Indian Officials Visit Regulators in Japan, UK, Switzerland to Study Crypto

Officials Sent to Japan, UK, and Switzerland The Securities and Exchange Board of India (SEBI) revealed in its annual report 2017-18 that it sent some officials to three countries to study how the regulators there deal with cryptocurrencies. Indian Officials Visit Regulators in Japan, UK, Switzerland to Study CryptoThe report explains,“SEBI on a regular basis enables study tour of SEBI officials to overseas authorities. These study tours help engage with the international regulators and gain [a] deeper understanding of the systems and mechanisms.” The securities watchdog noted that in the past, it “has benefited a lot from these experiences and the knowledge transfer helps improve the processes within SEBI.” bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining For the fiscal year 2017-18, the regulator detailed: SEBI organised study tours to Financial Services Agency (FSA) Japan, Financial Conduct Authority (FCA) UK, and Swiss Financial Market Supervisory Authority (FINMA) Switzerland to study initial coin offerings and cryptocurrencies. RBI Also Observes Foreign Regulators SEBI is not the only Indian regulator to pay attention to other jurisdictions. Recently, the country’s central bank, the Reserve Bank of India (RBI), published its annual report for 2017-18 with a section on cryptocurrency. After referencing how a few foreign regulators deal with crypto, the central bank wrote: On a global level, regulatory responses to cryptocurrency have ranged from a complete clamp down in some jurisdictions to a comparatively ‘light touch regulatory approach’…Japan and South Korea account for the biggest shares of crypto asset markets in the world. Indian Officials Visit Regulators in Japan, UK, Switzerland to Study CryptoThe RBI also confirmed it is “keeping a close watch on cryptocurrency,” reiterating that it issued a circular, banning banks from providing services to crypto businesses. When the circular was issued in April, Quartz quoted Shubham Yadav, co-founder of Indian crypto exchange Coindelta, commenting that “several firms are looking at registering their head offices out of India.” The news outlet added that these locations include Singapore, Switzerland, Estonia, Malta, Japan, Dubai, and the Cayman Islands. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining Crypto Regulations in India The Indian government has been working on cryptocurrency regulations. According to Subhash Chandra Garg, Secretary in the Department of Economic Affairs, the proposal was supposed to be ready in July. Garg heads the panel, set up in December last year, tasked with proposing crypto regulations. However, it was reported earlier this month that the regulations are unlikely to be ready before the year-end. Meanwhile, the country’s supreme court is hearing all petitions against the central bank’s crypto banking ban on September 11. SEBI will also be at the hearing. The crypto industry is hopeful that the court will lift the ban imposed by the RBI. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining

California Passes Bill Defining Blockchain and Crypto Terms

California State Legislature Adopts DLT Bill California democrat, 32-year old Assembly member Ian Calderon has scored a notable success in his efforts to push through a draft defining basic terms related to cryptocurrencies and the underlying distributed ledger technology (DLT). The state’s legislature has recently passed his Assembly Bill 2658 which introduces legal definitions of “blockchain technology” and “smart contract”, and revises others like “electronic record” and “electronic signature” to legalize and facilitate record keeping using DLT. The draft is co-sponsored by Senate democrat Bob Hertzberg. Several important laws will be amended through the adoption of the bill. This will include changes of the provisions of Sections 1624.5 and 1633.2 and adding a new Section 1633.75 to the state’s Civil Code. The act also amends Section 25612.5 of the Corporations Code, Section 16.5 of the Government Code, and Section 38.6 of the Insurance Code relating to electronic records. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining California Passes Bill Defining Blockchain and Crypto Terms The existing Uniform Electronic Transactions Act of California specifies that a record or signature may not be denied legal effect or enforceability solely because they are in electronic form. It also states that a contract may not be denied legal effect or enforceability only because an electronic record was used in its formation. The act clarifies that if a law requires a record to be in writing, or if it requires a signature, an electronic record or signature should satisfy the law. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining Bill 2658 aims to revise provisions of the act that define “electronic record” and “electronic signature” to include a record or a signature secured through blockchain technology. It would also add the term “smart contract” to the legal definition of “contract.” Additionally, the draft specifies that a person who uses blockchain technology to secure information in relation to interstate or foreign commerce retains the same rights of ownership and use as before the data was secured with a distributed ledger. ‘Blockchain Technology Provides Uncensored Truth’ California Passes Bill Defining Blockchain and Crypto Terms Ian Calderon The introduction of legal definitions describing key terms related to DLT technologies and cryptocurrencies, in general, is a major merit of Calderon’s bill. One of the important new provisions states that “Blockchain technology means distributed ledger technology that uses a distributed, decentralized, shared, and reciprocal ledger, that may be public or private, permissioned or permissionless, or driven by tokenized crypto economics or tokenless.” Clause (c) added to Section 1633.2 of the California Civil Code reads that “the data on the ledger is protected with cryptography, immutable, auditable, and “provides an uncensored truth.” Another new text, 1633.2 (p), defines the term “smart contract” as “an event-driven program that runs on a distributed, decentralized, shared, and replicated ledger that can take custody over, and instruct transfer of, assets on that ledger.” And in 1633.2 (e) of the revised act, the authors of the amendments have made it clear that “Contract”, as defined in the law, includes smart contracts. Additions to section 1633.2 (h) and (i) of the Civil Code now note that “A record that is secured through blockchain technology is an electronic record” and “A signature that is secured through blockchain technology is an electronic signature.” Bill 2658 has been passed in the state’s Senate, on August 23 and in the Assembly, on August 27, after both houses made several amendments since it was introduced in the California legislature earlier this year. To become law, it needs to be signed by Governor Jerry Brown. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining

Denmark’s Largest Bank Took Two Years to Close Accounts of Blacklisted Russian Clients

Danske ‘Ok’ With Blacklisted Clients Denmark’s Largest Bank Took Two Years to Close Accounts of Blacklisted Russian ClientsDanske Bank is currently under investigation by authorities in three countries: the US, Denmark, and Estonia. Its officials reportedly “knew earlier than previously indicated about problems at its tiny Estonia branch, including that it held accounts for blacklisted Russian clients,” The Wall Street Journal reported Tuesday, citing correspondence it has seen. The publication elaborated: Officials at Danske Bank were aware almost two years before it started shutting questionable accounts that the small but highly profitable branch was involved in potentially illicit money flows. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining Denmark’s Largest Bank Took Two Years to Close Accounts of Blacklisted Russian ClientsThe Estonian branch was one of the bank’s profit drivers, generating a net profit of €63 million (~US$73.5 million) in 2012, the most lucrative year. The whole bank reported €636.6 million (~$742.6 million) in net profit that year, the publication noted. The largest bank in Denmark has been at the center of one of Europe’s largest money laundering cases. Between 2007 and 2015, an estimated $150 billion was suspected to have flowed through the branch to accounts belonging to non-Estonian customers including Russian clients. However, the bank has not confirmed how much of that figure comes from suspicious transactions. It has launched an internal investigation and is expected to announce the results on Wednesday, Sept. 19. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining Discriminating Email Denmark’s Largest Bank Took Two Years to Close Accounts of Blacklisted Russian ClientsAccording to the Wall Street Journal, an April 2013 email reveals that the bank’s anti-money laundering (AML) chief based in Denmark had asked colleagues in the Estonian branch “about client accounts whose owners appeared on a blacklist generated by Russia’s central bank.” The Bank of Russia keeps a database of individuals and companies suspected of financial wrongdoing which it shares across borders. The list currently has about 500,000 names. The Estonian Financial Supervision Authority (FSA) said on Tuesday that “it repeatedly complained to Danish counterparts about the branch’s blacklisted customers,” the news outlet conveyed, adding that in a 2013 email, Niels Thos Mikkelsen, the bank’s then-compliance executive, wrote: bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining They have the impression that we do not take the issue seriously. Denmark’s Largest Bank Took Two Years to Close Accounts of Blacklisted Russian Clients Thomas Borgen. Furthermore, the news outlet added that a spokesman for the Danish FSA pointed out that a reprimand ruling against Danske Bank in May states that the authority received “misleading” information from the bank between 2012 and 2014. Danske claims the information came from the branch. While the Financial Times recently reported that Thomas Borgen, the bank’s CEO, was notified in October 2013 about suspicious transactions at the Estonian branch, Borgen insists that “he was not informed in detail at the time about the problems,” Reuters described on Tuesday, elaborating: bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining The Danske Bank case has led to speculation in Denmark that its chief executive Thomas Borgen, who was in charge of its international operations, including Estonia, between 2009 and 2012, will step down.

The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub

Iran to Legalize the Import of Mining Equipment, Considers Exchange The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub to Catch UpJust two weeks after Iranian authorities announced a decision to recognizecryptocurrency mining as an economic activity, the government in Tehran is preparing to officially endorse the import of hardware equipment used to mint digital coins. The move is aimed at supporting the new industry in times when the country’s economy is under heavy pressure exacerbated by reintroduced US sanctions. It also comes after in August Iran stepped up plans to issue a national cryptocurrency. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining This week, the Secretary of the Islamic Republic’s Supreme Council of Cyberspace, Abolhassan Firouzabadi, was quoted by Iranian media saying: “Necessary coordination has been done with related entities to allow the flow of hardware needed to mine bitcoin and other cryptocurrencies.” The high-ranking official also noted that besides legalizing crypto mining, the Council is also considering the establishment of an online digital assets exchange. Cryptocurrencies Must Be Understood, Says Chair of Major Spanish Bank The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub to Catch UpCryptocurrencies are “perfect” but are used for “bad purposes” today, so we have to be careful, according to Francisco Gonzalez, Group Executive Chairman of Banco Bilbao Vizcaya Argentaria, Spain’s second largest bank. In an interview with CNBC, BBVA’s representative also noted that blockchain, the distributed ledger technology underpinning digital currencies, is a “big, big tool”, but warned about the insufficient understanding of it too. Gonzalez, whose bank is actively investing in the fintech space, also pointed out: We are in the middle of an incredible digital revolution. And in fact, a new world order is in the making, both social and economic…Something must be done in order to spread the wealth of this revolution to everybody…There are some ripple effects which must be understood in the case of cryptocurrencies. Cyprus Creates Fintech Hub to Catch Up With Competition in the Crypto Space The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub to Catch UpProbably as part of its efforts to better understand cryptocurrencies and the underlying technology, the Cyprus Securities and Exchange Commission (CySEC) has established a Fintech Innovation Hub on the island. The Mediterranean nation, where financial services are a significant contributor to the gross domestic product (GDP), has to catch up with countries like Estonia, Malta and Lichtenstein which are definitely ahead in the race to attract businesses from the crypto space. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining CySEC Chair Demetra Kalogerou believes regulation has to ensure the transfer of financial goods and services in a fair way. However, she also says that it’s not just about supervision of persons but the very technology that’s being used. “We don’t want our regulatory framework to be static. We want it to progress in line with the demands of today’s and tomorrow’s investor,” Kalogerou stressed in an interview with Finance Magnates. That’s why, she pointed out, a dedicated hub would allow the Cypriots to experiment with the new technology in a safe environment and understand the risks and benefits before potential investors are exposed to new investment products. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining New Finance Minister in Harare Pushing for a Crypto Unit at RBZ The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub to Catch Up Mthuli Ncube Mthuli Ncube, Zimbabwe’s newly appointed finance minister, revealed he is trying to convince the Reserve Bank of Zimbabwe (RBZ), the central bank of the economically hurting country, to establish a “cryptocurrency unit”, African media reported. The push is part of his plans to mitigate the nation’s ongoing cash shortage and position it better for new investments. “Zimbabwe should be investing in understanding innovations and often central banks are too slow in investing in these technologies. But there are other countries which are moving faster. If you look at the Swiss central bank, they are investing in and understanding bitcoin,” Ncube said, quoted by IT Web Africa. The minister believes that if countries like Switzerland see value in cryptocurrencies, Zimbabwe should also pay attention. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining “We have innovative youngsters, so the idea shouldn’t be to stop it and say don’t do this, but rather the regulators should invest in catching up with them and find ways to understand it. Then you regulate it because you now understand it,” added the representative of the current executive power in Harare.

Less Than Two Months Away – Bitcoin Cash Upgrade Discussion Heats Up

The November 15th Upgrade Debate Continues Right now is probably a pretty confusing time for a few people just learning about the disagreement taking place concerning the scheduled November 15, 2018, Bitcoin Cash network upgrade. Currently, there are two camps that disagree on which features will be added to the hard fork this November — The Bitcoin ABC development team and the clients’ supporters, and the Nchain development team and the Bitcoin SV clients’ crew of proponents. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining The Bitcoin ABC development team wants to add an opcode called OP_CHECKDATASIGVERIFY (DSV) that aims to improve BCH scripting, canonical transaction ordering (CTOR), and some minor technical fixes and improvements. The Nchain team and it’s BCH full node client called Bitcoin SV wants an entirely different set of features. Bitcoin SV’s upgrade list includes a 128MB block size increase, add the opcodes: OP_MUL, OP_LSHIFT, OP_RSHIFT, OP_INVERT, and remove the limit of 201 opcodes per script. At first, the most vocal person against the Bitcoin ABC proposals was Nchain’s chief scientist Craig Wright. However, there are many others who support the idea of Bitcoin SV and the blockchain, and mining firm Coingeek had decided to support Nchain’s idea from the beginning. Since then Nchain has released its alpha version codebase, started a Bitcoin SV mining pool so people can direct hashrate to the client, and both the mining pools Coingeek and BMG Pool (Nchain’s hashrate) have managed to capture 46.2 percent of the global BCH hashrate over the last seven days. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining Less Than Two Months Away - Bitcoin Cash Upgrade Discussion Heats Up BMG Pool (Nchain) and Coingeek control more than 46.2 percent of the global BCH hashrate over the last seven days. Bitcoin Cash Proponents Argue the Pros and Cons of Canonical Transaction Ordering There have been so many arguments for and against some of the features the two camps are promoting. For instance, there have been lots of conversations in regard to adding CTOR and plenty of discussions against the idea. Andrew Stone wrote a critique about CTOR on September 7th called “Why ABC’s CTOR Will Not Scale.” Coingeek has published opinions against adding CTOR in a post two days ago. The Coingeek post also leads to another critical evaluation of CTOR by the Reddit user /u/awemany and the BCH developer Tom Zander. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining On the other hand, Electron Cash developer Jonald Fyookball wrote a case for adding CTOR to the Bitcoin Cash protocol this week. Of course, early on Bitcoin ABC has published some opinions as to why the development team believes CTOR should be added to the BCH codebase. Another post on r/btc, written by Mark Blundeberg, gives a comprehensive technical dive into canonical transaction ordering, and the BCH mining pool Rawpool has also given an objective evaluation towards CTOR. The Bitcoin Miner Jonathan Toomim also added some information to the mix with his block propagation data that stemmed from Bitcoin Cash stress tests that took place a couple of weeks ago. “During the stress test, blocks propagated through the non-China mainnet at around 300–1000 kB/s — This is pretty slow, and would cause problems with orphan rates if block sizes were frequently larger than 8 MB unless we improve our block propagation algorithms,” Toomim explains in his recent post. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining Less Than Two Months Away - Bitcoin Cash Upgrade Discussion Heats Up Jonathan Toomim’s propagation delay vs. block size chart. The Pros and Cons Concerning the OP_Code CHECKDATASIGVERIFY or DSV Then there are many discussions concerning the OP_CHECKDATASIGVERIFY (DSV) feature Bitcoin ABC wants to add. Nchain’s Craig Wright says that “DSV opens many issues” and others have disagreed with the idea of adding DSV as well. One Github repository details another option the community could use instead of DSV called recursive smelting. Then Nchain’s senior researcher Owen Vaughan recently published a paper called “Rabin Signatures in Bitcoin Cash.” The paper posits the belief that “arbitrary messages can be signed and verified directly in Bitcoin Cash script without introducing new opcodes.” bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin business Cloud mining finance finance finance finance finance finance finance finance financebusiness business business business business business business business business Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Marketing Social Media Social Media Social Media Social Media Social Mediabusiness news business news business news business newsCloud mining Cloud mining Cloud mining Cloud mining Cloud mining Mark Blundeberg has written another extensive post that shows the benefits of DSV called “’Pay To Identity’ — a proposed use of OP_CHECKDATASIG.” Moreover, another post published on Yours.org by a writer named Perica argues that DSV is already in the codebase, and has been there since the creation of the Bitcoin version 0.1 release. Perica’s paper claims the current DSV model, that’s already baked into the original code, is a “more powerful form than the one proposed by various developer teams.” Less Than Two Months Away - Bitcoin Cash Upgrade Discussion Heats Up Perica’s paper claims there already is a DSV model that’s baked into the original code that’s “in a more powerful form than the one proposed by various developer teams.” Bitcoin Cash Supporters Have so Much to Discuss Over the Next Few Weeks Before the Fork, and Anything Can Happen Between Now and Then There’s been so much to discuss its hard to believe the fork will happen this November but right now both camps seem pretty adamant an upgrade will take place. Further people can stay rather neutral and run either Bitcoin XT or the Bitcoin Unlimited clients, as those teams plan to allow the decision to be ultimately made by majority hashrate. There’s also a lot of bickering between community members over the 128MB increase and whether or not the chain should upgrade the block size now. The stress test, although remarkable, offered insight to some of the problems (block propagation times & bottleneck) introduced by exceeding blocks larger than 8MB. However, a slew of big block advocates believe the network can handle super large blocks and some think the limit should be removed entirely. In order to keep our readers informed over the course of the next few weeks leading up to the November 15 upgrade, news.Bitcoin.com is sure to be there every step of the way.