Toms Blog

Where I talk about Bitcoin Cash and more

Bitcoin Classic Closing its doors

Bitcoin Classic was started in early 2016 with the clear intention of coming back to the coin that Satoshi indicated as his goal. Now this goal has been reached we will step down. When Classic started, the decision was to go for the lowest possible upgrade from 1 MB to 2 MB. It would avoid any technical complications and would lower the bar so far that we could not logically go any lower. Continue reading

Fundamentals of BTC and BCH

2017-11-09 bitcoin bitcoin cash
In a surprise move yesterday the BitPay CEO Stephen Pair blogged and urged the miners to cancel the hardfork scheduled to happen for the Bitcoin SegWit chain. A large group of miners agreed and we will likely not see 2MB blocks on the Bitcoin-Segwit chain. This is almost 3 months after SegWit was activated in what was promised to be a trade between different groups of stakeholders. The problem that was attempted to be solved was one of growth. Continue reading

Flexible Transactions

2016-07-29 bitcoin
I’ve been asked one question quite regularly and recently with more force. The question is about Segregated Witness and specifically what a hard fork based version would look like. Segregated Witness (or SegWit for short) is complex. It tries to solve quite a lot of completely different and not related issues and it tries to do this in a backwards compatible manner. Not a small feat! So, what exactly does SegWit try to solve? Continue reading