What Made Me Realize #Bitcoin Is Heading For a Split
I realized that #Bitcoin is probably going to split.
No, it wasn’t a particular technical detail of suggested improvements to the code, or some backroom deal I heard about, or an assessment of the influence and power of players of diverging opinions. It came from taking the pulse of the community and observing how far away its collective mind is from solving the problem facing Bitcoin today.
But it’s not just dysfunction in solving a problem anymore. Scaling bitcoin isn’t even on anyone’s radar now. The community is on a crash course for conflict and separation.
There are no more scaling arguments
It’s hard to believe from where we are now, but this whole struggle can be traced back to how best to scale Bitcoin. The back-and-forth over block size and off-chain scaling solutions, at one point, was actually about increasing the network capacity to handle more users. Now? You’d be hard-pressed to find anything on the subject in the current rhetoric. The battle is between Segwit and Segwit plus a two-megabyte block size increase. Whichever side wins out, Bitcoin will be using Segwit, and scaling relief provided will be woefully inadequate for today’s user load.
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