Bitcoin Core contributor Peter Todd recently discussed a variety of topics on The Crypto Show . Todd was asked if he is still worried about the possibly negative implications of a controversial hard fork induced by Bitcoin Classic or any other alternative Bitcoin client. said he is still worried about a hard fork due to some larger block size limit supporters who seem willing to “fork Bitcoin at all costs.”
Some Big Blockers Will Not Back Down
When Todd was first asked how he felt about his hard fork worries, he brought up the fact that some parts of the Bitcoin community seem ready to fork the blockchain no matter what. He stated: “I would say I’m still very worried because I think we still have a contingent of people in this community whose views are: Let’s fork Bitcoin at all costs, we desperately need this block size increase, and we’re going to need a couple more immediately.” Todd said this is the general view that he feels Coinbase CEO Brian Armstrong and Blockchain CEO Peter Smith have expressed to him in his conversations.
“I don’t think these people are going to necessarily back down lightly,” Todd said.
Why a Hard Fork Could End Badly
With the current climate around the debate and the intention of some people to hard fork Bitcoin without near-universal consensus, Todd said there is a small chance this process could go badly.
“When I say ‘badly’, I essentially mean that we end up with two different economically relevant currencies,” he said. “You end up getting some miners on one coin and some miners on another.”
Factom CEO Paul Snow , who was also present during the conversation on The Crypto Show , disagreed with Todd a bit and said the chances of something going badly were […]
