The ‘Crypto Cold War’: Bitcoin’s Politics Of Scalability

Writing on Nasdaq.com, bitcoin observer David Floyd claims the quest to increase the size of the bitcoin block is a critical issue for establishing bitcoin as a major currency. The quest, however, has no ready solution, Floyd notes in his essay, titled, “The Crypto-Cold War: Bitcoin’s Politics of Scalability.” Floyd, who writes about investing, energy and politics, says at present, bitcoin’s processing capability dwarfs in comparison to Visa, which can process 56,000 payments per second. Increase The Block Size? Increasing the bitcoin block size could solve the issue, he writes, but this presents drawbacks. Floyd compares the debate over increasing […]

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