Ledger has a new wallet firmware with a mandatory update. The Pineapple fund is donating millions of Bitcoin to charities! Senators in the U.S. state of Georgia submitted a bill to allow taxes and license fees paid in crypto. Shapeshift is batching Bitcoin transactions to save on network congestion. We discuss the NEO blockchain and how the hype may be misplaced. JJ interviews ODEM in the first NeoCash Newsmakers.
Darren and JJ were at the Ninth Annual Liberty Forum this week. The FBI wants a backdoor into Apple iPhones, John McAfee says it is akin to giving out the nuclear launch codes. Linux Mint site hacked and malware distros uploaded. A Hollywood hospital falls victim to a crypto-locker virus but no word is mentioned about IT security or data back-up protocols. Bitcoin Classic surpasses 1000 nodes.
There is a lot of bad or just out-right wrong information going around about Bitcoin XT and BIP101. We discuss the upgrade process and provide context given the history of the digital currency. Reddit moderators have censored the discussion claiming Bitcoin XT is an alt-coin. Bitcoin XT nodes are under attack through TOR. We point out an article that has so many errors about bitcoin it is alarming.
Correction: If you assume the every transaction size is around 300 bytes then the bitcoin network can process less than 6 transactions a second. Transactions usually are between 250 bytes and several kilobytes.