February 14, 2019

Lightning Pizza Lets You Order Domino’s With Bitcoin For Less Than 1 Cent

A new consumer app enabling anyone in the US to order pizza using bitcoin via the Lightning Network launched last week.

LN Pizza ‘Spurs Awareness And Adoption’

Lightning Pizza, the latest offering from San Francisco-based bitcoin payment app Fold, claims to be the “first Nation-wide retail service powered by lightning payments meant to spread utility and spur awareness and adoption.”

Users are able to select pizza from Domino’s for collection or delivery to any US address.

Payment is done with bitcoin, specifically using the Lightning Network, allowing the off-chain transaction to confirm almost instantly with a fee of less than one US cent.

“Every order is 5% off, <$0.01 transaction fees, instant settlements and ~30min delivery time,” developers promise.

The service is currently in an initial phase, with users reporting they were unable to access the full range of Dominos products available via the regular menu order process.

Fold already offers users the option to pay for products from Uber, Starbucks and other brands using bitcoin.

You can now buy Domino’s Pizza via the Lightning Network for *5% off* from anywhere in the US with <$0.01 fees, instant transactions and ~30 min delivery. Get it while it’s hot at https://t.co/3tn7O9eexo pic.twitter.com/zvco9xU7mC

— Lightning Pizza (@ln_pizza) February 13, 2019

Lightning Reaches New Heights

The Lightning Pizza launch comes at a timely juncture for Lightning, with the ongoing Lightning Torch initiative generating considerable publicity for the protocol.

As Bitcoinist reported, the Torch, which is a relay transaction circulating around the network, has seen involvement from figures including Twitter CEO Jack Dorsey. A push to make Tesla founder Elon Musk get involved continues.

Following confirmation of the full rollout February 13, Fold hinted at prospective expansion plans for Lightning Pizza on social media. These include support for more delivery options, as well as branching out beyond the US market, with Canada first in line.

The service should also appear in the European Union, officials said, without giving specific country details.

According to data monitoring resource 1ML, at press time, Lightning had broken its size and capacity records yet again this week. There are currently almost 6520 nodes, 26,000 channels and a capacity of 673 BTC – a monthly increase of 36 percent.

What do you think about Lightning Pizza? Let us know in the comments below!

Images courtesy of Shutterstock

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source: https://bitcoinist.com/lightning-pizza-lets-you-order-dominos-with-bitcoin-for-less-than-1-cent/

Published at Thu, 14 Feb 2019 16:00:56 +0000

WanaCrypt0r 2: Media Perpetuates bitcoin Myth

Beginning Friday morning, 99 countries began losing control of huge sections of their IT infrastructure.

The alarm first became public after Spanish telecommunications giant Telefonica saw 85% of its computers infiltrated with bitcoin ransomware. Screens displayed a demand for around $300 per machine to end the attack, which soon spread to countries around the world including the UK, where its public health service, the NHS, was targeted.

Comunicado de Telefónica sobre incidencia de ciberseguridad https://t.co/4WdjICfz0P

— Telefónica (@Telefonica) May 12, 2017

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As more details have come to light, bitcoin has taken a substantial publicity hit due to a combination of misinformation and sensationalism in the mainstream press.

UK publication the Daily Mirror published a form of explainer for readers about bitcoin as the attack spread, in which it described the virtual currency as “the money ransomware hackers are demanding from NHS.”

Attack Fails To Shake Crypto Confidence

Not everyone was fooled by the kneejerk reaction. One response to the Mirror article reading “blaming bitcoin for ransomware is exactly like blaming the duffel bag for of cash for a kidnapping,” yet markets clearly felt the pressure.

Having reached a high of almost $1870 earlier in the week, bitcoin briefly saw a dip to $1655 in light of the attack, subsequently recovering to sit at around $1750 at press time Saturday.

Given the scale of the attack, such resilience is remarkable, perhaps due to an already emerging sense the real weakness lies in outdated IT systems.

In the hunt to find the source of the attack, Microsoft immediately came under fire, as its perpetrators appear to have exploited a Windows vulnerability to spread WanaCrypt0r 2.

This vulnerability first hit the headlines after hacker group the Shadow Brokers leaked a second batch of National Security Agency data in April.

Real Spotlight On Legacy Infrastructure

In the case of the NHS, which has seen doctors switch to pen and paper as a result of computers being outside staff control, running the Windows XP operating system would have made its network a ‘sitting duck’ for more modern attacks.

Despite Microsoft releasing security updates to minimize the threat from the Shadow Brokers leak, XP has not had official security updates made for several years.

Outdated infrastructure has been easy prey for ransomware attackers in the past. The scale of the problem became evident in studies last year, which suggested the majority of both smaller and larger businesses were ill-prepared for such eventualities.

Data collected by Phishme in Q3 2016 showed that 97% of common phishing emails contained ransomware.

What do you think about the WanaCrypt0r 2 attacks? Let us know in the comments below!

Images courtesy of MemeGenerator, CoinMarketCap, AdobeStock

The post WanaCrypt0r 2.0 Ransomware Myths Fail To Shake Bitcoin Optimism appeared first on Bitcoinist.com.

March 15, 2018

No rollercoasters today, ok?

Litecoin No rollercoasters today, ok? I have a spray bottle here and I'm going to spray you in the face like I do with my dog if I see that shit. submitted by […]