Episode 120 – Quantum Computers and Shemitah!

Jeff Berwick has some newsletters to sell you. Darren hosts the Bitcoin Panel at the 2015 Keenevention featuring Gavin Andreesen. DDoS attack on XT nodes. Illinois’ lottery is bankrupt. The NSA is seeking protection form quantum computing. Barclay’s integrates with a bitcoin exchange to allow charities to accept bitcoin.

 

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Bonus Episode – Bitcoin Core has Lost Consensus

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.

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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.

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