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Friday, 2 October 2020
Thursday, 1 October 2020
All ideas seem to be back on the table again: miner validated tokens, shortening the blocktime etc
Bitcoin Unlimited member Andrew Stone is arguing for his proposal group for miner validated tokens again in his latest read.cash article "BCH: Looking back and Moving forward" . Now under the initiative of George Donnelly, and supported by Jonathan Toomim, there's discussion again around shortening the blocktime on Bitcoin Cash.
Not that these aspects of the protocol are sacred but these things sound an awful lot like discussion already thoroughly had in 2018. As for as I'm concerned the takeaway was pretty decisively that miner validated tokens were not worth the tradeoff and hence SLP became the main BCH tokenspecification. If we were to change course on that now that would literally set BCH back two years. The takeaway on decreasing the blocktime (for me) was that it could not meaningfully improve the user experience and that pre-consensus was the correct way address the underlying problem. Make fun of roadmaps and stable protocol for businesses all you want but I think it's pretty sad, just like with the DAA, that BCH can't move forward and instead is resolving 2017 problems for the third time.
In the spirit of the IFP I only want to add this: You know who decreased blocktimes? Zcash, and now they're number 30 on coinmarketcap.
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source https://www.reddit.com/r/btc/comments/j354ww/all_ideas_seem_to_be_back_on_the_table_again/
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source https://www.reddit.com/r/btc/comments/j35bm0/free_bch_affiliate_program_is_live/
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Bitcoin Will Shape Twitter’s Future, Jack Dorsey Says
Bitcoin is gaining more and more popularity and the adoption of digital assets is also going great despite the global crisis in the middle of which we are.
The mainstream adoption of cryptos has been a massive goal that the crypto industry has set and there have been a lot of moves made in this direction so far.
Now, it’s been revealed that the future of social media platform Twitter will be shaped by Bitcoin and its underlying technology, the blockchain, according to chief executive Jack Dorsey.
Business Insider reported that Dorsey was once again endorsing a decentralized social media standard at a virtual conference that took place on September 25.
Bitcoin and the blockchain to shape the future of Twitter
“A lot of our value in the past was around content hosting. So we would host the tweets, the images, and videos,” Dorsey stated during the conference.
He continued and said: “Blockchain and bitcoin point to a future, and point to a world, where content exists forever, where it’s permanent, where it doesn’t go away, where it exists forever on every single node that’s connected to it,” the billionaire told Human Rights Foundation president, Thor Halvorssen.
According to the same online publication mentioned above, Dorsey’s revolutionary conceptualization of open, decentralized social media has the following important goal: to transform the company’s relevance as a “content hosting” platform.
“Right now we’re in the phase of finding a leader for it, but this is a completely separate non-profit from the company,” he said.
He continued and explained, as cited by the online publication mentioned above that “This group will be tasked with building a protocol that we can use and everyone else can use.”
We recommend that you check out the complete article in order to learn more details.
Regarding the price of Bitcoin today, at the moment of writing this article, the king coin is trading in the green and it’s priced at $10,722.08.
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