Bitcoin Core developer Phil Potter, Chief Security Officer of Bitfinex, reports that miners, “relatively centralized and mostly in China”, have mobilized against Segwit.
Roger Ver, albeit later in the conversation confirms positions on China.
In recent month, Chinese miners have faced a crackdown on those illegally using energy. Miners using power supplies at oil production facilities were found out in November. In December, Chinese police shut down more miners illegally procuring their electricity.
“I definitely think that people in Core need to do a better job of communicating with the miner community in China,” Mr. Potter says. “…[T]he fact that the Great Firewall of China exists, it does create a problem for mining….To communicate through that firewall into China, if you’re mining outside of China, there’s a significant problem there.
“There has been a big political effort to delay or block it. It’s a pain in the ass technically for miners to upgrade to this anyway,’ Mr. Potter says in the roundtable discussion. “I think we’re seeing a delay in miners being able to signal.” Acknowledging a rift, and potential disconnect between Bitcoin Core developers and the Chinese mining apparatus, Mr. Potter imparts something must be done to reach out beyond the Great Firewall.
A recent discussion between the open-source Bitcoin Core developers, which oversees the Bitcoin code, and the influential Roger Ver, who has spearheaded many endeavors and appeared on countless programs to discus the cryptocurrency, took a brief aside to lament developments in China regarding a solution to the Bitcoin Block Size debate.
Images from Shutterstock.
“I agree with everything said about China,” Mr. Ver says, albeit much later in the conversation after Mr. had made his comments.
Mr. Potter, as CSO of Bitfinex, has had his work cut out for him as late. In a marquee event for Bitcoin in 2016, Bitfinex suffered a crippling hack earlier this year. Since the hack, there have been discussions of a “bail-in“, and the company reached out to the hacker to extend an olive branch of sort. To date, there’s been no word of a reply.
“We’ve been having a rough go of it,” he says in the discussion. “We’re in recovery mode. That’s on the topic of bitcoin’s future as well. I think the other co-participants here have heard me speaking about this, or I have talked with them individually at length.”
Bitso Opens Bitcoin Donation Support for Mexico City Earthquake Relief
Whenever a natural disaster takes place, there is a dire need for relief efforts. Although not everyone can send goods over to affected countries, financial support will do the job as well. Rather
More Crypto-Criticism, This Time from Dogecoin’s Creator.
The latest in the slew of crypto critics is Jackson Palmer, the creator of Dogecoin. Palmer claims that thanks to the proliferation of scam ICOs, a similar fate might be lurking in wait for the rest
Blockchain Cruise Asia Set to Become the Major Asian Blockchain Conference in 2018
Famed cryptocurrency services provider CoinsBank has plans for a new gathering of Blockchain technology enthusiasts on the horizon. After achieving success for two straight years with Blockchain
Ethereum Classic Price Technical Analysis – ETC/USD To Retest $11?
Ethereum classic price is correcting lower against the US Dollar and Bitcoin. ETC/USD might extend declines as sellers eye a test of the $11.00 level. There was a decent recovery from the $8.70
VibeHub VR/AR application ICO approaching end
VibeHub is a Virtual and Augmented reality application for the use of music, education, gaming and dating. The VibeHub team will use holoportation technology to holoport mainstream artists and
US bank CEOs are likely 'very afraid' of bitcoin, says wealth advisor
CEOs of U.S. banks are likely "very afraid" of bitcoin, according to a wealth advisor. Some financiers have said the cryptocurrency is an unwise investment because of its volatility or supposedly
BTC/USD and BTC/JPY Technical Analysis September 20 2017
Hello and welcome to News BTCâs Market OutlookÂ September 20. BTC/USD Bitcoin dipped at the beginning of the session on Tuesday, but seems to be finding support near the $3900 level. As I
ETH/USD and ETH/BTC Technical Analysis September 20 2017
Hello and welcome to News BTCâs Market OutlookÂ September 20. ETH/USD Ethereum fell initially during the day on Tuesday, but found the $280 level be supportive enough to turn things around