Bitcoin Roundtable Decommissions Bitcoin Classic, Puts Forth New Conditions
Bitcoin Roundtable has shot down the Bitcoin Classic proposal to introduce a new set of conditions which it wants the Bitcoin community to follow. Scaling Bitcoin network seems to have turned into a much harder task than anyone had ever anticipated. The Bitcoin network is growing each passing day with new members joining the community. The increase in the number of users translates to increased transactions over the network. In the current state, the Bitcoin network will not be able to process all the transactions immediately as they are generated. This will lead to an increase in....
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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....
Bitcoin Classic, the Bitcoin implementation set to double Bitcoin's 1 megabyte block size limit by a hard fork, suffered a significant setback shortly after its official release this week. A group of prominent exchanges, mining pools and other industry players organized under the “Bitcoin Roundtable” collective, stated publicly they will not switch to Bitcoin Classic for the present. An open letter by the Bitcoin Roundtable, including signatories representing major Bitcoin exchange Bitfinex, ASIC-manufacturer and mining pool BitFury, exchange, wallet service and mining pool BTCC, cloud....
February 20, 2016 – Coinbase CEO Brian Armstrong reacts, along with various bitcoin developers, as well as the Co-Founder of Blockstream to the 18-hour long “Consensus Roundtable” that disbanded today in Hong Kong. The roundtable members represented a majority of bitcoin mining hashpower, with members representing the bitcoin development and exchange community noticeably under-represented. The response from these communities has been overwhelmingly negative to the resolutions outlined in the closed-door meeting.
The second annual Satoshi Roundtable, a group of blockchain technology developers, investors and early adopters, discussed important issues such as block chain capacity and the scalability of bitcoin this past weekend, but according to posted comments, they did not reach any conclusions during the invitation-only event. The roundtable was limited to 75 members. Bruce Fenton, executive director of the Bitcoin Foundation, posted a notice about the roundtable on Reddit. The roundtable’s Facebook page says it is a select group of leaders in the blockchain technology industry who gather for a....
Over the weekend a conference took place billed as “Satoshi Roundtable.” For one, Satoshi was not there. And for two, even though the conference was comprised largely of self-identifying libertarians or “anarcho-capitalists,” the symbolism of the event – a Roundtable – couldn’t be any more loaded. The symbolism of a Round Table has evolved throughout the course of history. By the end of the twelfth century, the Round Table represented the chivalric order of Arthur’s Court, known as Knights of the Round Table. Generally, knights were of noble birth – they were kings and princes, dukes,....