thedailybitcoinshow

166 - G. Andrew Stone & Andrew Clifford: Bitcoin Unlimited


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Support the show, consider donating: 1DKpagPqjaR8E9Xa2wpgzW1ZyJHqxtm1Td (http://bit.ly/2jnvBNG) Years into the controversy around how to scale Bitcoin, there have been many challengers to Bitcoin core's dominance. After XT, Classic and others have faded, Bitcoin Unlimited has been gaining traction and emerged as plausible new way forward. Bitcoin Unlimited wants to make the block size a parameter that is set by miners and nodes, but not fixed at a network level. They argue a natural fee market would emerge, allowing Bitcoin to rapidly scale and realizing its promise of electronic cash as well as store of value. The project is also member-driven, with democratic decisions driving its development decisions.Core developer G. Andrew Stone and Bitcoin Unlimited President Andrew Clifford joined us for the episode. Topics discussed in this episode:How Stone and Clifford first got involved in BitcoinThe history of the blocksize debate and Bitcoin core alternativesWhy the Bitcoin block size should be determined by miners not developersThe natural fee market that would arise controlling the size of Unlimited blocksHow the non-profit organization behind Bitcoin Unlimited worksHow a transition to Bitcoin Unlimited could look like Links mentioned in this episode: Peter Rizun: How Bitcoin Unlimited deals with large blocksBitcoin Unlimited WebsiteG. Andrew Stone: Examining Effect of Single Transaction Blocks on NetworkPeter Rizun: A Transaction Fee Market Exists Without a Block SizeBitcoin Unlimited Member ForumBitcoin Network Hashrate Distribution Sponsors: Ledger: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER - http://ledgerwallet.comJaxx: Wallets that Unify the Blockchain Experience Across Devices - http://jaxx.io Watch or listen, Epicenter is available wherever you get your podcasts. Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.
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