Coinbase Reinstated to Bitcoin.org

Coinbase and Bitcoin.org Hug it Out

As we previously reported Coinbase had been removed from the Bitcoin.org website because of statements made by CEO Brian Armstrong in support of Bitcoin XT.

This morning,  Armstrong on behalf of Coinbase, posted on reddit an official statement;  regarding its stance alternate Bitcoin implementations.

Theymos I’m happy to give you an official answer as best I can.

Coinbase will always support the longest valid chain in bitcoin. Actually lets say longest valid chain where valid is an economic majority. We would never want to prevent our customers from using their bitcoin, forcing them on to a shorter chain or do anything like that (it would be a terrible decision that could hurt everything we’ve built at the company). I’m sort of surprised anyone thought we would really do this, I didn’t think it was even worth mentioning.

We run four different types of nodes in the production, so XT is just one we were experimenting with. Coblee is right that we need to experiment with many node types to ensure we can continue to serve our customers, even in the event a hard fork were to occur (obviously, a hard fork is not up to us, even if people think we have a vote). Btw, it is worth mentioning that even if people thought we were running 100% on XT (which we weren’t) this would still not have moved us off the longest chain in bitcoin (XT requires 70% consensus on blocks mined, I believe). I probably should have explained this better so people didn’t misinterpret it.

Our opinions may be different on how to scale bitcoin, but hopefully you no longer have concerns about Coinbase moving off of bitcoin. We will always support the longest chain. Does this help? If not let me know. Thanks.

Shortly after that a pull request on the Bitcoin.org website was approved

 

Pull Request on Github approved.

 

Coinbase now appears as a wallet option again.

Capture23

 

Not sure how this drama contributes to Bitcoin’s growth, but I am sure reddit must love the traffic.

Bitcoins’ Civil War Heats Up

The continued conflict between those who demand an quick increase in blocksize and support BitcoinXT or BIP 101 proposals heated up over the weekend when Coinbase CEO, Brian Armstrong announced over twitter that they are experimenting with BitcoinXT Nodes.

In response a user on reddit and github Cobra-Bitcoin, linked to their pull request to remove Coinbase from the chose your Wallet page on Bitcoin.org

Coinbase is now running Bitcoin XT in their production servers. XT is an contentious hard fork attempt that will create a new altcoin and split the community and blockchain should it ever go into effect. If this ever happens, Coinbase’s customers may find that they no longer own any actual Bitcoin.

This pull request removes Coinbase from the “Choose your Wallet” page to protect new users from being on the wrong end of a blockchain fork. Bitcoin.org should only promote Bitcoin services. Companies that use XT don’t meet this criteria because they support forking off the blockchain and switching to a new incompatible currency without broad consensus.

Bitcoin Core has already announced a road map to address scalability concerns. I don’t see why@barmstrong feels the need to try to promote XT in this way. Almost all of the Bitcoin technical community supports the announced road map. It’s not like things aren’t moving forward.

I’ll merge this soon. Feedback is always appreciated though.

The pull request was approved and merged around 10 AM EST on Dec 27th.  As a result Coinbase has been removed from the bitcoin.org website as recommend bitcoin wallet and service.

Another pull request has been submitted to rever this change and restore Coinbase as a recommended wallet.

Meanwhile r/bitcoin and twitter are hot with arguments for and against the ostracization of coinbase.

below are some excerpts.

 

My thoughts; these sideshow dramas will fall away once actual code is committed to bitcoin showing some scaling.  Looking through the Bitcoin-Dev mail list you can see concrete discussions and work being done.  In the meantime lots of popcorn will be consumed.

More comments can be viewed on reddit.com/r/bitcoin.

 

 
*updated 12/28/2015@12:00 EST – Screenshot of the new Choose your Wallet page on Bitcoin.org

Bitcoin.org Choose your Wallet Page without Coinbase.
Bitcoin.org Choose your Wallet Page without Coinbase.

with screen from bitcoin.org*