Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

News

On Friday, Oct. 19, the developers of Bitcoinfiles.com launched the first official version of the product. Now anyone from around the globe can tether a file (5kb or less) to the BCH chain, ensuring its resistance to censorship.

Also Read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty

File Storage Tethered to the Bitcoin Cash Blockchain

Bitcoin Cash (BCH) developers James Cramer, Attila Aros and ‘Hapticpilot’ have announced the launch of a working product called Bitcoinfiles.com, a platform that allows people to upload and download files tied to the BCH blockchain. Currently, the files allowed have to be small and the service only allows 5kb or less per upload. The programmers have added a $0.25 fee in order to process a BCH file upload. Downloading a file doesn’t cost anything and you can share the file’s URL with anyone you like.

Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

Uploading and Downloading Timothy May’s Timeless Manifesto

Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System Experimenting with Bitcoinfiles.com is fairly intuitive if you are able to operate a BCH wallet and are familiar with uploading files to hosting sites. Basically, users simply press the upload button and can browse their operating system for files under 5kb. In order to test the platform, news.Bitcoin.com copy and pasted the entire text from Timothy May’s Crypto Anarchist Manifesto text into a rich text file (rtf) which ended up being roughly 4kb in size.

After pressing the upload button and choosing a file, the user has to accept a disclaimer which basically states that Bitcoinfiles.com is not responsible for illicit behavior. After accepting the disclaimer, you can pay for the file upload ($0.25 + network fee) either by using the Money Button or using a QR code and the text from a traditional address.

Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

After whipping out the trusty Bitcoin.com Wallet, the QR was scanned without error and I paid the fee. Almost instantly after the invoice was paid the platform showed me it was uploading my file. The upload took less than a minute and the Bitcoin Files application dispersed a BCH blockchain URL at the end. Users can also view uploads on the website’s file explorer powered by Bitdb 2.0. The manifesto was there, showing a timestamp of approximately 16:59 UTC and the file’s hash as well. After the upload was complete, I then pressed the download file button on the website to choose from all the uploaded files on the network. Using the URL from the previous manifesto rtf file upload, the platform downloaded the file very quickly, with no charge for downloads.

Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

Files That Endure the Test of Time

The implications of a project like Bitcoinfiles.com could be massive as the platform can allow anyone to create an uncensorable file that’s forever tied to the BCH chain. The protocol does not require any registering or identification and files could be uploaded by anonymous whistleblowers, journalists, and anyone else who wants to save files in an immutable fashion. However, some may think a concept like this could be problematic if people were to upload illegal or taboo material and malicious data. The project is open source and the protocol could be integrated elsewhere. so it’s possible files could be uploaded and extracted without depending on the Bitcoinfiles.com platform as well.

What do you think about Bitcoinfiles.com? Let us know what you think about this project in the comments section below.


Images via Shutterstock, Bitcoinfiles.com, and Jamie Redman.


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Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?

Op-Ed

When the idea of a working digital currency like bitcoin was introduced, many of its early adopters disliked the current bureaucratic system, with a cartel of bankers pulling the world’s monetary strings. Over time, however, something weird has happened and the idea of permissionless innovation perverted into people literally asking nation states for permission, begging for ETFs, and creating a settlement layer for the ‘new 1%.’

Also Read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty

Bitcoin Changed Everything — But Some People Want to Pervert the Original Goals

Over the last two decades, there’s been a growing faction of anarchists, libertarians, and freedom fighters aiming to change the world. They have become fed up with the sociopaths leading the world into never-ending conflicts and are tired of the central banks printing massive amounts of fiat, devaluing currencies, and causing hyperinflation.

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?

Then, after the 2008 economic crisis, a technological innovation called Bitcoin was born, allowing users a medium of exchange that couldn’t be censored. For the first time ever, a software-derived currency gained value, even though it wasn’t backed by a single individual, corporation or nation-state.

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?Many people believe cryptocurrencies are meant to end the nation state’s and central bank’s rule over money.

Back in the early days, on Bitcointalk.org and developer IRC channels, Satoshi and other developers discussed many ideas that revolved around removing central authorities. On Feb. 11, 2009, Satoshi posted to the Foundation for Peer to Peer Alternatives (P2P Foundation) introducing his software to the world. Within that specific post, the software’s creator explained that most commerce now relies on third parties and financial institutions that ultimately can’t be trusted.

“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve,” Satoshi explained. “We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.”

From this point on, not only did Satoshi’s idea changed the entire way people had thought about money, but the entire concept of trusting a third party was turned upside down for those who listened. During Bitcoin’s infancy, there were no discussions of exchange-traded funds (ETF) backed by corporate entities like Cboe and Vaneck. Network fees were a penny or less for the network’s first few years and at that time anyone could send micro-transactions across the globe. But since then, BTC fees have fluctuated wildly, effectively censoring people in developing nations, from time to time, who can’t afford higher fees. This makes the network undesirable for remittances.

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?How can BTC be censorship resistant if network fees censor more than half of the world?

Long ago, no one cared about Wall Street deals from Bakkt and institutional money flocking towards bitcoin. Satoshi talked about privacy, Tor and I2P integration back then — not shaking hands with the devil. Most people talked about using bitcoin to remove central authorities in banking, content publishing, music, tipping, domain services using .bit, and literally anywhere they could think of on the open web.

Taboo Talks of Darknets, Avoiding Taxes, and Even Remittances Has Been Replaced With the Need for Status Quo Acceptance

For a while now, these ideas have since been silenced by loud discussions of futures markets, politicians accepting bitcoin, and Wall Street thieves swapping BTC paper notes. Talking about things like darknet markets and the Silk Road is deemed ‘too taboo’ for the masses hoping and praying for elected officials to define bitcoin as ‘money.’

The malaise started in 2015 when blockchain hype jumped into light speed and more people began begging the state for cryptocurrency acceptance. Can you believe people ask permission from bureaucrats to use a permissionless currency? Instead of donating funds to Wikileaks, Antiwar, and other activists on the front lines, people now clap feverishly when they hear Goldman Sachs is contemplating a trading desk.

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?My interview with Cody Wilson back in 2015.

We have not yet realized that institutional money does not equate to mass adoption. For some odd reason, many people believe that once big money players jump in on bitcoin, the demand will skyrocket. They grow excited any time a financial incumbent enters the ‘blockchain space’, thinking that this lead to a significant network effect. These individuals seem to forget how small the financial elite is within this world, and they are forgetting or ignoring the massive amounts of people who could use a hard currency without a third party. One would think that mass adoption begins with the people who need it the most — the unbanked. Some people will recall that at one time the remittance industry was regarded as a prime sector for bitcoin to dominate, but nowadays cross-border payments are a distant memory.

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?Anarchist Amir Taaki has been very vocal against the current thought leaders and dogmatic followers.

There are certain thought leaders who are pushing a new agenda for Bitcoin technology. Many of these clowns disingenuously imply that the unbanked will be able to use bitcoin despite its high fees. Developers using sophistry act like meritocracy has elevated them to their positions. In fact, they’ve created a disgusting technocracy applauded by those prone to confirmation bias and circular logic.

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?In the Bitcoin space ‘thought leaders’ have grown in number. 

Thankfully, they don’t seem to have anticipated the blowback they’ve instigated. The cult of Bitcoin personalities is slowly losing power but it will take time to dissipate. Over the past year, after 2017’s absurd comments about high fees being good for settlement, these individuals have started to promote using fiat over bitcoin.

People should start looking at the early days of Bitcoin again. They should re-read old forum posts and discussions concerning how it was once the goal to remove the world’s money from the state and central banks. Back then people followed a philosophy that aimed for consistent freedom, but the get-rich mentality and permission-seeking mindset has proven pernicious.

As John Lennon once said, it’s easy to become the status quo when you are entrenched in trying to replace them. Bitcoin deserves better.

What do you think about the original philosophy of the early adopters and cypherpunks being replaced by visions of joining the status quo? Let us know what you think about this subject in the comment section below.

OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.


Images via Shutterstock, Twitter, Banksy, and Pixabay. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

3 Cryptocurrencies Well-Positioned to Beat BTC Price in Q4 (AMB, BCH, ADA)

This week’s cryptocurrencies market analysis will concentrate on technological advancements in the blockchain space in quarter 4. The analysis will focus on major technological upgrades occurring in quarter four along with Ambrosus (AMB) being a top contender to produce returns well in excess of 100% in the immediate short term.


3 Cryptocurrencies We Predicted Would Rally 

Last Week’s Piece, which highlighted the cryptocurrency GOChain 00, resulted in GO increasing more than 50% in value in the 48 hours that followed. This is similar to TRIG, VIBE, and EVX, which all had rallies in excess of 50-250% following analyzing their short-term developments.

It may be a ‘bear’ market but clearly, but it is showing bullish signs and AMB is likely to be next.

Each cryptocurrency on this list has its own specific reasons from unique conferences to increasing their coin’s utility for their bullish short-term tendencies. This week will focus on AMB, BCH, and ADA, with AMB likely to lead the charge as a cryptocurrency likely to gain in excess of 50% in the short-term.

Ambrosus (AMB)

This week AMB 00 is highlighted as likely to have major bullish tendencies in the short term as they release their upgraded Mainnet 2.0. AMB developers are clearly remaining committed to their project even amid the bear market. Currently, AMB’s market cap is barely over $20 million.

In other words, if it approaches a $100 million market cap, the value of the underlying AMB increases 500% (5x).

With multiple other cryptocurrencies having mainnet updates in the prior months there can be a common occurrence gleamed from watching the cryptos price movements in the days leading up to launch. The coins have a tendency to trend North in anticipation of mainnet release.

As more individuals check the crypto calendar and see ‘news’ they start FOMOing and rush in. The goal is to beat those FOMOing individuals into the alts with upcoming major developments.

Bulls Still Bullish

This week’s piece does not focus on conference developments, or utility developments, but instead on tech developments.

AMB with their Mainnet Version 2.0 being released before the end of quarter four should provide an unexpected surprise announcement (that you’d have to go all the way to December on the crypto calendar to view or be following the project to know). These types of tech upgrades, especially with exact dates unannounced provide a major opportunity for bullish price movement.

AMB has their Mainnet 2.0 being released this quarter but also has developments occurring behind the scenes and major partnerships in the works. A market capitalization of only 20 million, coupled with tech advancements, partnerships, and listings on the biggest exchanges, is why AMB is an attractive acquisition target.

Individuals familiar with AMB’s team have mentioned numerous times how partnerships are planning on being announced by the EOY in either the pharmaceutical supply chain or food supply chain monitoring. AMB is also onboarding many of their core community for internal product testing and development. Major developments are happening within AMB and quarter 4 coupled with Mainnet 2.0 should push AMB even higher.

AMB is a blockchain-powered IoT network, enabling secure and frictionless dialogue between sensors, distributed ledgers, and data to assure product quality. This niche (supply chain monitoring) is one where blockchain will continue to exploit as their transparent nature, ability to track frictionlessly and provide live updates will revolutionize the supply chain and IoT technologies.

With quarter four’s Mainnet Version 2.0 on the horizon it is likely we see a major Northern price trend produced due to upcoming tech advances and partnerships.

Q4 price target prediction: $ 0.60-$0.72 in the short term, approximately 6,000 Sats.

Bitcoin Cash (BCH) 

Bitcoin Cash (BCH) 00 has had a rough summer and the upcoming Bitmain IPO, which was supposed to boost BCH’s price, but has suffered due to swirling rumors about false claims of investors and quarterly sales numbers. However, when the market is ‘doubting’ a coin this is the time to believe in it.

“Be fearful when others are greedy, be greedy when others are fearful,” said Warren Buffet.

Right now the market is fearful regarding BCH, which is why it is time to be greedy.

Regarding BCH’s quarter 4 and technological advancements they have an upcoming hard fork and are participating in Amsterdam’s DevCon October 27, 2018. This hard fork has investors both worried and curious.

The worry and fearfulness are overpowering the curiosity resulting in BCH falling more than 50% against BTC since the beginning of summer.

The Bitcoin Cash fork is occurring because two of the biggest mining groups (by hash power) have split thoughts on the future of BCH. One group wishes to introduce atomic swaps intending to make BCH the most scalable, extensive, and utilizable blockchain, while slowly moving BCH away from a currency used like ‘cash.’

The other group wants BCH to remain as close to “Satoshi’s Vision” as possible while remaining a true ‘digital currency.’ These visions are clearly competing leading to what amounted to a Twitter argument between two huge hashing groups of BCH (and a BCH price correction).

An upcoming hard fork coupled with attending major technology conferences are two reasons why BCH may increase in value against BTC even if it does not outpace top contenders like AMB.

BCH has major tech upgrades coming in quarter 4 with the possible hard-fork. If no fork occurs this will settle investor’s nerves and likely also lead to a BCH price rally. The Bitmain IPO, which has seemingly been forgotten, is about to occur. Between conferences and the Bitmain IPO, the community and BCH awareness should increase significantly in Q4. Conferences, Bitmain’s IPO, and a hard-fork are all quarter 4 catalysts for BCH.

Q4 price target prediction: A minimum of $600 by the end of quarter 4 and a 20% increase in value (Satoshis) against BTC.

Cardano (ADA) 

Cardano 00 has the least impressive tech upgrades on this list but it has some very important things going for it in quarter 4. It is a front-runner (along with BAT) to be listed next on Coinbase.

If the price movement of the prior two coins listed on Coinbase is a hint, an ADA listing will boost its price significantly in the short term. ADA is also being fully integrated in November into the Metaps Plus platform.

Metaps Plus is a fintech company that has a specialized point of sale (‘POS’) payment system. They are based out of Korea and have over 30,000 offline stores already using their POS system. Although ADA is not undergoing a tech upgrade, being introduced into the Metaps payment platform significantly increases ADA’s utility. Adding utility adds the most value in the crypto space and through integration into a new POS system ADA is ensuring they remain relevant, at least for the near future.

The integration of ADA into Metaps is supposed to be completed in November. This provides the next ten days as the perfect time to do research on ADA and whether or not they are likely to succeed in the short and long term.

With a Coinbase listing seeming imminent coupled with being added to an already functioning POS system in 30,000+ stores; ADA seems to be a Top 10 Cryptocurrency primed for growth in quarter four, compared to Bitcoin BTC 00.

Best Chances for Short-Term Gains

Even in this bear market, some cryptocurrencies have produced returns greater than Bitcoin, despite BTC’s resurgent dominance to boot. Based on potential tech advancements in Q4, AMB is poised to produce the highest returns, in my personal opinion.

#REKT? Not With Bitcoin! Yearly ROI On Largest Cryptocurrency Still Tops 150%

However, when Top 10 cryptocurrencies by market cap also have major advancements in the next few months it is important to target ‘safer’ options as well. BCH and ADA have important events occurring in the quarter 4 that make them more relevant and likely to gain in Satoshis against BTC.

Crypto is a high-risk marketplace and cryptocurrencies with smaller market caps like AMB should see the highest returns against BTC in the immediate short-term.

AMB may see price movement in excess of 100%. It is much less likely that ADA and BCH will see that type of movement due to larger market caps. However, upward price trends from all three are likely as they each have important Q4 updates.

To read the King’s prior articles, to find out which ICOs he currently recommends, or to get in contact directly with the King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports). The Crypto King is the founder of ANON and does actively trade cryptocurrencies.


Images courtesy of Shutterstock