Bitcoin Unlimited Is Gaining On SegWit, Could It Overtake? Could We Do Both Even? (The Cryptoverse #191) by marketingmonk

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bitcoin · @marketingmonk · Jan 20 '17

$0.11

Bitcoin Unlimited Is Gaining On SegWit, Could It Overtake? Could We Do Both Even? (The Cryptoverse #191)

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@cheetah · Jan 20 '17

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
`https://www.youtube.com/watch?v=j03NX1FaelY`

👍 cheetah

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@deejaylp · Jan 20 '17

Fé.

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@matrixdweller · Jan 20 '17

The price of STEEM is 0.164704 USD per STEEM

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@screenname · Jan 21 '17

Re: Bitcoin Unlimited Is Gaining On SegWit, Could It Overtake? Could We Do Both Even? (The Cryptoverse #191)

<p>This post has been ranked within the top 80 most undervalued posts in the second half of Jan 20. We estimate that this post is undervalued by $5.47 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jan-20---part-ii">The Daily Tribune: Jan 20 - Part II</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>

👍 tyga, lighter, betonit, badman, imarealboy777, bo-1

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@smalltalk · Jan 20 '17

How is bitcoin different from bitcoin unlimited?

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@marketingmonk · Jan 23 '17

Have a read of https://www.bitcoinunlimited.info/

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@seablue · Jan 20 '17 (edited)

They are the same coin, using the same blockchain, but a different client wallet.  Bitcoin Unlimited has a differing vision of future development than the Bitcoin Core developers.  They signal that difference by using a different name for the wallet they develop.  That is a simplified answer.

Bitcoin Unlimited was created to push for development of 'larger block sizes', which the Bitcoin Core developers were opposed to implementing.

You might look into the terms 'hard fork'  to understand how blockchains change the way they function.  It requires a consensus between the developers and miners and the greater community of Bitcoin users for a hard fork to be successful.  There is some controversy atm, because the number of transactions being processed is increasing and causing delays and increased transaction fees.

The two different camps of thought are offering two different solutions to those issues.

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@smalltalk · Jan 20 '17

Wow. Thank you for this! Thank you so much!

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@the-ego-is-you · Jan 20 '17 (edited)

Resteemed.

This is playing out pretty much exactly how I imagined it would so far and I'm very please with it.

Bitcoin will continue to hold first mover advantage for some time. While it might be a lukewarm alternative and the price can go pretty much anywhere, the majority will be able to learn from other blockchain projects and slowly increase stability with time. 

That in turn, will put an increasing focus on stability within the competing projects, which will enable them to interest and draw in the great minds working in areas relating to financial policy today. Great practical thinkers, that might originally have totally discredited bitcoin as nothing but a libertarian pipe dream. 

Look out for central banking experts joining the community and our internal discussions soon! Let's get the best out of them!

👍 marketingmonk

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@the-ego-is-you · Jan 20 '17 (edited)

Hey @marketingmonk btw not to accuse you if you're not because this is great information anyhow, but are you the producer of these videos?

If so, then you might be interested in using one of the Steem video outros created by @hilarski is all I want to say. That way you could market Steem as well, if you don't want to avoid it for the time being, of course.

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@seablue · Jan 20 '17

Yes.  @marketingmonk is the producer of these videos.

👍 the-ego-is-you

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`root_title`	"Bitcoin Unlimited Is Gaining On SegWit, Could It Overtake? Could We Do Both Even? (The Cryptoverse #191)"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	2,300,119
`net_rshares`	1,657,871,332
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
the-ego-is-you	0 B		1,657,871,332	100%

4 replies