Bitcoin Classic Clone Claims Network Stable with 2 MB Block Size

C-bit, a clone of Bitcoin Classic, has launched with a 2 MB block size already built into the source code, according to its founder William Martens.

C-bit is a crypto-currency like bitcoin but follows the framework of Bitcoin Classic, an alternative to the Bitcoin Core protocol. Martens explains:

However, 2 parameters are different: the size of the blocks and the max number of coins. Bitcoin has 1-Meg blocks, whereas C-bit has 2-Meg blocks. Also, Bitcoin will have 21 Million coins total, and C-bit will have 210 Million coins. Instead of 50 coins per block, the C-bit network produces 500 coins per block. The timing of blocks is the same. This makes C-bit potentially someday worth 10% of Bitcoins price. If Bitcoin is the $100 bill, then C-bit is the $10 bill. C-bit could be the “walking around” change.

C-bit has begun trading on two exchanges, Cryptopia and C-CEX.

In addition, the C-bit development team is apparently developing something called “Helix Technology”, a project that combines Bitcoin and C-bit blockchains together into a DNA-type structure. Marten claims the structure has “promise to vastly increase the speed, power, and memory capacity of the resulting intertwined Bitcoin and C-bit blockchains.”

napkin

C-bit Helix Technology on a Napkin (look no beer or coffee stains)

In the “Founder’s Vision” section of the C-bit website, Martens quotes from the famous blue pill – red pill line of the Matrix:

“YOU TAKE THE BLUE PILL, THE STORY ENDS. YOU WAKE UP IN YOUR BED AND BELIEVE WHATEVER YOU WANT TO BELIEVE. YOU TAKE THE RED PILL, YOU STAY IN WONDERLAND, AND I SHOW YOU HOW DEEP THE RABBIT HOLE GOES.”

The section goes on a “storm is brewing” polemic that the global economy and all countries, fiat currencies and societies are all handing for catastrophe.

This reporter would certainly have to take a pill to read through the entire page.