Block Size Politics Continue As Support for Bitcoin Classic Is Unclear

The Bitcoin block size debate is one of the hottest topics in the world of digital currency right now. Both Bitcoin Core and Bitcoin Classic seem to present some very interesting solutions, but the politics between both parties are captivating the audience. A recent comment by Samson Mow of BTCC sheds light on how the number of companies supporting Bitcoin Classic might be much lower than anticipated.

Also read: Looming Italian Bank Run Makes Bitcoin More Viable

Politics in Bitcoin Continue Like Usual

It is no secret how both Bitcoin Core and Bitcoin Classic present interesting solutions to tackle the block size debate. Some people are in favor of Core, whereas others want to see Classic succeed. Rather than focusing on the actual development of a solution, most people enjoy the politics associated with this debate more than anything.

As a result of those politics, Samson Mow of BTCC – one of the largest Bitcoin exchanges in the world – said how very few companies are actively supporting Bitcoin Classic. Based on his comments, the list is “horribly inaccurate and misleading to the general public”. If this were to be the case, things are looking rather bleak for Bitcoin Classic as a whole.

Even though there is quite a large list of companies supporting the Bitcoin Classic proposal, Mow feels how very few companies have the intent on running the software in the future. While all of these supporters are in favor of increasing the block size to 2 MB, that does not mean they will pick Classic over Core or otherwise.

Needless to say, the politics going on behind the Bitcoin scenes are steering away from coming up with practical solutions to the block size debate, and are intended to create more discussion. While the primary goal is reaching a consensus among the Bitcoin community, this is slowly turning into a mudslinging contest.

All everyone wants is a clear path for Bitcoin once we get to 2 MB blocks and beyond. That new limit will help include all transactions for now, but it will be far from sufficient if the transaction volumes pick up all over the world. A decision has to be made between manual increments or automatic block size scaling, and politics should not be a part of that by any means.

Source: Linux Foundation

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.