The war of the words continues this week at the inaugural Deconomy 2018 blockchain forum in Seoul, South Korea.
On Tuesday, Bitcoin.com owner Roger Ver was pitted against Blockstream Chief Strategy Officer Samson Mow in a panel discussion that tackled the controversial question, “Can Bitcoin Scale?”
As expected, the debate on Bitcoin’s scaling issues as well as Satoshi Nakamoto’s vision for Bitcoin—as a peer-to-peer electronic cash system—turned into a tension-filled exchange between the two panelists. Mow pointed out that the computer science behind scaling Bitcoin needs to be taken into consideration, which means looking at the code and following the consensus rule.
“I think the scaling that works is to take an engineering standpoint to look at the code and to follow consensus rules and build layer 2 solutions,” Mow said. “I think scaling Bitcoin, we have to take into consideration the computer science aspect of it. We can’t just make things up. We actually have to look at the code and we have to follow the consensus rule, so if you look at what Bitcoin Core has been doing, is they’ve been scaling all along so that everything is backwards compatible.”
The intention might be good, Ver responded, but the effect was damaging—Bitcoin lost its first-mover advantage, the market cap of altcoins skyrocketed, and the number of transactions on the Bitcoin Core (BTC) network today was only half of what it was in December 2017.
“Bitcoin Core is having negative merchant adoption around the world. Bitcoin Cash is having positive merchant adoption around the world,” Ver said.“So even if Samson and Blockstream and Bitcoin Core supporters have the absolute best intentions in their heart, we have the empirical evidence to show that the effects were negative and incredibly damaging to Bitcoin. Let’s judge things by their effect and their results, not the intent of the people that were putting it together.”
And that’s just the first 10 minutes of the debate, ladies and gentlemen.
Watch how it all went down here: