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| November 18, 2018

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Borderline Gunman Posted to Social Media During Attack

November 10, 2018 |

The man who authorities say shot to death 12 people at a California bar on Wednesday was posting to social media during the attack, according to NBC . TMZ reports that sources say that Ian Long, a 28-year-old former Marine who also died in the attack, had a gun in one…
Newser

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options

November 6, 2018 |

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options

Paraguay’s Itaipú Dam, one of the largest hydroelectric facilities in the world, is supporting bitcoin and ethereum mining in a city on the country’s border with Brazil and Argentina. These efforts have already spawned a number of new cryptocurrency businesses, creating multiple millionaires, but an ongoing reassessment of the dam’s developmental potential could spell boom or bye for the miners that have been flocking to the city.

Also Read: GMO Internet Sees Huge Leap in BCH Mining For October,

Cheap, Clean Power

Across Ciudad del Este, cheap and abundant electricity from the Itaipú Dam powers about 20,000 cryptocurrency mining rigs, with fortune-seekers converging on the city from other parts of Paraguay, as well as countries such as Brazil, China, Russia, Canada and the U.S. Development experts, however, think that the authorities should raise electricity prices and use the proceeds to tackle widespread poverty.

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options
Itaipu Dam

According to a recent Guardian feature, politicians and development experts are considering a number of alternative propositions, including redirecting exported electricity to domestic industries, renegotiating fairer prices with project partner Brazil, and tapping companies from Silicon Valley to manufacture with clean energy in Paraguay. It is expected that the proceeds would be sown back into social investment to address economic inequality and provide social welfare services for a population with skewed access to employment, healthcare, education and transport infrastructure.

However, the development narrative does not seem to be mutually exclusive with cryptocurrency mining. Paraguay, which generates more than 103 million megawatt-hours of electricity per year at the Itaipu Dam, can still take advantage of its status as the world’s biggest exporter of electricity and cash in as a go-to destination for BTC and ETH miners. Miners in the country pay between $ 0.03 and $ 0.05 per kilowatt-hour, or about one-third below the prices that they pay in Argentina.

Mining Mecca

Paraguay’s offer of clean and plentiful energy can make it a mecca for digital currency diggers, while securing sustained proceeds for the government, as interest in cryptocurrency only continues to grow. The South American country currently only uses 13 percent of its energy and exports a lot of the surplus to neighboring Brazil.

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options

Tech entrepreneur Gregorio Bareiro thinks Paraguay has more to gain by cutting down energy exports to Brazil and keeping more capacity at home to supply to the cryptocurrency-mining industry, according to the report. Bareiro is only one of a few locals that are capitalizing on the mining boom. He started out providing cryptocurrency investors with DIY cooling systems, but now rents out 750 computers to miners.

“Paraguay today is the only place where there’s abundant energy. We can become the center of global bitcoin mining,” Bareiro said, suggesting that catering to the mining industry could help the country to clear up its debts within a decade.

The best chance we have is not selling our energy to Brazil but investing in cryptocurrency.

Ultimately, Bitcoin mining must not be seen as a deviation from Paraguay’s developmental obligations, but as one of the more sustainable options available to meet them.

Should Paraguay prioritize cryptocurrency mining over the developmental use of its surplus electricity? Let us know what you think.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options appeared first on Bitcoin News.

Bitcoin News

Pittsburgh Shooting Puts Focus on Gab Social Site

October 29, 2018 |

The mass shooting at a Pittsburgh synagogue has put the spotlight on Gab, a social media site that calls itself a haven for free speech, but has attracted numerous white supremacists and others driven from sites like Facebook and Twitter by crackdowns on hate speech. Shooting suspect Robert Bowers was…
Newser

Developers Launch Bitcoin Cash Social Media App ‘Hivr’

October 24, 2018 |

Developers Launch a New Bitcoin Cash All-in-One Social Media App Called Hivr

On Monday, Oct. 22, a new Bitcoin Cash-powered social media application called Hivr launched in beta form. The platform, available for Android devices, features a wallet, native tipping, posting to a social news feed, instant messaging and more.

Also Read: Samsung Begins 7nm Chip Production

Hivr: A Bitcoin Cash Social Media Wallet

Developers Launch Bitcoin Cash Social Media App 'Hivr'Over the past few months, numerous developers have been building forums and social media platforms on top of the Bitcoin Cash (BCH) blockchain. Now a new project is attempting to test the social media waters with a splash of BCH on the side. Hivr is a social media application for Android devices that allows users to post, tip and chat with one another using a native instant messaging system.

The Hivr creators explained during the launch announcement that they understand there’s already a variety of platforms that allow media uploads on top of the BCH chain. However, most of them, like Memo.cash and Blockpress, support only a few features simultaneously like posting and tipping, and don’t offer services such as instant messaging. Additionally, most of the other media platforms also require a small fraction of BCH to create a post, but the Hivr model allows free posting.   

“Basically, we created Hivr because we wanted to combine all these amazing ideas within the Bitcoin Cash community into one well integrated, easy to use application,” explain the Hivr creators. “With Hivr, you can post any content you want for free, tip the posts you like, create group chats, and send each other tips right within the chat, all within one application.”

Developers Launch Bitcoin Cash Social Media App 'Hivr'

Creating a Profile and Testing a Few Posts

News.Bitcoin.com decided to test the beta platform after reading about Hivr on the blogging platform Yours.org. Hivr can be found on the Google Play store for Android devices and the developers have detailed an iOS version will be built when the Android release comes out of beta. So far, according to statistics, around 50 people have downloaded the Hivr application, which is 53MB in size.

When you open the Hivr platform, you’re greeted with a login screen where you can use existing login credentials or register a new name and password. Following the registration, the application asks you to pick a few tags of subjects that you’re interested in like bitcoin cash, news, and other topics. After that, the account is given a BCH wallet with a twelve-word mnemonic phrase so the user can backup the native Hivr wallet.

Developers Launch Bitcoin Cash Social Media App 'Hivr'
Registering only requires a username and password. Following the registration, users choose what types of interests they are into and are given a non-custodial bitcoin cash wallet.

The application is pretty easy to navigate and I quickly created a profile called ‘Posternut’ which took roughly two minutes. Much like the other BCH-based social media apps, Hivr does not have a ton of people posting yet but some people are definitely testing the application’s features. At the bottom of the screen, there is a small pencil icon that allows users to post content to their profiles and to the public feed similarly to Facebook.

After pressing the pencil, the user can post text, URLs, GIFs, videos, music or photos on the Hivr public feed. While testing out a text and URL-style post, it took a few minutes as the linked post started making the application glitchy, enough to force quit the application. The second URL post attempt was successful and, just like Twitter and Facebook, the article’s title and the cover photo is shown with the link.

Developers Launch Bitcoin Cash Social Media App 'Hivr'
Creating a profile for ‘Posternut’ and posting a text and URL-linked post on the Hivr application.

An All-in-One Social Media App – but Like All New Platforms Hivr Needs Users

Similar to other social media applications that offer instant messaging, the Hivr app has a messenger feature that allows you to connect with other Hivr users and also to create a group chat. Under each user’s post, there’s a small gift box that allows people to tip content and it also gives quick BCH tipping options in increments of $ 0.25, $ 0.50, $ 1.00, and $ 5.00. Hivr users can also ‘like’ posts, repost (similar to retweet), and comment each thread posted.

The application definitely could use some more participants because compared to Memo.cash and Blockpress, which has lesser action, Hivr is a ghost town. However, people should take into consideration that the platform is still in beta and it’s only been out for a day. The two aforementioned BCH apps also had issues with gathering participants earlier on. As far as traditional social media platform features, Hivr has managed to pack types of services into one application and not having to spend BCH for every post may entice people who are new to the cryptocurrency ecosystem.

What do you think about the Hivr social media wallet available for Android devices? Let us know what you think about this project in the comments section below.

Disclaimer: Bitcoin.com does not endorse this product/service. This application is in beta and not the official launch. Review editorials are intended for informational purposes only.  Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Hivr, and Jamie Redman. 


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 Developers Launch Bitcoin Cash Social Media App ‘Hivr’ appeared first on Bitcoin News.

Bitcoin News

CNN

The Chinese app taking the social media world by storm

October 20, 2018 |

Chinese social media apps have struggled to win over users beyond their home turf. TikTok is changing that.
CNN.com – RSS Channel – World

TMZ

Michael Buble Quits Social Media and Maybe Show Business as Well

October 13, 2018 |

Michael Buble has just revealed how devastating his son’s cancer diagnosis was … it has fundamentally altered his life to the point he may quit showbiz. Michael told the Daily Mail his upcoming album, “Love”, may be the last one he ever…

TMZ.com

The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social Media

October 13, 2018 |

Today’s installment of The Daily is about building more than bickering, though we’ll squeeze in a little of the latter before we sign off. First though, let’s start by considering the latest projects being proposed within the crypto space: a tokenized security platform and a social media network that doesn’t leak data.

Also read: South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

Nasdaq Plots Tokenized Security Platform

The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social MediaIt’s being reported that Nasdaq, the giant U.S. exchange operator, is plotting a new platform dedicated to tokenized securities. The move would enable projects to offer STOs in a regulated environment so as to accord to U.S. law. As popularity for ICOs has waned, exacerbated by fears that so-called utility tokens may in fact be unregistered securities, U.S. projects eyeing tokenization have been left with no choice but to go down the STO route. It’s believed that Nasdaq is in talks with blockchain firm Symbiont to create its own platform that would enable tokenized securities to be listed and traded.

Social Media Backlash Intensifies

The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social MediaThere’s been a storm brewing all year on social media, with wave after wave of censorship and data leaks hastening the exodus from Facebook and its ilk. Users intent on jumping ship have been left with a quandary though: where to go? We’ve reported on some of the Bitcoin Cash-based initiatives, as well as Twitter alternatives such as Gab and Mastodon. Blockstack has now launched a $ 1 million challenge to build decentralized social networks, writing: “Your data and privacy are being exploited and monetized by today’s social networks. It’s time for a change. We deserve the right to control our data.” They add:

It’s time for a new breed of social networks – where power is taken back from a single authority and control is returned to you, to me, to all of us. It’s time to decentralize social networks.

10 teams will be encouraged to devise social networks that don’t leak data. A similar venture was also launched recently by web inventor Sir Tim Berners-Lee. While these initiatives aren’t going to topple the social media giants any time soon, greater choice for pro-privacy consumers can only be a good thing.

Vitalik Buterin Sets the Record Straight

Ethereum Developers Advocate Anti-ASIC Fork and Hard Cap on SupplyEthereum’s Vitalik Buterin generally avoids wading into Twitter spats, but felt obliged to correct several of the inaccurate claims Nouriel Roubini made in the week of his similarly inaccurate U.S. Senate testimony. “Vitalik Buterin was the ringleader – together with Joe Lubin – of the criminal pre-mining sale/scam that created ether. They stole 75% of the ether supply and became instant ‘billionaires’ of fake wealth,” tweeted Roubini, whose timeline has become increasingly manic as the week’s progressed.

“I never personally held more than ~0.9% of all ETH, and my net worth never came close to $ 1b,” responded Buterin. “Also, I’m pretty sure there are no criminal laws against pre-mining.” Then, on Friday, as Roubini doubled down on his bug-eyed crypto rambling, Buterin again stepped in to dispel the notion that bitcoin and ethereum maximalists are at war, while giving a shout out to bitcoin cash proponents.

What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.


Images courtesy of Shutterstock.


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The post The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social Media appeared first on Bitcoin News.

Bitcoin News

Social Security Recipients Get Largest Raise in Years

October 13, 2018 |

Tens of millions of Social Security recipients and other retirees will get a 2.8% boost in benefits next year as inflation edges higher, the AP reports. It’s the biggest increase most retired baby boomers have gotten. Following a stretch of low inflation, the cost-of-living adjustment, or COLA, for 2019…
Newser

Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here

October 12, 2018 |

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Over the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter which offer censorship-resistant versions of these social media giants.

Also read: Facebook Purge Continues: 559 Pages, 251 Accounts Removed Ahead of US Elections

Onchain Social Media Apps, Forums, and Messenger Services

Censorship on large social media platforms like Facebook and Twitter has been rampant this year. On Oct. 11, news.Bitcoin.com reported on Facebook purging hundreds of pages and profiles that regularly posted about alternative news and libertarian views. The aggressive censorship has caused many people to start searching for more decentralized platforms that allow free speech. What they might not know is that the Bitcoin Cash (BCH) ecosystem already has a few applications that are similar to the dominant online forums and social media platforms. The difference is they are free of censorship and every action is recorded onchain.

Memo.cash

Facebook and Twitter Beware — Censorship Resistant Social Media Is HereMemo.cash is a platform that is comparable to Twitter, but posts cannot be selectively removed by anyone as they are all stored onchain. Memo allows users to post text, animations, pictures, URLs, and videos while also setting a custom profile. Much like Twitter, there is a cap of how many characters can be used per post as Memo only allows 217 characters at a time. A feature that sets Memo apart from Twitter and other social media platforms is the ability to tip posts using BCH. This allows content creators to reap the benefits of their work rather than giant corporate entities.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Memo has been a popular application amongst the BCH community and there have been thousands of onchain posts since the platform launched. For instance, one individual started recording every verse in the King James Bible. One setback for Memo users is because all posts are hashed into the BCH chain using an OP_Return transaction, they cannot be deleted. Memo also offers a community and topic section so users can discuss books, film, news, and even subjects that are considered taboo or politically unacceptable. The application also allows users to follow certain profiles so they can stay up to date with the most interesting people who post on Memo.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Blockpress

Facebook and Twitter Beware — Censorship Resistant Social Media Is HereThe application Blockpress is a mixture of Twitter with a Facebook feel. The customization of Blockpress profiles gives the website a Facebook-like look alongside the application’s user interface. The amount of characters a user can post is limited like Twitter, and just like Memo the Blockpress application only allows 217 characters per post. Blockpress also has a section of communities where people can discuss anarchism, video games, politics, philosophy and whatever else they feel like discussing.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Blockpress also allows native tipping in BCH and content creators can earn tips for popular posts and writings. Similarly to Memo, individuals can follow other Blockpress users, making it easier to follow specific people. Every action on Blockpress is recorded using an OP_Return transaction and the platform cannot delete posts after they have been published. Blockpress fell off the map for a couple months as the creator was going to focus his time on another project, but he has since returned to the platform.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Keyport   

Facebook and Twitter Beware — Censorship Resistant Social Media Is HereKeyport is a messenger service that allows people to connect with friends, family, and coworkers. The Keyport platform is an application that provides users with the ability to send and receive encrypted messages built on top of the BCH chain. Essentially all messages are hashed into the BCH chain using an OP_Return transaction but they are encrypted. Only the recipient can decrypt the message, making the messaging service difficult to censor. The Keyport developers, Atlantislabs, explain that each message you encrypt or decrypt requires a small amount of BCH dust plus the miner fee.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Matter

Facebook and Twitter Beware — Censorship Resistant Social Media Is HereIf people don’t want to be limited to 217 characters then they could opt to use the BCH-centric Matter platform. Matter allows users to post threads written in long form and posts can be formatted with images and things like bold and italic. Matter also has native tipping abilities and uses the BCH chain’s OP_Return capabilities as well. The same immutability problem exists with Matter, and the creators ask you to check a box that explains you are aware that all posts are permanently stored on the Bitcoin Cash blockchain. The decentralized blogging platform’s creators recently added the ability to reply to posts and users can tip the replies too. There are not as many users on Matter as there are on Blockpress and Memo, but the ability to write in long form with full markdown syntax support is a plus.

Facebook and Twitter Beware — Censorship Resistant Social Media Is Here

Mass Exodus From Centralized Social Media Giants Will Take Some Time

It’s going to take a lot of time for people to flock towards decentralized social media applications and forums. The permanence of posts may also be an issue for some people, but that is part of the give and take involved with these censorship-resistant platforms. After a post is published, no matter how many people don’t like it they cannot remove the post from the BCH chain and the same applies to the content creators themselves. Users do need a bitcoin cash wallet and a little BCH to use these platforms, as each action costs a very small amount of BCH. As long as social media giants like Facebook continue to remove political dissenters and content they don’t approve of on a whim, more people will search for platforms without prohibition.

Have you tried any of the new Bitcoin Cash-powered social media, forum, and messaging applications yet? Let us know what you think about these platforms in the comment section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies/products or any of its affiliates or services. The author and Bitcoin.com are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.  


Images via Shutterstock, Jamie Redman, Matter, Memo, Keyport, and Blockpress.


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 Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here appeared first on Bitcoin News.

Bitcoin News

Google is killing its Google+ social network, after a privacy lapse that was kept secret for months

October 9, 2018 |

Google parent company Alphabet Inc. announced Monday that it is shutting down its social network, Google+.

The company cited two major factors in its decision to end the service: its small and unengaged user base, and a newly announced privacy lapse affecting up to 500,000 users.

The consumer version…


L.A. Times – Business