Bitcoin Embassy May be Opened in Atlanta

Such an institution can be a platform for conducting profile events, a meeting place for members of the crypto community
01 March 2018   162

Chief Editor of the American Institute for Economic Research (AIER) Jeffrey Tucker proposes to create the Bitcoin Embassy in the United States, Atlanta, Hibusiness reports. The essence of the idea is that to unite supporters and create a friendly environment for participants in the crypto community.

That could be in April, depending on how fast we can build out the site, get the crypto ATMs in here, line up all the contractors and services, and so on. One of our services is a wallet recovery business, with a friend who works in Atlanta. The service is slammed with requests to recover lost bitcoin. He uses a variety of techniques and myriad of machines to bruteforce passwords and help people regain control of their money. That service now becomes a sector of the life of the Atlanta Bitcoin Embassy.

Jeffrey Tucker

Chief Editor, American Institute for Economic Research

Such an institution can be a platform for conducting profile events, a meeting place for members of the crypto community. In addition, it will be possible to unblock the crypto-currency wallet if necessary - Tucker suggests creating a whole business to restore wallets.

Jeffrey Tucker decided to create the Bitcoin Embassy after he got acquainted with a similar community in Israel.

Zero-confirmation BCH transactions to be kept in China

The Chinese exchange Bitasia declared about the start of supporting 0-confirmation transactions for BCH
23 March 2018   14

The trading platform Bitasia is one among the first exchanges to provide zero-confirmation transactions. Due to this fact the traders can use the platform as speedily as possible.

Bitasia is a platform which allows the traders to exchange a diversity of cryptocurrencies (ETH, ETC, LTC, BTC, BCH ect.). This week the exchange claimed that after some consideration the trading platform would hold 0-confirmation transactions for the Bitcoin Cash retail chain. For merchants and other businesses such kind of transactions suggests the possibility to accept a digital currency before the first web confirmation. Nevertheless, according to the common position within the BTC community, at least one confirmation is necessary in order to preclude double spends.

Lately the developers Gavin Andresen and Tom Harding made specific patches to prevent forgeries from happening while 0-confirmation transactions are held. But then they have removed those patches from the codebase of the core. Today the BCH programmers and the community in the whole believe that zero-confirmation transactions are safe and have begun testing 0-confirms during the past few weeks. The BCH supporters were excited to find out that Bitasia had been going to keep  zero-confirmations., a new website, has recently posted a list of all the double spends` attempts against zero-confirmation BCH transactions. Those who support Bitcoin Cash are rather sceptical of the website`s data because the most part of the transactions have a cost set lower than the network relay minimum requirement. That can be explained by the fact that transactions under 1 satoshi per byte are usually never promoted among the BCH clients. Due to this, many BCH upholders regard the website as an effort to spread FUD (fear, uncertainty and doubt).