Epstein Rejected Bitcoin Manipulation as Coinbase CEO’s 2MB Hard Fork Plan Fails

Unsealed documents show Epstein declined cryptocurrency dealings in 2018 over moral concerns, while Coinbase’s 2016 2MB Bitcoin fork proposal was dropped after failing to secure consensus.

BTC

Summary

Newly unsealed documents reveal that in 2018 Epstein refused to engage in cryptocurrency activity, citing moral objections and choosing to fund other projects instead. The records also disclose a 2016 email from Coinbase CEO Brian Armstrong outlining plans for a 2MB Bitcoin block hard fork to increase transaction capacity. This initiative was abandoned in 2017 after failing to achieve the necessary community support, highlighting the central role consensus plays in major blockchain protocol changes.

Terms & Concepts
  • Block hard fork: A blockchain protocol change that is not backward-compatible, requiring all participants to upgrade to the new rules to continue transacting.
  • Block size: The maximum amount of data that can be included in a single block in a blockchain, affecting transaction throughput.