BTCC's Samson Mow on Block Size: The Bitcoin Community Must See Through Manipulation, Keep Calm and Write Code
Samson Mow is the Chief Operating Officer of Chinese Bitcoin exchange, wallet service and mining pool BTCC. A successful executive in the video game industry, Mow joined the Bitcoin company run by his friend and CEO Bobby Lee as an adviser last year, and has gotten further involved with the company ever since. Mow has actively engaged himself in the....
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BTCC COO Samson Mow: Without Consensus on Block-size Limit, Stakeholders Might Implement an Increase
BTCC Chief Operating Officer Samson Mow indicated that the leading Chinese mining pool and exchange supports an incremental increase of Bitcoin's block-size limit to 8 megabytes in order to buy time for alternative solutions to be developed. Moreover, Mow believes the Bitcoin industry might opt to raise Bitcoin's block-size limit even if no consensus is found among the Bitcoin Core development community. "If there is no consensus soon, I could see a situation where stakeholders make a decision to implement a small increase," Mow said. "Without bigger blocks, a fee market will develop,....
Today, Bitcoin Classic released code that could double the block size. The concept is crucial, the timing is interesting, the repercussions massive. At CCN, we have covered block size conversations and opinions. Bitfury’s Vavilov has an opinion. Dash has addressed the limitations. But now the debate is in full swing and the intensity is increasing. After Mike Hearn’s recent departure, the discourse in the community was mostly centered around the question of “What does it mean?” Of course not to imply that today’s release is at all correlated with Hern’s exit, but at least now we know what....
If you’re looking for some insights from the recent Bitcoin Roundtable consensus, you’re in the right place. The Bitcoin Roundtable meeting was seen as an essential step for the bitcoin community. Samson Mow, chief operating officer of BTCC — a China-based bitcoin exchange and mining pool — is a key participant of the scaling bitcoin debate, Bitcoin Core v. Classic, and is vocal in his intention to motivate the majority of the bitcoin community to stay with Bitcoin Core. Mr. Mow runs the day-to-day operations of BTCC, one of the largest Bitcoin companies in the world with a considerable....
BTCC Mining firm CEO Bobby Lee mostly urges a “wait-and-see” approach before jumping to conclusions about how the Block Size debate might turn out. “Even though there are people out there who don’t like what Core is doing, I still fundamentally think that they are a very valuable resource in the Bitcoin community, and whatever compromise we propose, that we need to involve the feedback and input from Core team,” says the BTCC CEO. He makes clear in the recent Reddit AMA that he supports the Core Bitcoin developers. “Even though there’s a lot of opposition in the industry, I fundamentally....
Bitcoin Core Developer Jeff Garzik has introduced Bitcoin Improvement Proposal (BIP) 202, proposing that the Bitcoin community and miners take small and economically sound steps in increasing the maximum Bitcoin block size to 2 megabytes. Over the past few months, bitcoin core developers have proposed a number of BIPs including BIP 100 and 101, to increase the Bitcoin block size up to 8 megabytes. However, Bitcoin experts have criticized such proposals with concerns that it may "break" the Bitcoin code. "Bitcoin's block size limit needs to be increased in order to achieve wide Bitcoin....