Coinbase CEO: Core Developers May Be Bitcoin's ‘Biggest Systemic Risk'
Brian Armstrong, CEO of bitcoin exchange service Coinbase, said Friday that he believes the Bitcoin Core team, the development team that oversees work on bitcoin's software, may be the biggest systemic risk for the bitcoin network. The comments were issued as part of a new blog post published after Armstrong attended the Satoshi Roundtable, an invite-only bitcoin industry retreat held between 26th to 28th February. Armstrong opened with his take on the bitcoin network scaling debate, which he framed as an unresolved dispute between Core developers and "most bitcoin companies who want....
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Editor’s Note: This article has been modified to correct a misquote. This article originally quoted Brian Armstrong as saying that the Core team was a “Systematic” threat to Bitcoin, when he actually said Core was a “Systemic” threat. Coinbase CEO and co-founder Brian Armstrong recently published a Medium blog post titled, “What Happened At The Satoshi Roundtable.” In this post, Armstrong calls for an immediate block size increase to 2 MB, the creation of a new Bitcoin development team, and called the Core team a “systemic threat” to Bitcoin.
Coinbase is sponsoring at least two Bitcoin Core developers with a new grant program, the San Francisco-based exchange announced Thursday.
While these comments have not sparked any significant debate over the past five to six weeks, they are popping up once again now that GBAX will add support for Ethereum. The Coinbase exchange platform will be going through several changes over the coming months, as they will rebrand to GDAX and add two new cryptocurrencies. Ethereum support has already been confirmed, and it seems very likely Litecoin will be added as well. But what does this mean for Bitcoin? Is GDAX Pivoting Away From Bitcoin? That seems to be the primary question on everybody’s mind. Brian Armstrong, the GDAX CEO, has....
In the wake of the Bitfinex hack, which resulted in $65 million stolen, Coinbase decided to offer a window into how the company handles security, acknowledging that an inside job poses the biggest security risk. Coinbase: Inside Job is the Biggest Threat. The AMA took place in Bitcoin’s embattled original subreddit, r/Bitcoin, where the moderator Theymos....
The latest version of Bitcoin Core was released yesterday, with key changes that address the declining number of nodes, how transaction fees are set for the Bitcoin Core wallet and simplifying the process for developers to get involved with bitcoin projects. It's perhaps the latter point that will have the biggest impact on how developers work with Bitcoin Core. The latest version of it includes a consensus library, which gives programmers easy access to the rules governing consensus on the bitcoin network, without having to run a full node. "We're splitting it out into a standalone....