Bitcoin's Nightmare Scenario Has Come to Pass (x_post from /r/technology)

http://recode.net/2016/03/02/bitcoins-nightmare-scenario-has-come-to-pass/

Here's a better article https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.4154j2jj4


Comments


[11 Points] AndThenHeSays4:

Hear this every 3 months


[6 Points] FrozenMCVegetableCok:

And neither story mention the two biggest pools are solving blocks so much faster than the other pools, they can solve a block and delay the broadcast of such forcing the other pools to keep mining already solved blocks while the two biggest ones have already started crunching new blocks giving them an unfair advantage and an effective way of causing massive backlogs on their own by causing massive amounts of crunching power in other pools to be wasted on already solved blocks.


[2 Points] deepdot:

People trying so hard to not pay 0.002 cents of fees instead of 0.001 or whatever they are now?


[1 Points] travelghost:

These are terrible articles, nothing but FUD.


[1 Points] None:

Counterpoint:

https://www.reddit.com/r/technology/comments/48s9bb/scaling_bitcoin_and_blocksize_debate_fact_vs/