Post
Topic
Board Development & Technical Discussion
Re: bitcoin "unlimited" seeks review
by
VeritasSapere
on 08/01/2016, 16:00:22 UTC
[ I really like the concept of BU - mainly because it is the most decentralised approach ]

I am curious as to what people think will happen, IF people started running BU, and the CORE said ' USE THESE SETTINGS ' , would the majority of people use them ?

I think they would.

In fact I think the CORE boys are doing themselves a disservice, by not realising that 'almost' everyone would still follow their lead. Easily the majority.

AND - importantly - even though we would still be using the settings CORE feels is right, because we were given a choice and not forced, there would be no animosity. win win.

People are funny like that.


And you would be surprised by how easy it would be to manipulate a small number of people to change a few settings to cause chaos for them, then have them have a really bad experience, then get press about how bad it is and how they lost their money.  This is a clear intent to break everything and make it too chaotic to be usable.
Actually because of the defaults set in BU it is more likely to follow the longest chain regardless of what the blocksize will be. Therefore it can be argued that BU is better for end users since if they where using Core instead they would be forked off the network when the blocksize is increased. BU allows for continued compatibility with the Bitcoin blockchain regardless of what blocksize proposal is adopted, unlike both XT and Core which will need to be upgraded and or patched in order to maintain consensus with the economic majority depending on the blocksize proposal that is chosen. Bitcoin Unlimited on the other hand maintains compatibility with other proposals out of the box from day one using the default settings.