All articles tagged as:

Bitcoin scaling

A call for changes to PoW in Bitcoin

Let's start from the beginning... "6. Incentive By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended. The incentive can also be funded with…

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I don't support Bitcoin scaling.

You didn't misread the title. I don't support SegWit, I don't support bigger blocks. I think it is time to stop Bitcoin development. The scaling debate hasn't shown strength, it hasn't provided a 'trial by fire' childbirth of something greater. When Bitcoin is through whatever happens after August 1st, it will be weaker, it will be less valuable than it could have been. It will bounce back, but I don't think the community or the currency could handle another fight. We're divided as a community. It is time to let Bitcoin be. Bitcoin is not going to be used for coffee. Even if it is, at this jun…

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