..

Ayre Commits to Never Allowing Bitmain to Chain Split Bitcoin Again

Written by:
Guest
Published on:
Sep/10/2018

Coingeek.com founder Calvin Ayre said Monday he will never allow Bitmain's bitcoin hash war to split the BCH chain.

Ayre's statement, which could be found here, reads:

"We will fight any attempts by anyone else to cause a chain split. CoinGeek and friends believe in the Satoshi Vision for the evolution of Bitcoin and that means all disputes should be settled by Nakamoto consensus and Miner hash elections. Nakamoto consensus dictates that at all times the longest chain (with the most Proof of Work) shall prevail and this will be respected at all times by CoinGeek Media and Mining. CoinGeek is also not the one attempting to recklessly introduce contentious, untested and unnecessary protocol changes to Bitcoin."

He added:

"The core dispute in this election is not a technical one at all. It is a difference of opinion concerning the future of Bitcoin’s platform (and existence). CoinGeek and most of the Bitcoin Mining community and all of the Application Development community support the philosophy of Satoshi Vision. We want to fully restore and then lock down the battle-tested Bitcoin protocol and create a stable consistent and scalable platform for innovation to occur on top of. (Certainly, once the original Bitcoin protocol is restored, it could later evolve but any updates should be rare and only done when necessary, fully tested, and supported by clear consensus.) This is the internet model where all the great companies and services are built on top of a 30-year-old base. As a large enterprise, SBI understands why big businesses need to have a platform that is both stable and scalable with large block size before they will commit time, money and resources to build their applications and projects on top of that platform.

"This will allow a vibrant Enterprise-level mining industry to flourish and a Cambrian explosion of application development and innovation that will drive the global adoption of Bitcoin as money. This will create economic freedom for everyone in the world and will especially be welcomed by the developing world."

Whatever the warring factions in the crypto space may be up to and no matter the wild price fluctuations of bitcoin (currently at $6300 as of this writing), there is one constant that can't be denied.  The online gambling sector, especially that which caters to the North American market, relies heavily on bitcoin.  Up to 70% of all transactions are said to be via cryptocurrency at some sites.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Is This a Good Time to Start a Sportsbook From Arizona?

Is This a Good Time to Start a Sportsbook From Arizona?

For bookies and agents in the state of Arizona, it is a terrific time to start a sportsbook using a powerful Pay Per Head software platform.

Is It Wise to Start a Bookie Business in the State of Illinois Now That There is Regulation?

Is It Wise to Start a Bookie Business in the State of Illinois Now That There is Regulation?

Local bookmakers in the state of Illinois will survive in the wake of a law passing that permits sports betting even at venues such as Wrigley Field.  It's easy to get started with proprietary Pay Per Head software.

Can I Start an Online Sportsbook From Alabama

You can start your own sportsbook from Alabama.  The US Supreme Court ruled to overturn decades long prohibition this past May. 

Finding an Easy to Navigate Agent Menu for Bookmaking, Sports Betting

Finding a Pay Per Head is easy.  Simply Google the term and a bunch of searches will pop up.  But many of today's most savvy bookmakers and agents will explore much deeper in an effort to find easy to navigate platforms and those that produce extensive reporting. 

The New Trending Crypto | Litecoin

The New Trending Crypto | Litecoin

Cryptocurrency is without doubt the hottest form of currency when it comes to paying for and receiving payouts from online sportsbooks. The beauty of cryptocurrency is the ease of use for both the sender and the receiver.

Syndicate