Crypto 360°

Monday, 16 May 2022

Has Bitcoin (BTC) lost its “store of value” narrative?

submitted by /u/GETSOME88-007
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source https://www.reddit.com/r/btc/comments/uqdvm7/has_bitcoin_btc_lost_its_store_of_value_narrative/

Emirates now accepts bitcoin as payment

The Dubai airline Emirates has revealed plans to integrate "bitcoin as a payment for services rendered". The aspirations to embrace Bitcoin by this airline came just a few weeks after the company disclosed its NFT and metaverse plans. Although the time the plans will be implemented is still unknown.

Emirate, the major airline in the United Arab Emirates (UAE), also plans to launch a metaverse and NFT trading platform for other decentralized currencies like Threedium, Metaloop, MetaTokyo Faith Tribe, etc.

According to the company’s chief operating officer (COO), Adel Ahmed Al-Redha. The airline’s aspirations to embrace Bitcoin come just a few weeks after the company disclosed its NFT and metaverse plans.

However, in comments published in Arab News, Al Redha mentioned that his company might need to hire staff to help it develop applications that track client wants. He also indicated that the airline would try to use blockchain to track aircraft records. However, when Emirates implements these plans, and customers will be able to pay with Bitcoin is unknown.

Finally, just like Abu Dhabi and the wider United Arab Emirates, Dubai has been attempting to attract crypto companies by establishing a clear legislative framework within which digital asset companies can operate. These regulations have attracted many crypto exchanges, but they also appear to be opening the door for more traditional businesses to embrace crypto.

submitted by /u/Eileen755
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Happy Bitcoin Cash May-2022 upgrade! Follow up on the 2.5 BCH giveaway (or how I outsourced making history)

First, congratulations to everyone on a smooth and successful Bitcoin Cash upgrade, and I'd dare say biggest upgrade Bitcoin has had since genesis!

I wanted to be part of history so I made sure of it by making a competition and had so much fun observing how it went! Vanity can be fun! :D

1st block using new Bitcoin Cash features has been successfully mined and is full of transactions with the OP_RETURN message:

Happy Bitcoin Cash May-2022 upgrade! - bitcoincashautist

and not one of those TXes was created by me! All of them were made by someone else, taking Bitcoin Cash out of my reward pool! :)

The reward pool has been almost entirely depleted in the first block, so congratulations to the winner or winners! There's now 205 transactions with the competition contract: https://bch.loping.net/address/bitcoincash:pzq2vg8ppftlnk7raj452eae33upjgedj5dnc5efg5 and each transaction that spends from that address has my message, because the contract requires it in order to be spent from :D

It's not the 1st TX in the block, however one of the reward spends made 2nd place, and congrats to whomever sent this one and made the first place. Still, the competition TX is the 1st one that uses and demonstrates features from both CHIPs so mission accomplished!

Also, congrats to ViaBTC and Mr. aziz2025 for mining the first upgraded block!

How does my contract work? It simply requires that:

15/16 of the amount being spent goes back to the same contract address
an OP_RETURN output with my message is part of the transaction

The 1/16 is there for the taking and fee payment - winner(s) simply had to fill in their address and repeat the process until they depleted the contract address.

Congrats to all, and I hope to make something more cool for May 2023 upgrade!

PS Here's how the contract looks like in Bitauth IDE if anyone wants to study it.

submitted by /u/bitcoincashautist
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source https://www.reddit.com/r/btc/comments/uqamxa/happy_bitcoin_cash_may2022_upgrade_follow_up_on/