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countryfree
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October 20, 2016, 10:31:10 PM
 #1

I just discovered these guys. They say they have a solution to scale BTC. Some info here, on their FAQ:

https://www.bitcoinunlimited.info/faq

Unfortunately, I'm not enough of a techie to say how good their proposals are, but I like the fact that they're making them. The scalability issue needs to be solved, and new ideas can always help, but they're also a risk when the ideas are as developed as theses ones. Somehow, the team behind Bitcoin Unlimited is competing against Bitcoin Core.

Anyone knows who are the guys behind Bitcoin Unlimited?
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October 20, 2016, 10:33:59 PM
 #2

I just discovered these guys. They say they have a solution to scale BTC. Some info here, on their FAQ:

https://www.bitcoinunlimited.info/faq

Unfortunately, I'm not enough of a techie to say how good their proposals are, but I like the fact that they're making them. The scalability issue needs to be solved, and new ideas can always help, but they're also a risk when the ideas are as developed as theses ones. Somehow, the team behind Bitcoin Unlimited is competing against Bitcoin Core.

Anyone knows who are the guys behind Bitcoin Unlimited?

If I remember correctly I had heard about them months ago, but I don't remember having heard of anything from them since then. They were one of the three dev teams that were racing to develop a solution to the scaling problem, but the mentions of their names died out around the same time everyone stopped losing their mind about the block size.














 

 

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October 21, 2016, 12:32:42 AM
 #3

Bitcoin unlimited is well and alive. About 15% of the hashrate is behind it at this stage and is gaining momentum.
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October 21, 2016, 12:49:35 AM
 #4

Bitcoin unlimited is well and alive. About 15% of the hashrate is behind it at this stage and is gaining momentum.
Maybe it is, but there is no unlimited solution or ultimate solution to scaling. Its constant process of finding bottlenecks.
So... that said, im skeptic.

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October 21, 2016, 01:11:28 AM
 #5

I just discovered these guys. They say they have a solution to scale BTC. Some info here, on their FAQ:

https://www.bitcoinunlimited.info/faq

Unfortunately, I'm not enough of a techie to say how good their proposals are, but I like the fact that they're making them. The scalability issue needs to be solved, and new ideas can always help, but they're also a risk when the ideas are as developed as theses ones. Somehow, the team behind Bitcoin Unlimited is competing against Bitcoin Core.

Anyone knows who are the guys behind Bitcoin Unlimited?


I have been asking the same question myself around the forum but I have not been given a clear answer. What I know is Roger Ver is a solid supporter and that the "Bitcoin Unlimited team", whoever that is, has announced a research grant program that will give out several thousand dollars to fund coders to work on Bitcoin Unlimited.

The first reaction on that news is that they might be lacking talented coders. Also that is why we cannot get a straight answer when we ask who the developers are behind BU. So for now your nodes should be running core until further clarification. I also want to see the Lightning Network released and let us first see how it goes.



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October 21, 2016, 01:26:01 AM
 #6

I am the elected "Developer" (committer) to Bitcoin Unlimited.  I am breaking my silence of a year and a month on this forum to say that we do have a solid development team, but that you will have a very hard time discovering information about us and the Bitcoin Unlimited project on this forum since much of it has been "moderated" out of existence.  We will see if this post lasts.  Please do use Google searches to learn about us.
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October 21, 2016, 01:51:22 AM
 #7

There's an altcoin section for topics like this...

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October 21, 2016, 02:04:35 AM
 #8

I am the elected "Developer" (committer) to Bitcoin Unlimited.  I am breaking my silence of a year and a month on this forum to say that we do have a solid development team, but that you will have a very hard time discovering information about us and the Bitcoin Unlimited project on this forum since much of it has been "moderated" out of existence.  We will see if this post lasts.  Please do use Google searches to learn about us.


Yes I just did that and I am reading thru your members page. https://www.bitcoinunlimited.info/members

I have no idea who these people are and I hope they are all qualified to develop and bring Bitcoin forward for the sake of the whole cryptocurrency community. We do not want to look like a group of inept people in a community full of infighting, mudslinging and fudding for lack of a better word. That will not bring Bitcoin in a good light and will not make it attractive in the mainstream's view.



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October 21, 2016, 03:20:51 AM
 #9

There's an altcoin section for topics like this...

not sure if your being satirical or you really dont know what bitcoin is about and how bitcoin works to make such a comment
however
BU runs on the bitcoin network.
BU is not asking to split the network
BU is part of bitcoin

you seem to be a noob that purchased a high ranking username if you dont know the basics of how bitcoin works to assume that it is an altcoin.
learn consensus. learn decentralization and learn diversity.

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October 21, 2016, 03:34:42 AM
 #10

We only have one bitcoin and not four as people talking about.
Good luck scaling, I personally only use and follow satoshi's bitcoin.

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franky1
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October 21, 2016, 03:40:26 AM
 #11

We only have one bitcoin and not four as people talking about.
Good luck scaling, I personally only use and follow satoshi's bitcoin.

so your running bitcoin-qt version 0.8

or have you accepted that bitcoin is diverse and that other teams have their own branding and own codes that all work fine communicating together with other nodes within the network, to allow you to try the different brands that are available now.
first release of bitcoin-core was 2014-03-19

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hendra147
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October 21, 2016, 03:43:43 AM
 #12

sorry im noob in bitcoin system, blocksize, mining ,network etc.
just want to ask :
bitcoin unlimited is new nodes ? like bitcoin classic,core etc. ?
if 70% of miner using this nodes/config, any effect at bitcoin transaction ?

Dabs
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October 21, 2016, 03:54:29 AM
 #13

you seem to be a noob that purchased a high ranking username

That's a very expensive high ranking username, based on the amount escrowed, the donator status, and all the physical silver and gold coins sold under that name.

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franky1
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October 21, 2016, 04:16:37 AM
 #14

you seem to be a noob that purchased a high ranking username

That's a very expensive high ranking username, based on the amount escrowed, the donator status, and all the physical silver and gold coins sold under that name.

even a noob can buy a legendary username and carry on using the ranking to do trade/escrow without learning about bitcoin.
afterall what you do with bitcoin does not equal knowing about bitcoin.

seems you cut out my comment about satire and the final part about IF he doesnt know how bitcoin works.
i have seen ognasty username around for years but comments like presuming BU is an altcoin are just odd..

ill take it as satire then

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Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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October 21, 2016, 05:01:24 AM
 #15

sorry im noob in bitcoin system, blocksize, mining ,network etc.
just want to ask :
bitcoin unlimited is new nodes ? like bitcoin classic,core etc. ?
if 70% of miner using this nodes/config, any effect at bitcoin transaction ?

BU has a flex cap (like what core agreed to have in 2015 before they later backtracted)
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html
Quote
Further out, there are several proposals related to flex caps or
incentive-aligned dynamic block size controls based on allowing miners
to produce larger blocks at some cost. These proposals help preserve
the alignment of incentives between miners and general node operators,
and prevent defection between the miners from undermining the fee
market behavior that will eventually fund security. I think that right
now capacity is high enough and the needed capacity is low enough that
we don't immediately need these proposals, but they will be critically
important long term. I'm planning to help out and drive towards a more
concrete direction out of these proposals in the following months.

BU has been running for months now and can happily still run if the consensus moved to more then 'under 1mb' because the rule is simple.
anything under Xmb is acceptable.

no one is saying the rules of the network should ever be 'blocks should be more than X'
but instead move the buffer limit to say
anything under X is acceptable.

core say anything under 1mb is acceptable
classic say anything under 2mb is acceptable
BU say anything below 16mb is acceptable, and locally(user adjustable) stick to a under 1mb flexcap right now
and then let miners choose whats safe to create and relay out without large orphan risk.

miners right now produce blocks between 200bytes-995kb which has only a 1% acceptable loss orphan risk

scenario one:
(only core is holding back, with only informal half-promises of flexcaps, with no eta)
if core devs release a below 2mb update, core users have to review what they are downloading and try it
classic do nothing more
BU do nothing more. BU user changes setting locally
and then the 95% consensus of below 2mb can be seen.

when all is happy and when mining pools see safe majority(95-100%) of nodes are happy with 'below 2mb', the mining pools then flag their own desire. and when there is 95%+ of mining pool acceptance, the pools make a block 1.0000000250mb (1mb plus alittle) to see the orphan risk.
if there is an unforseen issue. then mining pools go back to making 995kb blocks until solution is found.

if the orphans are low, they continue with this small amount extra until they are happy nodes are not crashing out and block are not orphaning to any extent. and slowly build up over time as the network gains confidence.

much like what happened in 2013 after nodes could fully utilise the 1mb rule after the 500k limit bug was found. they didnt suddenly jump straight to 1mb blocks. it build up slowly over 3 years

scenario two:
if there is no 95% consensus of an possible block growth proposed compromise amount. then everything carries on as is until there is a consensus that allows mining pools to try out the new consensus

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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October 21, 2016, 05:42:32 AM
 #16

Bitcoin unlimited is well and alive. About 15% of the hashrate is behind it at this stage and is gaining momentum.

That hashrate will decline to 1% hardcore believers, when SegWit and the Lightning Network is fully implemented, because people will have no need for Bitcoin Unlimited. There will always be people pissing against the wind, and in some instances this is needed, for example : Bitcoin - The people who piss against the system < Banks >

Unfortunately, some people seem to think a divided Bitcoin community will be more competitive against these giants or they cause this division on purpose? Time will tell, if this strategy will work. ^hmmmm^ 

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October 21, 2016, 07:23:59 AM
 #17

Bitcoin unlimited is well and alive. About 15% of the hashrate is behind it at this stage and is gaining momentum.

That hashrate will decline to 1% hardcore believers, when SegWit and the Lightning Network is fully implemented, because people will have no need for Bitcoin Unlimited. There will always be people pissing against the wind, and in some instances this is needed, for example : Bitcoin - The people who piss against the system < Banks >

Unfortunately, some people seem to think a divided Bitcoin community will be more competitive against these giants or they cause this division on purpose? Time will tell, if this strategy will work. ^hmmmm^ 

How can Segwit be implemented when it needs 95% of the miners to reach consensus? The last time I checked Core has 85% of the miners while Bitcoin Unlimited is with 15%. I believe it is gathering some momentum for now but we'll see what will happen in the coming months. I personally would like to see Segwit and then the Lightning Network because the potential for LN as a layer and a bridge to other blockchains is a very exciting prospective use case.



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skierchewing
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October 21, 2016, 07:41:48 AM
 #18

There's an altcoin section for topics like this...

not sure if your being satirical or you really dont know what bitcoin is about and how bitcoin works to make such a comment
however
BU runs on the bitcoin network.
BU is not asking to split the network
BU is part of bitcoin

you seem to be a noob that purchased a high ranking username if you dont know the basics of how bitcoin works to assume that it is an altcoin.
learn consensus. learn decentralization and learn diversity.

Anything outside Bitcoin Core is an altcoin to my eyes. That's not "decentralisation" and "diversity" but dangerous divising ideas. You know, they can commit Bitcoin Core, and don't need to create forks all the time !


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MPRESSION



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October 21, 2016, 07:56:30 AM
 #19

Bitcoin unlimited is well and alive. About 15% of the hashrate is behind it at this stage and is gaining momentum.
Maybe it is, but there is no unlimited solution or ultimate solution to scaling. Its constant process of finding bottlenecks.
So... that said, im skeptic.

That could be true. But we need to increase the block size to 2MB or higher in the short term to promote bitcoin.
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October 21, 2016, 10:00:02 AM
 #20

I am not getting the point of UNLIMITED BITCOIN , can you please elaborate more. Actually unlimited term should not be used in real life because it's unlimited term doesn't exists in reality. You could use the term huge amount instead of unlimited that would make it more realistic.
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