Lingerie Tycoon Begins Selling Dubai Apartments For Bitcoin

Lingerie Tycoon Begins Selling Dubai Apartments For Bitcoin

Lingerie tycoon Michelle Mone has fearlessly jumped into the Bitcoin world with her new venture of selling Dubai apartments for Bitcoin.

Michelle Mone, also known as Baroness Mone of Mayfair, is a millionaire who is looking to cash in on the rising crypto economy.

From her Instagram:

 

 

 

Her apartments went on sale on September 6th.  She is selling two 40 floor towers which are connected to a large shopping mall.

The Telegraph reports:

“A studio apartment in the complex starts from around 30 bitcoins, or $133,000, rising to 85 bitcoins for a two-bedroom flat. They come with access to a gym, swimming pool and residents’ lounge, and have views over the Dubai Hills and the city skyline.”

The apartments will be extremely nice, similar to what is pictured below (actually probably nicer).

New owners also have the choice to have their apartment decorated by Baroness Mone Interiors, Michelle’s interior design service. And they too can be paid with Bitcoin.

Michelle’s partner in the endeavor, Doug Barrowman owns a company(the Knox group) that struck a deal with BitStamp to be able to hedge themselves against crypto’s volatility.

It is unfortunate to hear that they will be dumping their Bitcoin for dollars, as they will be giving up future billions in cryptocurrency.

But hey, not everyone is smart enough to realize the way of the future and it is pretty cool that they accept Bitcoin. 👍

Source: telegraph.co.uk

Have You Heard The BITCOIN ALL THE WAY UP Song By Jeff Berwick?

Have You Heard The BITCOIN ALL THE WAY UP Song By Jeff Berwick?

Most of us have heard about Bitcoin’s tremendous gains over the spring and summer of 2017. It feels like it was just yesterday when we were writing about Kim Dotcom predicting a $2000 Bitcoin, which it of course reached and has now touched $5000.

Jeff Berwick of the Dollar Vigilante and Anarchapulco conference has released a video in celebration and anticipation for what Bitcoin will do next.

Check it out:

BITCOIN ALL THE WAY UP – The Dollar Vigilante feat. Freenauts

Berwick decided to lay down his track over the popular song All The Way Up by Fat Joe, Remy Ma, French Montana, and Infared.

Freenauts joins Berwick in this epic Bitcoin track. They lay down solid rhymes and call out some of the people behind the most popular fiat money schemes.

We wanted to make sure this awesome video is on our blog. We suggest you share it on your social media and create a cd for your car with this song as every track. 😁

Did you know Steemit has a new video application called DTUBE? It stands for Decentralized tube and the videos are posted on the STEEM blockchain. The videos are stored and hosted on IPFS, a distributed file sharing and storage system.

Watch Bitcoin All The Way Up on DTUBE

If you haven’t heard about STEEMIT or you haven’t joined yet, what are you waiting for?

Steemit.com is the world’s fastest growing decentralized social media platform. Steemit connects to a robust blockchain database called Steem. This blockchain database distributes rewards in cryptocurrency to the users who bring the best content (blogs, comments, videos etc.) to the Steemit site.

We put all of our blog posts on Steemit under @bitcoinshirtz. Make sure to follow us!

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What Is Bitcoin Cash & How to Claim Your Coins

What Is Bitcoin Cash & How to Claim Your Coins

So What Is Bitcoin Cash?

Have you been asking yourself what is Bitcoin Cash? Lots of people have and it is because currently Bitcoin is facing a scalability issue. The blockchain needs to be faster if it is to support more users and more demand.

Segregated Witness or Segwit is one answer to this issue. The Segwit update to the Bitcoin software intends to speed up the network and address the network scaling issues. However there are people who believe these updates are not what they seem. Segwit changes how blocks are stored. Essentially new storage space is created in Bitcoin’s blocks, which is not subject to the 1MB size limit but rather a separate 0.7MB limit. The witness data( aka transaction info about inputs and outputs) is moved to this new storage space freeing up room in the original space with a 1MB limit.

Bitcoin Cash is the other alternative that simply raises the block limit to 8MB.

On August 1st Bitcoin Cash hard forked the Bitcoin blockchain. It is now its own digital token, separate from Bitcoin (BTC).

On August 24th, Segwit activated on the Bitcoin blockchain.

We encourage you to read our post on The Hard Truth About Segwit.

How To Claim Your Bitcoin Cash

If you had any amount of Bitcoin prior to the August 1st fork, you should be able to claim your share of Bitcoin Cash.

If you read our previous post, Preparing For The BIP 148 Bitcoin Fork – How To Protect Your Digital Assets we included advice on exporting your wallet private keys prior to the fork. The important part being the Bitcoin should be stored in a wallet where you have full control (ownership of private keys). This means moving BTC off the exchanges.

If you use the Exodus Wallet you can easily use their feature to search the wallet for BCH and then send it to an external BCH address.

If you use a wallet like Mycelium you can use the following instructions to claim your BCH.

We were successfully able to claim Bitcoin Cash with the Coinomi wallet for Android. The BTC was originally in a Mycelium wallet and we followed the following instructions per https://medium.com/@coinomi/collecting-your-free-bitcoin-cash-coins-44fcc6008bb6

[UPDATE] How to get Bitcoin Cash from many wallet/software/services with Coinomi

Please consult this article: https://coinomi.freshdesk.com/support/solutions/articles/29000013719-how-to-get-bitcoin-cash-from-many-wallet-software-services-with-coinomi

Add BitcoinCash

Now open your wallet, click on the top left menu, then hit the “+ COINS” button in the button and select “BitcoinCash” from the (mind-blowing) list of Coinomi’s 79 supported coins and 200 tokens.

A pop-up dialogue will appear, asking if BitcoinCash should be added. Hit the “ADVANCED SETTINGS” button. If you clicked “Add” instead you need to delete your BitcoinCash wallet and add a new one. In the “Derivation Path” please enter:

M/44H/0H/0H

Other Helpful Videos Regarding BCH

Are You Listening To Bitcoin Music?

Are You Listening To Bitcoin Music?

Music has powered some of the biggest movements in human history. For every niche and passion there is music that caters to it. Bitcoin is no different. There are lots of bitcoin music to be found online. Raps about Bitcoin, rock songs for the blockchain, and tunes for most of the alt coins as well. Most notably is the Dogecoin crypto. You can find videos for just about all of these on Youtube.

To our surprise, we recently discovered some Bitcoin themed tracks in the Country genre that are super catchy.

Here are two songs written and arranged by John Barrett.

Add them to your playlist ASAP.

You’re welcome. 😎

Ode To Satoshi Lyrics

Well Satoshi Nakamoto that’s a name I love to say
And we don’t know much about him, but he came to save the day
When he wrote about the way things are
and the way things ought to be
He gave us all a protocol this world had never seen

 

Oh Bitcoin as you’re going into the old Blockchain
Oh Bitcoin I know you’re going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name

 

Down the road it will be told about the Death of Old MtGox
About traitors trading alter coins and minors mining blocks
But them good old boys back in Illinois
and on down through Tennessee
See they don’t care to be a millionaire,
they’re just wanting to be free

 

Oh Bitcoin as you’re going into the old Blockchain
Oh Bitcoin I know you’re going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name

 

From the ghettos of Calcutta to the halls of Parliament
While the bankers count Our money out for every government
Old Bitcoin flies on through the skies of Virtuality
A promise to deliver us from age old Tyranny

 

Oh Bitcoin as you’re going into the old Blockchain
Oh Bitcoin I know you’re going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name
Till everybody knows, everybody knows,
till everybody knows your

“Give me some Exposure”

Everybody knows your name

 

Singing:
Oh Lord pass me some more
Oh Lord before I have to go
Oh Lord pass me some more
Oh Lord . . . before I have to . . .
go . . .

Lowdown Bitcoin Blues Lyrics

 

Wasted all my time back in ’09 I should have been mining blocks
Now all I’ve got’s a Dogecoin rig and holes in my Alpaca socks

 

I got them low down Bitcoin Blues I’m cryin
Hear the low down Bitcoin news I ain’t lying to you
Low down Bitcoin Blues I’m dyin honey
Low down Bitcoin Blues

 

BTC convention came to my hometown at last
I had to sell my only bitcoin just to buy a 2 day pass

 

I got them low down Bitcoin Blues I’m cryin
Hear the low down Bitcoin news I ain’t lying to you
Low down Bitcoin Blues I’m dyin honey
Low down Bitcoin Blues

 

Took a trip to China . . . town for Beef chow mein to go
Fortune cookie told me “We no taking bitcoin anymore”

 

I got them low down Bitcoin Blues I’m cryin
Hear the low down Bitcoin news I ain’t lying to you
Low down Bitcoin Blues I’m dyin honey
Low down Bitcoin Blues

 

I went up town to see my CPA for some advice
He told me death and taxes son and then just roll Satoshi Dice.

 

I got them low down Bitcoin Blues I’m cryin
Hear the low down Bitcoin news I ain’t lying to you
Low down Bitcoin Blues I’m dyin honey
Low down Bitcoin Blues.

The Hard Truth About Segwit

The Hard Truth About Segwit

Segregated Witness or Segwit is a proposed update to the Bitcoin software that intends to speed up the network and address the network scaling issues. However when one looks beyond the hype, the hard truth about Segwit is revealed.

On the surface Segwit looks to be a bengin and productive update to Bitcoin. The update changes how blocks are stored. Essentially new storage space is created in Bitcoin’s blocks, which is not subject to the 1MB size limit but rather a separate 0.7MB limit. The witness data( aka transaction info about inputs and outputs) is moved to this new storage space freeing up room in the original space with a 1MB limit.

The new opposition to Segwit is called Bitcoin Cash (BCH). Bitcoin Cash simply raises the block limit to 8MB. On August 1st Bitcoin Cash hard forked the Bitcoin blockchain. It is now its own digital asset, separate from Bitcoin (BTC).

In this post we have included statements on the details and implications of Segwit by two reputable people in the blockchain space.

Statement by blockchain architect and developer, Nathan Hourt:

Nathan Hourt image

“Segwit has a lot of technical, economic, and political implications around it. I will now elucidate on some of these concerns. I note that the proposals to raise the block size limit have little or no implications other than the fact that processing more transactions requires more storage space and network bandwidth (although I have heard this increase in bandwidth could cause trouble for nodes/miners behind the Great Firewall of China, I have not researched this and do not know if it’s true).

One of the most troubling aspects of segwit is the fact that, from its inception, it has been promoted primarily by use of censorship, deception, bullying, inciting fear and divisions, and other such chicanery that has absolutely no place in an open source project. I emphasize that this is notmere conjecture — the use of censorship on the main Bitcoin discussion channels such as the /r/Bitcoin subreddit and bitcointalk.org to suppress all discussion of problems or disadvantages of segwit is well documented [12], while these same discussion channels allow overt bullying of any users who question segwit.

Segwit proponents have repeatedly used divide-and-conquer strategies to attempt to play one demographic of Bitcoin users (i.e. users, miners, exchanges, merchants…) against another, attempting to scare both sides into embracing segwit as a security blanket. For example, segwit is frequently pushed by people making wild and unfounded conjectures about retroactive forks and replay attacks stealing users’ money, and advising users to contact merchants to demand segwit support to avoid this possibility. Cooler heads will note that people will usually see any significant chain reorganization coming, and any serious attempt to fork the chain will include replay attack preventions (i.e., Bitcoin Cash).

Even without knowing anything about segwit, I can say with certainty that no good idea is ever promoted using censorship or divide-and-conquer strategies. Good ideas promote themselves, and all effort can simply be spent helping people understand them.”

“Segregated witness is systematically destroying everything good and worthwhile about Bitcoin: segwit is inelegant and complicated; it creates two parallel sets of rules for evaluating transactions, but ignores one of them. Segwit breaks Bitcoin’s security by empowering miners and anyone who can coerce them to steal balances. And segwit is breaking the Bitcoin ecosystem up, causing people to fork the blockchain just to avoid using it, and destroying the mind share, confidence, and name recognition in Bitcoin.”

Read the full post by Nathan (@modprobe) on Steemit.com

Steemit image - follow upvote resteem

 

Statement by Rick Falkvinge, Pirate Party Founder

Rick Falkvinge

“Based on Blockstream’s behavior in the Bitcoin community, I have become absolutely certain that Segwit contains patents that Blockstream and/or their owners have planned to use offensively. I base this not on having read the actual patents, for they can be kept secret for quite some time; I base this on observing Blockstream’s behavior, and having seen the exact same behavior many times before in the past 20 years from entities that all went bankrupt.”

Source – Rick Falkvinge

Conclusion

The statements made by Hourt and Falkvinge are enlightening. If their reports on Segwit and Blockstream are true, one would easily see the value in supporting and holding Bitcoin Cash (BCH) over Bitcoin (BTC – with Segwit).

Moreover this presents an opportunity for more market competition and we could see other blockchains and decentralized currency rise and surpass Bitcoin in value ($ market cap).

Other impressive blockchains with digital assets include Steemit, Dash, Ethereum, EOS, and Litecoin just to name a few.

At this time Segwit has begun implementation on the Bitcoin blockchain, however it is not active yet. Go to segwit.co to follow the status of the segwit activation. 

Which will you support?

Bitcoin or Bitcoin Cash?

Helpful Videos

Preparing For The BIP 148 Bitcoin Fork – How To Protect Your Digital Assets

Preparing For The BIP 148 Bitcoin Fork – How To Protect Your Digital Assets

BIP stands for Bitcoin Improvement Proposal. On August 1st of this year Bitcoin will experience a BIP called a user activated soft fork (UASF).

The fork attempts to do 2 main things. It will implement SegWit and patch a security vulnerability on the Bitcoin Core software known as CVE-2017-9230.

The implementation of SegWit is a big deal and very political in the Bitcoin space. Many are for it and many are against it. Basically SegWit believes the solution is to the Bitcoin scaling challenge is to change how blocks are stored. It will creates smaller blocks more often. More details on SegWit.

Hard Fork vs Soft Fork

Both hard forks and soft forks both describe ways to update the Bitcoin core wallet software.

A hard fork is a permanent divergence in the blockchain, while a soft fork is a temporary divergence . BIP 148 is technically a soft fork.

Trace Mayer & Jeff Berwick Discuss The BIP:

 

How Should You Prepare?

You should prepare for BIP 148 by creating and storing your own private keys. It is also suggested to perform your own network consensus by running a full-node.

This means you should move or make sure your Bitcoin is in a wallet that A. gives your total control of your keys and B. supports the BIP 148.

Here is a list of wallets that support the upcoming Bitcoin improvement proposal:

  1. 09 Apr 2017 – Electrum
  2. 09 Apr 2017 – Samourai Wallet
  3. 11 Apr 2017 – Coinkite
  4. 12 Apr 2017 – Coinomi
  5. 22 May 2017 – GreenAddress
  6. 24 May 2017 – Ledger Wallet
  7. 27 May 2017 – Mycelium 
  8. 28 May 2017 – Electrum 
  9. 29 May 2017 – Airbitz 
  10. 09 Jun 2017 – Bitgo

 

What About Exodus?

Exodus is one of our prefered wallets at BitcoinShirtz. They have yet to fully support the BIP but Exodus users retain full control of private keys, so they should be good to go.

Exodus is designed to allow you to control your own wealth. With this control comes the ability to make decisions for yourself and also have 100% control over your funds – this includes Bitcoin and all assets.

Exodus gives the power to you as a user to decide how you want to proceed in the case of a fork. No matter the decision of Exodus, the software is designed to give you the user total ownership and full autonomy over all assets.

Unlike an exchange or hosted wallet, Exodus gives you the user full control of your private keys. With these private keys you will be able to retain control of both sets of coins when and if a fork takes place.

Since Exodus is a light-wallet that depends upon information from other services like ShapeShift, BlockCypher, and Bitpay Insight Exodus is dependent upon their decisions. Until we know the position of each service, we are unable to give a firm position.

Again, we want to stress, the power of Exodus is it gives you the user 100% control over all assets. No matter what Exodus as a company decides to do in a fork situation you always have and maintain full control and management of your assets.

Last updated: Tuesday, May 30th, 2017

Source 

Read more about the BIP 148 and UASF on uasfguide.com