Luckily, thanks to an NH-based upstart from the Seacoast called Anypay, now merchants can accept DASH at point-of-sale. In fact, here in Keene, New Hampshire, local mom-n-pop retailers Corner News, Hot Hogs BBQ, D’s Cafe, and Route 101 Local Goods all now accept DASH at the register via the Anypay app.
It’s a relief to be able to use cryptocurrency again retail in real life, with fees that are sane. Fees for sending are usually no more than 1-3 cents’ worth of DASH per transaction, and they’re expected to get even lower with DASH’s next upgrade. Compare that with Bitcoin’s recent, insane $10+ median fees recently. Over the last couple of days they’ve dipped, but are still over $6 worth of BTC just to send a transaction. It’s sad – Bitcoin is broken, yet amazingly continues an upward trend in value, just today setting a new record high of over $8,000 USD per BTC.
Right in the midst of the DASH retail explosion happening in both Portsmouth and Keene, Lamassu, the manufacturer of Keene’s first Bitcoin Vending Machine released a long-awaited system update that has expanded their software to allow for multiple cryptocurrencies to be vended. Since DASH is uniquely positioned as “digital cash” and has growing point-of-sale support in the Keene area, it is now the first additional cryptocurrency besides bitcoin to be offered as a vended product in this region. (more…)
Billions in remittances are annually sent from folks in the USSA to their friends and families elsewhere. For decades, firms like Western Union and MoneyGram took a hefty fee for this service. But today, with the emergence of peer-to-peer digital currencies like Dash, money transfers can be done more speedily and with a much lower fee. This latter route can now be pursued by residents of San Antonio, Texas thanks to the existence of a Dash-enabled General Bytes Machine at LOL Liquors.
Will Coley, Imam of the soon-to-open MALIC Center in Keene, NH recently made the mistake of asking permission to put up a sign for the mosque he’s opening in Keene. Realizing that asking for permission only gives bureaucrats reasons to create hoops to jump and fees to pay, Will went in to inform them he intends to move ahead with or without their permission slip, per the freedom of speech and religion.
During the interaction one particularly rude bureaucrat insults me and then issues an even bigger insult to Will, as a Muslim. She actually asserts that he smells of alcohol, a ridiculous claim, given it’s been over a decade since he’s drank any. Here’s the full video of his interactions with authoritarian bureaucrats on Thursday afternoon:
With the story already hitting the one of the Sentinel’s front pages yesterday, it’s already looking like the people calling themselves the “City of Keene” are going to be an international laughingstock again! With such insulting and threatening behavior not long after suffering defeat after defeat, all the way to the NH Supreme Court in the Robin Hood case where they tried and failed to crush the free speech of activists who have rescued thousands of motorists from parking tickets.
Enjoy the video and subscribe to FreeKeene.com for the latest on the MALIC Center and any further threats or aggression from the city gang.
Is the Bitcoin geek war finally over, or just getting started?
After months of buildup, fighting, and controversy, the potential forkers of Bitcoin have blinked. Thankfully, they’ve called off their plans to cause a potentially damaging and very contentious schism to the Bitcoin network. Today, several of the “Segwit2X” developers appear to have written an email canceling the much ballyhooed “upgrade” that was attempting to become the “real” bitcoin.
I wrote a very detailed article explaining what was happening with this potential fork and you can read that here to get caught up. Here’s a brief recap of how we got to where we are:
Bitcoin has been going through some ugly growing pains. Its network is full of transactions. Fees have been skyrocketing as a result. Bitcoin transactions that a few years ago were no more than a few cents are now regularly $3-5 dollars. This has killed Bitcoin’s usefulness for small transactions. After arguing online for years about how to solve the issue technically, a group of dozens of companies and mining pool operators came together in May to propose a compromise called “Segwit2X”. This would implement “Segregated Witness” and then three months later increase the block size to 2 MB from 1 MB. Both of these changes were supposed to increase capacity.
Do you take the road less traveled?
Segwit was implemented by late August via “soft fork”, which means that nodes on the network who don’t update their software are still okay, because soft forks are backwards-compatible. New features added in the fork still support all the old features in the previous software version. The fork that was coming next week and is now supposedly canceled was to be a “hard fork”, which means software prior to the fork would no longer be compatible with the changes made, in this case increasing the block size to two megabytes. In theory this should have doubled the headroom in the network, decreasing fees. However, the plans are now off, after multiple original signers of the “New York Agreement” have backed out. (more…)
After squabbling for years over how to fix the growing pains of the world’s first decentralized cryptocurrency, one of the sides in the ongoing Bitcoin Geek War has finally made a bold move. This week, on August 1st, a small number of the “big blockers” performed a “hard fork” and broke away from the main Bitcoin blockchain, creating a new currency, “Bitcoin Cash“. This had the added benefit of giving everyone who already held Bitcoin an equal amount of the new Bitcoin Cash! Ever heard the phrase, “there’s no such thing as a free lunch”? Bitcoin’s first fork into two has proven that statement wrong. Read on to learn more about this historic week in Bitcoin.
The blockchain is the distributed, decentralized ledger that contains every transaction that has ever occurred on the Bitcoin network. It’s approximately 150 GB in size. Since the hard fork, there are now two “Bitcoin” blockchains competing for market dominance. Both of them have the exact same transactions from the beginning of Bitcoin nearly a decade ago, running until August 1st, 2017, when at just after 2pm Eastern time the first “Bitcoin Cash” block was mined into existence, at greater than 1 MB – in fact, its size was about 4 MB.
Since the original Bitcoin blockchain has a 1 MB limit per block, it was at this point that the one blockchain became two. The supermajority of miners are still mining the original Bitcoin chain, let’s call it “Bitcoin Core” or BTC. However, a small portion of miners have joined the mining of the new “Bitcoin Cash” or BCH. If you thought Bitcoin Core’s growing pains were challenging, take a look at how Bitcoin Cash had to start:
Bitcoin mining doesn’t actually look like this.
In Bitcoin, there’s a thing called mining difficulty that is basically designed to increase as more people enter mining and compete to discover scarce Bitcoins. However, should people leave the mining game, the difficulty will decrease. In BCH’s case, when they started their fork, their network was at the same difficulty level as BTC, but with a fraction of the total mining power. That’s why it took six hours for the BCH miners to find their first block! Normally Bitcoin blocks are expected to be found every ten minutes. So, this means BCH transactions were, in the beginning, taking hours to confirm! They are as of this writing, still taking longer than BTC transactions.
Worse still, no one who wanted to sell their newfound BCH was easily able to do so for at least the first couple days of its existence. Due to concerns about certain technical attacks that are possible in the time after a fork, cryptocurrency exchanges were extra cautious before allowing BCH deposits to trading accounts. However, while they weren’t allowing people to deposit BCH, they WERE allowing them to trade it. Huh? How can one trade something on an exchange to which one can’t deposit? Remember, after the fork, the people with BTC in their exchange accounts were given a balance of the same amount of BCH. (Except at the Bitfinex exchange, who screwed over their customers.) So, since trading was happening but no one could deposit, the price of the new BCH trended upward, even reaching as high as $800-$1,000 on some exchanges. (more…)
