Monday, 27 March 2017

#BITCOIN BITCOIN CORE & #BITCOINUNLIMITED

Via popup

"ViaBTC Service Statement
ViaBTC is of the opinion that the current "Bitcoin Core + Blockstream” Bitcoin development team is not taking satisfactory steps to ensure the growth and advancement of Bitcoin in accordance with satoshi's original white paper, and is in fact actively harming the health of the Bitcoin economy by actively stifling efforts to solve some of Bitcoin’s most pressing problems.




The reason why this Transaction Accelerator exists is due to problems created by Bitcoin Core’s inability and unwillingness to deliver any sort of meaningful protocol upgrade over the last several years, against the desires of the Bitcoin community at large. Those who have attempted to deliver the necessary upgrade have been vilified and silenced by Bitcoin Core and their affiliated censored media channels. Average users who dare to disagree are banned and have their comments deleted.

Rather than viewing Bitcoin as a fast, affordable, and reliable payments network, as it has been for years, they aim to transform Bitcoin into what they call “a settlement layer”, defined by high fees, unreliable transactions, and a labyrinth of complex overlays that require third-party trust on top of the basic system.

This development team has further prevented the ability of the Bitcoin community to freely discuss this radical change of direction by tacitly, and in some cases explicitly, supporting censorship of Bitcoin’s largest discussion forums, along with the outright banning of many prominent developers, businesses, and community members who have differences of opinion with Bitcoin Core’s current roadmap. After years of stagnation, stalling, and broken promises, it has become clear that positive change will not come from Bitcoin Core, but rather from the diverse group of alternate development teams that have emerged as a result of Core’s tactics.





The following article cites many specific examples of the rampant censorship on the "r/bitcoin" sub-reddit:

A (Brief and Incomplete) History of Censorship in r/bitcoin, by John Blocke

As efforts by the community to resolve these problems have failed, it is necessary to resolve them with a different approach:

By unsubscribing to /r/bitcoin, and subscribing to sub-reddit /r/btc you take a stand against censorship.
By running an alternate implementation, such as Bitcoin Unlimited or Bitcoin Classic, you are casting a vote against the current development team.
There are currently several other cryptocurrencies which perform better than Bitcoin, have more features than Bitcoin, have a more receptive and open development team than Bitcoin, and have a better upgrade path than Bitcoin. The only remaining qualities that Bitcoin has over these other cryptocurrencies are its first-mover advantage and its pre-existing network of users and infrastructure. If these qualities are not preserved, Bitcoin will continue to lose market share to competing cryptocurrencies.





The current Bitcoin Core developers are rapidly eroding this last advantage with poor design choices, a failure to understand basic economic principles, and promoting censorship through their support of censored discussion forums and their vilification of forums committed to free speech.

We encourage all members of the Bitcoin community to make their voices heard, and to stand up for what is right.

Sincerely,

ViaBTC

This statement was modified from the statement on nodecounter.com"

BITCOIN CORE

"Bitcoin Core is a reference client of bitcoin. Initially, the software was published by Satoshi Nakamoto under the name Bitcoin, then Bitcoin-Qt and later renamed to Bitcoin Core.[1][not in citation given] It is also known as the Satoshi client.[2] It is a full client used by bitcoin nodes that create the bitcoin network. Through the changes to Bitcoin Core, its developers make changes to the underlying bitcoin protocol.[3] As of 2016, Bitcoin Core repositories are maintained by Wladimir J. van der Laan.[4]
The MIT Digital Currency Initiative funds some of development of Bitcoin Core.[5] The project also maintains the cryptography library libsecp256k1.[6]" !

BITCOIN UNLIMITED
!Bitcoin Unlimited (BU) is a full node software client for the bitcoin network. Compared to the Bitcoin Core client hard-coding the block size limit to 1 megabyte, from which it is forked, Bitcoin Unlimited does not hard-code the limit, allowing the users to signal which block size limit they prefer, find the limit having a majority consensus and set their block size limit to that value.[1]
The release of Bitcoin Unlimited follows the release of Bitcoin XT and Bitcoin Classic, alternative proposals which aimed to increase bitcoin's transaction capacity of around 2.5-3 transactions per second by increasing the hard-coded block size limit.[2]"

Sources
Futher Information - onsite
Further Information - offsite

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