According to Venture Beat's Ruth Reader, bitcoin is at an important crossroads that could determine the future relevancy of the technology. While the digital currency and its deregulated network is maturing, key members of the community lack consensus on important issues ranging from the minimum bitcoin block size to whether or not the network needs a central authority.
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Bitcoin's leaders lack the consensus needed to decide what's next
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This disagreement may make those invested in Bitcoin companies a little nervous. Over the past few years, an increasing amount of venture capital has flowed into Bitcoin. Since 2012, VCs have invested more than $800 million into Bitcoin companies, according to Coindesk. This week’s “network test,” a symptom of the overall disagreement within the community, demonstrates that a decentralized financial system may be too volatile for banks, VCs, and startups to continue investing in it. Financial institutions are going to have a problem with a network that’s so easily disrupted by the community that runs it.
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