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 which 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 network, the technology that delivers bitcoin, can only process so much information at a time
