Bitcoin is embroiled in a civil war — here’s one way it can unfold. A civil war is taking place in the world of bitcoin, putting the future of the red-hot cryptocurrency in question. Bitcoin is up over 250% since last year, but in the past few months its price has experienced big swings. Arthur Hayes, CEO of BitMex, a bitcoin derivative exchange, told Business Insider he thinks recent volatility in bitcoin’s price reflects the uncertainty surrounding the outcome of this war, which will be decided August 1 when crypto-power brokers determine how the tech that powers the currency will be structured. A bitcoin civil war The ongoing bitcoin battle is connected to the cryptocurrency’s design. According to bitcoin evangelist Paul McNeal, bitcoin’s blockchain networ
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