Institute for Ethics and Emerging Technologies


The IEET is a 501(c)3 non-profit, tax-exempt organization registered in the State of Connecticut in the United States. Please give as you are able, and help support our work for a brighter future.


Search the IEET
Subscribe and Contribute to:


Technoprogressive? BioConservative? Huh?
Quick overview of biopolitical points of view




whats new at ieet

8th Beyond Humanism Conference

The Universal Balance of Gravity and Dark Energy Predicts Accelerated Expansion

What’s Killing the American Middle Class?

Rituals Improve Life According to Ancient Chinese Philosophers

The Future of PR in Emotionally Intelligent Technology

Optimize Brain Health by Balancing Social Life with Downtime


ieet books

Philosophical Ethics: Theory and Practice
Author
John G Messerly


comments

almostvoid on 'The Future of PR in Emotionally Intelligent Technology' (May 25, 2016)

almostvoid on 'Rituals Improve Life According to Ancient Chinese Philosophers' (May 25, 2016)

almostvoid on 'Optimize Brain Health by Balancing Social Life with Downtime' (May 23, 2016)

instamatic on 'Faithfulness--The Key to Living in the Zone' (May 22, 2016)

R Wordsworth Holt on 'These Are the Most Serious Catastrophic Threats Faced by Humanity' (May 22, 2016)

Giulio Prisco on 'Faithfulness--The Key to Living in the Zone' (May 22, 2016)

Giulio Prisco on 'Faithfulness--The Key to Living in the Zone' (May 22, 2016)







Subscribe to IEET News Lists

Daily News Feed

Longevity Dividend List

Catastrophic Risks List

Biopolitics of Popular Culture List

Technoprogressive List

Trans-Spirit List



JET

Enframing the Flesh: Heidegger, Transhumanism, and the Body as “Standing Reserve”

Moral Enhancement and Political Realism

Intelligent Technologies and Lost Life

Hottest Articles of the Last Month


Ethicists Generally Agree: The Pro-Life Arguments Are Worthless
May 17, 2016
(4179) Hits
(10) Comments

Artificial Intelligence in the UK: Risks and Rewards
May 12, 2016
(3264) Hits
(0) Comments

Nicotine Gum for Depression and Anxiety
May 5, 2016
(2998) Hits
(0) Comments

3D Virtual Reality Is the Best Storytelling Technology We’ve Ever Had
May 5, 2016
(2824) Hits
(1) Comments



IEET > Security > Eco-gov > Rights > Economic > Vision > Artificial Intelligence > Bioculture > Futurism > Affiliate Scholar > Melanie Swan

Print Email permalink (0) Comments (2771) Hits •  subscribe Share on facebook Stumble This submit to reddit submit to digg


Satoshi Roundtable: Is Bitcoin Dead due to Scalability Issues?


Melanie Swan
By Melanie Swan
futurememes

Posted: Mar 17, 2016

Scalability was the most prominent issue discussed at the February 26-28, 2016 Satoshi Roundtable (the Bitcoin industry’s annual technical meeting).

This is expected as scalability is an ongoing issue to be resolved for any cryptocurrency to achieve mainstream adoption.

Bitcoin as the most mature and liquid cryptocurrency is being pushed towards current limits which prompts urgency to attend to scalability and other issues. 

Scalability is a hard problem, and needs to be resolved, here with Bitcoin, or in future iterations of other cryptocurrencies. 

There are different technical proposals for Bitcoin and it is not clear which might be best, or if these are even the right type of solutions. 

However, it is also clear that we might not know without trying, so one or more solutions will need to be implemented. 

One scalability design question for example is whether to knit together activity from large bodies of side chains, or have one monolithic processing architecture. 

There could already be a split to industry-specific chains that implement different forms of scalability functionality. 

A need for more robust prototyping environments and multiple core developer teams has been suggested, which could be good as cryptocurrencies are fundamentally new territory. 

Whatever solutions arrive for Bitcoin may not be the final solutions for all cryptocurrencies and the bigger potential economic future of ubiquitous digital payments. 

There are always a host of technical issues in the rapidly-evolving cryptocurrency space, and another concern is the reward structure for Bitcoin miners, which is due to change in July. 

Compared to scalability, this is not as big of a concern impacting Bitcoin’s overall viability as the mining market tends to resiliently resettle around different set points of miner demand, supply, and rewards.


Melanie Swan, MBA, is an Affiliate Scholar of the IEET. Ms. Swan, principal of the MS Futures Group, is a philosopher, science and technology futurist, and options trader.
Print Email permalink (0) Comments (2772) Hits •  subscribe Share on facebook Stumble This submit to reddit submit to digg


COMMENTS


YOUR COMMENT (IEET's comment policy)

Login or Register to post a comment.

Next entry: Exploring Transhumanism

Previous entry: Longevity and the Indian Tradition

HOME | ABOUT | FELLOWS | STAFF | EVENTS | SUPPORT  | CONTACT US
SECURING THE FUTURE | LONGER HEALTHIER LIFE | RIGHTS OF THE PERSON | ENVISIONING THE FUTURE
CYBORG BUDDHA PROJECT | AFRICAN FUTURES PROJECT | JOURNAL OF EVOLUTION AND TECHNOLOGY

RSSIEET Blog | email list | newsletter |
The IEET is a 501(c)3 non-profit, tax-exempt organization registered in the State of Connecticut in the United States.

East Coast Contact: Executive Director, Dr. James J. Hughes,
56 Daleville School Rd., Willington CT 06279 USA 
Email: director @ ieet.org     phone: 860-428-1837

West Coast Contact: Managing Director, Hank Pellissier
425 Moraga Avenue, Piedmont, CA 94611
Email: hank @ ieet.org