Bitcoin Classic gains support
Over the past week, Bitcoin Classic has gained support of the majority of miners and many other members of the community. If you’ll recall from last week, Bitcoin Classic proposes double block size from 1 to 2 megabytes.
To me (and many others it appears), this small block size increase was a brain-dead obvious thing to do. The scaling technologies proposed by Bitcoin Core: Segwit & the Lightning Network, won’t be ready for deployment for a half a year a best and probably much longer. A small block size increase let’s us kick the can down the road until Segwit & Lightning are ready. This is much better then letting the system “break” for 6 or 12 months. That the Bitcoin Core didn’t realize the political desire for a block size increase both at small-block-leaning Scaling Bitcoin and among the larger community shows their political disconnect.
Some are concerned that many of the “technically smart” Bitcoin Core developers will leave Bitcoin if Classic continues to gain momentum. Being good at engineering doesn’t mean you’re good at politics. Achieving consensus on what rules your consensus code enforces is as much a political problem as it is an engineering problem. If Bitcoin is going to succeed, leaders will need to emerge that are “smart” about both. There’s no room in Bitcoin for engineers that aren’t interested in dealing with politics or politicians who don’t have a grasp of the technology.