bitcoin_silver

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What Is Bitcoin Silver?

It is safe to say things are getting incredibly ridiculous in the world of Bitcoin “offspring” right now. Bitcoin Gold is already a big joke as it is. To make matters even worse, we now have a Bitcoin Silver as well. At this rate, it is only a matter of time before we see a Bitcoin Bronze, Platinum, or who knows what else. Surprisingly, Bitcoin Silver and Bitcoin Gold are pretty similar in certain ways.

Bitcoin Silver is a Horrible Joke

While there are many differing opinions regarding the future of Bitcoin, not everyone needs to create his or her own coin to get a point across. Given the fact that Bitcoin is completely open source, it isn’t entirely surprising to see people take its source code, modify it, and spin it as if it’s a brand new coin. That seems to be happening right now with Bitcoin Gold and Bitcoin Silver. It’s the latter creation in particular which raises a lot of questions that will need to be answered sooner or later.

The Bitcoin Silver announcement on BitcoinTalk.org only confirms how much of a joke this project is. It uses the exact same mining algorithm as Bitcoin Gold, claims to be a hard fork of Bitcoin – which it isn’t – and aims to create value out of thin air. However, it does offer replay protection, which is something Bitcoin Gold has yet to implement. Its blocks will be 30 seconds apart on the network as well, which is pretty interesting.

The objective of this new cryptocurrency is to create a more decentralized version of Bitcoin as we know it. The issuance of new coins will start in December of this year, although no specific date has been announced as of right now. At that point in time, miners will begin the process of generating new coins using the Equihash mining algorithm.

As with Bitcoin Gold, Bitcoin Silver’s developers – lacking any reputation or Github link whatsoever – claim that their new “fork” will branch off the Bitcoin blockchain. However, it is far more likely the developers will snapshot the Bitcoin blockchain and decide to issue a lot of coins later on. After all, that is how we will see the issuance of BTG take place in the long run. It is unclear if Bitcoin Silver will have a premine, but that appears likely.

So far, the initial response to this new Bitcoin “fork” has been anything but positive. That shouldn’t really surprise anyone right now, as there is no need for this clone of Bitcoin Gold to begin with. In fact, one can argue Bitcoin Gold itself shouldn’t even be around, but that is a matter of opinion. Without any official Github repo or piece of code to look at, no one will take Bitcoin Silver any more seriously than they do Bitcoin Gold. These free “airdrops” have to end sooner or later, as things are getting out of hand in our opinion.

The bigger question is whether or not any (greedy) exchange will decide to support Bitcoin Silver in the future. It is evident this concept makes no sense and serves no real purpose whatsoever. Nor should it, for that matter, as no one asked for Bitcoin Silver to be created in the first place. This is a clear cash grab by some desperate developers who missed out on buying Bitcoin initially and just wish to capitalize on all of the hard fork momentum. This situation has quickly gone from bad to worse.

About The Author

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Bitcoin silver

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Do You Accept Bitcoin?

Yes. JM Bullion is proud to accept Bitcoin as a means of payment. Bitcoin is accepted on orders from $100 to a maximum of $250,000.

How Do I Pay With Bitcoin?

Making purchases using Bitcoin is both simple and convenient. Start by adding the desired products to your shopping cart. Next, select “Bitcoin” as your payment method. Verify that your order meets the $100 minimum and is at or below the order maximum of $250,000, then click “Checkout Now.” If you have an existing JM Bullion account, you will then be prompted to log in to complete the checkout process. If you do not have an account, you can checkout using the “Guest Checkout” option, and create an account at the conclusion of the checkout process if you like.

To complete the checkout process, your name, billing address, phone number and shipping address must all be provided. If you do not have a JM Bullion account, you will also be required to provide a valid email address.

Once this has been completed, click the “Proceed to Next Steps” button. You will then be presented with a BitPay invoice. You will have a 15 minute period in which to submit payment and complete your transaction. If your payment is not completed within the allotted 15 minutes, you will have to start over with a new order.

BitPay is a leading Bitcoin payment service provider founded in 2011 and headquartered in Atlanta, GA. BitPay processes merchant transactions made using Bitcoin, and is one of the largest Bitcoin processors in the world. Simply put, BitPay takes one side of the transaction on the merchant’s behalf, and then converts those Bitcoin payments into the merchant’s preferred currency, in this case U.S. Dollars. BitPay offers merchants a way to accept Bitcoin without the risks associated with price volatility, as payments made in bitcoins are converted immediately to the currency of choice. BitPay has built a track record of reliability, and JM Bullion is proud to incorporate their services for a seamless customer purchasing experience.

Payments made using Bitcoin can take up to one (1) business day to be received. Payments are cleared immediately upon receipt. Once cleared, your shipment will be prepared and sent out, with tracking information provided in the “My Account” section of the site.

Please Note: All Bitcoin payments are immediately converted to U.S. Dollars. Any refunds will be made in Bitcoin at the U.S. Dollar rate at the time of transaction.

What is the Exchange Rate for Bitcoin?

The Bitcoin exchange rate is in a constant state of flux, and can be viewed by visiting the BitPay site.

What Bitcoin Wallet Works Best for Making Payments in Bitcoin?

Bitcoin rates are always on the move, and this is why payments must be finalized within 15 minutes of order creation. Many Bitcoin exchanges cannot process a payment that quickly, which could result in your order being voided. Needless to say, this can cost time and money and be a frustrating experience. Not only that, but many wallets do not support Payment Protocol, which displays a URL or Payment Protocol QR code to provide the bitcoin address and transaction data securely to bitcoin wallets.

To avoid this, you may want to consider wallets that can deliver quick and reliable payments. Some of the popular Payment Protocol-compatible wallets include:

• BitPay Wallet
• Copay Wallet
• Airbitz Wallet
• Bitcoin Core Wallet
• Electrum Wallet
• Mycelium Wallet

If you have a wallet that is not listed above, it may fail to work properly with BitPay.

For questions regarding payments through BitPay and wallet compatibility, visit the BitPay support section.

Are Payments Made Using Bitcoin Subject to Discount?

Yes. Payments made using Bitcoin are eligible for a 3% discount compared to credit or debit card and PayPal payments. Product pricing is available on the site according to payment method, so you can see exactly how much you will be paying.

Can I Change a Payment Method to Bitcoin After the Order is Completed?

No. Payments made using credit/debit card, PayPal, bank wire or check cannot be changed to Bitcoin. Orders that have designated Bitcoin as the payment method cannot be changed to other methods once completed. Bitcoin purchases must be made through our site and must be designated at time of checkout.

What Are Your Shipping and Processing Times?

Bitcoin orders clear as soon as they are marked Paid in our system, which typically occurs within one (1) business day. Once the order is indicated as Paid, your bitcoin payment has been processed, and the order has entered the shipping queue.

• $100 Minimum
• $250,000 Maximum
• Discount rate: 3%

Can I Cancel an Order?

Once an order has been completed, it cannot be cancelled. Confirmed orders that have been completed but have not yet shipped may be offset using the “Current Asking Price” on the day of written notification. This, in effect, is selling the product directly back to JM Bullion at the current asking price.

Any offset requests must be made between 9am and 5pm EST. JM Bullion reserves the right to permit a cancellation or offset of your order.
For more information on cancellations and/or offsets, please visit the JM Bullion Terms and Conditions page.

How Are Bitcoin Refunds Applied?

Any refunds made on Bitcoin purchases will be made through Bitpay in Bitcoin at the U.S. Dollar rate at time of refund.

What is the current Bitcoin Price?

You can always view the current price by visiting our bitcoin price page. Our bitcoin price charts are an easy reference for current bitcoin prices. In addition to displaying the current bitcoin price, our interactive charts allow you to examine historical bitcoin prices.

Can I Make Payments Using Other Cryptocurrencies?

At this time, JM Bullion only accepts Bitcoin. With the rising popularity of cryptocurrencies, however, we are exploring adding additional cryptocurrencies in the future. We recommend checking back often to see if additional options have become available.

Bitcoin Overview

Since its establishment in 2008, the online payment system known as Bitcoin has enabled millions of customers to make and receive payments without the involvement of any banks or credit/debit card companies. The popularity of this payment method stems not only from the convenience of its transaction process, but also from the currency it uses, the bitcoin. The bitcoin serves as the single uniform piece of currency within the system, and enables people from different nations to make their purchases without having to concern themselves with current exchange rates. Understandably, it has become a popular means of payment among businesses that deal internationally, including precious metals dealers.

Yet, before customers commit to using this form of payment for their precious metal purchases, it is important to understand some of its potential risks and consequences. Bitcoin is still in the development phase and has many security and privacy issues it needs to resolve before it can be considered a reliable form of payment. In its present state, customers may want to consider more established forms of payment for their gold and silver purchases.

Advantages

The primary advantage to using Bitcoin is the convenience it offers. Because all transactions occur online, customers are not confined to the hours and location of any particular establishment. They can make their purchases at anytime from the comfort of their own home or office. Customers also appreciate that Bitcoin provides them with a single internationally accepted form of currency that can be used across the globe without the need for any additional conversion.

In addition to its convenience, many customers prefer this method of payment due to its affordability; Bitcoin transactions incur lower processing fees for merchants than those made with PayPal or credit/debit cards. As a result, customers end up paying lower premiums rates for their precious metals purchases.

Buying Gold & Silver With Bitcoin at JM Bullion

JM Bullion is proud to offer a Bitcoin payment option to our valued customers. You will now find a Bitcoin payment option at checkout. Those who make purchases using Bitcoin will receive a 3% discount, just as those who pay by bank wire and check do. To learn more about our other accepted forms of payment, please visit our Payment Methods Page or contact us directly at 800-276-6508.

Bitcoin Silver Rounds Available from JM Bullion

Today’s financial markets are focused on stocks, bonds, and mutual funds, while many investors still keep a keen eye fixed on the price of precious metals. Gold and silver have, throughout human history, been a source of protection for wealth. While nations once backed currencies with gold and individuals stored their personal wealth in silver, today most turn to it as a safety net against the volatility of economic markets.

Now, a new player is emerging in the form of Bitcoin. This leading cryptocurrency has surged in recent years, with the craze over cryptocurrency turning this form of monetary payment into a source of wealth protection. Individual investors have been spending thousands to get their hands on Bitcoin, and now you can own a symbol of this cryptocurrency in the form of a collectible silver round. JM Bullion has three exciting options available for collectors interested in getting a small piece of the Bitcoin craze.

What is Bitcoin?

Bitcoin is a cryptocurrency that exists completely within the digital realm. It is impossible to hold onto Bitcoin or see it in any physical form. Bitcoin was created in 2009 by an individual using the name Satoshi Nakamoto, though many today believe the name to have been an alias and the true identity of the individual remains unknown. Bitcoin was originally intended as a digital currency used for commercial transactions.

The idea behind Bitcoin is to provide people with a secure and anonymous means of purchasing goods online. It offered a much simpler means of making international transactions of all kinds because it is not tied to an individual country or bank, meaning it is not subject to regulation. While international money transfers can take days or weeks, Bitcoin can be shuttled around the world online to a recipient within minutes.

All transactions in Bitcoin are done through blockchain processing, and each individual purchase is recorded. A computer network that consists of several thousand computers loosely connected around the globe monitors all purchases made it Bitcoin to ensure no double payments are made. Initially, Bitcoin was intended for use in transactions between two individuals or an individual and a merchant. It could be transferred easily using a mobile app or a computer.

As the price of Bitcoin began to climb, more people flooded into the marketplace for Bitcoin and drove its price upward. The result of this activity has pushed Bitcoin away from a transactional method of payment in many cases and turned it into an investment. As speculation about its future persists, the price trends upward.

Acquiring Bitcoin

The original means of creating Bitcoin is a process known as mining. Individuals could solve complex mathematic equations to “mine” Bitcoin, and were awarded with 25 BTC. The reward for mining Bitcoin goes down by a factor of .5 every four years, meaning that over the long run the amount of Bitcoin possible in the market is limited. Initially, when Bitcoin’s price was lower people could also buy it on virtual exchanges in exchange for other fiat currencies. As prices rose above $15,000 per $1 USD, buying Bitcoin to spend became less likely as individuals hoarded Bitcoin in hopes of cashing in later on its rising value.

Fortunately, for those who love buying silver there is still another way to get their hands on something resembling Bitcoin. The introduction of Bitcoin Commemorative Rounds means that bitcoin prices don’t have to hamper the desire for some to get in on the action. JM Bullion is proud to carry the various Bitcoin designs available right now too!

Bitcoin Commemorative Rounds

The first silver commemorative products available to promote Bitcoin, which is not available as a physical specimen itself, arose in 2010. Based upon those original designs, the Osborne Mint released a three-round collection in 2017 that included two silver rounds and a copper round. Each silver round was available in 1 Troy oz of .999 pure silver, while the copper round had 1 ADVP ounce of .999 pure copper content.

Designs were shared across the three rounds in this collection. On the obverse of the rounds is the now-famous Bitcoin symbol. This symbol is similar to that of the US Dollar symbol ($), with a capital letter “B” found in the center with two vertical lines struck through it. The background field offers the impressive of digital circuits similar to those of the blockchain processing that powers Bitcoin transactions. Engravings on this face include “Bitcoin – Digital – Decentralized – Peer to Peer” and “One Ounce .999 Fine Silver.”

The reverse of the Bitcoin Commemorative Rounds includes a matte-finished square with the year of issue and the initials of the creator of this design, Michael Bruce. The 1 oz Antique Bitcoin Silver Commemorative Round features an antique polish that gives the rounds the appearance of ancient coinage, while highlighting the intricate details of the design elements.

Features of this release:

• Arrives in a capsule with Certificate of Authenticity.
• Original designs from Michael Bruce in 2010!
• Limited mintage of only 1,000 rounds!

Other options that were available in the Bitcoin Commemorative Round collection included the copper round. The copper round was in BU condition, a status that indicates the rounds had no signs of wear and tear, but did possibly possess breaks in the luster, spotted surfaces, or contact marks from the coining process. There was a silver proof as well, which combined matte design fields with mirrored backgrounds.

Bitcoin Guardian Rounds

From the Anonymous Mint, the Bitcoin Guardian Rounds feature a similar design theme to the obverse as other Bitcoin-themed silver rounds. The reverse field of the rounds is where the Anonymous collection sets itself apart from others. Designed, like many Anonymous Mint products, by lead coin designer Julie Lindquist, the Bitcoin Guardian Rounds are available in 1 AVDP oz of .999 pure copper and 1 Troy oz of .999 pure silver with either an antique or proof version.

The 1 oz Proof Bitcoin Guardian Silver Round features a limited mintage of only 3,000 rounds, and ships with a protective plastic capsule that includes Certificate of Authenticity. For the 1 oz Antique Bitcoin Guardian Silver Round, Anonymous Mint also offers a protective plastic capsule and a numbered Certificate of Authenticity. The rounds all have a serial number engraved on the edge that matches the COA. The antique version also has a limited mintage of 3,000 rounds. Antique polishes applied to this round showcase the intricate details of the design elements and provide a sense of old-world coinage.

In addition to the two silver rounds in this collection, Anonymous Mint struck a 1 oz Copper Bitcoin Guardian Round. All three rounds in this collection feature the same design elements on the obverse and the reverse:

• The obverse of the Bitcoin Guardian Rounds features the Bitcoin symbol that has become immensely popular in the cryptocurrency economy. The background field features a selection of binary code that aids in the transmission of this electronic currency. Engravings feature “Premier Peer to Peer Crypto Currency” above the field and “Physical Artifact for the Real World” below the design field.
• On the reverse of the Guardian Rounds is the left-profile portrait of the Guardian. The all-knowing, all-seeing Guardian has rays emanating from its eyes. His role is to watch over all the people of the world and ensure their rights are protected when they are buying and selling online.

JM Bullion is proud to say that it has teamed up with the Anonymous Mint as the exclusive release partner for the Bitcoin Guardian Silver and Copper Rounds. These limited issues of these rounds are available to you only from the JM Bullion online catalog.

About Anonymous Mint

Anonymous Mint is a private coining company in America. The mint is lead by Julie Lindquist on the vast majority of its projects. Her talents have helped the mint win praise from collectors. All of the mint’s products have limited-edition runs and small batches for each design release, making them ideal for collectors. The Anonymous Mint often works with other private mints to coordinate coining for its projects, with Lindquist and the creative team handling all of the design in-house on their own.

Buying Bitcoin Silver Rounds from JM Bullion

When you’re ready to get in on the Bitcoin craze, you can purchase your Bitcoin Silver Rounds from the JM Bullion catalog. You’ll find numerous payment options available to you. JM Bullion proudly accepts most major credit/debit cards, paper checks, PayPal transfers, and bank wire transfers.

Paper checks come with the benefit of a 4% discount compared to credit/debit cards and high maximum purchases, but take four to six business days to process. Credit/debit card purchases clear in one business day on average. Bank wire and PayPal transfers clear processing instantly, releasing your purchase to our fulfillment queue.

JM Bullion is also proud to accept Bitcoin for the purchase of Bitcoin Silver Rounds and all of our other precious metal products. Following the demand among other leading retailers like Overstock.com, Expedia, and Newegg, JM Bullion has partnered with BitPay to accept Bitcoin transactions for the purchase of any precious metal product in our vast catalog.

All JM Bullion purchases over $99 come with free standard shipping and insurance. You do have the option to select expedited shipping for an additional fee. Each product is shipped in discreet packaging via the US Postal Service or UPS. If your shipment is lost or stolen, JM Bullion will work to replace your products, or if supplies are exhausted provide you with a full refund of your purchase price.

Please contact JM Bullion associates with questions about Bitcoin Silver Rounds. You can reach us at 800-276-6508, connect with us online using our live chat, or email us.

Do you accept Bitcoin or Bitcoin Cash?

Yes, we do accept Bitcoin or Bitcoin Cash for payment. Bitcoin or Bitcoin Cash orders exceeding $250,000 (USD) are not accepted at this time.

How do I pay with Bitcoin or Bitcoin Cash?

If you wish to pay for your order with Bitcoin or Bitcoin Cash, simply select Bitcoin/Bitcoin Cash as your payment method in checkout and submit your order. You will be presented with an embedded BitPay invoice. At this time, you will have 15 minutes to submit your payment. You can scan the QR code on the page to pay via your mobile wallet or submit payment from your desktop wallet.

If your Bitcoin or Bitcoin Cash order is underpaid, you will be contacted by APMEX customer service with the option of selecting a different payment method. If we do not hear back from you within 48 business hours, your order will be canceled.

Where can I find the exchange rate for Bitcoin or Bitcoin Cash?

The exchange rate for orders paid by Bitcoin or Bitcoin Cash will be provided by BitPay. Find the current exchange rate here.

Which wallets work best for my Bitcoin or Bitcoin Cash payment?

The price of Bitcoin and Bitcoin Cash is always changing. To prevent those price changes from hurting our customers, we require transactions to be sent within 15 minutes.

Most Bitcoin exchanges cannot send a payment that quickly. As a result, the payment can arrive late and need to be refunded. This will cost you time and money.

Many Bitcoin or Bitcoin Cash wallets do not fully support payment protocol. These non-payment protocol wallets make it too easy to send the incorrect amount or send your Bitcoin or Bitcoin Cash to the wrong place.

BitPay recommends using a Bitcoin wallet that you can trust to successfully use for Bitcoin payments. Compatible wallets can be found here.

Do you accept other cryptocurrencies?

At this time we only accept Bitcoin and Bitcoin Cash. Please check back regularly as this is subject to change.

Are all payment methods available, regardless of the size of my order?

No. Please see the chart below for acceptable payment types and order amounts.

Is there a discount for paying with Bitcoin or Bitcoin Cash?

Yes. Bitcoin and Bitcoin Cash payments qualify for a 3.0% cash discount.

Can I change my payment method to or from Bitcoin or Bitcoin Cash?

Changing to Bitcoin or Bitcoin Cash is not permitted as this payment option is only available when your order is placed on our website. Similarly, at this time, we cannot change an existing order from Bitcoin or Bitcoin Cash to another payment method.

How long will it take to ship my order?

Once your payment has cleared through BitPay, we will begin packaging and shipping your order. Many Bitcoin and Bitcoin Cash orders qualify for our QuickShip® Program, providing next-day processing for domestic orders, with some exceptions based on the order contents. Once your order has shipped, you will receive an email confirmation that includes the tracking number. This information can also be found on your account page.

How long will it take to get my package?

APMEX generally packages and ships your order the following way (applies to domestic orders only):

• Credit Card, Bank Wire, PayPal, Bitcoin or Bitcoin Cash Orders (containing Pre-33 Gold or Jewelry) - Ship within 2 business days following the date of confirmed payment.
• Credit Card, Bank Wire, PayPal, Bitcoin or Bitcoin Cash Orders (not containing Pre-33 Gold or Jewelry) - Ship within 1 business day* following the date of confirmed payment.
• All Personal Check and eCheck Orders - Ship after a 4 business day holding period to verify funds. Additional holding days may be added if your bank delays confirmation of your check payment. Due to an increase in fraudulent activity, we no longer view bank/certified/cashier’s checks to be “as good as cash.” They are now also held for verification of funds.
• C.O.C. Orders (containing Pre-33 Gold or Jewelry) - Ship within 2 business days following the order date.
• C.O.C. Orders (not containing Pre-33 Gold or Jewelry) - Ship within 1 business day following the order date.

All these timelines exclude weekends and holidays.
* APMEX will provide our QuickShip® Program with next-day processing of domestic orders not including Pre-33 Gold or Jewelry paid by credit card, PayPal, Bitcoin, Bitcoin Cash or bank wires. Restrictions apply. Orders containing product(s) not designated with the QuickShip® logo may be subject to fulfillment delays.

Can I cancel my order?

Once we have issued a confirmation number, all prices are locked-in, whether buying from us or selling to us. It is not our intention to enter into buying and/or selling transactions, accepting the risks involved only to have them canceled. However, we realize rare situations happen where orders need to be canceled. Should you elect to cancel and/or offset your order, you must do so during normal business hours of 8 a.m. to 8 p.m. (ET) Monday – Thursday or 8 a.m. to 6 p.m. (ET) Friday. All cancellations are subject to our Market Loss Policy plus a $35.00 (USD) cancellation fee. Cancellations may only be approved over the telephone. At that time, if any market loss to APMEX has occurred, it will be calculated and added to the $35.00 (USD) cancellation fee. If applicable, any cancellation fee and/or market loss will be charged to your credit card for the full amount due, as per User Agreement. No future orders may be permitted until any market loss is paid in full. Any market gain on cancellations shall remain the property of APMEX. Additionally, APMEX is not responsible for any change in the Bitcoin exchange rate at the time of your order cancellation.

Can I pay market loss using the Bitcoin or Bitcoin Cash payment option?

The Bitcoin or Bitcoin Cash payment option is not available for the payment of market loss. These fees can be paid by credit card, personal check or bank wire.

What is your return policy?

We guarantee your satisfaction at APMEX. We provide all our customers with a refund, return and/or exchange policy on everything we sell including all bullion and certified coins. This right is limited to seven (7) days from the date on which the customer receives their items. The refund, return and/or exchange policy only applies to customers who notify our Customer Service Department by telephone at (800) 375-9006 during normal business hours within seven (7) days from the date on which the customer receives their item and keeps the item in its original packaging. The Customer Service Department will give you instructions on how to return your items and, at that time, you will be given a Return Authorization Number. All Bitcoin or Bitcoin Cash refunds are issued through BitPay at the USD rate at the time the refund is processed. APMEX is not responsible for any change in the Bitcoin or Bitcoin Cash exchange rate at the time of refund. Refunds for returns are not processed until after the returned item(s) has been received and verified.

How are Bitcoin or Bitcoin Cash refunds applied?

All Bitcoin or Bitcoin Cash refunds are issued through BitPay at the USD rate at the time the refund is processed. Refunds for returns are not processed until after the returned item(s) has been received and verified by APMEX.

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I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

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This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

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This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more

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What Is Bitcoin Silver?

It is safe to say things are getting incredibly ridiculous in the world of Bitcoin “offspring” right now. Bitcoin Gold is already a big joke as it is. To make matters even worse, we now have a Bitcoin Silver as well. At this rate, it is only a matter of time before we see a Bitcoin Bronze, Platinum, or who knows what else. Surprisingly, Bitcoin Silver and Bitcoin Gold are pretty similar in certain ways.

Bitcoin Silver is a Horrible Joke

While there are many differing opinions regarding the future of Bitcoin, not everyone needs to create his or her own coin to get a point across. Given the fact that Bitcoin is completely open source, it isn’t entirely surprising to see people take its source code, modify it, and spin it as if it’s a brand new coin. That seems to be happening right now with Bitcoin Gold and Bitcoin Silver. It’s the latter creation in particular which raises a lot of questions that will need to be answered sooner or later.

The Bitcoin Silver announcement on BitcoinTalk.org only confirms how much of a joke this project is. It uses the exact same mining algorithm as Bitcoin Gold, claims to be a hard fork of Bitcoin – which it isn’t – and aims to create value out of thin air. However, it does offer replay protection, which is something Bitcoin Gold has yet to implement. Its blocks will be 30 seconds apart on the network as well, which is pretty interesting.

The objective of this new cryptocurrency is to create a more decentralized version of Bitcoin as we know it. The issuance of new coins will start in December of this year, although no specific date has been announced as of right now. At that point in time, miners will begin the process of generating new coins using the Equihash mining algorithm.

As with Bitcoin Gold, Bitcoin Silver’s developers – lacking any reputation or Github link whatsoever – claim that their new “fork” will branch off the Bitcoin blockchain. However, it is far more likely the developers will snapshot the Bitcoin blockchain and decide to issue a lot of coins later on. After all, that is how we will see the issuance of BTG take place in the long run. It is unclear if Bitcoin Silver will have a premine, but that appears likely.

So far, the initial response to this new Bitcoin “fork” has been anything but positive. That shouldn’t really surprise anyone right now, as there is no need for this clone of Bitcoin Gold to begin with. In fact, one can argue Bitcoin Gold itself shouldn’t even be around, but that is a matter of opinion. Without any official Github repo or piece of code to look at, no one will take Bitcoin Silver any more seriously than they do Bitcoin Gold. These free “airdrops” have to end sooner or later, as things are getting out of hand in our opinion.

The bigger question is whether or not any (greedy) exchange will decide to support Bitcoin Silver in the future. It is evident this concept makes no sense and serves no real purpose whatsoever. Nor should it, for that matter, as no one asked for Bitcoin Silver to be created in the first place. This is a clear cash grab by some desperate developers who missed out on buying Bitcoin initially and just wish to capitalize on all of the hard fork momentum. This situation has quickly gone from bad to worse.

About The Author

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Bitcoin Smart Banknotes Launched in Singapore

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC.

Bitcoin Banknotes Debut in Singapore

Digital asset banknote manufacturer Tangem announced the launch of smart bitcoin banknotes at the Megafash Suntec City store in Singapore on Thursday.

Megafash store in Singapore.

The announcement states:

Available immediately in denominations of 0.01 and 0.05 BTC, Tangem Notes radically improve the simplicity and security of acquiring, owning, and circulating cryptocurrencies for both sophisticated and incoming users.

With headquarters in Switzerland’s cryptovalley Zug and Hong Kong, Tangem also has offices in Singapore, Moscow, and China, according to its website.

The company says it “is delivering the first shipment of 10,000 production notes to prospective partners and distributors around the world for commercial pilots.”

How Tangem’s Smart Banknotes Work

Tangem explains that their bitcoin smart banknotes are “Comparable to a well-protected paper banknote” and “Cheap enough to hand over.” Citing their ease of use, the company says there is “No special infrastructure, no complicated applications – just touch the banknote with an NFC-capable smartphone to be 100% sure it has valid assets.”

Illustration of how the banknotes work.

Transferring ownership of the notes is anonymous and instant, Tangem claims. “Physically hand over the whole wallet together with the blockchain private key. No transaction fees, no need to await confirmation blockchain.” Moreover, the company says that its banknotes are equipped with “high-grade EAL6+ protection for all cryptocurrencies. Irretrievable private keys prohibit replication of wallet and its assets.”

Competitor Opendime has long offered a physical product with a similar purpose but shaped more like a USB thumb drive and without any amount printed on them.

Security Questions

Tangem’s hardware is based on Samsung Semiconductor’s S3D350A chip. The company claims to offer “the first hardware storage solution on the market with its entire electronics and cryptography certified to the Common Criteria EAL6+ and EMVCo security standards.”

As with any embedded firmware-based product in the cryptocurrency space, security audits and open-source code are paramount to earning users’ trust to ensure that the company does not have access to the funds stored on their product. At the time of this writing, Tangem’s only publicly available code is for its iOS and Android apps on Github.

However, the company claims that it has shared the full source code of its proprietary chip firmware with a Swiss security firm, Kudelski Group, adding that this firm has completed an in-depth review and comprehensive security audit of its product’s architecture.

What do you think of these bitcoin smart banknotes? Let us know in the comments section below.

Images courtesy of Shutterstock, Samsung, and Tangem.

Need to calculate your bitcoin holdings? Check our tools section.

Another Fork?! The Bitcoin Silver Fork

It seems like I hear about a new Bitcoin fork almost everyday. After the Bitcoin gold fork and the upcoming SegWit2x fork, there is talk of another fork occurring called Bitcoin silver. The original information was posted on Bitcointalk.org. They wrote:

The purpose of Bitcoin Silver is to make Bitcoin mining decentralized again. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.

By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialized SHA256 mining equipment will be obsolete for mining the Bitcoin Silver blockchain. Thus, Bitcoin Silver will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations. A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision.

Many miners are not in favor of the SegWit2X fork because it is taking power away from the ordinary miner and putting it into the hands of major mining companies. There was an event called the New York Agreement where the top mining companies in the world decided to create SegWit2X.

The idea is so that transaction speeds and costs decrease. Cryptocurrencies are supposed to be decentralized but the SegWit2X fork goes against everything that decentralization is about. Decisions are supposed to be made by the people, not large companies.

How Can You Get Bitcoin Silver?

The development team went on to explain the process of receiving the coin during the fork:

The Bitcoin Silver (BTSI) initial coin distribution method is exactly the same as that used by Bitcoin Cash (BCH). All Bitcoin holders who possess BTC private keys in December (block still to be decided) will receive Bitcoin Silver on the rate of 1 BTC = 1 BTSI (If you have 20 BTC you will receive 20 BTSI). You need to control BTC private keys in order to make Bitcoin Silver transactions.

So what are your thoughts? Are all of these forks worth it? I personally think that they need to come up with a more effective way of making these changes to the Bitcoin infrastructure.