Just hours after the release of an alternative implementation of the bitcoin software, a group of miners, exchanges and service providers who work with the digital currency issued a letter stating that they would not back any "controversial" changes to the bitcoin network.

1. teamsteverhyner.com http://www.teamsteverhyner.com/industry-businesses-pledge-to-avoid-bitcoin-network-split/
Steven L.
Rhyner
Industry Businesses Pledge to Avoid Bitcoin Network Split
Just hours after the release of an alternative implementation of the bitcoin software, a group of miners, exchanges
and service providers who work with the digital currency issued a letter stating that they would not back any
“controversial” changes to the bitcoin network.
The letter calls for an increase in the cap that currently limits the bitcoin blockchain’s transaction processing
capabilities while also voicing support for a proposal called Segregated Witness, code previously put forward by the
team behind the majority-used Bitcoin Core software as part of a broader scalability roadmap.
Those signing the letter said they
reject the viability of a “contentious
hard-fork”, a change to the bitcoin
software that makes previous
versions incompatible. In this
instance, all of the network’s users would either have to download new software in order to be part of the new chain,
or transaction history, or continue running the old version.
In the case of Bitcoin Classic, the change could result in one network operating with blocks with a 2MB block size

2. cap and another with the existing 1 MB cap.
The letter reads:
“We think any contentious hard fork contains additional risks and potentially may result in two
incompatible blockchain versions, if improperly implemented. To avoid potential losses for all bitcoin
users, we need to minimize the risks. It is our firm belief that a contentious hard-fork right now would
be extremely detrimental to the bitcoin ecosystem.”
The publication followed the release of Bitcoin Classic, an effort to raise the block size limit of the bitcoin network by
means of a hard fork. Prior to the release of the client, those backing the project claimed significant support from the
bitcoin mining community, going as far as listing a number of mining entities on the project’s main website.
Yet, doubts remained as to the level
of support from miners (particularly
those based in China) for the Bitcoin
Classic proposal.
The letter’s signatories include mining entities BitFury, BW.com, BTCC, F2Pool and GHash.IO, a list that constitutes
close to 70% of the bitcoin’s hash rate distribution, according to data fromBlockchain.info.
Most notably, the letter states that signatories would not run production-grade versions, nor would they mine blocks
as part of a hard fork of the bitcoin network, naming Bitcoin Classic and Bitcoin XT, an earlier proposal to hard fork
the network, specifically.
The letter explains:
“We are as a matter of principle against unduly rushed or controversial hard-forks irrespective of the
team proposing and we will not run such code on production systems nor mine any block from that
hard-fork. We urge everyone to act rationally and hold off on making any decision to run a contentious
hard-fork (Classic/XT or any other).”
Those signing the letter also called for greater collaboration with the team behind Bitcoin Core, though the wording
notably does not preclude those involved from running test versions of the Bitcoin Classic network.
“In the next three weeks, we need the Bitcoin Core developers to work with us and clarify the roadmap with respect
to a future hard-fork which includes an increase of the block size,” the letter states. “Currently we are in discussions
to determine the next best steps.”
A full list
of signatories can be found here.
Log splitting visualization via Shutterstock

3. Re-posted from www.coindesk.com February 11, 2016 by Stan Higgins
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