THELOGICALINDIAN - Bitcoin entrepreneurCharlie Shrem aggregate his angle on the ascent agitation advertence that its not about technology anymore its about power
Charlie Shrem, Bitcoin administrator and co-founder of Intellysis, was present in today’s adventure of the Double Down show, dubbed “Does Block Size Matter?” with the accepted hosts Max Keiser and Stacy Herbert.
During the show, Shrem bidding his thoughts apropos the accepted accompaniment of the ascent agitation or as Herbert alleged it, “the Great Blocksize War of 2024.”
Shrem stated:
According to Shrem, the ascent agitation is no best about the best applicable technology or band-aid that can be acclimated to calibration Bitcoin. Instead, the ascent agitation has become a ability attempt amid two development teams, Bitcoin Unlimited and Bitcoin Core.
“The added ancillary of the debate, which is Bitcoin Unlimited, they accede that SegWit is a abundant technology,” he continued. “But to them it’s not about technology anymore, it’s about power.”
Shrem went on to say:
However, there is a argent lining in this development, which Shrem considers it as an “extremely bullish bearings for Bitcoin.” The accepted block admeasurement “drama” is showcasing Bitcoin’s adeptness to abide a awful advance on the network.
He noted:
Shrem sees the accepted hash ability signaling as a “glorified poll” back it comes to adamantine angle accustomed that nodes are the ones that validate blocks and they can abandon the ones from the hard-forked alternation at will, acceptation that miners don’t accept about as abundant ability as they anticipate they do.
This can be empiric the UASF proposal, which would bypass the miners absolutely and leave it up to the nodes to force SegWit into activation.
However, it may not appear bottomward to a UASF, as mining pools like F2Pool are alpha to move to SegWit apprenticed by appeal from individual users that accord hashrate to the pool.
Not all is black for Bitcoin, however. Amidst all the astriction and drama, one charge additionally attending at the ablaze side, which is the acumen we’re accepting this acrimonious agitation at all: Bitcoin is growing at an exponential rate.
This is, as Shrem puts it, a “champagne problem,” one that gives us as abundant to bless as it gives us to action about.
“It’s a acceptable botheration to have. Bitcoin has developed absolutely quickly. We never accepted this to appear so quickly, to be honest. We’re accepting appear what they alarm a ‘champagne problem,’ how do you scale?” he said.
This agency that not alone is Bitcoin alive as intended, but there is additionally an burning charge for such a bill in the world. Now, it’s alone a amount of authoritative abiding that Bitcoin can become that bill and still advance its decentralized and abiding characteristics.
Shrem concluded:
Do you agree? Is the ascent agitation absolutely about ability and control? Share below!
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