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One of the longest-serving justices in Supreme Court history thinks it would be a mistake to put Brett Kavanaugh on the court. John Paul Stevens, a Republican who served on the court from 1975 to 2010, told a gathering in Florida on Thursday that he had changed his mind about…
Auto provisions were a major U.S. focus in revamping NAFTA, but analysts say the changes will have modest impactOctober 3, 2018 | dailybusinessnews
Negotiators from the U.S. focused much of their effort in reworking the North American Free Trade Agreement on provisions affecting auto manufacturing, touting the final deal with Canada and Mexico as a boon to domestic carmakers and their employees.
“Once approved, this will be a new dawn for…
See how one girl from CNN Hero Abisoye Ajayi-Akinfolarin’s program is using technology to solve a problem in her community—a ‘floating slum’—in Lagos, Nigeria.
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Nearly three years since U.S. authorities charged Volkswagen for cheating on emissions tests, VW is only starting to implement changes needed to prevent another scandal, according to a report.
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The White House flag had a more tumultuous start to the week than typical, having been lowered to half-staff on Saturday in the wake of Sen. John McCain’s death then raised back up on Monday in keeping with the US flag code but to an outcry from the media and…
Movie subscription service MoviePass has announced that users will only get to choose from a limited number of films on any given day, CNN reports. The restrictions follow the unveiling of a new plan that will limit the number of movies a subscriber can see to three a month. Previously,…
In an about-face, US Rep. Chris Collins is ending his re-election bid days after the Republican was charged with insider trading. Collins released a statement Saturday morning saying he will suspend his campaign and fill out the rest of his term, the AP reports. Collins was indicted Wednesday on charges…
On August 8, the Bitcoin ABC development team published an announcement regarding the November hard fork changes with plans to finish the latest codebase by August 15. The proposal falls in line with the ABC developer’s upgrade timeline and contains about five different changes that will soon be ready for testing.
Bitcoin ABC Publishes Plans and Consensus Changes for the Upcoming BCH November Upgrade
The Bitcoin Cash community has plans to upgrade the network once again with consensus changes this November. Just recently, news.Bitcoin.com reported on Bitcoin ABC developers announcing they will be releasing new code on August 15th for testing. On August 8, the ABC development team revealed the changes they plan to add to the 0.18.0 codebase that includes about five new features. The ABC developers say there’s only one week left before the official code-completion date and they want to remind and update the BCH community with the latest developments.
The new changes that have been completed and will undergo testing on August 15 include:
- Canonical transaction ordering (more info here)
- Enforcement of minimum transaction size of 100 bytes to prevent attacks on the Merkle tree (more info)
- Activation code and implementation for OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY (more info)
- Make push-only mandatory for scriptsig (more info)
Another change that is currently still in progress, but expected to be ready by next week, is a modified fee structure which would allow a significant decrease in transaction fees. ABC programmers explain that a modified fee structure is not necessarily a strict consensus change, but nevertheless will be included in the 0.18.0 version. In addition to the announcement, the team also published two specifications for the overall hard fork, and for OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY.
Craig Wright: ‘If a Certain Developer Wants This, Then We Will Fund Replacement Developers’
Of course, the announcement from Bitcoin ABC sparked a bunch of controversy due to certain additions within the code changes — most notably the activation of OP_CHECKDATASIGVERIFY (CDSV). Adding the change could allow developers to create binary contracts using the BCH chain, and Bitcoin Unlimited’s lead developer Andrew Stone has been researching and working on implementing the opcode in order to make bitcoin scripting applications more versatile.
One of the most vocal individuals against adding the CDSV opcode is Nchain’s chief scientist, Craig Wright, who spoke out in opposition against the opcode addition right away. Wright explains to his Twitter followers that the opcode is not going to happen, while tagging Coinngeek’s Calvin Ayre and Viabtc’s Haipo Yang in the post as well.
“OP_CHECKDATASIGVERIFY is not happening — If a certain ABC developer wants to push this, then we will just fund replacement developers — Trust me — There are others,” Wright explains after the Bitcoin ABC code announcement.
Miners vote — Think we are not serious. Watch the Axe fall.
There’s been some opposition to Wright’s objection as he already had been arguing with developers about ideas like pre-consensus. When Wright spoke out against pre-consensus, Coingeek’s Calvin Ayre took his side and announced a day later that Coingeek would not participate in any “risky” protocol changes. Coingeek’s mining pool commands a hashrate of around 21 percent of the network over the last seven days. On Thursday, Nchain’s Wright says to his Twitter followers that just like the Nchain team, his friend Calvin Ayre will not allow developers to treat Bitcoin like a toy.
“And like us, Calvin Ayre will not settle for a devs plaything,” Wright emphasizes.
The original base protocol — No experiments — Unlimited unbounded scale.
Will Bitcoin Cash Miners Weigh in on the CDSV Opcode Subject?
Of course, many trolls from the core camp have been trying to use the infighting to cause disruption among the BCH community. Bitcoin XT’s lead developer Tom Harding notes this observation on Thursday saying, “Underway: obvious campaign to sow discord among BCH supporters — Sorry trolls, Bitcoin is Byzantine fault tolerant.” So far there’s been a lot of debate about this subject, but at least BCH supporters know that the subjects are being discussed, rather than one side of the discussion being purposely suppressed by so-called ‘thought leaders’ and forum administrators.
So far there hasn’t been an official response from Coingeek like the one shared the other day concerning pre-consensus changes. Moreover, Calvin Ayre has not said anything yet in regard to the CDSV opcode subject on Twitter, so people will be waiting to hear him weigh in on the CDSV topic. Viabtc’s Haipo Yang made an interesting statement on Twitter following the heated debate on Friday and said:
We need to stop the regular hard fork of Bitcoin Cash. We need stable Bitcoin protocol specification, we need multiple implementations — There should not be dev decide but miner vote.
However, other miners have not made any statements for or against the idea of implementing CDSV. Wright says he cares deeply about the project and people better not get in his way when it comes to protecting the original Bitcoin protocol.
“I care about making bitcoin THE global currency,” Wright details this Friday.
The original Bitcoin protocol — Not a social experiment. If you get in my way… Watch the juggernaut roll!
What do you think about the consensus changes Bitcoin ABC has proposed? What do you think about Nchain’s Craig Wright weighing in on the subject? Let us know what you think about this topic in the comment section below.
Images via Shutterstock, Bitcoin ABC logo, and Pixabay.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post The Opposition Towards Bitcoin ABC’s Proposed Upgrade Changes appeared first on Bitcoin News.
It takes about two months for the public sentiment to adjust to new trends in the cryptocurrency markets. That’s according to a recently published report whose authors have examined the changes in the opinions of thousands of active followers of crypto markets over a period of nine months. They found that the collective mood can be bullish long after a downward trend has started.
Optimistic Mood Persists Despite Decline in Prices
Investors, traders and market watchers need two months to adjust to new long-term trends in the cryptocurrency markets, a study conducted by the fintech company Cindicator has revealed. For example, one of the key findings is that in January and February of this year the collective mood was still bullish and most participants were forecasting growth, despite a clear downward trend. Sentiments changed in March after the total capitalization had already fallen below $ 300 billion during the previous month.
The “Collective Crypto Mood Swings” report is based on data from over 111,000 users of Cindicator’s mobile and web applications that allow them to make daily forecasts about a range of digital and traditional assets. They are asked almost 200 questions every month about the likelihood of certain events and are granted points for correct predictions but lose points in case of incorrect answers. At the end of each month, the “analysts” are rewarded in ETH if they have earned at least 1 point. The survey covers the nine-month period between September 2017 and May 2018.
The company also claims that 5,000 traders and investors are using indicators created by combining collective forecasts based on the opinions of these subscribers who come from more than 135 countries and are active followers of crypto markets from different age groups and backgrounds. Their inputs are enhanced by AI using machine learning algorithms and a neural network to produce predictions with high accuracy.
According to the authors, the expectations regarding crypto markets change similarly to those about other asset classes. It took investors 60 to 100 days on average to adapt to a new long-term trend in the markets of the different assets they were asked about. The researchers also found that the higher volatility leads to greater mood swings. They’ve provided an example with ethereum, noting the strongly polarized public view of the cryptocurrency in March when the price of ETH in US dollars dropped by more than 50%.
Bullish on BTC and ETH Months After the Peak
Cindicator reports that in the studied period the median opinions remained positive for both bitcoin core (BTC) and ethereum (ETH). More fluctuations were registered in the case of ethereum, while the median mood for bitcoin core remained consistent, despite the significant market ups and downs between September and May.
The analysis of the forecasts shows that the public was highly optimistic about the future of bitcoin (BTC) for two months after the leading cryptocurrency reached its peak of almost $ 20,000 in December, 2017. Then the distribution of opinions became more balanced in March, long after the four-month decline had started.
The situation with ethereum looks pretty similar. The polled subscribers were highly optimistic in February after the USD price of ETH peaked at $ 1,400 in January. In both cases, opinions were most positive during the months with the highest volatility: December, January and February. According to the report, this is likely due to expectations of mean reversion after the big drops.
The data for May, the last month covered in the study, shows that optimism for ethereum had returned to the levels recorded in February, while the mood about bitcoin core remained subtle as the price of BTC dropped to the low $ 7,000s. Ether markets were again volatile while the volatility of the bitcoin core markets dropped to its lowest level since September. Cindicator analysts have interpreted that as an indication of the new perceived norm – the range between $ 7,000 and $ 8,000.
What are your expectations about the future of crypto markets? Tell us in the comments section below.
Images courtesy of Shutterstock.
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The post Report: Mood About Crypto Markets Changes Two Months After Trends appeared first on Bitcoin News.
AT&T chief Randall Stephenson said his company won’t alter its plans for running Time Warner’s media assets despite a Justice Department appeal.
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