Bitcoin Classic Drama Hits New Highs, Debate Continues
Bitcoin Classic has been a point of controversy since its announcement. Taking on Bitcoin Core head-to-head, Classic proposes an immediate block size increase to 2 MB, with provisions for future increases. The block size debate has always been contentious, apt to erupt into name-calling and mudslinging. But now, with Core facing serious competition from Classic, this scalability issue may soon be forced to come to a head. On February 22, 2015, reports surfaced of bitcoin mining pool Multipool.us opening a pool for Bitcoin Classic. Multipool.us dedicated an entire petahash of mining power....
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The ongoing ethereum classic drama is yet another illustration of the great irony of cryptocurrency – a technology invented as a way to form consensus keeps facing its greatest threat from the inability of its communities to form it. When there's a fork, it's important for the community to choose wisely between the two branches. But it's also important, often more important, for the community to converge on one branch. In a case like ethereum, which now has two competing versions, ethereum (ETH) and ethereum classic (ETC), not converging will do more harm than converging on the inferior....
Fresh out of jail on bail for embezzlement, disgraced Mt. Gox CEO Mark Karpeles poked fun at the Bitcoin community’s for their lack of resolution in the block size limit issue. Karpeles, in a tweet sent shortly after his release from jail, expressed his detachment from and disdain for the current state of Bitcoin, including a jab at the persisting one-megabyte block size limit debate: Block size limit still an issue, though drama has died down. The issue of whether or not to raise Bitcoin’s block size limit is a contentious one, responsible for a “splinter subreddit,” /r/btc, to emerge....
The Bitcoin block size drama continues, as it has taken yet another interesting turn. Even though F2pool is considering removing their consensus support, the mining pool has also opened up their platform to feedback from individual miners regarding the 2MB block size increase. It is only due diligence to ask the opinion of the people who protect and secure the Bitcoin network every day. F2Pool Asks The Miners What They Think. Despite the Bitcoin block size debate going on for quite some time now, hardly anyone has ever considered asking the miners what they think. Nearly all of the focus....
Following a months-long debate on how best to scale the bitcoin network to accommodate a greater number of transactions, bitcoin mining firms are voicing their support for a newly introduced proposal called Bitcoin Classic. Though a new entrant to the debate, Bitcoin Classic so far has the support of bitcoin developers including former Bitcoin Core maintainer Gavin Andresen, Bloq CEO Jeff Garzik and Ledger Journal editor Peter Rizun, among others. If adopted, Bitcoin Classic would increase the size of blocks on the bitcoin blockchain to 2MB, up from 1MB today. The proposal has created....
While the war between Bitcoin Core and Bitcoin Classic enthusiasts is far from over, the entire digital currency landscape is slowly starting to change. Most people assumed bitcoin ATMs would not take sides in this debate, but it looks like a mind shift is taking place in this segment as well. A total of five Bitcoin ATM operators in North America has switched from Bitcoin Core to Bitcoin Classic, a decision affecting a total of 29 machines. Operating A Bitcoin ATM During The Block Size Debate. When thinking of a Bitcoin ATM, hardly anyone gives the concept of which wallet software....