Bitcoin Whale Moves a Cool Billion Dollars for a Mere $700 Fee

2019-9-6 17:22

On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major cryptocurrency exchange, but the origins of the rest of the […] The post Bitcoin Whale Moves a Cool Billion Dollars for a Mere $700 Fee appeared first on CCN Markets

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Bitcoin Stays Cheap — Whale Transfers 49,922 BTC ($458M) for Less Than 60 Cent Fee

One Bitcoin whale has just moved 49,922 Bitcoin (BTC) for a fee of just 60 cents. It’s yet another example of how cheap and advantageous Bitcoin still is. Is Bitcoin too expensive? It seems clear from today’s transaction, that the leading cryptocurrency is still far cheaper than retail banking, especially if you are moving large […] The post Bitcoin Stays Cheap — Whale Transfers 49,922 BTC ($458M) for Less Than 60 Cent Fee appeared first on BeInCrypto.

2020-2-4 15:02


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Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

2018-7-21 23:03


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


Monero’s Riccardo Spagni Complains About BitPay’s ‘Broken’ Bitcoin Fee Payment Service

Riccardo Spagni Complains About BitPay’s Service Monero’s developer and crypto specialist Riccardo Spagni complained on Twitter about the service provided by BitPay. He informed that he paid 9 satoshi per byte to send a Bitcoin transaction, and that BitPay was saying that the transaction had a low Bitcoin fee. Every time a Bitcoin user wants […]

2018-7-10 20:42


Hashbon ICO

Hashbon framework is a universal platform for effective building any applications or smart contracts, that work on top of live public blockchains: Bitcoin, Litecoin, Dash, Zcash, Monero and others. Framework will allow to store information on several blockchains simultaneously for better reliability in automatic and intellectual way, including deciding which blockchain currently offers better fee for storing KB of data.

2018-7-3 19:57