Ethereum Fiasco Justifies Principled Decisions of Bitcoin Developers

Attributes I cherish in the #bitcoin community – skeptical – risk averse – security conscious – evidence- & test-driven – principled
— Stephen Cole (@sthenc) July 25, 2016

Ethereum, a network still in its infancy which was introduced on July 30, 2015, is already dealing with a major conflict amongst its community as a result of a hard fork which was implemented without the full consensus of the community.
Even worse, the hard fork was executed to benefit a certain party of the Ethereum community, not the network as a whole.
Bitcoin and scaling dilemma
Bitcoin Core developers and the Blockstream team have constantly received heavy criticism over the past few years from the Bitcoin community for their inability to reach consensus on the everlasting blocksize debate.
Eventually, as the Bitcoin network and its underlying technologies matured, a number of sophisticated proposals emerged, such as Segregated Witness and the Lightning network, to scale the network in a more cautious manner.

This post was published at Coin Telegraph on 2016-07-28.