Meni Rosenfeld, the Chairman of the Israeli Bitcoin Association, told Cointelegraph that he believes 24-hour fees show too short a timeframe to be particularly significant. He pointed out that historic data shows that the Bitcoin transaction fee rate is more volatile than the asset’s price itself. Still, he noted that if the trend continued it would acquire more significance: Meni Rosenfeld continued: Even without using any of Bitcoin’s innovation, I can create a system that, to the end user, will appear indistinguishable from Bitcoin – greatly outperform it, in fact. It will allow receiving tokens and sending to anyone, easily and quickly, with little to no fees. Meni Rosenfeld of the Israeli Bitcoin Association told Bitcoin Magazine that the Association has not yet formulated a stance on the ISA’s investigation. Bitcoin Magazine Bitcoinmagazine.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites. My name is Meni Rosenfeld and I support Bitcoin Core. Just wanted to say it. Seems important. I am not a Bitcoin Core developer or any kind of developer. I am also not affiliated with Blockstream or received any sort of payment or incentive from them. I did meet several of the people from Blockstream (before it existed) in various conferences, such as Pieter Wuille, Gregory Maxwell and Adam ... Twitter consumer Meni Rosenfeld tweeted, “It has been one year since BCH split off from Bitcoin, and it is now clear that it has failing to gain grip as ‘the’ Bitcoin.” Rosenfeld added, “It was given its chance but now it should cease confusing the market with the inappropriate name ‘Bitcoin Cash.'” Buterin responded: “I disagree. ‘Bitcoin Cash is Bitcoin’ is at this point ... Meni Rosenfeld is a mathematics M.Sc. graduate of the Weizmann Institute of Science, specializing in machine learning. After being exposed to Bitcoin in March 2011, he has focused exclusively on activity in this field. He has established the Bitcoin community in Israel, founded Israel's first Bitcoin exchange service, and performed mathematical research on the algorithms that underlie the ... The conference took place on 28 March 2018. Sixteen countries have previously hosted the Blockchain & Bitcoin Conferences since Smile-Expo began hosting them in 2014. The post “Bitcoin Has Matured”: Meni Rosenfeld On Bitcoin In Israel appeared first on BitcoinNews.com.
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