Bitcoin can be sent via SMS

A new app that is meant to oppose Internet censorship is announced
22 January 2018   473

A group of developers of a bitcoin-wallet Samourai, prioritizing privacy above all, has announced a unique app Pony Direct. It allows sending transactions to the Bitcoin network through SMS.

In a modern world, blocking access to the Internet based on a plethora of reasons becomes a censorship tool. In order to ensure a continuous flow of transactions, a solution that uses SMS to bypass such restrictions was realized. Considering the nature of an SMS to have a limit on symbols, a datachain of a transaction is first divided into corresponding parts to fit into multiple SMSs, the messages get sent and the receiving device that has a direct access to the Internet extracts the data from the SMSs and re-assembles the chain. Then, the recovered datachain is pushed into the Bitcoin network.

The idea of using SMS is not brand new: in summer of 2017 a Czech developer Pavol Prusnak created a tiny software that allowed transacting by means of SMS. The real difference of the announced product is that it is a full fledged bitcoin-wallet. The first readers of the announcement have warmly welcomed the project.

Lastly, following the team’s spirit of open source, everyone is free to check the app out by accessing the Github project page directly.

Poland’s Central Bank Sponsored Anti-Crypto Campaign

The Central Bank of Poland has admitted to sponsoring a smear campaign against cryptocurrencies on social networks
21 February 2018   38

According to a Polish news portal, the anti-crypto campaign was orchestrated by Youtube blogger from Poland, Gamellon. For this campaign, the Central Bank of Poland had spent 91,000 Zloty (about $27,000).

At the time of writing this article, this video has over 500,000 views and has not been marked as a paid promotion.

Gamellon used the hashtag #uważajnakryptowaluty, which stands for a website set up by the Polish government to warn users about cryptocurrencies. According to this site, there are several reasons on why users should be wary of cryptocurrencies.

Another blogger Planeta Faktów published a sponsored video on their channel titled ’10 Differences between money and cryptocurrency that you need to know’. It also has the same hashtag, #uważajnakryptowaluty. But unlike Gamellon ’s video, this one has an ‘Includes Paid Promotion’ tag at the start of the video.

There is no law against cryptocurrencies in Poland. But it is illegal to create sponsored content without explicitly mentioning it.