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.
Yes, BU is unlimited, but you ever notice from time to time an empty block gets mined? Why does this usually happen? Well, each node has to verify all the transactions of a block. So miners don't lose hash while the block is getting validated, the miner begins mining an empty block. The validation process currently take less than a minute for most nodes. To compete with someone like Visa, we need to validate like a 1000x more transactions than currently can be done. This would require 1GB blocks. However, that block would also take 1000 times longer to validate. Therefore, you would get a lot of empty blocks being mined since validating the blocks with lots of transaction in it would take a whole lot longer than 10 minutes. Since a lot of empty blocks would be mined, the blocks with actual transaction would have to get bigger and bigger. BU is fine if we want to keep the capability down to 50 transactions per second or less. But if BTC wants to get huge, an off chain solution makes more sense.