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Cardano’s [ADA] Charles Hoskinson: ‘Don’t complain about the BSV delisting and cite free speech’

Cardano’s [ada] charles hoskinson: ‘don’t complain about the bsv delisting and cite free speech’

Cardano’s [ADA] Charles Hoskinson: ‘Don’t complain about the BSV delisting and cite free speech’

bitcoin Satoshi Vision [BSV], currently the fourteenth largest cryptocurrency by market cap, continues to be one of the most controversial topics in the cryptocurrency space even as #delistBSV gains momentum. Since Binance announced that the coin would no longer be a part of the platform, several other exchanges have taken the same decision, with the latest announcement coming in from Kraken, a leading cryptocurrency exchange platform.

The move of several leading exchange platforms ousting a single coin has led to several members in the community raising questions on censorship and the extent of control centralized exchanges have on the cryptocurrency market. While several influencers agreed on the impact centralized exchanges have on the market, several others have also defended the stance taken by these exchanges.

Charles Hoskinson, the co-founder of Ethereum and the CEO of IOHK, also spoke about the #delistBSV trend on his social media handle. Hoskinson stated that cryptocurrency exchanges are “not public utilities”, adding that they were business that was “often run by private owners”. He further stated that if anyone wanted a “utility”, then it’s better off to use a decentralized exchange/ DEX.

Hoskinson said, “Don’t complain about the BSV delisting and cite free speech or some other appeal. It doesn’t exist with private companies”, on Twitter. He went on to state,

“(2/2) the point of cryptocurrencies is to get us to a society where our freedom of association, thought, commerce and expression are guaranteed by open infrastructure. Craig is against this by his megalomaniacal desire to patent, control everything, use of courts for censorship”

Changpeang Zhao, the co-founder and CEO of Binance, also joined in on the censorship accusations. A Twitter user, Warbout, had accused Binance of “subverting natural selection”, adding that the platform would be recognized for being corrupt.

Source: twitter

Source: Twitter

To this, CZ stated on Twitter,

“Everyone can make their own decisions. Everyone has influence. Even you, if you sold a coin you don’t like (theoretically, it does affect the price, no matter how small), is that centralization? At what level does it stop being centralization? Who decides that level?”

He further said,

The post Cardano’s [ADA] Charles Hoskinson: ‘Don’t complain about the BSV delisting and cite free speech’ appeared first on AMBCrypto.

Published at Thu, 18 Apr 2019 10:16:04 +0000

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Bitcoin Gold Launches Tomorrow

Bitcoin Gold Launches Tomorrow

After weeks of preparation, Bitcoin Gold (Bgold; BTG) is finally launching tomorrow,  November 12, 2017.

bitcoin Gold is the second project to fork away from the bitcoin blockchain to create a new coin this year; on August 1, Bitcoin Cash (Bcash) was the first. Where Bcash attempted to offer an on-chain scaling solution by increasing bitcoin’s block size limit (while removing the Segregated Witness code), Bgold is an attempt to counter bitcoin’s mining centralization.

The most important difference between bitcoin and bitcoin Gold is a new proof-of-work mining algorithm. Instead of SHA256, the new coin uses the memory-hard Equihash proof-of-work function that’s also used in the privacy-focused altcoin Zcash. This means that specialized ASIC hardware that has come to dominate bitcoin’s mining ecosystem will not be able to mine Bgold.

Although Bgold is launching this weekend, the fork “officially” occurred on October 25. Anyone who held bitcoin (BTC) on that day (specifically, when bitcoin block 491406 was mined) will have an equivalent amount of BTG attributed to their private keys. These private keys can be imported into a dedicated Bgold wallet, which, starting tomorrow, will allow users to spend the coins. (But note that this does not come without risks and tradeoffs: If you’re not sure what you’re doing, it’s best not to ignore BTG until you do. For more information als see this article.)

Block 491407 on the Bgold blockchain will be the first block to deviate from the bitcoin protocol. In other words, this will be the first block where Bgold splits off to become its own currency. However, somewhat controversially, the first 8000 blocks will be privately mined by the Bgold team. Only after these 8000 blocks will Bgold’s mining difficulty ramp up to normal levels, and will anyone be allowed to mine the coin. The resulting 100,000 BTG worth of block rewards will pay for project development and more. (For more details, see the bitcoin Gold roadmap.)

Other changes implemented by bitcoin Gold are mostly to ensure a smooth split away from bitcoin. This includes a new difficulty re-adjustment algorithm named “DigiShield” that adjusts the mining difficulty each time a block is found — instead of once every two weeks. Bgold also includes strong replay protection, ensuring that no users spend BTC when they mean to spend BTG, and vice versa. Additionally, BGold implemented a new address scheme, preventing users from spending BTC to BTG addresses and vice versa.

bitcoin Gold will be supported by a relatively large number of exchanges, including major players like Bitfinex, OKex and HitBTC. Several of these exchanges are effectively supporting BTC/BTG trading already through futures markets. Ignoring an initially inflated price, these futures have traded at around 0.02 BTC in recent weeks, with a notable surge to about 0.042 BTC over the past few days. If this holds up, 1 BTG would be worth almost $250, and Bgold would immediately become a top-5 altcoin on websites like coinmarketcap.com.

For more information on bitcoin Gold, see bitcoin Magazine’s earlier article on this project.


Disclaimer: The author of this article holds BTC and will therefore also own BTG at launch.

The post Bitcoin Gold Launches Tomorrow appeared first on Bitcoin Magazine.

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