The Satoshi Roundtable: Is There a Consensus?

News and Analysis

Last weekend, the second international conference Satoshi Roundtable featuring the industry’s stakeholders was held to discuss the issues of network scalability and community development.

The event held at a secret venue, allegedly somewhere in Florida, US, featured around 75 attendees representing almost any prominent company and startup, alongside with leading developers.

While block size debate is still far from reaching any consensus, all the attendees agreed that Satoshi’s ideology is still alive, and the protocol has to remain open to anyone. This implies that opinions from developers and major miners remains important; however, votes from individual miners and regular users of cryptocurrency shall be considered as well.

The attendees agreed that no privatization of the network’s development is inadmissible. Open code, according to them, is the only guarantee for transparency and absence of a single ‘network owner’ in a traditional meaning of the term. The proposal of keeping on the option of disclosing bitcoin sender’s identity at his or her wish.

As far as statements vocalized at the conference go, there are no plans to change bitcoin network’s working principles. All history transactions will remain immutable, with the same principle applicable to all future transactions. The issuance limitation of 21 million bitcoins also retains; however, there were some proposals to change it.

As for the accursed issue of block size increase, no consensus was reached. The event was attended both by SegWit and Bitcoin Classic supporters, who have generally opposite points of view.

Even though the attendees failed to reach any consensus here, the event itself, as they state, was very positive and promising in terms of further bitcoin development.

The conference’s official twitter account quoted Bitcoin Core’s lead developer Gavin Andresen who called his colleagues’ work “incredible”:

The conference itself was a private function, and only those having invitations could attend it.

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