Satoshi Nakamoto familiarizes Bitcoin anonymously around the world. The online digital currency was published in late 2008 on cypherpunk mailing list in its white paper. Furthermore, cryptographer follows the same method in the 1990s.
However, bitcoin has few online, offline and social media forums. We will discuss some top bitcoin forums in this article.
Online Bitcoin Forums:
A passionate community of the users, developers, businesspersons, investors follow the expansion of the bitcoin. Members of this community have a discussion about market trend, share their ideas regarding digital currency on both online and offline platforms. Following are few online platforms for the discussion.
The Bitcoin Mailing List:
Propagation of the bitcoin adoption among the public needs more development. Basically, they need a platform to share their ideas and developers start working on its core software to provide such comfort to the users. In 2011, bitcoin mailing list introduced on Linux foundation server especially launched for this purpose.
Where everyone has the opportunity to join the list. While brokers only allow posting on topics.
A bitcoin platform, where bitcoin community is free to have a discussion about the Bitcoin technicalities. This forum was the part of the bitcoin.org in early 2011. Sirius owns this domain and admin goes by Theymos.
This platform is common for the signature campaigns or promotion messages attach to the comments by users. Those who meet the requirements for this feature, take compensation from the advertisers.
News accumulating site, which allows its users to arrange communities such as subreddits around topics of interest. Two most common subreddits such as r/Bitcoin and r/BTC, among the users, with 230,000 and 36,000 subscribers. r/Bitcoin was the one-man show in late 2015. But, when scaling debate occurred, facilitators amended the discussion that supported Bitcoin XT. In addition, an increase in block size slightly than second-layer solutions. Then, few members launched r/BTC to reclaim their voice.
A discussion site, where you are free to talk about the Bitcoin and have a lot of discussions about it. You can visit the site http://btcwarriors.com/
Bitcoin has covered all the aspect of the interest. It has the community channels, groups, lists, pages on all well-reputed websites. A large number of the companies have created channels on various platform such as slack to cover all the aspects of the cryptocurrency.
A single click on Facebook or Linked in will brings a wide information in front of you. Whereas, for other including WhatsApp, Telegram or slack – you need a group or network to proceed.
A forum where developers teaming up to work on the projects. Bitcoin has a source on the platform with the thousands of the commits from bitcoin core developers. In short, this is a place where only developers allow for underwriting the discussion by using their cryptographic code.
Three well-known Bitcoin forums provide the physical meetups, conferences, and hackathons.
Bitcoin community has active meetup groups around the globe. Meet.com facilitates such type of groups. Member of this bitcoin trading platform has the meeting once or twice in a month and share their experiences, market trend and current situation accordingly. In addition, few groups have to launch the pads for startups, a marketplace where anyone has the total opportunity to buy and sell physical bitcoin.
By attending the conferences, you have the opportunity to interact with others business holders, developers, talk persons from different communities.
Hackathons were organized and developed by Bitcoin software developers and contributors. Contributors use them to showcase their innovations and compete. You can easily find such type of events around the world.
Using third-party services for bitcoin transactions is a great idea, especially for LocalBitcoins users. This is because these types of transactions take place between two untrusted parties. So, you never know when a seemingly simple transaction could turn into an ordeal.
To avoid any unfortunate incident, we advise you to transact bitcoins via escrow service. The escrow service protects users from scams and makes sure that the transactions are taking place in a safer environment.
Learn about the most common Bitcoin scams and how to avoid them.
In case there is a dispute, the escrow service would act as an arbitrator and determine who the funds actually belong to.
Many Bitcoin marketplaces (BitPremier, CryptoThrift, Local Bitcoins, etc.) come with a built-in escrow service. However, if the marketplace through which you are making a transaction doesn’t provide one, then consider the ones discussed below.
Best Bitcoin Escrow Services:
Here are some of the best Bitcoin escrow services to trade your coins.
BTCrow was established in 2011 and is one of the oldest escrow services out there. Although, the only long-lived solution, BTCrow isn’t that reliable. There have been many complaints regarding delayed payments and system’s response. For example, a user once made a transaction through this service but didn’t receive the payment for a good while. Even after contacting BTCrow support, it took around 12 hours to release the payment which was $7,500 USD. This is way too much for a transaction involving this much money.
Escrow My Bits:
Established just two years ago, “Escrow My Bits” has gone on to become one of the go-to names for Bitcoin users. The site offers a wide variety of services to escrow bitcoin, including:
The site provides the user with a Bitcoin wallet address and asks them to deposit funds in the account. These funds are then forwarded to offline wallets (cold storage) which is one of the most advanced forms of wallet security.
Regular Escrow Pegged to Traditional Value:
The coins are deposited into an account controlled by the site. After the deposit, the coins are pegged to conventional value.
This service secures your funds through a multi-signature transaction. The funds cannot be withdrawn unless all the signatures are accurately provided. The site holds only one of your private keys.
Multi-Signature Escrow Pegged to A Fiat Value:
Similar to the one mentioned earlier, your funds are kept in a secure multi-signature transaction using “Nubits” or “Omni” to peg the value.
The primary advantage of Escrow My Bits is that if a transaction takes longer than expected, you can still peg it to the fiat currency without the exchange rates affecting you.
The site deducts 1% per transaction in service charges.
A Bitcoin escrow service which comes with the multi-signature feature. Bitrate is more like a multi-signature wallet.
A multi-signature bitcoin wallet is a wallet which can have multiple owners. To complete a transaction, these wallets require the signatures of involved parties. For example, if a wallet is shared by three individuals and two of those three decide to make a transaction, the order is executed.
The biggest advantage of Bitrate is that the site itself doesn’t hold the private key so it cannot steal your funds.
The hottest news coming out of the Bitcoin world is it being split into two. The hard fork, everyone was eagerly waiting for was carried out on August 1st and we no more have Bitcoin – the lord of the crypto – as a single entity. Yes, now there are two bitcoins:! BTC (original Bitcoin) and Bitcoin Cash or BCH (forked version of Bitcoin).
what is bitcoin cash?
Bitcoin Cash is similar to Bitcoin in terms of protocol: same block time, 21,000,000 supply, proof of work SHA-256 hashing, and the same reward system.
However, two of the main things that separate it from Bitcoin are: block size limit and the difficulty level.
Bitcoin Cash proposes to expand the block size to 8 MB compared to Bitcoin which offers a block size of just 1 MB. The other major difference between the two crypto-bros is difficulty level as BCH will adjust the difficulty every 6 blocks as opposed to Bitcoin’s 2016 blocks.
Some other differences are discussed in the following part of the article.
What Is The Difference Between Bitcoin And Bitcoin Cash?
- BCH is an altcoin forked off Bitcoin
- It separates blockchain and bumps up the block size up to 8MB
- It removes Segwit
- If the split is not successful or the community refuses the usage, BCH will soon diminish after the split.
How To get Bitcoin Cash?
Before obtaining Bitcoin Cash, make sure you go through the following points:
Get Your Private Key Ready:
Get a private key to make sure you have access to Bitcoin wallet. Having a private key is essential as without it, there is no way you can access the coins.
Create A BCH Wallet:
In order to keep Bitcoin Cash somewhere, you will need to create a BCH wallet. This will help secure your bitcoins and also assist to make transactions.
Do Not Trust Anyone:
Do not trust anyone, I repeat, do not trust anyone under any circumstances. You will be contacted with numerous scammers/tricksters whose sole purpose is to steal your coins. You can avoid them by not responding back and keeping your private key unrevealed.
What Are The Exchanges And Wallets That Except BCH?
bitcoin vs other cryptocurrencies:
The list of Exchanges/wallets that except BCH include:
The word is, we now have two bitcoins: Bitcoin and Bitcoin Cash (BCC or BCH).
Just remember to be cautious while splitting your BTC and read as much about the split as possible. Hopefully, you made most of the split and are now enjoying your free coins.
Do let us know how the split turned out for you below!
Recently the well known Chinese e-commerce platform Alibaba has sued a Dubai-based ICO for copyright infringement. The dubai ico was functioning by the name of Alibabacoin Foundation and had initially raised $3.5 mln qaccording a Reuters report. The firm was involved in continuous misleading behavior related to Alibaba’s company name. Alibaba clarified that there was no relationship between them and the Alibabacoin Foundation. Furthermore Alibaba also made clear that it had no future intentions to enter the cryptocurrency business.
It was being reported that the Alibabacoin Foundation was aiming to create its own e-commerce platform by making use of cryptocurrency Alibabacoin which was also generated by the foundation. It introduced itself as a digitally optimized firm which was going to use blockchain technology for various departments such as finance, shopping, security and marketing etc. The firm succeed in generating a handsome amount until it was declared as an ico fraud and a lawsuit was filed against it by Alibaba whose trade name was unlawfully being used by it.
Clarification by Alibaba
Though it was made clear by Alibaba that they had no intention of entering the cryptocurrency business but it should be remembered that it is not the first time that Alibaba has been a part of such rumors regarding its involvement in the crypto industry. It had to eliminate rumours early this year regarding its venture into the cryptocurrency mining industry with the help of its newly developed P2P platform. Alongwith dispelling that rumour the company also announced that Alibaba Cloud had never issued a single fraction of any digital currency from its platform neither it had any intentions to do so in the future.
According to a report published last year CEO of Alibaba Jack Ma exclaimed that he had no interest in bitcoin but blockchain technology, which he described as a powerful tool of future technology.
Aftermaths of the Law Suit
After initial hearing the judge issued a short term restrain order against the Alibabacoin Foundation, the lawsuit also circles threefold damages for violations of US and New York law. Further development in the case will be reported after the show cause hearing which will take place on April 11, 2018.
However the Alibabacoin Foundation did not pass any comment in this regard. Also, despite the orders issued by the court the company has showed no intentions to roll back its initial coin offering or other related activities.