BCH to Repeat BTC Mistakes, Mike Hearn Says

A long-time btc developer who quit the project in 2016 broke his silence, opening up on the state of the project in a reddit Q&A
06 April 2018   596

Mike Hearn, after stopping work on bitcoin, joined the banking consortium R3. He expressed his opinion on a variety of issues, including Bitcoin Cash and the debate about the size of the block, which eventually led to the fact that last summer the ways of the developers diverged. This is reported by Coindesk.

It is worth noting, in particular, the words of Hearn about their own attempts to reform the protocol of bitcoin in 2015 and early 2016, which became harbingers of the fork. Together with Gavin Andersen, chief researcher at the Bitcoin Foundation, Hearn introduced a code to increase the block size, suggesting a hard fork, but his project did not go through the voting stage. Later, Hearn left the Bitcoin Core development team, writing that the bitcoin project "failed" due to problems with the community.

However, now Hearn believes that Bitcoin Cash inherited a lot of problems of the original project.

[Bitcoin cash] strongly resembles the bitcoin community of 2014. This is not good.
 

Mark Hearn

Ex-BTC Developer

Hearn also said that Bitcoin Cash, like bitcoin in 2014, is lacks "formalized governance" and communicates mainly through Reddit, where users, he said, can censor unpopular opinions.

Thus, he advised Bitcoin Cash users to "find a replacement" for a forum where the power of the moderator will be limited, and the community's views on future upgrades can be evaluated correctly. In particular, he expressed "alarm" over the fact that Bitcoin Cash plans to conduct hard fork in its срфшт, "with no attempt to measure support"

Nevertheless, he called the Bitcoin Cash community "brave."

"Liberate yourselves from just proceeding along the path Satoshi imagined and be willing to think radical, even heretical thoughts," he concluded.

Line to Launch Own Cryptoexchange

BitBox cryptocurrency exchange won't be available for US and Japanese citizens
28 June 2018   306

The developer of the Line instant messenger confirmed the information that it will launch a cryptocurrency exchange called BitBox next month. This is reported by TechCrunch.

In January, the company said that it plans to enter the cryptocurrency area with the launch of its own trading platform, but today it specified that BitBox will not be available to users from the US and Japan.

The new site will support 30 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and charge a commission of 0.1% for transactions. Line reported that it was taking tokens during the “an extensive screening process” which saw an internal commitment asses what on the market represents “the most reliable and safest trading for users.”

BitBox will be available worldwide, except for the two countries mentioned above, in 15 languages. New platform won't support fiat.

Every month, 200 million people use the Line Messenger. The possibilities of the service are not limited to the transmission of messages. It also allows to listen to music, send payments, etc. Most Line users live in Japan, so excluding Japanese traders will significantly limit the potential impact of BitBox.