KnCMiner, based in Stockholm, Sweden, specializes in Bitcoin ASIC miners. In a note to personal confidants, which he allowed to be shared to social forums, KnCMiner CEO Sam Cooke discussed his thoughts on the so-called “constitutional crisis” now facing Bitcoin in regards to its block size.
Bitcoin has become wildly popular in a short amount of time, and many bitcoiners suggest the protocol must be changed so that more transactions can be accommodated. The CEO of KnCMiner has spoken out regarding his opinion on the issue.
“We are clearly facing a crises like we have never faced before in the bitcoin echo-system (sic),” the miner wrote. “It appears to be completely caused by humans this time. It should be seen as a success issue, even if it’s not a nice problem to have.” The CEO agrees that, while Bitcoin remains small, there are great growing pains the incipient digital currency has experienced, in particularly in 2015. He also expresses a common belief that, in order to succeed, Bitcoin must grow.
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