Bitcoin’s blocksize debate is about the technical contradiction between the speed of transactions and the network’s centralization. One of the parties, which we may conventionally dub “entrepreneurs”, is interested in the network’s scaling, while the other party, the so called “idealists”, is resisting further centralization. Each of these parties has.
These days, blockchain ceased being a mere computer technology with limited scope of applications, but a sort of a philosophic concept applicable anywhere in human society. In particular, it may be successfully implemented in state building and reformation of both governance systems and the society in general.
A short while ago, ForkLog conducted an own investigation of affairs around Ethereum Classic, mostly inspired by customer claims against exchanges. This time, we publish a translation of a private opinion of crypto-traders and bitcoin enthusiast Kir Kelevra as to Ethereum Classic and other processes that have shaken the industry over.
Abrupt plunging of bitcoin price in the wake of a ruthless attack by an equally ruthless hacker who had stolen nearly 120,000 BTC from Bitfinex has surprisingly benefited the cryptocurrency in a way.
As probably everyone knows now, Coinbase intends to quadruple its fees effective as of August 5 this year. Having failed to provide any explanation for such abrupt upsurge of charges, the exchange now faces yet another string of critical statements from across the community.
This article was written by philosophist and member of Russia’s Futurology Association Alexander Boldachev exclusively for ForkLog.
One of the problems inherent in modern-day social and financial system is the degree of their transparency. The very wording seems inappropriate, as you would hardly ever see something this opaque unless you look under someone’s eyelids on the morning of January 1st.
Bitcoin is one of the most ambiguous currencies in the world. Certainly, there is Zimbabwe Dollar, a currency used in toilet paper’s stead, as actual toilet paper is worth more than itself, and, when used, it has way more backing. Zimbabwe Dollar’s reputation is a fine example of what may.