Why everyone in the cryptocurrency community is suddenly talking about bits and bytes

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Why everyone in the cryptocurrency community is suddenly talking about bits and bytes
By Neer Varshney


A tweet from Bitcoin’s self-proclaimed creator Craig Wright has got the entire cryptocurrency community turning to calculators. Wright took to Twitter to posit that cryptocurrency mining pools that can’t mine blocks of 32MB – which even a 56K modem could handle – “deserve to be bankrupt.” If a pool cannot mine a minor 32mb block (that a 56k modem could handle) and tries to hobble scaling to subsidise their failure, they deserve to be bankrupt. This is capitalism. Scaling is happening in #BCH Miners will just move pools, life goes on. pic.twitter.com/MY51GksjxI — Dr Craig S Wright (@ProfFaustus) August 28, 2018…

This story continues at The Next Web


August 29, 2018 at 09:14PM
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