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Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

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On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic.

Also read: Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

The Relentless Attempt to Silence a Twitter Handle

The owner of the Twitter handle @Bitcoin believes the account is being restricted for being critical toward the Bitcoin Core (BTC) network and the Lightning Network (LN). Over the last few weeks, several BTC supporters have advocated having the account suspended or reassigned to a group of core developers.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

The dispute arose because the @Bitcoin account shows support for the Bitcoin Cash (BCH) network. Hardcore maximalists and LN proponents believe that because the account calls itself ‘Bitcoin,’ it is fraudulently impersonating what they believe is the ‘real’ Bitcoin. On March 15, Twitter user @Moonoverlord opined that the account should be handed to the group of developers known as Bitcoin Core.

“So embarrassing the Bitcoin handle acts like this,” Moonoverlord tweeted. “Should be given back to the bitcoin core team instead of being used to start petty fights and mislead people.”

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach
The @Bitcoin Twitter handle showing how the account’s traffic has been drastically reduced. Its owner suspects Twitter employees of shadow banning.

The former moderator of the r/bitcoin subreddit, a Reddit forum known for rampant censorship, also agreed with the idea and explained the handle could be given to any developers behind BTC. “Doesn’t have to be the core devs — Could be the group of devs @sqcrypto funds with just positive and informative content,” explained the Twitter handle known as ‘Stop and Decrypt.’ Blockstream VP of Solutions, Warren Togami, replied to Stop and Decrypt’s commentary by stating that “It’s better for the name to be frozen forever — The account has been committing fraud for a long time — Surely this is a violation of ToS.”

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

Twitter Suspensions and Shadow Bans

Following the controversy and people bickering about the handle this week, the @Bitcoin account detailed that it believed it was already being unfairly restricted. “Any journalists want to write about how Jack Dorsey (CEO of Twitter) is restricting accounts that are critical of one of his portfolio companies?” asked the Bitcoin handle on March 23. Twitter has also been accused of censorship and deplatforming for quite some time by many different critics.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

The Twitter founder is a publicly known Lightning Network investor and has helped fund the startup Lightning Labs. The Bitcoin account had previous problems with Twitter in April 2018, when the account was suspended for unknown reasons. After the account was suspended, the r/bitcoin community celebrated while others on social media thought the move by Twitter was immoral. For example, cryptocurrency news and research website Coinivore tweeted to Twitter and Jack Dorsey to say that the account “should be restored and allowed to express their opinion on scaling.” Eventually, the Bitcoin account was restored to the rightful owner, but ever since its social reach appears to have been neutered.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

The ‘One True Bitcoin’ Debate May Take Years to Settle

Right now the Bitcoin account doesn’t seem to be phased by the harassment and has continued to express opinions that are in opposition to scaling choices promoted by BTC and LN supporters. People who support the @Bitcoin handle expressing itself in any fashion have said that Bitcoin technology and the name are not a designated brand that solely belongs to BTC.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach
Twitter has censored Alex Jones, Info Wars, and many alt-right conservatives.

In fact, the protocol has been forked roughly 47 times since the notorious split on August 1, 2017, and there are individuals who believe there are many forms of Bitcoin now. The people who believe there is no ‘one real’ Bitcoin are convinced the protocol they support is the “better Bitcoin.” Among the 47 odd forks, groups of people think that there are only three chains that have decent support and it will take years for the market to decide which coin will be considered ‘the one and only Bitcoin.’ Even the amount of proof-of-work (PoW) could change in a 10-year period or another Bitcoin fork could capture the most accumulated PoW as well as the biggest market capitalization. On Saturday, entrepreneur Vinny Lingham expressed his opinion on this manner, writing that BTC is a clear winner and incumbent. Lingham added that “it’s going to take a Herculean effort for BCH and BSV to overtake it.”

“That said, the over-reliance on the Lightning Network for scaling and extreme focus on decentralization with the risk of high fees at any moment is a major limiting factor,” Lingham continued.

Another example that describes the situation perfectly was when independent cryptocurrency researcher Hasu Fly explained the set of circumstances that led to Bitcoin forks in December 2018. Within his memorable essay “Unpacking Bitcoin’s Social Contract,” Hasu noted that usually Bitcoin’s social contract cannot fork and typically only one contract remains after a split. However, the cryptocurrency researcher explained that the BCH fork was a rare and different story.

“Forking the protocol doesn’t equal forking the social contract, so the new token is worthless by default,” Hasu’s essay notes. “In the rare case that the social contract itself splits (like when bitcoin cash split off from bitcoin), you end up with two weaker social contracts—each agreed to by fewer people than the old one.”

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach
Some people believe the ‘one true’ Bitcoin has not been decided upon.

The Sum of All Coins

To many people, the ultimate decision will be made by network participants and the free market in regard to what the ‘better Bitcoin’ is and it may not be decided for a very long time. Also, there are cryptocurrency supporters who hold BCH, BTC, and BSV as a ‘sum of all coins’ investment approach, in order to see which one reigns supreme in the future. People of this opinion believe that the Bitcoin twitter handle should not be restricted or frozen by the whims of the mob and a Lightning Network investor. However, in the crypto community, the oppression of mob rule and censorship has been extremely heavy in recent times. The Orwellian thought process expressed on Twitter shouldn’t be too surprising since forums like r/bitcoin, many crypto thought leaders, and various censorship apologists have promoted the obvious manipulation within the Bitcoin community since 2015.

What do you think about the individuals trying to get the Bitcoin Twitter account suspended? Let us know what you think about this subject in the comments below.


Image credits: Shutterstock, Twitter, and Pixabay.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach appeared first on Bitcoin News.

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

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China’s Center for Information and Industry Development has released its latest crypto project ranking. Tron and EOS top the list out of the 35 crypto projects evaluated while Bitcoin has been downgraded slightly. The center also evaluated the projects independently based on basic technology, applicability, and creativity.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

March Ranking

The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 11th update of its crypto project ranking report on Friday. The number of crypto projects evaluated this month was 35, unchanged from the previous month.

“The results show that the world’s three major Dapp platforms — EOS, Tron, [and] Ethereum — still rank in the top three, [and] the scores are 155.7, 146.7 and 142.8, respectively,” the center wrote. Tron debuted last month, replacing Ethereum as the second highest ranked project. EOS has been in the top spot since it started being ranked in June last year. This month, BTC ranks 15th, down two places from the previous month. BCH also fell slightly from the 27th spot to the 31st spot.

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

3 Sub-Rankings

All 35 crypto projects were also evaluated based on three sub-categories: basic technology, applicability, and creativity.

The basic technology “sub-index accounts for 64% of the total index,” the center described, noting that this category “mainly examines the technical realization level of the public chain, including function, performance, security, and decentralization.” The top projects are EOS, Tron, Bitshares, Steem, and Gxchain. “Since the upgrade of Constantinople, the efficiency of the Ethereum network has improved, and the Ethereum basic technology index has also risen from the 9th [place] to the 6th,” the CCID pointed out. Nonetheless, it found that “the average of the basic technology index has slightly decreased from the previous period.”

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

The applicability “sub-index accounts for 20% of the total index,” the CCID continued, adding that this category mainly evaluates “the comprehensive level of public chain support for practical applications.” The top five projects are Ethereum, NEO, Nebulas, Tron, and Ontology. Unlike the basic technology category, the center said that “The average of the applicability index has increased from the previous period.”

The creativity “sub-index accounts for 16% of the total index,” and the top five projects are Bitcoin, Ethereum, EOS, Litecoin and Lisk. This category focuses on “continuous innovation in the public chain,” the CCID explained, adding that “The innovation sub-indices of Litecoin, Bytecoin, EOS, Nebulas and Hcash have increased significantly from the previous period,” However, the center concluded that overall, “the average value of the innovation sub-index has declined to a certain extent compared with the previous period, indicating that the activity of global public-chain technology innovation is decreasing.”

What do you think of CCID’s latest ranking? Let us know in the comments section below.


Images courtesy of Shutterstock and the CCID.


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The post China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin appeared first on Bitcoin News.

Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents

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The race to file blockchain patents has accelerated lately with one specific firm, Nchain Holdings, attempting to capture hundreds of distributed ledger-related patents. According to reports, self-proclaimed Satoshi – Craig Wright – and his Nchain business claim to have filed 666 patent applications to date, capturing a gigantic portfolio of intellectual property.

Also Read: Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright

So-Called Satoshi’s Quest to Patent the Blockchain

The notorious Craig Wright, a man who claims to be Satoshi Nakamoto, is continuing his effort to obtain hundreds of cryptocurrency and blockchain-related patents. Wright is the chief scientist of Nchain but is best known for his attempts to prove he created Bitcoin over a decade ago.

Craig 'Satoshi' Wright Claims to Have Filed 666 Blockchain Patents
Craig Wright, the chief scientist of Nchain Holdings, has filed for hundreds of patents over the years. Wright has also claimed to be Satoshi Nakamoto on numerous occasions.

Nchain has been relentlessly filing for digital currency and blockchain patents. According to a report published on March 7, Craig Wright and Nchain Holdings have applied for a total of 666 patents and they proudly announced this watershed moment after reaching this symbolic number.

“In fact, Craig Wright and Nchain have so many patent applications that we have now reached a fiendish milestone,” explains Nchain executive Jimmy Nguyen in the recent blog post. He continued:

Last month, Nchain filed patent application number 666 — That’s right — the number of the Beast, Satan himself.

Despite Nguyen’s claim, it’s hard to confirm the exact number of patents filed in Wright and Nchain’s name. The last report concerning Wright and Nchain’s patent acquisition was published and researched by the World Intellectual Property Organization (WIPO). The report states that since August 2017 the organization has found roughly 155 patent applications filed by Wright. Nchain has filed and been granted numerous patents over the last few years, to the extent that the relatively unknown company seems to have more patents than most financial incumbents. This includes top blockchain patent holders such as Alibaba, Bank of America, Mastercard, IBM, and Accenture.

Craig 'Satoshi' Wright Claims to Have Filed 666 Blockchain Patents
Both Wright and Nchain executive Jimmy Nguyen speak publicly about these patent filings on a regular basis.

Moreover, Nchain’s blockchain patent filings can be found throughout many patent and trademark offices across the globe in countries like the U.K., U.S., Japan, and China. The intellectual property requests include concepts like a blockchain counting system and a method for use in secure voting, an operating system for blockchain-based Internet-of-Things (IoT) devices, and an agent-based Turing complete feedback system built within a blockchain network. Those concepts are just scratching the surface when it comes to patent filings found peppered throughout the U.S. Patent and Trademark Office (USPTO), and the U.K.’s Intellectual Property Office.

Craig 'Satoshi' Wright Claims to Have Filed 666 Blockchain Patents

Technology Protection or Weapons for Patent Wars?

The large amount of filings begs the question: Why does Nchain Holdings and the self-proclaimed Satoshi Nakamoto need so many patents? According to Nchain, intellectual property (IP) is being obtained to protect the technology. Back in July of 2018, when Mastercard acquired a patent that facilitates anonymous cryptocurrency transactions, Coingeek’s Calvin Ayre stated: “This is precisely why Nchain has to go the patent route … to protect technology they invent to release open source.” In Nguyen’s latest blog post, the executive said that Nchain will “encourage companies to build on BSV where it will be free to use many of Nchain’s IP assets.”

“With hard work and great expense, Nchain has produced what we believe is the world’s largest and best quality blockchain patent portfolio in the world,” Nguyen’s blog post details. “Nchain will use its IP portfolio for good, not evil, to help the Bitcoin SV ecosystem.”

Many cryptocurrency users detest the idea of using patents within the cryptocurrency ecosystem, which is traditionally dominated by open source projects. With Visa, Mastercard, Bank of America, and Nchain, the range of patent applications lodged today is quite wide. Many cryptocurrency fans believe that patents are part of a strategic move to threaten developers, startups and smaller firms for years to come. Some digital asset proponents also believe the community should rally together to stop patent filers and large corporations from stealing prior art. A good majority of bitcoiners are not too worried about these patents for the specific reason that Bitcoin is prior art and technology that cannot be patented.

Craig 'Satoshi' Wright Claims to Have Filed 666 Blockchain Patents

However, some individuals have voiced concern over Wright and Nchain’s patent filing due to his dubious claims of being Bitcoin’s inventor. The greater Bitcoin community and most crypto fans in general do not believe Wright is Satoshi as he has been accused of plagiarism and condemned for creating phony blog posts, PGP keys, and allegedly doctoring many contracts and emails. However, skeptics like libertarian author Wendy McElroy believe that the “ignorance of the audience” and “knowing how to game the system” may maximize Wright’s chance of winning.

What do you think about Nchain and Craig Wright’s attempt to gather a vast collection of patents for the company’s IP portfolio? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Pixabay, Lens.org, WIPO.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents appeared first on Bitcoin News.

Kik’s Kin Cuts Deal with MadLipz and its 40m Short Form Video Creators

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The post Kik’s Kin Cuts Deal with MadLipz and its 40m Short Form Video Creators written by Richard Kastelein appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

MadLipz, a social entertainment app that allows users to easily express themselves using short-form video, announces that the integration of Kin cryptocurrency as a mechanism is now live in its mobile app. This is the result of a partnership with The Kin Foundation that was inked late last year.  MadLipz is part of a select group […]

The post Kik’s Kin Cuts Deal with MadLipz and its 40m Short Form Video Creators written by Richard Kastelein appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

Dragonchain Announces Partnership with Humanitarian Organization M2030, Facilitating Donation Processes with Blockchain to Fight Malaria

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The post Dragonchain Announces Partnership with Humanitarian Organization M2030, Facilitating Donation Processes with Blockchain to Fight Malaria written by Wieke Beenen appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

Dragonchain, a technology leader in the Blockchain space, is joining with M2030, a humanitarian organization dedicated to fighting malaria. With its education, project incubation, acceleration and enterprise services, Dragonchain’s goal is to empower M2030 with an enterprise-grade Blockchain solution. Through their brand, M2030 offers a smart system for partners to raise awareness through campaigns or […]

The post Dragonchain Announces Partnership with Humanitarian Organization M2030, Facilitating Donation Processes with Blockchain to Fight Malaria written by Wieke Beenen appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

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Cryptocurrency ATM operator Värdex Suisse has introduced BHC support to its devices. The company is a financially regulated entity that provides access to digital assets through its teller machines, POS services and partnerships with retailers in Switzerland and abroad.

Also read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments

Bitcoin Cash Available on All Värdex ATMs

“Bitcoin cash (BCH) is online and available now on all our ATMs!” Värdex Suisse announced in a tweet on Tuesday. The company claims it maintains the largest crypto ATM network in the Alpine nation. Its website shows 26 ATM locations in major Swiss cities such as Bern, Zurich, Geneva, Basel, Lucern, and Lausanne.

The company’s devices support the purchase and sale of three other leading cryptocurrencies as well: bitcoin core (BTC), ethereum (ETH) and litecoin (LTC).

BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

Värdex Suisse AG, originally founded as Bitcoin Suisse AG, has been operating independently since 2017 in order to meet the high demand in the retail sector for the kind of services it offers. The company is a member of the Financial Services Standards Association (VQF) and part of the Crypto Valley Zug Community.

Värdex also says its mission is to make buying and selling digital currencies “as seamless and easy as a regular visit to a bank ATM.” It is doing that through a number of partnerships, a recent example being the recently announced crypto exchange service offered by Liechtenstein’s post office with the help of the Swiss company.

350 ATMs Across Europe Support BCH

Switzerland is one of several countries in Europe that have made efforts to create favorable conditions for crypto companies and blockchain businesses. Its Crypto Valley, centered in the Canton of Zug, has expanded significantly over the last couple of years. It currently numbers about 750 companies including those based in neighboring Liechtenstein.

The business-friendly conditions and regulations have catalyzed the growth of the crypto-related services offered in the country. They include payment and teller services providing secure access to digital coins and increasing their mainstream adoption.

BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

According to data compiled by tracker website Coinatmradar, there are currently 52 bitcoin ATMs and crypto tellers across Switzerland. Around half of them now support purchases and sales of bitcoin cash.

The number of BCH trading devices has been growing in Europe as well, reaching around 350 across the region. However, the Old Continent is still lagging behind the U.S. where almost 1,200 ATMs offer bitcoin cash.

Is the number of ATMs supporting BCH growing in your region? Let us know in the comments section below.


Images courtesy of Shutterstock, Värdex Suisse.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post BCH Is Now Supported by a Large Crypto ATM Network in Switzerland appeared first on Bitcoin News.

PUBLIQ Named Finalist by UK Parliamentary Group for Blockchain Application in Media Category

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The post PUBLIQ Named Finalist by UK Parliamentary Group for Blockchain Application in Media Category written by Wieke Beenen appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

PUBLIQ, a global non-profit peer-to-peer distributed network that was founded to rebuild trust in media, was selected finalist by the UK All Party Parliamentary Group (APPG) on Blockchain for its 2019 showcase of companies solving real-world problems with fully functioning Blockchain technology. Among the ten company and institution finalists, PUBLIQ was the only Blockchain application […]

The post PUBLIQ Named Finalist by UK Parliamentary Group for Blockchain Application in Media Category written by Wieke Beenen appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

Next Stop: Derivatives

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The post Next Stop: Derivatives written by Andy Bing appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

The derivatives market in the Blockchain ecosystem has been quietly growing in the past year. The two largest derivatives exchange, BitMEX and OKEx are seeing over $700 million in trading volume daily, with OKEx reaching over $2 billion at its peak. The primary driver of revenue growth at the respective exchange is a perpetual swap, […]

The post Next Stop: Derivatives written by Andy Bing appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

FashionTV Leaps into the World of Blockchain by Partnering up with Decentralized E-commerce Platform WAAM

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The post FashionTV Leaps into the World of Blockchain by Partnering up with Decentralized E-commerce Platform WAAM written by Wieke Beenen appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

FashionTV, the international fashion and lifestyle broadcasting station which aims to provide original, unbiased and informative programming, is planning to join this new age in e-commerce by embedding WAAM across its channels, making the WAAM token an officially acceptable currency. Since its inception in 1997, FashionTV has reached over 1 billion people across the globe, […]

The post FashionTV Leaps into the World of Blockchain by Partnering up with Decentralized E-commerce Platform WAAM written by Wieke Beenen appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

Former Prime Minister of Denmark Joins Blockchain Identity Project Concordium as Strategic Advisor

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The post Former Prime Minister of Denmark Joins Blockchain Identity Project Concordium as Strategic Advisor written by Richard Kastelein appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics

Concordium, a Danish identity-validating, regulatorily compliant blockchain network, has announced that Anders Fogh Rasmussen, former Secretary-General of NATO and former Prime Minister of Denmark, has joined as a Strategic Advisor. Lars Seier Christensen, Chairman of Concordium, said: “Given the enormous scope and far-reaching potential of the Concordium Network, it is essential for the Concordium Foundation […]

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