Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

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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.


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.

Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees

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Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.”

Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One noted it “was horrible” and said that there “were people crying” over the occurrence.

The ex-employees revealed that senior executives started getting laid off earlier this week, on October 15, with other employees being fired by an executive the very next day. The company, justifying what was going on, revealed it was restructuring its marketing and human resources departments.

Those interviewed by the local news outlet claimed the affected departments were shuttered following the layoffs. One said that executives told employees that “it was a company moment, they needed to dry out their structure. In short, they went one step over what was being billed.”

bitfinexSource: Shutterstock

The move could seemingly have been predicted as the ex-employees further claimed the working environment at Mercado Bitcoin was deteriorating. Per their words, about two months ago most of what they were doing was getting “shelved,” and their work volume kept on decreasing.

“We created processes and presentations but everything kept getting stuck. Things that we did in an hour, now started being done in two days. Some people were really idle. I had nothing to do.”

According to their accounts, Mercado Bitcoin fired employees it hired from other companies less than six months ago and, in some cases, fired people that had been working there for less than two months.

The move is notable as the cryptocurrency exchange is the largest one in Brazil. According to available data, it traded 4,150 BTC in September, and 1,965 BTC so far this month, which means it represents over 30 percent of the Brazilian market’s volume.

Crypto Exchanges Under Scrutiny

Responding to a request for comment from Portal do Bitcoin, the cryptocurrency exchange revealed it has been “promoting changes in its structure” since the beginning of this year to serve its users better. In October, its reply reads, changes were made to the marketing, HR, and administrative departments, while others were left unchanged.

The exchange operator added:

“Regarding financial and personnel data, Mercado Bitcoin does not disclose its information to the market, but clarifies that the number of people who left the company in October is significantly lower than indicated, reaching 20 people only, if we include consultants and other service providers.”

The exchange’s move comes at a time in which XP Investimentos, Brazil’s biggest investment firm, is launching its XDEX cryptocurrency exchange. Huobi, the world’s second-largest exchange by trading volume, also expanded into the country earlier this year.

Notably, exchanges in Brazil have been under scrutiny, as back in August the government sent them a 14-point questionnaire to learn more about their businesses and their potential use in money laundering. Earlier this month, the country’s antitrust watchdog, CADE, sent them another questionnaire they’ll have to answer or face a fine that can reach $25,000.

Editor’s Note: Some statements in this article were translated from Portuguese.

Images from Shutterstock

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