Brian Armstrong Praises Ethereum Hard Fork; Receives Criticism
Brian Armstrong's recent tweet supporting Ethereum hard fork is being criticized by the cryptocurrency community. Brian Armstrong, on his twitter channel, wrote — “If Ethereum pulls off this hard fork, very positive signal for them as a team. Shows they can listen to community, execute in time of crisis,” referring to the recent decision by the Ethereum Foundation to execute a hard fork to retrieve $60 million worth of DAOs that were siphoned off by an unknown developer. Armstrong was able to manage that by taking advantage of a critical flaw in the Ethereum/DAO network. But for many, his....
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Coinbase CEO Brian Armstrong feels pretty confident about the outcome of a block size hard fork. In fact, he’s willing to bet $5,000 that “Bitcoin’s first hard fork works out just fine.” In a Medium post by the Coinbase founder, Armstrong declares that the code will not be a split and is merely upgrading. Brian Armstrong has been very vocal about the....
Brian Armstrong, CEO and co-founder of Coinbase, claims bitcoin is upgrading rather than splitting on account of Bitcoin Classic, and he’s willing to bet anyone $5,000 that he’s right. Armstrong, writing on Medium, said hard forks are one of the most important bitcoin innovations and having multiple teams working on the bitcoin protocol is a positive thing. He said he is willing to bet $5,000 USD payable in any equivalent amount of fiat or crypto currency to the charity of the winner’s choice that bitcoin’s first hard fork will be an upgrade of a single currency, not a split, and all will....
Brian Armstrong, Coinbase’s CEO, publicly said he does not support the statement of around 20 bitcoin exchanges which says that in the event of a hard fork they will list the Bitcoin Core chain as BTC regardless of the longest chain or, presumably, regardless of price and other factors. Armstrong said: “It doesn’t make sense to say BTC can only be modified by one development team. If there is overwhelming support from miners and users around any new version of the software (regardless of who wrote it), then I think that will be called Bitcoin (or BTC).” Another exchange, Yunbi, has come....
Brian Armstrong, founder and CEO of Coinbase, admitted on Twitter last week there could still be bugs in the Ethereum DAO. This comes after various tweets encouraging the hard fork as a means of updating blockchain systems. “My hope is to see hard forks as an elegant upgrade/voting mechanism, not something to be feared that results in multiple coins,” Armstrong wrote on the popular social media platform. “Easy to forget how many voices there were in the bitcoin company spreading FUD about the danger of hard forks,” he tweeted. “Here is one more success case.” He later tweeted: “Success!....
Brian Armstrong strongly argues that China’s Central Bank Digital Currency will pose a threat to the U.S. Armstrong see the CBDC as a move that will disrupt the United States reserve currency in the long run. According to Coinbase CEO Brian Armstrong, he has already discussed his concerns with heads of agencies and lawmakers. Brian […]