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Author Topic: [2015-05-19] MIT Tech Rev: Leaderless Bitcoin Struggles  (Read 517 times)
pitham1
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May 20, 2015, 12:18:31 AM
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Leaderless Bitcoin Struggles to Make Its Most Crucial Decision

http://www.technologyreview.com/news/537486/leaderless-bitcoin-struggles-to-make-its-most-crucial-decision/

In a test of Bitcoin’s ability to adapt to its own growing popularity, the Bitcoin community is facing a dilemma: how to change Bitcoin’s core software so that the growing volume of transactions doesn’t overwhelm the network. Some fear that the network, as it’s currently designed, could become overwhelmed as early as next year.

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May 20, 2015, 01:18:26 AM
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"Overwhelm the network" is a very poor interpretation of the issue.

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May 20, 2015, 02:58:49 AM
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They make it sound like buying btc is a difficult backroom deal (darkweb)... I'm sure they've heard of insured exchanges like Coinbase & Circle.

Overall they are getting much better at public speaking.
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May 20, 2015, 09:51:42 AM
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Bitcoin does not need a leader, just someone to maintain the code. If the change is good, people will adopt and implement it. It's not as complex as these people are making it.
The Core developers work with the code every day, and they calculate the figures and the impact on the blockchain, and we trust them to make the most sensible changes.
We cannot stay with the status quo, things must change as the blockchain grows in popularity and use. 

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May 20, 2015, 03:22:29 PM
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Bitcoin does not need a leader, just someone to maintain the code. If the change is good, people will adopt and implement it. It's not as complex as these people are making it.
The Core developers work with the code every day, and they calculate the figures and the impact on the blockchain, and we trust them to make the most sensible changes.
We cannot stay with the status quo, things must change as the blockchain grows in popularity and use. 

There doesn't have to be "the code", either.

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