Why Bitcoin May Split In Two And How To Prevent It

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 4 April 2017

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Please take the Unchained podcast survey! https://www.surveymonkey.com/r/unchained The bitcoin community is mired in a civil war. In this episode of the Unchained podcast, supporters of opposing sides -- former Bitcoin Core developer Jeff Garzik and Litecoin creator Charlie Lee -- explain why nuclear options are on the table. The discussion touches on whether high transaction fees are bad for the network or a necessary evil, which would be considered the "true" bitcoin if the currency split in two, and whether the cryptocurrency is already centralized, or controlled by a few. We also discuss why bitcoin can't just look at the playbook of other open source projects to get past this stalemate. And they give advice to current bitcoin owners wondering whether to sell or hold through this bitcoin game of chicken. Show notes: https://www.forbes.com/sites/laurashin/2017/04/04/why-bitcoin-may-split-in-two-and-how-to-prevent-it/ Other links: Bloq: http://bloq.com/ Coinbase: https://www.coinbase.com/ Litecoin: https://litecoin.org/ This episode was sponsored by OnRamp: http://www.thinkonramp.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Krakin.
0:03.0	Krypto is like the financial system, but different.
0:06.0	He doesn't care where you come from,
0:08.0	what you look like, your credit score,
0:10.0	or your outrageous food delivery habits.
0:13.0	crypto is financed for everyone, everywhere, all the time.
0:17.0	Visit Krakon.com slash see what crypto can be to learn more.
0:22.0	Don't invest in as you're prepared to lose all the money
0:24.8	you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
0:30.1	Make match days easy with Google Pay.
0:36.0	When the last train before kickoff leaves in five, tap in with your Android phone to catch it.
0:39.0	No stress.
0:42.0	And if the queue for the merch store means extra time, tap to pay faster than you can say,
0:47.8	come on England.
0:48.8	Fast, safe, simple. Match days made easy with Google Pay. Add a card to Google Wallet. Hi everyone. Welcome to Unchained, a podcast engineered by
1:07.9	fractal recording and produced by me your host Laura Shin, a Forbes
1:12.3	contributor covering blockchain and
1:14.2	cryptocurrencies. Thanks for tuning in. First on today's agenda is that I'm
1:19.1	conducting a survey. I want to learn more about you, the listeners, and get your feedback on the show.
1:24.0	Go to survey monkey.com slash R slash unchained to fill out the survey or find the link in the show description of this episode.
1:31.0	Again, that survey monkey.com slash R slash Unchained. I would so
1:36.1	appreciate hearing from you so I can improve the podcast. Also if you've been
	...

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