Super Bitcoin (SBCT) is set to be the third altcoin created by hard forking the Bitcoin Blockchain. As has been the case with the Bitcoin Cash and Bitcoin Gold hard forks, Super Bitcoin will give a one for one cryptocurrency dividend to holders of Bitcoin.
The fork is set to take place on December 17, 2017 at the height of block 498888. The quantity of Bitcoin you have at that point in time will determine the number of free Super Bitcoin you will receive. To make sure that you get this free cryptocurrency, it is important that you control the private key to your Bitcoin. If instead, you have your Bitcoin at an exchange, then they control your private key. In this case, there is no guarantee that your exchange will support Super Bitcoin and you may miss out.
Other key dates for Super Bitcoin, according to their website, are:
March 31, 2018 add smart contract
May 31, 2018 implement zero-knowledge proofs to better protect privacy
November 30, 2018 remove dynamic checkpoint protection
The team behind the project, Ranger Shi (Chief Scientist), Li Xiao Lai (Foundation Member) and JiaPeng Lin (Foundation Member) are aiming to inject new momentum into Bitcoin, as they believe that it has lost a large market share due to smart contract pressure from Ethereum and Zcash.
Like Bitcoin Gold, and unlike Bitcoin Cash, Super Bitcoin will be a friendly fork. In other words, they are not trying to become the real Bitcoin. The website describes Super Bitcoin as, "an experiment, trying to implement promising solutions that the community has been proposing."
The number of Super Bitcoin will be limited to 21,210,000 of which 210,000 will be pre-mined.
The official website is SuperBTC.org
Earlier today, Bitcoin shot up to more than $7,900 before taking a $400 dive. It then recommenced its accent and is now in a holding pattern around $7,800.
At the same time, Bitcoin Cash fell from its dizzying heights earlier in the week to under $1,000. This fall assisted Bitcoin, as miners moved across. Bitcoin Cash is now trading around $1,100.
Bitcoin Gold started with a short lived bang at nearly $500 after its release. This latest fork of Bitcoin is currently priced under $150.
Bitcoin to the Moon .com has just launched a cool new logo, along with a range of merchandise, including t-shirts and hoodies in a variety of styles and colors, device skins and cases, wall art, home decor, bags and stationery.
You can get all of these products here: Bitcoin to the Moon Merchandise Store
Feel free to send us a photo of you and your Bitcoin to the Moon .com merch and we'll publish some of them right here on the site itself.
t-shirt images source
The image that you see above has been selected as the official Bitcoin To The Moon .com logo. It was chosen from six design concepts that were presented by professional logo designers. You can view those designs here.
A big thank you to everyone who offered their feedback on the logo concepts across a variety of platforms. The final selection was the overwhelming favorite. If you would like to see the original rough draft concept that was given to the designers, you can do so here.
Information about where to get official Bitcoin to the Moon .com merchandise, featuring the new logo, will appear in the next post on this blog.
Update: Bitcoin to the Moon .com merchandise, including t-shirts, mugs, phone cases and much more, is now available here: Bitcoin to the Moon Merchandise.
It's been a big few days in cryptocurrency since the announcement to abandon the SegWit2x hard fork. A lot has happened in regards to Bitcoin and the two altcoins, Bitcoin Cash and Bitcoin Gold, that exist due to previous hard forks of the Bitcoin blockchain.
Bitcoin initially spiked to a new high above $7,800 shortly after SegWit2x was called off. This was followed by a slide down to as low $5,600. While there has been a $1,000 price recovery since then, the market still appears to be bearish, at least in the short term.
No doubt, some who invested in Bitcoin in order to get free SegWit2x coins cashed out. Once the price started to fall from the high, panic selling ensued, which only helped to fuel the drop. If the price falls further, then hopefully $5,000 will act as support from which it can bounce to new highs. If instead, the $5,000 support level doesn't hold, then it has been suggested by trading and risk analysis expert, Tone Vays, that the price could possibly retrace all the way to $1,350. This is a previous high that was never retested.
Bitcoin Cash, on the other hand, went parabolic, and for a short time it surpassed the market cap of Ethereum to become the second largest cryptocurrency. South Korean demand was particularly high, to the point where Seoul-based exchange, Bithumb, suffered a server outage as it failed to cope with trading volumes.
Bitcoin Gold went live on November 12. Those who held Bitcoin at the time of the block snapshot can now check how much Bitcoin Gold they will receive at BitcoinGold.org via the balance check box on the home page. That website is also the place to find information on how to mine Bitcoin Gold.
Popular American sitcom, The Big Bang Theory, is set to air an episode titled, The Bitcoin Entanglement, on November 30, 2017 on CBS. It is the ninth episode of season eleven for the show. SPOILER ALERT. STOP READING HERE IF YOU DON'T WANT TO KNOW DETAILS ABOUT THE PLOT.
The plot involves the guys finding a laptop with some Bitcoin on it. To make things even more interesting, the said device just happens to belong to Penny's former boyfriend Zack.
This integration of Bitcoin into the script of this high rating television show is yet another example of the original cryptocurrency becoming mainstream.
The design concept options for the BitcoinToTheMoon.com logo are back from the professional designers. It is now time to choose one and to make any desired revisions. The rough draft concept that was given to the designers can be seen here.
Please vote for your favorite logo in the survey below. If you want to say what you like about it or suggest any modifications, you can do so in the comments section at the end of this post. Thanks :)
The winning logo selection will be announced shortly.
Update: The Bitcoin to the Moon .com logo has now been selected. You can read the post about it here. Merchandise, including t-shirts, mugs, phone cases and much more, is now available here: Bitcoin to the Moon Merchandise.
Yes, after all the build up, hype, panic, anticipation and speculation based on the desire for free cryptocurrency dividends, the Segwit2x hard fork has been cancelled.
BitGo CEO, Mike Belshe, states the reason for the cancellation as, "it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x". You can read his announcement in full here.
Shortly after the announcement, the price of Bitcoin rose to a new all time high above $7800. This, however, was short lived, with the price falling back to just above $7,000. At the time of writing it has picked up to around $7,400.
What remains to be seen is whether those who recently invested in Bitcoin with the specific aim of claiming free SegWit2x coins will continue to hold or sell. If the latter happens in volume, we could see a further drop in price. Either way, as is often the case, we're in for interesting times ahead in Bitcoin.
With the SegWit2x hard fork drawing near, the price of Bitcoin is cooling off. After reaching a new all time high above $7,500 the price slid to below $7,000, and at the time of writing it is hovering just above the 7k mark.
Just prior to this price dip, suggestions were surfacing that Bitcoin was about to surge to $8,000. Will it make one more push for that target prior to the hard fork? This remains to be seen. With so much uncertainty and confusion over what exactly will happen with SegWit2x, the market is even more difficult to predict than usual.
Regular commentators in the Bitcoin space vary in their pricing opinions from up to $20,000 by year's end, to, it's reached a top for the year and may fall to $5,000 after the fork. Who's right, if anyone, will unfold in the coming months. The one thing that's certain, is that it's very risky to leave your Bitcoin on an exchange during Segwit2x. Read, Don't Lose Your Bitcoin During the SegWit2x Hard Fork: Secure it Now for more details.
Once your Bitcoin is secure, it's important to take a long term view of its value. When there are wild price fluctuations and uncertainty in the market, it's easy to make rash decisions. The tale of Bitcoin's history, so far, is that those who haven't panicked or made impulsive decisions during turbulent times have come out on top. Be one of them.
If your Bitcoin is currently at an exchange, you are at risk of losing it during the SegWit2x hard fork that is set to take place on November 15. Don't be lulled into a false sense of security because your Bitcoin got through the Bitcoin Gold block snapshot without a hitch. This is different.
Bitcoin Gold was a friendly fork. That is, they were forking Bitcoin to create an altcoin, not attempting to become the 'real' Bitcoin. SegWit2x is not friendly towards Bitcoin and is more of a takeover bid. Much like Bitcoin Cash, whose proponents call it the 'real' Bitcoin, while they refer to the actual real Bitcoin as Segwit Bitcoin.
With the price of Bitcoin at all time highs, it is just too big of a risk to leave your Bitcoin on an exchange during SegWit2x. Many different scenarios could play out, and just because your Bitcoin has been held on an exchange without a problem in the past, doesn't mean it will be this time. You only need to get it wrong once and your Bitcoin is gone. Talk to, or read the stories of those who lost Bitcoin at the Mt Gox exchange and you'll get a feel for what it's like to have no control over your Bitcoin when things go wrong.
To secure your Bitcoin, get a hardware wallet, such as a Trezor or Ledger Nano S. Next, send your Bitcoin from the exchange to your hardware wallet. Once this is done, you will now control your own Bitcoin private key, rather than the exchange having and controlling it. You have also secured your Bitcoin against anything that goes wrong on exchanges during the fork.
In addition to keeping your Bitcoin safe, as someone who controls your own private key, you ensure that you will be rewarded with a number of SegWit2x coins equivalent to your number of Bitcoin. There is no guarantee of this if your Bitcoin is on an exchange. These free coins can later be exchanged for more Bitcoin. The actual real Bitcoin that is.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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