- Bitcoin's nightmare scenario has come to pass (theverge.com) • Subtitled: 'The network's capacity to process transactions has maxed out'
- Bitcoin Transactions Get Stranded as Cryptocurrency Maxes Out (technologyreview.com)
- Transaction Bottleneck Could Kill Bitcoin, NYU Academic Warns (cryptocoinsnews.com)
That first link, 'Bitcoin's nightmare scenario', reported,
The average time to confirm a transaction has ballooned from 10 minutes to 43 minutes.
along with a link to support the math. The problem appears to be related to the 'hard fork' debate, and a few other reports mentioned a 'Satoshi Roundtable' to tackle the issue.
- After the Satoshi Roundtable, is there a way to bridge the bitcoin divide? (techcrunch.com)
- Coinbase’s Armstrong Urges Switch To Bitcoin Classic To Fix Scaling Disaster (cryptocoinsnews.com)
If that wasn't enough to discourage bitcoin enthusiasts, the usual doubts added fuel to the fire.
- Dealing With Fraud In The Bitcoin World (forbes.com)
- Is Bitcoin the New Swiss Bank Account (And Is That a Problem?) (nasdaq.com)
Wherever there is money there is fraud, and wherever there is fraud there is money. Bitcoin enables another dark side of the information age: ransomware.
- State-Sponsored Chinese Hackers Deploy Bitcoin Ransomware En Masse (newsbtc.com)
- What Came First, Bitcoin or Ransomware? (newsbtc.com)
While bitcoin teetered on the brink of the abyss, interest in the blockchain continued unabated.
- As Banks Embrace Blockchains, Bitcoin Is Getting Left Behind (fortune.com)
- Bitcoin - A solution to the ad-blockers? (cnbc.com; micropayments)
If bitcoin ultimately fails, there are plenty of parallel concepts to fill any gap it might leave.
Closer to home, this blog's news feed (in the right navbar) has become problematic -- occasionally disappearing -- and the 'Bitcoin Price Widget' (ditto) has stopped functioning. Signs of the bitcoin times?
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