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

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

Dash Hires Security Team To Analyze And Test The Dash Blockchain

Dash Hires Security Team To Analyze And Test The Dash Blockchain

Dash, the cryptocurrency known for focusing on payments and anonymity, has reached consensus within the Dash community to hire a cyber security team to inspect the Dash blockchain and seek out any possible vulnerabilities.

Dash has choosen to use Bugcrowd. “With a powerful platform and team of experts, Bugcrowd connects organizations to a global crowd of trusted security researchers.”

From Ryan Taylor, Dash Core CEO:

“As Dash gains more mainstream attention, identifying and fixing vulnerabilities is absolutely imperative. Bug bounty programs attract fresh eyes to review code which ensures white-hat hackers help identify any security flaws. Providing strong incentives to attract experienced programmers is one of the many tools we have at our disposal to ensure the Dash codebase is as robust as possible.”

“Our landmark release, Evolution, aims to completely redefine how a digital currency functions and will be available for Alpha testing in December. Providing that optimal user experience requires a massive change to the underlying technology. The more improvements Dash adds to the original Bitcoin code, which Dash is based on, means we will continue to invest heavily in ensuring our product meets the highest standard possible. Because digital currencies store wealth and facilitate the transfer of payments, it is critical that we take all measures possible to make absolutely sure that even minor software bugs are addressed.”

Source: cryptoninjas.net

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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

Store And Exchange EOS Tokens In The EXODUS Wallet

Store And Exchange EOS Tokens In The EXODUS Wallet

The latest release from the Exodus Team includes support for EOS!

Exodus users can now store EOS in their multi-asset wallet and maintain full control of their private keys. This will be advantageous for people who have chosen to pick up EOS on exchanges like Bitfinex or Kraken.

The view of the EOS wallet in Exodus.

Exodus users can exchange EOS directly inside the Exodus wallet.

From Exodus:

 Today Exodus welcomes EOS and Aragon to our family of assets. In addition we added further updates to the restore system – restoring from your Exodus backups are even easier and now fully automatic.

In addition to EOS, Exodus has built in support for Aragon.

Exodus currently supports Aragon, Augur, Bitcoin, Decred, Dash, EOS, Ethereum, Golem, and Litecoin.

About EOS

Dan Larimer is leading the EOS project as the CTO.  He brought many innovations to the distributed ledger scene with BitShares and Steemit and his blockchain advocates say he will do even more impressive things with EOS.

 The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.

Source: Block.one

The EOS blockchain project is currently running a year long ICO (initial coin offering). The first 20% of tokens were released during the first five days of the ICO. Another 70% of the token supply will be distributed in equal amounts everyday over the remainder of the year. Each day you can participate in the ICO window and purchase EOS. The last 10% of tokens are being held by EOS.

Americans Can Pick Up EOS Tokens On BITFINEX

Americans Can Pick Up EOS Tokens On BITFINEX

Many people believe the EOS project will help create a new and better path for decentralized ecosystems and economies. EOS tokens have the ability to take cryptocurrency to new heights.

EOS has been described as the “Ethereum Killer” and will “build on more than 4 years of continuous development and innovation from the BitShares and Steem community”. Source

From the EOS WhitePaper:

The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.

Source: Block.one

Dan Larimer is leading the EOS project as the CTO.  He brought many innovations to the distributed ledger scene with BitShares and Steemit and his blockchain advocates say he will do even more impressive things with EOS.

 

There Are Now 3 Ways To Pick Up EOS Tokens

 

  1. Pick up EOS tokens on exchanges like Bitfinex or Kraken.
  2. Via the EOS ICO windows on Ethereum.
  3. Via the Exchange in the Exodus Wallet.

For Block One’s protection, US citizens and residents are not technically supposed to purchase EOS tokens via the ICO window, although many will by using VPNs.

Bitfinex is allowing EOS trading for US residents. We know this for a fact because we tested the process with US resident credentials on Bitfinex.

The Ethereum ICO (initial coin offering) for EOS will last an entire year. The first 20% of tokens were released during the first five days of the ICO. Another 70% of the token supply will be distributed in equal amounts everyday over the remainder of the year. Each day you can participate in the ICO window and purchase EOS. The last 10% of tokens are being held by EOS.

Any EOS picked up in 2017 is likely to produce huge returns over the next 5-10 years. We have high hopes for this blockchain project.

*If you do pickup EOS on the exchanges, you will need to make sure you have extracted your tokens to an Ethereum wallet before the real EOS token release next year. Moreover, this wallet must allow you to hold the private keys. This is very important.  You will want to claim the real tokens on the EOS blockchain. What is out right now is the ICO crowdfund token on Ethereum.

EOS Consensus Presentation May 2017