Coinbase’s Armstrong Urges Switch To Bitcoin Classic To Fix Scaling Disaster

Coinbase’s Armstrong Urges Switch To Bitcoin Classic To Fix Scaling Disaster

Brian Armstrong, co-founder and CEO of Coinbase, left the Satoshi Roundtable very concerned about bitcoin’s scaling challenge and is urging everyone to upgrade to Bitcoin Classic to buy time to address the scaling issue and prevent serious problems.

Brian Armstrong

Brian Armstrong

Writing on Medium, Armstrong summed up the scaling divide evident at the Satoshi Roundtable. On one side are the core developers concerned about how on-chain scaling will impact decentralization. On the other side are most bitcoin companies that want growth. The miners are split.

Conference organizers were hoping for a consensus, but it was clear by the end that the divide was too great.

Bitcoin Core Poses A Risk

The conversations first focused on compromises to delay what needs to be done about scalability. As the conversations progressed, Armstrong became less concerned about what short-term solution gets picked since a much bigger problem exists: the systemic risk to bitcoin if Bitcoin Core becomes the only team working on bitcoin.

Armstrong has the

Read more ... source: TheBitcoinNews

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