Mike Hearn and Gavin Andresen have launched Bitcoin XT, /r/bitcoin moderators have decided to ban all posts regarding the controversial alternative implementation, new research has found that marketplaces on the dark web frequently process more bitcoin transactions than BitPay, and more top stories for August 17.
Bitcoin XT Released, Reddit Mods Accused of Censorship
After much ado, Mike Hearn and Gavin Andresen launched Bitcoin XT this weekend. The alternative Bitcoin implementation, designed to force a hard fork in order to allow for bigger blocks once enough miners agree, is a controversial step by Hearn and Andresen meant to further increase the scalability of Bitcoin. Due to the controversial nature of Bitcoin XT, /r/bitcoin moderators have decided to ban all posts regarding Bitcoin XT, which in turn caused a major uproar within the Bitcoin community.
Dark Web Markets ‘Processed more Bitcoin than BitPay in 2014’
New research by Kyle Soska and Nicolas Christin from Carnegie Mellon University has found that marketplaces on the dark web frequently processed more bitcoin transactions than BitPay last year.
Their report reads:
“In the short four years since the development of the original Silk Road, total volumes have reached up to US$650,000 daily (averaged over 30-day