Tuesday, 28 November 2017

IOTA Officially Partners With Microsoft and Fujitsu

If any of you have been following this blog for a little while you will know that I absolutely love and believe in IOTA and have been posting many articles and news on the currency. Well today we have seen a massive 30% price increase which is continuing as I type this because IOTA has released possibly some of the biggest news to come into crypto

They have officially partnered with Microsoft (YES MICROSOFT) and Fujitsu to lauch cryptocurrency market for the internet of things. So like me you probably went wow thats great news but what the hell does that mean, well.. The initiative, which will allow stakeholders to share and monetize their data in a secure way, aims to demonstrate a proof of concept for a tamper-proof data marketplace. Once uploaded to IOTA’s decentralized ledger, all data is distributed to countless nodes in order to ensure immutability.

Also the above was tweeted which confirmed Fujitsu being included with the partnership and this sent everyone into meltdown within the IOTA community. The big difference with IOTA is it does not use the conventional blockchain technology, it is run on the "tangle" which is not easy to describe but you can see a good visualization demo here for it

IOTA is currently sitting 9th on coinmarket cap with a market cap of $2.95 billion, if you wish to buy some IOTA check out our blog post on where to buy here

You can checkout the marketplace https://data.iota.org/

Friday, 24 November 2017

How To Claim Your Bitcoin Gold BTG

I have been waiting and waiting to claim my Bitcoin Gold, I have been very sceptical with it all to say the least but I have finally claimed it and I believe it is the safest way. This guide will be written with using Bitcoin Core so if you use another wallet this method may not be perfect for you but if you control your private key it should be very similar

First things first create another wallet with Bitcoin core making sure you back up the new wallet.dat and the old wallet.dat. Move your funds into your new wallet, this is now your safe wallet that you will keep using. Your old wallet.dat will be the one that has the Bitcoin Gold, this is the one we are going to extract the keys from

Click more to continue

Saturday, 18 November 2017

Coin Market Cap One Year Ago Today

Interesting to look at a snapshot of the top ten coins this time last year and how different the price is on almost all these coins. Obviously the big stand out is Bitcoin which at the time was trading at $747 and at the time of writing it is now $7726 which when you look at it like that is an absolutely insane increase. As always every year I look at things like this and always think to myself should of bought more! Don't we all!

So if we look at the top ten from coin market cap today it is very different but a couple of the key performers are still in there. Three mentions of big climbers have to be the rise of Bitcoin Cash, Iota and Neo. Also worth a mention the price of Ethereum in the top picture standing at $0.53 and today sits at $334 which again in the space of a year is a huge increase!

Wednesday, 8 November 2017

Segwit 2x Cancelled

Once again Bitcoin is the winner, as of today the upcoming fork into Segwit2x has been cancelled with the below statement. This is massively good news, as we speak altcoins are going absolutely nuts which is good for all of us that invested when they were on a red bloodbath. So happy to be reading the Sexwit2x news as to takes away the unknown that was coming with the fork which potential could of harmed Bitcoin.

Another win for Bitcoin

The Segwit2x effort began in May with a simple purpose: to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase. Our goal has always been a smooth upgrade for Bitcoin. Although we
strongly believe in the need for a larger blocksize, there is something we
believe is even more important: keeping the community together.
Unfortunately, it is clear that we have not built sufficient consensus for
a clean blocksize upgrade at this time. Continuing on the current path
could divide the community and be a setback to Bitcoin’s growth. This was
never the goal of Segwit2x. As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade. We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide. Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees -- *Mike Belshe*
*CEO, BitGo, Inc*

Saturday, 4 November 2017

My Thoughts On The Upcoming Fork

Copied from my facebook post

Getting very concerned with some of these posts I am reading across many groups to do with Segwit 2X
I have been researching as much as possible but I am unable to find a definitive answer to what we think is going to happen. This could possibly be the biggest event in Bitcoins life so far. Lots have people have been taking their Bitcoins and selling for either USDT or LTC or BCH, this shocks me and again I am struggling to understand it. I understand they want to keep the currency they have safe and since B2X is a complete unknown it could possibly be the safest bet, BUT to my knowledge those that hold BTC in most exchanges or hold the private key will get an equal amount of Segwit 2x.
So why the need to sell up? From what I have read majority of people are worried of a 51% attack happening through Segwit 2X which could possible bring BTC to its knees.
Me personally, I will hold my Bitcoin just like I have done through the China news, I do not see BTC going anywhere. Yes the technology of Bitcoin is not perfect for transactions but I believe people are past that.
We will have to wait and see, the best advice I can give is do YOUR own research about the upcoming fork. Don't trust people on Facebook or Reddit do YOUR research and have YOUR opinion on what you want to do.
By all means if you find out anything interesting or any interesting links do post them in the comments. I am still carrying out my research and what I have posted is just the conclusion I am at so far