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.


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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.”

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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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Bitcoin ATM Firm Not Liable for Scam Victim’s Losses: Canadian Judge

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A Canadian bitcoin ATM firm which was sued by a victim of fraud can finally breathe a sigh of relief after a judge ruled that the firm was not liable for the losses incurred.

The victim, a woman whose name was withheld, had sued Instacoin ATM Canada to get back the C$62,500 she sent using the firm’s cryptocurrency vending machines to fraudsters, all the while thinking she was transferring the money to Canada Revenue Agency (CRA) to pay her taxes, according to the Canadian Broadcasting Corporation.

Delivering the ruling in Charlottetown in Canada’s Prince Edward Island Province, Chief Provincial Judge Nancy Orr ruled that the contract between Instacoin ATM Canada and the woman was for the purchase of exchanging cash for bitcoin — not for the cryptocurrency vending machine firm to send the funds to the tax body.

‘Decentralized Responsibility’

Additionally, the judge stated that users of cryptocurrencies have to take personal responsibility for what they purchase as transactions are not reversible:

“Both sides involved in this case are completely sympathetic to the woman. It’s up to the bitcoin purchaser to know what they’re doing,” the judge ruled.

Bitcoin ATMs

The victim was initially contacted by the scammers, who were posing as CRA officials and went on to accuse her of making false claims on her tax filings. A recent Iranian immigrant to Canada, the scammers threatened to have her arrested and deported unless she paid the taxes she owed the CRA in bitcoin.

To make the scheme look legitimate, the fraudsters faked a call which appeared to be originating from her accountant’s office with the “advice” that she should pay up. Now duped by the scam, the victim was directed to a specific bitcoin ATM located at a pizza restaurant in Charlottetown.

Fear of the State Machinery

Per the victim’s account of the incident, part of the reason why she acceded to the demands of the scammers was that, with her background, the heavy-handedness of the state was all too familiar and she wanted to avoid falling on the wrong side of the government. But, despite the woman’s lawyer arguing that she acted under duress, Judge Orr pointed out that “Instacoin did not put her under duress” and neither was it aware of her state of mind.

Such scams are, however, not restricted to Canada. Recently, as CCN reported, a similar scam was exposed in Australia, resulting in the country’s taxman issuing a warning to the effect that the Australian Taxation Office does not accept tax debts to be paid in bitcoin. Despite the warnings, the scam still persists, and as of earlier this month, the con artists had hauled in AU$50,000, with the amount being potentially higher since some victims are usually too embarrassed to report.

Images from Shutterstock

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