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

Self-Awareness Is Essential in Comedy and in Life

IEET Fellow Stefan Sorgner’s Autobiographical Nietzschean Transhumanism in New Book

Transhumanist Hank Pellissier on Being an “Atheist Missionary”

Optimize Your Brain: The Science of Smarter Eating

IEET Fellow Stefan Sorgner to be Featured on Public TV Show

How our police became storm troopers, redux


ieet books

Philosophical Ethics: Theory and Practice
Author
John G Messerly


comments

almostvoid on 'How our police became storm troopers, redux' (Jul 25, 2016)

almostvoid on 'Optimize Your Brain: The Science of Smarter Eating' (Jul 25, 2016)

RJP8915 on 'How To Live With Doubt About Life’s Meaning' (Jul 23, 2016)

Paul Tiffany on '“Robots will colonize space, without human beings”' (Jul 23, 2016)

instamatic on 'Moral Uncertainty and Moral Enhancement' (Jul 22, 2016)

almostvoid on 'The Age of Em: 1 Year After We Upload Ourselves to The Internet' (Jul 21, 2016)

rms on 'Moral Uncertainty and Moral Enhancement' (Jul 21, 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


How VR Gaming will Wake Us Up to our Fake Worlds
Jun 28, 2016
(10604) Hits
(2) Comments

Worst case scenario – 2035 and no basic income.
Jun 29, 2016
(6957) Hits
(0) Comments

Existential Risks Are More Likely to Kill You Than Terrorism
Jul 8, 2016
(4297) Hits
(1) Comments

Transparent Smart Chargepoints and the Internet of Things
Jul 16, 2016
(4040) Hits
(1) Comments



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

Print Email permalink (0) Comments (2985) 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 (2986) 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