Bitcoin Might Use Space to Prevent News Censorship
By Mark Lemon – Cryptocurrency Professional
A group of developers are working on preventing governments and other prominent entities from blocking news with something that utilises the power of the Bitcoin network and orbital communication.
Bitcoin plays a big part in this because messages that are sent using satellites paired with software from Blockstream. A user would need to buy Bitcoin to send with their message which would incur a small cost. The reason for this is that not many messages can be sent due to limitations with sending messages through this medium.
Bitcoin was primarily chosen as it is censorship-resistant by design. It makes more sense to buy Bitcoin and use it instead of another payment entity that could be shut down by the same groups that are attempting to censor the messages.
There is one Bitcoin user going by the pseudonym of SafetyFirst, who has broadcast a plethora of news in a package they’ve dubbed as “BlockSat.” This is a test for “proof of news,” which name derives from the “proof of work” system used to power transactions for selling and buying Bitcoin.
The concept of this innovative medium is when the messages have aired, they will be sent around the world. Providing a user has a satellite that costs around $100, they can receive and see those messages.
SafetyFirst wrote the following in a tweet:
“The future of open access to information is happening right in-front of our eyes.”
SafetyFirst also believes that the ability to receive information without interference from any entity would be of great value in areas where the control of the news and information stifles access.
Don’t forget to look further into our platform to buy Bitcoin UK from your trusted Bitcoin broker!
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards