The Battle For Bitcoin: The Network’s First Major Civil War

The Battle For Bitcoin: The Network’s First Major Civil War

Samson Mow recounts the Blocksize War between Big and Small Blockers and takes stock of the companies on the losing side of Bitcoin’s first civil war.This is an opinion editorial by Samson Mow, CEO of JAN3 and former CSO of Blockstream.The first major “civil war” in Bitcoin, which would decide the fate of the protocol, took place mainly between 2015 and 2017 and is referred to as the “Blocksize War” or sometimes the “Scaling Debate.” As Bitcoin became more popular and the blocks filled up, transactions became slower and more expensive. From divergent visions of Bitcoin, two camps emerged:....


Related News

DEA Seizes Innocent College Student's Money in Policing for Money

In February 2014, the DEA seized $11,000 from Charles Clarke, a college student, who was never convicted of any crime. The DEA seized Clarke's money using a process known as civil forfeiture, and he still hasn't gotten any of the money back. While noticeably egregious, The Institute For Justice demonstrates that Clarke's case doesn't scratch the surface of what's being called "policing for profit". Civil Forfeiture. Civil forfeiture is a procedure that allows law enforcement agencies in the United States to seize property without convicting a person of a crime. The government doesn't even....

The Digital U.S. Dollar Is A Threat To Civil Liberties

The U.S. CBDC could be a route to civil liberty erosion — the same liberties that Bitcoin inherently protects.

Spanish Civil Guard Busts Organization Dedicated to Laundering Money With Crypto

The Spanish Civil Guard has broken up a group that used cryptocurrencies as a tool to launder money. The organization, that operated in Madrid, supposedly lent these services to other criminal organizations. The MAUNA operations, as they were called by the Spanish Civil Guard, discovered phantom companies in several countries like Spain, Belgium, Sweden, Germany, and Lithuania that supported these actions. Spanish Civil Guard Shuts Down Crypto Money Laundering Activity in Operation MAUNA The Spanish Civil guard announced on February 15 the detention of several people linked to an....

Bitcoin Gets Backing From US Pres’l Candidate, Says Crypto Supports Civil Rights

US presidential candidate Robert F. Kennedy Jr. has emerged as a fervent advocate for Bitcoin, elevating the cryptocurrency into the realm of civil liberties. Characterizing himself as a “lifelong defender of civil liberties,” Kennedy passionately endorsed the crypto as a manifestation of the very freedoms he holds dear.  With the impending presidential election looming, Kennedy […]

BREAKING: Ripple Concludes SEC Battle With $125M Penalty, XRP Price Skyrockets

In a long-awaited conclusion to their high-profile legal clash, Ripple Labs and the US Securities and Exchange Commission (SEC) have reached a settlement that will see the blockchain company pay $125 million in civil penalties. Related Reading: Bitcoin Eyes New Records: Staying Above $45,000 Might Be The Catalyst — CEO Ripple-SEC Legal Saga Ends  According […]