Bitcoin Community On Brink Of Insanity

Bitcoin Community On Brink Of Insanity

In a recent essay, Bittorrent founder Bram Cohen lays out his interpretation of recent Bitcoin projects such as Bitcoin Classic. He labels the project purely marketing and hints what they are creating is a form of an alternative digital currency, also known as an alt-coin.  

This, a controversial opinion in Bitcoin circles, has major implications about how the Bitcoin protocol evolves from here.  In his essay, Cohen writes:

Let’s say that you’re running a company and want to create some internal competition between teams to see which ones can perform better. You can do this with RD, and sales, but I would humbly suggest that you don’t do it with receivables. Sending out duplicate invoices to customers is generally referred to as ‘criminal behavior’.

But the CEO of Coinbase is seriously claiming, with no hint of sarcasm, that this is exactly what Bitcoin should do. Rather than claiming that a hard fork could be done cleanly and without a split, he’s instead doubling down and saying that the

Read more ... source: TheBitcoinNews


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