Bitcoin Consensus, Core vs Classic Debate & Bitcoin Price: An Interview with BTCC COO Samson Mow
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....
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BTCC COO Samson Mow: Without Consensus on Block-size Limit, Stakeholders Might Implement an Increase
BTCC Chief Operating Officer Samson Mow indicated that the leading Chinese mining pool and exchange supports an incremental increase of Bitcoin's block-size limit to 8 megabytes in order to buy time for alternative solutions to be developed. Moreover, Mow believes the Bitcoin industry might opt to raise Bitcoin's block-size limit even if no consensus is found among the Bitcoin Core development community. "If there is no consensus soon, I could see a situation where stakeholders make a decision to implement a small increase," Mow said. "Without bigger blocks, a fee market will develop,....
Bitcoin Core developers and leading mining firms have come to a consensus on the block size debate. On February 21, 2016, representatives of the Bitcoin industry and Bitcoin Core developers have finally come to a consensus to settle the never-ending block size debate. The meeting was participated by Bitcoin Core developers and representatives of leading bitcoin mining firms and exchanges including Antpool, BitFury, Bitmain, Bit-X, Blockcloud, BTCC, BW, Coinfloor F2Pool, Genesis Mining, HaoBTC, Huobi, Ledger, OKCoin and Spoodoolies-Tech. All representatives of the abovementioned companies....
In a recent interview with Let’s Talk Bitcoin, Bitcoin Foundation Chief Scientist Gavin Andresen explained his issues with Bitcoin Core and why he has decided to help the Bitcoin Classic project. Bitcoin Classic is an implementation of an alternative Bitcoin protocol that would cause a hard fork with a 75 percent activation threshold in order to increase the block size limit from 1 megabyte to 2 megabytes. During the interview, Andresen said Bitcoin Core developers are not listening to miners and the entities that are creating many of the transactions on the Bitcoin network. He also....
One thing is for sure: no one will be surprised if another branch of development pops up. It is only a matter of time until a new bitcoin fork is proposed. After Bitcoin XT and Bitcoin Classic failed, Bitcoin Unlimited is the current concept to disrupt Bitcoin Core development. Samson Mow jokingly hinted at what could be the next fork of development. BitcoinEC would keep the best of Bitcoin Core and add Emergent Consensus “nonsense”. An intriguing thought, even if it is just a joke. Discussions like these always lead to a rather intriguing conversation between bitcoin enthusiasts.If....
Bitcoin Core contributor Peter Todd was recently interviewed on episode 34 of The Bitcoin Game, and the longtime Bitcoin developer and researcher was able to explain some of the key disagreements between how the Bitcoin Classic and Bitcoin Core teams view the peer-to-peer digital cash system. While many view the Classic vs. Core controversy as nothing more than a technical debate, the reality is both camps seem to have rather different fundamental plans for the future of Bitcoin. During his recent interview, Todd noted: “I think you’ve got a group of developers with a very different view....