Bitcoin XT Big Block Fork Spurs Debate and Controversy

It is important to note these details are not officially confirmed by any of the Chinese mining pools right now. For those people who assumed the Bitcoin block size debate was settled once and for all, bust open the popcorn yet again. Chinese mining pools are colluding to hard fork and support 2MB blocks. In doing so, they would go against everything Bitcoin Core has been working on so far, and use Bitcoin Classic instead. The Bitcoin block size debacle has been a source of great controversy for nearly a year now. Many experts feel the Bitcoin block size needs to be increased, yet there....

Bitcoin Core contributor and Ciphrex CEO Eric Lombrozo was recently interviewed on Epicenter Bitcoin, and he used a portion of his time to explain some misconceptions and misunderstandings related to the block size limit debate. While the focus of this development controversy has mainly centered on the actual block size metric in the Bitcoin protocol, Lombrozo says this misses the main point of disagreement. In his view, a hard fork is what the Bitcoin Core development community would like to avoid over the short term. When explaining the full picture of the block size debate, Lombrozo....

There's no denying the Bitcoin block size will need to be increased, as even the Chinese mining pools are in agreement with that statement. Whether this will happen through a hard fork or soft fork, remains to be seen, though.The ongoing Bitcoin block size debate is causing a fair bit of controversy and concern within and outside of the Bitcoin community. Even though everybody wants to see an overwhelming consensus support for either Bitcoin Core or Bitcoin Classic, a lot of the “voting power” lies with the Chinese mining pools. Whereas a few people misinterpreted support for Bitcoin....

The Bitcoin block size debate has taken another interesting plot twist in the past few hours. F2Pool, one of the largest Chinese Bitcoin mining pools in the world, has announced they support the hard fork for an increased 2MB block size. While the post on BitcoinTalk is a weird translation from Chinese to English, it looks like F2Pool might be attempting to push people to accept the Bitcoin hard fork. Not a great move in the Bitcoin mining industry if this were to be the case. F2Pool Statement is Quite Worrying To Say The Last. Certain aspects of a statement can tend to get lost in....

Ethereum hard forks might serve as an important lesson for Bitcoin about how such a technical change to a distributed system unfolds. Ethereum’s first hard fork, for instance, resulted in a competing Ethereum chain. Wildly engaged in their own debates on forums and Reddit, Bitcoiners are currently deliberating changing key aspects of Bitcoin’s code. But the Ethereum hard fork might give them a peek into their own future. One’s position in the block size debate likely revolves around the value system each individual has developed around crypto-currency. The Bitcoin block size debate....