Mastodon

Tezos Outdoes All the Other ICOs until Now, Breaks Bancor’s Record

Initial Coin Offerings (ICOs) and crowdsales have become the new way of fundraising in the startup ecosystem. If the company or the product has got remotely anything to do with blockchain or fintech, then the chances of success are much higher. Tezos, a blockchain self-governance platform has proven it by breaking records to become the … Continue reading Tezos Outdoes All the Other ICOs until Now, Breaks Bancor’s Record

The post Tezos Outdoes All the Other ICOs until Now, Breaks Bancor’s Record appeared first on NEWSBTC.

Initial Coin Offerings (ICOs) and crowdsales have become the new way of fundraising in the startup ecosystem. If the company or the product has got remotely anything to do with blockchain or fintech, then the chances of success are much higher. Tezos, a blockchain self-governance platform has proven it by breaking records to become the … Continue reading Tezos Outdoes All the Other ICOs until Now, Breaks Bancor’s Record

The post Tezos Outdoes All the Other ICOs until Now, Breaks Bancor’s Record appeared first on NEWSBTC.

Bitcoin Price Weekly Analysis – Can BTC/USD Stay Above $2000?

Key Points Bitcoin price fell sharply during the past few days and broke the $2400-2350 support against the US Dollar. There was a break below a major contracting triangle with support at $2420 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price is currently trading near major pivot of $2000, and struggling … Continue reading Bitcoin Price Weekly Analysis – Can BTC/USD Stay Above $2000?

The post Bitcoin Price Weekly Analysis – Can BTC/USD Stay Above $2000? appeared first on NEWSBTC.

Key Points Bitcoin price fell sharply during the past few days and broke the $2400-2350 support against the US Dollar. There was a break below a major contracting triangle with support at $2420 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price is currently trading near major pivot of $2000, and struggling … Continue reading Bitcoin Price Weekly Analysis – Can BTC/USD Stay Above $2000?

The post Bitcoin Price Weekly Analysis – Can BTC/USD Stay Above $2000? appeared first on NEWSBTC.

Ethereum Price Weekly Analysis – ETH/USD Leaning Towards $150

Key Highlights ETH price remained under heavy pressure and moved below the $205 support against the US Dollar. There is a monster bearish trend line with resistance at $205 forming on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to decline further and test the $150 support zone in the … Continue reading Ethereum Price Weekly Analysis – ETH/USD Leaning Towards $150

The post Ethereum Price Weekly Analysis – ETH/USD Leaning Towards $150 appeared first on NEWSBTC.

Key Highlights ETH price remained under heavy pressure and moved below the $205 support against the US Dollar. There is a monster bearish trend line with resistance at $205 forming on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to decline further and test the $150 support zone in the … Continue reading Ethereum Price Weekly Analysis – ETH/USD Leaning Towards $150

The post Ethereum Price Weekly Analysis – ETH/USD Leaning Towards $150 appeared first on NEWSBTC.

Bitcoin Miners Miss the First BIP 148 “Deadline” – Bitcoin Magazine


Bitcoin Magazine

Bitcoin Miners Miss the First BIP 148 “Deadline”
Bitcoin Magazine
As Bitcoin’s scaling dispute appears to be heading for a climax, the next couple of weeks could prove pivotal. One scaling solution in particular, Bitcoin Improvement Proposal 148 (“BIP 148”), is scheduled to trigger activation of Segregated Witness

and more »


Bitcoin Magazine

Bitcoin Miners Miss the First BIP 148 “Deadline”
Bitcoin Magazine
As Bitcoin's scaling dispute appears to be heading for a climax, the next couple of weeks could prove pivotal. One scaling solution in particular, Bitcoin Improvement Proposal 148 (“BIP 148”), is scheduled to trigger activation of Segregated Witness ...

and more »

MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption – Bitcoin News (press release)


Bitcoin News (press release)

MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption
Bitcoin News (press release)
Researchers offered participants $100 dollars worth of bitcoin (Bitcoin’s price was around $400 at the time). The students would set up a digital wallet and then wait for researchers to allot funds to their wallets. The researchers, Christian Catalini

and more »


Bitcoin News (press release)

MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption
Bitcoin News (press release)
Researchers offered participants $100 dollars worth of bitcoin (Bitcoin's price was around $400 at the time). The students would set up a digital wallet and then wait for researchers to allot funds to their wallets. The researchers, Christian Catalini ...

and more »

MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption

MITMIT launched a study in 2014 that showed early adopters help to spread new technology throughout society, if they feel they have exclusive access to it. The study’s official research paper was released on Friday, which was published in Science. The experimenters used bitcoin as the “new technology” in the study. Also read: Paul Sztorc Suggests Revising Bitcoin’s Scaling Roadmap

The post MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption appeared first on Bitcoin News.

MIT

MIT launched a study in 2014 that showed early adopters help to spread new technology throughout society, if they feel they have exclusive access to it. The study’s official research paper was released on Friday, which was published in Science. The experimenters used bitcoin as the “new technology” in the study.

Also read: Paul Sztorc Suggests Revising Bitcoin’s Scaling Roadmap

The Study; $100 Worth of Bitcoin

Researchers offered participants $100 dollars worth of bitcoin (Bitcoin’s price was around $400 at the time). The students would set up a digital wallet and then wait for researchers to allot funds to their wallets. The researchers, Christian Catalini and Catherine Tucker, saw this experiment as a one-time opportunity to study the role of early adopters in spreading technology in a controlled environment.

MIT Bitcoin Study Shows Exclusivity Encourages Greater Adoption
Christine Daniloff/MIT

The experiment’s catch was that half of the early adopters would randomly receive their bitcoin payments delayed. The MIT article elaborated, “During the rollout, the researchers randomly delayed giving half the students their bitcoin allotment by a couple of weeks. Students who were identified as early adopters of Bitcoin, but whose payment was delayed, cashed out their balance and abandoned the technology at nearly twice the rate of early adopters who received their payment earlier. The early adopters who cashed out also influenced those around them to do the same in high numbers.”

In other words, if the early adopters felt like they were not exclusive or did not gain any consumption value from the new tech, they were likely to cash out. If they were in a public setting, like the MIT dorm rooms, they would likewise influence others to cash out. This diminished the number of early adopters.

The study was the first to determine what happens when “new early adopters” are denied first and exclusive access to new technology.

Details of the Study

The researchers identified who classified as an “new early adopter” by how fast they signed up to the study. They compared these “new early adopters” (NEA’s) to “natural late adopters” (NLA’s). The first 25% who signed up to the study were classified as an NEA. The study explained the qualities of NEA’s:

Surveys showed that those NEAs were also more likely to be top computer programmers, to have built mobile apps, and to use peer-to-peer payment apps, among other identifiers. These characteristics align with popular definitions of early adopters, who generally possess advanced technical skills that help them start using new technologies.

Even though these NEA’s were highly computer literate and understood the technology underlying bitcoin, social and psychological reasons caused them to cash out and stop using the technology. It seems randomly delaying payments caused internal frustration and made early adopters feel less than exclusive. One would expect people with high technological literacy to stay involved no matter what.

Results: Parallel Universes

Randomly delaying the bitcoin payments MIT Bitcoin Study Shows Exclusivity Encourages Greater Adoptionresulted in “two parallel universes,” researchers said. They did this to determine the S-curve, or the measure of the speed of adoption of innovation in societies. Catalini explained, “In one universe, we ended up seeding Bitcoin in the optimal way, by giving it first to early adopters and later to everybody else. In the other parallel universe, the opposite was likely to happen.”

The researchers found the two-week cash-out rate on those NEA’s who received their bitcoins late rose 18%, which was well over non-delayed NEA cash-out of 11%. The researchers said these alleged early adopters cashing out just because their payment was delayed was surprising.

Conclusion: How to Market New Technology

The results off the study offer a couple of key insights for new tech startups, said the researchers. The most important is for technology firms to take advantage of people’s desire for exclusivity while using new technology. NEA’s are likely to influence others to adopt it if they feel unique. This is the key to diffusing new tech throughout society. The researcher explained:

In settings where the decision to adopt is a social decision, where comparisons or conversations are taking place in communities and when there is uncertainty about the value of an innovation, it can be important for firms to take advantage of early adopters, as they do create this positive effect of others. But that comes with a cost, which is exclusivity.

The student participants who held onto their $100 worth of bitcoin would presently be holding $700, noted the MIT article.

Do you believe exclusivity is important for getting early adopters to promote new technology? Let us know what you think in the comments below.


Images via Shutterstock and MIT


Show the world how cutting-edge you are with a bitcoin T-shirt, hoodie, bag, key-ring, even a Trezor hardware wallet. Shipping all over the world, quality merchandise and, of course, a payment system that makes people proud! 

The post MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption appeared first on Bitcoin News.

Ron Pauls Feels the war on Cash is an Authoritarian Power Grab

Going cashless is never the answer for consumers and business owners. The only entities benefiting from such a move are the local government and the banks. Cash is a form of financial freedom, something most of us will never see again. Ron Paul feels a cashless society is equal to an authoritarian power grab. An … Continue reading Ron Pauls Feels the war on Cash is an Authoritarian Power Grab

The post Ron Pauls Feels the war on Cash is an Authoritarian Power Grab appeared first on NEWSBTC.

Going cashless is never the answer for consumers and business owners. The only entities benefiting from such a move are the local government and the banks. Cash is a form of financial freedom, something most of us will never see again. Ron Paul feels a cashless society is equal to an authoritarian power grab. An … Continue reading Ron Pauls Feels the war on Cash is an Authoritarian Power Grab

The post Ron Pauls Feels the war on Cash is an Authoritarian Power Grab appeared first on NEWSBTC.

Coinbase Lets Users Pay 100 Times the Normal Bitcoin Withdrawal Fee

For quite some time now, people have been wondering why is pushing up Bitcoin network fees. For some reason, an unknown entity is trying to up the average transaction cost. It now appears Coinbase is the guilty party. In fact, they are overpaying fees by as much as 10,000%. This is not good news for … Continue reading Coinbase Lets Users Pay 100 Times the Normal Bitcoin Withdrawal Fee

The post Coinbase Lets Users Pay 100 Times the Normal Bitcoin Withdrawal Fee appeared first on NEWSBTC.

For quite some time now, people have been wondering why is pushing up Bitcoin network fees. For some reason, an unknown entity is trying to up the average transaction cost. It now appears Coinbase is the guilty party. In fact, they are overpaying fees by as much as 10,000%. This is not good news for … Continue reading Coinbase Lets Users Pay 100 Times the Normal Bitcoin Withdrawal Fee

The post Coinbase Lets Users Pay 100 Times the Normal Bitcoin Withdrawal Fee appeared first on NEWSBTC.

To Regulate Cryptocurrencies or Not? Bitcoin Foundation Says, Not Right Now!

The growing Bitcoin adoption and the popular cryptocurrency’s performance this year has got governments rallying to introduce cryptocurrency regulations in their respective jurisdictions. These attempts have received a mixed reaction from the community as a poorly drafted law can spell the doom of Bitcoin and businesses that are using the cryptocurrency to develop innovative solutions. … Continue reading To Regulate Cryptocurrencies or Not? Bitcoin Foundation Says, Not Right Now!

The post To Regulate Cryptocurrencies or Not? Bitcoin Foundation Says, Not Right Now! appeared first on NEWSBTC.

The growing Bitcoin adoption and the popular cryptocurrency’s performance this year has got governments rallying to introduce cryptocurrency regulations in their respective jurisdictions. These attempts have received a mixed reaction from the community as a poorly drafted law can spell the doom of Bitcoin and businesses that are using the cryptocurrency to develop innovative solutions. … Continue reading To Regulate Cryptocurrencies or Not? Bitcoin Foundation Says, Not Right Now!

The post To Regulate Cryptocurrencies or Not? Bitcoin Foundation Says, Not Right Now! appeared first on NEWSBTC.

Imminent Bitcoin Upgrade Risks Financial Panic « CBS San Francisco – CBS San Francisco Bay Area


CBS San Francisco Bay Area

Imminent Bitcoin Upgrade Risks Financial Panic « CBS San Francisco
CBS San Francisco Bay Area
SAN FRANCISCO (AP) — Got some bitcoin? An internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in …
Dispute could mean financial panic in bitcoin – Troy RecordTroy Record
AP Explains: Dispute could mean financial panic in bitcoin – New …New Jersey Herald

all 3 news articles »


CBS San Francisco Bay Area

Imminent Bitcoin Upgrade Risks Financial Panic « CBS San Francisco
CBS San Francisco Bay Area
SAN FRANCISCO (AP) — Got some bitcoin? An internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in ...
Dispute could mean financial panic in bitcoin - Troy RecordTroy Record
AP Explains: Dispute could mean financial panic in bitcoin - New ...New Jersey Herald

all 3 news articles »

Imminent Bitcoin Upgrade Risks Financial Panic – CBS San Francisco Bay Area


CBS San Francisco Bay Area

Imminent Bitcoin Upgrade Risks Financial Panic
CBS San Francisco Bay Area
SAN FRANCISCO (AP) — Got some bitcoin? An internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in processing payments. It’s also possible that nothing much changes. It all depends on whether the …


CBS San Francisco Bay Area

Imminent Bitcoin Upgrade Risks Financial Panic
CBS San Francisco Bay Area
SAN FRANCISCO (AP) — Got some bitcoin? An internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in processing payments. It's also possible that nothing much changes. It all depends on whether the ...

Top 4 Cryptocurrency-oriented Operating Systems

TheMerkle Cryptocurrency Operating SystemMining, storing, or staking cryptocurrency is a concept that baffles most people, even in 2017. Even though these processes have become a lot easier, setting up your computer to accommodate all of these tasks is still a hassle. Thankfully, there are some dedicated cryptocurrency operating systems which make everything a lot easier. There are at least four viable solutions people can still check out today. 4. EOS Although EOS is still under development, it promises to pack a ton of features. It is quite similar to traditional operating systems in terms of functionality. Users can schedule tasks, execute applications, and

TheMerkle Cryptocurrency Operating System

Mining, storing, or staking cryptocurrency is a concept that baffles most people, even in 2017. Even though these processes have become a lot easier, setting up your computer to accommodate all of these tasks is still a hassle. Thankfully, there are some dedicated cryptocurrency operating systems which make everything a lot easier. There are at least four viable solutions people can still check out today.

4. EOS

Although EOS is still under development, it promises to pack a ton of features. It is quite similar to traditional operating systems in terms of functionality. Users can schedule tasks, execute applications, and control peripherals. However, EOS will act more like the OS for blockchains and will introduce a decentralized standard at the same time. EOS will support most future cryptocurrency-related applications. Whether or not this will gain traction remains to be seen.

3. PiMP

One of the more colorful names is PiMP,and few would expect it to have ties to cryptocurrency. It is a portable instant mining operating system based on the Linux kernel. It supports most popular cryptocurrencies which have proof-of-work enabled, is compatible with all algorithms and hardware, and provides integrated monitoring and control of the mining operation. Plus, the developers claim this OS can boost mining profitability.

According to the website, GetPimp has been downloaded over 125,00 times. Users will mainly interact the Miner.farm web application to monitor mining hardware and allow users to control them. Do not be mistaken in thinking this operating system is free of charge. The Pimp OS costs $30 and requires users to have a hard drive or SSD in their computer, since USB drives are not supported. Always do your own research before paying money to third party developers of an OS that will control your mining operation.

2. ethOS

For the miners among us who are interested in mining Ethereum, ethOS is certainly worth checking out. This 64-bit Linux OS mines Ethereum, as well as ZCash, Monero, and some other currencies. There is also a  built-in feature to exchange altcoins to Bitcoin. Once the operating system boots up, it will automatically detect the hardware and start the job. Users do not have to install or configure drivers, but do have to point their machine to the right mining pools.

The latest update of ethOS was introduced just over a week ago. The project has been around since February 15 of 2016 and will continue to get updates over the coming years. Interested parties can obtain ethOS from the gpuShack website for the price of $339, or purchase hardware which has the OS preinstalled for a slightly higher price. It is an interesting project. However, most people are more than fine setting up their own Linux or Windows OS with the necessary tools.

1. ROKOS

Even though ROKOS is not designed for mining purposes, it is one of the best cross-platform operating systems for both Bitcoin and altcoins. ROKOS lets users set up a full Bitcoin and OKCash node, as well as stake altcoins which support this particular method. What makes this particular operating system so appealing is how it can run on a Raspberry Pi and various other IoT devices as well. It is a powerful solution which can run on “lightweight” hardware. Plus, the entire OS is fully customizable, giving users unlimited choices right out of the gate.

Bitcoin Trading and Investments Continue to Attract Mainstream Support

Bitcoin is dead, a prediction we have heard more than hundred times already. Well, who is keeping count? (Some platforms are actually keeping count of these grim forecasts). But time and time again, the cryptocurrency has received support from unexpected quarters, thanks to its rising importance in the global economic system. Recently, the cryptocurrency received … Continue reading Bitcoin Trading and Investments Continue to Attract Mainstream Support

The post Bitcoin Trading and Investments Continue to Attract Mainstream Support appeared first on NEWSBTC.

Bitcoin is dead, a prediction we have heard more than hundred times already. Well, who is keeping count? (Some platforms are actually keeping count of these grim forecasts). But time and time again, the cryptocurrency has received support from unexpected quarters, thanks to its rising importance in the global economic system. Recently, the cryptocurrency received … Continue reading Bitcoin Trading and Investments Continue to Attract Mainstream Support

The post Bitcoin Trading and Investments Continue to Attract Mainstream Support appeared first on NEWSBTC.

Agrello Smart Agreements Platform Announces Crowdsale on July 16, 2017

Agrello, a blockchain startup developing “smart agreements”, announced a token sale for July 16 to fund its “Self-Aware Contracts”. Based on blockchain technology, Agrello’s mission is to allow those  “without coding or legal skills to form legally-binding agreements on the blockchain”. The Estonia-based startup developed a graphical interface enabling individuals to assemble their own contracts … Continue reading Agrello Smart Agreements Platform Announces Crowdsale on July 16, 2017

The post Agrello Smart Agreements Platform Announces Crowdsale on July 16, 2017 appeared first on NEWSBTC.

Agrello, a blockchain startup developing “smart agreements”, announced a token sale for July 16 to fund its “Self-Aware Contracts”. Based on blockchain technology, Agrello’s mission is to allow those  “without coding or legal skills to form legally-binding agreements on the blockchain”. The Estonia-based startup developed a graphical interface enabling individuals to assemble their own contracts … Continue reading Agrello Smart Agreements Platform Announces Crowdsale on July 16, 2017

The post Agrello Smart Agreements Platform Announces Crowdsale on July 16, 2017 appeared first on NEWSBTC.

Harbour DAO Updates Their ICO Model and Voting System to More Closely Align with a Commitment to Community-Driven Governance

ZURICH, SWITZERLAND, July 14, 2017 – Harbour, a DAO for managing and holding token assets built on the Ethereum blockchain, released an updated version of their white paper to announce key changes to their ICO model that more closely reflect the DAO’s value of community-driven governance. Dean Eigenmann, Co-founder and CEO of Harbour, explained in … Continue reading Harbour DAO Updates Their ICO Model and Voting System to More Closely Align with a Commitment to Community-Driven Governance

The post Harbour DAO Updates Their ICO Model and Voting System to More Closely Align with a Commitment to Community-Driven Governance appeared first on NEWSBTC.

ZURICH, SWITZERLAND, July 14, 2017 – Harbour, a DAO for managing and holding token assets built on the Ethereum blockchain, released an updated version of their white paper to announce key changes to their ICO model that more closely reflect the DAO’s value of community-driven governance. Dean Eigenmann, Co-founder and CEO of Harbour, explained in … Continue reading Harbour DAO Updates Their ICO Model and Voting System to More Closely Align with a Commitment to Community-Driven Governance

The post Harbour DAO Updates Their ICO Model and Voting System to More Closely Align with a Commitment to Community-Driven Governance appeared first on NEWSBTC.