BitPay’s participaction in the New York Argeement was intended to help facilitate a path forward between feuding elements of the Bitcoin community and keep the remaining community together for at least a little while longer. Since it is apparent that this original goal cannot be achieved, we feel the best…

Last week BitPay published an advisory¹ regarding a double spend risk² for developers using non-Segwit compatible nodes of our Bitcoin development platform Bitcore.³ We recommended that these developers mitigate double-spend risk by installing a Segwit-compatible boundary node. As our boundary node instructions used the BTC1⁴ version of Bitcoin, this naturally…

I’ve enjoyed reading the conspiracy theories about our relationship with Bitmain.

That relationship was initiated by me reaching out to them. I had very good conversations with them about the issues at hand and we found we had a mutual interest in developing a viable alternative to the various Bitcoin…

With the surging popularity of Bitcoin, congestion on the Bitcoin block chain is rising. This has severe implications for the cost of a bitcoin payment.

Constrained Supply and Rising Demand

Miners currently observe a 1mb limit on the overall size of each Bitcoin block, which constrains Bitcoin to around 300,000 transactions per day. We’ve been…

Stephen Pair

Co-Founder & CEO @bitpay - Bitcoin Payment Services

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store