Author

Topic: Bitcoin XT May End Up Splitting the Cryptocurrency Community (Read 445 times)

legendary
Activity: 924
Merit: 1000
IMHO Jeff Garzik's BIP100 proposal is a better way to increase the blocksize:

http://gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf
sr. member
Activity: 490
Merit: 250
The bitcoin vs bitcoin XT is already deciding the bitcoin community. It doesn't matte if the introduce bitcoin XT or not, people will use one for the same reason people use bitcoin over other alt coins. The most popular and known one will be used.
hero member
Activity: 616
Merit: 500
Quote
Critics of Bitcoin XT say that the developers should just use a different name like other cryptocurrency systems, instead of trying to replace “Bitcoin.”

Even though the Bitcoin Foundation has played vital role in developing and popularizing the cryptocurrency, introducing a new blockchain may end up dividing the community. Furthermore, there is no “official” organization of this totally decentralized system and no one has the authority to “upgrade” the existing Bitcoin blockchain, critics say.

Check this interesting article at: http://paymentweek.com/2015-8-25-bitcoin-xt-may-end-up-splitting-the-cryptocurrency-community-8146/
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