• Tag Archives BFX
  • WCN Bitcoin Group #136 – ASICBoost – Japan accepts Bitcoin – BFX Coin – Distributed Rendering

    April 7th from NYC: This is a very important episode. It was the one right after ASICBoost revelations were uncovered by Greg Maxwell of Blockstream. Here is the TL;DR:
    0:01:00 – ASICBoost – This is a serious problem. I fully believe Bitmain has been doing. The good news is that we now have clarity and this clarity should go a long way to people demanding SegWit gets passed sooner than later. Anyone still supporting Bitcoin Unlimited is just an Idiot. These people should admit Jihan Wu played them but instead they are doubling down on the stupid.
    0:33:50 – Japan Big Retailers Accept Bitcoin – I do not care for this development because the retailers immediately convert to Fiat. This is not helping the Bitcoin economy unless the Bitcoin is moving in a circular fashion. I also do not expect many people to actually come in and spend Bitcoin (why would you want to spend something that will go up in value if you have other currency to spend)
    0:46:00 – BFX Coins Get Paid Back – Bitfinex has paid off their debt tokens which they issued after the hack. Good for them, glad to see that there is a responsible management team at a Bitcoin exchange.
    0:57:00 – Distributed Rendering Paying in Bitcoin – I’m not sure exactly how this tech would work, so I basically ask a bunch of questions.
    1:09:00 – BONUS – I once again give a price prediction —-> HIGHER