The Result of the “Satoshi Roundtable”

By March 10, 2016Bitcoin Business

The “Satoshi Roundtable”, a significant event in the field of Bitcoin recently ended in Florida . The main theme of the discussion were the large disagreements about how BitcoinCT r: 8 should scale. Many people had an expectation for concise and clarified intentions but left unfulfilled. Problems and Solutions

The roundtable participants attempted to tackle such problems as a lack of scientific engagement in problem-solving, a lack of engagement towards the community , and no recognition of what has been accomplished until now by the community. Experts called for optimization and better interaction but there is little place for compromise.

Gavin Andresen indicates the problem in his blog. He emphasize on the scaling matter and developer disagreements. He said: “Over the last year of trying, and failing, to reach a reasonable compromise, it has become clear to me that some developers don’t want any on-chain scaling solution any time soon. They believe more theoretically elegant (but technically complicated) off-chain solutions like the Lightning Network are a better long-term scaling solution, and they believe that by resisting a simple limit increase we will get to that long-term solution faster. They are wrong.” Bitcoin Will Survive A few days later Stephen Pair , Co-Founder & CEO of Bitpay added his thoughts on the matter: “The most important thing I learned at the event was that a lot of people care a lot about Bitcoin and these people are what make Bitcoin work, not lines of code or software . A few years ago I made the observation to someone that just about nothing short of the inability to verify a cryptographic signature could destroy Bitcoin. The major credit card networks used to have massive outages on a rather regular basis, and yet they are still with us. The Bitcoin network could […]

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