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CoinGeek Sponsored Satoshi Vision Miners Choice Meeting in Bangkok, Aug 30th

George Miller

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CoinGeek Sponsored Satoshi Vision Miners Choice Meeting in Bangkok, Aug 30th
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LONDON, August 22, 2018 — 128MB is not the end for Bitcoin BCH – CoinGeek supports “miners’ choice” for block size growth

Last week, leading blockchain research and development outfit nChain introduced Bitcoin SV, a full node implementation for Bitcoin Cash (BCH).

The node, created per a special request by CoinGeek and other Bitcoin BCH miners, is designed to fulfill the original vision of Satoshi Nakamoto. Bitcoin SV seeks to restore the original Bitcoin protocol and then avoid unnecessary changes that do not enhance the network.

The announcement, as one can expect, led to a debate on how to address the maximum block size pre-coded in a BCH full node implementation, which is essentially the maximum block size that a Bitcoin BCH miner will accept from another miner.

BCH miners can already configure block size

Bitcoin SV’s initial plan was to raise the default maximum block size to 128MB-the block size increase that CoinGeek supports for the November 2018 BCH protocol upgrade. But the 128MB is just a step forward; it’s not the end destination for Bitcoin BCH. CoinGeek is firm on its stance that all artificially imposed limits in the BCH protocol should be removed, and that parameters such as block size should be determined by miners in a competitive spirit.

In fact, in the Bitcoin ABC implementation, miners already can (if they choose to) increase the maximum accepted block size-but the obscure debug setting is poorly documented and difficult to find for miners. CoinGeek supports Bitcoin SV’s plan to move that setting to a more prominent location and document its operation and implications thoroughly whilst also adding other tools to enable miners’ choice for block size growth; CoinGeek thus encourages miners to use Bitcoin SV.

CoinGeek founder Calvin Ayre is firm on restoring the Bitcoin protocol to its original design and then lock it so businesses and developers can reliably build on top of the “battle-tested” protocol. In a statement, Ayre said:

“We need to stop relying upon developer-determined default block caps. The block size is miner-configurable, allowing individual miners to set what maximum block size they wish to accept from another miner. This approach is similar to Bitcoin Unlimited’s ’emergent consensus’ mechanism for block size, and therefore has precedent. This ‘miner’s choice’ approach has two benefits: (1) it takes the block size question out of the hands of BCH developer groups, and avoids unnecessary future disagreements between developers over maximum block size; and (2) it puts the block size question in the hands of miners-key users of the BCH network-so they can direct the scaling roadmap, as driven by network usage growth and their own economic incentives.

From our communications with others, there are more miners who support this approach. We invite all BCH miners to join us in choosing block size for themselves, and let miners drive the BCH road map together. We also invite all Bitcoin miners to come to the W Hotel in Bangkok Aug 30th to hear CoinGeek present our arguments for this in person. Anyone who does not agree with Satoshi Vision is welcome to fork off to their own new path. Any forks from the Satoshi Vision path will not be Bitcoin and will have to come up with some other name for their fork. Any Satoshi Vision Miners not already invited to this event should contact us here at CoinGeek for details.”

As always, we at CoinGeek are open to discourse. In November, the CoinGeek Week conference, taking place in London on Nov. 28-30, will gather BCH Miners, App Developers, Merchants and other industry movers together to discuss the most pressing issues, opportunities, and risks facing the Bitcoin Cash ecosystem. If you are interested in taking part in that discourse, you are absolutely welcome to join the community.

Looking to help the growth of merchant adoption of Bitcoin Cash? Join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community.

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

Zoltan Tundik

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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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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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Infographic: Crypto Thefts and Trends That Will Blow Your Mind

George Miller

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Infographic: Crypto Thefts and Trends That Will Blow Your Mind
Reading Time: 1 minute

 

As it turns out, too much freedom is not a good thing, or so the misuse of Bitcoin and other cryptocurrencies now shows. Brush aside the fact that hackers lurk at every corner of the Internet and you are left with even more startling facts Criminals have been happy to use the anonymity of cryptocurrencies to trade arms, traffic humans, launder money, and more.

For better or for worse, cryptocurrencies today are a conduit of illicit activity, and a lot of government oversight is required to uproot the bad practices that have become the norm. While lawmakers are hard at work to figure out the right legal framework for cryptocurrencies, here are some of the most mind-blowing thefts in the crypto world to read up on:

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