Developer to Propose to Set $50k/BTC Price in Protocol

Looks like some developers use the GitHub as a way to celebrate Fool's Day
01 April 2019   481

A well-known developer Luke Dashjr made a proposal to make changes to the Bitcoin code, which will allow you to set the minimum cryptocurrency price for transactions of $ 50,000.

Certain parts of the community have been selling bitcoins for unreasonably low prices. This has halted Bitcoin's valuation at $20k and even driven the price down below $15k! However, clearly Bitcoin is worth much more than that, and there is widespread support for higher prices.

bip-usdprice defines a new field to indicate the price of transactions. Using this, we can softfork to require a minimum transaction price.

Luke Dashjr


According to Luke Dashjr’s proposal, starting with block 622370, which will be tentatively released on April 1, 2020, blocks with a bitcoin price in transactions below $ 50,000 will not be accepted by the network. 

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1008

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.