Bitcoin developer released SegWit2x statement

Jimmy Song believes that the most of the SegWit2x related forecasts are incorrect
08 November 2017   479

Jimmy Song, one of the Bitcoin developers published own thoughts on the upcoming Bitcoin hardfork, called SegWit2X. Let's look what he thinks.

I’m going to go through a few of the scenarios. Big caveat is that I don’t expect any of these scenarios to come to pass.
 

Jimmy Song

Bitcoin developer

On his opinion, the real situation is much more complicated. Next six month after the hardfork will decide Bitcoin's destiny, due to the fact that miners need some time in order to figure out, which coin is more profitable. 

A static, first order estimation of the current situation suggests that the current futures market price and current mining split is not stable economically. The people on different sides of the debate essentially stand on different sides of what will correct.
 

Jimmy Song

Bitcoin developer

Jimmy also promised to publish more thoughts in the nearest future.

Iranian Central Bank Doesn’t Recognize Bitcoin as Official Currency

The Central Bank of Iran announced that it has never recognized Bitcoin as an official currency and conducts no transactions in it or other cryptocurrencies  
22 February 2018   35

Last year, the Iranian government was interested in utilizing cryptocurrencies as a way of bypassing economic sanctions levied against the country. Today it completely changed its mind. The Central Bank of Iran announced that it will never recognize Crypto as official currency.

The bank informed citizens about risks of making investments because there is a chance to lose financial assets. Currently, the bank is cooperating with other institutions to develop mechanisms to control and prevent the use of cryptocurrencies in the country.

The wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme have made the market of these currencies highly unreliable and risky.

The Central Bank of Iran

However, there is some positive news. Today, Iran’s Information and Communications Technology (ICT) Minister Mohammad-Javad Azari Jahromi informed about the development of a local cryptocurrency by Post Bank. Unfortunately, the stage of research is not stated.