Via Nadav Ivgi founder at @bitrated
Great article, also follow @beautyon_ who has done excellent commentary on this topic.
- “Political compromises have no place in bitcoin protocol development. I have my full faith in the consensus-driven scientific process that’s based on open communications, technical merit and peer review. A top-down imposed agreement based on closed-doors lobbying that overrides the technical community consensus process and the established FOSS practices would severely undermine the value proposition of bitcoin and its long-term viability”
- Allowing political compromises to shape bitcoin protocol development sets a dangerous precedent, constitutes a moral hazard and erodes the established FOSS practices and consensus-driven decision making.
Read more here..
I Join World Crypto Network news show #38 to talk all things Bitcoin.
Video talking points timestamped below along with my talk times:
0:10 – Introductions
2:05 – AsicBoost Controversy, is it happening? If so how can it be stopped? (RI @ 4:48)
24:10 – Litecoin has recently seen 2 year highs on the news that segwit may get activated. Do we think it will get activated and what effect will this have on bitcoin? (RI @ 31:15)
36:05 – Bitcoin $500,000 – Snapchat’s First Investor Jeremy Liew said in an interview with Business Insider that Bitcoin price can realistically reach $500,000 by 2030. Is this price possible and how will we eventually get to this price if it is indeed possible? (RI @ 40:57)
55:45 – First time Bitcoin investment tips from Renegade Investor
59:00 – Riccardo Spagni @fluffyponyza Answering questions on Monero
Via madbitcoins.com with @jimmyspong & @tone
My appearance on the Adam Meister (AKA The Bitcoin Meister) YouTube channel. Thanks to Adam for inviting me on below is a list of all the talking points and time stamps.
- Are we in status quo with regards to Scaling & Segregated Witness adoption 1:00
- Should there be compromise between Bitcoin Core & Bitcoin Unlimited? 7:40
- Will a Hard fork be devastating for Bitcoin? 17:40
- Bitcoin Store of Value or Medium of Exchange? 28:45
- To what extent could the Chinse state or other states be influencing Bitcoin behind the scenes 38:47
- Do Alt-coins already solve the need to buy a ‘coffee’ transaction issue 47:30
- Final thoughts 50:30
By Amy Castor @ coindesk.com
- “At its most basic, a fork is what happens when a blockchain diverges into two potential paths forward — either with regard to a network’s transaction history or a new rule in deciding what makes a transaction valid”
- Hard Fork: A hard fork is a software upgrade that introduces a new rule to the network that isn’t compatible with the older software. You can think of a hard fork as an expansion of the rules. (A new rule that allows block size to be 2MB instead of 1MB would require a hard fork).
- Soft Fork: A soft fork, by contrast, is any change that’s backward compatible. Say, instead of 1MB blocks, a new rule might only allow 500K blocks.
Read more here…
Adam Meister talks about the dangers of a Bitcoin hard fork and why it should be avoided at all costs.