So about this
http://www.coindesk.com/coindesk-explainer-bitcoin-unlimited-debate/ https://www.bitcoinunlimited.info/ (again one of those stupid java only website, says enough)
the idea sound great BUT :
Bitcoin Unlimited differs from Bitcoin Core in that the block size parameter is not hard-coded nodes and miners flag support for the size that they want. Then, it relies on an idea called 'emergent consensus'.
"An emergent consensus will thus arise based on free-market economics as the nodes/miners converge on consensus focal points, creating in the process a living, breathing entity that responds to changing real-world conditions in a free and decentralized manner," the website reads.
In the case of the block size, the idea is that via the free market, miners will come to agreement on a block size. Though, users can 'vote' on other parameters as well.
How are the miners be voting? I absolutely don't get how in practice it could work! Or it's the big pools colluding togheter or it's total anarachy. If pool A mines 2mb blocks and pool B 3mb blocks will B get orphaned? what a mess.
And fundamentally what's the point when a block isn't full it doesn't take the full space...
Sorry to ask but where to read more about BU and Segwit? there is not much info here... and even a big nothing in the mining section.
It is very difficult to find anyone that will discuss BU or Segwit. I wish there was more discussion about it but nobody has an opinion for one or the other.
Isn't that the truth. I think most of the people bitching about it really don't fully understand either of the options. (me included lol)
Both hope to solve the same issue however. Just BU at some point could trigger the hard fork. Segwit would only be a soft fork. Just the sounds of a hard fork spooks people as it probably should lol
BU is a stupid solution anyway. If BTC ever wants to scale on something that would compete with Visa and Paypal, we'd need to increase the blocksize to 1GB+. Problem is, such a large block would take so long to verify, there would end up being a lot of empty block mined, and the large 1GB+ blocks would end up getting orphaned, anyway. IF BTC wants to even come close to scaling like the big boys, an off chain solution like LN is our only hope.
if I get it BU is unlimited... thx for your comment anyway.
This gives a good overview of where all the nodes are at right now. Interesting, the way I am reading it is BU nodes at 33.1 %
http://xtnodes.com/But the big pools can fork it almost when ever they want, no?