Peter Todd, a Bitcoin core developer has outlined his view that more regulation on all levels is on the way for the digital currency sector; Stellar adopts SCP protocol proposed by a Stanford professor; Gavin Andresen has called ex-Bitcoin Foundation board members Shrem and Karpeles a “black eye” for the organization, and other top stories for April 16. Peter Todd expects greater, and more in depth, government regulation of Bitcoin Bitcoin core developer Peter Todd warns that he expects increasing governmental regulation within the digital currency sector, not only at the level of exchanges and services, but possibly also within …
With the promise of the moon for its users without the need to purchase expensive mining equipment, the cloudmining industry has been experiencing its ups, and recently, its downs. While the ostensible scams and pyramid schemes in the cryptocurrency space are damaging and ultimately bad for Bitcoin, the concept of mining “in the cloud” can be beneficial to the long-term growth of the ecosystem. What is Cloudmining? Put simply, cloudmining is when you buy processing power that is generated at remote data centers. Many users have opted to mine “remotely” in this way since it offers no additional electricity costs, …
In a November 6 interview in Dublin, Ireland, recorded at this year’s Web Summit, Gavin Andresen called Bitcoin “shady.” He was speaking of Bitcoin in the past, and said, “We’re quickly evolving to something that is much more mainstream, much more accepted, much easier to use.” Speaking with the Wall Street Journal’s Lisa Fleisher, he talked about the future — of Bitcoin, mining, money, regulation and the world. “The biggest misconception is still that Bitcoin is some deep, dark, mysterious thing for illicit markets. . . . We’ve evolved past that and we see huge companies like Dell Computer accepting …
Last Thursday, Kyle Torpey at CryptoCoinsNews reported on a quote from Bitcoin developer Gavin Andresen that went largely unnoticed. In response to a Reddit post asking whether cloud mining contracts make sense, Andresen wrote the following: “No, they make no sense. I suspect many of them will turn out to be Ponzi schemes.” Then on Monday, six days later, Andresen posted the following on a Bitcointalk.org forum post about GAWMiners: “I don't know nuthin about ‘cloud mining’ — so I've got a dumb question. “How do you know that when you send money to a cloud mining place they are …