Last night, Facebook launched its new payment service called Facebook Pay in the US. The service will let you pay other people and businesses across Facebook Messenger, WhatsApp, and Instagram.
You can add your debit or credit card to Facebook Pay and choose if you want it available in certain apps or all Facebook apps. In the beginning, the service will be available on Facebook and Messenger to pay for fundraisers, in-game purchases, event tickets, person-to-person payments, and select pages on Facebook Marketplace.
The company said Facebook Pay will roll out on Instagram and WhatsApp without specifying a timeline.
It’s important to note Facebook has been testing WhatsApp Pay in India for more than 18 months. In July, the company confirmed it plans to roll out the full version of the service by the end of the year. However, earlier this month, India‘s central bank, the Reserve Bank of India (RBI) told the Supreme Court the company is not yet compliant with the data localization norms. This might hit a snag to the service’s launch plans.
In the US, the company will compete with some of the big names in the industry such as Square, Venmo, Google Pay, and Apple Pay. It will hope that its huge userbase will come to its fore to make this project a success. However, not a lot of people might comfortable to make payments on Facebook given its shabby record of handling personal data.
In retrospect, people might want to use it to purchase goods directly from Instagram or send money to family members or friends on WhatsApp.
Facebook Pay brings the company closer to Mark Zuckerberg‘s vision of harmonizing all of Facebook‘s apps. But it’s too early to tell if rolling it out across apps is a good idea for the company.
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Author: Team E-crypto News
In late 2008, an anonymous person named Satoshi Nakamoto introduced the Bitcoin white paper on Halloween. While Nakamoto is clearly the most famous anonymous crypto moniker, in the early days there were many other mysterious individuals scattered throughout the blockchain environment.
A Group of Anonymous Crypto Influencers
Ten years ago a person or group of people who called themselves Satoshi Nakamoto introduced the most revolutionary technology of our time. No one knows who Nakamoto is and the hunt for Bitcoin’s mysterious creator has encompassed the lives of many. There’s also been a whole slew of individuals who claim to be Nakamoto, but have failed to prove themselves to the greater crypto community. Despite being the most well known anonymous figure within the cryptocurrency circuit, there are many other individuals who have hidden under the cloak of anonymity while contributing to the blockchain ecosystem. The following is an in-depth look at some of the mystery bitcoiners who have become well known for a variety of reasons within the crypto space. A few of these anonymous characters disappeared like Satoshi and some of them are still in the community today.
James A. Donald
James A. Donald was an anonymous Canadian cypherpunk who was the first person to comment on and critique Satoshi’s white paper and theories. Donald argued with Satoshi about scaling on more than one occasion and detailed that he believed Bitcoin needed a layer of account. “We will need a layer of account money on top of the bitcoins, supporting transactions of a hundred-thousandth the size of the smallest coin, and to support anonymity, Chaumian money on top of the account money,” Donald wrote.
On November 17, 2008, Nakamoto sent Donald the Bitcoin source code for his review. “I sent you the main files (available by request at the moment, full release soon),” Nakamoto stated at the time. There have been numerous theories that claim Donald and Nakamoto are essentially the same people and the creator was merely talking to himself during the emails. However, most of the James A. Donald theories that tie him to being Nakamoto have been debunked and thrown out the window. James A. Donald has not made spoken to the Bitcoin community in years.
The owner of r/bitcoin, bitcointalk.org, and the en.bitcoin.it/ (Wiki) page, Theymos is a well known character in the crypto space. Theymos has been involved with Bitcoin since the very early days and in recent years he’s been accused of mass censorship. The censorship accusations derived from the scaling debate and there’s lots of evidence that suggests Theymos and other r/bitcoin moderators repeatedly blocked all discussions that were for increasing the block size.
No one knows how Theymos accumulated so much power with all the bitcoin websites under his thumb. Prior to 2011, there were four r/bitcoin moderators and the owner u/Atlaslgo (now deleted), was wholeheartedly against the censorship of free speech. On July 19, 2011, the Bitcoin community at the time got very upset that Atlaslgo had planned to sell r/bitcoin and he was convinced to give it to the bitcointalk.org owner Theymos. The anonymous r/bitcoin owner Theymos still operates the same Bitcoin-centric web portals to this very day.
The infamous Artforz appeared as a pseudonym on bitcointalk.org between July 2010-2012. Laszlo Hanyecz and Artforz were considered the first two people to leverage GPU miners when mining bitcoin. In July 2010, Artforz showed the world his ‘Artfarm’ and at the time the miner said he generated 1,700 BTC in six days. “I had 24 (Radeon) 5970s up until about late summer ’11,” Artforz told the Bitcoin community on February 11, 2012.
Between the summer of 2010 and the last time the community saw Artforz in 2012, he was accused of commanding most of the BTC hashrate during those years. For instance, on October 3, 2010, Theymos explained that the developer’s Artfarm could be processing 20-30% of the hashrate. However, on August 25, 2011, Artforz told the community another story and said he only captured roughly 1% of the network’s processing power. Artforz wrote the community for the last time that February in 2012, and no one’s heard from him since.
Another anonymous person with an interesting cryptocurrency history is the software developer, Sunny King, creator of Peercoin. King is known as the “grandfather” of the consensus algorithm proof-of-stake (PoS) because Peercoin was the first hybrid proof-of-work (PoW) and PoS system. The unknown blockchain engineer not only created Peercoin but he also developed the Primecoin project, which uses a PoW mechanism while it searches for prime numbers at the same time.
King’s Peercoin PoS concept has inspired many other blockchain projects that use the PoS consensus algorithm. The Peercoin creator disappeared for quite some time but has recently returned with another blockchain project called Vee.tech.
After Peercoin was produced people attempting to harness PoS became very prominent. In early 2014, the anonymous developer called Rat4 designed a ‘PoS version 2,’ which was the first to combine staking with a multi-pool. Rat4 and Blackcoin kicked off the idea and many other PoS coins followed suit. According to the Blackcoin Github repository, Rat4’s Blackcoin codebase has been forked more times than most coins today. After Blackcoin there are now hundreds of PoS coins based on two major types of consensus: BFT PoS and chain-based PoS. The BFT method uses validators that are randomly assigned while chain-based uses an algorithm that pseudo-randomly selects a validator during a pre-selected time slot.
For a number of years, the owner of Coinmarketcap.com, Brandon Chez, kept an extremely low profile until he was doxxed by the Wall Street Journal on January 23, 2018. Since the site was created Coinmarketcap.com swiftly became a top digital currency website but no one really knew who was behind the web portal. This was until Chez decided to delist the exchange rates of South Korean crypto trading platforms on January 7, 2018. Chez recently sat down for a fireside chat with the anonymous Sunny King during The Capital conference. Behind a curtain, the two silhouetted figures discussed Proof-of-Stake (PoS) consensus, bitcoin, and quantum computing.
An individual named Cobra is the co-owner of the web portal bitcoin.org and a very controversial figure in the space. To this day, Cobra can be seen on Reddit forums and has a Twitter account as well. His commentary over the last year or so has been called “bi-polar” because he has complimented BCH on various occasions and other times snuffed the network. “Increased my holdings of Bitcoin Cash today,” Cobra explained to his Twitter followers.
Blockstream wants to take over Bitcoin just like nChain wanted to take over Bitcoin Cash. Beware of corporations trying to embed themselves in communities by pandering to us.
— Cøbra (@CobraBitcoin) November 19, 2018
At one time, Cobra asked the community and fellow bitcoin.org contributors to change certain statements Satoshi Nakamoto made in the Bitcoin white paper. Another time the anonymous individual suggested an immediate change to BTC’s PoW algorithm as a solution to growing mining pools. Cobra is still tweeting conundrums to this very day and remains a well known anon within the crypto industry.
There are a few other anonymous members of the crypto community that have affected the environment in either a positive or negative way. However, there is never an identity to blame or even congratulate in real life as many of these individuals, like Satoshi Nakamoto, have either disappeared or continue to remain unknown.
What do you think about the anonymous and mysterious people involved with the digital currency environment? Why do you think these individuals become anons? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Wiki Commons, Fair Use, The Capital, metzdowd.com, and Pixabay.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
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Author: Jamie Redman
Bitcoin price is trading in a downtrend below $8,800 and $9,000 against the US Dollar.The price is currently declining and it seems to be struggling near the $8,840 level.Yesterday’s major bearish trend line is active with resistance near $8,920 on the hourly chart of the BTC/USD pair (data feed from Kraken).The bulls need to push the price above $8,840 and $8,920 to start a decent recovery.Bitcoin price is struggling to gain ground above $8,800 against the US Dollar. Recently, BTC traded as low as $8,560 and it remains at a risk of more losses below $8,500.Bitcoin Price AnalysisIn the past few days, there were lower lows formed in bitcoin after it settled below $9,000 against the US Dollar. Bitcoin PriceLooking at the chart, bitcoin is facing an increase in selling pressure below $8,800. If it fails to stay above $8,700, the bears could gain momentum for a push below the $8,600 and $8,500 levels.Technical indicators:Hourly MACD – The MACD is currently moving back into the bearish zone.Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level, with a few positive signs.Major Support Levels – $8,560 followed by $8,500.Major Resistance Levels – $8,800, $8,850 and $8,920.
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Author: Aayush Jindal
Most of the angst against the crypto industry this year has been instigated by one company. The major economies of the world have collectively given the bird to Facebook and its plans on crypto domination through its own centralized digital coin. The social media giant is now scrambling to launch an alternative payments platform.Facebook Pay, Not CryptoIt was clear from the start; Facebook’s crypto ambitions were way too lofty considering its appalling track record. The simple lack of trust for the social media giant was enough for regulators and bankers across the globe to slam its Libra crypto project.The result was a mass exodus of Libra Association partners including the payments heavyweights on which the company hinged its plans. Today Libra barely makes the news as the company appears to have moved on by launching an alternative payments platform.According to a company blog post, Facebook Pay will be launched this week, starting in the US. The platform claims to provide people with a ‘convenient, secure and consistent payment experience’ across Facebook, Messenger, Instagram and WhatsApp.On first glance the Facebook Pay app is no different to PayPal or Alipay or any of the hundreds of payment apps out there. Users need to enable the app, when it gets rolled out to the masses, add a payment method which is usually a credit card, and use it to send or receive dollar payments.There is no crypto currency or blockchain involved and the company included the reminder that this is not Libra;“Facebook Pay is built on existing financial infrastructure and partnerships, and is separate from the Calibra wallet which will run on the Libra network.”General Consul at Compound Finance, Jake Chervinsky, noted;“Facebook Pay sounds an awful lot like an admission that Libra is dead in the water.”The press release mentioned the words secure and security no less than seven times so it is clear that they know this is a major concern for Facebook users. The bottom line is that if the platform cannot be trusted with data, it shouldn’t be trusted with money whether it is crypto or any other payments platform.China The New ThreatAccording to billionaire Zuckerberg, Libra is not the threat anyway. In his opinion, China’s proposed crypto yuan launch will do more damage to global finances and dollar domination.According to MarketWatch the real challenge for US regulators is the imminent rise of a Chinese crypto currency which could undermine overall dollar dominance. This in addition to the fact that the FED is printing them unashamedly, and president Trump wants to devalue them even further, is another nail in the greenback coffin.CNBC recently reported that China’s new Digital Currency Electronic Payment, or DCEP, could be launched within a few of months adding further fuel to the financial fire.Image from Shutterstock
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Author: Martin Young
Traeger’s pellet sensor is easy to install. Once you’ve drained the hopper, you only need to remove a rubber plug and two screws. From there, you connect the sensor to a plug, tuck in the wires and mount the accessory in place. Your grill should automatically detect the sensor, which will display the pellet level as a percentage in both the on-grill menu and the Trager app. The info is sent to your mobile device alongside temperature and other grill details. And when you’re running low on pellets, the sensor will send an alert to let you know its time for a refill.
The pellet sensor only works with the 2019 Pro Series and Ironwood grills that have Traeger’s D2 WiFire system onboard. More specifically, that’s the Pro 575, Pro 780, Ironwood 650 and Ironwood 885. If you have an older Pro Series grill or the 2018 Timberline, this won’t work with those models.
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Author: Team E-crypto News