Samourai Wallet urged to boycott BitPay

According to the team of popular wallet, BitPay now uses BIP70 instead of BIP21
04 January 2018   851

The team of popular wallet Samourai, said that the industry's largest processing service BitPay, without any warning or discussion with the developers, refused to support the standard display scheme for end users of payment requests described in BIP21. Instead, BitPay adopted a questionable and not widely supported BIP70 scheme.

BIP21 scheme is accepted by all wallets and service providers from 2012 and ensures that regardless of the software used QR codes and payment requests are created and interpreted in one standard way. This ensures maximum compatibility and interoperability of software and services in a decentralized network with open source.

Needless to say, Bitpays decision to drop all support for this fundamental open standard, will harm the overall user experience not improve it, as they claim to be striving for.

Samurai Wallet Team

BIP70 was initially proposed in 2013 by Gavin Addresen and Mike Hearn, developers who received notoriety thanks to the so-called "black lists" of bitcoins. The proposal itself was received by the community extremely ambiguously, and due to concern about the security and privacy of users, wallets and service providers for the most part did not accept it.

In particular, BIP70 introduces a requirement for developers to support legacy dependencies of the public key infrastructure that have a long history of discovered vulnerabilities (openssl, heartbleed, etc.). In addition, the wide implementation of BIP70 increases the risk of monitoring and monitoring of onchain transactions within AML / KYC requirements and the creation of more efficient blacklists.

We have to be very clear here. Samourai Wallet will not support BIP70 in our products, therefore, our wallet users will NOT be able to send bitcoin to QR codes generated by Bitpay invoices, as they do not provide a valid Bitcoin address. If you want to make payments to a QR code provided by Bitpay you will need to use a wallet that has enabled BIP70.

Samurai Wallet Team

 Also, developers say they refuse to accept BitPay's aggressive use of the dominant position of the company in the marketplace and to force purse providers to support their business plans or force users to use the system that adversely affects their privacy and the interchangeability of bitcoin as a whole.

According to representatives of Samourai Wallet, BitPay should focus its efforts on restoring its image and brand after the failure of the SegWit2x, to which they made significant efforts.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   90

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.