September 12, 2026

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Bitcoin in Brief Saturday: Fork-o-Mania and Flying Cars

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bitcoin in Brief Saturday: Fork-o-Mania and Flying Cars
Bitcoin in brief saturday: fork-o-mania and flying cars

As author William Gibson memorably observed, “The future is already here — it’s just not very evenly distributed”. Today’s clutch of stories attest to that. Blockchain air taxis, dual forks, and digitally scarce pillow cases may not be the future we dreamed of, but it’s the one we’ve gotten. Welcome to the weekend edition of bitcoin in Brief.

Also read: bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme Exposed

From bitcoin Private to bitcoin Prime

bitcoin Private developer Rhett Creighton is bitcoin Private no more. He’s been booted out of the project, which controversially forked from bitcoin and Zclassic earlier this year, for tweeting that it should be possible to do the same with bitcoin and Primecoin. Read like that, it sounds like Rhett was ejected simply for expressing an opinion, but the statement triggered Jackson Palmer’s bullshit detector, prompting him to do some digging.

Bitcoin in brief saturday: fork-o-mania and flying cars

After being put on the spot by ex-Dogecoin developer Jackson, Rhett confessed that he’d bought a bunch of Primecoin, which has since pumped just like Zclassic did ahead of the bitcoin Private fork. Jackson then labeled Rhett the “Martin Shkreli of cryptocurrency” for price manipulation and hopping from fork to fork, and urged the community to start calling out such behavior. Rhett, for his part, blocked his antagonist on Twitter and merrily urged everyone to join the bitcoin Prime Telegram group to discuss his latest dual fork. Place your bets on which dying coin Rhett will buy up and fork next.

Bitcoin in brief saturday: fork-o-mania and flying cars

Uber Air, Anyone?

You’re probably tired of hearing about “disruptive” new ICOs that are “Uber for X”. Well, it’s hard to describe Vimana Global’s air taxis as anything other than Uber for air. The vehicles will be making their debut at the Futurama Blockchain Innovators Summit in Dubai, May 3-6. The question is, will anyone be brave enough to step inside and take to the skies? For delegates who aren’t convinced by the prospect of oversized drones, the event also promises camel rides and hot air balloon flights. Blockchain conferences are turning into Burning Man.

Bitcoin in brief saturday: fork-o-mania and flying cars

Don’t Talk to CZ Unless You Hodl Crypto

There’s been some debate over whether owning a particular cryptocurrency – or indeed any crypto – should prevent a journalist from writing about it. Some publications, such as the New York Times, bar their writers from doing so, while others require full disclosure. Binance boss CZ has taken the opposite approach, complaining that there’s a generation of journalists emerging who “have never done a single blockchain transaction writing/”teaching the public” about blockchain.” He’s got a point.

Bitcoin in brief saturday: fork-o-mania and flying cars

Digitally Scarce Pillow Cases Are So Hot Right Now

Bitcoin in brief saturday: fork-o-mania and flying carsThere are those who see the rise of non-fungible tokens (NFTs) and digital collectibles as little more than a fad. And then there are others, such as Digital Currency Group’s Barry Silbert, who are bullish on NFTs, and Decentraland in particular. Cryptogoods launched earlier this month as a site where you can have your Cryptokitties printed on mugs, pillowcases, and a bunch of other merch. The USP is that only the token owner is allowed to order designs of their cats. This is the future we chose.

Do you think bitcoin forking mania has gone too far? Let us know in the comments section below.

Images courtesy of Shutterstock, and Cryptogoods.

Need to calculate your bitcoin holdings? Check our tools section.

The post Bitcoin in Brief Saturday: Fork-o-Mania and Flying Cars appeared first on Bitcoin News.

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Big Macs in Caracas, Prawns in Lagos are Cheaper for Bitcoiners

Travel much? Bitcoinist discovered that using bitcoin instead of local currency gives you more Big Macs for your bits, particularly in places like Venezuela and Nigeria.


Attn: Travelers & Digital Nomads

It’s common knowledge that buying bitcoin might make a great investment. It can also save you money when you use it to buy products at Amazon via Purse.io. Less well known is that using bitcoin can slash your travel costs as well particularly in places like Venezuela and Nigeria.

bitcoinist_demonetization_venezuela

Both these countries have capital controls on their economies and black markets for hard currency, especially in USD and Euros.

For example, in Nigeria, if you withdraw money at the Bank ATM you get 320 Nigerian Naira per Dollar. But if you sell Dollars on the Black Market you get 500 Naira per Dollar. Getting the black market rate makes your traveling to those countries a lot cheaper.

Economist Big Mac Index for Bitcoiners

Here is how it affects the price of a Big Mac in Lagos, Nigeria:

bitc1

In other words, dummies pay $2.99 for a Big Mac in Lagos. bitcoin users pay $1.90 per Big Mac.

Therefore, you have three choices:

  1. Pay for everything with Naira from the bank ATM, which is paid out at the official FX rate. Pay $2.99 for a Big Mac.
  2. Take a large stack of cash Dollars with you to Lagos. Good luck with that! And what are you going to do when (not if) that cash gets stolen from you, most likely on the taxi journey from the Airport to your Hotel in the city?
  3. Buy bitcoin before you travel and sell bitcoin in small sums during your travels. Here’s how you can do that on the LocalBitcoins OTC platform, which is active in Nigeria. Pay $1.90 for a Big Mac.

King Prawns in Lagos

The benefits of using bitcoin when traveling to countries with distressed economies is not restricted to eating unhealthy food at McDonalds, however. (But great for a hangover.)

For example, Ocean Basket is a lovely seafood restaurant with branches all over Africa.

bitc2
Beautiful seafood. Look at the Menu at Ocean Basket, Lagos, Nigeria.

Order the whole menu, and Bitcoiners pay $112.46 USD; non-Bitcoiners pay $176.87 USD.

Many people might not wish to travel to Venezuela or Nigeria. (I would!) But bear in mind that the arguments laid out here apply to any economy with FX and capital controls. And as sure as night follows day, there will be more economies behaving that way in the future.

The canary in the coal mine is rapid depreciation of the local currency against the US Dollar. Black markets usually develop as the authorities impose artificial controls on the official FX rate to stem decline of public confidence in the national currency.

So here are the canaries (excl. UK) to look out for if you’re looking to get more Big Macs for your bits:

Would you use bitcoin to save money while traveling? Let us know in the comments below!


Images courtesy of Blocklink.io, Shutterstock, Mcdonalds.com

The post Big Macs in Caracas, Prawns in Lagos are Cheaper for Bitcoiners appeared first on Bitcoinist.com.

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