Coinbase CEO Armstrong Sets $5,000 Wager That Bitcoin Fork Works out Fine
Brian Armstrong, CEO and co-founder of Coinbase, claims bitcoin is upgrading rather than splitting on account of Bitcoin Classic, and he’s willing to bet anyone $5,000 that he’s right. Armstrong, writing on Medium, said hard forks are one of the most important bitcoin innovations and having multiple teams working on the bitcoin protocol is a positive thing. He said he is willing to bet $5,000 USD payable in any equivalent amount of fiat or crypto currency to the charity of the winner’s choice that bitcoin’s first hard fork will be an upgrade of a single currency, not a split, and all will....
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Coinbase CEO Brian Armstrong feels pretty confident about the outcome of a block size hard fork. In fact, he’s willing to bet $5,000 that “Bitcoin’s first hard fork works out just fine.” In a Medium post by the Coinbase founder, Armstrong declares that the code will not be a split and is merely upgrading. Brian Armstrong has been very vocal about the....
Brian Armstrong's recent tweet supporting Ethereum hard fork is being criticized by the cryptocurrency community. Brian Armstrong, on his twitter channel, wrote — “If Ethereum pulls off this hard fork, very positive signal for them as a team. Shows they can listen to community, execute in time of crisis,” referring to the recent decision by the Ethereum Foundation to execute a hard fork to retrieve $60 million worth of DAOs that were siphoned off by an unknown developer. Armstrong was able to manage that by taking advantage of a critical flaw in the Ethereum/DAO network. But for many, his....
CEO and co-founder of bitcoin wallet and exchange service Coinbase, Brian Armstrong, has deemed the recent proposal to scaling Bitcoin as merely “words” and not action while trumpeting Bitcoin Classic as a better solution for bitcoin’s scaling debate. Brian Armstrong, co-founder and CEO of Coinbase has, in a blog post titled “The Bitcoin Roundtable Consensus Proposal – Too Little, Too Late”, dismissed the recent proposal to scale bitcoin. The proposal to scale Bitcoin was achieved over the past weekend among a group of the major mining pools, wallet and exchange service providers &....
Brian Armstrong, Coinbase’s CEO, publicly said he does not support the statement of around 20 bitcoin exchanges which says that in the event of a hard fork they will list the Bitcoin Core chain as BTC regardless of the longest chain or, presumably, regardless of price and other factors. Armstrong said: “It doesn’t make sense to say BTC can only be modified by one development team. If there is overwhelming support from miners and users around any new version of the software (regardless of who wrote it), then I think that will be called Bitcoin (or BTC).” Another exchange, Yunbi, has come....
Brian Armstrong, the CEO of Coinbase, recently hosted a firechat with Reddit CEO Steve Huffman, to discuss the seriousness of the censorship in /r/Bitcoin, a subreddit moderated and curated by Bitcointalk administrator Theymos. The long-lasting feud between Armstrong and Theymos began on June 6, 2015, when Theymos threatened to ban Coinbase and any Coinbase related content from /r/Bitcoin, for promoting a project called Bitcoin XT, a hard fork designed to increase the Bitcoin block size. Theymos says: “If Coinbase promotes XT to customers on coinbase.com and/or switches all of its full....