works […]
The BSV Blockchain Association has launched the official Bitcoin SV Discord channel. “The Discord channel is a good place for members to pose questions to the broader community, and share what they know with others in a productive environment. “I think the main goal of the discord channel for these first few weeks will be […]
By recording data in a transaction and thus a block, it can be proven to any external auditor that the data has not been tampered with since a particular date. Anyone can verify R is created with knowledge of data by verifying if Equation 4 holds, since all variables are publicly known. An outside observer can only see r in her […]
We have profited before from putting Niall Ferguson’s findings into the context of Bitcoin, as can be read here. You may want to read Kurt Wuckert Jr.’s “Hash war history” to get into the details of that Bitcoin hash war. We know that war may cause a convergence of one party of war to resemble the […]
BSV cannot be friends forever with other blockchains that use SHA-256 hashing algorithms. The reason is that there exists only so many ASIC mining machines that require a high amount of capital investment and upkeep chasing a fixed subsidy of coins across three blockchains. Block 733,689 was mined on the Bitcoin SV network with 2,512,670 […]
We introduce a novel way for Alice to allow Bob to spend her UTXO/coins, without giving Bob her private key. Previously, we have developed a way for Alice to sign arbitrary message in a transaction using her Bitcoin private key. Bob adds his signature to the transaction and broadcasts it to spend the locked funds. The delegate […]
Those who cannot show sufficient proof of origin of funds will no longer be able to buy or sell on the open market. As we have explained before, Bitcoin and source of funds are key topics for investors, traders, and digital asset enthusiasts. Digital asset markets have been kind of the Wild West of trading […]
In a short video posted as the Kleiman v Wright trial approaches its conclusion, Charles warned that “malicious actors” and disinformation campaigns in Bitcoin and the wider world are limiting what people understand about the world around them. It was instead in 2016, when Gavin Andresen, Ian Grigg and Jon Matonis revealed their convictions that […]