Greg Maxwell Criticizes Altcoins for Distracting Bitcoin Development
Bitcoin Core Developer and the Blockstream co-founder Gregory Maxwell explained how altcoins are distracting resources that could have been utilized to improve Bitcoin. The celebrated techie, who was attending the launch of their pet project, the Sidechain Elements, criticized altcoins muddling the Bitcoin sector by creating an inessential competition. "I think the 2.0 space has, frankly, screwed up the 1.0 space by distracting talent, diverting money, misallocating infrastructure," he explained. "And most of all, [it has confused] our message to the public (regarding bitcoin's ability to....
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Mt. Gox Official Statement. Mt. Gox have just released their official statement regarding their recent decision to halt all Bitcoin withdrawals. Essentially, they are claiming they can't release customers' funds until a known bug in the Bitcoin protocol is resolved. The market is reacting very negatively to the Gox announcement, falling ~$160 on high volume since the news. Greg Maxwell Responds. I spoke with Bitcoin core developer, Greg Maxwell, about this highly technical issue. Greg Maxwell and Peter Wuille are the core developers in consultation with Mt. Gox, as per their press release.....
Greg Maxwell is a target of a recent online Bitcoin community controversy that originates in an alleged connection between Theymos and a Blockstream employee. Two of the Bitcoin community’s largest forums, including Reddit Bitcoin and Bitcointalk are operated by Theymos, who despite many criticisms, have maintained the success of both online communities. A few years ago, Theymos decided to develop innovative forum software to continue the surging growth of Bitcointalk and Reddit Bitcoin. The software is called Epochtalk, and it is still being actively developed by Theymos and his....
Core developer Greg Maxwell has deflated hopes of imminent SegWit activation, saying any redeployment “can’t happen” until the current one expires. Responding to an alleged agreement led by Barry Silbert at the Consensus conference to activate SegWit by September, Maxwell explained this was due to technical reasons of “simplicity and safety.” “So in 0.13.1+ almost all of SegWit is already active, including all the P2P components... the new network service flag, the witness-tx and block messages, compact blocks v2, etc. A redeployment of SegWit will need to redefine all these things,” he....
Over the past year or two, the main topic of conversation in the Bitcoin community has been how the system is going to eventually scale to millions or billions of users. Two concepts often brought up during these sorts of discussions are the Lightning Network and sidechains. Blockstream is in a unique position when it comes to these Bitcoin improvements, as it has the funds and incentives to work on both of these concepts simultaneously. In a recent interview with Bitcoin Magazine, Blockstream CTO Greg Maxwell shared his views on sidechains as a scalability solution and why the Lightning....
"The comments were spot on, but a little vague." While bitcoin has created an economic network without a central authority, the chief technology officer at one of its leading development firms, VC-backed Blockstream, believes the chair of the US central bank has been largely accurate in her attempts to explain blockchain. In a morning address at CoinDesk’s Construct 2017 today, Maxwell addressed statements by Janet Yellen, commending her for acknowledging bitcoin as part of the broader blockchain conversation, even as he admitted his distaste for the broad label. Overall, the....