Gavin Andresen: Recent Rise in Ethereum Should Be a Warning to Bitcoin

For at least half a year, Bitcoin Foundation Chief Scientist and former Bitcoin Core lead maintainer Gavin Andresen has espoused that the Bitcoin development process has become too slow. In a recent AMA (Ask Me Anything) on Chinese Bitcoin community website 8btc, Andresen claimed that potential Bitcoin users may look for alternatives, such as Ethereum, if scaling improvements, specifically an increase in the block size limit, are not implemented in Bitcoin soon.

People May Search for Alternatives to Bitcoin

During the recent AMA, Gavin Andresen was asked whether it is normal for “more complex” solutions, such as Segregated Witness and the Lightning Network, to be prioritized over a “simple” increase in the block size limit. Andresen responded by saying these sorts of improvements may take longer to implement than an increase in the block size limit. He added:

“The risk is that people will not be patient and will switch to something else; the recent rapid rise in developer interest and price of Ethereum should be a warning.”

Lately, Andresen has been a vocal supporter of Bitcoin Classic, which would

Read more ... source: TheBitcoinNews

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