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Author Topic: [2016-10-21] ViaBTC Rises: How A Mysterious Miner Could Decide Bitcoin's Future  (Read 13230 times)
hendra147
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October 21, 2016, 02:33:13 AM
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Bitcoin's "most professional mining pool" has become its most controversial.

Following months of debate over how to scale bitcoin's transaction capacity, the conversation has become newly contentious as progress on much-hyped solutions continue to face the kinds of delays that perhaps should be expected when working with novel technologies.

This lack of progress (real or perceived) has so far most affected bitcoin's business community, many of which are dependent on technical improvements in the network for additional growth. Indeed, while bitcoin's primary development group has its share of detractors, the majority of startups and servicer providers continue to support Bitcoin Core and its work.

But if one, relatively new bitcoin mining pool has its way, a much anticipated scaling solution could be dead on arrival.

In recent weeks, China's ViaBTC became one of the first providers of mining software to switch its client from the official version provided by Bitcoin Core to an option provided by Bitcoin Unlimited, a rival development group that supports alternative methods of scaling that is focused on creating a more variable bitcoin block size.

http://www.coindesk.com/viabtc-mystery-miner-bitcoin-scaling-future/

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October 21, 2016, 08:07:54 AM
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Why is there always a need for so-called progress?
I will never stop to say that Bitcoin works! The actual fact that it works is not a reason not to evolve but I really don't understand why one of the most innovative solutions after the Internet has to be treated like this on a daily basis. Really, I don't get it.
Again, Bitcoin works.

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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October 21, 2016, 03:52:16 PM
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Oh look, another Mike Hearn-esque temper tantrum in the form of a rogue mining faction.

Here's how this will end -- after failing to gain a majority share, they'll slink off into the murky darkness where they belong.

fortitudinem multis - catenum regit omnia
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