“Let’s Raise the Bitcoin Block Size!” That’s Roger Ver’s take on the block size debate. But the Bitcoin leader has been such a staunch proponent of increasing the block size, we at CCN, thought we’d take some of Roger’s most recent quotes on increasing the block size so that Bitcoin can take on more transactions and make a listicle.
1. “I’m sure the current core developers are talented programmers, but most of them are clueless when it comes to basic economics, and providing an incentive for people to use Bitcoin.”
2. “I’m currently exploring options including starting my own mining pool, hiring a competing full-time dev team, or even hard forking Bitcoin to stay in line with Satoshi’s original vision of P2P cash.”
3. “If my group of like-minded supporters do hard fork Bitcoin, we will also likely change the proof of work to something that is most suited to general purpose CPUs rather than GPUs or ASICs.”
4. “I suspect that will be a real wakeup call to the current Bitcoin miners and hardware manufacturers that the market clearly needs and wants Bitcoin to be allowed to scale.”
5. “After talking with many of the Bitcoin miners from China over the last few days, and hearing that they currently are not willing to do the smart thing and allow Bitcoin to scale in a timely manner, I’m on the very verge of selling some of my Bitcoins. Perhaps one day very soon I will be devoting all of my attention to a hard fork of Bitcoin that actually allows scaling in a timely manner.”
6. “The current path that the small blockers are taking has the wrong economic code and will likely end in failure if Bitcoin isn’t allowed to scale soon.”
7. “Recently at a Silicon Valley Bitcoin meet-up I hosted, one of the current Bitcoin developers was literally telling people that they should use credit cards instead of Bitcoin. I think that is a ridiculous thing to say, since I specifically got involved to build a currency that can rival the Dollar, the Euro, and the Yen. Telling people to use credit cards won’t accomplish that goal.”
If you weren’t caught up before, now you are! These are some of Ver’s most recent thoughts on this important technical debate taking place inside the Bitcoin Community.
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Blocksafe, a blockchain-based system that provides secure access, personal monitoring and control of “smart” guns, will use Lisk sidechain technology to build out its blockchain and will issue a new token for use on that chain called “Trigger” (TRIG). Lisk is a public blockchain platform that provides decentralized blockchain apps.
Smart guns have embedded computers to enhance safety by preventing anyone other than authorized parties from firing the weapons.
Smart Guns Controversial
Smart guns have, nonetheless been controversial within the gun industry. Some gun enthusiasts see such guns as a step towards gun control, while others think the security technology to date is unreliable.
Kevin Barnes, founder and CEO of Blocksafe, maintains a blockchain-based system provides the ability to enable, disable, track and secure firearms without any centralized control or reporting. Blocksafe is primarily a software-based project, providing the infrastructure to support the smart-device hardware that manufacturers and 3D print projects use to enhance the safety and defense capabilities of firearms, Barnes told CCN.
A Firearms Access Revolution
“Blocksafe represents a revolution in managing access to firearms through the creation of a blockchain for smart gun technology,” said Barnes. “This will allow for gun owners to secure, manage and control access to who can use their firearms, disabling stolen weapons, while maintaining a decentralized database that has no central point of failure or control.”
Barnes believes Blocksafe brings improved security and privacy to every type of supported gun technology hardware.
If an unauthorized user tries to use a gun in the Blocksafe network, the network notifies the owner via smartphone.
A user gains access to a firearm through a smartphone app or through the web portal at www.blocksafe.network. The device gains access via a token ID assigned to the device from an API call. Blocksafe will provide SDK, API and support for other manufacturers.
Triggers Validate Ledger Data
“Combining blockchain technology and IoT (Internet of Things) creates a ‘machine to machine’ economy,” Barnes said.
The smart device requires Triggers tokens to store data on the ledger. Triggers tokens will work with smart gun technologies, including locks, magazines and other hardware such as third-party and user-created hardware that can be manufactured or 3D printed.
“The Triggers tokens are used to reward or compensate the validation of data written to the ledger,” Barnes said.
New Crowdsale Begins
To fund this project, the Blockchain Foundation will conduct a 28-day crowdsale, starting Thursday, Sept. 8, at 11 a.m. Eastern Standard Time . Triggers can be traded with other cryptocurrencies after the sale.
One third of the 100 million Triggers that will be created will be offered for sale during the crowdsale, which will be co-hosted by Bittrex, the largest alternative cryptocurrency exchange.
This marks the second crowdsale since the first crowdsale in July. The July crowdsale was successful since it attracted interest, support and exposure for the project, Barnes told CCN. “However, we realized that we needed a traditional token sale since the traditional Kickstarter-style rewards were not as compelling to investors as a tradeable token,” he said.
The crowdsale will run for 28 days with a first-day bonus of 20 percent and accelerating price throughout the sale.
Featured image from Shutterstock.