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    Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032327 times)
    brg444
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    Bitcoin replaces central, not commercial, banks


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    July 30, 2015, 07:43:19 PM
     #29521

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    To be clear, this is one of 3+ possible proposals in the works among Blockstream developers. There is no "party line" where the company can tell the developers what they should believe.

    There is a lot of merit to Pieter's draft BIP. We should openly discuss it in public alongside the other draft BIP's.

    Others are in favor of an entirely different approach to increasing the block size that would more in line with actual transaction demand while making no guesses about what things will look like in the future. This proposal is a bit more complex and is currently under development. I'm personally working on getting this stuff written down so it would be easier for everyone to understand, to enable developing this approach with the global developer community.

    Some hope the drama can calm down to allow for a return to a constructive, collaborative technical process as is common in Open Source development. The recent environment of incivility and personal attacks has led them to be highly reluctant to agree to any controversial changes while under duress. A meta-solution in favor of bringing professionalism and academic discipline to the questions surrounding Bitcoin Scalability is currently under proposal between developers, academics and commercial stakeholders. Hopefully an announcement about this will be ready by early next week.
    https://www.reddit.com/r/Bitcoin/comments/3f5yyr/block_size_according_to_technological_growth_by/ctlw6zx

    #teamblockstream

    "I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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