Jimmy Song

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Chatter Report: Vitalik Doesn’t Believe in Proof of Work, Chris Pacia Discusses Big Blocks

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In this latest roundup of crypto chatter from social media, Vitalik Buterin sparks debate by declaring that he doesn’t believe in proof of work. Also, developer Rhett Creighton is accused of foul play in the Bitcoin Private pre-mine scandal. Finally, Chris Pacia clarifies his stance on large block limitations. Also read: A Look at Some … Read more

Bitcoin Core Developer Advocates Credit Card Payments Over BTC

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Bitcoin Core developer Jimmy Song has caused controversy by suggesting that bitcoin enthusiasts would be better off using credit cards as a means of payment. He described this strategy as being “more rational and convenient” than making multiple onchain transactions. His advice flies in the face of the rationale behind Bitcoin and has provoked a … Read more

Raising the Dead: Is Bitcoin Cash Fiat Currency?

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Since the inception of cryptocurrency, some critics have dubbed it “just another fiat money.” This has been the wail of anti-crypto combatants. They have succumbed to grasping at straws in order to manufacture any rebuttal against the thing they loathe. It doesn’t matter how valid the argument is so long as it satisfies their desire … Read more

Roger Ver and Jimmy Song to Debate Bitcoin on Blockchain Cruise

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Next Monday will witness an eagerly anticipated debate between two of bitcoin’s leading figures. Bitcoin.com CEO Roger Ver and Bitcoin Core developer Jimmy Song will go head-to-head aboard a blockchain cruise on the Mediterranean. The debate promises to be one of the highlights of the three-day event, watched by 2,500 delegates aboard Coinsbank’s chartered vessel. … Read more

Crypto and Virtual Reality Meet in Ken Liu’s Science Fiction

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Science fiction writer Ken Liu has written an important short story, Bizantine Empathy, weaving as central to the narrative cryptocurrency and distributed ledger technology. Finally, crypto breaks out of its ghettoization in popular fiction, where it has been the plaything of terrorists and drug dealers, and instead has been used as an elegant background to … Read more

A 51% Attack on Bitcoin Means Mutually Assured Destruction

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What would happen if bitcoin were to suffer a 51% attack? It’s a hypothetical question, but one that has troubled some of the community’s brightest minds. Just as army generals play out countless war games, enacting doomsday scenarios, bitcoin defenders like to ponder ways in which the decentralized cryptocurrency could be attacked and brought to … Read more

Bitcoin Price Watch: Currency Jumps Another $100 to Sit at $9,600

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At press time, bitcoin is trading for $9,600. This is $100 higher than yesterday’s price, and roughly $500 more than where it stood at the beginning of the week. The currency was experiencing strong resistance between $9,000 and $9,300, but has since moved past its technical barricades and has passed the $,500 point. $10,000 is … Read more

Bitfury as Big Brother: Mining Company Tracks Bitcoiners

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Bitfury Group announced they’re concerned about the advent of bitcoin users having multiple wallet addresses, which the company views as leading to greater anonymity and, they also believe, facilitates crime. Also read: Nine Years Ago, Bitcoin’s Block Zero is Born Bitfury Watches Bitcoiners “Currently, bitcoin users can have multiple addresses,” Bitfury Group CEO Valery Vavilov detailed, … Read more

Shapeshift Throws Its Support Behind the Bits Standard for Measuring Bitcoin

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Bitcoin developer Jimmy Song is on a mission to redefine the default standard for measuring bitcoin. If Song has his way, BTC will be recorded in “bits” by default, with each bit corresponding to one thousandth of a bitcoin. His Bitcoin Improvement Proposal for bits was submitted in December and this week, the plan came … Read more