Private Retreat to Unite Bitcoin Execs for Scaling Debate
The invitation-only Satoshi Roundtable conference is set to convene for the second year in a row, this time at an undisclosed location in North America. To be held from 26th to 28th February, the event follows the inaugural edition of Satoshi Roundtable, which garnered criticism at the time of announcement for an alleged lack of transparency and air of secrecy. Though it eventually opened its doors to limited media presence, this year's event, by contrast, will be closed to the public. Among the 60 attendees will be representatives from the mining and development sectors of the bitcoin....
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Divisions in the ongoing block size debate grew more pronounced this week following a private conference and a spike in network activity that saw users waiting longer and paying more to have transactions confirmed. The ongoing debate over how the bitcoin blockchain should be scaled to accommodate new users was reportedly a point of focus as the recent Satoshi Roundtable, an invite-only retreat that united developers and business leaders. However, signs suggest that attendees emerged from the event with a more negative view of the state of discourse. But even as tensions linger, development....
A conference series started as a bid to better unite and focus the bitcoin development community in the wake of serious technical debates will see a third installment in 2016. Following two meetings in Montreal and Hong Kong last year, Scaling Bitcoin will host its next event in Milan, Italy, from 8th to 9th October, organizers announced over the weekend. Called "Scaling Bitcoin 2016: Retarget", the name is a nod to a part of the bitcoin mining process whereby miners adjust to new difficulties. The name is apt as the announcement comes in the wake of the bitcoin halving, a....
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....
Bitcoin's scaling debate is clearly one of its defining moments. It has pitted the user bases sharply against one another whether through endless Reddit debates, digital media or even at the "top" tier of the development teams. It also raised significant issues around centralization and bitcoin’s somewhat awkward relationship with the mostly China-based mining industry. In this post, I will attempt to document different parts of the debate as it played out from different perspectives. I do not consider myself beholden to any specific strand and have attempted to be as neutral as....
Following a months-long debate on how best to scale the bitcoin network to accommodate a greater number of transactions, bitcoin mining firms are voicing their support for a newly introduced proposal called Bitcoin Classic. Though a new entrant to the debate, Bitcoin Classic so far has the support of bitcoin developers including former Bitcoin Core maintainer Gavin Andresen, Bloq CEO Jeff Garzik and Ledger Journal editor Peter Rizun, among others. If adopted, Bitcoin Classic would increase the size of blocks on the bitcoin blockchain to 2MB, up from 1MB today. The proposal has created....