“Bitcoin Fork is a coup” Adam Back – Bitcoints


Published on August 19th, 2015 | by bitcoin


“Bitcoin Fork is a coup” Adam Back

“Bitcoin Fork is a coup” Adam BackThe difference is, this time it’s intentional: The fork is being used as a referendum on a controversial amendment to the Bitcoin protocol.
The blockchain, which records every Bitcoin transaction and which grows incrementally, is limited in how much data it can hold.
Most people agree that as Bitcoin grows and more people want to use it the block size limit will become a problem.
Morgen Peck: BitcoinXT is the first proposal for an intentional fork of the Bitcoin blockchain.
Back: Gavin naively thinks he’ll do the coup, force the issue, and then invite people to participate in the coup.

Source: Spectrum.ieee.org

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