Although there has been some serious, public drama over scaling in the Bitcoin community for over a year, it appears that the community is mostly unified behind a single plan going forward, which is based on the “ Bitcoin Roundtable Consensus .” There are still high-profile individuals, such as former Bitcoin Core lead maintainer Gavin Andresen and longtime Bitcoin angel investor Roger Ver , who would like to see an increase in the block size limit as soon as possible.
Support for Bitcoin Classic , which intends to deploy a block size limit increase to 2 megabytes via a hard fork , currently sits around 5 percent of the network hashrate , and representatives from the vast majority of Bitcoin miners and mining pools have no intention of breaking the previous agreement to run only Bitcoin Core software for the foreseeable future.
Bitcoin Magazine recently chatted with Bitmain CEO Jihan Wu about his current thoughts on Segregated Witness (SegWit), hard forks and the recent Beijing meeting between BIP 109 supporters and the Chinese Bitcoin mining industry. Bitmain runs one of the top two Bitcoin mining pools in the world, Antpool . The pool accounted for roughly 22 percent of all mined blocks over the four days prior to publication.
Comments on the Beijing Meeting
Bitcoin Magazine previously reported on a somewhat secretive meeting in Beijing that took place near the end of March. BTCC COO Samson Mow referred to the meeting as a “train wreck,” which is a description that some, such as Roger Ver, found to be inaccurate.
When asked if he would refer to the meeting as a train wreck, Wu responded, “It depends how you define ‘train wreck.’ If it describes the status that no agreement [was] reached, it is a ‘yes.’”
Wu went on to clarify that […]
