Inside the Fight Over Bitcoinâ€™s Future
J Thoendell stashed this in Cryptocurrency
A terrific rumpus broke out in the world of Bitcoin last week, when veteran developers Gavin Andresen and Mike Hearn publishedÂ Bitcoin XT, a competing version of Bitcoin Core, the open-source program that generates new bitcoins, verifies all transactions, and records them on the massive distributed ledger known as the blockchain. Andresen is Bitcoinâ€™s most senior developer, and has been the projectâ€™s de-facto leader since 2011; Hearn is a pioneer in the development of Bitcoin wallets. According to an explanation Hearn postedÂ on Medium, they released XT because â€śthe decision-making process in Bitcoin Core has broken.â€ť The real crisis, as this suggests, is less about Bitcoinâ€™s code than about the power structure that governs it.