Former Mt Gox CEO Mark Karpeles: Haven’t you figured out block size yet?

Mark Karpeles, the former CEO of Mt. Gox, who was accused of corruption, was recently released on bail. As soon as he was released from prison, he began to mock the incompetence of the Bitcoin community and satirized their inability to do anything about the block capacity problem.

Shortly after his release from prison, Karpeles expressed his disdain for the current state of Bitcoin on Twitter, satirizing the community’s endless debate over the 1MB block size.

Kryptonaut: Karpeles, what do you think about the price trend of Bitcoin?

Mark Karpeles: I don't even know what the current price of Bitcoin is. I don't care. Have you ever solved the block capacity problem?

The dispute over block expansion is gradually cooling down, but block capacity is still a big problem

The issue of increasing the Bitcoin block size has long been a hotly debated topic, with two subreddits being the most volatile. /r/btc supports on-chain expansion, while /r/bitcoin supports the Bitcoin Core view.

Bitcoin Classic wanted Bitcoin to hard fork to increase the block capacity, but it seems to have failed. Bitcoin block capacity is about to be saturated, the mempool capacity has exceeded a one-month high, and transaction fees are also continuing to rise.

However, since the block reward was halved, the community’s discussion on the block capacity issue seems to be weakening.

Many people say that apart from the issue of scalability, Bitcoin is very powerful. Indeed, whether it is the price, market value or trading volume of Bitcoin, it is rising rapidly.

The Mt.Gox incident is a big stain in the history of Bitcoin development

Although Mark Karpeles mercilessly mocked the community’s handling of the scaling issue, he seemed to forget that he was at the center of the first crisis in the history of Bitcoin development.

Mt. Gox was once a major cryptocurrency exchange until more than 700,000 bitcoins disappeared and the exchange went bankrupt. As CEO, Karpeles was charged with fraud and allegedly used public funds to pay for prostitution.

But the Bitcoin economy was not dragged down by the failure of Mt. Gox. Since the bankruptcy of Mt. Gox, Bitcoin has quickly recovered from the crisis and continued to move forward.