Cypherpunks Controversial Vision for Bitcoin Scalability
With the increasing adoption of Bitcoin, cypherpunks have once again risen to prominence. As Gregory Maxwell and Peter Todd, self-proclaimed cypherpunks, and Adam Back, the inventor of Hashcash, pave a path for BitcoinCT r: 8, their vision highlights a cautious approach in an attempt to not repeat the mistakes of the 90s. Are they right or are they about to repeat the precise mistakes they wish to avoid? Gregory Maxwell, one of the five core Bitcoin developers until recently, revealed in a post two months ago that he and Todd had a long history with Bitcoin. Maxwell says: “In 2001 Peter....
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In an age when the need for digital privacy is more apparent than ever, the legacy of the cypherpunks, Bitcoin’s root collective, lives on. The post Crypto Art Of Resistance: Remember, Remember The Legacy Of The Cypherpunks appeared first on Bitcoin Magazine.
Zooko Wilcox-O’Hearn found the cypherpunks mailing list when he was 19. Since then, he has been lucky enough to work on cypherpunk-oriented technologies for most of his adult life. Currently, Zooko is the CEO of Zcash, which is a truly anonymous alternative to Bitcoin. Zooko was recently interviewed on Epicenter Bitcoin, and he shared some of his thoughts related to the recent revival of the cypherpunk movement. In his view, Bitcoin has given this technological revolution new life. Who Are the Cypherpunks? The definition of a cypherpunk tends to vary based on whom you ask, but the....
Zooko Wilcox-O’Hearn found the cypherpunks mailing list when he was 19. Since then, he has been lucky enough to work on cypherpunk-oriented technologies for most of his adult life. Currently, Zooko is the CEO of Zcash, which is a truly anonymous alternative to Bitcoin. Zooko was recently interviewed on Epicenter Bitcoin, and he shared some of his thoughts related to the recent revival of the cypherpunk movement. In his view, Bitcoin has given this technological revolution new life. Who Are the Cypherpunks? The definition of a cypherpunk tends to vary based on whom you ask, but the....
For almost two years, there appears to be little discussion in bitcoin’s two main public forums other than scalability, an ancient topic, in bitcoin terms, that has consumed our community at the expense of all else. There have been many metaphorical casualties, including high principles, such as the right to an open and free public debate in what used to be bitcoin’s main public space, but can bitcoin ever return to a united community? Should it split in two with the market holding a referendum? Can there be a grand compromise or will the question of scalability forever become part of....
Two of bitcoin's best-known developers have 'forked' the software in a controversial attempt to resolve its scalability crisis. The client, Bitcoin XT, was dreamt up earlier this year as a way to 'opt out' of bitcoin's current 1MB block size limit - which has proved a divisive issue as the digital currency grows. Currently, the network handles between three and seven transactions per second. However, blocks on the network are beginning to fill up. Reaching bitcoin's so-called 'capacity cliff' - depending on who you ask - could create a competitive market for transaction fees or destroy the....