Skrumble on mew3/15/2023 Most of the jockeying for bitcoin supremacy taking place on Satoshi’s Place is harmless internet banter a childish manifestation of the sort of put downs that are normally exchanged on crypto Twitter. This week, Satoshi’s Place has formed the ground zero for the tribes to exchange insults and deface one another’s logos.Ī selection of the crowdsourced ‘art’ to be found at Satoshi’s Place Ostensibly it’s about scaling (BCH supporters prefer on-chain scaling and bitcoin as a medium of exchange rather than store of value while BTC proponents prefer the opposite), but in truth the camps are so diametrically opposed now that blockchain scaling is merely the excuse for battle. Much like the long-running feud between the Montagues and Capulets in Romeo & Juliet, the origins of the BTC/BCH beef have been lost to the mists of time. It’s a simple concept, but one that has set the stage for a series of epic battles between BTC and BCH supporters. For next to nothing, anyone with an LN connection can bedaub slogans on the virtual wall, but there’s a catch – the artwork will only remain for as long as it takes for the next buyer to overwrite it. Welcome to Satoshi’s Place, an ephemeral art wall where anyone can pay a satoshi for a pixel using the Lightning Network, BTC’s much-vaunted and controversial layer two scaling solution. The results are amusing to say the least.Īlso read: Twitter Experience Worsens, Ether Fake Giveaways Taking Over When Satoshi’s Place, a virtual graffiti wall powered by the Lightning Network (LN) sprang up, it was inevitable that the BTC and BCH factions would grab their spray cans and start a turf war. If the two camps were a couple, they could reasonably be described as having irreconcilable differences. There aren’t many things that bitcoin core and bitcoin cash supporters can agree on. The post Founder of Tron Altcoin Justin Sun Takes Over Bittorrent Inc appeared first on Bitcoin News. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. _Is this a sign that the cryptocurrency industry has begun taking over the internet? Share your thoughts in the comments section below. _ Cynics, on the other hand, might say that we’ve finally found a good business model for ICOs: raise ungodly amounts of money with no actual product or service and then use those funds to take over existing companies. Those who believe that Tron will fulfil its dream of building a decentralized web may see this as an indication that crypto companies are taking over the old guard. In fact, Tron only had its official launch for the mainnet a few days ago (on May 31) and its planned “Independence Day” is still twelve days away, meaning when TRX will no longer be just another ERC20 token. In contrast to Bittorrent Inc, Tron is barely out of the gate and already has a market capitalization of about $3 billion right now (down from as high as over $6 billion) thanks to the price of its TRX token. But in total revenue, Bittorrent has raised only $35.8 million in three rounds over the fourteen years of its existence. While the Bittorrent protocol is used by hundreds of millions of people around the world, and constitutes a significant share of all internet traffic, the company behind it has found few ways to monetize, like running ads on the µtorrent client. Additionally, just a number of Bittorent’s shareholders have already been contacted by the transfer agent responsible for the transaction according to the report.Ĭomparing the two ventures Sun is involved with now can tell us a lot about the current state of the cryptocurrency scene, as well as the possible impact of the ease of crowd-funding on crypto projects’ relationship with the established technology industry. Justin Sun, a former Chief Representative of the Greater China Region for Ripple, closed an acquisition deal for Bittorrent last week and employees have been notified but asked not to talk about it with the media, Variety has now reported, ending weeks of speculation. The financial details of the deal weren’t made publicly available as the two sides haven’t officially announced the acquisition yet. Justin Sun, the founder of “decentralized web” altcoin Tron, has reportedly taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2004 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol.Īlso Read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR
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