From a fundamental analysis perspective the attributes of cryptographically secured value tokens, mathematical consensus and censorship resistance are what gives Bitcoin its value. With a high degree of decentralization, these attributes become more meaningful and Bitcoin more valuable. In the face of centralization they become meaningless and Bitcoin loses its value, both perceived and real. Yet, no matter how valuable, if the network is not highly available or does not function reliably, the utility of Bitcoin diminishes and as usage decreases so does value. xbt.social presents an assessment of the objective conditions surrounding Bitcoin's blocksize and how capacity scaling and […]
The post Bitcoin XT Block Size Increase: What is Proposed and How Will it Affect the Bitcoin Price? appeared first on CCN: Financial Bitcoin News.
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