• We’ve seen the Bitcoin scaling debate rise in fervor, come to a head, and die down without a substantial resolution. Many of its by-products are much maligned by the community, but despite the balkanization and unproductive argument that has become integral to bitcoin on social media, Bitcoin continues to be more or less an attractive option in the blockchain ecosystem. No amount of squabbling and negative press coverage will change that for the core user

    C-Bit Altcoin Highlights Everything Wrong With the Bitcoin Community

    | 2016/04/02 6:00 am
  • C-bit is an “exact clone” of Bitcoin Core .12 with one small modification aimed at ending the block size debate. This Core clone has a 2MB block size built into the source code. Developers say that this native 2MB block size “negates the need for a Bitcoin Core Hard Fork.” Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible

    C-bit: Bitcoin Core .12 ‘Clone’ Aims to End Block Size Debate

    | 2016/03/17 1:00 pm
  • The BitHope Foundation is the first Bulgarian non-governmental organization (NGO) that uses cryptocurrency exclusively. This foundation is reportedly the first crypto-exclusive NGO in compliance with Article 33 of the Law on Nonprofit Legal Entities. BitHope believes that cryptocurrencies are the best form of money “that has been created by the human intellect,” which is why it wants to use digital currency to help people. Also read: John McAfee: ‘There are Tremendous Technology Problems With Bitcoin’

    BitHope Speaks: Scalability and the Future of NGOs

    | 2016/03/08 6:00 am
  • The block size battle dominated yet another week in the Bitcoin media circuits. The drama started early in the week when confirmation times crept upwards as lots of small transactions unexpectedly filled up Bitcoin’s small blocks. This frustration quickly erupted into outright flaming, as Bitcoin giants fired shots at the Core development community. Also read: New EAST Report Shows ATM Skimming is Evolving Block Size Drama Reaches a Fever Pitch as Bitcoin Giants Get Involved Frustrations

    Bitcoin Giants Swing at Core Devs Amid Controversy

    | 2016/03/07 1:27 pm
  • There’s never been a whirlwind of politics surrounding an open source project on the scale that we see with Bitcoin. Alternative implementations are considered controversial on principle, and Core devs can’t propose a bug fix without being accused of manipulation on behalf of outside interests. However, BSD, another popular open source project, doesn’t seem to have these problems. Why not?  Also read: Ethereum Node Growth Explodes on “Homestead” Release At the same time, though, we’ve

    Bitcoin Devs Could Learn a Lot from BSD

    | 2016/03/06 6:00 am
  • Editor’s Note: This article has been modified to correct a misquote. This article originally quoted Brian Armstrong as saying that the Core team was a “Systematic” threat to Bitcoin, when he actually said Core was a “Systemic” threat. Coinbase CEO and co-founder Brian Armstrong recently published a Medium blog post titled, “What Happened At The Satoshi Roundtable.” In this post, Armstrong calls for an immediate block size increase to 2 MB, the creation of a new Bitcoin

    Coinbase CEO: Core Team is a “Systemic Threat”

    | 2016/03/04 6:03 pm
  • On February 29, BitGo engineer Jameson Lopp tweeted a screenshot of the /r/bitcoin front page, capturing ironic frustration coming from redditors posting on a board controlled by Theymos, notorious for censoring any anti-Core discussions about the Bitcoin block size. Also read: Bitcoin Classic Drama Hits New High, Debate Continues The top post on the screenshot was titled, “Is there a stress test going on right now?”, the user wondering if testing could be the cause

    Block Size Blues: Confirmation Times Rising as 1 MB Limit Looms

    | 2016/03/01 6:00 am
  • Bitcoin Classic has been a point of controversy since its announcement. Taking on Bitcoin Core head-to-head, Classic proposes an immediate block size increase to 2 MB, with provisions for future increases. The block size debate has always been contentious, apt to erupt into name-calling and mudslinging. But now, with Core facing serious competition from Classic, this scalability issue may soon be forced to come to a head. Also read: Bitcoinist Weekly News Re-Hash: Bitcoin Classic

    Bitcoin Classic Drama Hits New Highs, Debate Continues

    | 2016/02/29 12:15 pm
  • This past week saw a lot of hot news stories coming from the Bitcoin community and the organizations powering the growth of the ecosystem. Bitcoin Classic appeared in the news a few times throughout the week, reminding us that the block size debate is far from over. In terms of price, not much happened at the macro level. Hardly any change took place between the open and close of the week, with the price falling less

    Bitcoinist Weekly News Re-Hash: Bitcoin Classic Gaining Steam

    | 2016/02/29 6:00 am
  • The Vanbex Report is a periodic summary of the blockchain industry’s top news stories from the biggest companies, as well as the most promising newcomers. The ‘one currency to rule them all’ debate has existed ever since the first set of altcoins — Bitcoin alternatives — started appearing in the digital currency ecosystem. Also Read: IBM Joins with Linux Foundation’s HyperLedger Project to Advance Open-Source Blockchain Tech The typical argument ranges between the necessity, or

     The Vanbex Report: Digital Revolution, Will Bitcoin Survive?

    | 2016/02/24 4:00 pm
  • February 20, 2016 – Coinbase CEO Brian Armstrong reacts, along with various bitcoin developers, as well as the Co-Founder of Blockstream to the 18-hour long “Consensus Roundtable” that disbanded today in Hong Kong. The roundtable members represented a majority of bitcoin mining hashpower, with members representing the bitcoin development and exchange community noticeably under-represented. The response from these communities has been overwhelmingly negative to the resolutions outlined in the closed-door meeting. Also Read: IBM Positions

    Core Devs and Classic Adopters Alike Disagree With Roundtable Resolutions

    | 2016/02/20 11:17 pm
  • Bitcoin exchanges in Europe are soon to be regulated under the scope of Europe’s Anti-Money Laundering Directive. The European Commission issued a statement late Tuesday night detailing new efforts to control financial flows and money transfers, which it described as aimed at subverting terrorist financing. Among these mechanisms are bitcoin and other virtual currencies. The Commission “proposes to bring virtual currency exchange platforms under the scope of the Anti-Money Laundering Directive, so that these platforms

    European Commission to Bring Bitcoin Exchanges Under AML Directive to Curb Terrorist Financing

    | 2016/02/03 2:10 am
  • January 30, 2016 – Gavin Andresen, former head Bitcoin Core maintainer, posted a short treatise on the issue of consensus infighting among the Bitcoin implementations on the Svbtle writing network. The squabbling between the different dev teams has caused a deal of speculation and nervousness about the future of Bitcoin, but Andresen sees the issue a bit differently. Also Read: Bitcoin Network Reaches 1 EH/s For First Time Andresen: The Worst Case Isn’t That Bad

    Bitcoin In-Fighting Doesn’t Matter: Gavin Andresen Weighs in

    | 2016/01/30 4:24 am
  • Michael Toomim, a main proponent of Bitcoin Classic, and brother of main developer, recently made enlightening comments in a Slack developer channel dedicated to Bitcoin Core. Also Read: KnC Miner Endorses Bitcoin Classic Toomim has been associated closely with the newest Bitcoin client purporting to be the solution Bitcoin needs in order to scale amid its block size debate. The comments were verified as vintage Toomim numerous times by people in the chat at the time and by

    Bitcoin Classic’s Magical Mystery Tour

    | 2016/01/20 8:00 am
  • Unlike what people might believe right now, Bitcoin has not failed by any means. Even though Mike Hearn outlined the sentence how “Bitcoin has failed” in his opinion, the ecosystem is trucking along nicely and carries on with or without him. Mainstream media outlets are rubbing their hands to spread more negativity about Bitcoin to mainstream consumers. Political games are slowly entering the Bitcoin world, and this will not be the last attack made against

    The War on Bitcoin Has Only Just Begun With Mike Hearn Leaving

    | 2016/01/19 3:28 am
  • What started out as a relatively quiet week ended in tragedy, as news of Mike Hearn abandoning Bitcoin sent the community into an uproar. Following this announcement from Hearn, the price fell below $400, and even found itself in the $350s for a brief time. Overall, the price declined by 15.54% this week, and most of those losses occurred during the shock caused by Hearn. Also read: Carl Force’s Lawyer is Pessimistic About Ulbricht’s Appeal 

    Bitcoinist Weekly News Re-Hash: Mike Hearn has Fled the Building

    | 2016/01/18 8:00 am
  • At least one major Bitcoin mining firm has endorsed, and plans to adopt, Bitcoin Classic. Also read: Registration for D.C. Blockchain Summit Now Open KnCMiner gets on Board with Bitcoin Classic 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

    KnCMiner Endorses Bitcoin Classic

    | 2016/01/17 8:00 am
  • Bitcoin Core, an “open source software project that is a direct descendant of the original Bitcoin implementation”, released a statement late last week on its website. The main focus was how Bitcoin consensus rules were changed, which is typically through soft forks and hard forks. Also read: The Bitcoin Foundation Unveils 2016 Plan, Might Shut Down Instead  Hard forks and soft forks do virtually the same thing, so Bitcoin Core argues that soft forks are to

    Bitcoin Core Releases Statement on Hard vs Soft Forks

    | 2016/01/11 8:00 am
  • The Bitcoin Foundation has recently divulged its goals for 2016 amid controversy surrounding the organization. Also read: A Timeline of the Cryptsy Disappearance Mystery Is the Bitcoin Foundation Coming to an End? Many of bitcoins earliest spokespeople have separated themselves from the group. “It’s gonna cost money [to rehabilitate its image] and its lost so much credibility within the industry,”Trace Mayer said in a recent interview. “The problem is outside the industry people still kind

    The Bitcoin Foundation Unveils 2016 Plan, Might Shut Down Instead

    | 2016/01/10 8:00 am
  • Bitcoin Core is at the center of Bitcoin; changes made here have the biggest effects on the network. Scalability has always been an issue of hot debate in Bitcoin, and it has only gotten bigger as time has elapsed. Entire threads are filled with thoughts and suggestions on how Bitcoin should be adapted for long-term use as Bitcoin inevitably will have to support more users. To bring all of the efforts of various members in one

    Bitcoin Core Statement: “Capacity Increases for the Bitcoin System”

    | 2016/01/01 12:00 pm
  • Presidential candidate John McAfee, who has had a controversial past, made comments regarding Bitcoin, and some of its possible shortcomings, in a recent interview with an irreverent libertarian podcast called Revolution Report Live. Also read: Solving The Bitcoin Block Size Debate With A Two-Pronged Proposal In the interview, McAfee posited Bitcoin as a corollary with other emerging technologies of the past. Many of the first companies which are borne into a new genre of invention are not necessarily

    John McAfee Doesn’t Think Bitcoin Is The Digital Currency Of The Future

    | 2015/12/31 8:00 am
  • According to CEO Brian Armstrong, Coinbase is now running the new version of Bitcoin software, Bitcoin-XT, a move which has divided the Bitcoin community in the past few days. The company is merely experimenting with the software, it stresses; however, this has inspired much contentiousness on online Bitcoin forums, including being removed from Bitcoin.org.  Also read: Samsung Pay Bringing More Competition to Bitcoin by Enabling Online Shopping in 2016 Coinbase is now running BitcoinXT (BIP101)

    Coinbase Tests Bitcoin XT, Gets Removed From Bitcoin.org

    | 2015/12/29 4:00 pm
  • It looks like the Bitcoin Foundation might finally be dead. At least, that’s according to Olivier Janssens, one of the more recent additions to the Foundation’s board of directors. Also read: ‘So Wait — Is Ripple Centralized After All?’ Janssens took to Reddit on December 15, 2015, informing the community that he had been “forcibly removed from the Bitcoin Foundation board.” The former board member claimed that his tenure at the Foundation ended at the latest

    The Bitcoin Foundation is Dead, and That’s Probably a Good Thing

    | 2015/12/16 8:00 am