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Make room Charlie Sheen, ’cause there may be another high-profile guest making an appearance on ‘Real Housewives’ … Teddi Jo Mellencamp’s future stepmom, Meg Ryan! We got Teddi, Lisa Rinna and Kyle Richards Friday at LAX. Their reaction…
The Federal Trade Commission announced Thursday that it’s looking to shut down the “largest overseas real estate investment scam” it has ever encountered: an unfinished luxury development in Belize whose owners, the agency said, bilked people out of more than $ 100 million.
The scheme’s perpetrators…
On Oct. 25, an individual posted a live stream on the Twitch Interactive video platform to show the world how Bitcoin Cash (BCH) proponents can instantly feed his chickens online using zero-confirmation transactions. Since the stream kicked off, people have processed over $ 300 worth of BCH transactions to feed the fowl.
Feeding Chickens With Bitcoin Cash
The peer-to-peer cryptocurrency bitcoin cash is being used to feed chickens in an unusual manner. Just recently, BCH enthusiast Spencer Lambert told the public how they can feed his chickens using BCH and watch them get fed in real time on a Twitch live stream channel. To feed Lambert’s chickens, users simply need to send $ 0.50 worth of BCH to the coop’s address. After the money is sent, a cryptocurrency-powered dispenser flips a switch and pours out mealworms. According to Lambert, the “24/7 stream of our wonderful chicken life” uses the Handcash application coupled with an Iozeta-manufactured, cryptocurrency-enabled touchless candy machine.
On the payment side, users simply send $ 0.50 of BCH with the Handcash.io handle “$ CHICKEN” to start the power outlet. The Handcash wallet uses a name system, otherwise known as a “handle,” to make payments easier than using long alphanumeric BCH addresses. The process also utilizes zero-confirmation transactions, so once a transaction is broadcast, the mealworms are almost instantly dispensed. Lambert explained that the payments “take place in a fraction of a second, more or less instant.” He said he put up the money for the operation, adding that “mealworms don’t come cheap.”
Iozeta Touchless Dispenser
Lambert’s system uses an Iozeta touchless candy machine to dispense the chicken feed. Basically, users pay the QR code and the machine flips a switch to dispense candy, mealworms or anything else that will fit through the chute. The machine accepts bitcoin cash, litecoin, dash, and ravencoin, but Iozeta also manufactures a cryptocurrency power adapter. Paul Lambert, one of Iozeta’s co-founders, has explained how the candy dispenser works on Youtube:
Once the Cryptocandy candy dispenser detects a new payment to the cryptocurrency address you specify, it activates the ‘payment received’ light and the motion sensor, allowing for candy to be dispensed. When the customer has received the candy, the
motion sensor is again turned off.
BCH proponents have commended Lambert’s BCH-powered chicken feeding system on social media forums such as Twitter and Reddit. Many well-known cryptocurrency enthusiasts have also tested the system, including Coinbase CEO Brian Armstrong.
This is pretty great – i just fed some chickens with crypto https://t.co/io9S33WpNo
— Brian Armstrong (@brian_armstrong) November 4, 2018
Moreover, Unwriter has created an application called Memochicken, which the prolific BCH developer has described as a “fun but internally highly sophisticated” bitcoin app with a full event-driven architecture.
“(Post) a memo with Money Button, and pick up the real-time transaction event through Bitsocket, which then queries the Handcash handle $ chicken for the receiving address, which then queries Coinbase price API for the currency exchange rate for $ 0.50 in BCH, and then finally send the chickens $ 0.50 in BCH, which triggers the already-so-cool chicken feeding Twitch stream by Spencer Lambert,” Unwriter explained after releasing the Memochicken application.
Lambert’s Twitch live stream and poultry feeding system can be seen here. The chicken’s first breakfast feeding begins at 9:20 a.m. EDT every day.
What do you think about Lambert’s BCH-powered chicken coop? Let us know what you think about this subject in the comments section below.
Images via Shutterstock, Twitch, Spencer Lambert, Iozeta, and Twitter.
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The post This Chicken Coop Feeder Is Powered by Bitcoin Cash Payments in Real Time appeared first on Bitcoin News.
Paid protesters? They’re real — and a Beverly Hills firm that hires them stands accused of extortion in a lawsuitOctober 21, 2018 | dailybusinessnews
Paid protesters are a real thing.
Crowds on Demand, a Beverly Hills firm that’s an outspoken player in the business of hiring protesters, boasts on its website that it provides its clients with “protests, rallies, flash-mobs, paparazzi events and other inventive PR stunts.… We provide everything…
Well-known American hacker George Hotz, also known as Geohot, has been talking extensively about cryptocurrencies lately, and more specifically about bitcoin cash. On Wednesday, Oct. 17, Hotz published a cryptocurrency programming video using bitcoin cash and showed people how to send a BCH transaction from scratch using the Python programming language.
Geohot Hacks With Bitcoin Cash
Popular entrepreneur and hacker George Hotz, aka Geohot, has a reputation for being the first person to unlock the Iphone and jailbreak the iOS software back in 2007. The programmer is also known for his relationship with Elon Musk, which he claims Musk offered him millions to create a better autonomous vehicle system than the current Tesla Mobileye solution. Recently, he attended the BCH Devcon in San Francisco and was interviewed by BCH Youtuber Hayden Otto. Following the event, on Wednesday, Hotz showed people how to generate a BCH private key from scratch using Python.
While most of the five-hour video shows Hotz coding and explaining what he was doing, the programmer emphasized how he would not be talking much about cryptocurrency politics.
“I know we’re doing crypto things today but we’re not going to talk about the politics of crypto — Because politics is for losers,” Hotz explained to the viewers. Before getting started, he also explained how he learned a few things at the BCH Devcon the prior week. “Transaction fees are super low on bitcoin cash,” the hacker detailed before starting the key generation process.
[I’m] Using bitcoin cash because it’s the real bitcoin.
“Lightning Network Too Complicated in a ‘Won’t Work’ Kind of Way”
During his interview at the BCH Devcon, Hotz also talked about the Lightning Network and the Ethereum network’s dapp projects. The programmer said he likes cryptocurrency technology and reads Ethereum code for pleasure. However, Hotz detailed that the Ethereum network is a “bug bounty” because he believes smart contracts open the doors to malicious hackers getting paid without breaking laws.
Hotz further stated that he was irritated with paying high network fees on the BTC network last year. As far as the Lightning Network is concerned, he explained the system is too complicated in a fashion that probably “won’t work.” Bitcoin Cash proponents on forums and social media enjoyed learning Hotz’s opinion about the Bitcoin scaling debate and his informative Python lesson using the protocol’s code.
What do you think of George Hotz (Geohot) and his opinion about the Bitcoin Cash protocol and the Lightning Network? Let us know what you think about this subject in the comments section below.
Images via Pixabay and Youtube.
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The post Infamous Hacker George Hotz Calls Bitcoin Cash the ‘Real Bitcoin’ appeared first on Bitcoin News.
The husband of Real Housewives of New Jersey star Teresa Giudice will be deported back to Italy once he’s released from prison next year, according to a judge’s ruling Wednesday. Giuseppe “Joe” Giudice appeared before an immigration court in York, Penn., via teleconference, the AP reports. He has 30 days…
Brett Kavanaugh was sworn in as the 114th Supreme Court justice on Saturday Night, and Saturday Night Live wasted little time in kicking off its latest episode with an imagined celebration of the Senate Republicans (and Democrat) who put him on the bench, reports the Washington Post . As Heidi Gardner’s…
When the bluff-top mansion at the end of Malibu’s Sweetwater Mesa Road sold for more than $ 30 million in 2016, it looked like the end of a years-long intrigue involving the playboy son of the president of an oil-rich African nation.
Instead, the sale and a quick flip of the property for nearly…
A Tokyo Stock Exchange-listed company has built a cryptocurrency settlement platform for real estate transactions. The firm has tested the platform using BTC and smart contracts for property sales and has released its findings; many benefits were observed over the traditional method.
BTC and Smart Contracts in Real Estate
Japanese real estate company Ruden Holdings (TYO:1400) recently announced the results of an experiment using its newly-created “virtual currency real estate settlement platform.”
The company explained that the trial, which involved BTC and smart contracts, was conducted in collaboration with Blockchain Global Limited (BGL). The two companies partnered in April to develop the settlement system and a “virtual registration data inquiry system,” Ruden detailed, adding:
For the settlement of bitcoins (BTC) used in the property sale, Bitflyer’s web service and API functions were used.
Some parts of the system, such as time stamping of the contract, used the NEM test network, the company added. Bitflyer is Japan’s largest crypto exchange by volume. However, the exchange halted registering new users after receiving a business improvement order from the country’s financial regulator in June.
The experiment began with a seller listing a property to sell and a buyer looking for one to buy. The buyer then filled out an offer to purchase the property, which the seller confirmed.
“The buyer then sent the virtual currency (bitcoin) to the Ruden company’s virtual currency account,” the company described, elaborating:
As soon as Ruden (system) confirms the remittance of the virtual currency, we will execute the contract and [convert the] virtual currency to Japanese yen. In addition, a notarized sale [and] purchase agreement is promptly shared with [the] buyer and seller.
Other forms including the property registration application and requests to acquire other necessary documents are also automatically sent in order to execute the sale of the property.
Many Advantages Over Traditional Systems
Ruden then outlined many advantages it observed from the experiment.
For buyers and sellers, the company explained that using smart contracts and crypto payments makes it “possible to drastically shorten the time required” to perform each step of the process, including depositing money.
“Smart contracts eliminate the need for manual work and conditions,” the company detailed, adding that “the time to negotiate and conclude can be shortened compared to the current work.” Furthermore, the system also reduces “trouble such as refusal” to hand over the property after payment has been made.
Overall, Ruden emphasized:
It is not only to improve the efficiency of operations, but also to prevent unforeseen circumstances.
In addition to building the two systems above, the company announced last week the establishment of an overseas subsidiary in Singapore for the issuance of its own token.
What do you think of using BTC and smart contracts in real estate transactions? Let us know in the comments section below.
Images courtesy of Shutterstock and Ruden Holdings.
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The post Japanese Company Trials BTC and Smart Contracts in Real Estate Transactions appeared first on Bitcoin News.