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Jack Dorsey Has A “Plan” To Decentralize Bitcoin Even More

Jack Dorsey’s plan: make Bitcoin mining as easy as plugging in.

Covered:

  • Jack Dorsey Wants Bitcoin Mining To Be More Decentralized
  • The Real Impediment To Bitcoin Mining

Jack Dorsey Wants Bitcoin Mining To Be More Decentralized

CEO of Twitter Jack Dorsey has a plan to make Bitcoin Mining more decentralized than it already is. What that plan is exactly, is unclear.

Dorsey tweeted that fintech company Square, which he is also CEO of, is getting into Bitcoin Mining similarly to how they are dabbling with a wallet. “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.” Dorsey added, “The more decentralized this is, the more resilient the Bitcoin network becomes.”

In order for Bitcoin to achieve Dorsey’s idea of decentralization, more people need access. And, that access has to be straightforward and unintimidating. Dorsey believes Bitcoin mining should be as easy as “plugging a rig into a power source. There isn’t enough incentive today for individuals to overcome the complexity of running a miner for themselves.”

The Real Impediment To Bitcoin Mining

Complexity is one thing, but the real impediment to Bitcoin mining is cost and access. The tech required to generate any ROI is either hard to get, or very expensive.

Though, some companies are trying to make more affordable options, like Heatbit. Heatbit offers Bitcoin miners that double as “heaters” that can keep you warm during those cold winter months…

It’s unclear how profitable these smaller, non ASIC options will be. Someone made 840 dollars in a month of a mini-rig, but they did it stealing Starbucks power.

The post Jack Dorsey Has A “Plan” To Decentralize Bitcoin Even More appeared first on CryptosRus.

Metamask shows "ALERT: Transaction Error. Exception thrown in contract code" but transaction succeeds without error

I’ve been testing my dapp and I noticed when I updated my contracts Metamask started to throw an error for one of the contracts we made a slight change to. Metamask says the tx will fail and the contract will throw an error – but it doesn’t. There is no error on the contract and::Listen

I’ve been testing my dapp and I noticed when I updated my contracts Metamask started to throw an error for one of the contracts we made a slight change to.

Metamask says the tx will fail and the contract will throw an error – but it doesn’t. There is no error on the contract and everything works smoothly.

Metamask shows this: "ALERT: Transaction Error. Exception thrown in contract code."

A few times we’ve been able to remove the message by restarting our dev environment and metamask. But its not working this time.

Again – the submitted transaction is going through fine without any reverts or errors.

So… why is metamask showing this error message and how do we fix it?

edit: I’ve submitted multiple tx’s when metamask shows this error and none of them have errored out. Basically just ignoring its message, but why is it happening.

Also testing the same contract with same input as our dapp uses in remix throws no errors. So…something is screwed up somewhere but not sure what

Jack Dorsey Has A “Plan” To Decentralize Bitcoin Even More

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