There was a civil war in Bitcoin and I was on the losing side, I guess, the so-called big block side. In theory, it was a debate over literally a single number in the GitHub code, which is called the block size. In practice it was really a debate between two broader visions of blockchain technology or Bitcoin. One was that the purpose of this is to disrupt the Federal Reserve—the cypherpunk, libertarian view. The other side, which I’m on, says that this is a really interesting new architecture where you could build lots of things that could be financially related, like money.
I think Bitcoin itself is interesting, but could do much more than that as well. And this side wanted to not only change its parameter, but do other things—like add a more rich programming language. Bitcoin actually has a very basic programming language. So our side lost. But then Ethereum came out [in 2014] and those folks were on my side.
2018-09-10 | Full Review