Episode 708: Bitcoin Divided

China has become the center of the Bitcoin world.i

China has become the center of the Bitcoin world.

Bitcoin was supposed to be the currency of the future: secure, fast, independent of any government. But if there’s one feature a currency needs, it’s to let you pay for things. And, recently, that’s been a problem for Bitcoin.

The idea was always that when technical problems arose, the bitcoin community would come together to solve things. But that hasn’t happened. In fact, behind the scenes, a kind of civil war has broken out.

For more, read Nathaniel Popper’s companion piece in the New York Times. You can also read his book, Digital Gold.

Music: “Get It Right” and “Blue Eyes.” Find us: Twitter / Facebook

Read more ... source: TheBitcoinNews