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| January 22, 2019

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CNN

The Brexit questions that make your head spin

January 12, 2019 |

As the first country to attempt a break from the European Union, the UK’s divorce from the bloc was always going to be a messy affair.
CNN.com – RSS Channel – World

Catholic Church Questions Surprise Congo Vote Results

January 11, 2019 |

The Democratic Republic of Congo’s powerful Catholic Church denounced the official vote tally on Thursday, stepping into a dispute that threatens the possibility of the country’s first democratic transfer of power since independence.
WSJ.com: What’s News Europe

Gatwick Incident Raises Questions Over Race to Commercialize Drones

December 23, 2018 |

The quick development of pilotless aircraft has captivated throngs of industry executives with its possibilities, promising services like drone-based package delivery, rescue drones and drone taxi services. But that promise has been overshadowed at times by incidents like the one this week at Gatwick Airport.
WSJ.com: US Business

Chatter Report: Voorhees Questions ‘Smart Money’, Sechet Explains ‘Miners Don’t Vote’ Declaration

December 14, 2018 |

Voorhees Questions Crypto VC ‘Smart Money’, Sechet Explains Pacia’s 'Miners Don’t Vote’ Declaration

In today’s Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also, Steve Patterson calls out Amaury Sechet over Chris Pacia’s comment that miners don’t vote. Lastly, imaginary_username contemplates on the different roles of miners and users in Bitcoin. 

Also read: BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol

Crypto Venture Capital Firms Renege on Term Sheets

Founder of Digital Currency Group Barry Silbert revealed on Twitter recently that Venture Capital firms that invest in cryptocurrency-related startups have been reneging on their signed term sheet deals.

Silbert later pointed out in the comments that most large deals were unaffected by this phenomenon. However, it’s the smaller deals like the seed, series A and series B rounds that are being reneged.

Bad Call?

The decision of VC firms to pull out of their investment deals drew sharp criticism from the CEO of Shapeshift, Erik Voorhees. Voorhees was quick to point out that the VCs seemed to be the antithesis of “smart money”.

Voorhees did not hold back on criticism and even compared the investment decisions of the VCs to an average Joe who FOMOed into buying a Tron right before the price dumped.

Whitepaper Sacrilege?

Bitcoin pundit Steve Patterson called out the BCH community over Openbazaar developer Chris Pacia’s statement that miners don’t vote. Patterson saw this as a huge deviation away from Satoshi Nakamoto’s statement in the whitepaper that “[Miners] vote with their CPU power“.

Lead developer of Bitcoin ABC Amaury Sechet fired back, arguing that miners “enforce rules” and gave the analogue that miners vote as much as Walmart votes on the products on its shelves.

Existential Thoughts on Roles in Bitcoin

The conversation then took a slight detour as crypto Twitter began contemplating the role of miners and users in the Bitcoin ecosystem. BCH pundit imaginary_username jumped into the discussion to quote Pirate Party Founder Rick Falkvinge and explained “everyone is free to do anything, and you may not tell others what to do” in Bitcoin.

Imaginary_username then elaborated on the idea of all parties being free and explained that exchanges, businesses, customers and investors all do as they please. This is because miners are unable to coerce users with guns and threats of violence the way politicians enforce rules against their own citizens in a democracy.

What do you think of venture capital firms reneging on their signed term sheet deals? What about the roles of miners and users in Bitcoin? Let us know in the comments below.


Images courtesy of Shutterstock.


Bitcoin.com’s own store features a wide range of interesting Bitcoin-related products. Looking for a hardware wallet? We got ‘em. Want a good-looking t-shirt? It’s there. Want to gift a nice Bitcoin tea cup? Go shopping.

The post Chatter Report: Voorhees Questions ‘Smart Money’, Sechet Explains ‘Miners Don’t Vote’ Declaration appeared first on Bitcoin News.

Bitcoin News

Google Trends Reveals One of the Top Questions of 2018 — ‘What Is Bitcoin?’

December 13, 2018 |

Google Trends Data Reveals One of the Top Questions of 2018 — What Is Bitcoin?

Google has just published its annual Year in Search query statistics for 2018 and the biggest question of last year was “What is Bitcoin?” According to Google Trends, searches for the term “Bitcoin” have declined rapidly since 2017, but web users querying its definition led internet searches last year.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

2018’s Most Asked Question of the Year What Is Bitcoin?

In 2017, one of the biggest terms searched on Google was “Bitcoin” as the price rose significantly throughout the whole year. However, following all-time highs, bitcoin prices declined exponentially in 2018, losing roughly 80 percent of the gains captured up until Dec. 17, 2017. With the price decline in 2018, interest in the technology also lost momentum, as reflected in waning “Bitcoin” Google searches. There was one cryptocurrency related query that topped Google’s Year in Search results for 2018 however and that was: “What is Bitcoin?”

Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'
Top trending U.K. (left) and U.S. (right) “What is…?” queries in 2018.

In more populated regions like the U.K. and the U.S., people pondering the definition of Bitcoin has outpaced questions about the GDPR, Ibex, government shutdowns, upskirting, and the video game Fortnite. Asking what bitcoin is was questioned the most in Nigeria, Ghana, South Africa, Australia, and the U.S. People also asked what Ethereum is and searched for information on Bitcoin forks as well in the related queries section. Other related topics include the “stock market,” “exchange-traded funds (ETF),” and cryptocurrency “debit cards.”

Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'
Where “What is Bitcoin?” was asked the most.

Cryptocurrency Apps Are Still Trending

Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'
Squre’s bitcoin Cash App was the 17th most popular free app in 2018.

Search for “What is Bitcoin?”, at least in the U.S, and the browser provides a definition of the technology. “[Bitcoin] is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank,” explains the search engine. This definition is followed by a slew of Bitcoin-related Youtube video explainers, pictures of the digital currency’s symbol, and a wide variety of editorials that detail what Bitcoin actually is and what it means to certain authors.   

These days people love to see data that stems from Google trends and other large corporations like Apple. The California tech giant Apple recently released its 2018 top app store applications and a platform that supports bitcoin, called the Cash App, was the 17th most popular free iPhone application. This week, the Cash App, developed by Square, also surpassed top payment platforms like Paypal on Apple’s app store. The Coinbase application has been a top cryptocurrency app as well multiple times in 2018. Many cryptocurrency platforms are also still capturing the top trending apps on the Google Play store.

Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'
A chart of the question’s queries over the last five years. “What is Bitcoin?” was the most popular Google “What is…” search in 2018.

Individuals Between 35-44 Have the Hardest Time Understanding Bitcoin

Google’s Year in Search statistics which highlighted Bitcoin evoke the audience intelligence report done by Pulsar back in March 2018. Over a certain period of time, Pulsar’s comprehensive study analyzed five million cryptocurrency mentions across popular social media channels. The underlying message within Pulsar’s survey indicated that mainstream audiences still are asking “What is bitcoin?” Furthermore, the research report says this question is asked by audiences of all age groups but people aged 35-44 have a particularly hard time understanding the technology.

So even though cryptocurrency markets have lost considerable value, the most popular 2018 search on Google pertaining to Bitcoin can at least give proponents confidence that the technology is still grasping the world’s attention.

What do you think about the question “What is Bitcoin?” topping Google’s 2018 Year in Search trends? Do you think this is a meaningful metric? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Google Browser, Google Trends, 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 Google Trends Reveals One of the Top Questions of 2018 — ‘What Is Bitcoin?’ appeared first on Bitcoin News.

Bitcoin News

Case Raises Questions About Killing of Michael Jordan’s Dad

December 6, 2018 |

The 1993 murder jolted not just the sports world but the nation: James Jordan, the father of NBA phenom Michael Jordan, was fatally shot and dumped in a South Carolina swamp. Two teens, Larry Demery and Daniel Green, were convicted and are serving life sentences. Green, however, is now asking…
Newser

Flynn sentencing memo leaves Trump-Russia collusion questions unanswered

December 6, 2018 |

The sentencing memo for former Trump National Security Adviser Michael Flynn doesn’t tell us if Flynn provided any information that would show collusion between the Trump campaign and Russia to influence the 2016 presidential election.
FOX News

CNN

Your questions about the tear gas and tensions at the border, answered

November 27, 2018 |

Migrants rushed the border, US authorities fired tear gas and a volatile situation that had been simmering for weeks boiled over. Here’s what we know about what unfolded and what could happen next.
CNN.com – RSS Channel – Regions – Americas

Trump Writes Answers to Mueller’s Questions

November 16, 2018 |

“You always have to be careful answering questions for people who have bad intentions,” President Trump said Friday as he told reporters that he has finished drafting answers to questions from special counsel Robert Mueller, who is investigating Russian interference in the 2016 election and any possible involvement Trump’s campaign…
Newser

CNN

Trump questions Saudi account of journalist’s death

October 21, 2018 |

An increasingly vocal chorus of international voices is questioning the Saudi version of events that led to the death of prominent journalist Jamal Khashoggi in his country’s consulate in Istanbul almost three weeks ago.
CNN.com – RSS Channel – World