Brace Yourself For The Bitcoin Hard Fork

Rob Blasetti, Decentralize Today, Mar 23, 2017
Commentary by Stephen Downes

There's a lot of history behind this one, but essentially the split is between the original developers, who want to keep the size of a block limited, and Bitcoin miners (ie., the people who actually encrypt the blocks), who want the size of the block to grow. This can happen in distributed systems. It's not necessarily a bug; think of it as being like mitosis, where a simple network begins to develop into a complex network. But the short term message is risk. Lots of it, because this sort of thing hasn't happened a lot yet (though it has happened to Ethereum).

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