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Daily Archives: August 6, 2017
D.C.’s concealed-carry regulations just suffered a shot across the … – Washington Post
Posted: August 6, 2017 at 4:51 pm
By Doug Pennington By Doug Pennington August 4
Doug Pennington is a communications professional and D.C. resident.
News has been virtually exploding from our phones and televisions of late so much so that a cannon shot of a ruling from the U.S. Court of Appeals for the District of Columbia Circuit late last month was barely heard: Two judges on a three-judge panel struck down the Districts system of concealed-carry gun regulations as a violation of the Second Amendment.
What happens next holds critical implications for the safety of our neighborhoods, not only in the District but also in cities and states across the United States. Weak concealed-carry laws do not make Americans more secure.
The courts wrongheaded decision does not entirely come as a surprise. As I testified before the D.C. Council in 2014, One can hardly avoid the writing on the wall when it comes to ... laws that totally, or even virtually, prohibit carrying firearms outside the home.
That said, four other U.S. circuit courts have upheld the constitutionality of laws similar to the Districts, in which license applicants must provide local authorities with a good reason to carry a loaded, hidden handgun in public to justify the risks of doing so. For its part, the Supreme Court has so far shown little interest in plunging again into the thicket of gun violence prevention policy, and small wonder.
This area of law has produced general agreement among lower courts, in part because it presents a web of complex life-or-death problems that are far better suited for the peoples representatives to balance and resolve, rather than judges in the peace of [their] judicial chambers as Ronald Reagan appointee Judge J. Harvie Wilkinson III eloquently wrote in 2011.
The two D.C. Circuit judges, however, shot through that restrained judicial wisdom. They stretched the limited holding of the Supreme Courts landmark decision in D.C. v. Heller to press the broader cause of firearms deregulation. How?
It is important to recall that Justice Antonin Scalias majority opinion in Heller narrowly held that the Second Amendment protects the right to keep and bear arms at home for self-defense. In the courts first substantive Second Amendment case in nearly 70 years, however, Scalia also added a great deal of discussion of the amendments text and history, as he saw it including his understanding of what it means to bear, or carry, arms.
The D.C. Circuits majority opinion drafted by George W. Bush appointee Judge Thomas B. Griffith took advantage of this added verbiage, circumventing Hellers narrow holding in favor of essentially rewriting it to say there is a core constitutional right to carry guns outside the home.
The D.C. Circuits decision ham-handedly sweeps aside centuries of practice and precedent for strict concealed-carry regulation reaching back to 1300s England through the ratification of the 14th Amendment. The opinion also managed to take a snide, condescending tone, in a manner sadly consonant with the Trump era and beneath the gravity of the issues at stake.
Perhaps most significant, Griffiths opinion failed to acknowledge the fundamental difference about the Second Amendment identified years ago by Dennis Henigan, former vice president of the Brady Campaign to Prevent Gun Violence: The gun right recognized in Heller is the most dangerous right, unlike any other in the Constitution.
A wealth of empirical evidence shows, Henigan wrote, that the exercise of the right to possess guns increases the risk of harm to individuals exercising the right, to their families and to the community at large. Rather than respect this evidence and recognize that more than 125 D.C. residents have already received concealed-carry gun licenses, Griffiths opinion repeatedly compared gun rights with free speech rights. But as Americans have seen all too often from concealed-carry permit holders including the Washington Navy Yard shooter there are life-or-death matters at stake here.
This deeply problematic, and potentially dangerous, D.C. Circuit ruling should be vacated by the full D.C. Circuit, and the case should be reheard. Judge Karen LeCraft Henderson who was appointed by President George H.W. Bush wrote a masterful dissent that is practically a road map for such a reexamination. It soberly respects the text and history of the Constitution, Supreme Court precedent and the demonstrated public-safety concerns of the people of the District. As she wrote, Regulations restricting public carrying are all the more compelling in a geographically small but heavily populated urban area like the District. Quoting another case, she wrote that Washington is the seat of our national government, a city full of high-level government officials, diplomats, monuments, parades, protests and demonstrations and, perhaps most pertinent, countless government buildings where citizens are almost universally prohibited from possessing firearms.
If the full D.C. Circuit were to apply the same diligence to its analysis, it would follow Hendersons lead, reiterating a cross-ideological consensus from courts across the United States: We must uphold our Second Amendment rights while also allowing our elected officials to take reasonable steps to protect public safety.
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D.C.'s concealed-carry regulations just suffered a shot across the ... - Washington Post
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Smart guns and SAGA. The Second Amendment fight drags on – Hot Air
Posted: at 4:51 pm
A couple of Second Amendment stories to get your weekend started. The first has to do with the apparently endless debate over so-called smart guns and the efforts by #2A opponents to mandate the clunky and still basically experimental technology on the entire country. There was an event in Washington, D.C. this week where a group of gun control enthusiasts enlisted the aid of sympathetic law enforcement officers to push for the use of such technology by the nations police departments. It was organized by Washington CeaseFire and they were pushing the idea that smart guns which recognize the fingerprints of the cops who use them wouldnt be stolen and put to use by the bad guys. Meanwhile, they would work just fine when the police officers need them.
As Dan Spencer at RedState was quick to point out, this may sound nice in theory, but it simply doesnt work that way in the real world.
Smart guns can be hacked. In fact, just last week, a hacker rendered the technology in a leading German-manufactured smart gun completely useless. He could extend the firing range beyond the allowed distance, jam the gun from firing in the hands of its user or even disable the smart mechanism completely to fire it himself
For the IP1, the smart gun offers its owner nothing more than the appearance of security. Yet, the German manufacturers marketing claimed that the gun would usher in a new era of gun safety.
If theres one thing that law enforcement needs in the field, its reliability. Unfortunately, smart gun technology doesnt offer that. Until it does, we cannot even consider it, regardless of the stats or stunts that activists push.
The hacking question is certainly a valid one (and it remains a growing concern in all aspects of IT far beyond firearms) but its hardly the only issue. Plenty of experts have reviewed most of these guns before and found other, more fundamental problems. The time it takes for the weapon to initialize so that it recognizes the owner can be far too long. And a delay in being able to deploy your firearm in a critical law enforcement situation can add up to some dead cops pretty quickly. Also, some models have inherent flaws which allow the safety features to be disabled by someone with very little in the way of expertise. In short, this technology remains far from being ready for prime time. Its bad enough that some legislators want to mandate it for private use, but forcing this on law enforcement is simply a disaster waiting to happen.
Not all of the #2A news is bad, however. The National Rifle Associations Institute for Legislative Action (NRA-ILA) reports that New York Congressman Chris Collins has introduced new legislation which would standardize gun control laws across the country for popular rifles and shotguns, including specific parts for such firearms. Named the Second Amendment Guarantee Act (SAGA), the bill will be of particular interest to owners of so-called assault rifles such as the AR-15.
The bill is a response to antigun laws in a small handful of states including California, Connecticut, D.C., Maryland, Massachusetts, New Jersey, and New York that criminalize the mere possession of highly popular semiautomatic long guns widely available throughout the rest of the country. Although rifles or shotguns of any sort are used less often in murders than knives, blunt objects such as clubs or hammers, or even hands, fists, and feet, gun control advocates have sought to portray the banned guns as somehow uniquely dangerous to public safety
The SAGA would ensure that state regulations could not effectively prevent the manufacture, sale, importation, or possession of any rifle or shotgun lawfully available under federal law or impose any prohibitive taxes, fees, or design limitations on such firearms.
The NRA thanks Rep. Chris Collins for leading this important effort and urges his colleagues to cosponsor and support this staunchly pro-gun legislation.
Its a fine idea in theory, but given the Supreme Courts stubborn reluctance to say much of anything about the inherent nature of Second Amendment rights since Heller, its tough to predict how they might react. The entire states rights issue inevitably gets dragged into the question, despite the fact that the right to keep and bear arms is supposed to universal. The court has similarly been vague at best when it comes to questions of modifications to firearms such as larger capacity magazines, suppressors and adjustable stocks.
Still, Ill join with the NRA in thanking Congressman Collins and his co-sponsors for at least making the effort. The Senate Democrats will probably doom it to failure before it gets off the ground, but if nothing else it might bring the argument back to the forefront for voters as we approach the midterms.
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Smart guns and SAGA. The Second Amendment fight drags on - Hot Air
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U.S. Senate Candidate Pulls Out Gun at GOP Meeting to Prove He Is … – Breitbart News
Posted: at 4:51 pm
Roll Call reports that Moore was at the club on Thursday responding to a constituents question as to whether he supported the Second Amendment. Moore responded by saying, We carry, and pulling a handgun out of his wifes purse.
UNITED STATES AUGUST 3: GOP candidate for U.S. Senate Roy Moore returns his wifes hand gun to her after displaying it as a way to show support for the 2nd amendment after candidates were asked about their views on gun rights during a candidates forum in Valley, Ala., on Thursday, Aug. 3, 2017. The former Chief Justice of the Alabama Supreme Court is running tin the special election to fill the seat vacated by Attorney General Jeff Sessions. (Photo By Bill Clark/CQ Roll Call)
The gun was a snub-nose revolver that appeared to be made of lightweight materials for concealed carry.
Moore then handed the gun back to his wife so she could tuck it back into her purse. He later said, I will uphold the SecondAmendment.
The 70-year-old Moore is a former Alabama Supreme Court Justice. He is vying for a Senate seat currently held by Republican Luther Strange. Rep. Mo Brooks (R-AL) is trying to win Stranges seat as well, which makes the primary election extremely important.
All three men claim to be pro-Second Amendment and Rep. Brooks has released a number of ads focused on his pro-gun stance.
AWR Hawkins is the Second Amendment columnist for Breitbart News and host ofBullets with AWR Hawkins, a Breitbart News podcast. He is also the political analyst for Armed American Radio. Follow him on Twitter:@AWRHawkins. Reach him directly at awrhawkins@breitbart.com.
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U.S. Senate Candidate Pulls Out Gun at GOP Meeting to Prove He Is ... - Breitbart News
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First Amendment: When leaks dry up, we turn to FOIA – hays Post
Posted: at 4:51 pm
Lata Nott
When we talk about the importance of a free press, what were really talking about is how important it is for the press to serve as a watchdog on the government. The highest responsibility of journalism is to supply the people with information about what their government is doing, so that the people can hold the government accountable, and make the best possible decisions when they vote.
But if youre not a journalist (full disclosure: I am not), you may not give a lot of thought to how journalists get that information in the first place. Official government press releases and briefings arent really the place to find information about government misconduct. Obviously, leaks are a much better source when it comes to getting the real dirt. But the recent emphasis on prosecuting leakers is likely to have a major chilling effect on that source of information.
But there is a way that journalists can get their hands on FBI records, secret military policy memos, and NSA email exchanges without having to worry about their sources getting arrested or fired.
They can ask the government for them.
The Freedom of Information Act (FOIA) is a law that requires the government to hand over its records if someone asks for them. The act applies to federal government agencies, but every state has laws that allow the public to access its government records. Anyone can request information, whether theyre a U.S. citizen or foreign national. And anything can be requested.
A government agency can, of course, deny your request if it decides that the information youre seeking falls into an exemption category, like information that would threaten national security, or invade someones privacy. But if you think your FOIA request was unfairly denied, you can appeal, and if that doesnt work, you can sue.
Nabiha Syed, assistant general counsel for BuzzFeed, is intimately familiar with this process. A large part of her job involves getting government agencies to give up information that they would rather not share information that often ends up being crucial to BuzzFeeds reporting. She sees the right of the public to access government information as an exciting First Amendment frontier. For the most part, the First Amendment says, This is hands off, the governments not going to be involved, you guys figure out speech,' Syed says. And then you have the First Amendment right of access, which says, Yes, but also, we are going to allow you to use the law as a sword to get access to judicial proceedings, to official recordsto administrative proceedings.'
Requesting or fighting for government records is an instrumental part of BuzzFeeds reporting strategy. Such records have allowed the BuzzFeed News team to report on misconduct in death penalty executions, for-profit foster care scandals, and the widespread abuse of seasonal migrant workers. Just last month, BuzzFeed News obtained a secret Department of Defense report that stated that Chelsea Mannings disclosure of Iraq-related documents would be unlikely to have any impact on U.S. operations in Iraq (directly contradicting the governments position at Mannings trial).
To be sure, the system is far from perfect, as many information-seekers can attest. As Jason Fagone wrote in his article The Secret to Getting Top-Secret Secrets, The Freedom of Information Act, passed in 1966 to increase trust in government by encouraging transparency, has always been a pain in the ass. You write to an uncaring bureaucracy, you wait for months or years only to be denied or redacted into oblivion, and even if you do get lucky and extract some useful information, the world has already moved on to other topics.
But when it does work, the payoffs can be enormous. As Nabiha Syed says, How do we at least inject the information we need into the commons, into the public square, to try and heighten the conversations were having? At least getting the underlying facts out there, in ways that are hopefully more authoritative than anecdotal, I think would be really helpful.
Lata Nott is executive director of the First Amendment Center of the Newseum Institute. Contact her via email at lnott@newseum.org, or follow her on Twitter at @LataNott.
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First Amendment: When leaks dry up, we turn to FOIA - hays Post
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A new, dubious "smart" cryptocurrency for prostitution / Boing Boing – Boing Boing
Posted: at 4:49 pm
"Lust" is an initial coin offering based on the Ethereum blockchain platform, designed for prostitutes and their customers to exchange money for sexual services.
It uses smart contracts and anonymity features to escrow funding of the parties and keep their identities private, in order to avoid law-enforcement scrutiny and public shaming.
Leaving aside the thorny moral and social questions raised by the currency's intended use, there's the technical matter of how well this would work (and this technical matter wraps around to those moral and social questions).
The wireframe drawings of user interface features pictures of sex workers, selected by "elaborate filters based on skill ratings, age, eyes, hair color and other body parameters." The anonymity dimension of this platform is limited to the (presumably male) customers, not the (all-female) workers.
Likewise, the "smart contracts" favor one side of the bargain: the "key has to be scanned later if they make an agreement and meet otherwise the contract gets automatically closed in 48 hours, and the client gets his Etherium tokens back in the wallet" (note that "his" pronoun for the "client"). The game-theoretical aspects of this aren't hard to unpick: if the "client" has sex with the worker, and then does not scan her (sic) token, the client gets to have sex, and the worker gets nothing. Despite high-minded talk about preventing violence against sex-workers, the major threat-model addressed by these smart-contracts is men who don't feel like they got value for money when having sex, not women who perform sex-for-money and don't get paid for it.
Finally, there's the legal question: the people behind this cryptocurrency claim that "our system is not illegal anywhere in the world." That's just not true. There are plenty of territories in which simply using strong crypto is illegal, and others where having a nexus with the procurement of sex for money is itself illegal, no matter how attenuated the connection.
So, in a nutshell: this is a legally dubious platform designed to help men solve the problem of not being embarrassed when they procure the services of a female sex worker, and to protect them in the event that they choose not to pay for her services, but without any real protection for the sex workers' anonymity or ability to get paid.
Escrow deal based on smart contracts
Our escrow deals based on smart Ethereum contracts facilitate, verify, and enforce the negotiation or performance of a contract. An access key is generated from a clients wallet. The partner scans the key and the client gets the service without the intervention of a third party. Etherium tokens are returned back in case of non-performance of the agreement.
Decentralized platform
We are a decentralized online marketplace that enables users to transact without the need for a centralized location or any third-party arbitration. Experience hassle free transactions anonymously without any scams or fake reviews in a completely transparent setup. Decentralisation also implies that it can never be shut down, unlike dedicated servers.
Fully anonymous
You can register without any personal details on our website to connect with most desired body figures in an entirely incognito mode. We defend your privacy with features like cryptography, anonymous mail forwarding systems, digital signatures, and crypto-currencies to ensure smooth transactions.
Law does not prohibit
Whether you live in an extremely conservative country or in one of the most progressive ones, you can access our portal from anywhere at any time in the world. Whats better is, that our system is not illegal anywhere in the world. Since, it can be used everywhere instantly, you can find new partners even if youre visiting some other country or while travelling.
Lust
(via Beyond the Beyond)
Torontos crazy-insane property prices stayed high even through the 2008 crash and its aftermath, but sales volumes of houses of all types plummeted by 40.4% for July 2017-vs-July 2016, new listings are up by 5% over the same period and the average selling price has fallen by 19% since April.
Monsanto is facing over 100 lawsuits in a Federal district court in San Francisco brought by people who attribute their non-Hodgkins lymphoma to exposure to glyphosate in Monsantos Roundup weed-killer, and as part of the discovery process, it submitted internal documents to the court that detailed shenanigans in the companys internal science and its dealings []
Joseph Stiglitz, winner of a Nobel prize in economics, describes the foolishness of enacting further tax cuts for the wealthy in America, and the structural impediments that stand in the way of Trumps pursuit of this foolish goal.
Web technology has matured considerably in the last decade, and developers are continually in demand. If youre looking to add some skills to your resume, or are just interested in exploring the possibilities of the web, check out this Interactive Web Developer Bootcamp.In this course, youll get a comprehensive overview of full-stack development using modern []
Even if you only use your PC for web browsing, media playback, or light document creation, default software can sometimes come up short. To give your Windows PC a bit of a boost, weve compiled a variety of helpful, paid apps that can enhance your user experience and make you more productive.In thePremium PC Power []
Many people find it easiest to learn things by doing them. If youre looking to give a doer in your life an interesting, hands-on project, check out these tech-focused DIY kits:DIY AT-AT Cable Organizer & Card Case ($32.99)With this kit, you get to put together a wooden replica of an AT-AT that keeps cables, pens, []
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A new, dubious "smart" cryptocurrency for prostitution / Boing Boing - Boing Boing
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Bitcoin Price Holds Firm, Major Gains Catapult NEO Into Cryptocurrency Top 10 – The Merkle
Posted: at 4:49 pm
Everything is looking calm and quiet in the world of cryptocurrency. That is a more than welcome change after many weeks of price volatility and uncertainty. The Bitcoin price is holding its own around the US$3,175 mark for the time being, whereas other currencies havenoted some gains or small losses. Antshares, or NEO as it is known these days, is clearly the winner of the weekend with a 25.8% gain.
In the normal world of cryptocurrency as we know it, a Bitcoin price gain often leads to altcoins bleeding value. That has been the case for many years now, but it seemslike the trend reverses every so often. More specifically, the recent Bitcoin price gains to US$3,175 and beyond have not caused any major damage toaltcoins yet. Bitcoin Cash is the exception, but that project will face its own struggles for quite some time to come, regardless of how the Bitcoin price evolves. It is still the fourth-largest cryptocurrency by market cap but losing ground quickly these days.
What is rather remarkable is how Ethereum hasgained in value as well. The past few months have not been easy for this alternative currency. Network issues, ICO hacks, and other factors droveitsprice down by quite a bit. Things are finally looking up again for Ethereum, though, thanks to a 7.25% gain in the past 24 hours. Ethereum also has slightly more trading volume than Bitcoin, which could hint at more price gains in the nearfuture.
Prices for Litecoin, NEM, Ethereum Classic, and Dash have all remained virtually unchanged, barring some small losses and gains. Status quo in the cryptocurrency world is a very rare sight to behold, and thislooks to be one of the few times it can actually be witnessed. Rest assured this situation may look very different in just a few hours, but at the time of writing, it is almost a peaceful picture to behold.
That being said, there is one currency which has suddenly catapulted itself into the top 10. We discussed the concept of Antshares now known as NEO not too long ago. The project aims to become the Ethereum of China, which is a pretty bold statement. It is good to see projects with no lack of ambition these days. There have been far too many clones and copycat coins over these past few years; that much is evident. NEO is now the tenth-largest currency by market cap, thanks to a 25.84% gain over the past 24 hours.
There are no boring days in the world of cryptocurrency, even when most top altcoins remain stable. The big news of this weekend is how Bitcoin finally broke itsprevious all-time high and has beenseemingly able to hold its own without much effort. Its nice to see a Bitcoin price ofUS$3,175 and higher, as it has been coming for some time now. With a market cap of nearly US$53B, Bitcoin looks a lot stronger now than ever before. Maintaining this position for an extended period of time will still be a challenge, even for the king of cryptocurrencies.
Next week will be an interesting period to keep an eye on cryptocurrency pricing charts. No major news is expected, but rest assured market manipulators and speculators will try to shake things up once again. It is unclear what this might mean for the Bitcoin price over the next few days, though. Most of the volume pushing itsprice up came from Asia. That volume coulddry up pretty quickly and subsequentlysend prices crashing down again. These price charts will look very different a week from now; that much is almost a certainty.
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Bitcoin Price Holds Firm, Major Gains Catapult NEO Into Cryptocurrency Top 10 - The Merkle
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Illicit activity is hurting Bitcoin’s future | New York Post – New York Post
Posted: at 4:49 pm
Dear John: I really think you missed the boat on bitcoin.
You assume bitcoin is just money, when in fact it has many other uses. Its here to stay, and will disrupt every industry, including governance.
Bitcoin ATMs are an easy on/off ramp, since due to regulations in the US its very hard to get bitcoin today. If you look at all the companies (including all banks) that are looking into utilizing this technology, I think you may want to rethink your view.
Santander Bank alone will save $20 billion in internal transfers. E.G.
Dear E.G.: You are referring to a column I wrote about bitcoin being used to launder money from illegal activities.
It just so happens that last week a US jury indicted a Russian man for operating a digital bitcoin exchange that he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to drug trafficking. The guys name is Alexander Vinnik, and he was arrested in a small beach-side village in northern Greece. This is all according to a report by Reuters.
US officials alleged Vinnik and his firm received more than $4 billion in bitcoin and did substantial business in the US without allowing appropriate protocols to protect against money laundering and other crimes.
So that pretty much confirms what I wrote about the sudden growth of bitcoin ATMs throughout the city.
But lets also look at the illogical stance you are taking. You say that bitcoin is going to disrupt every industry, including governance.
If that were so if governments were going to be disrupted why would governments allow bitcoin and other digital currency to survive? They wouldnt.
Will there someday be a universal currency used by all countries? And will it be digital?
Probably. But thats not going to happen until bitcoin and the others control the illicit activities they are condoning, and until someone backs these currencies with something other than the full faith and credit of nothing.
In other words, eventually governments will band together to create and back a digital currency. And it probably wont be bitcoin.
Dear John: The only way to make going to the doctor affordable is to get rid of the insurance companies, Medicare and Medicaid.
When I first began working full-time in 1985, I went to a neighborhood doctor, God rest his soul.
For a $20 visit and another $20 for a prescription, he got me well. Follow-ups were free. He gave free samples. He even made house calls.
In a cash business, doctors would only be able to charge what the patients have in their wallets and pocketbooks. No greedy middle men. Prices would fall.
God bless and straight ahead. S.H.
Dear S.H.: I remember when I could get an ice cream cone for 25 cents and a decent dinner would cost $20.
But those days are gone.
And so is the Marcus Welby-era that you describe.
Now Id like to see some real letters on the health care problem.
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Illicit activity is hurting Bitcoin's future | New York Post - New York Post
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Bitcoin Cash – The All New Crypto Kid In Town – Seeking Alpha
Posted: at 4:49 pm
On August 1st, 2017, Bitcoin network hard forked as of block 478559. This was discussed in detail in my previous articles on the make or break bitcoin event and latest developments. As expected the event went out smoothly forking out the parent blockchain into two, bitcoin(BTC) and Bitcoin Cash (BCC or BTH). Now let us discuss a few interesting points about the new kid in town, the Bitcoin Cash.
The Bitcoin blockchain had forked apart, yet only few exchanges are allowing Bitcoin Cash in a tradable format. If you were holding before August 1st, you are owning Bitcoin Cash as well. But the catch is the tradability depends on the exchange where you trade. For example Bitfinex allows trading but Coinbase or Poloniex are yet to support Bitcoin Cash. So the bottom line is the overall liquidity is really low which makes the new coin heavily volatile. In the last 4 days, we have seen a high of nearly $1000 to a low of $200.
On August 3rd Poloniex came up with the below update
We will be crediting users who had BTC in their account balance at the time of the fork with matching BCH. We expect this to occur on or before 8/14/17. Keep in mind that we have not yet determined if we will be listing BCH as a market on Poloniex nor can we commit to supporting BCH withdrawals right away. The ability to withdraw BCH will depend on network stability which is completely outside of our control.
On August 5th Coinbase has come up with below update:
In the case of bitcoin cash, we made clear to our customers that we did not feel we could safely support it on the day it was launched. For customers who wanted immediate access to their bitcoin cash, we advised them to withdraw their bitcoin from the Coinbase platform. However, there are several points we want to make clear for our customers:
1. Both bitcoin and bitcoin cash remain safely stored on Coinbase.
2. Customers with balances of bitcoin at the time of the fork now have an equal quantity of bitcoin cash stored by Coinbase.
3. We operate by the general principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events.
The reason why many of the exchanges are not supporting Bitcoin Cash is because of the fact that the newly forked blockchain hasnt yet adjusted its difficulty, which happens automatically every 2016 blocks. As of now, Bitcoin cash blockchain is taking too long time to mine blocks and confirm transactions. For example, one block took nearly 10 hours instead of the ideal 10 minutes. Most exchanges require 8 block confirmations before they credit a deposit, so you can see how its basically impossible to move around bitcoin cash.
But eventually all exchanges will list Bitcoin Cash which could create huge selling pressure as investors see Bitcoin Cash as just a bonus. This is because the Bitcoin price has not gone southward after the split, which is normally the case with stock splits.
At the time of writing this article, Bitcoin Cash is the 4th highest valued crypto coin as per market cap. But sustaining this could be really hard once all exchanges start trading Bitcoin Cash. We can relate this with ethereum fork. The forked out ethereum classic reached the lowest mark of $1 before it gained momentum.
Bitcoin Cash has to prove itself for making it place worthy in the crypto space. We cannot predict its future as of now. I would personally recommend to keep your Bitcoins (BTC) for the long term and decide on BCC according to your conscience. Happy investing!!
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
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There’s a house full of cryptocurrency gurus in San Francisco, and it’s like a modern-day commune – CNBC
Posted: at 4:49 pm
"When we first got this place, I was the only girl who was here and I actually got involved with this place because I have amazing friends," said Toni Lane Casserly, a faculty member at Singularity University, a collaborative technology learning platform.
Lane-Casserly has seen a shift in her years in the space. When she first got there, people were telling her that Bitcoin was used for bad ends. Now people are asking her how they could get involved in the ecosystem.
Another roommate, Viviane Ford, had a similar experience.
"It's funny to see this slowly just gain more and more ground. We used to have a Bitcoin predictor on the window up there and we would guess by the end of the year it's going to hit a thousand or something." said Ford, vice president of Operations at Comma.ai.
"There was one moment where we had a big white board upstairs, a bunch of us were talking about different things and I think Bitcoin hit $2,000," she said, adding that "at that moment we popped a bottle of champagne and celebrated."
Whether Bitcoin or other crypto currencies are flying high or sliding backward, for the visitors and tenants of the Crypto Castle, it's about the game and not the score.
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Africa has entered the space race, with Ghana’s first satellite now orbiting earth – TechCrunch
Posted: at 4:48 pm
The GhanaSat-1Ghanas first satellitebegan its orbit recently, with a little help from some friends.
The cubesat, built by a Ghanaian engineering team at All Nations University, was delivered to NASAs International Space Station in June on a SpaceX rocket that took off from pad 39a at Kennedy Space Center, a NASA spokesperson confirmed.
The GhanaSat-1 deployed into orbit from the Center in July, and is now operational, according to project manager Richard Damoah, a Ghanaian professor and assistant research scientist at NASA.
This particular satellite has two missions, Damoah told TechCrunch. It has cameras on board for detailed monitoring of the coastlines of Ghana. Then theres an educational piecewe want to use it to integrate satellite technology into high school curriculum, he said.
GhanaSat-1 will send a signal to a ground station at All Nations Universitys Space Systems and Technology Laboratory. Thats where it was developed by a team of engineers that included Benjamin Bonsu, Ernest Teye Matey, and Joseph Quansah.
While Ghanas president Nana Akufo-Addo applauded the launch and congratulated the team directly, the project did not receive official Ghanaian government support, according to Damoah. Instead, Japans national space agency, JAXA, provided the bulk of the resources and training to develop the satellite.
The GhanaSat-1 deployment marks increased interest and activity in Africa toward space exploration. Nigerias first cubesat launched on the same SpaceX mission. Several nations, such as South Africa, Nigeria, Kenya and Ethiopia have space agencies. Angola announced its intention to launch a satellite over the coming year, said Elsie Kanza, Head of Africa at the World Economic Forum.
She also pointed to Pan-African efforts to coordinate space efforts, such as the African Unions African Space Policy and Strategy initiativeadopted last yearthat prompted AU members states to realize an African Outer space Programme, as one of the flagship programmes.of the AU Agenda.
Damoah believes the GhanaSat-1 deployment could prompt Ghanaian government resources toward a second satellite project coordinated by All Nations University and the countrys Science Space and Technology Center. After this launch, we now have the support of the president and cabinet support, he said. We are looking to develop a GhanaSat-2, with high resolution cameras, that could monitor things such as illegal mining, water use, and deforestation in the country.
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Africa has entered the space race, with Ghana's first satellite now orbiting earth - TechCrunch
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