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Statement From Calvin Ayre and CoinGeek About Bitcoin Protocol

George Miller

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Statement From Calvin Ayre and CoinGeek About Bitcoin Protocol
Photo Credits: istockphoto.com
Reading Time: 3 minutes

LONDON, August 13, 2018 — CoinGeek is committed to global success of the original Bitcoin (now restored in the form of Bitcoin Cash BCH), and that requires restoring the Bitcoin protocol to its original design. Once restored, the Bitcoin protocol should be locked so that businesses and developers around the world can reliably build on top of it – just as they do on the Internet protocol. This will help professionalize the Bitcoin ecosystem to enable its next stage of growth.

In keeping with these goals, here is a statement of consensus changes that CoinGeek, as a significant miner, will support in the November 2018 protocol upgrade:

  1. Continuing the program to re-enable the original set of op codes. Specifically for November, CoinGeek supports re-enabling: OP_MUL, OP_LSHIFT, OP_RSHIFT and OP_INVERT
  2. Removing the current limit of 201 op codes per script
  3. Raising the maximum block size to 128MB

We note that additional changes have been proposed by several implementation teams that are not part of the original Bitcoin protocol. We will not support the following changes or commit our hash power to running software that implements them:

  1. OP_DATASIGVERIFY
  2. Canonical transaction ordering (We are committed to investigating the removal of topological ordering as a potential barrier to scaling but this requires more detailed examination)

In the longer term, CoinGeek will continue to support only consensus changes that restore the original Bitcoin protocol, and those that may be demonstrated as absolutely necessary to meeting the goal of massive on-chain scaling to terabyte+ blocks.

This can be broadly summarized as removing all of the artificially imposed limits and restoring previously-disabled functionality where safe to do so. Limitations on protocol parameters such as block size should be determined by miners in a competitive spirit. The natural tension between the economic incentive to handle unbounded limits and the technical challenges to doing so are how we envisage Bitcoin miners governing these limits. Investment equals competitive advantage. As we previously announced, CoinGeek believes in miner choice, and a healthy competitive marketplace for miners.

Non-consensus changes:

CoinGeek is committed to enabling massive on-chain scaling and safe instantaneous Bitcoin transactions. As such, we will be encouraging the non-consensus changes that meet these requirements. Specifically, we encourage the following:

  1. Remove transaction relay delays.
  2. Plug-in transaction selection and quotation modules to enable miners to control fee policies more easily. e.g.
    • Free or cheaper fees for transactions that either shrink or do not expand the UTXO set.
    • Storage or computational cost based fee calculation.
  3. Implementation of a secondary transaction cache to allow double spend monitoring for transactions that don’t meet a miner’s acceptance policy. This mechanism is dependent on the principle of 0-conf transactions being considered a premium service with stricter requirements over and above those of transactions where instant acceptance is not a requirement.

Additionally, in order to facilitate safe 0-conf transactions, CoinGeek will encourage and support development of a comprehensive technical roadmap to deliver all of the tools necessary for demonstrably safe 0-conf transactions.

CoinGeek will continue to use its resources to support the original vision of Bitcoin, and invites other miners to take these same positions. Miners invest significantly to maintain the Bitcoin BCH network with their hash, and should make their voice heard on these issues to ensure the global growth of Bitcoin.

If this path is not followed Bitcoin will not ever be able to fulfil its destiny as a peer to peer Electronic cash system for the world. If Bitcoin is not used for this purpose then then Bitcoin will not be viable economically for miners in the future and the economic freedom associated with this will not happen for the world’s most vulnerable and the Cambrian explosion of innovation will not happen on top of Bitcoin as intended. If this path is followed the world benefits and competitive Miners prosper. CoinGeek’s suggested path is in the best interest of all Enterprise level mining operations and we welcome working together to support this now.

CoinGeek also wants to announce: that we have designed a super energy efficient, next generation ASIC chip design that will be released later this year. This Chip will be optimized for Enterprise level mining on Bitcoin using the original Satoshi Protocol. We will have a booth demonstrating this at the CoinGeek Week Conference last week of Nov in London and invite all miners to join us in planning for the future of this industry at this event.

Miners drive road maps in this space, so let’s drive this together!

NB: Details on CoinGeek Week in London this November & how to join the (free) bComm Association.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Bitcoin

Bitcoin Confirmed As New Sleeve Partner of Watford FC

George Miller

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Bitcoin Confirmed As New Sleeve Partner of Watford FC
Reading Time: 2 minutes

 

 

The Bitcoin logo will appear on the shirt sleeve of Watford FC this season, as part of an educational drive led by the innovative sports betting brand Sportsbet.io.

The logo is part of a wider campaign to improve awareness around Bitcoin and educate the public on the benefits of using cryptocurrencies.

It is led by Watford FC’s primary shirt sponsor, Sportsbet.io, which announced a landmark deal with the Hornets team in June.

Justin Le Brocque, Head of Marketing at Sportsbet.io, said: “The crypto community have been hugely supportive of us since we began, so putting the Bitcoin logo on the sleeve felt like a fun way to give something back while also showing them our support.”

The sponsorship will be crowd-funded, allowing anyone who holds Bitcoin the exclusive opportunity to share in the perks granted to Watford FC sponsors. Contributors can bid for public LED space shown live during matches, use of the Bitcoin box for eight people and exclusive Watford FC merchandise.

“Some of the biggest challenges we and others like us face is raising awareness, dispelling common myths around cryptos and educating the public on the advantages and opportunities presented by cryptocurrencies,” added Le Brocque.

“Our partnership with Watford marks a major disruption in the world of traditional sports sponsorship, and by adding the Bitcoin logo we hope this world’s first partnership will create even more buzz around cryptocurrencies.”

Scott Duxbury, Hornets’ Chairman & CEO, added: “Placing the Bitcoin logo on a Premier League shirt is something that challenges the accepted norm. We’re excited about the partnerships and the potential for new global conversations that it could help start for our club.”

To celebrate the Bitcoin sponsorship with all Bitcoin holders, Sportsbet.io is also giving away a 2 mbtc Free Bet to all Sportsbet.io players if Watford scores against Arsenal this coming Sunday. More information on the amazing offer can be found https://sportsbet.io/promotions/free-bet-giveaway.

Last month, Sportsbet.io announced a pioneering three-year partnership with Watford, marking the first time a company known for blockchain and cryptocurrency expertise had appeared on the front of a Premier League shirt.

The announcement was accompanied by the launch of Sportsbet.io’s ‘Know No Borders’ campaign, which highlights the brand’s commitment to putting players at the heart of the action, no matter their country, sport, team or currency.

Sportsbet.io accepts a range of fiat and cryptocurrencies, including Bitcoin, to deliver the very best in fun, fast and fair gaming.

To get involved, all you need to do is visit the site http://bitcoin.watfordfc.com.

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Bitcoin

CEEGC2019 Budapest – Speaker Profile: Max Krupyshev, CEO at CoinsPaid

Zoltan Tundik

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Reading Time: 2 minutes

 

CEO of fast-growing Cryptocurrency Processing Provider to join the payment related panel discussion at CEEGC 2019.

As mentioned earlier, at CEEGC2019 we are putting together a debate about Payments, Fintech, and Blockchain with an emphasis on the changes that have occurred in the past 2 years.

The panel discussions will take place during the 2019 edition of CEEGC Budapest, and has been strategically titled as “2-year revision – Payments, Fintech and Blockchain”.

Among the experts of the panel discussion, you have the opportunity to catch up and hear more about cryptocurrencies and blockchain in the online gambling industry from a leading expert, Max Krupyshev, CEO at CoinsPaid.

Secure your seat now!

About Max Krupyshev

Max has a Bachelor’s degree in Physics and a Master’s in Business Administration.

Max heard about Bitcoin for the first time in late 2013 right after completing his Master’s degree in Management. Max was immediately inspired by the innovative and disruptive technology behind Bitcoin and quickly made a name for himself in his local Bitcoin community in Kiev.

Eventually, Max’s passion for Bitcoin drove him to co-found a Kiev-based software development studio and to found the Bitcoin Foundation Ukraine and Satoshi Square Kiev. Max has worked for one of the biggest Bitcoin Cloud mining platforms prior to becoming Product Manager and later Head of Crypto Business at Cubits.

After a tragic Cubits shut down, Max was invited to obtain the CEO position at coinspaid.com. Coinspaid is a fast-growing Cryptocurrency Processing Provider for an online business.

Make sure that you are among the delegates of CEEGC Budapest this year for a new and engaging format that is going to increase the engagement and interaction of the attending delegates.

Register here or View the Agenda!

Browse the official event website for more details: www.ceegc.eu

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Bitcoin

Americas Cardroom Will Send $1 Million via Bitcoin to $5 Million Venom Winner

George Miller

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Americas Cardroom Will Send $1 Million via Bitcoin to $5 Million Venom Winner
Reading Time: 2 minutes

 

Americas Cardroom announced that they will send what they believe to be the largest crypto payment in history for an online gaming site. With the $5 Million Venom tourney on it’s way since July 14th, the US-facing online poker site is promising to send the winner their $1 millionpayment by Bitcoin, minutes after the final hand.

“We’ve made cryptocurrency a key part of our business for the last four years and now we’re going to make a seven-figure payment,” stated Americas Cardroom spokesperson Michael Harris. “No other payment method lets players get paid faster and we’re putting our faith in Bitcoin with this large-scale transaction.”

The $5 Million Venom has three Day 1’s and the final table will be played on Wednesday, July 24th. It features a staggering $5 Million guaranteed prize pool and first place gets at least $1 million, making it the biggest tourney in ACR history and the biggest ever by a US-facing site.

The $5 Million Venom winner will receive their $1 Million via Bitcoin mere minutes after the final hand is played — all in one shot. No other gaming site has sent a crypto payout so large, and Americas Cardroom is pleased to make history.

The US-facing site first began accepting Bitcoin in 2015. At the time, the popular cryptocurrency accounted for approximately 2% of all business. Today, players can play and get paid in over 60 different cryptos, including Bitcoin. Cryptocurrency now accounts for over 60% of Americas Cardroom’s business.

While the 60% is large, the number comes as no surprise. Online gaming sites have faced challenges with payment processing due to varying regulations around the world. Cryptocurrency offers players the chance to deposit and withdraw quickly and securely and is quickly becoming the preferred player option.

For more information on the $5 Million Venom and Cryptocurrency deposits, visit AmericasCardroom.eu.

 

About Americas Cardroom:
Americas Cardroom joined the Winning Poker Network in 2011. The Winning Poker Network has one of the longest and trusted online names in the industry and has been in existence since 2001. Americas Cardroom accepts players from the US market and the rest of the world. Rated first place for payment processing and cashout reliability repeatedly over the last few years, Americas Cardroom offers outstanding customer service and a friendly environment for all poker players around the world.

 

Source: Americas Cardroom

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