The World Bank stopped tracking inflation in Zimbabwe in November 2008, when it reached 79.6 billion percent. One year later, the country abandoned its currency. The exchange rate at the time was $35 quadrillion Zimbabwean to $1 USD…. inflation kills!

The World Bank stopped tracking inflation in Zimbabwe in November 2008, when it reached 79.6 billion percent. One year later, the country abandoned its currency. The exchange rate at the time was $  35 quadrillion Zimbabwean to $  1 USD.... inflation kills! submitted by /u/Crevative
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Bitcoin – The Currency of the Internet

Large Mining Farm Discovered in Abandoned Russian Factory (news.bitcoin.com)

A large illegal facility for mining bitcoin was discovered by police in the Russian city of Orenburg. The farm has been set up on the premises of an abandoned factory. The masterminds of the crypto project have stolen electricity worth 60 million rubles. They risk years of imprisonment.   
Also read: Bitmain Opens Repair Center in Russia

Bitcoin

A Bitcoin 'Big Bang Theory' Episode Is Coming, God Has Abandoned Us

Close your eyes and think of the word “insufferable,” what comes to mind? For me, it's two things: Bitcoin lords and The Big Bang Theory. Next week, because we have all been abandoned on this slowly-dying rock in space by whatever supernatural forces may have saved us from complete ruin in the …
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PSA: Breadwallet will blindly follow the chain Bitmain chooses, expects Core to be “abandoned”. Move your coins elsewhere!

https://breadwallet.com/blog/what-fork-means-breadwallet/

In the case of a fork, breadwallet will continue to connect to the chain that is the most popular amongst miners. You will not see your balance on the less-popular chain.

We expect the less-popular chain to quickly lose support and be abandoned, which is why we have not invested a lot of resources into adding the capability to interact with both chains separately.

They will also not allow accessing your current coins on the current Bitcoin network, unless BU implements replay protection:

In order for breadwallet users to be able to send and receive funds on the chain of their choosing, a feature called “replay protection” needs to be designed.

It should be the other way around – if BU wants to be supported, they must add replay-attack protection. Preventing people from accessing their Core coins until BU implements replay-attack protection is a sure way to ensure that BU never implements replay-attack protection. Insanity.

Bitrated (disclaimer: I'm the founder), BitGo and Bitonic got it right. It is not responsible to support BU unless they implement the hardfork-related safety measures (they're the ones initiating the fork, while Core stays put).

The only rational thing to do without these basic safety measures is to simply ignore BU.


Breadwallet, can you please stop this insanity, take a clear stand against technically irresponsible hardforks, and ensure that your users don't unknowingly get forced onto a new network that they never agreed to?

submitted by /u/shesek1
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Bitcoin

What are some examples of companies that have abandoned Bitcoin payment processors in favor of in house Bitcoin integration?

What are some examples of companies that have abandoned Bitcoin payment processors in favor of in house Bitcoin integration?

For example which companies previously relied on Coinbase or Bitpay that now accept Bitcoin directly without the assistance of any 3rd party payment processors?

Recent Questions – Bitcoin Stack Exchange