Published on August 20th, 2015 | by bitcoin0
Vice News: New software causes upheaval around bitcoin
Bitcoin developers Gavin Andresen and Mike Hearn launched a new version of the currency’s software, Bitcoin XT, over the weekend, informing the community that the new tool would be able to process more transactions per second than the old tool.
Instead, it is result of years of friction between the “anti-establishment” ethos that first created Bitcoin and the current need to monetize it.
Those who started with the anti-establishment, experimental idea of Bitcoin feel like the monetization is “selling out,” he said.
For at least some observers, the debate signals that the Bitcoin community is functioning well, trying to resolve problems in a democratic way and remain true to its principles.
Watch VICE News’ documentary about calling the SWAT Team on people who haven’t committed a crime, Swatting: