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Monday, March 13, 2017

Bitcoin Miners Signal Revolt Amid Sluggish Blockchain - Bloomberg

Bitcoin Miners Signal Revolt Amid Sluggish Blockchain - Bloomberg



While most agree the blockchain is stronger, critics such as Peter Todd, a key coding contributor to bitcoin, say that removing the data cap is a risky move which will leave bitcoin vulnerable to governments and global banks. Without a limit, large organizations would use their resources to out-muscle smaller miners and effectively take control of the blockchain and bitcoin itself.

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