Tag: Debate

Ethereum Core Devs Debate Constantinople Hard Fork and “Difficulty Bomb” During Meeting

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Ethereum (ETH) core developers have held their regular meeting on YouTube August 24 on the progress of client implementation and tests of the Enterprise Integration Patterns (EIPs) for the upcoming Constantinople hard fork. The meeting started with a discussion of the latest updates on the processes of no-proof blockchain tests and the progress achieved on major ETH clients, with one of the devs explaining that there is a need to revamp some of the testing to avoid potential consensus issues. This week saw the release of a number of new…

Experts Debate Crypto’s Future and Discuss Use Cases at BlockShow Americas 2018

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The second day of the BlockShow Americas 2018 kicked off with a robust debate on the usefulness of cryptocurrencies between Nouriel Roubini, CEO of Roubini Macro Associates and predictor of the global financial crisis in 2008, also known as ‘Dr.Doom,’ and Alex Mashinsky, founder of Celsius Network. Roubini argued that “in the space of crypto there is zero security,” claiming there is “no democratization and decentralization.” Mashinsky responded “the current system does not work for seven billion people in the world,” while “only people who work on Wall Street can…

Researcher Challenges Bitcoin Mining Energy Consumption Alarmists, Says Debate ‘Oversimplified’

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A clean energy expert has hit back against the common perception that high energy consumption is an “Achilles Heel” for Bitcoin (BTC), in an article published by The Conversation August 20. Katrina Kelly, Strategy Manager at the University of Pittsburgh’s Center for Energy, says that we need to shift the debate around Bitcoin mining away from energy-intensivity and towards where that energy is produced and how it is generated: “By talking specifically about … the consumption of energy alone..many fail to understand one of the most basic benefits of renewable…

State Street Opens Up About Its Internal Blockchain Debate

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There’s no shortage of breathless hype about blockchain. What’s harder to find is a sober and nuanced discussion of the technology’s merits and drawbacks for a particular use case. For such a perspective, it can help to talk to different people at the same company who have been studying the matter and reached divergent conclusions. It’s not a secret that State Street, the giant U.S. custody bank, is looking to streamline the complex business of securities lending using blockchain. A decades-old industry, securities finance today is a continual dance of…