On the Thursday edition of Breitbart News Daily, broadcast live on SiriusXM Patriot Channel 125 from 6AM to 9AM Eastern, Breitbart London Editor-in-Chief Raheem Kassam — the author of the new book No Go Zones: How Sharia Law Is Coming to a Neighborhood Near You — will continue our discussion of the Trump administration’s agenda. Peter Schweizer, author of the bestselling book Clinton Cash and president of the Government Accountability Institute, will discuss the move by Trump’s National Security Advisor H.R. McMaster to fire nationalists from the National Security Council. Allen Roth, president of Secure America Now, will discuss McMaster’s role in our foreign policy decisions. Former UN Ambassador John Bolton will discuss the escalating tensions with North Korea and Maduro tightening his grip on power in Venezuela. Rep. Ron DeSantis (R-FL) will update us on Congress’ move to investigate the Debbie Wasserman Schultz IT scandal. We’ll also hear from legendary Boston Red Sox ace Curt Schilling, the host of Breitbart radio’s Whatever It Takes. Live from London, Rome, and Jerusalem, Breitbart correspondents will provide updates on the latest international news. Breitbart News Daily is the first live, conservative radio enterprise to air seven days a week. SiriusXM Vice President for
Month: August 2017
Black Lives Matter Apologizes for Falsely Claiming Man Was ‘Lynched’ by Police
Black Lives Matter Minneapolis was forced to apologize Tuesday after the group fanned false hate crime rumors that St. Paul police had hanged a man from a tree.
Duterte Mocks North Korea’s Kim ‘Chubby Face’: ‘That Son of a Bitch Maniac’
Philippines President Rodrigo Duterte condemned his North Korean counterpart Kim Jong-un as a “son of a bitch maniac” in an aside during a speech to the nation’s tax agency Wednesday, warning that despite his “chubby face,” he had the potential of tur…
Feinstein: Trump’s Immigration Legislation Will Not Pass Senate
Wednesday on CNN’s “Situation Room,” Sen. Dianne Feinstein (D-CA) discussed the immigration legislation President Donald Trump promoted today and said, “I don’t think it will pass the Senate. I will do everything I can to prevent it from passing.” Partial transcript as follows: BLITZER: The White House, Stephen Miller and the president, they kept referring to the fact that this new immigration policy would help African-Americans and Hispanic workers who are here in the United States. Do you accept that? FEINSTEIN: Well, I can’t — I don’t see how candidly. I don’t see how, when you cut back on all of these categories, which make America, help America to be what the Statue of Liberty says — and we do it within reason. And there have been cutbacks, and there are long lines, and it is difficult to come into this country as it is. I don’t think our problem is an excess of new Americans. I don’t think that’s our problem at all. BLITZER: What are the chances you think this immigration legislation that the president would like to see passed by the House and the Senate actually gets passed? FEINSTEIN: Well, I don’t think it will pass the
The Birth of BCH: The First Crazy Days of “Bitcoin Cash”
August 1 saw the birth of a brand-new cryptocurrency: “Bitcoin Cash,” sometimes referred to as “Bcash” and using the currency tickers “BCH” or “BCC.” Bitcoin Cash shares a history with Bitcoin, but yesterday it forked off to form its own blockchain and currency.
Here’s the story so far.
The Fork
Bitcoin Cash, initially defined by the Bitcoin ABC software implementation, was set to fork on August 1 at 12:20 p.m. UTC. Though in reality, because of how Bitcoin nodes measure time, the actual fork happened a little bit later.
Starting right when Bitcoin block 478,558 was found around 12:35 p.m. UTC, Bitcoin miners and Bitcoin Cash miners started looking for a different kind of block, each following their own protocol. Unsurprisingly, a Bitcoin miner was the first to find one, marking the first block that was rejected by all Bitcoin Cash nodes. This effectively realized the “split,” even though no new Bitcoin Cash block had yet been found.
Since there weren’t very many Bitcoin Cash miners on a network that did maintain Bitcoin’s mining difficulty requirements, this first BCH block did not come fast. It took almost six hours, at about 6:15 p.m. UTC, until Chinese mining pool ViaBTC found the first Bitcoin Cash block. This, for many, made the “split” official.
At the time of writing, the fork seems to be more or less successful, depending on how “success” is defined in this context. While there were some concerns about the peer-to-peer network — Bitcoin ABC nodes initially appeared unable to reach one another — these problems have seemed to resolve over time. And safety precautions like replay protection and wipeout protection seem to be enforced as well.
That said, infrastructure support for BCH is still very limited. Very few wallets and other Bitcoin services have adopted the new cryptocurrency so far — this could of course change in the (near) future.
Hash Power Issues
The bigger problem is probably that hash power on the Bitcoin Cash chain started out low and has remained low. As a result, confirmation times are extremely slow, often taking hours.
This should improve over time, especially because Bitcoin Cash implemented a new difficulty algorithm designed to adjust back to normal faster. However, even with this algorithm, it could take weeks before blocks are found at typical ten-minute block intervals.
Additionally, this difficulty adjustment algorithm could incentivize odd miner behavior. It has been speculated, for example, that miners intentionally mined no blocks for over 12 hours today, as that would help them get back to normal faster. And, notably, similar incentives would exist even once difficulty readjusts to normal on the Bitcoin Cash chain.
Market Behavior
As expected, price discovery has been very volatile during these first couple of days. And perhaps more importantly, price discovery is still very limited, for three reasons in particular.
First, as mentioned above, many Bitcoin users are still having difficulties accessing their BCH because not many wallets support the new currency. And even if wallets do support it, accessing BCH requires users to give up some level of privacy, security, time and more.
Second, hardly any exchanges have enabled BCH deposits yet. With some exceptions, only users who held BTC on exchanges that credited users with BCH at the time of the fork were able to sell their BCH. All users who controlled their own private keys have had to wait or find someone to sell to themselves.
And third, because Bitcoin Cash blocks are slow and the chain insecure, even when exchanges do allow BCH deposits, it can take hours if not days to credit an account.
At time of writing, HitBTC is the only cryptocurrency exchange that allows BCH deposits within a reasonable timeframe. As such, it’s arguably the first “real” BTC/BCH exchange. However, since HitBTC is not a very established name, many may still be hesitant to send their funds to this exchange. (Nor does Bitcoin Magazine recommend that you do so.)
Despite all these factors, trading has started, and the market has seen some early price action. Since its launch, the BCH exchange rates on different trading platforms have bounced between some 0.05 BTC per BCH and 0.4 BTC per BCH.
Disclaimer: The author of this article received BCH and has not sold all of it yet.
The post The Birth of BCH: The First Crazy Days of “Bitcoin Cash” appeared first on Bitcoin Magazine.
Sen. Claire McCaskill Open to a $32 Trillion ‘Medicare for All’ Single-Payer Health Care Scheme
Sen. Claire McCaskill (D-MO) revealed at a recent Missouri town hall that she could support a single-payer health care system. A recent Urban Institute study suggests that a single-payer health care system could cost $32 trillion over the next ten years.
Ex-Clinton Campaign Chair John Podesta Still Losing Sleep Over Loss to Trump
Former Hillary Clinton campaign Chair John Podesta admitted Wednesday that he is still losing sleep over the Clinton campaign’s inability to beat President Trump in November. “Obviously we bear the burden of having lost the Electoral College, so you know I lose sleep about that every night,” he said on CNN. The Clinton team has had an unusually hard time dealing with its loss — possibly in part due to its apparent confidence that it would beat the longshot Trump campaign comfortably. Hillary Clinton has made a number of speeches in which she has blamed a multitude of other for her loss — specifically Russia and former FBI Director James Comey. In September she will release a 500+ page book on the subject, called: What Happened. Podesta’s interview shows that the defeat really got under the Clinton team’s skin. However, Podesta says that Trump’s continued references to his election win show the opposite. “It’s unprecedented. You never saw that behavior from any other president who’s talking about the person they beat,” Podesta said, without noting that it is also unprecedented for a losing campaign to talk about the defeat as much as the Clinton campaign, or to cast the legitimacy of
Jim Acosta Has No Idea How Many Immigrants Speak English
A lot of immigrants from all around the world speak English. But CNN’s Acosta thinks that this is something only Brits and Aussies can do.
CNN’s Acosta: Trump WH ‘Has an Unhealthy Fixation’ on ‘the Three Ms, the Mexicans, the Muslims, and the Media’
On Wednesday’s broadcast of CNN’s “Situation Room,” CNN Senior White House Correspondent Jim Acosta argued that the White House has an obsession with Mexicans, Muslims, and the media and tends to base policy around bashing one of those groups. Acosta responded to a question on why immigrants to the US knowing English before they got to the US is such an important part of the new policy by saying, “I think at times, this White House has an unhealthy fixation on what I call the three Ms, the Mexicans, the Muslims, and the media. Their policies tend to be crafted around bashing one of those three groups, and we just see it time and time again. And today, on immigration, what the White House is essentially saying, in a wink and a dog whistle, to some these battleground states that they won, is that, immigrants coming in from Latin America are taking your jobs. Wolf, immigration is not the reason why the factory closed in Pittsburgh or the coal mine was shut down in West Virginia. The people who are struggling in those states, they need policies that will help get them out of this mess that they’ve been for a generation, where
Miller Time: Trump Adviser Stephen Miller Tackles Reporters on Immigration
President Donald Trump’s advisor Stephen Miller was combative with reporters in the White House press briefing on immigration, blasting them for their bias on the issue.