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Author Topic: [2016-09-26] A Controversial Bitcoin Alternative is Seeking a Comeback  (Read 508 times)
secone (OP)
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September 26, 2016, 01:26:13 AM
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A controversial bitcoin alternative may be making a comeback.

With such a large community, bitcoin has perhaps inevitably seen disagreement about its future development. Having launched earlier this year, Bitcoin Unlimited grew out of an active movement to quickly pick up bitcoin's userbase by increasing the block size, or a hardcoded limit on the number of transactions that the network can process per block. This is a contentious change that many Bitcoin Core developers don't support.

But while its developers were quiet for a while, the alternative bitcoin implementation has seen a resurgence since receiving a nearly half a million dollar donation from an anonymous source.

The latest news is that Bitcoin investor Roger Ver’s mining pool mined its first Bitcoin Unlimited block on Wednesday. And Saturday, the Unlimited community hosted a conference in San Francisco, called “Satoshi’s Vision: Bitcoin Development & Scaling Conference.”

http://www.coindesk.com/controversial-bitcoin-alternative-seeking-comeback/
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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TraderTimm
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September 26, 2016, 05:22:24 PM
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Making a comeback?

How about it never was a viable alternative in the first place?

Just another Roger Ver fluff piece promoting his personal alt-coin agenda. Pass.

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September 26, 2016, 06:09:58 PM
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This will not work in Bitcoin once the emission runs out. There are some very valid reasons behind the "small block" point of view in Bitcoin.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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September 26, 2016, 11:00:24 PM
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Half a million dollars no longer goes very far in BTCland. What are they going to spend it on? I assume a few hundred Amazon nodes that'll disappear all at once again.
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