On Friday and Saturday, a group of key players in Bitcoin met in Hong Kong and came to an agreement over some questions that have divided the community for more than a year and caused it to split into factions.
The accord represented a first step in breaking through the impasse, and afterward, the currency, which had been rising over the previous week when the event details had been finalized, reached a value of around $430, a level last seen in mid-January.
It was then hostility over the debate reached critical levels when one of the most prominent developers declared Bitcoin a failure and announced he was quitting it altogether in a widely publicized blog post that coincided with a New York Times article. The currency immediately shed 15% of its value, demonstrating one of the persistent threats to the currency – the issue of governance. The fact that Bitcoin is not controlled by any one entity but by a sprawling group of developers and other economic actors means that it is not always obvious how problems will be resolved or who is responsible for resolving them.
http://www.forbes.com/sites/laurashin/2016/02/21/60-bitcoin-agreement-promises-to-break-impasse-leads-to-jump-in-value/
