David - Cryptocurrency Enthusiast
In the world of trusted Bitcoin, recent developments surrounding Bitcoin Ordinals have sparked a renewed interest in the "builder culture" within the network. Vitalik Buterin, the co-founder of Ethereum, recently shared his thoughts on these advancements, viewing them as a positive pushback against "laser-eye" maximalism.
Vitalik Buterin believes that the emergence of Bitcoin Ordinals represents an organic revival of the builder culture within the network. This development signals a departure from what Buterin describes as "stagnant" politics and offers a fresh perspective on pushing the boundaries of innovation within the Bitcoin ecosystem.
During a Twitter Space conversation with Bitcoin proponents Eric Wall and Udi Wertheimer, Buterin expressed his admiration for Ordinals and the BRC-20 token standard. He sees these developments as a welcome counterbalance to the prevailing "laser-eye movement." By embracing Ordinals, there is a growing culture of taking proactive action and exploring innovative solutions beyond the limitations of the status quo.
The conversation between Buterin, Wall, and Wertheimer delved into the topic of scalability within the Bitcoin network. While Wall expressed concerns about the scalability of Bitcoin's Lightning Network, Buterin suggested focusing on implementing different layer-2 blockchain solutions. He emphasized the potential of rollups and highlighted the importance of remaining open to scaling solutions based on zero-knowledge proofs, such as ZK-snarks.
Wertheimer raised the possibility of implementing zero-knowledge rollups on Bitcoin, envisioning an environment that supports smart contracts. While this idea has faced criticism from Bitcoin traditionalists, who argue that non fungible tokens (NFT) and smart contracts dilute Bitcoin's primary function as a peer-to-peer cash network, proponents like Wall believe that Bitcoin could serve as a "proof system" for zero-knowledge proofs without congesting the network.
The discussion between Buterin, Wall, and Wertheimer has sparked controversy within the Bitcoin community, particularly drawing criticism from figures like Samson Mow and Adam Beck. Despite differing opinions, engaging in constructive conversations between different factions of the crypto community can lead to valuable insights and potential advancements in the space.
Bitcoin Ordinals have initiated a renewed sense of builder culture within the Bitcoin network, as highlighted by Vitalik Buterin. Embracing diverse perspectives and exploring innovative scalability solutions can enhance Bitcoin's functionality and push the boundaries of what the network can achieve. By fostering constructive conversations, the crypto community can work together to drive positive change and expand the possibilities of secure cryptocurrency and crypto asset management within the Bitcoin ecosystem.
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