This week’s newsletter describes a proposal for a standardized wallet label export format and includes our regular sections with summaries of recent questions and answers from the Bitcoin StackExchange, a list of new software releases and release candidates, and dscripttions of notable changes to popular Bitcoin infrastructure software. People can use Data Recovery Software that has the ability to extract and recreate the deleted data. ● BlueWallet adds multisig: Version 6.0.0 of BlueWallet adds the ability to create and manage air-gapped, native segwit multisig vaults. The other is to use the "softfork" opcode -- chia defines it as: (softfork cost code) though I think it would probably be better if it were (softfork cost version code) where the idea is that "code" will use the "x" opcode if there's a problem, and anyone supporting the "version" softfork can verify that there aren't any problems at a cost of "cost". That's fine. Some people will see it as an opportunity to accumulate tokens - either because they believe that our vision of Ethereum platform has better chances, or just to diversify their bets on a future smart contract platform.<
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It’s very hard to make people understand principles when their "crypto-fortune" depends on them not understanding them. A blockchain is either neutral - censorship-resistant - or it’s not. The point is: We shouldn't want to replicate the problems of democracy in Ethereum, nor in any other blockchain for that matter. Why can’t the line be wherever users want it to be? Flexcoin, an old "bitcoin Bank", shut down after having lost 900 bitcoins, and a site called Poloniex gave its users a Cyprus-style haircut after finding out that it was short around 75 BTC. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. So it is possible now to buy a variety of products from e-commerce websites using crypto. Reminder: new merges to Bitcoin Core are made to its master development branch and are unlikely to become part of the upcoming 0.17 release-you’ll probably have to wait until version 0.18 in about six months from now. BIP133 (implemented in Bitcoin Core 0.13.0) allows a node to tell its peers what its minimum feerate is so that those peers to don’t waste bandwidth by sending transactions that will be igno
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● Sensei Lightning node implementation launches: Sensei, currently in beta, is built using the Bitcoin Dev Kit (BDK) and Lightning Dev Kit (LDK). As long as the first transaction spending from any Bitcoin address empties out all of the funds stored in that address to new addresses as change, the theory goes, Bitcoin should remain just as secure as before. Private keys need to be kept safe and only accessed when you want to sign a transaction, and Bitcoin addresses can be freely handed out to the world. Currently, platforms provide NFT owners a fixed return and assume the risk of renting it out (or not). Every week, it’s looking more and more reasonable for wallets to switch to bech32 soon, and we expect to hear from an increasing number of developers that their next major release will default to bech32 receiving addresses. Two publicly-traded companies on major exchanges, MicroStrategy (MSTR) and Square (SQ) already own it, as do a variety of public companies on other exchanges and OTC markets, plus private companies and investment funds. It will also be so much easier for external institutions - like courts, law enforcement, or governments - to impose their rules, once the precedent of censorship, funds confiscation and 'crime prevention'
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Rather than every single Bitcoin node, only a majority of miners needs to adapt, making them much easier to deploy. So there is a majority in favor of a hard fork, by a democratic process, if you will. After that, any adjustment will be easy. Difficulty adjustment is quite fast in Ethereum. People who are connected with the DAO invested a lot of money into the DAO and have a very close relationship with Ethereum Foundation insiders. In fact, I expect an even bigger supply-shock for classic ether after we split, as pro-fork people dump their coins. Do you think that miners who support Ethereum and the hard fork might want to attack Ethereum Classic in order to make ensure that only one chain survives the hard fork? Measured in hash power, the Ethereum Classic chain will probably not be as secure as the Ethereum chain - at least not right from the start. As a result, the community ended up without any of the guiding principles to assess what’s right and what’s wrong in regard to the DAO debate. It’s all right for the coin price to fluctuate - read this post from youtu.be is how markets balance themselves.
