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March 3, 2016 12:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/EUyGqChkwdw/incident-raises-concerns-about-a-more-formal-spec-for-bitcoin
Incident Raises Concerns About a More Formal Spec For Bitcoin
An anonymous reader writes: Aberrant treatment of transactions by Bitcoin miners has renewed concerns that Bitcoin as a protocol may need a stronger specification. OpenBSD savior and Bitcoin entrepreneur Mircea Popescu raised this issue back in 2013 that the current attitude of "the code is the spec" was introducing fragility and harming Bitcoin's vital decentralization. While a lot of fuss has been made about the maximum blocksize, perhaps formalizing the protocol and breaking the current mining cartel is a more urgent and serious problem. The debate going on resurrects many of Datskovskiy's early concerns about Bitcoin's fragility including mining as a necessary bug, but a bug nonetheless.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/EUyGqChkwdw/incident-raises-concerns-about-a-more-formal-spec-for-bitcoin
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