Monthly Archives: August 2017

Collins says his bill would restore New Yorkers’ Second Amendment rights – Wyoming County Free Press

Posted: August 16, 2017 at 5:54 pm

Press release

Congressman Chris Collins response to the Union-Sun & Journal's recent editorial (Aug. 11):

My bill would restore New Yorkers Second Amendment rights and doesnt supersede states rights.

I do believe in States rights, the need for local control and the 10th Amendment to the Constitution guaranteeing state rights. However, I want your readers to know my steadfast belief that states like New York should not have the ability to take away the Constitutional rights of their citizens. Under no circumstances should these basic rights be denied, and federal action is warranted in a situation where a state is infringing on the rights of any American.

The Constitution is the law of the land, and the Founding Fathers produced a document with a clear vision regarding Second Amendment rights. The Second Amendment can only be interpreted one way, and that is it guarantees that Americans have the right to own a firearm.

My proposed legislation, the Second Amendment Guarantee Act (SAGA), has sparked a needed conversation about the Second Amendment rights granted to Americans in the Constitution. In 2013, Gov. Andrew Cuomos Secure Ammunition and Firearms Enforcement (SAFE) Act infringed upon the rights of law-abiding New Yorkers by instituting strict rifle and shotgun regulations. As you pointed out, these regulations were put in place purely for political purposes.

SAGA focuses specifically on protecting Second Amendment rights, and in no way is taking away the rights of states. When a state crosses the line and starts to implement regulations that are in stark contrast to the basic rights given to Americans, action needs to be taken. That is exactly why I am proposing my law to rein in the unconstitutional policies that Cuomo forced into law.

Cuomo overstepped with the SAFE Act, and my proposal to repeal much of the law has had a great deal of support. SAGA isnt hypocritical; it is a sincere effort to bring back the freedoms given to New Yorkers by our Constitution when it comes to owning a firearm. Law abiding citizens should not be punished because of onerous and unconstitutional state regulations.

It is my duty as an elected representative to make sure my constituents are protected, and that includes protecting the basic rights granted to them in the Constitution. The SAFE Act only curbed the Second Amendment rights of law-abiding New Yorkers, instead of providing them with a safer place to live as promised by the governor.

The SAFE Act has done nothing to help our communities and has only taken away our freedoms. It is time we end this disastrous law for all New Yorkers and revert back to what the Founding Fathers intended for our nation.

See related: Collins proposes new measures for protecting Second Amendment rights

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Theres no hate speech exception to the First Amendment – The …

Posted: at 5:53 pm

The First Amendment protects the speech we hate to hear.

Hard as it is to accept, the right to express vile and repugnant thought is guarded by the Constitution. Of course, theres no right to smash a car into others who have gathered to express alternative opinions. But its the job of elected officials and law enforcement to protect both the purveyors of ugly language and those who gather to protest it.

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Thats reality for Governor Charlie Baker and Mayor Marty Walsh. Bracing for a free speech rally that might take place Saturday on Boston Common, on Monday they held a joint press conference to send the message that while Boston, the cradle of liberty, recognizes free speech, they really hope the haters choose another time and place to exercise their rights.

They are right to be disgusted by the weekend rally in Charlottesville, Va., which was organized by white supremacists and neo-Nazis. They are right to denounce their gospel of bigotry and hatred and the domestic terrorism it spawned. James Alex Fields Jr. of Ohio, 20 years old, allegedly smashed his car into people who were protesting the nationalist rally, killing Heather Heyer, 32, and injuring at least 19 others. Thats criminal, and theres no First Amendment protection for that.

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But trying to ban a Boston gathering undermines an underlying precept of our democracy. A corporation like Google can set the parameters of permitted speech in its workspace. Organizers of the St. Patricks Day parade can legally exclude a gay veterans group. But government cant restrict speech just because it sickens or offends others.

I dont want them here, we dont need them here, theres no reason to be here, said Walsh, about a rally planned by a mystery group whose organizers say they have nothing to do with the organizers behind the Charlottesville rally. Freedom of speech isnt about racist remarks and division, the mayor added.

Unfortunately, the mayor has it backwards. Constitutional protection is not needed so much for someone saying, I like you, said lawyer Harvey Silverglate, a staunch defender of First Amendment rights. But it assuredly is needed to protect someone who says, I hate you.

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Just last June, the Supreme Court unanimously reaffirmed what it called a bedrock principle: Speech may not be banned on the ground that it expresses ideas that offend. In a case which upheld the right of a band called The Slants to trademark its racially offensive name, Justice Samuel Alito wrote, Speech that demeans on the basis of race, ethnicity, gender, religion, age, disability, or any other similar ground is hateful; but the proudest boast of our free speech jurisprudence is that we protect the freedom to express the thought that we hate.

When it comes to neo-Nazis, the right to promote their twisted thinking goes back to the 1977 case Nationalist Socialist Party of America v. Village of Skokie. Organizers who described their group as a Nazi organization wanted to march through the streets of Skokie, Ill., which was at the time a village where over half the residents were Jewish, some survivors of Nazi concentration camps. The residents of Skokie argued the march would incite or promote hatred against persons of Jewish faith or ancestry. In the end, the Supreme Court upheld the Nazis right to march with swastikas, on the grounds that promoting religious hatred is not a reason for suppressing speech.

We can and should speak up against hate. As the Supreme Court makes clear, theres no hate speech exception to the First Amendment. With that freedom comes a heavy burden for government officials like Baker and Walsh, who must try to keep protected speech from turning into acts of violence.

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First Amendment banned from DC Metro literally! – Washington Post

Posted: at 5:53 pm

In November 2015, the Washington Metropolitan Area Transportation Authority (WMATA), operator of the Washington public transit (bus and Metro) system, amendedguidelines regarding commercial advertisements that it would accept for Metro cars and Metro stations. The guidelines contain 14 numbered restrictions, including these four:

Ostensibly applying these guidelines, WMATA made some rather peculiar decisions, refusing, for example, to accept advertisements from:

And, rather astonishingly, WMATA rejected an ACLU ad consisting of nothing but the text of the First Amendment (in English, Spanish and Arabic) alongside the ACLU logo (Guideline 9: intended to influence the public regarding an issue on which there are varying opinions (!!))

[The rejected ads can all be seen here.]

The ACLU recently filed suit on behalf of itself, Yiannopoulos, Carafem and PETA in D.C. federal district court arguing that the WMATA policy is a violation of the First Amendment both on its face and as applied to the plaintiffs. [The complaint is posted here.]*

Note * Apparently, the ACLU has taken some heat from its supporters for including Yiannopoulos as a co-plaintiff. That is unfortunate; the ACLUs habit of taking the position that speech even speech we might regard as offensive, from people we might regard as offensive is worthy of protection may be maddening at times, but it is a highly principled one, and is itself worthy of support and protection.

The plaintiffs, surely, have a strong case. On what possible grounds can WMATA defend rejecting an advertisement consisting of the text of the First Amendment? Who decides whether any particular issue is one on which there are varying opinions, and on what basis is that decision made? Why should PETAs non-commercial message (Dont eat meat) be prohibited while Burger Kings commercial message (Eat more meat)is allowed?

WMATA will undoubtedly rely heavily on Lehman v. City of Shaker Heights (1974), a case in which the Supreme Court upheld (5 to 4) a ban on all political advertising in the Shaker Heights transit system. The court there rejected the notion that the rail and bus cars constitute a public forum protected by the First Amendment with a guarantee of nondiscriminatory access to such publicly owned and controlled areas of communication.

The streetcar audience is a captive audience. It is there as a matter of necessity, not of choice. Here, we have no open spaces, no meeting hall, park, street corner, or other public thoroughfare. Instead, the city is engaged in commerce. It must provide rapid, convenient, pleasant, and inexpensive service to the commuters of Shaker Heights. The car [advertising] space, although incidental to the provision of public transportation, is a part of the commercial venture. In much the same way that a newspaper or periodical, or even a radio or television station, need not accept every proffer of advertising from the general public, a city transit system has discretion to develop and make reasonable choices concerning the type of advertising that may be displayed in its vehicles.

The level of scrutiny such governmental action would receive would be low: the choices must simply be reasonable, and the policies and practices governing access to the transit systems advertising space must not be arbitrary, capricious, or invidious.

The ACLUs complaint argues that the guidelines constitute viewpoint discrimination of a kind that was not present in Lehmanallowing messages that reflect the AMAs (or the governments) views on health-related matters, or those that reflectcommercialpositions on industry goals, while rejecting advertisements reflecting other viewpoints requires the court to engage in a more exacting First Amendment analysis.

They may well succeed in that argument. Even if they dont, though, its hard to see a a court upholding WMATAs decision here even under the relaxed reasonableness standard. To my eye, these certainly do look like the kind of arbitrary, capricious, or invidious decisions that, even under a generous reading of Lehman,WMATA, as a state actor, has to steer clear of.

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There’s No ‘Nazi’ Exception to the First Amendment – National Review

Posted: at 5:53 pm

Piers Morgan is at it again:

Morgan is echoing an idea that has been advanced repeatedly in the last couple of days: To wit, that there is something particular about Nazism that makes it ineligible for protection under the Bill of Rights. This is flat-out wrong. And, more than that, its dangerous. Abhorrent and ugly as they invariably are, there simply is no exception to the First Amendment that exempts Nazis, white supremacists, KKK members, Soviet apologists, or anyone else who harbors disgraceful or illiberal views. As the courts have made abundantly clear, the rules are the same for ghastly little plonkers such as Richard Spencer as they are for William Shakespeare. If that werent true, the First Amendment would be pointless.

This is not a controversial statement. It is not an interesting view. It is not a contrarian contribution to an intractable grey area. It is a fact. There are a handful of limits to free speech in the United States, and all of them are exceptions of form rather than of viewpoint. Heres Eugene Volokh to explain that further:

To be sure, there are some kinds of speech that are unprotected by the First Amendment. But those narrow exceptions have nothing to do with hate speech in any conventionally used sense of the term. For instance, there is an exception for fighting words face-to-face personal insults addressed to a specific person, of the sort that are likely to start an immediate fight.

. . .

The same is true of the other narrow exceptions, such as for true threats of illegal conduct or incitement intended to and likely to produce imminent illegal conduct (i.e., illegal conduct in the next few hours or maybe days, as opposed to some illegal conduct some time in the future). Indeed, threatening to kill someone because hes black (or white), or intentionally inciting someone to a likely and immediate attack on someone because hes Muslim (or Christian or Jewish), can be made a crime. But this isnt because its hate speech; its because its illegal to make true threats and incite imminent crimes against anyone and for any reason, for instance because they are police officers or capitalists or just someone who is sleeping with the speakers ex-girlfriend.

Under the doctrine laid out by a unanimous Supreme Court in the seminal Brandenburg v. Ohio decision, incitement to imminent lawless action may in some circumstances be prosecuted. But this rule is universal and narrow, and, crucially, is in no way akin to the sort of hate speech exceptions that obtain in every other country, and that so many Americans seem to believe exist here too. Under U.S. law it is legal for a speaker to say broadly that all the Jews should be killed or that it is time for a revolution, or that slavery is good, and it is not legal for a speaker to say to a crowd, lets all go and kill that guy wearing the yarmulke, or meet me in an hour at the armory and well start our insurrection at the Post Office, or look at that black guy over there in the blue t-shirt, lets chain him to my car.Who is saying these things, however, does not matter in the slightest. Whether one likes it or not, Brandenburg applies as much to neo-Nazis as to the Amish, as consistently to Old Testament preachers as to gay rights activists, and as broadly to my mother as to David Duke. It applies in exactly the same way to good people, to bad people, and to those in between.

It is, in other words, a principle a principle that cannot be obviated by cynical word games or by thinly disguised special pleading. I believe in free speech, but or I just dont think this is a free speech issue both popular lines at the moment simply will not cut it as arguments. On the contrary. In reality, all that the but and the I just dont think mean is that the speaker hopes to exempt certain people because he doesnt like them. But one can no more get away from ones inconsistencies by saying its not a speech issue to me than one can get away from the charge that one is unreliable on due process insisting in certain cases, well, thats not a due process issue to me. This is a free speech issue. Those who wish it werent just trying to have it both ways to argue bluntly for censorship, and then to pretend that they arent.

Leaving aside that the Supreme Court has been extremely clear on this matter, time and time again (inter alia, see: Brandenburg v. Ohio, R.A.V. v. City of St. Paul, Matal v. Tam),it seems obvious as a philosophical matter that any robust free speech protections will have to be assiduously neutral if they are to be useful at all. The purpose of the First Amendment is to deprive the government of the capacity to determine at the point of a bayonet what is true, and what is not; what is good, and what is not; what is acceptable to the ruling class, and what is not. To accept this arrangement is not to suggest that one thinks the Nazis might have a point, or to imply that one believes that we need the Bill of Rights in case Richard Spencers race science turns out to be true. And, however rhetorically effective it might be to pretend otherwise,it is in no way to defend those people. Rather, it is to propose that the only effective way of preventing governmental abuses is to take away its oversight of viewpoints in toto. Moreover, it isto submit that, having been born with ahost of unalienable rights, free human beings are not obliged to ask their employees in the government for permission to speak their minds.

In a country such as this one, that means that disgusting reprobates such as those who marched in Charlottesville will be beyond the reach of the state at least until they go beyond speech and into the realm of action (which does not include carrying a torch or a flag or wearing a t-shirt, but certainly does include driving a car into another human being). Is that distressing? Yes, it is. Had I been in Charlottesville at the weekend,Id no doubt have been even more appalled than I was watching it on television.But the salient question is not whether the status quo can be upsetting, but whether it is better than the alternative. Piers Morgan believes that If America doesnt wake up to the fact that what these Nazis did in Charlottesville is not free speech . . . it is in deep trouble. It seems obvious to me that the precise opposite is true. No free speech for fascists is an incoherent, almost Orwellian, position.Happily andon a routinelybipartisan basis the Supreme Court concurs.

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There's No 'Nazi' Exception to the First Amendment - National Review

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Neo-Nazi site Daily Stormer resurfaces with Russian domain following Google and GoDaddy bans – Vox

Posted: at 5:52 pm

After being refused service by two domain registrars and a hosting provider, a notorious neo-Nazi site has apparently fled to a Russian domain and a new server host, with a backup on the dark web.

The Daily Stormer came under fire following the events in Charlottesville, Virginia, over the weekend. The neo-Nazi website had its account terminated with domain registrar GoDaddy on Sunday after Twitter users complained about a post lobbing insults and slurs at Heather Heyer, the anti-racism demonstrator who was killed in Charlottesville. The website also quietly had its server hosting disabled by hosting company Scaleway. And even though the website quickly moved to another domain registration company, Google, Google promptly terminated its account.

Thus, heading into Tuesday, the site founded by prominent neo-Nazi Andrew Anglin in 2013 was essentially bouncing around looking for places to land. It briefly attempted to gain hosting through a Chinese service provider at the URL DailyStormer.wang, only to quickly be taken offline.

Next, the site attempted to set up shop on the dark web, using a .onion domain. Websites on the dark web are hidden from search engines and can only be accessed by special browsers such as a Tor browser. But the sites move underground didnt last long. Currently its home on the dark web is a parked announcement that it has relocated to DailyStormer.Ru:

The .ru domain in the URL isnt exactly proof that the website is now hosted in Russia, because anyone can register a .ru domain. A Whois lookup for the .ru site reveals that the controversial hosting proxy CloudFlare, which has refused to terminate its business relationship with the neo-Nazi forum, continues to mask the identity of the sites true server host.

On the website, Anglin celebrated the sites return with a litany of anti-Semitism and criticism of GoDaddy and Google, calling the latter an anti-speech site. He also took the opportunity to deliver more insults against Heyer, whose memorial is today.

Update: The Dailystormer.ru domain now appears to be offline as well; the .onion domain accessible via Tor browser has not updated. We are following developments and will update this article as new iterations of the site appear.

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Cryptocurrency Exchange ShapeShift Acquires Bitcoin Wallet Startup – CoinDesk

Posted: at 5:51 pm

Cryptocurrency exchange ShapeShift has acquired the bitcoin hardware wallet startup KeepKey, the two firms announced today.

ShapeShift will continue to use the KeepKey brand and its staff will stay on to continue working on the hardware product line, according to today's announcement. KeepKey had originally integrated with ShapeShift by way of its API last summer.

The deal the terms of which were not disclosed represents the first acquisition of a startup specifically focused on hardware products.

"This partnership will not only guarantee the future success of the KeepKey brand and product line, but joining the ShapeShift team will enable us to focus on continuing to work on developing better technology and security for crypto-holders,"Ken Hodler, KeepKey's chief technology officer, said in a statement.

The deal comes months after ShapeShift closeda $10.4 million funding round. At the time, the exchange drew on a list of backers that includedEarlybird Venture Capital, which led the round.

It also follows a move by KeepKey toend its supportlate last month for the long-running MultiBit bitcoin wallet. KeepKey first acquired MultiBitin May 2016.

Disclosure:CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in ShapeShift.

Image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [emailprotected].

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From UFC To Fighting Fake News With Cryptocurrency – SportTechie

Posted: at 5:51 pm

A new social network is paying users to post as long as their content is verified.

OnG.Social, the social media platform of parent company OneName Global, Inc., allows users to create posts using a centralized dashboard that can then distribute those posts on a users other social networks Facebook, Twitter, LinkedIn, etc. These posts are then authenticated by professionals.

In return for posting verified information, users will earnonG-Coins, an original cryptocurrency that rewards truth and seeks to block the spread of fake news. That idea caught on with Adrian Rosenbusch, a former UFC cutman who signed a sponsorship deal withonG.Social after meeting Chris Kramer, the CEO of OneName Global. After seeing what Kramer put into the company, Rosenbusch joined full-time in 2014 as Chief Visionary Officer.

Its a real passion project, which is really what drew me to it in the first place, Rosenbusch told SportTechie. Were having people evangelize our messages because they really believe in it. One such evangelist is Kenny Florian, a former UFC fighter.

On Monday, onG.Social offered its first shares ofonG-Coin in an initial coin offering that was pre-valued at $25 million, according to the onG-Coin website. The ability of users to make money off their posts was intriguing to many in the professional fighting industry, Rosenbusch said, because it allows them to share content about their lives and monetize it. It also gives a platform to fighters who want to start businesses but dont necessarily know where to start.

OnG.Social is backed by IBM after participating in the tech giants Global Entrepreneur program, Rosenbusch said. He added that IBMs pursuit of blockchain technologies goes hand-in-hand with onG.Socials mission. OnG.Social was live as a social platform before it entered the blockchain, but now uses the Ethereum and Waves blockchain platforms, which promotes extra security and reliability, according to a press release.

IBM, theyre busy right now with their own projects in blockchain, so were all doing our thing together. We all see in the same direction, Rosenbusch said.

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In its move to the blockchain, onG.Social will also include the APIs to decentralized social networks such as Steemit, Akasha, Golem, and MaidSafe, among others.

The key to onG.Socials core mission is the Gravity algorithm, which takes into account the validity and social impact of posts and awards cryptocurrency, according to the press release. Posts are validated by community experts for example, apost on a medical procedure would be deemed true or not by a doctor, Rosenbusch said and assigned a Gravity score that would make the post more or less visible.

The users whose posts have low or negative Gravity scores would not be silenced or shut down, as a low-performing channel might be by its corporate parent, but rather ignored by a majority of users.

That alone takes away so many of the problems you have with status-quo networks, where if youre just arguing for the sake of arguing, or posting negative content youll get a low Gravity score, you wont get shut down, Rosenbusch explained. Its all up to the user. Nobodys silencing your voice, but also nobodys paying attention to you.

Instead, Rosenbusch said, the companys goal is to bring people together, allow for the largest multitude of voices, and to protect users content.

The initial coin offering is open until mid-September, and investors who buy onG-Coin can vote, in Reddit fashion, on posts made on onG.Social. The social network is entirely free to use.

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Will the Bitcoin Fork Continue to Boost the Cryptocurrency’s Value? – TheStreet.com

Posted: at 5:51 pm

It is now just over two weeks the Bitcoin split happened creating a new currency - Bitcoin Cash. To make intelligent decisions on where Bitcoin may be headed, it's imperative to take a look at how this historic fork has impacted the cryptocurrency landscape.

Trace Schmeltz at Barnes & Thornburg LLP explains what is crystal clear: the Bitcoin market has become more valuable than ever.

"By all accounts, this new currency is now the third most valuable cryptocurrency in the world, despite a slow start out of the gate," Schmeltz says. "The Bitcoin market both BTC and BCC - is more valuable than ever before. It would appear that the market has reacted favorably to this early test of currency run by the masses -- what appears to be democracy in action."

Schmeltz explains the recent fork demonstrates that a currency without a central governing body can survive controversy. "Here, of course, a large number of BTC community-members firmly believed that the 'segregated witness' methodology some members wanted to adopt to expand Bitcoin violated core principles of the first cryptocurrency," Schmeltz says. "So, they 'split off,' or created a fork in the distributed ledger, to form BCC -- Bitcoin Cash."

Ryan Radloff, head of investor relations at XBT Provider, explains there have been multiple forks in Bitcoin's history. "In a funny way, it's a feedback mechanism or voting system by the community to choose which version of a protocol upgrade they believe is best for the coin," Radloff says. "The strongest and most fit will survive, just like anything in life."

But the reasons for the fork, of course, are complex. Radloff explains it happens when a suggested protocol upgrade (code-base update) is not supported by the entire network and thus, the entire network does not upgrade or implement the change.

"At this point, there are two versions of the codebase, with a shared history that diverges at a specific point in time --at which point all future transactions are unique to each codebase and recorded on a different blockchain," Radloff says. "With respect to the recent Bitcoin fork which resulted in Bitcoin Cash: a rule in the original protocol limited the number of transactions per second."

This has created drawbacks as the scale of the network has grown larger. As a result, a group of developers who maintain the network, alongside the core Bitcoin developers, created a rival token known as Bitcoin Cash, designed to allow more transactions per second.

"The core development team also implemented a solution which makes it easier to build protocol on top of the Bitcoin network which allows faster transactions," Radloff says. "This approach has seen widespread adoption and is allowing the network to scale up - likely a partial driver of the most recent rally."

All is not hunky-dory in the Bitcoin world and we must acknowledge prepare for further problems.

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Aaron Lasher, co-founder and CMO of Breadwallet, noted thatBitcoin has a scaling problem and can only clear about three transactions per second.

"Due to its popularity, it's operating at max capacity," Lasher says. "The fork was the culmination of almost three years of heated debate about how to scale bitcoin so that it can process transactions more quickly. Two sides had very different solutions, each with trade-offs that require deep knowledge in computer science, technology, and economics to fully comprehend."

Lasher explains that, ideally, the community of developers, miners and users would have come to a consensus and preserved the network as one Bitcoin, but that didn't happen and the network split in two. The landscape has changed, because now neither scaling solution is hypothetical; they are both in the wild, where they will compete for dominance in the marketplace.

This is what a top bitcoin player is doing right now.

Is another Bitcoin fork for possible?

"Regarding another split or fork for Bitcoin - generally speaking spin-off's are good for both entities - old one and newly created," says Krzysztof Kolaczynski, the founder of STABLE, a company which aims to reduce the inefficiencies existing in cryptocurrency markets and stabilize them. "But inthe nearest future, I don't think that another fork would be good for Bitcoin."

"The worst possibility for me at this moment is arranging in the near term another fork - that could put the trust under the danger and I am afraid that it would trigger a cascade reaction of new forks and we don't know what would be the consequences,"Kolaczynski adds.

Kolaczynski explains we should wait at least couple of months in order to see if Bitcoin and Bitcoin Cash benefited both entities arranged into this deal.

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Bitcoin’s Next Battle May Already Be Looming – Fortune

Posted: at 5:51 pm

Hi everyone, it's Yuji from Tokyo. I've been writing about the trials and tribulations of bitcoin for more than a year.

The recent bitcoin civil war has been an ugly, highly politicized affair, with each side trying to manipulate the media and tilt public opinion in their favor. After almost every one of my articles went out, I was bombarded by opinionated enthusiasts through Twitter, email, and even face-to-face.

That's why the community breathed a sigh of relief last month with a compromise called SegWit2x, an upgrade to bitcoin's underlying software. After the agreement, the cryptocurrency has doubled in price, with bulls predicting a new golden age of blockchain innovation and more gains.

The problem is that SegWit2x is a two-step process, and only the first one is complete. The second step, scheduled for November, is already generating controversy and could halt the rally unless things go smoothly. Given the community's stormy history, I would expect anything but. If you own or follow bitcoin, here are three things to watch in the coming months:

The first step of SegWit2x was SegWit, which has fixed bugs and given developers room to add new blockchain functions. As a result, if we start to actually see new tools being tested or implemented (like Lightning), it would go a long way to proving the bullish thesis that bitcoin can be as innovative as other cryptocurrencies, like ethereum. The second step of SegWit2x aims to double transaction capacity (hence "2x"). It was included to win support from miners, who earn fees from transactions. The problem is that some developers are now saying SegWit can do the same thing, and are backing away from the scheduled implementation in November. If support for "2x" part falls apart, either the miners or developers could walk away from the agreement, rekindling worries of a bigger split that rocked the currency in mid July. SegWit2x didn't please everyone, and a minority of miners later broke off to form a new version of bitcoin called Bitcoin Cash. While its market value is currently just a tenth of bitcoin, it has been winning support from key businesses such as Coinbase and BitGo. If this trend accelerates and if Bitcoin Cash's price rises, it could create incentives for more miners to abandon the original bitcoin and migrate to the new version, or even create more offshoots. The battle has been as much about bitcoin's rightful identity as it's been about protecting economic interests. Miners want it to function as a nimble payment system similar to Visa , which would let them earn more transaction fees. Their opponents, developers who upkeep bitcoin's software, want it to act more as a robust platform that allows them to build new functions on top. Reconciling these two needs is at the core of the ongoing internecine battle, making it even more important for stakeholders to keep an eye on developments through November.

The Uber investor and boardroom drama continues unabated. The ride-hailing company is in exclusive talks to line up funding from four investors, but a deal, which could reach as much as $12 billion, hangs on the outcome of a courtroom brawl between Travis Kalanick and Benchmark.

A billionaire comes out of hiding. Chen Tianqiao, who built game developer Shanda Interactive Entertainment into what was once Chinas biggest internet company (big enough to rival Alibaba and Tencent), disappeared after leaving China and taking his company private in 2012. Now, hes ready to talk again, donating money for research into the human brain.

Staring at the sun isnt really a good idea. So Amazon is cracking down on sellers of fake eye protection for viewing this months total solar eclipse in North America. The web retailers efforts to police faulty or counterfeit eclipse-viewing glasses has caught up one small merchant in Utah.

Its Netflix , but at movie theaters. Mitch Lowe, a Netflix co-founder, has an extreme proposal for how to get more people into seats: Let them come to all the showings they want for about $9.95 per month. His startup, MoviePass, plans to drop the price of the companys movie ticket subscriptions, with the goal of amassing a large base of customers and collect data on viewing behaviors.

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Bitcoin ticks higher following pullback from record – MarketWatch

Posted: at 5:51 pm

The price of bitcoin rose Wednesday, following a brief dip below the $4,000 mark, in an apparent run at another record high.

Bitcoin BTCUSD, +4.87% touched an all-time high of $4,483.55 on Tuesday, following a record close at $4,382.74 on Monday, according to Coindesk. Following a slight pullback, the price of bitcoin was last up 2.6% at $4,315.41, after touching an intraday high of $4,410.98. For its part, the greenback, as gauged by the U.S. dollar index DXY, -0.37% , declined 0.3% to 93.57.

The cryptocurrency has been on a streak of setting records lately. Having first broken the $1,000 barrier in November 2013, bitcoin took until May of this year to break the $2,000 barrier, with $3,000 surpassed in June and then $4,000 this past Sunday.

On Tuesday, blockchain technology company Blockstream said it is using leased satellites to transmit access to the blockchain, which accounts for all transactions and maintains cryptocurrency integrity, to two-thirds of the worlds landmass and expects global coverage by the end of the year.

At a $71.06 billion market cap, bitcoin is in the same neighborhood as such S&P 500 index SPX, +0.14% companies such as Costco Wholesale Corp. COST, +2.16% , DuPont DD, +0.53% , and Netflix Inc. NFLX, +0.88% .

Ether, the cryptocurrency running on the Etherium network, was up 3.9% at $301.20 , off its high of $388.49 set on June 15.

Read: Opinion: How you can make easy money from the bitcoin bubble

The total market capitalization for all cryptocurrencies currently stands at $140.48 billion, according to Coinmarketcap.com, just under the market cap of Boeing Co. BA, -0.66% ,and slightly more valuable than International Business Machines Corp. IBM, +0.30%

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Bitcoin ticks higher following pullback from record - MarketWatch

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